๐ Crypto markets are cooling off! ๐ฅถ
According to CryptoQuant, overall trading activity is dropping, and selling pressure is taking over. ๐ค
The shift is clear in Bitcoin futures, where trader sentiment points toward expectations of further price declines. Whales are less dominant, and retail is calling more of the shots now. ๐ณโก๏ธ๐ฅ
According to CryptoQuant, overall trading activity is dropping, and selling pressure is taking over. ๐ค
The shift is clear in Bitcoin futures, where trader sentiment points toward expectations of further price declines. Whales are less dominant, and retail is calling more of the shots now. ๐ณโก๏ธ๐ฅ
๐5
๐ฎ๐ณ Indian Minister Goes Crypto!
Indiaโs Minister for Skill Development & Entrepreneurship, Jayant Chaudhary, and his spouse Charu Singh have declared crypto holdings worth $52,300, bought from personal savings. ๐
This marks the first time an Indian minister has publicly owned crypto.๐
Indiaโs Minister for Skill Development & Entrepreneurship, Jayant Chaudhary, and his spouse Charu Singh have declared crypto holdings worth $52,300, bought from personal savings. ๐
This marks the first time an Indian minister has publicly owned crypto.๐
๐11
๐ค The Fed might slash rates by 50 bps in September- CoinDesk.
๐บ๐ธ The U.S. Labor Department revised job growth for the year ending March 2025 โ down 911k jobs, the biggest cut in history. Turns out the labor market is much weaker than NFP reports showed.
๐ If these numbers came earlier, the Fed wouldโve already started cutting. Now markets expect a 0.5% drop, but recession fears linger.
๐ฐ BTC panicked, briefly dipping below $111K, before bouncing back to ~$112.5K.
๐บ๐ธ The U.S. Labor Department revised job growth for the year ending March 2025 โ down 911k jobs, the biggest cut in history. Turns out the labor market is much weaker than NFP reports showed.
๐ If these numbers came earlier, the Fed wouldโve already started cutting. Now markets expect a 0.5% drop, but recession fears linger.
๐ฐ BTC panicked, briefly dipping below $111K, before bouncing back to ~$112.5K.
๐5โค1
๐ฑ Santiment says traders are drowning in FUD
Many now expect BTC to sink below $100K, ETH under $3.5K, and alts to retrace. ๐
But markets love to move against the crowd โ meaning all this doom talk could actually be bullish. ๐
When everyone screams โdump incoming,โ itโs often the perfect setup for the opposite. ๐
Many now expect BTC to sink below $100K, ETH under $3.5K, and alts to retrace. ๐
But markets love to move against the crowd โ meaning all this doom talk could actually be bullish. ๐
When everyone screams โdump incoming,โ itโs often the perfect setup for the opposite. ๐
๐8๐ฅ1
๐ $MYX token went from $0.10 in July to a new ATH of $18.06 today!
๐ฅ Top of the liquidation charts: $47M wiped out in 24h.
๐ TVL is $30M, but market cap hit $3.5B โ looks like the market maker went overboard ๐
๐ Or maybe Consensys is gearing up to back MYX?
๐ก Fun fact: 94.5% of supply sits in just 10 wallets. Extreme centralization, extreme volatility!
๐ฅ Top of the liquidation charts: $47M wiped out in 24h.
๐ TVL is $30M, but market cap hit $3.5B โ looks like the market maker went overboard ๐
๐ Or maybe Consensys is gearing up to back MYX?
๐ก Fun fact: 94.5% of supply sits in just 10 wallets. Extreme centralization, extreme volatility!
โค2๐2๐1
๐ค CryptoQuant analysts expect the bull market peak in OctโNov 2025
๐น Market is now in a mature growth phase.
๐น Heavy selling at $70K slowed things, but recent sales from long-term holders at $98K and $117K were easily absorbed by buyers.
๐น Institutional demand is stretching the cycle, pushing the top later than usual.
๐น Historically, the peak comes when BTC trades far above the realized price of long-term holders.
โณ Translation: the top isnโt here yet.
๐น Market is now in a mature growth phase.
๐น Heavy selling at $70K slowed things, but recent sales from long-term holders at $98K and $117K were easily absorbed by buyers.
๐น Institutional demand is stretching the cycle, pushing the top later than usual.
๐น Historically, the peak comes when BTC trades far above the realized price of long-term holders.
โณ Translation: the top isnโt here yet.
