Author: John Smith

SHIB’s open interest just shed over $100 million in days, marking one of its steepest pullbacks since mid-July, after briefly peaking at $328 million. With Shibarium’s TVL dwindling and broader memecoin sentiment cooling, traders are questioning whether burns alone can reignite momentum. Summary Shiba Inu price fell nearly 9% this week amid a $100 million drop in open interest. Shibarium’s total value locked sank to $1.76 million, down over 70% from late 2023. The memecoin’s reliance on token burns is being tested as market preferences shift toward utility-driven projects. On July 30, Shiba Inu’s (SHIB) price slid to $0.00001266, marking…

xTAO Inc. announced a significant expansion of its holdings of the Bittensor token, in a bet on AI infrastructure. Summary xTAO revealed it is the biggest holder of TAO The firm is betting on AI infrastructure on-chain Big cash reserves enable it to acquire more TAO Companies are increasingly betting on the convergence between AI and blockchain. On Wednesday, July 30, xTAO revealed that it holds a total of 41,538 Bittensor (TAO) tokens. According to the firm, these assets make it the biggest corporate holder of the AI-focused TAO token. According to the firm, the TAO treasury will enable it…

Dogecoin price retreated and moved into a technical bear market after falling by over 23% from its highest point this month. Summary Dogecoin price has crashed into a bear market during the ongoing crypto slump. It has formed the highly bullish golden cross pattern on the daily chart. There are rising odds that the SEC will approve spot DOGE ETFs this year. Dogecoin (DOGE) plunged to a low of $0.2200, its lowest level since July 18, mirroring the performance of most meme coins. Still, there are three potential reasons why DOGE price will rebound soon: Dogecoin price has formed a…

Bitcoin price was stuck in a tight range this week as the forming pennant pattern and the Crypto Fear and Greed Index point to a rebound.  Summary Bitcoin price has formed a bullish pennant pattern on the daily chart. The Crypto Fear and Greed Index remains in the gear zone. Technicals point to an eventual Bitcoin price surge. Bitcoin (BTC) has remained inside a narrow range since July 14 when it pulled back after hitting its all-time high of $123,200. Crypto Fear and Greed Index is at 63 A closely watched gauge shows that crypto investors are still greedy despite…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. A decade ago, holding cryptocurrencies in one’s core investment portfolio felt like an all-in gamble. Today, it’s a calculated strategy with over 90 public companies and some countries now holding Bitcoin (BTC) on their balance sheets. Summary Crypto is evolving from retail speculation to institutional strategy, with assets like Bitcoin and stablecoins now used in treasuries, payments, and capital optimization by major companies. Retail and institutions have different needs, but both drive growth, creating a feedback loop…

The years-long federal case against the founders of privacy-focused Samourai Wallet is taking a major turn. Summary Samourai Wallet founders to plead guilty in money laundering case. The outcome of the case may influence the ongoing Tornado Cash trial. The co-founders face up to 25 years in prison if sentenced. According to court filings dated July 29, Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill will formally plead guilty in their money laundering case. The two were arrested back in April 2024, after the U.S. Department of Justice accused them of operating an unlicensed money-transmitting business and facilitating more…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. RI Mining has launched its upgraded AI-powered cloud mining platform, offering XRP, DOGE, and USDT holders a secure and compliant way to earn a daily passive income. Summary RI Mining launches AI-powered cloud mining for XRP, DOGE, and USDT. GENIUS Act drives demand for compliant, passive crypto income. One-click setup delivers stable daily payouts with no conversion needed. As digital asset adoption accelerates and regulatory clarity reshapes the crypto landscape, RI Mining today unveiled its upgraded AI-powered cloud mining…

After initially contesting the charges, an Arizona man has now pleaded guilty to defrauding victims out of $13 million through a crypto scheme involving fake AI trading bots and a fictitious government agency. Summary Vincent Mazzotta has pleaded guilty nearly two years after being indicted in a $13M crypto Ponzi scheme. The scheme used fake AI trading bots and a fictitious agency called the “Federal Crypto Reserve” to defraud victims. He faces up to 15 years in prison for money laundering and conspiracy to obstruct justice. Vincent Anthony Mazzotta Jr., who has been accused of running multiple fraudulent investment platforms…

Linea, the Ethereum layer 2 network developed by ConsenSys, has officially released its LINEA tokenomics framework, revealing a unique Ethereum-aligned model. Summary Linea released tokenomics showing ETH as gas and no governance role for LINEA. 85% of LINEA’s 72B supply goes to ecosystem incentives while 15% is reserved for ConsenSys. Fee structure burns ETH and LINEA to link usage with long-term value. The update was shared in a July 29 blog post and arrives ahead of Linea’s anticipated Token Generation Event. ETH will serve as the sole gas token, while the new LINEA token will function as an incentive and…

Senator Lummis is dragging federal housing agencies into the 21st century with a bill that mandates crypto be recognized in mortgage approvals. The move challenges decades-old lending rules, potentially opening doors for young buyers, but critics warn it could destabilize the system. Summary Senator Cynthia Lummis introduced a bill requiring Fannie Mae and Freddie Mac to recognize crypto assets in mortgage evaluations. The 21st Century Mortgage Act targets outdated lending criteria and responds to low homeownership rates among Americans under 35. Critics, including Senators Warren and Sanders, argue the move could inject risk into the housing market due to crypto…