Bitcoin recently surged above $82,000 but was rejected near its 200-day moving average around $82,400, echoing a bearish pattern from March 2022 that preceded a prolonged downtrend. Data from CryptoQuant shows the rally was driven more by speculative futures trading than strong spot demand, with US spot ETFs turning from buyers to sellers. The Bull Score Index dropped to extremely bearish levels, and the Coinbase Premium remained negative, indicating weak institutional and retail interest. Analysts are now focusing on the $70,000 level as a critical support zone, which could determine Bitcoin's next major move amid weakening market momentum.
Veea Inc. has announced the commercial release of VeeaONE, a full-stack AI infrastructure platform that integrates edge-to-cloud hardware and software. The platform supports VeeaWare middleware on NVIDIA Jetson and x86/Arm servers, enabling secure, l...
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
