After a strong five-week rally, Ethereum (ETH) faced a sharp correction this week, dropping nearly 10% and falling briefly below $3,400. However, a massive $300 million whale purchase suggests strong long-term confidence in the cryptocurrency despite short-term volatility. ETH Suffers Weekly Decline as Market Sentiment Shifts The correction ends ETH’s winning streak, as investors lock in profits and global market uncertainty weighs on crypto sentiment. In contrast, Bitcoin’s milder 4.5% loss highlights a temporary sentiment shift away from Ethereum. Ether’s price action signals short-term weakness, possibly triggered by broader de-risking across both crypto and equity markets. Whale Accumulates $300M ETH…
Author: Blockto Team
Cardano (ADA) has shown signs of resilience despite broader weakness in the crypto market. After slipping over the past week, ADA has stabilized above $0.70, sparking renewed interest in its short-term outlook. ADA Technical Analysis Shows Potential Breakout At the time of writing, Cardano is trading at $0.73, up 2% in the last 24 hours. However, it remains down 8% on the weekly chart, reflecting recent pressure from macroeconomic uncertainty and sector-wide corrections. What stands out technically is the symmetrical triangle pattern forming on the daily chart. Historically, breakouts from similar formations have led to price gains of 15%–35%. A…
The largest U.S. tech giants — collectively known as the Magnificent 7 (Mag 7) — are expected to spend a record $650 billion on capital expenditures and R&D in 2025, reflecting a clear bet on digital infrastructure over physical manufacturing. Tech Capex Overshadows Government Spending The Mag 7 group includes Apple, Amazon, Alphabet, Microsoft, Meta, Nvidia, and Tesla. Their combined $650 billion investment surpasses the annual public infrastructure spending of major nations, including the U.K. government’s entire yearly capital investment. This massive tech spending signals a strategic shift away from physical industry (bricks) toward digital innovation (bits). IT Investment Surges…
Bitcoin holders are facing increasing pressure as daily inflows to centralized exchanges rise sharply, signaling renewed selling activity among both whales and retail traders. Over 40,000 BTC Sent to Exchanges at a Loss According to recent on-chain data, short-term Bitcoin holders (STHs) sent more than 40,000 BTC to exchanges on August 1 — the highest figure since mid-July. This mass movement of coins at a loss reflects growing fear in the market. “Short-term holders are bleeding BTC,” notes a leading on-chain analyst, highlighting the loss-induced panic that is contributing to the bearish sentiment. Binance Sees 7,000 BTC Daily Inflows In…
A new report has revealed that traditional banks have invested more than $100 billion in blockchain infrastructure since 2020, marking a decisive shift toward digital transformation in global finance. Banks Accelerate Blockchain Adoption From 2020 to 2024, financial institutions participated in over 345 blockchain-related deals, with a focus on payments, tokenization, and custody solutions. The report highlights a structural shift in how banks are positioning themselves for the digital asset economy. Nearly 25% of these investments were directed toward infrastructure providers that enable asset tokenization and blockchain-based settlements. This indicates that banks are moving beyond experimentation, entering a phase of…
Wall Street Pepe (WSP) is showing strong signs of a potential bullish reversal, forming a hidden bullish divergence at a major technical support zone. As meme coin sentiment rebounds and traders search for high-upside plays, WSP is emerging as a top contender. Hidden Bullish Divergence Signals Momentum Shift Technical indicators on the 4-hour and daily charts are flashing a hidden bullish divergence between price action and the RSI oscillator. While price formed a higher low near the $0.00000790 zone, RSI marked a lower low — a classic setup that often precedes sharp upward breakouts. Hidden bullish divergence often signals trend…
Bitcoin (BTC) could slide back toward $100,000, while Ethereum (ETH) may revisit the $3,000 level, according to Arthur Hayes, Chief Investment Officer of Maelstrom Fund. Citing mounting macroeconomic pressures, Hayes has taken profits and rebalanced his crypto portfolio. Macro Warning: Credit Tightening, Tariffs & Weak Jobs Data Hayes linked the recent crypto market pullback to: “We’re not in a risk-friendly macro environment,” Hayes implied, warning of limited liquidity and uncertain demand for digital assets in the short term. Hayes Sells $13M in ETH, ENA, PEPE According to Arkham Intelligence, Hayes recently offloaded: His wallet now holds $28.3 million, with $22.95…
Ethereum (ETH) continues to attract institutional money, with SharpLink adding another $54 million in Ether to its treasury. The move raises the company’s total ETH holdings to 480,031 ETH, now worth approximately $1.65 billion, based on on-chain data from Arkham Intelligence. $108.57M in 48 Hours: SharpLink’s ETH Accumulation Spree Over the past 48 hours, SharpLink aggressively acquired 30,755 ETH, spending over $108 million in USDC at an average price of $3,530. The largest single transaction included 6,914 ETH, valued at $23.56 million. This rapid accumulation positions SharpLink as one of the largest corporate holders of Ether. The firm’s latest tranche…
Trump Media and Technology Group (Nasdaq: DJT) has officially confirmed that it now holds one of the largest corporate crypto treasuries in the U.S. With $2 billion allocated to Bitcoin and related assets, the company is positioning itself as a major digital asset player. Inside the Q2 2025 Earnings Report In its Q2 2025 financial results, DJT revealed the following: This marks a turning point for DJT, combining crypto exposure with operational gains for the first time. Hybrid Treasury Strategy The $2 billion crypto reserve includes a mix of spot Bitcoin, ETFs, trusts, and derivatives — designed to balance liquidity,…
In a bizarre turn of events, the iconic Satoshi Nakamoto statue in Lugano, Switzerland — a tribute to the anonymous creator of Bitcoin (BTC) — has gone missing. The artist behind the installation and the Satoshigallery project is now offering a 0.1 BTC reward for any information leading to its recovery. A Symbol of Bitcoin’s Global Legacy — Gone The statue, unveiled in October 2024 during the Plan B Forum, was created by Italian artist Valentina Picozzi. Designed as a sight-line illusion, the piece portrayed Nakamoto “fading into code,” aligning with the pseudonymous founder’s mysterious identity. The statue was part…
