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Upexi investors registered 43.85 million shares of resale stock, equivalent to the company's initial float in April. Other Sol Treasury companies rated as "Hold" by Cantor, such as Sol Strategies and DeFi Development, also experienced a price drop, while SharpLink Gaming saw its stock price plummet over 70%.
Barclays’ decision to ban crypto transactions via debit cards, effective June 27, 2025, has caused frustration due to its sudden shift away from previous crypto investments and UK government policies supporting crypto growth.
More than half of the mining equipment in Iran is controlled by official entities with ties to the government, especially the Islamic Revolutionary Guard Corps and its affiliates. They use "legitimate businesses" as a cover, but actually control the majority of Iran's cryptocurrency mining capacity.
Share link:In this post: Telegram shut down major crypto crime channels, including Huione and Xinbi Guarantee, disrupting billions in illegal trades. Over 30 new markets quickly replaced them, showing how fast these networks adapt and recover. Experts say crypto escrow markets will survive, moving to new platforms or tools like smart contracts.
- 21:56Slash launches USDSL, a USD stablecoin based on Stripe BridgeAccording to Jinse Finance, San Francisco-based neobank Slash has launched the USDSL, a US dollar stablecoin issued by Bridge, a subsidiary of Stripe, along with global USD account services. This product enables USD deposits, withdrawals, and cross-border payments without the need for a US bank account, aiming to shorten settlement times and reduce foreign exchange costs. In May of this year, Slash completed a $41 million Series B funding round, reaching a valuation of $370 million.
- 20:46US Dollar Index edges down on the 5th, closing at 98.782According to Jinse Finance, the US Dollar Index edged down on the 5th, closing at 98.782, slightly lower than the previous trading day's 98.786.
- 19:32Zelensky: Supports US Ceasefire Proposal and Calls for Sanctions Against RussiaAccording to Jinse Finance, on August 5 local time, Ukrainian President Zelensky stated in his routine evening video address that he had a phone call with U.S. President Trump that day, with the most important topic being how to end the Russia-Ukraine conflict as soon as possible. Zelensky said that Ukraine fully supports the U.S.-proposed "immediate ceasefire" initiative. He emphasized that the key is to make Russia feel the pressure from the international community, especially from the United States, as well as the threat of harsher sanctions resulting from the war. One crucial measure is to sanction Russia's oil exports.