Bitcoin exchange inflows have been increasing for over a month, and the latest BTC price drawdown has made nervous sellers double down.
TradFi giants made 345 blockchain investments between 2020–2024, with G-SIBs leading 100+ deals across tokenization, custody and payments.
The Bitcoin art world has suffered a blow as the enigmatic statue of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, has vanished from its current home in Lugano, Switzerland. The Satoshigallery, which curated and displayed the piece, has announced a reward of 0.1 BTC to anyone who can help recover the stolen statue, further deepening the mystery […]
The post Satoshi vanishes for a second time as Swiss gallery offers 0.1 BTC to recover stolen statue appeared first on CryptoSlate.
The Bitcoin market has been showing signs of increasing selling pressure, with its recent price action hinting at an even deeper distribution phase unfolding beneath the surface. Wyckoff Pattern Reveals Imminent Breakdown In an August 2 post on the social media platform X, crypto analyst Joao Wedson explained how the Bitcoin price may be at risk of a downturn over the coming months. The analyst based his conclusion on the Wyckoff Distribution model, a technical analysis framework that describes how smart money sells off assets at the top of a market cycle. Related Reading: Bitcoin Advanced Sentiment Index Reaches Bearish Levels: Futures Traders Show Caution Wedson highlighted in the post that a 13-phase schematic is unfolding in real-time, which signals that the institutional investors (known as “smart money”) are preparing to exit the market, even as the retail traders remain hopeful. The analyst started his breakdown with the Preliminary Supply (PSY) phase, where there are subtle signs of institutional sales, and a Buying Climax, where price hits a peak due to exhausted demand. This phase is then followed by an Automatic Reaction (AR), a sharp drop in Bitcoin’s price, defining the bottom of the distribution range. The fourth and fifth phases are Secondary Tests (ST), where price retests the highs of the distribution range, but with weaker momentum and volume. As the pattern matures, the price enters Phase B with sideways movement, confusing retail participants as the institutions quietly offload their coins. The most irrefutable signs appear in phases C and D, where there is first a Sign of Weakness (SOW), often characterized by a strong breakdown with volume; this is a major signal of demand fading. Then, there is a Last Point of Supply (LPSY), a weak rally towards the upside, which typically creates good setups for shorts. Finally, still within phases C and D, a break of ICE leads to a deeper fall, after which a second LPSY trap follows to seal the distribution. Is The Altcoin Rally Underway? Going further, Wedson pointed out that the market makers are rotating into altcoins. According to the analyst, altcoins are already exiting their accumulation zones and are being positioned for structural markups, reflecting increasing interest in the altcoin market. In contrast, Bitcoin has entered a weekly distribution phase, which may reflect as a weak or modest performance in the near term. Wedson added that, by the end of 2025, there will be a full rotation from BTC to altcoins, and then finally to fiat. As of this writing, Bitcoin is valued at about $113,439, reflecting no significant movement in the past 24 hours. Related Reading: Record Bitcoin Prices Propel Strategy To First Profit In Six Quarters Featured image from iStock, chart from TradingView
Pi Coin has hit a new all-time low, falling to $0.34. The continued unlocking of new tokens every month has added to the pressure, making it difficult for the price to hold steady. While many altcoins saw gains last week, Pi Coin continues to lag behind. One analyst has warned that Pi Coin could be …
Popular market analyst and key opinion leader (KOL), Ted Pillows, shares an insight into the Solana (SOL) market, stating the altcoin is likely to experience further price corrections in the short term. This price forecast comes amid a general crypto meltdown during which Solana prices have crashed by over 15% in a week. Related Reading: Altcoin Rally To Commence When These 2 Signals Activate – Details SOL Charts Hint At Retrace To $140 As Bullish Pattern Forms In an X post on August 1, Pillows outlines a Solana price prediction based on a forming cup-and-handle pattern on the monthly chart. In general trading, the cup-and-handle represents a classic bullish continuation pattern. As observed in the chart below, it