THE LATEST CRYPTO NEWS

Circle Internet Financial, the issuer of the USDC stablecoin, has seen its newly listed stock, CRCL, gain 5% on Tuesday after reporting robust revenue figures in the second quarter of the year following its initial public offering (IPO).  USDC Circulation Soars 90% Year-Over-Year The uptick in Circle’s CRCL stock toward the $164 mark on Tuesday, comes on the heels of the recently passed GENIUS Act in both Congress and House of Representatives, which has spurred increased attention towards stablecoins and their applications in the financial market.  According to Chief Financial Officer (CFO) Jeremy Fox-Geen, the company is witnessing a surge in institutional interest, stating, “After our IPO and the Genius Act, we’re seeing an acceleration of interest, with major institutions all leaning in.” Related Reading: Bitcoin 4-Year Rhythm Fades Out As Fresh Market Forces Emerge: Expert Three weeks ago, President Donald Trump signed the country’s first crypto bill into law. The bill aims to establish a new regulatory framework for dollar-pegged cryptocurrencies. As a result, major companies and US banks have shown increased interest in these assets, potentially including them in their financial operations, which could significantly improve, given the low cost and speed of stablecoin transactions. As of June 30, the amount of USDC in circulation had skyrocketed by 90% compared to the same time last year, and Circle anticipates sustained growth at a compounded annual rate of 40%.  The USDC stablecoin is also gaining traction not only for its use in digital transactions but also for cross-border remittances between individuals and businesses, as noted by CEO Jeremy Allaire. Circle Reports 53% Revenue Growth Circle reported a significant year-over-year revenue increase of 53%, reaching $658 million. According to Reuters, this growth was largely driven by increased interest income generated from the cash reserves and short-term investments backing its USDC stablecoins.  Additionally, revenue from subscription and service offerings from the stablecoin issuer’s platform also saw an uptick, surpassing analysts’ expectations of $644.7 million, as compiled by LSEG.  However, the company did report a net loss of $482 million, primarily attributed to non-cash charges associated with its initial public offering.  Related Reading: Market Expert Says Sell All Ethereum By October, Here’s Why Circle also announced plans to launch Arc, a public blockchain specifically designed for stablecoin transactions, this fall, as part of the firm’s strategy to develop the technological infrastructure necessary for digital payments. David Bartosiak, a stock strategist at Zacks Investment Research, commented on Circle’s goals, stating, “They’re really trying to become the pillar of stablecoins in the US” He emphasized that the company’s established reputation positions it as a trusted player in this emerging market. Despite the rise in its stock price, CEO Allaire indicated that Circle is taking a cautious approach regarding acquisitions. “We’re careful and deliberate. I don’t think our strategy here is to go try and do big, complex acquisitions to throw additional business lines,” he remarked. Featured image from DALL-E, chart from TradingView.com

Social Network Zora has seen its native token, ZORA, record a massive rally following a spike in user activity and recent key integrations, leading some investors to suggest that momentum will continue. Related Reading: Ethereum Bullish Fundamentals Clash With Short-Term Leverage Risks ZORA Hits New Highs On Monday, the native token of the decentralized social network Zora jumped nearly 50% to hit a new all-time high (ATH) of $0.145. The platform allows users to make social media posts into tradable tokens by automatically minting them, with over 2.06 million tokens created since its launch, according to Dune data. In April, the team launched its native ZORA token, airdropping 10% of the supply to early users. The launch received a negative response due to concerns of an unfair allocation and potential centralization. As the price nosedived within hours, some users considered the airdrop was “the biggest disaster with Scroll and Zksync” and the “biggest SCAM in 2025 so far.” Despite the initial backlash, the token has seen a remarkable performance since July, surging 1,573% in the monthly timeframe to hit a market capitalization of $438.9 million. Notably, its ongoing rally has been driven by numerous factors, including crucial integrations and large holders increasing their balances. Since mid-July, users can mint their tokens using the Zora platform without leaving the Base App, making it more accessible and convenient for investors. Following the integration, Base overtook Solana in terms of tokens launched. Moreover, Binance announced the launch of the ZORA/USDT perpetual futures trading pair with up to 50x leverage on July 25, a week after the Base App integration. The news fueled the token’s rally to its previous high of $0.09 on July 27. New Leading Launchpad? As noted by Base’s lead developer, Jesse Pollak, Zora led in tokens created by launchpads on Base and Solana last month, accounting for more token launches than leading Solana platforms Pump.fun and LetsBonk. The massive momentum was momentarily halted by the start-of-August pullback, which saw ZORA drop 50% from the July highs. Nonetheless, the token and the platform have seen a significant recovery over the past week, with its price rallying 128% and token creation activity surging nearly 27% since August 4. On August 10, the platform saw the largest token issuance since July 31, according to Dune data, with 47,743 tokens from 21,052 unique creators, seemingly driving ZORA’s Monday price breakout. ‘Onchain Culture’ Gets Momentum A week before ZORA’s launch, Coinbase’s Layer-2 (L2) Network, Base, faced backlash over rug-pull allegations after it promoted an unofficial memecoin that crashed by over 90%. As reported by NewsBTC, Base’s official X account posted an image with the text “Base is for everyone” and a link to Zora with the caption “Coined it,” sparking a speculative frenzy among the crypto community. Base explained that they had posted on Zora because they believe everyone should bring content on-chain and use the tools that make it possible. “Memes. Moments. Culture. If we want the future to be onchain, we have to be willing to experiment in public. (…) We’re going to keep bringing culture onchain,” the Base team argued. Related Reading: Ethereum Surpasses MasterCard In Asset Rankings, Bullish Targets Set Following Zora’s recent rally, market watcher Ansem highlighted that “Zora is currently the newest thing with the most momentum,” suggesting that “innovation will happen on base/abstract/megaeth/lighter & others,” instead of on the Ethereum mainnet. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin has continued its upward momentum over the past week, reclaiming price levels close to its all-time high. At the time of writing, the cryptocurrency is trading above $120,000, only a short distance from the record of more than $123,000. Over the last seven days, the asset has posted a gain of approximately 5.1%, placing it among the stronger performers in the digital asset market. Amid the price movement, on-chain data from the TRON network’s USDT transfers is offering insights into current market behavior. CryptoQuant contributor Amr Taha analyzed TRC-20 USDT transaction flows and identified patterns that may serve as potential indicators of Bitcoin price shifts. By categorizing transactions into six size groups, ranging from retail trades of $100 to large “super whale” transfers exceeding $10 million, the analysis aims to distinguish between everyday market activity and institutional-scale transactions. Related Reading: Bitcoin Bull Run At Risk? Binance Whale-To-Exchange Flow Signals Price Correction Large USDT Transfers as a Market Signal Taha’s research notes that when transactions exceeding $10 million in USDT on the TRON network surpass $5 billion in a single day, this often coincides with significant profit-taking in Bitcoin. Such activity typically involves converting BTC into USDT, followed by transferring the stablecoins to private wallets, reducing buying pressure in the spot market. Past examples include July 16, when $10M+ USDT transfers reached $5.2 billion, followed by a 4.5% decline in BTC, and July 23, when $5.8 billion in similar transfers preceded a 3.8% drop within 48 hours. Current data, however, shows a lack of such large-scale transactions, suggesting that major holders are not actively selling into stablecoins at present. This absence of substantial whale outflows may indicate that large investors are maintaining positions rather than exiting the market. Bitcoin Shifting Market Participation and Potential Breakout Scenarios A separate analysis from CryptoQuant’s ShayanMarkets examined the average executed order size in Bitcoin futures markets, providing another perspective on participation trends. This metric, which divides total traded volume by the number of executed orders, helps identify whether activity is being driven by retail participants or larger, institutional traders. Data from late 2024 and early 2025 showed periods of whale dominance, which coincided with strong rallies. In contrast, recent weeks have seen a rise in smaller, retail-sized orders, while whale-driven trades have diminished. This shift suggests that large-scale buyers may be holding positions acquired at lower price levels or waiting for new market conditions before re-entering with significant volume. Related Reading: Bitcoin Futures Bias Turns Neutral As OI Net Position Hits Zero – Details Historically, extended whale dominance near market highs has often been associated with distribution phases, where large holders take profits. The current absence of such behavior leaves open the possibility of a bullish breakout above Bitcoin’s previous all-time high, provided that renewed selling pressure from large investors does not emerge in the near term. Featured image created with DALL-E, Chart from TradingView