๐5
๐ป๐ณ Vietnam has approved a 5-year pilot program for crypto trading
Key rules:
๐ธOnly local companies can participate, with all settlements in dong ๐ป๐ณ๐ต
๐ธCrypto assets must be fully asset-backed
๐ธExchanges need at least โซ10T ($379M) in capital
๐ธ65% of funds must come from institutional investors
๐ธForeigners capped at 49% ownership, and only as investors
๐ Earlier, reports said Vietnam plans to launch a national crypto exchange โ this looks like the first big step.
Key rules:
๐ธOnly local companies can participate, with all settlements in dong ๐ป๐ณ๐ต
๐ธCrypto assets must be fully asset-backed
๐ธExchanges need at least โซ10T ($379M) in capital
๐ธ65% of funds must come from institutional investors
๐ธForeigners capped at 49% ownership, and only as investors
๐ Earlier, reports said Vietnam plans to launch a national crypto exchange โ this looks like the first big step.
๐4๐ฅ4โค1
๐ BNB just hit a new all-time high above $900 after Binance announced a partnership with Franklin Templeton
๐ข The goal: bridge TradFi and blockchain by giving corporate clients tools for tokenization and digital asset trading.
๐ค Franklin Templeton brings expertise in tokenization & crypto ETFs, while Binance provides trading + custody infrastructure.
๐ข The goal: bridge TradFi and blockchain by giving corporate clients tools for tokenization and digital asset trading.
๐ค Franklin Templeton brings expertise in tokenization & crypto ETFs, while Binance provides trading + custody infrastructure.
๐ฅ3๐ฅฐ1๐1
๐ ConsenSys (Linea) CEO says ETH will do 100x+ and even surpass BTC!
He argues Tom Leeโs $706K target isnโt bullish enough โ ETH will power the decentralized economy of the future as the ultimate trust layer. ๐
But while the vision sounds epic, Ethereumโs L2s are tripping:
โช๏ธ Linea went down for an hour yesterday โ๏ธ
โช๏ธ ScrollDAO paused operations indefinitely
โช๏ธ Starknet stopped producing blocks again, just 8 days after the last outage โก๏ธ
Big dreams, shaky layers. ๐
He argues Tom Leeโs $706K target isnโt bullish enough โ ETH will power the decentralized economy of the future as the ultimate trust layer. ๐
But while the vision sounds epic, Ethereumโs L2s are tripping:
โช๏ธ Linea went down for an hour yesterday โ๏ธ
โช๏ธ ScrollDAO paused operations indefinitely
โช๏ธ Starknet stopped producing blocks again, just 8 days after the last outage โก๏ธ
Big dreams, shaky layers. ๐
๐ฅ3๐2๐1๐ฅฐ1
Among the Top 100 corporate Bitcoin holders, a trend is emerging: small extra buys to climb the leaderboard๐
Example: The Smarter Web just bought 30 BTC, pushing them back into the Top 25.ั๐
They even admitted Sequans, the company just ahead of them, is โdefinitely on our radar.โ ๐
Looks like the corporate BTC game is turning into a scoreboard battle. ๐
Example: The Smarter Web just bought 30 BTC, pushing them back into the Top 25.ั๐
They even admitted Sequans, the company just ahead of them, is โdefinitely on our radar.โ ๐
Looks like the corporate BTC game is turning into a scoreboard battle. ๐
๐ฅ3๐2๐1
๐ณ Smaller whales are stacking BTC!
The number of wallets holding 100โ1,000 BTC just hit a new all-time high. These mid-sized whales are betting big on the continuation of the bull run. ๐
When even โsmallโ whales are loading up, itโs usually a bullish signal. ๐
The number of wallets holding 100โ1,000 BTC just hit a new all-time high. These mid-sized whales are betting big on the continuation of the bull run. ๐
When even โsmallโ whales are loading up, itโs usually a bullish signal. ๐
๐ฅ4โค1
๐ฎ๐ณ India is taking a cautious path on crypto
A leaked government document shows the country will avoid creating a full legal framework, keeping only partial oversight.
Key points:
โช๏ธRegulating crypto could give it legitimacy and pose systemic risks โ ๏ธ
โช๏ธAn outright ban wouldnโt stop P2P or DEX trading ๐
โช๏ธHeavy taxes already discourage speculation ๐ธ
โช๏ธStablecoins are the biggest worry โ they could weaken Indiaโs UPI digital payments system ๐ณ
So while the U.S. embraces stablecoins, India prefers to keep crypto at armโs length. ๐
A leaked government document shows the country will avoid creating a full legal framework, keeping only partial oversight.
