DeFi promised to rebuild the financial system from the ground up. Moving from early experiments to everyday utility demands an upgrade.
A Power of 3 pattern suggests a $126,000 target for Bitcoin after a leverage reset, but BTC price must first flip its immediate resistance level into new support.
A sophisticated supply chain attack on Seychelles-based crypto exchange BigONE led to a $27 million theft from hot wallets, without exposing private keys.
Compass Point warns of choppy trading, rising competition, and skepticism around stock trading and crypto regulation reforms in 2025.
Bitcoin is walking a fine line again. After sliding for six straight trading sessions, the world’s largest cryptocurrency bounced back from a key support level around $114,432. That small rebound is catching attention, but it’s not enough to suggest a strong rally is around the corner. Related Reading: Spot Bitcoin ETFs Bleed Over $800 Million: Second‑Largest Exit Ever – Details Labor Data Fuels Fed Speculation Recent economic data in the US isn’t helping much. Reports showed that job growth came in weaker than expected, with the unemployment rate rising to 4.2%. Average hourly wages only went up by 0.3%, pointing to a cooling labor market. These numbers are adding weight to the idea that the Federal Reserve might soon hit pause on interest rate hikes—or even lower them. That possibility matters a lot for assets like Bitcoin, which tend to do better when borrowing is cheaper and liquidity is high. A shift in central bank policy could push more institutional investors back into the market. But for now, the mood is cautious. While some investors are quietly adding to their positions, many are waiting to see what the central bank does next. ETF Inflows Show Mixed Signals Bitcoin ETFs in the US saw strong demand in June and July. Based on figures from MarketWatch, total inflows into spot Bitcoin ETFs crossed the $50 billion mark by mid-July. That’s a big milestone. It shows that Bitcoin is no longer just a niche interest—it’s part of how big institutions think about their portfolios. Meanwhile, global tension continues to push some investors toward Bitcoin. Rising unrest in the Middle East, the ongoing war between Russia and Ukraine, and China’s tightening grip on trade and key supplies are all reasons why people are looking for assets that sit outside government control. Bitcoin, while not as trusted as gold just yet, is increasingly seen as a backup plan. Related Reading: Slow And Steady: Bitcoin’s Current Rise Feels Different—Study Bitcoin’s Support Still Holds Above $100K Despite the shaky short-term action, Bitcoin still looks stronger under the hood. On-chain data shows that more holders are staying in for the long haul. At the same time, there’s less borrowing for risky trades. These trends suggest the market is shifting away from hype and moving toward value-based buying. As long as Bitcoin stays above $100,000, analysts believe the larger trend is still intact. Pullbacks, like the one this month, could just be part of a bigger pattern. If the Fed makes a dovish move later this year, a fresh wave of capital could come in by the fourth quarter. Featured image from Meta, chart from TradingView
Nexus Mutual has paid about $250,000 in claims to users hit by July’s $3.5 million Arcadia Finance hack on Base.
Aave DAO has repurchased 70,000 AAVE tokens, or 0.5% of its total supply, in less than six months of its token buyback initiative. In an Aug. 4 post on X, DeFi analysis platform Token Logic stated that the platform acquired these tokens for $15.7 million at an average purchase price of $223.33 per token. The […]
The post Aave DAO buyback strategy nets $2.6 million in unrealized profits appeared first on CryptoSlate.
BitMine, Verb, and Sequans expand digital asset strategies with major crypto acquisitions, pushing stocks higher.
Tesla has just awarded CEO Elon Musk a massive $29 billion in stock, according to Reuters. This is to keep him leading the company as it shifts focus from its slowing car business to AI and robotics. This comes at a critical time as Tesla’s core electric vehicle business is losing steam. To stay ahead, …
Bullish's IPO strategy highlights the growing integration of stablecoins in traditional finance, potentially influencing future regulatory frameworks.
The post Peter Thiel-backed exchange Bullish targets $4.2 billion valuation, plans to convert IPO proceeds into stablecoins appeared first on Crypto Briefing.
French political party Rassemblement National is reportedly preparing a draft law to mine Bitcoin with surplus nuclear energy.
