Co-founder and former CEO of Binance, Changpeng Zhao, has requested Delaware Bankruptcy Court to dismiss a $1.7 billion recovery lawsuit filed by FTX Trust. He said that the US has no right to come after him over the clawback claim. Changpeng Zhao Fires Back At FTX Bankruptcy Estate The defunct crypto exchange, FTX, filed a …
The Bitcoin price has rebounded once again after initially testing the waters with a crash to $112,000. This was spurred by profit-taking as the digital asset had risen to levels not seen before back in July 2025. However, this recovery does not mean that Bitcoin is completely out of the water, especially given the fact that it has retraced to a level that would be considered bearish at this point. Bearish FVG Could Send Bitcoin Price Crashing In an analysis, crypto analyst Kamran Asghar revealed that the Bitcoin retrace could only be temporary and short-lived as it has moved back into a bearish Fair Value Gap (FVG). This comes after a small bounce from $112,000 toward $115,000, with this bearish FVG lying between $114,000 and $115,500. Related Reading: Pundit Says Ethereum Price Is Headed For $9,000 After This Broadening Wedge Retest This fair value gap had been created following the price crash from $118,000, suggesting that the Bitcoin price would be looking to fill it again. Additionally, this level acts as a major supply zone, meaning that bulls would have to turn up the buying if the Bitcoin price is to cross this level without issue. Given the fact that the bearish FVG and the supply zone are riding ahead of the cryptocurrency, it shows that there is a lot of resistance building at this level. Kamran suggests that the next move after hitting this supply zone would be a rejection from this level, leading to a further beating down of the price. How Low Could BTC Go? In the event of a hard rejection, the crypto analyst sees the Bitcoin price tumbling further downward into mid-July levels between $107,500 and $109,000. This would mean another 5% crash for the Bitcoin price before it is able to find support. Related Reading: Analyst Warns XRP Investors Not To Let Fear Dictate Moves As Long As Price Holds This Level The silver lining of this possible crash is the fact that Bitcoin has major support at this level. Thus, Bitcoin bulls could stage a rebound using this level as the next lift-off point for a recovery. Due to this, the crypto analyst warns investors to keep an eye on the digital asset to see how it reacts at this level. Interestingly, at this time, the Bitcoin funding rate is still positive, Coinglass shows. What this means is that traders believe that the digital asset is still in a bull market, and more investors are betting on the price continuing to rise from here. However, the positive funding rate has seen some decline in the month of August, suggesting a slowdown among bulls. Featured image from Dall.E, chart from TradingView.com
Fundstrat managing partner Tom Lee said Bitcoin should hit $1 million “over time” and isn’t ruling out $250,000 for 2025.
The Smarter Web Company (SWC) has launched “Smarter Convert,” a $21 million, interest-free Bitcoin-denominated convertible bond fully subscribed by institutional investor TOBAM. The bond offers 98% downside protection if unconverted after 12 months and converts into equity at a 10% premium to the £1.95 reference share price. A forced conversion occurs if shares trade over …
Bitcoin has now dropped for six consecutive days, pushing the price down to around $112,000. Meanwhile, top crypto analyst Ali Martinez has spotted a worrying signal on Bitcoin’s chart. The RSI just dropped below its 14-week moving average, a pattern that previously triggered 24–26% crashes. If history repeats, Bitcoin could fall from $113K down to …
XRP is no longer just for traders. It is quietly becoming a go-to asset for corporate treasuries. Recent SEC filings reveal that more companies are adding XRP to their balance sheets, not for speculation but as a strategic financial move. Crypto legal expert Bill Morgan pointed out this growing shift. Flora Growth, a US company, …
The UK-listed firm accepted 1,097.29 BTC in lieu of $96.9 million in cash at the request of a significant number of subscribers.
Notcoin, the Telegram-based play-to-earn token, is once again under pressure. After showing signs of recovery, the token has shed nearly 7% in the past 24 hours, now trading at $0.001985. The trend remains majorly bearish with the market cap dipping to $197.24 million and volume spiking +17.64% to $30.24 million. This signals panic exits or …
Derive data show crypto traders have shifted toward bearish positioning for Bitcoin and Ethereum options expiring in August, with demand focused on put options.
Tom Lee, co-founder of Fundstrat and chairman of BitMine, has chosen Ethereum over Bitcoin as his top crypto bet for the current market cycle. Speaking on the “Coin Stories” podcast, Lee highlighted Ethereum’s growing institutional adoption, technical reliability, and rapid stablecoin growth. He described ETH as the “biggest macro trade” ahead, comparing its rise to …
Investors withdrew $196 million from U.S.-listed bitcoin ETFs on Tuesday, while pouring money into ether ETFs.
Bitcoin Indonesia said it recently pitched Bitcoin to the vice president’s office and discussed Bitcoin mining as a national reserve strategy.
