Bitcoin trades at a critical level, holding steady above $118,000 but failing to gain momentum for a breakout. Price action has continued to tighten over the past several days, and analysts now anticipate a major move once either key supply zones are absorbed or demand breaks below. The market sits on edge, waiting for confirmation of the next trend. Related Reading: Bitcoin Demand Builds at $117K: Cost Basis Distribution Defines Key Support Level Fresh data from CryptoQuant highlights a notable shift in long-term holder (LTH) behavior. At $118K, LTH supply began to decline, signaling the start of a distribution phase. These holders, known for accumulating during downtrends and selling into strength, are now gradually offloading their positions. This transition often marks the later stages of a bullish trend and echoes patterns from previous macro cycles. As Bitcoin struggles to break past resistance and LTHs reduce exposure, pressure continues to build. A clean breakout above the current range could reignite momentum and drive BTC to new highs, while a break below support may trigger a sharper correction. Either way, the current standoff won’t last much longer. The coming days could bring the decisive move that sets the tone for Bitcoin’s next major leg. LTH Distribution Begins As Bitcoin Mirrors Fall 2024 Pattern Top analyst Axel Adler has highlighted a key development in Bitcoin’s current structure. According to Adler, LTH supply has declined by 52,000 BTC so far, marking a significant shift in behavior. These holders, typically seen as the market’s most patient participants, are now beginning to reduce their exposure—just as Bitcoin remains locked in a tight consolidation range. This shift from accumulation to distribution closely mirrors the LTH behavior seen during fall 2024, when Bitcoin climbed from $65,000 to $100,000. In that period, long-term investors steadily sold into strength as the market pushed higher, locking in profits as late-stage momentum kicked in. Adler suggests that if the current trend continues, the distribution phase will intensify with each price leg up—just as it did in previous macro cycles. The timing of this transition is critical. Bitcoin continues to hover just below all-time highs, while altcoins have begun to show signs of increased volatility. As Ethereum and other major assets begin to move more aggressively, capital rotation may accelerate. Whether this benefits or pressures Bitcoin remains to be seen. Related Reading: TRON Sees $1B USDT Mint: Liquidity Wave Incoming? BTC Holds Steady As Tight Range Continues Bitcoin remains in a tight consolidation range between $115,724 and $122,077, with the 4-hour chart showing price currently hovering around $118,817. After bouncing from the lower boundary last week, BTC has managed to recover and now trades above the 50 SMA ($118,175), 100 SMA ($118,228), and well above the 200 SMA ($113,777). These moving averages have flattened, reflecting the ongoing equilibrium between buyers and sellers. Despite several tests of the $118K zone, BTC continues to respect the key support levels, showing resilience as selling pressure remains muted. Volume, however, remains low—suggesting that traders are still in wait-and-see mode, looking for a decisive breakout before committing to larger positions. Related Reading: Ethereum CME Futures Open Interest Hits Record $7.85B – Is ETH Overheating? The upper resistance at $122K remains untouched since mid-July, and each approach has been met with rejection. A clean break above this level with volume confirmation would signal a continuation of the broader uptrend and could trigger a move toward new all-time highs. On the downside, a break below $115K would invalidate the current structure and likely lead to increased volatility. Featured image from Dall-E, chart from TradingView
SharpLink has generated approximately $3 million in rewards from staking its 438,190 Ethereum holdings, according to a company update released on July 29. According to the firm, it has leveraged staking rewards and equity issuance to expand its ETH treasury during the past week. To date, the company has earned 722 ETH, worth around $2.7 […]
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The next frontier for crypto innovation is clear: Decentralized physical infrastructure networks need a tailored legal framework to unlock their full potential. It’s time for lawmakers to provide regulatory clarity for DePIN.
Pyth Network has launched live, onchain price feeds for 85 major Hong Kong stocks, removing access barriers and enabling real-time financial data integration.
The move is part of the firm's broader push towards enabling 24/7 trading with all kinds of assets using blockchain rails.
