Solana (SOL) has staged a recovery after testing support at $195, with traders closely watching the $205–$215 resistance zone. A decisive break above this level could open the door for a surge toward $225 and beyond. Related Reading: Bitcoin Mirrors Historical Pullback Ranges – Healthy Correction Or Trouble Ahead? Analysts highlight that technical signals are aligning with renewed buying pressure from whales and “shark” wallets, suggesting confidence in Solana’s medium-term trajectory. Despite volatility in August, Solana’s price has held above the critical $183–$190 range, forming a base for potential upside. Futures trading volumes exceeding $50 billion further underscore the renewed investor interest. Analysts argue that if momentum continues, Solana could push toward $250 before testing the psychological $300 mark. Alpenglow Upgrade Fuels Institutional Confidence The biggest catalyst behind Solana’s bullish narrative is its Alpenglow upgrade, a game-changing overhaul that has transformed network performance. Block finality has been slashed to 100–150 milliseconds, while throughput now exceeds 107,000 transactions per second (TPS), outpacing Ethereum and even legacy systems like Visa. Key innovations include Votor, an off-chain validation process that reduces bottlenecks, and Rotor, a stake-weighted relay system that cuts latency by 40%. Together, they solve long-standing institutional pain points around speed and reliability. Validator costs have also dropped dramatically, from $60,000 annually to just $1,000, improving decentralization while opening the door for high-frequency trading, tokenized settlements, and real-time DeFi applications. For institutions, the 20+20 resilience model, ensuring operations continue even with 40% validator failures, cements Solana’s reputation as a Nasdaq-grade blockchain infrastructure. With 99.6% validator approval, the upgrade positions Solana as one of the most robust and cost-efficient blockchains available. SOL's price trends to the upside on the daily chart. Source: SOLUSD on Tradingview Whale Accumulation and Solana Path to $300 Institutional flows are echoing the bullish momentum. Galaxy Digital recently moved $103 million worth of SOL to Coinbase, sparking speculation about shifting strategies. Meanwhile, hedge funds like Pantera Capital are preparing fresh allocations into Solana’s ecosystem, reinforcing confidence in its long-term growth. At the same time, “shark” wallets have quietly accumulated at key support levels, reflecting strong conviction in Solana’s long-term growth. Analysts caution that failure to clear the $215 resistance could trigger a retest of the $190 zone, but consensus remains that a breakout is likely if accumulation continues. Related Reading: Dogecoin Bull Run Could Start On September 13, Analyst Predicts A sustained move above $215 could open the path toward $250, $295, and ultimately $300. Still, risks remain, dropping below $195 may expose the price to deeper retracements near $188 or lower. Cover image from ChatGPT, SOLUSD chart from Tradingview
The decentralized exchange (DEX) market has just reached a historic milestone, with over $1.15 trillion in volume processed during August. DefiLlama data shows this is the first month where combined spot and perpetual contract volumes have exceeded $1 trillion in monthly activity. Spot DEX volumes hit $506B in August, while perpetual contract volumes rose to over $648B, reaching an all-time high for this category. The DEX market remains strong as Web3 becomes more accessible, thanks to apps like Best Wallet. Best Wallet provides an easy way to convert fiat via a mobile app, along with integration with multiple DEXs for a smooth crypto experience. We’ll discuss why the $BEST token is the best way to buy and sell crypto through the Best Wallet app, but first, we’ll take a closer look at the DEX market. Which DEXs are Seeing the Most Volume? Uniswap remains the top spot DEX with over $143B in total volume processed during August, accounting for 28.2% of the month’s total spot volume. PancakeSwap is in second place with nearly three times less volume at $56.6B, while HyperLiquid ranks third with $21.7B. The increase in spot volume raised the DEX-to-CEX trading ratio to 17.2% in August, indicating a growing interest in token swaps done entirely on-chain. The DeFi market cap now stands at $160 billion and continues to grow as more users join the DeFi space. Best Wallet is set to take advantage of a strong DEX market, beginning to compete with institutional CEXs. Let’s learn more about how Best Wallet ($BEST) makes integration with DEXs easier. Best Wallet – A Cross-Chain Wallet Built for the Mobile-First Generation Best Wallet Token ($BEST) is Best Wallet’s official token, a mobile-first crypto wallet that works across multiple blockchains with native DEX support. Best Wallet surpasses older wallets like MetaMask by consolidating your entire crypto portfolio into one app, reducing the need to switch between different blockchains such as Ethereum and Solana. It also gives you access to an exclusive token launchpad to participate in presales for upcoming crypto projects before they are available on CEX and DEXs. Regarding security, Best Wallet employs Fireblocks MPC-CMP to protect your wallet from crypto theft. It’s easy to back up your wallet to the cloud within the app and restore it whenever needed. If you’re interested, you can try it out yourself – Best Wallet is already available on Google Play and the Apple App Store. Best Wallet improves with $BEST. It lowers your transaction fees when swapping crypto, lets you vote on new blockchain support from the Best Wallet DAO, and gives you early access to exclusive new presale tokens before they’re more widely available. There are attractive staking rewards available if you buy $BEST now. You can stake and earn returns of up to 86% annually. Act quickly, as over $15.4 million worth of $BEST has already been reserved during the presale, pushing prices up to $0.025575. We also created a helpful guide on how to purchase $BEST. Purchase $BEST today before the presale ends. What’s Next For DEXs The rise in decentralized exchange (DEX) volume indicates a growing demand for token swaps and leveraged crypto trading, particularly in perpetual futures. Any cryptocurrency project that can reduce the barriers to entry for the DEX market is likely to be quickly embraced by users eager to take advantage of a thriving market, especially those who might be unsure of how to begin. That’s why we’re so excited about $BEST. As the official token of Best Wallet, it’s expected to benefit significantly from a larger DEX market by allowing users to reduce their crypto swap fees. All crypto products are volatile. Make sure to always do your own research before investing and only invest what you’re prepared to lose. This article is not financial advice. Authored by Aaron Walker, NewsBTC – www.newsbtc.com/news/dex-volume-hits-one-trillion-monthly-mark-big-for-best-wallet
As the crypto market continues to struggle, Ethereum (ETH) is attempting to hold a crucial zone as support to resume its bullish rally. However, some analysts suggest that the cryptocurrency will see another choppy September before the long-awaited Q4 run. Related Reading: Ethereum Demand Stays Strong As Exchange Reserves Keep Falling – Details Ethereum Party To Be Delayed? Amid the recent market correction, Ethereum closed August around the $4,390 area, recording its highest monthly close since November 2021. The end-of-month market pullback sent the King of Altcoins’ price to the $4,250 area before bouncing, a 14% drop from its recent all-time high (ATH) of $4,956. The cryptocurrency began the new month attempting to reclaim the $4,500 level as support for the third consecutive day, but failed to hold this crucial area, dropping below its monthly opening. Market watcher Cipher X highlighted that ETH has historically seen mixed performances throughout September, with more red than green price action and an average negative monthly return of 6.1%. According to CoinGlass data, Ethereum has seen double-digit negative returns five times since 2016, losing 21.65% in 2017. Meanwhile, it has only recorded a positive return in the double-digits once, with a 14.53% performance in 2016. Nonetheless, the market watcher noted that if the altcoin’s performance stumbles this month, “history suggests the real rebound could come right after.” Notably, October and November have historically been green months for ETH, with an average return of 4.7% and 7.8%, respectively. “September might be choppy but the months that follow have usually been much friendlier to ETH,” the analyst affirmed. Similarly, Bitfinex suggested that “September could mark the cyclical low point before structural drivers reassert for a Q4 recovery.” In a Monday report, the crypto exchange explained that they expect the broader market pullback to conclude relatively soon, adding that, despite the recent sell-off, institutional accumulation of ETH remains robust, while only 18.3 million ETH currently sit on exchanges. ETH Q4 Take Off Eyes New Highs Michaël van de Poppe underscored ETH’s performance, affirming that Ethereum is “on its way toward a beautiful spot to accumulate before Q4 is ready to take off.” According to the analyst, the cryptocurrency could see a 10%-20% correction this month to the $3,900-$3,400 range, which served as an accumulation zone before the August breakout. Daan Crypto Trades highlighted that ETH has been hovering between $4,300-$4,500 over the past week, consolidating in the mid-zone of its local range. The analyst warned that the lack of momentum at the start of the month could see the cryptocurrency retest the range lows, where the 200-Day Moving Average (MA) and Exponential Moving Average (EMA) are situated in the 4-hour chart. However, he noted that breaking out and consolidating above the local range would lead to higher levels and into its price discovery phase. Related Reading: Dogecoin Price Risks Crash Below $0.1, But Can Bulls Facilitate This 800% Rally To $1.82 First? Meanwhile, market watcher Merlijn The Trader affirmed that Ethereum has entered the expansion phase as the $4,000-$4,100 zone has been retested as support throughout the recent pullbacks. Per the post, the multi-year trendline has been turned from resistance into a launchpad that will propel the cryptocurrency’s price to the $7,000 level once the breakout begins. As of this writing, Ethereum is trading at $4,268, a 4% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
World Liberty Financial, a decentralized finance (DeFi) platform supported by President Donald Trump, has officially launched its native token WLFI. Although the debut of WLFI marks a significant step for the Trump family, its initial performance has been lackluster compared to the anticipation it garnered in recent weeks. WLFI Token Faces 12% Decline According to CoinGecko data, the WLFI price had already seen losses of up to 12% by the time of writing. It is attempting to consolidate at the $0.24 mark, which could be the cryptocurrency’s first support line for the rest of the week. Upon launch, WLFI reached a high of $0.33 and a low of $0.23 earlier on Monday’s trading session. This represents a nearly 25% gap from the current trading levels and the recently established all-time high for the World Liberty Financial token. Related Reading: XLM Battles $0.45 Resistance Again: Is This the Breakout That Finally Sparks a Run to $1? Donald Trump Jr., the eldest son of President Donald Trump, took to social media platform X to defend the token’s legitimacy, stating, “This isn’t some memecoin; it’s the governance backbone of a real ecosystem changing how money moves. Freedom + finance + America FIRST.” World Liberty Financial was established last October, with Donald Trump serving as “co-founder emeritus” alongside his three sons. The company initially created 100 billion WLFI tokens, of which about a quarter were sold for a face value of $550 million. However, these tokens were not initially tradeable and could only be used for voting on corporate matters within the company. A vote last month permitted the tokens to be traded, allowing for a nominal total market value of around $6.4 billion based on the current price. In the initial trading phase, 24.7 billion WLFI tokens are set to be available, which includes 7.8 billion tokens earmarked for a newly announced “crypto treasury” company in collaboration with ALT5 Sigma, a Nasdaq-listed fintech company. Critics Raise Conflict Of Interest Concerns Financial disclosures reveal that Donald Trump held approximately 15.75 billion WLFI tokens at the end of last year, which, at the current trading price, would be valued approximately $3.6 billion. However, the Trump family’s involvement in the sector has drawn criticism among Democrats. Senator Elizabeth Warren raised concerns in an April letter, arguing that the Trump family’s financial interests in World Liberty Financial create a conflict of interest that could influence regulatory decisions in favor of cryptocurrency. Related Reading: XRP Price Action Turns Bearish, Analyst Says Crash Below $1 Is Coming Earlier this year, the company also launched a stablecoin named USD1, pegged to the dollar, with a total nominal value of $2.7 billion. The head of crypto market maker DWF Markets, Andrei Grachev, who is also an investor in WLFI, announced plans to shift $250 million of reserves into USD1. Featured image from NBC, chart from TradingView.com
