In Brief Bit Digital has sold its Bitcoin holdings and transitioned its entire treasury to Ethereum, acquiring 100,603 ETH worth $254.8 million. The move reflects the company’s belief in Ethereum’s long-term potential, positioning it as a major ETH holder among public firms. CEO Sam Tabar emphasizes Ethereum’s potential as a key asset for economic activity,…
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In Brief HBAR’s price is showing a classic bullish divergence on the RSI, hinting at a possible breakout. Chaikin Money Flow has turned positive but still lacks strong confirmation from volume or broader flows. Developer activity continues to decline sharply, casting doubt on long-term conviction. HBAR, Hedera’s native token, is showing signs of life after…
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In Brief DOGE’s whale accumulation surged 112% in a week, signaling renewed interest despite flat price performance and low volatility. Futures data shows strong demand for long positions, with a positive funding rate indicating bullish trader sentiment. Continued accumulation could push DOGE toward $0.175, with a breakout opening potential for a rally to $0.206. Top…
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In Brief Elon Musk announces that his new America Party will adopt Bitcoin (BTC). Musk criticizes traditional fiat currency as “hopeless” in response to a question on X (formerly Twitter). The creation of the America Party follows Musk’s fallout with Trump over the ‘big beautiful bill’ and its economic implications. Elon Musk, the billionaire entrepreneur…
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In Brief The total crypto market cap has risen by $45.79 billion to $3.33 trillion, with a key focus on securing $3.31 trillion as support for continued growth. Bitcoin is nearing its all-time high of $111,980, currently at $109,439, requiring a breakthrough of the $109,476 resistance to move toward $110,000. Floki has surged 16.7%, showing…
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In Brief On-Chain data traced the wallet distributing OpenAI tokens to a past NFT trader linked to a Robinhood engineer. Robinhood said the tokens offer indirect exposure via a special-purpose vehicle as part of a European promo campaign. OpenAI clarified it was not involved, did not approve any equity transfer, and does not endorse the…
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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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