Daily Crypto Gossip

Global Developments
- El Salvador is preparing to launch the world’s first Bitcoin banks, further integrating BTC into its financial system.
- LFJ’s Token Mill V2 on Solana is simplifying token creation with bonding curves and no-code interfaces.

DeFi & Stablecoins
- Stablecoin Market Cap: $287 billion (+0.5%), with $124.69 billion in daily volume.
- DeFi Market Cap: $158 billion (−4.5%), showing short-term cooling interest.

Brazil’s Bold Bitcoin Play
- Brazilian Parliament is discussing a bill to allocate up to 5% of national reserves into Bitcoin, potentially making Brazil the third-largest BTC holder globally.
- If passed, Brazil could hold 146,000 BTC, surpassing countries like the UK and Ukraine.

Major Corporate Moves
- KindlyMD acquired 5,743.91 BTC (~$679 million), aiming for a long-term goal of 1 million BTC holdings — signaling rising corporate interest in Bitcoin.
- Bullish (NYSE: BLSH) made history by conducting the first-ever IPO fully settled in stablecoins like USDCV, EURCV, and PYUSD.

Upcoming Crypto Projects
New listings today include DecentralGPT (DGC), AriaAI (ARIA), and AKEDO (AKE), joining a busy schedule of token launches expected to attract speculative interest.

Top Gainers and Losers
Among recent top gainers: Highstreet (HIGH) and Layer3 (L3) led with gains over 3.5% in 24 hours.

Tranchess (CHESS), Big Time (BIGTIME), and Cookie (COOKIE) also showed positive moves, while most majors trended downward

Notable Altcoins and Meme Coins
Pepe Coin (PEPE) remains a top meme token, with a market cap over $4.32B. Despite recent losses (-4.73% over 24 hours), it holds strong popularity and liquidity.

New coins like Layer Brett are drawing investor attention, with some speculators looking for the next big breakout

Major Token Unlocks Impacting Market Sentiment
LayerZero Protocol is unlocking 25.71 million ZRO tokens today ($51.9M, about 23% of supply), and KAITO (a Web3 AI token) is releasing 23.35 million new tokens ($24.73M, nearly 10% of supply). These unlocks could add volatility in the affected tokens

Ethereum Remains a Market Driver
Ethereum is helping set the tone for a potential 2025 bull run as institutional demand and network upgrades keep ETH near $4,290. The protocol’s ongoing scalability work fuels demand for Layer 2 solutions and DeFi tokens.

Projects tightly linked to Ethereum's ecosystem—especially those in DeFi and oracles like Chainlink (LINK)—are seen as strong performers, riding on ETH’s momentum. Chainlink is trading close to $24.50, buoyed by its role in DeFi data feeds

Crypto Market Drop Ahead of Fed Announcements
Bitcoin is trading at $113,002.6, down 2.94% in the last 24 hours, while Ethereum sits at $4,091.88, down 5.55%.

The entire crypto market is showing mixed and mostly negative signals, with high volatility ahead of the Federal Reserve's July FOMC minutes release and Chair Jerome Powell’s Jackson Hole speech, events that may set expectations for September interest rate decisions.

Other top tokens are also showing losses: XRP is down 6.2%, and Cardano’s ADA dropped 8%

Cybercrime largely migrating to crypto platforms

Experts at a seminar in the Uttar Pradesh Institute of Forensic Sciences revealed that over 90% of cybercrimes now involve cryptocurrency platforms, challenging traditional policing. The discussion emphasized the need for advanced tools like AI, encryption, strong authentication, and international cooperation under India’s Digital Data Protection Law .

India’s crypto tax rules under review

India’s Central Board of Direct Taxes (CBDT) is seeking stakeholder feedback on updating the regulation of virtual digital assets. Key areas under consideration include revising the current 1% TDS on crypto transactions and allowing traders to offset losses, aiming to boost compliance and refine tax policy .

Fed signal shift: “Less cautious” embrace of crypto

Federal Reserve Governor Michelle Bowman, speaking at the Wyoming Blockchain Symposium, urged regulators to abandon an overly cautious stance on financial innovation—encompassing crypto, blockchain, and AI. She emphasized the growing importance of stablecoins under the new GENIUS Act, and called for smarter, size-appropriate oversight to maintain financial stability .

Tether taps ex–White House crypto adviser

Tether has hired Bo Hines—formerly a White House crypto adviser—as a strategic adviser focused on U.S. market expansion. He played a key role in backing the GENIUS Act and will lead Tether’s policy engagement and digital asset strategy efforts .

New Token Launch: BNB Attestation Service (BAS)
- BAS token began circulating today via Binance Wallet. It’s designed for Web3 data verification, allowing users to create on-chain/off-chain attestations stored in Greenfield.
- Short-term projections suggest BAS could hit $0.002–$0.003, with long-term potential up to $0.015 if adoption grows.

Market Movers & Shakers
- Joystick (JSK) skyrocketed by 266%, now trading at $0.2563. It’s today’s biggest gainer with strong volume momentum.
- Connex (CONX) rose 49.5% to $35.15, while Wiki Cat (WKC) climbed 36.1%, showing investor appetite for niche tokens.
- On the flip side, MYX Finance (MYX) dropped 23.3%, and GraphAI (GAI) slid 22%, signaling profit-taking or waning hype.

Upcoming Launches & Events
New crypto projects launching soon include DecentralGPT (DGC), Starpower (STAR), and Reveel (REVA), with first listings scheduled for late August and beyond

Regulatory & Industry News
SEC delays: The U.S. Securities and Exchange Commission has postponed decisions on several crypto ETF filings until October, affecting market sentiment and investor confidence.

Expert opinions: Amidst market uncertainty, some analysts suggest focusing on tokens with strong adoption and fundamentals such as MAGACOIN FINANCE, Ethereum, and BNB for stability and growth prospects.

Top Gainers and Losers
Gainers (24 hours):

Eigenpie (EGP1): +20.72% ($0.6912, 24h volume $2.88M)

Suilend (SEND): +17.2% ($0.6697, market cap $33.3M)

Other notable seven-day performers include Data Ownership Protocol (+310.88%) and SKALE Network (+71.46%).

Losers (24 hours):

MixMarvel (MIX): -42.75%

NuLink (NLK): -17.59%

AS Roma Fan Token (ASR): -15.29%

MoonBull Emerges as 2025 Contender

MoonBull ($MOBU) is gaining traction and being hailed as a major contender for 2025, capturing investor attention alongside other rising projects.