AFRO CRYPTO

Kanye West just rolled out a memecoin of his own, YZY, on Solana 🧬. The catch: 87% of the supply is held in a single wallet, meaning the real profits are likely reserved for Kanye and his crew. AFRO CRYPTO

Hyperliquid now boasts the world’s highest revenue per employee, with a team of just 12. 🫡 Backed by venture capital AFRO CRYPTO

JUST IN: The TRONDAO community will adjust network fees in response to current conditions as the TRX price rises, to keep the market competitive. AFRO CRYPTO

📊 Crypto Market Update: 🪙 Bitcoin (BTC) — 113 447 (-0.38%) 🔽 🪙 Ethereum (ETH) — 4 263 (+0.78%) 🔼 🔸 BNB (BNB) — $851 41 (+2.16%) 🔼 🪙 Solana (SOL) — $184.42 (+1.40%) 🔼 💎 Toncoin (TON) — $3.23 (-1.26%) 🔽 😱🤑 Fear & Greed — 50 (Neutral) The CMC Altcoin Season Index sits at 41/100, signaling Bitcoin season is in play. In short, BTC is outperforming altcoins in growth and investor interest. AFRO CRYPTO

🪐 Wormhole Enters Bidding Battle with LayerZero for Stargate Wormhole Foundation plans to submit a significantly higher bid for Stargate ($STG), arguing the project is undervalued. ➡️ LayerZero has already offered $110M worth of $ZRO tokens ➡️ Wormhole says it will top that offer ➡️ The foundation requested a 5-day pause in Snapshot voting to finalize its bid A bidding war could determine Stargate’s future and reshape the cross-chain landscape. 🫡 Powered by Venture Capital AFRO CRYPTO

🪙 Latest Bitcoin Price Forecasts ⏺ Canary Capital: BTC has a better-than-even chance of reaching $140K–$150K this year, followed by a bear market. ETH, on the other hand, isn’t expected to reach a new all-time high. ⏺ Galaxy Digital: BTC could surge to $1M next year — but that would reflect deeper trouble in the U.S. economy rather than a true victory for crypto. ⏺ VanEck: Sees BTC reaching about $180K by year-end. AFRO CRYPTO

📣 Plasma ($XPL) partners with Binance $USDT on Binance Earn will be automatically deposited into Plasma, generating yield. Binance will also allocate 1% of the total Plasma supply to early participants. ➡️ The campaign starts Aug 20 with per-user caps and a 1% XPL pool (100M). ➡️ Runs until TGE or until the deposit cap is reached. And by the way — the pre-market is already trading at 6x the ICO price. 🫡 Powered by Venture Capital AFRO CRYPTO

Hyperliquid Tops the List as the Most Profitable Company per Employee Tether used to lead, but the crown now goes to Hyperliquid Exchange. 🥇 With only 12 employees, the company nets $102.4M in revenue per employee. AFRO CRYPTO

In crypto, most chase the hype of the next flip. A new coin, a quick pump, and then on to the next. Thrilling, but it burns out fast. The real money comes from patience — holding what you’ve researched, riding out the boredom and the noise, waiting for the market to catch up. Wealth isn’t built on fireworks. It’s built by those who’re willing to wait. 🫡 Powered by Venture Capital AFRO CRYPTO

JUST IN: Kanye West announced a meme coin called 'YZY' on the Solana blockchain, hitting a $3 billion market cap. The top six holders control 90.38% of the tokens. The project also includes a crypto payment processor and a debit card. AFRO CRYPTO

🇨🇳 China is weighing whether to allow yuan-backed stablecoins. Officials are examining the possibility of pegging stablecoins directly to the Chinese yuan. AFRO CRYPTO

🟠🔽 Bitcoin sits near $113,500, and Bukele’s indicator is doing its thing. For the first time since January, short-term BTC holders are selling at a loss. That signals a breakdown in momentum: weak hands are unloading, leverage is getting flushed, and coins are flowing to stronger holders’ wallets. If SOPR stays below 1 for weeks, that’s a bearish signal. But a brief dip with solid spot demand often marks a local bottom—the kind you can buy after a retest 🔍 AFRO CRYPTO

⚠ Hackers Steal Crypto With Fake CAPTCHAs A new scam uses counterfeit “I’m not a robot” checks to spread the Lumma Stealer malware. ⏺ Victims are shown a fake CAPTCHA and prompted to paste a command into PowerShell — which launches the malware without leaving any files on disk. ⏺ Lumma drains everything: crypto wallets, cookies, 2FA codes, and even data from password managers. ⏺ Stolen assets are laundered in under three minutes, making recovery nearly impossible. 🚫 Never run commands from CAPTCHA pages. AFRO CRYPTO

JUST IN: A federal judge has ruled against unsealing the grand jury transcripts tied to Jeffrey Epstein. - Judge Richard Berman issued the decision. - It follows a request from the Department of Justice. - The transcripts in question come from Manhattan. The ruling could shape public expectations of transparency and may impact ongoing investigations related to the Epstein case. AFRO CRYPTO

💎 TON Foundation CEO Urges Durov to Move Telegram Gifts Fully On-Chain Max Kraun, the TON Foundation's CEO, called on Pavel Durov to transfer Telegram gifts entirely to the blockchain and establish TON as the default payment option. His message was simple: can you bring all gifts on-chain and make TON the standard way to pay? AFRO CRYPTO

💸 $768k gone in a minute on a meme token An anonymous trader rushed into a shady meme token and got rug-pulled almost instantly. Still, thanks to its 14 zeros (+14,000%), the exit liquidity was there for those who dumped on him. AFRO CRYPTO

🧬 Heaven's newly launched token platform on Solana has surged past Ethereum in daily revenue. 📌 There’s a catch: CoinMarketCap has flagged malicious code within the Heaven protocol and published a warning on its site. AFRO CRYPTO

🟠 Scaramucci highlights a key driver behind Bitcoin’s potential rise to $180K SkyBridge Capital founder Anthony Scaramucci says Bitcoin could reach $180K–$200K by year-end, calling that range a conservative forecast. Speaking with CNBC at a U.S. blockchain conference, he pointed to supply-and-demand dynamics as the primary force behind the move. He notes that only about 450 BTC are mined each day, even as institutional demand is growing rapidly. “Three years ago, conferences like this were mostly retail investors and early blockchain executives. Today, we’re seeing a lot more institutional players,” he said. Scaramucci had previously forecast Bitcoin would hit $100K by the end of 2024 — a target the cryptocurrency surpassed in December, trading above $108K. AFRO CRYPTO

🪙 Fun fact: Back in 2016, when this article was published, BTC was trading at about $379. AFRO CRYPTO

🪙 Saylor just launched a new Strategy₿ Bitcoin tracker. AFRO CRYPTO