Category: Analysis

Bitcoin Analyst Warns of Potential BTC Short Squeeze in Liquidity Hunt

Key Notes Technical analysis identifies two major liquidation zones at $116,800 and $119,000 that could serve as price magnets for Bitcoin’s next move. The cryptocurrency successfully tested the 50-day exponential moving average support level, establishing a foundation for potential upward momentum. Bitcoin’s correlation with the S&P 500 remains strong, making both assets sensitive to macroeconomic developments and recession concerns. Bitcoin BTC $115 477 24h volatility: 1.6% Market cap: $2.30 T Vol. 24h: $32.75 B price has once again experienced high volatility events in a short period of time, flirting with…

Tornado Cash Developer Roman Storm Found Guilty of Operating Illegal Money Transfer Business

Key Notes Storm faces maximum 5-year sentence for conviction, significantly less than potential 20-year terms for dismissed charges. Verdict establishes precedent that non-custodial crypto services may qualify as Money Service Businesses requiring compliance. Ethereum Foundation and Paradigm invested $1.75 million total in Storm’s legal defense highlighting industry-wide concerns. This August 6th, the United States trial against Roman Storm, one of the developers and founders of Tornado Cash, has just ended after 4 weeks of jury deliberation to reach a verdict. The trial ended with the jury finding Storm guilty of…

BNB Price Faces Death Cross at $785 as CEA Industries Rebrands to BNB Network Company

Key Notes Corporate rebrand signals strategic alignment with BNB Chain ecosystem backed by substantial institutional investment funding. Technical analysis shows death cross formation at $785 resistance level creating mixed signals for continued upward momentum. Best Wallet presale capitalizes on increased institutional adoption with $14 million raised targeting early-stage opportunities. Binance Coin BNB $773.4 24h volatility: 2.8% Market cap: $107.78 B Vol. 24h: $1.01 B surged more than 5% on Wednesday, August 6, following a landmark announcement from CEA Industries Inc., which has now rebranded as BNB Network Company (BNC). This…

SBI Holdings Files For Japan’s First Dual Bitcoin-XRP, Old-Crypto Mix ETFs

Key Notes Japan’s largest financial services firm seeks regulatory approval for groundbreaking cryptocurrency investment products. SBI targets 60 million account signups while positioning itself as the nation’s leading digital asset exchange platform. The company plans strategic investments in both USD and JPY-backed stablecoins to strengthen market presence. Japanese financial services firm SBI Holdings has announced its intent to launch crypto-asset-linked investment trusts and exchange-traded funds (ETFs) upon regulatory approval from the Financial Services Agency (FSA) in Tokyo. The plans were announced during SBI Holdings’ earnings report for the three-month period…

Ethereum Price Drops Below $3,700 Despite Corporate Buyups

Key Notes Ethereum price has lost its support above $3,700, even with recent corporate buyups from top companies like SharpLink Gaming. SharpLink Gaming recently purchased 15,822 ETH at a market value of $54 million. BitMine became the largest Ethereum treasury in the world with 833,137 ETH in its holding. Ethereum ETH $3 606 24h volatility: 1.1% Market cap: $435.29 B Vol. 24h: $24.37 B price has lost its support above $3,700 even with recent corporate buyups from top companies like SharpLink Gaming (SBET). As it stands, the coin is struggling…

China Warns Eye-Scan Crypto Projects Threaten Security

Key Notes China believes that eye-scanning crypto projects could threaten national security. The country’s security agency disclosed that they invade users’ privacy. Although not listed, it is believed that China is speaking about a crypto project that asked users to submit their iris data for crypto. China’s top security agency has issued a serious warning about cryptocurrency companies that collect biometric data, such as iris scans. According to the Ministry of State Security (MSS), these projects may not only invade users’ privacy but could also be used for foreign intelligence…

Coinbase Earns A+ Rating From BBB

Key Notes Coinbase recently achieved an A+ rating with the Better Business Bureau. Brian Armstrong, the exchange’s CEO, attributed this success to the hard work put in by the exchange’s customer experience team. Despite its challenges, even on Base, Coinbase recommits to customer loyalty. Brian Armstrong, the CEO of cryptocurrency exchange Coinbase, has acknowledged the firm’s recent performance rating. He pointed out that the customer experience team at the exchange has been working tirelessly to bring about such outstanding results. Coinbase Focuses on Customer Service and Support According to Armstrong,…

South Korea’s Top Online Bank to Enter Stablecoin Market

Key Notes KakaoBank is preparing to enter South Korea’s stablecoin market. The initiative involves leaders from KakaoBank, Kakao Pay, and Kakao. The bank reported strong H1 2025 earnings, with nearly 26 million users. KakaoBank, South Korea’s largest digital-only bank, is preparing to enter the stablecoin market. As per local media outlets, the bank is exploring both the issuance and custody of digital assets, signaling a pivot to blockchain-based financial services. Backed by the broader Kakao Group’s resources and infrastructure, KakaoBank’s stablecoin ambitions could ramp up the adoption of stablecoins in…

Satsuma Raises $217M, Now UK’s #2 Bitcoin Holder

Key Notes Satsuma has recently raised $217.6 million, exceeding its funding target by 64%. It accepted 1,097 BTC in the round, boosting treasury holdings. The company becomes the UK’s second-largest corporate Bitcoin holder. Satsuma Technology PLC, a London-listed AI infrastructure company, has closed a $217.6 million fundraising round, 64% above its original target. Interestingly, it accepted 1,097.29 Bitcoin BTC $114 044 24h volatility: 0.8% Market cap: $2.27 T Vol. 24h: $35.07 B from investors as part of the funding. The raise was supported by top digital asset investors, including ParaFi,…

Robert Kiyosaki: Bitcoin Is Pure Genius Asset Design

Key Notes The author of Rich Dad Poor Dad has described Bitcoin as “pure genius asset design.” He emphasized how the coin is a low-effort wealth generator. Kiyosaki’s advocacy for Bitcoin has not flinched in a while, whether the price of the coin is rising or falling. Robert Kiyosaki, the author of ‘Rich Dad Poor Dad,’ has taken to the social media platform X to talk about Bitcoin BTC $114 011 24h volatility: 0.6% Market cap: $2.27 T Vol. 24h: $35.41 B again. This time around, he described the flagship…