begins with a tea cup formation where price first declines and then gradually recovers, forming a “U” or bowl-shaped curve. After the cup, the price pulls back slightly, creating the “handle.” Pillows’ analysis indicates that Solana is currently at this stage of the bullish pattern following a previous price rally to $235 earlier in January 2025. Solana is now undergoing a long-term descending consolidation movement, which Pillows project will lead the altcoin to trade as low as $140-$150. Presently, SOL trades around $159, indicating the altcoin may still undergo an additional estimated 11% price loss despite the registered heavy corrections in the past week. However, being a bullish continuation pattern, Solana’s successful return to $140-150 price range would also signal a potential price rally. However, Pillows’ analysis also indicates that the altcoin must first break past the neckline price at $235 to validate such bullish intent. If this scenario plays out positively, the top market analyst predicts Solana to trade as high as $1,000, suggesting a potential 532.91% gain on present spot prices. Despite recent price corrections, Ted Pillows strongly supports Solana’s bullish potential, noting the altcoin continues to record high levels of network activity, signalling a substantial level of market interest. Related Reading: Solana Faces Ethereum Scam Woes as TD Sequential Hints at Bullish Breakout Solana Market Overview At the time of writing, Solana trades at $159.34 after a 3.84% decline in the past day. Meanwhile, the asset’s daily trading volume is also down by 37.85% and valued at $4.98 billion. However, in line with Pillows’ prediction, Solana holds immense potential for future price appreciation, especially as a potential altseason approaches. The bullish sentiment among SOL investors is also driven by substantial institutional interest in the altcoin among many others. NewsBTC has earlier reported that several asset managers, including Grayscale, VanEck, and Fidelity, have also revised their Solana Spot ETF applications with the SEC, indicating ongoing dialogue between both parties in view of a potential approval. Featured image from Forbes, chart from Tradingview.com
As global markets hit the skids this week and forced liquidations and margin calls wipe out more levered longs, prominent traders are repositioning accordingly. New tariffs announced by the Trump administration and a sharply weaker U.S. jobs report caused anxiety in global markets; the S&P 500 lost 1.6% in a day, and Bitcoin, true to […]
The post There is no second best: Bitcoin consistently outperforms all major assets despite near-term selloff appeared first on CryptoSlate.
A new report by Ripple and CB Insights reveals how banks are reshaping financial markets through digital asset infrastructure, tokenization and crypto partnerships.
The incident highlights the challenges of preserving public art and the symbolic vulnerability of Bitcoin's enigmatic origins.
The post Where’s Satoshi? Statue of Bitcoin creator gets stolen, smashed, and lake-dumped in Lugano appeared first on Crypto Briefing.
Looking to live tax-free with crypto in 2025? These five countries, including the Cayman Islands, UAE and Germany, still offer legal, zero-tax treatment for cryptocurrencies.
The disappearing Satoshi statue, symbolizing Bitcoin’s anonymity, was stolen in Lugano. Organizers are offering 0.1 BTC to anyone who helps retrieve it.
Bitcoin’s network just got a lot tougher to mine while its price took a hit. According to data from CoinWarz, mining difficulty climbed to a record 127.6 trillion this week. At the same time, Bitcoin fell by 3%, touching an intraday low of $113,005 before edging back to $113,250 by 7:30 pm ET. Related Reading: XRP ETF Approval Incoming? Analyst Eyes September-October Window Mining Difficulty Hits All-Time High Based on analysis, difficulty will drop by roughly 3% on August 9, bringing it down to nearly 124 trillion. That adjustment follows a routine cycle every 2,016 blocks, or about two weeks, where the protocol tweaks how hard it is to mine a block. Difficulty makes sure blocks come out at a pace the system can handle. The challenge is tied to how much computing power, or hashrate, miners pour into the network. When more machines join, difficulty goes up. When some stop hashing, it comes down. In June, the difficulty slid to a low of 117 trillion, but it bounced back in late July and has been climbing since. At the moment, blocks are taking about 10 minutes and 20 seconds each on average, a bit slower than the 10-minute