CASHCAT Falls 75% from Peak After Hyperliquid Perp Listing

The Robinhood Chain memecoins slide has erased most of a 4,000% run, even as its spot price held through a 60% perp wick that liquidated leveraged traders.  CASHCAT, the flagship token of the two-week-old Robinhood Chain, has fallen roughly 70% from its record high, unwinding most of the run that briefly carried its market value above $200 million after leveraged trading arrived.  Discover more  Brokerages & Day Trading  Distributed & Cloud Computing  Digital Currencies  The token changed hands at about $0.065 on Friday, down about 70% from its all-time high of $0.2278 set on July 11, according to CoinGecko. CASHCAT dropped about 25% in the past 24 hours and roughly 58% over the past week. Bitcoin was little changed over the same 24 hours and Ether fell about 2%, according to CoinGecko. The tokens market value stood near $63 million, down from a peak of $200 million.  The decline shows how quickly a thin, newly created token can retrace. CASHCAT existed for under two weeks before Hyperliquid, the largest onchain perpetuals exchange by volume, and Binances wallet added leveraged markets, drawing speculative flows into an asset backed by shallow spot liquidity.  ‘Not an Endorsement of the Project’  Hyperliquid listed CASHCAT perpetual futures on July 11, capping the market at

07-18انڈسٹری

New XRP Stake Revealed by Colorado-Based Wealth Manager

Institutional XRP ETF holdings keep growingT. Rowe Price launches ETF with XRP exposure  A Colorado-based wealth manager has disclosed a new investment in the Canary XRP ETF.  It is yet another institutional firm that has gained exposure to XRP through recently launched exchange-traded funds.  According to a Form 13F-HR filed with the U.S. Securities and Exchange Commission on July 17, Gallacher Capital Management LLC reported holding 86,744 shares of the Canary XRP ETF ($961,126 as of June 30).  Big News for XRP: Ripple Officially Listed on ESMAs MiCA Register  Airbnbs Brian Chesky Breaks Silence on Crypto Hack  Institutional XRP ETF holdings keep growing  Gallachers disclosure follows several other recent 13F filings showing fresh institutional exposure to XRP-linked investment products.  On July 16, registered financial advisor Vista Finance reported owning 129,958 shares of the Franklin XRP Trust ETF, with a market value of roughly $11.45 million at the end of the second quarter.  You Might Also Like  A day earlier, CPR Investments, a Michigan-based registered investment adviser, disclosed a new position in the ProShares Ultra XRP ETF. According to its SEC filing, the firm held 36,619 shares valued at approximately $363,627.  T. Rowe Price launches ETF with XRP exposure  In the meantime, yet another product with XRP exposure was recently launched in the

07-18انڈسٹری

Watchdog Finds Serious Gaps In IRS Contractors' Taxpayer Data Security

TIGTA identified deficiencies in physical security controls designed to safeguard taxpayer data, security vulnerabilities in the information systems used to process taxpayer information, and weaknesses in information system configuration controls.  getty  The IRSs effort to convert paper tax documents into digital records is supposed to make tax administration faster and less dependent on manual processing. But a new watchdog memo raises serious questions about whether the private contractors entrusted with that work are adequately protecting taxpayer information.  In an alert focused on the IRSs Zero Paper Initiative (ZPI), the Treasury Inspector General for Tax Administration (TIGTA) identified several issues, including physical security failures, unresolved computer vulnerabilities, and weak system configuration controls at two contractor facilities.  The findings raise concerns about taxpayer privacy and the IRS‘s use of private contractors who were permitted to handle some of the federal government’s most sensitive records without consistently meeting IRS security requirements.  That would be concerning under any circumstances. It is particularly so after the massive disclosure of taxpayer information by Charles Edward Littlejohn, a former IRS contractor employed by Booz Allen Hamilton. The leak returned to the news after a federal judge recently nixed the Trump administration‘s proposed settlement of the president’s lawsuit over Littlejohns disclosure of his

07-18انڈسٹری

CASHCAT Plummets 65% in a Week: The Doom of Another Meme Coin or New Pump Loading?

