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Solana started a fresh increase from the $175 zone. SOL price is now up nearly 10% and might aim for more gains above the $200 zone. SOL price started a fresh upward move above the $185 and $190 levels against the US Dollar. The price is now trading above $192 and the 100-hourly simple moving average. There was a break above a bearish trend line with resistance at $178 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $200 resistance zone. Solana Price Starts Fresh Surge Solana price started a decent increase after it found support near the $175 zone, like Bitcoin and Ethereum. SOL climbed above the $180 level to enter a short-term positive zone. The price even smashed the $192 resistance. There was a break above a bearish trend line with resistance at $178 on the hourly chart of the SOL/USD pair. The bulls were able to push the price above the $195 barrier. A high was formed at $199 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $173 swing low to the $199 high. Solana is now trading above $192 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $200 level. The next major resistance is near the $202 level. Source: SOLUSD on TradingView.comThe main resistance could be $205. A successful close above the $205 resistance zone could set the pace for another steady increase. The next key resistance is $212. Any more gains might send the price toward the $220 level. Are Downsides Supported In SOL? If SOL fails to rise above the $200 resistance, it could start another decline. Initial support on the downside is near the $194 zone. The first major support is near the $186 level or the 50% Fib retracement level of the upward move from the $173 swing low to the $199 high. A break below the $186 level might send the price toward the $180 support zone. If there is a close below the $180 support, the price could decline toward the $175 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $194 and $186. Major Resistance Levels – $200 and $212.

XRP price is consolidating gains below the $3.320 zone. The price is showing positive signs and might aim for a move above the $3.350 resistance. XRP price is struggling to settle above the $3.30 zone. The price is now trading above $3.220 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $3.288 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $3.30 zone. XRP Price Eyes Upside Break XRP price formed a base above the $3.10 level and started a fresh increase, like Bitcoin and Ethereum. The price gained pace for a move above the $3.120 and $3.15 resistance levels. The bulls pumped the price above the $3.250 resistance, but the bears were active near $3.30. A high was formed at $3.30 and the price dipped toward the 50% Fib retracement level of the upward move from the $3.10 swing low to the $3.30 high. The price is now trading above $3.220 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.2880 level. There is also a bearish trend line forming with resistance at $3.288 on the hourly chart of the XRP/USD pair. The first major resistance is near the $3.30 level. A clear move above the $3.30 resistance might send the price toward the $3.350 resistance. Any more gains might send the price toward the $3.380 resistance or even $3.40 in the near term. The next major hurdle for the bulls might be near the $3.450 zone. Another Decline? If XRP fails to clear the $3.30 resistance zone, it could start a fresh decline. Initial support on the downside is near the $3.20 level. The next major support is near the $3.150 level or the 76.4% Fib retracement level of the upward move from the $3.10 swing low to the $3.30 high. If there is a downside break and a close below the $3.150 level, the price might continue to decline toward the $3.080 support. The next major support sits near the $3.020 zone where the bulls might take a stand. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $3.150 and $3.080. Major Resistance Levels – $3.30 and $3.350.

Sui (SUI) is attempting to reclaim a key resistance area after recovering from last week’s lows and growing institutional interest in the ecosystem, leading some analysts to suggest that a breakout might be around the corner. SUI Rallies Amid Ecosystem Interest On Tuesday, SUI jumped 7.4% intraday following major news for the ecosystem from institutional players. The cryptocurrency has been attempting to reclaim the $3.90-$4.00 zone over the past few weeks, briefly breaking out during the July market rally. The altcoin has been trading between $2.33-$4.00 price range since the Q2 recovery, hitting a seven-month high of $4.44 two weeks ago. For most of this period, SUI has hovered within the mid-zone of its multi-month range, failing to reclaim the $4.00 resistance multiple times. The early August pullback saw the token drop 27% from the local highs before bouncing at the end of last week. Since then, SUI’s price has recovered 20% from this month’s lows, rallying 6.65% in the past 24 hours to the $3.90 area. On August 12, one of the largest digital asset firms, Grayscale Investments, announced two new products that expand its “existing lineup of Sui Ecosystem products.” Earlier this year, the firm launched its Grayscale Sui Trust, which fueled a 44% rally after the announcement. Now, the firm has launched the Grayscale DeepBook Trust and the Grayscale Walrus Trust to “offer investors exposure to two key protocols driving innovation within the Sui ecosystem,” affirmed Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research. The trusts, which are now open for daily subscriptions for eligible accredited investors, function as Grayscale’s other single-asset investment trusts and are solely invested in the DEEP and WAL tokens, respectively. SUI’s Price Ready For $10? Analyst Sjuul from AltCryptoGems noted the cryptocurrency “really likes to move along the 3 drives pattern.” The pattern consists of three consecutive price movements in the same direction, before a trend reversal. As the chart shows, SUI displayed a bullish 3 drives formation during the November-January rally, which was followed by a bearish 3 drives pattern during the February-April pullback. Now, the cryptocurrency has been potentially repeating the bullish setup since the May breakout, with the third drive up still ahead. “We should still have one leg left,” the analyst asserted, which could propel SUI’s price to the $5.00 resistance. Crypto Rand noted that SUI is consolidating after its local breakout, which could target an initial run to the $5.00 mark and a potential rally to an all-time high (ATH) around the $10 barrier. Similarly, analyst Alex Clay suggested that investors should “not ignore SUI,” as it has a potential cycle top of $11.7. He explained that altcoin displays a strong higher timeframe with a cup and handle formation between 2023 and 2024, followed by a re-accumulation within a 10-month symmetrical triangle. To the market watcher, the compression period “is over” and a breakout could be imminent in the coming weeks. A confirmed breakout from the $4.00 resistance could kickstart a rally to a new high between the $7.90 and $11.7 area. As of this writing, SUI trades at $3.91, a 12% increase in the monthly timeframe.

