Category: Analysis

PENGU Flips BONK as Top Solana Meme Coin

Key Notes PENGU sees 20% daily gains while the broader crypto market remains flat. Pengu’s market cap is currently at $2.72 billion, nearly flipping BONK’s $2.84 billion. PENGU has seen a 4x price surge in the past month, gaining over $2.2 billion in market cap. While the broader crypto market is mostly flat on July 23, PENGU PENGU $0.0443 24h volatility: 18.0% Market cap: $2.78 B Vol. 24h: $2.65 B continues its explosive rally. Currently trading at around $0.043, it gained over 20% in the past day and over 400%…

Korea Warns Against COIN & MSTR in ETF Portfolios

Key Notes Several Korean-themed ETFs have offered exposure to COIN and MSTR stocks, as high as 15%. While active ETFs can adjust holdings, managers of passive ETFs argue they are bound by benchmark indices. Industry insiders question the effectiveness and fairness of restricting only Korean ETFs, while US ETFs drive capital outflows. The Financial Supervisory Service (FSS), South Korea’s top financial regulator, has asked local asset management firms to put a strict cap on exposure to crypto-related companies like Coinbase and Strategy (formerly known as MicroStrategy), and refrain from increasing…

XRP Price Eyes Possible Breakout, Is $15 Cycle Top Locked In?

Key Notes XRP price has eventually breached a $3.50 trendline from Q4, 2024. Traders are now looking forward to further gains in the coming weeks, potentially reaching up to $15. Three technical chart setups showed that a rally to $6 is imminent for XRP in the short term. Ripple-associated XRP XRP $3.44 24h volatility: 1.4% Market cap: $203.75 B Vol. 24h: $6.21 B hinted at a more massive price recovery after its recent breakout from a long season of sideways trading. Since the end of 2024, the price of the…

DOGE Holds Key Support as DogeOS Plans ZK Upgrade

Key Notes DogeOS proposes native ZKP support for Dogecoin to enable advanced off-chain applications. The proposal aims to keep Dogecoin fast while adding interoperability with ZK rollups. DOGE price is currently testing the $0.263 support, with analysts eyeing $0.40–$0.60. Dogecoin DOGE $0.26 24h volatility: 3.7% Market cap: $38.66 B Vol. 24h: $9.19 B is consistently taking steps to evolve from a just-another meme coin into a blockchain with real utility. The ecosystem’s application layer, DogeOS, has recently submitted a proposal to introduce a new opcode allowing the network to verify…

Here’s Why Altseason Might Have Just Started

Key Notes BTC ETFs are seeing outflows while ETH ETFs are gaining traction. The DeFi TVL surpassed $140 billion for the first time in over three years. Bitcoin dominance declined by almost 5%. The past two weeks have been impressively bullish for both Bitcoin BTC $118 249 24h volatility: 0.2% Market cap: $2.35 T Vol. 24h: $49.38 B and many of the altcoins, including Ethereum ETH $3 678 24h volatility: 1.3% Market cap: $444.02 B Vol. 24h: $43.20 B , XRP XRP $3.46 24h volatility: 0.4% Market cap: $204.82 B…

Binance Founder Changpeng Zhao (CZ) Teases Altcoin Season as BNB Price Hits ATH

BNB BNB $793.1 24h volatility: 4.7% Market cap: $110.50 B Vol. 24h: $3.14 B , the native cryptocurrency of crypto exchange Binance, rallied to its all-time high levels earlier today, surging past $800. Founder Changpeng Zhao celebrated the BNB price rally with a gratitude message to all who helped in building the Binance ecosystem. Furthermore, Zhao also teased the beginning of an altcoin season as BNB joins the ranks of ETH ETH $3 683 24h volatility: 1.5% Market cap: $444.85 B Vol. 24h: $43.50 B , XRP XRP $3.47 24h…

Ethereum Price Stays Elevated—Bulls Eye Further Upside

Ethereum price started a fresh increase above the $3,720 zone. ETH is now showing bullish signs and might continue to rise toward the $3,850 zone. Ethereum started a fresh increase above the $3,720 level. The price is trading above $3,670 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,670 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $3,650 zone in the near term. Ethereum Price Aims…

Bitcoin Price Sets Up for Another Move—Can the Bulls Seal the Deal?

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Bitcoin price is eyeing a fresh increase above the $118,000 resistance. BTC must clear the $120,000 resistance zone to continue higher in the near term. Bitcoin started a fresh increase after it cleared the $118,000 zone. The price is trading above $118,500 and the 100 hourly Simple moving average. There was a break above a bearish trend line with resistance at $118,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $120,000 resistance zone. Bitcoin Price Aims…

7th Largest US Bank PNC Partners with Coinbase to Launch Institutional Crypto Services

Key Notes The collaboration enables PNC’s 90,000 corporate clients to access crypto services through integrated banking platforms rather than external exchanges. This partnership represents a broader trend among major US financial institutions embracing digital asset integration following regulatory clarity. PNC joins other major banks like JPMorgan Chase in offering cryptocurrency-related services to meet increasing client demand for digital assets. PNC Bank, the 7th largest bank in the US, announced on July 22 a partnership with Coinbase, marking a significant public move by a major traditional US bank into the digital…

FBI Drops Kraken Founder Investigation as DOJ Closes Jesse Powell Case

Key Notes Federal authorities closed the criminal investigation after finding no evidence of wrongdoing by Powell in the nonprofit case. Court documents reveal Verge Center board members allegedly withheld key communications during civil discovery proceedings. The DOJ’s declination letter helps restore Powell’s reputation as Kraken prepares for potential US public listing. In a major development for the crypto industry, the US Justice Department has quietly ended its probe into Jesse Powell, returning dozens of laptops, phones, and devices seized during a 2023 raid on his home. Contrary to initial media…