Bitcoin has broken down from the two-week consolidation range that held the market between $115,724 and $122,077, reaching a new local low near $114,000. The drop confirms a shift in short-term momentum, putting bulls on the defensive. The $117,000 level—previously a key support zone—now serves as the immediate resistance that must be reclaimed to signal a possible reversal. Related Reading: Bitcoin New Investor Dominance Rises – No Signs of Mass Profit-Taking Yet The breakdown comes at a critical time, as sentiment across the market begins to shift. According to fresh data from CryptoQuant, futures sentiment turned bearish today, falling sharply before bouncing back slightly to 48%. While still close to neutral, any reading below 50% signals bearish dominance in positioning. This adds pressure to an already fragile technical structure and suggests traders are bracing for more downside. Unless bulls can recover $117K quickly and close with strength, Bitcoin risks entering a deeper correction phase. With long-term support levels still intact, the broader bull trend remains in place—but this breakdown marks the first significant loss of momentum in weeks. The coming sessions will be critical in determining whether this is just a shakeout or the start of a larger trend reversal. Bitcoin Advanced Sentiment Index Signals Rising Bearish Pressure Top analyst Axel Adler has shared new insights into the Bitcoin Advanced Sentiment Index, a key metric used to gauge futures market positioning and broader investor mood. According to Adler, the index recently dropped to 40%—a sharp decline that reflected growing risk aversion and bearish positioning. Although the metric has since rebounded to 48%, it remains below the critical 50% threshold, which separates bullish from bearish territory. This rebound signals a temporary pause in negative sentiment, but the broader trend shows a shift from bullish caution to bearish fear. Adler notes that as long as the index remains below 50%, the market lacks the confidence needed to sustain upward momentum. Traders are growing increasingly defensive, reducing long exposure and bracing for further downside. If momentum continues to deteriorate, BTC could test the $112,000 level—the previous all-time high set in May. This zone may act as psychological and technical support, but failure to hold it could trigger a deeper correction. With the Advanced Sentiment Index stuck in bearish territory and price action weakening, the market appears to be entering a riskier phase. While this doesn’t yet signal a full trend reversal, it does reflect growing uncertainty. Until sentiment and price reclaim higher ground, caution is warranted. The next move will likely depend on whether bulls can defend $112K—or if bears gain full control of the trend. Related Reading: Bitcoin Heat Macro Phase Signals Market Sits Between Accumulation And Distribution BTC Loses Key Support After Breakdown Bitcoin has officially broken down from its two-week consolidation range, losing the critical $115,724 support level highlighted in the chart. The price reached a new local low at $114,116 before recovering slightly to the $115,100 zone, where it’s currently attempting to find footing. This marks a significant shift in momentum, as bulls failed to defend the lower boundary of the range, which held firm throughout July. The 12-hour chart shows rising volume accompanying this breakdown, adding weight to the bearish move. BTC now trades below the 50-day SMA ($116,981), confirming weakness in short-term structure. The next major support sits around $112,000—the prior all-time high set in May—which could act as a psychological and technical floor. Related Reading: Whale Buys $153M In Ethereum From Galaxy Digital OTC: Institutions Are Betting Big The 100-day and 200-day SMAs remain well below current price action, suggesting that the macro trend is still intact. However, immediate momentum has clearly shifted, and bulls must reclaim the $117,000 area quickly to invalidate this breakdown. Featured image from Dall-E, chart from TradingView
NewsBTC 2025-08-01 19:30
A wallet has scooped up over 331 million Pi coins during a major price slump, raising questions about insider moves or a strategic bet on Pi’s future.
CoinTelegraph 2025-08-01 19:30
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CoinOtag 2025-08-01 19:28
OpenAI has announced plans to use a new data center in northern Norway to support its artificial intelligence (AI) operations in Europe.
