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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

Trezor exec pushes back on ZachXBT claim that hardware wallets are 'complete garbage'

Quick TakeSanders acknowledged that hardware wallet updates can disrupt urgent, high-value transactions.Tornado Cashs Roman Storm urged mobile wallets to add BIP39 passphrases and air-gapped signing.　　Trezor Chief Commercial Officer Danny Sanders pushed back on blockchain investigator ZachXBTs recent criticisms of crypto hardware wallets.　　“All hardware wallets are complete garbage, and I do not advise using them for important tasks like signing transactions or storing funds,” ZachXBT wrote in a post on Telegram earlier this week, recommending that users instead dedicate a separate iPhone thats only used to store funds and sign transactions.　　In an interview Friday with The Blocks Gareth Jenkinson on The Starting Block, Sanders acknowledged frustrations around the criticism, especially when software or firmware updates disrupt urgent or high-value transactions.　　“I actually get it, and I agree that we have clunky solutions out there,” Sanders said. “Its really hard to build on the edge of security and usability.”　　However, Sanders argued that ZachXBT was generalizing from a use case that really only involves sophisticated users managing large sums.　　“People who have to manage a lot of value in high-stakes environments need different setups, and just a single hardware wallet is not the best solution for that,” Sanders said. “But it doesnt mean you can

07-18انڈسٹری

Cadence Design Systems (CDNS) Stock Plunges 10% Despite Strong Buy Upgrade from Benchmark

Key HighlightsCDNS shares declined approximately 10.1% during Friday‘s session, starting at $334.56 and settling near $327.25 after Thursday’s close of $364.65Benchmark analysts initiated coverage with a “Strong Buy” recommendation and established a $450 price objective earlier in the weekFirst quarter earnings per share reached $1.96, exceeding analyst expectations of $1.91; quarterly revenue hit $1.47B, marking an 18.6% year-over-year increaseFull-year 2026 EPS forecast established at $7.85–$7.95 range; second quarter 2026 projected between $2.02–$2.08Company insiders divested more than 157,000 shares valued above $60M during the previous quarter, with CEO Anirudh Devgan among the sellers　　Shares of Cadence Design Systems (CDNS) experienced a significant downturn on Friday, declining approximately 10.1% to conclude trading near $327.25 following the previous days closing price of $364.65. The opening bell saw shares priced at $334.56 with trading volume exceeding 547,000 shares.　　Cadence Design Systems, Inc., CDNS　　The substantial price decline occurred mere days following Benchmarks initiation of coverage with a “Strong Buy” designation and a $450 price objective on Wednesday — representing the most optimistic target among current analyst coverage.　　Discover more　　Content Management　　Economics　　financial　　The broader analyst community maintains an optimistic outlook on CDNS. The stock holds a “Moderate Buy” consensus rating with an average price objective of $393.65, derived from 17 analyst

07-18انڈسٹری

David Sacks challenges US AI policy after Chinas Kimi K3 tops coding test

China‘s Kimi K3 has climbed to first place on the Frontend Code Arena, prompting former White House crypto czar David Sacks to warn that US regulation could weaken America’s position in the AI race.　　Sacks described the benchmark result as concerning because Kimi K3 also performed close to leading models across several other evaluations. He argued that restrictions on data centers, state-level rules and proposed federal reviews could slow American developers while Chinese companies continue building advanced systems.　　“This is how you lose the AI race,” Sacks wrote.　　According to Sacks, the United States became a technology leader during the internet era by allowing companies to develop products without seeking government approval in advance. He believes Washington should follow a similar approach to AI while using targeted rules to address specific safety risks.　　Kimi K3 strengthens Chinas position in advanced AI development　　Moonshot AI built Kimi K3 with 2.8 trillion parameters, a one-million-token context window and native multimodal capabilities. The company designed the model for lengthy coding assignments and agent-based workflows that require systems to complete several connected tasks.　　Moonshot AI reported that its Kimi Delta Attention system delivers decoding speeds up to 6.3 times faster when processing one-million-token contexts. Its Attention Residuals technology also improves

07-18انڈسٹری

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