The company plans to use the offering proceeds for general corporate purposes, including the acquisition of bitcoin and other digital assets.
As the Bitcoin price hovers just 4% below its all-time high of $123,000, crypto analyst Doctor Profit has issued a new report that could spark increased bullish sentiment among investors, suggesting that a new rally could be on the horizon. Bitcoin Price Poised For Growth After Major Trade Deal In a recent post on the social media platform X (formerly Twitter), Doctor Profit highlighted a significant technical development for the Bitcoin price, noting that the cryptocurrency has recently broken through a diagonal resistance line on its monthly chart—a barrier that had proven insurmountable for several months. According to the analyst, the Bitcoin price faced repeated rejections at this crucial resistance level from November 2024 through February 2025. However, this month marked a decisive breakout for the cryptocurrency, followed by a successful retest of the $114,000 level last Friday and a “strong bullish impulse” forming. Related Reading: Memecoins, NFTs Get Called Out By Their Own Architect: ‘Zero Intrinsic Value’ Doctor Profit emphasized that this breakthrough signals a potential upward movement, asserting that the market is primed for the next leg up. He even predicts that the “bullish chart” will soon dominate discussions across social media. Adding to this optimism are recent developments surrounding a US-Europe trade deal announced on Monday by the White House. Doctor Profit noted that tariffs have been a lingering concern for both the Bitcoin price and the broader stock market, suppressing momentum. However, the analyst asserts that the announcement of a new trade agreement—valued at $750 billion in US energy exports and $600 billion in EU investments—has alleviated some of that pressure. Links Between M2 Money Supply And BTC’s Potential On a macroeconomic level, Doctor Profit highlighted the M2 money supply as a crucial factor influencing the Bitcoin price trajectory. Following a 25% expansion of M2 in 2020 due to pandemic-related measures, Bitcoin experienced an 800% rally. Currently, M2 has increased by 2.3% since the beginning of 2025, despite ongoing quantitative tightening measures by the Federal Reserve (Fed). The analyst believes that this indicates that the Fed may be poised to adopt more aggressive monetary policies in the near future. Related Reading: Ethereum Is About To Breakout Of Massive Consolidation Toward $5,000 Historical data suggests a correlation between increases in M2 and Bitcoin price movements, with the analyst estimating a potential upside of 30-35% for Bitcoin with every 1% increase in M2. The most significant expansion has occurred in recent months, particularly between May and June 2025, when M2 saw a monthly increase of 0.63%. Given Bitcoin’s typical lag in response to M2 changes—approximately 60 to 90 days—there is speculation that this could lead to a 15-17.5% rally in the coming weeks, positioning Bitcoin toward the $130,000 mark. Looking ahead, the Federal Open Market Committee (FOMC) meeting is slated for Wednesday, with a strong expectation of no interest rate cuts. As of this writing, the market’s leading cryptocurrency trades at $117,569, up nearly 71% on a year-to-date (YTD) basis. Featured image from DALL-E, chart from TradingView.com
Is the U.S. about to add Bitcoin to its reserves? Pompliano thinks so. With inflation weakening the dollar, more companies are turning to Bitcoin as a long-term store of value. Experts say that the U.S. government could be next. Here’s everything you should know. Dollars or Bitcoin: What’s the Better Bet? Entrepreneur and investor Anthony …
Cathie Wood’s ARK Invest adds $20 million in BitMine shares while scaling back exposure to Coinbase, Block and Robinhood amid its crypto portfolio reshuffle.
Dubai now enables crypto property deals under clear VARA rules, with major developers like Damac and Emaar accepting BTC, ETH and stablecoins.
As of July 28 at 10:45 p.m. ET, BitMine said it now holds 625,000 ETH ($2.4 billion) and 192 BTC ($22.8 million).
The cryptocurrency market is on high alert today after new data from CryptoQuant shows that the Coinbase Premium Gap for Bitcoin has turned negative for the first time in two months. This important metric may be signaling that buying demand in the United States is growing weaker, which could put more pressure on Bitcoin in …
JellyC is working with OKX and Standard Chartered to use cryptocurrencies and tokenized money market funds as off-exchange collateral.
