Judge lets FTX recovery trust chase Binance for $1.76 billion over a 2021 share buyback

The FTX Recovery Trust, which is pursuing assets for the bankrupt exchanges creditors, can keep trying to recover at least $1.76 billion that FTX alleges it transferred to Binance parties in a 2021 share repurchase.  A July 24 ruling by U.S. Bankruptcy Judge Karen B. Owens preserved the core clawback claims against four Binance entities and Changpeng Zhao while dismissing separate claims tied to FTXs collapse. The decision lets the case continue but does not establish liability or award money to the estate.  According to the complaint, seven agreements executed July 15, 2021, repurchased Binances roughly 20% stake in FTX Trading and an 18.4% stake in West Realm Shires held by Zhao, Dinghua Xiao and Samuel Wenjun Lim. The consideration allegedly consisted of the BUSD, BNB and FTT tokens.  The trust alleges that the transferred assets were worth at least $1.76 billion. That is the amount sought and an alleged value, not a court-set valuation or an award.  Owens allowed Counts I through V to proceed against Binance Holdings Limited; Binance Capital Management Co. Ltd., now known as Digital Anchor Holdings Limited; Binance Holdings (IE) Limited; Binance (Services) Holdings Limited; and Zhao. Those counts assert constructive and actual fraudulent transfers and seek recovery of

07-31Industry

Profusa Inc. (PFSA) Stock: Drops as G3 Deal Hinges on $30M Financing

TLDRProfusa stock drops after hours as the G3 acquisition faces key conditions.The G3 deal requires at least $30 million in secured financing before completion.G3s unaudited 2025 revenue estimate of $111 million supports the deal value.Shareholder approval is needed to convert preferred stock into common shares.Profusa must retain its Nasdaq listing and resolve G3 debt before the closing.  Profusa shares closed unchanged at $1.06 in regular trading before dropping 3.77% to $1.02 during after-hours trading. The decline followed a formal option agreement covering Profusas proposed acquisition of G3 Vision Labs and three subsidiaries. The transaction now depends on financing, debt restructuring, shareholder approval, and continued Nasdaq listing compliance for the proposed transaction.  Profusa, Inc. Common Stock, PFSA  Profusa Sets Terms for G3 Acquisition  Profusa secured the right to acquire G3 Vision Labs, Med Screen Laboratories, Dominion Diagnostics, and Acutis Diagnostics under the agreement. The option remains open until G3 provides required financial records, followed by an additional 90-day exercise period under agreed terms. G3 estimated 2025 net revenue at about $111 million using unaudited management information for the diagnostics group and subsidiaries.  The proposed combination would create a public diagnostics company operating national laboratories certified under federal CLIA standards across several markets. These laboratories serve addiction

07-31Industry

US and Israel plan to attack Irans energy infrastructure – CBS News

CBS News reported that the United States and Israel may engage in a large campaign against Iran, targeting Irans energy infrastructure, said multiple sources.  The duration would be over the weekend ahead of next weeks Asian open in the financial markets. The article mentions that US sources revealed that Israel has been notified and “are coordinating with the United States.” The US “president has yet to give the final go orders for the strikes, the sources said.”  Meanwhile, an Israeli official told CBS News, Israel is unaware of a decision to restart full military operations, nor has been requested of Israel to join any military actions against Iran.[  The article read “The military strike plan came up during President Trumps cabinet meeting at Camp David on Friday, according to sources briefed later. Some White House aides who focus on politics were strongly opposed, one of the sources said.”  According to two sources, energy infrastructure includes power plants and refineries would be the main targets,  Risk sentiment FAQs  In the world of financial jargon the two widely used terms “risk-on” and “risk off” refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about

07-31Industry

XRP adds 489K accounts in 2026 – Inside XRPLs network surge

Ripple [XRP] is slightly down by around a percent but still accounts for a sizeable daily trading volume. The altcoins daily volume is about $1.06 billion, slightly lower than the high volumes experienced in a bullish market.  This significant volume results from high network activity growth. Despite that, the price of XRP is lagging, down about 41% year-to-date (YTD).  Network activity on XRP Ledger explodes  On-chain data showed immense network growth across multiple divides.  For instance, the XRP Ledger has added 489,739 new accounts in the first half of 2026. As a result, they have hit a new peak level of 8.403 million in July, up from 7.913 million.  Additionally, exchange supply declined to a new 7-year low of 2.748 billion XRP tokens. This indicates accumulation is in progress as coins are moving to self-custody, reducing circulating supply.  Moreover, the cumulative spot ETF inflows hit $1.50 billion, accounting for about 1.48% of the market cap. The daily total net flow was $5.98 million, with a total traded value of $8.83 million.  Source: RippleXity  On top of that, Ripple Mint went live for institutional RLUSD. In fact, RLUSDs market cap was growing on both the XRP Ledger and the Ethereum [ETH] network.  Recently, Ripple minted 15 million RLUSD on Ethereum

