Crypto Industry News & Market Trends

XLM crypto needs to reclaim these levels to flip its short-term bias bullishly

Bitcoin [BTC] and Ethereum [ETH] were both down 3.0%for the day, and the wider crypto market capitalization has fallen 2.43% in the past 24 hours. This deflated market sentiment followed a longer-term trend among the crypto majors of seller-dominated price action.　　For instance, Bitcoin was unable to climb back above $67k, and Ethereum bulls faced stiff opposition around the $2kround number supply zone.　　Amidst this backdrop, Stellar [XLM] also faced a drawdown. The altcoin has shed 6%over the past week and was also trading below a vital support level.　　Here are the price trends and key levels swing traders and investors need to keep an eye on.　　The Stellar bull trend and subsequent retracement　　Towards the end of May, XLM crypto had raced higher from $0.139 to $0.298. In just one week, the bulls had made a 113%move to establish a bullish swing structure.　　Source: XLM/USDT on TradingView　　On one hand, it was a clear structural shift. Yet, the $0.26-$0.27supply zone from late 2025 was not convincingly cleared. An alternative interpretation is that the move towards $0.30primarily swept liquidity above resistance before reversing.　　After ranging below $0.18for four months, the bullish breakout was followed by a deep retracement phase over the past two months.　　The 78.6%Fibonacci retracement level has

07-31Industry

Manhattan judge strikes down Perplexity AI defense in Reddit copyright lawsuit

A federal judge in New York has refused to throw out the core of Reddits copyright case against Perplexity AI.　　The fight is over how AI search engines harvest user posts and the ruling will set a precedent on whether anti-circumvention law can be used against companies that scrape content to feed AI answers.　　What is Reddit accusing Perplexity and SerpAPI of？　　U.S. District Judge Paul A. Englemeyer declined to dismiss Reddit‘s Digital Millennium Copyright Act claims against Perplexity and the web-scraping platform, SerpAPI. The act makes it illegal to bypass technological measures that control access to copyrighted works, which Reddit claims Perplexity and SerpAPI did using tricks like constantly changing their IP addresses to get around its and Google’s protections in order to grab user posts on a massive scale.　　Judge Engelmayer said Reddit‘s platform is exactly the kind of “global digital online marketplace for copyrighted works” that the DMCA was designed to protect. He also agreed, for now, that Google’s SearchGuard can count as a “technological measure” that controls access to protected work.　　However, the judge dismissed a “trafficking” claim against SerpAPI, along with Reddits state-law claims for unfair competition and unjust enrichment against both defendants.　　The case will now move into discovery, where

07-31Industry

Pump.fun Layoffs Spark Fury After Workers Miss Million-Dollar Token Payouts

Former Pump.fun employees say they were dismissed two months before their PUMP tokens vested. Weeks after those dates passed, the team unlocked 50 billion tokens of its own.　　An anonymous X (Twitter) account claiming to speak for more than 40 ex-staff began publishing termination emails this week. Pump.fun has not addressed the allegations publicly.　　April Brought Layoffs and a $370 Million Burn　　Sandmark reported that the Solana launchpad terminated contracts in early April. A quarter of each staff allocation was due to vest roughly two months later. Grant agreements had been signed in mid-June 2025, according to documents the outlet reviewed.　　Co-founder Noah Tweedale attributed the cuts to a business that “grew too quickly” and could no longer move “fast and rough.” Severance ran to one week of salary for every month worked. One departing employee reportedly lost PUMP worth seven figures at current prices.　　PUMP Price Performance. Source: Coingecko　　That same month, however, the platform destroyed $370 million of repurchased PUMP, wiping out roughly 36% of circulating supply. Co-founder Alon Cohen defended the April token burn at the time.　　“Every dollar not burned is a dollar being put to work toward the same outcome”　　Follow us on X to get the latest news as it happens　　What the