The crypto market succumbed to a significant amount of bearish pressure starting on Thursday, August 28, with most large-cap assets tumbling to new lows on Friday, August 29. The price of Bitcoin, the world’s largest cryptocurrency by market capitalization, fell to a new low of $107,850 at the start of the weekend. Unsurprisingly, the latest data shows that this latest price decline seen across the digital asset market could have been predicted. This conclusion is based on recent crypto activity on the world’s largest search engine, Google. Is The Crypto Bull Cycle Over? In an August 29 post on social media platform X, Alphractal founder and CEO Joao Wedson revealed that crypto-related searches on Google have surged to new highs in recent days. According to the on-chain data expert, this recent spike in Google searches suggests that Bitcoin and the broader crypto market might have reached a new local top. Related Reading: Bitcoin Price Plunge Sparks Outrage: Binance Targeted For Alleged Market Manipulation This revelation is based on the Google Trends chart, which allows investors to assess the social engagement of different crypto-related topics on the search engine. As shown in the chart below, the metric compares various subjects, including cryptocurrency, Bitcoin, altcoins, centralized exchanges, and data aggregation platforms. As observed in the highlighted chart, the Google Trends metric recently witnessed a significant surge, suggesting increased public attention across multiple crypto topics. According to Wedson, spikes of this kind have historically coincided with whales entering the market to sell while “everyone is obsessed.” Moreover, the cryptocurrency market has often shown in the past its tendency to move in the crowd’s opposite direction. These trends explain the price decline witnessed by most digital assets in the past few days, as the market has seemingly reached a new local top. Wedson, however, noted that other on-chain signals say that the latest euphoria-driven market downturn doesn’t necessarily spell the end of the current bull cycle. “Think back to BTC hitting $124K—euphoria peaked online, whales sold aggressively, and we went short,” the Alphractal founder added. Wedson then advised investors to exercise caution when euphoria hits the crypto market, as it could hint at the imminence of a local top. The crypto analyst said that a better strategy would be to smartly exit the market at a high price and reenter at a cheaper rate later. Total Crypto Market Cap At $3.7 Trillion As of this writing, the total crypto market capitalization sits just above $3.7 trillion, reflecting an almost 4% decline in the past day. According to data from TradingView, more than $142 billion has been drained out of the crypto market in the last 24 hours. Related Reading: Bitcoin’s Next Stop $183K? On-Chain Data Points to Explosive Cycle Peak Featured image from Shutterstock, chart from TradingView
Bitcoin fell to its lowest levels since July 8 after Wall Street opened on Friday, with prices sliding and traders scrambling to reassess short-term plans. According to CoinGlass, 24-hour crypto liquidations neared $540 million as selling pressure intensified on major exchanges. Related Reading: A New Vision For Money: Hoskinson Predicts Bitcoin Will Hit $10 Trillion Whales And Exchange Distribution Pressure Based on reports from market watchers, heavy selling by large holders helped push the drop. Distribution on Binance was highlighted by traders as a key factor that worsened losses. Bitcoin lost nearly 5% on the day, and some large accounts were linked to the wave of sales that triggered stop orders and quick exits. Popular trader Daan Crypto Trades pointed to a “key reversal zone” around recent ranges and consolidation levels. Some experts had similar price levels on his radar, noting that Bitcoin failed to turn $112,000 into support. Other voices in the market flagged $114,000 as an important weekly close threshold for bulls. Bullish RSI Divergence Keeps A Sliver Of Hope Technical watchers found one bright spot. According to crypto commentator Javon Marks, the four-hour chart still shows a bullish RSI divergence — a pattern where the RSI makes higher lows while price makes lower lows. That setup can hint at an early reversal. $BTC Good area to keep watching. Right on top of the previous range & consolidation area. https://t.co/WEaG2IF6nV pic.twitter.com/Y7RftSqDio — Daan Crypto Trades (@DaanCrypto) August 29, 2025 Marks argued Bitcoin could stage a rebound. He suggested a move back toward $123,000 is possible, which would be roughly a +14% jump from current levels. That projection is optimistic, and it rests on momentum flipping quickly in favor of buyers. Macro Data, Seasonal Weakness Add Headwinds Seasonality and macroeconomic data added pressure. September has historically been one of Bitcoin’s weaker months, and investors were watching US inflation readings closely. The Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures index, matched expectations and showed signs of an inflation rebound. Still, the CME Group’s FedWatch Tool showed markets pricing in rate cuts in September, a factor that could help risk assets like crypto if it holds. Related Reading: Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock Range Bound For Now, Traders Watch $112,000–$114,000 Reports have disclosed that traders are focused on a narrow set of price markers. If Bitcoin can reclaim $112,000 and hold a weekly close above $114,000, bulls would gain breathing room. If those levels fail, more downside is possible and short-term traders could face further liquidations. For now, the market looks tight. Some technical signals point to a rebound, but macro data and big sellers are keeping the mood cautious. Traders and investors alike are watching both price action and economic prints closely as the US heads toward key data and the Fed decision window on Sept. 17. Featured image from Unsplash, chart from TradingView
BitMine Immersion Technologies saw its stock sink nearly 8% this week, yet that didn’t stop Cathie Wood’s ARK Invest from pouring another $15.6 million into the company. Related Reading: A New Vision For Money: Hoskinson Predicts Bitcoin Will Hit $10 Trillion The latest move comes during a period of heightened volatility in both equities and crypto markets. ARK Expands Its Holdings According to ARK’s trading disclosures on August 27, the firm bought 339,113 BitMine shares spread across three ETFs. The ARK Innovation ETF acquired 227,569 shares valued at a little over $10 million, while the Next Generation Internet ETF added 70,991 shares worth $3.27 million. The Fintech Innovation ETF purchased another 40,553 shares for $1.87 million. Despite this fresh round of buying, BitMine shares ended the day at $46 before sliding 7.80% in extended trading. Cathie Wood and Ark Invest bought 339,113 shares of Tom Lee’s $BMNR today pic.twitter.com/G9SQY02rDg — Tom Lee Tracker (@TomLeeTracker) August 28, 2025 Ethereum Strategy Draws Institutional Attention BitMine’s pivot from Bitcoin mining to an Ethereum-focused treasury earlier this summer has transformed the firm into a major corporate player in crypto. Its balance sheet now holds 1,714,000 ETH, worth about $8.20 billion, alongside 192 Bitcoin and $562 million in cash. That makes BitMine the world’s largest corporate holder of Ethereum. Billionaire investor Peter Thiel has also taken a 9% stake, adding more weight to the firm’s rapid rise. According to latest data, the company’s strategy has fueled sharp price movements in its stock. After surging more than 3,000% to a record high of $135 in early July, shares remain up more than 400% year-to-date despite recent pullbacks. Massive Equity Offering Fuels Expansion Reports have disclosed that BitMine dramatically expanded its fundraising plans. On August 12, the company filed to boost its at-the-market equity offering from $2 billion to $24.5 billion, a move led by Cantor Fitzgerald and ThinkEquity. Observers say the new funds will give BitMine more firepower to build its Ethereum position. Analysts projected strong gains for Ethereum, predicting $5,500 in the near term and as high as $12,000 by year-end. If those targets materialize and BitMine pushes toward its 5% supply goal, the company could one day rival Michael Saylor’s Strategy in scale. Related Reading: Dogecoin Gears Up For Triple Surge Vs. Bitcoin – Details A New Corporate Champion For Ethereum? Social media reaction has been quick to frame BitMine as Ethereum’s version of Strategy — a corporate vehicle for institutional exposure to the asset. ARK’s growing position, surpassing $200 million this summer, only strengthens that concept. Yet the risks are just as visible. BitMine’s share price swings highlight how concentrated bets can move violently, even with billions of dollars on the balance sheet. Featured image from Meta, chart from TradingView
American Bitcoin, partially owned by Eric Trump and Donald Trump Jr, targets a September public debut on the Nasdaq, according to Hut 8 CEO, Asher Genoot. The announcement came from an interview with Reuters during the Bitcoin Asia conference in Hong Kong, with Genoot stating that Hut 8, Eric, and his brother Donald will own 98% of the entity. The new company will retain the name of American Bitcoin and trade with the ticker ABTC. According to Genoot, the Trump brothers found it more advantageous to create and list the company, rather than go for a public IPO, which would give it access to multiple financial avenues anyway. A September listing for American Bitcoin would rally up the market and bring more eyes to the crypto sector, with mining-based projects like Pepenode ($PEPENODE) potentially seeing massive long-term gains. American Bitcoin on the Path to Becoming the Largest Bitcoin Miner American Bitcoin plans to become one of the largest Bitcoin-centric entities in the world, hoarding $BTC from both mining and buying. The company already holds 215 $BTC, according to a June 2025 disclosure. Hut 8, meanwhile, is ranked 12th out the top 100 public Bitcoin Treasuries globally, with a reserve of 10,667 $BTC, based on Bitcoin Treasuries data. And it’s aiming even higher. Crypto exchange Gemini founders – the Winklevoss twins – also invested an undisclosed amount in American Bitcoin, followed by a $21M donation to the Digital Freedom Fund PAC in an effort to support the US President’s pro-crypto agenda. American Bitcoin’s September listing should finalize after the company’s merger with Gryphon Digital Mining reaches closing; at this point, the latter will have a 2% holding. Eric and Donald Trump Jr will hold 18% of the new company, with Hut 8 being the majority owner at 80%. American Bitcoin’s Nasdaq listing coincides with the rapid advancements in the GENIUS Act’s implementation process, which is set to ramp up after October. Together, these events will likely stir the market enough to fuel the coming altcoin season, which will see projects like Pepenode fire up. Pepenode ($PEPENODE) – The First Presale That Enables You to Mine Coins Virtually Pepenode ($PEPENODE) is a meme coin that offers a unique gamified mine-to-earn experience. In other words, it gives you the chance to mine meme coins in your own virtual mining rig without having to upgrade your system or experience spicy electricity bills. It all happens in the Pepenode ecosystem, where you buy nodes and facilities to build that virtual mining rig. The rig comes with a data-rich dashboard, highlighting info like rewards, hashrate, and progress to help you adjust its parameters accordingly. More importantly, the earlier you kickstart your mining machine, the higher the rewards, because early nodes mine use a higher hashrate. This creates an incentive to join the project as early as possible, along with the meaty $3,543% dynamic APY reward for stakers. Moreover, the referral program also offers 2% of whatever your referred address mines, further incentivizing organic growth and investor participation. $PEPENODE is available for the presale price of $0.0010325, which means you can buy a sizable stack with a minimal investment. As a side note, the presale just started, and it’s already performing above expectations, with $484K+ raised to date. If Pepenode looks right up your alley, visit the official Pepenode presale website today. Could America Bitcoin’s Nasdaq Listing Kickstart the Alt Season? America Bitcoin’s Nasdaq listing is likely to kickstart the beginning of the alt season indirectly, by virtue of fueling up Bitcoin. This, combined with Trump’s GENIUS Act – already in its implementation phase – and the growing institutional support, could well push Bitcoin into another ATH run. When that happens, Pepenode ($PEPENODE) is likely to see a surge in investor interest, thanks to its innovative approach to the idea of a gamified experience during presale. Remember, though, this isn’t financial advice. Do your own research and invest wisely.
