Author: John Smith

The Blockchain Association and Crypto Council for Innovation sued Illinois on Aug. 21 to block a 0.2% digital asset tax scheduled to take effect on Jan. 1, 2027. Summary Two industry groups sued Illinois to block its 0.2% digital asset tax before implementation begins. The tax takes effect January 1, 2027, covering specified exchanges, transfers and storage services statewide. Plaintiffs allege seven federal and state legal violations, including discriminatory internet taxation and vagueness claims. The complaint seeks preliminary and permanent injunctions, but no court has blocked enforcement yet statewide. Illinois House Bill 5798 proposes complete repeal but has not advanced…

Term Labs confirmed on Aug. 23 that a governance exploit had affected its lending vaults. Blockchain security firms estimated that the attacker extracted approximately $8.5 million in cryptocurrency. Summary Term Labs confirmed a governance exploit affected its vaults while investigators assessed the full damage. CertiK estimated losses near $8.5 million, but Term Labs has not publicly confirmed that figure. The identified address held approximately 2,843 ETH and 1.6 million DAI after the attack transactions. PeckShield traced the exploiter’s initial two-ETH funding to Tornado Cash before the vault transactions began. Term Labs has not announced recoveries, reimbursement terms, contract pauses, or…

South Korean crypto exchange Upbit processed an estimated 1.15 trillion won, or approximately $830 million, during one hour of volatile trading on Aug. 22. Summary Upbit processed an estimated 1.15 trillion won during the volatile hour beginning 05:00 UTC Saturday. Twenty-four-hour Upbit volume reached $3.818 billion, according to data cited by Wu Blockchain during volatility. XRP generated 32.20% of Upbit volume, ahead of TRUMP at 10.93% and Tether at 8.39%. CoinGlass data showed $523 million liquidated within one hour, including $448 million from long positions. Upbit’s volume rebound followed a 273% daily increase to approximately $1.84 billion on August 21.…

The relative strength index is one of the most widely used momentum oscillators in crypto trading, but most traders misread what it actually measures. This guide breaks down the RSI formula, explains how overbought and oversold signals work in practice, and covers the mistakes that turn a useful indicator into a losing strategy. Summary RSI is a momentum oscillator that measures the speed and magnitude of recent price changes on a scale of 0 to 100, with readings above 70 considered overbought and below 30 considered oversold. The standard RSI calculation uses 14 periods and compares average gains to average…

MACD is one of the most widely used momentum indicators in crypto trading, but most traders never move past the basic crossover signal. This guide breaks down what the moving average convergence divergence indicator actually measures, how to read each of its three components, and where it tends to fail in volatile crypto markets. Summary MACD measures the relationship between two exponential moving averages and produces three components: the MACD line, the signal line, and the histogram. Crossover signals can identify momentum shifts, but they lag behind price action and produce frequent false signals in choppy crypto markets. Divergence between…

Richard Wyckoff published his market framework before the Great Depression, yet his distribution schematic remains one of the most referenced tools in crypto trading circles. This article breaks down how the method works, where it has appeared in Bitcoin price history, and what it actually tells traders about supply and demand. Summary Richard Wyckoff developed his market cycle theory in the early 1900s, dividing price action into four phases: accumulation, markup, distribution, and markdown. The distribution phase contains specific sub-events, including the buying climax, automatic reaction, secondary test, sign of weakness, and last point of supply, each signaling a gradual…

MUBARAK has risen 26.1% to $0.0266 as BNB Chain meme tokens have attracted fresh trading activity alongside a $200,000 network campaign. Summary MUBARAK’s daily volume reached $42.36 million, about 1.6 times its market capitalization. BinanceLife gained 10.6%, while TUT and Hajimi posted double-digit increases. BNB Chain introduced two trading competitions carrying $200,000 in combined rewards. BNB traded near $699 after touching a 24-hour high of $725.46. MUBARAK price leads BNB Chain gains CoinGecko data showed MUBARAK trading at $0.0266, up 26.1% over the previous 24 hours, with a market capitalization of $26.60 million. Daily volume reached $42.36 million, up about…

South Korea’s Financial Supervisory Service has deployed a real-time AI system that scans trading data, news and online content to flag suspected crypto price manipulation. Summary Generative AI and machine learning will screen trades, news, exchange notices, and online discussions. The platform targets rapid price manipulation, wash trading, collusive activity, and false promotional claims. Human investigators will review AI-generated reports before opening a detailed analysis or formal investigation. Future updates will add cross-exchange fund-flow analysis and on-chain transaction tracking. AI crypto surveillance screens price and volume spikes The Financial Supervisory Service said in its Aug. 20 announcement that the platform…

Crypto and blockchain companies announced approximately $1.298 billion across six disclosed transactions between Aug. 16 and Aug. 22, 2026. ZeroStack accounted for most of the total through a $1 billion noncash token contribution, while Ripple Prime completed a $275 million debt offering. Summary Six disclosed transactions produced approximately $1.298 billion in financing during the reporting period. ZeroStack agreed to receive $1 billion in MemeCore tokens through a stock-based transaction. Ripple Prime raised $275 million from institutional investors through senior unsecured notes. NeoSoul secured $11 million to develop AI-powered trading agents and supporting infrastructure. Smaller rounds supported privacy, DeFi credit delegation,…

The Sandbox has contained a cross-chain bridge vulnerability that allowed an attacker to mint unbacked SAND on Base and BNB Smart Chain, with the project estimating the direct impact at less than 0.01% of the token’s 3 billion supply. Summary The attacker minted unbacked SAND on Base and BNB Smart Chain through compromised bridge permissions. The Sandbox disabled transfers involving both networks while keeping Ethereum and Polygon SAND unaffected. Upbit and Bithumb halted SAND deposits and withdrawals after detecting a possible security incident. On-chain researchers estimated that about 14.75 million Ethereum-backed SAND left the bridge adapter. The Sandbox plans to…