Former 100x Token DEXE Crashes 97%: Why Are Small-Cap Coins That Surge During Bear Markets a Trap?

Recently, two prominent crypto figures on X, @blmario669 and @choc07_, highlighted the same issue: DEXE, once considered a potential 100x gem, plunged from $46.9 to $5.6 within a single day, an 88% drop. (It has since fallen to a low of $1.5, representing a 97% decline.) During the crash, a large investor reportedly suffered losses of nearly $1.7 million, equivalent to more than 10 million RMB.  The sharp decline in DEXE has drawn attention toward market maker DWF Labs, which was accused of using the Ceffu MirrorX mechanism to bypass on-chain monitoring and execute a large-scale sell-off.  For more detailed information, please refer to: @blmario669 and @choc07_.  DEXE operates in the decentralized social trading and asset management sector. In October last year, it followed the broader market downturn and dropped to a low of $0.136. However, starting in February this year, it went against the market trend and entered a five-month consecutive rally, reaching $49.4 on July 13. The token recorded a peak gain of more than 360x, making it a true “100x coin.” Its market capitalization ranking also surged from outside the top 100 into the top 50.  However, just seven days after reaching its all-time high, on July 21, DEXE suffered an

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Bitcoin miners‘ AI pivot loses Wall Street’s wow factor

Bitcoin miners pivot into artificial intelligence and high-performance computing (HPC) is reshaping their business models, but investors are no longer rewarding new infrastructure deals with the same enthusiasm they once did, suggesting the market has become more discerning as AI hosting strategies move into the mainstream.  According to new analysis by Blocksbridge Consulting published in TheEnergyMags Miner Weekly, the market reaction to AI infrastructure announcements has weakened significantly over the past two years. Reviewing 25 AI and HPC infrastructure deals announced between June 2024 and August 2026, the report found that the average announcement-day stock move fell from roughly 24% for the earliest deals to about 10% for the most recent ones. Median gains also dropped by roughly half over the same period, even as the size and value of the contracts increased.  The report found that annualized revenue per contracted megawatt has edged higher over time, indicating that AI hosting agreements are becoming more lucrative. However, as such deals become increasingly common, investors appear to be placing greater emphasis on execution, financing and long-term profitability than on headline contract values alone.  AI infrastructure deals are becoming more valuable, but less market-moving. Source: TheEnergyMag  That shift is evident in how the market has responded

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Bitcoin treasury trade ‘breaking’ and fund holdings drop 10%: Analysis

Bitcoin (BTC) institutional investment vehicles have shed 10% of their BTC holdings since May as analysis warns of a “breaking” sector.  Key points:Bitcoin institutional funds see a blanket 10% reduction in holdings over three months.Analysis says that the Bitcoin treasury model is “breaking” as company valuations fall below net asset value.Coinbase premium has been negative for a record 93 days.  Fund exposure drops as Bitcoin treasury companies face squeeze  Data from onchain analytics platform CryptoQuant shows that combined institutional BTC exposure, which includes trusts, exchange-traded funds (ETFs) and closed-end funds, has fallen from 1.33 million to 1.20 million BTC over three months.  Bitcoin fund holdings. Source: CryptoQuant  The drawdown comes as another major Bitcoin institutional investment vehicle, corporate treasuries, faces upheaval. Business intelligence software company Strategy, which holds the largest Bitcoin treasury of any public corporation, sold 1,638 BTC last week.  “Bitcoin treasury companies once amplified demand through a reflexive financing loop. Their shares traded above the value of their Bitcoin holdings, allowing them to issue equity or debt, buy more Bitcoin and reinforce the premium. That mechanism weakens when market capitalisations fall below net asset value, and financing becomes dilutive,” contributing analyst Novaque Research commented.  CryptoQuant highlights the plight of several Bitcoin treasury companies with stock

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JPYC raises $38 million Series B led by major Japanese logistics firm AZ-COM Maruwa

