Cryptocurrency analytics company Santiment has analyzed Shiba Inu ($SHIB), which has seen a significant increase in volatility recently. According to the company’s data, the price of $SHIB rose by 37 percent in two days, but quickly gave back some of its gains.
Santiment reported that social media interest in Shiba Inu also increased significantly during the rally. $SHIB’s social dominance reached 0.084%, its highest level since April 2nd. However, the company noted that investor interest peaked during a period when price movement began to weaken.
The chart shows the increase in $SHIB price.
On-chain data also indicated that large investors may have viewed the rise as a selling opportunity. 52 whale transactions occurred in $SHIB in a single day, the highest daily level recorded since March 31st.
Related NewsAttention: We’re Entering a Critical Week – Numerous Economic Developments and Altcoin Events Ahead – Here’s a Day-by-Day, Hour-by-Hour List
According to Santiment, the increase in whale transactions suggests that large investors may have reduced their $SHIB positions by realizing profits as the price rose. In contrast, individual investors are believed to have entered the market later.
The company stated that the surge in social media interest following the sharp rise indicates that small investors bought under the FOMO (Fear of Missing Out) effect as the price approached its peak. This may have provided whales with the necessary liquidity to reduce their positions.
A searchable database built from New York City’s public property records has sparked backlash.
Crypto executives say organizing public records into a searchable tool increases security risks.
Critics point to a rise in violent attacks targeting cryptocurrency holders.
A searchable database built from New York City’s public property assessment records is drawing backlash from prominent figures in the crypto industry, who argue that making the information easier to search effectively creates a directory of wealthy property owners and could expose them to physical danger.
The controversy centers on data published by the New York City Department of Finance, which annually releases assessed values used to calculate property taxes for every property in the city. The agency’s FY2027 assessment roll, supplemental market value data, and property tax guides are publicly available through the city’s Open Data portal.
Critics on X said the issue is not that the records are public, but that they have been aggregated and organized into a searchable database that makes identifying owners of expensive properties far easier.
Uniswap founder Hayden Adams called it “the worst mass doxxing I’ve ever seen,” saying the database listed nearly every unit in some luxury apartment buildings, including primary residences of people he knows. He argued the project cast too wide a net and called it “incredibly dangerous.”
“Not only were their units listed, but nearly every unit in the entire building was listed,” Adams wrote. “They clearly took an incredibly expansive view of ‘could be’ and just doxxed a huge percentage of all expensive apartments in New York City.”
Helius CEO Mert Mumtaz called the database “unsettling” and said it crossed a line by transforming scattered public records into a centralized resource that effectively singled out wealthy individuals.
“While this data was largely public prior to this in a messy way they have cleaned it, organized it, singled out ‘the rich,’ and mass distributed it only the 50th sign this year of privacy continuing to become scarcer,” he wrote.
Castle Island Ventures partner Nic Carter warned that an easily searchable database of affluent property owners could make potential victims easier to identify, pointing to recent crypto-related kidnappings and violent attacks in Europe.
“So this is a list of wealthy people and their addresses. As we’ve seen in France and Sweden this leads to crypto kidnappings, torturings and murders,” Carter wrote on X. “Yes real estate records are semi public but this is an easily searchable database and target list.”
The criticism comes as physical or “wrench” attacks targeting cryptocurrency holders continue to rise, with incidents including kidnappings, torture, home invasions, and sexual assaults.
In February, blockchain security firm CertiK reported 72 verified crypto “wrench attacks” worldwide in 2025, up 75% from the previous year and resulting in more than $40.9 million in losses.
In April, French authorities charged 88 suspects, including more than 10 minors, in a sweeping crackdown on violent crypto kidnappings. In May, U.S. prosecutors indicted three men accused of carrying out a series of armed home invasions across California that allegedly stole millions of dollars in cryptocurrency. In June, two Texas brothers pleaded guilty to kidnapping a Minnesota family and forcing the victims to transfer more than $8 million in crypto.
By July, CertiK said attackers had already carried out 52 verified crypto “wrench attacks” in the first half of 2026, with recorded financial exposure surging nearly twelvefold year over year to $124 million.