07-31Industry

Grayscale Presses Senate to Advance CLARITY Act Before Break

TLDR:Grayscale urged Senate leaders to schedule a CLARITY Act floor vote before the August recess, warning that regulatory delays restrict institutional participation.The House passed H.R. 3633 by 294-134, while the Senate Banking Committee advanced the measure 15-9 before sending it toward the chamber floor.Senate negotiations still cover ethics enforcement, stablecoin rewards, developer protections, and counter-terrorist-financing compliance language.Republicans hold 53 Senate seats, so supporters may need at least seven Democratic votes to clear the 60-vote procedural threshold.  Grayscale has urged Senate leaders to schedule a CLARITY Act vote before lawmakers leave Washington for the August recess. The digital asset manager says delayed market rules restrict institutional participation across crypto products. Its request arrives while Bitcoin trades near $63,002, down 2.69%, with Ether near $1,863. However, no clear price move has been directly tied to the letter.  Grayscale argues that pension funds, endowments, developers, and product issuers need predictable federal standards. The firm wants senators to finish negotiations covering regulatory jurisdiction, investor safeguards, stablecoin rules, and developer protections. Financial crime controls must be settled before floor time disappears.  CLARITY Act Vote Push Meets a Tight Senate Calendar  Grayscale addressed its request to Senate Majority Leader John Thune and Minority Leader Chuck Schumer. The company said hundreds

07-31Industry

Giggle Fund crypto Analysis: July 2026 Resistance Test Near $47

Trading at $44.85 on July 31, 2026, Giggle Fund crypto has staged a parabolic advance that leaves it dramatically above short-term moving averages yet still below the 200-day EMA at $47.07. With the Fear the question is whether that next violent move is continuation or correction. Right now, the evidence is genuinely split, and honesty about that uncertainty is worth more than a confident call in the wrong direction.  FAQWhat is the current price of GIGGLE?  As of the daily close on July 31, 2026, GIGGLE is trading at $44.85. It sits more than 58% above its 20-day and 50-day EMAs but remains below the 200-day EMA at $47.07.  Is GIGGLE overbought right now?  Yes. The daily RSI has reached 81.96, a level that is statistically rare and typically resolves with either a sharp consolidation or a reversal. The hourly RSI at 72.04 is elevated but less extreme.  What level must GIGGLE break to confirm a bullish continuation?  A confirmed daily close above the 200-day EMA at $47.07 would be the cleanest bullish signal. Beyond that, the R1 pivot at $51.83 becomes the next meaningful target.  What would signal a bearish reversal for GIGGLE?  A breakdown below the hourly S1 at $43.75 would suggest short-term structure is weakening.

07-31Industry

Chevron Corporation stock Analysis: Q2 Earnings Surge Drives Bullish Momentum

Chevron Corporation stock surged after posting $12 billionin Q2 2026 adjusted earnings — a 287%jump from $3.1 billion a year earlier. CVX closed July 31 at $196.83, trading above all major moving averages. Production records and pending Hess synergies add further fundamental weight to the technical uptrend.  CVX — daily chart with candlesticks, EMA20/EMA50 and volume.Key takeawaysQ2 2026 adjusted earnings reached $12 billion, a 287% increase from $3.1 billion in Q2 2025.CVX closed at $196.83, comfortably above EMA20 ($187.25), EMA50 ($184.59), and EMA200 ($176.40).Daily RSI at 67.14and an expanding MACD histogram confirm strong bullish momentum across the daily timeframe.Near-term resistance sits at $199.08(R1), with the daily Bollinger upper band at $201.44as the next structural target.Key support levels to monitor: $195.31(daily pivot) and $193.06(S1).  Daily Chart: A Structurally Bullish Chevron Corporation Stock  The daily chart confirms a structurally bullish configuration for Chevron Corporation stock, with price sitting above all three major moving averages in a textbook stacked alignment. CVX trades above its EMA20 at $187.25, EMA50 at $184.59, and EMA200 at $176.40. Each of those levels now functions as dynamic support. Meanwhile, the spread between them reflects a trend that has been building steadily rather than spiking erratically.  Daily RSI stands at 67.14 — elevated

