Tag: CRYPTOS FoxBusiness

  • Woman caught trying to cross border with 116 reptiles stashed in her jacket

    Woman caught trying to cross border with 116 reptiles stashed in her jacket

    One of the lizards recovered from the woman’s clothing (Picture: Russian Federal Customs Service/Cover Images)

    Customs officers were in for a shock when they searched a woman trying to cross the Russian border — and discovered 116 lizards hidden in her jacket.

    The passenger was on a bus that was stopped at the Mamonovo-2 border checkpoint in Russia’s Kaliningrad region, on the border with Poland, on August 25.

    Inspectors searching her clothing found dozens of small canvas bags concealed inside the lining of her jacket.

    Yes, these lizards were stuffed inside one woman’s jacket (Picture: Russian Federal Customs Service/Cover Images)

    Each pouch contained between three and five live reptiles measuring around 10 to 15cm long.

    In total, officials counted 116 lizards.

    The woman was unable to produce any documents allowing her to transport the animals.

    According to Russian customs officials, she told inspectors she had agreed to take the reptiles to Germany in return for money.

    The lizards were all between 10 and 15cm long (Picture: Russian Federal Customs Service/Cover Images)

    Experts later identified the animals as secret toadhead agamas.

    Populations of the unusual desert-dwelling reptile are protected under Russia’s Red Data Book.

    The distinctive lizards are found in sandy and desert habitats across parts of Russia and Central Asia.

    They are particularly known for their dramatic defensive display when threatened, flattening their bodies and opening their mouths to expose conspicuous folds of skin at the sides.

    The reptiles have been handed over to an animal rescue centre (Picture: Russian Federal Customs Service/Cover Images)

    All 116 reptiles survived the journey as far as the border and were handed over to a local exotic animal rescue centre, according to customs officials.

    The woman is now facing administrative proceedings for allegedly concealing goods from customs control.

    Under the relevant Russian law, she could be fined up to three times the value of the seized ‘goods’, with confiscation also possible.

    Pictures released by customs officials show scores of the small reptiles after they were removed from their unusual hiding place.

  • OpenSea Integrates With Perplexity Computer

    OpenSea Integrates With Perplexity Computer

    OpenSea, a major digital asset marketplace, has integrated its onchain market data with Perplexity Computer, an AI agent platform from Perplexity. Through the new connector, Perplexity Computer can access data on tokens, collectibles and NFTs across more than 25 blockchain networks. The integration allows users to ask questions about crypto market activity and receive answers based on current data from OpenSea.

    Users can ask which tokens are trading most actively, which assets are gaining momentum or what is attracting collectors. Perplexity can use live data from OpenSea and cite it in its answers, providing information based on actual trading activity rather than only price data.

    The companies said the integration is designed to provide more up-to-date information about onchain markets, where activity can change quickly. Perplexity Computer can use OpenSea data as part of its multi-step tasks and answer questions using current market signals.

    Image: Magnific

  • Circle’s USDC takes over Chelsea’s jersey in Premier League first sponsorship deal

    Circle’s USDC takes over Chelsea’s jersey in Premier League first sponsorship deal

    Circle Internet CRCL$93.45·At close, the issuer of the world’s second-largest stablecoin $USDC, is the new main shirt sponsor of Premier League soccer club Chelsea FC.

    Financial terms for the deal have not been disclosed, though reports earlier this year suggested Chelsea was targeting 65 million pounds per year ($88.3 million) for the front-of-shirt sponsorship slot, which has been vacant for three years. Circle declined to provide any further comment when contacted by CoinDesk.

    Chelsea will debut its new $USDC-branded kit in its first home game of the Premier League season on Sunday against Brighton and Hove Albion.

    The deal represents the first time a cryptocurrency financial services firm’s branding will appear as the principal shirt sponsor of a Premier League club. Crypto exchanges like OKX and Kraken have previously led this space, becoming the sleeve sponsors of Manchester City and Tottenham Hotspur respectively in recent years.