The cryptocurrency market has seen a notable rebound in the lead-up to Tuesday’s US Consumer Price Index (CPI) release, with Bitcoin climbing above $122,000 over the weekend and Ethereum rising by nearly 20% in the past week to more than $4,300. The gains have coincided with improved sentiment in US equity markets, with QCP Capital noting that the correlation between Bitcoin and equity performance has strengthened since mid-July. Total market capitalization for digital assets also surged above $4.1 trillion, reflecting an increase on Monday. The upcoming CPI report is being closely monitored for signs of inflationary trends. Consensus expectations point to a year-over-year increase of 10 basis points in headline inflation, bringing it to 2.8%. Related Reading: Bitcoin Open Interest Flips Negative After July Peak – Risk Appetite Cools QCP Capital stated that a softer reading could reinforce expectations for a Federal Reserve rate cut in September, while a higher-than-expected figure might disrupt the rally in risk assets, including cryptocurrencies. Analysts suggest that the market is preparing for both outcomes, with positioning in derivatives markets indicating hedging on the downside while still leaving room for upward momentum. Bitcoin and ETH Derivatives Data Signals Market Caution Options market activity shows that traders are actively preparing for volatility around the CPI release. QCP Capital highlighted demand for short-dated Bitcoin puts in the $115,000–$118,000 range, suggesting that some market participants are protecting against a potential price drop. At the same time, there has been continued short-call covering, indicating reduced willingness to bet against further gains. Aggregated Bitcoin options open interest stands at $43 billion, close to the $49 billion peak recorded in July. The firm expects implied volatility to remain elevated until the CPI release, after which it could compress if Bitcoin fails to break through resistance levels. Ethereum options activity is similarly strong, with open interest at $13.9 billion, the highest level so far in 2025 and approaching the all-time high of $14.6 billion set in March 2024. Elevated open interest in both BTC and ETH suggests that traders are heavily engaged in positioning around macroeconomic events, with the CPI print seen as a key catalyst for short-term price action. Institutional Flows and Longer-Term Outlook Beyond derivatives markets, institutional activity and flows into spot ETFs remain a focal point for analysts. CoinShares data shows that digital asset investment products saw $571 million in net inflows last week, driven by gains in both Bitcoin and Ethereum. QCP Capital noted that the market has absorbed recent large-scale sales from long-term holders without a breakdown in price trends, indicating resilience in market structure. Related Reading: Bitcoin Holds Strong Near All-Time High – Market Not Overheated Yet, Data Shows Despite short-term uncertainty, some analysts maintain a bullish view for the remainder of the year. Paul Howard, Senior Director at Wincent, reiterated his forecast of $150,000 for Bitcoin before year-end, citing historical post-halving cycle trends. Howard noted that historically, post-halving years have seen significant rallies, adding that while there may be periods of consolidation, the overall market structure suggests higher prices are achievable in 2025. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s march to reclaim the $120,000 milestone again is gaining pace with a combination of tightening supply and interesting events around the world.  Harvard University recently revealed its $116.6 million allocation to BlackRock’s IBIT Bitcoin ETF. Meanwhile, El Salvador is welcoming Bitcoin-focused investment banks, while regulatory delays have put Japan’s first crypto ETF on hold. Related Reading: Bitcoin Is Still King Of Capital Inflows, According To Michael Saylor El Salvador Opens Door To Bitcoin Investment Banks El Salvador has passed a landmark Investment Banking Law that allows regulated investment banks, which are distinct from commercial lenders, to hold Bitcoin and other digital assets on their balance sheets. These institutions will cater exclusively to sophisticated investors and are required to have a Digital Asset Service Provider license and at least $50 million in starting capital.  The law, which was approved on Thursday, effectively paves the way for banks to choose to operate entirely as Bitcoin banks. Government officials say the framework is designed to attract foreign capital and cement the country’s status as a crypto finance hub. Critics, however, warn that the benefits may largely favor wealthy institutions over everyday Salvadorans. This move comes as Japan’s entry into the Bitcoin ETF market is being held back. While US-based Bitcoin ETFs are making ground with inflows and jurisdictions like El Salvador move forward, Japan is yet to be home to a Spot Bitcoin ETF.  There were multiple reports this week about Japan’s SBI Holdings filing for spot crypto ETFs. However, the company has clarified that it has not yet submitted any applications for crypto-related ETFs. Nonetheless, the company did note in its Q2 2025 earnings report that it is planning to launch crypto-asset-linked investment trusts and ETFs upon regulatory approval. Harvard University Commits Over $116 Million To Bitcoin ETF Institutional confidence in Bitcoin received a major boost with Harvard University’s decision to invest $116.6 million into BlackRock’s IBIT spot Bitcoin ETF. This interesting investment was revealed in a recent filing with the US Securities and Exchange Commission by the Harvard Management Company. This sizable position elevates Bitcoin to a prominent role within Harvard’s equity portfolio, which is a notable shift in its investment choices, particularly following its decision last quarter to scale back exposure to several major Big Tech stocks. According to the filing, the endowment purchased 1.9 million shares of iShares Bitcoin Trust, valued at $116.6 million. This value places Bitcoin as the fifth-largest holding in Harvard’s equity portfolio behind Microsoft, Amazon, Booking Holdings, and Meta. Harvard’s allocation aligns closely with investment trends in the US, as US spot Bitcoin ETFs have attracted more than $54 billion in inflows since their launch in early 2024. Related Reading: Ripple-SEC Legal Drama Ends; XRP Skyrockets 13% The move comes at a time when liquidity on major exchanges is tightening, and it has contributed to an increase in bullish sentiment surrounding Bitcoin.  At the time of writing, Bitcoin is trading at $118,320, up by 4% in the past seven days. Featured image from Unsplash, chart from TradingView

XRP’s market presence is gaining strength in 2025, and technical analysis is pointing to a significant divergence from Bitcoin and Ethereum. Recent technical analyses and market structure shifts indicate that XRP is moving along its own bullish path, and its dominance level has been climbing in the past few months.  Technical analysis of the XRP/BTC pair and market cap dominance shows a breakout that could set the tone for XRP in the coming weeks and months, even as it is battling an important short-term support level at $3.22. Related Reading: Bitcoin Is Still King Of Capital Inflows, According To Michael Saylor XRP/BTC Pair Shows Decoupling Momentum According to a breakdown of the XRP/BTC pair by crypto analyst Dark Defender on the social media platform X, XRP has been mostly outperforming Bitcoin since late 2024 and the start of 2025. This trend is shown in the XRP/BTC 3-month candlestick price chart below, which captures a decisive breakout above a long-standing downtrend resistance trendline in December 2024. Despite Bitcoin’s multiple all-time highs in 2025, price action on the XRP/BTC pair has maintained strength above this trendline resistance. This trend indicates a prolonged period of relative outperformance, and according to Dark Defender, the decoupling has already started, meaning the altcoin is now following its own unique path. At the time of writing, the XRP/BTC pair is trading at 0.00002696. If this trajectory holds, the pair could continue to climb toward higher targets, which would bode well for the price of XRP and an altcoin season. Chart Image From X: Dark Defender This bullish stance is further supported by popular analyst EGRAG CRYPTO, who noted the growth in the altcoin’s market dominance. According to him, XRP’s market dominance chart is a crucial indicator of its price direction. His Fibonacci-based analysis identified the 5.92% dominance as the first hurdle that must be breached to open the path toward higher targets. Once cleared, the next resistance is at 8.87%, followed by his optimal dominance target of 11.61%. If XRP reaches this optimal target, then it would certify its performance for the crypto this cycle. Finally, a move to 21.5% dominance would push the XRP price to all-time highs.  Image From X: EGRAG CRYPTO Short-Term Pullback Tests Important Support Although the long-term XRP structure is bullish, the short-term picture shows XRP is currently undergoing a pullback after touching $3.38 very briefly on August 8. Analyst CasiTrades noted that this retracement is now approaching an important support zone between $3.21 and $3.22, which also coincides with the 0.382 Fibonacci retracement level. This zone carries added significance as it aligns with a key backtest area, making it a pivotal point for preserving the bullish structure. The selloff, she noted, may be a calculated liquidity grab to shake out weak holders before the next leg up. Holding above $3.22 could maintain confidence in XRP’s upward trajectory. If XRP does break above $3.22, the next important support level to hold is at $3.17. Image From X: CasiTrades Related Reading: Ripple-SEC Legal Drama Ends; XRP Skyrockets 13% Featured image from Unsplash, chart from TradingView

Ethereum’s price action in the past seven days has been nothing short of interesting. During this period, the leading altcoin has surged past $4,000 for the first time since December 2024 and is also now trading above $4,200, reclaiming a level it last held in 2021.  According to on-chain data, the breakout has injected confidence into the market, especially among retail traders. Ethereum’s technical setup and comparisons with Bitcoin are now showing the possibility of a rally on par with the most explosive phases in its history. Related Reading: Ripple-SEC Legal Drama Ends; XRP Skyrockets 13% Ethereum Fractal Structure Signals 1,110% Rally According to technical analysis of Ethereum’s price action on the weekly candlestick timeframe chart, the leading altcoin is about to enter into a 1,110% rally that might take its price above $20,000. This analysis was initially noted by crypto analyst Merlijn The Trader, who identified a repeating cycle that closely aligns Ethereum’s current performance with Bitcoin’s 2018-2021 run.  Taking to the social media platform X, the analyst noted that in that earlier cycle, Bitcoin endured an 83% drop from its highs before staging a powerful 342% recovery. This was followed by a secondary correction of around 63%, which ultimately served as the base for a 1,110% surge between the second half of 2020 and the first half of 2021.  Ethereum’s weekly chart has been following the same sequence almost step-for-step in the past few years. After a steep 83% decline from its 2021 peak, Ethereum mounted a 342% rebound, only to experience a deep retracement of roughly 63% to $1,500 in April 2025. Since then, however, Ethereum has mounted another rebound, with the latest move being the most recent rally back above $4,200. Image From X: Merlijn The Trader This latest rally shows Ethereum is now in the final phase, where it could be positioned for a comparable explosive run to as high as $20,000 if the fractal continues to play out. In another analysis, Merlijn The Trader also pointed out that Ethereum’s weekly chart is echoing its own 2017 breakout structure. In that cycle, Ethereum reclaimed the 50-week moving average after a prolonged consolidation phase before entering into a sustained and powerful rally. The 2025 chart shows a similar reclaim of the 50 MA, and the price is now breaking above the $4,000 resistance zone that has stood since March 2024. Image From X: Merlijn The Trader Bullish Sentiment Building Above $4,000 Although Ethereum’s recent price rally can be mostly attributed to institutional buys in Spot Ethereum ETFs, the breakout above $4,000 has not gone unnoticed in the broader market. Notably, data from on-chain analytics platform Santiment reflects a dramatic rise in bullish activity across social channels.  Mentions tied to buying, optimism, and higher price expectations have surged sharply, now outpacing bearish commentary such as selling or lower price calls by almost two-to-one. Although this can create the conditions in which Ethereum’s rally can sustain momentum, too much FOMO can also put a temporary halt to any rally. Image From X: Santiment Related Reading: Bitcoin Is Still King Of Capital Inflows, According To Michael Saylor At the time of writing, Ethereum is trading at $4,225, up by 23% in the past seven days. Featured image from Unsplash, chart from TradingView

