SafeMoon CEO Convicted of Fraud, Faces up to 45 Years in Prison for Misleading Investors

Bitcoin reached a new record high above $111,000 due to institutional inflows and macroeconomic factors, with U.S.-listed spot Bitcoin ETFs attracting over $2.8 billion in net inflows this month. Analysts suggest that altcoin strength may follow once Bitcoin dominance reaches around 70%.

Bitcoin surged to a new all-time high of $109,565, rebounding from a low of $75,000 in April. Experts predict further increases, with some foreseeing a $200,000 top and others projecting even higher values, such as $500,000 to $1 million.

A $1 billion Bitcoin bet on Hyperliquid saw a $32 million drawdown, with the user's account fluctuating between profit and loss. The leveraged position had an average entry price of $108,000, with a liquidation price at $103,800.

Jeremy Jordan-Jones, the alleged founder of Amalgam, faces charges of fraud for deceiving investors with false claims of partnerships and a non-existent crypto token. Prosecutors claim he misused over $1 million to support a lavish lifestyle.

Over $996.6 million was invested in American Bitcoin ETFs on Monday and Tuesday, with total net inflows exceeding $42 billion. The surge in ETFs reflects growing investor interest in digital assets, driving Bitcoin's price to a record high of $109,565 before a slight retreat.

Solana Mobile will release the Seeker phone on August 4, featuring the SKR ecosystem token. The decentralized Solana Mobile ecosystem aims to provide a secure Web3 experience for users and attract more manufacturers through its architecture.

Millions of dollars are being wagered on Bitcoin's future price, with predictions ranging from hitting $110,000 by the end of May to surpassing $200,000. Various platforms like Polymarket and Kalshi are hosting these bets, indicating different probabilities for Bitcoin's price milestones.

VOYA Games, a crypto gaming startup, secured $5 million in funding to develop Craft World, a pixelated game set in a post-apocalyptic world where humans coexist with dinosaurs. The game features NFT items and a shared player economy.

World Network's WLD token raised $135 million in a private sale to a16z and Bain Capital Crypto for network expansion. The token surged 14% on the news, with a market cap of $1.87 billion and a 55% increase in the last month.