Binance and Coinbase wallets just dumped millions worth of Ethereum, and they didn’t do it quietly. This was a coordinated takedown to flush leveraged longs. Once the market collapsed and those positions were gone, the same hands that sold started pumping the price right back up. The Friday crash didn’t come out of nowhere. The entire crypto market had been sliding for days, and then it buckled. More than $708 million in liquidations hit across the board, most of them long positions. Traders using leverage got wiped out. Ethereum was hit harder than most, dropping from $4,000 to $3,500 in five days. That’s a 10% drop. Traders lose billions as tensions rise At the same time, Bitcoin dropped from nearly $120,000 to $114,000. That 5.6% dip followed a brief recovery attempt after the Fed left interest rates unchanged. But macro pressure didn’t let up. U.S. jobs data came in weaker than expected. And then Mr. Donald Trump told reporters he’d ordered nuclear submarines toward Russian waters. That statement triggered a new round of panic selling. Glassnode analysts warned days earlier that Bitcoin’s rally could collapse under pressure. They said a fall below $110,000 would likely speed up selling, which would usually lead to another surge. That pattern has played out before. During Trump’s first round of tariff announcements, Bitcoin dropped from $100K to $75K. It wasn’t forgotten. The recent downturn has been brutal. More than 160,930 traders lost positions in the crash. That included over $600 million in longs. Bitcoin’s collapse and Ethereum’s faster decline drained around $500 billion from the overall crypto market. The Crypto Fear & Greed Index dropped to 55, a noticeable slide from previous highs. ETFs dump Ether after record inflows The selloff didn’t just hit spot traders. After a 20-day streak of inflows, Ethereum ETFs broke their run with a total $152.26 million outflow on Friday. The money pulled out came after weeks of inflows that pushed Ethereum higher. Now the trend has reversed. Grayscale’s ETHE lost the most with $47.68 million in withdrawals. Bitwise’s ETHW followed, bleeding $40.30 million. Fidelity’s FETH posted $6.17 million in outflows. Only BlackRock’s ETHA saw no movement, staying flat with $10.71 billion in total assets. Combined trading volume across all Ethereum ETFs hit $2.26 billion for the day. Grayscale led again with $288.96 million in trades. That volatility lines up with the broader crypto market chaos. Just days before, on July 16, Ethereum ETFs saw their highest daily inflow ever, $726.74 million. On July 17, another $602.02 million came in. Those back-to-back records pointed to massive demand. But Friday’s flip shows how fast momentum can vanish. While retail got crushed, institutions are still buying. Standard Chartered reported that corporations have been acquiring Ethereum at twice the rate of Bitcoin. Since June, crypto treasuries picked up 1% of the total ETH supply. Geoff Kendrick, Head of FX Research at the bank, said the buildup, along with the ETF inflows, was a major reason Ethereum had been climbing in recent months. He said that if demand stays at this pace, ETH could cross back over $4,000 by the end of the year. Looking forward, Geoff said treasury holdings could rise to 10% of total ETH supply. He pointed to the benefits of staking and DeFi as the main drivers. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
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Alex Rampell, partner at US-based venture capital firm Andreessen Horowitz (a16z), warned of a new wave of pressure on the cryptocurrency and fintech sector. While the anti-crypto “Operation Chokepoint 2.0” may have ended under the Biden administration, major US banks are now attempting to suppress competition by launching their own version, dubbed “Operation Chokepoint 3.0,” according to Rampell. Rampell stated that banks are charging excessively high transaction fees, restricting data access, and even blocking some apps entirely to make it harder to transfer money to crypto and fintech apps. He argued that major financial institutions like JPMorgan, in particular, are aiming to drive out emerging competitors like Coinbase and Robinhood by making it more expensive to transfer money to platforms like these. Related News: White House Crypto Advisor Bo Hines Announces Bitcoin News: “Strategic BTC Reserve Efforts Will Accelerate” “This new initiative is clearly aimed at stifling competition rather than creating a new revenue stream. If banks like JPMorgan continue these practices, all others will follow,” he said. Rampell also reminded the public that Section 1033 of the Dodd-Frank Act guarantees consumers' right to access their financial data. He noted that the Consumer Financial Protection Bureau (CFPB) is responsible for enforcing this law. He added that while some controversial steps have been taken in the past, preserving Section 1033 ensures consumer choice and competition. One of Rampell's most pointed criticisms was that simple bank information, such as the account and routing numbers found on checks, incurs high fees when shared electronically. Rampell said this approach prevents consumers from accessing more favorable service and increases their dependence on large banks. “If it costs $10 to transfer $100 to Coinbase or Robinhood, maybe people will stop doing it. Or they will have to accept a worse offer from a bank like JPMorgan instead of getting a cheaper loan from a fintech,” he said. *This is not investment advice. Continue Reading: Andreessen Horowitz Partner Reveals New Major Threat Looming Over the Cryptocurrency Industry
