Category: Analysis

Bit Mining Soars 250% After Solana Pivot

Key Notes BIT Mining plans to raise $200 million to $300 million to purchase SOL amid a shift in its cryptocurrency focus. The stock surged over 250% in the pre-market but slipped into the red during regular trading. The company says the move targets broader blockchain opportunities following the Bitcoin halving. Bit Mining stock soared over 250% in early pre-market trading on July 10 after the company announced a major strategic shift toward Solana. However, despite the initial excitement, the momentum did not last long. The stock fell into negative…

Akave Unveils Enterprise Data Layer on Avalanche L1

Key Notes Akave has launched Akave Cloud, the first decentralized data layer on a dedicated Avalanche L1, targeting enterprise AI, DePIN, and SaaS clients. The launch comes as Avalanche sees major enterprise adoption from partners like Citi, the California DMV, and FIFA for its custom Subnet technology. Avalanche’s native token, AVAX, shows recent strength ahead of a key July 15 SEC deadline for a spot exchange-traded fund (ETF) decision. Akave, a decentralized storage network, has launched Akave Cloud on a dedicated Avalanche AVAX $19.49 24h volatility: 5.0% Market cap: $8.23…

PENGU Price Jumps 34% Amid Pudgy Penguins ETF Hype

Key Notes Daily trading volume for PENGU surged 500% to $864 million, while open interest rose 51% to $276 million. Whale wallets holding over $1 million in PENGU increased their holdings by 1%, signaling growing confidence and momentum. Crypto analyst Ali Martinez highlighted a bullish technical setup, forecasting a potential 200% rally to $0.60 by August. Meme coin PENGU PENGU $0.0153 24h volatility: 2.5% Market cap: $964.03 M Vol. 24h: $186.28 M , the native cryptocurrency of Pudgy Penguins, has registered a strong 24% upside in the last 24 hours,…

Crypto Liquidations Hit $543M as Greed Returns — Coins to Watch

Key Notes Up to 122,338 traders were liquidated in the crypto market within the last 24 hours. The selloffs resulted in the liquidation of $543 million in digital assets, including BTC, ETH, SOL, and DOGE. Bitcoin recently hit a new all-time high of $112,000, with hopes of testing the $120,000 milestone soon. The cryptocurrency market has seen 122,338 traders liquidated in the last 24 hours. This shift in broader market sentiment led to total liquidations worth $543 million. Interestingly, this coincides with a notable uptick in the performance of digital…

Bhutan Moves 213 Bitcoin Units to Binance, Big Selloff Incoming?

Key Notes The government of Bhutan has transferred 213.5 Bitcoin to Binance, sparking a major selloff fear. Bitcoin price had just recently hit $112,000, a sign of profit-taking emerging in the ecosystem. Analysts expect the price of the flagship cryptocurrency to reach $120,000 amid mixed sentiments. A recent movement of Bitcoin BTC $111 499 24h volatility: 2.4% Market cap: $2.22 T Vol. 24h: $36.57 B by the government of Bhutan has raised suspicions amongst crypto enthusiasts. It turns out that the Royal Government of Bhutan transferred 213.5 Bitcoin to Binance.…

Justin Sun Backs Dual-Profit Mechanism for TRX, “Start Working”

Key Notes Justin Sun endorses a dual-profit model using sTRX and TRX Vault to maximize returns on staked TRX. The system enables users to earn staking rewards while using sTRX as collateral to mint USDD. Sun also committed $100 million to the Trump meme coin, strengthening TRON’s political ties. Justin Sun has thrown his weight behind a new dual-profit strategy for TRX holders, backing his call to make idle assets productive. In a recent post on X, Sun told a TRX TRX $0.29 24h volatility: 0.9% Market cap: $27.47 B…

BlackRock’s ETH ETF Could Draw $6B as Price Nears $3K

Key Notes BlackRock’s iShares Ethereum Trust (ETHA) now manages over $5 billion in assets, holding 1.8 million ETH. Ether (ETH) price rallied over 7% to approach the $2,800 mark, driven by a 77% increase in trading volume and a 13% surge in futures open interest. Whale accumulation remains strong, with 127,971 ETH bought in 24 hours by major players like SharpLink Gaming and Abraxas Capital. With the Ethereum ETH $2 780 24h volatility: 6.4% Market cap: $335.56 B Vol. 24h: $26.26 B price gaining more than 7% amid a broader…

Circle Secures Partnership With Ant Group Subsidiary: Report

Key Notes Circle’s USDC stablecoin is set to be integrated into Ant International’s blockchain platform once US regulatory compliance is met. Ant International is pursuing stablecoin licenses in Hong Kong, Singapore, and Luxembourg. The partnership follows Circle’s $1.05B IPO and deepens its push to embed USDC into everyday financial services. Circle, the issuer of the USD-backed stablecoin USDC, has reportedly secured a partnership with Ant International, the global subsidiary of Jack Ma’s Ant Group. Sources familiar with the matter told Bloomberg that Ant International plans to integrate USDC into its…

Binance Founders Bring BNB Treasury Strategy to Wall Street

Key Notes Binance co-founders’ family office will be involved in a BNB treasury company. The development could have a massive impact on the BNB ecosystem. 10X Capital will be managing the assets with the sole focus on the Binance-backed token. YZi Labs, owned by Binance co-founders Changpeng Zhao and Yi He, took a significant step in institutionalizing BNB BNB $669.8 24h volatility: 1.5% Market cap: $97.71 B Vol. 24h: $850.14 M . Formerly known as Binance Labs, the venture capital firm is backing 10X Capital to launch a publicly-traded BNB…

Snoop Dogg’s NFTs Sell Out in 30 Minutes via Telegram Drop

Key Notes Snoop Dogg’s NFT collection, launched as Telegram digital gifts, marks one of the most successful NFT drops of 2025 so far. Telegram founder Pavel Durov confirmed that blockchain minting and secondary trading will begin in 21 days. Snoop Dogg also released a music video titled “Gifts” featuring the launch of digital collectibles. Snoop Dogg, the popular American rapper, has once again ignited the non-fungible token (NFT) mania by selling out nearly 1 million NFT tokens on the messaging app Telegram within just 30 minutes of launch. As a…