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Senate Republicans are seeking Democratic support for the Clarity Act as lawmakers consider starting a floor process before the August recess.
Clarity Act faces a 60-vote Senate test
Crypto industry groups hope Thune will begin the floor process by filing cloture on a motion to proceed, according to a Crypto in America report.
A cloture filing would typically set up a vote two Senate session days later. At least 60 senators would need to support the motion before the chamber could begin debating whether to take up the bill.
If the Senate invokes cloture, lawmakers could spend as many as 30 hours debating the motion before voting on whether to proceed to the legislation itself. That process would not guarantee the Clarity Act’s passage but would move the bill closer to a full floor debate.
Republicans hold 53 Senate seats, leaving them dependent on Democratic votes even if nearly every GOP senator supports the measure. Senator Mitch McConnell is also expected to remain absent, while Republican Senators Josh Hawley and Rand Paul have not confirmed their positions.
Both senators voted against the GENIUS Act in 2025, adding uncertainty to the Republican vote count.
Democratic concerns threaten the floor push
Seven Democratic senators said the updated Clarity Act text released last week “fell short” of their expectations. Their concerns include political ethics, consumer protection, illicit finance, market integrity and the regulation of decentralized finance.
Senator Thom Tillis has been leading bipartisan negotiations over stronger ethics rules. The North Carolina Republican has called for provisions that go beyond the proposal agreed to by the White House and other GOP lawmakers.
The White House-backed language would restrict senior elected officials from issuing or sponsoring certain digital assets. However, some Democrats have questioned whether relying on the Department of Justice to enforce the restrictions would provide sufficient oversight.
Senators Catherine Cortez Masto and Mark Warner have also tied their potential support to stronger safeguards against crypto-related financial crime.
Without an agreement, Republicans are unlikely to secure the 60 votes required to move forward. The narrow GOP margin also means that any Republican defections would increase the number of Democratic votes needed.
Police endorsement removes one DeFi obstacle
The National Fraternal Order of Police endorsed the revised Clarity Act on Friday after lawmakers addressed its concerns about the Blockchain Regulatory Certainty Act.
The BRCA provisions would protect certain non-custodial software developers from having to register as money transmitters. Law enforcement groups had previously warned that broad protections could make it harder to prosecute crimes involving digital assets.
The police union now believes the revised language preserves investigators’ authority while providing legal protection for developers who do not control customer assets. Its endorsement could help ease concerns among Democrats focused on illicit finance and enforcement.
However, the support does not resolve broader disagreements over when a DeFi service should qualify as decentralized and when people controlling a protocol should face financial regulations.
SEC Commissioner Hester Peirce separately warned that moving a financial product onchain does not automatically place it outside federal securities law. She said actively managed crypto vaults could resemble investment funds when third parties decide how users’ assets are allocated.
“When you have a third party involved in deciding how different assets are being allocated and invested, that’s really a situation where you have to start asking: Do the securities laws apply?”
August recess leaves little time for a deal
Senators are scheduled to leave Washington on August 7, giving negotiators a limited window to settle the remaining disputes and start the floor process.
Thune said last week that he did not expect the Clarity Act to pass before the break. However, Senate leaders have reportedly discussed keeping lawmakers in Washington during the first few days of the recess if enough votes can be secured.
The bill would establish a federal market structure for digital assets and clarify the roles of the Securities and Exchange Commission and Commodity Futures Trading Commission. Failure to reach a bipartisan agreement before the recess could push further action into a more difficult election-year calendar.
US Crypto Regulations — Read the full US Regulation Hub for the latest on SEC enforcement, IRS crypto tax rules, and pending legislation.
Coinbase CEO Brian Armstrong stated that the rapid development of artificial intelligence technologies will not diminish the importance of the cryptocurrency sector; on the contrary, digital assets will play a much more critical role in the new era.
Speaking on the social media platform X, Armstrong emphasized that artificial intelligence and cryptocurrencies are not competing technologies, but rather complementary infrastructures.
Armstrong stated that artificial intelligence has become one of the most important technological trends of our time, yet the value proposition of cryptocurrencies continues to strengthen. According to the Coinbase CEO, cryptocurrency technology is a kind of general-purpose infrastructure, like electricity or the internet, and will be one of the fundamental tools for AI systems to conduct financial transactions in the future.
