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Solana’s 3.89% recovery tests key resistance at $135, signaling a possible breakout. Increasing active addresses and futures interest boost Solana’s bullish momentum. A break above $135 could push SOL to $165, while failure may lead to a $125 retest.
XRP struggles near $2 as Ripple’s massive token unlock and collapsing network activity drive bearish momentum. Technicals point to $1.90 as a critical support.
LUNC trading volume spikes, sparking speculation of a 600% price surge, with analysts eyeing $0.0004295 as a target. Binance burns 522M LUNC, reducing supply and fueling optimism as total burns surpass 70 billion tokens. The community votes on a burn tax increase, debating whether raising it to 1.5% will boost burns or hinder network activity.
Shiba Inu lost 21% after hitting $0.00001567, facing heavy resistance at that level. Analyst Nebraskangooner warns of a fake breakout and further downside risks for SHIB. Enthusiast JD Hatefi predicts SHIB will go parabolic if Bitcoin hits $150,000.
Institutional strategies around Bitcoin are shifting from speculative bets to income-oriented structures.
Grayscale’s move to convert its Digital Large Cap Fund into an ETF could alter market access for XRP, though macroeconomic headwinds continue to weigh on its short-term outlook.
Worldcoin (WORLD) surged after ChatGPT launched its image-generation feature.
- 05:32Mantle 24-hour increase exceeds 21.06%, ranking second among cryptocurrencies by gainsAccording to ChainCatcher, on August 5, Coinmarketcap data shows that Mantle (MNT) has surged over 21.06% in the past 24 hours and is currently trading at $0.8518, ranking second among cryptocurrencies in terms of gains.
- 05:32Edgen officially launches Aura 2.0, enhancing user contribution recognition and reward mechanismsChainCatcher reports that AI investment assistant platform Edgen has launched a new version, Aura 2.0, upgrading its non-transactional reputation scoring system to enhance transparency in measuring users’ market analysis, prediction accuracy, and social influence. Aura scores will be publicly displayed and can be viewed on X via the Edgen leaderboard and browser extension. The new mechanism enables clear tracking and recording of high-quality content contributions, provides training data for Edgen AI, and increases the weight and visibility of content from users with high Aura scores. Aura 2.0 also introduces a “VIP Invitation Bounty” feature, encouraging users to refer high-impact social accounts to expand the platform’s reach. Backed by Framework Ventures and North Island Ventures, Edgen focuses on integrating crypto and stock market data through AI assistants to optimize investment strategies and market insights.
- 05:26UK Man James Howells Denies Giving Up Search for Lost 8,000 BTCAccording to Jinse Finance, earlier this week, several posts appeared on social media claiming that James Howells, an IT engineer from Newport, UK, had officially ended his search for the 8,000 lost BTC. James Howells responded to The Block via private message on social platform X, stating: "No, I have not 'given up.' The stories circulating externally are partially true, but not as they have been described." Howells explained that on July 1, he formally submitted an offer to acquire and excavate the Newport landfill to the city council leadership, legal team, and a council member, with a value between $33 million and $40 million. To raise acquisition funds, Howells had previously announced plans to launch a token based on Ordinals in October, representing 21% of the lost wallet's value. According to Howells, despite the substantial offer, Newport has not responded to or confirmed receipt of the proposal. "So that's the situation—if they don't sell, there's no need to proceed with a token sale to buy the landfill. I am no longer seeking to purchase the landfill, nor am I moving forward with excavation or recovery efforts, and I am no longer in dialogue with the city council or its representatives." Howells stated that he has merely "shifted" his strategy, but has not given up on recovering the lost Bitcoin, as he remains the legal owner of the 8,000 BTC, citing a High Court ruling from January this year. "The city council may possess the hard drive, but they do not own the digital contents of the drive—these 8,000 Bitcoins legally belong to me, and anyone in the world can verify the balance at any time." Howells said he now plans to tokenize his legal ownership of the lost 8,000 BTC by issuing a Bitcoin Layer 2 smart token called Ceiniog Coin (INI), leveraging the upcoming network upgrade that will remove the 80-byte limit on the OP_RETURN opcode in Bitcoin transactions, thereby unlocking more functional space. The token is expected to launch after October, with an ICO planned for later this year.