USDe’s supply has increased by 70%, while USDS’s supply has increased by 23% since the GENIUS Act was signed into law on July 18.
A colloquial narrative that “altseason” is imminent has weakened, with traders rotating capital back into majors or moving to the sidelines entirely.
BlackRock’s IBIT had an outflow of $292 million on Monday as Bitcoin continued to recover from weekend volatility.
Mantle’s (MNT) price has been displaying some of the strongest bullish actions since the start of the week. The token exhibited strong bullish momentum, climbing from $0.7 to above $0.9 in a few hours, indicating renewed interest among market participants. Moreover, the technicals and the chart patterns appear in favour of a breakout. This has …
The U.S. Securities and Exchange Commission (SEC) has issued updated guidelines classifying stablecoins. It has allowed certain USD-pegged stablecoins as cash equivalents. The development comes at a time when the SEC is formulating rules for crypto to modernize traditional finance in the nation. SEC Issues Interim Guidance on Stablecoins According to Bloomberg News, the SEC …
The White House is gearing up for a new executive order that could fine banks for “crypto discrimination.” If passed, it would be a big win for crypto firms seeking fair treatment. Currently, market sentiment is cautiously optimistic, with traders closely watching Bitcoin’s next move. The move, described as the biggest catalyst since the approval …
Litecoin has risen from the shadows of consolidation to lead the altcoin charge. Which hodlers view as a phoenix moment for the altcoin. Since yesterday alone, LTC price has added over 10.85% in gains, with the 7-day rally staying at 12.73%. Driven by increasing network activity, bullish ETF speculation, and key technical breakouts, LTC now …
Solana Mobile has begun shipping its Seeker crypto smartphone, broadening the Solana ecosystem’s mobile strategy with built-in wallets and token rewards.
After falling below a crucial support level, Bitcoin (BTC) is attempting to recover some of its lost ground. An analyst suggested that this week’s performance will be decisive for the cryptocurrency’s next trend. Related Reading: Pundit Says Ethereum Price Is Headed For $9,000 After This Broadening Wedge Retest Bitcoin Loses Bull Flag Formation Over the weekend, Bitcoin lost its post-breakout range for the first time in three weeks, falling to a local low of $112,296 on August 3. The flagship crypto had been trading between the $114,000-$120,000 range since the early July breakout, hitting its all-time high (ATH) of $122,838 amid the rally. As July neared its end, BTC experienced some volatility, retesting the range lows twice over its last week. However, the cryptocurrency was unable to repeat its price recovery from the previous weekend, losing the crucial area on August 1. Rekt Capital noted that Bitcoin’s rally could be at risk, explaining that BTC has formed a bull flag in the weekly chart and held the pattern’s lows as support until the latest Weekly Close. Following its recent price action, the analyst considers that this week’s performance will be pivotal to see whether the pattern’s bottom, around the $117,200 area, will become a new resistance and confirm the breakdown, or if the flagship crypto’s price will recover the structure. According to the analysis, if the price can reclaim the structure, the correction would be considered a fake downside deviation before resynchronizing with the pattern. Meanwhile, turning the pattern’s bottom into resistance would be a bearish retest, confirming the breakdown, and potentially leading to a new retest of the $112,000 area as support. BTC’s Weekly Close To Determine Next Trend Rekt Capital also detailed that this week’s performance will determine the future of BTC’s second Price Discovery uptrend, which has technically started its fifth week. Depending on what happens to the Bull Flag (reclaim or a confirmation of the breakdown), we will know whether the Price Discovery Uptrend 2 will continue or whether BTC has experienced a very short PDU2 instead. Last week, the analyst retesting that the continuation of the Price Discovery trend could fail as BTC transitioned into weeks 5-7 of this phase. Historically, the second uptrend has started to slow down around Weeks 5-6, hitting its peak during this “Danger Zone.” If Bitcoin reclaims the Bull Flag and challenges new highs, then its second Price Discovery uptrend will progress according to its historical tendencies. However, if it fails to Weekly Close above the pattern’s bottom and confirms additional downside, the second Price Discovery uptrend would have ended in Week 2, much quicker than has historically been the case. Moreover, it would reveal that BTC has been in its second Price Discovery Correction, which “would be going completely against the grain of history.” Related Reading: Analyst Warns XRP Investors Not To Let Fear Dictate Moves As Long As Price Holds This Level The analyst suggested that macro-wise, Bitcoin still has plenty of time for a third Price Discovery uptrend. If the second phase has already ended, a final uptrend could overcompensate for the current uptrend’s underperformance. Previously, Rekt Capital asserted that what comes after the second uptrend would depend on how long the corrective phase takes, as a shot correction could allow for a third uptrend before the bear market. Featured Image from Unsplash.com, Chart from TradingView.com
