Sharing his daily technical outlook, CryptoWzrd noted in a recent post that Chainlink (LINK) ended the session bullish, hinting at the possibility of further upside. With LINKBTC rebounding from an extreme oversold zone, LINK could be gearing up for its next move upwards. Bullish Daily Close For Chainlink And LINKBTC CryptoWzrd, expanding on his latest analysis, explained that both Chainlink and LINKBTC closed the day with bullish daily candles, a sign that momentum could be building in favor of buyers. This positive structure on higher time frames indicates that sentiment may be shifting after recent corrective moves. Related Reading: Chainlink Eyes Crucial Resistance After $25 Reclaim – Breakout Or Breakdown Next? According to the analyst, LINKBTC in particular needs to sustain this trend by printing additional bullish daily candles from its current position. Given that it has already bounced from an extreme oversold condition, the probability of follow-through strength remains elevated. A continued push from this zone could lay the foundation for further upside in LINK. With momentum gradually returning, CryptoWzrd suggested that Chainlink has the potential to challenge the $40 resistance in the coming days. On the way up, the analyst highlighted $30 as the next immediate resistance level. Based on current momentum, he believes this zone could be broken without much difficulty, provided bulls maintain their control. Meanwhile, on the downside, he pointed out $20 as the main daily support, a level that would need to hold to protect LINK’s broader bullish outlook. CryptoWzrd went on to note that his attention will remain on lower time frame chart setups tomorrow. By closely tracking intraday formations, he aims to identify quick scalp opportunities, while also keeping the broader daily structure in mind as Chainlink attempts to strengthen its bullish case. Jackson Hole Sparks Heavy Volatility On LINK Charts Giving his final verdict, CryptoWzrd highlighted that the intraday chart displayed extreme volatility, largely influenced by market reactions during the Jackson Hole Symposium. The sudden swings highlighted how sensitive the market has become to macroeconomic cues, leaving traders on high alert for short-term opportunities. According to his analysis, a potential pullback below $26.50 followed by a bullish reversal would provide a strong long setup, with targets extending toward $31 and possibly higher. Related Reading: Chainlink Tipped To Outshine XRP In Global Banking Links: Analyst However, CryptoWzrd cautioned that if Chainlink holds below the $26.50 mark without showing signs of recovery, the market could slip into more sideways volatility. Such conditions often frustrate traders, as momentum fades and clear directional setups become harder to identify. With the weekend approaching, the analyst’s expectations remain balanced and rational, acknowledging that lower liquidity conditions could also impact price movements. Featured image from Getty Images, chart from Tradingview.com
The Ethereum price outlook is heating up as market optimism collides with shifting monetary policy signals. BitMEX co-founder Arthur Hayes has projected that Ethereum could surge to $20,000, citing strengthening market dynamics and favorable macro conditions. The bold forecast comes just as Federal Reserve Chair Jerome Powell adopts a more dovish tone, indicating a possibility of future rate cuts. Ethereum Price Projected To Hit Five Figures Hayes has issued a bold Ethereum price forecast, predicting that the second-largest cryptocurrency could soar as high as $10,000 or even $20,000 before the end of the cycle. In a recent interview, the BitMEX co-founder dismissed the notion that Ethereum would need to retest the $3,000 level before making a move toward new highs, pointing instead to its previous rally above $4,000. Related Reading: Bitcoin’s Next Stop For 2025? $175,000, According To SOL Strategies Boss Notably, Ethereum successfully confirmed support at $4,109 after a sharp surge earlier this month. As a result, crypto analysts like Donald Dean project that ETH could climb to $4,867—or even set a new all-time high near $5,706. As for Hayes, he revealed that he has already re-entered the market, buying back Ethereum after previously taking profits when the asset broke above $4,000. The BitMEX founder emphasized that