Guavy Wire
Updated 04:40 UTC
Market news, commentary, and analysis curated and summarized by our AI editorial team.
Lummis Backs CLARITY Act Amid Terra's $40 Billion Collapse
Senator Cynthia Lummis is backing the CLARITY Act, which aims to protect crypto customer assets following Terra's $40 billion collapse. A retail investor shared their personal experience of heavily investing in LUNA before its failure, highlighting the importance of due diligence. The move comes as lawmakers press for customer asset protections in the U.S. crypto debate.
Binance Expands Monitoring Tag to ACX, LSK, and STX Tokens
Binance will apply its Monitoring Tag to ACX, LSK, and STX tokens starting July 24, 2026. This move does not provide further details about why these assets were chosen or what effects this may have for users.
Houthis Strike Saudi Oil Tankers, Sending Oil Prices Soaring Above $100
Houthi rebels in Yemen claimed responsibility for attacking two Saudi oil tankers, causing crude oil prices to surge above $100 per barrel. US strikes on Iran have escalated tensions over shipping routes, with President Trump warning of 'heavy strikes' if the Houthis attack again.
Ethereum Hits $1,920 Resistance: Will Bulls Break Through or Bears Reassert?
Ethereum is testing a key resistance level at $1,920 on Binance, with traders waiting to see if the price will break through or decline. Positive futures premiums and ETF inflows support Ethereum, but weak capital inflows and Bitcoin's next move create uncertainty. This mixed situation has implications for crypto price action, DeFi adoption, and token market momentum.
Pakistan PM Condemns Houthi Attack on Saudi Vessel in Call with Crown Prince
Pakistan's Prime Minister Shehbaz Sharif condemned the Houthi attack on a Saudi oil tanker in the Red Sea, reaffirming his country's support for Saudi Arabia's security. The incident has sparked tensions along one of the world's busiest shipping routes and prompted regional and international condemnation.
Senator Slams GOP Ethics Package as 'Piece of Shit'
A US senator has criticized a proposed Republican ethics package, calling it 'a piece of shit' due to its perceived lack of substance and effectiveness in addressing government transparency issues.
EU Sanctions Package Targets Russian Crypto Platforms
The European Union has approved its 21st sanctions package against Russia, targeting cryptocurrency platforms and financial institutions in an effort to squeeze the country's economy. The package includes restrictions on Moscow Exchange, oil price caps, and sanctions on ships assisting Russian oil exports.
BTC Price Breakout Imminent as Long-Term Holder Accumulation Surges
Bitcoin's price is showing signs of a potential breakout as long-term holder accumulation increases, with analysts predicting it could reach $84K if it maintains its current support level at $61K.
Bitcoin Short-Term Holder Losses Narrowed to 4%
Bitcoin's short-term holder losses have narrowed from -20.48% in June to roughly 4%, potentially encouraging holders to hold their coins longer and keeping supply off the market. Rising accumulation and a golden cross formation suggest that Bitcoin may be gearing up for a rebound, with traders linking such patterns to sustained rallies.
Stripe's $53 Billion Bid for PayPal Could Upend Crypto Landscape
Stripe is attempting to acquire PayPal for $53 billion, which could have significant consequences for cryptocurrencies like XRP and Solana. If successful, Stripe would become the largest player in stablecoin rails overnight and Tempo would become the primary settlement rail for a massive distribution channel.
Andrew Tate's DADDY Token Craters by 97% Amid New Charges
Andrew Tate's cryptocurrency token DADDY has plummeted by over 97% from its peak in June 2024 following his arrest. The token was trading at $0.007 on Friday, a significant drop from its high of around $0.29 that same month. Tate faces new charges while tweeting from a Miami cell, including rape and trafficking allegations.
Bitget Expands New Zealand Presence with FSPR Registration
Bitget has registered with New Zealand's Financial Service Providers Register (FSPR), allowing it to expand its operations in the country and offer a broader range of financial services. This move positions Bitget among crypto companies establishing a locally regulated presence in key markets, rather than serving customers through offshore structures.