Raoul Pal says two of crypto’s most-watched legacy altcoins—XRP and Dogecoin—are coiling for their next act. In a new X thread framed as “the Crypto Waiting Room,” the Real Vision and GMI co-founder argues that a broad swath of the market is consolidating before another leg higher, with capital already “full ported” into Ethereum and rotation risk building for assets lower down the stack. XRP And Dogecoin Are In The ‘Waiting Room’ “Let’s talk about the Crypto Waiting Room… many key parts of the crypto ecosystem are in the waiting room ready to launch,” Pal wrote, opening a chart-dense series that he says draws on Global Macro Investor’s probabilistic framework. He placed Total3—the market excluding Bitcoin and Ethereum—“ready to launch from the waiting room,” while stressing that “OTHERS (Outside of Top 10… purest form of Alts season where all shit rises) [is] still in the waiting room but longer to launch.” Related Reading: XRP Holds Golden Retrace At $2.90: Wave 3 Breakout To $5.4 In Sight He added, “ETH… Full Port. SOL… next to leave the waiting room… Sui in the waiting room, will follow SOL.” He was explicit on the two crowd favorites: “DOGE – in the waiting room. Will full port when OTHERS does…” and “XRP… in the process of Full Porting…” Pal’s “waiting room” metaphor is shorthand for a market structure he says rhymes with past cycles: liquidity first concentrates in the highest-quality, most institutionally accepted assets, then rotates down the risk curve as momentum broadens. “People need to learn patience. The path is clear… but never, ever expect tick for tick perfection. It’s the pattern that counts,” he cautioned with regards to the infamous M2 money supply chart, emphasizing that GMI’s approach is to seek “rhythm and rhymes of markets” rather than one-for-one chart overlays. “As ever, at GMI we are working with probabilistic frameworks and contextualisation… we use a framework of around 1,000 key charts which we then simplify and simplify.” The macro pillar of the thesis is liquidity. “The rate of change is only going to rise in the key metric of Total Global Liquidity… US, EU, China and Japan all need to roll debts,” Pal wrote, calling that confluence “an absurdly bullish backdrop, along with the reg changes, DAT’s and sovereign accumulation along with Wall Street acceptance.” In his timeline, the current crypto cycle “extends into Q1 2026 and possibly Q2 2026 due to slow business cycle forcing more liquidity for longer.” Or, as he put it more colloquially: “wen banana? We’ve been in it since Aug 2024 and the acceleration phase lies ahead.” Technically, the “waiting room” framing aligns with what long-horizon charts of XRP and Dogecoin have been telegraphing. Multi-year weekly structures on both assets show a repeating cadence of broad, descending consolidations that ultimately resolve into impulsive upside, followed by new, tighter coils beneath prior cycle highs. Related Reading: XRP Whales Unload Massive Bags: Distribution Or Trap? The current phase features exactly that kind of triangular compression: XRP’s post-spring surge has bled into a small symmetrical triangle under its 2025 peak, while Dogecoin’s 2021–2024 falling channel gave way to a higher base that is now narrowing into a wedge. Pal’s point is not that breakouts are guaranteed or imminent on a given candle, but that the setup is consistent with earlier “pre-rotation” conditions. The investor also invoked cycle analogs without over-promising precision. “And it looks similar to 2017…” he noted, before repeating that GMI is “not looking for perfect matches.” The probabilistic takeaway, he said, is that the market remains in an expansionary regime, with breadth likely to improve as non-BTC/ETH segments clear their bases. “The only question is… will your bags go up or do you have the wrong allocation? That is up to you my friends. Buy the ticket, take the ride.” At press time, XRP traded at $2.84. Featured image created with DALL.E, chart from TradingView.com
Solana (SOL) is attempting to reclaim a strong resistance zone for the fourth time, which has led some investors to suggest that the rally won’t last long. Nonetheless, on-chain data suggests that SOL’s next leg up could be starting. Related Reading: XRP Shows Strength Amid $3 Retest, But Analyst Warns Of Potential Correction Solana Breaks Out Of Triangle Pattern On Thursday, Solana hit a six-month high of $216 after breaking out of one of its most crucial resistance zones. The cryptocurrency bounced 16% from Monday’s lows and reclaimed the $200 barrier as support on Wednesday, closing the day above this area. SOL briefly reclaimed this level during the early August breakout, but the recent market corrections dragged its price to the $175-$195 area. Amid Thursday’s rally, market watcher Daan Crypto Trades highlighted its performance, asserting that it is “at an interesting spot.” The trader explained that Solana is trading in a multi-month rising wedge pattern, currently nearing the resistance level that has held over the months. Notably, the cryptocurrency has been rejected from the pattern’s upper boundary multiple times since July, retesting the ascending support line on each occasion. Supporting SOL’s case, Daan argued that it has “been strong on the back of treasury vehicles being spun up and potential upcoming buying + frontrunning,” noting that “rising wedges are generally leaning bearish but in bull markets it’s nothing new for these to break towards the upside instead.” Based on this and the cryptocurrency’s recent performance, he forecasted that it would reach higher levels later this year. Similarly, analyst Ali Martinez pointed out a six-month ascending triangle pattern on the altcoin’s chart, which targets the $360 area. Solana retested the pattern’s resistance three times over the past month and a half, but ultimately failed to turn the $205-$207 zone into support. As the altcoin pushed past the $210 mark, the analyst raised the question of whether the ongoing breakout attempt will be successful or if SOL’s rally would be short-lived for the fourth time. Fourth Time’s The Charm? Martinez shared multiple technical indicators that suggest Solana could finally break out of this pattern and aim for the long-awaited $300 barrier. The analyst explained that the backdrop of social sentiment and on-chain positioning differentiate the current price move from the previous attempts. Unlike the previous breakout attempts, sentiment across the community is more subdued. “Historically, euphoric sentiment above the ‘230’ index level coincided with local tops, as excessive optimism preceded retracements,” he detailed. According to the analyst’s chart, sentiment is muted this time, which suggests “skepticism rather than crowded bullish positioning.” Additionally, around $1 billion in realized profits have been booked after the surge to $212, signaling that some traders likely remain unconvinced that momentum will hold during this attempt. He also highlighted that there are significant accumulation zones below $207, with multiple support zones between $165 and $206, providing a strong base to continue rallying, which contrasts with the lack of resistance above the $212 area. Related Reading: Cardano Retests Key Support As SEC Delays ETF Decision – Is An October Rally Brewing? “If buying pressure builds, the path toward $300 is comparatively less obstructed,” Martinez affirmed, adding that Solana’s fundamentals, including the proposed Alpenglow consensus upgrade, may also add fuel to the breakout. “With skepticism still present, strong accumulation below $207, and little resistance overhead, this attempt has a higher probability of succeeding compared to prior failures. A confirmed breakout above $212–$215 on sustained volume would shift focus to the $300 target zone,” he concluded. As of this writing, Solana is trading at $212, a 17% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
115 crypto companies, investors, and organizations have come together to urge the US Senate to incorporate explicit protections for open-source software developers and non-custodial service providers in upcoming market structure legislation. This coalition, spearheaded by the DeFi Education Fund, includes high-profile supporters such as Coinbase, a16z crypto, and Ripple, all emphasizing the need for regulatory clarity that fosters innovation rather than stifling it. Historic Letter From Crypto Leaders The letter, signed by 115 key players in the crypto ecosystem, underscores a collective commitment to preserving the rights of those who build the digital financial landscape. It states: We speak to Congress with one voice: provide robust, nationwide protections for software developers and non-custodial service providers in market structure legislation. Without such protections, we cannot support a market structure bill. Related Reading: Spot Ethereum ETF Inflows Flip Bitcoin Once Again, Will ETH Outperform BTC? The signatories highlight the historical advantages the US has enjoyed in software development, which have led the nation to the forefront of technological innovation over the past five decades. They argue that to maintain this leadership in the digital financial era, legislation must recognize the crypto market’s blockchain technology as neutral infrastructure. Furthermore, they assert it should ensure that crypto developers and service providers are not subjected to outdated regulatory frameworks designed for traditional finance. Calls For Legislative Protections The letter also points to troubling statistics: the share of open-source software developers in the US has declined from 25% in 2021 to a projected 18% in 2025. This drop is largely attributed to the uncertainties surrounding regulatory frameworks for software development. As noted in a recent report from the President’s Working Group on Digital Assets, reversing this trend is essential for making America the “crypto capital of the world.” While the House and Senate have included provisions like the Blockchain Regulatory Certainty Act and the Keep Your Coins Act in their drafts, which aim to distinguish between intermediated finance and decentralized networks, the letter emphasizes that more clarity is needed. They believe that the proposed legislation must ensure that crypto developers are not misclassified as money transmitters and that they can engage in their activities without facing regulatory penalties. Related Reading: XRP Price To Rally 5,600% To $200? Crypto Analyst Lays Out The Possibilities The call for comprehensive federal protections is framed as a bipartisan issue, with a history of support for open-source software crossing party lines. Past legislation, such as the CLARITY Act, received overwhelming backing, indicating a strong consensus on the need to protect developers and non-custodial service providers. The current coalition aims to build on this momentum and push for enhancements in the legislative protections for developers. Featured image from DALL-E, chart from TradingView.com
Top analyst Miles Deutscher says the crypto market’s apparent fatigue is being misread. In a new video titled “Why The Crypto Bull Run Is Far From Over (Data Says This Happens Next),” the commentator—who has more than 630,000 followers on X—argues that both macro and market-structure signals point to an extended cycle, with Ethereum poised to lead even if Bitcoin cools. Crypto Cycle Dead? Deutscher opens by cutting against a swelling narrative that Bitcoin “has potentially put in a top,” acknowledging that spot price action “objectively looks quite weak at the moment.” Yet, he stresses, “I don’t believe the cycle is over,” and lays out what he considers the telltale sign of a real top—one that he says has not materialized. On the shorter time frame, he notes BTC slipped below a channel low but is attempting to reclaim the mid-range, highlighting a near-term “bearish retest at the H4 money noodle.” He calls the $111.5k area a line in the sand, with a push and hold back above ~$114k needed to repair structure. For clarity, he describes his “noodle” as a custom moving-average style trend gauge: “just our custom indicator which is basically a moving average.” Where Bitcoin looks “a little bit toppy,” Deutscher says Ethereum’s daily structure “paints a very different picture.” ETH, he argues, is showing a classic compression beneath major resistance around its prior all-time high while “grinding above the money noodle,” a configuration he believes sets up “the next expansive leg to the upside” if the daily trend base is maintained. Related Reading: Nearly $1B Wiped Out in Crypto Liquidations: Are Whales Turning the Crash Into a Buying Opportunity? A central plank of his thesis is the cycle’s alignment with broader risk indicators. Reading from a post by trader Nik (@cointradernik), he underscores that several risk-on ratios look like they are bottoming, not topping—US micro caps versus small caps, emerging markets versus the FTSE 100, ARK-style growth versus gold—suggesting the business cycle is still advancing rather than rolling over. In that context, Deutscher contends it would be unusual for crypto to peak now unless it consciously decoupled from equities. He