once Ethereum clears its prior peak, the path upward would resemble “a gap of air,” with limited resistance until significantly higher valuations. This conviction, he argued, is reinforced by the fact that crypto-native firms are actively raising capital to allocate into ETH. According to Hayes, the ability of these firms to secure funding will only increase if Ethereum breaks into uncharted price territory. His projection of a $10,000 to $20,000 price point is also tied to the political and economic backdrop in the US. The BitMEX co-founder suggested that any digital asset supported by US President Donald Trump would likely benefit from massive speculative inflows, thereby boosting the broader market. When asked which cryptocurrency he would primarily invest in between Ethereum and Solana, Hayes responded that both digital assets would appreciate during the bull run. However, he revealed that he was more partial to Ethereum, highlighting that the scale of capital chasing ETH made it a more attractive bet. Powell Speech Signals Softer Fed Policy Shift While speculations about Ethereum’s next price target, US monetary policy appears to be entering a pivotal phase. Recent reports following the Fed Chair’s speech at Jackson Hole indicate that Powell may be hinting at the possibility of a rate cut. During his speech, Powell highlighted the shifting balance of risks, acknowledging that while inflationary pressures persist, the slowdown in employment growth requires careful consideration. He further pointed to the effects of higher tariffs, which are beginning to show up in consumer prices, with core PCE inflation rising to 2.9% in July—a 10% increase from the previous month. Related Reading: Crypto Strategist Sounds The Alarm: Bitcoin Surge Could Clash With Fed Reserve Goals The Fed chair also reiterated that with policy already in restrictive territory, the central bank can “proceed carefully.” Nevertheless, his comments left the door open for an adjustment in stance, with markets widely interpreting them as laying the groundwork for a rate cut at the upcoming FOMC meeting. Featured image from Unsplash, chart from TradingView
The launchpad's first-week revenue quickly established Heaven as a significant competitor to Pump.fun.
Rumors on social media about a World Liberty Financial governance proposal from October 2024 drove the Aave token down by over $30.
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Despite a global investment slowdown, Canadian investors pumped $1.62 billion into fintech companies in the first half of the year — a trend KPMG expects to continue.
The shift comes as Japan also plans to approve the first official yen-denominated stablecoin, JPYC, in the fall.
Bitcoin accounts for an ever-greater share of global money as central banks continue to print currency and reduce purchasing power.
Eric Trump says he’s a “bitcoin maxi” and sees BTC hitting $175K this year, as reports point to new ventures in Japan and Hong Kong.
The price of Bitcoin has struggled to make any real headway since reaching the former all-time high around $123,800 in mid-July. While the premier cryptocurrency set a new record-high price at around $124,120, it never really looked certain to go on a fresh bullish run. Over the past week, the market leader succumbed to severe bearish pressure, falling briefly beneath the $112,000 level on Thursday, August 21. However, the Bitcoin price—and the rest of the market—reacted positively to the speech of the US Federal Reserve (Fed) Chairman Jerome Powell on Friday, August 22. A prominent on-chain analyst on the X platform has identified a price level that could be crucial to Bitcoin resuming its bullish trend. What Does A Return Above $118,000 Mean For BTC? In an August 23 post on social media platform X, crypto analyst Ali Martinez pinpointed $118,000 as the most important level for Bitcoin’s next course of action. According to the online pundit, the price of BTC needs to quickly reclaim this price level in order to return to its bullish tracks. Related Reading: Bitcoin Slides Below $120K as Buyers Retreat, Is the Rally Already Over? This relevant indicator here is the Glassnode MVRV (Market Value to Realized Value) Momentum indicator, which helps in identifying macro market trends. This metric consists of the MVRV ratio and the 70-day simple moving average (SMA). When