Canadian elementary school, Lake Superior Academy, has taken legal action against a cryptocurrency mining center, citing noise concerns. According to reports, the noise from the mining operation located at Mackinac Trail, seven miles south of Sault Ste. Marie is a high-pitched, metallic noise that sounds like a chorus of mechanical insects. According to the Canadian elementary school’s Superintendent Susie Schlehuber, the noise initially registered at 75 decibels, roughly the volume of a running vacuum cleaner, at the edge of the school’s property on the other side of the road earlier this year. She mentioned that at the school’s front door, it was about 65 decibels, the same as a washing machine. However, the annoying high-pitched metallic whine began in March. Canadian elementary school initiates legal action against crypto miner According to the lawsuit filed by the school, the noise was somewhat dampened by the addition of hay bales to the site, and aside from a court order to pause the operations for two weeks, the noise hasn’t stopped. “It’s 24 hours a day, seven days a week. It never stops,” said Schlehuber . She added that she founded the school because of an environmental focus, meaning that students always spend time outside their classrooms. Schlehuber added that the noise was noticeable because of that practice. “Because of that, we noticed the noise even more so than if we were just a school that stayed inside the classroom with the doors closed,” she said. The superintendent claims they had to stop conducting lessons on the front lawn, stop opening the windows, and halt plans to build two new classrooms. The crypto mining operation in question is a six self-contained bank of machines owned by a Boca Raton, Florida, company called Odessa Partners LLC. According to filings from the company’s attorneys, the company is made up of two other business entities, Wyoming Partners Irrevocably Statutory Trust, which is registered at an address in Cheyenne, and Valletta Corp, LLC, which is registered in Delaware. Both of these firms are linked to a Florida native named Michael Carbonara. Carbonara is the CEO of Ibanera, a company that provides a fintech enablement and cross-border payments network, according to its website. Carbonara also applied for the building permit for the mining operation. Carbonara and Odessa Partners are yet to respond to the lawsuit. The last time both entities made any form of communication was after Chippewa Country Circuit Judge James Lambros ordered the operation to stop temporarily last month. Odessa Partners submitted a legal finding claiming its losses per day were about $15,000, and it was already taking steps to reduce the noise, noting the placement of hay bales in front of the machines. The motion also noted that the school property is located alongside Interstate 75, arguing that “the noise Plaintiff claims to be emanating from Defendant’s property is purportedly less than that typically generated by the use and activity occurring on the other side of Plaintiff’s property.” However, Schlehuber countered the claim, saying, “There’s a huge difference between a loud truck going by a few times a day and constant noise.” She also claimed she had been trying to work with Odessa Partners regarding the issue since March and hadn’t seen any progress towards a solution. “We knew we had to do something else besides just talk to them,” she said. According to the CEO of OOM Technologies, which operates a computer hosting facility not too far from where Odessa Partners’ operation is located, that location is suitable for miners due to the abundance of resources. Shaw also added that the cold is part of the reasons, noting that “the most efficient way to cool the stuff is through the natural airflow.” Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
Coinbase executive Conor Grogan announced that at least 913,111 Ethereum (ETH) were permanently lost due to user error. This amount, currently valued at approximately $3.43 billion, corresponds to 0.76% of the total ETH supply. According to Grogan, these losses stem from irreversible transactions and inaccessible wallets. Furthermore, when we include the 5.3 million ETH (approximately $20 billion) burned under EIP-1559, an update to Ethereum's fee mechanism, more than 5% of the entire Ethereum supply has been permanently removed from circulation. Grogan noted that this loss only covers ETH that is verifiable and technically “locked forever,” not lost private keys or forgotten wallets. Related News: Users Are Unstaking Their ETH in Unusual Amounts on Ethereum - What Does This Mean and Why Is It Happening? Cathie Wood Weighs In Here are some examples of large amounts of ETH lost: Web3 Foundation locked 306,000 ETH due to an error in the Parity Multisig contract. QuadrigaCX lost 60,000 ETH due to a faulty smart contract. Akutars lost 11,500 ETH in a failed NFT mint. Users have sent approximately 25,000 ETH to burn addresses for reasons that remain unexplained to date. “This $3.4 billion figure is far below the actual loss. It only includes Ethereum that is technically permanently locked, excluding things like lost private keys or forgotten Genesis wallets,” Grogan said. *This is not investment advice. Continue Reading: How Much of Ethereum’s Supply Is Lost Forever? Here’s the Amount That Must Be Excluded When Calculating Supply