Michael Saylor’s enterprise software company, Strategy (previously MicroStrategy), has made headlines once again with a substantial Bitcoin (BTC) acquisition, pushing its total holdings beyond 600,000 coins. The company purchased an impressive $2.46 billion worth of Bitcoin over the past week, marking its third-largest purchase by dollar amount since it began acquiring the digital asset five years ago. Bitcoin Acquisition At Record Prices Between July 28 and August 3, Strategy added 21,021 Bitcoin to its holdings, bringing its total to 628,791 tokens. At current market prices, the firm’s portfolio is valued at over $71 billion. Saylor has adeptly transformed his company from a traditional software provider into the leading corporate buyer of Bitcoin, utilizing innovative financial strategies to fuel these purchases. Related Reading: Top Analyst Says Bitcoin Is Trapped: ‘Nothing To Do Until October’ The latest acquisition was made at an average price of $117,526 per token, which is the second-highest price the company has ever paid, just shy of the $118,940 average from the previous month. Strategy is the largest corporate Bitcoin holder, according to data from BitcoinTreasuries.net. BTC mining company MARA Holdings is second with 50,000 coins, which highlights Saylor’s firm’s purchasing power. Notably, this position has not only solidified Saylor’s influence in the crypto space but has also inspired other public companies to adopt similar treasury strategies aimed at accumulating and holding digital currencies. These include Trump’s social media company, boosted by a new regulatory regime and legislation in the US aimed at positioning the country as the crypto capital of the world, a mission that President Donald Trump has advocated since his election campaign last year. Saylor’s Strategy Pledges To Protect Shareholder Value To fund these massive purchases, Bitcoin bull Michael Saylor has employed a mix of common and preferred share sales alongside debt instruments. Recently, the company launched its latest preferred stock offering, dubbed “Stretch,” in late July. In its second-quarter report, Strategy announced an unrealized gain of $14 billion, primarily driven by the recent rebound in Bitcoin prices and a new accounting requirement that necessitated the revaluation of its Bitcoin holdings. Saylor has also made a commitment to investors, stating that he will refrain from issuing new common shares at less than 2.5 times the company’s net asset value, except for covering debt interest or preferred dividends. Related Reading: Analyst Warns XRP Investors Not To Let Fear Dictate Moves As Long As Price Holds This Level This pledge comes in light of concerns raised by critics like Jim Chanos, who have expressed apprehension about the premium that Strategy’s Bitcoin holdings place on its share price and the numerous securities offerings the company has executed. Since its initial foray into Bitcoin, Strategy’s stock, MSTR, has skyrocketed over 3,000%, significantly outperforming Bitcoin itself and major stock indices such as the S&P 500 and Nasdaq 100. The company’s largest purchases occurred in November, totaling $5.4 billion and $4.6 billion, respectively, demonstrating Saylor’s aggressive strategy in the cryptocurrency market. However, on Monday, the firm did not disclose any further purchases, as it has commonly done over the past few months. Perhaps it is starting to reassess its direction with biweekly acquisitions. It remains to be seen what the firm’s next moves will be, as there have been no further official comments on the matter. Featured image from DALL-E, chart from TradingView.com
Trump is expected to sign an executive order targeting alleged debanking of crypto firms and conservative groups.
Despite technical resistance at $3.09 and short-term sell signals flashing, machine-learning forecasts continue to target upside toward $3.12 by month-end.
ETH rallied nearly 6% on Monday as BitMine reported another massive purchase of 208,137 ETH, boosting the total value of its ETH holdings above $3 billion.
After months of silence, the altcoin market is finally showing signs of life. The Altcoin Season Index has climbed from 34 to 50 in just a few weeks, a clear hint that momentum is building. Popular crypto trader VirtualBacon believes we may already be in the early stages of an altcoin season, even if it …
Acting CFTC Chair Caroline D. Pham has introduced a new initiative to enable spot crypto asset contracts to be listed on CFTC-registered designated contract markets (DCMs). This step is intended to clarify how retail crypto trading can take place using leverage, margin, or financing under current laws. The initiative aims to improve regulatory transparency and …
A draft of the order reportedly directs regulators to investigate if banks have violated any laws and threatens to fine firms involved.
A digitally generated avatar of Parkland victim Joaquin Oliver appeared on Jim Acosta’s show, prompting debate over the ethical use of AI.
