In January, the Terraform Labs co-founder pleaded not guilty to several charges, including securities fraud, market manipulation, money laundering and wire fraud.
Blockchain developer known as Fede’s Intern confirmed his release from Turkish custody on August 11 after authorities detained him over alleged connections to Tornado Cash. The developer posted on X that international intervention secured his freedom following a brief detention at Izmir airport. Turkish police detained the developer upon arrival in Izmir, where he planned […]
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Do Kwon, the mastermind behind the collapsed Terra crypto project, is expected to plead guilty on Tuesday, court docs show.
The US Senate is not scheduled to be in session until Sept. 2, but Senator Elizabeth Warren offered a preview for how she may address the CLARITY Act.
A senior researcher at Glassnode has challenged the idea that the Bitcoin price is correlated to US money supply or other major economies. No Structural Link Between Bitcoin & Money Supply Of Major Economies In a new post on X, Glassnode senior researcher CryptoVizArt.₿ has talked about the Correlation between Bitcoin and the money supplies of the Group of Seven (G7) economies. The “Correlation” here refers to an indicator that measures how tightly together the prices of two given assets are moving. When the value of this metric is positive, it means the price of one asset is reacting to movements in the other by moving in the same direction. The closer the indicator is to 1, the stronger the relationship. Related Reading: This XRP Signal Consistently Foreshadows Price Jumps: Analytics Firm On the other hand, the indicator being under the zero mark suggests a negative correlation exists between the prices. That is, they are moving in opposite directions. This behavior is the strongest at -1. Now, here are the charts shared by the analyst that provide a few representations of the Correlation between Bitcoin and the money supply of each G7 nation over a 90-day rolling window: As is visible in the graphs, the Correlation between Bitcoin and the money supplies of seven of the world’s largest economies has swung wildly over the years. Often, periods of positive values of the metric are succeeded by a phase of negative or neutral levels, with there being no clear macroeconomic triggers behind the shifts. “Bitcoin’s correlation with US M2 or other major economies’ money supplies demonstrates no consistent or predictive pattern,” notes the Glassnode researcher. A longer-term view through a 180-day rolling window also shows the same. “Despite frequent claims of a stable linkage, the data suggest the relationship is largely stochastic rather than structural,” says CryptoVizArt. While Bitcoin is certainly not independent of the global economy, this pattern would suggest that there is a mix of several other factors that also play a role in driving the coin. Related Reading: Dogecoin Is Right Where Past Bull Runs Have Taken Off: Analyst In an earlier X post, the analyst shared the trend in the 180-day Correlation between Bitcoin and two traditional assets: Gold and S&P 500. From the topmost chart, it’s visible that Gold and Bitcoin have seen their 180-day Correlation stand at a neutral level most recently, indicating that the two have pretty much been moving independently of each other. Meanwhile, the second graph shows a notable positive value for the metric between S&P 500 and BTC, implying the cryptocurrency has been moving in tandem with stocks to some degree. BTC Price Bitcoin crossed above $122,000 during the weekend, but it would appear the asset has kicked off Monday with a retrace as its price is back at $119,000. Featured image from Dall-E, chart from TradingView.com
Safety Shot announced on August 11 the creation of a corporate BONK treasury, receiving $25 million in tokens through a strategic alliance with BONK founding contributors. The Nasdaq-listed company issued $35 million in convertible preferred shares as consideration for the allocation. The arrangement positions Safety Shot among a growing cohort of public companies adopting altcoin […]
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Blue Origin’s new crypto payment option joins a wave of blockchain ventures in aerospace, from NFTs minted in orbit to satellites running decentralized networks.
SUI slid to $3.69 after failing to break resistance near $3.98, with open interest dropping 15% and funding rates plunging from July highs.
