Author: James Wilson

Solana could be on the verge of a rally to $164 soon as it looks poised to break out of a popular bullish pattern, according to an analyst. According to a July 9 post on X by analyst Ali, Solana has formed a symmetrical triangle pattern on the 4-hour chart, characterized by two converging trendlines representing lower highs and higher lows. Such a pattern suggests a period of price consolidation that typically culminates in a breakout in either direction. Ali noted that a confirmed breakout above the upper boundary of the pattern, located near the $153 resistance level, could trigger…

GMGN is offering users who suffer sandwich attacks under the platform’s new MEV protection feature can receive compensation for losses. In a recent post, GMGN co-founder Haze highlighted the increase in malicious attacks on the platform due to Maximal Extractable Value-powered bots. Due to the influx, Haze said that the platform has installed a new MEV-protection feature to help its users stay safe from attacks. However, Haze also acknowledged that the system is not perfect. Therefore, the co-founder urged users to reach out to the team if they are still suffering from attacks even with the security system in place.…

As Bitcoin treasury companies are becoming the new initial coin offerings, people are starting to remember how it all ended in 2018. While ICOs and Bitcoin treasury companies are definitely not the same, critics outline some similarities. More than that, recently, the CEO of the treasury company Nakamoto, David Bailey, compared his business to “the early day ICOs.” Calling something a bubble until it bursts may not be correct, but it is possible to point out similarities and differences between ICOs and treasuries to test the potential future of the latter. The rise of Bitcoin treasury companies MicroStrategy was founded…

Uniswap’s token price has rebounded over the past three months, but technical indicators suggest a potential pullback. Uniswap (UNI) rose to $7.5485 on July 8, up 67% from its lowest level in April, valuing it at $4.7 billion.  On-chain data shows UNI supply on exchanges climbed to 85.6 million, the highest level since June 5. This is up from 82.1 million last month and a year-to-date low of 69.27 million. Rising exchange balances typically signal that holders are preparing to sell, increasing downside risk. UNI exchange holdings | Source: Santiment On the positive side, Unichain, the layer-2 network launched in…

Fartcoin continues to consolidate between key technical levels, with price action remaining range-bound and directionless. As long as the current structure holds, traders can expect more sideways movement until a breakout or breakdown occurs. This current range-bound behavior on Fartcoin (FARTCOIN) reflects indecision in the market. It is trading near its Point of Control, the zone of highest volume activity, which tends to act as a magnet for price action in the absence of clear momentum. As long as neither boundary is breached, the token is likely to remain locked within this oscillating structure. Key technical points Major Resistance: $1.45 marks…

After a recent ban on PancakeSwap, Turkish regulators may soon crack down on other DeFi services and wallets. Turkey’s recent ban on PancakeSwap (CAKE) decentralized exchange brought concerns that other DeFi services may follow. A recent panel by regulators, during the Istanbul Blockchain Week, suggested that this may be the case. In a transcript shared with crypto.news, regulators outlined the new criteria for enforcement, which also apply to DeFi services. Under the new framework, DEXs and even non-custodial wallets would be required to follow the same rules as centralized services. Still, this does not mean that all such services would…

Amp crypto price has plunged and entered a bear market this year, mirroring the performance of most altcoins.  Amp (AMP) dropped to $0.0033 on Tuesday, down by over 77% from its highest level in November last year. Its market cap has slipped from over $965 million to $283 million today.  A potential reason why Amp has plunged is that the total value locked on Flexa has been in a free fall this year. It has dropped to $20.8 million, down from the year-to-date high of $295 million.  Activity on the Flexa Network is critical for Amp, as the token provides…

Nasdaq-listed medical device technology firm BioSig Technologies and real-world asset tokenization company Streamex are looking to raise up to $1.1 billion in financing to launch a gold-backed treasury management strategy powered by Solana. BioSig and Streamex said in a press release on July 8 that the companies have entered into a definitive agreement that will see them raise up to $1.1 billion from a leading institutional investor.  Streamex & BioSig plan to raise the funds via a debenture, offering the sale of $100 million in senior secured convertible notes and equity line of credit of up to $1 billion. The…

In just three weeks, SharpLink’s ETH-per-share exposure jumped from 2.00 to 2.37. Once known for sports betting tech, the company is now setting institutional benchmarks in crypto treasury management, staking every coin, tracking exposure, and raising the bar. In a press release dated July 8, Minneapolis-based iGaming giant SharpLink Gaming said it now holds 205,634 Ethereum (ETH) tokens on its balance sheet, after purchasing another 7,689 ETH in the first week of July at an average price of $2,501 per token. SharpLink’s aggressive crypto pivot earlier this year saw it acquire 176,270.69 ETH, worth approximately $463 million at the time,…

Perpetual futures see over $100 billion in daily trading volume, yet most platforms still cater to pros. Phantom’s mobile-first approach could be the bridge or the breaking point for retail adoption. On July 8, Phantom, the crypto wallet best known for its seamless Solana and Ethereum integrations, rolled out perpetual futures trading directly within its app. Unlike traditional perps platforms that overwhelm users with complex order books and advanced charting tools, Phantom’s implementation strips derivatives trading down to its basics, letting users open leveraged positions in a few taps, right next to their NFT collections and token balances. The feature,…