Latest Crypto News & Market Updates

Open-Weight AI Models Gain Support From Leading U.S. Tech Executives

Open-weight AI models gained backing from Huang, Altman, Nadella and Zuckerberg.Industry leaders said open-weight AI expands competition, boosts security, and increases AI access.The letter urged support for open-weight AI instead of broad restrictions on advanced AI models.　　Open-weight AI models became the focus of a joint message from several prominent U.S. technology leaders after NVIDIA published a letter calling for policies that support open-weight artificial intelligence.　　The document, titled Open Weights and American AI Leadership, argues that downloadable and modifiable AI models can strengthen competition, expand access to AI tools, improve cybersecurity, and support American innovation.　　NVIDIA CEO Jensen Huang shared the letter in his post on X, while OpenAI CEO Sam Altman, Microsoft CEO Satya Nadella, and Meta CEO Mark Zuckerberg publicly endorsed its message through separate posts.　　Open-Weight AI Models Backed by Industry Leaders　　Jensen Huang said the world needs both frontier-closed and frontier-open models. He stated that open models strengthen safety, cybersecurity, innovation, and national sovereignty. Sam Altman responded by saying he wants the United States to lead in both open-source and proprietary AI models and welcomed the initiative.　　Mark Zuckerberg described open source as an important force that empowers people and helps prevent centralization. Satya Nadella also backed the effort, saying open-weight

07-25Industry

Triple-A Hot Wallets Drained of $9.7 Million Across Six Chains: Heres What Peckshield Found

Key TakeawaysTriple-A lost over $9.7 million from hot wallets across six chains, per Peckshield.The attacker bridged proceeds to Ethereum, consolidating roughly 5,227 ETH in one address.Triple-A had issued no public statement more than eight hours after the breach was flagged.　　Onchain Investigator Flags the Breach First　　Onchain investigator Specter first reported the incident. According to a Peckshield alert published Saturday, wallets tied to Triple-A, a Singapore-based fiat-to-crypto payment gateway, had been drained of funds across Ethereum, Tron, Polygon, Arbitrum, Solana and The Open Network (TON).　　Triple-A operates payment infrastructure that lets merchants accept cryptocurrency and settle in fiat currency, meaning its hot wallets hold a rotating pool of customer funds and liquid stablecoins to process transactions quickly. Hot wallets stay connected to the internet for speed, a tradeoff that makes them more exposed than offline cold storage.　　Onchain data reviewed by security researchers shows the attacker swapped stolen stablecoins and other liquid assets on decentralized exchanges before bridging the proceeds to Ethereum. The funds landed in a single address beginning with 0x01F8, which held roughly 5,227 ETH, worth about $9.7 million, as of Saturday.　　Image source: X　　The consolidated wallet received the stolen assets in several tranches rather than one lump transfer, a move that is

07-25Industry

Crypto token unlocks: $77M in BEAT, EIGEN, ZETA hitting markets Aug. 1

BEAT has gained 32.1% in seven days before an Aug. 1 release that will place the token at the center of $77.07 million in scheduled BEAT, EIGEN and ZETA unlocks.　　RootData reported that Audiera will release 21.25 million BEAT at 9 a.m. Beijing time, valuing the allocation at approximately $67.78 million. The data platform calculates that the release equals 6.87% of BEATs circulating supply.　　EigenCloud will unlock 38.35 million EIGEN worth about $7.87 million at 5 a.m. Beijing time, according to RootData. ZetaChain will add 44.43 million ZETA worth $1.42 million at midnight, with RootData placing the releases at 5.18% and 2.94% of circulation, respectively.　　BEAT carries Aug. 1s largest supply shock　　BEAT traded near $3.16 after moving between $2.19 and $3.69 during the past week, according to CoinGecko. Although the token remained up 32.1% over seven days, it had retreated about 14% from the weekly high and lost 1% during the latest 24-hour period.　　CoinGecko recorded $37.84 million in daily BEAT volume, up 148% from the previous day. RootDatas $67.78 million unlock valuation equals almost 1.8 times that turnover, although reported volume does not measure the amount of buy-side liquidity available to absorb recipient sales.　　Using CoinGecko‘s 309.27 million circulating-supply figure, the release would raise

07-25Industry

FOGNET Partners With TradingRazor To Advance AI-Driven Multi-Chain Trading Intelligence

