Bitcoin (BTC) and Ether (ETH) began August under pressure as renewed macroeconomic headwinds—including rising U.S. tariffs and a stronger dollar—sparked risk-off sentiment across global markets. Early Friday trading saw Bitcoin drop to $114,290, nearly testing a key bullish trendline drawn from April and June lows. Ether followed suit, falling to $3,616 before rebounding alongside BTC. At the time of writing, BTC trades near $115,900, while ETH recovered to $3,690, according to BITX data. Dollar Surges on Inflation Fears The volatility came as the U.S. Dollar Index (DXY) climbed above 100, marking its highest level since late May. The index, which…
Author: Blockto Team
A wave of profit-taking by early Bitcoin whales is shaking up market dynamics — but analysts insist it’s a sign of healthy evolution, not collapse. Over the past month, several large and long-dormant Bitcoin wallets — including a Satoshi-era whale who sold 80,201 BTC worth $9.6 billion — have offloaded their holdings. While this sparked temporary volatility, the broader trend reveals Bitcoin’s increasing institutional integration. Institutions Replace OG Bitcoiners According to Swan Bitcoin, this marks the largest rotation in Bitcoin’s history, with the “old guard” of libertarian tech adopters giving way to a new class of corporate titans and treasury…
Dogecoin (DOGE) fell sharply by 8% over the past 24 hours, dropping from $0.22 to $0.21 amid a wave of selling pressure. Despite the dip, on-chain data shows institutional buyers quietly accumulating, suggesting smart money is positioning during weakness. Selloff Fueled by Volume Spike and Liquidations DOGE price action intensified late on July 31, as volume surged to 1.25 billion DOGE, more than three times its 24-hour average. The largest drop occurred after midnight, driving prices to a session low of $0.20 before rebounding slightly. Increased trading activity hints at cascading liquidations, likely triggered by over-leveraged longs. The failure to…
Michael Saylor, Executive Chairman of Strategy, has joined a growing number of industry leaders urging U.S. lawmakers to establish a clear digital asset taxonomy. His comments come as both regulators and Congress intensify efforts to define crypto securities, commodities, and tokenization rules. Crypto Taxonomy Essential for Market Clarity During Strategy’s second-quarter earnings call, Saylor emphasized the need for the government to clearly differentiate between digital securities and commodities. He asked: “Under what circumstances can you tokenize a security? What’s a digital security? What’s a digital commodity?” According to Saylor, the absence of definitions creates regulatory confusion, leaving issuers and investors…
XRP fell 8% in 24 hours, slipping below the $3 mark after failing to break resistance at $3.17. A midnight selloff on August 1 triggered a sharp 2.7% hourly drop, with volume spiking to nearly four times its daily average. Heavy Whale Liquidations Signal Distribution Recent on-chain data shows whales have been liquidating roughly $28 million in XRP daily, reflecting consistent distribution trends over the past three months. The largest intraday volume surge—259.21 million XRP units—hit as XRP dropped from $3.02 to $2.94, its session low. Yet, not all activity is bearish. Despite this pressure, over 310 million XRP tokens…
In one of the most aggressive weeks for institutional crypto moves on record, crypto treasury firms earmarked or deployed nearly $8 billion into digital assets. According to Cointelegraph’s review of 16 corporate announcements, this surge marks a massive wave of corporate adoption, particularly targeting Ether (ETH) and a range of high-profile altcoins. Ethereum Dominates as Corporate Favorite Ether (ETH) was the top choice among treasury firms, with over $3 billion in commitments from public companies. BTCS Inc. led the charge, filing to raise $2 billion specifically to purchase ETH. Sharplink Gaming, the second-largest Ethereum treasury holder, added $338 million worth…
Solv Protocol has unveiled BTC+, a structured yield vault designed to help institutional investors earn returns on Bitcoin holdings that would otherwise sit idle. With over $1 trillion in BTC not currently generating interest, the platform aims to fill a growing market gap for secure, yield-generating Bitcoin strategies. BTC+ Targets DeFi, CeFi, and Real-World Asset Yields Solv’s BTC+ vault aggregates Bitcoin capital and deploys it across a mix of decentralized finance (DeFi), centralized finance (CeFi), and traditional finance (TradFi) markets. Yield sources include: The vault integrates Chainlink’s Proof-of-Reserves for transparent, onchain asset verification and includes net asset value (NAV)-based safeguards…
Ethereum (ETH) just closed its strongest month in over three years, surging more than 50% in July, as multiple bullish catalysts—including spot ETF inflows and growing corporate interest—fueled the rally. Spot ETH ETFs Drive $5.4 Billion Inflows A key factor behind Ether’s impressive rally was the $5.4 billion in net inflows into U.S.-listed spot ETH exchange-traded funds (ETFs). Since their approval in early July, these ETFs have provided institutional investors with regulated access to Ethereum, significantly boosting demand. This ETF activity has elevated Ethereum’s status as a mainstream investable asset, similar to what spot Bitcoin ETFs achieved earlier this year.…
Coinbase stock (COIN) dropped sharply in after-hours trading Thursday, declining 7% following the release of its second-quarter earnings, which missed Wall Street expectations. Coinbase Q2 Revenue Falls Short of Analyst Forecasts The crypto exchange reported $1.5 billion in total revenue, slightly below the $1.59 billion estimated by analysts, according to FactSet. Although the figure marks a modest increase from $1.45 billion year-over-year, the results signal a slowdown in revenue growth, especially amid a bullish crypto backdrop. Transaction Revenue Declines Despite Rising Crypto Prices Despite Bitcoin (BTC) and Ethereum (ETH) reaching new yearly highs during the quarter, Coinbase experienced a 39%…
Strategy Inc., the Bitcoin-focused firm co-founded by Michael Saylor, reported a record $10 billion in Q2 profit—yet its stock remains one of the most misunderstood on Wall Street, according to CEO Phong Le. Operating Income Soars 7,100% as Bitcoin Accounting Kicks In Strategy’s operating income jumped to $14 billion, up an astounding 7,100% year-over-year. The company began using fair value accounting this year, enabling it to include unrealized gains from Bitcoin (BTC) on its balance sheet. This shift has drastically improved reported earnings—but the market isn’t fully buying in. “We’re capitalized on the most innovative asset in history,” said Le.…
