Author: James Wilson

Weeks after outlining a bold plan to acquire up to $1B in BNB, Nano Labs has made its opening move. The $50 million transaction was executed off-exchange, signaling careful accumulation and a long game with potential macro implications for BNB liquidity. In a press release on July 3, Nasdaq-listed Nano Labs confirmed it had purchased 74,315 BNB (BNB) tokens in an over-the-counter (OTC) deal, paying an average price of $672.45 per token. The transaction, totaling roughly $50 million, boosts the company’s combined crypto reserves, which include Bitcoin (BTC) and BNB, to approximately $160 million. The move marks the first major…

U.S. Senator Cynthia Lummis has introduced a cryptocurrency tax legislation proposal aimed at enacting a comprehensive digital asset tax framework in the United States. Lummis, who leads the Senate Banking Committee’s digital assets subcommittee, unveiled the crypto tax proposal on July 3, 2025, a day after it failed to make into the One Big Beautiful Bill Act as an amendment.  The Senate recently passed OBBB, President Donald Trump’s mega tax and policy bill that’s now in the final stages of House approval before it heads to the president’s desk. A digital asset tax legislation The lawmaker has now introduced the…

Tether plans to collaborate with Latin America sustainable production company Adecoagro to use renewable energy in Bitcoin mining in Brazil. Tether, the company behind the stablecoin Tether (USDT) and a major player in the crypto industry, has revealed a memorandum of understanding that will see them use renewable energy to mine Bitcoin (BTC). According to an announcement, Bitcoin mining is increasingly becoming a key tool in monetizing surplus energy. The benefits also include helping stabilize power grids and advancing the adoption of decentralized networks.  Bitcoin mining and BTC long term value Partnering with Tether will allow the South American agribusiness…

Bitget Wallet is offering TRC‑20 USDT transfers at half cost in a new promotion, with the first transfer free. Bitget Wallet is giving users a cheaper way to send stablecoins. On Thursday, June 3, the platform announced an upgrade to its GetGas feature, cutting the cost of sending USDT across the Tron Network (TRX) in half. In addition, the wallet will offer a gas-free transfer for the first transaction. According to the Bitget Wallet team, the app is now the most efficient option among major wallets for USDT transactions. The team explains that this is part of its strategy to…

WhiteRock’s native token has plunged nearly 25% in the past 24 hours amid reports that its founder, Ildar Ilham, has been arrested in the United Arab Emirates. The price of WhiteRock (WHITE), the token that powers the on-chain brokerage for tokenized equities and bonds, fell sharply following reports of Ilham’s arrest. Blockchain sleuth ZachXBT, who previously highlighted a possible link between the WhiteRock founder and the $30 million Zkasino exit scam, also posted an update of Ilham’s detention in the UAE. A news report shared by the analyst indicates that law enforcement are holding a 21-year-old Norwegian man in connection…

In June, crypto markets rose modestly, but stablecoins were the big winners, according to a report by Binance Research. Markets remained bullish but volatile throughout the month, while stablecoins became a focal point. On Thursday, July 3, Binance Research published a report outlining key trends from the past month. Most notably, stablecoin volume reached $253.7 billion, as landmark legislation passed the U.S. Senate. The passage of the Genius Act in the Senate was a major catalyst that drove stablecoin adoption. The act brings stablecoins into a regulated framework, prompting more companies to enter the space. Circle’s USDC led the charge,…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A crypto whale who turned $100m with Solana is now betting big on XYZVerse, a $0.0033 memecoin he believes could surge 9,000% in 2025. A seasoned cryptocurrency investor, known for making a fortune of $100 million with Solana, has set his sights on a tiny memecoin valued at just $0.003333. He predicts it could soar by 9000%. This bold forecast has caught the attention of many, sparking curiosity about this overlooked digital asset. XYZVerse price forecast: Can it really…

The S&P 500 hit a new record high while the Dow Jones Industrial Average opened higher on Thursday, July 3, as U.S. stocks climbed following a positive market reaction to the latest jobs data. As investors digested the non-farm payrolls report, the Dow opened more than 100 points higher, with both the S&P 500 and Nasdaq Composite edging up to fresh all-time highs. The S&P 500 was up nearly 0.5% in early trading, while the Nasdaq Composite had added 0.6%. The gains followed upward momentum in the futures market, where the benchmark S&P 500 hovered near its previous record. The…

YZi Labs is now part of a growing alliance of regulated and crypto-native players funding Digital Asset’s Canton Network, a blockchain aiming to merge Wall Street-scale operations with on-chain privacy and composability. On July 3, YZi Labs, the venture capital and incubation firm formerly known as Binance Labs, announced its participation in Digital Asset’s $135 million Series E round, which attracted Wall Street heavyweights like Goldman Sachs, Citadel Securities, and DTCC. The investment, following Digital Asset’s initial June 24 funding reveal, positions YZi Labs alongside traditional finance’s most influential institutions in backing the Canton Network, a public Layer 1 blockchain…

Strategy’s high-stakes bet on Bitcoin has earned praise across the industry, but that same bold mission may now be brewing legal troubles for the firm. A class-action lawsuit filed in the U.S. District Court for the Eastern District of Virginia is targeting the company and some of its top executives, including founder and executive chairman Michael Saylor.  The suit represents investors who bought Strategy stock between April 30, 2024, and April 4, 2025, with plaintiffs alleging that the company misled shareholders about the risks and financial impact of its Bitcoin strategy.  Since rebranding as a “Bitcoin Treasury Company,” Strategy has…