Author: admin

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure MEXC says trading demand for its SpaceX-linked derivative products has surged, pointing to a wider trend: crypto exchanges are increasingly becoming venues for synthetic exposure to assets that retail traders cannot easily access elsewhere. The headline is not that traders are buying direct SpaceX shares. They are not. The products are derivatives that reference private-market exposure, which makes the distinction crucial for anyone reading the numbers. For more details, visit the official Chainwire platform. TL;DR MEXC reported strong demand for SpaceX-linked derivative products.The products do not represent…

In brief Sen. Kirsten Gillibrand is renewing calls to ban politicians and their spouses from issuing or promoting crypto assets, including meme coins. President Donald Trump disclosed this week that he earned over $1.2 billion from crypto last year, including over $635 million from his Solana meme coin. This push is part of a broader ethics campaign by Gillibrand, who has also worked to restrict congressional trading on prediction markets and stocks, citing concerns about self-dealing and insider trading. Following this week’s disclosure that President Donald Trump earned more than $1.2 billion from his crypto endeavors last year, New York…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Robinhood’s crypto expansion is not only about launching a chain. The company is also pushing further into stablecoin yield, with an Earn structure that advertises a 7% APY tied to USDG as part of its broader product rollout. That is a meaningful number in a market where stablecoin holders constantly compare safety, liquidity, and yield. But it also demands careful reading. Yield products are not the same as simply holding cash or a standard stablecoin balance. For more details, visit the official GlobeNewswire platform. TL;DR Robinhood has…

In brief BridgeBench’s debugging score for Claude Fable 5 dropped from 86.2 to 25.9 after its July 1 reinstatement—but the collapse came from the safety classifier routing most tasks to Opus 4.8, not from the model getting dumber. Arena.AI ran thousands of blind human-preference votes and found Fable 5’s performance mostly flat versus the June version, with some categories—document and expert text—actually improving after reinstatement. Anthropic has acknowledged its new classifiers will produce false positives on routine coding and debugging, and says the system will be refined over time—but has given no timeline. Claude Fable 5 came back online July…

In brief Zcash developers say the Ironwood upgrade is nearing testnet activation. Work continues on a formal proof of soundness ahead of the network upgrade. Shielded Labs says migrating exchanges, wallets, and mining pools to new software remains the biggest deployment challenge. In a series of posts on the Zcash forum on Thursday, developers said the privacy-focused cryptocurrency’s Ironwood upgrade is moving closer to activation—first on a testnet—bringing the network a step nearer to allowing users to verify the integrity of its circulating supply following last month’s disclosure of a critical counterfeiting vulnerability.Announced in June, Ironwood is a proposed Zcash…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin traders are back to watching macro data as closely as crypto-native catalysts. Kraken’s latest economic brief puts rate expectations, labor-market signals, and central-bank commentary back at the center of the short-term Bitcoin setup. That makes sense in a market where Bitcoin is still treated by many institutions as a liquidity-sensitive asset. When rate expectations shift, traders often reassess risk appetite across equities, gold, and crypto at the same time. For more details, visit the official Kraken platform. TL;DR Kraken’s economic brief highlighted macro uncertainty around rates…

In brief Barstool Sports founder Dave Portnoy said he’s down millions of dollars on Bitcoin as the top coin falls. Portnoy admitted he’s never gotten anything “more wrong” than the leading cryptocurrency. In 2021 he famously “paperhanded,” or panic sold, some of his Bitcoin after a price drop. Barstool Sports founder and media personality Dave Portnoy knows he’s not an expert crypto trader—but that’s never stopped him from trying over and over again for several years now.This week, Portnoy told Fox Business host Stuart Varney that he’s down millions on Bitcoin, the top crypto asset by market cap, as it…

A man has admitted to stealing over $85,000 from people’s bank accounts on the East Coast. Scott Bagley of Bangor, Maine, has pleaded guilty to conspiring with others to impersonate legitimate bank account holders to obtain money from their accounts, says the U.S. Department of Justice. The scheme involved accessing and draining funds from multiple victim accounts using impersonation tactics. In their investigation, authorities managed to seize a fake Maine driver’s license featuring the name of a law enforcement officer with Bagley’s image on it. “Bagley faces up to 30 years in prison, a maximum fine of $1 million, and…

A West Virginia woman has been arrested on 127 counts of fraud after allegedly draining nearly $18,000 from a victim’s bank account through unauthorized access. West Virginia State Police launched an investigation after the victim reported repeated unauthorized withdrawals totaling approximately $18,000 over several months, reports WSAZ News. Detectives traced the activity to 37-year-old Ashley Newsome of Lenore. She’s accused of obtaining the victim’s bank card information and using it to make withdrawals through her personal Cash App account. olice secured arrest warrants for Newsome on 127 counts of fraudulent use of an access device, as well as charges of…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure There is a reason this one is worth separating from the usual market noise. Sui Testnet Update v1.74.1 Slashes Transaction Gas Costs Via Protocol Version 128 gives Bitcoinist readers a clean angle on Sui at a point where the market is trying to separate durable signals from short-lived noise. According to the source material reviewed for this report, the story turns on a few concrete details rather than vague sentiment. That matters because crypto headlines can move quickly, but the pieces that tend to last are the…

A retired Florida grandmother has lost more than $60,000 from her Citibank accounts in a matter of hours. The funds she and her husband saved over 40 years through hard work and sacrifice vanished via unauthorized wire transfers to someone named ‘Jada H.’, reports WINK News. Dolores Dagrosa says she discovered the missing money upon returning home from celebrating her 40th wedding anniversary. “This was the money we saved, blood, sweat, and tears, working and everything, for the last 40 years. We sacrificed. We have had three sons for all these years, and we put the money away.” The loss prevented…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto markets have had plenty to digest today, and this development adds another layer to the picture. TRON Nile Testnet Deploys Quantum-Resistant Signature Cryptography gives Bitcoinist readers a clean angle on Stablecoins at a point where the market is trying to separate durable signals from short-lived noise. According to the source material reviewed for this report, the story turns on a few concrete details rather than vague sentiment. That matters because crypto headlines can move quickly, but the pieces that tend to last are the ones backed…

In brief U.S. spot Bitcoin ETFs took in $221.7 million on Thursday, their biggest daily inflow in about two months, ending a 10-day outflow streak. The streak pulled some $2.7 billion from the funds and capped June, the worst month on record for the products, with about $4.5 billion in outflows. Fidelity’s FBTC led with $166 million, while BlackRock’s IBIT bucked the trend with a $40 million outflow. U.S. spot Bitcoin ETFs returned to net inflows on Thursday, snapping a 10-day losing streak, as a weak jobs report and softer signals from the Federal Reserve eased pressure on risk assets.The…

In brief Labour MP Phil Brickell has reported Nigel Farage to the Parliamentary Commissioner for Standards, alleging he lobbied the Bank of England on crypto policy that could benefit his biggest donor. The complaint centers on a private September 2025 meeting in which Farage reportedly urged Governor Andrew Bailey to drop plans for a state-run digital pound. Farage received an undeclared £5 million ($6.7 million) gift from Tether investor Christopher Harborne, who has separately given Reform UK a further £15 million. Reform UK leader Nigel Farage has been reported to Parliament’s standards watchdog over allegations that he lobbied the Bank…