07-31Industry

IBM (IBM) Stock: Edges Higher as UniCredit Partnership Targets AI Banking Growth

TLDRIBM shares rise as UniCredit launches a major European banking tech overhaul.Accenture will acquire IBM‘s majority stake in UniCredit’s infrastructure venture.IBM will supply mainframe, software and consulting for core banking upgrades.The partnership aims to expand cloud, data and AI capabilities across Europe.Regulatory approvals remain required before the transaction can be completed.　　IBM (IBM) shares rose 0.86% to $223.65 at Friday‘s close before slipping 0.39% to $222.78 after hours. The move followed a major technology agreement involving UniCredit, Accenture, and IBM across thirteen European markets. The partnership targets banking modernization, wider artificial intelligence use, and UniCredit’s long-term European growth.　　International Business Machines Corporation, IBM　　UniCredit Builds New Banking Technology Model　　UniCredit plans to create a new technology operating model with support from Accenture and IBM. The bank wants greater control over system development while maintaining resilience across essential banking operations. The structure will also improve flexibility as UniCredit updates digital services across its European network.　　Accenture will acquire IBM‘s majority stake in the joint venture managing much of UniCredit’s technology infrastructure. That change will give Accenture a larger operating role within the banks multi-year transformation programme. Meanwhile, IBM will continue supplying key platforms, software, infrastructure, and consulting services.　　The agreement supports UniCredits wider plan to improve efficiency

07-31Industry

Ethereum Price And Scalability Records Mismatch, Here Is What Can Tilt The Balance

Key Insights:Ethereum (ETH) price stays below $2,000 even as network activity reaches new highs across layer-2 networks.Ethereum applications generated $1.79 billion in fees, but the base layer captured only 4.9% of that value.Analysts are watching tokenized assets and institutional demand as possible drivers for future ETH price growth.　　Ethereum price remains under the spotlight as the network continues to process more activity while the coin stays below the $2,000 level. Fresh data has renewed debate over whether Ethereums growing use is doing enough to support the ETH price, even as more projects and users continue to build on the network.　　Meanwhile, any price projections or technical levels referenced in this article are based on chart patterns and market indicators, which cannot accurately predict future price movements.　　This article should not be considered financial or investment advice. Readers are encouraged to perform independent due diligence and seek guidance from licensed professionals, given the inherent volatility of digital assets.　　Ethereum Price Lags Behind Network Growth　　Ethereum price has not matched the pace of growth across the network. That is the concern raised by market commentator Tanaka on X, who said Ethereum is scaling faster than ever, but the coin is still trading below $2,000.　　Figures shared for the

07-31Industry

Ethereum's 43-day staking queue isn't a clean demand signal, Sygnum says

Quick TakeSygnum Bank‘s Thomas Brunner said Ethereum’s 43-day validator queue reflects protocol mechanics as well as institutional demand, cautioning against treating it as a straightforward bullish signal.“Almost no one is un-staking, which points to genuine conviction,” he said. “The entry queue measures as much plumbing as demand.”　　The Ethereum validator entry queue has swelled to roughly 2.5 million ETH, with new stakers waiting approximately 43 days to activate while the exit queue remained largely empty, according to data from Beaconcha.in.　　Thomas Brunner, Head of Custody and Staking at Sygnum Bank, said the backlog is not the clean bullish signal it appears to be on the surface.　　“The queue is genuinely long, and part of that is real demand weve observed with spot ETF and at our own level,” Brunner said in a written interview with The Block. “But a meaningful share of this staking backlog is mechanical, not directional and it stems from last years Pectra upgrade.”　　The Dencun upgrade lowered the daily validator entry rate to roughly 57,600 ETH, Brunner said, and Pectra did not raise it. Pectra also allows validators to hold up to 2,048 ETH each and compound automatically, so large operators are now topping up existing validators. Every top-up, some

07-31Industry

Saylor and Strategy Officially Back CLARITY Act for US Crypto

Key TakeawaysStrategy and Michael Saylor publicly endorsed the CLARITY Act.The Senate proposal divides crypto oversight between two regulators.The measure gained backing as institutional interest in crypto grows.　　Strategy and Saylor Join the CLARITY Act Campaign　　Strategy Inc. (Nasdaq: MSTR) announced its support for the Digital Asset Market Clarity Act on July 31, adding the worlds largest corporate bitcoin holder to the legislative campaign. The company presented the bill as a bipartisan framework supporting market expansion, institutional participation, consumer protection, and individual digital asset ownership.　　Strategy declared:　　“We support the bipartisan CLARITY Act. It establishes a clear framework for the growth of digital asset markets, accelerates institutional adoption, strengthens consumer protections, and safeguards the right of individuals to own and control their digital assets.”　　Michael Saylor‘s CLARITY Act endorsement adds one of the cryptocurrency industry’s most influential corporate voices to the campaign for market structure legislation. As executive chairman of the worlds largest corporate bitcoin holder, his support reflects growing institutional interest in establishing a durable regulatory framework for digital assets before broader adoption accelerates.　　Saylor wrote:　　“I support advancing the CLARITY Act through bipartisan work to establish clear, durable rules, protect property rights, promote innovation, and strengthen American capital markets. Bitcoin will succeed with or without legislation,