The potential integration of Bitcoin (BTC), the world’s largest cryptocurrency, into the United States 401(k) retirement plans could open the door to a $12 trillion investment pool, marking a significant shift in mainstream adoption. With millions of Americans contributing to this plan every two weeks, even a small allocation to Bitcoin could create a steady, long-term inflow of capital far exceeding the impact of spot Exchange Traded Fund (ETF).  Related Reading: Crypto Is Here To Stay—Even The SEC Can’t Do Anything About It, Analyst Says Bitcoin To Break Into 401(k) Retirement Market Bitcoin’s possible entry into the US $12 trillion 401(k) investment options could represent one of the largest structural inflows in the asset’s history. Tom Dunleavy, the Head of Venture at Varys Capital and a former senior analyst at Messari, declared in an X social media post on August 7 that cryptocurrencies in the 401(k) retirement plan are much bigger and more bullish news than the ETFs.  Dunleavy explained that the US currently has around 100 million Americans participating in the 401(k) plan, where a fixed portion of each paycheck is automatically invested into preselected portfolios of stock and bonds. These allocations are typically reviewed annually at most, creating a steady and predictable stream of capital into financial markets. Additionally, over the past two decades, this 401(k) plan has been a critical driver behind the resilience and long-term upward trajectory of US equities. According to Dunleavy, the total value of assets in the 401(k) plans stands at approximately $12 trillion, with around $50 billion in fresh contributions added every two weeks. The analyst suggested that even a small portfolio allocation to Bitcoin would represent significant and recurring inflows. He estimated that a 1% allocation translates to roughly $120 billion in continuous buying, 3% would equate to $360 billion, and 5% would reach a whopping $600 billion.  Unlike one-time purchases, Dunleavy notes that these allocations could continue indefinitely once set, creating a persistent demand floor for Bitcoin and other cryptocurrencies. He also compared the 401(k) plan to ETFs, claiming that cryptocurrencies within the investment pool could have a greater long-term impact than the launch of Spot Bitcoin ETFs.  Regulatory Backdrop And BTC’s Path To Adoption Dunleavy has indicated that the possible integration of Bitcoin into the 401(k) investment menus is closely tied to the Employee Retirement Income Security Act of 1974 (ERISA). He noted that ERISA establishes fiduciary standards designed to protect participants’ interests and ensure they receive promised benefits. Under this framework, most fiduciary risk is borne by consultants, who advise plan sponsors on asset allocation and investment options. Related Reading: Ripple-SEC Legal Drama Ends; XRP Skyrockets 13% For over a decade, these consultants have been researching the cryptocurrency market, building the knowledge base and compliance structures necessary to justify a modest crypto allocation—typically ranging between 1% and 5% for pensions and potentially 401(k) participants. Until recently, structural and regulatory constraints meant crypto could not be directly offered as an investment choice. With those barriers potentially shifting, consultants now have both the regulatory cover and the research credibility to recommend adding Bitcoin to retirement plans.  Featured image from Unsplash, chart from TradingView

Dogecoin is showing strong signs of a market revival, with recent price movements and technical indicators hinting at an incoming rally. According to technical analysis, Dogecoin’s recent price action has opened up a pathway to $1 that’s becoming increasingly visible if some conditions are met. Particularly, technical analysis by crypto analyst MMBTtrader on the TradingView platform outlines a bullish setup that formed after a decisive Dogecoin price breakout from a long-term downtrend channel on the 3-day candlestick chart. Related Reading: Crypto Is Here To Stay—Even The SEC Can’t Do Anything About It, Analyst Says Downtrend Channel Breakout And Retest Complete As shown in the 3-day candlestick price chart below, which was initially shared by MMBTtrader, Dogecoin broke above a descending parallel channel on July 15. This breakout is significant because it represents a shift in market structure from sustained selling pressure to an expansion phase from a channel that had contained its price action since late 2024.  However, after breaking out of this channel in mid-July, Dogecoin kicked off a correction path on July 21 that saw it reach down towards the upper trendline of the descending channel again. As noted by the analyst, this move allowed Dogecoin to successfully retest the breakout zone, which is a move he sees as confirmation that bulls have regained control.  Notably, the 0.61 Fibonacci retracement level appears as a key pivot point where Dogecoin’s price action eventually found strong support. This support was around the $0.188 price low on August 2, where it bounced upwards and has closed three bullish 3-day candles since then. MMBTtrader interpreted these candles as a healthy signal, suggesting that over-leveraged long positions have already been flushed out, and Dogecoin’s price action is now in a more stable state for a strong upside move. Dogecoin Will Reach $1 When This Happens Now that Dogecoin seems to have bounced from its retest of the descending trendline, the analyst highlighted some targets on the way to $1. The first price target is $0.32, which aligns with the 0.236 Fibonacci resistance and acted as a strong support level in December 2024. As such, breaching this level would represent a decisive break above a support-turned-resistance situation. One of the most important observations in the analysis is the $0.40 resistance level, which is marked on the chart with a prominent red horizontal zone. According to MMBTtrader, a clean break above $0.40 would shift Dogecoin into what he calls an “extremely bullish” phase.  A breakout above $0.40 would unlock upside potential and push Dogecoin to new price territories above its current all-time high of $0.73. Particularly, the projection is that of a move to $0.75 and the most-coveted $1 price level.  Related Reading: Ripple-SEC Legal Drama Ends; XRP Skyrockets 13% At the time of writing, Dogecoin is trading at $0.2355, up by 6.2% and 17.7% in the past 24 hours and seven days, respectively. The most important thing for bullish momentum right now is to hold above the 0.5 Fib level at $0.216. Featured image from Unsplash, chart from TradingView

Crypto bulls are eyeing $120,000 for BTC and $4,000 for ETH after this week delivered bullish cues across ETF flows and macro, an analyst says.

Tron (TRX) has recorded notable price gains over the past month, rising by nearly 20% in the past 30 days. Currently trading at around $0.3392, the asset has also posted a 1.5% gain in the past 24 hours. These developments occur amid growing on-chain activity, particularly driven by the increased use of the TRON network for Tether (USDT) transactions, positioning the blockchain as a major player in the stablecoin infrastructure space. One of the key observations has been the network’s sharp rise in USDT transaction volume. According to CryptoQuant contributor Arab Chain, TRON processed over 8.29 million USDT transactions in the week ending August 3, 2025. This figure not only indicates heightened activity but also reveals the diversity of transaction sizes across the network. Transfers between $101 and $1,000 made up the largest proportion at 38.66%, with significant activity also observed in transactions exceeding $1,000. Related Reading: TRON Inc. Plans $1B Buyback of 3.1B TRX Tokens Amid Price Resilience at $0.33 TRON’s Dual Adoption: Retail and Institutional Activity on the Rise Arab Chain emphasized that this distribution highlights TRON’s appeal across different user groups. The presence of mid-sized transactions suggests usage by freelancers, online vendors, and remittance users. In contrast, the substantial number of larger transactions implies participation by institutional traders, high-net-worth individuals, and potentially corporate entities. The analyst also noted a decline in transactions below $10, suggesting a reduced reliance on micro-payments or testing activity and a pivot toward practical use cases. The growing use of TRON for real-world settlement purposes is reinforced by its infrastructure, which supports low-cost, high-volume stablecoin transactions. Unlike networks that cater predominantly to large institutional transfers, TRON’s environment facilitates both high-frequency and high-value transfers. Arab Chain stated that this makes TRON a core component in enabling digital commerce, payroll systems, and cross-border payments. Meanwhile, CryptoQuant analyst Burak Kesmeci linked TRX’s recent momentum to regulatory developments in the United States. On July 18, 2025, the US Congress passed the GENIUS Act, marking the first formal federal regulatory framework for payment stablecoins. Kesmeci noted that this legislation provides a clearer legal foundation for dollar-backed digital assets by establishing guidelines for anti-money laundering (AML), consumer protection, and financial stability. Post-GENIUS Act: TRON Expands USDT Dominance Following the passage of the GENIUS Act, TRON moved swiftly to expand its footprint. According to Kesmeci, approximately $1 billion worth of new USDT was minted on the TRON network shortly after the bill became law. This increased TRX’s share of the total circulating USDT supply to over 83 billion out of 163 billion, accounting for approximately 51% of all USDT in circulation. The analyst suggested that this reinforces TRON’s position as the leading blockchain for stablecoin transfers. The GENIUS Act may catalyze stablecoin adoption in the US, with TRON expected to benefit due to its efficiency in handling stablecoin transactions. Related Reading: TRON Sees $1B USDT Mint: Liquidity Wave Incoming? As more institutions and users seek reliable, low-fee solutions for digital payments, TRON’s role in the growing ecosystem of tokenized dollars might just continue to expand. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s recent price action has drawn renewed attention as the asset attempts to rebound from last week’s decline. Following its July peak above $123,000, BTC experienced a downturn, hitting lows around $112,000 over the weekend. However, the latest data now suggest a gradual recovery in progress, with the cryptocurrency trading above $116,000 at the time of writing. Despite this modest rebound, some analysts are warning that underlying market sentiment could be pointing to a potential correction. Recent insights from contributors on the CryptoQuant QuickTake platform highlight signs of increasing optimism among traders, particularly on Binance. The balance between long and short positions is showing a distinct bias toward the long side, a pattern historically associated with short-term reversals. Related Reading: US Delay On Bitcoin Audit Is A Bullish Red Flag, Says Strike CEO Sentiment Indicators Raise Red Flags on Binance CryptoQuant analyst BorisVest recently discussed how sentiment on Binance, based on long-short positioning, has shifted notably into positive territory. According to BorisVest, the platform’s sentiment metric has shown a surge in long positions as BTC moved from $112,000 to $115,000. He noted that such spikes often coincide with price corrections. “The clustering of green bars in the sentiment chart suggests that traders are increasingly expecting prices to rise. However, excessive optimism tends to be countered by market corrections,” he explained. The analyst added that Binance, given its dominant share in trading volume, provides valuable insight into broader trader behavior. When the long position concentration grows during price increases, it may indicate a potential round of profit-taking. BorisVest stated that a meaningful correction would likely require BTC to fall below the $110,000 mark, which could offer more favorable re-entry points for buyers while restoring balance to the market structure. Bitcoin Leverage Data Shows Mixed Signals for Recovery In a related post, another CryptoQuant analyst, Arab Chain, examined the ongoing decline in Binance’s leverage ratio. Typically, a reduction in leverage is interpreted as a signal that overleveraged traders are exiting the market, thereby reducing volatility and risk of forced liquidations. “Lower leverage suggests less speculative behavior in the short term,” Arab Chain noted, “which often contributes to more stable price action.” Related Reading: Japanese Financial Giant SBI Moves Forward With Bitcoin-XRP ETF Application However, Arab Chain also pointed out that both leverage and price have been falling in tandem, which may reflect weak demand from spot buyers. This combination indicates that the recent downturn lacks sufficient buying support, raising concerns about the strength of Bitcoin’s current recovery. Featured image created with DALL-E, Chart from TradingView

