Elon Musk officially announced the formation of the America Party, a new political movement aimed at challenging what he called a “one-party system” driven by fiscal waste and corruption.
The move follows his outspoken criticism of Trump’s recently signed $3.3 trillion Big Beautiful Bill, which Musk has called “insane” and “destructive.”
The announcement sent shockwaves across both political and crypto circles.
By a factor of 2 to 1, you want a new political party and you shall have it!
When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy.
Within hours, a meme coin named America Coin (AP)—created on Pump.Fun soared 120%, reaching a market cap of over $18 million. Trading volumes spiked as speculators rushed in, betting on Musk’s influence and virality.
While Musk has not directly endorsed the coin, traders interpreted the timing as symbolic, mirroring Dogecoin’s surge during his 2021 social media blitz. Some are already dubbing it “the Dogecoin of US politics.”
The meme coin’s rapid rise reflects growing interest in politically charged meme assets, which blend real-world narratives with speculative trading.
As Musk enters the political arena under his own banner, meme coin enthusiasts are seemingly prepared to leverage the hype.
Users are cautioned to watch out for pump-and-dump schemes surrounding this viral political saga.
Crypto lender Nexo, which manages $11 billion in assets, announces return to the US after regulatory exit in late 2022
Nexo’s return to the American market has become possible thanks to the changes in crypto industry regulations under the Donald Trump administration.
Nexo Is Coming Back to the US – Why It Matters
Nexo co-founder Antoni Trenchev announced the return during an exclusive business event attended by Donald Trump Jr., a vocal supporter of the crypto industry. The gathering underscored the growing political support for digital assets in the US.
“America is back — and so is Nexo. Thanks to the vision and leadership of President Donald J. Trump, his administration, and his family, the United States is once again a place where innovation is championed, not stifled. A place where pioneers are celebrated. Nexo is returning to America — stronger, smarter, and determined to win,” Trenchev said.
Donald Trump Jr. reinforced this sentiment, stating:
“Crypto is the future of finance. We must bring this innovation back to American soil to maintain our economic leadership.”
US users will regain access to all Nexo services, including:
High-yield crypto savings accounts
Asset-backed credit lines
Advanced trading
Institutional-grade liquidity solutions
Over the past week, the network’s native token, NEXO, surged by more than 12%, and the positive sentiment continued today following the news. Its market cap stands at $1.2 billion.
It exited the US in 2022 due to regulatory pressure. The SEC and several states (New York, Kentucky, and Vermont) accused Nexo of offering unregistered securities through its Earn Interest products. The crypto lender later agreed to pay a $45 million fine and discontinued services for US customers.
Now, with a more favorable regulatory climate, Nexo’s return marks a pivotal shift. The platform now aims to reinforce its mission of empowering users to grow and preserve crypto wealth with secure, tailored solutions.
Nexo CEO Antoni Trenchev with Donald Trump Jr. Source: BeInCrypto
Under Trump’s leadership, US regulators appear more open to crypto innovation, potentially paving the way for other exiled platforms to return. Recently, crypto market maker DWF Labs also announced its entry into the US market.
One of the largest and riskiest short positions on Ethereum (ETH) in recent memory is teetering on the edge of disaster.
The case highlights the risks of high-leverage bets, mirroring experiences known to traders like Andrew Tate and James Wynn.
Whale’s Bet Against Ethereum Digs Deeper: From $10.7 Million to $26 Million in Red
Lookonchain has been tracking whale address 0x8c58 for a while now. According to the blockchain analytics account, the large holder faces an unrealized loss exceeding $26 million on a massive 20× leveraged short against ETH.
According to Lookonchain’s latest update, the whale will be liquidated when ETH hits $5,002.3 unless more margin is added to his position on decentralized derivatives exchange Hyperliquid.
Whale 0x8c58, who shorted $ETH at 20x leverage, has lost over $26M!
As of this writing, Ethereum was trading for $4,636, up by over 8% in the last 24 hours. This means whale address 0x8c58 is just over 7% away from liquidation.
The saga began on July 12, when 0x8c58 entered the short at roughly $2,969 per ETH. By July 18, barely a week afterwards, ETH’s price surge had left the position down over $10.7 million.
This compelled the whale to inject $3.58 million USDC to push the liquidation price to $4,006.2.
The losses mounted through August. On August 10, Lookonchain reported another $8.6 million USDC deposit, extending the liquidation level to $4,885.3.
However, Ethereum’s relentless climb has erased that cushion. As of today, the whale’s red ink stands at $26 million.
Allure of Textbook Leverage Traps
High-leverage trades on platforms like Hyperliquid have been making headlines for months. In a recent BeInCrypto report, other high-profile traders, including controversial influencer Andrew Tate and infamous whale James Wynn, have suffered spectacular losses using similar strategies.
While 0x8c58’s short position is far larger than either’s, the pattern is familiar—aggressive leverage, volatile assets, and repeated margin injections that buy time but not relief.