the MVRV ratio breaks above this 70-day SMA, it indicates a transition into the bull market. Meanwhile, a break below the simple moving average signals a shift to the bearish phase. Typically, strong breaks above the MVRV 70-day moving average imply that large volumes of Bitcoin were purchased below the current price, showing that the holders are now in profit (light area in the highlighted chart). On the other hand, a strong breach below the moving average suggests that large volumes of BTC were acquired above the current price, with the holders in the red (shaded area in the chart below). As observed in the chart above and highlighted by Martinez, the Bitcoin price is witnessing a trend shift at the moment. The crypto analyst then suggested that the 70-day SMA is currently around the $118,000 region, with the MVRV ratio needing to break above the moving average for Bitcoin to return to bullish momentum. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $116,217, reflecting an over 2% increase in the past 24 hours. However, the flagship cryptocurrency is still down by more than 1% on the weekly timeframe. Related Reading: Analyst Puts XRP Cycle Top Above $20, But Says Price Must Hold Last Line Of Defense Featured image from iStock, chart from TradingView
XRP Open interest on the CME Group has reached a new all-time high (ATH), presenting a bullish outlook for the altcoin. This further underscores the massive demand for XRP exposure among institutional investors, which could serve as a catalyst for higher prices. CME XRP Futures Open Interest Hit News ATH In an X post, the CME Group revealed that the XRP futures have hit an all-time high in open interest with over 6,000 contracts on August 18, just before their three-month anniversary. The derivatives platform further remarked that this development is a clear sign of growing conviction in the market. Related Reading: XRP On-Chain Activity Explodes By 500%, What’s Going On? Since launching in May, these CME XRP futures have seen over 251,000 contracts traded, a trading volume of $9.02 billion, and $12 million in their XRP equivalent. In July, these XRP futures set a record of $235 million traded in just one day. These futures products have enjoyed massive demand since they launched, underscoring the huge interest in the altcoin among traditional finance (TradFi) investors. This is bullish for the XRP price, considering that activity in the derivatives market also impacts price action. Meanwhile, Coinglass data also shows that traders are currently betting heavily on XRP in the derivatives market. The altcoin’s trading volume has surged over 142% to $16.46 billion. Open interest has surged 8% to $8 billion. Furthermore, the record highs in the CME XRP futures open interest indicate that the spot XRP ETFs will record massive demand among TradFi investors once they launch. The absence of a spot XRP fund for now has meant that these investors have to invest in the futures products and ETFs to gain exposure to the altcoin. The prospective XRP ETF issuers recently amended the S-1 for their respective funds, which market expert Nate Geraci described as a “very good sign.” The Altcoin Eyes Rebounds As Buyers Step In In an X post, crypto analyst CasiTrades stated that buyers have stepped in and that the next stop for the altcoin is $3.21. The analyst remarked that bullish momentum came across the market just as the XRP price dipped below the consolidation pattern. With this, she indicated that the altcoin is unlikely to retest $2.77 before it continues its uptrend. Related Reading: XRP Price Could Explode To $3.8 Amid Trend Continuation CasiTrades stated that the short-term path points to $3.21 as the next major resistance and not the previous $3.41 resistance target. She declared that the current momentum is very strong and expects only a brief pause at that resistance before the altcoin rallies higher. The analyst noted that the brief pause could lead to a retest of the top of the consolidation near $3.168. At the time of writing, the XRP price is trading at around $3.02, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
If spot prices match the current futures prices, Trump's personal stake in the project would be worth over $6 billion.
Breakout above $3 triggers five-fold volume spike as Fed policy shift and on-chain activity boost institutional flows.