Despite what is akin to a bull market with the Bitcoin price hitting multiple new all-time highs, the Ethereum price continues to hit major resistances in its campaign for new highs. The most recent is the resistance push at the $3,800, which perfectly aligns with the 4-year resistance line that has kept the leading altcoin by market cap from hitting new all-time highs. However, as Ethereum once again gears up for a retest, this time could be the chart that signals the breakout. Ethereum On The Verge Of Breakout Crypto analyst MMCrypto highlighted a possible breakout on the Ethereum price chart after the altcoin moved back toward a 4-year resistance trendline. This trendline had begun back in 2021 when the Ethereum price had hit its $4,800 all-time high, and since then, it has become the resistant trendline to beat for the ETH price to rally to new highs. Related Reading: Dormant Whale Sells $80,000 BTC, But Bitcoin Bulls Still In Control Over the last four years, this resistance trendline has held firmly, beating the Ethereum price back down from the $4,000 level. This has prevented a rally toward its $4,800 and made the $5,000 expected target push even farther away. But now, there could be another opportunity for Ethereum to turn the tide and break this resistance once and for all. Currently, the ETH price is still trending below $4,000, suggesting that the bears are still holding the resistance line. With the price trading below this resistance, MMCrypto points out that ETH has now been underperforming for four years. Given this, a large number of investors have lost money on their investments or haven’t seen a profit. The major target now is for the resistance to be broken. The crypto analyst explains that once this happens, then the Ethereum price could see a monumental pump from here. This pump, he explains, will be fueled by investors who have yet to realize any profit on their ETH holdings over the last four years. Related Reading: XRP Bullish Cross Playing Out Again: $9 Or $24 Next? With the expectation that the resistance trendline will be broken, the analyst urges investors to be patient. He points out that once the pump begins, those who were patient will be the ones to reap the profits of this ETH price action. Additionally, Ethereum will not be the only altcoin to benefit from a pump. Previous altcoin seasons have been sparked by movements in the Ethereum price, and if ETH is able to break toward a new all-time high, then the altcoin market is expected to follow suit. “The Ethereum Pump if & when it happens, will have a broad influence on the whole Crypto Space & take many Altcoins with it! Be ready, be prepared,” the analyst said in closing. Featured image from Dall.E, chart from TradingView.com
An Ethereum-aligned consortium, including Consensys, SharpLink, Eigen Labs, ENS Labs, and Status, will manage its ecosystem fund.
CMT Digital, Circle Ventures and Point72 back Amsterdam-based D2X as it targets crypto futures and options
Customers can now buy, sell, and swap crypto via RAKBANK’s app through Bitpanda’s regulated platform.
Bitcoin made a solid recovery over the weekend, helping to push the broader crypto market higher. As BTC gains strength, several altcoins are also seeing upward movement. According to an analyst, four names: SEI, ENA, SUI, and Aptos, are standing out for their recent performance. But are they a ‘good buy’ right now? Altcoin 1: …
Dual-layered trust model aims to meet rising institutional standards in a regulated crypto era In response to evolving regulatory expectations and increasing institutional participation in the cryptocurrency market, KuCoin has introduced a major advancement in its trust and security infrastructure. The global exchange has partnered with BitGo Singapore to implement off-exchange settlement (OES) for institutional …
The US is seeking the forfeiture of 20.2 BTC seized by the Dallas FBI from the Chaos ransomware group, adding to the country’s proposed Strategic Bitcoin Reserve.
