Author: James Wilson

The U.S. Department of Justice has launched a forfeiture action to recover nearly $2.3 million worth of Bitcoin tied to a new ransomware group dubbed Chaos. Summary A civil complaint has been filed to forfeit over $2.3 million in Bitcoin tied to a Chaos ransomware group member. The FBI seized the funds in April this year from a wallet controlled by an individual known as “Hors.” Chaos is a ransomware-as-a-service group, reportedly active since February 2025. Chaos is a recently identified ransomware-as-a-service operation. First spotted in early 2025 by researchers at Cybersecurity firm Cisco Talos, the group is known for…

Just days after making one of the biggest Bitcoin dumps in history, Galaxy Digital’s wallets are stirring again.  Summary Galaxy Digital-linked wallets are moving more Bitcoin after last week’s billion-dollar dump. Prior sales were handled via OTC and secondary markets, softening price impact. Bitcoin is holding steady as ETF inflows return, helping to absorb selling pressure. According to blockchain tracker Lookonchain, Galaxy Digital transferred out 3,782 Bitcoin (BTC) earlier today, worth around $447 million at current prices. Most of the assets went directly to exchanges, following closely on its $9 billion sales just days earlier.  The firm recently confirmed it executed…

Bitcoin is trading at around $118,815, showing modest daily gains, but on-chain and macro indicators suggest the market may be entering a more cautious phase. Summary U.S. investor demand for Bitcoin is falling, based on the Coinbase Premium Index. The July 30 Fed rate decision could affect Bitcoin’s short-term price direction. Without renewed buying interest, Bitcoin may continue trading sideways or face a deeper pullback. According to a July 29 analysis from CryptoQuant contributor Arab Chain, the Coinbase Premium Index has turned negative for the first time in two months, indicating weaker demand from U.S. buyers compared to global counterparts.…

As the floor price of CryptoPunks breaks through the $200k threshold, loan platform Gondi gets accused by traders of facilitating rafter bids online. Summary CryptoPunks floor price breaks through $200,000 mark, reaching highest peak in 2025 so far. NFT lender Gondi accused of facilitating rafter bids, using PUNKS as collateral. CryptoPunks loaner Gondi under fire The NFT lending marketplace Gondi has come under fire due to allegations that the platform has been facilitating “private loans” used to boost chandelier bids for PUNKS. One trader even accused the platform of letting one of its advisors, Gfunk, borrow ETH (ETH) using PUNKS…

MLG crypto saw a dramatic price spike but quickly gave up most of its gains after allegations of an influencer-led pump-and-dump scheme surfaced. Should you invest in MLG? Summary MLG crypto jumped over 180% on July 29 before falling back to $0.013. Much of the hype was driven by controversy around an alleged pump-and-dump scheme involving MLG. The Solana-based meme token trades primarily on decentralized exchanges like Raydium and LBank. According to data from crypto.news, the token surged more than 180% to reach an intraday high of $0.023 on Tuesday, July 29. However, the rally was short-lived. The price soon…

Avalanche faces a potential short-term correction due to a bearish RSI divergence, but the broader uptrend remains bullish amid growing institutional adoption of its L1 network. Summary AVAX price tested the critical $27 neckline resistance before pulling back to $25. A bearish RSI divergence suggests potential weakening momentum in the short term. The 20-day EMA, which contained the recent dip, will likely act as support during the correction. The broader uptrend is intact based on a bullish EMA/SMA crossover. Institutional adoption of Avalanche Layer 1 gained momentum with Grove Finance’s recent announcement to deploy $250 million in real-world assets on…

EIGEN, the native token of EigenCloud (formerly EigenLayer), is showing signs of compression on the charts just as a $1.6 million token unlock approaches.  Summary EIGEN trades near $1.34, down 8% daily but up 24% monthly. A $1.6M token unlock on July 29 may impact short-term price direction. Technicals show a squeeze forming as support is tested and volume dips. The token is trading at $1.34, down 8% over the past 24 hours, but still holding a 24% gain over the past month. Despite the recent upward trend, EigenCloud (EIGEN) is 76% below its all-time high of $5.65 set in…

ARK Invest has migrated its Solana validator operations to Toronto-based SOL Strategies, a publicly traded firm with deep roots in crypto’s institutional infrastructure. The move signals a growing preference for specialized staking providers over traditional custodians. Summary ARK Invest has selected SOL Strategies to manage its Solana staking operations, marking a shift toward outsourced infrastructure for institutional crypto exposure. Despite Solana’s $73.5 billion in staked assets, risks like validator slashing and network outages remain a challenge for operators in this maturing sector. According to a press release dated July 28, ARK Invest has migrated validator operations for its Digital Asset…

Ethereum is trading at $3,786, down about 3.7% from its local high of $3,933 recorded on July 28.  Summary ETH is still up 56% in the last 30 days despite a 3% pullback from $3,933 local top. Exchange reserves fell by over 1M ETH in the past month, signaling reduced sell pressure. ETH ETF inflows remain strong, while technicals show bullish momentum with short-term exhaustion. The move marks a minor retracement after a sharp rally over the past 30 days, with the token still up 56%. While trading volume has dropped 12.2% over the last 24 hours to $26.1 billion,…

The US Securities and Exchange Commission won’t decide on the Truth Social Bitcoin ETF until at least Sept. 18. Summary The SEC said it needs more time to review the Truth Social Bitcoin ETF. A decision is expected in September. It falls within the standard SEC review process, which allows up to 240 days for a final decision. On Monday, the Commission said it had extended the review period for the proposed fund, which NYSE Arca submitted on behalf of Yorkville America Digital, the asset manager partnering with Trump Media and Technology Group (TMTG). The delay pushes the initial August…