The Securities and Exchange Commission (SEC) through its Division of Corporation Finance has issued a statement regarding liquid staking. According to the agency, liquid staking activities do not involve the offer and sale of securities. As a result, the U.S. SEC does not require crypto protocols or fund managers to register with the Securities Act …
Tether CEO Paolo Ardoino has revealed that USDT accounts for 40% of all on-chain transaction fees across nine major blockchains, including Ethereum, Tron, and Solana. This dominance isn’t unexpected as stablecoins are increasingly seen as crypto’s “ChatGPT moment,” a breakthrough that makes digital value transfer faster, cheaper, and accessible across borders. Ardoino pointed out that […]
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Bitcoin is undergoing a sharp correction after losing the $115K support level, triggering a wave of uncertainty across the market. Following weeks of consolidation in a tight range, BTC has broken down, fueling debates among analysts about the asset’s short-term direction. Some experts warn that Bitcoin could face further declines as investors take profits and sentiment turns cautious. Others maintain a more optimistic view, suggesting that the correction is a healthy pause before BTC makes another attempt to reclaim its all-time highs. Related Reading: Bitcoin Investors Selling More Aggressively As Bull Cycle Matures: Risk Appetite Fades? Key data from CryptoQuant adds another layer to the analysis. Metrics indicate that Bitcoin is currently in an “overheated” state, with valuation indicators signaling excessive bullish momentum. This suggests that the current consolidation phase may extend further as the market works to reset. Until demand stabilizes and new liquidity flows in, Bitcoin could continue to trade in a volatile environment, with the $112K–$115K range acting as a critical battleground between bulls and bears. With the Federal Reserve’s monetary policy and global macroeconomic factors still in play, Bitcoin’s next major move will likely depend on a combination of market sentiment, institutional demand, and the broader risk appetite of investors in the coming weeks. Bitcoin Stock-to-Flow Model Signals Overvaluation Top analyst Darkfost recently shared insights on X, highlighting the significance of the Bitcoin Stock-to-Flow reversion (S2F) chart as a reliable indicator to assess Bitcoin’s valuation cycles. According to Darkfost, when the S2F metric rises above a value of 3, it typically indicates that Bitcoin is entering an overheated phase, signaling a high probability of a market correction. Currently, the S2F value is approaching this critical threshold, prompting Darkfost to caution investors that it may be an opportune moment to lock in profits before a deeper correction unfolds. Darkfost’s analysis points to historical patterns where similar S2F readings have preceded substantial price declines. In September 2021, Bitcoin dropped from $63,500 to $30,800 after the S2F metric crossed into the overvaluation zone. Again, in November 2021, BTC crashed from $67,000 to $15,800 following a peak S2F signal. More recently, in March 2024, Bitcoin corrected sharply from $73,000 to $54,000 after entering overheated territory. Related Reading: Bitcoin Demand Holds Strong Despite Price Drop: Accumulation Trend Remains Intact This preset alert system, designed for long-term market participants, serves as a strategic tool to help investors navigate Bitcoin’s volatile cycles. While the current correction might seem abrupt, Darkfost emphasizes that such pullbacks are essential for the market to reset and build a sustainable foundation for future growth. Investors are urged to remain cautious and monitor the S2F chart closely as Bitcoin navigates this critical phase. BTC Struggles To Reclaim The $115K Level Bitcoin is attempting to recover after its recent decline, currently trading around $115,019 as shown in the 8-hour chart. The price has managed to bounce from the $112K support zone but faces strong resistance at the $115,724 level, which previously acted as a key support during the two-week consolidation range in July. The 50-day and 100-day simple moving averages (SMAs) are now positioned just above the current price, adding to the overhead resistance. The 200-day SMA around $110,677 continues to provide solid support, keeping the overall uptrend intact for now. However, BTC must reclaim the $115,724 level and consolidate above it to regain bullish momentum. Related Reading: Bitcoin Inflows To Binance Accelerate: Investor Behavior Shifts After Months Of Decline Volume has been relatively low during the recent bounce, suggesting a lack of strong buying conviction. If Bitcoin fails to break above the $115K resistance decisively, it risks falling back to test the $112K zone again. On the upside, a successful breakout above $115,724 could open the path to retest the $122,077 all-time high resistance. Featured image from Dall-E, chart from TradingView
The gpt-oss-120b and gpt-oss-20b models are OpenAI's first open-weight language releases since GPT-2, with the smaller version needing just 16GB of memory to operate.