07-31Industry

Judge lets FTX recovery trust chase Binance for $1.76 billion over a 2021 share buyback

The FTX Recovery Trust, which is pursuing assets for the bankrupt exchanges creditors, can keep trying to recover at least $1.76 billion that FTX alleges it transferred to Binance parties in a 2021 share repurchase.　　A July 24 ruling by U.S. Bankruptcy Judge Karen B. Owens preserved the core clawback claims against four Binance entities and Changpeng Zhao while dismissing separate claims tied to FTXs collapse. The decision lets the case continue but does not establish liability or award money to the estate.　　According to the complaint, seven agreements executed July 15, 2021, repurchased Binances roughly 20% stake in FTX Trading and an 18.4% stake in West Realm Shires held by Zhao, Dinghua Xiao and Samuel Wenjun Lim. The consideration allegedly consisted of the BUSD, BNB and FTT tokens.　　The trust alleges that the transferred assets were worth at least $1.76 billion. That is the amount sought and an alleged value, not a court-set valuation or an award.　　Owens allowed Counts I through V to proceed against Binance Holdings Limited; Binance Capital Management Co. Ltd., now known as Digital Anchor Holdings Limited; Binance Holdings (IE) Limited; Binance (Services) Holdings Limited; and Zhao. Those counts assert constructive and actual fraudulent transfers and seek recovery of

07-31Industry

Profusa Inc. (PFSA) Stock: Drops as G3 Deal Hinges on $30M Financing

TLDRProfusa stock drops after hours as the G3 acquisition faces key conditions.The G3 deal requires at least $30 million in secured financing before completion.G3s unaudited 2025 revenue estimate of $111 million supports the deal value.Shareholder approval is needed to convert preferred stock into common shares.Profusa must retain its Nasdaq listing and resolve G3 debt before the closing.　　Profusa shares closed unchanged at $1.06 in regular trading before dropping 3.77% to $1.02 during after-hours trading. The decline followed a formal option agreement covering Profusas proposed acquisition of G3 Vision Labs and three subsidiaries. The transaction now depends on financing, debt restructuring, shareholder approval, and continued Nasdaq listing compliance for the proposed transaction.　　Profusa, Inc. Common Stock, PFSA　　Profusa Sets Terms for G3 Acquisition　　Profusa secured the right to acquire G3 Vision Labs, Med Screen Laboratories, Dominion Diagnostics, and Acutis Diagnostics under the agreement. The option remains open until G3 provides required financial records, followed by an additional 90-day exercise period under agreed terms. G3 estimated 2025 net revenue at about $111 million using unaudited management information for the diagnostics group and subsidiaries.　　The proposed combination would create a public diagnostics company operating national laboratories certified under federal CLIA standards across several markets. These laboratories serve addiction

07-31Industry

US and Israel plan to attack Irans energy infrastructure – CBS News

CBS News reported that the United States and Israel may engage in a large campaign against Iran, targeting Irans energy infrastructure, said multiple sources.　　The duration would be over the weekend ahead of next weeks Asian open in the financial markets. The article mentions that US sources revealed that Israel has been notified and “are coordinating with the United States.” The US “president has yet to give the final go orders for the strikes, the sources said.”　　Meanwhile, an Israeli official told CBS News, Israel is unaware of a decision to restart full military operations, nor has been requested of Israel to join any military actions against Iran.[　　The article read “The military strike plan came up during President Trumps cabinet meeting at Camp David on Friday, according to sources briefed later. Some White House aides who focus on politics were strongly opposed, one of the sources said.”　　According to two sources, energy infrastructure includes power plants and refineries would be the main targets,　　Risk sentiment FAQs　　In the world of financial jargon the two widely used terms “risk-on” and “risk off” refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about

07-31Industry

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