Category: Analysis

New Bill Seeks National Bitcoin Reserve in Philippines

Key Notes Philippine lawmakers propose a National Bitcoin Reserve with annual purchases of 2,000 BTC for five years. The reserve would be locked for 20 years, with BTC sales only allowed to retire government debt. The plan aims to diversify national reserves and position the Philippines as a leader in digital asset adoption. Miguel Luis “Migz” Villafuerte, a Filipino congressman and former youngest-elected governor in the nation’s history, has filed new legislation that would make Bitcoin BTC $116 539 24h volatility: 3.3% Market cap: $2.32 T Vol. 24h: $47.03 B…

SBET Shares Jump 5% After SharpLink $1.5B Buyback

Key Notes The latest move from SharpLink aims at supporting the market and reinforcing long-term shareholder value. Following the buyback announcement, SBET shares jumped 5% in pre-market trading, recovering from a 30% correction. The buyback complements SharpLink’s recent $668 million Ethereum purchases, reflecting the firm’s disciplined capital strategy. Nasdaq-listed SharpLink Gaming (NASDAQ: SBET), an Ethereum ETH $4 650 24h volatility: 9.1% Market cap: $561.06 B Vol. 24h: $42.17 B Treasury firm, has authorized a massive $1.5 billion stock buyback program, sending the SBET share price soaring by 5% in Friday’s…

Is Pi Coin Price Nearing a Bottom?

Key Notes The 12-hour chart shows a bullish divergence between Pi coin price and RSI, signaling that buyers are gaining control again. For the bullish scenario to hold, PI needs to surpass $0.37 and $0.38, with stronger confirmation at $0.40. A drop below $0.33 would invalidate the setup and could lead to new lows. Pi Network’s native cryptocurrency Pi PI $0.37 24h volatility: 3.5% Market cap: $2.89 B Vol. 24h: $94.38 M price has slipped another 8% over the past week and is finding a floor at $0.35. Technical chart…

Analyst Says XRP Is Going To At Least $5 This Year, Here’s When To Buy

XRP has been under pressure in recent days, trading just below the $3 mark after a series of pullbacks that echoed the wider cooling seen across the crypto market. However, according to a technical analysis shared by crypto analyst Nehal, the asset may be approaching a key accumulation zone. According to his outlook, this could set the stage for an explosive rally that carries XRP to at least $5 before the end of 2025. XRP Dips Below $3; Here’s When To Buy After hitting highs above $3.35 earlier in August,…

Cardano Whales Accumulate as ADA Hits $0.9

Key Notes Market analyst Ali Martinez reports whales have accumulated 150 million Cardano. ADA is on the verge of pushing for a new local high with an immediate $3 target in view. Currently, the coin is trading at $0.8401 in line with the bearish market trend. Popular crypto analyst Ali Martinez has reported the accumulation of 150 million Cardano ADA $0.84 24h volatility: 3.7% Market cap: $30.59 B Vol. 24h: $1.28 B coins by market whales. They accumulated this 150 million ADA position within just two weeks, during a period…

$3.8B Bitcoin Options Expire Pre‑Jackson Hole — Volatility Ahead?

Key Notes The put-to-call ratio (PCR) stands at 1.30, and the max pain level is $118,000, above Bitcoin’s spot price. Analysts note put-heavy positioning, reflecting short-term skepticism and demand for downside protection if Powell maintains a balanced approach. Traders are watching interest rate and liquidity signals as September rate cut expectations fall to 70%. Bitcoin BTC $112 016 24h volatility: 1.0% Market cap: $2.23 T Vol. 24h: $31.43 B and the broader crypto market remain jittery amid Friday’s options expiry, ahead of Jerome Powell’s Jackson Hole speech. A total of…

$91M Stolen in Crypto Social Engineering Scam

Key Notes Crypto sleuth ZachXBT reported that a victim lost 783 Bitcoin in a social engineering scam. The bad actors have laundered the funds through a complex network of addresses. Crypto users are advised to treat every call or email as a default scam. On August 19, a victim lost 783 Bitcoin (BTC) in a social engineering scam. At the time, the value of the funds comprised $91 million. Popular crypto sleuth, ZachXBT, revealed the sophisticated scam on X, noting that the attackers posed as a crypto exchange and wallet…

ENA Reserves Fall as Price Climbs 3% — More Upside Coming?

Key Notes 140 million ENA have been withdrawn from exchanges in the past four days. Ethena’s TVL surged to just below $12 billion, reflecting growing adoption. ENA is currently trading around $0.66, up by 3% in the past 24 hours. While the broader crypto market remains flat, Ethena ENA $0.65 24h volatility: 2.4% Market cap: $4.30 B Vol. 24h: $536.75 M has gained 3% in the past day, showing resilience amid uncertainty. At the time of writing, the 32nd largest cryptocurrency trades around $0.66 with a market cap of $4.38…

13 Wallets Bag $24M as YZY Token Crashes

Key Notes Kanye West’s YZY has pulled a fast one on thousands of holders after a more than 70% crash. Upon its launch, the YZY price reached as high as $3.163, making a few insiders millionaires. It has now retraced to $0.6966, according to CoinMarketCap data. Kanye West-listed YZY has successfully made millionaires out of the owners of 13 wallets, while leaving many other holders high and dry, according to Nansen. Only four days old, but this meme coin is already flipping the script on finance. Meanwhile, the broader cryptocurrency…

XRP $10 Target Still Alive — Analyst Sticks to Long-Term Forecast

Key Notes Analysts highlight critical XRP resistance near $2.90. Popular crypto analyst Crypto Patel said that the XRP can see an upside rally soon. Ripple is pushing its enterprise-grade RLUSD stablecoin into the Japanese market. . Ripple’s native cryptocurrency XRP has come under selling pressure this week, slipping under the crucial support of $3.0, amid a broader market correction. However, market analysts are confident that the XRP price target of $10 remains intact despite the recent volatility. Why XRP Price Rally Will Continue By Another 200%? Ripple’s native cryptocurrency…