goal. When times drift too far off, the next adjustment nudges difficulty up or down to reel block times back toward 10 minutes. Miners Feel The Squeeze Higher difficulty means miners need more energy and better gear just to break even. With Bitcoin’s price under pressure, some older or less efficient operations could face real losses. Reports have disclosed that only the sharpest setups will likely stay in business if this pairing of high difficulty and low prices lasts. Mining firms track their costs closely. If electricity, hardware and maintenance bills outpace what they earn from block rewards, they may have to switch off rigs. The upcoming 3% ease in difficulty might let a few marginal players stick around a bit longer. Still, margins will be thin until the next major price move. Related Reading: No Gold? No Problem: Why XRP Stands Strong On Its Own—Analyst Price Tumbles And Recovers Slightly Based on data, Bitcoin slipped to $113,005—a 3% drop—before finding some buying at lower levels. By early evening, it had rebounded to $113,250. That quick swing highlights how mining and market moves feed off each other. When hopes of easier mining fade, price can wobble. When price dips, miners feel squeezed and may power down, which in turn can lead to easier difficulty again. Featured image from Pexels, chart from TradingView
XRP prices are down by over 5% in the last day amid a broader price correction in the general crypto market. The prominent altcoin now trades around $2.81 with no indication of a potential pause in selling momentum. While this crisis persists, popular X analyst with the username Egrag Crypto has helped identify the currently crucial support and resistance levels for the market bulls. Related Reading: No Gold? No Problem: Why XRP Stands Strong On Its Own—Analyst Hold $2.65 Or Risk Collapse, Break $3.12 And Set For Rally In an X post on August 2, Egrag Crypto shares an interesting technical insight on the XRP market currently undergoing an intense correction wave. According to the renowned analyst, macro analysis indicates the altcoin retains a bullish structure; however, the present price correction can only be terminated via two pathways. Firstly, micro price analysis suggests that XRP must achieve a daily price close above $3.12 to signal a market bottom entry. In doing so, the cryptocurrency reclaims a pivotal resistance level, paving the way for a potential rise to higher levels such as $3.60. On the other hand, the immediate major support level lies around $2.65. Egrag Crypto explains that a continuous price decline to successfully retest this price floor may ignite a rally, pushing XRP to its current all-time high of $3.84. However, any decisive price break below $2.65 could create a rather dire situation, pointing to potential lows around $2.19. Related Reading: Exchanges Receive 21,400 Bitcoin At A Loss From Short-Term Holders – Retail Capitulation? XRP Surge To $17 Remains On The Cards In other news, Egrag Crypto’s analysis also reveals that XRP remains in a macro, long-term cyclical pattern that shows a multi-year bullish cycle, with recurring structural traits. The key elements in this pattern include bullish pennant formation, which suggests a continuation pattern, the 21 EMA (Green dotted line) that historically aligns with significant trend shifts, the Support Arc (Red line), and the Market Cycle Top (blue line). Notably, XRP has since emerged from the bull pennant signaling intentions to maintain its current uptrend. However, the altcoin faces an insurmountable resistance around $3.84, which aligns with an intersection between the mid-cycle top and the 21 EMA line. If XRP can successfully break past this price barrier, investors should anticipate a direct rally to the projected cycle top $17, representing a potential 525% gain on present market prices. At the time of writing, XRP trades at $2.81, reflecting a 5.32% decline in the past day as earlier stated. This recent price fall underscores a turbulent trading period for the altcoin, which lost over 11.38% of its market value in the last week. However, a monthly price gain of 22.18% indicates a significant number of investors remain in profit despite these corrections. Featured image from Pexels, chart from Tradingview
The layers of disappearing stripes were only empty ground where the illusion of Satoshi, the pseudonymous creator of Bitcoin, fading into code stood since late 2024.
SharpLink spent $108.57 million in USDC over 48 hours to acquire 30,755 ETH, raising its total Ether holdings to 480,031 ETH worth $1.65 billion.