    Kraken did not disclose the terms of their deal either, but OKX’s was reported to cost the exchange $70 million per year in 2023.

    The U.K.’s Financial Conduct Authority (FCA) warned Premier League clubs about partnerships with unauthorized crypto firms in June, advising that such partnerships could breach financial promotion rules.

  • Bitcoin and Markets Focused on the Jackson Hole Meeting: As Kevin Warsh Prepares for His First Speech, Hawkish Statements Emerge from Three FED Members!…

    Bitcoin and Markets Focused on the Jackson Hole Meeting: As Kevin Warsh Prepares for His First Speech, Hawkish Statements Emerge from Three FED Members!…

    Global markets are focused on Federal Reserve Chairman Kevin Warsh’s speech today in Jackson Hole. While FED officials have given conflicting messages regarding the trajectory of inflation and interest rates, investors are eagerly awaiting Warsh’s message on the direction of monetary policy and inflation.

    This is because Federal Reserve officials have differing assessments of the future of inflation in the US. Some officials argue that higher interest rates are needed to control price pressures, while others see no urgency for tightening monetary policy. This divergence increases uncertainty regarding the Fed’s future interest rate policy.

    When Will He Speak?

    Warsh is expected to speak at 5:00 PM Turkish time at the traditional annual Jackson Hole Economic Policy Symposium in Wyoming.

    This speech is also significant because it will be Warsh’s first Jackson Hole meeting as FED Chairman.

    If Warsh were to say things like, “Inflation is still the biggest risk,” “The current interest rate isn’t restrictive enough,” or “We need to see more progress on inflation before cutting interest rates,” that would be a hawkish tone. In this case, we can expect the dollar to strengthen, US bond yields to rise, and Bitcoin and gold to come under pressure.

    Conversely, if Warsh were to say something like, “The inflation trend is downward, the current interest rate level is sufficiently restrictive, or we need to see the lagged effects of the policy,” that would be a dovish message.

    In this scenario, expectations of a September rate cut could strengthen again, the dollar and bond yields could fall, and Bitcoin and gold could rise.

    Federal Reserve officials, meeting in Jackson Hole, Wyoming for the Kansas City Fed’s closely watched annual economic symposium, shared their ongoing concerns about the U.S. inflation landscape.

    According to Reuters, Chicago Fed President Austan Goolsbee said in an interview in Jackson Hole that his biggest fear in the short term is that inflation will not be brought under control.

    Austan Goolsbee, one of the Fed’s most prominent dovish figures, said that inflation is the biggest variable for the US economy.

    Goolsbee’s core approach can be summarized as: “Wait for the data, be convinced about inflation.”

    “Inflation is still well above the Fed’s 2% target.
    Rising energy prices and tariffs could create new inflationary pressures.
    Nevertheless, the inflation trend over the last 3 months is not alarming.
    Interest rate cuts would only be possible if convincing data shows that inflation is actually moving towards 2%.”

    According to experts, Goolsbee’s message to the market can be summarized as “The door to a discount is not closed, but there isn’t enough confidence for a discount right now,” which is seen as a hawkish tone compared to previous dovish expectations.

    Jeffrey Schmid, president of the Kansas City Federal Reserve, who was among the speakers in Jackson Hole, said that inflation is still stubborn and persistent and that ways to bring it back down to the 2% level must continue to be found.

    Speaking to CNBC, Schmid stated that the current policy interest rate, which the Fed left in the 3.50%-3.75% range in July, does not appear restrictive, saying, “I don’t know what we are restricting with the interest rate policy we are currently implementing.”

    Schmid, who has recently stated that he favors raising interest rates to bring inflation down to the Fed’s 2% target, believes that monetary policy is not working to counter current price pressures.