Bullish is going bigger than expected. The crypto exchange, backed by Peter Thiel and the owner of CoinDesk, has increased the size of its IPO to $990 million. The company is now offering 30 million shares priced between $32 and $33, pushing its projected valuation close to $4.8 billion. Just last week, the goal was $4.2 billion. The Bullish IPO is one of the largest public offerings in crypto since Circle’s debut earlier this year. BlackRock and ARK Want In The bigger raise isn’t happening in a vacuum. Major investors like BlackRock and ARK Invest are reportedly taking part, showing that there is real institutional interest in Bullish’s debut. JPMorgan, Citigroup, and Jefferies are running point on the deal, and the company plans to list on the NYSE under the ticker BLSH. The Second Time Might Be the Charm This isn’t Bullish’s first attempt at going public. Back in 2021, it tried to go the SPAC route, aiming for a $9 billion valuation. That effort stalled after running into regulatory issues. This time, Bullish seems to be keeping its expectations in check and focusing on delivering a traditional IPO that aligns better with today’s market conditions. DISCOVER: 20+ Next Crypto to Explode in 2025 A Friendlier Climate for Crypto Firms The timing of the IPO works in Bullish’s favor. Crypto regulation in the U.S. is finally starting to settle, especially after the GENIUS Act gave more definition to how digital asset companies can operate. Earlier this year, Circle successfully went public, setting a precedent for what a clean, compliant crypto IPO can look like. Bullish appears to be following that playbook. BitcoinPriceMarket CapBTC$2.39T24h7d30d1yAll time DISCOVER: Best New Cryptocurrencies to Invest in 2025 Numbers That Give Investors Something to Work With Bullish isn’t just selling hype. The company is projecting net income of up to $109 million for the second quarter of 2025. That’s on top of a solid year of trading activity in 2024, which helped the exchange generate real revenue. Unlike many crypto firms that rely on future promise, Bullish has something to point to right now. Could This Reshape the Crypto IPO Scene? This upsized IPO could open the door for more crypto companies to test the public markets. Gemini and BitGo are already rumored to be in the pipeline. If Bullish pulls this off cleanly, it could become the example others follow. It’s not just about raising money—it’s about proving that a crypto-native business can hold its own on Wall Street. The Stakes Going Into the First Trading Day All that’s left is to see how investors respond once the shares start trading. The company has the momentum, the backers, and a market that seems a bit more open to crypto than it was a couple of years ago. Whether it can maintain that excitement beyond the first few days is another question entirely. Bullish is trying to do what few crypto companies have pulled off—go public with solid financials, institutional support, and timing that doesn’t feel wildly off. It may not be the most hyped name in the industry, but this move could quietly shape what comes next. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Bullish upsized its IPO to $990 million, pushing its valuation to nearly $5 billion Big names like BlackRock and ARK are reportedly backing the deal, adding institutional weight This is Bullish’s second attempt at going public, after a failed SPAC plan in 2021 Improved U.S. crypto regulation and Circle’s IPO have created a more favorable environment Bullish projects strong earnings, making it one of the few crypto firms showing real profits The post Bullish Crypto Exchange Upsizes IPO to Nearly $5 Billion Valuation appeared first on 99Bitcoins.

