Category: Analysis

Galaxy Moves 10K BTC as Novogratz Shifts Focus to Ethereum

Key Notes Galaxy Digital transferred 10,000 BTC to exchanges, likely related to an 80K BTC wallet. BTC dropped substantially following this transfer, trading at $115,000. Galaxy Digital’s Michael Novogratz is betting on Ethereum to outperform. Galaxy Digital sparked widespread speculation after transferring over 10,000 BTC BTC $115 584 24h volatility: 2.6% Market cap: $2.30 T Vol. 24h: $75.60 B , worth approximately $1.18 billion, to multiple exchanges in a matter of hours. The move resulted in a sudden 3% drop in Bitcoin price, as the leading cryptocurrency currently trades at…

Franklin Templeton Adds VeChain to $780M Tokenized Fund: Will VET Price Surge?

Key Notes Franklin Templeton’s $1.6 trillion AUM firm added VeChain to its SEC-registered tokenized Treasury fund portfolio. VET trades near $0.024 support with potential upside targets at $0.030 if it breaks above $0.028 resistance level. Institutional integration could reduce VET’s correlation with broader altcoin volatility and strengthen fundamentals. VeChain VET $0.0251 24h volatility: 0.9% Market cap: $2.16 B Vol. 24h: $68.64 M price rebounded on Wednesday, July 24, after investment giant Franklin Templeton added the blockchain to its $780 million tokenized US Government Money Fund. The move marks the firm’s…

BONK Price Forecast: 500 Billion Token Burn Sparks 6% Gains, What’s Next?

Key Notes BONK defied market trends with 6% gains while Solana memecoin sector dropped 10.2% to $15.1 billion market cap. The rally followed confirmation of 500 billion BONK token burn from network fees, boosting trader confidence significantly. Bulls defend $0.000032 support level targeting $0.000040 resistance as derivatives volume surged 54% intraday. BONK price settled at $0.000034 on July 24 after spiking to highs of $0.000037 and lows near $0.000031. This followed a 16% intraday range, highlighting high volatility across Solana-based meme tokens. BONK $0.000034 24h volatility: 4.4% Market cap: $2.63…

Shiba Inu Price Analysis: SHIB Whales Buy $63.7M After 12% Drop

Key Notes Large SHIB holders accumulated massive positions during the 12% price decline, spending approximately $63.7 million on tokens. The cryptocurrency’s burn mechanism virtually halted with a 93.93% decrease in destroyed tokens over 24 hours. Recovery prospects depend on whether whale investors will take profits at the critical $0.00001558 resistance level. Shiba Inu (SHIB) whales are in a feeding frenzy after the cryptocurrency’s price dropped by more than 12% over a 24-hour trading period. Large holders have purchased over 4.66 trillion coins for around $63.7 million during the dip as…

Anchorage Digital, Ethena Labs Announce GENIUS-Compliant Stablecoin: ENA Surges 20%

Key Notes Historic partnership introduces first federally compliant stablecoin for institutional settlement and cross-border payments. ENA governance token jumped 20% before stabilizing at 5-7% gains with $1.04 billion in trading volume surge. GENIUS Act regulatory framework attracts major banks like PNC and JPMorgan to explore crypto lending opportunities. Anchorage Digital, the first federally chartered crypto bank in the United States, has announced a partnership with Ethena Labs to launch the first stablecoin compliant with the new GENIUS Act. The partnership will bring Ethena’s USDtb stablecoin to the US market under…

BlackRock Ethereum ETF Hits $10 Billion AUM as ETH Price Eyes $4,000 Breakout

Key Notes ETHA became the third-fastest ETF to reach $10 billion AUM, following BlackRock and Fidelity’s Bitcoin ETFs in record time. The fund doubled from $5 billion to $10 billion in just 10 days, demonstrating accelerating institutional crypto adoption. Ethereum developers propose increasing gas limits from 36 million to 45 million units to improve network throughput and scalability. The iShares Ethereum Trust ETF (ETHA), which BlackRock manages, has successfully surpassed $10 billion in assets under management (AUM). This announcement comes exactly one year after the fund and others, such as…

Crypto Liquidations Top $1B as Altcoins Face Sharp Correction

Key Notes Total crypto market cap dropped 5% to $3.78 trillion, and nearly $1 billion in liquidations occurred, mainly affecting short-term altcoin traders. While Bitcoin and Ethereum surged during Asian sessions, both the U.S. and Europe saw net selling, indicating profit-taking behavior. Experts, including Michael van de Poppe, view the current pullback as a healthy phase of profit-taking within a larger uptrend. Cryptocurrency market liquidations in the last 24 hours have soared closer to $1 billion, led by a sharp altcoin correction, while Bitcoin BTC $119 410 24h volatility: 1.1%…

Ethereum Eyes Gas Limit Boost as Solana Plans 66% Block Hike

Key Notes Ethereum developers propose increasing the gas limit from 36 million to 45 million units. Around 50% of Ethereum validators already support the proposal. Solana developers also propose raising compute units per block from 60M to 100M under SIMD-0286. Ethereum developers are revisiting plans to expand the network’s block gas limit, this time from 36 million to 45 million units. The proposal, already backed by approximately 50% of validators, aims to boost transaction throughput while easing congestion across the Layer-1 chain. Ethereum co-founder Vitalik Buterin recently reaffirmed the case…

Australian Fintech Finder Beats Regulator in Crypto Yield Case

Key Notes An Australian federal court ruled in favour of Finder, stating that its yield program does not breach financial laws. The court ruled TrueAUD is not money, but property, so it does not count as a money loan or deposit. ASIC’s appeal was rejected, confirming Finder Earn is not a debenture under the Corporations Act. Australia-based fintech firm Finder has won its legal dispute with the Australian Securities and Investments Commission (ASIC) over its crypto yield product, Finder Earn. The case, which spanned three years, concluded on July 24,…

Bitcoin Remains Overbought, PlanB Warns of Extended Rally

Key Notes PlanB forecasted Bitcoin RSI to remain above 80 for months, mirroring past bull cycles. BTC hovers near $118K amid mounting liquidity above spot price, signaling an imminent short squeeze. Technical chart shows a rising wedge with weakening MACD and volatile BoP, suggesting caution. Bitcoin’s BTC $118 692 24h volatility: 0.1% Market cap: $2.36 T Vol. 24h: $54.47 B recent rally to an all-time high of $123,000 may just be the beginning of a sustained period of overbought conditions, according to renowned analyst PlanB. In a recent post on…