In Brief Bitcoin saw a sharp drop, hitting below $60,000, following the US July CPI data release on Wednesday. A recent report by Token Terminal analyzed the possibility of BlackRock launching its own blockchain. This week, Binance announced the delisting of six altcoins, causing significant dips in affected tokens. This week, Bitcoin and…
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In Brief BNB trades in an ascending triangle since August 6, rebounding 16% from a $463.97 low. Break above $524 resistance could trigger a rally to $561; failure may lead to a drop toward $476. Technical indicators like Parabolic SAR and MACD confirm bullish momentum as buyers push for a breakout. Binance Coin (BNB) has…
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In Brief Crypto whales bought Litecoin, Polygon, and Avalanche in the second week of August. Litecoin price saw an 8.82% rise in the last seven days as whales increased holdings. MATIC and AVAX prices remained subdued with future gains tied to upcoming events Despite a relatively choppy market, crypto whales still splashed their cash on…
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In Brief Trump and Musk’s Twitter Spaces talk avoided crypto, disappointing many expecting mentions of Bitcoin or Tesla. MAGA-themed meme coins dropped sharply, with values falling by 15.58% and 27.35% after the talk. Trump’s strategic crypto engagement continues despite avoiding the topic in broad public forums. During a highly anticipated Twitter Spaces conversation on…
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In Brief Bitget Wallet doubles to 30 million users, driven by on-chain trading and DeFi ecosystem growth in 2024. The BWB token and UI/UX innovations also fuel significant user engagement across global markets. This growth aligns with the broader Web3 trend of increasing daily unique active wallets in Q2 2024. Bitget Wallet has achieved a remarkable…
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In Brief The total crypto market cap prevented a drop below $2.00 trillion over the last 24 hours. Bitcoin’s price noted minimal changes over the past day, trading under the $60,000 mark. 1000SATS price witnessed a massive run-up of 25%, reentering previously tested consolidation. The total crypto market cap (TOTAL) is attempting to recover and…
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In Brief Aptos, The Sandbox and Arbitrum have token unlocks scheduled for next week. The total value of tokens unlocked next week exceeds $230 million. Token prices may experience significant fluctuations around large unlock dates. Token unlock involves releasing tokens that were previously blocked under fundraising terms. Projects carefully schedule these releases to avoid…
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In Brief Alexey Pertsev, a developer of Tornado Cash, is actively raising funds to support his legal defense Pertsev is seeking to raise between $750,000 and $1 million for his defense in the Netherlands. Pertsev’s case has sparked broader concerns about the criminalization of open-source development. Alexey Pertsev, a developer of Tornado Cash, is…
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In Brief Although Bitcoin has shed some losses, distribution from holders signals that the coin’s troubles are far from over. Spot Bitcoin ETFs recorded persistent outflows last Friday, giving further credence to the sentiment. BTC price is closing in on the supply zone around $62,477, suggesting that it may retrace to $60,499. Bitcoin (BTC) holders…
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In Brief Ondo’s price significantly recovered, and appears to be driven by substantial accumulation from Blackrock. The project also experienced strong user engagement, suggesting a further spike in the native token’s value. Analysis shows that ONDO could reach $0.87, which is situated at the 38.2% Fibonacci level. If sustained, it may retest $1.10. Ondo’s (ONDO)…
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