XRP is starting August on a shaky note as the price action shows growing signs of weakness on the weekly chart. After holding above the critical $3 level, XRP has now slipped below it, raising concerns of a deeper correction in the coming days or weeks. Weekly Chart Shows Bearish Signs On the weekly timeframe, …
After weeks of consolidation within a tight range, Bitcoin has broken down below the crucial $115K level, reaching a local low around $112,200. This correction has sparked a divide among analysts and investors, with some viewing it as a healthy retracement that could set the stage for a continuation of the broader uptrend. Others, however, warn that this move might signal the beginning of a more extended bearish phase if key support levels fail to hold. Related Reading: Ethereum New Addresses Surge To Nearly 257K In A Day, Matching 2017 And 2021 Bull Markets Adding to the market’s uncertainty, top analyst Darkfost highlighted a significant shift in exchange activity. Data reveals that Bitcoin inflows to Binance have been steadily rising since early July, reversing a prolonged downtrend that had been in place since March. Given Binance’s position as the largest global crypto exchange by volume, this uptick in inflows is a crucial indicator of shifting investor behavior. Whether this trend signals an upcoming wave of selling or simply reflects portfolio rebalancing remains to be seen. The coming days will be pivotal as Bitcoin tests its lower demand zones and market sentiment reacts to this new data. Binance Bitcoin Inflows Signal Shift in Market Mood Darkfost shared critical data showing that Bitcoin inflows to Binance have steadily increased, rising from approximately 5,300 BTC daily in early July to 7,000 BTC today. While this uptick is not abrupt, it marks a significant reversal of a prolonged downtrend that had persisted since March. This change suggests that investor behavior is shifting, potentially signaling adjustments in market strategies as traders and institutions respond to evolving market dynamics. Binance, as the largest cryptocurrency exchange globally by trading volume, serves as a critical barometer for overall market sentiment. With over 250 million users and billions of dollars in daily transactions, fluctuations in Bitcoin inflows on this platform often mirror broader structural moves within the crypto market. Historically, rising inflows have been associated with increased trading activity, whether due to profit-taking, portfolio rebalancing, or anticipation of market volatility. Some analysts interpret this emerging trend of accelerating inflows as an early sign of preparation for heightened market volatility or impending macroeconomic shifts. It could indicate that traders are positioning funds on exchanges to either capitalize on price swings or hedge against potential downside risks. While the magnitude of inflows isn’t alarmingly high yet, the consistency of this rise demands attention. The market is watching closely to see whether this signals a temporary adjustment or the start of a broader trend. With Bitcoin’s price currently testing lower support zones after breaking below $115K, the behavior of these inflows will be pivotal in determining short-term price action. Related Reading: Exchanges Receive 21,400 Bitcoin At A Loss From Short-Term Holders – Retail Capitulation? Key Support At Risk Amid Increased Selling Pressure Bitcoin is trading at $112,477 after breaking down from its two-week consolidation range. The price lost the crucial $115,724 support, which now flips into immediate resistance. This breakdown marks a significant shift in momentum, with BTC testing the 100-day simple moving average (SMA) at $114,944, which failed to hold. The next key support zone lies near the 200-day SMA at $110,348, a level that could become pivotal for bulls attempting to regain control. Volume has surged during this decline, indicating strong selling pressure as BTC approaches the $112,000 level. If the price fails to hold above this zone, a further drop towards the psychological $110K level seems likely, with potential for a deeper correction targeting previous accumulation ranges from early July. Related Reading: Ethereum Taker Sell Volume Hits $335M In Just 2 Minutes: Panic Or Profit-Taking? Despite the bearish short-term outlook, bulls still have a chance to reclaim momentum if they can swiftly push BTC back above $115,724 and establish a consolidation above the 50-day SMA at $117,631. Until then, market sentiment remains cautious as investors watch for signs of demand absorption or further liquidation-driven declines. Featured image from Dall-E, chart from TradingView
The Federal Reserve held rates steady this week, opting to monitor trade data, which has reduced market odds of a September rate cut and weighed heavily on high-beta assets.
Crypto advertising is often characterized by big promises and technological jargon. Yet, Coinbase’s “Everything Is Fine” campaign stands out for its wicked humor, cultural savvy, and unapologetic take on inflation, the housing market, and the general state of the United Kingdom in 2025. Released on Thursday, Coinbase’s dark satire was quickly spotlighted by Ad Age […]
The post Coinbase presents a darkly comic take on the state of the UK with ‘Everything Is Fine’ campaign appeared first on CryptoSlate.
"cETNs" must be listed on FCA-approved UK-based exchanges and adhere to financial promotion and Consumer Duty rules.
Bitcoin and Ether could fall back toward the $100,000 and $3,000 level amid concerns of more tariffs, a sluggish credit market and slowed job creation, Arthur Hayes argues.
The impact of the US tariffs does not appear to have faded completely, as the bulls are not keen on pushing the prices back to their initial positions. The Bitcoin price continues to trade below $114,000, despite a minor recovery that has kept the bullish activity on hold. As the Ethereum price trades below $3500, …
In its Q2 2025 earnings release, DJT said it had acquired $2B billionin bitcoin and related securities, and allocated $300 million to an options-based BTC strategy.