Armstrong argued that the need for digital assets will increase, especially with the proliferation of autonomous AI agents, and stated that current financial systems are not fully adaptable to this new technology.
Armstrong stated that AI agents cannot open bank accounts or wait for international money transfers to be completed, therefore cryptocurrencies offer a significant advantage as a real-time and programmable payment system.
According to the Coinbase CEO, in the future, AI agents will not only make payments; they will also be able to independently perform numerous economic activities such as fund management, investment transactions, trading, financial advisory, and capital raising. In this scenario, blockchain technology and cryptocurrencies will form the fundamental infrastructure enabling AI systems to conduct secure and seamless financial transactions.
Recently, many technology companies have been working on scenarios where artificial intelligence and blockchain technology can be used together. In particular, the integration of decentralized finance (DeFi), smart contracts, and tokenization applications with AI-based systems is seen as one of the most important development areas in the sector.
Quantum computing is a risk factor for every encrypted system on the planet, including major banks. But crypto, due to the way it works, may be the technology that gets tested first.
“Cryptocurrencies are the canary in the coal mine,” Eddy Zervigon, CEO of Quantum Xchange, said in an interview with CoinDesk. Zervigon’s firm builds infrastructure to shield networks, including financial ones, from quantum-enabled attacks, and he’s blunt about where the first casualty is likely to show up.
“That’s the first place of attack because of the decentralized nature,” Zervigon said. “Once you see it happening there, then you know that someone somewhere has a cryptographically relevant quantum computer.”
A cryptographically relevant quantum computer, capable of breaking the elliptic-curve cryptography underpinning the Bitcoin blockchain’s signatures, along with the encryption securing bank rails, doesn’t exist yet. The consensus estimate for when it will is compressing, not stretching.
“The folks spending billions of dollars, like Microsoft, IBM, and others developing quantum computers, generally believe there will be a commercially relevant, cryptographically relevant quantum computer in the 2029 timeframe,” Zervigon said. “That’s not me making stuff up. That’s based on what people like Arvind Krishna at IBM have said.”
South Korea’s leading cryptocurrency exchanges, Upbit and Bithumb, have announced they will list the $GEOD token on their platforms. According to official statements, Upbit will offer $GEOD with trading pairs against the South Korean won (KRW), Bitcoin ($BTC), and Tether ($USDT). Bithumb, on the other hand, will initially list the token only with the KRW trading pair.
According to the announcements, $GEOD trading on Bithumb is scheduled to begin at 18:00. Upbit will also open trading for the token in three different trading pairs on the same day, offering investors a wider range of trading options. Following the listing decision, the visibility and liquidity of the $GEOD token in the South Korean market are expected to increase.
Upbit and Bithumb are among South Korea’s largest cryptocurrency exchanges by trading volume. Therefore, the simultaneous listings on both platforms are considered a significant development for the respective tokens. In particular, Upbit’s offering of three different trading pairs – KRW, $BTC, and $USDT – is seen as a step that could facilitate access to $GEOD for both local and international investors.
In the cryptocurrency market, new listings on major exchanges are among the developments that can increase projects’ trading volumes and expand their investor base. However, experts emphasize that while listing news can support price movements in the short term, long-term performance remains dependent on the project’s technological development, ecosystem size, user adoption, and overall market conditions.
Recently, South Korean exchanges have been regularly listing new digital assets, continuing to offer their users a wider range of investment options. Upbit and Bithumb are known to evaluate various factors in their listing processes, including the project’s technical infrastructure, security, liquidity, and compliance with regulatory criteria.
Analysts say that $GEOD’s simultaneous listing on two major South Korean exchanges could increase the token’s trading volume and contribute to its brand awareness in the Asian market.
This week, the crypto market stayed under pressure.
On the macro front, renewed geopolitical tensions kept investors cautious, pushing Bitcoin [BTC] ETF flows back into negative territory. To make matters worse, DeFi exploits further weighed on market sentiment.
Even so, a handful of AI and mid-cap altcoins outperformed, showing that capital is still rotating into selective narratives rather than the broader market.
