News & Research

Bitcoin is signaling bullishness on technical indicators, raising the possibility of a new all-time high price, according to an analysis published by Cointelegraph. Since 2021, the pattern has formed 19 times on the daily chart, 15 of which have resulted in cycle highs within days or weeks of the pattern's formation.

AI-focused education firm Genius Group announced it will allocate 50% of any future legal settlement proceeds to buy Bitcoin and the other 50% as special dividends to shareholders, according to the GlobeNewswire press release. The company is pursuing over $1 billion in damages through two lawsuits, including a $750 million RICO case and an upcoming suit related to alleged short selling.

U.S. Senator Cynthia Lummis said the Senate plans to introduce a draft bill on crypto market structure ahead of the August recess, with markup expected in September, according to Crypto in America host Eleanor Terrett on X.

Bloomberg ETF analyst Eric Balchunas said on X that cryptocurrency asset manager Bitwise has submitted amended S-1 filings for its spot Dogecoin and Aptos ETFs. He noted the updates are a positive sign, reflecting ongoing engagement from the U.S. SEC and aligning with trends seen in past spot ETF approvals.

Lion Group Holdings, a Nasdaq-listed investment and financial services firm, has made an initial $2 million purchase of Hyperliquid (HYPE) tokens at an average price of $37.30, according to PR Newswire press release. The acquisition is part of its $600 million treasury strategy, with plans to buy more HYPE, Solana (SOL) and Sui (SUI) using proceeds from a recent $11 million funding round.

Analyst PlanB noted on X that Bitcoin's Relative Strength Index (RSI) has reached 70, which may concern traditional investors who see it as overbought. However, he explained that Bitcoin typically trades within an RSI range of 40 to 90, making the current level only slightly above the historical average of 65.

U.S. stock markets have opened higher today. S&P500: +0.37% NASDAQ: +0.31% Dow: +0.28%

Toronto-based investment firm SOL Strategies announced via X the launch of its Strategic Ecosystem Reserve (SER), with an initial acquisition of 52,181 JTO tokens. The reserve is funded through validator revenue to support key infrastructure in the Solana ecosystem, particularly Jito Network's MEV infrastructure.

Judge Analisa Torres of the U.S. District Court for the Southern District of New York has denied a joint request by the U.S. SEC and Ripple for an indicative ruling, according to @EleanorTerrett on X. The request sought to dissolve a permanent injunction and reduce Ripple’s monetary penalty by more than half. The motion was officially terminated on June 26.

After BOBA tokens entered full circulation, a wallet linked to FTX and Alameda transferred all 146 million BOBA tokens—worth approximately $12.22 million—to Coinbase Prime within the past 22 hours, according to on-chain analyst @EmberCN on X. The amount represents 29% of BOBA's total supply. Given the token’s low daily trading volume, the sale is likely to occur via institutional over-the-counter (OTC) deals.