Crypto news

According to Sreeram Kannan, the CEO of Eigen Labs, the decision was made with a heavy heart and a strategic mind. The company, now bolstered by additional funds from the ever-generous a16z, is shifting its focus to the development of EigenCloud. But what of the employees who are now finding themselves at a crossroads? Fear not, for Kannan assures us that they will be financially assisted in their transition, a gesture that is both noble and necessary in these trying times.

In a recent interview with David Lin, Cowen reveals his thoughts, a mix of historical insight and a dash of skepticism. “So, kind of going into this year, I thought January 20th would mark a high – at least a local high – and my view was basically that if the 2024 high held as support during the pullback, then Bitcoin could go to all-time highs again. And we held at like $70K. We went to like $74K. The high from 2024 was like $73.8K. So, we have gone to new all-time highs,” he muses, his voice tinged with a hint of irony.

On the 8th of July, a press release, as solemn as a decree from a distant monarch, announced that these two companies have entered into a definitive agreement. This agreement, like a marriage contract, binds them to raise up to $1.1 billion from a leading institutional investor, a figure that could only be matched by the dreams of kings and the treasures of ancient empires. 🏦

It’s not their first rodeo, folks! Tether and Crystal Intelligence have collaborated before, creating Scam Alert, a website that marks wallet addresses associated with scams or other nefarious activities. This helps individuals and law enforcement agencies know which wallets to steer clear of. 🚫

Now, Aptos (APT) is sitting in what we can only describe as the “Max Opportunity” zone. It’s like the universe is just begging for a rally to happen, right here, right now. 🛸 This zone, the lower boundary of a high-timeframe trading range, has been holding strong for months, and history tells us that this is exactly where the magic happens. It’s like the launchpad of rallies, heading straight for the range high. And here we are—looking at the perfect setup for both swing traders and long-term investors. Will the bulls finally show up? Time will tell! 🐂

firm ego death capital, which focuses on Bitcoin (and Bitcoin only)-based projects, has closed its second fund, totaling $100 million. 💸

Amid the swirling mists of political and financial intrigue, Yorkville and TMTG have embarked on a grand adventure, proposing a crypto ETF that could either be the dawn of a new era or a spectacularly misguided venture. 🌌

But plot twist: over the past two weeks, President Trump, FHFA’s Bill Pulte, Press Secretary Karoline Leavitt, random Congresspeople, and even Treasury Secretary Scott Bessent have decided Jerome’s starring days are numbered. The accusations? Mismanaging money, playing political puppet, and—gasp—renovating his office. The horror!

Apparently, somewhere out there, 463,000 BTC are lounging in secret government wallets. That’s 2.3% of all Bitcoin — or, as governments like to call it, “Friday night pizza money,” except it’s tens of billions of dollars. 🍕💸

Ethereum, the chief altcoin (because “chief” sounds way cooler than “most popular”), has seen a slight increase in its rate over the past 24 hours. I mean, 1.19% is basically a landslide in crypto terms 🌟.