further frames a policy backdrop he sees as supportive, pointing to political rhetoric favorable to crypto assets and the prospect of rate cuts later this year; he characterizes the current market “jitteriness” as a function of timing uncertainty rather than a structural turn. Related Reading: This Altcoin Is A 12,500% Crypto Bet Until 2028, Says Arthur Hayes He also revisits Bitcoin’s higher-time-frame rhythm since 2023 as a sequence of “rally-base-rally” phases with recurring retests of a weekly trend marker. In that pattern, he argues, even a drop toward ~$100,000 would be a textbook bull-market pullback, not a terminal break, especially given what he calls today’s comparatively modest extension above long-term averages versus 2021 and late-2024. “Anyone whose view is that Bitcoin has topped for the cycle here at $124,000 will be deeply disappointed in the relative shallowness of this correction,” he says, asserting that distance to key moving averages leaves less room for a deep retrace. The Altcoin Rotation The most controversial—and for crypto traders, arguably the most consequential—part of Deutscher’s analysis is historical altcoin rotation. He says prior cycles show that Ethereum often does its strongest work after Bitcoin tops. “In 2017 Bitcoin topped and traded 47% lower as Ethereum rallied 100% higher in the next 30 days,” he claims. “In 2021, Bitcoin topped [and] went 27% lower as ETH rallied…83% higher in the next 30 days.” While he is not declaring a BTC top now, he argues the crypto market is already exhibiting a “decoupling” in which ETH and other altcoins are grinding higher against BTC even as Bitcoin softens—proof, in his view, that “using Bitcoin as your ultimate bull-market indicator” for alts can be misleading when Ethereum’s structure is this strong. That view informs his positioning. Rather than longing Bitcoin at support, he says he’s increasingly using BTC dips as “confluence to take a trade on Ethereum because I think Ethereum outperforms from here on out.” On camera, he disclosed a growing ETH long in a public “fun trading account,” while emphasizing that “most people would be better off sticking mostly to spot” and that any use of leverage should be small, deliberate and within strict risk parameters. “There were many times where I’ve screwed up by being over-leveraged,” he cautions. Beyond trade setup and crypto cycle theory, Deutscher returns to his original premise: a genuine cycle top generally coincides with a topping business cycle, deteriorating breadth in risk assets, and blow-off dynamics he says are absent today. Summarizing his stance, he concludes that neither Bitcoin nor altcoins have topped “due to where we are in the business cycle,” and even if BTC does mark a high sooner than he expects, “I wouldn’t necessarily take that as the ultimate bear signal for ETH and alts.” At press time, BTC traded at $113,028. Featured image created with DALL.E, chart from TradingView.com
Tether minted 1 billion in USDT on Wednesday, a move that market watchers say added fresh liquidity to crypto markets already moving higher. Related Reading: $160K Bitcoin By Christmas? Analysts Say It’s Still Possible Based on reports, the total crypto market cap bounced from an intraday low near $3.80 trillion to about $3.90 trillion on the same day, while Bitcoin traded around $112,300 and Ether reclaimed levels near $4,600. The minting stood out because it often signals ready cash that can be deployed quickly into exchanges and trading desks. Tether Minting Sparks Liquidity Flows New USDT issuance is frequently used to fund purchases, and the 1 billion issuance was flagged by on-chain trackers as a likely source of fresh buying power. Santiment and other trackers show that the number of addresses holding at least 1,000 BTC rose by 13 to about 2,085 since the start of August. At the same time, wallets holding at least 10,000 ETH increased by 48 to roughly 1,27. On August 26, US spot ether ETFs recorded about $450 million in net cash inflow, led by BlackRock’s ETHE with roughly $320 million that day. That pushed cumulative inflows into spot ether ETFs to near $13.30 billion, while US spot Bitcoin ETFs took in about $88 million with BlackRock’s IBIT posting roughly $45 million. The freshly minted USDT could be used by traders and desks to buy into Ether and other altcoins, matching the observable rotation from Bitcoin into alternative assets and ETF-linked demand. Whale Accumulation Intensifies Large holders were not the only sign of demand. Trading volumes and price moves showed altcoins gaining traction, but it was the flow of stablecoins that underpinned the story. When stablecoin supply rises, it lowers the friction for big buys: money can be moved to exchanges and executed faster than waiting for bank transfers. That operational detail helps explain why a billion mint draws attention even when headline prices are already climbing. The immediate effect of the mint was to give traders extra readily available cash. But liquidity injections are a two-sided event. They can push prices higher if buyers are aggressive, while concentrated buying and later profit-taking can cause sharp swings. Related Reading: Dogecoin Gears Up For Triple Surge Vs. Bitcoin – Details What Tether Minting Could Mean For Markets Market observers are watching liquidity, whale wallets, and ETF flows together because the mix determines whether a sustained capital rotation into altcoins will follow or if gains will be short lived. Tether’s 1 billion USDT mint was the clearest single signal of added spending power during Wednesday’s rebound. That supply, paired with heavy inflows into Ether ETFs and signs of whale accumulation, creates a setup where altcoin demand can grow quickly. Featured image from Meta, chart from TradingView
Bitcoin dominance is at a pivotal moment, testing key support levels that could determine market direction. A bounce from these zones may signal temporary stability, while a breakdown could trigger deeper declines and shift attention toward altcoins. Market Structure Signals Growing Vulnerability According to @Crypto_TheBoss in a recent market update, Bitcoin dominance has slipped below the 60% support level, signaling a notable change in market dynamics. This breakdown points to a weakening grip for Bitcoin as capital flows begin to diversify into other areas of the crypto market. Moves like this often act as early signals of potential altcoin strength, as traders look beyond Bitcoin for opportunities. Related Reading: Altcoins Takeover Incoming? These On-Chain Metrics Signal An Imminent Market Shift The analyst noted that Bitcoin dominance has bounced from the 58% area, showing that some buying pressure emerged to defend the level. This bounce highlights temporary stability, but it does not yet confirm a recovery. Instead, it reflects a cautious response from the market, where buyers are attempting to prevent further declines while broader sentiment remains uncertain. Looking ahead, @Crypto_TheBoss explained that if the 58% level fails to hold, Fibonacci retracement zones could act as key areas of support. Losing this support would deepen the bearish outlook and likely accelerate capital rotation into altcoins, shifting momentum away from Bitcoin’s leadership in the market. Positive And Negative Technical Signals @Crypto_TheBoss went on to highlight that the bounce from support shows buyers stepped in and temporarily halted the downside pressure. This kind of reaction often reflects how market participants are still willing to defend critical levels, even when sentiment leans toward caution. By holding above support, Bitcoin dominance was able to avoid a deeper immediate drop, though uncertainty still lingers. Related Reading: Bitcoin Sentiment On Binance Turns Bullish – But Is The Market Setting A Trap? The analyst further emphasized that Fibonacci levels are widely used in technical analysis as reliable support and resistance zones. For Bitcoin dominance, the Fibonacci structure provides a technical roadmap, guiding market participants on where the price may either stall, reverse, or accelerate if another leg lower unfolds. In a negative scenario, @Crypto_TheBoss cautioned that losing the 58% support could trigger stronger selling pressure, pushing dominance further down. A breakdown below this level would not only signal structural weakness but also reinforce the narrative of Bitcoin losing its edge in market control. Such a scenario is often interpreted as a sign of capital rotation into altcoins. As Bitcoin dominance decreases, investor attention tends to shift toward alternative cryptocurrencies, sparking renewed activity and potentially driving sharp moves in the altcoin sector. This rotation could set the stage for fresh momentum in altcoins, particularly if Bitcoin struggles to quickly reclaim its lost ground. Featured image from Pixabay, chart from Tradingview.com
In a surprising move, Trump Media and Technology Group Inc. and Crypto.com announced a landmark partnership. The new joint venture will be the ‘first and largest publicly traded CRO treasury company,’ with a value of at least $6.42B. The new company will trade under the ticker MCGA, which stands for ‘Make CRO Great Again.’ As part of the deal, Trump Media will purchase approximately $105M worth of Cronos ($CRO), the native token of the Cronos Chain. In turn, Crypto.com will buy $50M of Trump Media stock. The new company plans to acquire 6.3B tokens right away, which is a huge 19% of the total supply. An affiliate of Yorkville will also support the venture with an additional $5B equity line of credit. This unprecedented collaboration shows that major companies are starting to adopt digital assets as a core component of their financial strategy. It also bodes well for top altcoins (like Best Wallet Token) due to increased attention from retail and institutional investors The Market Reacts: $CRO Skyrockets The announcement sent waves through the market, and Cronos quickly benefited with an impressive 135%, soaring from about $0.16 to a new yearly high of $0.376961. This shows that investors are excited about the partnership and its potential for $CRO’s future. Trump Media’s decision follows a previous announcement where the company declared its intent to buy $2B in Bitcoin. This is the same kind of forward thinking that has given rise to other innovative projects like Best Wallet Token ($BEST), SUBBD ($SUBBD), and Pudgy Penguins ($PENGU), all of which are carving out their own unique niches in this fast-moving space. 1. Unlock Your Web3 Potential with $BEST Step into the future of crypto with the Best Wallet Token ($BEST), the powerful engine behind the acclaimed Best Wallet platform. 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XRP has recovered from the recent market pullback and is attempting to confirm the $3.00 level as support. However, an analyst suggested that the cryptocurrency risks a new retest of the range lows before bullish momentum continues. Related Reading: Cardano Retests Key Support As SEC Delays ETF Decision – Is An October Rally Brewing? XRP’s Daily Close Key For Momentum XRP has reclaimed a crucial level as support while the crypto market stabilizes from this week’s market downturn. The altcoin has been trading sideways over the past week, hovering between $2.85-$3.10 range. The cryptocurrency retested the range lows, holding the lower boundary as support during the recent market volatility. Now, the price surged 7% from Monday’s lows to the $3.08 area before retracing to the $3.00 mark. On Wednesday, analyst Ali Martinez noted that XRP was rejected from local resistance, around the $3.10 area, for the third time, which could signal a new correction to the range lows similar to the previous attempts. If the altcoin fails to hold the current level as support and loses the mid-range area, its price could drop to $2.83, risking a fall below the local range and a deeper correction. On the contrary, if bullish momentum continues and the cryptocurrency breaks out of the crucial resistance, its price could rally to the August high levels, between $3.20-$3.40. Similarly, analyst Cryptoinsightuk noted that XRP had a positive daily close, adding that the “RSI crossed bullish and even throughout this pullback we’ve seen no change in structure.” Nonetheless, he suggested that the cryptocurrency needs to continue its momentum with a second day of follow-through price actions and trading volume. The market watcher asserted that a daily close above the $3.14 area will set up the stage for a rally to the $3.40 resistance in the coming weeks. Is A 2017-Like Rally Coming? After its July rally to its latest all-time high (ATH) of $3.65, the altcoin has been consolidating within a bullish pennant, with price compressing between the pattern’s resistance and support levels. Analyst GalaxyBTC also noted that XRP has been compressing between two parallel levels, repeating its 2017 playbook. Previously, the cryptocurrency hovered between the previous ATH level and the rally breakout level, which was turned into support. Following a consolidation period, the cryptocurrency broke out of this range and recorded a massive rally to its 2018 ATH. This time, XRP turned the $1.70 area into support last November and has been consolidating between this level and the previous ATH for the past eight months, which could suggest that the rally isn’t over yet. If history repeats, a massive breakout will follow once the altcoin breaks out of the previous ATH resistance and turns it into support. Related Reading: Chainlink Ready For Massive Breakout? A 15% Drop May Come First Moreover, the analyst highlighted a key level in XRP’s trading pair against Bitcoin (BTC), explaining that the 0.00003014 area has been a resistance in the XRP/BTC chart over the past six years. While the XRP/BTC pair continues to near this resistance, the market watcher considers that “the timing is perfect, as breaking out will put us well into price discovery on the USD pair.” As of this writing, XRP is trading at $3.02, a 3.3% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
