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Despite recent market turmoil, major Bitcoin ETF issuers are acquiring large amounts of BTC, suggesting confidence in future demand and potential market stabilization.
Solana faces intense bearish pressure, plunging below support with strong downtrend signals from Ichimoku and BBTrend. A retest of February lows looms unless momentum shifts fast.
As traditional markets show clear signs of an impending recession, the crypto space is not immune from damage. Liquidations are surging as the overall crypto market cap mirrors declines in the stock market. Even though the source of these problems is localized to the US, the damage will have global implications. Traders are advised to …
Bitcoin Futures have surged past $100 billion in open interest, showing strong activity from institutional and retail traders. Whales are increasingly taking short positions even as Bitcoin trades above $85,000, diverging from retail sentiment. Altcoin markets are seeing reduced long interest from whales with XVG and ALICE being rare exceptions showing bullish positions.
Wormhole enters April at a crossroads, with weakening momentum and a looming token unlock adding pressure. Traders eye $0.089 as the breakout pivot in an uncertain landscape.
- 11:32Stablecoin market capitalization increased by 1.64% over the past 7 daysAccording to Jinse Finance, data from DefiLlama shows that the current total market capitalization of stablecoins across the network stands at $265.65 billion, representing a 1.64% increase over the past seven days. Among them, USDT's market share has dropped to 61.9% (down from 62.09% last week).
- 11:07Bitgo Announces Establishment of Local Office in BrazilAccording to Jinse Finance, Bitgo, a US-based cryptocurrency custody service provider, recently announced the establishment of a local office in Brazil, aiming to attract clients from the banking sector interested in entering the cryptocurrency business. The company will also offer insurance services to clients using its solutions.
- 10:52Public Blockchain Activity Rankings for the Past 7 Days: Solana Remains on Top, Ethereum Leads in GrowthBlockBeats News, July 27 — According to Nansen data, the top public blockchains by number of active addresses over the past seven days are: Solana (28.18 million), BNB Chain (10.14 million), Base (7.08 million), Tron (5.86 million), SEI (3.24 million), Aptos (2.89 million), Bitcoin (2.8 million), and Ethereum (2.5 million). Among them, Ethereum saw the largest increase in active addresses, up 8.7%, ranking first in growth, while Solana's active addresses rose by 1.9%, ranking second. Additionally, according to Defillama data, the top public blockchains by DEX trading volume in the past 24 hours are BNB Chain ($3.93 billion), Ethereum ($2.34 billion), Solana ($1.796 billion), Base ($1.16 billion), and SUI ($530 million).