It has been analyzed that Sei (SEI) is about to see a full-fledged rise. On the 27th (local time), cryptocurrency analyst Ali Martinez stated on X (formerly Twitter), "A high level of similarity has been found between the Sui chart and the Sei chart," and added, "Now is the time to buy ahead of the rise." Previously, based on a triangle convergence pattern, he predicted a 40% surge for Sui.
There is a claim that the next major support level for Bitcoin (BTC) is $106,000. On the 27th (local time), crypto asset (cryptocurrency) analyst Ali Martinez stated on X (formerly Twitter), "Bitcoin is falling below its support line" and added, "The next key support level will be $106,000." He further mentioned that "the $100,000 support level is also still in place." As of 3:11 PM, based on the Binance USDT market, Bitcoin is trading at $111,310, up 0.97% from 24 hours earlier.
It has been reported that Canary Capital has submitted an application (S-1) for the OfficialTrump (TRUMP) exchange-traded fund (ETF). On the 26th (local time), James Seyffart, an ETF analyst at Bloomberg, announced on X (formerly Twitter), "Canary Capital has submitted an OfficialTrump ETF application to the U.S. Securities and Exchange Commission (SEC)."
Nasdaq-listed company CEA Industries has revealed that it holds 350,000 Binance Coin (BNB). According to GlobeNewswire on the 26th (local time), CEA Industries announced in a press release, "The amount of BNB we have accumulated has surpassed 350,000," adding, "This is an increase of more than 150,000 from the initial holding of 200,000 BNB." It further stated, "We have strengthened our position as the world's largest BNB reserve company." David Namdar (David Namdar), CEO, said, "BNB is already the cornerstone of the virtual asset (cryptocurrency) market," and "We are pleased to contribute to global adoption."
Cronos (CRO) is set to become the platform token for former U.S. President Donald Trump's social media service, 'Truth Social'. On the 26th (local time), Kris Marszalek, CEO of Crypto.com, announced on X (formerly Twitter) that "as part of a strategic partnership, Cronos will be Truth Social's platform token." He also commented, "The 'Trump Media Group CRO Strategy' will hold its CRO reserves permanently" and added, "We plan to gradually increase holdings by staking CRO." Meanwhile, the Trump Media Group CRO Strategy announced a $6.42 billion Cronos reserve plan. Upon completion of the merger, it is expected to become the world's largest Cronos holder.
Trump Media & Technology Group has reportedly entered into a final merger agreement to establish a Cronos (CRO) reserve entity. According to GlobeNewswire on the 26th (local time), Trump Media Group has signed a final merger agreement to establish 'Trump Media Group CRO Strategy, Inc.' for the purpose of reserving Cronos. Once the merger is complete, Trump Media Group CRO Strategy, Inc. plans to hold 6,313,000,000 CRO valued at approximately $1 billion. This amount represents 19% of Cronos' total market capitalization. In addition, it has secured $420 million in cash and a $5 billion stock credit line from .YA II PN, Ltd to be used for CRO reserves. As a result, Trump Media Group CRO Strategy, Inc. is expected to become the first and largest Cronos reserve entity. 'Yorkville Acquisition', which participated in the merger, commented, "It will become the company with the largest virtual asset reserves relative to its market capitalization." Following the news, Cronos also surged. As of 9:54 PM, according to CoinMarketCap, Cronos was trading at $0.1939, up 23% compared to 24 hours ago.
Nasdaq-listed online technology company SharpLink Gaming has reportedly made an additional purchase of 56,533 Ethereum (ETH). On the 26th (local time), SharpLink Gaming announced via X (formerly Twitter), "We have additionally purchased 56,533 ETH," and stated, "The average purchase price is $4,462." The company further noted, "Currently, we hold approximately 797,704 ETH." Additionally, SharpLink Gaming indicated the potential for further purchases, mentioning, "We still have more than $200 million in unused cash."
The U.S. Secretary of Commerce argued that interest rates need to be lower. According to Walter Bloomberg on the 26th (local time), Secretary of Commerce Howard Lutnick stated, "Interest rates need to go lower," adding, "We all agree on this." Previously, Morgan Stanley projected that starting in September, the Fed would lower interest rates by 25bp.