    Cleveland Fed President Beth Hammack, considered one of the leading hawks at the Fed, was also among the speakers. Speaking to CNBC, Hammack made her position clearer. She stated that inflation has remained above the Fed’s target for more than five years and that monetary policy has not curbed the economy. Hammack, one of three officials at last month’s FOMC meeting who preferred a rate hike to a rate cut, said, “Now is the time to act.”

    *This is not investment advice.

  • Bitcoin is outperforming stocks and correlating with gold just when it matters most

    Bitcoin $BTC$79,627.45 is outperforming gold, the Nasdaq 100 index, the S&P 500 and other major asset classes just when it matters most.

    The cryptocurrency’s price has surged 26% this month, according to CoinDesk data, and was recently around $79,200. Gold, meanwhile, has gained 13.8%, with the Nasdaq 100 and S&P 500 indexes adding 4.8% and 3.2%, respectively. Both hard assets lagged early this year but are now climbing faster than stocks, which are already at record highs after a strong run so far in 2026.

    More importantly, TradingView data shows $BTC’s 30-day correlation with gold has climbed to +0.81, indicating a strong tendency for the two to move in tandem. In contrast, its relationship with the Dollar Index has deepened to -0.86, a sign it’s moved in the opposite direction to the greenback. At the same time, $BTC’s link with the Nasdaq has weakened.

    The price outperformance, coupled with the positive correlation with gold and negative correlation with the DXY, underscores bitcoin’s appeal as a store of value and a hedge against fiscal and monetary imprudence.

  • Coinbase Announces Delay in Altcoin Listing Scheduled for This Week! Here’s the Altcoin

    Coinbase Announces Delay in Altcoin Listing Scheduled for This Week! Here’s the Altcoin

    Coinbase, one of the largest cryptocurrency exchanges in the US, announced that it has postponed the planned listing date for Dolphin (POD) spot trading pairs this week. Following the postponement, the exchange stated that the POD token remains on its listing roadmap and that further developments regarding when trading will begin will be shared.

    Coinbase announced that spot trading pairs for Dolphin were planned to launch this week, but the listing has been postponed to a later date. The exchange did not share a specific date for the start of the new trading.

    The assets included in Coinbase’s listing roadmap encompass cryptocurrencies that have passed the exchange’s review process and are planned to be traded on the platform in the future. The presence of a token on this list does not necessarily mean trading will begin; it indicates that Coinbase’s evaluation of the asset is ongoing.

    The postponement of planned spot trading pairs for Dolphin (POD) has led investors to await the token’s launch on Coinbase. Listings on major centralized exchanges are generally considered a significant development in the crypto market, as they allow new assets to reach a wider investor base.

    Coinbase emphasized in its statement that POD is still on its listing roadmap, and that updates regarding the launch will be shared later. This clarifies that the delay does not mean the token has been completely removed from the listing process.

    Before listing new tokens on cryptocurrency exchanges, various factors such as technical preparations, liquidity conditions, market structure, and regional regulations are evaluated. Therefore, changes to the planned trading start dates are possible.

    Coinbase has not shared any details regarding why it delayed the POD listing. Investors are expected to follow official announcements from the exchange regarding the new trading date.

    It is stated that if POD were to start spot trading on Coinbase in the future, the token’s liquidity and accessibility could increase, but how the listing would affect price performance would depend on market conditions.

    *This is not investment advice.

  • Solana’s faster supply cuts lead vote while $800,000 daily burn plan trails

    Solana’s faster supply cuts lead vote while $800,000 daily burn plan trails

    Each proposal needs one-third of network stake to participate and two-thirds of participating stake to vote in favor. Abstentions count toward participation, meaning they help meet quorum but do not help a proposal reach the two-thirds approval threshold. All three votes have cleared quorum as of Friday, data from the governance page show.

    (Solana Validator Governance)

    What the proposals are

    The so-termed constitution is passing easily. Solana Governance Proposal (SGP)-0001 sets the rules for how major network decisions are put to a vote, including who can participate, how votes are weighted and what support is needed to pass. It has 95.35% support with just 0.22% opposed.

