Author: James Wilson

Polygon has dropped nearly 10% over the past 24 hours, extending its downtrend for a third straight day. However, a bullish reversal pattern has emerged on the daily chart, indicating a potential rebound soon. Summary Polygon’s POL token is down 9.5% in 24 hours, trading at $0.225 with a market cap of $2 billion. Whale holdings of POL rose 33% in 30 days as exchange balances dropped 4.5%. A double-bottom pattern and golden cross have formed on the daily chart. According to data from crypto.news, POL (POL) was trading at $0.225, down 9.5% over the past 24 hours, with a…

A judge denies two brothers’ plea to dismiss crypto fraud charges after allegedly stealing $25 million from the Ethereum blockchain using an MEV bot. Why was their bid dismissed? Summary MIT-educated brothers Anton and James Peraire-Bueno face crypto fraud charges for allegedly stealing $25 million from ETH traders. Anton and James Peraire-Bueno manipulated MEV bots by luring trading victims in through ETH validators. According to a U.S. court document, District Judge Jessica Clarke has denied a motion to dismiss fraud charges aimed at Anton and James Peraire-Bueno, two MIT-educated brothers who profited $25 million by exploiting a vulnerability on the…

Zircuit has unveiled a new AI-powered trading product, catalyzing a sharp rally in its ZRC token, which is up over 50% in the past 24 hours. Summary Zircuit unveiled an AI-powered cross-chain trading engine with alpha detection and automatic routing The engine will inherit the same security stack that guards Zircuit’s flagship Deposit Vaults $10M ZRC grant program planned for Q4 to support AI model development. ZRC token surges 50% in 24 hours, fueled by the announcement. Zircuit (ZRC) has just announced the upcoming launch of its new product the team dubbed “Hyperliquid for AI Trading” — an advanced AI-powered…

Horizen has officially migrated its native ZEN token from its blockchain to Base, marking the start of its transition into a modular privacy-enabled decentralized finance appchain. Summary Horizen has migrated its native ZEN token to Base as an ERC-20 asset. ZEN will power a privacy-enabled DeFi appchain with Singularity integration. DAO-led governance and DeFi vaults mark a new direction under Horizen 2.0. In a July 24 announcement, Horizen (ZEN) said it had completed the migration of its native ZEN token to Base as a standard ERC-20 token. The move enables integration with decentralized exchanges such as Aerodrome (AERO) and Uniswap…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Everybody knows blockchain bridges are broken. They’re widely recognized as one of the major risks of dealing in DeFi, exemplified by the Qubit, Ronin, and Wormhole exploits that stole hundreds of millions of dollars of investors’ money.  Summary Blockchain bridges are inherently insecure, riddled with vulnerabilities that have led to massive exploits, exposing critical flaws in cross-chain infrastructure. Despite the risks, bridges remain central to web3 due to the fragmented nature of blockchain ecosystems and the growing…

Exchange-traded funds (ETFs) tracking Bitcoin have slipped again, continuing their losing streak as investor sentiment cools. Summary U.S.-listed Bitcoin ETFs have deepened their losses with another round of outflows. Bitcoin is hovering just below $118K, but analysts say momentum could return. Ethereum ETFs are still thriving, even as the asset’s price cools. U.S.-listed spot Bitcoin ETFs saw $86 million in net outflows on July 23, according to SoSoValue data. It’s the third consecutive day of losses after snapping a 12-day inflow streak earlier this week. Fidelity’s FBTC led the retreat with $227.2 million, while ARK and 21Shares’ ARKB and Bitwise’s…

Bitcoin is trading comfortably in the $115,000-$120,000 range, which has allowed many altcoins to find their footing and show strength.  Summary While meme currencies like PEPE, BONK, and TRUMP exhibit explosive potential, Bitcoin is still robust around $118,000, which is conducive to the rallying of altcoins like XRP, DOGE, and BCH. TRUMP and BONK acquire traction because of political hype and meme cycles, XRP, HYPE, and DOGE stand out for their robust bullish setups and practical significance. As capital shifts away from Bitcoin and Ethereum, market indications (Total3 and Others.D) point to a bullish altcoin period, particularly in small- and…

Altseason calls are gaining ground, and the numbers are starting to back them. New market data shows Ethereum is taking the market lead, flipping Bitcoin across several key metrics and pulling altcoins with it. Summary Ethereum just overtook Bitcoin in spot volume for the first time in over a year. Bitcoin dominance dropped nearly 3% in a week as capital rotates into altcoins. ETH ETFs log 15 straight days of inflows as Bitcoin funds reverse course. According to a July 23 CryptoQuant data, Ethereum (ETH) has outperformed Bitcoin (BTC) by 72% since April, with the ETH/BTC ratio rising from 0.018…

Solana may soon double its block capacity from 60 million to 100 million compute units, aiming to boost transaction throughput and ease network congestion. Summary New proposal suggests raising Solana block limits from 60 to 100 million CUs. Current limit increased recently from 48M to 60M CUs, improving fees and user experience. Larger block capacity could handle more transactions but may increase execution times. Upgrade aims to address past network congestion and prepare Solana for future demand. The Solana (SOL) network could soon see a dramatic leap in block capacity, with a new proposal suggesting an increase to 100 million…

Ripple, and its CEO Brad Garlinghouse, has issued an urgent warning, alerting the community about an uptick in deepfake scams impersonating the blockchain firm on YouTube. Summary Ripple said scammers were hacking YouTube accounts to impersonate the company. crypto.news found livestreams using altered Brad Garlinghouse footage. Scammers typically use altered videos and AI-generated voiceovers to trick victims into sending crypto. Ripple has witnessed a rise in fraudulent livestreams, often using altered footage of company executives, a recent alert issued on the company’s official X account. 🚨PSA: We’ve noticed an uptick of XRP scams on @YouTube – scammers are stealing accounts…