As part of an initiative to internationalize the renminbi (Chinese Yuan) and enhance its competitiveness against the US dollar, China is poised to launch its first stablecoin. Meanwhile, the US is making significant progress toward its mission of becoming the crypto capital of the world. Despite this ambitious plan, concerns about potential capital flight are reportedly hindering the rapid advancement of stablecoin technology within the country.  China Explores Stablecoin Initiatives According to a report from the Financial Times, Hong Kong has emerged as a testing ground for cryptocurrency, particularly given the strict bans on the mainland.  Recently, the territory passed legislation allowing licensed businesses to issue tokens backed by any fiat currency. However, the Hong Kong Monetary Authority (HKMA) has taken a cautious stance, indicating that only a limited number of licenses will be issued starting next year. Related Reading: Bitcoin Insult Alert: Pro Trader Dubs HODLers ‘Idiots,’ Saylor Fires Back Policymakers in China have increasingly turned their attention to stablecoins, recognizing the growing dominance of dollar-backed tokens in the global economy.  The central bank governor, Pan Gongsheng, noted in a June speech that stablecoins have “fundamentally reshaped the traditional payment landscape.” However, the Chinese government faces a delicate balancing act; while it seeks to enhance the global standing of the renminbi, it must also maintain stringent controls over its financial system.  Recent discussions among financial regulators have centered on the implementation of stablecoin projects, emphasizing that any such initiative must align with China’s unique national conditions. Yet, experts have cautioned that the risks associated with capital outflows could pose significant challenges. Interest Grows In Hong Kong Rebecca Liao, CEO of Saga, a company focused on blockchain infrastructure, articulated the complexities of adopting stablecoin technology, highlighting that it cannot be completely controlled by central authorities.  This concern has contributed to Hong Kong’s slower progress in developing a thriving stablecoin market, especially when compared to the rapid growth observed in the United States.  The HKMA has voiced apprehensions about the potential use of stablecoins in money laundering, emphasizing the need for stability and control in its new regulatory framework.  As such, initial stablecoin programs in Hong Kong are expected to focus on business-to-business applications, limiting their broader adoption. Related Reading: Is The Bitcoin Bull Run In Jeopardy? Expert Reveals Strategy’s Alleged Plan To Sell All BTC Holdings The report emphasizes that interest in stablecoins is also growing among Chinese state-owned enterprises, particularly in the context of payment and settlement solutions.  Multiple state-owned companies with operations in Hong Kong are reportedly looking to apply for stablecoin licenses, although only one of China’s four major state-owned banks is expected to receive a license from the HKMA in this initial phase.  The HKMA has not ruled out the possibility of approving licenses for stablecoins backed by offshore renminbi, a move that could further facilitate cross-border payments—an area of increasing importance for China. Featured image from DALL-E, chart from TradingView.com

Ethereum (ETH) has mirrored the broader cryptocurrency market’s recent downturn, with its price declining by 4% over the past week. As of today, ETH trades at approximately $3,598, reflecting a 1% decrease in the past 24 hours. This pullback follows months of mixed price action across the market, as traders balance optimism over long-term fundamentals with short-term risk management. New insights from on-chain data suggest heightened market activity surrounding Ethereum despite its failure to reclaim the $4,000 mark. Analysts point to unprecedented levels of Open Interest (OI) in Ethereum futures contracts, combined with record daily transactions on its network. While this signals growing participation and network adoption, it also raises concerns about potential volatility if market sentiment shifts abruptly. Related Reading: Ethereum Price Falters Above $3,700 – Is a Pullback Brewing? Ethereum Open Interest Hits All-Time High CryptoQuant analyst CryptoOnchain reported that Ethereum’s OI on Binance has recently reached a record-breaking $77 billion. Open Interest measures the total number of outstanding derivative contracts, providing insight into market activity and trader participation. The surge suggests that more capital is entering ETH futures markets, potentially setting the stage for significant price movements. This rise in OI coincides with Ethereum reaching its highest daily transaction count ever recorded. Analysts link this spike in activity to increased engagement in decentralized finance (DeFi), growth in layer-2 scaling solutions, and broader adoption of Ethereum-based applications. CryptoOnchain noted that such developments “highlight growing participation and user engagement,” adding that this type of market buildup often precedes sharp price trends, either upward or downward. However, this accumulation of leveraged positions carries risk. If price movements turn unfavorable for the majority of open contracts, a wave of liquidations could occur, amplifying volatility. This has been a recurring theme in the cryptocurrency market, where leveraged positions can trigger cascading sell-offs during sudden price corrections. Bearish Signals Emerge from Market Order Activity Another CryptoQuant analyst, Maartunn, highlighted a different indicator that reflects short-term market pressure on Ethereum. According to his data, Net Taker Volume for ETH stood at -$418.8 million daily. This figure represents roughly 115,400 more ETH sold via market orders than bought, indicating a clear imbalance in favor of sellers. Market orders, unlike limit orders, execute trades immediately at the best available price. A sustained negative Net Taker Volume often signals urgency among sellers, potentially foreshadowing further downside if buy-side demand fails to absorb the selling pressure. Maartunn explained that “such behavior indicates participants were willing to prioritize execution speed over price,” typically a bearish market sign. Related Reading: Ethereum Consolidation Deepens As Taker Buy/Sell Ratio Hits One Of The Lowest Levels This Year Ethereum’s price action remains constrained below its psychological $4,000 resistance level. Despite strong on-chain activity, the divergence between network fundamentals and price performance shows a period of indecision for ETH. Featured image created with DALL-E, Chart from TradingView

The global cryptocurrency market has experienced a slight downturn over the past week, with Bitcoin (BTC) struggling to regain its recent highs. Market data from CoinGecko shows the total crypto market capitalization currently stands at approximately $3.79 trillion, representing a 0.4% decline in the last 24 hours. This pullback follows a period of uncertainty across major digital assets, with both Bitcoin and altcoins facing limited buying momentum despite periods of volatility. Analysts suggest that reduced market activity and fluctuations in leveraged trading positions are playing a significant role in current market behavior. Insights from Binance, one of the largest cryptocurrency exchanges globally, highlight shifting trader sentiment as leverage levels decline while overall price movement remains subdued. These changes raise questions about whether the market is entering a phase of consolidation or setting up for more volatility ahead. Related Reading: Bitcoin Inflows To Binance Accelerate: Investor Behavior Shifts After Months Of Decline Leverage Trends on Binance Point to Market Reset According to a recent analysis from CryptoQuant contributor Arab Chain, leverage usage on Binance has decreased notably in recent days. The analyst explains that falling leverage is typically a short-term positive indicator as it suggests the exit of overleveraged traders and a reduction in forced liquidations. This can help stabilize price fluctuations and reduce abrupt sell-offs that often trigger sharp market corrections. However, Arab Chain points out that the current scenario differs slightly. Both price levels and leverage ratios have declined simultaneously, indicating that spot market buying has not picked up to offset selling activity. “The lack of strong demand in the spot market weakens the probability of a rapid recovery,” the analyst wrote. This trend highlights a more cautious approach from traders, potentially reflecting macroeconomic uncertainties or a wait-and-see attitude ahead of key market developments. The estimated leverage ratio on Binance is considered a critical indicator for short-term sentiment. A high leverage ratio suggests speculative positions are dominating the market, making it more vulnerable to sudden price swings. Conversely, a falling ratio can indicate risk management among traders or widespread liquidations, both of which can temporarily ease volatility. Arab Chain emphasizes that this metric acts as an “early radar” for potential shifts in market momentum. Altcoin Deposits Signal Increased Trading Activity In a separate analysis, CryptoQuant’s Maartunn observed a significant increase in altcoin deposits to Binance, with a seven-day transaction count exceeding 45,000, the highest level since late 2024. This surge in activity coincided with Bitcoin’s recent push above $112,000, suggesting traders are preparing to adjust their positions across a wider range of digital assets. Deposits to exchanges are often interpreted as a signal of upcoming trading activity, as funds are moved from wallets to platforms where they can be quickly exchanged. Whether this results in increased buying or selling depends on how the broader market evolves in the coming days. The uptick in deposits could indicate growing interest in altcoins as traders look for opportunities beyond Bitcoin amid its recent stagnation. Featured image created with DALL-E, Chart from TradingView