This week in crypto, there has been significant interest in stablecoins from institutional giants like the Bank of America and Western Union, while JP Morgan Chase started preparations to introduce crypto-backed loans. Let’s find out more. Business Bank of America (BofA) expects a significant rise in stablecoin supply and adoption as U.S. banks move toward issuance, driven by new regulatory clarity and growing demand for tokenized finance. Global remittance powerhouse Western Union is exploring the rollout of stablecoin services within its digital wallet infrastructure, signaling growing legacy interest in crypto following the passage of the GENIUS Act. JPMorgan Chase is preparing to introduce crypto-backed loans in 2025, allowing clients to use Bitcoin and Ethereum as collateral, a move that signals the bank’s cautious but strategic expansion into digital assets. Square, a unit of Block Inc., has launched direct Bitcoin payment support for its merchant network, marking a major milestone in real-world crypto adoption. Tesla’s Q2 profit surged to $1.2 billion, driven by a $284 million Bitcoin gain and growing AI ventures, offsetting weaker vehicle sales amid evolving digital asset accounting standards. FTX will begin its next round of creditor repayments on September 30, following a court-approved reduction in its claims reserve, potentially unlocking $1.9 billion for distribution. Web3 Memecoins linked to metal legend Ozzy Osbourne and wrestling icon Hulk Hogan soared following their deaths in a rally driven by nostalgia and speculative trading. This guide covers six easy ways to mine Bitcoin and altcoins, focusing on platforms that offer automated cloud mining, low entry costs, and no hardware requirements. Bitcoin.com Casino has now rolled out a 1 BTC weekly challenge , with the top performer so far hitting an all-time high of 10860 points. Security As Bitcoin rises in popularity and value, cybercriminals are finding new ways of stealing it, and one of the most common threats, phishing , tricks users into giving sensitive information such as wallet passwords, seed phrases, or private keys. Regulation Ghana will begin licensing crypto platforms by September 2025 as it shifts from caution to regulation to better manage economic data, financial stability, and surging digital asset use. The SEC has halted its own decision to approve the conversion of Bitwise’s 10 Crypto Index Fund into a spot exchange-traded fund (ETF), injecting fresh uncertainty into the regulatory landscape for digital asset products. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
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Tom Lee highlights caution among wealthy investors towards risky stock investments. Lee advises on maintaining focus on large-cap and stable companies. Continue Reading: Tom Lee Warns Investors Exercise Caution in the Stock Market The post Tom Lee Warns Investors Exercise Caution in the Stock Market appeared first on COINTURK NEWS .
Publicly listed biotechnology company, Windtree Therapeutics, announced plans to secure up to $520 million in funding to expand its BNB crypto reserves. It disclosed that it has entered a Common Stock Purchase Agreement for an equity line of credit (ELOC) of up to $500 million, alongside a separate $20 million stock purchase agreement with Build and Build Corp. Windtree Advances BNB Treasury Plan According to the press release shared by the company, 99% of proceeds from both agreements are earmarked for acquiring BNB. This is part of Windtree’s strategy to diversify its treasury with blockchain-based assets. The ELOC cannot be accessed until stockholder approval is secured to increase the company’s authorized common shares. More public companies are adding digital assets to their treasury mix, a trend evident in this move. Windtree’s shift toward BNB accumulation comes as it continues efforts to broaden its business model while seeking alternative methods to stabilize and strengthen its financial position. In a statement, Windtree CEO Jed Latkin said, “We are excited to incorporate these new facilities to enable our future BNB acquisitions as part of our BNB treasury strategy. Pending stockholder approval, the opportunity to secure additional funds for purchasing more BNB cryptocurrency is essential to our strategy.” The Nasdaq-listed firm had entered into a strategic partnership with crypto exchange Kraken to oversee its BNB-focused crypto treasury program. As part of the deal, Kraken will handle Windtree’s BNB assets through secure custody services while managing trading activities and over-the-counter transactions for the company’s crypto holdings. Treasuries Move Beyond Bitcoin, Ethereum Crypto treasury plays are all the rage as firms look to diversify beyond Bitcoin and Ethereum. Chinese chip maker Nano Labs, for instance, announced plans to accumulate as much as $1 billion in BNB, starting with a $50 million purchase. The company’s push into BNB reflects rising institutional confidence in altcoins within treasury strategies. Meanwhile, BNB hit a fresh all-time high of approximately $808 earlier this week. The post Nasdaq-Listed Windtree Seeks $520M for BNB Reserve Accumulation appeared first on CryptoPotato .
