The new rules meal that stablecoin issuers will need to apply for a license in the region.
Bitcoin has broken down from the two-week consolidation range that held the market between $115,724 and $122,077, reaching a new local low near $114,000. The drop confirms a shift in short-term momentum, putting bulls on the defensive. The $117,000 level—previously a key support zone—now serves as the immediate resistance that must be reclaimed to signal a possible reversal. Related Reading: Bitcoin New Investor Dominance Rises – No Signs of Mass Profit-Taking Yet The breakdown comes at a critical time, as sentiment across the market begins to shift. According to fresh data from CryptoQuant, futures sentiment turned bearish today, falling sharply before bouncing back slightly to 48%. While still close to neutral, any reading below 50% signals bearish dominance in positioning. This adds pressure to an already fragile technical structure and suggests traders are bracing for more downside. Unless bulls can recover $117K quickly and close with strength, Bitcoin risks entering a deeper correction phase. With long-term support levels still intact, the broader bull trend remains in place—but this breakdown marks the first significant loss of momentum in weeks. The coming sessions will be critical in determining whether this is just a shakeout or the start of a larger trend reversal. Bitcoin Advanced Sentiment Index Signals Rising Bearish Pressure Top analyst Axel Adler has shared new insights into the Bitcoin Advanced Sentiment Index, a key metric used to gauge futures market positioning and broader investor mood. According to Adler, the index recently dropped to 40%—a sharp decline that reflected growing risk aversion and bearish positioning. Although the metric has since rebounded to 48%, it remains below the critical 50% threshold, which separates bullish from bearish territory. This rebound signals a temporary pause in negative sentiment, but the broader trend shows a shift from bullish caution to bearish fear. Adler notes that as long as the index remains below 50%, the market lacks the confidence needed to sustain upward momentum. Traders are growing increasingly defensive, reducing long exposure and bracing for further downside. If momentum continues to deteriorate, BTC could test the $112,000 level—the previous all-time high set in May. This zone may act as psychological and technical support, but failure to hold it could trigger a deeper correction. With the Advanced Sentiment Index stuck in bearish territory and price action weakening, the market appears to be entering a riskier phase. While this doesn’t yet signal a full trend reversal, it does reflect growing uncertainty. Until sentiment and price reclaim higher ground, caution is warranted. The next move will likely depend on whether bulls can defend $112K—or if bears gain full control of the trend. Related Reading: Bitcoin Heat Macro Phase Signals Market Sits Between Accumulation And Distribution BTC Loses Key Support After Breakdown Bitcoin has officially broken down from its two-week consolidation range, losing the critical $115,724 support level highlighted in the chart. The price reached a new local low at $114,116 before recovering slightly to the $115,100 zone, where it’s currently attempting to find footing. This marks a significant shift in momentum, as bulls failed to defend the lower boundary of the range, which held firm throughout July. The 12-hour chart shows rising volume accompanying this breakdown, adding weight to the bearish move. BTC now trades below the 50-day SMA ($116,981), confirming weakness in short-term structure. The next major support sits around $112,000—the prior all-time high set in May—which could act as a psychological and technical floor. Related Reading: Whale Buys $153M In Ethereum From Galaxy Digital OTC: Institutions Are Betting Big The 100-day and 200-day SMAs remain well below current price action, suggesting that the macro trend is still intact. However, immediate momentum has clearly shifted, and bulls must reclaim the $117,000 area quickly to invalidate this breakdown. Featured image from Dall-E, chart from TradingView
Regulatory clarity means that traditional broker-dealers are no longer on the sidelines, says Aaron Kaplan, Co-CEO and founder of Prometheum.
Bitcoin’s tight consolidation resolved to the downside, but the failure of the bears to sustain the lower levels could push the price to new all-time highs.
Winklevoss shared "significant concerns" with CoinDesk about Brian Quintenz running the agency, revealing the industry isn't entirely behind Trump's nominee.
Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), has dismissed concerns that the firm holds too much Bitcoin. In an Aug. 1 interview with CNBC, Saylor argued that owning 3% to 7% of the total Bitcoin supply is not excessive. Instead, he called it a balanced position that allows other institutions and individuals to participate. […]
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DeFi’s future depends on embracing institutional investors, whose capital, credibility and demand for stability are shifting DeFi from a speculative playground into a mature, trusted financial ecosystem.
