๐ CryptoQuant analyst Alex Adler predicts Bitcoin will have two more rallies in this cycle before seller pressure overtakes demand, leading to a market correction.
He notes that in late bull markets, investor risk appetite drops. Metrics that peaked above 1.9 in March and December 2024 are now forming lower highs, signaling increased selling activity. ๐ง
Investors are still taking profits, but each new price surge adds less marginal gain over their cost basis, hinting at a maturing cycle and upcoming correction phase. ๐
He notes that in late bull markets, investor risk appetite drops. Metrics that peaked above 1.9 in March and December 2024 are now forming lower highs, signaling increased selling activity. ๐ง
Investors are still taking profits, but each new price surge adds less marginal gain over their cost basis, hinting at a maturing cycle and upcoming correction phase. ๐
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๐ Justin Sun has officially become the first crypto industry figure in space!
The TRON founder successfully flew to orbit aboard Jeff Bezos' Blue Origin and returned safely. After landing, he literally kissed the Earth, marking the end of his long-awaited space journey. ๐
โIโve waited 4 years for this. We finally did it. Grateful to Mr. Bezos and his team,โ Sun said.
Crypto to the moon? Too late โ Sunโs already been to space! ๐๐ฐ
The TRON founder successfully flew to orbit aboard Jeff Bezos' Blue Origin and returned safely. After landing, he literally kissed the Earth, marking the end of his long-awaited space journey. ๐
โIโve waited 4 years for this. We finally did it. Grateful to Mr. Bezos and his team,โ Sun said.
Crypto to the moon? Too late โ Sunโs already been to space! ๐๐ฐ
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๐ต๏ธโโ๏ธ Arkham has uncovered the biggest crypto theft in history!
๐ฐ 127,426 BTC ($3.5B in 2020, now ~$14.6B) stolen from Chinese mining pool LuBian
At its peak in 2020, LuBian controlled nearly 6% of Bitcoinโs hashrate. But in late December, hackers exploited a weak private key algorithm and drained the wallets:
โช๏ธ Dec 28: Over 90% of BTC stolen
โช๏ธ Dec 29: Another $6M in BTC & USDT taken via Bitcoin Omni
โช๏ธ Dec 31: Remaining funds moved to cold storage
LuBian sent 1,516 OP_RETURN messages (costing 1.4 BTC) begging the hackers to return the funds โ but neither side ever went public. ๐
The stolen BTC remains untouched on a single address, now the 13th largest BTC wallet globally.
๐ฐ 127,426 BTC ($3.5B in 2020, now ~$14.6B) stolen from Chinese mining pool LuBian
At its peak in 2020, LuBian controlled nearly 6% of Bitcoinโs hashrate. But in late December, hackers exploited a weak private key algorithm and drained the wallets:
โช๏ธ Dec 28: Over 90% of BTC stolen
โช๏ธ Dec 29: Another $6M in BTC & USDT taken via Bitcoin Omni
โช๏ธ Dec 31: Remaining funds moved to cold storage
LuBian sent 1,516 OP_RETURN messages (costing 1.4 BTC) begging the hackers to return the funds โ but neither side ever went public. ๐
The stolen BTC remains untouched on a single address, now the 13th largest BTC wallet globally.
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๐
๐ฏ๐ต Japanese nail salon chain Convano has announced an ambitious plan to accumulate 21,000 BTC by March 2027 โ thatโs 0.1% of all Bitcoin that will ever exist!
Since July, Convano has already bought 165 BTC (~$18M), funding purchases through bond issuance. By month-end, they aim to acquire another ยฅ20B (~$124M) worth of BTC. ๐ฐ
A dedicated BTC Strategy Department has been set up, led by crypto veteran Teruaki Higashi.
P.S. Japanโs Metaplanet currently holds 17,132 BTC โ Convano is catching up fast! ๐
Since July, Convano has already bought 165 BTC (~$18M), funding purchases through bond issuance. By month-end, they aim to acquire another ยฅ20B (~$124M) worth of BTC. ๐ฐ
A dedicated BTC Strategy Department has been set up, led by crypto veteran Teruaki Higashi.
P.S. Japanโs Metaplanet currently holds 17,132 BTC โ Convano is catching up fast! ๐
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๐ Verb Technology (NASDAQ: VERB) announced a $558M buyback reserve for TON
Despite expectations of a price pump, TON didnโt rally โ in fact, it slightly dipped after the news. ๐
Crypto logic: $558M buyback? Letโs dump. ๐คทโโ๏ธ
Despite expectations of a price pump, TON didnโt rally โ in fact, it slightly dipped after the news. ๐
Crypto logic: $558M buyback? Letโs dump. ๐คทโโ๏ธ
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๐ฎ๐ณ Indian investors collectively hold around 1,000,000 BTC (~5.1% of total supply).
