News & Research

An analysis suggests that Bitcoin could face a correction down to the $103,000 level if it fails to reclaim $114,000 over the weekend. According to Cointelegraph, cryptocurrency trader and YouTuber Sam Price stated that BTC has been in a bearish trend for three consecutive weeks since hitting a new all-time high. He noted that while the $109,000 support level is holding, the decline could deepen if this week's close is below $114,000. Analyst Rekt Capital, who has 550,000 followers, echoed this sentiment, emphasizing that BTC needs to reclaim the $114,000 support level to avoid a prolonged correction.

Ethereum network activity surged in August, with monthly adjusted on-chain transaction volume surpassing $320 billion, according to The Block. This figure, which represents the total value of transactions on the network, marks the highest level recorded since May 2021.

Cryptocurrency ETP issuer 21Shares announced the launch of a Hyperliquid (HYPE) exchange-traded product on the SIX Swiss Exchange. The product will trade under the ticker HYPE and carries an annual management fee of 2.5%.

Bitcoin's market capitalization has now surpassed the combined market caps of Visa and Mastercard, the two largest companies in the global payments industry, Bitcoin Magazine reported via X. According to CoinMarketCap, BTC's current market cap is approximately $2.1819 trillion.

Hong Kong-listed company LineKong announced it purchased approximately $7.85 million in cryptocurrencies during the first half of the year, acquiring 63 BTC, 330.5 ETH, and 6,691.7 SOL.

Eric Trump, the second son of U.S. President Donald Trump, stated that Bitcoin will without a doubt surpass $1 million, according to Bitcoin Magazine. He made the remarks at the Bitcoin Asia 2025 conference in Hong Kong.

Socios.com, the sports token platform under Chiliz (CHZ), announced it has received provisional approval for the European Union's Markets in Crypto-Assets (MiCA) regulation from the Malta Financial Services Authority (MFSA).

Cryptocurrency financial services firm Galaxy Digital has withdrawn 120 BTC, worth $13.2 million, from one of its wallets, according to CryptoQuant analyst Maartunn. The same address also moved 145 BTC ($16.21 million) yesterday. Maartunn noted that while the individual amounts are not large, the frequency of the transfers is noteworthy. In July, Galaxy Digital was involved in a controversial sale of 80,000 BTC on behalf of an anonymous early Bitcoin holder, which triggered a short-term market correction.

Although Binance has traditionally been viewed as a retail-focused exchange, its use by whale investors has surged since the beginning of 2024, according to a CryptoQuant contribution by cryptocurrency analyst maartunn. The analyst noted that the average BTC inflow per transaction on Binance, based on a seven-day moving average, was just 0.8 BTC at the start of last year but has since risen to 13.5 BTC.

An anonymous whale has transferred 8 million FORM tokens ($29.8 million) to exchanges within the past hour, according to on-chain analyst EmberCN. Of that amount, 5 million FORM were deposited to Binance and 3 million to Gate.io. Such large inflows to exchanges are typically viewed as a signal of potential selling activity. The whale still holds 22.03 million FORM.