Bitcoin is currently trading at critical levels after a sharp decline to the $112,000 zone, sparking panic among investors who fear this could mark the beginning of a broader bear market. After weeks of tight consolidation, the sudden drop has triggered concerns of a deeper correction, especially as short-term holders (STH) are forced to either realize losses or hold underwater positions. Related Reading: Bitcoin Inflows To Binance Accelerate: Investor Behavior Shifts After Months Of Decline However, not all analysts are sounding the alarm. Top analyst Axel Adler argues that while the market is experiencing typical late-stage bull cycle behavior, the broader uptrend remains intact. Adler points out that as bull markets mature, investor risk appetite naturally decreases, leading to increased profit-taking and short-term selling pressure. This creates temporary headwinds but doesn’t necessarily signal a trend reversal. Long-term holders (LTH) remain in solid profit territory, showing no signs of capitulation. Their conviction continues to provide foundational support for Bitcoin’s price structure. This is a normal phase in bull markets, where short-term volatility shakes out weaker hands before continuation. Bitcoin Harmonic Mean of NUPL and MVRV Signals Cycle Maturity According to Adler, the Bitcoin Harmonic Mean of NUPL (Net Unrealized Profit/Loss) and MVRV (Market Value to Realized Value) reveals a clear shift in investor behavior as the bull cycle matures. Adler’s data shows that in March and December 2024, this combined metric peaked above 1.9, marking periods of strong market conviction where investors continued holding despite elevated profit margins. However, the current readings show a noticeable decline, with the harmonic mean forming a lower peak, signaling that holders are becoming more inclined to realize profits rather than hold through new price surges. Adler points out that each rally now brings a smaller marginal premium to holders’ cost basis, which translates into increasing selling pressure as the market struggles to sustain higher valuations. This does not mean the bull market is over, but it does indicate that investor risk appetite is diminishing. Profit-taking activity is gradually outweighing the influx of new demand, which could cap future rallies. Nevertheless, Adler expects two more significant rallies in this cycle, driven by macro catalysts such as the anticipated two Federal Reserve rate cuts later this year. These events could reignite market momentum and push Bitcoin to new highs. However, Adler warns that after these final pushes, selling pressure from long-term holders may outweigh fresh demand, leading the market into a broader correction phase. Related Reading: Exchanges Receive 21,400 Bitcoin At A Loss From Short-Term Holders – Retail Capitulation? Price Analysis: Testing Resistance After Breakdown Bitcoin (BTC) is currently trading at $114,690, attempting to recover after a sharp breakdown below the $115,724 support, now acting as resistance. The daily chart shows BTC forming a modest rebound after reaching a local low of $112,200, with price action consolidating around the 50-day Simple Moving Average (SMA) at $112,218. This moving average provided strong support during the recent correction, preventing a deeper decline towards the $110K zone. The next critical level to watch is the $115,724 resistance. A daily close above this level would signal a potential reclaim of the previous range, increasing the probability of a retest of the $122,077 local high. However, if BTC fails to break this level convincingly, it could indicate that bears are still in control, leading to a possible retest of the 50-day SMA support. Related Reading: Over 1-M Ethereum Withdrawn From Exchanges In 2 Weeks: Supply Shock Incoming? Volume remains subdued compared to previous rallies, suggesting a lack of strong buying momentum. The 100-day SMA at $107,926 and the 200-day SMA at $99,345 remain key dynamic support levels should further downside pressure emerge. Featured image from Dall-E, chart from TradingView
The company plans to sell 20.3 million ordinary shares at $28-$31 per share.
PulseChain, the Ethereum-compatible powerhouse, is rapidly solidifying its position in the DeFi space with a mature and expanding ecosystem. Developers and users are increasingly leveraging its low fees, rapid transactions, and seamless Ethereum compatibility. Core components like PLS, pDAI, and the PulseX DEX are not just concepts, but active pillars shaping PulseChain’s distinct value proposition. …
Bitcoin futures began August with a significant recalibration in positioning. In the first four days of the month, aggregate futures open interest (OI) fell from $83.63 billion to $79 .85 billion, a $3.78 billion drop in notional terms. This followed Bitcoin’s price dropping around 2.8%, indicating that most of the decline stemmed from position closures […]
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Hyperliquid’s rapid response may boost confidence in decentralized trading platforms, which are gaining market share on centralized exchanges.
An interview with Blue, the pseudonymous founder of Oh Whale, on blending DeFi with marine conservation, staying anonymous for safety, and building real value beyond hype. In a space known for anonymity and volatility, few projects dare to build trust without exposing their identities. Fewer still combine tokenomics with tangible, real-world impact. Oh Whale does …
Verb Technology's strategic pivot to Toncoin could accelerate crypto adoption, influencing digital commerce and treasury management trends.
The post Nasdaq-listed Verb Technology secures $558 million to launch first publicly traded Toncoin treasury strategy appeared first on Crypto Briefing.
BitMine, led by Tom Lee, has announced that it now holds more than 833,000 ETH valued at $2.9 billion, making it the largest Ethereum treasury globally. Over the past 35 days, BitMine (BMNR) aggressively grew its ETH reserves with a goal to control 5% of the total supply and generate yield through staking. Backed by …
The Qubic mining pool, which is attempting a 51% attack on Monero, is allegedly being hit by a distributed denial-of-service attack linked to the Monero community.
