ZachXBT Names Tiffany Milanovich in Alleged Wallet and Coinbase Theft Network
💰 ZachXBT has identified Tiffany Milanovich as a key player in a scam network responsible for over $5 million in thefts through impersonation of hardware wallet and exchange support.
📞 Milanovich has been recorded taunting victims after draining their accounts, showcasing her stolen gains on social media, including luxury purchases and casino gambling.
🔍 The investigation revealed connections to another accused thief, John Daghita, and highlighted Milanovich's reckless flaunting of stolen funds, raising hopes for her legal repercussions due to the extensive evidence against her.
SEC Plans Vote on New Crypto Investment Contract Rules as CLARITY Act Stalls
🚀 The SEC is set to hold an open meeting on August 14 to discuss new rules for a tailored offering path for specific crypto investment contracts, amid delays in the CLARITY Act's progress in Congress.
📝 A formal proposal from the SEC would require a lengthy process, including public comments and revisions, potentially taking 12 to 18 months before any new rules are finalized.
🤝 The CFTC is also moving forward with its Innovation Advisory Committee, while disagreements over the CLARITY Act persist, particularly regarding stablecoin yield language and bipartisan ethics issues.
Internet Computer (ICP) Rebounds 10% Weekly: What’s Happening and What’s Next?
🚀 Bitcoin and Ethereum saw significant volatility last week, but ICP, the utility token of Internet Computer, outperformed top assets with a 10% weekly gain, reaching nearly $2.40.
📈 Analysts predict a potential bullish rally for ICP, with targets suggesting a rise to $3 if it breaks through current resistance levels, while some foresee a massive expansion move if it surpasses $3.50-$4.
📉 Despite recent gains, ICP remains down 99.7% from its all-time high of around $700 in 2021, with market capitalization now under $1.3 billion, leading to cautious sentiment among traders regarding possible declines.
Bitcoin Knots Plans New Proof-of-Work Algorithm After BIP-110 Enforcement Fails
🔄 Bitcoin Knots announced plans to select a new proof-of-work algorithm for the stalled BIP-110 chain, which has only produced two blocks since its split.
⚔️ The situation has sparked a debate within the community regarding Bitcoin's consensus, with differing opinions on the legitimacy and support for the BIP-110 fork.
📉 Despite the turmoil, Bitcoin's price remained relatively stable at around $64,000, showing minimal reaction to the ongoing developments in the BIP-110 chain.
Bitcoin Miner Riot Stock Jumps 24% After $9.1B Anthropic AI Deal
🚀 Anthropic has struck a massive $9.1 billion deal with Riot Platforms for computing capacity over 20 years, significantly boosting Riot's stock by 24% in after-hours trading.
📈 Riot's shares soared from $19.40 to $24.13 after the announcement, marking a dramatic recovery from a previous decline and nearing its 52-week high.
💰 The agreement reflects a growing trend where Bitcoin miners, including Riot, are selling BTC to fund AI infrastructure, with public miners collectively selling over 32,000 BTC to invest in AI contracts worth an estimated $70 billion.
Pi Network’s PI Crashes Below Key Support as Pioneers Await Major Update Today
📉 Pi Network's native token, PI, has seen a significant drop below the crucial support level of $0.09 after a brief rally, with its market cap now under $950 million.
🔧 The community is eagerly anticipating the second-to-last protocol upgrade (version 26), which is due by August 11, with warnings for Mainnet Nodes to upgrade to avoid disconnection.
🤔 Despite the importance of version 26 as a precursor to the final upgrade, there has been little communication from Pi Network regarding its deployment, leaving Pioneers in suspense.
195 Days and Done: Why This Crypto Prediction Platform Just Shut Down
🔥 Fireplace, the prediction markets trading terminal, is shutting down, giving users until September 30 to close positions and withdraw funds after raising $1.5 million in February.
📉 The platform launched on January 27 and garnered significant interest with over 30,000 traders on a waitlist, but no reason for its closure was provided.
💰 Meanwhile, other prediction market venues like Kalshi and Polymarket continue to thrive, raising billions and dominating the market despite Fireplace's exit.
North Korea’s Kimsuky Turns to AI as Crypto Firms Face New Threats
🤖 Kimsuky is developing local AI environments to enhance its cyberattack capabilities, specifically targeting the cryptocurrency and financial sectors, using tools like Ollama and GPT4All to minimize data exposure.
📊 The group is integrating AI into its operations, evidenced by attempts to connect documents to AI systems for knowledge sourcing, and collecting libraries for automated agents and document retrieval.
💰 North Korea-linked attackers accounted for over 55% of cryptocurrency thefts in the first half of 2026, with significant losses tied to state-sponsored groups, highlighting their ongoing threat to the crypto industry.
Keith Grossman Warns Crypto Must Prove Its Value as 100+ Projects Fold in 2026
🚨 Over 100 crypto projects have shut down or filed for bankruptcy in 2026, prompting a critical reevaluation of whether they are meeting real user needs, according to MoonPay President Keith Grossman.
📉 Grossman draws parallels between the current crypto slump and the dot-com crash, emphasizing that merely launching a token or blockchain isn't enough; projects must demonstrate genuine value to survive.
🔍 He highlights that many closures, including notable platforms like Tally and exchanges like BitMart, illustrate that high usage doesn't guarantee sustainable revenue, urging the industry to focus on viable business models.
Analyst Predicts Big Market Moves Before Q4 as Traders Grow Bored in Quiet Crypto Market
🚀 Bitcoin is poised for explosive moves ahead of expected Q4 lows, as the market experiences an unusually quiet phase that has left traders feeling bored.
📉 Analyst Sykodelic has entered a short position after a weak weekly close, anticipating a drop to $60,500 before a significant upward reversal.
🔍 Despite recent volatility, other analysts are showing optimism, citing signs of a completed correction and bullish indicators, while Bitcoin remains around $65,000, down nearly 45% over the past year.