The Japanese investment firm disclosed Monday an additional purchase of 775 BTC for approximately $93 million.
Crypto loans are back near bull-market highs, but last week’s $1B liquidation shows leverage is cutting both ways.
Ethereum is about to enter into a new week, coming off of a week of interesting price action that saw it trading at its highest price levels since 2021. On one hand, the Spot Ethereum ETFs that had driven billions in inflows have just recorded their first daily outflow in over a week. On the other hand, order-book data shows a towering sell wall at $4,800 that could be described as Ethereum’s “final boss,” the level that could unlock a parabolic run if broken. Related Reading: XRP Chatter Reaches Ride-Share Drivers — Small Survey Shows Mixed Results ETF Inflows Break: Sentiment Cooling Down? The optimism around Ethereum’s rally cooled just as the week came to a close. Notably, US-based Spot ETH ETFs reported net outflows of $59.34 million on August 15, effectively ending an eight-day streak that had added $3.7 billion in inflows. The reversal came just as Ethereum failed to clear $4,788, a level within 3% of its all-time high of $4,878, before slipping back to about $4,450. Although BlackRock’s ETHA stood out with $338.09 million in daily inflows, Grayscale’s ETHE and Fidelity’s FETH registered notable withdrawals of $101.74 million and $272.23 million. Total Ethereum Spot ETF Net Inflow: SoSoValue Speaking of Ethereum failing to clear $4,788, on-chain data shows a huge cluster of liquidity around this level. Particularly, Merlijn The Trader described the $4,800 as the “final boss” for ETH, pointing to billions in sell orders stacked at that level on Binance’s ETH/USDT pair. A liquidity heatmap shows a massive concentration of asks in this zone. According to the analyst, breaking above this level could unleash open skies for Ethereum. As long as this level is filled with more asks, there’s a possibility of it acting as a resistance for any upward move. However, clearing this fortress with enough buy volume would not just be a technical breakout but a psychological one, with the potential to push its price to new all-time highs. Image From X: Merlijn The Trader Bearish Retracement Scenario Although the liquidity narrative is currently leaning more towards a bullish breakout than bearish, another analysis from TradingView paints a more cautious picture. The analysis, which is based on the 4-hour candlestick timeframe chart, also identifies the $4,700 to $4,800 region as a supply-heavy resistance where Ethereum has already shown signs of exhaustion after an aggressive rally from early August. However, multiple technical alignments, such as Break of Structure signals, fair value gaps (FVG), and Fibonacci retracements, show that Ethereum may be due for a retracement. The trade plan outlined anticipates an entry around $4,440, with a stop loss above $4,790 and a downside target of $3,375 at a strong support area. This would imply a corrective move of over 20% if the bearish projection plays out. Chart Image From TradingView Related Reading: Trump Coin Jumps 10% On Canary Capital ETF Filing: Details At the time of writing, Ethereum was trading at $4,465. Featured image from Unsplash, chart from TradingView
Central bank stimulus in China and global investors’ response to recession fears will determine if altseason continues.
Japan's Financial Services Agency is expected to approve local firm JPYC to issue its stablecoin this fall, according to Nikkei.
The AI-driven Qubic network’s latest vote signals growing risks for major proof-of-work chains, with Dogecoin chosen as its next focus.