Several market observers have labeled the meme coin a scam, warning investors to stay away from it.  Earlier in July, the cat-themed meme coin defied the ongoing bear market by posting a whopping 2,000% weekly increase. Its ascent was primarily driven by the tokens affiliation with the official Robinhood platform, which recently introduced its own blockchain, as well as backing from Binance.  However, the uptrend came to an abrupt end, and over the past seven days, CASHCAT has crashed by more than 65%, raising the question of whether the hype is over.  The Traders Experience  CASHCAT, which exploded to $0.22 on July 12, is now worth roughly $0.05 (per CoinGecko), and some market observers have started speculating that it will hardly reclaim its previous peaks and instead collapse even lower.  CASHCAT Price, Source: CoinGecko  Meanwhile, savvy traders have taken advantage of the meme coins decline. According to the analytics platform Lookonchain, one individual began shorting CASHCAT two days ago and is now sitting on over $500,000 in unrealized profits. Of course, this has prompted allegations of insider information that the rest of the market participants were unaware of.  However, not all benefited from the token‘s wild trajectory. One trader made a paper loss of $460,000 due to

07-18انڈسٹری

SpaceX stock sinks to post-IPO low after Starship launch abort

SpaceX stock has fallen nearly 5% to a post-IPO low of $125 after the company aborted Starships 13th test flight shortly before liftoff.  SummarySpaceX stock fell nearly 5% to $125, slipping below its $135 IPO price.SpaceX aborted the Starship launch after two Super Heavy booster engines failed to ignite.Elon Musk confirmed engine replacements ahead of another launch attempt scheduled for July 20.  SPCX has slipped below its $135 initial public offering price and lost about 35% over the past 30 days. The decline extends a losing streak that began after enthusiasm surrounding SpaceXs public debut cooled and early investors started taking profits.  Source: Yahoo Finance  Selling accelerated after SpaceX halted its latest Starship launch during pre-flight procedures. According to the company, at least two Raptor engines on the Super Heavy booster failed to ignite, preventing the rocket from proceeding with the planned test.  CEO Elon Musk later confirmed that SpaceX would replace the affected engines before making another launch attempt. His update pushed the flight into the following week, adding a fresh setback for a stock already trading well below its post-IPO peak.  To be confident of a good flight, 2 Raptors will be removed t have been in the stock in the first place.  Before the

07-18انڈسٹری

INJ price prediction – Can Injective's SEC filing trigger a breakout above $5.20?

Injective [INJ] traded back above $5as the token attempted to extend its recovery from June lows, with buyers now facing resistance around the $5.20region.  The latest price move comes as Injective filed its transfer agent registration with the U.S. Securities and Exchange Commission [SEC]. This is part of the blockchain networks push to bring on-chain regulated real-world assets [RWAs] and securities infrastructure.  Injective files for SEC transfer-agent registration  Injective announced on July 16 that it had officially filed its transfer agent registration with the SEC.  Transfer agents maintain official ownership records for securities and process changes when those assets change hands. Injective wants to bring this function on-chain, allowing the ownership record to exist on the same blockchain as the tokenized security rather than relying on a separate off-chain database.  According to Injective, moving the transfer-agent function on-chain could allow market participants to record and transfer ownership of tokenized securities within seconds while reducing the need for multiple intermediaries to reconcile transactions.  The filing begins the registration process and should not be interpreted as SEC approval or confirmation that Injective is already operating as a registered transfer agent.  Regulatory push extends beyond the U.S.  The SEC filing forms part of Injectives broader push to expand its regulated financial

07-18انڈسٹری

John Deaton Says 4,000 XRP Holders Helped Secure Ripples SEC Victory

Ripples win over the US Securities and Exchange Commission (SEC) had a hidden weapon. Attorney John Deaton says nearly 4,000 XRP holders helped swing the case by telling their stories to the court.  Deaton represented those holders as a friend of the court. He shared how they shaped the outcome, with the revelation coming only days after the ruling turned three years old.  The Judge Read the Holders Stories  Judge Analisa Torres issued her order on July 13, 2023. XRP itself is not a security, she ruled. However, $728.9 million in direct sales to institutions broke securities law. Sales to everyday buyers on exchanges did not.  Ripple paid a $125 million fine in 2024. The case formally closed in August 2025, when both sides dropped their appeals. The fight almost killed the company first. CEO Brad Garlinghouse admits Ripple nearly shut down rather than face the SEC in court.  So where do the holders come in?  Deaton collected sworn statements from almost 4,000 of them. By his account, Torres cited those statements in her decision and very little else.  “Out of the thousands of exhibits submitted in the case overall, in her final summary judgment decision, she only cited to several dozens exhibits. XRP holder affidavits was