For comparison, the U.S. leads with ~7.8M BTC (~40%), including corporate treasuries, funds, and seized assets.
Despite harsh crypto taxes, Indiaโs demand for Bitcoin remains strong, driven by a young, tech-savvy population and a large base of long-term retail holders.๐
No official stats โ these are blockchain & exchange-based estimates. ๐
For comparison, the U.S. leads with ~7.8M BTC (~40%), including corporate treasuries, funds, and seized assets.
Despite harsh crypto taxes, Indiaโs demand for Bitcoin remains strong, driven by a young, tech-savvy population and a large base of long-term retail holders.๐
No official stats โ these are blockchain & exchange-based estimates. ๐
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๐คค Altseason brewing?
Over the past 3 months, thereโs been a strong outflow of altcoins from Binance, according to CryptoQuant. ๐
Investors are actively accumulating off-exchange, hinting at growing confidence in alts and preparing for a potential rally. Whales are moving โ are you? ๐๐
Over the past 3 months, thereโs been a strong outflow of altcoins from Binance, according to CryptoQuant. ๐
Investors are actively accumulating off-exchange, hinting at growing confidence in alts and preparing for a potential rally. Whales are moving โ are you? ๐๐
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David Bailey plans to send Bitcoin to $10 million! ๐
Trumpโs Bitcoin adviser David Bailey plans to raise a $200M PAC to push Bitcoinโs interests in U.S. politics.๐ฐ
One of the key goals? Send Bitcoin to $10 million and set up long-term pro-BTC policies
Bailey, founder of Bitcoin Magazine and Nakamoto Holdings, wants the PAC to focus on tax cuts for Bitcoin, protecting self-custody rights, funding Bitcoin education, and even allowing foreign debt repayment in BTC. But some warn Bailey to be cautious: mixing corporate treasury funds with political lobbying could trigger shareholder lawsuits.๐
Crypto PACs are rising โ in 2024 alone, crypto firms spent over $134M on elections. Bitcoinโs political game is leveling up. ๐ฏ
Trumpโs Bitcoin adviser David Bailey plans to raise a $200M PAC to push Bitcoinโs interests in U.S. politics.๐ฐ
One of the key goals? Send Bitcoin to $10 million and set up long-term pro-BTC policies
Bailey, founder of Bitcoin Magazine and Nakamoto Holdings, wants the PAC to focus on tax cuts for Bitcoin, protecting self-custody rights, funding Bitcoin education, and even allowing foreign debt repayment in BTC. But some warn Bailey to be cautious: mixing corporate treasury funds with political lobbying could trigger shareholder lawsuits.๐
Crypto PACs are rising โ in 2024 alone, crypto firms spent over $134M on elections. Bitcoinโs political game is leveling up. ๐ฏ
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Small public companies are diving into ETH โ the new "Gold Rush"? ๐ค
Since the start of 2025, U.S. firms have boosted their ETH reserves to over $3.5B (an 8x increase). Itโs becoming a hot trend among smaller public businesses.
Why ETH? ๐
โช๏ธ Cheaper & easier to buy than BTC
โช๏ธ Earns ~3โ4% APY via staking
โช๏ธ #1 asset for DeFi (unlike โpassiveโ Bitcoin)
โช๏ธ A working asset: you can earn, not just hold
But there are risks:
โช๏ธ Some compare this to the 2021 meme-stock bubble (GameStop, AMC) โ rapid growth without solid ground
โช๏ธ Ethereum is still volatile, legal clarity is weak, and staking accounting is a grey area
โช๏ธ Analysts warn: hype is strong, but stability isnโt here yet.
ETH mania or the next corporate trap? ๐ง
Since the start of 2025, U.S. firms have boosted their ETH reserves to over $3.5B (an 8x increase). Itโs becoming a hot trend among smaller public businesses.
Why ETH? ๐
โช๏ธ Cheaper & easier to buy than BTC
โช๏ธ Earns ~3โ4% APY via staking
โช๏ธ #1 asset for DeFi (unlike โpassiveโ Bitcoin)
โช๏ธ A working asset: you can earn, not just hold
But there are risks:
โช๏ธ Some compare this to the 2021 meme-stock bubble (GameStop, AMC) โ rapid growth without solid ground
โช๏ธ Ethereum is still volatile, legal clarity is weak, and staking accounting is a grey area
โช๏ธ Analysts warn: hype is strong, but stability isnโt here yet.
ETH mania or the next corporate trap? ๐ง
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๐In July, Ethereumโs transaction volume soared to $238B, a 70% increase from June โ the highest since December 2021!
