Latest Crypto News & Market Updates

Goldman Sachs CEO Backs Crypto Bill Despite Stablecoin Reward Opposition

David Solomon backs the CLARITY Act despite disputes over stablecoin rewards and ethics. Banks warn stablecoin rewards could drain deposits and weaken community lending channels. Democrats still seek stronger ethics and consumer safeguards before supporting the bill.　　Goldman Sachs CEO David Solomon has backed the CLARITY Act as US senators remain divided over stablecoin rewards and ethics rules. His support gives the crypto market structure bill a major Wall Street ally while banks continue to challenge parts of the proposal.　　Solomon said that he strongly supports moving the legislation forward. He said clearer market structure rules could help advance innovation in digital assets.　　Stablecoin Rewards Divide Banks and Crypto Firms　　Goldman Sachs CEO acknowledged that the bill was not perfect. He argued that it could create a level playing field, enhance market stability and allow digital-asset markets to develop appropriately.　　His position differs from that of JPMorgan CEO Jamie Dimon and major banking groups. They oppose the bills current stablecoin-reward provisions.　　Banks argue that transaction-based rewards could draw deposits away from regulated lenders. They warn that outflows could weaken community-bank funding and reduce credit for small businesses and agricultural borrowers.　　The Senate draft bans interest-like rewards on idle stablecoin balances. It still permits rewards linked to transaction-based

07-24Industry

Robinhood CEO Vlad Tenevs X Account Hacked to Promote Scam Memecoin

Key highlights:Vlad Tenevs X account promoted a bogus memecoin after a hacking incident.Tenev has since recovered the X account, but victims lost 650 ETH in the scheme.Last week Airbnb CEO Brian Cheskys X account was breached to promote tokenization.　　Robinhood CEO Vlad Tenev is the latest high-profile figure to suffer a security breach on microblogging platform X (formerly Twitter). While Tenev has recovered the X account, attackers seized the opportunity to promote a fraudulent memecoin, netting millions of dollars from unsuspecting investors.　　Vlad Tenev recovers X account as investors bleed millions　　On Thursday, Robinhood‘s communications team confirmed that CEO Vlad Tenev’s X account was hacked. The attackers pitched a Vladhood token (VLAD) to followers as the “official mascot of Robinhood Chain” using Tenevs official X account.　　To lure in victims, the hackers claimed that the token is set for an imminent listing on the Robinhood app. Robinhood Chain block explorer marked the token contract as “SCAM,” but the attacker had generated 650 ETH valued at $1.2 million in proceeds from the VLAD token.Source: Robinhood Chain Explorer　　After nearly 10 hours, Tenev recovered his account and clarified that Robinhood has not issued any cryptocurrency tokens. The CEO confirmed that a postmortem is underway to understand the

07-24Industry

Burnham‘s tax cuts ’sugarcoat the pill – further Sterling downside likely

Both the pound and gilts sold off in Thursday morning London trading before stabilising as the day progressed. Andy Burnham‘s first week as prime minister is drawing to a close, and — as is customary when a new occupant arrives at Number 10 — it hasn’t been a quiet affair.　　Beyond the usual ministerial merry-go-round, the headline-grabbers have been tax cuts to electricity bills and pub rates, and the reversal of Starmers hike to the bus fare cap.　　While encouraging on the surface, these announcements have left investors jittery, given that: a) its unclear how the cuts will be funded, and b) they raise the risk of further tax hikes or additional borrowing down the line.　　At risk of sounding overly cynical, we see an element of sugarcoating the pill here. These are cuts that are cheap to deliver but politically potent – low-cost measures with high visibility, the kind that make for good headlines without denting the public finances much on their own.　　Burnham‘s track record points to fiscal expansion rather than tightening, and we see it as inevitable that this initial round of crowd-pleasing, low-cost tax cuts will be followed by a much heftier bill at the Autumn Budget in a few