Weekly winners
Why Audiera [$BEAT] needs FOMO to sustain its momentum
Audiera [$BEAT] led this week’s top gainers with a 50% rally. More importantly, the move came after two straight weeks of decline and a broader consolidation phase, suggesting this wasn’t just a random spike. Instead, bulls stepped in to buy the dip, shifting momentum back in their favor.
The technical setup also remains constructive. The RSI is rising but hasn’t reached the extreme overbought zone yet, meaning there’s still room for the rally to extend. With buyers back in control and momentum building, $BEAT has a good chance of carrying its gains into the coming week.
That said, the next hurdle is a big one. As the chart below shows, $BEAT has broken above the $3.60 resistance and is now approaching the $4.00 psychological level. This is where sell-side pressure could start picking up as short-term traders take profits.
Source: TradingView ($BEAT/$USDT)
If bulls can absorb that selling and turn $4.00 into support, the rally could extend further. But if they fail to hold the breakout, $BEAT could see a healthy pullback before attempting another move higher.
That makes FOMO the next key catalyst to watch.
Early signs are already showing up on the daily chart, with $BEAT gaining more than 5% intraday. If that momentum continues and buyers keep chasing the breakout, $BEAT could be on track to test the $4.50-$5.00 resistance zone over the coming sessions.
Shiba Inu [$SHIB] rallies as supply squeeze fuels momentum
Shiba Inu [$SHIB] emerged as the second-best performer of the week, gaining nearly 35%. It’s also $SHIB’s strongest weekly rally since November 2024, showing that buyers are starting to rotate back into the meme coin after months of muted price action.
What’s interesting is that $SHIB’s move looks different from the rest of the market. According to Shibburn, nearly 280 million $SHIB were burned this week, while whale accumulation also picked up. That suggests this isn’t just a momentum-driven rally. Instead, on-chain demand is backing the move, even as the broader market remains relatively quiet.
From a technical standpoint, $SHIB has broken out of its recent range and is now building momentum toward the next resistance zone around $0.000026-$0.000027. If buying pressure and whale accumulation continue at the current pace, that target looks well within reach, putting $SHIB back near its early May trading range and making it one of the key altcoins to watch heading into Q3.
Venice Token [$VVV] token faces a key test this week
Venice Token [$VVV] finished as the third-best performer of the week, gaining 9%. While that’s smaller than the other two top gainers, $VVV’s price action arguably looks the healthiest from a technical standpoint.
This week’s move extends two straight weeks of gains, taking $VVV’s total rally to nearly 30%. So, instead of a one-day spike, the token has been climbing steadily, showing consistent buying pressure. That’s usually a stronger setup because it suggests accumulation rather than short-term speculation.
The RSI is starting to heat up, but the gradual pace of the rally leaves room for the trend to continue. If buyers stay in control, $VVV looks well-positioned to push into the $15 resistance zone. Even if some profit-taking shows up along the way, it would likely be a healthy pullback to shake out weak hands rather than a sign that the uptrend is over.
Other notable winners
Outside the majors, altcoin movers also stole the spotlight this week.
Score [SN44] led the market with a staggering 3,988% gain, followed by Pons [PONS], which surged 179%, while Euler [EUL] climbed 135%, rounding out the week’s top performers.
Weekly losers
DeXe [$DEXE] faces a full-blown capitulation sell-off
DeXe [$DEXE] topped this week’s losers list after crashing nearly 90%. It looked like full-blown capitulation, wiping out months of gains and sending $DEXE back toward its early Q1 price range around $1.50. As a result, many holders who bought during the rally are now sitting at a loss.
The sell-off also wasn’t isolated, though. The crypto market was shaken by three DeFi hacks in a single day, triggering fresh FUD. Since $DEXE is a DeFi token, it was hit harder than most as traders rushed to cut risk.
That said, the selling pressure looks like it’s finally cooling off. Since the initial crash, $DEXE has been consolidating around the $3.50 level, while the RSI has dropped into deeply oversold territory. That doesn’t guarantee a reversal, but it does suggest the capitulation phase may be ending.