Shares of Galaxy Digital faced a significant decline on Tuesday following the release of disappointing quarterly earnings and revenue figures. The crypto-investment and data-center company reported earnings per share of $0.8 for the second quarter, falling short of Wall Street’s consensus estimate of $0.18. Galaxy Digital Shares Plunge 10% Revenue for the period totaled $9.1 billion, markedly below analysts’ expectations of $13.9 billion. Consequently, Galaxy’s stock, GLXY, plummeted by 10%, settling at $27.68. According to Barron’s, the downturn can be attributed to a broader trend affecting the cryptocurrency sector, where trading volumes have waned significantly since spring, pushing digital assets like Bitcoin to retrace 7% below its record price peak.  Related Reading: Bitcoin Stuck In Macro Purgatory—Top Analyst Says Q4 Or Bust Galaxy reported a 22% decrease in digital-asset trading volumes from the first quarter, primarily driven by reduced spot-trading activity. The firm’s crypto sales, which represent its largest revenue stream, fell to $8.6 billion in the second quarter, down from $12.8 billion in the first quarter and $8.8 billion a year prior. Despite the disappointing earnings report, there was some positive news on the horizon. Galaxy announced that CoreWeave has committed to utilizing all the electrical power approved at its Helios data-center campus in West Texas, where construction is reportedly proceeding on schedule.  Additionally, Galaxy has agreed to acquire an extra 160 acres of land and a 1 gigawatt load interconnection request adjacent to the campus.  CEO Mike Novogratz expressed optimism about the Helios project, stating, “Helios will be a top five data center in the world if we get that fully built out.” The company anticipates generating revenue from its data-center operations in the first half of 2026. In light of the CoreWeave announcement and the expanded capacity potential at Helios, Piper Sandler analyst Patrick Moley noted that shares might be undervalued, suggesting they should trade higher. The firm has rated Galaxy stock as Overweight, with a price target of $36. Coinbase Unveils $2 Billion Senior Notes Offering In related news, Coinbase Global also experienced a slight dip in its stock, which fell by 1% on Tuesday following the announcement of a $2 billion offering of convertible senior notes aimed at qualified institutional buyers.  This offering includes $1 billion in notes maturing in 2029 and another $1 billion due in 2032. Additionally, initial purchasers will have the option to acquire up to $150 million more of each series. Related Reading: XRP Soars 35% in a Month: Will Ripple’s Legal Win and Whale Activity Send Price to New Highs? These notes will be senior, unsecured obligations with interest payable semi-annually, and they can be converted into cash, Class A common stock, or a combination of both at Coinbase’s discretion.  To minimize potential dilution resulting from these conversions, Coinbase plans to engage in capped call transactions, partially funded by the proceeds from the offering.  The remaining funds will be allocated to support general corporate needs, including working capital, capital expenditures, investments, acquisitions, and potential debt repurchases. Featured image from DALL-E, chart from TradingView.com

A CEO thinks XRP is one of the most misunderstood tokens out there. Jake Claver, chief executive of Digital Ascension Group, marked his YouTube channel hitting 100,000 subscribers by talking about what might push XRP’s price higher. Related Reading: Bitcoin Finds Support At $114K, But Rally May Stall Without New Drivers Institutional Bets On XRP Backing According to Claver, Digital Wealth Partners now holds over $200 million worth of XRP. That stake shows how much confidence they have in the token’s potential. During a livestream, he pointed to the altcoin’s future role in settling tokenized assets. He believes that as more institutions adopt blockchain and tokenization, XRP could become a key link in global finance. The company isn’t only betting on price swings. It offers loans backed by crypto like BTC and XRP. Loan-to-value ratios go as high as 80% and rates sit between 13% and 16%. Claver said upcoming partnerships could cut those rates further. Reports have disclosed that the fund works alongside clients’ trusted advisers, blending traditional wealth services with crypto options. Claver talked about how his firm helps clients who manage IRAs and 401Ks. He said Digital Wealth Partners acts as an extension of existing advisory teams rather than replacing them. That mix of legacy finance and digital assets is meant to guide people through both sides. For Claver, XRP remains at the center of that plan because its design fits institutional transactions. The Email Analogy For Payments Claver compared XRP’s role to early email systems. Back then, users needed the same provider to send and receive mail. Today, thanks to standard protocols, any email can reach any inbox, and mostly for free. He thinks XRP could do something similar for digital payments, bridging different apps and banking systems across borders. He said real-world use like that will force a fresh look at XRP’s value once big players catch on. Of course, getting major banks to agree on the same standard and meeting strict KYC and anti-money laundering rules are two hurdles that can’t be ignored. XRP Price Trajectory Based on analysis, the biggest price trigger for XRP may come in mid-August 2025, when the US Securities and Exchange Commission is expected to clarify the altcoin’s status. A positive outcome could spark a rally. A delay or mixed guidance might send prices down. Claver isn’t alone in watching this calendar. Paul Howard, Director at Wincent, said US rate changes possibly arriving in September could shift market sentiment. Related Reading: Crash Incoming? Kiyosaki Warns Of ‘August Curse’ And Reveals His Bitcoin Buy Zone Cheap money would hunt for yield, and tokens with solid use cases could see supply squeeze and sharp gains. Right now, risk-on vibes across crypto are steering flows into majors like BTC and ETH before altcoins get a look. Looking ahead, XRP’s performance will hinge on real adoption, clear rules and the bigger economic picture. If Claver’s vision plays out, XRP could shape next-gen payment rails. If regulatory delays or compliance snags dominate, investors may need to hedge or dollar-cost-average their positions. Either way, reports show that XRP’s path won’t be a straight line. Featured image from Unsplash, chart from TradingView

Derive data show crypto traders have shifted toward bearish positioning for Bitcoin and Ethereum options expiring in August, with demand focused on put options.

Bitcoin is currently undergoing a period of downward movement after briefly setting a new all-time high earlier last month. Over the past week, the world’s largest cryptocurrency has declined by nearly 4%, trading at $113,993 at the time of writing. This represents a drop of approximately 7.2% from the peak price of above $123,000 reached in July. The decline has sparked renewed discussion among analysts about the asset’s current price discovery phase and what it could mean for the remainder of 2025. Related Reading: Bitcoin Is Secretly Tracking This Market Signal: Weiss Crypto Bitcoin Price Discovery and the Potential for Q4 Gains CryptoQuant analyst Oinonen shared his latest assessment of Bitcoin’s market performance, noting that while the recent pullback appears significant, it primarily reflects technical market conditions. In his post on the QuickTake platform, he explained that a combination of macroeconomic uncertainty, technical indicators turning bearish, and liquidation events has contributed to the decline. However, he described the ongoing situation as a “technical correction” within Bitcoin’s longer-term bullish structure. Despite the short-term weakness, analysts remain focused on Bitcoin’s price discovery process. This phase, according to Oinonen, is essential in establishing the asset’s fair market value as supply and demand interact in the market. Following the all-time high of $123,400 on July 14, Bitcoin appears to be consolidating, potentially setting the stage for further upward movement later in the year. “Bitcoin has historically performed well in the fourth quarter,” Oinonen noted, suggesting that a return to its previous peak and even a potential move toward $200,000 could be on the horizon if historical patterns hold. Additionally, the analyst pointed to Binance’s high stablecoin reserves as a factor that may influence Bitcoin’s trajectory. These reserves represent capital that could flow into Bitcoin and other digital assets if market sentiment improves. A positive shift in buying activity, combined with Bitcoin’s reflexive market behavior, could support further gains, although the extent to which this would benefit altcoins remains uncertain. Related Reading: Is Bitcoin Losing Steam? Analysts Warn of Fragile Market Support Caution Over Negative Coinbase Premium Signals While some market participants anticipate a possible rebound later this year, other analysts are urging caution. Another CryptoQuant contributor, known as BQYoutube, highlighted a recent change in the Coinbase Premium Index, a metric comparing prices on Coinbase versus other exchanges. Since June 30, the premium has shifted to negative, indicating weaker buying pressure from US-based investors. “Historically, stronger Bitcoin rallies have coincided with a positive Coinbase Premium,” BQYouTube wrote, suggesting that traders may want to wait for signs of renewed spot demand before expecting a sustainable uptrend. Featured image created with DALL-E, Chart from TradingView

