Crypto news

WhiteFiber Inc., the high-performance computing (HPC) and AI infrastructure subsidiary of Bit Digital (NASDAQ: BTBT), has launched its initial public offering. The company is offering 7,812,500 ordinary shares at a proposed price range of $15.00 to $17.00 per share, with underwriters granted a 30-day option to purchase an additional 1,171,875 shares. Upon listing under the ticker WYFI on the Nasdaq Capital Market, WhiteFiber will become a publicly traded provider of AI-focused cloud and data center services. 🚀💸

Behold, Bitcoin’s RSI, that solemn oracle of market moods, has cooled to a mere 40, whispering that the rally needed a nap. 🛌 The altcoins, those giddy fools, were hit harder than a Gogol protagonist at a bureaucratic office. Ethereum shed 2.70%, now languishing near $3,434. XRP, poor soul, plummeted 6.70%, while Binance Coin (BNB) fell 2.97%. Solana (SOL) slipped 2.42%, Cardano (ADA) dipped 1.12%, and Dogecoin (DOGE) lost 3.39%. Even SUI, that obscure jester, declined by 3.41%. What a carnival of despair! 🎪

The XRP Ledger (XRPL), in its 13th year, has witnessed a meteoric rise, recording over 70 million transactions in July 2025 alone. This ancient yet youthful blockchain continues to defy expectations, drawing in new souls at a pace that would make a hare blush. 🌟

So, SharpLink Gaming, the cool kid on the blockchain block, just threw down a hefty $53 million into Ethereum, snagging about 14,933 coins at roughly $3,550 each. This isn’t your average buy — it’s basically the company’s way of saying, “Hey, world, we believe in digital gold.” The smart move was spotted by some on-chain eagle named EmberCN on X (formerly Twitter), and let’s just say, everyone’s talking about it like it was the plot twist in a crypto soap opera.

“We’re somewhere in the $3,000–$4,000 ballpark,” he declared (one imagines this over a breakfast of protein shakes and existential optimism), “but my instinct”—love a good instinct—“says we’ll be above $4,000 by year-end, not below $3,000.” Apparently, those who actually have track records on CNBC are listening. And now he’s hinting at a big Ethereum rally that might even make Bitcoin look like its slightly less glamorous cousin for the next few months. Sorry, Bitcoin—don’t shoot the messenger! 😬

According to Galaxy’s latest scandal—er, study—there’s a new breed of firms, dubbed Digital Asset Treasury Companies, or DATCOs for short, who are hoarding nearly 792,000 BTC—roughly $93 billion—and 1.31 million ETH, which is a modest $4 billion. Because of course, nothing says stability like stacking digital coins with a jazz hand. These companies are flirting with about 4% of all Bitcoin and 1.1% of Ethereum’s supply, carving out a slice of the crypto pie while playing with their treasury like a cat with a ball of yarn—only this yarn is worth billions. They’re mixing digital gold, cash, and maybe even some shiny trinkets, staking ETH like some high-stakes poker players trying to turn idle assets into even more idle assets. 🃏

Per Fox News—the trusted source of everything except, arguably, calm nerves—two men allegedly kidnapped an Italian millionaire, Michael Valentino Teofrasto Carturan, who seems to be saving up for a very exclusive pizza, given that his Bitcoin hoard reportedly topped $100 million. The accused: John Woeltz, 37, and his comrade-in-bad-decisions, William Duplessie, 33.

The Ethereum Layer 2 project, Linea, hath finally unveiled its tokenomics with a flourish of pyrotechnics. Lo, the LINEA token shall not be a mere gas or governance trinket but a companion to ETH, bound by a fiery burn system designed to immolate both supplies. A mere fifth of its 72 billion tokens shall grace the market at launch, while the remainder slumbers in an ecosystem fund, guarded by a cabal of Web3 titans. How quaint! 🧙‍♂️🔥

JPEX and HyperVerse? They strutted with event sponsorships, promising credibility thicker than a Cambridge mustache. Naturally, they collapsed faster than a soufflé under investigation, leaving investors clutching their pearls and losing billions. 💸

According to a survey from Deloitte published on July 31, there’s a big ol’ shake-up in the North American corporate world. Almost a quarter—yes, 23%—of CFOs from these million-dollar money makers say they’re fixin’ to have cryptocurrencies snuggled into their treasury departments within the next couple of years. They’re talkin’ about payin’ bills or ever-seein’ some investment growth with these digital doodads. And let me tell you, folks—these ain’t no backroom misfits; this is the big leagues. The survey, gathered in June of 2025 from 200 of these financial captains, makes it clear that crypto ain’t just some fly-by-night nonsense anymore—it’s inching its way into the main office. 🧐