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Biggest Outflows Since March 2025 The cryptocurrency market faced another major blow last week as crypto exchange-traded products (ETPs) recorded $1.43 billion in outflows, marking the largest weekly losses since March 2025, according to CoinShares data. The sharp decline came after a short-lived inflow trend that had previously added $4.3 billion over two weeks. The primary drivers behind these losses were the recent sell-offs in Bitcoin (BTC) and Ether (ETH), which dragged down overall investor sentiment. Bitcoin slipped from $116,000 on August 18 to $112,000 by week’s end, while Ether fell below $4,100 after starting the week around $4,250, according…

NEAR Faces Sharp Correction Amid Market Volatility The price of NEAR Protocol (NEAR) dropped by nearly 7% in the last 24 hours, erasing recent gains and sparking concerns among traders. At the time of writing, NEAR is trading around $2.51, down from a recent local high near $2.80, according to the latest price charts. The 4-hour chart reveals a strong rejection from the $2.80 resistance zone, followed by a steep decline toward the $2.50 mark. The asset tested a critical support region between $2.40 and $2.35, marked by a high liquidity zone, before bouncing slightly. Above the current price, the…

Ethereum co-founder says solving yield gap could boost adoption and volumes Ethereum co-founder Vitalik Buterin has criticized the current structure of prediction markets, saying they are “unappealing for hedging” due to the absence of interest payouts. In a recent post on Farcaster, Buterin explained that most major prediction markets do not pay interest on locked funds, forcing users to give up potential returns from safer options like stablecoin yields. He highlighted that users could earn around 4% annual percentage yield (APY) on stable dollar-based assets, making prediction markets less attractive in comparison. “I expect lots of hedging use cases to…

Metaplanet, a leading Japanese Bitcoin treasury firm, has announced the purchase of an additional 103 BTC worth approximately $11.7 million, as revealed in a disclosure on Monday. The acquisition was made at an average price of $113,491 per Bitcoin, increasing the company’s total holdings to 18,991 BTC. Metaplanet’s President Simon Gerovich confirmed that the firm has now invested $1.95 billion to accumulate its Bitcoin reserves, with an average purchase price of $102,712 per BTC. The company began its Bitcoin accumulation strategy in April 2024 and has rapidly emerged as one of the largest corporate Bitcoin holders globally, ranking seventh according…

BCH Faces Downside Pressure After Key Resistance Test Bitcoin Cash (BCH) has dropped over 6% in the last 24 hours, pulling back from the $600 resistance level as selling pressure intensified. The move comes after a failed breakout attempt, leaving traders cautious about short-term price action. On the 4-hour chart, BCH recently tested the $600–$620 resistance zone, marked by strong selling interest. After multiple rejections, the price slipped to around $565, hovering just above a major demand area near $550–$540. Analysts point to a break of the ascending channel that supported BCH since June, signaling potential trend exhaustion. “A clean…

BitMine Immersion Technologies (BMNR) has significantly increased its Ethereum (ETH) reserves, acquiring over 190,500 tokens last week. This brings the company’s total ETH holdings to 1,713,899 tokens, valued at approximately $7.9 billion at current market prices. The firm also revealed it has $562 million in cash reserves, giving it substantial buying power for future acquisitions. At one point on Sunday, BitMine’s combined crypto and cash holdings reached $8.8 billion, supported by a temporary spike in ETH prices to $4,800. However, the overnight crypto market correction brought ETH down below $4,600, reducing the overall valuation. Strong Fundraising and Market Position Tom…

Grayscale Investments, one of the leading cryptocurrency asset managers, has officially filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) to launch a Spot Avalanche (AVAX) Exchange-Traded Fund (ETF). This move marks another significant step in the growing list of crypto-based investment products that aim to provide traditional market investors with direct exposure to digital assets. What is the Grayscale Avalanche ETF? According to the filing, the ETF will convert Grayscale’s existing Avalanche Trust into a publicly traded ETF, allowing investors to gain exposure to AVAX through traditional brokerage accounts. The proposed fund will trade under the…

Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, continues its aggressive accumulation of BTC despite market volatility. The company purchased 3,081 Bitcoin (BTC) worth $356.9 million last week, according to a filing with the U.S. Securities and Exchange Commission (SEC). The acquisition was made at an average price of $115,829 per BTC, as Bitcoin traded between $116,700 and $112,000 during the week. The latest purchase pushes Strategy’s total Bitcoin holdings to 632,457 BTC, acquired at a combined cost of $46.5 billion, with an average buy price of $73,527 per coin. August Purchases Slow Down Despite this large acquisition, Strategy’s…

Massive crypto shift as whale closes $450M ETH long and adds more to holdings A prominent Bitcoin whale with assets worth over $11 billion is making a bold move into Ethereum, signaling renewed confidence in the altcoin’s upside potential. The investor, who recently sold 22,769 BTC worth $2.6 billion, has reallocated a significant portion of funds into Ether, according to blockchain data. From Bitcoin to Ether: A Strategic Rotation Last week, the whale converted $2.2 billion into 472,920 spot ETH and opened a $577 million Ether perpetual long position on the decentralized exchange Hyperliquid. On Monday, the trader closed $450…

Price faces resistance near $4,780 while key support emerges at $4,460 Ethereum (ETH) has slipped below the critical $4,530 level, signaling a possible shift in short-term momentum. The second-largest cryptocurrency by market capitalization is currently trading around $4,551, down over 1.3% in the last 24 hours, according to recent market data. ETH Faces Strong Resistance Zone Near $4,780 The recent chart pattern shows ETH breaking out of a descending channel before rallying sharply toward $4,780, where it faced significant supply pressure. This zone now acts as a major resistance level, with sellers dominating above $4,750. After failing to sustain the…