Cardano (ADA) continues to hold firm at the $0.85 support level, despite recent volatility and mixed technical signals. Related Reading: XRP Whales Unload Massive Bags: Distribution Or Trap? The altcoin has been consolidating within a tight range, with traders closely watching the $0.95 resistance zone. A breakout above this level could pave the way for ADA to retest $1, while failure to maintain support risks a deeper pullback toward $0.80. Over the past week, ADA’s price has hovered between $0.82 and $0.87, reflecting cautious market sentiment. ADA's price trends to the upside on the daily chart. Source: ADAUSD on Tradingview Technical indicators remain split: the RSI sits at a neutral 52, leaving room for upward momentum, but the MACD shows bearish divergence, hinting at potential weakness. Analysts believe the next few trading sessions will determine whether ADA breaks higher or faces renewed selling pressure. Analysts Split on ADA Price Outlook Market experts are offering conflicting outlooks on ADA’s near-term trajectory. Some forecasts a short-term move toward $0.95, while others projects a more ambitious rally to $1.05–$1.10 by the end of August, provided volume increases. On the other hand, bearish predictions warn of a potential slide to $0.50 if Cardano fails to defend its key support levels. Institutional interest also remains a factor. The U.S. Securities and Exchange Commission (SEC) recently postponed its decision on Grayscale’s Cardano ETF until October 26, adding regulatory uncertainty. Analysts argue that while an ETF approval could fuel institutional inflows, delays may weigh on investor confidence in the short term. Could a September Rate Cut Ignite a Cardano Rally Toward $3? Macroeconomic catalysts could play a decisive role in ADA’s next move. Speculation is mounting that the U.S. Federal Reserve will cut interest rates in September. Historically, rate cuts have provided a boost to risk assets, including cryptocurrencies. Market reports suggest a potential Fed rate cut could help ADA reclaim the $1 mark and even fuel a rally toward $3, echoing its explosive 2020 run. With Cardano already up 4% in August, a favorable macro shift may accelerate bullish momentum. Related Reading: XRP’s Biggest Doubter Just Dropped Close To $5 Price Bomb — Here’s Why If bulls defend the $0.85 support and break past $0.95 resistance, the path toward $1 and beyond could open. However, a failure to hold support risks a drop below $0.80, leaving traders on edge as September’s rate decision approaches. Cover image from ChatGPT, ADAUSD chart from Tradingview
Nvidia beat Wall Street forecasts for Q2 and issued strong guidance, but the absence of China chip sales have weighed on investor sentiment.
Standard Chartered’s digital assets research chief says Ethereum still has room to rise, even after recent swings in price. According to Geoffrey Kendrick, growing institutional demand and shrinking exchange liquidity are tightening supply and could push Ether higher toward his year-end target of $7,500. Related Reading: XRP’s Biggest Doubter Just Dropped Close To $5 Price Bomb — Here’s Why Institutional Demand Up Reports have disclosed that corporate digital asset treasury firms have bought about 2.5% of circulating ETH since June. Spot ETH exchange-traded funds added close to 5% over the same period. Based on those figures, roughly 7.5% of supply has been drawn into corporate treasuries and ETFs since June, a large shift in a relatively short time. Kendrick expects these firms could eventually hold up to 10% of all circulating Ether, a projection that underpins his bullish view. Exchange Outflows And Price Moves Exchange-balance trackers show a substantial movement of coins off trading platforms. In a single day, over 74,000 ETH — roughly $340 million at recent prices — was withdrawn from exchanges, led by Binance. Such outflows are often read as a sign of reduced near-term selling pressure. Ethereum did slip about 5% on Tuesday before bouncing back. According to CoinMarketCap, it trades near $4,618, marking a 4.6% gain in the last 24 hours and a weekly rise of 10%. Resistance Levels To Watch Traders are watching short-term barriers around $4,600. A clear move above that level could open $4,700, with $4,800 the next checkpoint before the prior high. The asset briefly hit an all-time high of $4,950 on August 24. Kendrick’s forecast of $7,500 by year-end implies a roughly 60% climb from current prices, a scenario that would require continued strong flows and calm macro conditions. Corporate Moves Versus Market Supply Reports point to firms such as SharpLink Gaming and Bitmine Immersion being valued in relation to their ETH exposure. Kendrick compared these companies to Strategy’s approach with Bitcoin, arguing some are priced below what he considers fair value. SharpLink has announced a share repurchase program that would trigger if its metric net asset value falls below 1.0, a move that could set a price floor for the stock. Related Reading: Dogecoin Gears Up For Triple Surge Vs. Bitcoin – Details That corporate behavior, while supportive for those equities, is not identical to permanent removal of ETH from circulation the way staking or ETF custody can be. The bullish picture rests on a few big assumptions. Macro shocks, quick shifts in investor sentiment, or regulatory moves could reverse flows fast. Crowded positions can be created when many buyers chase the same theme, and those positions can amplify volatility if sentiment changes. Featured image from Unsplash, chart from TradingView
Dollar dominance thanks to stablecoins is pushing China to explore stablecoins, but capital controls limit the project to Hong Kong’s offshore renminbi market, where liquidity is thin.