BitDegree 2025-08-01 19:25
With the passage of the GENIUS Act and growing momentum behind the CLARITY bills in Congress, regulatory clarity for digital assets is finally within reach—delivering the legal framework the crypto industry long demanded. But as that clarity arrives, are crypto incumbents the real winners? For years, the dominant narrative from the crypto industry was that unclear regulation and enforcement would straitjacket the industry in the world’s largest economy. It did. Lawsuits crippled startups. Capital left the U.S. Talent flowed abroad. One group suffered most of all: the country’s more than 3,300 U.S. broker-dealers .Bound by federal laws, broker-dealers were forced to sit on the sidelines as billions of dollars flowed into crypto that would otherwise be theirs. Retail investors funded the rapid expansion of Coinbase, Robinhood, and other fintech firms happy to capitalize on demand. Crypto grew in four of the last five years –the only blemish being 2022, marred by the FTX implosion. At the same time, the U.S. brokerage industry sat idle, awaiting guidance on how to issue, trade, and custody these assets. The lack of regulatory clarity didn’t block crypto–it handed the crypto industry a multi-year head start in capturing market share and building brand loyalty. But as regulatory clarity sharpens, does Wall Street have a second-mover advantage in digital assets? The path is becoming clearer. In July, SEC Commissioner Hester Peirce said tokenized stocks are securities and must comply with federal securities laws. Her statement followed Robinhood’s tokenized stock launch in the EU and sent a direct message: any tokenized securities products in the U.S. are subject to federal securities laws. This statement, in line with the SEC’s previous guidance on U.S. capital markets modernization, levels the playing field for both incumbents and disruptors by signaling there will be no circumvention of federal securities laws. Traditional finance and crypto are now on equal footing. Wall Street has moved quickly to offer digital asset products of their own. More than $170 billion in assets flowed into 105 crypto ETFs traded in U.S. markets, with BlackRock and Fidelity amassing more than $100 billion. Large banks–headlined most recently by Citigroup and JPMorgan–are launching stablecoins to ensure payments run over their rails. And it's not just the largest banks: financial technology giant Fiserv will supply regional banks with its new stablecoin, FIUSD. New avenues are providing both retail and institutional investors with opportunities to enter the market. Broker-dealers can offer clients direct exposure to digital assets through a correspondent clearing special purpose broker-dealer without overhauling their infrastructure or applying for new licenses. This opens the door for E-Trade, Merrill Edge, Fidelity, and others to meet client demand for digital assets while staying squarely within the boundaries of U.S. law. Internationally, the trend is also clear. Recently, Standard Chartered became the first global systemically important bank to launch a spot crypto trading desk, offering Bitcoin and Ether to institutional clients. Ironically, it’s now the legacy crypto firms that are racing to embrace the regulated model they once sought to bypass. Firms are acquiring SEC-registered broker-dealers, seeking FINRA membership, and applying for bank charters to extend their offerings into brokerage and banking accounts. SEC Chairman Paul Atkins said in May that “securities are increasingly migrating from traditional (or “off-chain”) databases to blockchain-based (or “on-chain”) ledger systems.” His priorities are to “develop a rational regulatory framework for crypto asset markets that establishes clear rules of the road for the issuance, custody, and trading of crypto assets.” Atkins’ vision for integrating blockchain into existing market infrastructure underscores a fundamental truth: the path forward is not about creating parallel systems, but about upgrading the existing one. This favors firms already steeped in compliance, operations, and investor protections. U.S. broker-dealers can immediately benefit from this given the introduction of correspondent clearing, adherence to existing compliance structures, large customer base, and operational scale. Beyond broker-dealers, the opportunity is now for Wall Street to lead the development of digital markets in the U.S. and cement the country’s position as the global leader in capital formation, market integrity, and financial innovation. Wall Street has the infrastructure, regulatory clarity is taking shape, and investor demand is there. The question now is who will lead the next chapter.
