Yesterday, Bitcoin (BTC) once again faced rejection around the $120,000 resistance level after briefly reaching a high of $119,760. At the time of writing, the top cryptocurrency is trading slightly lower at $118,900. However, a sharp increase in whale inflows to Binance threatens to trigger further downside pressure for the digital asset. Binance Whales Ramp Up Bitcoin Deposits According to a recent CryptoQuant Quicktake post by contributor BorisVest, Bitcoin whale activity on Binance has increased significantly in recent days. In particular, the Binance Whale Inflow metric recorded a notable spike on July 25, signalling rising institutional participation in exchange deposits. Related Reading: Bitcoin Flow Pulse Breaks From 2017, 2021 Patterns – What It Means For The Rally On that day alone, the 30-day cumulative inflow to Binance surged by $1.2 billion, fuelling short-term selling pressure across the market. Data from CoinGlass shows that between July 24 and July 25, roughly $141 million worth of BTC long positions were liquidated as a result. It’s worth noting that alongside this spike in whale deposits, retail investors have also been moving their holdings to exchanges. However, their participation remains relatively low in comparison, hinting that recent selling pressure is predominantly whale-driven. The following chart illustrates that while retail inflows have been trending upward for weeks, the sudden increase in whale deposits has introduced additional fragility into Bitcoin’s price structure. The surge in Binance whale inflows came just before Bitcoin was rejected at the critical $120,000 level. Following this rejection, BTC retraced to the $115,000–$116,000 range, which is now acting as short-term support. The analyst noted: This area is now acting as a short-term support zone. If it fails to hold, a move toward the $110K level becomes increasingly likely. On the other hand, if Bitcoin can bounce strongly from this region, there is still potential to retest $121K and even attempt a new all-time high. BorisVest concluded that BTC’s near-term price trajectory will be determined by how well the market absorbs whale sell-off. Meanwhile, fellow crypto analyst Titan of Crypto remarked that if BTC decisively breaks through the $119,900 level, then it could eye new all-time highs (ATH). What Else Does Exchange Data Suggest? Whale inflows aren’t the only factor spooking investors. BTC reserves on centralized exchanges also recently reached a one-month high, suggesting that some holders may be anticipating a temporary pullback or consolidation phase before resuming the uptrend. Related Reading: Bitcoin Must Defend This Key Support For $180,000 Year-End Target, Analyst Says That said, Binance’s share of BTC spot trading volume recently saw a sharp rise, suggesting that a rally may be on the horizon for the world’s leading cryptocurrency. At press time, BTC trades at $118,926, up 0.4% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com
Z.ai’s new open-source models rank third globally, as the firm eyes a Hong Kong IPO and navigates around U.S. export controls.
Interactive Brokers joins a number of traditional finance institutions who are considering entering the stablecoin space, including JPMorgan Chase and Citigroup.
The SEC delayed decisions on the Truth Social Bitcoin ETF and Grayscale’s Solana Trust, extending review periods as the US Congress moves with crypto regulation.
Spot Ethereum (ETH) exchange-traded funds (ETFs) are close to breaking the $10 billion mark in inflows this month, as BlackRock’s ETHA makes its way to the spot of fourth-largest ETF by inflows in the last 30 days. According to Farside Investors’ data, spot Ethereum ETFs accumulated $9.3 billion in inflows as of July 25. This […]
The post BlackRock’s ETHA becomes 4th-largest ETF by 30‑day inflows as Ethereum funds aim for $10B appeared first on CryptoSlate.
ETH treasury buying and consistent spot ETF inflows have not been sufficient enough to send Ether price above $4,000. Is a correction incoming?
The US House of Representatives will be in recess for the month of August, but the Senate still has a week of business to address two crypto bills before breaking.
Data center Hyperscale Data announced that it has begun purchasing XRP as part of a previously stated plan to acquire up to $10 million of the token, with the company’s shares jumping up to 12% amid the announcement. The company stated in a July 28 announcement that the reports will summarize digital asset activity from […]
The post Hyperscale Data begins executing $10M XRP plan, shares jump 12% amid announcement appeared first on CryptoSlate.