World Liberty Financial, a decentralized finance (DeFi) platform with backing from President Donald Trump and his family, is poised to launch its native token, WLFI, on September 1. Expert Predicts $1 Price Target As WLFI prepares to launch, the token will be available for trading on major platforms. Binance, the world’s largest cryptocurrency exchange by trading volume, already offers WLFI futures, which currently price the token at $0.2656, according to Binance’s futures data. The World Liberty Financial presale structure indicates that 20% of the tokens will be liquid, while the remaining 80% will be vested, providing a layered approach to distribution that could mitigate volatility in the early days of trading. Related Reading: Pundit Says Bitcoin Price Crash Is Not Over, Why A Decline Below $100,000 Is Coming Market expert Virtual Bacon recently shared an analysis on the social media platform X (formerly Twitter), setting an ambitious price target of $1 for WLFI, which translates to a projected fully diluted valuation (FDV) of $100 billion. This could potentially represent a massive 276% from current levels in the futures market if Virtual Bacon’s projections hold true. Furthermore, WLFI would skyrocket to be one of the market’s top performers above established cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). This prediction highlights the potential market impact of World Liberty Financial, especially in light of the hype surrounding Trump’s official memecoin, TRUMP, which peaked at a fully diluted valuation of $73 billion 24 hours after its debut. Institutional Interest Surges For World Liberty Financial In contrast to the TRUMP memecoin launched earlier this year, the expert asserts that WLFI is positioned as a legitimate financial instrument, tied to the DeFi platform’s USD1 stablecoin and to US Treasuries. The expert believes that with Trump in office, the World Liberty Financial token carries a sense of credibility and utility that could attract institutional interest therefore boost its demand and price. The recently passed GENIUS Act for stablecoins and signed by President Trump could further increase the platform’s dollar-pegged cryptocurrency and its adoption and contribute to the platform’s overall bullish sentiment. Related Reading: Analyst Says XRP Price Is Set To Hit $4 If It Breaks This Resistance Line Notably, significant investments have already been made by entities such as venture capital firms DWF Labs, which contributed $25 million at a price of $0.10 per token, and Aqua One Fund, which invested $100 million at $0.125. Additionally, the Nasdaq-listed fintech company ALT5 Sigma has committed $1.5 billion at a price of $0.20 to create the token’s first crypto treasury, similar to how publicly traded companies invest in cryptocurrencies like Bitcoin. Virtual Bacon concludes by highlighting the launch of World Liberty’s official coin, coupled with institutional backing and a stablecoin aspect linked to crypto treasuries, positions WLFI as one of the most significant token events of the current financial cycle. Featured image from DALL-E, chart from TradingView.com
An X post by Bonk core contributor Nom (@TheOnlyNom) argues that a new wave of Digital Asset Treasury (DAT) vehicles aimed at SOL could move price more than comparable Bitcoin or Ether treasuries—because of Solana’s smaller market cap, heavy staking that suppresses immediately available float, and the ability for treasuries to buy discounted or locked tokens before they ever touch the open market. Why Solana DATs Could Move Price 10x Faster Than ETH “SOL DATs will be more efficient at accumulating currently trading supply (which is different than circulating supply) compared to ETH or BTC DATs,” Nom wrote, adding that “the recent announcements of $2.5b in SOL DATs should be looked at like a $30b raise for ETH or $91b for BTC.” Nom opens with disclosures and caveats rather than price calls. “I’m not going to argue whether inflation is good or bad, I have already spent enough time talking on that and look forward to the changes,” he wrote. He also underscores his own positioning and bias: “I am a spot SOL, staked SOL, and locked SOL holder (thanks to an SPV on the estate SOL) … I would also like tokens I own to go up in value—so a flat token price is bad in my point of view.” Related Reading: REX Financial CEO Picks Solana Over Ethereum: Here’s Why On the overhang from the FTX bankruptcy estate, Nom contends that the risk is shrinking fast even if it still looms in the narrative. “At the time of bankruptcy, FTX’s estate held 41m SOL tokens … with the majority going to the folks at Galaxy and Pantera with strike prices of approximately $64 and $102 … this is currently massively in the money at Solana’s current ~$190 price tag,” he wrote. Based on his reading of staking accounts and vesting schedules, Nom estimates the “‘Estate SOL’ is currently at about 5 million units remaining to be unlocked, or about $1b notional.” He sets that against broader unlocks: “From the good folks over at 4shpool (gelato.sh) there’s about 21m [units] of Solana remaining to unlock until 2028, or ~$4b notional at current pricing … ‘Estate SOL’ is ~1/4 of all remaining SOL to be unlocked.” The thread’s central mechanism is flow versus float. Nom argues that issuance plus unlocks create persistent sell pressure unless matched by price-insensitive buyers. “This matters for one specific number that we need to focus on, which is the amount of SOL hitting the market on a daily basis,” he wrote. “If you give someone tokens for free (staking inflation/unlocks) or at a discount (FTX SOL) — you can expect some % of people to sell. I assume 100% of this inflation of 37.5m SOL in the next year to be sold.” That sets a high bar for demand: “In order to offset 37.5m SOL a year at $200 SOL … you need ~$7.5b/year in inflows, or ~$20.5m per day.” The Differences Between SOL And ETH Crucially, he argues, DATs can meet that bar more efficiently if they accumulate outside the open market. “If the DATs can more efficiently buy SOL at a discount from either the estate SOL, or other locked SOL areas, that improves the efficiency of the inflows,” he wrote. “Raising $400m to buy SOL at a 5% discount is equivalent to $420m in inflows, which is better than $400m in inflows—the only question is how do you equate the time value of buying SOL off the market today, vs removing future sales tomorrow.” He adds that, on his numbers, issuance dominates the supply picture: “Our inflation over the next 3 years is greater than the unlocks (EOY 2028 as end of lock schedules) … and the FTX SOL is only a quarter of the remaining unlocks—so the DATs buying the estate SOL rather than the market is not a realistic concern.” Related Reading: Solana Boost – Medical Firm’s $400M Stock Sale Powers New SOL Treasury Nom insists the difference between “trading supply” and headline “circulating supply” is what makes SOL especially sensitive to steady buyers. “Circulating supply is NOT equivalent to amount available on the market, especially for staked assets. You cannot buy staked SOL, but you can buy LSTs,” he wrote. Citing current snapshots, he notes, “Solana has 384m of its 608m SOL staked currently, or 63.1% off the market. LSTs account for 33.5m SOL, so let’s put that back as supply available to buy and round it to 350m/508m off the market, or 57.5% off the market and unavailable for purchase (at least with a 2 day lag).” By his math, that thinner immediate float means each new dollar has more price impact than on chains with lower staking penetration. Valuation magnifies the effect, he says. “Solana is at a much lower valuation than ETH or BTC … a dollar spent on a SOL DAT is like $5 on an ETH DAT or $22 on a BTC DAT when looking at relative valuations.” Adjusting for staked versus readily tradable supply, he pushes the comparison further: “When you factor in the circulating supply amounts with staking, that’s closer to 11x for ETH efficiency or 36x for BTC efficiency.” He also weaves in the role of ETFs and corporate vehicles alongside treasuries. “SSK is doing some of the work at roughly $2m/day in inflows since launch, however the inflation schedule needs 10x inflows — and this will likely come with further ETF approvals,” he wrote, arguing that DATs have a flywheel effect: “These DATs take supply off the market, they earn tokens based on staking yield … and they make subsequent buys by vehicles like ETFs more effective at moving the market.” On sector leadership, he’s blunt about the need for a standard-bearer: “SOL DATs need a Michael Saylor or a Tom Lee, narrative is the name of the game.” His summary distills the thesis to a few lines: “Right now less than 1% of supply is under SOL DAT management, this will likely shift to 3% with the 3 newly announced vehicles, and 5% with planned future vehicles.” “Current ETF inflows are not sufficient,” he added, “however larger vehicles should be approved by start of Q4 and SOL remains a contender for institutional bid.” Solana Treasury Boom In The Making Notably, Nom’s framing arrives amid a cascade of new vehicles. On Aug. 25–26, Galaxy Digital, Multicoin Capital and Jump Crypto are in talks to raise roughly $1 billion to build a publicly traded Solana treasury company, with Cantor Fitzgerald as lead banker. Separately, Pantera Capital is weighing a plan to raise up to $1.25 billion to convert a Nasdaq-listed firm into “Solana Co.,” a dedicated SOL treasury vehicle. Meanwhile, Nasdaq-listed Sharps Technology announced a $400 million private placement explicitly to establish what it calls the largest corporate Solana treasury to date. Together, these deals sketch out at least $2.5–$3.0 billion of potential new institutional demand pointed squarely at SOL. At press time, SOL traded at $204. Featured image created with DALL.E, chart from TradingView.com
As the decision on Grayscale’s spot Cardano (ADA) Exchange-Traded Fund (ETF) has been delayed, the altcoin is retesting a key area. Some analysts have suggested that a massive rally is brewing after the price bounced from the range lows. Related Reading: Chainlink Ready For Massive Breakout? A 15% Drop May Come First Cardano Drops As Spot ETF Gets Delayed On Tuesday, Cardano started to recover from its start-of-week correction after bouncing from a crucial area. The cryptocurrency has been trading within the $0.84-$0.96 price range since its breakout in early August, reaching a five-month high of $1.02 on August 14. During the recent market pullbacks, ADA has retested the $0.85 area as support multiple times and has been attempting to reclaim the $0.90 resistance, momentarily holding this level over the weekend. However, Monday’s correction, which saw Bitcoin drop to its lowest level in over a month, sent Cardano back to the range lows, briefly losing the $0.84 support before starting to recover. Amid the retracement, the US Securities and Exchange Commission (SEC) delayed the deadline for Grayscale’s spot Cardano Exchange-Traded Fund for two months. “The Commission is extending the time period for approving or disapproving the proposed rule change for an additional 60 days. The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the regulatory agency explained in the Monday filing. Accordingly, the SEC has postponed the final decision deadline to October 26, 2025. This follows the Commission’s recent two-month delays of many crypto-based ETFs. Earlier this month, the regulatory agency announced it had pushed back the decision deadline for multiple spot Solana ETFs, including Grayscale’s, to October 16. Similarly, it extended the review deadline of several spot XRP and PENGU ETFs for late October. ADA Breakout Coming Soon? Analyst Crypto Bullet highlighted that Cardano appears to be repeating its playbook from the last cycle. After the 2017-2018 run, ADA accumulated in a multi-year range, forming a double bottom pattern between 2019 and 2020. Following the late 2020 breakout, the cryptocurrency reclaimed the range’s upper boundary before retesting this level as support and starting its massive run toward ADA’s $3.09 all-time high (ATH) in the following months. According to the analyst, Cardano’s performance over this cycle has followed a similar path, with the breakout and retest from the multi-year accumulation occurring between late 2023 and early 2024. During the Q4 2024 rally, the altcoin bounced from the range’s upper boundary, and it’s currently in the re-accumulation period that would precede a massive pump in the coming months, if history repeats. To Crypto Bullet, “one last leg is coming,” with a potential final target between the $1.70-$2.10 area, according to the analyst. Meanwhile, market watcher Sebastian highlighted that ADA’s current performance will “mostly depend on what Bitcoin does,” suggesting that the flagship crypto will likely see a bigger retracement soon. Related Reading: Crypto Analyst Says XRP Bull Run Hasn’t Begun, Sets Course For $37 He pointed out that the altcoin has been trading within a bullish flag since the early August breakout, with the upper boundary sitting around the $0.90 area. If it doesn’t reclaim this level, the cryptocurrency would risk a pullback to the lower trendline around $0.80. However, if Cardano breaks out of the bullish formation, it could rally to the $1.20 target. As of this writing, ADA is trading at $0.87, a 4% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
