Author: James Wilson

Solayer launched SVM Bridge, an interoperability protocol to connect Solana and the Solana Virtual Machine. Summary Solayer unveils SVM Bridge to boost interoperability in the Solana ecosystem SVM Bridge will connect Solana with InfiniSVM and other SVM chains. Network boasts low latency, security, and efficient asset bridging Solana (SOL) ecosystem’s interoperability could soon get a boost. On Friday, August 15, Solayer, the company behind InfiniSVM, announced the launch of SVM Bridge. The bridge will serve as an interoperability solution for networks using the Solana Virtual Machine (SVM). The bridge will connect the Solana network with InfiniSVM and other SVM chains.…

Spark crypto price continued its downward trend as sentiment in the cryptocurrency industry weakened.  Summary Spark token price continued its strong downtrend on Friday.  The SPK staking inflows continued and hit 137 million. Whales and smart money investors have continued to accumulate. Spark (SPK) token fell to $0.082, its lowest level since July 29 and 55% below its highest point in July. Its market capitalization has dropped from a peak of $188 million to $127 million.  Whales are buying SPK as staking inflows surge Spark’s price declined amid ongoing weakness in the crypto industry, with the combined market cap of…

The Federal Reserve has announced that it will terminate a supervisory program that focused increased bank scrutiny on cryptocurrencies. Summary The Federal Reserve Board is terminating its novel activities supervision program. Fed says its reverting to its standard supervision process for cryptocurrencies. U.S. banking regulators have issued clarifications on banks and crypto activities amid a shift in approach to crypto and stablecoins. The Federal Reserve said in a press release that it will be sunsetting its novel activities supervision program, with this seeing the banking regulator revert to its standard supervisory processes of the crypto sector. In terminating the 2023…

DeFi Development Corp. is expanding its Solana holdings with the latest 110,000 SOL purchase. Summary DeFi Development Corp. has increased its Solana treasury holdings to $273M Lastest acquisition amounted to 110,000 SOL, worth about $22 million The company’s Solana per share metric rose 9% DeFi Dev Corp is rapidly accumulating Solana (SOL) as its treasury asset. On Friday, August 15, DeFi Development Corp. announced the purchase of another 110,000 SOL, worth about $22 million. The latest acquisition put its holdings at 1,420,173 SOL, currently valued at around $273 million. As a result, the firm’s key metric, Solana per share, rose…

BlackRock CEO Larry Fink nominated as interim co-chair of World Economic Forum board Summary Larry Fink, CEO of BlackRock, became interim chair of the World Economic Forum board Formerly a Bitcoin skeptic, Fink has been the driving force behind Wall Street’s crypto adoption WEF founder, Klaus Schwab, recently resigned amid reorganization Bitcoin (BTC) may soon be getting a seat at one of the most influential finance forums in the world. On Friday, August 15, Larry Fink, CEO of BlackRock, was appointed interim co-chair of the World Economic Forum board. Fink will share the role with André Hoffmann, vice chairman of…

A $130 million ETH purchase puts BitMine further ahead of its corporate rivals, but the influx lands just as Ethereum’s staking entry lines hit multi-day highs, squeezing validator activation timelines. Now, the question isn’t just who’s buying, it’s who can even move their coins anymore. Summary BitMine purchased $130 million in ETH, increasing its corporate holdings to 1.15M ETH. Ethereum validator queues hit multi-day highs, delaying staking entry and exit timelines. Meanwhile, South Korean retail investors are shifting from Tesla and tech stocks into BitMine and other crypto-related equities. On August 15, a wallet tagged as belonging to BitMine received…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. SOL eyes $400 with ETF buzz and upgrades, but under-a-penny LILPEPE steals speculative spotlight. Summary LILPEPE presale nears sellout with $17m raised and aiming for up to 10,000% gains post-listing. At under $0.01, it offers locked liquidity, no tax, fixed supply, and CertiK-audited code. Outpacing many memecoins, LILPEPE’s tiered presale builds long-term holder confidence and demand. After weathering the 2022 storm, an Ethereum challenger has been quietly, then rapidly, winning back momentum, racing ahead of most dominant L1 ecosystems…

The man behind Sheep Marketplace, a defunct darknet hub, now faces fresh charges after allegedly funneling $45 million in Bitcoin to Czech officials in the justice ministry. Prosecutors confirm the probe covers money laundering and illegal drug operations, signaling a complex criminal web. Summary Czech police arrest Tomáš Jiřikovský, former darknet operator, over a $45M Bitcoin donation linked to the Ministry of Justice. Authorities investigate money laundering and illegal drug operations connected to the donation. Former Justice Minister Pavel Blažek resigned in June amid the scandal. According to a local report from Deník N, Czech police stormed the Břeclav residence…

Miomi Game, a web3 esports platform launched on multiple blockchain across the ecosystem, has integrated Polygon to bring gaming prizes in Agora’s stablecoin AUSD to players. Summary esports platform Miomi Game has added support for Agora stablecoin AUSD on Polygon. The web3 platform will tap into the stablecoin for crypto prizes. Miomi Game recently integrated Tether (USDT) on Manta Network. The esports online arena announced the integration with Polygon on Friday, and eyes fast, low-cost, and secure transactions for players. With this move, Miomi Game players can now create, join matches and win using AUSD on the Polygon network AUSD…

After a brutal $1 billion liquidation wave knocked XRP to weekly lows, late-session buying suggests whales are reloading. Analysts now see the dip as a shakeout, with the next leg potentially catapulting prices toward $5 amid weakening sell pressure. Summary XRP rebounds from $3.05 after a $1 billion crypto market liquidation, with whale accumulation suggesting a potential breakout toward $5. Analysts highlight a bullish flag pattern on the daily chart, but price must reclaim $3.13 resistance amid macroeconomic headwinds. Institutional support and Ripple CTO’s remarks on XRP Ledger utility help underpin sentiment despite broader market volatility. On August 15, a…