Circle Internet Group’s stock took a hit late in the day after it revealed a plan to sell up to 10 million shares. Only 2 million of those are new shares issued by the company. The other 8 million are being sold by insiders looking to cash in. There’s also a clause for underwriters to pick up another 1.5 million if demand holds, potentially pushing the total proceeds past half a billion dollars. Strong Earnings Overshadowed by Share Sale Earlier in the day, things looked bright. Circle had released its first earnings since going public, showing $658 million in revenue and $126 million in adjusted EBITDA. Both numbers were up more than 50 percent from the same time last year. But those solid results were clouded by a net loss of $482 million, mostly tied to IPO-related costs. Investors didn’t stick around to celebrate. USDC Keeps Climbing One of the main drivers behind Circle’s revenue growth is the surging circulation of its stablecoin, USDC. It ended the quarter at $61.3 billion and was already at $65.2 billion in early August. That’s a 90 percent jump year-over-year. The numbers reflect growing adoption of USDC across payments, trading, and other financial use cases. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in August2025 Company Gets Cash, Insiders Get Liquidity Circle’s portion of the raise will go toward general expenses, growth initiatives, and possibly acquisitions. It’s not just a cash grab. At the same time, it gives early investors a chance to take some money off the table after a huge run since the IPO. The balance between long-term strategy and short-term liquidity is clear. Regulatory Green Light Still Matters Circle’s momentum is also being helped by recent regulatory clarity. The GENIUS Act gave stablecoin issuers like Circle a firmer legal footing in the United States. This has made USDC a more attractive option for institutions that previously sat on the sidelines. While the market remains unpredictable, having policy on your side helps. BitcoinPriceMarket CapBTC$2.39T24h7d30d1yAll time Gains Still Towering Since IPO Despite the sell-off, Circle’s stock is still way up compared to its debut. Since June, it’s surged over 400 percent. Investors have been riding the wave of USDC’s growth and the broader return of interest in crypto infrastructure. One dip doesn’t erase months of strong momentum. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Analysts Aren’t in Agreement Opinions on Wall Street are mixed. Out of 16 analysts covering the stock, the ratings are spread across Buy, Hold, and Sell. Some are bullish on Circle’s early lead and expanding regulatory moat. Others are cautious, pointing to competition from giants like PayPal and Amazon entering the stablecoin race. Looking Ahead Circle now faces the task of proving it can maintain this pace. The next test will be how effectively it uses the money raised and whether USDC can keep expanding. New products like the Arc blockchain and the Circle Payments Network are on the roadmap. Whether those plans translate into long-term upside remains to be seen. Circle has had a huge year, but this week’s stock dip is a reminder that growth comes with growing pains. Investors now want to see what the company can actually do with its momentum. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Circle’s stock dropped after announcing a 10 million share offering, with most shares sold by insiders cashing out. Despite strong earnings, $658 million in revenue and $126 million in adjusted EBITDA, Circle posted a $482 million net loss due to IPO costs. USDC circulation is up 90% year-over-year, reaching over $65 billion and driving much of Circle’s revenue growth. The share sale balances new funding for growth with insider liquidity, giving Circle runway while early backers lock in profits. Circle’s long-term success now hinges on how it uses the capital and whether USDC can keep gaining institutional traction. The post Circle Stock Slides After Big Secondary Offering appeared first on 99Bitcoins.