Prominent analytics firm Glassnode has shared new on-chain insights into the Bitcoin market, pointing to the next major support zone amid a euphoric market mood on Friday. The world’s leading cryptocurrency briefly surged to above $117,000 after comments from US Federal Reserve Chairman Jerome Powell signaled a possible shift away from the central bank’s long-standing hawkish stance. Related Reading: When Will Bitcoin Bottom Out? This Could Be The Signal To Watch Bitcoin’s Crucial Defense Level At $104,000–$108,000: Data In an X post on August 22, Glassnode explains that Bitcoin’s UTXO Realized Price Distribution (URPD) suggests the $104,000–$108,000 range has emerged as a critical support zone, backed by significant investor activity. Notably, more than 1.15 million BTC were accumulated within this price band over the past year, creating a dense cluster of realized prices that may act as a strong floor for the market. For context, the URPD model tracks the distribution of Bitcoin’s supply across different price levels, effectively highlighting where coins last changed hands. Heavy accumulation within a narrow range often translates into robust support, as holders who bought at those levels are less likely to sell at a loss. Currently, Bitcoin is trading near $116,000 after a slight retracement following the price rebound on Friday. In the event of a further correction, prices are likely to retest the $104,000–$108,000 range, which currently holds the largest cluster of realized prices below the present spot market price, underscoring the importance of this support zone in the short-term outlook. Related Reading: Crypto Strategist Sounds The Alarm: Bitcoin Surge Could Clash With Fed Reserve Goals Powell’s Policy Shift Drives $300 Million To Bitcoin Futures Market In other developments, CryptoQuant analyst Darkfost reported a sharp surge in Bitcoin derivatives activity after Federal Reserve Chairman Jerome Powell hinted at a potential shift in monetary policy during his speech at the Jackson Hole Economic Symposium in Wyoming. Powell suggested that the Fed may be preparing to adjust its stance, citing the economy’s baseline outlook and evolving risk dynamics. The Fed Chair said: Our policy rate is now 100 basis points closer to neutral than it was a year ago, and the stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our policy stance. Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance. Within 15 minutes of this speech, Darkfost noted that nearly $300 million flowed into Bitcoin futures products, pushing Binance’s BTC Open Interest to about $13.3 billion. The spike reflects investors’ positioning for potential interest rate cuts at the upcoming FOMC meeting in September after Powell’s hint of potential easing of the Fed’s monetary policy. At press time, Bitcoin trades at $115,850, reflecting a price gain of 2.25% in the past 24 hours despite recent gains. Featured image from iStock, chart from Tradingview
AAVE jumped 19% to $355.29, leading the top 40 cyrptocurrencies as investors weighed its Aptos expansion, Powell’s dovish tone and renewed focus on WLFI exposure.
In April 2023, a Bitcoiner going by the name of Breadman purchased a property for $496,000, which was equivalent to 22.5 BTC at the time. Fast forward to August 2025, and the property is now valued at $570,000, a respectable 15% gain in dollar terms. But here’s the kicker: priced in Bitcoin, his home is […]
The post Real estate’s quiet crash: your home is worth less than ever in Bitcoin appeared first on CryptoSlate.
The annual SALT Wyoming conference took place this week. Government officials said a lot the industry will like.
Lombard is attempting to make the world's original cryptocurrency into a more productive asset for DeFi functions
Brazil's 17.5% crypto tax signals a global shift as governments eye digital assets for revenue, ending the era of tax-friendly crypto investing worldwide.
XRP appears ready for a strong upward move. Recent developments, like the coordinated XRP ETF filings, rising approval chances, and the official end of the lawsuit, are fueling bullish speculation. Analysts are closely watching technical signals and suggest that the next move for XRP could be significant. XRP ETF Filings Gain Momentum After the official …
In the daily time frame, the ETC price has added around 14% today as the price has broken out of its downtrend by conquering the critical resistance level at $21. This breakout indicates a short-term positive momentum for Ethereum Classic. Now, traders as well as investors will be looking towards higher levels as technical price …
