Author: John Smith
Bitcoin has slipped below $115,000 amid an August correction, but behind the surface, a quiet shift in macro conditions may be laying the groundwork for a sharp reversal. At the time of writing, Bitcoin (BTC) is down 4% over the previous week, trading at $114,295. The pullback is a retracement of about 7% from its all-time high of $122,838 set on July 14. 10x Research points to a possible turning point that may be driven by less obvious macro shifts. Labor market revisions may reshape Fed expectations In its Aug. 4 report, 10x Research argues that Bitcoin’s recent price action…
Metaplanet has purchased additional Bitcoin for its treasury, advancing its goal of holding 210,000 BTC by 2027. Summary Metaplanet added 463 BTC on August 4, bringing total holdings to 17,595 BTC. BTC Yield year-to-date is 170%, with bitcoin per share rising 22× in 11 months. Capital raise, bond redemptions, and expansion targets signal continued BTC accumulation. Metaplanet has acquired 463 additional Bitcoin (BTC) for ¥7.995 billion ($55.17 million) at an average price of ¥17.27 million($119,163) per BTC, according to an Aug. 4 disclosure. This purchase increases the company’s total Bitcoin holdings to 17,595 BTC, valued at ¥261.28 billion ($1.80 billion).…
SharpLink Gaming has continued its aggressive Ethereum acquisition strategy, purchasing another 15,822 ETH worth approximately $53.9 million. Summary SharpLink added 30,755 ETH for $108.6M, bringing its holdings to 480,031 ETH. The entire treasury is staked and leadership includes ex-BlackRock and Consensys executives. Analysts are split, with some praiing institutional momentum and others warning of overvaluation. According to an Aug. 3 post on X by Lookonchain, the firm spent $108.57 million in USD Coin (USDC) over the preceding two days to acquire 30,755 Ethereum (ETH) at an average price of $3,530 per token. With this latest purchase, SharpLink now holds 480,031…
Ripple tumbled to a low of $2.7340 on Sunday, Aug. 3, down by over 22% from its highest point this year. It dropped to its lowest level since July 13, erasing billions of dollars in value. The sell-off followed a wider crypto and stock market downturn fueled by economic concerns tied to President Trump’s new tariffs and a string of weak U.S. jobs data. Bitcoin’s (BTC) retreat from its recent record high, alongside declines in Ethereum (ETH) and Solana (SOL), dragged the entire digital asset space lower. Adding to XRP’s woes, Ripple co-founder Chris Larsen reportedly offloaded over $140 million…
The crypto sector caught the macro blues, tumbling alongside stocks as President Trump’s tariffs and weak jobs report spooked risk markets. Bitcoin (BTC) fell from its all-time high of $123,200 in July to $112,000, and the market capitalization of all coins decreased from $4 trillion to $3.3 trillion. Summary Pi Network price will be in focus as it crashed to a record low. Flare Network will unlock millions of tokens this week. Cardano will unveil the schedule for the Glacier airdrop at the Rare Evo event. Cryptocurrencies and stocks fell as investors adopted a risk-off sentiment following the U.S. announcement…
From market jitters sparked by tariffs to new moves in crypto regulation and ETFs, it was a packed week across the digital asset landscape. Source link
Cryptocurrency entrepreneur Justin Sun soared to the edge of space Sunday aboard a Blue Origin rocket, nearly three years after winning his seat with a $28 million bid. The TRON founder and Trump family ally had initially secured a spot on Blue Origin’s first crewed launch with Jeff Bezos in 2021, but postponed the flight. On Sunday morning, Sun joined five other passengers—including a teacher, a venture capitalist, and a meteorologist—for a brief suborbital ride aboard the New Shepard rocket from West Texas, according to Bloomberg News. The mission marked Blue Origin’s 14th human flight and continued the company’s push…
A previously unreported Bitcoin theft from late 2020 has now been revealed as the largest crypto hack in history. According to a new analysis by blockchain intelligence firm Arkham, 127,000 BTC—worth $3.5 billion at the time—was drained from the Chinese mining pool Lubian on Dec. 28, 2020. The breach went unnoticed for more than four years and eclipses the recent $1.5 billion Bybit breach. Lubian, once a top-10 Bitcoin mining pool that controlled nearly 6% of the global hash rate, abruptly shut down in early 2021. At the time, the crypto community attributed the exit to tightening regulations in China…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Ethereum (ETH) is a public good with a private language problem. It has become the default operating system for decentralized finance, and yet you’d be hard-pressed to find someone outside of crypto circles who could explain what it does or why it matters. This is a failure of communication that can cost Ethereum mass adoption. Summary Ethereum is solving urgent global problems — from remittances in collapsing economies to censorship-resistant payments in conflict zones — but those…
Bitcoin’s price slipped to a key support level on Sunday as investor appetite waned, tariffs rattled markets, and weak U.S. jobs data raised fresh concerns about economic momentum. At last check, Bitcoin was trading just below $114,000. That’s down 3.5% over seven days. See below. Source: CoinGecko Summary Bitcoin price crashed to $112,000, down by 8.9% from its all-time high. The drop occurred after Trump implemented tariffs on specific countries and following the release of weak jobs data. It has formed a break-and-retest pattern, indicating a strong rebound this week. Bitcoin price crashes as risks rise Bitcoin’s (BTC) price retreated…