    SGP-0002 is over the line, though not by much. It would make Solana reduce the rate at which new $SOL is created by 30% each year instead of 15%. The proposal has 68.77% support with 47.72% participation.

    That would bring the rate of new token creation down to its minimum of 1.5% a year around 2029 instead of 2032, resulting in roughly 18.9 million fewer $SOL being created over six years.

    Read more: New Solana vote could ramp daily $SOL burns to $800,000 and slow new token creation

    SGP-0003, which would change transaction fees and destroy far more $SOL, has 62.72% support, with 16.52% opposed and 20.75% abstaining. Participation stands at 42.51%, leaving it below the two-thirds support needed to pass.

  • Here’s why Warsh’s Jackson Hole speech is a major event for bitcoin and gold

    As such, markets took it as a sign of an official bid to cap long-term borrowing costs – one that may eventually see the Fed step in and buy as many bonds as required to hold yields down, a form of yield-curve control.

    Hard assets that benefit from financial repression and a deluge of fiat liquidity quickly rallied. Bitcoin and gold surged, with bitcoin rising from $64,000 to $80,000 in a week. Treasury’s program is not QE, meaning it does not add fresh liquidity to markets, and the size is small compared with the $40 trillion federal debt. So unless the Fed joins in, buying bonds itself and injecting liquidity, a sustained decline in yields looks unlikely.

    “The market senses a slippery slope towards fiscal dominance and a possible loss in Fed independence. The assumption here is that for the Treasury to be successful in keeping yields down, it will need to significantly increase the size of the buybacks. That might require the Fed to become complicit in this operation twist, which takes us down the debasement path,” Jurrien Timmer, Fidelity’s director of global macro, said.

    That assumption is what Warsh’s speech will test.

    If Friday’s speech undercuts that assumption, the bullish momentum in bitcoin and gold could weaken. Language that casts the buybacks as routine liquidity work, stresses monetary policy independence, and rules out Fed participation would could push Treasury yields and the dollar higher and bitcoin and gold lower.

  • THORChain’s privacy upgrade sends RUNE up 26% – Can bulls flip $0.65?

    THORChain’s privacy upgrade sends RUNE up 26% – Can bulls flip $0.65?

    THORChain [$RUNE] surged by more than 26% in the past 24 hours, ranking first among all gainers in the top 200 cryptos by market cap.

    The hype around a network upgrade alongside a broader, stronger crypto market drove the token’s price. As a result, $RUNE’s daily trading volume matched the uptick in price, recording a 3x increase, but remained fairly low, in excess of $20 million.

    Here is how the THORChain v3.20 upgrade fueled the sudden surge:

    THORChain v3.20 upgrade goes live as short liquidations spike

    The network announced that the THORChain v3.20 upgrade went live on the 26th of August. This upgrade allows swapping Monero [XMR] and Zcash [ZEC] for Bitcoin [$BTC], Ethereum [$ETH], and stablecoins.

    The upgrade has expanded THORChain’s addressable market as it brings privacy users to a direct connection to crypto. The upgrade comes three months after an attacker exploited THORChain for over $10 million across $BTC, $ETH, and BSC.

    That could increase the chain’s swap volume, with Ethereum and Bitcoin consistently dominating as per data from DefiLlama. The chain averaged $7 million in daily $BTC swaps and $10 million in daily $ETH swaps.

    Source: DeFiLlama

    Thus, it is safe to say the rally was driven by a surge in sentiment following the upgrade and increased user base.

    The surge in daily buying volume triggered liquidation of perpetual short orders. As per CoinGlass data, $RUNE short positions worth 10x those of longs were wiped out.

    Source: CoinGlass

    With a stronger crypto market and altcoins gaining ground, $RUNE could truly shift its market structure. Let’s find…

    Can $RUNE bulls flip $0.65 into support?

