Blockchain Native Protocols Get Creative in Crypto Treasury Arms Race

The race to build crypto treasuries is accelerating. Alongside high-profile ventures raising billions, blockchain native protocols themselves are exploring new ways to lock value into their ecosystems, and in some cases, even reimagine what a treasury can do. On Aug. 7, the Chainlink network announced its own reserve, designed to accumulate the protocol’s native token…

Crypto market sell-off accelerates, but SOL data predicts recovery to $200

Bitcoin and altcoins continue to sell-off, but Solana’s fundamentals and accelerating institutional traction hint at a price recovery to $200. Source link

What Happened In Crypto Today

Today in crypto, US Sen. Tim Scott said he expects Democrats to back Republicans on the Digital Asset Market Clarity (CLARITY) Act, former White House Crypto Council director Bo Hines joined Tether as a strategic adviser, and Bitcoin bull Chamath Palihapitiya filed for a $250 million SPAC targeting DeFi and AI. Key Republican senator expects…

Early Bitcoin Web Domains From 2010 Head to Auction

A portfolio of over 280 Bitcoin-related domain names, some registered just after the cryptocurrency’s launch in 2010, is on the auction block. According to Lloyds Auctions, many domains in the lot were registered as early as 2010 and are now being offered as a single lot to bidders. The collection spans core Bitcoin sectors including…

Michael Saylor’s MSTR Declines 7.8% Alongside Drop in Bitcoin

Crypto-related stocks tumbled on Tuesday in a broad-market crypto slide that brought bitcoin down to $113,000. Strategy (MSTR), the largest corporate owner of BTC, closed the session 7.8% down at $336, at its weakest price since April 22. Ethereum treasury firms SharpLink Gaming (SBET) and BitMine (BMNR) lost 8%-9%, while Solana-focused accumulators DeFi Development (DFDV)…

Ethereum Whale Opens $16.3M Leveraged Long Bet as ETH Hints at Local Bottom

Key takeaways: ETH price has a short liquidation cluster “magnet” at $4,300–$4,360. Ether price technicals support the case for a rally toward $4,750–$8,000. An Ethereum whale has opened a massive $16.35 million long position on Ether (ETH), using 25x leverage, in what looks like a bold wager that the latest dip is over. 1% price…

Sen. Tim Scott Sees Democrats Crossing Aisle on Crypto Market Structure

While the US Congress remains in recess until September, one of the senators leading the charge behind legislation to establish a digital asset market structure said he expects bipartisan support. Speaking from the Wyoming Blockchain Symposium in Jackson Hole on Tuesday, Senate Banking Committee Chair Tim Scott said he expected at least some Democrats to…

Will ETH, BNB, LINK, MNT Recover First?

Key points: Bitcoin risks falling to $110,530, where the buyers are expected to step in. Bitcoin is approaching a solid support, and a strong rebound off it could see buyers return to ETH, BNB, LINK, and MNT.  Bitcoin (BTC) is gradually pulling lower, indicating profit booking by short-term traders. Bitfinex analysts said in a report…

How High Can Cardano Price Go Beyond $1? ETF Approval Odds Jump Over 80%

Key takeaways: ADA price technicals are strengthening, with a rise to $2 possible. ADA futures volume is at a 5-month high of $7 billion, reflecting institutional interest.  Cardano’s total value locked, or TVL, is increasing along with ETF approval odds. Cardano (ADA) has been up by as much as 37% in August. The price has…

Bitcoin Price Nears $113,500 Amid a Fresh US Sell-Off

Key points: Bitcoin selling pressure increases as US stocks dip at the Wall Street open. BTC price almost hits $113,500 as over $100 million in longs gets liquidated in an hour. ETF flows are now key as onchain fundamentals start “weakening.” Bitcoin (BTC) fell to near two-week lows at Tuesday’s Wall Street open as US…