On top of that, the network processed a record-breaking 46.67M transactions, surpassing its previous ATH from May 2021 by 3.6%. ๐
ETH isnโt just alive โ itโs breaking records again! ๐ฅ
On top of that, the network processed a record-breaking 46.67M transactions, surpassing its previous ATH from May 2021 by 3.6%. ๐
ETH isnโt just alive โ itโs breaking records again! ๐ฅ
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๐ซ๐ต๐ญ The Philippines SEC has flagged OKX, Bybit, KuCoin, Kraken, and 6 other major exchanges for operating without licenses under the countryโs new crypto rules!
The SEC warned of enforcement actions, app store bans, and even criminal complaints against these platforms for offering services to Filipino users without authorization. ๐ง
Google, Apple, and Meta are being asked to block unauthorized crypto apps, similar to last year's Binance ban.
Southeast Asia is tightening the screws โ unlicensed exchanges are now on thin ice. ๐ง
The SEC warned of enforcement actions, app store bans, and even criminal complaints against these platforms for offering services to Filipino users without authorization. ๐ง
Google, Apple, and Meta are being asked to block unauthorized crypto apps, similar to last year's Binance ban.
Southeast Asia is tightening the screws โ unlicensed exchanges are now on thin ice. ๐ง
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๐ 40% of all on-chain fees come from USDT transfers, according to Tether CTO Paolo Ardoino.
This includes activity across 9 blockchains: Ethereum, Tron, TON, Solana, BNB Chain, Avalanche, Arbitrum, Polygon, and Optimism. ๐ง
USDT isnโt just the top stablecoin โ itโs literally paying everyoneโs gas bills. โฝ๏ธ๐ธ
This includes activity across 9 blockchains: Ethereum, Tron, TON, Solana, BNB Chain, Avalanche, Arbitrum, Polygon, and Optimism. ๐ง
USDT isnโt just the top stablecoin โ itโs literally paying everyoneโs gas bills. โฝ๏ธ๐ธ
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๐ฎ๐ฉ Indonesia is considering adding Bitcoin to its national reserves - Bitcoin Magazine.
Crypto industry leaders recently met with government officials at the Vice Presidentโs office to discuss using BTC as a sovereign reserve asset.
Looks like another country is eyeing the orange coin for their treasury. ๐ ๐
Crypto industry leaders recently met with government officials at the Vice Presidentโs office to discuss using BTC as a sovereign reserve asset.
Looks like another country is eyeing the orange coin for their treasury. ๐ ๐
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Crypto soothsayer
๐ฎ๐ฉ Indonesia is considering adding Bitcoin to its national reserves - Bitcoin Magazine. Crypto industry leaders recently met with government officials at the Vice Presidentโs office to discuss using BTC as a sovereign reserve asset. Looks like another countryโฆ
๐ง๐ท Brazil is moving towards a strategic Bitcoin reserve!
A public hearing on a bill proposing BTC purchases for Brazilโs Treasury is set for August 20 in the Chamber of Deputies โ called a โhistoric firstโ by local media. ๐
The bill, introduced by pro-crypto lawmaker Eros Biondini, suggests diversifying national reserves with Bitcoin and other secure crypto assets.
Top crypto executives, banking leaders, and government officials will join the debate. Brazil might be the next country stacking sats for its treasury! ๐ฐ
A public hearing on a bill proposing BTC purchases for Brazilโs Treasury is set for August 20 in the Chamber of Deputies โ called a โhistoric firstโ by local media. ๐
The bill, introduced by pro-crypto lawmaker Eros Biondini, suggests diversifying national reserves with Bitcoin and other secure crypto assets.
