World Liberty Financial investor Aqua1’s response to journalist Jacob Silverman skirts the central issue: Is the company truly unrelated to Web3Port? Aqua1 Foundation said it operates independently in response to a report by journalist Jacob Silverman that suggested possible ties to controversial market maker Web3Port, but left important questions unanswered. On Monday, Silverman published his investigation, which claims to have found connections between Aqua1 Foundation and Web3Port through shared web hosting and overlapping personnel. The reporter added that Aqua1’s founder, who goes by Dave Lee on X, is actually David Li, whose profile on outreach platform ContactOut lists him as a partner and senior project manager at Web3Port. Aqua1 Foundation came under the spotlight in late June after it purchased $100 million worth of governance tokens from World Liberty Financial, a crypto project backed by US President Donald Trump and his family. The investigation raised concerns that the entity supporting the pres...
ARK’s latest Bitcoin ETF sale came shortly after ARKB hit a new all-time high above $39 in early July, equivalent to nearly $118 on a pre-split basis. Cathie Wood’s ARK Invest has offloaded its largest amount of shares in its spot Bitcoin ETF since the fund’s mid-June stock split. ARK offloaded 225,742 shares of the ARK 21Shares Bitcoin ETF (ARKB) from its ARK Next Generation Internet (ARKW) on Tuesday, according to a trade notification seen by Cointelegraph. The sale netted $8.7 million based on ARKB’s closing price of $38.70 on Tuesday, marking ARK’s largest single-day sale of ARKB shares on record. Read more
ETH continues to show strength after breaking $3,000 and Ethereum bulls have highs hopes of five-digit prices between $15,000 and $30,000 as the top for this cycle. Key takeaways: Ether’s open interest has rallied 64% since June 22 to a record high of $46 billion. Analysts say ETH could reach as high as $30,000 this cycle, with the near-term target at $4,000. Read more
New BIP proposes phasing out legacy Bitcoin signature schemes to prevent catastrophic losses if quantum computers break existing cryptography. A new Bitcoin Improvement Proposal (BIP) aims to tackle the threat posed by quantum computers by phasing out Bitcoin’s legacy signature schemes, which can be vulnerable to quantum attacks, in favor of quantum-resistant alternatives. The proposal, titled “Post Quantum Migration and Legacy Signature Sunset,” was drafted earlier this week by a group of cryptography and blockchain experts, including American software engineer Jameson Lopp and BitcoinQS founder Christian Papathanasiou. While quantum computers powerful enough to crack Bitcoin’s cryptography are not yet here, recent developments have narrowed the window. Some academic forecasts suggest quantum machines capable of threatening Bitcoin (BTC) could arrive as early as 2027 to 2030, per McKinsey. Read more