The Trump Media & Technology Group (TMTG) announced on Tuesday that it has partnered with the digital asset platform Crypto.com and the special-purpose acquisition company Yorkville to create the first Cronos (CRO) treasury. New CRO Treasury Project The announcement details a definitive agreement between these entities to form Trump Media Group CRO Strategy, Inc., a dedicated digital asset treasury company aimed at acquiring Crypto.com’s native token. The funding structure for this project comprises $1 billion in CRO tokens—representing approximately 19% of the total market capitalization of CRO at the time of the announcement—alongside $200 million in cash and $220 million from cash-in mandatory exercise warrants. Related Reading: Pro-XRP Lawyer Blasts SEC Lead Counsel In Ripple Case Following Conclusion Additionally, the venture will benefit from a substantial $5 billion equity line of credit from an affiliate of Yorkville, positioning the Trump Media Group CRO Strategy as potentially the largest publicly traded CRO treasury company. Devin Nunes, Chairman and CEO of Trump Media, emphasized the growing importance of digital asset treasuries. He stated: Financial markets are becoming increasingly digital every day, and companies of all sizes and sectors are strategically planning for the future by establishing digital asset treasuries anchored by assets that have created a comprehensive value proposition. Trump Media’s Crypto Ambitions Kris Marszalek, Co-Founder and CEO of Crypto.com, highlighted the project’s scale and structure, noting that it would encompass more than the current market capitalization of CRO. Interestingly, he added that the project’s unique characteristics, such as the share lock-ups and a validator strategy for the treasury, set it apart from other digital asset treasury initiatives. Related Reading: Is $105,000 The Bitcoin Bull Run Killer Or Just Noise? Top Analyst Explains This new endeavor, however, is not Trump Media’s first foray into cryptocurrencies. The company had previously announced its significant holdings, including $2 billion in Bitcoin and a planned $300 million allocation for an options-based strategy focused on the leading cryptocurrency. Furthermore, just two weeks ago, it was revealed that Crypto.com will serve as the Bitcoin custodian for President Donald Trump’s media company in its S-1 registration for a Bitcoin exchange-traded fund (ETF) if approved by the US Securities and Exchange Commission (SEC). As of press time, CRO has capitalized on this momentum, surging 22% toward the $0.20 milestone following the announcement. This positions Crypto.com’s native token as one of the market’s top performers in both the monthly and year-to-date periods, with surges of 40% and 120%, respectively. Compared to its all-time high, CRO is still trading 79% below the $0.96 price. However, positive market momentum and the adoption of the same strategy by more companies could further fuel the rally, bringing it closer to these levels. Featured image from DALL-E, chart from TradingView.com
On Bloomberg’s “ETF IQ” on Monday, REX Financial chief executive Greg King made his most forceful public case yet for Solana’s role in real-world finance—especially for stablecoins—and explained why his firm built a 1940 Act, staking-enabled ETF around SOL rather than waiting for a traditional ’33 Act spot product. Solana Vs. Ethereum King did not hedge when asked to put the Solana-versus-Ethereum debate into plain language for mainstream investors: “Eth is the second biggest crypto. Solana is basically top five. A lot of people think Solana is the up and comer that will overthrow the area. It is a very controversial debate. I’ve probably made friends and enemies even suggesting that now.” That framing goes to the heart of today’s market divide. Ethereum remains the default base layer for on-chain finance and developer tooling; Solana’s pitch is raw throughput and low-latency UX for payments, consumer apps, and—crucially in King’s view—stablecoin settlement at scale. It’s also the practical rationale for REX’s product design: if the chain’s economics are driven by volume and staking, package both into a regulated fund wrapper that passes yield through to shareholders. Related Reading: Solana Boost – Medical Firm’s $400M Stock Sale Powers New SOL Treasury “Solana is basically faster and more designed for high processing speed. Frankly, when I saw the big debate come out about stablecoins being all built on Eth, I was like, this is a huge oversight. I think Solana is the story of the future as far stablecoins go.” The vehicle implementing that thesis is SSK—the firm’s Solana-forward ETF that stakes SOL and pays a monthly distribution. King characterized staking for non-crypto natives as an income stream tied to network security rather than energy-intensive mining. “It boils down to, for investors, basically an interest rate on your crypto,” he said, noting that on Solana it “varies… somewhere between the 6% to 8% annualized range.” In SSK’s design, those rewards are not trapped inside the fund: “SSK is the first fund to deliver that staking reward through to investors in the US,” he said, adding that the current run-rate distribution is “roughly 5% a year right now,” with the standard caveat that payouts fluctuate. REX Financial CEO Greg King believes Solana is the story of stablecoin’s future over Ethereum. He speaks with @EricBalchunas on “ETF IQ” https://t.co/aVEoiSkzfo pic.twitter.com/iQx9g4oYJg — Bloomberg TV (@BloombergTV) August 25, 2025 Solana ETF Spotlight A second pillar of King’s argument is structural. He drew a bright line between ’33 Act spot ETPs—long familiar to crypto investors via grantor-trust structures—and the ’40 Act investment-company wrapper REX chose. The latter, he said, is “the better wrapper… more investor safeguards, more flexible.” Related Reading: Analyst Says Solana Price Is At The Gates Of Massive Breakout, Here’s The Target In practice, that means an actively managed portfolio that can hold SOL directly and via listed instruments while delegating to institutional validators and optimizing for staking capture and liquidity. It also means higher all-in costs than a plain-vanilla equity ETF and concentrated exposure to a single crypto-asset’s volatility—trade-offs the firm acknowledges even as it leans into the yield-plus-beta pitch. The interview also touched on the coming product wave across US exchanges. Bloomberg’s Eric Balchunas flagged the queue of ’33 Act spot applications for tokens with established futures markets, while co-host Katie Greifeld pressed on timing for a “pure spot Solana ETF.” King was cautious on exact dates but not on direction: “I do think we see a bit of an explosion,” he said—then immediately drew boundaries around quality control. “Crypto gets pretty sketchy below the top 10, certainly below the top 20. I think there is some significant picking and choosing that has to happen by issuers there.” Even among majors, he expects “a lot of funds per coin,” with Solana a “great candidate” given its combination of scale, perceived “underdog” status in the race with Ethereum, and comparatively larger staking reward. At press time, SOL traded at $188. Featured image created with DALL.E, chart from TradingView.com
Chainlink (LINK) is retesting a crucial support zone amid the market pullback, leading some analysts to suggest that another significant drop may be coming if the current levels don’t hold. Related Reading: Shiba Inu Head And Shoulders Pattern Signals 540% Upshoot To New All-Time Highs Chainlink Loses $25 Support On Monday, Chainlink followed the rest of the market, dropping 10% to the local range lows. The cryptocurrency hit an eight-month high of $27.87 on Friday, but ultimately failed to hold this level, retracing to the $25.5-$26.5 area over the weekend. LINK lost the recently reclaimed $25 support level, dropping to the $23.5 area in the afternoon. AltCryptoTalk noted that LINK has been trading within a rising channel for the past two weeks, explaining that the cryptocurrency remains within a crucial support zone despite the drop below $25. To the market watcher, as long as LINK holds above the support zone’s lower boundary at $23.5, “the overall bias remains bullish, and we will be looking for trend-following long setups on every bearish correction.” The analyst also highlighted that the Chainlink network is “secure, efficient, and decentralized,” which adds strength to its native token’s rally. Notably, SBI Group, one of Japan’s largest financial conglomerates with $200 billion in total assets managed, partnered with Chainlink to “power several innovative use cases centered around tokenized funds, tokenized real-world assets such as real estate and bonds, regulated stablecoins, and more.” In the Sunday announcement, the companies revealed that SBI Group and Japanese financial services companies will “leverage Chainlink services, including the Cross-Chain Interoperability Protocol (CCIP), SmartData (NAV), and Proof of Reserve to unlock secondary market liquidity and enhance the operational efficiency of tokenized assets” while ensuring privacy and compliance requirements. Is A Drop To $20 Next? Analyst Ali Martinez affirmed that Chainlink will test a key support level before a massive breakout. The market watcher highlighted a four-year symmetrical triangle formation on the altcoin’s chart, which targets a 280% increase once it breaks out. LINK has retested the pattern’s upper boundary twice since the Q4 2024 rally, briefly breaking above the crucial resistance last week. As it failed to confirm the breakout, the analyst suggested that Chainlink will experience one more dip before aiming for the $95-$100 area. Per the chart, this dip could target the next crucial support level around the $20 area, a 15% decline from current levels. Previously, analyst Rekt Capital noted that continued stability at the $23.86 level will be important, adding that a monthly close above this level is crucial for LINK’s rally. Failing to reclaim this area in the monthly timeframe could lead to a deeper pullback toward the $19.41 level, not seen since the early August breakout. Related Reading: Here’s What Powell’s Possible Rate Cuts Could Mean For The Shiba Inu Price Meanwhile, Alex Clay affirmed that Chainlink “is the next ETH,” pointing out some similarities between the two charts. According to the analyst, both cryptocurrencies have been accumulating in a multi-year triangle formation, and LINK could follow Ethereum’s steps once it officially reclaims the pattern’s resistance. Notably, after breaking out of this pattern last month, ETH confirmed the resistance as support and hit a new all-time high (ETH) last week. As of this writing, LINK is trading at $23.52, a 8.5% drop in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
