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Hyperliquid: 16z-linked wallet deposits $30mln HYPE – What next?
Hyperliquid’s attempted rebound collapsed after the altcoin faced rejection at $68. HYPE subsequently breached the $60 support and fell as low as $58. At press time, HYPE traded at $59 after declining 11.2% over 24 hours. It was also down 12% weekly. Meanwhile, trading volume jumped 36% to $561 million, reflecting increased activity during the…
Senate Democrats Demand National Security Probe of Trump Crypto Holdings
Senate Democrats have demanded committee hearings into the national security risks posed by President Donald Trump’s crypto holdings, citing new disclosures that unnamed third parties hold a stake in his family’s crypto firm. The July 10 statement was issued by the ranking members of five Senate committees. They asked their respective panels to examine whether…
Kraken’s UK Setup Shows Why Crypto Regulation Is More Complicated Than A Simple License
Kraken’s UK presence is a good example of how crypto regulation actually works in practice: not as one broad approval, but as a patchwork of registrations, permissions, services, and limits. The exchange operates in the UK through several FCA-regulated entities. Payward Limited is listed as a registered cryptoasset business for anti-money laundering purposes. Payward Services…
BitMine Stock Slides Despite $73M Ethereum Treasury Purchase
BitMine Immersion Technologies has added a major Ethereum position to its balance sheet, but the market reaction shows investors are not automatically rewarding every corporate crypto treasury move. The company disclosed the purchase of 42,197 ETH, valued at roughly $73 million, in a July 16 SEC filing. The acquisition expands BitMine’s Ethereum treasury strategy at…
Elizabeth Warren Claims Clarity Act Would Help Trump
Democratic Senator Elizabeth Warren has blasted the Clarity Act draft bill, claiming it would allow criminals and cartels to move money. Speaking in a video statement on X Wednesday, Warren hinted that the potential law would allow President Donald Trump to make money from crypto. Lawmakers are currently mulling over the latest draft of the…
Bonzo Lend’s total value locked plunges 77% as $9 million oracle exploit rattles Hedera
Bonzo Lend, a decentralized lending protocol on the Hedera network, suffered an estimated $9.05 million loss after an attacker exploited a verification flaw in a third-party Supra oracle contract, allowing them to borrow assets far exceeding the value of their collateral. The attacker deposited 250 SAUCE tokens with little value, before submitting a manipulated price…