Kanye West’s YZY token launch has left 105 traders with significant losses between $100,000 and $1 million each, totaling $26 million in combined losses at an average of $250,000 per wallet. According to data shared by Bubblemaps analysis published on Aug. 27, 70,201 traders interacted with the token, resulting in 51,862 tanking losses. West’s controversial […]
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Solana (SOL) is once again testing a critical barrier at $205 after surging nearly 8% in the past 24 hours to $203.5. The move has triggered a renewed optimism among traders who see the ascending triangle pattern forming on the charts as a potential launchpad for a breakout toward $255. Related Reading: Analyst Says XRP Price Is Set To Hit $4 If It Breaks This Resistance Line According to analyst Lark Davis, Solana has been rejected three times at the $205 mark, but higher lows and sustained buying pressure suggest that momentum is building. “If volume continues to rise into this test, the setup points clearly to $255 as the next target,” Davis explained. Trading activity supports that outlook, with more than $9 billion in daily volume underscoring strong market participation. Technical Indicators Signal Solana Stability Market data shows Solana is not yet in overbought territory, with its Relative Strength Index (RSI) sitting at 55.63. This gives the cryptocurrency room to climb further without triggering immediate selling pressure. The MACD indicator has also confirmed a bullish crossover, aligning with the positive momentum. On-chain signals strengthen the case for upside. Solana’s trading volume is steadily increasing, while its clean rebounds from the ascending trendline highlight active buying on every dip. Market analyst Alex Clay further pointed out a completed W-bottom pattern on the SOL/BTC chart, suggesting Solana may outperform Bitcoin in the short term, just as Ethereum recently did. Outlook: Path Toward $255 Breakout For traders, the $205 level has become the decisive battleground. A confirmed breakout above it, supported by strong volume and sentiment, could propel Solana to the $255 technical target. SOL's price trends to the upside on the daily chart. Source: SOLUSD on Tradingview The broader crypto market backdrop also favors SOL, with Ethereum’s rally drawing attention to high-potential altcoins. Analysts caution that failure to hold above $205 could delay the move higher, leaving Solana stuck in its current consolidation zone. With institutional interest in Solana growing and network activity reaching record levels, the token remains one of the most closely watched assets in the market. Related Reading: Bitcoin MVRV Compression Signals Pause – Market Digests Recent Volatility For now, all eyes remain on $205, the resistance level that could define Solana’s next major leg upward. Cover image from ChatGPT, SOLUSD chart from Tradingview
Research tracking 25,000 people reveals that repeated exposure to extreme heat accelerates biological aging, with manual workers facing triple the impact.
The company has posted $46.7 billion in revenue for the quarter, despite restrictive export controls from the US-China trade war.
KindlyMD, a Nasdaq-traded health-care firm that recently merged with bitcoin treasury company Nakamoto, said it plans to raise as much as $5 billion in equity to expand its Bitcoin (BTC) reserves. The company filed a shelf registration with the Securities and Exchange Commission for an at-the-market stock program, allowing it to issue shares gradually at […]
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Circle is embedding USDC into global payment networks as part of a broader push spanning Africa, Asia, Europe and the Middle East.