The world’s largest asset manager, BlackRock, has notably been on a Bitcoin selling spree throughout this week, triggering a wave of sell-offs in the process. These sales have occurred due to the outflows that the asset manager has witnessed from its BTC ETF. BlackRock Dumps Around $500 Million In Bitcoin Arkham data shows that BlackRock has offloaded around $500 million in Bitcoin this week, with transfers to Coinbase, a move that indicates a move to sell these coins. The asset manager has sold these coins following outflows from its iShares Bitcoin ETF, which was the norm throughout this week. Related Reading: BlackRock’s Crypto Holdings Balloon As Bitcoin, Ethereum Reach For New ATHs — Here Are The Numbers SoSo Value data shows that BlackRock’s Bitcoin ETF first recorded a daily net outflow of $68.72 million on August 18. The fund then further saw net outflows of $220 million, $127.49 million, and $198.81 million on August 20, 21, and 22, respectively. Notably, the iShares Bitcoin ETF has accounted for most of the outflows, with the BTC ETFs as a group currently on a six-day streak of consecutive net outflows. These Bitcoin ETFs have seen total net outflows of almost $1.2 billion since August 15. Meanwhile, in just this week alone, over $1.1 billion has left these funds, sparking a bearish sentiment for the BTC price. Given BlackRock’s position as a major player in the Bitcoin ecosystem, outflows from its fund had sparked a wave of sell-offs. This led to a massive decline for the flagship crypto earlier in the week. The Bitcoin price had dropped to as low as $112,000 this week as BlackRock and other BTC investors took profit on their investments. This followed the flagship crypto’s rally to a new all-time high (ATH) of $124,000 last week. However, BTC has now sharply rebounded on the back of Jerome Powell’s Jackson Hole speech, in which he indicated that a rate cut might happen in September. An End To The BTC ETF Outflow Streak Notably, Powell’s speech was enough to spark fresh inflows into the Bitcoin ETFs on August 22, with BlackRock the only fund manager that recorded a net outflow on the day. Further data from SoSo Value shows that Cathie Wood’s Ark Invest recorded a daily inflow of $65.47 million, the most among the issuers on the day. Related Reading: Analyst Warns Investors To Avoid Bitcoin At All Cost As Price Is Going Below $60,000 Meanwhile, Fidelity, Van Eck, Franklin Templeton, Bitwise, and Grayscale recorded inflows of $50.88 million, $26.41 million, $13.51 million, $12.70 million, and $6.42 million, respectively. However, BlackRock recorded an outflow of $198.81 million, which led to a daily net outflow of $23.15 million for the funds as a group. With the Bitcoin price rebounding, these funds, including BlackRock’s IBIT, could return to witnessing significant daily inflows from next week. At the time of writing, the Bitcoin price is trading at around $115,900, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Corporate Bitcoin treasuries nearly doubled in H1 2025, but analysts warn some firms may be using crypto reserves as a short-term PR boost.
It’s been another big week in crypto, with central banks, regulators, and markets all making moves that could shape the months ahead. From record-setting rallies to new laws and fresh government experiments with digital assets, the markets are shifting fast. Missed any or all of it? Here’s your full catch-up. #1 Powell Hints at Rate …
The cryptocurrency market is showing signs of rotation as Bitcoin cools after recent highs, with traders shifting their focus to Ethereum and mid-cap tokens. Analysts note the shift is a familiar pattern in the early stages of altcoin season, often marked by capital rotation from Bitcoin into Ethereum and, eventually, the wider market. Ethereum’s position …
Ethereum-focused SharpLink’s stock climbed more than 15% to trade above $20 after the company’s board approved a $1.5 billion stock repurchase program. In its Aug. 22 press statement, SharpLink explained that the authorization allows for buybacks through multiple channels, including open-market purchases and privately negotiated deals. The company emphasized that the scale of repurchases will […]
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Japan is pushing for sweeping financial reforms as part of its goal to become an “asset management nation.” According to a report from Nikkei, the Financial Services Agency (FSA) is advancing proposals on tax reforms and reclassifying digital assets, potentially paving the way for cryptocurrency exchange-traded funds (ETFs). Japan Aims to Cut Crypto Taxes Japanese …
Recently, the AAVE price has posted an impressive rally this week, flipping the MVRV 30-day positive by surging nearly 30% from $275 to $355 on the daily chart. This move comes as AAVE crypto’s investor confidence grows, driven by fresh integrations with major projects, macroeconomic tailwinds, and strong on-chain fundamentals. Now, as momentum is strengthening, …
Arbitrum (ARB), one of the leading Ethereum Layer-2 scaling solutions, is witnessing a strong price rebound today. Trading around $0.59, ARB has gained nearly 18% in the past 24 hours, supported by rising trading volumes, a surge in on-chain activity, and renewed investor confidence in its ecosystem. With Ethereum showing strength near multi-year highs, the …
Ripple’s XRP is back in the spotlight as new speculation suggests Gemini may soon launch an XRP-linked Mastercard. Hints from Gemini have fueled talk of a possible XRP-branded Mastercard, coming just as the token’s price climbs past $3. With legal clarity, ETF hopes, and now hints of a real payment card, many believe XRP could …