The millionaire leverage trader was liquidated on his latest DOGE position, as he predicted an end to the current market downturn. Crypto millionaire James Wynn said the August market downturn was ending, even after his latest memecoin liquidation by an alleged market maker “cabal.” Wynn was liquidated on his recent 10x leveraged long position that was betting on a Dogecoin (DOGE) price appreciation, losing $22,627, according to blockchain data platform Onchain Lens’ Monday X post. That was a relatively small loss for Wynn, compared to his leveraged $100 million position that was liquidated on May 30, when BTC briefly dipped below a 10-day low of $105,000. Read more
Bitcoin’s pullback is flushing out weaker hands, while resilient holders remain focused on the $150,000 technical analysis target in play. Key takeaways: Bitcoin’s $124,500 high is unlikely to be the cycle top, with all 30 peak indicators still neutral. Recent losses show new investors capitulating as seasoned holders are unfazed. Read more
Trump’s firing of Federal Reserve Governor Lisa Cook has sparked a legal standoff and renewed concerns over the Fed’s independence. Update (Aug. 26, 2025, 2 PM UTC): This article has been updated to add commentary by crypto lawyer Aaron Brogan. US President Donald Trump announced the dismissal of Federal Reserve Governor Lisa Cook, raising questions about the reliability of the US dollar. In a Tuesday post, the White House Rapid Response X profile published a letter signed by Trump removing Cook from her role at the Federal Reserve. He accused her of having made false statements on one or more mortgage agreements and, addressing her directly, wrote: Read more
Pudgy Penguins, BAYC and Doodles led the decline over the past week, while CryptoPunks held on with only a 1.35% drop. Blue-chip non-fungible token (NFT) collections had steep weekly declines as Ether pulled back from all-time highs. Data from decentralized finance aggregator DefiLlama showed that top projects saw their floor prices sink by double digits in the last seven days. Blue-chip NFT collections like Pudgy Penguins, Bored Ape Yacht Club (BAYC) and Doodles were among the hardest hit. Pudgy Penguins, the top NFT collection by 24-hour and 7-day volume, saw a 17.3% drop to a 10.32 Ether (ETH) floor price. BAYC shed 14.7% to 9.59 ETH, while Doodles recorded one of the sharpest corrections, dropping 18.9% to 0.73 ETH. Other major collections like Moonbirds and Lil Pudgys dropped 10.5% and 14.6%, respectively. Read more
Ever-evolving cybersecurity efforts are forcing hackers to seek out weak links among human vulnerabilities to fuel an “endless war,” CertiK co-founder said. Despite the crypto industry’s ongoing cybersecurity efforts, protocols are engaged in an endless war with cryptocurrency hackers, who continue to attack the weakest link in crypto protocols, which is often a human behavioral element. The industry is engaged in unfair warfare with bad actors, who only need a single point of vulnerability to exploit a protocol, according to Ronghui Gu, professor of computer science at Columbia University and the co-founder of blockchain security platform CertiK. “As long as there’s a weak point or some vulnerabilities out there, sooner or later they will be discovered by these attackers,” said Gu, speaking during Cointelegraph’s Chain Reaction daily live X spaces show, adding: Read more
French chipmaker Sequans has said it is looking to accumulate 100,000 Bitcoin within five years in an aggressive treasury strategy. French semiconductor company Sequans Communications filed for a $200 million at-the-market equity offering on Monday to fuel its Bitcoin treasury strategy — with the longer-term aim to amass 100,000 Bitcoin by 2030. The program will allow the 4G and 5G chipmaker to issue American Depositary Shares — US dollar-denominated equity shares of a foreign company that are traded on US stock exchanges — at its discretion, it said in a filing to the Securities and Exchange Commission on Monday. “We intend to use it judiciously to optimize our treasury, increase Bitcoin per share, and deliver long-term value to shareholders,” Sequans CEO Georges Karam said in a statement. Read more