The U.S. Securities and Exchange Commission (SEC) has released new guidance clarifying that certain liquid staking activities in the crypto space do not qualify as securities offerings. The announcement marks a major step toward clearer regulation for US crypto market. According to the SEC, receiving a liquid staking token as proof of ownership doesn’t always …
In a new staff statement, the SEC clarifies that certain crypto liquid staking practices do not constitute securities offerings, marking a step toward clearer digital asset regulation.
The US Securities and Exchange Commission’s (SEC) Division of Corporation Finance issued new staff guidance stating that liquid staking does not automatically constitute a securities offering. According to an Aug. 5 statement, neither the liquid staking activities nor the associated staking receipt tokens (SRTs) constitute offers or sales of securities that require registration. The statement […]
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The debate around Bitcoin’s top for this cycle has been a major topic as market participants eye potential peaks later this year. Although some analysts have forecasted a blow-off top in October or November, Quinten Francois, a respected crypto market commentator, strongly disagrees. Drawing from historical data and market psychology, Francois believes that the current bull market is far from over and that expectations for a Q4 2025 top are “just not going to happen.” November Is Too Soon For A Bitcoin Peak Taking to the social media platform X, Bitcoin commentator Quinten argued that any expectations for a full market peak by November completely overlook how previous cycles have unfolded. He pointed out that in both 2017 and 2021, the altseason, the period when altcoins outperform Bitcoin, began in Q1 of those respective bull market years. Related Reading: Altcoin Season Loading As Bitcoin Dominance Crashes Toward 60% From that point, the retail-driven psychological cycle took roughly 9 to 12 months to fully play out. This time around, the analyst suggests that altseason hasn’t even started in earnest. The ETH/BTC ratio, often used as the criteria for altseason momentum, is only just beginning to reverse. Given this timing, Quinten noted that a cycle top occurring within the next two or three months is nearly impossible. The moment altseason begins marks the entry of broad retail participation, and from that point onward, it typically takes 9 to 12 months for euphoria and market excess to reach a crescendo. If history is any guide, the current psychological cycle is still in its early stages because the retail cycle hasn’t properly kicked in yet. This would push a market peak into the second or third quarter of 2026 at the earliest. Altcoin Cycle Will Determine If Peak Is Possible The only condition that could allow for a major top this year, Quinten admitted, would be an absence of an altcoin cycle altogether. That scenario, or a catastrophic black swan event, could short-circuit the retail cycle and lead to an earlier-than-usual top. However, the possibility of this happening is very low, and this psychological cycle simply cannot play out much quicker than 9-12 months. Related Reading: Altcoin Season Index Spikes Above 30, But Bitcoin Dominance Remains High, What Next? As such, Bitcoin’s price action is most likely to play out like it has always done. “If things unfold as they historically have (we can only count on this), then it’s just not going to happen,” he said. Although the analyst did not give a price target for the expected Bitcoin top for this cycle, other technical analysts have pointed to targets between $140,000 and $200,000. In another post on the social media platform, Quinten noted that Bitcoin is currently playing out its biggest bullish setup in history. This outlook is based on a current retest of an ascending trendline of all-time highs, which Bitcoin broke above in July. At the time of writing, Bitcoin is trading at $114,460, having declined by about 3.7% in the past seven days. Featured image from Pixabay, chart from Tradingview.com
The firm aims to reduce settlement times and foreign exchange fees with its USDSL stablecoin, issued by Bridge.
Three months into its full Bitcoin mining pivot, Chinese company Cango mined 450 BTC in July.
Bitcoin is facing selling near $115,000, but LTC, CRO, ENA, and MNT are bucking the trend and showing strength on the charts.