Analysts warn that leverage above 10× raises the probability of liquidation by more than 40%, especially when market momentum is moving against the trader.
Financial technology company OneSafe revealed a March 2025 incident where a whale on Hyperliquid had a $200 million ETH position wiped out after margin maintenance fell short.
That trader used 50x leverage, indicating how fast things can spiral.
“High-leverage trading can be a double-edged sword…It offers a tantalizing opportunity for profit, but… can lead to some pretty devastating losses,” the OneSafe analysis noted.
Episodes like this highlight the transparency and the peril of decentralized exchanges (DEXs). Hyperliquid’s on-chain nature means every position, margin top-up, and loss is visible in real time. However, the same openness reveals how quickly even seasoned traders can spiral into catastrophic losses.
As institutional interest and ETF inflows drive ETH toward the $5,000 mark, it will be interesting to watch if whale 0x8c58 can escape liquidation. If not, they could become the latest wake-up call amid DeFi’s leverage risk trap.
Recently, XRP has seen a strong rise. According to CoinDesk, the trading volume of $3 XRP call options has surged, showing that the market is confident that XRP will break through in the short term. Many technical analysts predict that XRP is expected to hit $3 in the short term, and even have a chance to challenge the $5 to $6.5 range by the end of the year.
What is even more exciting is that Ripple has recently officially obtained a national banking license approved by the Office of the Comptroller of the Currency (OCC) in the United States, and has successfully applied for access to the Federal Reserve’s master account. This means that XRP’s compliance path in the United States has become clearer, and mainstream financial institutions will greatly increase their trust in it.Brad Garlinghouse, CEO of Ripple, said:
“We are moving towards a more compliant and transparent banking system, which will greatly enhance the credibility of XRP in global mainstream finance.” Boosted by the news, XRP prices rose by more than 4% on the day, and market sentiment continued to be high.
FINDMINING：The preferred cloud computing platform for global retail investors
At a time when XRP is at an unprecedented height of popularity, the leading cloud mining platform FINDMINING announced a major update on July 9: the official launch of a “zero threshold” free cloud mining service! New users can receive a $15-$100 bonus upon registration, and can start mining with a minimum of $100. It supports flexible switching between multiple currencies such as BTC, DOGE, and XRP, with daily settlement and withdrawals at any time.
Ibrahim Aydin, CEO of FINDMINING, said at the launch:
“FINDMINING is committed to providing the most profitable, secure and transparent cloud computing contracts for global retail and institutional investors. The strong performance of XRP and Bitcoin has attracted a large number of new users, but the high hardware investment and operation and maintenance costs often discourage retail investors. FINDMINING breaks down barriers through the “zero threshold” model, allowing global retail investors to easily share market dividends, and using bank-level custody to ensure the safety of funds throughout the process.”
FINDMINING claims users can receive daily rewards based on selected contracts.
AI computing power scheduling system: intelligently optimizes mining strategies in real time based on market difficulty and currency price fluctuations
Multi-node global deployment: Distributed servers cover the world to ensure efficient and stable operation of mining
Green energy drive: Use clean energy to reduce operating costs and make users more profitable
Referral reward mechanism: Invite friends to enjoy up to 4.5% extra rebate, multiple benefits
Transparent and traceable income – all mining income and dividends can be viewed in real time, withdrawn at any time, and viewed on the dashboard at any time
XRP users around the world — mining easily without leaving home
Real user feedback also further verifies the popularity and reputation of FINDMINING: A user from California shared: “The $15 free bonus allowed me to get started at zero cost. I only invested $100 and was able to withdraw stable profits every day. It was much less troublesome than setting up a mining machine myself.” Another new user from Europe said: “I just switched to XRP mining when XRP skyrocketed. Now I can earn passive income every day through FINDMINING. The withdrawal is fast and the customer service is very professional.”
To encourage users to invite friends, FINDMINING also provides generous referral rewards – direct referrals can earn 3% commission, and indirect referrals can enjoy an additional 1.5% commission, further broadening the income channels.
FINDMINING positions itself as a mining platform for XRP-focused users during this growth phase.
As XRP bullish sentiment continues to heat up, the official approval of Ripple’s banking license and the Federal Reserve’s main account has brought a clear compliance and mainstream path to XRP, greatly enhancing market confidence. FINDMINING has taken advantage of the trend and has become the first choice for countless retail investors around the world to mine XRP and easily earn passive income with its “zero threshold” model and transparent operation.
Register for FINDMINING now to receive a $15 new mining reward, use the mobile app to mine anytime, anywhere, and seize the next wealth of XRP!
Disclaimer: This article is for informational purposes only and does not constitute investment advice. All claims are based on statements provided by the company.
AI computing power scheduling system: intelligently optimizes mining strategies in real time based on market difficulty and currency price fluctuations