Bitcoin's bearish divergence signals a possible price correction toward $92,000, similar to the declines witnessed in 2020 and 2024.
Cardano (ADA) is showing signs of weakness as its long/short ratio drops, signaling a surge in selling volume. This metric suggests that more traders are betting against the price rising. Additionally, declines in other on-chain metrics might push ADA price to the bottom. With this change, investors are now wondering if ADA could slip below …
Meme coin loses ground amid broad risk-off sentiment and $0.000025 support test
Bitcoin bulls are struggling to keep the market off new three-week lows despite a potential tailwinds coming from the US labor market.
CurveDAO member phil_00Llama proposed preventing further extensions of the decentralized exchange to additional Ethereum scaling layers.
Ethereum co-founder Vitalik Buterin has outlined a new approach to improve the network’s speed and scalability by rethinking how block finality is structured. In an August 1 blog post, Buterin proposed separating Ethereum’s fork choice mechanism from its finality process, which he believes could simplify the protocol and enable faster block confirmations. Ethereum’s consensus currently […]
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Strategy's Bitcoin accumulation could influence market dynamics, promoting corporate adoption and reshaping digital asset investment strategies.
The post Saylor says Strategy could hold up to 7% of Bitcoin supply, but full control isn’t the goal appeared first on Crypto Briefing.
The analysts estimate Circle paid more than half of the total interest income it earned from USDC reserves to Coinbase.
The Ripple vs. SEC lawsuit appears to be nearing its final stages, but the path is not yet clear. Although Ripple officially withdrew its cross-appeal in June and fulfilled its $125 million penalty obligation, the SEC has yet to do the same. This case has dwelled long in the minds of the members of the XRP community, and most recently, pro-XRP attorney Bill Morgan commented that while there is technically no hard deadline for the SEC to withdraw, a key date is now fast approaching. No Deadline, But the Clock Is Ticking According to pro-XRP lawyer Bill Morgan, August 15, 2025, serves as a procedural checkpoint for both Ripple and the SEC on their legal standoff. This is because they are required to submit a joint status report to the appellate court on that date, effectively making it the moment when the SEC will be expected to show its hand. Related Reading: Ripple Vs. SEC Battle At An End? What An Appeal Dismissal In August Would Mean For XRP Although the regulatory agency is under no legal obligation to dismiss its appeal by then, the deadline is a trigger for action, or at the very least, a formal update. He wrote that “the SEC needs to report to the appeal court by 15 August 2025, which acts as a deadline… although it may just ask for more time.” This delay has left the XRP community in a holding pattern since October 2024, when the SEC filed a notice of appeal on Judge Torres’ ruling. The major consensus is that the SEC would follow Ripple’s lead of dropping its cross-appeal. What Happens If The SEC Withdraws Or Doesn’t? The longer the SEC remains silent, the more uncertainty clouds the path forward, despite growing consensus that Judge Torres’s ruling in July 2023, which declared XRP not a security in secondary market trading to retailers, should now be finalized. The appeal has essentially allowed the case to drag on for two more years. Related Reading: Pro-Ripple Lawyer Reveals What The SEC Filing By Wellgistics Health Means For XRP If the SEC withdraws its appeal in the coming days, that action will cement the May 2023 ruling as final. This would not only end the multi-year legal battle but also unlock several long-awaited market developments. As noted by crypto commentator Vincent Van Code, over 1,700 companies tied to Ripple through NDAs may finally reveal partnerships and projects built on the XRP Ledger. Furthermore, legal clarity would also pave the way for institutional-grade products like Spot XRP ETFs waiting for approval, which in turn would cause a rapid increase in the price of XRP. However, if the SEC requests more time on or around August 15, it could delay this next phase of XRP’s growth and continue to keep XRP’s regulatory status in limbo. Although such a move wouldn’t reverse any legal victories Ripple has secured, it would prolong the uncertainty that is restraining confidence among investors. Featured image from iStock, chart from Tradingview.com
After banning retail access to crypto ETNs and derivatives in 2021, the FCA has reversed its approach in favor of ETN access for retail.