Bitcoin investment firm Twenty One Capital is set to receive 5,800 BTC from stablecoin issuer Tether as it prepares for its upcoming public listing, according to a July 29 statement. This inflow would bring the firm’s total Bitcoin holdings to over 43,500 BTC, making it the third-largest corporate holder globally. It would rank just behind […]
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Binance and WazirX face scrutiny as India investigates cross-border wallet flows and security risks. Globally, investigative agencies have been acting against illicit crypto funding.
A critical access control bug in SuperRare’s staking contract — easily detectable by unit tests or even ChatGPT — allowed an attacker to steal $731,000 in RARE tokens.
Samourai Wallet co-founders have changed their pleas after pleading not guilty last year to charges related to their mixer service.
Algeria's crypto ban may stifle innovation and deter tech-savvy youth, potentially hindering economic diversification and digital growth.
The post Algeria bans all crypto activity; violators face up to one year in jail and $7,700 fines appeared first on Crypto Briefing.
Cosmos hits 100-chain milestone as ATOM tests $4.56 support amid sustained selling pressure.
The Hong Kong Monetary Authority encouraged firms to apply for a stablecoin license by the end of August.
Hong Kong’s stablecoin rules are set to launch this August, and JD.com is quietly making its move. According to local media, JD CoinChain, JD.com’s blockchain arm, has registered the names “JCOIN” and “JOYCOIN”, which are believed to be the company’s upcoming stablecoins, as per a report from Hong Kong media outlet, Ming Pao. JD’s Stablecoin …
Solana co-founder Anatoly Yakovenko is facing backlash from the crypto community over his comments about meme coins and non-fungible tokens (NFTs). Yakovenko made these remarks against these tokens despite his network being home to most of the top meme coins by market capitalization. Crypto Community Reacts To Solana Founder’s Comments The crypto community criticized Anatoly Yakovenko following his X post, in which he described meme coins and NFTs as “digital slop” and ones that have no intrinsic value. The Solana founder added that, like a mobile game loot box, people spend $150 billion a year on mobile gaming, in reference to his ideology about meme coins and NFTs. Related Reading: These Two Bearish Scenarios Put Solana Price At $162 After Fakeout Crypto marketer Anastasiia Bobeshko described the Solana founder’s comments as being funny, considering the traction that memes have brought into the Solana ecosystem. She further noted that the network made $1.6 billion in the first half of 2025 thanks to these meme coins. Another member of the crypto community, Ethereum developer Hanniabu, had earlier echoed a similar sentiment, suggesting that the network would be nothing without meme coins. Null, a member of the BONK community, declared that the Solana network would have never been where it is today without meme coins. Yakavenko replied sarcastically, saying, “Absolutely. Without lootboxes, iOS would have negligible revenues for Apple.” Meanwhile, Crypto community member Art Chick asked the Solana founder if he had a problem with memecoin traders spending $150 billion a year on his chain, but they don’t see it as mobile gaming. Yakovenko responded and alluded to an earlier reply in which he explained that what is important is the need to monitor data, fix problems, use snipers, and work towards sandwich-resistant market implementations. Difference Between Solana and Base Meme Coins It is worth noting that the Solana founder’s comment about meme coins stemmed from when he criticized a comment from Base’s lead developer Jesse Pollak, who suggested that Zora meme coins (which are Base tokens) are more valuable than those from Solana’s Pump.fun. In response, Yakovenko asked Pollak if Zora coins have any claims on future cash flows from creators, something which Pump.fun has. Related Reading: Top Meme Coins Stealing The Spotlight As Bitcoin Price Hits $118,000 ATH Pollak then clarified that each coin’s value depends on their fundamentals, which is why he believes that not all meme coins are the same. However, the Solana founder doesn’t believe meme coins as a whole have any “intrinsic value.” Despite his comment, these meme coins, especially the top ones like Fartcoin, BONK, PENGU, and TRUMP, continue to contribute to a significant amount of the daily trading volume on the network. Notably, the Solana price surged to a new all-time high (ATH) of $294 in January, around the time the TRUMP meme coin first launched. SOL witnessed a significant surge in its demand at the time, with investors requiring the altcoin to purchase the meme coin. At the time of writing, the Solana price is trading at around $183, down over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Support has been established in the $3.91-$3.93 range, with resistance between $4.03-$4.07.