07-24Industry

If you invested $10,000 in SpaceX stock at IPO, youd now have this much

By June 16, a mere four days after the initial public offering (IPO), filling ones SpaceX (NASDAQ: SPCX) order at the original $135 or even the original opening price of $150 appeared like the best trade of 2026.　　By press time on July 24, however, the situation had changed dramatically, and there was scarcely a moment in which buying shares of SPCX would have been profitable.　　Specifically, after launching to the all-time high (ATH) of $225.64 by June 16, SpaceX stocks fortunes reversed, and the equity found its latest close at $118.24 and is, at press time in the Friday pre-market, changing hands at $117.98.　　SpaceX stock price chart. Source: Google　　Under the circumstances, had a trader managed to fill a $10,000 IPO order despite the competition, they would have suffered a $1,260.74 loss as their position diminished to $8,739.26.　　For those who succeeded at buying on the morning of June 12, the losses would have amounted to $2,134.67 as their holdings fell from $10,000 to $7,865.33.　　Why SpaceX stock price crashed after June 12 SPCX IPO　　The SpaceX situation can be explained using a combination of factors that find their foundations in the mismatch between the companys original valuation and its revenue and profits – or

07-24Industry

Akedo Price Prediction: Can AKE Extend Its 1,500% Rally Above $0.0030？

AKE surged 188% weekly as bullish momentum lifted price above all major EMAs.Open interest hit $180M, signaling stronger trader confidence and leverage growth.Exchange inflows topped $3.6M, pointing to rising activity and possible profit-taking.　　Akedo (AKE) extended its impressive rally on Thursday, attracting strong market attention after posting significant gains across daily and weekly timeframes. The token traded at $0.00251 after climbing nearly 36% over the past 24 hours and more than 188% during the last seven days.　　Rising trading activity pushed daily volume above $198 million, while the market capitalization reached approximately $57.6 million. Besides the sharp price increase, technical indicators and derivatives data suggest that traders continue building bullish positions despite growing expectations for higher volatility.　　Bullish Structure Remains Intact Above Key Support　　Akedo Price Dynamics (Source: Trading View)　　The daily chart shows AKE breaking decisively from a lengthy consolidation phase. Buyers drove the token from the long-term Fibonacci base near $0.0001703 to a recent peak of $0.0027601. Consequently, the breakout confirmed a major shift in market structure after months of limited price action.　　AKE now trades comfortably above its 20-day, 50-day, 100-day, and 200-day exponential moving averages. This alignment highlights sustained buying pressure across both short-term and long-term trends. Moreover, the Supertrend indicator continues

07-24Industry

Intel posts record $16B growth, workers rewarded with job cuts

Chipmaker Intel reported this week that quarterly revenue had risen at its quickest pace in more than 15 years — just days after it confirmed a fresh round of layoffs.　　Revenue rose to $16.1 billion, up 25% year over year, while revenue from its Data Center and AI segment skyrocketed 59%to $6.3 billion.　　However, that same data center segment is slashing headcount per Tuesdays announcement. Record data center growth led to job cuts.　　Intels July 23 intraday chart, including after-hours. Source: TradingView　　Chief Financial Officer Dave Zinsner gushed about yesterdays numbers, saying, “AI-driven compute continues to strengthen, and to support expected growth this year and next across products and foundry, we are meaningfully increasing our investments in equipment, clean room space, and substrates.”　　Intels adjusted results yesterday exclude restructuring and related charges.　　Those were, per its Q2 reconciliation, a relatively modest $170 million in restructuring. Yet for the full year, its outlook estimates a staggering $4.3 billion in restructuring and other charges.　　Intel has apparently found plenty of money for equipment, not people. And based on that full year forecast, more cuts are probably coming.　　Intels fastest-growing unit loses workers　　The new round of layoffs this week follows a much larger reduction last year that affected thousands of employees.　　CEO

07-24Industry

Nvidia to pay 2026‘s third dividend on this date; Here’s how much 100 NVDA shares will earn

According to the latest estimates, Nvidia (NASDAQ: NVDA) is scheduled to pay its third quarterly dividend of 2026 on October 2.　　The chipmaker will reward shareholders with $0.25 per share, meaning the payment will remain unchanged from the previous Nvidia dividend payout date on June 26, as per the data Finbold assessed on Dividend.com.　　Like the June payout, the upcoming dividend is a continuation of the companys new dividend policy of distributing 50% of free cash flow via dividends and share buybacks.　　Shareholders holding 100 NVDA shares will receive $25 in dividends pre-tax – a significant increase from just $1 received in April.　　Nvidia stock dividend schedule. Source: Dividend.comNew Nvidia dividend strategy continues　　With about 24.391 billion shares outstanding, the total dividend payout will amount to approximately $6.1 billion. To be eligible for the next Nvidia stock dividend, investors will have to have purchased their shares by August 27, at least according to the current estimates.　　As of press time, the companys projected three-year dividend compound annual growth rate (CAGR) stands at 262.2% for 2026 and 197.4% for 2027. On the other hand, the projected five-year CAGR is expected to exceed 116% in 2026 and 128% in 2027. The estimated 10-year dividend CAGR is projected at

