Author: James Wilson

FTX has scheduled its fifth creditor distribution for July 31, preparing to return nearly $900 million as founder Sam Bankman-Fried’s efforts to secure clemency face political resistance. Summary FTX will begin its fifth creditor distribution, worth nearly $900 million, on July 31. Preferred shareholders will receive another $18 million, lifting total trust payments to $95 million. SBF’s pardon campaign faces resistance as criminal cases linked to FTX continue. According to an FTX press release, the bankrupt exchange will distribute funds to creditors with approved claims in the Convenience and Non-Convenience Classes under its Chapter 11 reorganization plan. Claimants must have…

China’s Kimi K3 has climbed to first place on the Frontend Code Arena, prompting former White House crypto czar David Sacks to warn that US regulation could weaken America’s position in the AI race. Summary Kimi K3 topped the Frontend Code Arena and posted strong results across other AI benchmarks. David Sacks warned that strict US rules could weaken America’s position against China. Moonshot AI plans to release Kimi K3’s open weights by July 27. Sacks described the benchmark result as concerning because Kimi K3 also performed close to leading models across several other evaluations. He argued that restrictions on…

Dogecoin price has fallen 3.17% to $0.071 on July 17 as its exchange-traded funds completed one month without recording fresh inflows. Summary Dogecoin price fell 3.17% to $0.071 as its ETFs completed one month without fresh inflows. T. Rowe Price allocated 1.28% of its new active crypto ETF to DOGE. A break below $0.0711 could expose Dogecoin to declines toward $0.070 and $0.068. SoSoValue data shows that U.S. Dogecoin ETFs attracted no new capital between June 17 and July 17, despite the meme coin gaining additional exposure through T. Rowe Price’s newly launched active crypto fund. The products also posted…

Morgan Stanley has completed the rollout of Bitcoin, Ethereum, and Solana trading on E*TRADE, charging eligible clients a 0.50% fee on each transaction. Summary E*TRADE now allows eligible clients to trade Bitcoin, Ethereum, and Solana for a 0.50% fee. Morgan Stanley plans crypto transfers and a move to its Digital Trust bank later this year. The rollout complements Morgan Stanley’s Bitcoin holdings, crypto ETFs and Galaxy Digital lending arrangement. E*TRADE announced in a press release that supported customers can now buy, sell and hold the three digital assets directly through its brokerage platform. Zerohash provides the underlying crypto infrastructure and…

Solana price has fallen nearly 4% to about $74 after a rejection near $77, as a global technology sell-off and leveraged long liquidations have pushed traders toward caution. Summary Solana price tests $74 support after losing its rising trendline and facing weak four-hour momentum. A recovery above $76.50 could trigger short liquidations and drive SOL toward $78–$80. Losing $74 would expose the daily Supertrend support at $69.60 and deepen downside risks. According to data from crypto.news, Solana (SOL) price extended its decline on July 17 after failing to hold above the $76.50–$77 resistance area. Selling accelerated as semiconductor shares led…

Ethereum price has fallen as much as 3.5% to $1,820 on July 17 after its latest rally stalled below $2,000 and weak Democratic support for the CLARITY Act hurt sentiment across the crypto market. Summary Ethereum price fell 3.5% after its latest rally failed to break the $2,000 resistance. Weak Democratic support for the CLARITY Act hurt sentiment and triggered leveraged liquidations. ETH must reclaim $1,875, while a break below $1,800 risks deeper losses. According to data from crypto.news, Ethereum (ETH) later recovered to around $1,835, but sellers erased most of the gains recorded during its push to $1,940 earlier…

In one week of July 2025, the House passed three crypto bills. One is law. One is law by accident and the President will not sign it. The third has not had a Senate vote in 365 days, and it was supposed to be the important one. Summary On July 17, 2025, the House passed the CLARITY Act 294-134 with more than 70 Democrats crossing over, the strongest congressional endorsement of digital asset legislation in American history. It has not received a Senate floor vote in the year since. It was the middle bill of Crypto Week, when the House…

Taiwan has sentenced the alleged mastermind behind the BitShine crypto exchange to 22 years in prison after finding he led a fraud and money laundering operation that prosecutors said caused more than NT$1.27 billion ($39 million) in losses to over 1,500 victims. Summary A Taiwan court has sentenced the BitShine crypto exchange ringleader to 22 years in prison over a NT$1.27 billion fraud and money laundering scheme. Prosecutors said more than 1,500 victims were defrauded after funds were converted into USDT and moved overseas through the exchange. The ruling comes after Taiwan approved a new licensing framework that strengthens oversight…

Bitcoin Ordinals advocate Leonidas has proposed a new open-source Bitcoin client that would raise transaction size limits and reduce the dust threshold, seeking to remove policy restrictions affecting Ordinals and Runes transactions. Summary Leonidas has proposed a new Bitcoin client that raises transaction size limits and lowers the dust threshold for Ordinals and Runes. Bitcoin $DOG Mode is intended to remove policy restrictions enforced by Bitcoin Core and Bitcoin Knots rather than Bitcoin consensus rules. The proposal comes months after Ord.io shut down, as Leonidas continues to push for wider support for Bitcoin native digital assets. In a Friday post…

Bitcoin and Ethereum options worth about $1.43 billion expired on July 17 as crypto markets remained within established trading ranges.  Summary Bitcoin options worth $1.2 billion expired as BTC remained inside its month-long trading range Friday. Ethereum’s 1.61 put-call ratio showed persistent demand for puts as traders remained sharply divided Friday. Greeks.live said bullish block trades increased, while overall options activity stayed muted amid low volatility. According to Greeks.live data, 19,000 Bitcoin options worth $1.2 billion expired with a put-call ratio of 0.9 and a maximum pain point of $63,000. Meanwhile, 123,000 Ethereum options worth $230 million expired with a…