BitMine Immersion Technologies dipped nearly 27% despite a “chairman’s message” from FundStrat’s Tom Lee to bolster confidence in the Ethereum treasury company. BitMine on Monday announced the new “The Chairman’s Message” monthly series, which is designed to give an insight into BitMine’s broader crypto plan. During the presentation, Lee talked about the firm’s long-term Ether…
Crypto investor Murad Mahmudov is sitting on tens of millions of dollars in unrealized profits from memecoins, according to blockchain data, adding fuel to the ongoing debate over his “memecoin supercycle” thesis. Data from the onchain data aggregator DropsTab shows that Mahmudov holds over $70 million in memecoins, with just $1.86 million in capital invested….
Privacy-focused Monero is facing what appears to be an attempted network takeover by former top mining pool Qubic, prompting community backlash and concerns over hashrate centralization. As of Monday, Qubic had fallen from the top spot on the Monero (XMR) mining pool rankings to seventh, according to MiningPoolStats data. After the community noticed the pool…
Opinion by: Fahmi Syed, president of the Midnight Foundation Stablecoins have become the most sought-after innovation in blockchain since Bitcoin. Their appeal lies in their undeniable utility, offering the speed and flexibility of digital assets with the stability of fiat, becoming a natural link between traditional finance and decentralized systems. Now, stablecoins are enjoying a…
Key takeaways Dubai now has clear laws for buying property with crypto via VARA and the UAE Central Bank. Major developers like Damac and Emaar accept BTC, ETH and stablecoins for property sales. Crypto payments are faster, cheaper and easier for global buyers. Stablecoins and tokenized real estate are driving Dubai’s next property boom. It’s…
Grove, an institutional-grade credit protocol backed by Steakhouse Financial, is targeting $250 million in real-world assets (RWAs) on the Avalanche blockchain — a move that will significantly expand the network’s tokenization footprint. As part of this effort, Grove is partnering with Janus Henderson Anemoy — a $373 billion asset manager known for its mutual funds,…
Eigenlayer took a step toward scaling decentralized infrastructure by rolling out a multichain verification feature that allows decentralized services to run on layer-2 networks while retaining Ethereum-grade security. On Thursday, Eigenlayer introduced a protocol feature that lets Actively Validated Services (AVS) run on layer 2s, in addition to the Ethereum network. Eigen Labs launched the…
Roman Storm, one of the creators behind the Tornado Cash protocol, is seeking another $1.5 million to cover mounting legal costs as his landmark crypto trial enters its third week. In an “urgent call for support,” Storm asked for another $1.5 million in a July 26 X post, explaining that legal costs have been “piling…
Binance co-founder Changpeng “CZ” Zhao’s reported BNB holdings have rocketed past an estimated value of $75.8 billion as the token breached new all-time highs on Monday. BNB (BNB) tapped a new high of $850.70 on Monday, according to Nansen. Analysts said token burns, rising chain metrics and whale activity could be reasons for the price…
An amended class-action complaint filed in the Southern District of New York alleged that memecoin platform Pump.fun operated as a “front-facing slot machine cabinet” in extracting more than $5.5 billion from users through deceptive digital asset schemes. The lawsuit, filed on Wednesday, named Pump.fun’s operators, including pseudonymous developer Bernie, parent company Baton Corp., and infrastructure…