Ethereum (ETH) staking levels continue to break records, with the latest snapshot of the blockchain showing nearly 36.1 million ETH staked on the network – the highest level in history. Ethereum Staking Hits New ATH, Will Price Follow? According to a CryptoQuant Quicktake post by contributor XWIN Research Japan, close to one-third of Ethereum’s circulating supply is now staked. This high proportion suggests that ETH may be on the verge of a structural supply shock. Related Reading: Ethereum Average Daily Outflow Hits 40,000 ETH Amid Rising Buying Pressure – Details The following chart shared by the analyst shows that even during sharp corrections in 2022 and 2023, staking levels continued to climb. Unlike speculative flows, which often exit the market during downturns, staking activity has proven “sticky” – with investors choosing to lock ETH into the network rather than liquidate. Staking ETH carries several key implications. First, it compresses supply – as more ETH is staked, less liquid supply remains on exchanges, creating a natural “supply shock” that amplifies demand-driven price moves. Similarly, it shows the priorities of investors. By staking ETH, investors essentially work as long-term participants. In this way, they align their incentives with network security and yield instead of short-term trading. ETH’s recent rally to $4,500 also coincided with record staking levels, creating a feedback loop – higher prices attracted institutional inflows from custodians, exchange-traded funds (ETG), and whales, while reduced liquid supply added further upward pressure. ETH’s Transition Into An Institutional Asset ETH ETFs now hold more than $300 billion in reserves, while asset managers such as BlackRock are actively accumulating. This underscores Ethereum’s transition from a speculative asset to a yield-bearing, institutionally supported infrastructure layer. Related Reading: Can Ethereum Really Hit $20,000 This Cycle? Analyst Maps The Path U.S.-based spot ETH ETFs also enjoyed a long streak of positive inflows, lasting from the week ending May 16 through the week ending August 15. Commenting on this shift, XWIN Research Japan noted: Ethereum’s all-time-high staking levels reveal its underlying strength: while Bitcoin faces selling dominance in taker metrics, ETH is experiencing structural supply reduction. This divergence highlights Ethereum’s growing role not just as a crypto asset, but as the backbone of tokenization, DeFi, and RWA adoption. Similar sentiments were recently echoed by Tom Lee, the co-founder of Fundstrat Global Advisors. Lee noted that ETH is getting closer to becoming the backbone of global markets. That said, some risks remain. For instance, ETH price is still lagging despite ATH in daily network transactions. At the time, the analyst said that ETH was likely still in the accumulation phase. Similarly, the recent price pullback in ETH after creating a new ATH over $4,900 shows how recurring liquidation cycles are shaping ETH’s price action every week. At press time, ETH trades at $4,606, up 2.5% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Google Cloud’s Web3 head used a LinkedIn post to brand the company's upcoming Universal Ledger as a neutral blockchain for financial institutions.
Cronos is surging in price, hitting a three-year high after President Trump's media company said it would build a CRO treasury.
Bitcoin (BTC) trades in a precarious position near $112,000, caught between key technical levels that could determine its next major directional move following a pullback from the $124,000 all-time high reached two weeks ago. According to an Aug. 27 report by Glassnode, BTC faces immediate resistance at $113,700, which aligns with the three-month cost basis […]
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Online gamblers are betting Bitcoin will dip below $100,000 while analysts try to understand how it could happen.
Union Square Ventures led the $15-million seed round in The Clearing Company, which will compete with Polymarket and Kalshi.
A plan to halve Tron’s energy costs is winning strong support ahead of Friday’s deadline, with backers betting lower fees will expand adoption.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Solana’s price action is showing fresh signs of strength as bulls reclaim key technical levels. With momentum building around critical support and resistance zones, traders appear to be positioning for the next leg higher. The chart setup suggests renewed upside potential, but overbought signals hint that caution may still be warranted. Solana Breaks Above 200 SMA, Extending Bullish Momentum Gemxbt, a crypto analyst on X, recently highlighted Solana’s strong bullish trend as the asset pushed above the 200-day Simple Moving Average (SMA). This key technical breakout signals renewed strength in SOL’s price action, placing the cryptocurrency in a favorable position to extend its upward momentum. The break above this long-term indicator often attracts bullish sentiment, as it suggests the broader trend is shifting toward recovery and growth. Related Reading: Analyst Says Solana Price Is At The Gates Of Massive Breakout, Here’s The Target According to Gemxbt, Solana’s chart is now showing clear technical levels to watch, with immediate support around $195 and resistance forming at the $210 mark. These zones are crucial for traders, as they define the short-term battleground between buyers and sellers. A sustained hold above $195 would reinforce the bullish structure, while a decisive break above $210 could open the door for further gains. The analyst also pointed out that momentum indicators are aligning with the bullish case. SOL’s MACD has confirmed a bullish crossover, strengthening the outlook for continued upside. At the same time, the Relative Strength Index (RSI) is approaching overbought levels, hinting that the market may be due for a temporary cooldown or pullback before the next move higher. Gemxbt further noted that trading volume has been rising alongside price action, a sign that market participants are actively positioning around Solana. This uptick in volume supports the bullish trend, as it reflects genuine buying interest rather than a weak rally. Pulls Back To Key Zone: Fresh Buying Opportunity Emerges According to CryptoPulse in a recent update, Solana has retraced back to the top of a key zone, creating what the analyst views as a fresh buying opportunity. This pullback brought SOL under the $200 level, an area highlighted as strong value for traders positioning ahead of the next potential move upward. Related Reading: Solana (SOL) Falls Below Support, Will Bears Extend the Decline? CryptoPulse explained that this zone acts as a favorable entry point, offering a chance to average into positions before renewed momentum takes hold. By accumulating gradually at these levels, traders can mitigate risk while still being exposed to the upside potential when Solana regains strength. The update further emphasized that patience will be important, as market momentum is expected to kick back in once SOL stabilizes above this zone. With the broader trend leaning bullish, CryptoPulse suggests that buyers positioning now may be well-placed for the next leg higher in Solana’s rally. Featured image from Adobe Stock, chart from Tradingview.com
BNB Chain reportedly offers between 1.5% and 3% yield for staking its native token BNB, which may sweeten the pot for investors.
