Author: James Wilson
Western Union CEO Devin McGranahan views the growing stablecoin adoption wave as an opportunity, despite concerns held by traditional banking institutions that view it as a threat. In an interview with Bloomberg, McGranahan highlighted the opportunities presented by the global stablecoin movement. His beliefs come amidst fears and concerns from traditional financial institutions that view stablecoins as a threat to the monetary system if not regulated properly. One of the benefits of using stablecoin that he believes could particularly strengthen the payment service sector is its usage when it comes to moving funds around the world at a speed that…
Bitcoin is quietly making its way onto the balance sheets of European companies as corporate interest across the region continues to grow. Fragbite Group AB, a digital entertainment company listed in the EU, has made its first move into Bitcoin (BTC). The company confirmed on July 22 that it purchased 4.3 BTC at an average price of around $112,958 per coin, marking the start of its newly established Bitcoin Treasury. The purchase, worth roughly $486,000, is part of a strategy to invest surplus liquidity into Bitcoin as a store of value and to reinforce the company’s capital structure. Fragbite said…
The Ether Machine, Inc. has announced its planned entry into public markets with over $1.5 billion in fully committed capital. According to a July 21 press release, the company will go public through a business combination with Dynamix Corporation and is expected to begin trading under the ticker “ETHM” later this year. The transaction includes an anchor investment of approximately $645 million in Ethereum (ETH) from co-founder and chairman Andrew Keys, alongside over $800 million in equity commitments from institutional investors such as Kraken, Pantera Capital, Blockchain.com, Electric Capital, 1Roundtable/10T Holdings, Archetype, and cyber•Fund. Upon closing, the Ether Machine will…
Kaito, the AI-powered crypto data platform, has announced the launch of its Capital Launchpad, a new community-oriented crowdfunding platform set to go live later this week. According to a July 21 post on X, Capital Launchpad is designed to connect communities with early-stage crypto projects through a structured and transparent allocation process. It builds on Kaito’s (KAITO) existing tools, which include social graph mapping, sentiment analytics, and community engagement tracking. Instead of using a first-come, first-served strategy, the platform will allow projects to distribute funds according to several criteria. These include social reputation, regional affiliation, onchain activity, and long-term alignment…
As Tron founder Justin Sun prepares to cross the Kármán line, he joins a diverse team of adventurers, philanthropists, and innovators, each with a story as compelling as his $28 million charity bid that first secured his seat. On July 21, Blue Origin announced the crew for its upcoming New Shepard NS-34 mission, naming Tron founder Justin Sun among the six individuals set to cross the boundary of space. The passenger list, ranging from a meteorologist to a venture capitalist, includes J.D. Russell, Arvi Bahal, Gökhan Erdem, Deborah Martorell and Lionel Pitchford. Sun secured his seat back in 2021 with…
One DeFi user lost over $1.23 million after falling victim to a scam that utilizes Google Ads to promote fraudulent websites. Crypto scams are becoming increasingly rampant, and major platforms appear to be doing insufficiently to prevent them. On Monday, July 21, one DeFi user lost over $1.23 million in Uniswap NFTs after signing a malicious transaction on a phishing website. What is worse, scam sites like these are rampant on the Google Ads platform. https://twitter.com/realScamSniffer/status/1947198066907582590 According to Scam Sniffer, the user in question accessed a phishing website meant to look the same as the Uniswap platform. Once there, they…
Sandbox is trading at a critical inflection point, showing signs of a potential trend reversal. If key resistance levels break, the price could accelerate toward the $0.60 region, driven by a classic double bottom formation. The Sandbox (SAND) is currently forming a textbook double bottom formation at the lower end of its long-term trading range. This bullish reversal pattern has the potential to mark the end of the previous downtrend and begin a new uptrend characterized by higher highs and higher lows. Price has reclaimed the point of control, which is the region with the highest traded volume, and is…
StablecoinX, a newly formed company, is poised to become the first publicly traded firm to acquire Ethena and establish a treasury strategy. StablecoinX is a new business venture formed after the merger of special-purpose acquisition company TLGY Acquisition and StablecoinX Assets Inc. The merger will see StablecoinX listed on Nasdaq Global Market with the ticker symbol USDE. According to a press release on July 21, StablecoinX has secured $360 million in a capital raise that includes $60 million in Ethena (ENA) from the Ethena Foundation. TLGY and SC Assets also attracted capital commitments from top cryptocurrency venture capital firms, with those…
Solana’s recovery coincided with a similar increase in its DeFi TVL, which reached the highest level in six months. The latest crypto bull run boosted both Solana’s (SOL) price and DeFi ecosystem. On Monday, July 21, Solana’s total market cap once again crossed $100 billion, with SOL trading at $194.62 per coin. With a market cap hovering below $105 billion, this is the highest level this metric has reached since Jan. 25 this year. Solana’s DeFi total value locked in USD | Source: DeFiLama At the same time, the increase in Solana’s price also contributed to the rising value of…
Coinbase has launched perpetual futures trading in the U.S., with eligible users in the country set to access two futures contracts as of July 21. On Monday, the exchange said U.S. users can now trade perpetual derivatives via its Coinbase Financial Markets account, initially with access to nano Bitcoin Perpetual Futures (BTC-PERP) and nano Ether Perpetual Futures (ETH-PERP). The rollout of the Commodity Futures Trading Commission-regulated crypto perpetuals comes a few weeks after Coinbase announced plans to offer the product in the U.S. Customers looking to access the futures offering on Coinbase must have an account. This is where they…