FOGNET, a robust Web3 network for blockchain intelligence, has partnered with TradingRazor, an AI-based trading intelligence platform. The partnership endeavors to improve data-led decision-making to benefit crypto traders. As per FOGNETs official social media announcement, the development is set to enhance the way consumers discover and leverage on-chain opportunities. Both entities focus on the provision of intuitive trading insights via their respective Web3 capabilities.　　FOGNET and TradingRazor Alliance Improves AI-Led Multi-Chain Trading　　The partnership between FOGNET and TradingRazor underscores the rising demand for AI-driven solutions in DeFi. With this move, both companies attempt to support relatively effective and informed trading across diverse blockchain networks. In this respect, TradingRazor has become an inclusive trading intelligence firm that lets consumers examine blockchain markets via AI-powered tools. Apart from that, the platform also combines smart-money tracking with multi-chain market intelligence.　　As a result of this, traders can monitor the operations of impactful wallets and detect the latest market trends. With the filtering of big blockchain data volumes into actionable information, TradingRazor is poised to streamline the decision-making procedure for emerging and experienced market members. AI-driven trading signals a key characteristic of the platform to assist clients in detecting likely opportunities while decreasing information overload. Alongside predictive

07-25Industry

Crypto ETF Recap: Ethereum Still Outpaces Bitcoin, but Cracks Are Emerging

Over $100 million entered the funds tracking the altcoin in the past week.　　The spot Bitcoin exchange-traded funds ended their third consecutive week in the green, but momentum faded at the end of it.　　In the meantime, the funds tracking Ethereum continue to outperform, gaining over $100 million as the underlying asset challenged the $1,950 level.　　BTC ETFs Still in the Green but…　　The funds tracking the market leader were in a tough spot for weeks. Eight, to be precise. In this streak that began in mid-May and felt it went on for eternity, they saw over $8 billion withdrawn from investors, with the total net inflows going down from over $59.34 billion to $51.08 billion on July 2.　　However, investors finally changed their tune at this point and broke this negative trend during the first full week of July, inserting nearly $200 million. Another $75.67 million followed during the subsequent week, and the one that just ended began on a high note. In fact, the actual net inflows stood at approximately $1 billion during the seven consecutive green days – from July 14 until July 22.　　This coincided (or propelled) with bitcoins price rally that drove the asset to $67,000 on Wednesday for the first

07-25Industry

Licensed Web3 Casinos and What Recourse a Player Has

A withdrawal has been pending for nine days. Support sends the same templated reply each time. The site carries a licence badge in the footer. What, concretely, can you do about it？　　That question gets less attention than it deserves, because most licensing coverage stops at whether a badge exists. This is about the sequence that follows once something has already gone wrong, in the order it actually works, and what each stage realistically achieves.　　The Ladder, and What Each Rung Can DoStageWho decidesRealistic outcomeOperator supportThe operatorResolves most genuine delaysFormal internal complaintThe operators compliance teamSlower, but creates a written recordThe licensing authorityThe regulatorInvestigates conduct, cannot always compel paymentAlternative dispute resolutionAn independent bodyBinding on some regimes, absent on othersPublic complaint channelsNobody, but visibleOccasional resolution, mostly leverageLegal actionA courtRarely proportionate to the amount　　The realistic outcome column is the honest part. Most disputes end at the first two rungs, and the ones that do not are far harder to resolve than a footer badge implies.　　Operator Support　　Start here, and start with the terms instead of the frustration. Most stalled withdrawals are triggered by a rule the player did not read, not by an operator refusing to pay.　　Bonus wagering not yet complete, a deposit method mismatch, an

07-25Industry

Binance Data Shows How Crypto is Using AI Stocks to Attract Gen Z Investors

Nvidia (NVDA) is the most common first stock trade among the youngest and smallest equity accounts on Binance. The stock took 20% of first trades, according to a Binance Research report.　　The finding covers a segment that Binance labels Next Gen Users. These are Gen Z customers in emerging markets holding under $2,000 in equity assets under management.　　Semiconductor Stocks Dominate the First Trade List　　Micron Technology (MU) ranks second at 8%, according to the report. Tesla (TSLA), Apple (AAPL), and the Nasdaq-100 exchange-traded fund (ETF) appear further down the list.　　“Across the wider equity base, the same discipline is visible at portfolio level: users allocate roughly 60% of equity holdings to Information Technology and Communication Services, with around 26% concentrated in semiconductors, a thematically coherent tilt toward the artificial-intelligence complex rather than scattered speculation,” Binance Research noted.　　Most Common First Stock Trades on Binance Among Gen Z Users. Source: Binance Research　　The report noted that Next Gen Users make up 13% of Binance Direct Stocks customers. Gen Z as a whole accounts for 44%, the largest single cohort on the product.　　Geography narrows the picture further. Binance Research highlighted that 95% of Gen Z traditional finance (TradFi) users are in emerging markets. Every other generation on