Stellar (XLM) was also a top performer, gaining 3.7% from Friday.
USDe’s market cap surged from approximately $5.33 billion on July 17 to over $9.3 billion by August 4, marking a nearly 75% increase and propelling it into the number three slot among all stablecoins, behind only USDT and USDC. The sudden rise has positioned Ethena’s synthetic dollar among top-tier stablecoins while also raising questions about […]
The post Ethena’s $9.5B USDe could now challenge USDC’s number 2 spot by 2027 appeared first on CryptoSlate.
Bitcoin’s multi-month rally appears to have hit a significant wall, with a confluence of bearish signals emerging across both weekly and daily charts.
The Pi Network community is filled with anticipation, many are asking: Is Pi Network going fully open source in September 2025? With talk of a mainnet launch and new ecosystem updates on the horizon, it’s time to separate fact from rumor. So, is Pi going open source next month? Where Did the Claim Start? This …
Ondo Finance’s July moves may fuel an ONDO rally this month, says a popular crypto analyst citing acquisitions, partnerships, and regulatory momentum.
An analysis of an OnlyFans model’s earnings suggests the so-called stripper index doesn’t hold up when applied to digital adult content and Bitcoin.
The ETH price has displayed renewed bullish momentum in the most recent session. This advancement occurred following a sharp dip to $3,357 earlier in August. Since then, the Ethereum price has surged past $3,550, with multiple technical patterns and significant whale accumulation. Now, experts are pointing toward a potential breakout beyond $3,900 and possibly $4,100 …
Jürgen Blumberg, who spent over two decades at Goldman Sachs, Invesco and BlackRock heading ETF businesses, will focus on bridging DeFi and traditional finance.
On-chain analytics platform Arkham Intelligence recently uncovered the biggest crypto hack ever. The hack involved stolen Bitcoin worth $3.5 billion at the time, now worth $14 billion, which is larger than the $1.5 billion Bybit hack this year. Arkham Intelligence Unveils $14 Billion Hack on Chinese Mining Pool LuBian In an X post, Arkham revealed that it had uncovered a $3.5 billion Bitcoin heist, the largest ever. This hack was on LuBian, which was a Chinese mining pool with facilities in China and Iran. The analytics platform stated that 127,426 BTC appears to have been stolen from LuBian in December 2020. These coins, which were worth $3.5 billion at the time, are now valued at $14.5 billion based on the current Bitcoin price. Related Reading: From Riches To Chains: Crypto King Arrested For Torturing Bitcoin Investor In Horror Scheme Furthermore, the platform noted that neither LuBian nor the hacker has publicly acknowledged the hack since it took place in 2020. At the time, the Chinese firm was one of the world’s largest mining pools, controlling almost 6% of the Bitcoin network’s total hash rate as of May 2020. Arkham revealed that the mining pool appears to have been first hacked on December 28, 2020, for over 90% of its BTC. The hacker subsequently stole around $6 million worth of BTC and USDT on December 29 from a LuBian address that was active on the Bitcoin Omni layer. On December 31, LuBian then rotated its remaining funds to recovery wallets. This hack trumps the Bybit hack of $1.5 billion, which occurred on February 21 earlier this year. Unlike the LuBian hack, which involved Bitcoin, hackers stole over 400,000 ETH from Bybit’s cold wallets through social engineering. As a result, the hackers were able to authorize these transfers despite the wallets being multisig. Attempts To Recover The Stolen Bitcoin Arkham also revealed that LuBian had made attempts to recover the stolen Bitcoin by contacting the hacker. The Chinese mining pool had sent OP_RETURN messages, in which it asked the hacker to return their funds. The analytics platform stated that the firm spent 1.4 BTC across 1516 different transactions to send these messages. Related Reading: Coinbase’s $400 Million Breach: What Really Happened And How Did Customers Get Exposed? Arkham claimed that the messages suggest that this was not a spoof from another hacker who had brute-forced the private keys. This appears to have been how LuBian was hacked in the first place, as the mining pool is said to have been using an algorithm to generate private keys that were susceptible to brute-force attacks. Arkham revealed that LuBian still holds 11,886 BTC, currently worth around $1.35 billion. Meanwhile, the hacker still holds the stolen Bitcoin, which they are known to have last consolidated in another wallet in July 2024. Thanks to Bitcoin’s surge over the years, the LuBian hacker is now the 13th largest BTC holder based on Arkham data, ahead of the Mt. Gox hacker. Featured image from Unsplash, chart from Tradingview.com