Ethereum (ETH) is once again at the center of investor attention, pulling in a staggering $1.59 billion in inflows over the past week. This marks the second-largest weekly inflow in Ethereum’s history, amid growing optimism that U.S. regulators will soon approve a spot Ethereum ETF. Overall, digital asset investment products attracted $1.9 billion, marking 15 consecutive weeks of positive flows. Related Reading: Asia’s Bitcoin Giant Metaplanet Adds 780 BTC In Massive Crypto Bet This surge in capital has pushed Ethereum’s price up 62% this month to $3,900, positioning it just below the critical $4,000 breakout level. Ethereum price trends to the upside on the daily chart, following a multi month downtrend. Source: ETHUSD on Tradingview Meanwhile, Bitcoin ETPs faced $175 million in outflows, signaling a capital rotation from BTC to ETH and other altcoins. Analysts point to the passage of the Genius and Clarity Acts in the U.S. as key drivers of this trend, enhancing regulatory clarity for altcoin investment vehicles. BlackRock and SharpLink Boost Ethereum Exposure Institutional investors are doubling down. BlackRock’s iShares Ethereum ETF (ETHA) surged past $10 billion in AUM, becoming the third-fastest-growing ETF globally, while the firm raised its ETH holdings to $10.47 billion, with 100% of its crypto exposure now allocated to Ethereum. Simultaneously, Nasdaq-listed SharpLink Gaming purchased 77,210 ETH worth approximately $295 million, raising its total ETH treasury to over 438,000 ETH. This single purchase surpassed the network’s entire 30-day ETH issuance, underscoring the aggressive accumulation trend among institutions. Technical Indicators and Risks Remain Ethereum’s rally is further supported by bullish technical signals. A “golden cross” pattern emerged, and the MACD shows strong upward momentum, despite an overbought RSI reading of 82.07, a level often associated with potential price pullbacks. Related Reading: TRON Sees $1B USDT Mint: Liquidity Wave Incoming? Solana and XRP also saw inflows of $311 million and $189 million, respectively, while Litecoin and Bitcoin Cash experienced minor outflows. Meanwhile, Ethereum’s on-chain activity surged 288%, reinforcing confidence in the network’s role as the leading smart contract and DeFi platform. As regulatory momentum builds and ETF approval appears within reach, Ethereum’s dominance in institutional portfolios signals a pivotal moment for altcoin adoption—though short-term volatility remains a factor to watch. Cover image from ChatGPT, ETHUSD chart from Tradingview
Bakkt's public offering could boost institutional Bitcoin adoption, influencing market dynamics and potentially increasing crypto legitimacy.
The post Crypto exchange Bakkt plans public offering to raise funds for Bitcoin purchases appeared first on Crypto Briefing.
The demand for top-tier altcoins – led by Ethereum (ETH), BNB, and Sui (SUI) – as corporates’ treasury management tools has surged in the recent past. Earlier on Monday, July 28, two publicly traded companies announced a strategic fund raise to invest in BNB and SUI coins. Sui as a Treasury Asset Mill City Ventures …
A fast‑moving fight over mining power consumed Monero’s weekend after Sergey Ivancheglo used X to promote an “economic” campaign to dominate the network’s hashrate, which was met by community resistance. The fight escalated after Ivancheglo, the figure behind Qubic and better known as Come‑from‑Beyond (CFB), confirmed the takeover intentions with an incentive-driven 51% attack. As […]
The post Monero community pushes back as Qubic’s 51% hash rate bid falters appeared first on CryptoSlate.
The technology firm sold its loyalty business for $11 million and announced a public share offering to fund bitcoin purchases.
Brian Quintenz, Trump's CFTC nominee, has been delayed twice in the vote at the committee that would send his confirmation to the Senate floor.
The SEC extended review of Grayscales Solana ETF to October 10 as Invesco Galaxy files a competing Solana ETF proposal.