Paxos, an established real-world assets (RWA) tokenization company, has announced plans to broaden its market share. The company announced that it applied to convert its charter under the New York Department of Financial Services (NYDFS) into a national charter. Paxos filed for a national charter with the Office of the Comptroller of the Currency (OCC). …
Bitcoin’s price movements often reflect broader macroeconomic trends. Analysts have uncovered a consistent pattern where BTC’s price follows these shifts with a roughly 12-week delay. With global liquidity now picking up steam, the macro-level signal now points toward a potential bullish phase ahead for BTC. How Liquidity Trends Fit Into Bitcoin’s Long-Term Cycle In an X post, Crypto expert MartyParty pointed out a compelling pattern in Bitcoin’s price behavior, stating that its high-timeframe follows global liquidity, indicated on the chart as the blue line following the red line lagged 12 weeks. Related Reading: Bitcoin Miners Avoid Forced Selling: BTC Sits 7.4% Above Last Difficulty Bottom Currently, the global liquidity curve is on the rise, and the US has not started issuing new liquidity, meaning the current surge is being fueled externally. MartyParty argues that this global liquidity wave is primed to push BTC toward the $125,000 mark on foreign liquidity issuance. The current macro thesis suggests that BTC could reach $140,000, driven purely by the influx of foreign liquidity. In the meantime, the upcoming US liquidity issuance is expected to begin within the next quarter and will last up to a year to eighteen months. Once the US liquidity kicks in, combined with expected rate cuts that will lower borrowing costs, it will create a compelling setup for the BTC price to potentially rally to $250,000 in the medium to long term. Daan Crypto Trades has revealed that Bitcoin’s impressive resilience and steady upward trend relative to the US stock market have been trending since its bottom in 2022. Over this period, BTC has experienced only four moderate corrections ranging between 20% and 30%, while delivering a 420% gain from bottom to top. This steady outperformance suggests that BTC has carved out a strong position as a growth asset, especially in risk-on market environments. How Bitcoin’s Current Energy Value Growth Differs From Past Cycles Another notable development is the Bitcoin Energy Value, which just reached a new all-time high of $135,000 per BTC. According to StarPlatinum, in previous market cycles, reaching such peaks in Energy Value has been associated with sharp price moves or big drops. Related Reading: Bitcoin Moves Into $12 Trillion Sector: Why BTC In 401Ks Is A Big Deal Currently, the rise in Energy Value is gradual and steady, reflecting a more natural market progression. This data reveals several key points about BTC’s current state. First, BTC is stronger and more mature than ever, with demand steadily increasing over time. Despite hitting a new all-time high on Energy Value, the current price still sits about 15% below this metric, indicating there’s still room to run. Historically, the BTC cycle top occurred when its price surged 40% to 60% above its Energy Value. Meanwhile, many in the crypto community have spent three years saying BTC is close to the top, only to see those calls followed by waves of FOMO. Featured image from Pixabay, chart from Tradingview.com
Bitcoin getting to $340,000 this cycle is a "very big ask," but over the past five years, BTC has already won the macro asset returns game, research shows.
Analysts suggest that this momentum is fueled by a recent increase in network capacity, rising ether price, and a reduction in transaction costs, particularly for DeFi protocols and stablecoin transfers.
Paxos has joined the list of firms seeking a national trust charter, with the stablecoin issuer following Circle and Ripple on that front.
A drinks company is now adopting BONK as a treasury asset, and plans to acquire up to $115 million of the Solana meme coin by year-end.
The Ripple case resolution enables the SEC to prioritize establishing a transparent regulatory framework, potentially fostering crypto innovation.
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The United States Securities and Exchange Commission (SEC) has announced a countrywide initiative to meet with more crypto stakeholders. The SEC announced on Monday that its Crypto Task Force, led by Commissioner Hester Peirce, will host a series of roundtables, with small firms in different cities. According to the announcement, the SEC’s Crypto Task Force …
The Bitcoin price has regained momentum, rising toward the $120,000 level after experiencing a short-lived pullback earlier this week. However, recent technical analysis warns that an unfilled Chicago Mercantile Exchange (CME) gap near $116,500 may act as a barrier, potentially creating the risk of a price crash as BTC makes its way toward a fresh all-time high. Bitcoin To Face Short-Term Crash With CME Gap A new Bitcoin price analysis by crypto market expert Ted Pillows suggests that BTC could encounter another major hurdle on its path to a record high. His analysis, shared on X social media, points to conditions in cryptocurrency’s current market structure that may trigger a temporary correction. Related Reading: Bitcoin Risks Another Crash Following Recovering Into Bearish FVG Zone Notably, Pillows reported that Bitcoin recently reclaimed and even surpassed the $118,000 level after a volatile week that saw the asset shed $2,000 to fill a CME gap from last week. The analyst’s chart highlights this gap in Bitcoin’s price action on the CME futures market around $116,500. Historically, such gaps tend to be “filled” as price retraces to trade within the missing range, making them critical areas of interest for traders. Pillows has stated that the unfilled CME gap near $116,500 will likely be revisited soon. This week’s market action already saw BTC drop sharply to close last week’s gap before rebounding, suggesting that the same pattern could play out again. If the $116,500 CME gap is filled, it could momentarily disrupt Bitcoin’s ascent, triggering a potential crash in its price. Although this scenario appears bearish, the analyst reassures that any pullback is expected to be temporary. Pillows anticipates that a brief correction could lay the groundwork for a fresh leg upward. Technical patterns also indicate that once Bitcoin begins this upward push, it could rise toward uncharted territory and establish a new all-time high. Other Analysts Share Their Take On Bitcoin CME Gap Further discussing the Bitcoin CME gap, market analyst ‘Daan Crypto Trades’ on X pointed out the recently formed gap that opened this week. According to the analyst, the gap lies between $116,500 and $118,400, standing out not only for its size but its proximity to Bitcoin’s previous ATH range. Related Reading: Analyst Shares Where Bitcoin, Ethereum, And XRP Prices Will Be By 2032 Daan Crypto Trades noted that most CME gaps tend to close within the same day; however, this latest gap has extended farther than usual. He explained that the gap near Bitcoin’s record high creates the ideal conditions for a price discovery. In such scenarios, CME gaps often stay open for longer periods, as bullish momentum can drive prices upward without retracement. Notably, the expert’s chart analysis indicates that Bitcoin’s latest CME gap is unlikely to close until its price comes within 1% or 2% of it, placing that level just under $120,000. At present, BTC is trading at $121,313. Featured image from Pixabay, chart from Tradingview.com
Financial infrastructure firm ALT5 Sigma Corporation signaled its plans to establish a $WLFI treasury, shortly after the token became poised to trade.