CoinDesk 2025-08-01 19:25
Cardano (ADA) could be on the verge of a substantial price surge, with leading analyst Ali Martinez pointing to a setup that resembles the 2020–2021 bull run. In a post on X today, Martinez shared a side-by-side comparison of ADA’s current trajectory and its historical price movement, suggesting that a breakout may be brewing.Cardano Repeats History — SlowlyMartinez observed that ADA's current price behavior mirrors its previous cycle, albeit with a slower pace of development. Despite this delay, there are structural similarities. This has raised expectations for a significant upward move in the coming months.Martinez’s analysis uses Fibonacci extensions to compare ADA’s 2018–2021 and 2022–2025 cycles. Specifically, in the earlier run, Cardano soared from $0.0944, which aligned with the 0.382 Fibonacci level, to over $3, an impressive 32x jump.Currently trading around $0.72, ADA is hovering just below the 0.5 Fibonacci retracement level at $0.85. According to Martinez, the current position is similar to the historic breakout that led to a 30x surge for ADA.Notably, the projected Fibonacci targets point to potential upside levels for ADA, including reclaiming its previous cycle peak of $3.09 (1.0 extension) and a further expansion to $4.19 (1.272 extension). In the most bullish scenario, Cardano could rise to $6.25 or higher, aligning with the 1.272 Fibonacci level. Cardano weekly chart by Ali Martinez Though the market is moving more gradually this time, Martinez notes that the technical structure remains bullish. ADA initially broke out significantly in December 2024, surpassing $1.23 before cooling off. The coin has since struggled to regain bullish momentum following that retracement.ADA Cup and Handle Pattern Supports Bullish BreakoutOther analysts, such as Crypto Smith, have also identified long-term bullish patterns. Smith recently pointed to a “cup and handle” formation on ADA’s chart. He also noted signs of whale accumulation tapering off, suggesting a major rally to $4 could follow. Developer Activity Strengthens FundamentalsMeanwhile, on the development front, Cardano continues to demonstrate strong on-chain growth. The network has surpassed 300,000 deployed smart contracts. This marks a major milestone since smart contract functionality was introduced through the Alonzo upgrade less than four years ago.The uptick in smart contract deployments underscores increased dApp adoption and growing developer engagement, adding fundamental support to ADA’s bullish technical outlook.
The Crypto Basic 2025-08-01 19:25
BitcoinWorld AI Valuation Explodes: Can the Market Sustain Unprecedented Growth? The cryptocurrency world often mirrors the rapid shifts seen in broader technology markets. Just as digital assets experience cycles of immense growth and correction, the artificial intelligence sector is currently navigating an extraordinary boom. From Meta’s aggressive pursuit of top engineers to Anthropic’s astounding valuation, the AI valuation landscape is witnessing an influx of capital that prompts a fundamental question: does AI have a ceiling? Understanding the AI Valuation Boom The current AI market presents a picture of rapid expansion and significant capital commitment. Companies are attracting unprecedented funding rounds, reflecting investor confidence in AI’s transformative potential. Anthropic, for example, is reportedly preparing for a new funding round that could push its valuation to a staggering $170 billion, nearly tripling its worth in a short period. This rapid increase underscores the intense demand and perceived value within the AI space. Such figures highlight the ongoing investment frenzy, where the promise of AI innovation drives valuations to new heights. The Fierce AI Talent War The race for AI dominance is not just about funding; it is also a fierce battle for human capital. The AI talent war is intensifying, with tech giants like Meta offering extraordinary compensation packages to secure top AI professionals. Reports indicate Mark Zuckerberg himself is engaging with recruits, extending offers that can exceed $1 billion over multiple years. Meta’s latest target, Mira Murati’s new startup, Thinking Machines Lab, exemplifies this aggressive recruitment strategy. This intense competition for skilled individuals demonstrates that human expertise remains a critical bottleneck and a highly valued asset in the AI development cycle, pushing compensation to unprecedented levels. Navigating AI Market Sustainability While the flow of money into AI is undeniable, it raises important questions about AI market sustainability . The current environment, characterized by skyrocketing compensation and massive funding rounds, prompts observers to consider how long this pace can continue. Experts discuss whether the market can absorb such rapid investment without creating bubbles or unsustainable expectations. The discussion revolves around the long-term viability of these valuations and the potential for a market correction if returns do not materialize as quickly as projected. This ongoing dialogue is crucial for understanding the future trajectory of AI investment. The Escalating AI Chip Race Underpinning much of the AI boom is the critical need for advanced processing power, leading to an escalating AI chip race . Companies are investing billions in developing and securing the hardware necessary to train and deploy complex AI models. Examples include Groq’s recent $600 million raise aimed at its chip development and Tesla’s