The post SEC delays Grayscale’s Solana ETF as Invesco Galaxy enters with rival filing appeared first on Crypto Briefing.
The XRP price broke out of an almost seven-year downtrend in 2024 and is now trading above $3, sparking renewed optimism across the market. With its steadily growing price, crypto analyst JackTheRippler claims that XRP is unlikely to face any major pullback like in the past, believing that the altcoin has entered a new bullish phase—and the “train has left the station.” XRP Unlikely To Revisit Previous Lows In a bold assertion that challenges typical post-rally pullback expectations, JackTheRippler has doubled down on his earlier outlook for XRP, claiming that a dramatic price retracement is no longer on the table. According to a price chart shared via X social media alongside his analysis, XRP has successfully broken out of a multi-month descending triangle pattern and surged beyond key resistance levels, skyrocketing above $3.6 before consolidating around $3.19. Related Reading: Crypto Analyst Warns XRP Investors Amid Market Retrace The chart reveals that XRP maintained strong horizontal support near the $1.77 region for several months, forming the base of the triangle. Despite multiple attempts to breach this level during its consolidation phase, the token held firm. The recent breakout in late July above $3.6 marked a significant shift in XRP’s structure, invalidating the downward trendline that had capped price action since December 2024. In his post, JackTheRippler emphasized that, unlike in previous cycles, XRP is unlikely to return to earlier lows. The analyst declared that “the train has left the station,” implying that the window to buy at significantly lower levels has decisively closed due to a price floor increase. With XRP now trading above $3.3, the main question is whether this level will establish itself as firm support and potentially propel it to new levels. Based on the cryptocurrency’s current technical setup and JackTheRipple’s confident projection, the path forward for XRP suggests continued upward momentum rather than a reversal. Analyst Unveils XRP Next Bullish Targets A recent chart analysis shared by crypto analyst Dark Defender suggests that XRP’s long-standing cooling period may be finally coming to an end. According to the pattern highlighted on the chart, the cryptocurrency appears to be mirroring its 2017 setup—a formation that led to an explosive breakout. Related Reading: XRP Price Forms Double Top, This Structure Says A Crash Is Coming With XRP now consolidating above $3.3, Dark Defender argues that this phase resembles a stabilization period that preceded the previous bull run, marked by a breakout from a descending wedge and rapid vertical gains. Based on the Elliott Wave Theory, the analyst has set XRP’s next bullish targets for $13.13, $18.22, and $36.76. According to Dark Defender, the cryptocurrency’s price surge observed in June and July confirms its breakout structure, positioning August as a potentially explosive month for the asset. Chart comparisons between the 2017 and 2025 cycles highlight striking similarities, each featuring a sharp rally, a descending consolidation, and a breakout that historically led to parabolic gains. Featured image from Getty Images, chart from Tradingview.com
NBA Top Shot collectibles are now available via Japanese vending machines, expanding their reach into the real world.
Interactive Brokers is considering launching a stablecoin for customers, a move that would add one of the world’s largest discount brokerages to the list of firms using crypto, Reuters reported on July 28. Founder Thomas Peterffy said in an interview with the newswire that the company is “working on potentially issuing stablecoins.” However, a final […]
The post Interactive Brokers weighs launching customer stablecoin to power 24/7 funding appeared first on CryptoSlate.
PayPal is rolling out a new crypto payment tool that will allow US merchants to receive payments with more than 100 cryptocurrencies.
Bitcoin (BTC) rebounded from a local low near $114,800, closing last week about 2.1% higher at $119,580 and turning the range floor into tentative support, according to Bitfinex Alpha’s July 28 report. The recovery has stabilized spot prices, but derivatives data suggest a more fragile backdrop as leverage rebuilds across major and altcoins. Leverage runs […]
The post Bitcoin steadies near $114,800 but fragility risk rises as leverage climbs appeared first on CryptoSlate.
SOL looks poised for a longer-term rally toward $260, but a few key changes need to happen first.
