On-chain data shows that the Bitcoin short-term holders have switched to loss-taking recently. Here’s what this could mean for the asset. Bitcoin Short-Term Holder SOPR Has Dropped Below 1.0 In a new post on X, the on-chain analysis platform Checkonchain has talked about how the behavior of the Bitcoin short-term holders has changed recently. The…
Chainlink has introduced the Chainlink Reserve, a new onchain treasury designed to accumulate its native token LINK using revenue from both enterprise clients and blockchain services. The initiative aims to support the long-term sustainability of the Chainlink Network by converting off-chain and on-chain payments into LINK through its recently expanded Payment Abstraction infrastructure. In its…
XRP is trading steadily around the $3 mark as the crypto community awaits a key SEC decision regarding Ripple’s appeal withdrawal. If the U.S. Securities and Exchange Commission confirms the withdrawal, analysts predict XRP could break through its immediate resistance at $3.30 and move toward $3.50, with bullish momentum potentially pushing the token as high…
Popular altcoin Solana has seen a modest recovery, climbing upward since August 2. Despite earlier weakness, the token has since rallied nearly 10%, reaching $171.91 at press time. The uptick suggests a potential shift in sentiment, with technical indicators hinting at a continuation of the uptrend. SOL Price Recovery Gains Steam Readings from the SOL/USD…
President Trump signed two crucial executive orders regarding the crypto industry today. One centers on preventing debanking, while the other allows cryptoassets to be included in retirement portfolios like pensions or 401(k)s. These measures both seem likely to encourage further institutional investment in this sector. Trump’s New Executive Orders Explained Since taking office, President Trump…
Solana is seeing a sharp rise in institutional demand, with publicly traded companies now holding over $591 million worth of SOL. According to new data from CoinGecko, four firms—Upexi, DeFi Developments Corp, SOL Strategies, and Torrent Capital—have collectively acquired more than 3.5 million SOL, marking one of the strongest waves of corporate accumulation in the…
The NFT market saw a remarkable resurgence in July, outpacing DeFi in terms of user activity, according to an Aug. 7 DappRadar report. The shift marks a significant milestone and could indicate that NFTs are once again capturing the public’s attention following significant lull that has lasted since their fall in the 2022 bear market….
A new contender has entered the conversation about institutional Bitcoin adoption, and it’s not from Silicon Valley. London-listed Satsuma Technology, formerly TAO Alpha, has completed a massive £163.6 million ($218 million) convertible note financing round, but with an unexpected twist: nearly 60% of it was settled in BTC. According to a recent announcement, a total…
Today, the president of the United States, Donald Trump, signed an Executive Order that aims to allow 401(k) investors access to alternative assets (such as digital assets). According to the official announcement: “The order directs the Secretary of Labor to reexamine the Department of Labor’s guidance on a fiduciary’s duties regarding alternative asset investments in…
Binance Futures is listing perpetuals contracts for two tokens with low market caps: YALA and CARV. These contracts will allow up to 50x leverage, attracting trader interest in this growing market. Both assets spiked in valuation by around 9% after the announcement. Their functions are quite different, related to BTC liquidity and AI, respectively. Binance’s…