substantial $16.5 billion deal with Samsung for chip supply. This race is further complicated by geopolitical tensions, particularly concerning chip exports to China, which can impact supply chains and global technology access. The availability and advancement of these specialized chips are fundamental to the continued progress and expansion of AI capabilities. Broader Tech Investment Trends The AI surge is part of a wider landscape of significant tech investment . Beyond AI-specific ventures, other sectors within technology are also experiencing notable growth and valuation shifts. Figma’s impending IPO, for example, is generating considerable anticipation ahead of its NYSE debut, indicating strong investor interest in design software. Similarly, Ramp’s rapid ascent to a $22.5 billion valuation in just 45 days showcases the swift capital deployment in financial technology. Even government programs, like the Pentagon’s Golden Dome defense initiative, are drawing attention from startups, although their impact on broader tech investment trends remains a subject of discussion. These diverse investment activities highlight a vibrant, though sometimes unpredictable, technology funding environment. The current AI market is characterized by remarkable financial activity, from record-breaking valuations to intense talent acquisition battles and a critical chip race. While the potential of AI is immense, the sustainability of this rapid growth remains a key concern for investors and industry watchers. The dynamics observed today will likely shape the future of technology and its integration into various aspects of daily life. Understanding these trends is vital for anyone looking to navigate the evolving digital landscape. To learn more about the latest AI market trends, explore our article on key developments shaping AI features. This post AI Valuation Explodes: Can the Market Sustain Unprecedented Growth? first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin World 2025-08-01 19:25
The UK’s financial watchdog is preparing to lift restrictions on crypto exchange-traded notes (cETNs) for everyday investors, expanding access beyond institutional players for the first time. On Friday, the Financial Conduct Authority (FCA) announced it will soon allow retail investors in the UK to buy and trade crypto ETNs, a financial product previously available only to institutional investors. The regulator said the decision reflects the growing mainstream adoption and understanding of crypto-backed financial instruments.In a public statement , David Geale, Executive Director of Payments and Digital Finance at the FCA, noted that the market has changed since retail access to cETNs was restricted. He said that greater transparency and oversight now make it possible to give consumers more options, without compromising essential protections.A Move Toward Global HarmonizationWith this policy update, the UK joins countries like the United States, Canada, Hong Kong, and members of the European Union in opening up crypto-linked investment options to non-professional traders. However, only crypto ETNs listed on recognized investment exchanges (RIEs) approved by the FCA will qualify for retail access.Unlike spot crypto ETFs in the U.S., which hold actual digital assets like Bitcoin or Ethereum, crypto ETNs do not. Instead, they are structured as debt obligations. Rather than owning the asset itself, the issuer promises to deliver returns that closely track the asset’s price, minus any associated costs. As a result, ETNs offer a way to gain exposure without directly holding the crypto.Risk Warnings and Regulatory SafeguardsWhile the FCA's decision introduces new opportunities for everyday investors, the agency has emphasized the need for caution. Crypto ETNs will not be covered under the Financial Services Compensation Scheme (FSCS), meaning consumers won’t have protection in the event of issuer failure.Firms selling these products must comply with the FCA’s Consumer Duty rules. This means they must ensure that marketing and product design serve the best interests of customers. Additionally, financial promotion rules will remain in force, requiring clear, non-misleading disclosures about the risks involved.Crypto Derivatives Ban RemainsDespite the updated stance on crypto ETNs, the FCA has reaffirmed its ban on retail trading of crypto derivatives, citing high risk and market volatility. The agency stated that it will continue to monitor the space and adjust its approach to high-risk products when necessary.Over the years, the FCA has gradually eased its hardline stance on digital assets . Since January 2021, it has barred retail access to both crypto ETNs and derivatives. In March 2024, it began allowing professional investors to access regulated cETNs listed on UK exchanges. Among these are products launched on the London Stock Exchange by 21Shares, WisdomTree, and Invesco.While these products attracted modest trading volumes, analysts have predicted that retail access could significantly boost interest and liquidity. Broader Crypto Oversight in the WorksThe UK government seeks to make the country a global hub for crypto innovation, and the FCA is playing a central role in this strategy. To support this effort, a comprehensive regulatory framework covering stablecoins, staking, lending, custody, and trading platforms is currently under consultation. Its implementation will be by 2026.Notably, the FCA has stated that the rollout for retail access to crypto ETNs will be by October this year.