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Key takeaways: Tezos price prediction suggests a recovery to $1.52 by the end of 2025. XTZ could reach a maximum price of $2.65 by the end of 2028. By 2031, XTZ’s price may surge to $4.14. Tezos started strong as a platform for smart contracts and decentralized apps. After being released in 2018, its price touched an all-time high of $9.12 in 2021. However, throughout this time, it faced issues like lawsuits and power struggles, causing a loss of investor trust. Eventually, the overall market’s effects plummeted the coin’s price, and it has failed to recover to the same mark since then. However, collaborations and innovations are growing on the Tezos network, bringing it into close competition with other smart contract platforms like Ethereum and Solana. Many crypto enthusiasts ask questions like, “Can the Tezos coin hit $50 in the long term?” or at least, “Will Tezos survive?” Let’s get into Tezos price prediction and technical analysis. Overview Cryptocurrency Tezos Ticker XTZ Current price $0.8822 Market cap $928.51M Trading volume (24-hour) $39.31M Circulating supply 1.05B XTZ All-time high $9.18 on October 04, 2021 All-time low $0.3146 on December 7, 2018 24-hour high $0.9129 24-hour low $0.8782 Tezos price prediction: Technical analysis Metric Value Volatility (30-day Variation) 25.96% 50-day SMA $0.6348 14-Day RSI 70.03 Sentiment Bullish Fear & Greed Index 73 (Greed) Green days 20/30 (67%) 200-day SMA $0.6384 Tezos price analysis TL;DR Breakdown: Tezos is down 1.06%. XTZ is consolidating between $0.88-$0.89 with declining volume. Tezos price analysis 1-day chart: XTZ faces rejection and enters correction zone The Tezos/USDT 1-day price chart for July 27 shows a significant bearish reversal from its recent rally after facing rejection around $1.2. The coin remains above the middle Bollinger band in the meantime, and could end up testing the critical support zone near $0.7685. The MACD histogram is green, but it indicates declining buyer interest. A break below the $0.8 level could instigate a full-blown bear market. XTZUSDT 1-day price chart | Source: TradingView Tezos price analysis 4-hour chart: The 4-hour chart displays XTZ consolidating within a narrow range between $0.8800-$0.89, with the 20-day SMA at $0.8917 acting as immediate resistance. Price action shows small-bodied candles with minimal wicks, indicating balanced buying and selling pressure at these levels. XTZUSDT 4-hour price chart | Source: TradingView The Balance of Power indicator at -0.58 suggests sellers maintain control, but the negative reading is moderating, which could signal weakening bearish momentum. Volume has declined significantly to 4.85M from the elevated levels seen during the sharp correction, indicating reduced market participation. Tezos technical indicators: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $0.7948 BUY SMA 5 $0.8604 BUY SMA 10 $0.8938 SELL SMA 21 $0.7440 BUY SMA 50 $0.6348 BUY SMA 100 $0.6206 BUY SMA 200 $0.6384 BUY Daily exponential moving average (EMA) Period Value Action EMA 3 $0.7291 BUY EMA 5 $0.6761 BUY EMA 10 $0.6353 BUY EMA 21 $0.6332 BUY EMA 50 $0.6960 BUY EMA 100 $0.8023 BUY EMA 200 $0.8772 BUY What to expect from XTZ price analysis next? Tezos is consolidating around $0.8850 after rejecting the $1.1077 resistance level. A breakdown below $0.8800 would target the $0.7 price level, while any recovery must overcome the $0.8917 resistance. Is Tezos a long term investment? Tezos could be a good investment as its price movements in the past and recent times reflect opportunities for massive gains. Of course, there have been significant bear markets, but the price recoveries that followed put money in the pockets of traders. Also, the platform is quite developed and supports DeFi solutions, decentralized applications, and