Source: TradingView ($DEXE/$USDT)
If buyers start stepping back in and $DEXE holds its current range, a short-term relief bounce could be the next move to watch.
Midnight [$NIGHT] reinforces bear control as sellers continue to dominate
Midnight [$NIGHT] ended the week as the second-biggest loser, falling 26.7%. While the decline looks relatively mild compared to DeXe’s capitulation, the technical picture still favors the bears.
This week’s drop comes after the last two weeks’ 25%+ decline, extending $NIGHT’s lower-high, lower-low structure and dragging the token below the $0.002 area. Although the daily chart posted a modest 1.5% bounce, it hasn’t been enough to change the trend. The RSI also remains well above the oversold zone, suggesting selling pressure hasn’t been fully exhausted yet.
Unless buyers step in with stronger volume, $NIGHT could be setting up for another break below support, just like it has over the past few weeks. For now, the chart still points to bears staying in control, with a stronger bullish setup likely to emerge only after accumulation starts picking up.
Zcash [$ZEC] reaches a key inflection point
Zcash [$ZEC] finished as the third-biggest loser of the week, slipping 10.16%. Unlike the other two names on the list, though, $ZEC’s pullback doesn’t look like a breakdown. Instead, it looks more like a healthy cooldown after a strong run.
Technically, $ZEC rallied nearly 40% across late June and early July, reclaiming the $500 level. After a move like that, some profit-taking was always likely. So far, that’s exactly what the chart is showing—a typical pullback where weak hands take profits while longer-term buyers wait for better entries.
If this setup holds, $ZEC could be positioning for another leg higher once market sentiment improves. The main thing to watch isn’t $ZEC itself, but the broader market. If the current wave of FUD starts fading, $ZEC’s pullback could end up looking like nothing more than a reset before the next move.
Other notable loses
In the broader market, downside volatility hit hard.
BitMart [BMX] led the losers with a 64.9% decline, followed by Starpower [STAR], which fell 38.5%, while Up [UP] dropped 36.6% as bearish momentum intensified.
Conclusion
This week was a rollercoaster for crypto. Big pumps, sharp dips, and nonstop action. As always, stay sharp, do your own research, and trade smart.
Final Summary
Audiera [$BEAT], Shiba Inu [$SHIB], and Venice token [$VVV] led the week in gains.
DeXe [$DEXE], Midnight [$NIGHT], and Zcash [$ZEC] saw significant declines.
Decentralized cloud storage provider Storj Labs has filed for Chapter 11 bankruptcy protection. The company said it plans to keep its network running while restructuring legacy liabilities and exploring an ownership pathway for STORJ tokenholders.
On Sunday, Storj said it filed the voluntary case in the US Bankruptcy Court for the Northern District of West Virginia. The company said ordinary operations and customer services would continue during the process, subject to court oversight, while its parent company, Inveniam, would continue to support the business.
The restructuring could become an unusual test of whether utility-token holders can participate in the ownership of a company emerging from bankruptcy.
In an open letter to its community, Storj said its liabilities largely predate its current strategy and are too substantial to resolve through business growth alone. It said the network continues to operate normally and its token’s utility is unchanged.
STORJ showed no significant immediate price reaction following the announcement, trading around $0.072 at the time of writing, according to CoinGecko.
Storj explores equity pathway for tokenholders
Storj said management intends to propose a mechanism allowing tokenholders to participate in the reorganized company’s equity.
However, Storj has not disclosed how tokenholder eligibility would be determined, whether participation would involve a token snapshot or lockup, or how much equity might be allocated. The company acknowledged that any plan must follow bankruptcy priorities and receive court approval.
Cointelegraph reached out to Storj for comment but did not receive a response before publication.
Storj is among the crypto industry’s longest-running decentralized infrastructure projects. Storj began in 2014 as an open-source peer-to-peer cloud storage project that sought to let users rent storage from other network participants rather than rely on centralized providers.
Storj’s bankruptcy filing comes in the same month as at least two other crypto companies sought Chapter 11 protection.
Movement Labs filed under Subchapter V on July 15 after months of turmoil linked to its MOVE token, while Bitcoin mining pool Poolin filed on July 22 as it pursued a court-supervised sale of two Texas mining sites.
