Algorithmic stablecoin Balance Coin (BLC) crashed more than 99% following the 42DAO hack, which drained $915,000 in funds.
The collapse echoes Terra (LUNA)βyet the lessons still havenβt been heeded.
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AFRO CRYPTO
The collapse echoes Terra (LUNA)βyet the lessons still havenβt been heeded.
β Follow @cryp
AFRO CRYPTO
π12π5π4π4π₯2
American institutional investors have offloaded BTC on Coinbase for almost 900 hours β the longest stretch of bearish sentiment in two years. Historically, such extremes have often preceded upward market reversals, according to CryptoQuant.
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AFRO CRYPTO
β Follow @cryp
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π9π€©5π±4π―4β€2π1
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π«Ά Ondo Finance Now Supports Tokenized Stocks as Collateral
Ondo Finance (ONDO) has expanded its collateral options on OndoPerps by adding tokenized stocks. Traders can now use SPYon and QQQonβtokenized versions of the S&P 500 and Nasdaq-100 ETFsβdirectly as margin, eliminating the need to convert to stablecoins. Each asset has a collateral cap of $100,000 in nominal value, with additional tokenized assets on the roadmap.
OndoPerps has seen over $3.8 billion in trading volume, offers up to 20x leverage, operates 24/7, is registered in Panama, and is not available to U.S. persons.
β Follow @cryp
AFRO CRYPTO
Ondo Finance (ONDO) has expanded its collateral options on OndoPerps by adding tokenized stocks. Traders can now use SPYon and QQQonβtokenized versions of the S&P 500 and Nasdaq-100 ETFsβdirectly as margin, eliminating the need to convert to stablecoins. Each asset has a collateral cap of $100,000 in nominal value, with additional tokenized assets on the roadmap.
OndoPerps has seen over $3.8 billion in trading volume, offers up to 20x leverage, operates 24/7, is registered in Panama, and is not available to U.S. persons.
β Follow @cryp
AFRO CRYPTO
π¨7β€5π5π₯4π2π1
What if the window to succeed in this industry closes after 2028?
This 2026β2028 stretch might truly be our final shot.
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AFRO CRYPTO
This 2026β2028 stretch might truly be our final shot.
β Follow @cryp
AFRO CRYPTO
π5π€5π4π±3β€2
Strategy is bringing together a new Bitcoin Security Consortium, uniting BlackRock, Coinbase, Galaxy, Anchorage, ARK Invest, Blockstream, Block, and Digital Asset to strengthen the security of the BTC network.
The initiative will provide funding for BTC developer resources and critical security research.
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AFRO CRYPTO
The initiative will provide funding for BTC developer resources and critical security research.
β Follow @cryp
AFRO CRYPTO
π’5β€4π₯4π3π3π3π€©2π―2π€1
The U.S. Senate has amended the CLARITY Act, prohibiting presidents and federal officials from launching or endorsing their own cryptocurrency assets.
For the first time, this legislation prevents sitting presidents from personally benefiting from crypto initiatives.
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AFRO CRYPTO
For the first time, this legislation prevents sitting presidents from personally benefiting from crypto initiatives.
β Follow @cryp
AFRO CRYPTO
π10π₯8π±8π’1
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A crypto trader in Bali handed an unlocked phone to a girlβjust to follow her on social mediaβand lost $14,000 in SOL within seconds.
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AFRO CRYPTO
β Follow @cryp
AFRO CRYPTO
π₯7β€5π5π―2π1π€©1π1π1
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π BitMEX Shutdown Fuels Bullish Hopes
After 12 years, the pioneering futures exchange BitMEX is closing its doors. The crypto community, especially Crypto Twitter, is viewing this as a potential bullish signalβhistorically, the collapse of major platforms has often coincided with market bottoms.
Past exchange failures were followed by massive rallies:
β‘οΈ Mt. Gox in 2014 saw a surge of 12,000%
β‘οΈ BitGrail in 2018 climbed 2,044%
β‘οΈ FTX in 2022 spiked 686%
Exchanges come and goβbut Bitcoin remains. Is this the calm before the next bull run?
β Follow @cryp
AFRO CRYPTO
After 12 years, the pioneering futures exchange BitMEX is closing its doors. The crypto community, especially Crypto Twitter, is viewing this as a potential bullish signalβhistorically, the collapse of major platforms has often coincided with market bottoms.
Past exchange failures were followed by massive rallies:
β‘οΈ Mt. Gox in 2014 saw a surge of 12,000%
β‘οΈ BitGrail in 2018 climbed 2,044%
β‘οΈ FTX in 2022 spiked 686%
Exchanges come and goβbut Bitcoin remains. Is this the calm before the next bull run?
β Follow @cryp
AFRO CRYPTO
β€19π€©3π1π1
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POV: Youβve finally reached the life you always wanted β and then it hits you: the price you paid to get there.
β Follow @cryp
AFRO CRYPTO
β Follow @cryp
AFRO CRYPTO
π€©7π’5π5π―2π1
This one project offers more real-world value than 95% of the crypto market
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AFRO CRYPTO
β Follow @cryp
AFRO CRYPTO
β€11π―3π’2π₯°1
The real struggle? No results, no wins, just bills piling upβyet still holding onto the belief that better days are ahead.