Solana started a fresh increase above the $162 zone. SOL price is now consolidating gains and might aim for more gains above the $172 zone. SOL price started a fresh upward move above the $160 and $162 levels against the US Dollar. The price is now trading above $162 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $165 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $172 resistance zone. Solana Price Eyes Fresh Move To $180 Solana price started a decent increase after it found support near the $155 zone, like Bitcoin and Ethereum. SOL climbed above the $160 level to enter a short-term positive zone. The price even smashed the $162 resistance. The bulls were able to push the price above the 23.6% Fib retracement level of the downward move from the $182 swing high to the $155 low. There is also a key bullish trend line forming with support at $165 on the hourly chart of the SOL/USD pair. Solana is now trading above $162 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $170 level. It is close to the 50% Fib retracement level of the downward move from the $182 swing high to the $155 low. The next major resistance is near the $172 level. The main resistance could be $180. A successful close above the $180 resistance zone could set the pace for another steady increase. The next key resistance is $182. Any more gains might send the price toward the $192 level. Are Downsides Supported In SOL? If SOL fails to rise above the $172 resistance, it could start another decline. Initial support on the downside is near the $165 zone and the trend line. The first major support is near the $162 level. A break below the $162 level might send the price toward the $155 support zone. If there is a close below the $150 support, the price could decline toward the $145 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $165 and $162. Major Resistance Levels – $172 and $182.
Litecoin (LTC) price is at a pivotal point, trading just above the crucial $120 support zone after a strong breakout in recent sessions. The price action reflects mounting bullish pressure, but the real test lies in whether this level can hold amid increasing resistance. A successful defense of $120 could act as a launchpad for …
Strategy has amassed 60% of its total holdings since Trump’s election, with its third-largest dollar-value purchase last week.
As of 2025, Ghana is actively developing its cryptocurrency landscape. It is drafting roadmaps for creating licenses for crypto exchanges and platforms. The Bank of Ghana is establishing a dedicated unit focused on digital assets to manage the regulatory process. Before 2025, cryptocurrency was effectively illegal or unregulated in Ghana. The Bank of Ghana issued …
XRP price started a decent increase above $3.00 zone. The price is now facing resistance at $3.10 and might correct some gains in the near term. XRP price is attempting to start a fresh increase above the $3.00 zone. The price is now trading above $2.980 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $3.065 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $2.920 zone. XRP Price Faces Resistance XRP price started a fresh increase above the $2.820 zone, beating Bitcoin and Ethereum. The price was able to surpass the $2.920 and $2.950 resistance levels. The price even cleared the $3.00 resistance level. Finally, the bears appeared near the $3.10 zone. A high was formed at $3.106 and the price is now correcting gains. There was a break below a bullish trend line with support at $3.065 on the hourly chart of the XRP/USD pair. The price is now trading above $3.00 and the 100-hourly Simple Moving Average. It is also above the 23.6% Fib retracement level of the upward move from the $2.730 swing low to the $3.106 high. On the upside, the price might face resistance near the $3.10 level. The first major resistance is near the $3.120 level. A clear move above the $3.120 resistance might send the price toward the $3.150 resistance. Any more gains might send the price toward the $3.20 resistance or even $3.2120 in the near term. The next major hurdle for the bulls might be near the $3.250 zone. Another Drop? If XRP fails to clear the $3.10 resistance zone, it could start another decline. Initial support on the downside is near the $3.00 level. The next major support is near the $2.950 level. If there is a downside break and a close below the $2.950 level, the price might continue to decline toward the $2.920 support and the 50% Fib retracement level of the upward move from the $2.730 swing low to the $3.106 high. The next major support sits near the $2.880 zone where the bulls might take a stand. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $3.00 and $2.920. Major Resistance Levels – $3.10 and $3.120.
US Representative Dina Titus has asked the CFTC to investigate Brian Quintenz, Donald Trump’s pick to run the agency, over his ties to Kalshi.
Cardano’s native token ADA has been making headlines recently. From development updates to big announcements, the token seems to be gearing up for a big move. According to AltcoinBuzz, ADA could be eyeing a price rally, and here are three key reasons why. Cardano Connects with Bitcoin Cardano recently made a big move by connecting …
After finally taking his $28 million Blue Origin ride, the Tron founder says the view from space changed his perspective and strengthened his commitment to innovation.
While the network did not explain the issue that caused the outage, Base has been seeing a surge in activity after Base App launched.
