Day: August 4, 2025

ADA’s $1 Dream: Cardano Community Approves Major $71M Grant

Key Notes Cardano community approved $71M grant to fund a year-long development roadmap by IOE. The proposal marks the first-ever community-funded core upgrade in Cardano’s history. ADA eyes $1, but must break key resistance at $0.80 to sustain bullish momentum. Cardano ADA $0.74 24h volatility: 2.3% Market cap: $26.65 B Vol. 24h: $974.48 M eyes a leap to $1 with the community approving a $71 million grant (96 million ADA) in a landmark governance vote. The grant will be used to fund a year-long protocol roadmap by Input Output Engineering (IOE),…

Ethereum Whales Accumulate $300M As ETF Inflows Hit $1.7B

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Ether whales continued to buy the cryptocurrency in droves, according to onchain analysts, as ETH recovers from a weekend dip.  “Somebody is buying a ton of ETH,” blockchain analytics firm Arkham Intelligence said on Sunday, with one address accumulating $300 million worth of Ether (ETH) from over-the-counter (OTC) trading at Galaxy Digital. The whale address currently holds 79,461 ETH, worth around $282.5 million.  BlackRock has also been loading up on ETH, with the firm’s iShares Ethereum Trust ETF seeing $1.7 billion in inflows over the past 10 consecutive trading days.…

CFX Rallies on China Buzz, But Fundamentals Still Lag

Conflux’s CFX emerged as the winner during weekend trading, gaining around 14%, according to CryptoX market data, and surpassing the broader CryptoX 20 index, which rose by 4%. However, behind the scenes, there’s something missing: an uptick in on-chain activity. Conflux has positioned itself as being China’s Ethereum, with a regulatory-compliant digital ledger, that doesn’t have a token, available within mainland China. Analysts speaking to CryptoX in the past have called it a “one country, two systems” protocol, with its ability to straddle both the global crypto markets with a…

SEC Upping Bitcoin ETF Options Limits Will Boost IBIT: NYDIG

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BlackRock’s market-dominating spot Bitcoin exchange-traded fund may get bigger after the US Securities and Exchange Commission increased position limits for many Bitcoin funds, according to crypto financial services firm NYDIG. The SEC on Tuesday increased the number of allowed options contracts from 25,000 to 250,000 “for all ETFs with options,” which includes the iShares Bitcoin Trust ETF (IBIT) but not the Fidelity Wise Origin Bitcoin Fund (FBTC), NYDIG’s global head of research, Greg Cipolaro, said in a report on Friday. “The change is likely to widen the monstrous lead that…

When Will The Bitcoin Correction End? The Support Level That Holds The Key

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After crashing below the $115,000 territory over the weekend, Bitcoin has reached an important level that could determine where the crypto market is headed next. Eventually, it comes down to the support levels and how much buying is going on to actually counter the effects of massive sell-offs that continue to drive down the price. However, if bulls are able to hold, then it could suggest there is enough momentum behind the cryptocurrency to push for new highs. Why Bitcoin Must Hold $100,000 In an analysis, crypto and market analyst…

Metaplanet First Bitcoin-Stacking Firm To Buy Dip in August

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Metaplanet snapped up 463 Bitcoin on Monday, making it the first public company to capitalize on Bitcoin’s 5% weekend dip. The Japanese investment company bought the Bitcoin (BTC) for 8 billion Japanese yen ($53.7 million), an average purchase price of about $115,895, Metaplanet said in a statement. This brought Metaplanet’s Bitcoin holdings to 17,595 Bitcoin, worth over $2 billion, maintaining its position as the world’s seventh-largest corporate Bitcoin holder. Source: Simon Gerovich While Metaplanet may be the first public company to announce buying Bitcoin in August, it followed a huge…

Trump locks in crypto bill support

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