    The 200-day EMA shows that $RUNE price action has turned bullish on a long-term daily scale. The altcoin was still bearish looking at the horizontal structural levels.

    $RUNE was still trading below the $0.65 zone, which was the last lower high of the bearish trend. The market structure has shifted from the EMA perspective, but it is yet to confirm by flipping the $0.65 resistance into support.

    Bulls tested the $0.65 supply zone but met instant rejection. It is still unclear if they got the zeal to breach the resistance.

    Source: $RUNE/USDT on TradingView

    However, the CVD showed bulls were positioning with 1.78 million $RUNE bought on Binance as of the time of press. Moreover, the Sentiment was at 80, indicating the crowd was convinced the altcoin rally may be sustainable.

    Still, it is worth noting that the rally may be short-lived since it is sentiment-driven. Otherwise, if the market structure is shifting, then $RUNE may be positioning for more gains.

    Final Summary

    • $RUNE rallies by more than 26% in 24 hours after the THORChain v3.20 upgrade, leading all of the top 200 cryptos by market cap.
    • $RUNE bulls tested the $0.65 resistance level, which, if flipped into support, would shift the market structure to bullish.
  • Bittensor jumps 10% as AI hype returns – Can TAO break $260?

    Bittensor jumps 10% as AI hype returns – Can TAO break $260?

    Bittensor [$TAO] gained more than 10% in the past 24 hours, at press time, extending $TAO’s weekly gains to more than 21%. Social Insights on CoinMarketCap showed that the mindshare of $TAO surged by 23%, with mentions and engagements surpassing 12.44K.

    Notably, a resurgence in the AI narrative and more liquidity exposure drove this shift in social sentiment.

    Is the AI narrative back as $TAO surges 10%?

    Typically, news surrounding tech stocks fuels the AI narrative, as it reflects overall market sentiment. As such, the Q2 earnings report indicated Nvidia [NVDA] had record revenue of $96.20 billion.

    This reading fueled tokenized NVDA to climb to around $221 with over $131 in daily volume. The strength spread across the AI sector, with Bittensor and Venice Token [VVV] benefiting.

    Additionally, Bittensor expanded its liquidity by more than $600K after the $TAO-USDC pool went live on Aerodrome [AERO]. This means the token is now exposed to Base Chain users. As a result, token trading volume has surged significantly in August, with the average surpassing $300 million in mid-month.

    Source: Token Terminal

    Moreover, there was an organic social growth. The ecosystem was expanding with 128 subnets as of press time.

    In general, the market cap of the AI sector was up slightly, with $TAO being the most standout. Still, this AI narrative resurgence is not convincing enough to trigger a full bull reversal.

    What do $TAO bulls need to trigger a full reversal?

    On the daily chart, $TAO is trading above a descending trendline that has been a resistance since late March. The altcoin has also flipped the 200-day EMA at $236.5, reinforcing the shifting market structure. $TAO’s multi-month trendline breakout was confirmed with a retest at the $225 level.

    At the time of writing, the Funding Rate was also leaning toward buyer dominance with a reading of 0.0055%. Additionally, the Relative Volatility Index (RVI) was at 72.77, indicating volatility was rising with the prices.

    Source: $TAO/USDT on TradingView

    Despite the bullishness in $TAO, an analyst warned that a full reversal hinged on a level in the 3-day chart, noting,

    If $TAO breaches over the $260 range will be absolutely ready to trigger the full bullish reversal.

    If that becomes the case, $TAO may break subsequent levels at $290, $350, or even above $450, as levels above $450 were last visited in November.

    Otherwise, if a rejection happens at $260, $TAO may retest the broken trendline or even trade back into the consolidation pattern.


    Final Summary

    • Bittensor rallied by 10% amid record Q2 earnings for Nvidia, triggering an uptick in the broader AI sector.
    • $TAO cleared a multi-month trendline resistance and confirmed the breakout with a retest.