07-18انڈسٹری

Wintermute-Backed Pascal Raises $9M as USV Bets Big on Prediction Markets

Key HighlightsUnion Square Ventures (USV) led Pascal‘s Series A, taking the prediction markets startup’s total funding to $15 million.Wintermute Ventures and DBA previously backed Pascal during its seed funding round.USV believes prediction markets are entering a new phase where trader-focused infrastructure can challenge existing leaders like Polymarket and Kalshi.  Pascal:- It was a deal at first sight for Union Square Ventures and Pascal. The $3 billion VC giant, said it knew after its first meeting with founders Ivo Crnkovic-Rubsamen and Matthew Downey that it wanted to partner with them..  The venture capital giant is best known for backing category-defining companies, such as Coinbase, X (formerly Twitter), Etsy and Tumblr, the nearly $3 billion VC firm.  Now, USV has led Pascal‘s Series A funding round, bringing the Wintermute-backed prediction markets startup’s total capital raised to $15 million.  The latest investment marks Pascals first institutional round led by USV after previously raising seed funding from DBA and Wintermute Ventures. While the company did not disclose the size of the Series A separately, the latest raise brings its cumulative funding to $15 million.  Pascal – The Exchange of Prediction Markets?  Interestingly, Pascals founders Ivo and Matthew are two former traders who previously worked together at decentralized derivatives exchange dYdX.  Discover

07-18انڈسٹری

Gold climbs as Iran war premium revives Fed hike risk

Gold edges higher by some 0.92% on Friday as the US-Iran conflict boosted energy prices, which ultimately drive inflation higher, increasing expectations that the Federal Reserve (Fed) might need to raise interest rates. At the time of writing, the XAU/USD trades at $4,013, after reaching a daily low of $3,959.  XAU/USD rises as Middle East escalation revives inflation fears  Attacks between the US and Iran soured market sentiment despite the ongoing recovery in US equity markets. Newswires revealing a further escalation of the war are pushing the non-yielding metal higher.  Axios reported that the Trump administration is sending dozens of additional refueling planes to Israel in preparation for a potential expansion of military operations.  Data-wise, the University of Michigan Consumer Sentiment for July improved. From 50.7 to 54, due to lower gasoline prices at the pump, the report revealed. Inflation expectations for one year dipped from 4.6% in June to 4.2%, and for five years were steady at 3.3%.  Aside from this, Cleveland Fed President Beth Hammack was hawkish and expressed concern about persistent high inflation, which is at the top of her list, adding that “inflation is too high.” Hammack added that the labor market is solid and that “growth numbers are good and

07-18انڈسٹری

FTX to distribute roughly $900 million to creditors in fifth wave of payouts

Quick TakeEligible recipients of this “fifth distribution” are expected to receive their funds within three business days starting July 31.In March, FTX distributed $2.2 billion to creditors.  FTX said it will start distributing roughly $900 million to creditors beginning at the end of the month, according to an announcement from Friday.  This marks the fifth distribution for the failed crypto exchange plans on making as part of its bankruptcy. In March, FTX distributed $2.2 billion to creditors. So far, the companys bankruptcy estate has distributed nearly $10 billion to creditors and other claimants since repayments began in 2025.  Similar to last distribution, eligible recipients part of the companys Chapter 11 bankruptcy plans Convenience and Non-Convenience classes are expected to receive their funds within three business days, paid out by BitGo, Kraken, or Payoneer.  The exchanges convenience class typically refers to the retail traders and smaller creditors who comprise the vast majority of FTXs creditor base, whereas the non-convenience designation involves larger or more complex claims.  FTX‘s bankruptcy estate has generally tried to repay retail creditors between 118% and 142% above the value of their holdings at the time of the exchange’s collapse in 2022, though it has also faced criticism for not repaying assets in

07-18انڈسٹری
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