As Solana (SOL) attempts to reclaim a crucial level, a market watcher forecasted a massive rally for this quarter. However, some analysts suggested that the cryptocurrency will retest the range lows soon. Related Reading: Is Bitcoin’s Price Discovery Rally Over? This Week’s Performance May Hold The Answer Solana Nears Crucial Level On Tuesday, Solana surged 9.6% from the recent lows, driven by the start of Solana Mobile’s global shipments of the Seeker, its second-generation Web3 smartphone, to over 50 countries. The news propelled the altcoin to a multi-day high of $171, fueling bullish sentiment among investors before its price retraced to the mid-zone of its local range. Notably, SOL has been hovering between the $140-$180 range since the April-May breakout, attempting to reclaim the local high for the past three months. During the June correction, SOL momentarily lost its local range lows, retesting the $120-$130 zone as support. However, the cryptocurrency reclaimed its range amid the July rally, briefly breaking out of the upper boundary and hitting a five-month high of $206 two weeks ago. Since then, Solana has seen a 25% correction from the highs to the mid-zone of its local price range, currently trading between the $160-$164 levels. Amid its recent performance, analyst Ali Martinez highlighted SOL’s most crucial levels, based on the UTXO Realized Price Distribution (URPD) indicator. According to the chart, the key support area for the altcoin is around the $165 mark, where the largest supply cluster is with 44.4 million SOL, or 7.42% of the supply. As a result, Solana must reclaim the $165 level soon, or it will risk turning this key level into a key resistance, leading to further downside. Nonetheless, if this level is reclaimed, then the altcoin would have to retest the crucial resistance levels around $177 and $189, where investors have also accumulated 27.6 million and 23.6 million SOL, respectively. SOL Preparing For The ‘Real’ Run? Analyst Crypto Jelle highlighted Solana’s recent price action, asserting that SOL is “quietly trending higher” with higher lows and turning resistance levels as support. The market watcher forecasted that Solana would reach a new all-time high this quarter, as he doubts “the train stops anytime soon” once it finally breaks out of the $200 resistance. Meanwhile, Crypto Batman suggested that the altcoin will see another correction soon. To the analyst, Solana could have a 10% drop to its four-month ascending support line, which sits around the $150 level, before “the real move.” Per the chart, the cryptocurrency has bounced from this support line twice, in April and June, before rallying to local highs during the May and July price breakouts. Related Reading: Cardano Marks Historical Milestone With Governance Vote, Hoskinson Reacts Similarly, analyst Ted Pillows asserted that SOL could see a significant rally this year despite the recent underperformance, as network activity remains strong. He predicted a 10%-15% correction, affirming that “a dip towards $140-$150 before reversal is highly likely to happen.” As of this writing, Solana is trading at $$163, a 3.3% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Ripple is stepping into Washington’s crypto debate, responding to the U.S. Senate Banking Committee’s Request for Information (RFI) on the draft Crypto Market Structure Bill released in July. Chief Legal Officer Stuart Alderoty said Ripple is in a prime position to weigh in, given its decade-long regulatory experience and the bruising lessons learned from its …
Binance CEO Changpeng Zhao has filed a motion to dismiss the FTX estate’s $1.76 billion clawback lawsuit. He argues the Delaware court lacks jurisdiction, citing his UAE residency and the offshore nature of the transactions. The lawsuit stems from a 2021 share buyback between FTX and Binance, which FTX claims was fraudulent. Zhao’s legal team …
For traders who pay or earn funding fees on CEXs, Boros offers a new hedge: short YU if funding is expected to fall; long if rates are projected to spike.
As crypto traders look for signs of a new altcoin season, recent market movements and data hint it may be too early to celebrate. While many hoped that the recent bounce in altcoins was the start of a new rally, technical signals, especially Bitcoin dominance and Ethereum ETF flows, are showing another picture. Bitcoin Dominance …
KakaoBank says it is reviewing new business ventures in digital asset issuance or custody, while working with Kakao's stablecoin task force.
Dogecoin started a fresh decline from the $0.2120 zone against the US Dollar. DOGE is now consolidating and might decline below the $0.1940 support. DOGE price started a fresh decline below the $0.2050 level. The price is trading below the $0.20 level and the 100-hourly simple moving average. There is a key declining channel forming with resistance at $0.20 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh upward move if it clears the $0.20 and $0.2050 resistance levels. Dogecoin Price Dips Again Dogecoin price started a fresh decline from the $0.2120 resistance zone, underperforming Bitcoin and Ethereum. DOGE declined below the $0.2050 and $0.20 support levels. There was a steady decline below the 50% Fib retracement level of the upward move from the $0.1886 swing low to the $0.2112 high. The bears even pushed the price below the $0.1980 level. There is also a key declining channel forming with resistance at $0.20 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.1980 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.20 level. The first major resistance for the bulls could be near the $0.2050 level. The next major resistance is near the $0.2120 level. A close above the $0.2120 resistance might send the price toward the $0.2250 resistance. Any more gains might send the price toward the $0.2350 level. The next major stop for the bulls might be $0.250. More Losses In DOGE? If DOGE’s price fails to climb above the $0.2050 level, it could start a fresh decline. Initial support on the downside is near the $0.1940 level or the 76.4% Fib retracement level of the upward move from the $0.1886 swing low to the $0.2112 high. The next major support is near the $0.1880 level. The main support sits at $0.1750. If there is a downside break below the $0.1750 support, the price could decline further. In the stated case, the price might decline toward the $0.1680 level or even $0.1620 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1940 and $0.1880. Major Resistance Levels – $0.2000 and $0.2050.