Ethereum price found support near the $3,400 zone. ETH is now rising and might soon aim for a move toward the $3,800 zone. Ethereum started a fresh increase above the $3,440 and $3,550 levels. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $3,600 zone in the near term. Ethereum Price Eyes More Gains Ethereum price started a downside correction from the $3,880 level, like Bitcoin. ETH price declined below the $3,750 and $3,500 support levels. Finally, the price spiked below $3,400 and the 100-hourly Simple Moving Average. It tested the $3,365 support zone. A low was formed at $3,369 and the price is now rising. There was a move above the $3,450 and $3,500 resistance levels. The price surpassed the 50% Fib retracement level of the downward move from the $3,877 swing high to the $3,369 low. Ethereum price is now trading above $3,550 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,620 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $3,720 level. The next key resistance is near the $3,750 level. It is close to the 76.4% Fib retracement level of the downward move from the $3,877 swing high to the $3,369 low. The first major resistance is near the $3,800 level. A clear move above the $3,800 resistance might send the price toward the $3,880 resistance. An upside break above the $3,880 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,000 resistance zone or even $4,120 in the near term. Another Drop In ETH? If Ethereum fails to clear the $3,750 resistance, it could start a downside correction. Initial support on the downside is near the $3,620 level. The first major support sits near the $3,600 zone. A clear move below the $3,600 support might push the price toward the $3,550 support. Any more losses might send the price toward the $3,500 support level in the near term. The next key support sits at $3,450. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,600 Major Resistance Level – $3,750
Bitcoin (BTC) has experienced a steady price decline over the past week, falling by approximately 3.7% as trading activity shows signs of a possible sell-off or profit-taking phase. After peaking above $123,000 earlier last month, the leading cryptocurrency has been trading within the $113,000 to $114,000 range in the past day. At the time of writing, BTC is valued at $114,420, reflecting uncertainty in market momentum. Market analysts point to weakening liquidity and inconsistent institutional demand as key factors contributing to the price drop. A recent analysis shared by Arab Chain, a contributor to CryptoQuant’s QuickTake platform, highlights several on-chain dynamics that have limited Bitcoin’s ability to maintain price stability despite reduced available supply. Related Reading: Top Analyst Says Bitcoin Is Trapped: ‘Nothing To Do Until October’ Liquidity Constraints and Market Fragility According to Arab Chain’s analysis, a sharp collapse in the liquidity inventory ratio began in mid-July, falling to levels representing just over three months of available supply on major trading platforms. This metric tracks how much Bitcoin is accessible for sale relative to the pace of market activity. Normally, reduced supply would lead to upward price pressure. However, Arab Chain notes that insufficient new demand left the market vulnerable, resulting in the opposite effect. “When liquidity is thin and there is no consistent buying activity from large investors or ETFs, even small sell orders can lead to significant price drops,” Arab Chain explained. This behavior mirrors “thin market” conditions, where limited order book depth magnifies volatility and makes prices more susceptible to sudden downward moves. The analysis suggests that market fragility could persist unless fresh demand enters the market. Historically, periods of constrained liquidity combined with a lack of large-scale buyers have led to prolonged corrections in Bitcoin’s price trajectory. ETF Demand Volatility and Weak Accumulation Another factor influencing the recent decline has been the erratic demand for Bitcoin-linked exchange-traded funds (ETFs). Arab Chain observed sharp fluctuations in ETF inflows, with rapid surges followed by strong outflows, leaving no consistent institutional support to stabilize prices. This inconsistent participation from ETFs, which have become a major driver of Bitcoin demand since their approval, contributed to weaker price resilience during sell-offs. Additionally, on-chain data showed that “smart portfolios,” or high-value addresses typically associated with strategic accumulation, exhibited only modest buying activity during the recent downturn. Related Reading: Bitcoin Investors Selling More Aggressively As Bull Cycle Matures: Risk Appetite Fades? Although accumulation signals long-term confidence, its slow and limited pace failed to counterbalance selling pressure in real time. This lack of immediate demand further weakened market support. Additionally, while investors closely monitor liquidity conditions, ETF flows, and long-term holder activity for signs of a potential rebound. Analysts suggest that sustained institutional buying or an uptick in accumulation from large addresses could help restore stability. Until then, Bitcoin may remain in a vulnerable position, with its price movement largely dependent on shifts in demand and available liquidity. Featured image created with DALL-E, Chart from TradingView
A key priority of the proposed PAC would be to send the Bitcoin price to $10 million, according to Bailey, and positioning “for the long term.”
This feature is expected to solve the issue of fragmented incentives in the current DeFi model, Linea said.