Ethereum’s price has experienced moderate declines over the past week, dropping around 5% after a period of notable gains in previous months. At the time of writing, ETH is trading near $3,633, fluctuating between the $3,500 and $3,700 range over the past day. This price movement follows a broader market cooling, with many traders engaging in profit-taking after Ethereum’s earlier upward trend. Recent on-chain and derivatives market data suggest that Ethereum may be heading into a consolidation phase. Related Reading: Ethereum Price Battles Key Levels – Will Buyers Step Back In? Derivatives Market Data Signals Selling Pressure CryptoQuant analyst Darkfost shared an outlook indicating increased selling pressure and potential short-term weakness in the ETH futures market. The analyst highlighted that despite several attempts to breach the $4,000 resistance level, Ethereum has yet to break through, indicating possible market hesitancy at current levels. Darkfost emphasized that the behavior of the futures market has shifted notably over the past few weeks. According to data from Binance, Ethereum’s taker buy/sell ratio has dropped to 0.87, one of the lowest levels observed this year. A ratio below 1 typically indicates that sell orders are dominating over buy orders, suggesting that traders are either closing long positions or opening shorts. The analyst noted that this trend began around July 18 and has remained mostly negative since then, limiting upward momentum. Additionally, the seven-day and 30-day simple moving averages (SMAs) have started to trend downward, which could be a sign of slowing market momentum. Binance continues to hold the largest share of ETH futures open interest among exchanges, making sentiment on this platform particularly influential. With sellers currently exerting more control, the data suggests a potential continuation of this consolidation phase until buying activity strengthens. Mixed Views on Ethereum’s Longer-Term Outlook While near-term market data points to a challenging period for Ethereum, some analysts maintain a positive longer-term outlook. A recent post by Titan of Crypto, a well-followed market commentator on X, projected a potential price target of $8,000. According to Titan of Crypto, Ethereum’s price structure is forming a large monthly triangle pattern that could eventually lead to a breakout, opening the way toward a significant rally. Related Reading: Ethereum’s Rally Isn’t What It Seems — Here’s What’s Really Driving It This bullish view aligns with other optimistic forecasts on X, where traders speculate that Ethereum could revisit or surpass its previous all-time highs once key resistance levels are cleared and broader market demand returns. $ETH below $4,000 is a steal. Institutional accumulation, supply crunch, network activity; you name it, and #Ethereum has everything. The rally above $10,000 this cycle will be epic. ???? pic.twitter.com/26YTa3lQn8 — Ted (@TedPillows) August 4, 2025 However, for now, the lack of strong futures buying activity and persistent selling pressure in derivatives markets appear to be capping short-term gains. Featured image created with DALL-E, Chart from TradingView

Barry Silbert has made a notable return to Grayscale Investments, the asset management company and crypto exchange-traded fund (ETF) issuer, as chairman, just weeks after the crypto asset manager filed confidentially for an initial public offering (IPO) in the US.  Silbert, who founded Grayscale in 2013, takes over from Mark Shifke, who will remain on the board as the company prepares for its future as a publicly traded entity. This leadership transition also coincides with Grayscale’s plans to bring in independent directors to strengthen its governance. New Executive Team At Grayscale In a significant move to bolster its executive team, Grayscale has appointed four professionals with extensive backgrounds in traditional finance (TradFi).  According to the firm’s announcement made on Monday, the new hires include Diana Zhang as Chief Operating Officer, Ramona Boston as Chief Marketing Officer, Andrea Williams as Chief Communications Officer, and Maxwell Rosenthal as Chief Human Resources Officer.  Related Reading: Top Analyst Says Bitcoin Is Trapped: ‘Nothing To Do Until October’ These executives join Grayscale from firms such as Bridgewater, Apollo, Goldman Sachs, and Citadel, reporting directly to CEO Peter Mintzberg, who has been at the helm since last year. Mintzberg stated:  This blend of institutional rigor and entrepreneurial drive shapes every aspect of how we operate at Grayscale, enabling us to deliver clients innovative investment strategies with the operating integrity they expect from a trusted partner. Silbert’s return comes at a critical juncture for the company, following a turbulent period marked by regulatory scrutiny. He stepped down as chairman in late 2023, just before the US Securities and Exchange Commission’s (SEC) ruling on spot Bitcoin ETFs, including Grayscale’s long-standing effort to convert its Bitcoin Trust (GBTC) into an ETF.  Around the same time, Silbert’s parent company, Digital Currency Group (DCG), faced legal challenges from New York’s attorney general regarding the collapse of crypto lending company Genesis, and its connections to crypto exchange Gemini’s Earn program, with Silbert himself named in the lawsuit. Regulatory Headwinds In his statement following the announcement, Silbert expressed his enthusiasm about rejoining Grayscale, emphasizing his belief in the company’s direction and the team leading it. Silbert noted: When I founded Grayscale in 2013, we saw an enormous opportunity to pioneer a new model for accessing and investing in digital assets, and to build the operational infrastructure that investors would ultimately demand. Today, I continue to have deep conviction in the company’s long-term positioning and in the leadership team guiding it forward. Related Reading: Analyst Warns XRP Investors Not To Let Fear Dictate Moves As Long As Price Holds This Level Grayscale currently manages over $35 billion across a variety of crypto investment products, including spot Bitcoin and Ethereum ETFs, as well as diversified digital asset funds. Earlier this year, DCG reached a $38 million settlement with the US Securities and Exchange Commission over allegations of misleading investors through Genesis Global Capital, a subsidiary of DCG.  The settlement adds to the ongoing regulatory challenges faced by DCG, as New York Attorney General Letitia James has also sued Gemini, Genesis, and DCG over a crypto lending program, alleging they defrauded over 29,000 New Yorkers while concealing $1.1 billion in losses. Featured image from Fortune, chart from TradingView.com

Bitcoin (BTC) has experienced a steady price decline over the past week, falling by approximately 3.7% as trading activity shows signs of a possible sell-off or profit-taking phase. After peaking above $123,000 earlier last month, the leading cryptocurrency has been trading within the $113,000 to $114,000 range in the past day. At the time of writing, BTC is valued at $114,420, reflecting uncertainty in market momentum. Market analysts point to weakening liquidity and inconsistent institutional demand as key factors contributing to the price drop. A recent analysis shared by Arab Chain, a contributor to CryptoQuant’s QuickTake platform, highlights several on-chain dynamics that have limited Bitcoin’s ability to maintain price stability despite reduced available supply. Related Reading: Top Analyst Says Bitcoin Is Trapped: ‘Nothing To Do Until October’ Liquidity Constraints and Market Fragility According to Arab Chain’s analysis, a sharp collapse in the liquidity inventory ratio began in mid-July, falling to levels representing just over three months of available supply on major trading platforms. This metric tracks how much Bitcoin is accessible for sale relative to the pace of market activity. Normally, reduced supply would lead to upward price pressure. However, Arab Chain notes that insufficient new demand left the market vulnerable, resulting in the opposite effect. “When liquidity is thin and there is no consistent buying activity from large investors or ETFs, even small sell orders can lead to significant price drops,” Arab Chain explained. This behavior mirrors “thin market” conditions, where limited order book depth magnifies volatility and makes prices more susceptible to sudden downward moves. The analysis suggests that market fragility could persist unless fresh demand enters the market. Historically, periods of constrained liquidity combined with a lack of large-scale buyers have led to prolonged corrections in Bitcoin’s price trajectory. ETF Demand Volatility and Weak Accumulation Another factor influencing the recent decline has been the erratic demand for Bitcoin-linked exchange-traded funds (ETFs). Arab Chain observed sharp fluctuations in ETF inflows, with rapid surges followed by strong outflows, leaving no consistent institutional support to stabilize prices. This inconsistent participation from ETFs, which have become a major driver of Bitcoin demand since their approval, contributed to weaker price resilience during sell-offs. Additionally, on-chain data showed that “smart portfolios,” or high-value addresses typically associated with strategic accumulation, exhibited only modest buying activity during the recent downturn. Related Reading: Bitcoin Investors Selling More Aggressively As Bull Cycle Matures: Risk Appetite Fades? Although accumulation signals long-term confidence, its slow and limited pace failed to counterbalance selling pressure in real time. This lack of immediate demand further weakened market support. Additionally, while investors closely monitor liquidity conditions, ETF flows, and long-term holder activity for signs of a potential rebound. Analysts suggest that sustained institutional buying or an uptick in accumulation from large addresses could help restore stability. Until then, Bitcoin may remain in a vulnerable position, with its price movement largely dependent on shifts in demand and available liquidity. Featured image created with DALL-E, Chart from TradingView

Bitcoin experienced a pullback over the weekend, briefly dipping to $112,296 on Saturday before stabilizing around $114,420 at the time of writing. The asset has seen a nearly 4% decline in the past week, marking one of the more notable short-term corrections in recent weeks. Market analysts suggest that, while short-term volatility persists, Bitcoin’s broader outlook remains influenced by whale activity and long-term holder behavior. Recent on-chain data provided by CryptoQuant highlights significant movement among high-volume Bitcoin traders. Crazzyblockk, a contributor to CryptoQuant’s QuickTake platform, analyzed transactions of 1,000 BTC or more and identified a pattern in where large-scale investors, often referred to as whales, prefer to trade. The data shows Binance is the dominant exchange for these transactions, processing both the highest total volume and the largest number of individual whale-level trades across the market. Related Reading: Top Analyst Says Bitcoin Is Trapped: ‘Nothing To Do Until October’ Binance Emerges as Primary Venue for Whale Transactions According to Crazzyblockk’s analysis, Binance leads other exchanges by a substantial margin when it comes to whale activity. Over 30 million BTC have moved through Binance in both inflows and outflows, far exceeding figures recorded on competing platforms such as HTX Global and Kraken. While volume alone highlights the scale of transactions, Binance’s leadership becomes even clearer when measuring transaction count. Data indicates more than 56 million whale transactions have taken place on Binance, compared to roughly 16 million on HTX, making it the most active platform for high-frequency, large-scale trades. This dominance suggests Binance provides unmatched liquidity for big players in the market. As Crazzyblockk noted, “The concentration of whale activity on Binance provides it with unparalleled liquidity. For traders, this means tighter spreads and a greater ability to execute large orders with minimal price impact.” The findings indicate that monitoring Binance’s order book can offer valuable insights into institutional sentiment and potential market movements. Bitcoin Long-Term Holders Sustain Bullish Trend Despite Correction While whale activity dominates short-term price movements, broader market sentiment remains supported by long-term holders (LTH). Another CryptoQuant analyst, Abrahamchart, pointed out that long-term investors continue to hold significant unrealized profits, with the Net Unrealized Profit/Loss (NUPL) ratio staying above 0.5. This indicates that long-term holders are not rushing to sell, helping sustain price support near the $104,000 range. Short-term holders (STH), on the other hand, appear to be taking profits during rallies, contributing to temporary selling pressure and minor corrections such as the latest dip below $113,000. Related Reading: Spot Bitcoin ETFs Bleed Over $800 Million: Second‑Largest Exit Ever – Details Abrahamchart noted that while the short-term market may experience fluctuations, the underlying trend remains intact due to the conviction of long-term participants. Featured iamegc created with DALL-E, Chart from TradingView