A tentative calm settled over global markets on Monday as Washington and Beijing agreed to push their tariff truce out by another 90 days. The news was a welcome relief, at least in the crypto front, as Bitcoin traders set their sights on the next target: $120,000 Related Reading: Bitcoin’s New Clock: How Wall Street Killed The Old Cycle, According To Expert Talks resume in Stockholm, with both sides saying they won’t slap on new duties during that window. It’s a relief for companies reeling from duties on more than $700 billion in goods since 2018. Third Round Talks Underway According to reports, negotiators will build on meetings in Geneva and London. They plan to tackle old fights over tech rules, digital services and forced transfers of know‑how. Business leaders have already paused major moves, waiting to see if the break holds. A fresh round of face‑to‑face diplomacy seems meant to avoid sudden shocks to farms, factories and supply chains. Early signals from Beijing suggest a willingness to talk, even as economic growth slows at home. In the last trade round, tariffs jumped to highs of 25% on key items like semiconductors and soybeans. Now both sides seem to be testing whether a temporary stop can become a stepping stone to deeper fixes. China Raises Fentanyl Tariff Issue A new wrinkle in the discussions involves fentanyl‑related chemicals. Based on reports, China wants US President Donald Trump’s administration to lift duties on certain precursors used in opioid production. Beijing argues that those taxes are making it harder to track illegal shipments, even as overdose deaths surge in the US. American officials have blamed Chinese suppliers for feeding a crisis that kills tens of thousands each year. In retaliation, Washington hit chemical imports with extra levies. Now China is pushing for a shift toward sharing lab data and law‑enforcement tips instead of sticking with punitive charges. Washington faces a tricky choice. Domestic pressure is intense, with voters demanding tough action on both drugs and trade ahead of a high‑stakes election. Bitcoin Up As Businesses And Markets On Edge Markets reacted quietly at first. Stocks held near flat lines, while traders eyed the pause as a temporary balm. Cryptocurrencies, however, showed more drama. Bitcoin jumped to $119,380—up 2% over 24 hours—even though daily volumes fell by 8.7% to $50 billion. Related Reading: Asia’s Bitcoin Giant Metaplanet Adds 780 BTC In Massive Crypto Bet At current levels, Bitcoin sits just 2.88% below its July 13 peak of $123,102. Network data also hit a record hashrate of 932 EH/s, with difficulty at 127.62 trillion. Analysts caution against reading too much into a single headline. Low volume can fuel sharp swings, and crypto markets often move on a mix of factors from ETF flows to miner activity. Featured image from Getty Images, chart from TradingView
Democrats continue to object as this week promises more developments in the White House's strategy to get digital assets involved in U.S. economic mainstays.
Solana (SOL) price has entered a crucial sell wall between $170 and $203, which has resulted in multi-weeks of choppy markets since March 2024. The large-cap altcoin, with a fully diluted valuation of over $112 billion, has attempted to regain bullish momentum to mirror Ethereum (ETH) and Binance Coin (BNB). Furthermore, the wider altcoin market …
The surge in interest in the series was likely caused by GameSquare issuing $5.15 million in preferred shares to purchase Punk #5577.
Data shows Bitcoin is preparing for a sharp breakout from its range-bound action in the next few days.
Grayscales Decentralized AI Fund offers accredited investors exposure to TAO, NEAR, and more, targeting the AI and crypto intersection.
The post Grayscale launches decentralized AI fund including TAO, NEAR, and Render appeared first on Crypto Briefing.
Mill City Ventures' stock is up over 270% since last week.
Tron Inc. has filed to raise up to $1 billion as part of an ambitious push to grow its TRX token reserves, capitalizing on a dramatic surge in its stock following a recent merger. The company, formerly known as SRM Entertainment, disclosed the fundraising plans in a Form S-3 registration statement with the U.S. Securities […]
The post Tron Inc aims for $1B raise to bolster TRX reserves after merger boost appeared first on CryptoSlate.
Dubai now enables crypto property deals under clear VARA rules, with major developers like Damac and Emaar accepting BTC, ETH and stablecoins.