Author: James Wilson

Wormhole appears poised for a bearish reversal, with technical indicators continuing to signal weakness ahead of a Coinbase listing. In a Tuesday announcement, Coinbase confirmed it would list Wormhole (W) on July 2 as an SPL token on the Solana network. Listings on major exchanges such as Coinbase often generate short-term bullish sentiment; however, in this case, the token has failed to attract meaningful investor interest ahead of the event. This listing comes shortly after Wormhole entered into a strategic partnership with Ripple Labs to integrate multi-chain interoperability with the XRP Ledger and its EVM-compatible sidechain. By enabling cross-chain messaging,…

Circle is introducing a new cross-chain system to simplify how USDC moves across different blockchains.  According to a July 1 press release, USD Coin (USDC) stablecoin issuer Circle is preparing to roll out Gateway, a new infrastructure layer that enables instant cross-chain USDC liquidity without the need for traditional bridging.  The system aims to address the fragmentation of liquidity and user experience issues caused by isolated blockchain networks. In the current setup, users holding USDC on one network cannot access it on another without bridging. This creates friction for individuals and operational inefficiencies for businesses that have to pre-fund and…

Mining company Green Minerals has entered a structured financing agreement with LDA Capital worth 250 million Norwegian kroner. The funds will be used to boost its Bitcoin treasury. Through a press release, the deep sea mining firm has been granted a put option from LDA, which would allow the firm to issue new shares on a flexible basis based on the market conditions. Using an “at-the-market” or ATM structure, the agreement is worth a total commitment of NOK 250 million or around $25 million throughout a year-long period. Based on the agreement, the ATM structure allows Green Minerals to draw…

SEC Chairman Paul Atkins stated that the regulator remains focused on combating fraud in emerging sectors such as crypto and flaggedconcerns regarding individual access to private credit markets. In an appearance on CNBC’s “Squawk Box” on Wednesday morning, Securities and Exchange Commission Chairman Paul Atkins commented on crypto market manipulation, insider trading, and investor protection in the context of expanding private investment access. CNBC Atkins responded to a question about the lack of major insider trading cases involving cryptocurrencies, despite signs of coordinated trading activity on messaging apps such as Telegram and Signal. The discussion referenced the brief launch of…

A new report by Oobit reveals that crypto payments are on the rise in Europe, with stablecoins dominating spending habits. Retail users are increasingly turning to crypto for everyday purchases, and stablecoins are leading the charge. On June 2, Oobit released a report analyzing the crypto spending behavior of its European users. According to the data, over the past 30 days, stablecoins accounted for more than 75% of purchases made through Oobit across several EU countries. Most of the purchases fell into two categories: retail and travel. In Germany, Spain, and Poland, crypto spending was concentrated on goods from retail…

Injective is launching its native EVM testnet, allowing developers to run Ethereum-compatible apps directly on its blockchain. On July 2, Injective (INJ) announced that its native Ethereum Virtual Machine testnet will go live tomorrow, allowing developers to run Ethereum-compatible decentralized applications directly on its Layer 1 blockchain. The launch follows the company’s January announcement about integrating a native EVM to expand its smart contract capabilities and improve interoperability with the Ethereum (ETH) ecosystem. The native EVM is fully integrated into Injective’s core architecture, enabling seamless execution of Ethereum smart contracts without relying on external interoperability layers. “Unlike rollups or external…

Circle’s stock price has pulled back in recent days as post-initial public offering momentum faded. Circle Internet is trading at $192, down over 35% from its June peak, cutting its valuation from $70 billion to $42 billion. Several factors have contributed to CRCL’s loss of momentum. First, the decline followed a downgrade from JPMorgan, the bank that led its IPO. The firm initiated coverage with a neutral rating and set a price target of $80, well below current levels. Second, concerns are growing that Circle is significantly overvalued. Its market capitalization is about $20 billion below USDC’s $62 billion valuation…

North Korean hackers are using increasingly creative methods to infiltrate the crypto industry, exposing a significant and growing risk factor. Hackers sponsored by the North Korean regime represent some of the most serious cybersecurity threats in the digital asset space. On Wednesday, June 2, crypto investigator ZachXBT suggested that North Korean operatives may have already infiltrated between 345 and 920 jobs in the crypto industry. 1/ My recent investigation uncovered more than $16.58M in payments since January 1, 2025 or $2.76M per month has been sent to North Korean IT workers hired as developers at various projects & companies. To…

Over the past 24 hours, Ethereum has rejected from its $2,550 resistance zone, triggering a structural breakdown. This region includes the 0.618 Fibonacci retracement, the point of control, and a major high time frame resistance level that has held for more than a week. If momentum fails to return, Ethereum may be setting up for a deeper rotation toward $2,220. Ethereum’s (ETH) recent attempt to push beyond $2,550 has once again failed, reinforcing this level as a key battleground for bulls and bears. The rejection has resulted in a short-term market structure break and the formation of a new local…

Behind the scenes, JPMorgan’s blockchain arm is working on a radical idea: converting carbon offsets into digital assets. The move could bring Wall Street-level efficiency to a market still burdened by manual processes and unreliable record-keeping. On July 2nd, Bloomberg reported that JPMorgan’s blockchain unit, Kinexys, is partnering with S&P Global Commodity Insights, EcoRegistry, and the International Carbon Registry to pilot a tokenization system for carbon credits. The trial converts registry-held carbon credits into blockchain tokens, testing whether distributed ledgers can clean up the market’s paper trail. The goal is to eliminate double-counting and fraud, long-standing issues that have plagued…