The total on-chain stablecoin transaction volume surged to a new all-time high of $1.5 trillion in July, marking a significant milestone in the sector. According to Sentora’s (formerly IntoTheBlock) data, this figure represents a sharp increase from the $1.26 trillion processed in June and surpasses the previous high seen in August 2024, when volumes topped […]
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In the face of growing market uncertainty, a Shiba Inu developer, Kaal Dhairya, has spoken out on X about the project’s internal problem and the team’s top priorities. As SHIB begins August with a market dip, slipping further down the crypto rankings, and facing growing competition, Dhairya is drawing attention to the internal struggles holding the ecosystem back. Shiba Inu Primary Challenge Revealed According to Kaal Dhairya, the biggest issue holding Shiba Inu back is not the market, but what’s happening inside the community, highlighting the ongoing splits slowing down SHIB’s development and holding back its progress. He says rather than evaluating projects based on their potential benefits to Shibarium and SHIB holders, decision-makers often base their choices on personal opinions and bias. Related Reading: Spot Ethereum ETFs Set A New Record In July With $5.4 Billion Monthly Inflow Dhairya gave a past example to show how things used to be different. He mentioned how the K9 project thrived under the support and guidance of trusted community members like himself and another developer, Shytoshi Kusama. Back then, no one saw it as a scam or a quick cash grab, and the community supported it. But now, he says, even legitimate projects get caught in the crossfire of personal rivalries and distrust. Individuals who have already raised significant amounts of money from the SHIB community or built influence under changing identities often drive this tension. He added that while it is typical for projects to hire advisors or influencers to promote their tokens in return for payment, he believes the SHIB community should aim for something better. Dhairya emphasized the need for openness and honesty within the community regarding personal gains from promoting or advising a project as part of that higher standard. Top Priority: Building Unity And Community Governance With the market turning and the cryptocurrency dropping under the top 20 in the rankings, Dhairya clarified that the main priority now must be unity. Shiba Inu saw a 9% rise in July, but that momentum quickly faded. By early August, SHIB had dropped over 2%, falling from a high of $0.00001437 on July 28 to a low of $0.0000116 on August 2. The token has now dropped to the 22nd spot in the crypto rankings, with a market cap of $7.17 billion. Related Reading: Ripple Exec Reveals What Will Drive The XRP Price Value Instead of being divided by internal arguments, Dhairya wants the community to unite and tackle the external challenges, especially in light of SHIB’s recent price drop. These include rival projects that have pushed the cryptocurrency out of the top 10 and major web3 companies and crypto infrastructures that continue to overlook Shiba Inu. He also mentioned centralized exchanges that earn large profits from SHIB but do not show the community the respect it deserves. To face these outside forces, Dhairya stressed implementing practical decision-making tools, eliminating favoritism, and supporting projects that add actual value to the ecosystem. The developer also underscored the need to empower Shiba Inu’s decentralized autonomous organization (DAO) as the future lies in building a fair, community-led system where every “Shibizen” has an equal voice. He further suggests a quad-token governance model and adherence to ethical guidelines, like the Great Canine Code, to keep leaders accountable and prevent misuse of power. Featured image from Unsplash, chart from TradingView.com
Increased demand for downside protection reflects macro risks, not an imminent Bitcoin price collapse, which could help BTC avoid a trip down to $110,000.
The drop came amid a market sell-off triggered by bitcoin's drop to $112,800, which sparked $360 million in liquidations in 24 hours.
Ethereum (ETH) has been facing heightened volatility over the past week, following a sharp correction from its recent local high at $3,940 down to $3,360. After weeks of aggressive buying activity and bullish momentum, the market is now showing signs of fatigue. Analysts are growing cautious, with many warning that a deeper correction could be imminent if Ethereum fails to reclaim key support zones. Related Reading: Bitcoin Demand Holds Strong Despite Price Drop: Accumulation Trend Remains Intact Adding to these concerns, fresh data reveals a significant shift in market dynamics. The taker buy/sell ratio — a key indicator that tracks the aggressiveness of buyers versus sellers — has sharply declined into negative territory today. This signals that sellers are currently dominating the order books, applying sustained pressure on ETH’s price action. While some view this as a typical cooldown phase after a major rally, others believe Ethereum is entering a riskier phase where bearish sentiment could intensify if support fails to hold. The coming days will be critical in determining whether ETH stabilizes around current levels or slides further into correction territory. Ethereum Faces Short-Term Selling Pressure According to top analyst Darkfost, Ethereum’s taker buy/sell ratio has dropped sharply into negative territory today, reaching 0.87—one of the lowest levels recorded