Ether Treasury Companies to Eventually Own 10% of Supply: Standard Chartered
Corporate treasury participation in ether (ETH) has surged in recent months, with institutional entities now holding 1% of the cryptocurrency’s circulating supply, according to a report from investment bank Standard Chartered (STAN). The bank predicts that ether treasury holdings could reach 10% of total supply over time, a 10-fold increase from current levels. The pace […]
Mill City Ventures Commits $450M to SUI as Primary Treasury Asset
Mill City Ventures III, Ltd. has announced a $450 million private placement to fund a large-scale shift into digital assets. Confirmed by a post on X by Altcoin Daily, all proceeds from the offering will support the acquisition of SUI, the native token of the Sui blockchain. BREAKING – Mill City Ventures (US finance firm) […]
Can SOL Break $230? These Chart Patterns Say Yes
TL;DR Solana has traded sideways for 18 months, unable to close above the $115 support and $230 resistance. Analysts say recent false breakouts may reset the stage for a larger breakout move. Weekly close above $230 could push Solana toward targets near $295 and possibly beyond. Range-Bound Movement Continues Solana (SOL) has mostly traded between […]
ARK Invest Buys the Dip on Ether Strategy Firm BitMine With $18.6M Purchase
ARK Invest bought $18.6 million worth of shares in ether treasury firm BitMine Immersion Technologies (BMNR). Cathie Wood’s investment firm added a total of 529,366 BMNR shares to its Innovation (ARKK) and Next Generations Internet (ARKW) exchange-traded funds (ETFs) on Monday, according to an email notification. BMNR fell more than 11.8% to $35.11 and is […]
Analyst Forecasts Major Surge For Ethereum Price, Eyeing $4,000 In Its Best July Yet
With the Ethereum price experiencing a decline on Monday amid a broader market correction, the altcoin continues to shine with one of its best performances in July to date. Over the past thirty days, the Ethereum price has surged by an impressive 80%, marking a significant recovery after a long period of consolidation and retest […]
Whale Revives Profit-Taking Concerns as Bitcoin Holds Flat: Crypto Daybook Americas
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin’s Asian session bounce from $117,500 ran out of steam near $119,200 during European hours, extending two weeks of directionless trading. The CoinDesk 20 (CD20) Index traded 1.4% lower over 24 hours, with the broader CD80 gauge reporting a 4.6% decline, indicating pronounced weakness in altcoins. […]
Avalanche News: Remittix (RTX) Gains Notoriety Among Analysts as Alternative to HBAR and AVAX
A recent Avalanche news article revealed that AVAX price surged nearly 30% last month, breaking out from a long-term descending channel. This bullish momentum can be attributed to the broad bullish tone in the broader market. While Avalanche news looks all bullish, investors are more interested in Remittix (RTX), which is believed to deliver more. […]
Bitmain to open first US-based ASIC chip factory: Bloomberg
Leading Bitcoin mining ASIC manufacturer Bitmain is set to open its first US-based production facility by early 2026 amid a broader industry shift to the US.
Abraxas Capital Faces $106M in Unrealized Losses From Major Short Positions on Hyperliquid
Abraxas Capital Management, trading under the Heka Funds label, is now holding heavy short positions across five major tokens. Current exposure exceeds $800 million, with losses mounting to over $106 million. The largest open positions are in BTC and ETH, with both trades significantly underwater. These leveraged shorts are positioned on Hyperliquid and remain active […]
RAKBANK becomes the first UAE bank to offer crypto trading for retail
RAKBANK became the first traditional bank in the UAE to enable crypto trading for retail users through its mobile app, powered by Bitpanda.
Is Institutional Profit-Taking About to Derail Bitcoin’s Rally?
Long-term Bitcoin (BTC) holders appear to be taking profits as prices test the $120,000 mark. This has sparked concerns about whether the actions signal cautious profit-taking or a larger trend. Incoming Correction? On-chain data shared by CryptoQuant shows that LTHs have flipped net negative at this key resistance level. This indicates that some are cashing […]
Injective (INJ) Eyes $30 After Breakout and Historic Staked ETF Filing
TL;DR Injective enters the Layer-1 staked ETF race following its first such filing after launching its EVM-compatible beta mainnet. Technical breakout above $15.23 opens path to $25–$30 based on Fibonacci extensions. Injective leads all L1s in code commits and joins the top 10 blockchains by revenue. Cboe Moves to List First Staked INJ ETF in […]