Author: admin

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…

Proposed bill aims to store 10,000 BTC as a sovereign asset locked for 20 years The Philippines is considering a groundbreaking move to strengthen its financial security by creating a government-managed Bitcoin reserve. A new bill introduced in Congress proposes the establishment of a Strategic Bitcoin Reserve, modeled after traditional commodity stockpiles such as oil and grain reserves. Philippines Plans Bitcoin Stockpile for Debt Reduction Under the proposed legislation, the Bangko Sentral ng Pilipinas (BSP) would purchase 2,000 BTC annually over five years, resulting in a total of 10,000 BTC. These holdings would be locked for 20 years, with the…

Market Eyes Whether BTC Will Revisit Gap Zone After Weekend Drop Bitcoin (BTC) started the week with a notable CME gap as futures markets opened, drawing attention from traders who closely monitor these imbalances. At the time of writing, BTC trades around $111,642, after dipping from the $116,000 zone. The CME gap appeared between $113,500 and $116,000, a zone highlighted on the chart that remains unfilled. Historically, Bitcoin has shown a tendency to revisit and close such gaps, making this area critical for short-term price action.  BITX  market strategist noted, “CME gaps are not a guarantee, but Bitcoin has a…

The cryptocurrency market has seen massive liquidations totaling $717 million in the past 24 hours, marking one of the largest wipeouts in recent weeks. According to market data, 147,580 traders were liquidated as digital asset prices experienced sharp swings. Breakdown of Liquidations Out of the total liquidations, long positions accounted for the majority of losses, signaling a bullish over-leverage trend that failed amid sudden price corrections. Short positions also faced significant losses, but to a much lesser extent. The largest single liquidation occurred on a BTC/USDT trading pair, valued at several million dollars, underscoring the heightened volatility in Bitcoin futures…

Move aims to create the largest corporate SOL reserve amid growing institutional interest Three major crypto investment firms—Galaxy Digital, Multicoin Capital, and Jump Crypto—are reportedly collaborating to raise $1 billion for a Solana-focused treasury. According to industry sources, the firms have appointed Cantor Fitzgerald as the lead banker for the initiative. Goal: Largest Solana Treasury in History The plan involves forming a digital asset treasury company through a public entity takeover, with a dedicated focus on accumulating Solana (SOL). The Solana Foundation has reportedly endorsed the move, signaling strong institutional backing for the blockchain network. Currently, SOL trades near $199,…

The Trump family’s growing support for cryptocurrency stems from a critical event following the January 2021 Capitol attack, according to Eric Trump, son of U.S. President Donald Trump. Banking System Weaponization Sparked Crypto Pivot In an interview with The Wall Street Journal, Eric Trump revealed that hundreds of Trump Organization bank accounts were abruptly closed by multiple financial institutions after the Capitol incident. He described this as politically motivated and said it left the organization scrambling for alternatives: This experience led the Trump family to embrace crypto, as industry insiders warned that the Biden administration allegedly restricted crypto firms’ access…

A wallet flagged as the “Coinbase hacker” by blockchain security firms has made headlines after purchasing $8 million worth of Solana (SOL) using reportedly stolen funds. $8M Solana Purchase After Bridging USDC According to Lookonchain, the hacker converted DAI to USDC, bridged funds to the Solana network, and bought 38,126 SOL near the $209 mark. With Solana now trading around $202.15, the hacker faces a paper loss on this investment. Blockchain analytics platform Arkham labeled the wallet as connected to the Coinbase hack, with Lookonchain suggesting involvement in the $300 million theft from Coinbase users. Hacker’s Previous Moves: ETH Buys…

Analysts Highlight $5–$8 Targets if Resistance Levels Fall XRP is trading near $2.95, holding firm after a sharp bounce that followed the Federal Reserve’s dovish policy shift. The move has injected fresh momentum into the broader crypto market, and XRP in particular is drawing investor attention as it approaches a key resistance zone around $3.10. The backdrop for XRP remains favorable. Following regulatory clarity after Ripple’s high-profile litigation outcome, the asset has continued to benefit from growing institutional flows. Analysts argue that these flows could accelerate should XRP push decisively above current resistance levels. The chart shows XRP consolidating in…