Despite strong ETF inflows, ETH traders remain cautious as competitive pressures and weak network activity persist.

Ethereum derivatives show no momentum, raising doubts over $4K rally

Following the landmark US passage of the GENIUS Act, Fabian Dori of Sygnum 
Bank breaks down what lies ahead for stablecoins, institutional adoption and 
global crypto regulation.

State of stablecoins after GENIUS Act: Expert weighs in

A sudden crash in the TICS token has shaken confidence in Qubetics, the 
blockchain project that promised to bring together Bitcoin, Ethereum and 
Solana networks. Based on reports, the token plunged 97% after a failed 
airdrop launch. Investors who hoped for quick gains were left scrambling to 
understand what went wrong on July 30 and 31. Related Reading: XRP Traders 
Pull Back $2.4B—Brace For Impact Or Buy The Dip? Technical Glitch Sparks Token 
Collapse According to Qubetics’ own statement, a “critical error” hit the 
vesting contract during the live airdrop. The plan was to unlock 10% of tokens 
right away and then release 90% over the next 90 days at a rate of 1% per day. 
At first, TICS surged 950% to hit $2.16. But once users saw far less than 
their expected share—some got only 1% instead of 10%—selling pressure kicked 
in hard. By the end of Thursday, the price had tumbled almost back to zero. 
The initial 10% of your $TICS tokens has been successfully distributed. The 
remaining 90% will be released gradually, with 1% delivered daily over the 
next 90 days. To successfully interact with your TICS tokens, it is essential 
to add the Qubetics custom network to your wallet.… pic.twitter.com/IR22LHAiXD 
— QUBETICS (@qubetics) July 31, 2025 Within hours, community forums lit up 
with cries of foul play. Many wallets showed a fraction of what they should 
have received. Heavy sell-offs by early holders made matters worse. Based on 
reports, the token’s crash was as much about panic selling as it was about the 
initial coding mistake. Community Accusations Grow Loud Rumors swirled that 
presale investors once bought in at $0.33 per token, with promises of a 20% 
bump on listing day. Instead, TICS opened its trading at $0.19 on July 24 and 
then slipped to $0.06 within a week. Some users accused the team of holding 
back tokens, while others claimed insiders dumped large amounts on the market. 
On X, dozens of comments called Qubetics “scammers” and accused the team of a 
“rug-pull.” Related Reading: Don’t Blink: 1,000 XRP Could Be The Best Move 
You’ve Made—Expert Team Promises Full Distribution In response, Qubetics said 
it will issue a full report on the mishap and ensure all eligible wallets get 
their full allocation. They stressed that the error came from Antier, the 
outside firm handling smart contracts, not the core team. The announcement 
reaffirmed their commitment to build a layer-1 network that aggregates the 
Web3 ecosystem. Roadmap items include cross-chain bridges and on-chain 
governance tools. Even now, the team insists that long-term holders will see 
value once the tokens flow correctly and the network goes live. It’s a big 
“if” for many investors, but Qubetics said it is sticking to its plan. 
Featured image from Unsplash, chart from TradingView

Crypto Disaster: Qubetics Token Crashes Nearly 100%—Possible Rug Pull

President Donald Trump finally made tariffs against Brazil official, slapping 
the South American nation with a 50% levy on imports. In the same way, Trump 
also announced 35% tariffs on Canada, the U.S.&#8217;s second-largest trading 
partner, while Mexico obtained more time to discuss a better trade agreement. 
Trump Lashes Out at Brazil and Canada With […]

Trump Slaps Brazil and Canada With 50% and 35% Tariffs; Mexico Gets Breathing Room

The GENIUS Act leaves a foreign stablecoin loophole that puts US issuers at a 
competitive disadvantage, says former CFTC Chair Timothy Massad.

GENIUS sets new stablecoin rules but remains vague on foreign issuers

OpenAI&#8217;s massive funding boost signals a transformative shift in AI industry 
dynamics, potentially accelerating innovation and market competition.
The post OpenAI raises over $8 billion in latest funding round, reaching $300 
billion valuation appeared first on Crypto Briefing.