Category: Analysis

Bitcoin Price Recovery Underway – But Momentum Tells a Different Story?

Bitcoin price is attempting a recovery wave above $111,000. BTC is now rising and might gain pace if it clears the $112,500 resistance level. Bitcoin started a recovery wave above the $111,200 zone. The price is trading above $111,200 and the 100 hourly Simple moving average. There is a short-term rising channel forming with support at $111,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $112,500 zone. Bitcoin Price Extends Recovery Bitcoin price started a…

Is Binance Manipulating XRP Price And Driving The Crash? Analyst Gives Answers

In a recent post on X, crypto analyst Pumpius argued that the recent drop in XRP’s price is not natural but the result of deliberate actions by Binance. According to him, the exchange wants to protect its position because the digital currency poses a threat to the system it has built over the years. He says the exchange is doing more than just selling tokens; it is working to hold XRP back.  Binance Accused Of Coordinating XRP Price Suppression Pumpius says Binance is not only selling XRP but is also…

Aptos Joins 20 Blockchains With Near Intents; Cross-Chain Volume Approaches $1 Billion

Key Notes Near Intents protocol achieves $955 million in cross-chain swaps across 115 tokens, with one-third of volume occurring in the last month alone. Aptos integration allows users to transact with 19 other blockchains including Bitcoin and Ethereum for just $0.01 fees and 1.2-second finality. The protocol powers multiple applications like Zashi and ThorSwap while Cardano integration may follow by September’s end. The Aptos network is now part of a growing selection of 20 interconnected blockchains via NEAR Intents, a cross-chain and chain-abstraction protocol powered by NEAR’s infrastructure. NEAR Intents…

US Bancorp to offer Bitcoin Custody Services Again as Regulatory Environment Shifts

Key Notes America’s fifth-largest bank returns to crypto custody following favorable regulatory changes under the Trump administration. The bank partners with NYDIG to offer Bitcoin storage services, starting with registered funds and ETFs before expanding offerings. US climbs to second place globally in crypto adoption rankings, reinforcing America’s push to become the world’s crypto capital. US Bancorp, the fifth-largest bank in the US by total assets under management, has reopened its cryptocurrency custody services after a four-year hiatus. Stephen Philipson, the head of the wealth, corporate, commercial and institutional banking…

XRP Eyes $5 Breakout as Spot ETF Approval Odds Rise

Key Notes XRP price is showing signs of recovery, bouncing back from the key support of $2.80. Odds of an XRP ETF approval have risen to 87%, with projections suggesting the ETF could attract up to $5 billion in its first month. The SEC is reviewing 11 Ripple ETF applications, with a new decision deadline set for October after several delays. XRP XRP $2.87 24h volatility: 1.5% Market cap: $170.78 B Vol. 24h: $5.94 B price is showing signs of recovery, bouncing back from $2.80 support, with analysts eyeing a…

AVAX Eyes Breakout as Avalanche C-Chain Hits Milestone

Key Notes Avalanche C-Chain hit 35.8M transactions in August, marking its second-highest monthly total. Increased C-Chain activity is boosting demand for AVAX, supporting network fees and staking. AVAX price trades at $25.10 with potential upside to $33, aided by Grayscale AVAX ETF approval. Avalanche C-Chain reached a major milestone in August with 35.8 million transactions, the second-highest monthly total in its history. This achievement has coincided with a potential breakout in AVAX AVAX $25.36 24h volatility: 5.9% Market cap: $10.70 B Vol. 24h: $806.25 M price. Avalanche C-Chain Brings Traction…

Galaxy Digital Announces Stock Tokenization on Solana

Key Notes Galaxy Digital has become the first Nasdaq-listed company to tokenize SEC-registered stock directly on Solana. The tokenization is managed by Superstate, a registered transfer agent, ensuring real-time legal ownership updates. 21 investors have already tokenized a total of 32,374 shares on Solana through Superstate’s Opening Bell platform. Galaxy Digital, the crypto investment firm led by Mike Novogratz, has become the first publicly traded company to tokenize its SEC-registered equity directly on a major blockchain. Through a partnership with fintech firm Superstate, Galaxy’s Class A common shares can now…

Treasury to Buy 1,000 BTC Backed by Winklevoss, Nakamoto

Key Notes The company “Treasury” plans to list on the Euronext Amsterdam exchange through a reverse merger with lender MKB Nedsense. This will make it the first Bitcoin treasury company on a primary European exchange and to make BTC its primary reserve asset. Treasury already holds 1,000 BTC and intends to use a combination of equity issuance and convertible debt to systematically acquire more. Treasury, a Euro-denominated Bitcoin BTC $111 411 24h volatility: 1.8% Market cap: $2.22 T Vol. 24h: $43.66 B company, has secured $147 million in funding, via…

Binance Coin Bags New Listing in Hong Kong: Details

Key Notes BNB was listed on OSL HK, indicating support from the Hong Kong licensed exchange. CZ noted that this makes the coin the fifth approved digital currency to be traded on an exchange in the Asian country. Rex and Osprey’s BNB Staking ETF is awaiting regulatory approval. Leading digital asset service provider Binance has just established itself in Hong Kong with the listing of Binance Coin BNB $854.6 24h volatility: 1.3% Market cap: $118.89 B Vol. 24h: $927.32 M . The cryptocurrency received support from Hong Kong’s licensed exchange…

Bitcoin ETFs See Inflows as Ether ETFs Drop

Key Notes Bitcoin is regaining its safe-haven status amid global uncertainty, with analysts predicting continued inflows. Bitcoin trades near $111,000, with analysts eyeing the 20-week SMA as key support. Ethereum ETFs see outflows as ETH struggles below $4,400, with a potential drop toward its 21-week EMA at $3,400. Amid the broader crypto market correction, Bitcoin BTC $111 596 24h volatility: 2.1% Market cap: $2.22 T Vol. 24h: $46.00 B is once again emerging as a safe haven asset, regaining the “digital gold” narrative amid the global macro uncertainty. Inflows into…