Global cryptocurrency exchange Binance is listing BNB Attestation Service (BAS) perpetual futures. On the 26th (local time), Binance announced on its official website, "Today at 22:30 (KST), BNB Attestation Service perpetual futures will be listed." Up to 50x leverage is supported.
An analysis has suggested that a large amount of Bitcoin (BTC) has flowed into exchanges. On the 26th (local time), cryptocurrency analyst Ali Martinez announced on X (formerly Twitter) that "20,000 BTC have flowed into crypto exchanges over the past two weeks," adding that "this amounts to approximately $2.4 billion." Typically, large deposits of coins into exchanges can lead to increased selling pressure, which may cause greater short-term volatility.
A forecast has emerged that the U.S. Federal Reserve (Fed) will start cutting interest rates beginning in September. According to Walter Bloomberg on the 26th (local time), Morgan Stanley stated, "The Fed will begin lowering rates starting this September," adding that "Fed Chair Jerome Powell expressed strong concerns about labor market risks in his Jackson Hole speech." Furthermore, Morgan Stanley said, "We expect a 25bp cut next month," and added, "An additional rate cut will be implemented in December." The institution projected that the easing cycle would continue. The report emphasized, "A 25bp cut is expected each quarter thereafter, with the final rate reaching 2.75%~3.0% by the end of next year."
It has been revealed that the Phase 2 Virtual Asset Bill (Business Regulation Act) will be ready by the upcoming regular session of the National Assembly. On the 26th (local time), Byung-Hwan Kim, Chairman of the Financial Services Commission, stated at the 2nd plenary meeting of the National Assembly’s Political Affairs Committee, "We will prepare so that the Phase 2 Virtual Asset Bill can be discussed during the upcoming regular session of the National Assembly." In response to a question about the FSC's position on the Business Regulation Act, he said, "We plan to include the establishment of a formal system and regulatory measures for virtual assets as a business in the Phase 2 Bill," adding, "There is a need to coordinate opinions on how to address the recently discussed stablecoins." He added, "As soon as the discussions are concluded, the government will organize its position and provide an update."
A significant portion of decentralized finance (DeFi) assets has been deposited in Ethereum (ETH). On the 26th (local time), Centora (formerly IntoTheBlock) announced on X (formerly Twitter) that "currently, Ethereum accounts for 62% of the total value locked (TVL) in DeFi" and that "the share has been steadily increasing since April." As of 8:46 PM, Ethereum is trading at $4,413 on the Binance USDT market, down 3.93% from 24 hours ago.
There is a claim that market interest is shifting from Bitcoin (BTC) to Ethereum (ETH). On the 26th (local time), cryptocurrency analyst Merlijn Mertens stated on X (formerly Twitter), "Bitcoin is stepping back," and, "Market liquidity is shifting to Ethereum and altcoins." He added, "Capital rotation can be clearly observed." Mertens emphasized that attention should be paid to this change. He suggested that disregarding these signals would cause one to lag behind the bullish trend, rather than leading it, and indicated the importance of focusing on Ethereum investment.
A claim has emerged that if Bitcoin (BTC) investment is implemented in US retirement pension 401(k) plans, the market capitalization could increase by 7.4%. On the 26th (local time), The Data Nerd, an on-chain analyst, stated on X (formerly Twitter), "Recently, US President Donald Trump allowed retirement pensions to invest in virtual assets," adding, "Even if just 1% of retirement pension assets are allocated to Bitcoin, the market cap could increase by 7.4%." The size of retirement pension assets under management is reportedly about $16.8 trillion. Additionally, he predicted participation from other countries. He said, "Due to the policy change in the United States, it is expected that other countries will also permit retirement pension investments in virtual assets," adding, "This is a monumental moment for global adoption of virtual assets."
It has been reported that Bitwise has submitted an application (S-1) for a Chainlink (LINK) Exchange-Traded Fund (ETF). According to Eric Balchunas, a Bloomberg analyst, on the 26th (local time), Bitwise submitted the Chainlink ETF application to the U.S. Securities and Exchange Commission (SEC). As of 8:08 PM, Chainlink is trading at $23.54 on the Binance USDT market, down 3.76% from 24 hours ago.