NFTs, so there are utilities that can keep the coin’s price afloat and upward. However, as always, you should always do your research because crypto can be extremely volatile. Will Tezos recover? Yes, Tezos is likely to recover by the end of this year. Expert forecasts suggest that XTZ will approach $2 by then. Will Tezos reach $10? Yes, Tezos can reach $10. Its all-time high was $9.18; significant bullish momentum will be required to recapture this level. Will Tezos reach $50? Based on expert analysis, Tezos may not reach $50 anytime soon. A huge market cap will be required to reach that point. However, mass adoption and integration with new systems could make this possible. Does Tezos have a good long-term future? Tezos seems to have a good long-term future because the platform regularly brings updates, and development is ongoing. It also fits into the larger narrative of decentralized finance and decentralized applications. Recent news/opinion on Tezos Tezos is accelerating its Layer 2 expansion through Etherlink to enable broader integration with the Ethereum ecosystem. 📢 New integrations from @MidasRWA just dropped on @etherlink 📢 Bringing two new institutional-grade strategies (mMEV and mRe7YIELD) to the fastest L2 built on Tezos. 👇 Read the full story on @Coindesk , written by @IanAllison123 👇 https://t.co/MCTd5gZvBe — Tezos (@tezos) July 16, 2025 Tezos now offers Fast Withdrawals, enabling near-instant, trustless transfers from Etherlink to Tezos Layer 1, significantly reducing the withdrawal time from 15 days to just about a minute for a small fee. https://t.co/R7dUpiMsSa — Etherlink 🔗 (@etherlink) June 27, 2025 Tezos price prediction July 2025 If the bulls back XTZ, the token could break out, reaching a peak of $1.20 while maintaining an average trading price of $0.85 in July 2025. Traders can expect a minimum price of $0.482. Tezos price prediction Minimum price ($) Average price ($) Maximum price ($) XTZ price prediction July 2025 0.482 0.85 1.20 Tezos price prediction 2025 Experts believe the overall outlook for Tezos (XTZ) in 2025 is positive. Investors can expect a minimum market price of $0.475, an average price of $0.85, and a maximum price of $1.52. Tezos price prediction Minimum price ($) Average price ($) Maximum price ($) Tezos price prediction 2025 0.475 0.85 1.52 Tezos price prediction 2026-2031 Year Minimum Price ($) Average Price ($) Maximum Price ($) 2026 1.17 1.33 1.78 2027 1.71 1.86 2.12 2028 2.23 2.39 2.65 2029 2.76 2.92 3.08 2030 3.29 3.45 3.61 2031 3.82 3.98 4.14 Tezos price forecast for 2026 According to the XTZ price forecast for 2026, Tezos is anticipated to trade at a minimum price of $1.17, a maximum price of $1.78, with an average price of $1.33. Tezos price prediction for 2027 The XTZ price prediction for 2027 indicates a continued rise, with minimum and maximum prices of $1.71 and $2.12, respectively, and an average price of $1.86. Tezos price prediction for 2028 Tezos’s price is expected to reach a minimum of $2.23 in 2028. The maximum expected XTZ price is $2.65, with an average price of $2.39. Tezos price prediction for 2029 The XTZ price prediction for 2029 estimates a minimum price of $2.76, a maximum price of $3.08, and an average price of $2.92. Tezos price prediction for 2030 The Tezos price prediction for 2030 suggests a minimum price of $3.29 and an average price of $3.45. The maximum Tezos price is set at $3.61. Tezos price prediction for 2031 The XTZ price prediction for 2031 anticipates a surge in price, resulting in a maximum price of $4.14. Based on expert analysis, investors can expect an average price of $3.98 and a minimum of $3.82. Tezos price prediction 2025-2031 Tezos market price prediction: Analysts’ XTZ price forecast Firm 2025 2026 Changelly $0.647 $1.08 DigitalCoinPrice $1.17 $1.37 CoinCodex $0.582 $0.715 Cryptopolitan’s Tezos (XTZ) price prediction Per the Cryptopolitan team, Tezos is expected to reach $1.5 by the end of 2025, and forecasts up to 2031 give a positive outlook for XTZ to break above the $8 mark. For that to happen, future price movements and an increase in Tezos’ adoption must be bullish. Tezos historic price sentiment Tezos price history ⏐ Source: Coingecko Tezos mainnet went live in September 2018 and immediately gained popularity for dealing with the environmental impact of blockchain technologies at that time with its PoS model. XTZ’s price peaked during the bullish cycle of 2021, reaching above $9.0. After 4 April 2022, XTZ’s price plummeted below $4.0; by 9 May, it had sharply fallen below the $2 mark. XTZ surged to about $1 at the beginning of December 2022, but the bears reclaimed the market by the end of the month, resulting in a drop to $0.73. The coin recovered in 2023, averaging a market price of $0.8. Despite the partnership milestones achieved, Tezos (XTZ) had a largely bearish 2024. The coin reached a high of $1.4 in April but lost about 60% by August. The bulls soon entered the market, and XTZ saw renewed buyer interest, which resulted in a peak price of $0.7015 in September and $1.856 in November. The surge extended into December—Tezos XTZ recorded a maximum price of $1.909. Price corrections followed thereafter, and the coin closed the year at $1.286. In January 2025, XTZ reached a maximum price of $1.49, but in February, it lost momentum, averaging $0.72 per unit. After a failed attempt at breaking above $0.80 in early March, XTZ managed a high of $0.6186 in April and $0.70 in May. XTZ maintained a trading range of $0.4752 and $0.6362 in June; in July, it is currently trading between $0.8785 and $0.9089.
Three US banks are facing a class action lawsuit over their alleged involvement in a Ponzi scheme. Community Financial Services Bank, Mechanics Bank and RABO AgriFinance are accused of knowingly or negligently enabling a Ponzi scheme orchestrated by Kentucky farmer and businessman Brian McClain, reports WPSD Local 6. McClain is accused of stealing millions of dollars from investors in Graves County by masterminding a fictitious cattle investment scheme. A lawyer for the plaintiffs, Mark Bryant, says McClain promised high guaranteed returns on a cattle business, with investors losing an enormous amount of money. “In reality, the complaint states, the promised cattle never existed, and the returns that were paid were paid using new investor funds in classic Ponzi fashion.” The lawsuit alleges that lax oversight and fraudulent transfers by the three banks helped sustain McClain’s Ponzi scheme for years. The three banks “allegedly turned a blind eye to hundreds of millions of dollars in irregular and suspicious transactions” initiated by McClain and his supposed cattle business. RABO AgriFinance reportedly gave McClain over $70 million in credit even though the lender had concerns over the businessman’s actual cattle ownership and poor keeping of records. Community Financial Services Bank reportedly allowed McClain to obtain more than 100 days of overdraft period and failed to act despite evidence of suspicious fund transfers. The bank was also aware of McClain’s financial position prior to the alleged Ponzi scheme but took no action even after the state of his finances changed drastically, according to the report. Mechanics Bank also allegedly allowed McClain overdrafts. McClain committed suicide in April of 2023 and the alleged Ponzi scheme was uncovered soon after his death. The class action lawsuit against the three banks is seeking compensatory and punitive damages. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Three US Banks Sued Over Alleged Links to Massive Ponzi Scheme, Accused of Backing Criminal Mastermind Despite Red Flags: Report appeared first on The Daily Hodl .