Ethereum price found support near the $4,200 zone and started a fresh surge. ETH is rising and might soon aim for a move above the $4,620 zone. Ethereum started a fresh increase above the $4,250 and $4,350 levels. The price is trading above $4,400 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $4,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $4,200 zone in the near term. Ethereum Price Rallies Again Ethereum price started a fresh increase from the $4,150 support zone, beating Bitcoin. ETH price was able to recover above the $4,320 and $4,350 resistance levels. The bulls even pushed the price above the $4,400 resistance zone. Finally, the price tested the $4,635 resistance zone. A high was formed at $4,634and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $4,171 swing low to the $4,634 high. Ethereum price is now trading above $4,400 and the 100-hourly Simple Moving Average. There is also a bullish trend line forming with support at $4,400 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $4,620 level. The next key resistance is near the $4,650 level. The first major resistance is near the $4,680 level. A clear move above the $4,680 resistance might send the price toward the $4,750 resistance. An upside break above the $4,750 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,800 resistance zone or even $4,840 in the near term. Are Dips Supported In ETH? If Ethereum fails to clear the $4,620 resistance, it could start a downside correction. Initial support on the downside is near the $4,525 level. The first major support sits near the $4,400 zone. A clear move below the $4,400 support might push the price toward the $4,350 support. Any more losses might send the price toward the $4,350 support level in the near term. The next key support sits at $4,250. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $4,400 Major Resistance Level – $4,620

An analyst has pointed out how the breakout from this multi-year long XRP triangle pattern could point to a massive bullish target for the asset’s price. XRP Has Been Shooting Up Since Breaking Out Of This Triangle In a new post on X, analyst Ali Martinez has talked about a multi-year technical analysis (TA) pattern in XRP’s weekly price chart. The pattern in question is a triangle, which forms whenever an asset trades between two converging trendlines. The upper line of the pattern is likely to provide resistance, while the lower one support. A break out of either of these levels can hint at a continuation of trend in that direction; a surge above the triangle can be a bullish signal, while a drop under it a bearish one. Triangles can be of a few types, with three popular ones being the ascending, descending, and symmetrical variations. The orientation of the trendlines decides which category a specific triangular channel belongs to. One trendline being parallel to the time-axis means that the pattern is one of the first two types. More specifically, it’s an ascending triangle if the upper line is parallel, while it’s a descending one in the case of a flat lower line. When both trendlines approach each other at a roughly equal and opposite angle, the symmetrical triangle forms. In the context of the current topic, the triangle of interest is closest to this type. Below is the chart shared by Martinez that shows the long-term triangle that the 7-day price of XRP was trading inside before its earlier breakout. As is visible in the graph, the weekly XRP price was trading inside a pattern that looked like a symmetrical triangle with a slight upward bias between 2018 and 2024. In a proper symmetrical triangle, the probability of a breakout occurring is considered the same in either direction, but considering that this triangle was angled upward, a bullish breakout may have been more likely. And indeed, in November 2024, the asset managed to break past the upper boundary of the formation, kickstarting a bull rally. Generally, triangle breakouts are considered to be of the same length as the height of the pattern. That is, the resulting move in the price may be equal to the distance between the trendlines at their widest. In the chart, Martinez has highlighted what the target could be for XRP, based on this idea: $12.60. From the current value of the cryptocurrency, a run to this level would imply an increase of almost 287%. It now remains to be seen whether the pattern would hold up for the token. XRP Price XRP recovered above $3.37 earlier, but the coin has since seen a retrace as its price is back at $3.25.

Bitcoin price is correcting gains below the $121,200 zone. BTC is now consolidating and might aim for a move above the $120,500 resistance zone. Bitcoin started a downside correction below the $121,200 zone. The price is trading above $118,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $118,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $120,250 resistance zone. Bitcoin Price Holds Key Support Bitcoin price failed to extend gains above $122,250 and started a downside correction. BTC corrected gains and traded below the $121,200 support zone. There was a move below the $120,500 level. The price dipped below the 50% Fib retracement level of the upward move from the $116,282 swing low to the $122,272 high. Finally, the price spiked below the $118,500 support and tested the 100 hourly Simple moving average. Bitcoin is now trading above $118,000 and the 100 hourly Simple moving average. There is also a bullish trend line forming with support at $118,600 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $120,000 level. The first key resistance is near the $120,250 level. The next resistance could be $120,850. A close above the $120,850 resistance might send the price further higher. In the stated case, the price could rise and test the $122,250 resistance level. Any more gains might send the price toward the $124,000 level. The main target could be $125,000. More Losses In BTC? If Bitcoin fails to rise above the $120,500 resistance zone, it could start another decline. Immediate support is near the $118,600 level or the 61.8% Fib retracement level of the upward move from the $116,282 swing low to the $122,272 high. The first major support is near the $117,800 level. The next support is now near the $116,550 zone. Any more losses might send the price toward the $115,500 support in the near term. The main support sits at $113,500, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $118,600, followed by $117,800. Major Resistance Levels – $120,250 and $120,850.