Michael Saylor is doubling down on Bitcoin again. In a recent CNBC interview, he hinted that Strategy could eventually acquire up to 1.5 million Bitcoin. This shows how strongly Saylor believes in Bitcoin as the ultimate store of value, and this is a sign that he is not slowing down. $MSTR is Amplified Bitcoin.$STRK is …
Following the landmark US passage of the GENIUS Act, Fabian Dori of Sygnum Bank breaks down what lies ahead for stablecoins, institutional adoption and global crypto regulation.
The Czech Ministry of Justice has been heavily criticized after an independent audit revealed it accepted a Bitcoin donation from a convicted criminal without proper due diligence. According to a July 31 report released by Grant Thornton and shared by the ministry on X, officials failed to assess the legal and reputational risks tied to […]
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The GENIUS Act leaves a foreign stablecoin loophole that puts US issuers at a competitive disadvantage, says former CFTC Chair Timothy Massad.
Tether’s USDT supply has increased by $26 billion in 2025, pushing its market cap to $163.6 billion as global demand for stablecoin grows.
THG co-founder and CEO Stefan Deiss told Cointelegraph that the IDTrust allows users full control over their data, giving it an edge over competitors like Microsoft Entra.
he number of SHIB tokens on exchanges surged, suggesting potential whale distribution despite significant accumulation.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
DevvStream raised $300 million via senior secured convertible notes to purchase crypto and is looking to expand its line of credit.
Dogecoin price is showing signs of a bullish turnaround despite a 30% pullback. DOGE price today hovers around $0.2062, reflecting a 1% drop in the past 24 hours and marking the fifth consecutive red candle this week. Despite bearish pressure, its on-chain indicators and technical price chart, firmly signals that this potential ongoing retracement could …
A sudden crash in the TICS token has shaken confidence in Qubetics, the blockchain project that promised to bring together Bitcoin, Ethereum and Solana networks. Based on reports, the token plunged 97% after a failed airdrop launch. Investors who hoped for quick gains were left scrambling to understand what went wrong on July 30 and 31. Related Reading: XRP Traders Pull Back $2.4B—Brace For Impact Or Buy The Dip? Technical Glitch Sparks Token Collapse According to Qubetics’ own statement, a “critical error” hit the vesting contract during the live airdrop. The plan was to unlock 10% of tokens right away and then release 90% over the next 90 days at a rate of 1% per day. At first, TICS surged 950% to hit $2.16. But once users saw far less than their expected share—some got only 1% instead of 10%—selling pressure kicked in hard. By the end of Thursday, the price had tumbled almost back to zero. The initial 10% of your $TICS tokens has been successfully distributed. The remaining 90% will be released gradually, with 1% delivered daily over the next 90 days. To successfully interact with your TICS tokens, it is essential to add the Qubetics custom network to your wallet.… pic.twitter.com/IR22LHAiXD — QUBETICS (@qubetics) July 31, 2025 Within hours, community forums lit up with cries of foul play. Many wallets showed a fraction of what they should have received. Heavy sell-offs by early holders made matters worse. Based on reports, the token’s crash was as much about panic selling as it was about the initial coding mistake. Community Accusations Grow Loud Rumors swirled that presale investors once bought in at $0.33 per token, with promises of a 20% bump on listing day. Instead, TICS opened its trading at $0.19 on July 24 and then slipped to $0.06 within a week. Some users accused the team of holding back tokens, while others claimed insiders dumped large amounts on the market. On X, dozens of comments called Qubetics “scammers” and accused the team of a “rug-pull.” Related Reading: Don’t Blink: 1,000 XRP Could Be The Best Move You’ve Made—Expert Team Promises Full Distribution In response, Qubetics said it will issue a full report on the mishap and ensure all eligible wallets get their full allocation. They stressed that the error came from Antier, the outside firm handling smart contracts, not the core team. The announcement reaffirmed their commitment to build a layer-1 network that aggregates the Web3 ecosystem. Roadmap items include cross-chain bridges and on-chain governance tools. Even now, the team insists that long-term holders will see value once the tokens flow correctly and the network goes live. It’s a big “if” for many investors, but Qubetics said it is sticking to its plan. Featured image from Unsplash, chart from TradingView
FIL encountered significant bearish momentum during the 24-hour period
El Salvador’s legislature has approved major constitutional reforms that will significantly reshape the country’s political structure and electoral timelines. The new bill, passed on July 31 by 57 lawmakers, enables indefinite presidential re-election, extends the length of presidential terms from five to six years, and removes the need for second-round runoffs in elections. Crucially, the […]
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