The Bitcoin price has been on an interesting trajectory over the past few weeks, setting new all-time highs along the way. More recently, the premier cryptocurrency surged to a new all-time high above the $124,100 mark. The Bitcoin price has since succumbed to significant bearish pressure, hovering around the $118,000 region for most of the weekend. A prominent crypto trader on the social media platform X has identified levels that could be pivotal to the coin’s future trajectory. $117,500 And $114,500 Are Next Support Levels: Glassnode Data In a recent post on the X platform, crypto analyst Ali Martinez pinpointed two support levels that could prove crucial to the Bitcoin price’s movements over the next few days. This evaluation is based on the cost-basis distribution of the Bitcoin supply. Related Reading: Bitcoin Under Pressure? Rising Exchange Inflows Signal Potential Supply Build-Up Martinez highlighted the cost basis distribution (CBD) metric, which looks at the average cost basis of the total Bitcoin supply within various price brackets. As observed in the chart below, the CBD metric utilizes a heatmap with fixed price bracket levels (on the vertical axis) over a specific period (on the horizontal axis). The CBD chart shows that there is a significant cluster of investor cost-basis distribution around the $117,500 and $114,500 Bitcoin price levels. This basically indicates the presence of several investors who likely purchased their coins around these price regions. According to data from Glassnode, 72,900 BTC and 56,201 BTC were acquired from around the $117,500 and $114,500 levels, respectively. Martinez earmarked these $117,500 and $114,500 levels as the next critical support zones for the market leader. These price regions could act as support cushions because investors—who have been in the green—are likely to defend their positions by buying more coins when the Bitcoin price returns to their cost bases; and this fresh buying activity could then help keep the price afloat. It is worth mentioning that the Bitcoin price could be at risk of a severe correction if it breaks beneath the $114,500 support, as no major price cushion seems to be in sight. Bitcoin Price Overview As of this writing, the price of BTC stands at around $117,600, reflecting no significant movement in the past 24 hours. This past-day action mirrors the current indecisiveness in the world’s largest market. According to CoinGecko data, the flagship cryptocurrency is up by a mere 0.7% in the last seven days. Related Reading: XRP Price Could Be Headed To New All-Time Highs Due To These Factors Featured image created by Dall-E, chart from TradingView
Apple again is reportedly exploring AI-powered robots, including a tabletop assistant and a lifelike Siri upgrade.
Institutions ramped up BTC exposure in Q2 through spot ETFs like IBIT and crypto-linked stocks, signaling growing comfort with the asset class.
Saylor signaled an impending Bitcoin purchase by Strategy, as BTC’s price hovers around the $117,000 level, down from the all-time high.
The World Economic Forum (WEF), the influential global convening force for policymakers and industry leaders, has appointed BlackRock CEO Larry Fink as interim co-chair. The move comes hot on the heels of a high-profile internal review that cleared WEF founder Klaus Schwab of wrongdoing and set the stage for a temporary leadership overhaul as the […]
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LINK surged 18% to $26.05, outpacing peers as analysts highlight undervaluation, strong chart signals and Chainlink’s August product announcements.
The decline in volatility across asset classes likely reflects expectations for easy monetary policy and economic stability; however, some analysts are warning of potential downside risks.
A rising bitcoin price is seen as most favorable for Galaxy's digital assets business, while miners fight a rising network hashrate, the report said.
Bitcoin’s price rally has hit turbulence over the past 48 hours, and this has opened the door for bearish voices to resurface. After reaching a fresh high of $124,128 just three days ago, the leading cryptocurrency has since declined by about 4.8%, sliding back to the $117,000 to $118,000 price zone at the time of writing. This pullback has opened up a possibility that the much-anticipated macro top may already be in, and further downside may be possible if there is a lack of bullish momentum. Related Reading: Trump Coin Jumps 10% On Canary Capital ETF Filing: Details Analyst Maps Out Bearish Bitcoin Wave Structure Bitcoin showed signs of building on in early August after bouncing off a low around $112,000. However, after its latest high at $124,128, sellers quickly stepped in, pulling the price down. The decline has been accompanied by fading short-term momentum. Although it might be too early to conclude, relative strength index (RSI) readings are starting to point to a bearish divergence on the 4-hour candlestick timeframe chart. Taking to the social media platform X, crypto analyst CasiTrades outlined what they believe could be the start of a larger ABC corrective structure for Bitcoin. According to the projection, Bitcoin may be entering Wave A, which consists of a five-wave corrective structure that could send the price to as low as $77,000 at the macro 0.382 Fibonacci retracement. The roadmap of this price crash envisions an initial Wave 1 drop to $112,000, a brief Wave 2 recovery back to $120,000, and then