Nvidia posted $46.7B revenue and $1.05 EPS in Q2, but shares dropped 4% after hours as Bitcoin stayed flat near $112K.
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The sanctions implicate entities first targeted by the Biden administration for their role in stealing crypto from American companies via elaborate scams.
Bitcoin and other cryptos showed some volatility, but were mostly flat in the minutes following the report.
Digital bank VersaBank unveiled plans to expands its blockchain-based Digital Deposit Receipts to the U.S. with regulatory oversight in focus.
XRP has been holding steady in recent days, even as Bitcoin dropped to $110,500 and has struggled to reclaim $112,700 in the past 24 hours. Unlike Bitcoin, XRP has avoided printing a new low and instead bounced around $2.90 to $2.91. According to crypto analyst Captain Redbeard, XRP’s price action is now breaking out of a massive multi-year triangle pattern, and it could be gearing up for another parabolic leg. XRP Breaks Out Of Multi-Year Triangle According to Captain Redbeard’s analysis, which was first posted on the social media platform X, XRP has completed a breakout from a triangle formation. This breakout is very notable, considering it’s a move above a multi-year consolidation structure that has been developing since the last bull cycle. Related Reading: Crypto Analyst Says XRP Bull Run Hasn’t Begun, Sets Course For $37 As noted by Redbeard, “history doesn’t repeat, but it sure does rhyme.” Speaking of history, this exact setup appeared during 2017 before XRP surged to its previous all-time high of $3.4 in 2018. The breakout from such a long-term compression is particularly significant because it suggests that years of sideways movement have now built up enough energy for a strong directional move. The 2-week candlestick price chart he shared shows XRP’s breakout of the triangle in early 2025. However, XRP’s price action in the past few months has seen the crypto consolidating with a parallel channel just above the 1.0 Fib extension level, just like it did in the middle of 2017 after a similar breakout. However, the consolidation pattern is now coming to a close, and if history repeats itself, XRP could be on track for a similar breakout. In terms of a price target, the analyst’s chart projected a run to as high as $27. Golden Retrace Support At $2.90 Captain Redbeard’s analysis captures the macro breakout, and the price target could take years to manifest. However, a shorter analysis of the 4-hour candlestick timeframe shows that XRP must hold firm above $2.90. Related Reading: Analyst Says XRP Is Going To At Least $5 This Year, Here’s When To Buy This context is based on an analysis by crypto analyst CasiTrades. Unlike Bitcoin, which recently dropped to $110,000 and is struggling to reclaim a 0.236 fib retrace at $112,700, XRP has shown greater resilience. The token has held firm around $2.90 to $2.91, which corresponds to the golden retracement level at 0.618 Fibonacci. In Elliott Wave theory, this is the area where a corrective Wave 2 typically finds support before a much stronger upward Wave 3 begins. CasiTrades identified $3.12 as the immediate confirmation point to watch. A clean break above this level would validate the bullish structure and set XRP on course for higher Fibonacci extensions. The projections highlight $4.48 as the next significant resistance zone and $5.40 as the ultimate Wave 3 price target. At the time of writing, XRP is trading at $3.02, up by 3.4% in the past 24 hours. Featured image from Pexels, chart from Tradingview.com
Institutional investors increased their Ethereum (ETH) exposure via exchange-traded funds (ETFs) by 388,301 ETH in the second quarter, with investment advisors commanding the largest share of adoption across traditional finance sectors. According to data shared by Bloomberg ETF analyst James Seyffart, investment advisor firms control $1.35 billion in Ethereum ETF exposure, representing 539,757 ETH and […]
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The software targets market abuse such as insider trading and manipulation across equity and crypto markets.
