Bitcoin has struggled to surpass the $65,000 mark and faces risk of a deeper decline below $57,000 due to unliquidated long positions that could trigger a large liquidation event. Analyst Joao Wedson warns this pattern resembles a 2022 drop before a market bottom, potentially offering a strong buying opportunity if a sell-off occurs. On-chain data shows weak demand with thin accumulation over the past 30-50 days and increasing Bitcoin balances on exchanges, indicating more sellers preparing to offload. This setup suggests Bitcoin may face further downside in the near term before any significant rally.
Apple has been testing memory chips from China's CXMT across products like iPhones and MacBooks to address shortages caused by the AI boom. The company held early talks with CXMT, China's largest chipmaker by market value, aiming to use these chips i...
Berkshire Hathaway reduced its cash reserves by investing billions in stocks like Alphabet and repurchasing $7.8 billion of its own shares in Q2 and July. The conglomerate reported a 16% rise in operating profit to $12.98 billion, driven by gains at ...
Crypto card spending surged to $759 million monthly by July 2026, with dollar-backed stablecoins USDC and USDT capturing 84% of the market. Euro-backed stablecoin EURe's share plummeted from 88% in early 2024 to just 2%, marking a dramatic shift. Thi...
The US Senate has postponed the vote on the CLARITY Act, a bill intended to establish a clear regulatory framework for cryptocurrencies and digital assets, until mid-September. This delay has caused concern among crypto industry leaders, including Mi...
Cardano (ADA) has achieved its highest-ever Nakamoto Coefficient of 16, marking a significant milestone in its decentralization. This measure indicates that control over the network is spread across more participants, enhancing resistance to censorsh...
