Author: Ibrahim Abdulaziz Adan

Google increased its TeraWulf stake to 14% through a $3.2 billion investment deal.  TeraWulf stock surged over 35% after the partnership announcement, reaching 52-week highs.  The deal allows TeraWulf to provide 360 megawatts of AI computing capacity at its New York facility. Google has increased its stake in bitcoin miner and datacenter operator TeraWulf to 14% from 8% through a $3.2 billion investment deal. The technology giant’s expanded commitment comes as demand for artificial intelligence infrastructure surges across the industry. The partnership centers around TeraWulf’s Lake Mariner Campus in Western New York, where the company will provide over 200 megawatts…

Bitcoin dropped to $113,700, and crypto markets fell 2.08% ahead of Wednesday’s Fed minutes and Powell’s Friday speech at Jackson Hole.  Fed officials split on rate cuts for the first time since 1993, with markets showing 100% probability of September rate reductions.  Global tensions from US-Russia-Ukraine peace talks are adding pressure to crypto and traditional financial markets. Bitcoin and cryptocurrency markets experienced sharp declines on Tuesday as investors braced for key Federal Reserve events that could determine the direction of monetary policy. The world’s largest cryptocurrency dropped to a one-week low of $113,700, while the broader crypto market shed 2.08%…

The U.S. banking regulator now allows community banks to work with stablecoin companies without prior approval.  Ripple bought Rail for $200 million, and this deal will expand RLUSD’s reach in business payments.  RLUSD’s supply has grown past $500 million, and the regulatory clarity helps more banks adopt digital payments. The U.S. Office of the Comptroller of the Currency has authorized community banks to partner with stablecoin companies. The regulatory change allows banks to “partner with companies developing stablecoins to foster innovation and offer new products.” This decision removes previous barriers that required banks to secure written approval before engaging in…

Wyoming launched the first U.S. state-issued stablecoin called FRNT on seven blockchain networks. U.S. dollars and treasuries back the token, but it remains non-tradeable due to regulatory hurdles. Citizens will access FRNT through Kraken on Solana and Rain’s card platform on Avalanche when available. Wyoming has made history by launching the first stablecoin issued by a U.S. public entity. The Wyoming Stable Token Commission announced the mainnet launch of the Frontier Stable Token (FRNT) through an official press release. The groundbreaking digital currency represents a significant milestone in state-level blockchain adoption. Wyoming has become the pioneer among U.S. states in…

HBAR trades at $0.2417 with 1.2% daily gains; technical patterns suggest a potential move to $0.50.  BlackRock ETF speculation drives institutional interest, and Bloomberg analysts estimate 90% approval odds.  Futures data shows strong bullish positioning with long accounts dominating at 61.69% on Binance. HBAR token demonstrates resilience amid market turbulence, trading at $0.2417 with a 1.2% gain over the past 24 hours. The cryptocurrency maintains strength above the crucial $0.23 support level, defying broader market volatility that has pressured other digital assets. Market analysts point to emerging technical patterns and institutional speculation as key drivers behind HBAR’s recent performance. The…

BlackRock sold 490 BTC worth $68.7 million, and Ark Invest sold 559 BTC for $64.4 million amid market concerns. Veteran traders predict Bitcoin will drop below $100,000 in September before recovering to new highs. Other companies, like Strategy and Metaplanet, bought Bitcoin during the price decline while major holders took profits. BlackRock and Cathie Wood’s Ark Invest have executed significant Bitcoin selloffs amid ongoing market turbulence. The moves come as veteran traders predict further price corrections below the $100,000 threshold. BlackRock liquidated 490 BTC valued at $68.7 million while selling $87.2 million of Ethereum. The asset management giant maintains substantial…

Content creator Nick O’Neill criticized MicroStrategy but suddenly reversed his stance, and the crypto community suspects he faced legal pressure.  Ripple CTO David Schwartz defended O’Neill’s right to free speech and called his retraction video fake.  Schwartz warned that Strategy’s stock acts like leveraged Bitcoin and will perform poorly if Bitcoin prices fall. Ripple’s Chief Technology Officer, David Schwartz, has entered a heated debate surrounding Strategy’s Bitcoin investment approach. The controversy began when content creator Nick O’Neill published critical videos about Michael Saylor’s company before making an abrupt reversal that raised eyebrows across the cryptocurrency community. O’Neill, co-founder and CEO…

Longling Capital sold 5,000 ETH worth $21.56 million in their ongoing profit-taking strategy. The firm has made $184 million profit from previous Ethereum trades since acquiring tokens at $2,349 each in 2022. Analysts view the sale as strategic portfolio management rather than bearish sentiment, and Ethereum maintains support at $4,219. Chinese investment firm Longling Capital executed a major Ethereum transaction, selling 5,000 ETH valued at $21.56 million. The sale represents part of the firm’s calculated approach to cryptocurrency trading that has generated substantial returns since 2022. On-chain analytics platform Lookonchain tracked the transaction, confirming Longling Capital deposited the tokens to…

The U.S. Treasury opened public comments on GENIUS Act stablecoin regulations, and submissions are due by October 17. Treasury officials want feedback on AI and blockchain tools that can detect illegal digital asset activities. The GENIUS Act creates the first major federal framework for stablecoins backed by cash or Treasury securities. The U.S. Department of the Treasury has launched a formal public consultation period for the GENIUS Act, seeking industry feedback on stablecoin oversight mechanisms. The department announced that comments must be submitted within 60 days of Federal Register publication, with an October 17 deadline. All submissions will be made…

Plume token surged 11% after Binance announced it would distribute 150 million tokens through its HODLer Airdrops program.  Trading volume increased dramatically, with derivatives volume jumping 367% and spot volume rising 283%.  With multiple trading pairs available, Binance will officially list PLUME for trading on August 18 at 15:00 UTC. Plume token experienced significant price appreciation after Binance confirmed its inclusion in the HODLer Airdrops program. The cryptocurrency jumped from $0.09 to $0.102, marking an 11% increase that outperformed the broader market during declining crypto valuations. The announcement triggered immediate market reaction. Trading activity surged across both derivatives and spot…