07-25Industry

ARK Invest buys $251K of BitMine, Solana ETF

Cathie Woods ARK Invest has added about $251,500 in BitMine Immersion Technologies shares and the 3iQ Solana Staking ETF across three of its exchange-traded funds.　　SummaryARKK bought 5,264 BitMine sharesworth about $83,100 at Fridays $15.79 close.ARKW and ARKF added 28,018 SOLQ.U sharesvalued at roughly $168,400 combined.The 3iQ Solana Staking ETF fell 2.12% to $6.01during Fridays session.　　ARK Invest adds BitMine exposure　　ARK Invests Friday trade disclosures show its flagship ARK Innovation ETF, or ARKK, purchased 5,264 shares of BitMine Immersion Technologies (BMNR).　　Based on BMNR‘s $15.79 closing price, the purchase was worth approximately $83,100. The position represented roughly 0.0014% of ARKK’s portfolio, making it a small allocation within the fund but another addition to ARKs crypto-linked investment exposure.　　BitMine has positioned itself as an Ethereum treasury company, placing ARKs purchase alongside its wider investments in publicly traded firms connected to digital assets.　　The transaction was part of a broader ARKK rebalance that also included additional purchases of X-Energy shares and sales of Figma stock. ARK also sold shares of Strata Critical Medical, ATAI Life Sciences and Elbit Systems across its funds, according to the disclosures.　　3iQ Solana Staking ETF receives $168K allocation　　ARKs ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF) also increased their

07-25Industry

Federal Reserve Rate Hike Bets Surge as Oil Crosses $100 Mark

TLDR:Federal Reserve rate hike odds climbed to 38% after Brent crude crossed $100, reversing the markets earlier confidence in near-term rate cuts.Two-year Treasury yields reached 4.37%, while the ten-year yield approached 4.7%, increasing financing pressure across stocks, housing, and crypto.June CPI cooled to 3.5%, but May PCE inflation reached 4.1%, leaving policymakers divided before the July 28–29 policy meeting.Bitcoin traded near $64,000 as higher bond yields and stronger cash returns reduced the appeal of volatile, non-yielding risk assets.　　Investors have sharply increased bets on a Federal Reserve rate hike after Brent crude briefly moved above $100 a barrel. The surge followed renewed supply fears linked to the Iran conflict and shipping risks across key Middle East routes. Futures markets now assign a 38% chance of a quarter-point increase on July 29, up from 13% one week earlier.　　Rising oil prices have also lifted Treasury yields and tightened financial conditions across global markets. Bitcoin traded near $64,000 during a volatile trading week. Investors reassessed demand for risk assets before next weeks scheduled Federal Open Market Committee policy decision.　　Brent Crude Oil Last Day Financ (BZ=F)Federal Reserve Rate Hike Bets Rise as Oil Fuels Inflation　　Brent crude settled above $100 on Thursday after gaining 7% during

07-25Industry

Hyperliquid Sees $32,898,942 HYPE Whale Transfer as Price Falls

Blockchain data tracker Whale Alert recently reported the transfer of 557,902 HYPE tokens valued at $32,898,942 within the last 24 hours.　　Whale Alert reported that 557,902 HYPE worth $32,898,942 was transferred from an unknown wallet to HyperCore, the core trading infrastructure of the Hyperliquid blockchain.　　HyperCore is the native financial and trading execution engine for the Hyperliquid Layer 1 blockchain, running fully on-chain spot and perpetual order books.　　While details about the intent of the transaction were scant per Whale Alerts reporting, on-chain analytics platform Lookonchain reported a similar move, which might provide further details.　　You Might Also Like　　Lookonchain reported that a whale received 557,902 HYPE from FalconX and deposited it into Hyperliquid for staking. Going by this, the reason why the 557,902 HYPE might have been moved to the HyperCore platform was to stake it.　　This follows an increase in staking activity by whales or large holders. On July 24, Lookonchain reported a whale who staked 2.93 million HYPE worth $172 million. Within 24 hours, 19 wallets (likely belonging to the same whale) deposited 2.93 million HYPE into Hyperliquid and staked it.　　Hyperliquid price action　　At the time of writing, HYPE was down 1.59% in the last 24 hours to $57.48, extending a drop since the

07-25Industry

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