The Crypto Basic 2025-08-01 19:24
Artificial intelligence giant OpenAI has received a new investment of $8.3 billion, thanks to its rapidly growing business volume. Following the development, volatility increased in the price of CEO Sam Altman-linked altcoin World (WLD). Related News: What Does the Latest US Nonfarm Payroll Data Tell Us? Experts Weigh In The funding round, part of the company's total $40 billion investment round, closed earlier than expected and was five times oversubscribed, according to a source familiar with the matter. OpenAI's annual recurring revenue rose from $10 billion to $13 billion in June and is expected to surpass $20 billion by year-end. The number of paid ChatGPT business users, in particular, has grown from 3 million to 5 million in just a few months. Dragoneer Investment Group contributed $2.8 billion to the investment round, while Blackstone, TPG, T. Rowe Price, Fidelity, Founders Fund, Sequoia, Andreessen Horowitz, Coatue, Altimeter, D1 Capital, Tiger Global and Thrive Capital were also among the major investors participating. According to sources, Dragoneer is the largest contributor in this round, while SoftBank remains the lead backer of the $40 billion overall funding round. *This is not investment advice. Continue Reading: Major Company Raises $8.3 Billion in Funding, Volatility Increases in Related Altcoin Price
BitcoinSistemi 2025-08-01 19:24
Donald Trump has banked $274 million in political cash, pulled together through massive donations from top names in tech, oil, and crypto in just six months. The massive fundraising happened between January and June, and was revealed in new filings on Friday to the Federal Election Commission. According to the filing, the money came through three leadership PACs, joint committees, and MAGA Inc., his super PAC. The goal? Back Republican candidates in the upcoming midterms as Trump defends his grip on Congress. A huge portion of that haul, $236 million, landed in the first half of the year alone. Trump, now serving his second term in the White House, has used his access and position to organize elite fundraising events and draw in support from some of the richest people in the country, including donors tied to crypto, finance, and energy. Elon Musk, Jeff Yass, and crypto giants send millions to MAGA Inc. MAGA Inc., the main super PAC aligned with Trump, pulled in $177 million during this period. That was helped by four separate fundraising dinners charging $1 million per plate, along with a fifth event aimed at crypto and AI investors that required a $1.5 million buy-in. The dinners were hosted by Trump himself and targeted donors in sectors his administration has openly prioritized this term, especially cryptocurrency and artificial intelligence. The FEC filings don’t say who attended, but they do show who paid. Jeff Yass, co-founder of Susquehanna International Group and major investor in TikTok’s parent ByteDance Ltd, gave $16 million. Kelcy Warren, the pipeline billionaire, and his company Energy Transfer LP gave $25 million. From crypto, the parent company of Crypto.com, Foris DAX Inc., sent $10 million, and Blockchain.com Inc. added another $5 million. Two more names from Silicon Valley, Marc Andreessen and Ben Horowitz, each sent in $3 million. The Winklevoss twins, Tyler and Cameron, who run the crypto exchange Gemini, jointly gave just over $2 million. Musk writes Trump a $5M check, even after quitting White House post One of the more surprising donations came from Elon Musk. Despite quitting his role as head of the Department of Government Efficiency in late May and criticizing the administration’s tax and spending package, Elon donated $5 million to MAGA Inc. on June 27. That same day, he gave another $10 million total to two GOP-focused super PACs in the House and Senate. Then, in July, Elon said he plans to launch a third party. The financial advantage this gives Trump over Democrats is clear. The Democratic National Committee reported raising just $69 million so far this year. Their main super PAC, Future Forward, collected only $1 million. And according to the DNC’s own post-election report, Future Forward’s ad campaign hurt Kamala Harris during her