SummaryJPYC Inc. raised 6 billion yen ($38 million) in an extension of its Series B funding round to accelerate the expansion of its yen-pegged stablecoin.New investors in the latest round include AZ-COM Maruwa Holdings, a major Japanese logistics company.AZ-COM has plans to settle payments in JPYC with its clients, which included Amazon Japan.  JPYC Inc. raised 6 billion yen ($38 million) in an extension of its Series B funding round to accelerate the expansion of its yen-pegged stablecoin.  The investment brings the companys total raised to $106 million across seven funding rounds since November 2021, according to venture capital data site Tracxn.  New investors in the latest round include AZ-COM Maruwa Holdings (9090), a major Japanese logistics company.  AZ-COM plans to settle payments in JPYC with its clients, including Amazon Japan. Its network of around 2,300 partners is made up of subcontractors, drivers and so on. The move marked the first large-scale corporate use of a stablecoin for daily business operations in Japan.  JPYC is one of the most prominent stablecoins pegged to the Japanese yen with a market cap of $55.5 million, according to data tracked by CoinGecko.  Stablecoins are digital tokens pegged to the value of a traditional financial asset, usually a fiat currency.

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Power struggle erupts at Ondo Finance after founders death

According to the complaint, Allman appointed herself to the board, adopted an interim policy allowing ordinary business operations to continue, reaffirmed De Bode as president and requested basic corporate information, including a shareholder list, while expressing a desire to work collaboratively.  The estate said those efforts failed after De Bode and the companys outside counsel refused to recognize her actions or provide the requested corporate records. Kathleen Allman subsequently expanded the board, appointed new directors and, at a July 24 board meeting, voted to remove De Bode from all company positions while appointing herself chair and interim CEO.  The filings characterize Kathleen Allmans leadership as transitional rather than permanent, arguing that her objective is to stabilize governance while the board searches for Nathan Allmans long-term successor and ensure the business continues operating without interruption.  The estate is seeking an expedited ruling because uncertainty over who controls the company could affect contracts, expenditures, equity issuances and other corporate decisions, the filings said.  The court has not ruled on the allegations, and the filings reflect only the estates version of events.  The Ondo Board of Directors said in a separate emailed statement that it “remains committed to our founder Nate Allmans belief that onchain markets are the

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Bitcoin price slips below $65K after US jobs data

Bitcoin fell below $65,000 on Thursday after stronger-than-expected U.S. jobless claims data reinforced concerns that the Federal Reserve could keep interest rates elevated.  Bitcoin price rejected near $65,000  According to data from crypto.news, Bitcoin (BTC) price traded at $64,384.27 at press time, marking a 0.69% decline over the previous 24 hours. The pullback followed another unsuccessful attempt to break through the $64,800–$65,000 resistance zone.  BTC had recovered from approximately $62,400 earlier in the week and briefly tested the upper end of its recent range. However, buyers failed to secure a daily close above $65,000, allowing sellers to regain control near the psychological level.  The rejection pushed Bitcoin toward $64,000, which has emerged as its nearest short-term support. Holding that level would keep the latest recovery structure intact, while a sustained break below it could expose the lower part of the range.  Bitcoin has remained sensitive to U.S. economic releases because stronger data can reduce expectations for monetary easing. Higher interest rates generally make yield-bearing assets more attractive relative to risk assets such as cryptocurrencies.  US jobless claims beat expectations  The latest labor data showed that seasonally adjusted initial unemployment claims reached 199,000 during the week ending Aug. 1, according to the U.S. Department of Labor.  Claims increased by

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Canaan taps $130M crypto reserve for stock buybacks

Canaan has authorized management to sell part of its Bitcoin and Ethereum holdings to finance share repurchases under an existing $30 million program.  SummaryCanaans crypto treasury was worth about $130 millionas of Aug. 3.The miner held 1,915 BTC and 3,952 ETHat the end of June.Canaan had spent $2 millionon buybacks as of May 19.Its Nasdaq-listed shares must regain the $1 minimum bid priceby Jan. 11, 2027.  Canaan opens crypto treasury to fund buybacks  Nasdaq-listed Bitcoin miner Canaan has authorized management to monetize part of its digital asset treasury and use the proceeds to repurchase its American depositary shares.  The purchases will fall under an existing program that allows Canaan to buy back up to $30 million of its ADSs or Class A ordinary shares during the 12 months beginning Dec. 12, 2025, according to the companys Aug. 4 announcement.  Canaan did not disclose how much cryptocurrency it intends to sell or when any sales will occur. The company also did not commit to using the entire remaining authorization.  You might also like:  Rarible launches on Solana with Claynosaurz NFTs  Canaan did not disclose how much cryptocurrency it intends to sell or when any sales will occur. The company also did not commit to using the entire remaining authorization.  Further