COTI, a privacy-focused blockchain protocol on Ethereum ( ETH ), has joined the Tokenized Asset Coalition (TAC) as part of an initiative to bring $1 trillion worth of real-world assets (RWAs) onto public blockchains. Notably, COTI was among 24 new members selected from a pool of applicants with the expansion including major players in the blockchain and finance sectors such as Arbitrum, Polygon, Circle, Coinbase, Fireblocks, Zksync, Stellar, and Fidelity, TAC said in an X post on July 31. “Our newest members continue our tradition of onboarding and supporting the best projects, networks, and builders in the business. We’re humbled to add such an elite group to our member ranks,” TAC said. Indeed, the coalition was founded to bridge traditional finance and decentralized systems with a focus on accelerating the adoption of tokenized assets such as real estate, bonds, and commodities through a mission built around education, advocacy, and adoption. The coalition seeks to promote regulatory clarity, interoperability, and privacy across the industry. COTI’s role in TAC It’s worth noting that COTI’s membership was driven in large part by its “Privacy-on-Demand” technology , which leverages advanced cryptographic tools like garbled circuits to keep data private by default while still allowing for audit-friendly transparency when required. While institutional interest in cryptocurrency continues to grow, privacy concerns remain one of the biggest barriers to adoption. Therefore, COTI aims to solve this challenge by enabling secure, efficient transactions without exposing sensitive data. “COTI brings a unique perspective to the TAC, based on our deep insight into compliant confidentiality, auditability, and ways to bridge the gap between TradFi and Web3 technologies,” TAC added. This move is the latest in a series of global initiatives for COTI. For instance, the company has previously worked with the European Central Bank on a central bank digital currency proof-of-concept, joined the Africa Tokenization Council, and signed an MoU with Aureus.Money to integrate its privacy tech into Hedera-based RWA platforms. The post COTI backs $1 trillion blockchain asset push with new TAC membership appeared first on Finbold .
The Senate approved the first three spending bills of Donald Trump’s 2025 budget agenda on Friday, moving fast after party leaders reached a bipartisan agreement earlier in the day to wrap them into one legislative package. The push comes with less than two months to go before federal money runs out on September 30. Even though these three bills alone won’t prevent a shutdown, they give the chamber a stronger position heading into talks with the House and the White House . In a lopsided 87-9 vote, the Senate cleared two bills: one to fund the Department of Veterans Affairs and military construction, and another for the Department of Agriculture and the Food and Drug Administration. Senators then voted 81-15 to pass a separate third bill to cover spending for the Legislative Branch. All three are now heading to the House as a bundled package. Senate lawmakers fight over amendments, funding clawbacks, and VA staffing Altogether, the bills will direct $154 billion to military and veterans programs and more than $27 billion to the Agriculture Department and the FDA, both amounts representing about a 2% boost from current funding levels. Appropriations Chair Susan Collins, a Republican from Maine, said during the debate, “It’s taken a great deal of work, good faith and negotiation to get to this point. Congress has a responsibility, a constitutional responsibility under Article I, for the power of the purse. We are executing that responsibility.” Still, the legislative process wasn’t smooth. Senators clashed over proposed changes to the package. Jeff Merkley, a Democrat from Oregon who sits on the Appropriations Committee, offered an amendment that would have blocked the White House from using rescission powers to claw back any of the funds. Merkley said Democrats were worried that Trump’s administration would submit another rescissions request before the fall deadline, derailing any broader funding deal. His amendment was rejected. Appropriations Committee ranking Democrat Patty Murray of Washington defended the agreement that was reached in the chamber. She said the bill “rejects damaging cuts from Trump and House Republicans.” Another amendment, offered by Richard Blumenthal of Connecticut and Alex Padilla of California, was adopted without a recorded vote. It bars the use of any funds to reduce services offered by the Veterans Crisis Line. That’s one of the few amendments that made it through. Other proposals were blocked, including a Democratic amendment that would’ve forced the VA to issue a report on