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BNB Chain sues ex-employee over $628K memecoin trade

BNB Chain said on Aug. 1 that it was pursuing legal action against a former employee who allegedly retained unauthorized access to a seed phrase and later used the associated wallet address with a new memecoin.　　The network said it was cooperating with authorities but did not identify the individual, jurisdiction, agency or court.　　The wallet was created for a company video tutorial showing how to generate a token, according to BNB Chains statement. The organization said the former employee later generated a new private key from the retained seed phrase. It denied creating, authorizing, promoting or participating in the new token.　　A wallet address was previously created by a former employee, which they then used to generate a token, as part of a video tutorial. That individual is no longer with the company as part of this incident.　　The individual retained unauthorised access to the associated seed phrase…　　BNB Chain distances itself from ASTEROID　　BNB Chain described the addresss later use as independent activity and said the token was not affiliated with or endorsed by the ecosystem. Its announcement did not provide a complaint, case number, named regulator or details about where the planned legal action would be brought.　　Changpeng “CZ” Zhao reposted the statement and

08-02انڈسٹری

Minnesota crypto ATM ban starts after $1M losses

Minnesotas statewide crypto ATM ban took effect on Aug. 1, 2026, stopping operators from offering virtual currency kiosks after residents reported nearly $1 million in related scam losses.　　Governor Tim Walz signed Senate File 3868 on May 5 after the measure cleared the state legislature.　　The law covers machines that exchange cash, bank credit or another virtual currency for crypto. It does not prevent Minnesotans from buying, selling or holding digital assets through lawful online services. The ban took effect as scheduled, with physical removal due by year-end.　　Minnesota crypto ATM ban stops kiosk transactions　　Under the enacted Minnesota law, businesses may no longer install, operate, maintain or make a crypto kiosk available for use anywhere in the state. Existing machines had to stop processing transactions by Aug. 1, although operators have until Dec. 31 to remove them from locations visible or accessible to the public.　　The Minnesota Department of Commerce said it is working with licensed money-service businesses to secure compliance. Assistant Commissioner Sara Payne said the department can take enforcement action, including legal sanctions and civil penalties, against operators that continue offering kiosk transactions. The public and retailers may also report machines that remain operational.　　The state had about 350 licensed kiosks operated by

08-02انڈسٹری

Ripple Lawsuit Architect Takes Over as US Director of National Intelligence

Jay Clayton becomes Americas top intelligence official on Monday. He is the same man who, as SEC chairman, sued Ripple for $1.3 billion.　　Bill Pulte announced the handover on Saturday. He has held the DNI job on an acting basis since June.　　What Jay Claytons DNI Move Means for Ripple　　Clayton ran the SEC until December 2020. On his final full day, the agency sued Ripple.　　The complaint named two executives as well. It said Brad Garlinghouse and Chris Larsen sold about $600 million of XRP themselves.　　Judge Analisa Torres gave each side part of what it wanted. Only Ripples sales to large institutions broke the law.　　She fined the company $125,035,150. She also ordered it not to repeat those sales.　　Both sides gave up their appeals on August 7, 2025. That ended the four-year case, and the fine stood.　　Now Clayton leaves finance behind for good. His new job has no power over the SEC, crypto rules, or XRP.　　That answers the question BeInCrypto asked at his June DNI nomination. XRP barely moved. It traded near $1.08 on Sunday, up 1.9% on the day.　　XRP Price Performance. Source: BeInCrypto　　The token is still down 64% over the past year.　　Pulte Returns Full Time to Housing Finance　　Pulte held two big jobs at