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Deutsche Telekom and SphereNet Is Helping Build Payment Rails for AI Agents

Giving AI the ability to spend your money – are we already there? An AI agent can now book a flight, renew software, or purchase computing power for a business. The next step is allowing that agent to complete the payment on its own.  That shift is already underway. Coinbases x402 protocol has processed 109.6 million transactions and around $15 million in adjusted volume since May 2025.  Most were tiny payments, but on a larger scale, this creates a larger problem. Someone must confirm who controls the agent, how much it can spend, and whether the recipient is legally allowed to receive the payment.  This becomes harder when stablecoins and other blockchain payments settle within seconds and generally cannot be reversed.  Sphere Labs is building SphereNet to handle that part of the process. On August 3, the company announced that Deutsche Telekom would operate a validator from the networks current testnet through its planned 2027 mainnet launch.  Checking the Rules Before Money Moves  Traditional financial institutions can investigate suspicious transactions after settlement. They may freeze an account, reverse a transfer, or attempt to recover the funds.  Instant blockchain settlement leaves far less time to intervene. SphereNet aims to move identity checks, sanctions screening, and jurisdictional rules directly

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Rarible launches on Solana with Claynosaurz NFTs

Rarible has launched its NFT marketplace on Solana after months of development, naming Claynosaurz as its first featured collection.  Rarible expands its marketplace to Solana  Rarible announced the launch on Thursday, marking its latest expansion beyond the blockchain networks already supported by its NFT marketplace.  We have a surprise…  Weve actually been working on Solana for months.  Today, were incredibly excited to finally say it:  Claynosaurz, a Solana-based entertainment and NFT brand built around animated dinosaur characters, will serve as the first featured collection. Rarible said it would onboard additional projects from across the network over the coming days and weeks.  “We‘ve actually been working on Solana for months,” the company said. “Today, we’re incredibly excited to finally say it: Rarible is now live on Solana.”  The company did not disclose how many collections would be added during the initial rollout or provide a fixed schedule for future integrations.  Rarible said its team spent several months developing and testing the Solana marketplace. It also consulted NFT communities to understand how individual projects approach their identities, cultures, and collector bases.  According to the company, feedback from those discussions shaped some of its product decisions. Rarible said it wants to create collection-specific experiences instead of merely listing assets on a standard marketplace

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Crypto bill ethics provision could let Trump defer millions in taxes: Bloomberg

Quick TakeSens. Thom Tillis (R-N.C.) and Ruben Gallego (D-Ariz.) sent Trump ethics language last week requiring him to divest from crypto-related businesses, Bloomberg reported Thursday.That provision is now critical to passing the first comprehensive federal crypto regulation.  President Donald Trump is reviewing ethics language in a bid to pass broader cryptocurrency legislation — which could result in a personal tax benefit for himself.  Sens. Thom Tillis (R-N.C.) and Ruben Gallego (D-Ariz.) sent Trump ethics language last week requiring him to divest from crypto-related businesses, Bloomberg reported on Thursday, citing people familiar with the matter. That divesture could mean that Trump would not have to pay federal taxes on his gains for years, or potentially ever, and could be worth millions of dollars in tax savings, according to Bloomberg.  That ethics language is now critical to passing the Clarity Act, the first comprehensive federal crypto regulation. Democrats have long pushed for stronger rules addressing Trump‘s crypto holdings, including the TRUMP and MELANIA memecoins launched days before his inauguration and his family’s World Liberty Financial venture.  According to Bloomberg, the latest language also allows state attorneys general to enforce the ethics provision, which is a change some senators have been advocating for. Earlier drafts, including the

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