staffing cuts, and another to halt the reorganization of the Agriculture Department. Republicans tried to chip away at the Agriculture-FDA funding too. John Kennedy of Louisiana and Rick Scott of Florida both proposed deeper cuts to that section. Their amendments didn’t survive. Congressional funding bill passes separately after Kennedy’s demand The Legislative Branch bill had its own drama. It only came to a vote after John Kennedy, who’d previously slammed the $7.1 billion price tag, demanded the ability to oppose it separately. “I think we need to set an example,” Kennedy said on the floor before the vote. Though the bill passed, his no vote was logged. Once approved, the Legislative Branch bill was added to the previous two and sent over to the House in one batch, part of the deal Collins outlined earlier in the day. The votes marked a sharp turnaround from Thursday night, when things nearly fell apart. Chris Van Hollen, a Democrat from Maryland, had blocked a four-bill package that included funding for the Justice and Commerce departments. Van Hollen was furious that the Trump administration had backed out of a years-long plan to move the FBI’s headquarters to Maryland, killing bipartisan talks on the DOJ budget. Because of that, the Justice-Commerce funding debate was kicked until after the Senate returns from its August recess. With the September 30 deadline approaching fast, pressure is building. The three spending bills passed Friday won’t be enough to keep the government open. Lawmakers are now weighing whether to pass a continuing resolution, a temporary measure to extend current funding past October 1. If they don’t act, parts of the federal government could go dark. Some in the House want another long-term stopgap bill. Senate leaders, though, want a handful of full-year funding bills signed by Trump before time runs out. That would guarantee long-term funding for some departments through fiscal 2026, while the rest of the government operates under a short-term extension. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
Filecoin showed significant volatility, falling by 4.6% to $2.36. FIL broke the $2.38 support with substantial institutional involvement. Continue Reading: Filecoin Faces High Volatility with Key Support Level Breach The post Filecoin Faces High Volatility with Key Support Level Breach appeared first on COINTURK NEWS .
Tap To Earn (T2E) tokens are gaining significant attention as innovative ways to engage users and generate rewards through simple interactions. These emerging tokens combine accessibility with growth opportunities, making them attractive choices for those looking to explore new tokens. Note : This list is sorted in no particular order. All data and information are from CoinMarketCap. BLUM (BLUM) Blum is a community where growth is nurtured, and possibilities bloom Blum provides access to all the coins and tokens you need all in one place. No more jumping between platforms. Simple and seamless! Lightning-fast, multi-chain crypto trading with seamless transactions. Blum is designed for speed, efficiency. Also, for security, ensuring users never miss a trade. Price: $0.04775 Market cap: $5.14M 7.76% Volume (24h): $5.81M 1.53% Vol/Mkt Cap (24h): 113.86% Market cap/TVL: 42.46 Total supply: 977.37M Blum Max. supply: 1B Blum Circulating supply: 107.84M Blum Exchanges: Bitget: BLUM/USDT, MEXC: BLUM/USDT TON STATION (MRSOON) Ton Station is an innovative gaming platform that operates within the Telegram app. Launched on June 25, 2024, this Telegram-based mining bot has quickly garnered a large user base. Which now exceeds 1 million participants. The platform allows users to engage in interactive gaming while earning $SOON tokens, a cryptocurrency that holds real-world value within the ecosystem. Price: $0.00005920 Market cap: $3.89M 2.87% Volume (24h): $357.86K 13.08% Vol/Mkt Cap (24h): 9.34% Total supply: 69.31B MRSOON Max. supply: 70B MRSOON Circulating supply: 65.86B MRSOON Exchanges: STON.fi: TON/MRSOON, MEXC: MRSOON/USDT PIXELVERSE (PIXFI) Pixelverse (PIXFI) is a vibrant cyberpunk-themed game ecosystem that merges third-party developers, intellectual properties, and its own projects into a cohesive platform. It offers a unique gaming experience through its availability on Telegram and web browsers , engaging over 60 million players and amassing 14 million social media followers. This ecosystem is not just about gaming; it fosters a live economy where players can trade, hire for tasks, and invest in various ventures, making it a dynamic community-driven environment. Price: $0.0003728 Market cap: $1.05M 1.14% Volume (24h): $2.45M 10.52% Vol/Mkt Cap (24h): 235.03% Holders: 3.82K Total supply: 5B PIXFI Max. supply: 5B PIXFI Circulating supply: 2.82B PIXFI Exchanges: Bybit: PIXFI/USDT, Gate: PIXFI/USDT ZOO (ZOO) ZOO is a rapidly growing Tap To Earn (T2E) token that offers users a fun and interactive way to earn rewards simply by engaging with the platform. It represents a promising opportunity for early adopters looking to join a vibrant and active community. The project focuses on creating an accessible and rewarding experience that blends gaming with blockchain technology. Price: $0.000002298 Market cap: $607.12K 3.12% Volume (24h): $231.62K 0.61% Vol/Mkt Cap (24h): 38.59% Total supply: 264.08B ZOO Max. supply: 264.08B ZOO Circulating supply: 264.08B ZOO Exchanges: Gate: ZOO/USDT, KuCoin: ZOO/USDT VERTUS (VERT) Vertus is making waves in the Tap To Earn (T2E) space by offering users a unique way to earn rewards through simple daily interactions. It stands out as a hidden gem for those interested in blockchain gaming and earning. The project is focused on building a strong community while delivering an engaging and user-friendly experience. Price: $0.001107 Market cap: $584.08K 0.52% Volume (24h): $530.55K. 3.81% Vol/Mkt Cap (24h): 90.85% Total supply: 1.2B VERT Max. supply: 1.2B VERT Circulating supply: 527.19M VERT Exchanges: Gate: VERT/USDT, MEXC: VERT/USDT Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
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MAGA Inc., the flagship super PAC backing US President Donald Trump, has amassed a staggering $200 million in donations, with a substantial portion coming from the crypto industry. High-profile figures like Elon Musk and the Winklevoss twins have contributed millions, underscoring the growing alignment between industry power players and Trump’s political machine. As the 2026 midterm elections approach, MAGA Inc. holds an unprecedented war chest, positioning itself as a dominant force in upcoming political battles. However, there’s growing skepticism within the crypto community about whether these funds will actually benefit pro-crypto candidates in the midterms. MAGA Inc.’s previous iteration was known for holding back significant resources during the midterm cycles, choosing instead to focus on a major push for the 2024 presidential election. This strategy raises questions about the super PAC’s intentions and whether the industry’s financial support will translate into meaningful legislative advocacy. With regulatory clarity and friendly policies high on the industry’s priority list, many are watching closely to see if MAGA Inc.’s financial muscle will align with pro-innovation agendas in Washington. For now, the donations signal strong political engagement from crypto giants, but the real impact remains uncertain. Crypto Industry Aligns With Trump’s Vision For US Crypto Dominance Several major crypto firms have emerged as key contributors to MAGA Inc., signaling a deepening alliance between the President and the digital asset industry. Companies like BTC Inc, BitGo Inc, and Gemini Trust Company—the latter owned by the Winklevoss twins—have all made substantial donations to the super PAC, further solidifying Trump’s position as a pro-crypto President. Trump has been increasingly vocal about his support for cryptocurrencies, positioning himself as a defender of innovation against what he perceives as overregulation from federal agencies. His statements about making the United States the “Crypto Capital of the World” have resonated within the industry, which continues to seek clearer regulatory frameworks and support for blockchain technology. These high-profile donations are more than just financial gestures—they represent a coordinated effort by the crypto sector to align with policymakers who are willing to advocate for the industry’s growth. As regulatory clarity becomes a pressing issue, especially concerning token classification, stablecoins, and DeFi platforms, Trump’s stance is seen as a potential catalyst for positive legislative action. The coming months will be pivotal. With regulatory uncertainty still clouding the US market, the crypto industry is betting that Trump’s political capital and the war chest of $200 million will translate into policy influence. While it remains to be seen how effectively these funds will be used to advance pro-crypto agendas, the donations from BTC Inc, BitGo, and Gemini mark a significant moment of political engagement, one that could shape the trajectory of crypto adoption and innovation in the US for years to come. Total Crypto Market Cap Analysis The total crypto market cap has recently faced a sharp correction after a strong bullish rally, dropping by 6.27% to $3.65 trillion. This pullback comes after the market briefly touched $3.93 trillion, a level close to previous highs set in late 2021. The chart shows that despite the recent decline, the market structure remains bullish, with higher highs and higher lows since the rebound from the $2.4 trillion region in April. The 50-week moving average continues to trend upward, providing dynamic support around the $2.95 trillion level, while the 100-week and 200-week moving averages remain below at $2.41 trillion and $1.88 trillion, respectively. This alignment of moving averages confirms a long-term uptrend. Related Reading: Ethereum Chain Dominates RWA Market With 83.69% Share However, the market now faces a key test. Bulls must hold the $3.6 trillion support to prevent a deeper retracement towards the $3.2 trillion level. A failure to maintain this support could trigger a larger correction, while a successful defense may open the path for another push toward the elusive $4 trillion psychological barrier. Featured image from Dall-E, chart from TradingView