InternetX partners with D3’s Doma Protocol to tokenize 22 million domains, aiming to bring traditional web domains into the Web3 ecosystem.
The combination of Web3 and the influential Model Context Protocol (MCP) might just be a new foundation for decentralized AI, says Jesus Rodriguez, Co-founder of Sentora.
Robinhood’s crypto expansion and introduction of EU tokenized equities spur a long-term valuation boost, analysts said.
Linea, a Layer-2 network built on Ethereum, has introduced a comprehensive roadmap to strengthen its integration with the Ethereum ecosystem, according to a July 29 statement shared with CryptoSlate. At the heart of the plan is a new ETH-native staking system that enables bridged ETH to earn yield directly from Ethereum’s mainnet validators. This will […]
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SharpLink has now bought more than 438,000 ETH, but BitMine’s total holdings exceed 625,000 ETH — highlighting the fierce competition between the two largest ETH treasury players.
The transaction was backed by sixty institutional and crypto-native investors, including Polychain Capital, GSR.
The move could significantly influence Bitcoin's market dynamics and highlight the growing trend of crypto integration into traditional finance.
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Corporations have accumulated 1% of all Ether since June, with Standard Chartered forecasting 10% ownership as institutional appetite for ETH continues to grow.
The firm, led by Joesph Lubin, has emerged as one of the largest corporate ether holders since its pivot to a crypto treasury strategy.
Crypto markets are under pressure as bearish momentum tightens its grip on several altcoins. SUI continues to slide below key moving averages, signaling sustained weakness, while FARTCOIN extends its downtrend with a series of lower lows and highs. With both assets nearing critical support levels and momentum indicators flashing warning signs, a bounce is coming, or downside could be imminent. Bearish Momentum Builds As SUI Trades Below Key Moving Averages In a recent post, Gemxbt highlighted that SUI is currently locked in a downtrend, with the price trading below its 5, 10, and 20-period moving averages. This alignment of short-term averages below the current price level signals sustained bearish momentum, as sellers continue to dominate market activity. Related Reading: SUI MACD Signals Massive Rally Ahead — 400% Price Surge Possible Adding to the cautious outlook, the Relative Strength Index (RSI) is hovering near oversold territory, which often indicates weakening selling pressure. While this suggests that SUI could be due for a short-term bounce or relief rally, it is not yet a strong reversal signal on its own. The Moving Average Convergence Divergence (MACD) indicator remains firmly in bearish territory, reinforcing the idea that downward momentum may persist in the near term. The lack of a bullish crossover or divergence in the MACD lines suggests that sellers still have the upper hand. Gemxbt pointed out that the key support level to watch is around $3.92. A drop below this level could accelerate the decline, while a rebound from it, especially with a noticeable increase in volume, might indicate a shift in sentiment. Until such a volume-driven move occurs, the overall trend remains downward. Bearish Structure Intact As FARTCOIN Forms Lower Lows And Highs According to Gemxbt in another post, FARTCOIN is currently exhibiting a bearish market structure, characterized by a series of lower highs and lower lows. This pattern points to sustained selling pressure, with bears firmly in control of the price action for now. Related Reading: Fartcoin Reaches Critical Make-Or-Break Level: Analyst Reveals What Could Happen From $0.77 Fartcoin’s RSI is approaching oversold territory, which could indicate that the asset is nearing a point where a short-term bounce or relief rally might occur. However, while the RSI hints at a possible rebound, it does not yet confirm any shift in the prevailing downtrend. Meanwhile, the MACD continues to reflect bearish momentum, with no signs of a bullish crossover. This reinforces the broader downtrend and suggests that any potential bounce may be limited unless momentum indicators begin to shift more favorably. The analyst went on to state that key support is currently identified around the 0.0003500 level, while resistance lies near 0.0004500. A decisive break of either of these levels could determine the next significant move for FARTCOIN. Featured image from Adobe Stock, chart from Tradingview.com
Veda protocol has appointed former SEC senior counsel TuongVy Le as general counsel, weeks after securing $18 million in venture capital funding.