Crypto derivatives volumes surged across major exchanges last month, with Binance leading at $2.55 trillion.
Bitcoin is currently undergoing a period of downward movement after briefly setting a new all-time high earlier last month. Over the past week, the world’s largest cryptocurrency has declined by nearly 4%, trading at $113,993 at the time of writing. This represents a drop of approximately 7.2% from the peak price of above $123,000 reached in July. The decline has sparked renewed discussion among analysts about the asset’s current price discovery phase and what it could mean for the remainder of 2025. Related Reading: Bitcoin Is Secretly Tracking This Market Signal: Weiss Crypto Bitcoin Price Discovery and the Potential for Q4 Gains CryptoQuant analyst Oinonen shared his latest assessment of Bitcoin’s market performance, noting that while the recent pullback appears significant, it primarily reflects technical market conditions. In his post on the QuickTake platform, he explained that a combination of macroeconomic uncertainty, technical indicators turning bearish, and liquidation events has contributed to the decline. However, he described the ongoing situation as a “technical correction” within Bitcoin’s longer-term bullish structure. Despite the short-term weakness, analysts remain focused on Bitcoin’s price discovery process. This phase, according to Oinonen, is essential in establishing the asset’s fair market value as supply and demand interact in the market. Following the all-time high of $123,400 on July 14, Bitcoin appears to be consolidating, potentially setting the stage for further upward movement later in the year. “Bitcoin has historically performed well in the fourth quarter,” Oinonen noted, suggesting that a return to its previous peak and even a potential move toward $200,000 could be on the horizon if historical patterns hold. Additionally, the analyst pointed to Binance’s high stablecoin reserves as a factor that may influence Bitcoin’s trajectory. These reserves represent capital that could flow into Bitcoin and other digital assets if market sentiment improves. A positive shift in buying activity, combined with Bitcoin’s reflexive market behavior, could support further gains, although the extent to which this would benefit altcoins remains uncertain. Related Reading: Is Bitcoin Losing Steam? Analysts Warn of Fragile Market Support Caution Over Negative Coinbase Premium Signals While some market participants anticipate a possible rebound later this year, other analysts are urging caution. Another CryptoQuant contributor, known as BQYoutube, highlighted a recent change in the Coinbase Premium Index, a metric comparing prices on Coinbase versus other exchanges. Since June 30, the premium has shifted to negative, indicating weaker buying pressure from US-based investors. “Historically, stronger Bitcoin rallies have coincided with a positive Coinbase Premium,” BQYouTube wrote, suggesting that traders may want to wait for signs of renewed spot demand before expecting a sustainable uptrend. Featured image created with DALL-E, Chart from TradingView
Bitwise chief investment officer Matt Hougan remarked on “the most bullish document I’ve read on crypto.”
James Howells, known for losing a hard drive containing 8,000 Bitcoin in a Newport landfill, has officially ended his 12-year excavation effort after repeated legal and council obstacles. Following the decision to stop physical recovery attempts, Howells is now shifting his focus to the crypto space by launching a new DeFi token inspired by his …
Chirag Tomar, convicted in the U.S. for a $20M crypto scam using fake Coinbase websites, ran a phishing network targeting global victims.
MYX, the token of non-custodial trading platform MYX Finance, shocked the crypto market with a huge 477% price jump in just one day, hitting a new all-time high of $2.09. Many people in the crypto space were surprised by this massive move and started asking: Why is MYX going up so fast? Key Reasons Behind …
On August 5, US spot ETFs recorded significant movements: Bitcoin saw a net outflow of 1,710 BTC (valued at $196 million), while Ethereum ETFs experienced net inflows of 19,710 ETH ($73 million). BlackRock’s spot Ethereum ETF stood out, purchasing 23,870 ETH worth $88.8 million. These contrasting flows suggest shifting investor sentiment, with interest moving toward …
The founder of lending firm MyConstant agreed to pay over $10 million to the SEC to settle claims that he used investors’ money to buy the now-collapsed Terra stablecoin.
Traders are monitoring whether DOGE can stabilize above $0.198 or face further downside toward $0.185.
OpenAI's potential valuation surge highlights the intensifying competition for AI talent and the strategic maneuvers shaping tech industry dynamics.
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The performance of altcoins this week suggests “rapid derisking across the high-beta segments” of the crypto market.