failed 2024 run. While big-money donors dominate this cycle, small donors, once the core of Trump’s base, are slowing down. Contributions under $200 brought in only $22 million, most of it through the Trump National Joint Fundraising Committee, which splits money with the Never Surrender PAC and the Republican National Committee. By the end of June, Never Surrender, Save America, and Make America Great Again PAC reported having $41 million left in cash. But they burned through $26.5 million, including $6 million for legal fees alone. That’s because Trump is still dealing with major legal problems that haven’t gone away. The president is appealing his 2024 conviction on 34 felony counts tied to hush-money payments to adult-film actress Stormy Daniels, as well as challenging a massive civil fraud ruling about inflating real estate values, with fines now topping $500 million. And then there’s the $83.3 million defamation judgment owed to writer E. Jean Carroll, which he’s also trying to overturn. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.
Cryptopolitan 2025-08-01 19:22
Crypto market today: key points
U.Today 2025-08-01 19:19
The newly launched Solana CME futures achieved another monthly peak in July, with open interest growing by 370% against the previous month. The potential for an ETF launch also boosted trading volumes. Interest in SOL futures trading on CME kept growing in July, as the product completed its first three months. Both open interest and trading volumes reached previously unseen levels. Solana futures on CME picked up in July following a slow start. | Source: IntoTheBlock CME open interest for SOL expanded by 370% for the past month, reaching as high as $800M. The increasing volumes follow the launch of the first Solana spot ETF with staking, as reported by Cryptopolitan in early July. SOL futures trading volume expanded from $2.2B in June to $8.1B in July, with a constant expansion streak so far. Solana futures have been trading since March 17, in batches of 25 SOL and 500 SOL. The launch coincided with a crypto-wide slump, initially achieving minimal interest. SOL futures picked up on CME following the overall market recovery and the expectation of additional ETF approvals. SOL open interest peaked in July SOL open interest peaked at over $5B on July 14, driven by the general market exuberance. Since then, SOL has seen multiple liquidations as the price corrected to a lower range. In the past 24 hours, $92M were liquidated on centralized markets and DEX. On-chain liquidations reached $77.45M, with just $43.39M on centralized exchanges. At the end of the month, open interest took a step back to $4.6B, based on liquidations on centralized exchanges and DEX. The market price of SOL hinges on a mix of spot demand for fees or DeFi, and the sentiment of the derivative market. Recently, SOL swept the long open interest to under $170. The token may recover based on a short squeeze aiming to grab the liquidity deployed at $182. Solana stablecoin transfers surge in July The Solana ecosystem got a boost from new stablecoin minting in July. Circle injected 11% of the Solana USDC supply in the past month, with the total rebounding to $12.2B. Stablecoin transfer volume was also 53% higher in July, surging to $215B, of which $185 was from USDC transactions. DEX swap volumes also grew to over 900M daily on average, with USDC at one point contributing to $1.92B in daily volumes. An additional $690M of assets were bridged from other chains to Solana. The chain’s activity also meant fees surpassed all other L1 and L2 for the tenth month in a row. Solana became an even more active venue for meme tokens, with the surge of LetsBonk, which managed to displace the former leader, Pump.fun. July was also a highly successful month for Solana-based lending. Kamino emerged as the leading Solana app in terms of total value locked, surpassing even the Jito validator. Kamino was key in tapping the value of memes while releasing additional USDC liquidity. Currently, Solana is positioned as a chain tapping both crypto natives and institutions, through its upcoming ETF. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.
Cryptopolitan 2025-08-01 19:18