another Wave 3 decline into the $89,000 range. After this, the next step is a Wave 4 retest break of $100,000 before reversing into Wave 5, which brings the ultimate Wave A bottom at $77,000. Chart Image From X: CasiTrades The accompanying chart posted by the analyst shows the wave counts with subwave precision. Interestingly, the analyst also pointed out that the ultimate macro target for the end of this correction is at $60,000, right at the golden 0.618 Fibonacci retracement. This is at the macro level and can only come to fruition if the ABC corrective waves play out to completion. A Bearish Tone Amidst Bullish Predictions This analysis introduces a sobering counterpoint at a time when many forecasts continue to paint Bitcoin as being on track for $150,000 and beyond. Even though strong institutional inflows and technical milestones, such as the realized price flipping above the 200-day moving average are bullish indicators, the bearish scenario from CasiTrades could still be valid. If Bitcoin fails to reclaim bullish momentum, the current correction could change into something deeper, making the $124,000 high not just a pause but the macro top of this cycle. Related Reading: XRP Chatter Reaches Ride-Share Drivers — Small Survey Shows Mixed Results Although many cryptocurrencies have largely followed Bitcoin’s movements this cycle, CasiTrade’s analysis isn’t a bearish case for the entire crypto market. According to the analyst, if this bearish case plays out, it could cause the long-discussed capital rotation out of Bitcoin and into large-cap altcoins, some of which may surge to new all-time price highs even as Bitcoin retraces. At the time of writing, Bitcoin was trading at $118,203. Featured image from Unsplash, chart from TradingView
Bitcoin is almost overdue for another "price discovery correction" after six weeks of gains — will BTC price action copy history?
The proposal included geographically distributed multi-signature cold-storage for secure self-custody, proof of reserves, and a budget cap.
The latest Bitcoin bull run feels different. Scratch that. Every bitcoin bull run feels different, as each cycle brings with it fresh narratives and new blood. But there’s one element that’s always been consistent throughout Bitcoin’s history, and that’s retail interest in buying into freedom tech and f**k you money. Well, Bitcoin to the moon […]
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Bitcoin steadied near $118,000 on Sunday, though analysts Lark Davis and Michaël van de Poppe warned of deeper corrections and choppy trading ahead.
Bitcoin’s smaller cousin, XRP, has drawn fresh bullish bets after it held above the $3 mark in July. According to trading charts and public commentary, the token first pierced $3 in January 2025 — its highest point in seven years — then pulled back before reclaiming that level in mid-July. Related Reading: Trump Coin Jumps 10% On Canary Capital ETF Filing: Details The comeback has some analysts reading the move as a change in market structure, and price sits near $3.12 as momentum checks continue. Trendline Breakouts And Support Flip According to analyst Steph, a breakout above a long-running descending trendline on the weekly XRP chart is what matters now. Steph points to the flip of $3 from resistance into support as a classic technical cue. He used historical weekly charts to argue that past breakouts from similar trendlines often led to strong rallies, and he highlighted that pattern going back to 2022 when price action began to shift more visibly. This is the hardest #XRP bull market ever. Congratulations if you’re still here. We will get rich! pic.twitter.com/cLltUs7MQj — STEPH IS CRYPTO (@Steph_iscrypto) August 12, 2025 A Pattern Seen Several Times Since 2022 Reports have traced the same setup across multiple cycles. After the Terra collapse in May 2022, XRP fell and formed a descending trendline that broke in September 2022, sending price to a high near $0.55. Later, a new trendline formed and then broke around the SEC vs. Ripple ruling in July 2023, which preceded a move toward $0.94. The most recent big run took XRP to about $3.4 in January 2025, after a breakout following the November 2024 US elections. Those episodes form the backbone of the “repeat pattern” case. Analyst Targets And Differing Calls Steph projects a potential rise to $14 from roughly $3.12 now, which would equal about a 340% gain. According to his messaging, some traders who sold early took profits, while others who held could see larger returns if the thesis plays out. Based on reports, some commentators have voiced similar targets, saying when XRP traded near $2, that the token was poised for a major breakout and pointed to Fibonacci levels toward $14, while others put a $14 minimum target on the table last March. Related Reading: XRP Chatter Reaches Ride-Share Drivers — Small Survey Shows Mixed Results What To Watch Going Forward Volume on any push above recent highs will tell the story. Keep an eye on whether $3 stays as support and whether the weekly breakout holds as price moves higher. Also watch how long consolidation around $2 lasted — more than five months — because long flat bases can precede sharp moves if buyers return in force. Derivatives flows and where large holders place sell orders will matter too. Featured image from Unsplash, chart from TradingView
A few years after telling Terra/Luna investors that their funds were safe, Kwon admitted to misleading them.
