Author: James Wilson
Litecoin surged 9.66% in an impressive breakout but has since faced rejection at a key high time frame resistance. The move now sets up a potential range-bound structure between support and resistance. Summary Litecoin surged nearly 10% before getting rejected at the $130 resistance level. Price is now range-bound, with key support near the point of control and a bullish structure still intact. Holding support could spark another breakout; losing it may lead to extended consolidation. Following its recent rally, Litecoin (LTC) has hit a technical ceiling near $130, an area that previously acted as major resistance on higher time…
Galaxy Digital is once again in the black, largely due to appreciation of its crypto holdings. Summary Galaxy Digital reported $30.7 million in profits The company acquired 4,272 bitcoins in 2025 Its Bitcoin holdings are now worth $48 million After a brutal Q1 loss of $295 million, Galaxy Digital is once again turning a profit. On Tuesday, August 5, the digital assets firm founded by Mike Novogratz announced its quarterly earnings results. During the second quarter of 2025, Galaxy Digital reported $30.7 million in profits and $0.08 in earnings per share. The company’s adjusted earnings before interest, taxes, depreciation, and…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Perpetual futures have become the top choice for traders across markets, with a constantly growing multitrillion-dollar total volume. This instrument is known to provide traders with greater flexibility in managing positions and responding to rapidly changing markets. However, perpetual futures may represent another challenge to TradFi and financial regulators, already facing increasing pressure from the ongoing global unification of crypto legislation. Summary Perpetual futures are outpacing traditional contracts, offering 24/7 trading, leverage, and asset-agnostic access across crypto,…
SUP, the native token of meme-perp app Superp, will be listed on multiple exchanges today, including Binance Alpha and Bitget. Summary SUP, the native token of Superp, is set to debut on Binance Alpha today at 10:00 AM UTC, followed by listings on Bitget, KuCoin, and MEXC an hour later. A total of 1 billion SUP tokens will be minted at TGE, with 5% allocated for airdrops. Formerly known as Vanilla Finance, Superp is a meme-focused perpetual DEX on BNB Chain. In an official X announcement, Binance said it would list SUP for trading on Binance Alpha, a spotlight section…
Ethereum rallied past $3,700 earlier on Aug. 5 as whale and institutional accumulation intensified. Can it recover back above $3,800 by the end of the week? Summary Ethereum remains 148% above its year-to-date low despite recent volatility. New whale wallets have scooped up over $3 billion in two days. Macro uncertainty and ETF outflows continue to cap upside momentum for ETH. According to data from crypto.news Ethereum (ETH), the leading altcoin by market cap, rose 5.7% to an intraday high of $3,730 on Tuesday, Aug. 5, before settling back at $3,650 at press time. Its price is currently 148% above…
North Korean IT workers are using fake identities to infiltrate crypto firms and steal millions worth of digital assets through remote job scams, cybersecurity researchers at Google Cloud and Wiz have warned. Summary North Korean threat actor UNC4899 operatives are increasingly targeting crypto companies. Both Google Cloud and AWS environments have been exploited by the group in multi-million dollar crypto thefts. Separate reports published by the firms have tracked UNC4899, also known as TraderTraitor, a North Korean threat group tied to the country’s military intelligence. According to Google Cloud’s H2 2025 Cloud Threat Horizons Report, UNC4899 operates under the Reconnaissance…
The U.S. Securities and Exchange Commission has issued interim guidance allowing certain U.S. dollar-backed stablecoins to be treated as cash equivalents on corporate balance sheets. Summary SEC permits qualifying USD stablecoins to be reported as cash equivalents. Applies only to fully backed, redeemable tokens with 1:1 pegs. Complements GENIUS Act and broader reforms under SEC Chair Paul Atkins. Reported on Aug. 5 by Bloomberg Tax, the guidance is a part of a wider initiative led by SEC Chair Paul Atkins to modernize cryptocurrency regulation. Stablecoins that qualify under this guidance must meet strict criteria such as full backing by cash…
The U.S. Commodity Futures Trading Commission will allow spot crypto contracts to trade on federally registered exchanges, a landmark step to bring digital asset markets under direct federal oversight. Summary The CFTC will allow trading of spot crypto contracts on federally regulated exchanges under its new “Crypto Sprint.” Contracts will settle in actual digital assets like BTC and ETH, improving market transparency and compliance. The initiative complements SEC efforts and could shift volumes from offshore venues to U.S. platforms. The announcement, published Aug. 4 on the CFTC’s website, is part of the agency’s new “Crypto Sprint” initiative and aligns with…
Nexus Mutual has transferred $250,000 to reimburse users caught in Arcadia Finance’s $3.5 million exploit, marking one of Base blockchain’s first major insurance settlements. The payout arrives as Arcadia’s own recovery plan remains weeks from implementation. Summary Nexus Mutual paid $250,000 to victims of Arcadia Finance’s $3.5 million hack, marking one of Base chain’s first major insurance settlements. The payout offers early restitution ahead of Arcadia’s own delayed recovery plan based on “Recovery Tokens.” On August 4, crypto insurance alternative Nexus Mutual announced it had paid out $250,000 to users impacted by the July 15 Arcadia Finance exploit on Base,…
MemeCore has surged 24.14%, confirming a breakout above a key range high. The move signals an active bullish Elliott Wave count with further upside in play if key levels hold. Summary MemeCore is in Wave 3 of a bullish Elliott Wave sequence targeting $0.77. $0.62 is the key resistance to flip for continuation. $0.52 serves as the ideal corrective support if Wave 4 begins. After trading sideways for weeks, MemeCore has now confirmed a structural breakout with strong impulsive momentum. The price held a critical support zone before launching into a rally that now challenges major resistance. Technical confluence supports…