Key points:
โช๏ธRegulating crypto could give it legitimacy and pose systemic risks โ ๏ธ
โช๏ธAn outright ban wouldnโt stop P2P or DEX trading ๐
โช๏ธHeavy taxes already discourage speculation ๐ธ
โช๏ธStablecoins are the biggest worry โ they could weaken Indiaโs UPI digital payments system ๐ณ
So while the U.S. embraces stablecoins, India prefers to keep crypto at armโs length. ๐
๐5โค1
๐ Stocks of companies holding crypto reserves are tumbling despite cryptoโs rise
โช๏ธMicroStrategy (MSTR) fell from Julyโs $457 to $328 โ lowest since April.
โช๏ธJapanโs Metaplanet (3350) lost over 60% from its June peak.
โช๏ธMany of these 60+ firms had no crypto ties before 2025, raising capital via stocks/debt to buy BTC/ETH.
Experts say itโs predictable: such stocks often swing 4โ5x harder than Bitcoin itself. Retail sell-offs add extra pressure.
Biggest losers:
โช๏ธSmarter Web (SWC) โ down 70% since April
โช๏ธAlt5 Sigma (ALTS) โ down 61% after Trump-linked deal
โช๏ธBitMine (BMNR) & GameSquare (GAME) โ both down ~67%
Crypto on balance sheet โ safe stock play. ๐
โช๏ธMicroStrategy (MSTR) fell from Julyโs $457 to $328 โ lowest since April.
โช๏ธJapanโs Metaplanet (3350) lost over 60% from its June peak.
โช๏ธMany of these 60+ firms had no crypto ties before 2025, raising capital via stocks/debt to buy BTC/ETH.
Experts say itโs predictable: such stocks often swing 4โ5x harder than Bitcoin itself. Retail sell-offs add extra pressure.
Biggest losers:
โช๏ธSmarter Web (SWC) โ down 70% since April
โช๏ธAlt5 Sigma (ALTS) โ down 61% after Trump-linked deal
โช๏ธBitMine (BMNR) & GameSquare (GAME) โ both down ~67%
Crypto on balance sheet โ safe stock play. ๐
๐4
๐ฐ A Bitcoin time capsule just opened: after 13 years of dormancy, a wallet holding 444.81 BTC (~$50.7M) finally moved funds
The owner transferred 137 BTC ($15.6M) โ sending 132 BTC to a fresh wallet and 5 BTC to Kraken, likely to sell. ๐ต
Back in 2012, these coins were worth just $5.4K at $12 per BTC. Today, thatโs a 9,300x gain. The whale still holds 307 BTC (~$35M) untouched. ๐
The owner transferred 137 BTC ($15.6M) โ sending 132 BTC to a fresh wallet and 5 BTC to Kraken, likely to sell. ๐ต
Back in 2012, these coins were worth just $5.4K at $12 per BTC. Today, thatโs a 9,300x gain. The whale still holds 307 BTC (~$35M) untouched. ๐
๐6โค1
๐ต๏ธ Analysts at CryptoQuant believe Ethereum is in its strongest cycle ever ๐ช
ETH is solidifying its role as both an investment asset and the leading settlement blockchain.
Institutional demand, staking levels, and on-chain activity are all hovering near record highs. ๐
ETH is solidifying its role as both an investment asset and the leading settlement blockchain.
Institutional demand, staking levels, and on-chain activity are all hovering near record highs. ๐
๐4
Crypto soothsayer
๐ฐ A Bitcoin time capsule just opened: after 13 years of dormancy, a wallet holding 444.81 BTC (~$50.7M) finally moved funds The owner transferred 137 BTC ($15.6M) โ sending 132 BTC to a fresh wallet and 5 BTC to Kraken, likely to sell. ๐ต Back in 2012, theseโฆ
๐ณ Another ancient crypto holder just woke up after 13 years of silence, moving 232 BTC (~$26.5M) to a new address ๐ง
Back in 2012, these coins were bought for just $2,700 โ talk about diamond hands. ๐๐
Back in 2012, these coins were bought for just $2,700 โ talk about diamond hands. ๐๐
๐5
๐ Signs of altseason?
๐ CryptoQuant notes ETH trading volume is dropping, while altcoin volume has spiked sharply over the past week.
Meanwhile, crypto Twitter is buzzing: the Altcoin Season Index hit 76 โ a level that usually signals the start of a bull run. ๐
Looks like the herd is shifting from ETH to alts. ๐
๐ CryptoQuant notes ETH trading volume is dropping, while altcoin volume has spiked sharply over the past week.
Meanwhile, crypto Twitter is buzzing: the Altcoin Season Index hit 76 โ a level that usually signals the start of a bull run. ๐
Looks like the herd is shifting from ETH to alts. ๐
๐คทโโ3๐2โค1