BNB Drops After Failed Breakout, Key Support Holds as Corporate Accumulation Grows
BNB’s price slipped nearly 1.5% in volatile trading over the last 24-hour period to trade recently around $765. It’s down from a near $780 high earlier this week. The move carved out a $34.87 range in a short window as institutional selling hit the market and buyers scrambled to...
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A16z Crypto Leads $15M Seed Round Into Decentralized AI Data Layer Poseidon
Venture capital heavyweight a16z Crypto led a $15 million seed-round investment into Poseidon, a decentralized artificial intelligence (AI) data layer. Poseidon is built to provide access to training data for robotics and AI models that is “traceable, enforceable and monetizable,” according to an emailed announcement on Tuesday. The project...
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EDX Unveils International Crypto Trading Platform With Perpetual Futures
EDX, which operates an institutional focused crypto exchange in the U.S. backed by the likes of Citadel, Fidelity and Virtu, has launched a global trading platform featuring perpetual futures, according to a press release on Tuesday. EDX International, based in Singapore, is offering trading in 44 cryptocurrency pairs, including...
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ETH to $4,000? Analysts Weigh Whale Purchases Against Correction Risks
Ether’s multi-week climb toward the $4,000 level has faced resistance, with the token falling more than 3% to around $3,696. While bulls remain confident the uptrend is intact, recent price action has exposed some technical fragility — just as institutional buyers continue ramping up accumulation. The latest ETH pullback...
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Internet Computer Slides Amid Broader Altcoin Pullback
Internet Computer (ICP) dropped 4.85% to $5.9149 on Tuesday, posting a low of $5.81 after peaking at $6.25 the previous day. Despite bullish headlines – a new partnership between Internet Computer developers DFINITY Foundation and indexing firm Maestro – the token succumbed to broad market rotation out of altcoins,...
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BONK Holds Key Support as Volatility Grips Market
BONK traded in a wide 8% range from $0.0000328 to $0.0000358 between July 21 and July 22, ultimately falling 4% lower at $0.00003494. Despite the decline, the Solana-based meme token demonstrated resilience by defending key support at the $0.000033 level, where heavy trading volume signaled strong buyer interest. A...
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Bitcoin ETFs’ 12-Day Inflow Streak Comes to an End as Price Stalls
U.S.-listed spot bitcoin exchange-traded funds saw net outflows of $131.4 million on Monday, breaking a 12-day streak of uninterrupted inflows that brought in over $6 billion, according to data from Farside Investors. The pullback came as bitcoin (BTC) itself traded mostly flat to start the week. Prices continue to...
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UK Says Crypto Sector Likely Under Reporting Sanction Breaches
Crypto companies in the U.K. have almost certainly been under-reporting breaches of financial sanctions since as far back as 2022, the Office of Financial Sanctions Implementation (OFSI) said in a Monday report, as the nation imposed more sanctions on Russia. The report, which is a sanctions threat assessment focused...
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NEAR Slumps as Bitcoin Regains Strength, Ending Altcoin Surge
NEAR Protocol slid sharply on Monday as intense selling pressure gripped the market, with the token breaking critical support levels despite surging trading volumes. The retreat comes as Bitcoin shows renewed strength, overshadowing last week’s “altcoin season” that saw smaller tokens briefly outperform the leading cryptocurrency. During the 24-hour...
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Kraken to Support Biotech Firm Windtree’s $200M BNB Treasury Play
Nasdaq-listed biotech firm Windtree Therapeutics has entered into a strategic partnership with crypto exchange Kraken to manage its BNB-focused crypto treasury program, the companies announced Tuesday. The deal will see Kraken handle custody, trading and over-the-counter (OTC) execution of BNB assets for Windtree. So far $60 million has been...
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