The market was waiting for a clear signal from Tuesday’s CPI report but despite no increase in overall prices, certain items saw inflation jump to a two-year high. Ambiguous CPI Figures Leave Bitcoin Flat The U.S. Department of Labor Statistics published its consumer price index (CPI) data for July on Tuesday, revealing lower-than-expected inflation for […] Original
Bitcoin’s charge toward record highs has stalled, with sellers regaining control as profit-taking pressure builds despite signs of renewed market momentum. Summary Bitcoin retreated to $118,782 after nearing its $122,867 all-time high on Aug. 11. Glassnode data shows rising momentum across spot, futures, options, and on-chain activity, but also elevated profit-taking risk. Technicals point to strong $116K–$117K support, with a close above $122.5K needed for fresh highs. Bitcoin’s (BTC) rally toward a new all-time high faltered after touching $122,232 on Aug. 11, with the price retreating to $118,782 at press…
Key Notes Rumble plans to acquire Tether-backed AI firm Northern Data. The deal may be an all-stock exchange worth up to $1.17 billion. Northern Data shareholders could own 33% of Rumble after the acquisition. Video-sharing platform Rumble is planning to acquire Northern Data, an Artificial Intelligence (AI)-based company. To this end, it has informed the company of its intention, indicating a possible all-stock exchange offer for all outstanding shares of Northern Data. Understanding Northern Data and Rumble’s Deal Some sources have reported that Rumble plans to offer up to $1.17…
Blockchain oracle platform Chainlink has partnered with the US-based Fortune 500 company Intercontinental Exchange (ICE) to bring foreign exchange and precious metals data onchain. Chainlink announced Monday that the collaboration will bring ICE’s Consolidated Feed, which aggregates market data from over 300 global exchanges and marketplaces, to the derived data sets that power Chainlink Data Streams. According to Chainlink, these feeds support over 2,000 decentralized applications (DApps) and major financial institutions to provide the market information necessary to operate in tokenized environments. The partnership marks a major step in integrating…
Tether and Rumble proposed to jointly acquire all Northern Data shares, taking full control of the artificial intelligence infrastructure company. According to a Monday Rumble announcement, the deal would build on Northern Data’s existing AI and high-performance computing (HPC) operations. Tether, the issuer of the USDt (USDT) stablecoin and already Northern Data’s largest shareholder, would support the transaction. Tether has hinted at future collaborations involving AI, peer-to-peer communications and data storage solutions. Tether deepens Northern Data ties Tether is the centerpiece connecting every company involved in the potential deal, with…
Bitcoin is holding firm above the $115,000 level after several days of trading below it, signaling renewed strength in the market. The bullish tone is building as Ethereum posts massive gains and altcoins begin to show strong moves over the past few days. For some analysts, this could be the start of the long-awaited altseason; for others, it’s simply the rest of the market catching up to Bitcoin’s earlier rally. Related Reading Top analyst Axel Adler noted that Bitcoin’s price is now trading close to its all-time high, with the…
Opinion by: Mike Haley, CEO of Cifas While the crypto industry is revolutionizing the world of finance, there’s an underlying reality bubbling beneath the surface. Hitting record levels, cryptocurrency scams reportedly accounted for $9.9 billion in 2024 — with 2025’s forecast making for even bleaker reading. Whether in the form of “old wine in new bottles” frauds — such as Ponzi and pump-and-dump schemes or new crypto-specific fraud typologies like address poisoning — the global fraud epidemic is hitting the industry hard and undermining consumer confidence. Criminals are increasingly abusing…
Key Notes Trading volume dropped over 20% to $4.14 billion while open interest rose 1.66%, indicating weak speculator participation overall. Short contracts exceeded long positions across 1h, 12h, and 24h windows, suggesting traders expect the uptick to be temporary. DOGE faces resistance at $0.23-$0.28 range with potential breakout to $0.25 or pullback to $0.18 depending on momentum shifts. Despite Dogecoin’s 3.5% recovery to $0.205 on August 6, derivatives data suggest the rebound lacks conviction. Daily trading volume in DOGE fell over 20%, dropping to $4.14 billion, highlighting weak participation from…
Following another rejection from the $120,000 region on July 21, Bitcoin (BTC) is now holding steady around the $115,000 level. However, realized price data suggests that BTC’s surface-level calm may be nearing its end. Old Bitcoin Whales Stop Realizing Gains According to a CryptoQuant Quicktake post by contributor Kripto Mevsimi, Bitcoin whale behavior indicates that the asset may be walking a tightrope. While “old whales” have stopped realizing profits, newer whales remain slightly in the green – though only marginally. Related Reading Here, old whales refer to large BTC holders…
The month of August has historically been very bearish for the Dogecoin price, and with the new month rolling in already, expectations are that the meme coin will follow this established trend. If this holds, then the downtrend that has already plagued Dogecoin at the end of July could only be the beginning, and the meme coin could end up falling into double-digit losses from here. August Could Turn Red For Dogecoin When looking at past performances of the Dogecoin price over the last 11 years, it is no surprise…