The crypto market saw a dip over the last 24 hours, with the total market cap falling by 1.23% to $3.66 trillion. Bitcoin slipped below the $114,000 level and is currently trading around $113,715. Bitcoin, Ethereum, and several top altcoins had entered overbought zones recently, along with traditional markets like the S&P 500 and Nasdaq. …
Litecoin (LTC) price is showing signs of a steady recovery, trading within a tightening range that suggests growing bullish intent. After reclaiming the $106–$110 zone, price action has turned cautiously optimistic, with a potential breakout above $115–$120 on the horizon. But with August 2025 underway, the bigger question is whether LTC has enough momentum to …
Ethereum is undergoing a notable correction after an explosive rally that saw its price surge over 85% since late June. After reaching a local high near $3,940, ETH has pulled back approximately 13%, sparking debate among analysts about whether this is a healthy consolidation or a shift in market momentum. While some view the retracement as a natural pause after a rapid uptrend, others caution that selling pressure and macroeconomic uncertainty could trigger deeper downside moves. Related Reading: Exchanges Receive 21,400 Bitcoin At A Loss From Short-Term Holders – Retail Capitulation? However, on-chain data from CryptoQuant paints a different picture beneath the surface. Despite the recent price drop, a massive amount of Ethereum has been consistently withdrawn from exchanges over the past few weeks. This trend suggests aggressive accumulation by investors moving their holdings into cold storage, reducing the liquid supply on trading platforms. Such outflows are often interpreted as a bullish signal, indicating that holders are positioning for long-term gains rather than preparing to sell. As Ethereum continues to lead in areas like DeFi, stablecoins, and Real-World Asset (RWA) tokenization, this structural demand could provide a strong foundation for price stability and future rallies. Ethereum Bullish Accumulation Trend Continues Analyst Ali Martinez has revealed that over 1 million Ethereum (ETH) have been withdrawn from exchanges in the past two weeks, signaling a strong accumulation trend among investors. This massive outflow reduces the liquid supply of ETH available for trading, which historically correlates with long-term bullish price action. Despite Ethereum facing a 13% correction from its recent high of $3,940, the consistent withdrawal of coins suggests that investors are positioning for the next leg up. This accumulation trend mirrors the investor behavior seen in Bitcoin over the past year. BTC experienced a similar pattern of exchange outflows throughout 2024, which laid the groundwork for its massive bull cycle. Analysts now believe that Ethereum could follow a comparable trajectory, as the fundamentals supporting ETH remain robust, including its dominance in DeFi, stablecoins, and Real-World Asset (RWA) tokenization. While the market sentiment remains broadly bullish, some risks persist. Recent US job data released on Friday sparked short-term panic, injecting volatility across crypto and traditional markets. However, many analysts view Ethereum’s current correction as a healthy retracement and an opportunity to accumulate ETH at a discount before the market resumes its upward trend. Related Reading: Ethereum New Addresses Surge To Nearly 257K In A Day, Matching 2017 And 2021 Bull Markets ETH Testing Key Support After Sharp Correction Ethereum (ETH) is currently trading around $3,391 after a sharp correction from its recent high of $3,940. The 12-hour chart reveals that ETH has broken below its short-term support and is now testing the 50-day SMA at $3,462, which could act as a near-term support level. If bulls fail to defend this zone, the next critical support is located around $2,852, a key level that previously acted as strong resistance in late June. Volume spikes during the breakdown suggest increased selling pressure, which aligns with recent profit-taking activities by short-term holders. However, despite this drop, Ethereum’s price structure remains in an overall uptrend, with higher highs and higher lows intact on the broader timeframe. Related Reading: Bitcoin Advanced Sentiment Index Reaches Bearish Levels: Futures Traders Show Caution The correction appears to be a retest of previous breakout levels, as ETH had surged over 85% since late June. Maintaining the $3,350-$3,450 range is crucial for bulls to regain control and attempt another move toward the $3,860 resistance zone. Failure to hold could trigger a deeper correction towards the 100-day SMA at $2,972. Featured image from Dall-E, chart from TradingView
Cardano's community-driven funding model sets a precedent for decentralized development, enhancing transparency and ecosystem resilience.
The post Cardano community approves treasury funding to support upgrades across performance, scalability, and UX appeared first on Crypto Briefing.
XRP may be gearing up for a short-term rebound, crypto companies are beginning to return to the United States, and other news.
The crypto market recently underwent a strong bearish threat that plunged the Bitcoin price from the peak of $120K to $113K. As Bitcoin’s dominance declines, several altcoins are showing signs of strength. XRP, Pi Coin, and Shiba Inu are among the top altcoins to watch next week, as they hint at a possible recovery despite …