As Ethereum (ETH) is declining, it appears that an anonymous whale has started buying. On the 26th (local time), AshCrypto, a virtual asset analyst, revealed on X (formerly Twitter) that "as the market plunged, a whale bought 10,000 ETH," adding, "This amounts to approximately $44.2 million." He continued, "Smart money continues purchases amid the fear of decline."
Thailand-listed company RSXYZ PCL has announced a plan to accumulate Bitcoin (BTC). On the 26th (local time), RSXYZ stated on its official website, “We plan to raise $5.8 million through a third-party share allotment,” and “90% of the funds raised will be used for Bitcoin accumulation.” The remaining 10% will be allocated to Bitcoin and Web3-related businesses. Additionally, a Bitcoin accumulation target was presented. RSXYZ said, “Our goal is to hold 3,333 BTC within three years,” and “We aim to become a leading Bitcoin holding company in Thailand.”
Cryptocurrency exchange Bitpanda has clarified that a listing on the London Stock Exchange (LSE) is not being considered. On the 26th (local time), Bitpanda co-founder Eric Demuth said in an interview with the Financial Times, "Bitpanda is actively considering an initial public offering (IPO)," but added, "It will not be on the London Stock Exchange." He further explained, "The London Stock Exchange is poor in terms of liquidity. It will take time to recover." Bitpanda is reportedly considering a listing on the Frankfurt Stock Exchange or the New York Stock Exchange. However, no specific timeline has been announced. The outlet noted, "Low liquidity at the London Stock Exchange was the main factor in this decision," and added, "Many companies are already moving from the London Stock Exchange overseas."
There is an opinion that Solana (SOL) is the future of the stablecoin market. On the 26th (local time), Greg King, CEO of REX Financial, stated in an interview with Bloomberg, "Solana is faster than Ethereum (ETH)," and added, "Regarding the criticism that all stablecoins are being created on Ethereum, I think that greatly underestimates Solana’s capability." He went on to say, "Solana is the future of stablecoins." Meanwhile, REX Financial is the issuer of 'Solana Staking ETF (SSK)', the first Solana exchange-traded fund in the United States.
An analysis suggests that the major support range for Bitcoin (BTC) is around $103,500. On the 26th (local time), Axel Adler Jr., a contributor to CryptoQuant, stated on X (formerly Twitter), "The key support zone for Bitcoin is in the $100,000~$107,000 range," adding, "This range is where the Realized Price for short-term holders and the 200-day Simple Moving Average (SMA) intersect." He further explained, "If this support level collapses, Bitcoin may fall as low as the $92,000 support level."
Cryptocurrency investment firm Pantera Capital is reportedly set to accumulate Solana (SOL) through a publicly listed company. On the 26th (local time), The Information, citing sources familiar with the matter, reported, "Pantera Capital plans to raise up to $1.25 billion to establish a Solana holding company." Pantera intends to convert a Nasdaq-listed company into a Solana holding entity to acquire and retain Solana. However, the identity of the public company has not been disclosed. The fundraising will begin by securing $500 million from investors, followed by potentially raising an additional $750 million through warrants. The initially secured $500 million will be invested in the Nasdaq-listed company, which will then use the funds raised through a new share issuance to purchase Solana. Reportedly, Pantera Capital will also invest $100 million directly in this deal. Additionally, a Pantera executive is expected to join the board to lead the Solana acquisition strategy, and the public company plans to change its name to 'Solana Co.'.
There is a claim that the target price for Solana (SOL) remains at $300. On the 26th (local time), Ali Martinez, a virtual asset (cryptocurrency) analyst, stated on X (formerly Twitter), "Currently, Solana is in a downtrend," but also advised, "Buy on dips at the $176 support level or buy if the $207 resistance level is broken." He added, "Solana's target price still remains at $300." As of 4:25 p.m., according to the Binance USDT market, Solana is trading at $187, down 7.45% from 24 hours ago.
