Web3 pump-and-dump schemes thrive on hype, anonymity, and unregulated markets; understanding their playbook is key to avoiding costly traps. Pump-and-dump schemes in Web3 manipulate a cryptocurrency’s price through coordinated buying along with misleading information and hype to lure investors in before a mass selling of a token, leaving it almost worthless. Decentralized anonymity and 24/7 unregulated trading make the industry particularly vulnerable to these manipulative investment schemes. A pump-and-dump follows four stages, including the token prelaunch, promotional hype building at launch, price pumping through buying action and a coordinated sell-off by orchestrators running off with profits. Read more
Former UK Chancellor and current Coinbase adviser George Osborne says the UK is falling behind in the cryptocurrency market, particularly when it comes to stablecoins. The United Kingdom is falling behind in the digital asset market, particularly in the area of stablecoins, despite the technology’s potential to help the country preserve its leading role in global financial services. That was a central message in a recent Financial Times op-ed by George Osborne, the former UK chancellor turned crypto lobbyist, who joined Coinbase as an adviser last year. “What I see makes me anxious. Far from being an early adopter, we have allowed ourselves to be left behind,” Osborne wrote, referring to his native UK. Read more
Bitcoin is trying to start a recovery from $112,000, but bears may pose a substantial challenge at $117,000 and then at $120,000. Key points: Bitcoin is trying to take support near $112,000, but higher levels are likely to attract selling by the bears. The deep pullback in several altcoins suggests the next leg of the up move may not happen in a hurry. Read more
The digital exchange operator and media company is eyeing an initial public offering of between $28 and $31 per share, regulatory filings show. Cryptocurrency exchange operator and media company Bullish plans to raise between $568 million and $629 million in a US initial public offering (IPO), having already drawn interest from major institutional investors. Just weeks after its initial IPO submission, Bullish submitted an updated F-1 document with the US Securities and Exchange Commission (SEC), outlining plans to issue 20.3 million shares, potentially valuing the company at up to $4.2 billion. If the IPO is approved, Bullish shares could begin trading as early as Aug. 12. Read more
Ether faces weak institutional demand and lacks catalysts, keeping ETH price tied to broader altcoin trends and economic uncertainty. Key takeaways: Ether’s futures and options data signal neutral‑to‑bearish sentiment despite recent price recovery. Institutional ETF outflows and a lack of catalysts keep ETH from breaking $3,800. Read more