In May, Ethereum co-founder and ConsenSys CEO Joe Lubin quietly took the reins as chairman of SharpLink Gaming, a NASDAQ-listed company that pivoted from sports betting to building an Ethereum-focused treasury. At first glance, it seemed like a niche shift. But now, the bigger picture is becoming clear: Ethereum is entering a new institutional chapter, …
The U.S. Federal Reserve is expected to keep interest rates steady at 4.25–4.5% following the latest GDP Deflator data, which shows low inflation pressures. Forward guidance may hint at a possible rate cut in September. Such a move could boost risk assets including Bitcoin and other cryptocurrencies by increasing liquidity and investor confidence. Market participants …
Bitcoin’s price is beginning to recover after a brief period of stagnation, trading at $118,945 at the time of writing. This marks a 1% increase over the past 24 hours, with the asset briefly reaching a high of $119,754 during the same period. The recent upward movement suggests a cautious return of buying interest, though analysts warn that market participants should remain aware of deeper trends influencing price action. Among the key voices weighing in is CryptoQuant contributor Yonsei Dent, who highlighted a familiar pattern in Bitcoin’s current on-chain metrics. Related Reading: Bitcoin Endures One Of The Most Intense Bear Weeks Of This Bull Cycle – Details MVRV Ratio Signals Possible Peak by Late August According to Dent, the 365-day moving average (DMA) of the Market Value to Realized Value (MVRV) ratio has proven to be a historically useful indicator of market cycle tops. Drawing parallels to 2021, when the MVRV 365DMA formed a double-top pattern followed by the start of a bear market, Dent suggested that Bitcoin could be approaching a similar inflection point. In his analysis titled “MVRV Points to a Potential Cycle Peak — Late August May Be the Real Turning Point,” Dent noted that the structure of the current cycle resembles the double-top formation seen in 2021. He projects that if the same six-month interval is applied, the market could experience a peak by around September 10. However, Dent emphasized that the MVRV ratio is a lagging indicator, and thus a reversal in Bitcoin’s trend may begin as early as late August. The analyst also linked this potential turning point to broader macroeconomic narratives, such as speculation around Federal Reserve interest rate cuts. While Dent did not predict an exact price top, he urged market participants to treat this period as one that requires heightened attention to risk management. “Let on-chain timing guide your strategy — now is the time to tighten risk management and stay nimble,” he advised. Bitcoin Liquidity Metrics Suggest Potential Saturation In a separate post, CryptoQuant contributor Arab Chain examined the Bitcoin Stablecoin Supply Ratio (SSR) as another tool to evaluate current market strength. The SSR compares Bitcoin’s market capitalization to that of all stablecoins, offering a window into liquidity dynamics within the crypto ecosystem. Arab Chain explained that stablecoins act as the fiat-equivalent within the market, and their supply levels relative to Bitcoin help measure the purchasing power available to fuel price movements. According to Arab Chain, a rising SSR indicates a lower presence of stablecoins relative to Bitcoin, which could mean that price gains are occurring despite limited liquidity. This scenario suggests that the current upward momentum may be encountering diminishing support from new capital inflows. Related Reading: $4B Increase In Bitcoin Open Interest Fueled By Whale Transfers To Exchanges – Details “A continued rise in the indicator may indicate that buying momentum may weaken in the future due to low liquidity,” he wrote, adding that unless stablecoin reserves grow meaningfully in the coming days, Bitcoin’s rally could face resistance. Featured image created with DALL-E, Chart from TradingView
Crypto ETPs in Europe are plentiful, yet they haven't been adopted the way spot bitcoin ETFs in the U.S. have.
U.S. President Donald Trump has recently hinted that Federal Reserve Chair Jerome Powell might soon bid farewell. Trump said that a rate cut could make the US markets more attractive to buyers, while Powell believes in a steady market. However, despite all the internal feuds, Trump added he will miss Powell when he leaves. Is …
Stablecoin searches reached an all-time high on Google as market cap topped a record $270 billion following passage of the GENIUS Act.
The U.S. Securities and Exchange Commission (SEC) postponed its decision on Grayscale’s Solana Trust ETF, setting a new deadline of October 10, 2025. The delay allows more time to review the fund’s proposed listing on NYSE Arca amid rising spot crypto ETF applications and regulatory changes. Industry experts view it as a routine step. The …
Bitmain, the largest crypto mining hardware maker, plans to open its first US production facility by the end of Q3 2025, choosing either Texas or Florida for the new headquarters and assembly line. Initial production is expected in early 2026, with full-scale output ramping up later. This move aims to speed deliveries, reduce repair times …
Bakkt Holdings says it has agreed to sell its loyalty services business in its bid to focus purely on its crypto offerings.