Top crypto executives, banking leaders, and government officials will join the debate. Brazil might be the next country stacking sats for its treasury! ๐ฐ
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๐ Glassnode: ะกrypto Market is Cooling off โ Shifting from Euphoria to Caution ๐
Key signals:
๐ป Spot & Perpetual CVD show rising seller pressure
๐ฆ Institutional inflows into crypto ETFs dropped 24.9%
๐ก Demand for hedging spikes โ 25 Delta Skew hit 5.51%
๐ BTC network activity slows (lower transfer volumes & fees)
๐ % of BTC in profit drops to 93.6%
๐ RSI falls to 35.8 โ BTC now oversold territory
However, seller exhaustion hints at a potential rebound if bullish catalysts appear. Marketโs on pauseโฆ but donโt sleep on a bounce. ๐ค๐
Key signals:
๐ป Spot & Perpetual CVD show rising seller pressure
๐ฆ Institutional inflows into crypto ETFs dropped 24.9%
๐ก Demand for hedging spikes โ 25 Delta Skew hit 5.51%
๐ BTC network activity slows (lower transfer volumes & fees)
๐ % of BTC in profit drops to 93.6%
๐ RSI falls to 35.8 โ BTC now oversold territory
However, seller exhaustion hints at a potential rebound if bullish catalysts appear. Marketโs on pauseโฆ but donโt sleep on a bounce. ๐ค๐
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๐ฝ White House Prepares Order Against โDebankingโ
Trumpโs administration is drafting an executive order to ban banks from refusing services based on ideology โ targeting cases where conservatives, crypto firms, religious groups, or small businesses are denied access. ๐ง
๐ DOJ & regulators will investigate each case
๐ธ Fines & probes for discrimination
๐ Banks must review their refusal policies
๐ SBA will support affected businesses
Trumpโs administration is drafting an executive order to ban banks from refusing services based on ideology โ targeting cases where conservatives, crypto firms, religious groups, or small businesses are denied access. ๐ง
๐ DOJ & regulators will investigate each case
๐ธ Fines & probes for discrimination
๐ Banks must review their refusal policies
๐ SBA will support affected businesses
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โ๏ธ Riot Platforms sold 98% of its mined BTC in July!
๐บ๐ธ The major US miner produced 484 BTC and sold 475 BTC, despite energy-saving restrictions in Texas. Riotโs hash rate hit 30.2 EH/s, with 19,287 BTC still on its balance sheet.
Meanwhile, competitor MARA Holdings sticks to a HODL strategy, financing operations via debt. As of June 30, MARA had 15,550 BTC in loans, structured deals, or collateralized positions, actively using Bitcoin as a financial tool. ๐ต
Two mining giants โ Riot sells, MARA builds a BTC bank. ๐ฐโ๏ธ
๐บ๐ธ The major US miner produced 484 BTC and sold 475 BTC, despite energy-saving restrictions in Texas. Riotโs hash rate hit 30.2 EH/s, with 19,287 BTC still on its balance sheet.
Meanwhile, competitor MARA Holdings sticks to a HODL strategy, financing operations via debt. As of June 30, MARA had 15,550 BTC in loans, structured deals, or collateralized positions, actively using Bitcoin as a financial tool. ๐ต
Two mining giants โ Riot sells, MARA builds a BTC bank. ๐ฐโ๏ธ
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๐ฝ Bitcoin Spot ETFs see 4th consecutive day of outflows โ SoSoValue
Yesterday alone, investors pulled $196.18M from spot BTC ETFs, extending the outflow streak to four straight days. ๐๐ธ
Yesterday alone, investors pulled $196.18M from spot BTC ETFs, extending the outflow streak to four straight days. ๐๐ธ
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๐ Tom Lee: Bitcoin still has a shot at $250K in 2025
Fundstratโs Tom Lee isnโt backing down from his $250K BTC target this year, despite cautious forecasts from other analysts. He believes BTC will build momentum above $120K and could even hit $1M "over time". ๐
While firms like Bernstein & Standard Chartered see $200K as more realistic, Lee points to growing institutional interest as a game-changer. ๐ฎ
โก๏ธ Market mood? Mixed. BTC cooled from $123K ATH to ~$113K, and the Fear & Greed Index dipped to โNeutral.โ
Leeโs take? โSkepticism is healthy โ surprises happen when nobody expects them.โ
Fundstratโs Tom Lee isnโt backing down from his $250K BTC target this year, despite cautious forecasts from other analysts. He believes BTC will build momentum above $120K and could even hit $1M "over time". ๐
While firms like Bernstein & Standard Chartered see $200K as more realistic, Lee points to growing institutional interest as a game-changer. ๐ฎ
โก๏ธ Market mood? Mixed. BTC cooled from $123K ATH to ~$113K, and the Fear & Greed Index dipped to โNeutral.โ
Leeโs take? โSkepticism is healthy โ surprises happen when nobody expects them.โ
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๐ SharpLink Gamingโs Massive ETH Accumulation
In under two months, SharpLink Gaming has quietly accumulated over 521,000 ETH, valued at $1.87 billion. ๐ฐ
The company has actively staked its holdings, earning more than 929 ETH in staking rewards โ signaling both long-term conviction and a strategic yield approach. ๐ง
A notable move that positions SharpLink among the largest ETH holders in the market.
In under two months, SharpLink Gaming has quietly accumulated over 521,000 ETH, valued at $1.87 billion. ๐ฐ
The company has actively staked its holdings, earning more than 929 ETH in staking rewards โ signaling both long-term conviction and a strategic yield approach. ๐ง
A notable move that positions SharpLink among the largest ETH holders in the market.
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