Ondo founder’s mother seeks CEO ouster in Delaware
Ondo Finance is facing a corporate control battle in Delaware after Kathleen Allman, mother of late founder Nathan Allman, sued to remove Ian De Bode as chief executive and establish authority over the company. Summary Kathleen Allman seeks control of…
3 AIs Speculate Which Will Perform Best in the Next Bull Market
According to Gemini, PI has the potential to skyrocket by 100x, but only under specific conditions. Ripple’s cross-border token has fallen by 65% over the past year, while Pi Network’s PI and Cardano’s native cryptocurrency have crashed by around…
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. Summary Rarible is now live on Solana following several months of building and testing. Claynosaurz became the marketplace’s first featured Solana…
Analyst Forecasts Ethereum Rally to $3K After Key On-Chain Breakout
Martinez expects the next test to come around $1,980 and $2,080 before Ethereum challenges higher resistance levels. Crypto analyst Ali Martinez said on August 6 that Ethereum’s recent move above a major MVRV pricing level could open the way…
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. Summary Canaan’s crypto treasury was worth about $130 million as of Aug. 3. The miner held 1,915…
PEPE Supply on Exchanges Just Took a Massive Hit
A drop in PEPE exchange balances has added to bullish expectations despite muted trader interest. PEPE recorded a net exchange outflow of 4.54 trillion tokens in a single day, which was the meme coin’s largest daily outflow from exchanges…
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. Summary Bitcoin traded at $64,384, down 0.69% after failing to close above $65,000. Initial U.S. jobless claims…
Analyst Predicts 1,700% LDO Rally From Long-Term Support
LDO remains trapped in a multi-year downtrend, with analysts watching $0.47 as the level needed for a possible reversal. Analyst Crypto Patel said on August 6 that Lido DAO’s LDO token could recover more than 1,700% after falling nearly…
Michael Saylor says ChatGPT helped Strategy raise $15B
Michael Saylor said ChatGPT helped him design the preferred stock financing model that enabled Strategy to raise about $15 billion for its Bitcoin-focused balance sheet. Summary Saylor credited ChatGPT with helping develop Strategy’s preferred stock financing structure. Strategy raised about…
Strategy Doubles Down on BTC as it Nears $65K: Will an August Gamble Pay Off For Saylor?
In Bitcoin news today, BTC USD is trading near $64,800 as three distinct forces converged this week to reframe the asset’s risk and opportunity profile simultaneously. A Federal Reserve official opened the door to a rate hike, and a volunteer…