08-02انڈسٹری

AAVE Price Prediction: $95 Is the Line in the Sand — Break It or Bleed to $87

Iris Coleman　　Aug 02, 2026 09:56　　AAVE is stuck at $92.39 with momentum flatlined and sellers dominating short-term order flow — but top traders are quietly loading the long side. The next 30 days hinge entirely on reclaiming $95.2…　　AAVEs Technical Reality Check　　The setup here is classic no-man‘s land. Momentum has gone effectively comatose — the MACD has converged to near-zero divergence, meaning whatever directional trend was in play has burned itself out completely. Buyers aren’t stepping up with conviction, and sellers arent triggering panic. That equilibrium alone should raise your alertness, not your confidence.　　Price is sandwiched below a tight cluster of short-term moving averages — the 7-day at $95.89 and the 20-day at $94.56 are forming a ceiling, while the 50-day down at $88.67 provides a technical floor. The Bollinger Band picture reinforces this: AAVE is hovering at roughly 36% of the band range, well below the $94.56 midline, with $87 as the lower bound and $102.13 as the dream scenario if bulls wake up. The market is literally telling you that the full range of plausible outcomes over the next 30 days runs from $87 to $102.　　The one contrarian signal worth leaning into: the Stochastic oscillator is deeply depressed with %K

08-02انڈسٹری

HBAR Price Prediction: Coiled at $0.07 — Smart Money Is Loading While Retail Looks Away

Ted Hisokawa　　Aug 02, 2026 09:48　　HBAR is in a state of historic volatility compression at $0.07, with smart money running nearly 2:1 long and taker buy flow running 37% heavier than sells. The primary scenario over the next 10–21 …　　HBARs Technical Reality Check　　The HBAR chart right now is about as compressed as Ive seen on any liquid altcoin in recent memory. Every moving average — the 7, the 20, the 50-day — has flatlined at $0.07. The Bollinger Bands, which normally breathe and flex with market rhythm, have collapsed into a single indistinguishable line. When volatility gets crushed this hard, the market is storing kinetic energy. The 24-hour range is essentially a rounding error, and yet price is sitting in roughly the upper 70th percentile of those impossibly tight bands. That tells you something specific: sellers cannot push it lower even in thin, low-conviction conditions. That is not a bearish read — thats a floor holding under duress.　　The sobering counterweight is the 200-day SMA parked at $0.09, a full 28% above current price. HBAR has been in a protracted, grinding downtrend since early 2026, bleeding from the $0.11–$0.12 range down to where it sits today. Momentum indicators have converged so tightly

08-02انڈسٹری

WIF Price Prediction: Gravity Wins — $0.13 Test Imminent Before Any Hope of Recovery

Alvin Lang　　Aug 02, 2026 09:42　　WIF is pinned to its lower Bollinger Band at $0.14, sellers are running nearly 2:1 against buyers in real-time flow, and every major moving average is stacked overhead as resistance — a $0.13 test …　　WIFs Technical Reality Check　　The price action on WIF right now is about as uninspiring as it gets. Every major moving average — from the 7-day all the way to the 200-day sitting at $0.20 — is stacked above the current $0.14 print in a textbook bearish formation. That‘s not noise; that’s a trend. The MACD histogram has flatlined at zero, which doesnt signal a reversal — it signals that whatever downside momentum existed has been temporarily exhausted, not reversed. The last directional bias was clearly south, and flatlined histograms in bearish trends almost always resolve with another leg down, not a miraculous turnaround.　　RSI at 39.55 is the one number that gives bears pause. It‘s not at oversold extremes yet, meaning there’s room to fall before panic buyers step in. The Stochastic oscillator is more interesting — at 21.29 on the %K and 17.03 on the %D, it‘s edging into oversold territory and could attract tactical longs, but with the price hugging the

08-02انڈسٹری

Solana Foundations New CISO Warns AI Is Making Crypto Scams More Convincing

While crypto security conversations still center on smart contract bugs and bridge exploits, a far more personal threat is accelerating. Michael Coates, the newly appointed Chief Information Security Officer of the Solana Foundation, has publicly warned that artificial intelligence is enabling scams that are vastly harder to detect than traditional phishing. The original report details Coates view that AI vulnerabilities and synthetic identities will drive the next major wave of blockchain security failures.　　Coates‘ warning lands at a moment when Solana’s ecosystem is again attracting heavyweight developer interest. Recent developer activity data places Solana among the most active blockchain networks, a standing that naturally expands the target surface for attackers. High network usage combined with a growing retail audience creates exactly the conditions where AI-enhanced social engineering can extract the most value.　　How AI Is Reshaping the Scam Landscape　　Generative models have fundamentally changed the economics of fraud. Deepfake video calls, voice clones of known contacts, and personalised messages scraped from social platforms now cost almost nothing to produce. A scammer no longer needs broken English and a suspicious link; they can impersonate a support agent from a legitimate project with startling accuracy. Coates concern is that static security checks—passwords, seed phrases, even