The digital assets arm of Fundamental Global is rapidly building one of the largest corporate ETH holdings.
Pump.fun’s token surged as the meme coin launchpad clawed back market share from LetsBonk, its biggest competitor on Solana in recent weeks.
Under the deal, the two firms — both backed by USDT issuer Tether — combine into one.
The IPO is led by Wall Street heavyweights JPMorgan, Jefferies and Citigroup, SEC filings show.
Nasdaq-listed Heritage Distilling Holding Company has unveiled a $360 million digital asset treasury strategy centered on the Story (IP) token, according to an Aug. 11 statement provided to CryptoSlate. The company said it secured $220 million through a private placement, comprising $100 million in cash and $120 million in Story tokens. Of the total proceeds, […]
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Bailey's $1B Bitcoin purchase could significantly influence market dynamics and bolster political advocacy for cryptocurrency adoption.
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Bitcoin is facing selling near $123,218, but it remains on track to hit a new all-time high as long as it sustains above $117,000.
Ethereum’s recent surge has pushed it past another milestone, with the world’s second-largest cryptocurrency by market cap overtaking MasterCard in the global asset rankings. Related Reading: Ethereum Hits $4,300, Restoring Vitalik Buterin’s Crypto Billionaire Status According to data shared by Watcher Guru, Ethereum now holds the 22nd spot, backed by a market capitalization of $507 billion. It’s trading at $4,220, with a 24-hour trading volume of $53.50 billion, and the mood among traders has been leaning toward optimism. Ethereum Breaks Long-Term Technical Pattern Reports have disclosed that analyst Crypto Patel has identified a breakout from a multi-year ascending triangle pattern on Ethereum’s chart — a formation often linked to strong upward price moves. Holding above $4,000 has been key in confirming the breakout, with Patel suggesting the setup could eventually send ETH toward $16,000 if buying pressure continues. JUST IN: Ethereum $ETH flips MasterCard to become the world’s 22nd largest asset by market cap. pic.twitter.com/JOCpZGOXaV — Watcher.Guru (@WatcherGuru) August 9, 2025 Patel also pointed to $3,500–$3,000 as a “demand zone” where pullbacks could attract more buyers. For those who entered before the breakout, the rally has been highly rewarding. According to Patel, early investors have seen gains of around 300%, marking one of Ethereum’s strongest runs in recent memory. ETF Flows Highlight Institutional Interest Institutional buying has added fuel to Ethereum’s climb. Based on August data, ETH exchange-traded funds (ETFs) brought in roughly $174.57 million in net inflows, compared to Bitcoin ETFs, which saw $565 million in net outflows during the same period. $ETH just broke out of a multi-year ascending triangle after holding $4K as support. Measured move from this pattern points to $16K if momentum holds. $3500-$3000 now key demand zone: Pullbacks here = re-entry opportunities. Hope you enjoyed our early entry wall on Ethereum,… https://t.co/ujN0h2PBVt pic.twitter.com/eblVPCpPUt — Crypto Patel (@CryptoPatel) August 10, 2025 This trend has given Ethereum some momentum against Bitcoin, with ETH briefly crossing the $4,300 mark on August 9 for the first time since 2021. Vitalik Buterin has also made comments suggesting that companies holding ETH in their treasuries could benefit from the asset, though he urged caution to avoid overexposure. His words induced new chatter on how far deep structural demand can take ETH/BTC to new heights. Differing Opinions On How Far The Rally Will Go Market observers are still divided on what Ethereum will do next. Bullish analysts cite chart indications as well as robust fundamentals as gauge that ETH will be able to keep delivering the goods. Skeptics caution that false breakouts are the norm and that remaining above $4,000 with heavy volume will be the true test in coming weeks. Related Reading: Ethereum Faith Fading? Samson Mow Says Holders Will Shift To Bitcoin Though Ethereum’s climb above MasterCard in terms of market value has been celebrated as another move into mainstream acceptance, analysts point out that rankings can change in a heartbeat with the ebb and flow of markets. At this time, ETH has a clean technical breakout, high institutional demand, and traders’ renewed focus — all things that can make the stage for larger action if it continues to hold. Featured image from Unsplash, chart from TradingView
XRP’s market cap is 2,200x greater than its total value locked on XRPL, signaling heavy upside speculation among traders.
Support has been established at $2.49, with resistance at the $2.68 level.
Sustained ETF inflows and corporate reserves could position ETH to outperform and challenge $5,000 for the first time ever.
Live streaming platform and Bitcoin-hodler Rumble is moving to expand its footprint in artificial intelligence and high-performance computing. On Aug. 10, the video-sharing and cloud services firm disclosed plans to acquire Northern Data, an AI and HPC infrastructure provider. According to the statement, the acquisition would involve a stock exchange offer, where Rumble would issue […]
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