Fundstrat co-founder Tom Lee laid out a forceful, policy-driven Ethereum bull thesis in an interview on August 26, arguing that a US regulatory pivot, Wall Street’s move to on-chain infrastructure, and institutional demand routed through public “crypto treasuries” set the stage for a sharp fourth-quarter repricing. “In the near term, you know, $5,500 should be happening in the next couple of weeks,” Lee said, adding that by year end ETH “should be closer to $10,000 to $12,000,” with the bulk of crypto’s yearly gains typically arriving in Q4. Ethereum’s ‘1971 Moment’ The brain behind BitMine’s ETH treasury strategy frames 2025 as a structural break comparable to the US dollar’s 1971 break from gold. In his view, Washington’s posture has shifted from seeing crypto as a threat to positioning it as an instrument of financial leadership. “In the last 12 months, there’s been a sea change, partly because of the election, where crypto is no longer considered an enemy… but really part of how the US financial system will get leadership,” Lee said. He pointed to stablecoins—“the breakout product, you know, the chat-GPT moment”—the proposed GENIUS Act and what he called the SEC’s “Project Crypto,” contending these signals show regulators want “Wall Street to use the blockchain to actually make America more innovative and actually spread America’s financial influence around the world.” Related Reading: Ethereum Is Positioned As The Backbone Of AI-Powered Finance, Here’s Why From there, Lee’s thesis centers on Ethereum as the default institutional settlement layer. “Wall Street doesn’t want the fastest chain… They want a reliable chain that they can build upon. Ethereum has had zero downtime in its entire history. So to me, it’s the natural selection.” Calling Ethereum a “fat protocol,” he argued that value accrues at the base layer as tokenization and payment rails migrate on-chain. Citing work “from Mosaics and from Fundstrat,” Lee said that, if the network captures major payment and banking flows, “you get to a network value of $60,000 value per ETH” over a 10- to 15-year horizon. BitMine’s Strategy A substantial part of the conversation focused on the public-equity vehicle he chairs, Bitmine, which he described as an actively managed Ethereum treasury. Lee contrasted holding spot ETH with owning a company that uses capital markets to expand ETH per share. “When Bitmine started… there was only $4 worth of Ethereum held per share,” he said of a July 8 baseline. “As of August 24, we now have $39.84 worth of Ethereum held per share… So the reason we had a 10x in your holdings is because Bitmine is actively managing to grow your Ethereum held per share by using capital markets and attracting the interest of institutional investors.” He argued that this approach can be “anti-dilutive” when executed at an equity premium to net asset value: “If your ETH per share is going up, none of the capital markets is dilution.” Lee added that Bitmine has “a billion-dollar stock repurchase program in place because if the stock becomes too cheap relative to its ETH holdings, it would make more sense to actually buy back stock.” Related Reading: Ethereum Longs at Risk? Analyst Warns of Recurring Weekly Liquidation Pattern On strategy, Lee outlined an ambition to control roughly 5% of staked ETH, claiming a “power law” effect as network importance scales. “If you’re a staking entity that owns 5 percent, then you have a positive influence on future upgrades… [and] one of the most important vectors for when Wall Street wants to build on Ethereum,” he said. With Ethereum’s proof-of-stake mechanics, he asserted that current holdings could generate substantial income: “With the $9 billion worth of ETH held today, that’s about almost $300 million of net income.” Tom Lee’s Macro View Institutional demand, Lee maintained, is finally rotating toward ETH via regulated wrappers and equities, even as many large allocators still underweight it. “Ethereum is still generally not liked by institutions because most have bet on Bitcoin… that’s why Ethereum is probably falling into… the most hated rally,” he said, noting that year-to-date ETH gains of 35 percent have outpaced Bitcoin’s 17 percent.” Lee’s macro overlay extends beyond crypto. He reiterated a constructive equity view contingent on Federal Reserve easing and a cyclical upturn. “If the Fed follows through and begins to cut… and then we get a drop in mortgage rates and the ISM turning up and therefore financials really begin to participate, I think that’s why we get to 6,800 or so on the S&P,” he said. While acknowledging that “September is the month everyone’s going to be worried about,” he characterized any pullback as buyable: “Since 2022… that has always been a dip buying opportunity.” At press time, ETH traded at $4,614. Featured image created with DALL.E, chart from TradingView.com
Circle and financial software giant Finastra announced Wednesday a partnership to integrate USDC stablecoin settlement into the backbone of global banking infrastructure, a move aimed at modernizing cross-border payments long plagued by high costs and delays. The collaboration will connect Finastra’s Global PAYplus (GPP) platform, which processes more than $5 trillion in daily cross-border transactions, […]
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$5 billion in ETH options expire on Friday, possibly opening the door for bulls to push through the $5,000 barrier.