since the start of the year. This metric, which measures the ratio of aggressive buyers to sellers in futures markets, reveals that selling pressure is now firmly in control of ETH’s order books. Although today’s data is still incomplete, the current reading already indicates a dominance of sell orders on Ethereum futures. Darkfost notes that this shift has been developing for several weeks. Since July 18th, the taker buy/sell ratio has been mostly negative, which correlates with Ethereum’s recent inability to break through key resistance levels and its transition into a short-term consolidation phase. While this may seem concerning for bullish traders, Darkfost emphasizes that such consolidations are a normal part of market cycles, especially after a strong rally. He suggests that Ethereum could face a challenging period in the short term, as market sentiment remains fragile and sellers continue to control intraday movements. Related Reading: Bitcoin Investors Selling More Aggressively As Bull Cycle Matures: Risk Appetite Fades? However, this phase might offer a healthy foundation for the next leg up. If Ethereum manages to stabilize and consolidate above critical support zones, the broader trend remains favorable. Long-term fundamentals, including on-chain accumulation and growing institutional interest, still point toward upside potential once this phase of selling pressure eases. Price Analysis: Bulls Attempt Recovery After Sharp Decline Ethereum is currently trading at $3,654.60, attempting to stabilize after a sharp correction from its recent highs around $3,940. The 4-hour chart shows a recovery bounce that met resistance near the 50-period SMA (currently at $3,668.28), signaling that bulls are facing strong selling pressure at this level. Despite the bounce, ETH remains below the key horizontal resistance at $3,860.80, which has capped multiple upward attempts in recent weeks. The bullish attempt to reclaim momentum earlier today was rejected near this level, leading to a quick retracement back into the $3,600-$3,650 zone. The 100-period SMA (green line) at $3,695.32 is acting as dynamic resistance, while the 200-period SMA (red line) at $3,303.42 serves as a longer-term support level should the correction deepen. Related Reading: Bitcoin Inflows To Binance Accelerate: Investor Behavior Shifts After Months Of Decline Volume spikes indicate that buyers are stepping in aggressively on dips, but overall, Ethereum remains in a short-term consolidation phase between $3,850 and $3,350. A decisive breakout above $3,860.80 is required to regain bullish momentum, while failure to hold above $3,600 could expose ETH to another retest of lower support levels around $3,300-$3,350. Featured image from Dall-E, chart from TradingView
Five years after our last global crypto policy review, America leads a pro-crypto shift while China retreats, and new “sovereign innovators” like El Salvador chart bold paths.
The new tool is part of the Coinbase Developer Platform (CDP) and lets developers integrate self-custodial wallets into their apps without any hiccups.
PEPE lost nearly 4% of its value in 24 hours amid a broader market sell-off, with its price falling from $0.00001083 to $0.00001002.
Michigan's increased Bitcoin ETF investment signals growing institutional crypto adoption, potentially influencing other state funds and policies.
The post Michigan state pension fund triples Bitcoin ETF investment in Q2 appeared first on Crypto Briefing.
ADA struggled to hold $0.740 amid broader crypto weakness, heavy trading volume and distribution pressure following the NIGHT token airdrop.
Trading volatility intensifies as NEAR tumbles 5% before establishing support.
On Aug. 4, US spot Ethereum exchange-traded funds (ETFs) saw $465.1 million in net outflows, marking the largest single-day withdrawal since their launch. SoSo Value data shows that BlackRock’s ETHA fund was the primary contributor, with $375 million in outflows, setting a new record for the fund and ending its 21-day streak of consecutive inflows. […]
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Bitcoin lacks upward momentum as eyes fall on old all-time highs near $109,000 — can upside liquidity provide the springboard bulls need?
Michael Saylor has once again stirred excitement in the crypto space with a powerful post on X, sparking fresh buzz around Bitcoin’s future. Saylor’s Bold Bitcoin Message His new post sends a clear message: Bitcoin is the future. Standing on the Golden Gate Bridge with the caption “Bridge to Tomorrow”, he suggests BTC is the …
A stalwart in showing strong economic activity, the ISM Services PMI has notably slower over the past three months.
Cosmos’ ATOM token rebounds sharply from $4.18 lows, forming a new support base amid strong institutional buying.
Price action remained volatile between $2.83 and $3.11, with short-term upside stalling at resistance levels while volumes surged past 110 million XRP — including a $33 million one-minute transaction that spooked order books.
Switzerland’s fully open LLM merges transparency, sustainability and Web3 utility designed for research, DeFi and AI compliance.
The Philippine Securities and Exchange Commission (SEC) has flagged ten prominent crypto exchanges, including OKX, Bybit, KuCoin, and Bitget, for operating in the country without the necessary approval. On Aug. 4, the SEC issued a public warning advising residents to avoid engaging with these unregistered platforms, which have not secured licenses to operate or solicit […]
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