07-24Industry

Poolin files for bankruptcy after collapse from bitcoins biggest mining pool

Bitcoin mining company Poolin has filed for bankruptcy alongside its two U.S. affiliates Lonestar Dream and Lonestar Taproot with estimated liabilities between $100 million-$500 million, TheEnergyMag reported on Friday.　　The Singapore-based firm, which once dominated the industry, filed for Chapter 11 protection in New Jersey on July 22 with debts of around $173 million,　　A $52 million bid for two mining sites in West Texas is currently on the table from Thor CALAP LLC. The sites represent the better part of the companys assets.　　Poolin was one of the biggest mining pools in bitcoin at its peak meaning more bitcoin was being mined through Poolin than through any other single pool on earth. Glassnode data shows its share of global hashrate reached roughly 18-20% in 2019.　　Users were already complaining about withdrawal delays on Poolin‘s Telegram channels in late 2022, a period plagued by crypto companies facing liquidity squeezes as that year’s market downturn came to a head. Co-founder Kevin Pan acknowledged in a WeChat post that the company was “facing liquidity problems” while insisting user funds were safe.

07-24Industry

3 Million SHIB Sent to Dead Wallet, but Burn Rate Stays Low

Shiba Inu has seen over 3 million tokens burned in the last 24 hours, yet its burn progress remains slow.　　The daily burn rate remains in the red and is down 15.80% while the weekly and monthly burn rates stay down by 28.12% and 37.44% respectively.　　59.77 million SHIB worth $251 was burned in the last seven days, culminating in 286.85 million SHIB being burned in the last 30 days.　　Robinhood CEO Breaks Silence on Crypto Hack　　Cash Cat (CASHCAT), Solana (SOL), XRP and Dogecoin (DOGE) Price Analysis for July 24: Recovery Hype Goes Out　　The total SHIB burned from the percentage supply is still at 41.08%, which shows that there is consistent burning of tokens but not enough to make a dent in the SHIB supply just yet.　　You Might Also Like　　A total of 410,840,447,753,352 SHIB have been burned in 21,266 transactions so far; contributing to this significant figure is Ethereum creator Vitalik Buterins massive 410 trillion SHIB burn in May 2021.　　SHIB stays quiet　　Shiba Inu continues to remain calm in the market as the price seeks a bullish catalyst to make a positive move. At the time of writing, SHIB was down 1.63% in the last 24 hours to $0.000004164 but up 0.82% weekly.　　A shallow

07-24Industry

KAITO crypto Analysis: July 2026 Insights and Key Levels

As of July 24, 2026, an asset trades at $1.05against USDT, having cleared every major daily EMA and pushed above the $1.00 psychological threshold. The setup looks clean, but the daily RSI sits at 77.14— deep in overbought territory — while the broader market flashes a Fear reading of 28.　　Asset — daily chart with candlesticks, EMA20/EMA50 and volume.Key takeawaysThe asset has cleared all daily EMAs and broken above the $1.00 psychological level as of July 24, 2026.The daily RSI reading of 77.14 places the asset deep in overbought territory, signaling potential exhaustion.The broader crypto market shows a Fear & Greed Index of 28, with total market cap declining 1.15% in 24 hours.Intraday timeframes (1H and 15M) show consolidation with compressed Bollinger Bands, indicating an imminent expansion move.Key levels to monitor: support at $1.01 (S1) and resistance at $1.07 (R1).　　The Macro Backdrop: Strength in a Cautious Market　　The wider crypto market is not providing a tailwind right now. Bitcoin dominance sits at 56.70%, per CoinGecko data, signaling that capital still gravitates toward the largest assets rather than rotating freely into mid- and small-cap tokens. Total crypto market capitalization stands at approximately $2.30 trillion, but the 24-hour decline of 1.15% confirms that sellers

07-24Industry

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