Bitcoin (BTC) fell below $110,000. As of 4:16 PM, based on Binance USDT market, Bitcoin is trading at $109,789, down 2.02% from 24 hours ago.
It has been revealed that whales have sold 50,000 Bitcoin (BTC). On the 26th (local time), cryptocurrency analyst Ali Martinez stated on X (formerly Twitter), "Whales sold 50,000 BTC over the past two weeks," adding, "This amounts to approximately $6 billion." As of 4:15 PM, based on Binance USDT market, Bitcoin is trading at $109,766, down 2.05% compared to 24 hours ago.
There is an analysis indicating that Ethereum (ETH) could rise as high as $5,450. On the 26th (local time), Mark Newton, a global technical analysis strategist at Fundstrat, stated in a letter to Tom Lee, the chairman of Bitmain, that "Ethereum is positioned at a very attractive spot" and added, "As long as it does not fall below $4,067, the bullish momentum will remain." He continued, "Ethereum can rebound around the $4,300 level and surpass $5,100," and said it could rise up to $5,450 at most. Tom Lee responded, "It is expected that Ethereum will reach its bottom within the next few hours." Meanwhile, Bitmain purchased an additional 19,526 ETH just last week and now holds a total of 1,713,899 Ethereum.
MicroStrategy, which holds the largest amount of Bitcoin (BTC) as a single corporation, has failed to be included in the S&P 500 index. According to Cointelegraph on the 26th (local time), S&P Grobal announced that MicroStrategy was not included in the S&P 500 index. Previously, MicroStrategy had recently met all the requirements for S&P 500 inclusion, raising expectations that it might join the index as early as September. Following this news, MicroStrategy’s after-hours stock price also fell. According to Investing.com, MicroStrategy dropped 4.17% the previous day, with an additional 0.13% decline in after-hours trading, reaching $342. The media commented, “MicroStrategy’s stock price is on a downward trend due to the failure to join the S&P 500 and the decline in Bitcoin.” In addition, the virtual asset (cryptocurrency) trading platform Robinhood also failed to join the S&P 500. Robinhood’s stock fell by 1.26% on Monday and closed at $107 after a further 0.5% drop in after-hours trading.
In the past 24 hours, the perpetual futures market for virtual assets (cryptocurrencies) saw position liquidations totaling $938.53 million. According to CoinGlass data on the 26th (local time), a total of $938.53 million in futures positions were liquidated in the virtual asset market over the past 24 hours. Specifically, $826.51 million worth of long positions and $112.02 million worth of short positions were liquidated. The largest liquidation was recorded by Ethereum (ETH). Ethereum saw $320.15 million in position liquidations within 24 hours, with $277.05 million in long positions and $43.10 million in short positions closed out. Bitcoin (BTC) ranked second, with $275.72 million liquidated during the same period. The long and short position liquidation amounts were $230.13 million and $45.59 million, respectively. As of 3:10 PM, on the Binance USDT market, Bitcoin and Ethereum were trading at $110,324 and $4,440, respectively, marking declines of 1.75% and 5.20% compared to 24 hours ago.
NASDAQ-listed MegaMatrix has announced plans to reserve Ethena (ENA). According to PR Newswire on the 25th (local time), MegaMatrix stated in a press release, "The stablecoin market could grow to $2 trillion by the end of 2028," adding, "By reserving ENA, we will actively participate in stablecoin innovation." Meanwhile, Ethena is the issuer of USDe, the third-largest stablecoin by market capitalization.
DeFi Development Corp., listed on Nasdaq, has reportedly signed a paid-in capital increase agreement to acquire additional Solana (SOL). The amount is approximately $125,000,000. According to GlobeNewswire on the 25th (local time), DeFi Development Corp. announced in a press release, "We have signed a paid-in capital increase agreement worth $125,000,000 to purchase additional Solana," adding, "Through this, we plan to strengthen our Solana reserve strategy." Joseph Onorati, CEO of DeFi Development Corp., stated, "It is expected that a large amount of Solana will be acquired through this funding," and emphasized, "We will secure as much Solana as possible as quickly as possible to deliver high value to investors."