Since the recent one-week slide of -5.8% seen on the Hong Kong 33 CFD Index (a proxy of the Hang Seng Index futures) from 24 July 2025 high to 1 August 2025 low, its price actions have been choppy as markets grappled with US tariffs news flow and the possibility of an imminent US Federal Reserve dovish pivot in September. Amid this chaotic news flow environment, several technical elements are advocating the potential start of a new short-term bullish trend for the Hong Kong 33 CFD Index. Read more on our medium-term outlook published earlier on 5 August 2025; Hang Seng Index Forecast: New bullish leg supported by southbound flows and improvement in China services activities Fig. 1: Hong Kong 33 CFD Index minor trend as of 13 Aug 2025 (Source: TradingView) Fig. 2: Percentage of Hang Seng Index component stocks above 200-day MA as of 12 Aug 2025 (Source: MacroMicro) Preferred trend bias (1-3 days) Bullish bias above 24,915 short-term pivotal support, with the next intermediate resistances coming in at 25,520, 25,750, and 25,890 (see Fig. 1). Key elements The price action of the Hong Kong 33 CFD Index staged a bullish breakout above its 20-day moving average on Tuesday, 12 August, which suggests the potential start of a new short-term bullish impulsive uptrend phase.The medium-term and major uptrend phases remain intact for the Hong Kong 33 CFD Index as price actions continued to oscillate within a major ascending channel from the January 2024 low and a medium-term ascending channel from the 2 June 2025 low.The hourly MACD trend indicator of the Hong Kong 33 CFD has continued to trend steadily upwards above its centerline since Tuesday, 12 August, which supports the emergence of a new short-term bullish impulsive uptrend phase.Market breadth of the Hang Seng Index has also improved as the percentage of its component stocks trading above their respective key 200-day moving averages has increased from 1 August print of 82% to 88% as of Tuesday, 12 August (see Fig. 2).Alternative trend bias (1 to 3 days) Failure to hold at the 24,915 key short-term support negates the bullish tone to reinstate another round of minor choppy corrective decline sequence to retest the next intermediate supports at 24,790/24,725 and 24,600. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Ethereum (ETH) has recently seen a remarkable resurgence, inching closer to its $4,878 all-time high (ATH) record after a prolonged period of consolidation. On Tuesday, ETH broke the $4,600 mark for the first time in years, outperforming other cryptocurrencies, including Bitcoin (BTC) and XRP. Ethereum ETFs Attract $8.2 Billion YTD This price performance is largely attributed to a significant influx of capital into Ethereum spot exchange-traded funds (ETFs), which recorded a staggering $1 billion in inflows in just a single day—the largest daily inflow to date. According to data from Messari, year-to-date inflows into Ethereum ETFs have reached $8.2 billion, accounting for approximately 1.5% of ETH’s market capitalization. In contrast, Bitcoin spot ETFs saw $178 million in inflows yesterday and $19.4 billion year-to-date, representing only 0.8% of BTC’s market cap. While BTC continues to lead in absolute flows, ETH is attracting nearly double the capital relative to its size, signaling a shift in investor sentiment. The recent growth in Ethereum’s price is also influenced by favorable regulatory developments. The signing of the GENIUS Act by President Donald Trump has established a new regulatory framework for stablecoins, which could enhance their adoption and integration within financial systems. Major banks such as Morgan Stanley, JP Morgan, Citigroup, and Bank of America are actively exploring the implementation of dollar-pegged cryptocurrencies, further validating the potential of this market. Public Companies Embrace ETH Jake from Messari highlights that this regulatory development and key data points have contributed to the reversal of the bearish outlook on Ethereum’s price witnessed over the past months due to its poor performance. Approximately $130 billion in stablecoins are currently secured, accounting for roughly 50% of the market share, alongside $7.2 billion in tokenized real-world assets (RWAs) and a growing number of enterprises building on the Ethereum blockchain. Moreover, 865,000 ETH is now being held by public companies that are adopting Strategy’s (previously MicroStrategy) Bitcoin treasury approach, reflecting a diverse range of institutional buyers converging on Ethereum as a long-term investment. SharpLink has appointed Ethereum co-founder Joseph Lubin as Chairman and holds over 360,000 ETH. BitMine has transitioned from Bitcoin mining to an Ethereum treasury model, while Bit Digital has completely shifted its focus to Ethereum, accumulating over 120,000 ETH. Tangible Capital Flows Institutional investors have also been accumulating ETH at an impressive scale, with approximately 25 million ETH acquired since June. According to the analyst, this accumulation is not driven by retail speculation but reflects a strategic allocation by institutional firms. Ultimately, the convergence of stablecoins, tokenization, enterprise infrastructure, and treasury demand is resulting in tangible capital flows, as evidenced by on-chain activity and public company disclosures. As Jake puts it: What was directional interest is becoming allocation. $ETH isn’t re-rating because crypto wants it to. Wall Street balance sheets are forcing the move. Featured image from DALL-E, chart from TradingView.com

