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Author: Isabella Taylor
As AI shifts from text to robotics, the battle for training data is entering a new phase. Poseidon, backed by a16z, is positioning itself as the arbiter of this next-gen data economy, where provenance and licensing are non-negotiable. On July 22, Poseidon, the AI-focused decentralized data layer built on Story Protocol, announced a $15 million seed round led by Andreessen Horowitz’s crypto arm, with participation from key industry backers. Incubated by Story and co-founded by AI researcher Sandeep Chinchali and engineer Sarick Shah, Poseidon enters the market with a clear mission: to unlock, structure, and license real-world data that next-generation…
With 999,999 SOL now locked in its treasury, DeFi Dev Corp. is quietly becoming one of Solana’s largest institutional holders. The company is staking, validating, and compounding its way into the network’s core infrastructure. On Monday, July 21, DeFi Dev Corp. (Nasdaq: DFDV) disclosed that it had amassed 999,999 SOL, just one token shy of the psychologically significant million-SOL mark. The milestone follows an aggressive $19 million buying spree between July 14 and July 20, funded partly through an equity line of credit. The milestone follows an aggressive $19 million buying spree between July 14 and July 20 at an…
Elon Musk’s Tesla diner is now serving up burgers and futurism in Hollywood. However, patrons noticed the absence of Dogecoin payments, despite his earlier endorsement, turning what could’ve been a crypto milestone into a missed opportunity. The grand opening of Tesla’s long-hyped “retro-futuristic” diner in Hollywood unfolded Monday afternoon with all the usual Musk theatrics: a 4:20 p.m. unlock time, robots behind popcorn machines, and Cybertruck-shaped trays. The crowd, which had gathered at the Santa Monica Boulevard diner hours before opening, cheered as Tesla’s chief designer, Franz von Holzhausen, unlocked the doors. For Dogecoin (DOGE) loyalists, the fanfare rang hollow.…
The Spark token price spiked to a record high this week, continuing a trend that started on July 9 when it crashed to an all-time low. Spark (SPK) soared to $0.096 at last check Tuesday from an all-time low of $0.0467. This surge happened in a high-volume environment, with its trading volume exceeding $1.28 billion. Spark price jumped as third-party data showed that its network growth was accelerating. According to DeFi Llama, its total value locked crossed the important milestone of $8 billion for the first time ever. Spark’s TVL has jumped by 38% in the last 30 days, making…
While most firms treat NFTs as marketing gimmicks, GameSquare is flipping the script, deploying them as financial instruments. Its new $10 million yield program transforms Ethereum-based digital assets into revenue generators, marking a risky but innovative leap in corporate crypto strategy. On July 21, GameSquare announced the expansion of its crypto treasury program to $250 million, including a dedicated $10 million allocation toward a novel NFT yield strategy. The move follows a $30 million purchase of Ether (ETH), bringing its total holdings to over 10,000 tokens. Rather than holding these assets passively, the company plans to actively deploy them across…
An International Monetary Fund (IMF) review released on July 15 claims that El Salvador ceased accumulating bitcoins in February, following the signing of the deal with the IMF. The agreement required El Salvador to stop BTC accumulation and strip BTC of its legal tender status in exchange for a $1.4 billion loan. This information strikingly contradicts claims by El Salvador officials who had been regularly announcing new BTC purchases by the country. Concerns over the accuracy of El Salvador’s Bitcoin reserves date back to 2023. Summary El Salvador claims it continues buying 1 BTC every day despite the February deal…
Zilliqa is currently trading at range lows within a critical support region marked by the value area low and swing low. A bullish broadening wedge is forming, indicating a potential structural reversal if the resistance level is broken. Zilliqa (ZIL) is forming a potential bottoming pattern at a historically significant price zone. The asset is currently consolidating near the value area low, which also aligns with a prior swing low, making this area structurally important for any upcoming bullish reversal.The technical formation in play is a bullish broadening wedge. While the upper resistance of this pattern has not yet broken,…
Are signs like falling Bitcoin dominance, rising funding rates, and altcoin breakouts enough to declare that a full altcoin season has begun? Summary Altcoin momentum is building, with rising interest, breakout rallies in ADA, SOL, ETH, and XRP, and the Altcoin Season Index trending upward — but still below full “altseason” thresholds. Trump Media’s $2B crypto investment and the signing of major crypto legislation, including the GENIUS Act, signal growing institutional and political support for digital assets. Altcoin market cap broke resistance, with the TOTAL2 chart surpassing $1.6T and Bitcoin dominance falling sharply — suggesting capital rotation into altcoins. Market…
Kraken founder Jesse Powell is officially no longer under investigation over hacking allegations. Yet another legal battle that has shaken the crypto industry has come to an end. According to a July 22 report by Fortune, the U.S. Department of Justice has officially concluded its investigation into Kraken founder Jesse Powell. Moreover, the FBI returned a dozen of his devices that it had seized earlier. These devices were seized in 2023, in an FBI raid on Powell’s home. Unlike many other probes into crypto exchange founders, the FBI probe against Powell was not related to his business. Instead, it stemmed…
The public ETH leaderboard is shifting weekly. SharpLink’s latest accumulation spree pushes it back ahead of BitMine, but the treasury war shows no signs of cooling off. On July 22, SharpLink Gaming announced it had purchased 79,949 Ether (ETH) over the previous week, restoring its position as the world’s largest corporate ETH holder with a total of 360,807 tokens, valued at approximately $1.3 billion. The purchase, executed at an average price of $3,238 per ETH adds up to roughly $259 million, marking SharpLink’s largest single-week Ethereum purchase since launching its digital treasury strategy in early June. The company said it…