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AFRO CRYPTO
β Follow @cryp
AFRO CRYPTO
π5π₯4π2β€1π1
π£ Trump Halts Further Strikes on Iran
Trump has directed the military to stand down from launching additional strikes on Iran, describing a diplomatic approach as a "smarter strategy." While he claimed the capability to escalate and "destroy everything they have," he opted for dialogue instead, stating, "We are loaded and ready, but we are talking."
The decision follows shortly after an Omani delegation arrived in Tehran to negotiate passage through the Strait of Hormuz. Reports suggest a potential agreement between Oman and Iran could be finalized in the coming days. In response, oil prices dropped by 2%.
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AFRO CRYPTO
Trump has directed the military to stand down from launching additional strikes on Iran, describing a diplomatic approach as a "smarter strategy." While he claimed the capability to escalate and "destroy everything they have," he opted for dialogue instead, stating, "We are loaded and ready, but we are talking."
The decision follows shortly after an Omani delegation arrived in Tehran to negotiate passage through the Strait of Hormuz. Reports suggest a potential agreement between Oman and Iran could be finalized in the coming days. In response, oil prices dropped by 2%.
β Follow @cryp
AFRO CRYPTO
π±5π€©2π₯°1π1
β BitMart exchange to shut down operations
As of July 26, registration, deposits, and new orders are no longer supported. Trading will be fully discontinued by August 26, and the platform will cease all operations by January 31.
Users can still make withdrawals and are strongly advised to withdraw their assets as soon as possible.
BitMart becomes the second major exchange to wind down, following in the footsteps of BitMEX.
β Follow @cryp
AFRO CRYPTO
As of July 26, registration, deposits, and new orders are no longer supported. Trading will be fully discontinued by August 26, and the platform will cease all operations by January 31.
Users can still make withdrawals and are strongly advised to withdraw their assets as soon as possible.
BitMart becomes the second major exchange to wind down, following in the footsteps of BitMEX.
β Follow @cryp
AFRO CRYPTO
β€4π3
π±5π3
π Ethereum Nears Cycle Bottom Against Bitcoin
Ethereum is edging toward a market cycle low compared to Bitcoin, but according to analysts at CryptoQuant, a turnaround isnβt confirmed just yet.
The asset is trading 17% below its realized priceβthe average acquisition cost of all circulating ETH. Out of five major indicators reviewed, only two have reached levels seen during prior market lows.
Selling pressure is beginning to ease, and the portion of Ethereum held in staking contracts has reached 34%.
Still, the market-to-realized value ratio (MVRV) remains higher than typical for previous bottoms. Thereβs no clear sign yet of final investor capitulation.
β Follow @cryptrends
AFRO CRYPTO
Ethereum is edging toward a market cycle low compared to Bitcoin, but according to analysts at CryptoQuant, a turnaround isnβt confirmed just yet.
The asset is trading 17% below its realized priceβthe average acquisition cost of all circulating ETH. Out of five major indicators reviewed, only two have reached levels seen during prior market lows.
Selling pressure is beginning to ease, and the portion of Ethereum held in staking contracts has reached 34%.
Still, the market-to-realized value ratio (MVRV) remains higher than typical for previous bottoms. Thereβs no clear sign yet of final investor capitulation.
β Follow @cryptrends
AFRO CRYPTO
π9π4π₯3π±2π₯°1π1π€©1
β‘οΈ BREAKING: Coinbase launches "Launches," a new feature allowing users to trade tokens on Base and Solana the moment they go live onchain.
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AFRO CRYPTO
β Follow @cryp
AFRO CRYPTO
π₯6β€5π5π€©3π1
It's far smarter to have a job that provides a steady income when you start out. Believing you can turn $1k into $1m is extremely unlikely.
Much better to land a crypto job (if you can), and invest $3k, $5k, or $10k into the market each month, rather than spending every hour in front of the screen hoping your trade will hit a jackpot.
There are a few exceptions, and some people truly have talent, but if that were you, you probably wouldn't be following this advice anyway.
β Follow @cryp
AFRO CRYPTO
Much better to land a crypto job (if you can), and invest $3k, $5k, or $10k into the market each month, rather than spending every hour in front of the screen hoping your trade will hit a jackpot.
There are a few exceptions, and some people truly have talent, but if that were you, you probably wouldn't be following this advice anyway.
β Follow @cryp
AFRO CRYPTO
π4π₯4
π¨π³ China Ramps Up Push in Semiconductor Sector
China is speeding up its drive to strengthen the domestic chip industry. CXMT, the countryβs largest memory manufacturer, is gearing up for a record-breaking IPO. At the same time, Huawei-affiliated firms have begun mass production of homegrown semiconductor manufacturing equipment.
This surge in local capabilities has placed pressure on major global chipmakers, contributing to a swift decline in U.S. tech stocksβwiping roughly $600 billion off the total market capitalization in a short span.
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AFRO CRYPTO
China is speeding up its drive to strengthen the domestic chip industry. CXMT, the countryβs largest memory manufacturer, is gearing up for a record-breaking IPO. At the same time, Huawei-affiliated firms have begun mass production of homegrown semiconductor manufacturing equipment.
This surge in local capabilities has placed pressure on major global chipmakers, contributing to a swift decline in U.S. tech stocksβwiping roughly $600 billion off the total market capitalization in a short span.
β Follow @cryp
AFRO CRYPTO
π4