Ethereum is entering a new phase of institutional adoption. From treasury strategies to bullish price targets, it is getting serious attention from corporate and financial players. As per a recent report from Standard Chartered, institutional treasuries now hold around 1% of ETH’s total circulating supply. But that’s just the beginning. The bank believes that this …
Snaky Way ($AKE) is slithering into the crypto jungle, riding the symbolism of the Chinese zodiac’s Year of the Snake with a presale that’s as slick as its name. This isn’t just another meme coin jumping on the hype train, it’s coiling up at the sweet spot where viral trends meet real utility, all while keeping that cheeky meme energy investors love. Built for both meme coin degenerates and serious crypto hunters, Snaky Way promises more than just short-term laughs. It’s packing unique features designed to set it apart from the usual pump-and-dump crowd—giving you a project that’s equal parts fun, functional, and future-focused. Multichain Architecture Expands Reach Unlike many single-chain projects, Snaky Way is designed to operate across multiple blockchains. $AKE will be accessible on networks including Ethereum and Binance Smart Chain, enhancing liquidity, lowering transaction costs, and broadening user participation. The multichain model accelerates adoption ($AKE gets bigger, faster, for longer) and provides a flexible foundation for future expansions, making the token accessible regardless of user preference for blockchain infrastructure. High-Yield Staking Incentives Attract Early Participation Snaky Way’s staking platform is a core feature of the project’s ecosystem, offering users an opportunity to earn returns by locking up their tokens. Staking APYs for the presale are above 10,000% dynamic, with over 78M $APE staked. Staking reduces the circulating supply, builds community loyalty early on, and potentially contributes to price stability post-launch. From Meme to Utility: Gaming, AI, and Strategic Roadmap While branding itself as a meme coin, Snaky Way aims to deliver functionality beyond internet culture. The platform supports staking, play-to-earn gaming, and will implement AI-powered mechanisms (buybacks, marketing) to assist in long-term value. Competitive Gameplay and Token-Driven Tournaments A play-to-earn game forms another layer of the project’s ecosystem. Grow your snake, rank on leaderboards, and earn $AKE prizes in tournaments. With games accessible on both desktop and mobile, the competition encourages viral engagement and incentivizes player retention through rewards and referral bonuses. AI Buyback Mechanism Targets Market Resilience Snaky Way’s use of AI supports token price stability. The AI system will monitor market conditions and perform buybacks at optimal moments. While price performance remains unpredictable in crypto markets, the inclusion of algorithmic market intervention sets Snaky Way apart from many meme coin projects. Presale Offers Early Access to $AKE Token: Don’t Let It Escape! The $AKE presale presents an opportunity for early supporters to purchase tokens before the project’s public launch. Funds raised will be allocated to staking infrastructure, gaming development, and marketing campaigns. To participate, users can connect a crypto wallet like MetaMask to the official Snaky Way website, select a supported blockchain, and complete the transaction. Make sure you have enough $ETH or $BNB to cover network fees. A Risk-Aware Bet on a Snake-Themed Breakout While no crypto project guarantees returns, Snaky Way’s blend of meme culture, staking rewards, multichain accessibility, and AI-driven market support suggests a serious attempt to break out of the noise. Whether $AKE becomes a top performer remains to be seen, but as the Year of the Snake continues, the groundwork is in place for Snaky Way to grow big in a hurry. Do your own research – this isn’t financial advice.
China’s JD.com announced plans for a Hong Kong dollar stablecoin last summer and is now expected to be among the first issuers under HKMA’s stablecoin regime.
ZOOZ's Bitcoin strategy may set a precedent for tech firms, potentially reshaping treasury management and investor engagement in digital assets.
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