Key points:
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Bitcoin witnessed the biggest long liquidation of the year, indicating that bulls are losing their grip over the market.
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Several altcoins are striving to hold on to their support levels but may face solid selling on rallies.
Bitcoin
Crypto Firm Proposes Cutting HYPE Supply by 45%
A crypto asset management firm that holds HYPE — the token behind decentralized derivatives exchange Hyperliquid — has proposed cutting the total supply of HYPE by 45% to make its tokenomics more attractive to investors.
In a post to X
Arthur Hayes Sold Hyperliquid For Ferrari
BitMEX co-founder Arthur Hayes has sold off his entire Hyperliquid (HYPE) stash — seemingly, for a Ferrari — just a month after he tipped the token to surge around 126x over the next three years.
“Need to pay my deposit
BlackRock Leads Spot ETH ETF Inflows With Over $500M, Ethereum Possibly On Track To $5,000
Ethereum’s institutional narrative is strengthening as US-based Spot ETF trackers witnessed another week of inflows last week. BlackRock’s ETHA fund captured the majority of this activity with more than half a billion dollars in new investments, while other ETFs struggled
Crypto Markets Will Rally Once US Treasury Hits $850 Billion Goal: Analyst
Crypto markets will enter “up only” mode once the United States Treasury hits its target goal of filling the General Account (TGA), the Treasury Department’s bank account, with $850 billion, according to Arthur Hayes, co-founder of the BitMEX crypto exchange.
Total Illiquid Bitcoin Has Reached 72% Of Supply, What Does This Mean For Price?
The total illiquid Bitcoin has reached a new high, providing a bullish outlook for the flagship crypto. This refers to the BTC supply that is unlikely to hit the open, given the long-term holding of the investors who own these
Bitcoin Price Capped At $117K, Will Altcoins Rally?
Key points:
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Bitcoin faced significant resistance at $117,500, indicating that the bears are unlikely to give up easily.
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Several major altcoins tried to break above their overhead resistance levels, but the bears held their ground, signaling selling on rallies.
Bitcoin
FTX Recovery Trust Unlocks $1.6B for Creditors This Month
The FTX Recovery Trust, the entity overseeing the distribution of funds from the bankrupt crypto exchange, announced a third tranche of distributions to creditors, worth about $1.6 billion.
According to a Friday announcement, the distribution is scheduled for Sept.
XRP Fractal Suggests Price Could Rise Over 100% To $7 In November
The XRP price is showing signs of repeating a past price pattern that once led to a strong rally. According to crypto analyst Egrag Crypto, this setup suggests a move higher in the weeks ahead. To back the bullish case,
Bank of Canada Eyes Stablecoin Regulation
Canada’s central bank is calling for the country to establish a stablecoin regulatory framework to modernize the payment system and avoid falling behind other countries that are moving forward with such policies.
“Even if you’re on the right track, you’ll