BitMEX also announced in July that it would shut down after 11 years. Still, the derivatives exchange did not file for bankruptcy, instead opting for an orderly wind-down following a strategic review.
Speaking on The Peter Schiff Show Podcast, the economist and longtime Bitcoin critic said the AI trade cracked open this week even as broader indexes held up. Alphabet fell 10% after the company announced higher capital spending than investors expected. Oracle dropped nearly 8% on the week and is now down 41% for the year. Meta fell 7.3%, Amazon lost 6.8%, and Microsoft slipped 2.7%, pushing its year to date decline to 19.3%, close to bear market territory.
Schiff said the market’s reaction marks a shift from prior quarters, when hyperscalers announcing bigger artificial intelligence (AI) budgets typically saw their share prices climb. “Investors are now finally starting to question whether or not these investments are in fact going to pay off,” he said.
SpaceX and Tesla Take the Brunt
SpaceX shares dropped another 7.7% during the week and now trade 49% below the stock’s post IPO high. The company’s public float is set to expand from 5% to 40% of shares by the end of the year, a change Schiff explained could add further pressure on the stock.
Tesla fell 18% over the same stretch and sits 35% below its 52 week high. Together, the declines in Tesla and SpaceX cost Elon Musk close to $100 billion in a single week, according to Schiff’s estimates.
A Dot-Com Comparison
The gold proponent and economist compared the roughly three-quarters of a trillion dollars in annual AI capital spending to the buildout that preceded the dot-com crash. He said many of the early internet favorites that investors poured money into eventually went bankrupt without ever recovering their spending. He does not doubt the long term potential of AI, but argued markets are overestimating near term returns on hyperscaler investment.
Japan’s Bond Market Under Strain
Schiff pointed to Japan as a bigger and more immediate risk than the AI selloff. The yen fell to its lowest level against the dollar in 40 years. Japan’s 30-year government bond yield closed near 4%, a record for that maturity, while the 10-year JGB yield climbed to levels last seen in 1996.
Japan’s 30-year government bond yield via Tradingview.
Japan’s public debt exceeds 200% of gross domestic product, and the country’s benchmark policy rate remains at just 1%. Schiff said the Bank of Japan faces a choice between raising rates aggressively, which could trigger a domestic recession and a wave of repatriated capital, or staying passive and risking a currency collapse. Either path, Schiff stressed, has consequences for the United States.
Japan holds more than $1.1 trillion in U.S. Treasuries, the largest foreign holding of any nation. Schiff said a Japanese debt crisis could force large-scale selling of that position. “It may be the pin that pricks our bubble,” he said of Japan’s situation relative to the U.S. economy. Schiff added:
“The Japanese bubble popping ends up pricking the even bigger U.S. bubble.”
U.S. Treasury Yields Hit Multi-Decade Highs
The 30 year U.S. Treasury yield closed the week at 5.16%, the highest level since 2006, while national debt has surpassed $39.6 trillion. Schiff noted the government is carrying more than four times the debt it held in 2006, making today’s borrowing costs harder to absorb than the last time yields were this high.
Oil, Gold, and Inflation Pressure
Oil prices climbed above $100 a barrel and are up roughly 30% in July alone, driven by tensions tied to Iran. Schiff said the increase all but guarantees a hotter Consumer Price Index reading when July data is released in August.
Gold rose about 1% on the week despite the jump in bond yields and oil prices, a combination Schiff called notable given gold’s recent inverse relationship with oil since the Iran conflict began. Mining stocks outperformed the metal, with the GDX index up 5.6% and the GDXJ up 5.8%, a move Schiff read as a possible signal that a bottom is forming in the sector.
Labor Market and Trump’s Tariffs
Schiff also challenged the Trump administration’s framing of a recent drop in weekly jobless claims to 187,000, arguing the growth of gig work and weak hiring trends make the metric far less meaningful than in past decades. Separately, he criticized new tariffs imposed on roughly 60 countries under a provision of the Trade Act of 1974 aimed at goods linked to forced labor, calling the policy an unconstitutional tax that ultimately falls on American consumers rather than foreign governments.