The crypto market is down today, losing over $66 billion in value in just one day. The total market cap now sits around $3.83 trillion, down from recent highs. Bitcoin is holding steady above $118,000, but most altcoins are bleeding, and investor sentiment has turned cautious. So, what exactly caused today’s crypto pullback? Let’s break …
SharpLink Gaming is currently the second-largest Ethereum treasury firm after BitMine Immersion Technologies.
David Grider, a partner at venture capital firm Finality Capital, said he thinks the Ether treasury company boom should bode well for the long-term price and inflows of the token.
On July 28, U.S. spot Bitcoin ETFs saw net inflows of $157.1million, with Ethereum ETFs adding $65.2million, signalling strong ongoing demand for both assets. Leading the purchases, BlackRock’s spot Bitcoin ETF acquired 1,230 BTC worth $147.4million, bringing its total holdings to over 739,000 BTC and reinforcing its place as the world’s largest Bitcoin ETF. The new inflows …
While billions are flowing into crypto as its market cap has jumped to $3.89 trillion and headlines highlight rising institutional interest. But according to a fresh report from 10x Research, things might not be as bullish as they look. Behind the scenes, small changes in the market suggest that today could quietly become an important …
Injective (INJ) has hit a five-month high after retesting a crucial resistance level on Monday and attempting to break out from a bullish pattern. Some analysts suggested that the cryptocurrency will have a massive run in the coming weeks. Related Reading: Bitcoin Demand Builds at $117K: Cost Basis Distribution Defines Key Support Level Injective Retests Crucial Levels Over the past month, Injective has recorded a substantial bullish performance, climbing 40% since late June, when the cryptocurrency traded below the $10 support. Since hitting its December high of $35.26, INJ has retraced around 60%, falling below this key support multiple times. During the April-May market recovery, the cryptocurrency broke out of its multi-month downtrend and climbed to its $10-$15 local price range, hitting a multi-month high of $15.48. However, the June pullback sent the token’s price to the $9 support zone before it bounced, tested the $10-$12 area, and broke out of its one-month downtrend in early July. At the time, analyst Crypto Rand suggested that a breakout above the $12 resistance level would “trigger the bull reversal,” which would push the token’s price toward the local range high. Injective has been attempting to reclaim the crucial $15 range high since its early July breakout, hitting a five-month high of $16.35 on Monday and passing the $16 barrier for the first time since February. Amid the token’s momentum, Crypto Rand noted that “INJ following the path, we are going straight to $30” as the first stop.” He added that Injective has become the Layer-1 (L1) with the highest code commits over the past 365 days. A recent report showed that the network is leading with 36,500 commits, 3.2% ahead of other L1s. Is A Rally To New Highs Near? Analyst Ali Martinez highlighted that Injective could see a 66% rally if it breaks out of a triangle formation. According to the chart, the cryptocurrency has been forming an ascending triangle pattern since March, with the key resistance level sitting around the $15 area. Amid its start-of-week pump, the cryptocurrency briefly broke out of the pattern but ultimately failed to hold above the crucial resistance. Notably, INJ fell below the $15 mark after failing to reclaim this level, retracing 10% intraday. However, reclaiming the key resistance would propel Injective to $25, a level not seen since January. Meanwhile, market watcher Crypto Patel pointed out an inverse Head and Shoulders pattern forming on Injective’s chart over the past six months, which could propel the token to a new yearly high if it breaks out. He highlighted that the INJ’s rising trendline support remains intact, while the pattern’s neckline has been retested twice, with the price compressing between these two levels. To the analyst, Injective needs a daily close and hold above the $16.20 area to confirm the breakout. If it reclaims this level, the setup would target a 153% move toward $41 mark, with the post-breakout initial targets sitting around the $26.36 and $34.32 resistances. Related Reading: TRON Sees $1B USDT Mint: Liquidity Wave Incoming? On the contrary, he affirmed that falling below the $12 support zone would invalidate the setup, which could also send the token’s price to the next support level around the $10 mark. As of this writing, Injective trades at $14.70, a 4.6% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com