Cryptonews

This Trust, with the unassuming name “Story,” offers the wealthy few—those who can afford such gambles—access to a blockchain for intellectual property. Yes, you heard right, intellectual property, that thing most of us ignore until it suddenly becomes valuable. The project launched in February, aiming—like a hopeful suitor—to bring order to the chaos of rights and royalties, where creators can upload their treasures, set their rules, and maybe—perhaps—make a penny or two.

From $10.30 to $48.50, Hyperliquid pirouetted through the dreams of investors, only to falter now like a prima donna mid-act. The price, once a tempest, now drizzles, retreating beneath its former bastion of support. Benaiah, that oracle of charts, sighs, “HYPE doesn’t look good”—a verdict as poetic as it is damning. If $35-$38 crumbles, the market may descend into a Darwinian free-for-all, where only the fittest bids survive. 💸

Joao Wedson, that crypto oracle in a tweed coat, declared on X that the long-term holders (LTHs), those noble scribes of Bitcoin’s ledger, have begun their slow dance toward the exit. “Aged coins stir,” he intoned, “as if roused from a century of slumber by the scent of profit and the distant echo of ETFs.” Yet, with 50% of ETF-held Bitcoin already sold, Wedson, ever the optimist, insists the bull market will persist “for at least two more months”—a promise as certain as Tolstoy’s belief in the redemption of man.

The economic calendar is looking like a particularly exciting episode of “Who Wants to Be a Millionaire?” The Consumer Price Index (CPI) report on August 12 will reveal whether inflation is cooling down or if those pesky tariffs are turning the economy into a hot pot of chaos. Two weeks later, the Producer Price Index (PPI) on August 14 will give us yet another peek under the economic hood.

On the fateful day of July 31, a brave soul from CurveDAO decided to throw caution to the wind and submit a proposal. This proposal, which could be mistaken for a particularly dry tome on the history of paint drying, argued that Curve’s Layer 2 escapades are about as profitable as a chocolate teapot. Apparently, they generate little revenue and divert resources from far more exciting ventures, like the shiny new crvUSD stablecoin. Layer 2 networks, you see, are supposed to be the knights in shining armor, improving Ethereum’s scalability and becoming the talk of the town. But alas, it seems they’ve turned out to be more like the court jesters. 🤡

Martinez employs the mystical CBD (cost basis distribution) model—think of it as on-chain astrology—that reveals where the treasure chests of ENA are buried at various price levels. According to this oracular system, support zones are emerging around $0.47 and $0.44, where the tokens have amassed into sizable hoards, akin to dragons guarding their gold. Should the market mood sour and push ENA beneath this protective layer, brace yourselves for the $0.35 zone, a veritable redoubt held by a $1 billion ENA supply cluster, as indicated by the deepest red on the chart—probably the financial equivalent of a bunker in wartime.

So, Mill City Ventures is now the proud owner of over 76 million SUI tokens—at an average price of $3.6389. For those keeping score, that’s roughly the cost of a small wedding in a budget-friendly venue. Just imagine the conversation at dinner parties: “What does your company do?” “Oh, we’re the first public company holding SUI as a treasury reserve!” (Insert blank stares here.)

In the star-studded saga of Bollywood wannabes Sidhartha “Sammy” Mukherjee and Mrs. Mukherjee, the plot thickened—federal investigators swooped in like hawks. Turns out, they weren’t just charming socialites—they were *professional* con artists with a platelet of scams topped with a sprinkle of fraud. Bravo, guys, bravo.

Alex Rampell, a General Partner at Andreessen Horowitz (a16z), spilled his cryptic missive on July 31, a parchment scrawled with ink thicker than a banker’s conscience.

Just yesterday, a staggering $613 million in leveraged positions evaporated into the ether, leaving traders scratching their heads—probably wondering if they should’ve just bought a cow. CoinGlass reports that the lion’s share of this liquidated chaos came from longs, which is a fancy way of saying folks bet big and lost bigger. 🐂➡️💧