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Bitcoin has struggled under $111,000 with losses over the past month, but a key on-chain shift could hint at a rebound. Long-term investors just showed their strongest bullish signal in a month, aligning with supply-in-profit trends that previously triggered rallies.
- LPT surged 1582.54% in 7 days but fell 4914.14% over 1 year, showing extreme short-term volatility vs. long-term decline. - Analysts attribute the rebound to market rotation and speculative trading rather than fundamental improvements in the token's value. - Technical indicators suggest short-term exhaustion near $6.552, with moving averages and RSI signaling potential mean reversion after sharp swings. - A backtesting strategy using 50/200-period MA crossovers and RSI/OBV aims to capture short-term reve
- Jack Dorsey, Block founder, advocates Bitcoin as a payment tool for small businesses and daily transactions, aligning with Block’s fintech integration strategy. - Block enables Bitcoin payments via Square and Afterpay, reducing adoption friction through user-friendly tools and merchant support. - Market challenges like Bitcoin’s volatility and Ethereum capital shifts persist, but decentralized benefits drive adoption despite risks. - Google Cloud and MoonPay expand crypto infrastructure, while U.S. crypt
- Pinecone, a leading vector database provider, is considering a potential sale amid rapid growth and high demand for AI infrastructure. - Its technology enables efficient high-dimensional data retrieval, critical for AI applications like semantic search and chatbots, through partnerships with Anyscale, LangChain, and others. - The company recently raised $100M at a $750M valuation and tripled headcount, adopting Notion to streamline workflows and boost productivity across teams. - Innovations in ANN algor
- Bitcoin's hash ribbon signals rare mining power shift, historically tied to price cycle inflection points. - IREN Limited reports $1B+ annualized mining revenue, shifting ASICs to AI GPUs for dual-use flexibility. - IREN leads Bitcoin mining with 728 BTC output, expanding data centers to boost AI infrastructure capacity. - Analysts urge monitoring hashrate trends and major miners like IREN for broader crypto market insights.
- The Philippines leverages Polygon and BayaniChain to create a blockchain-based, tamper-proof public finance system via Project Marissa. - Key documents like SAROs and NCAs are anchored on Polygon, enabling citizen access through QR codes and online portals to combat corruption. - The initiative aligns with a 2023 "INVISIBLE Government" vision, using BayaniChain’s Prismo Protocol to balance transparency with data privacy. - Market projections show Polygon’s POL token reaching $0.78 by 2025, while the Phil
- Ripple CTO David Schwartz clarifies XRP Ledger's governance aligns with universal blockchain norms, addressing centralization concerns. - Escrow mechanism's monthly XRP releases reduce volatility, enhancing predictability for long-term investors. - Trustlines enable institutions to transact without holding XRP, expanding its utility in cross-border payments and enterprise finance. - SEC's 2025 non-security ruling and potential ETF approvals boost institutional confidence in XRP's regulatory stability. -
- Judy Shelton's Fed nomination could push U.S. monetary policy toward gold-linked systems, boosting gold demand and challenging fiat currency dominance. - Her controversial "unorthodox" views and Trump's attacks on Fed independence risk market volatility and undermine central bank credibility. - Trump's threats to remove Fed officials and impose political control raise concerns about policy efficiency and inflation management amid China tariffs. - Shelton's confirmation hearing on September 4 and Powell's
- Pantera Capital leads $1.25B initiative to transform a Nasdaq-listed firm into a Solana (SOL) treasury vehicle, creating one of the largest institutional SOL holdings. - Growing institutional demand for Solana-based treasuries mirrors Ethereum's 2025 trajectory, with corporate holdings exceeding $820M in SOL. - Market momentum sees SOL surge 7.68% in 24 hours, driven by potential ETF approval and infrastructure growth from firms like Chorus One and Delphi. - Global adoption includes $68M in SOL held by C
- A whale injected $16M USDC into Hyperliquid to manipulate XPL, a pre-launch token, surging its price from $0.60 to $1.80 within minutes and triggering $7.7M in liquidations. - The whale drained 70% of XPL liquidity, placed limit orders at $0.20, and held a $9M–$15M long position, with $1M in unrealized profits despite unconfirmed links to Justin Sun. - The incident exposed vulnerabilities in decentralized exchanges for low-liquidity tokens, sparking calls for better regulation and liquidity management in
- 13:17Brazilian Bitcoin financial listed company OranjeBTC spends $1.94 million to acquire 16 more BTCJinse Finance reported that Brazilian Bitcoin financial listed company OranjeBTC announced it has spent $1.94 million to purchase an additional 16 BTC. As of now, its total Bitcoin holdings have increased to 3,691 BTC, with a year-to-date Bitcoin yield of 1.5%.
- 13:05Certain exchange: Despite the market being severely hit, there is still hope; if Bitcoin holds at $110,000, a rebound may begin.ChainCatcher reported that according to the latest analysis report from a certain exchange Alpha, last week bitcoin dropped from above $126,000 to below $103,310, a decline of 18.1%, triggering the largest nominal value liquidation event in the history of cryptocurrency. However, historically, after such liquidation-driven market sell-offs, the market often experiences a "mechanical" rebound. For bitcoin, if it can recover and maintain above $110,000, it will confirm entry into a stable phase and initiate a rebound target near $117,000 to $120,000; conversely, if it fails to do so, it may face a retest of the $100,000 price area.
- 13:02Sources: SEC Crypto Working Group Chief Legal Advisor Mike Selig Remains Top Candidate for CFTC ChairJinse Finance reported, citing Crypto In America, that the White House is about to make a decision on the candidate to succeed Brian Quintenz as Chairman of the Commodity Futures Trading Commission (CFTC). Two sources close to the process said that Mike Selig, Chief Legal Advisor of the US Securities and Exchange Commission (SEC) Cryptocurrency Working Group, remains the government's top candidate. It is reported that the White House has also begun reviewing potential commissioner candidates to rebuild the five-member committee. The committee is currently led solely by Acting Chair Caroline Pham. After Quintenz was removed last month, industry groups have been pressuring the White House to nominate a candidate who is friendly toward cryptocurrency. Meanwhile, Congress is about to pass a market structure bill that will expand the CFTC's rulemaking authority over the cryptocurrency market. According to sources, the primary criteria for the new candidate include understanding the policies of both the SEC and CFTC, and being able to help the government achieve the goal of coordinating and unifying the regulation of the two agencies. Selig is also a senior advisor to SEC Chairman Paul Atkins. His career began at the CFTC, where he served as a clerk for then-Commissioner Chris Giancarlo, followed by ten years in private practice at Perkins Coie and Willkie Farr & Gallagher, where he was also a member of the firm's digital asset team.