Bitcoin Banned in Sinaloa Cartel Sanctions
The U.S. Treasury sanctioned individuals linked to the Sinaloa Cartel for crypto-fueled fentanyl trafficking, adding six Ethereum addresses to the OFAC list. #Breaking #Legal @USTreasury
IRS Launches Crypto Tax Study Bill
Washington initiates a review of crypto tax regulations with a new IRS study bill, potentially impacting the cryptocurrency market. #Update #Legal
ZEC Surges to $686 Amid $28M Liquidations
Zcash ($ZEC) surged 17% to a $11B market cap, triggering $28.25M in liquidations and surpassing Monero. ZEC needs to hit $1,000 to overtake Dogecoin’s valuation. #Update #Crypto $ZEC
AI Claude Computing Secures $45B from Anthropic
@SpaceX has secured a $45 billion contract with @Anthropic for AI computing, with monthly payments of $1.25 billion through May 2029. This deal may bolster SpaceX’s upcoming IPO plans. #Update #Crypto $BTC
CLARITY Act Advances as Sen. Lummis Sets Timeline
Senator Cynthia Lummis announced next steps for the Digital Asset Market Clarity Act, which has bipartisan support and is expected to receive a full Senate vote later this year. #Update #Legal
Bitcoin Plans Reverse Stock Split to Boost Value
@Nakamoto is executing a 1-for-40 reverse stock split to avoid Nasdaq delisting after its share price fell below $1, with current shares dropping from 696.1M to 17.4M #Update #Crypto $NAKA
Binance Launches SpaceX Pre-IPO Perps Betting $2 Trillion
@Binance has launched SpaceX pre-IPO perpetual futures, allowing retail traders to bet on a valuation exceeding $2 trillion. The first contract, SPCXUSDT, is based on anticipated market performance. #Update #Crypto $USDT
Artificial Womb Nears Breakthrough Colossal CEO
@ColossalBiosciences achieves 100% development rate with artificial womb platform, nearing completion. Chemical signaling remains a challenge. Not yet part of woolly mammoth plans. #Update #Tech
Euro Stablecoin Gains Support as EU Reviews
The European Commission has launched a review of its crypto framework, MiCA, to adapt to the evolving digital asset landscape. Feedback is open until August 31. #Update #Crypto
Opentrade Boosts Payroll Cash to 3% APR
Ontop integrates Opentrade infrastructure to offer a 3% APR USD rewards program for global remote workers, leveraging payroll float. #Update #Fintech
CFTC Chief Reveals Secret US CBDC Talks
Timothy Massad, former CFTC Chairman, disclosed secret U.S. CBDC discussions amid global trends, as the U.S. engages in Project ‘Agora’ for international payment tokenization. #Update #Crypto $USDC
Ripple Gains Traction as Fed Proposes Master Accounts
The US Federal Reserve is seeking public comments on proposed “skinny master accounts,” potentially enhancing payment settlements for crypto firms and fintechs, with @Ripple in focus. #Update #Crypto $XRP
Hyperliquid ETFs Surge 50% in Volume
@Hyperliquid’s ETFs see a surprising 50% volume increase despite broader market declines, as noted by ETF analyst Eric Balchunas. #Update #Crypto $ETH
AI Financial Redefines WLFI Treasury Services
@AiFi, previously Alt5 Sigma, emphasizes its broader fintech operations beyond its $WLFI holdings, despite a $706.4M valuation drop and ongoing financial concerns. #Update #Crypto $WLFI