07-31Industry

Solana (SOL)s RWA Ecosystem Hits $3.7B, 313K Holders Bolster Growth

Felix Pinkston  Jul 31, 2026 19:20  Solana (SOL) leads in tokenized real-world assets, hosting $3.7B value across Treasuries, equities, and private credit with 313K holders as of July 2026.  Solana (SOL)s real-world asset (RWA) ecosystem has surged to $3.7 billion in tokenized value, with over 313,000 holders, according to the latest data as of late July 2026. This marks a remarkable transformation for the blockchain, which saw negligible RWA activity just two years ago. Solana now hosts an expanding array of tokenized assets, including U.S. Treasuries, equities, private credit, reinsurance, and commodities, positioning itself as a key player in onchain institutional finance.  BlackRock, J.P. Morgan, Visa, and Franklin Templeton are among the high-profile names leveraging Solana‘s infrastructure. BlackRock’s BUIDL fund, which manages over $600 million on Solana, highlights the networks appeal to major asset managers. Visa and Mastercard have integrated stablecoin-based settlement on Solana, while J.P. Morgan executed a $50 million onchain commercial paper issuance for Galaxy Digital in late 2025.  Key Drivers of Solanas Institutional Success  Three structural advantages are fueling Solanas RWA growth: broad asset distribution, active financial use, and category diversity.  Broad Distribution:Solanas fee structure encourages smaller positions and frequent transactions, making it accessible to retail investors. With over 313,000 RWA holders, Solana outpaces

07-31Industry

Coldcard Bitcoin Thief Likely Used Top Blockchain Services Provider

Since over $70 million in Bitcoin was stolen yesterday by an attack that exploited a fault in the Coldcards system, it has been reported that the thief used a top blockchain services provider for help.  Writing on X Friday, engineer at payments company Block, Clay Garrett, said that the provider — who he did not name at the request of the services provider — had been contacted after finding blockchain movements matched the “suspected workflow” of the attacker.  “During our investigation of the Coldcard drain yesterday, we identified an unusual pattern in the sweeps,” Garrett said.  “That pattern led us to a hypothesis that has since been confirmed: the operator used a paid account at a well-known blockchain-services provider to query the source addresses and perform other related activity during the sweeps,” Garrett continued, adding that the authorities had been notified.  Galaxy Digitals research arm also wrote on X that the thief had an unusual pattern of moving the coins.  “The pattern tells us these were all the same attacker — it does not capture the attack itself, which looks the same as if a coin owner chose to move coins,” the company said, adding that Bitcoiners should move funds out of single-signature Coldcard addresses

07-31Industry

Bitcoin Price Faces Sharp Move After $65,700 Rejects Bulls Again

Key InsightsBitcoin price faced two rejections near the $65,700 resistance zone.A confirmed breakout could expose the next resistance near $67,200.Derivatives data showed balanced positioning before the Federal Reserve decision.  Bitcoin traded near $64,300 on July 31 after sellers rejected another approach toward $65,700. The Bitcoin price remained inside a narrowing four-hour range as traders assessed the Federal Reserves hawkish policy signal.  The setup mattered because Bitcoin lacked a clear derivatives or on-chain imbalance before the policy decision. That positioning left the market exposed to rapid repricing without confirming a broader directional break.  Bitcoin Price Holds Near $64,000 After Rejection  TradingViews Bitstamp chart showed Bitcoin near $64,282 at 1:32 a.m. UTC on July 31. The session produced a $64,367 high and a $64,170 low before price stabilized.  btc price chart. Source: TradingView  The chart also showed two failed attempts near the upper resistance area within one week. Sellers defended the descending trendline while buyers protected the broader range floor.  That Martini Guy identified $65,700 as the main level buyers had failed to reclaim. He said a successful support flip could create room for $67,200.  The trader also placed immediate support near $64,000. Holding that area preserved the current range, while losing it could expose lower technical levels.  TradingViews four-hour pattern

07-31Industry
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