XRP has experienced strong price performance in recent weeks, climbing over 12% in the past month and reclaiming notable price levels. However, as of the latest trading session, the asset is showing signs of correction. At the time of writing, XRP is valued at $3.17, representing a 1.2% decline over the past 24 hours from its recent high of roughly $3.22. The recent surge in XRP’s value was largely driven by a major legal development. On August 7, 2025, the long-running US Securities and Exchange Commission (SEC) lawsuit against Ripple and its executives officially concluded. The end of the case removed a significant source of uncertainty for the asset and sparked immediate price gains. However, on-chain data suggests that the rally may have been driven more by shifts within the existing investor base rather than by new market participation. XRP On-Chain Indicators Show Mixed Market Dynamics CryptoQuant analyst CryptoOnchain observed that daily active addresses on the XRP Ledger fell by more than 10% to around 24,701 following the legal resolution. This decline, despite the price increase, indicates that the upward movement was likely supported by capital rotation from existing holders instead of new user adoption. In the analyst’s view, the absence of a fresh wave of participants could limit the rally’s long-term momentum unless broader retail engagement picks up. Exchange flow data offers additional insight. Both Binance and Upbit recorded notable spikes in depositing addresses just before and immediately after the SEC case outcome was announced. Historically, such inflow surges can signal that traders are positioning for profit-taking or short-term speculation. At the same time, withdrawals also rose during this period, implying that some new entrants were building positions. The presence of both trends highlights a mix of motives in market activity, from short-term trading to longer-term accumulation. Liquidity Concentration and Market Outlook Changes in exchange reserves further illustrate the evolving market structure for XRP. After a period of decline, Binance’s XRP holdings have been increasing again, while Upbit’s reserves have maintained a steady upward trend. This reflects a growing role for the Asian market in supporting XRP trading volume. Conversely, OKX now holds almost no XRP, suggesting that most of its reserves have been withdrawn from the exchange. CryptoOnchain noted that the combination of higher prices alongside a drop in active user numbers points toward a market environment dominated by a smaller, concentrated group of traders. If exchange reserves continue to build rapidly, the probability of a short-term correction could increase, especially if profit-taking accelerates. While the resolution of the SEC case has removed a major legal risk for XRP, the sustainability of recent price gains may depend on attracting new market participants and reducing short-term selling pressure. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s recent rally pushed the cryptocurrency to retest the $122,000 level before facing a pullback. At the time of writing, BTC is trading at approximately $119,053, marking a short-term correction after reclaiming significant highs earlier in the week. The move comes as traders and analysts watch closely for signs of market strength or weakness at current price levels. One metric drawing attention is Binance’s share of global trading volume. According to CryptoQuant analyst BorisVest, the exchange’s dominance in trading activity provides valuable context for interpreting Bitcoin’s performance at all-time highs (ATHs). By comparing volume distribution across exchanges during previous ATH periods, the analysis seeks to determine whether the broader market is participating in the rally or if activity is concentrated on a single platform. Bitcoin Exchange Volume Concentration and Market Signals BorisVest’s review found that during the first ATH in 2024, global market volumes were elevated, and Binance’s trading activity was more than double that of all other exchanges combined. When Bitcoin retested its ATH later that year, overall market volumes increased across multiple platforms, yet Binance maintained its lead in total trading share. In contrast, when Bitcoin set a new record in mid-2025, total market volume did not show a significant increase compared to previous rallies. While Binance still recorded nearly twice the trading volume of other exchanges combined, the absence of a wider market volume expansion raised concerns. The analyst noted that historically, ATHs supported by broad volume growth tend to indicate stronger market conviction. A lack of participation from other exchanges could signal potential challenges in sustaining higher prices over the coming months. On-Chain Patterns Suggest Gradual Market Progress In a separate assessment, CryptoQuant analyst Avocado onchain examined Binary Coin Days Destroyed (CDD), a metric tracking the movement of long-dormant coins. The indicator recently turned lower after a brief rise, with Bitcoin’s price trading within a sideways range. Historically, increases in Binary CDD have been linked to selling pressure from long-term holders, often leading to corrections. However, current market conditions, shaped by changes in custody solutions, over-the-counter trading activity, and institutional investment strategies, make interpreting CDD spikes more complex. Avocado onchain highlighted that in recent cycles, Binary CDD rises have been followed by either prolonged sideways trading or moderate corrections. The current data supports what the analyst describes as a “stair-step” rally, where the market advances gradually while cooling short-term speculative activity. This pattern, if sustained, could prevent rapid depletion of buying momentum and allow for more stable long-term growth. Other on-chain data suggests that selling from long-term holders remains subdued, indicating limited pressure to exit positions at current price levels. This aligns with the view that while near-term movements may be range-bound, the broader trend still holds the potential for future upside, contingent on broader participation and sustained investor demand. Featured image created with DALL-E, Chart from TradingView

