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These three altcoins saw significant declines today. Can they reclaim key support levels, or are deeper losses ahead?
Senator Cynthia Lummis sees Bitcoin as a solution to the US debt crisis, proposing a national reserve to leverage its long-term appreciation. Her BITCOIN Act is gaining traction, with 15 states backing similar initiatives.
The crypto market has dipped in response to President Trump’s plan to enact steep tariffs on imported goods from Canada, Mexico, and China beginning on Tuesday.Canada and Mexico have ordered retaliatory tariffs in response, while China promised “corresponding countermeasures” and said it would file a lawsuit with the WTO.Memecoins were particularly hard-hit by the downturn, with many top coins seeing double-digit percentage drops. Trump’s memecoin has fallen nearly 30% over the past week.
Quick Take THORChain’s governance approved a proposal to address a nearly $200 million debt crisis. The approved plan involves converting defaulted debt into equity by issuing creditors a new token called TCY. TCY token holders are entitled to 10% of THORChain’s revenue in perpetuity.
Quick Take Story is a specialized Layer-1 blockchain transforming intellectual property (IP) into a programmable asset class critical for artificial intelligence (AI). IP has emerged as the largest intangible asset class in the world, ranging from code and data to scientific research, and AI models depend on it for both training and inference. By bringing IP on-chain, Story streamlines licensing, automates royalties, and ensures verifiable ownership at scale. This research is commissioned by Story Foundati
- 05:27A Whale Closes ETH Short Position and Opens $116 Million ETH 15x Long PositionOn July 21, according to on-chain data, a certain whale closed their ETH short position 17 hours ago and, within the past 7 hours, accumulated $116 million worth of ETH long positions with 15x leverage. The average entry price was $3,762.58, with a liquidation price of $3,604.
- 05:12Spot gold rises to $3,360 per ounce, up 0.29% on the dayAccording to Jinse Finance, spot gold has risen to $3,360 per ounce, up 0.29% on the day. (Jin10)
- 05:07Swarms community Discord account compromised, over 300 members removedAccording to ChainCatcher, the AI agent protocol swarms disclosed on the X platform that the swarms community Discord account was compromised. Earlier today, a team member’s Discord account was breached after receiving a malicious private message from a user. As a result, the attacker deleted multiple channels and removed over 300 community members. The team is actively working to restore the community and is implementing additional security measures to prevent similar incidents in the future.