BitMEX co-founder and crypto-legend Arthur Hayes used the main stage at Tokyo’s WebX 2025 to unveil a blunt, numbers-first valuation case for Hyperliquid’s HYPE token. On a slide headed “Hyperliquid: 126x Upside,” Hayes’ family office Maelstrom modeled how an accelerating stablecoin economy could reprice the decentralized perps exchange dramatically higher. Why HYPE Could Be The Best Crypto Bet The slide’s premise was explicit: “Stablecoin Expansion To Boost Annualized Fees To $258B,” with a 0.03% net trading-fee assumption, a 5% discount rate, and a “Terminal Value of HYPE Rev” of $5.161 trillion versus a current fully diluted valuation near $41.05 billion—yielding an “Upside Potential 126X.” In his talk, Hayes told the audience he expects HYPE “to 126x over the next three years.” The timing of the forecast coincides with a burst of on-chain and trading-venue milestones for Hyperliquid. According to data highlighted during and around the event, Hyperliquid open positions hit a record 196,462 on Sunday, open interest climbed above $15 billion, total wallet equity peaked near $31 billion, and Sunday volume set a high around $19.46 billion for weekends, per DefiLlama. Related Reading: Lummis Fast-Tracks Crypto Market Structure Bill To Reach Trump’s Desk Before Thanksgiving A research note from Redstone last week argued the venue has, within two years, captured “over 75% of the entire decentralized perpetual exchange market,” challenging dYdX and, at times, approximating Binance volumes on select pairs. Hayes’ 126x case rests on a macro-to-micro bridge: a world where stablecoin float expands to roughly $10 trillion by 2028, Hyperliquid’s share of average daily volume reaches 26.4%, and that activity translates into $258 billion of annualized fees for the protocol. The geometry of the model is what matters: if volumes and fees scale with the stablecoin base and if HYPE continues to be the instrument that reflexively captures protocol economics, the implied terminal value dwarfs the token’s present FDV. Those inputs, assumptions, and outputs were all printed on the Maelstrom slide on stage in Tokyo. Related Reading: Crypto Analyst Reveals Key Altcoins To Watch Right Now Crucially, Hayes has been backing the thesis with capital. On August 15, on-chain sleuth Lookonchain flagged that Arthur Hayes bought more HYPE, LDO, and ENA, detailing cumulative five-day purchases that included 58,631 HYPE alongside 1,750 ETH, 3.1 million ENA, 1.29 million LDO, 184,610 PENDLE, and 420,000 ETHFI (about $15.9 million in total at reported valuations). The structural backdrop helps explain why a stablecoin-led model resonates for Hyperliquid. The exchange is a decentralized venue for perpetual futures, letting traders take leveraged exposure without expiry; it runs on its own L1 and has seen sustained growth in both open interest and fee generation in 2025. Hayes has talked up HYPE before—publicly floating a nearer-term $100 price marker back in May—yet Monday’s deck was his most explicit attempt to tie a 2028 outcome to quantifiable drivers. Whether the path requires a $10 trillion stablecoin base and a quarter-share of decentralized perps ADV is the crux of the debate. But the mechanism he emphasized—fee throughput scaling with stablecoin adoption, captured in token value—matches how many analysts already frame HYPE’s design, where protocol revenues and buybacks link the token to venue performance. At press time, HYPE traded at $45.84. Featured image created with DALL.E, chart from TradingView.com
Ethereum (ETH) is leading the end-of-the-week market recovery after finally breaking above the $4,800 resistance. As the cryptocurrency is attempting to reclaim this crucial area, some analysts suggest that a new all-time high (ATH) is imminent. Related Reading: Another Celebrity Scam? Kanye West Memecoin Launch Leaves 60% Of Investors In The Red Ethereum Hits New Multi-Year High On Friday, Ethereum broke above the $4,800 resistance for the first time since 2021, hitting a multi-year high of $4,834. The cryptocurrency has rallied over 14% over the past 24 hours, driven by Federal Reserve Chairman Jerome Powell’s annual address at Jackson Hole. In his speech, Powell signaled the possibility of an interest rate cut, affirming that “with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” Following Powell’s remarks, the market soared, with Bitcoin (BTC) jumping from its local range low to the $117,000 area. Meanwhile, Ethereum initially climbed from the $4,200 support to reclaim the crucial $4,700 barrier. In a statement to CNBC, Jordi Alexander, CEO of crypto trading firm Selini Capital, suggested that crypto traders were caught completely offside by Powell’s dovish comments. “The market positioning in recent sessions has seen clear risk-off moves in assets like crypto and tech, and today’s setting up of a September rate cut is causing a panicked repositioning, which could continue through the illiquid weekend as shorts get squeezed,” he affirmed. Meanwhile, Joseph Chalom, Co-CEO of SharpLink Gaming, asserted that “the markets are loving Powell’s dovish speech. September rate cuts seem imminent. We’re at a pivotal moment in the market cycle.” ETH Ready For More? Notably, ETH has been consolidating between $3,762 support and $4,631 resistance since the early August breakout, retesting the $4,000-$4,100 mid-zone of this week’s pullback. On Friday afternoon, Ethereum continued its climb above the $4,800 resistance. This level was unsuccessfully tested last week, when the King of Altcoins hit a local high of $4,788 before being rejected. Analyst Crypto Jelle highlighted a one-week falling wedge pattern on ETH’s chart, which targeted a breakout to the $4,600-$4,800 area. Following today’s price jump, the analyst suggested that Ethereum is ready to target its all-time high of $4,878 after the breakout. Additionally, he noted that ETH already broke out of an 18-month bullish megaphone this month, which targets the $10,000 level. He explained that the cryptocurrency has successfully retested the key resistance level, around $4,000, during this week’s pullback and has “hardly any resistance left.” Related Reading: Chainlink Eyes Crucial Resistance After $25 Reclaim – Breakout Or Breakdown Next? Nonetheless, he warned that a pullback is likely to come following the massive pump but added that “the intent is clear. This market wants higher.” Similarly, Ted Pillows affirmed that volatility was expected after Powell’s speech, noting that it had happened in previous years. However, he suggested that a big ETH rally will follow, “just like the last time.” As of this writing, Ethereum is trading at $4,799, a 32.6% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Reports from CryptoQuant suggest that large holders are moving aggressively while smaller players are bailing out. Related Reading: Bitcoin’s Next Stop For 2025? $175,000, According To SOL Strategies Boss Over the past week, wallets linked to key Bitcoin participants grabbed more than 16,000 BTC during a price decline. At the same time, retail investors have been selling into weakness, taking losses and widening the gap between whales and small traders. Analysts see this as a possible clue that the market could be forming a local bottom. Seasonal Pressure And Fed Expectations The timing of these moves adds more complexity. September is rarely kind to markets. Data over the last 35 years shows the S&P 500 slipping an average of 1% during this month, and Bitcoin has often mirrored that seasonal drag. Now, throw in a Federal Reserve meeting on September 15-16, where traders assign an 80% chance to a 0.25% rate cut, and you have a cocktail of uncertainty. For some, a cut signals potential relief for risk assets. For others, the historic pattern overshadows any short-term optimism. Either way, volatility seems unavoidable. BlackRock Transfer Triggers Fear Of Selling Amid this macro backdrop, a single transaction set off alarms. BlackRock shifted over 10,584 BTC—valued close to $1.20 billion—to Coinbase in one day. That kind of move rarely goes unnoticed. Transfers to exchanges often imply a readiness to sell, and the market responded immediately. Bitcoin slid to a little over $112,000, a level that previously acted as the launchpad for the rally that pushed prices to the all-time high of $124,000 this August. Traders are now watching that number like hawks, questioning if it can act as a safety net once more. Technical signals, however, don’t tell a unified story. The relative strength index sits at 32.90, scraping the oversold zone, which can sometimes hint at an exhausted sell-off. But the MACD is still weak, with its line staying under the signal mark, suggesting negative momentum. This split in indicators keeps traders guessing whether the next big move will be up or down. Related Reading: Panic Or Profit? Analyst Says XRP Below $3 Is A ‘Massive Blessing’ Crypto Market At A Crossroads If $112,000 holds, a rebound is on the table. Break it, and the downside could accelerate, especially if institutions start unloading more Bitcoin. Add whale accumulation, seasonal weakness, and a looming Fed decision, and the short-term outlook looks less like a straight line and more like a curve with surprises waiting around the bend. For now, the battle is clear. It’s between confidence and fear, and the outcome may depend on what happens before this month closes. Featured image from Unsplash, chart from TradingView
Arthur Hayes has a clear answer to the market’s favorite bar fight. In an August 21 interview with Ran Neuner, the BitMEX co-founder said both Ethereum and Solana will rally hard, but he is explicitly tilted toward ETH for the remainder of the cycle. “Do I believe Solana is going to go up? Absolutely it’s going to go up. Do I believe it’s going to go up more than ETH? I don’t know. Probably not,” Hayes said. When pressed on portfolio construction, he didn’t hedge: “In terms of a position… you’d be more overweight ETH? Correct. Yes.” Ethereum Vs. Solana: Who Wins This Cycle? Neuner framed the context that has flipped the conversation from “Solana-only” to an Ethereum-led trade, citing a sequence of catalysts—from stablecoins to marquee advocates—that has turned ETH into “the darling asset of Wall Street.” Hayes didn’t contest the premise. Instead, he described the contest between the two chains as a “race” increasingly defined by the scale of capital now zeroing in on Ethereum: “ETH is a bigger asset to move, but there’s a lot of money chasing it. So it’s going to be [an] interesting race.” In other words, size is not a bug if flows are thick enough; it’s the feature that channels the largest bid. Related Reading: Altseason Things: Ethereum Perps Volume Sets New Record Against Bitcoin That flows-first view also explains why Hayes sees ETH’s upside accelerating once resistance is convincingly cleared. Responding to Neuner’s observation that Bitcoin sits well above its prior all-time high while ETH had been “struggling to break,” Hayes raised his sights beyond catch-up toward open-ended momentum: “I think ETH goes to $10,000 [or] 20,000 before the end of the cycle… once it’s broken through, then… it’s a gap of air to the upside.” He added that on shorter time frames, “the chart says it’s going higher now,” noting he had “bought back some of the ETH” he previously sold. None of this means Hayes is bearish on Solana. He disclosed he advises Upexi, a Nasdaq-listed company with a Solana-focused treasury, and reiterated his expectation that SOL will benefit from the same risk-on currents: “They’re both going to go up. The question is which one goes up more.” But even with that proximity to the Solana ecosystem, he returned to the relative case: “Do I believe [Solana]’s going to go up more than ETH?… Probably not.” Related Reading: Whale Loads Up $300M Ethereum Onchain: Did He Just Catch The Bottom? Neuner summarized the narrative shift bluntly—ETH “caught this massive Wall Street narrative,” with stablecoins, tokenized assets and high-profile champions such as Joseph Lubin and Tom Lee putting a megaphone behind Ethereum, after a period when “it’s a SOL cycle” dominated discourse. Hayes’ answer was not to relitigate the tech stack—Neuner even joked about Solana as the “fast monolithic chain”—but to anchor the ETH-over-SOL call in the mechanics of capital formation and passive demand now assembling around Ethereum’s market structure. In his telling, as institutional vehicles and public ETH treasury companies marshal fresh inflows, the “bigger asset to move” becomes the natural sink for the thickest flows. Hayes’ comparative view therefore rests on three on-record pillars. First, positioning: he is overweight ETH versus SOL on a percentage basis. Second, flows: he expects more money to chase ETH in this phase of the cycle, despite (and because of) its larger base. Third, trajectory: once ETH sustains a breakout, he sees “the sky’s the limit” dynamics taking over, with a cycle target of $10,000–$20,000 for ETH. The respect for Solana’s upside remains, but the winner—on Hayes’ numbers and his own book—is Ethereum. At press time, ETH traded at $4,285. Featured image created with DALL.E, chart from TradingView.com
