In Brief The total crypto market cap rose by $104 billion, securing $3.31 trillion as support, targeting the next resistance at $3.43 trillion. Bitcoin bounced back to $108,653, aiming to secure $108,000 as support, with $109,476 being the next resistance for further upward movement. BONK surged 21%, hitting a 3-week high at $0.00001669, with $0.00001618…
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In Brief The SEC approved Grayscale’s new five-asset basket ETF but delayed its launch indefinitely with a stay order. Experts speculate the SEC may want to resolve regulatory issues surrounding altcoin jurisdiction before launch. The delay is not a rejection but a temporary setback, leaving the crypto community in anticipation for clarification. Despite approving Grayscale’s…
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In Brief XRP Whales have accumulated over 610 million XRP worth $1.33 billion, signaling confidence in the asset’s long-term potential despite volatility. Market Sentiment remains uncertain due to delays in the XRP ETF launch and mixed investor reactions to macroeconomic factors. Price Outlook for July remains bleak as XRP struggles to break resistance at $2.23,…
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In Brief PI’s recent breakout to $0.66 quickly retraced, signaling a dead cat bounce amid a prolonged downtrend. Negative Balance of Power and MACD indicators show sustained sell-side pressure, weakening investor confidence. PI could test its all-time low of $0.40 unless buying activity increases and reverses the bearish trend. Last week, the PI token attempted…
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In Brief Pudgy Penguins (PENGU) surged 70% in the past week, driven by rising demand for its NFTs, potentially pushing the price to $0.017. BULLA, a meme coin, soared 178%, supported by strong bullish momentum, with the potential to reach its all-time high of $0.128. Jupiter (JUP) rose 29%, fueled by increasing institutional demand. If…
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In Brief Ethereum has weathered $2.5 billion worth of whale selling, maintaining price stability through strong support from investors who bought between $2,344 and $2,421. Despite facing bearish pressure, Ethereum’s price is consolidating near the $2,424 level, setting up a potential breakout if it can flip the $2,476 resistance into support. The demand zone formed…
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In Brief HBAR faces a critical resistance at $0.154, with a breakout above it potentially triggering the liquidation of $38 million in short positions, fueling upward momentum. Traders remain bullish, with positive funding rates indicating confidence in a potential price recovery, but failure to break resistance could lead to further declines. If HBAR holds $0.154…
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In Brief PENGU has surged 34% in the last 24 hours, driven by whale accumulation of 200 million tokens and the filing of the Canary PENGU ETF with the SEC. Over $2.4 million in PENGU was bought by whales, contributing to sustained bullish momentum and driving the price to a multi-week high. If PENGU successfully…
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In Brief On-chain analysis reveals Iran’s Nobitex exchange used laundering-like methods—including peelchains and chip-off wallets—to routinely move funds months before the $90 million hack. A so-called “rescue wallet” had been active since October 2024, quietly collecting smaller BTC chunks from internal wallets long before the breach occurred. Post-hack fund movements followed the same pattern as…
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In Brief Invesco and Galaxy Digital file to launch a Solana ETF, seeking approval to trade on Cboe BZX exchange under ticker QSOL. This marks the ninth Solana ETF application, highlighting growing institutional interest in altcoins. Analysts predict high chances of SEC approval for Solana ETFs in 2025, with probability reaching 90% in prediction markets.…
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