After crashing below the $115,000 territory over the weekend, Bitcoin has reached an important level that could determine where the crypto market is headed next. Eventually, it comes down to the support levels and how much buying is going on to actually counter the effects of massive sell-offs that continue to drive down the price. However, if bulls are able to hold, then it could suggest there is enough momentum behind the cryptocurrency to push for new highs. Why Bitcoin Must Hold $100,000 In an analysis, crypto and market analyst MasterAnanda has pointed to the Bitcoin price already solidifying support that could help end the downtrend. Pointing to the current market decline, the analyst explains that the price is actually only down 8% after hitting its $123,000 all-time high back on July 14. This retrace is nothing out of the ordinary, which MasterAnanda refers to as “part of the normal workings of the market.” Related Reading: Satoshimeter Shows Where Bitcoin Price Is In This Cycle The current Bitcoin price fluctuations have not raised any alarms, as corrections are expected and are needed for the price to continue to rally. As the analyst explains, such fluctuations usually see the cryptocurrency reach new higher highs over the longer timeframe. Already, there is a lot of support for the Bitcoin price above the $110,000 level. This shows that while bears are pushing down hard, buying is still soaking up the dumped supply in the market. The analyst points to this support level as important, but highlights an even more important and stronger support level lying just above $100,000. This $100,000 level has remained a psychological level since it was first hit back in December 2024, becoming the level to hold if the market were to continue its uptrend. The crypto analyst explains that as long as the Bitcoin price remains above $100,000, then the bulls will continue to be in control. Related Reading: Market Cap Not A Hindrance To XRP Price Reaching $1,000, Expert Explains Why “After a few weeks, or several months, exactly as it happened last time, Bitcoin will go up. So you can expect retraces and corrections, but this is only short-term long-term we grow,” Master Ananda stated. However, there is still the possibility that the price does fall below the $100,000 level. In this case, it would mean an invalidation of the bullish thesis, and the analyst revealed that the short and mid-term analysis would need to be revisited and updated if this happens. Featured image from Dall.E, chart from TradingView.com

The Bitcoin price surge above $120,000 has reignited speculation about where the flagship cryptocurrency stands in the current cycle. While price action alone offers only part of the picture, on-chain data from the Satoshimeter indicator suggests that Bitcoin is still firmly in the mid-phase of its cycle, pointing to significant potential ahead in its long-term trajectory.  Bitcoin Price Still In Mid-Cycle Stage Bitcoin’s climb from $100,000 to a new ATH above $123,000 has brought fresh attention to on-chain metrics used to identify the cryptocurrency’s current stage in the present market cycle. Among them, the Satoshimeter, an indicator developed by crypto analyst Stockmoney Lizard, offers a nuanced look into Bitcoin’s movements and price position.  Related Reading: Don’t Blink: 1,000 XRP Could Be The Best Move You’ve Made—Expert According to the expert’s analysis released on X social media, the Satoshimeter signaled that Bitcoin is still far from the euphoric peak zones observed in previous bull markets. Stockmoney Lizard also claimed that Bitcoin’s rally is in its mid-cycle or intermediate phase rather than the final leg of the bull cycle.   Supporting this analysis, the Satoshimeter employs on-chain metrics to map out Bitcoin’s cyclical behavior, identifying both long-term bottoms and tops. Historically, this indicator’s readings around 1.6 have typically marked major bear market bottoms, as seen in the price chart in the years 2011, 2015, 2019, and 2022. Higher values, on the other hand, previously aligned with cycle peaks and often signaled sharp corrections.  As of now, the Satoshimeter is still well below the upper extremes, signaling that the Bitcoin price is not yet in the overheated zone. The analyst’s chart illustrates this trend clearly. Each past market top is marked by a steep spike in the indicator, aligning with parabolic price action and extreme sentiment. In contrast, current indicator readings are elevated but stable, sitting in the mid-range, well below levels seen at past cycle tops. This suggests that Bitcoin’s broader bullish structure remains intact, with potential for further upside on the table.  Bitcoin To Reach $200,000 This Cycle? Based on the Satoshimeter’s current level, Stockmoney Lizards projects an extended run in the Bitcoin price. While the recent jump above $123,000 reflects growing momentum, the analyst anticipates a stair-step progression toward a potential high of $200,000 before a significant market correction sets in.   Related Reading: Crypto Disaster: Qubetics Token Crashes Nearly 100%—Possible Rug Pull This projection is based not only on the readings from the Satoshimeter indicator but also on the movements seen in prior cycles, where BTC typically moved through multiple phases of accumulation, breakout, and parabolic growth. As of writing, the flagship cryptocurrency is trading at $113,759, reflecting an 8.3% decline from its all-time high. With $200,000 set as its next peak target, this implies a potential rally of more than 75% in the current cycle.  Featured image from Unsplash, chart from TradingView

Crypto analyst Marcus Corvinus has commented on the Ethereum price crash, providing optimism about the altcoin’s recent decline. The analyst explained the current price action and suggested that this was simply a minor setback before another parabolic uptrend to new highs.  Related Reading: XRP Set To Explode? Analyst Sees $5 Surge Any Moment – Details Ethereum Price Action And ETH’s Next Targets In an X post, Marcus Corvinus said that a hidden bullish power is brewing for the Ethereum price. The analyst further remarked that ETH is playing a smarter game than Bitcoin right now. While BTC has made lower lows, Corvinus claimed that ETH has held strong with higher lows. The analyst declared that this is not just price action but strength under pressure.  The crypto analyst then highlighted what is unfolding for the Ethereum price. He noted that bearish volume has been fading since last month, which indicates that weak hands are drying out. Furthermore, Corvinus revealed that the Hidden Bullish Divergence RSI made a lower low while the price made a higher low. The analyst declared that this is a classic signal of a strong continuation setup.  Meanwhile, Corvinus stated that the Relative Strength Index (RSI) is oversold, but still, the Ethereum price managed to hold above July’s support on two retests. The analyst believes that this isn’t a coincidence, which is why he is confident that ETH will still rally higher. He explained that ETH isn’t reversing but consolidating at the top, a pattern which often ends in a breakout to the upside.  In line with this, the crypto analyst declared that the Ethereum price crash is not the end of the move but simply the calm before the next storm. He added that eyes on ETH continuation look inevitable and that his target of between $7,000 and $8,000 this cycle is still on track. According to Corvinus, the breakout isn’t a question of if but a question of when.  ETH To At Least Retest $3,000 Before Next Leg Up  In an X post, BitMEX co-founder Arthur Hayes suggested that the Ethereum price might still crash to the psychological $3,000 level before the next leg up. The crypto founder alluded to the Trump tariffs and weak US job data as the reason for this conviction.  Hayes also remarked that no major economy is creating enough credit fast enough to boost nominal GDP. As such, he doesn’t see where liquidity will come from to spark a rally for the Ethereum price or other crypto prices. The BitMEX co-founder also expects the Bitcoin price to retest the psychological $100,000 level. Related Reading: Crypto Disaster: Qubetics Token Crashes Nearly 100%—Possible Rug Pull At the time of writing, the Ethereum price is trading just below the $3,500 level, down almost 5% in the last 24 hours, according to data from CoinMarketCap.  Featured image from Unsplash, chart from TradingView

