Crypto Circus: AI, Smartphones & Tariffs – The Weekly Wild Ride

This week’s crypto news is about as predictable as a cat on a hot tin roof: full of surprises, chaos, and the odd lucrative opportunity if you’re quick enough to spot it.

If you fancy gambling on the rollercoaster of ecosystem-whirlwind volatility, buckle up — here are the hot tickets you should be watching.

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Other potential fireworks include FET, RNDR, GRT, and TAO — not that anyone truly understands what they do, but hey, they’re riding the AI hype wave just like everyone else. Remember, it’s the buy-the-rumor-sell-the-news kind of scene, so don’t get too excited before the inevitable crash.

the DeFi App’s big idea to buy back its own tokens. That’s right—DIP-004 is live, and the cheap thrill of £3 million in buybacks is sparking excitement among those who love the smell of burnt fees in the morning.

Defi App is back with a Vengeance

Releasing an app, buybacks, Over $3M for yappers. and $HOME pumping…

Here’s everything you need to know about S2 defidotapp

— Digi (MONEY/ARC) (@Crouserrr) August 3, 2025

Most of the revenue (80%, naturally) is being recycled right back into the buyback pit. Just like a hamster caught in a wheel — except this one might actually increase the token’s value, unless traders simply buy the rumor and sell the news.

With the token currently floating around $0.035, it’s a sweet, sweet rally driven by hopes that fewer tokens in circulation equals higher prices, like magic — or just good old-fashioned market hype.

Solana’s Seeker Smartphone — The gadget that might haunt your dreams (or make them come true)

In what might be the final chapter of “Can crypto make your phone smarter?” Solana’s Seeker is shipping in September 2024. It promises to be a more budget-friendly, feature-packed phone — perfect for those who want to ditch Apple but still enjoy a shiny new toy.

“We want to make it as easy as possible for whatever the next narrative [in crypto] is, whatever the next use case is — there can be a dozen apps offering that same use case in our store within days,” Solana Labs General Manager Emmett Hollyer said. Probably while dreaming of world domination, or at least dominating the next hackathon.

It’s more than just a phone; it’s a crypto gateway, with upgrades, tools, and an app store designed to make your digital assets sing.

Seekers have entered the testing phase. Shipping starts Summer 2025.

You’ll be able to confirm/update your shipping address soon. Stay tuned for more info.

— Seeker | Solana Mobile (@solanamobile) March 18, 2025

Oh, and if past Saga buyers are anything to go by, tossing a $600 investment their way might just turn into a couple of thousand dollars — if you’re lucky enough to snag a crypto airdrop, that is.

US Tariffs — Because nobody likes a trade war, except maybe Donald Trump

And now for the national spotlight: the US plans to crush its trading partners with higher tariffs starting Thursday, August 7. The idea is to make imported goods more expensive — and to keep those foreign competitors guessing whether they should pack their bags or sell their goods on Mars.

“Trump Order Pushes Tariffs Start Date To August 7—Rates Set For 67 Countries And EU”

— Forbes (@Forbes) August 1, 2025

These tariffs, which range from 10% to a dizzying 41%, could make Bitcoin — the beloved anti-establishment hero — dance to a new tune, or at least wobble slightly on the sidelines as global trade chaos ensues. Bitcoin remains a good hedge, but don’t be surprised if the market spices things up a bit.

The Ethena $107 Million Explosion — Because sometimes, tokens just like to crash the party

And finally, a big cash exit — 171.88 million ENA tokens, worth a hefty $107 million, are unlocking on Tuesday, August 5. Investors and core contributors get their chunk of the pie, which might just send the price on a short-term rollercoaster (or just another “oops” moment for traders). As of now, ENA is selling for around $0.62, but don’t say you weren’t warned about sudden drops.

It has a history of causing wild price swings, so don’t be surprised if this unlock event tests your nerves. Just hold tight — or sell early, if you’re into that kind of thrill.

And with that, your weekly dose of crypto calamity, innovation, and market mayhem comes to a close. Remember: in crypto, as in life, it’s all about the ride — so enjoy it, or at least pretend you do.

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2025-08-04 17:15