Circle Internet Financial, the issuer of the USDC stablecoin, has seen its newly listed stock, CRCL, gain 5% on Tuesday after reporting robust revenue figures in the second quarter of the year following its initial public offering (IPO). USDC Circulation Soars 90% Year-Over-Year The uptick in Circle’s CRCL stock toward the $164 mark on Tuesday, comes on the heels of the recently passed GENIUS Act in both Congress and House of Representatives, which has spurred increased attention towards stablecoins and their applications in the financial market. According to Chief Financial Officer (CFO) Jeremy Fox-Geen, the company is witnessing a surge in institutional interest, stating, “After our IPO and the Genius Act, we’re seeing an acceleration of interest, with major institutions all leaning in.” Three weeks ago, President Donald Trump signed the country’s first crypto bill into law. The bill aims to establish a new regulatory framework for dollar-pegged cryptocurrencies. As a result, major companies and US banks have shown increased interest in these assets, potentially including them in their financial operations, which could significantly improve, given the low cost and speed of stablecoin transactions. As of June 30, the amount of USDC in circulation had skyrocketed by 90% compared to the same time last year, and Circle anticipates sustained growth at a compounded annual rate of 40%. The USDC stablecoin is also gaining traction not only for its use in digital transactions but also for cross-border remittances between individuals and businesses, as noted by CEO Jeremy Allaire. Circle Reports 53% Revenue Growth Circle reported a significant year-over-year revenue increase of 53%, reaching $658 million. According to Reuters, this growth was largely driven by increased interest income generated from the cash reserves and short-term investments backing its USDC stablecoins. Additionally, revenue from subscription and service offerings from the stablecoin issuer’s platform also saw an uptick, surpassing analysts’ expectations of $644.7 million, as compiled by LSEG. However, the company did report a net loss of $482 million, primarily attributed to non-cash charges associated with its initial public offering. Circle also announced plans to launch Arc, a public blockchain specifically designed for stablecoin transactions, this fall, as part of the firm’s strategy to develop the technological infrastructure necessary for digital payments. David Bartosiak, a stock strategist at Zacks Investment Research, commented on Circle’s goals, stating, “They’re really trying to become the pillar of stablecoins in the US” He emphasized that the company’s established reputation positions it as a trusted player in this emerging market. Despite the rise in its stock price, CEO Allaire indicated that Circle is taking a cautious approach regarding acquisitions. “We’re careful and deliberate. I don’t think our strategy here is to go try and do big, complex acquisitions to throw additional business lines,” he remarked. Featured image from DALL-E, chart from TradingView.com

XRP’s legal victory over the U.S. Securities and Exchange Commission (SEC) has removed a major regulatory hurdle, sparking optimism for institutional adoption and even a potential spot XRP ETF. Daily trading volumes soared 208% to $12.4 billion after the settlement, with analysts estimating a 95% chance of ETF approval by October 2025. However, price action suggests the euphoria may be cooling. In the 24 hours ending August 12, XRP slipped 4% from $3.19 to $3.13, despite hitting an intraday peak of $3.32. Heavy selling during the 19:00 hour, totaling 73.87 million in volume, indicates large holders are locking in profits. While support has held at $3.12, resistance remains firm at $3.27–$3.32. Bearish Fractal Signals Potential 45% Drop Technical analysts are eyeing a concerning development on XRP’s two-week chart: a bearish divergence where price makes higher highs but the relative strength index (RSI) prints lower highs. This setup mirrors conditions from the 2017–2018 market peak, which preceded a brutal multi-month selloff. If the pattern repeats, XRP could slide toward its 50-period exponential moving average near $1.64, roughly 45% below current prices, before finding meaningful support. Interim demand may emerge around $1.90–$2.00, but the bearish fractal suggests momentum is fading. Such a correction wouldn’t necessarily end the broader bull market but could shake out overleveraged traders, reset sentiment, and set the stage for a more sustainable uptrend later. Can Bulls Invalidate the Bearish XRP Setup? Bulls see a different path. XRP is testing the $3.55 resistance level, which capped the 2018 rally, and has broken out of a multi-year symmetrical triangle. Clearing $3.55 with strong volume could open the door to $4.41 and potentially $5.68, especially if U.S. regulators approve an XRP ETF and whales shift from distribution to accumulation. Ripple’s focus on long-term infrastructure, CBDC partnerships, and real-world asset tokenization could underpin fundamental demand even if short-term price action turns choppy. Still, macroeconomic uncertainty, whale selling patterns, and technical resistance remain hurdles that traders must watch closely. For now, XRP sits at a crossroads, either confirming the ominous fractal for a steep drop or breaking through resistance to extend the post-SEC rally. Cover image from ChatGPT, XRPUSD chart from Tradingview

