Bitcoin exchange reserves drop to a seven-year low, signaling a potential supply shock as institutional buying from ETFs continues. Key takeaways: Bitcoin’s percent supply on exchanges has dropped below 15% for the first time since 2018. Depleting exchange supply and OTC balances, pointing to “supply shock” and long-term accumulation. Read more
Pi price turned bearish after key updates failed to boost momentum. A rebound from $0.47 is possible, but $0.66 remains a strong resistance level to clear. Key points: The recent announcement of two major features has failed to arrest the fall in PI price, but a bounce could start from $0.47. Pi (PI) announced the release of two major features on Friday, but the news has failed to ignite the markets. Read more
Protect Progress, an affiliate of the cryptocurrency-backed Fairshake PAC, spent more than $1 million on media buys to support Democratic candidate James Walkinshaw. James Walkinshaw, a Democratic candidate seeking to replace the late Representative Gerry Connolly for Virginia’s 11th Congressional District, won a party primary after a cryptocurrency-backed political action committee (PAC) spent more than $1 million to support his race. On Saturday, Democrats in Virginia’s 11th district held a firehouse primary to decide on a possible replacement for Connolly after his death while in office. A special election to determine who will represent the district will be held on Sept. 9. Walkinshaw beat out other candidates to become the Democratic nominee for the House seat, and the cryptocurrency industry may have played a role in his success, given reports of media buys by the Protect Progress PAC. According to Federal Election Commission filings, the committee spent more than $1 million to support Walkinshaw in Jun...
Marketed with Trump’s name but lacking a white paper or utility, the TRUMP token surged to a multibillion-dollar valuation before crashing. The Trump-themed memecoin surged to a multibillion-dollar valuation despite lacking a white paper, a roadmap or a clear purpose beyond speculation. Launched on Jan. 17, 2025, on the Solana blockchain, the TRUMP memecoin quickly became one of the most controversial political tokens to date. Though marketed with Donald Trump’s name, the project initially disclaimed any political or financial purpose. Read more
Crypto hacks underscore the urgent need for CEXs and DeFi to overhaul their security, collaborate on risk management and embrace self-regulation. Opinion by: Orest Gavryliak, chief legal officer, 1inch Labs The Bybit breach in February smashed the record for the biggest hack in crypto history. More than $1.4 billion was stolen by North Korean cybercriminals in the blink of an eye, with the audacious heist making headline news around the world. Now, as TRM Labs reports, $2.1 billion worth of crypto has been lost to attacks in the first half of 2025. That’s an exorbitant amount of money, and yet, the hacks seem set to continue. Read more
Moody’s and Alphaledger’s pilot on Solana shows how traditional credit ratings can be embedded directly into tokenized bonds. Often touted as a next-gen alternative to Ethereum or Bitcoin, the Solana blockchain is now making headlines for a very different reason: onchain credit ratings. In June 2025, Moody’s teamed up with a fintech startup called Alphaledger to run a pilot program to explore how traditional credit ratings could be integrated into blockchain systems. Here’s what they did: Read more