Welcome to Slate Sundays, CryptoSlate’s new weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto. Would you take a drug that had a 25% chance of killing you? Like a one-in-four possibility that rather than curing your ills or […]
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Firms aim to own their settlement rails to boost efficiency, compliance and revenue from digital asset payments, analysts said.
XRP price could drop by over 20% in the coming weeks due to multiple onchain indicators hinting at a local top formation.
Japan’s FSA is set to approve JPYC as the country’s first yen-pegged stablecoin, a move that could reshape demand for Japanese government bonds.
While crypto chases AI token hype, smart money invests in compute infrastructure. Like the gold rush, those who own the rails — not the miners — get rich.
Zhao will remain an adviser as Story Protocol enters its next phase under SY Lee’s leadership, while he launches Poseidon to bring AI into frontier industries like science and space.
Bitcoin’s recent climb looks steady but measured. Prices hovered at $118,350 when the key calls were made, and short-term technical models point to a possible rise of about 11% to $129,690 by September 15, 2025. Related Reading: XRP Chatter Reaches Ride-Share Drivers — Small Survey Shows Mixed Results Market gauges are in Bullish territory. The Fear & Greed Index sits at 64 (Greed), and over the last 30 days Bitcoin recorded 13/30 (43%) green days with price volatility around 1.65%. Those figures show momentum, but not runaway behavior. CEO Issues A Cautionary Call According to Canary Capital CEO Steven McClurg, there may be no more than 27% of upside left in this cycle before a downtrend begins. He told viewers there is a greater than 50% chance Bitcoin hits the $140–$150k band this year. At $118,350 that would mean gains in the neighborhood of 20% to 30%. That is the scenario he laid out — a controlled move higher that then rolls over if key buyers step back. Institutional Flows Drive Recent Gains Reports have pointed to spot Bitcoin ETF inflows and large treasury purchases as the main drivers of recent price action. McClurg said sovereign wealth funds and insurance companies have been asking questions and moving into allocations, and he expects some of that buying to peak in the coming months. If those big buyers slow or pause, the price path becomes harder to justify at higher levels. Macro Signals And Fed Timing McClurg also expressed concern about the broader economy and the timing of US monetary policy. He said he does not like the economic standing now and argued the US Federal Reserve should have cut rates earlier. Still, he expects cuts in September and October, and market pricing via a popular CME gauge places the odds of a September cut at roughly 92%. A Fed move can lift risk assets, or it can unsettle markets if it signals deeper trouble — either outcome matters for Bitcoin. Related Reading: Trump Coin Jumps 10% On Canary Capital ETF Filing: Details Bulls Offer A Different Timeline Not all voices are cautious. Cathie Wood (ARK Invest) projects a big upside — a bull case around $1.5 million by 2030, with lower-case scenarios in the high hundreds of thousands. She links the thesis to growing institutional demand and Bitcoin’s fixed supply. Strategy executive chairman Michael Saylor said recently that “Winter is not coming back,” and he went as far as saying that if Bitcoin is not going to zero it could reach $1 million. Mike Novogratz (Galaxy Digital) gives a range: midterm targets like $150k are possible, and under stronger adoption scenarios he talks about $500k–$1M longer term. He stresses those outcomes depend on macro conditions and large buyers. Featured image from Unsplash, chart from TradingView
The crypto market cap rose 13% in July with ether leading altcoins higher, stablecoins overtaking Visa and tokenized stocks surging 220%, Binance Research said.
Centrifuge joins BlackRock’s BUIDL and Ondo Finance in the $1 billion RWA club as demand grows for tokenized products.