Bitcoin Shows Bearish Pattern But Bulls Step In Under $120K

Key takeaways: Bitcoin formed a bearish engulfing candle, indicating potential short-term exhaustion. The Miners’ Position Index surged to its highest level since November 2024, and profit-taking hit record highs. Despite panic selling, over 196,600 BTC was accumulated in the $116,000–$118,000 range, reinforcing traders’ bullish long-term sentiment. Bitcoin (BTC) printed its first notable bearish signal on…

Bit Origin Buys 40 Million Dogecoin As Part of Crypto Pivot

China-based pork processing company and Bitcoin miner Bit Origin has officially kicked off its crypto treasury initiative with its first acquisition of 40.5 million Dogecoin.  In a statement on Monday, the company said the Dogecoin (DOGE) buy was the “first strategic acquisition” under its digital asset treasury initiative, supported by a share sale and debt…

DeFi Development Nears 1 Million Solana In Treasury

Nasdaq-listed firm DeFi Development Corp is now just one token away from crossing a million Solana in its treasury after its latest $198 million buy. In a statement on Monday, DeFi Development Corp said its purchase of 141,383 Solana (SOL) between July 14 and July 20 had grown its treasury to 999,999. The recent acquisition…

Ether Machine Founder Claims ETH Outperformed BTC Over Last Decade

Andrew Keys, the co-founder of the new Ethereum investment firm The Ether Machine, argues investors would have made much more money investing in Ether than Bitcoin a decade ago. “The price of Ether per Bitcoin over the past decade has materially improved. Over the last decade, since Ethereum started, you would be 50x wealthier [had…

DeFi Development Nears 1 Million Solana In Treasury

Nasdaq-listed firm DeFi Development Corp is now just one token away from crossing a million Solana in its treasury after its latest $198 million buy. In a statement on Monday, DeFi Development Corp said its purchase of 141,383 Solana (SOL) between July 14 and July 20 had grown its treasury to 999,999. The recent acquisition…

UK Seizes Crypto ATMs As Global Scrutiny Grows Over Unregulated Kiosks

Seven crypto ATMs were seized and two people were arrested in southwest London on Thursday on suspicion of money laundering and operating an illegal cryptocurrency exchange. The operation was led by the UK Financial Conduct Authority (FCA) and the Metropolitan Police, according to a statement by the financial watchdog. Since January 2021, any crypto business…

Technical Charts Suggest a ‘Phenomenal ’Altseason is Coming: Analysts

Key takeaways: Altcoins’ cup-and-handle pattern projects a rise to $2.78 trillion market cap, hinting at an “altcoin season.” Bitcoin dominance below key moving averages suggests altcoins may outperform in the near term. According to crypto traders, many altcoins are currently displaying some bullish patterns that suggest “it’s altcoin season” as Bitcoin dominance begins to drop. …

UK Seizes Crypto ATMs As Global Scrutiny Grows Over Unregulated Kiosks

Seven crypto ATMs were seized and two people were arrested in southwest London on Thursday on suspicion of money laundering and operating an illegal cryptocurrency exchange. The operation was led by the UK Financial Conduct Authority (FCA) and the Metropolitan Police, according to a statement by the financial watchdog. Since January 2021, any crypto business…

Polymarket Set to Reenter US After $112M Acquisition of QCEX

Online betting platform Polymarket said it acquired QCEX, US-licensed derivatives exchange and clearinghouse for $112 million, paving the way for the company’s return to the United States after a hiatus of more than two years. According to its website, QCEX is based in Boca Raton, Florida, with both entities, the derivatives exchange and the clearinghouse,…

Ethereum NFTs Dominate Sales, Trading Volume, and Market Cap as ETH Nears $4K

Ethereum-based non-fungible tokens (NFT) collections took over the latest seven-day sales rankings, accounting for nine of the top 10 collections by total sales volumes.  On Monday, CryptoSlam data showed nine of last week’s top 10 collections by sales volume were Ethereum-based NFTs, including popular collections CryptoPunks, Pudgy Penguins, Moonbirds and Azuki. The only non-Ethereum collection…