Crypto and Stock Market Highlights: Major Movements and Strategic Plays

Justin Sun has entered space on the Blue Origin mission. FTX is seeking time to respond as creditors oppose the freezing of foreign claims totaling $470 million. Polymarket aims to return to the U.S. by acquiring a crypto exchange for $112 million. Ethena announced plans to buy back $360 million USD worth of ENA tokens. There is a strategy to increase Bitcoin holdings with a recent purchase worth $739.8 million. Robinhood's CEO admits controversy over its cryptocurrency stock OpenAI but remains highly committed. Conflux (CFX) unveiled Conflux 3.0 and plans to launch a Tether-pegged stablecoin. The Tornado Cash trial has a pivotal moment as Roman Storm's lawyer considers dismissing the case. Schiff suggests it’s a good time to sell Ethereum (ETH). Upexi announced an additional purchase of 100,000 SOL. Several notable meme coins emerged in the fourth week of July. Retail investors finally gained profit from Coinbase IPO after four years. Solana’s price targets a 14% breakthrough as new retail traders enter. Crypto whale investors are buying specific assets following a successful U.S. crypto week. Lastly, three notable U.S. crypto stocks are highlighted this week.