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KAVA is outperforming peers with rising buyer momentum and bullish on-chain indicators. If it breaks above $0.415, a rally to $0.44 may follow.
Bitcoin continues its uptrend, forming higher highs and lows. A 30% rally toward $109,000 could be next.Why Traders Are Watching $109K CloselyWhat to Expect Next
「I didn't intend to crash the stock market, but sometimes you have to take medicine to cure the illness.」
Ethereum has hit its lowest point since March 2023, driven by a plummeting ETH/BTC ratio and weakening demand. However, with an oversold RSI, a potential rebound might be in the cards.
Despite a sharp decline in cryptocurrency prices, experts are optimistic that this market dip mirrors the 2020 crash, potentially offering future opportunities for savvy investors.
Cardano (ADA) faces heightened bearish pressure after a death cross forms on its chart, signaling potential further price declines. With over $150 million in spot outflows, ADA could sink to $0.44 unless buying momentum returns.
- 16:05Chutianlong: Plans to Offer Partner Banks a Cross-Border Settlement Solution Integrating Stablecoins and SIM CardsChainCatcher reports that, according to Zhitong Finance, Chutianlong held an online investor communication meeting on July 21. In response to an institutional investor's question about the company's progress in digital currency business in the first half of this year, Chutianlong replied: First, the company's system development business related to digital currency has grown rapidly, with some system platforms already delivered and operating at certain banks; second, the company continues to strengthen its market position in key areas such as digital currency hardware wallets and issuance and acceptance terminals; third, it is working with outstanding partners to jointly advance cooperation in the field of cross-border payments for digital RMB. In addition, the company is seizing industry opportunities brought by the legalization of virtual asset trading in Hong Kong, planning to build eSIM management platforms for operators and provide partner banks with cross-border settlement solutions that combine stablecoins and SIM cards. As of now, the company's digital currency business revenue has seen some growth compared to previous years, but still accounts for a relatively small proportion of total revenue.
- 16:05Data: Over 90% of Ethereum Addresses Are in Profit, the Highest Level Since December 2024According to ChainCatcher, on-chain analytics platform Sentora (formerly IntoTheBlock) has monitored that currently over 90% of Ethereum addresses are in profit, reaching the highest level since December 2024. Data shows that, as relatively few addresses purchased Ethereum above the current price, there is limited on-chain resistance. The first significant resistance level appears near $4,000, where approximately 2.39 million addresses are still holding Ethereum at a loss.
- 16:04Mercurity Fintech Secures $200 Million Strategic Investment from Solana Ventures to Launch Solana Treasury StrategyAccording to Jinse Finance, digital financial technology group Mercurity Fintech Holding Inc. (NASDAQ: MFH) announced today that it has reached a $200 million equity credit agreement with Solana Ventures Ltd. to launch a digital asset treasury strategy based on the Solana blockchain. MFH’s Solana strategy will focus on three main areas: establishing a high-value digital asset reserve centered on SOL tokens; generating long-term returns through staking, validator nodes, and Solana decentralized finance (DeFi) protocols; and investing in real-world assets (RWA) and tokenized financial products within the Solana ecosystem.