08-02انڈسٹری

FILE Price Prediction: Dead MACD, Sliding MAs, and a $0.68 Test Before Bulls Get Their Shot

Rebeca Moen　　Aug 02, 2026 09:28　　FILE is trapped in bearish compression at $0.71 with nearly every moving average overhead acting as a ceiling — a flush to the $0.68 support zone looks probable before any credible recovery attempt…　　The Immediate Setup　　FILE is flatlining at $0.71 in one of the worst possible configurations for bulls. Out of the four major moving averages, the price holds above exactly one — the SMA 7 at $0.70, acting as a thin first floor. Every other average is stacked above it: SMA 20 at $0.73, SMA 50 at $0.76, the 200-day SMA at a distant $0.92. Both EMAs confirm the damage — the 12-period at $0.72 and the 26-period at $0.74 are in clean bearish order, with price wedged beneath both. That‘s not a compression setup waiting to explode higher — that’s a ceiling grid.　　The MACD histogram, sitting at absolute zero, drives the point home. This isn‘t the kind of zero that signals a bullish crossover loading up; it’s the dead calm of a market where sellers have done their work and buyers haven‘t stepped up to replace them. Momentum has flatlined, not reset. As Blockchain.news has tracked across Filecoin’s broader 2026 narrative, this token has been

08-02انڈسٹری

Binance stablecoin outflows hit $7B – Can Bitcoin defy the liquidity crunch？

Demand for crypto continues to weaken as stablecoin liquidity leaves exchanges instead of returning to the market. Binance has experienced an additional $2.2 billion in net stablecoin outflow this month, increasing 2026s total outflows to approximately $7 billion.　　Source: CryptoQuant　　These withdrawals also represent a decline in the amount of capital that can be used to purchase digital assets. This is because Binance represents nearly 70% of exchange stablecoin reserves. The flow of investor funds appears to be from one exchange to another, which reinforces a cautious risk environment.　　Although BTC has continued to trade at prices over $63,000, indicating current buyers continue to absorb available supply. Continued price stability will depend on increased demand for stablecoins before improvements in liquidity and overall market momentum.　　South Korea extends the stablecoin outflow trend　　That broader liquidity contraction is also becoming visible at the regional level, reinforcing the market-wide decline in stablecoin demand.　　South Korea recorded 18 consecutive months of net stablecoin outflows after investors moved 2.7625 trillion won to overseas exchanges in June 2026, while only 2.2022 trillion won returned. The resulting 560.3 billion won net outflow suggests capital continues leaving domestic exchanges instead of supporting local market liquidity.　　Source: X　　This trend may be indicative of a short-term

08-02انڈسٹری

INJ Price Prediction: $5.00 Is the Wall — Break It or Get Crushed Back to $4.62

Alvin Lang　　Aug 02, 2026 09:22　　INJ is coiling at its own pivot point of $4.92 with momentum completely flatlined and the $5.00 psychological ceiling sitting two cents above the market — a 70% probability setup for a near-term fl…　　Market Context: Why INJ Is Stuck in No Mans Land　　Here‘s the uncomfortable truth about INJ right now: after a mild 1% bounce on the day, the token is sitting directly on its pivot at $4.93 — neither breaking out nor breaking down. That’s not stability. Thats paralysis. The market has essentially priced in zero conviction in either direction, and that kind of indecision at a major structural level almost always resolves violently.　　What‘s driving the hesitation？ The narrative from institutional-grade forecasters hasn’t exactly been inspiring. As tracked by Blockchain.news, Injective‘s medium-term thesis has narrowed to a single execution question: can the protocol convert its regulatory filings and institutional pilot programs into actual fee-generating revenue？ Right now, the market’s answer is “well wait and see” — which is exactly the kind of environment where passive sellers bleed out impatient longs.　　Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.　　Full INJ price, calculator in context, it‘s exhaustion. When

08-02انڈسٹری

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