Author: John Smith
The social media rumor mill once again started circulating news of a supposed fresh Chinese ban on all crypto assets. Summary Rumors on social media suggest that China bans crypto Similar rumors circulated in the past There were no notable changes in Chinese crypto policy If you follow the crypto community on X, it seems like China bans crypto every few months. On August 3, several social media accounts reported a supposed Chinese ban on crypto assets. These accounts claimed that the ban applies to both crypto trading and mining, as well as “related services.” X post suggesting that China…
A Coinbase UK ad campaign was abruptly shut down after TV networks refused to air it, and the exchange’s CEO isn’t staying quiet. Summary Coinbase CEO Brian Armstrong criticized UK broadcasters for blocking the company’s recent crypto ad campaign. Armstrong said the decision reflects outdated perceptions of crypto in the United Kingdom. The UK’s lack of clear crypto rules has drawn criticism from experts. Some community members have condemned the tone of the Coinbase campaign. In an August 4 post on X, Coinbase CEO Brian Armstrong condemned the United Kingdom’s ban on its latest advertisement, saying its message must have…
The VINE coin saw a recent surge following Elon Musk’s prolific activities to revive old content using Grok Imagine. The token may soon join the lineup of tokens linked to Musk and generate even more. Summary Elon Musk’s plan to revive old social media content from VINE sparked a rally in the token. Dogecoin and Grok-related tokens also saw a surge in value following Elon Musk’s trending posts. The move comes on the heels of a renewed push by X to create an AI-powered super-app, inclusive of a potential payment processor powered by cryptocurrency. The surge in VINE’s value can…
Toncoin is showing signs of strength both on-chain and on the charts, despite a minor pullback over the past 24 hours. Summary TON is up 30% over the past month, supported by strong price structure and rising open interest. On-chain activity is climbing, with higher DEX volumes, chain fees, and stablecoin inflows. Technicals are mostly bullish, though momentum indicators suggest a short-term cooldown is possible. At press time, Toncoin (TON) is trading at $3.56, down 1.3% on the day but still up 3.6% over the last week and 30% in the past month. The token remains in a healthy range,…
Metaplanet has purchased additional Bitcoin for its treasury, advancing its goal of holding 210,000 BTC by 2027. Summary Metaplanet added 463 BTC on August 4, bringing total holdings to 17,595 BTC. BTC Yield year-to-date is 170%, with bitcoin per share rising 22× in 11 months. Capital raise, bond redemptions, and expansion targets signal continued BTC accumulation. Metaplanet has acquired 463 additional Bitcoin (BTC) for ¥7.995 billion ($55.17 million) at an average price of ¥17.27 million($119,163) per BTC, according to an Aug. 4 disclosure. This purchase increases the company’s total Bitcoin holdings to 17,595 BTC, valued at ¥261.28 billion ($1.80 billion).…
SharpLink Gaming has continued its aggressive Ethereum acquisition strategy, purchasing another 15,822 ETH worth approximately $53.9 million. Summary SharpLink added 30,755 ETH for $108.6M, bringing its holdings to 480,031 ETH. The entire treasury is staked and leadership includes ex-BlackRock and Consensys executives. Analysts are split, with some praiing institutional momentum and others warning of overvaluation. According to an Aug. 3 post on X by Lookonchain, the firm spent $108.57 million in USD Coin (USDC) over the preceding two days to acquire 30,755 Ethereum (ETH) at an average price of $3,530 per token. With this latest purchase, SharpLink now holds 480,031…
Ripple tumbled to a low of $2.7340 on Sunday, Aug. 3, down by over 22% from its highest point this year. It dropped to its lowest level since July 13, erasing billions of dollars in value. The sell-off followed a wider crypto and stock market downturn fueled by economic concerns tied to President Trump’s new tariffs and a string of weak U.S. jobs data. Bitcoin’s (BTC) retreat from its recent record high, alongside declines in Ethereum (ETH) and Solana (SOL), dragged the entire digital asset space lower. Adding to XRP’s woes, Ripple co-founder Chris Larsen reportedly offloaded over $140 million…
The crypto sector caught the macro blues, tumbling alongside stocks as President Trump’s tariffs and weak jobs report spooked risk markets. Bitcoin (BTC) fell from its all-time high of $123,200 in July to $112,000, and the market capitalization of all coins decreased from $4 trillion to $3.3 trillion. Summary Pi Network price will be in focus as it crashed to a record low. Flare Network will unlock millions of tokens this week. Cardano will unveil the schedule for the Glacier airdrop at the Rare Evo event. Cryptocurrencies and stocks fell as investors adopted a risk-off sentiment following the U.S. announcement…
From market jitters sparked by tariffs to new moves in crypto regulation and ETFs, it was a packed week across the digital asset landscape. Source link
Cryptocurrency entrepreneur Justin Sun soared to the edge of space Sunday aboard a Blue Origin rocket, nearly three years after winning his seat with a $28 million bid. The TRON founder and Trump family ally had initially secured a spot on Blue Origin’s first crewed launch with Jeff Bezos in 2021, but postponed the flight. On Sunday morning, Sun joined five other passengers—including a teacher, a venture capitalist, and a meteorologist—for a brief suborbital ride aboard the New Shepard rocket from West Texas, according to Bloomberg News. The mission marked Blue Origin’s 14th human flight and continued the company’s push…