Strategy (previously MicroStrategy), the software firm co-founded by Bitcoin (BTC) bull Michael Saylor has seen its stock, MSTR, take a considerable hit plummeting by nearly 20% since last month, in line with the broader market correction. This downward trend is expected to persist, according to Gus Galá, an analyst at Monness, Crespi, Hardt, who recently reiterated a Sell rating on the stock with a price target set at $175. Analyst Cautions Against Long Positions In Strategy On Thursday, shares of Strategy fell an additional 2.4%, closing at $336.48. The company has attracted considerable attention for becoming the largest corporate holder of Bitcoin, with its Bitcoin treasury surpassing the 600,000 figure. Related Reading: Analyst Sounds The Alarm—Bitcoin Could Slide Toward $88K Despite the recent selloff, Strategy’s stock has seen major growth, climbing over 140% in the past year, primarily due to Bitcoin reaching new highs beyond $120,000. However, Galá warns that the volatility associated with Bitcoin poses significant risks. He argues that companies with large Bitcoin treasuries are indicative of a later stage in the Bitcoin market cycle. For Strategy’s stock to defy this trend, Bitcoin would need to break free from its historical pattern of boom-and-bust cycles and sustain a prolonged bull run. Historically, there have been times when Strategy’s market capitalization exceeded its actual Bitcoin holdings by more than double. Currently, with a market cap-to-Bitcoin ratio of 1.34-to-1, Galá suggests that while investors shouldn’t increase short positions, they should also refrain from taking long positions. He believes that the market cap multiple is likely to decline, driven in part by skepticism in the credit markets regarding the debt Strategy has issued to finance its Bitcoin acquisitions. Crypto Stocks Suffer Setbacks Galá also expressed doubt that credit rating agencies will be inclined to assign investment-grade ratings to Strategy’s treasury strategy, especially in the near term. This skepticism stems from the fact that the company’s profits are largely unrealized gains from its Bitcoin holdings. Securing an investment-grade rating could potentially allow Strategy to issue and repay its debt under more favorable terms, but this would require Bitcoin to be perceived as a more stable digital asset, akin to gold. Related Reading: XRP On-Chain Activity Explodes By 500%, What’s Going On? After reaching a new record price just above $124,000, the market’s leading cryptocurrency has seen its valuation drop 9% from all-time high levels currently attempting to consolidate between $112,000 and $113,000. Beyond Strategy, crypto stocks have also seen their valuations drop. On Thursday, shares of USDC issuer Circle (CRLC) dropped 4% after the initial excitement following the firm’s initial public offering (IPO). US-based cryptocurrency exchange Coinbase (COIN) saw its shares drop toward the key $300 support, meaning a 2.5% decline compared to Wednesday’s trading session. Featured image from DALL-E, chart from TradingView.com
Amid the controversial launch of Kanye West’s official memecoin on Solana, the crypto community has sounded the alarm for another potential celebrity token scam, with insider trading allegations outshining Ye’s party. Related Reading: Chainlink Eyes Crucial Resistance After $25 Reclaim – Breakout Or Breakdown Next? The Rise And Fall Of YZY On Wednesday night, controversial Hip-Hop artist and public figure Ye, better known as Kanye West, launched his official memecoin, YZY, on the Solana blockchain. West announced the token in his X account, posting the contract address (CA) in a picture with the caption “YEEZY MONEY IS HERE. A NEW ECONOMY, BUILT ON CHAIN.” After the announcement, the memecoin skyrocketed to a market capitalization of $3.1 billion before quickly dropping 65% to the $1.1 billion mark in the following hours. Meanwhile, YZY’s price went from an all-time high (ATH) of $3.16 to hover between the $0.95-$1.30 price range. The crypto community reported multiple red flags, including allegations of insider trading and a lawsuit waiver. Notably, the official website has a controversial waiver that raised concerns among investors. In the “What Else Should I Know?” section, the website stated that by purchasing the token, investors agree they “will not bring, join or participate in any class action lawsuit as to any claim, dispute or controversy” that they may have against any of the “Covered Parties.” “if you’re buying this ur literally giving them permission to rug you without consequences,” a community member noted. Nonetheless, investors may opt out of the dispute resolution provision by “providing written notice of your decision within thirty (30) days of the date that you first access the Website,” the page reads. Ye’s Memecoin Supply Owned By Insiders Conor Grogan, director at Coinbase, estimated that at least 94% of the supply was owned by insiders, with 87% of the token being held by a single multisig wallet before it was distributed to multiple wallets. According to the “YZYNOMICS”, 20% of the token’s distribution would be for public supply, 10% for liquidity, and 70% for Yeezy Investments LLC. On-chain analytics firm Bubblemaps affirmed that “the bubble map of YZY mostly MATCHES the distribution on Kanye’s website,” cautioning that “the 17% address ‘public supply’ is UNLOCKED and can sell at any time.” Lookonchain highlighted that only YZY had been added to the liquidity pool, with no USDC, warning that the “Dev may sell YZY by adding/removing liquidity, similar to LIBRA.” Additionally, they noted that multiple insider wallets had prepared funds in advance and bought the memecoin, with one address knowing the CA and attempting to purchase YZY yesterday. The on-chain wallet tracker also cautioned that West had added 30 million YZY, worth $34 million, to the liquidity pool with a price range of $3.17-$4.49, signaling that “once the price climbs above $3.1716, he’ll start earning fees while gradually selling YZY for USDC. If the price rises above $4.4929, all 30M YZY will be sold.” Investors See Red Numbers On-chain researcher Defioasis affirmed that the YZY launch was “more of the same,” revealing that, so far, most wallets holding West’s memecoin are in the red. According to their analysis, 56,050 addresses traded the token in the past 13 hours, with 25,166, or 44.9% of the wallets, engaging in one-sided transactions. Out of these addresses, 23,723 only bought the memecoin, while 1,443 only sold it. They suggested that “some of the former may be dust addresses aimed at increasing the number of addresses, while others are either holding onto their positions or stuck in losses,” adding, “The latter are primarily project teams/large holders using multiple addresses to sell, making it harder to track them directly.” Related Reading: Bitcoin Risks Drop Below $110,000 Despite Bounce – Is A 15% Pullback Coming? Meanwhile, 30,884 addresses had two-way transactions, with 38.07% of addresses registering realized profits. 30% of these wallets had a profit of up to $500, while only 1.31% of them had profits exceeding $10,000. Among this 1%, only 5 addresses had over $1 million in profits, with one of them being identified as an insider. On the contrary, over 60% of participants are still in a loss position, the report noted, with 28.2% of the addresses losing up to $500. By the time of the Defioasis post, one individual had lost over $1 million, while another had lost around half a million. Featured Image from Unsplash.com, Chart from TradingView.com
Crypto markets move at breakneck speed, and Solana tops the charts in fast, low-cost token launches that can skyrocket in hours – and then fade away just as quickly. Traders who act swiftly gain an edge, yet the biggest hurdle is recognizing momentum before it’s too late. Enter the Solana Volume Bot, a powerful AI-based tracker that gives traders first-mover insight into surging activity. Spot market moves before the mass alerts and get ahead of the competition. Volume as the Leading Signal of Market Momentum Solana dominates DEX volume, widening its lead over Ethereum throughout mid-2025. In July alone, Solana recorded $124B in DEX volume – 56% more than June – and surpassed Ethereum for the tenth straight month. Bots accounted for 62% of that volume, a testament to how automation now powers much of Solana’s trading activity. Traders are deploying more automation tools and bots than ever – but the process isn’t perfect, and a high rate of failed transactions indicates the presence of bot-driven activity. Ironically, the dominance of bot-driven trading makes the Solana Volume Bot even more necessary, as tracking real-time volume spikes – not just price movements – is crucial. The Solana Volume Bot does exactly that, letting you react to bot-driven flows while the crowd still sleeps. How It Works: Intelligent, Realistic Volume Simulation The bot deploys AI-powered tracking across major Solana DEXs, including: Raydium Meteora Pump.fun LetsBonk It isn’t just Solana, either; the Volume Bot also supports BSC, Base, and custom AMMs. The Solana Volume Bot injects organic-looking volume from fresh wallets. That means each trade originates from a unique address in order to mimic real retail behavior and avoid detection by DEX anti-bot filters. Trade size, timing, and frequency are randomized. As campaigns execute, traders can read the market while strategically boosting select tokens to achieve preset goals. Designed for Traders & Launch Teams Alike For traders, the bot produces real-time alerts for newly launched tokens hitting volume thresholds or trending on DexScreener. For project teams, the volume bot can produce instant visibility and trending status post-launch without requiring technical deployment. The interface runs through a one-click Telegram setup and includes options like 100K, 500K, 1M, or 10M+ volume packages. Unlike other bots, the Volume Bot isn’t focused on price movements. That’s because price movements often follow volume – and by deploying a bot to influence volume increases, traders can exert pressure on token price. The Solana Volume Bot gives traders greater control than they would otherwise have, without compromising natural market patterns. In fact, the tool works best when using bot-driven volume in tandem with real promotions and transparency to build trust. Recent Momentum & Industry Response With Solana’s ecosystem booming with real value throughput and DEX volumes skyrocketing in the first half of 2025, the competition for attention is fierce Automated tools are essential in Solana’s rapid environment, but not all bots are created equal. Responsibly designed mechanisms like the Solana Volume Bot, focused on organic-looking triggers and ethical disclosure, can carve out a unique space in Solana’s fertile ecosystem. Ready to make your move? Start tracking real, dynamic trading momentum across Solana and beyond. Opt into your free 25-transaction trial now, and begin spotting momentum from the very first block. As always, do your own research; this isn’t financial advice.
Chainlink (LINK) is attempting to reclaim a crucial area after recovering 10%, surpassing most of the market in the past day. Some analysts suggested that the altcoin is ready to break out to new highs, but warned that a rejection from the current levels could lead to volatile retests. Related Reading: Bitcoin Risks Drop Below $110,000 Despite Bounce – Is A 15% Pullback Coming? Chainlink Reclaims Key Levels On Wednesday, Chainlink led the crypto market as it started to recover from the recent pullback, which saw most cryptocurrencies retest their range lows for the first time in two weeks. LINK recorded the second-best performance among the top 100 cryptocurrencies, with an 11% increase in the past day. Notably, the altcoin hit a six-month high of $26.76 on Monday, after recovering 14% from the weekend lows. As it hit its multi-month high, analyst Ali Martinez pointed out that Chainlink added nearly 3,000 new addresses. According to the post, 2,995 new LINK addresses were created on August 18, the highest growth in 5 months. However, the start-of-week correction halted the bullish momentum, sending the cryptocurrency’s price to retest its breakout zone, around the $23.50 mark on Tuesday. After testing this area as support, Chainlink rebounded and reclaimed the $24.50-$25 range, briefly hitting the $26.50 barrier on Wednesday morning before retracing. Analyst Rekt Capital asserted that LINK is attempting to reclaim the $23.86-$34 price area after the recent performance. He highlighted that the lows of this range have historically been a “key support and successful retests here have enabled rallies to the Range High around $34.” Chainlink’s continued stability at the $23.86 level will be crucial for the rally to the range high. The market watcher noted that volatility below this range is possible as part of a volatile retesting process. LINK’s Levels To Watch The cryptocurrency’s monthly close is one of the most important levels to watch, as closing above the range low would position Chainlink for a bullish rally continuation. On the contrary, failing to reclaim this area in the monthly timeframe could lead to a deeper pullback toward the $19.41 level, not seen since the early August breakout. Rekt Capital explained that this level “has often acted as a volatile retest zone in bullish cycles, serving as a base for successful reversals, most prominently in mid-2021,” concluding that the cryptocurrency’s next move will be determined by a reclaim of the $23.86 resistance or a volatile retest of the $19.41 support. Altcoin Sherpa suggested that Chainlink will continue its path to the $30 barrier if the flagship cryptocurrency continues its uptrend. He affirmed that if Bitcoin loses the $110,000 support, LINK will likely see another dip. Related Reading: Bitcoin, XRP, ETH’s Pullback: Key Factors Behind The Recent Drop However, if BTC’s price stabilizes, the analyst considers that the altcoin could soar to the crucial resistance. Meanwhile, market watcher CW asserted that Chainlink faces one more key area before rallying to $30. According to the post, if LINK breaks through the current sell wall, around the $26.25-$26.75 levels, it will continue its run toward the $30 resistance, where another selling wall is situated. As of this writing, Chainlink trades at $26.15, a 35% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com