Bitcoin (BTC) is facing renewed downward pressure as it struggles to maintain levels above $115,000. At the time of writing, the cryptocurrency is trading around $115,745, down approximately 2.2% in the past 24 hours and nearly 6% below its July all-time high of $123,000. The latest market movement has raised questions about short-term price stability, particularly amid growing concerns over weak structural support in the current trading zone. Recent data from on-chain analytics platform CryptoQuant suggests that while long-term holders remain largely profitable, short-term sentiment has shifted. Related Reading: Bitcoin’s Next Big Move? Cooling Futures Market Hints at Possible Breakout Bitcoin UTXO Data Points to Changing Investor Behavior Activity among Bitcoin Unspent Transaction Outputs (UTXOs), a metric that tracks coins being spent either in profit or at a loss, indicates that many investors are beginning to react to smaller price drops, potentially signaling increased market uncertainty. In a recent analysis on CryptoQuant’s QuickTake platform, contributor Darkfost shared insights on how UTXO activity can reflect broader market sentiment. “This chart, based on UTXOs from block data, highlights the number of UTXOs spent either in profit or in loss,” the analyst wrote, noting that this approach focuses on transaction count rather than value, helping filter out price-based noise. Historically, Bitcoin has seen a dominance of UTXOs spent in profit, with patient holders benefiting from long-term appreciation. Between July 11 and 13, the ratio of profitable UTXOs compared to those spent at a loss surged above 10,000, meaning for every loss-making spend, there were over ten thousand profitable ones. However, this ratio has since declined to around 500, suggesting that some investors are now closing positions at a loss even with minor price retracements. This change, according to Darkfost, may indicate short-term selling pressure despite the overall profitable status of most holders. Weak Support Structure Adds to Downside Risk Another CryptoQuant analyst, Maartunn, highlighted structural weaknesses in Bitcoin’s recent price surge. On July 10, BTC rapidly climbed from $112,000 to $115,800, but this upward move left little on-chain support in the price range. Bitcoin Teleported from $112 to $115.8K – But There’s Thin Air Below “From a technical point of view, there’s no past resistance or consolidation that could now act as support. If this final support area breaks, price could move down quickly.” – By @JA_Maartun pic.twitter.com/a3hQoANfDc — CryptoQuant.com (@cryptoquant_com) August 1, 2025 “The move happened so quickly that no support levels were formed,” the analyst explained. “If momentum drops or sellers step in, the price could fall just as fast as it rose.” Related Reading: Bitcoin’s Calm Before the Storm? Binance Data Points to Big Shift Ahead With Bitcoin now hovering just above its last known on-chain support zone, analysts caution that a failure to hold this level could accelerate the decline. Featured image created with DALL-E, Chart from TradingView

Bitcoin (BTC) is navigating a period of heightened uncertainty as its price struggles to regain upward momentum following recent declines. Over the past 24 hours, the world’s largest cryptocurrency recorded a dip to $114,326 before slightly recovering above the $115,000 mark. Despite this rebound, the asset remains under pressure, with recent market movements highlighting potential shifts in trader sentiment and long-term holder behavior. Data shared by market analysts indicates that derivatives activity is playing a significant role in current price fluctuations. Insights from the analytics platform CryptoQuant suggest that sudden changes in leveraged positions and aggressive selling pressure on major exchanges are contributing to the ongoing volatility. At the same time, on-chain data shows an increase in activity from long-term Bitcoin holders, suggesting a structural change in the market that may influence future price dynamics. Related Reading: Bitcoin New Investor Dominance Rises – No Signs of Mass Profit-Taking Yet Leveraged Positions Under Pressure on Major Exchanges According to a recent analysis by CryptoQuant contributor Amr Taha, Bitcoin’s decline below $115,000 coincided with a notable reduction in open interest on Binance, dropping from $14 billion to under $13.5 billion in a short span. This 4% decline in open interest within a single day is often linked to liquidation events, where leveraged positions are closed automatically due to margin calls. Taha explained that many traders appear to have exited long positions as the price fell, potentially triggering a cascade of sell orders and amplifying market pressure. Net Taker Volume on Binance also turned sharply negative, nearing -$160 million, suggesting an increase in aggressive selling activity. This trend reflects fear-driven reactions among market participants, particularly retail traders, who may have chosen to close or reverse positions amid expectations of further price declines. Despite this wave of selling, Taha noted the possibility of a short-term rebound. A reduction in leveraged long positions combined with an increase in short exposure could create conditions for a market rebalancing or a short squeeze if selling pressure eases in the coming days. Dormant Bitcoin Wallets Show Signs of Major Reallocation In addition to short-term derivatives market dynamics, other analysts are pointing to broader structural changes in Bitcoin’s investor base. CryptoQuant analyst OnChainSchool highlighted that in 2024, more than 255,000 BTC previously inactive for over seven years were reactivated. In 2025, this trend has continued, with over 215,000 BTC already moving within the first several months of the year. The average monthly movement of long-dormant coins has risen from 4,900 BTC in 2023 to over 30,000 BTC in 2025. Transaction sizes have also grown significantly, from around 162 BTC to over 1,000 BTC per transfer. According to OnChainSchool, these patterns indicate that large-scale holders, rather than retail investors, are reallocating capital on a scale not seen in previous cycles. The analyst suggested that beyond price fluctuations, these shifts may have long-term implications for market liquidity and Bitcoin’s future ownership distribution. Featured image created with DALL-E, Chart from TradingView

Bitcoin (BTC) has continued to face resistance below the $120,000 level, with price action showing little momentum to push the asset toward a new high. At the time of writing, the world’s largest cryptocurrency is trading above $118,000, reflecting a slight pullback of around 3.6% from its most recent all-time high. With the asset still in a tight range, investors are watching whether Bitcoin can establish a breakout or if a price correction is more likely in the near term. Meanwhile, recent on-chain analysis has highlighted an area of potential concern in Bitcoin’s price history that may point to a retest of lower levels before further upward movement. Related Reading: Bitcoin Overheating Signals Easing – Is A Second-Half Rally Ahead? Analyst Highlights “Unrealized Gap” in Bitcoin’s Price Movement According to data shared on CryptoQuant’s QuickTake platform, the $111,000–$115,000 range remains an untested zone that could see renewed activity in the future, despite broader market optimism. CryptoQuant contributor and on-chain analyst CryptoMe has identified what he calls a “gap” in Bitcoin’s recent trading behavior. The analyst noted that between July 9 and 14, Bitcoin experienced a rapid rally from $110,000 to $123,000 without significant trading activity in the $111,000–$117,000 range. On-chain data during that period reportedly showed limited retail participation, with most buying pressure coming from institutional players. “This rapid upward move created a visible gap in the UTxO histogram,” CryptoMe explained, adding: Few transactions occurred in that range, meaning unrealized outputs were not established. Historically, such gaps have often been revisited by the market, filling those levels over time. The analyst also mentioned that part of the gap has already been addressed with price action touching $115,000–$117,000 in recent sessions, but the lower section around $111,000 remains unfilled. Historical Patterns Suggest Possible Retest of $111K Drawing from Bitcoin’s 16-year price history, CryptoMe pointed out that similar scenarios have occurred before. For instance, in 2024, Bitcoin skipped the $70,000–$80,000 range on its way to $110,000 but eventually revisited and filled that gap. Related Reading: $141,000 Could Be Next Key Bitcoin Resistance If Price Breaks Higher, Report Says Based on these recurring patterns, the analyst believes the $111,000 level may see a retest, even in a generally bullish environment. “What remains uncertain,” CryptoMe said, “is whether this will happen as a direct drop from current levels or after a further climb, potentially toward $140,000, followed by a correction.” The analyst advises market participants to consider the possibility of a pullback when planning their risk exposure and leverage positions, noting: But either way, I believe the gap will be filled! So investors should know that, even in this bullish environment, a pullback toward 111k is still possible, and they should adjust their positions, leverage, and risk levels accordingly. Featured image created with DALL-E, Chart from TradingView

Coinbase (COIN) shares experienced a decline on Thursday after the cryptocurrency exchange reported second-quarter revenue that fell short of analysts’ expectations, according to CNBC.  Weaker Trading Volumes Impact Coinbase For the period ending June 30, Coinbase reported a net income of $1.43 billion, or $5.14 per share, a significant rise from just $36.13 million, or 14 cents per share, in the same quarter the previous year.  This growth was largely driven by a $1.5 billion gain from its investment in Circle (CRCL) and an additional $362 million from its crypto investment portfolio. On an adjusted basis, the company earned $1.96 per share, surpassing estimates of $1.26, according to LSEG. Related Reading: JPMorgan, Coinbase Forge Historic Pact For Direct Bank-Crypto Wallet Integration By 2026 However, total revenue slightly increased to $1.5 billion, up from $1.45 billion a year ago, yet it still fell short of the anticipated $1.6 billion. Transaction-related revenue totaled $764 million, which missed StreetAccount’s estimates of $787 million. As a result, shares fell 6% in after-hours trading. Analysts had predicted a weaker second quarter following a period of market enthusiasm in the first quarter, when traders were optimistic about potential regulatory improvements from the Trump administration.  As attention in Washington shifted towards tariffs, speculative trading by retail investors declined across centralized crypto exchanges (CEXs). Nonetheless, inflows into crypto exchange-traded funds (ETFs) and purchases by treasury companies helped sustain market prices. Short Of Analyst Expectations Coinbase did report a 16% year-over-year growth in retail trading volume, reaching $43 billion. However, this was below the $48.05 billion expected by analysts.  The company’s subscription and service offerings, which encompass stablecoins, staking, interest income, and custody services, experienced a 9% increase from the previous year, totaling $655.8 million. This figure was also below analysts’ projections of $705.9 million. Revenue from stablecoins, a key theme in the crypto market during the second quarter, came in at $332.5 million, closely aligning with estimates of $333.2 million. This represented a substantial 38% increase compared to the same period last year and a 12% rise from the first quarter.  Related Reading: Chainlink Acknowledged By The White House As Key Player In Crypto Infrastructure The surge in stablecoin interest was partly fueled by the successful June IPO of Circle, the issuer of the USDC stablecoin. Coinbase benefits from a revenue-sharing agreement with Circle, allowing it to retain 100% of the revenue generated from USDC held on its platform and approximately 50% of revenue from USDC on other platforms. Despite the challenges in trading volumes, the company announced plans to broaden its services beyond cryptocurrencies, introducing tokenized real-world assets, derivatives, prediction markets, and early-stage token sales, starting with US users. Year-to-date, Coinbase shares remain up more than 50%, outperforming the S&P 500 benchmark, which the stock joined in May. As of this writing, COIN closed the trading day at $377. Featured image from DALL-E, chart from TradingView.com