Peninsula Energy and its wholly owned subsidiary, Strata Energy Inc. (ASX: PEN, OTCQB: PENMF) announced that it has received approval from Wyoming’s Uranium Recovery Program to commence start-up of Phase 2 of the central processing plant (CPP) at the Lance project. The Lance project represents one of the largest US uranium projects in size and scale, with a defined JORC (2012) resource of 58 million lb. of uranium oxide (U3O8). The mine restart plan envisions an initial 10-year in-situ recovery operation with a production estimate of 4.1 million lb. from the Ross area, then moving onto the Kendrick area. The approval means that Peninsula can now progress transferring uranium on resin into Phase 2 of the CPP, utilising recovery process solutions to operate the process circuits. No further regulatory approvals are necessary to commence commercial production in Wyoming, the company said. On completion of Phase 2 construction, the Lance projects will be home to a 5,000 GPM uranium recovery ion-exchange process plant, with the capability to independently produce up to 2 million lb. per annum of dry yellowcake (U3O8) product, the company said in December. “The approval from the Wyoming URP is another encouraging development, demonstrating the integrity and safety of what we have built at the CPP,” Peninsula Energy CEO George Bauk said in a news release. “We look forward to start feeding uranium on resin from Phase 1 to Phase 2 of the CPP, completing the reset plan and working toward the production of dried yellowcake during this quarter,” Bauk said.

Aclara Resources (TSX: ARA) a clean tech company working to build an ESG-aligned supply chain for rare earths outside of Asia with pilot operations in Brazil and mining development in Chile, announced Tuesday a strategic partnership with Virginia Tech to operate its rare earths separation pilot plant at the Virginia Tech Corporate Research Center in Blacksburg, Virginia. The facility, the company said, will produce over 99.5% pure didymium (NdPr), terbium (Tb), and dysprosium (Dy) from Aclara’s sustainable Brazil-sourced feedstock—creating a Brazil–US supply chain for critical heavy rare earth elements outside of China. The rare earths developer has said its Carina deposit, in the state of Goiás, Brazil could generate 191 tonnes a year of dysprosium and terbium heavy rare earths used in electric vehicle manufacturing. Aclara opened in April its semi-industrial heavy rare earth pilot plant, which it will use to test the production of dysprosium and terbium from ionic clay extracted from its Carina project. Last month, the company formed an alliance with Stanford University to accelerate the development of AI innovations aimed at securing a sustainable supply chain for heavy rare earth elements The partnership unites Aclara’s proprietary separation technology with Virginia Tech’s leadership in mining and materials science to strengthen domestic access to critical minerals, advance R&D, and prepare the next generation of skilled talent, the company said in a news release.

As Bitcoin (BTC) continues to hover just below the $120,000 level, miners have increased transfers to Binance crypto exchange. According to analysts, elevated BTC transfers to Binance could signal an upcoming price correction for the top cryptocurrency. Bitcoin Price Correction Upcoming? According to a CryptoQuant Quicktake post by contributor Arab Chain, there was a significant spike in BTC transfers from miners to Binance crypto exchange in late July – shown in the form of double tops in the following chart. These spikes were followed by several days of above-average flows to the exchange. Early August saw another surge, with transfers ranging from several thousand BTC to more than 10,000 BTC at their peak. This activity suggests that miners are continuing to distribute BTC to the exchange. The selling comes as the asset’s price remains close to its all-time high (ATH) of nearly $120,000. Arab Chain noted that compared to the April–June period, the current miner activity resembles “stockpiling or hedging behavior” rather than typical low-noise patterns. The analyst shared several behavioral indicators to support this view. For instance, sustained high inflows during elevated price levels suggest that miners are taking advantage of the rally to secure liquidity, cover operational costs, or manage post-halving treasury needs. However, such large inflows are often linked to short-term resistance. The market must have sufficient buying liquidity to absorb this supply and prevent it from triggering a sharp price decline. The high frequency of peaks over the past two weeks also indicates that this is not a one-off occurrence. Instead, it marks a phase of heightened activity among Binance miners, which increases Bitcoin’s price sensitivity to any drop in demand. According to Arab Chain, if daily flows remain above the recent weekly average – roughly 5,000 to 7,000 BTC per day – it would point to ongoing supply pressure. Conversely, a rapid drop back to lower levels would suggest that the distribution wave was temporary and has already been absorbed. BTC May Be Preparing For A New ATH Despite consolidating just under $120,000, recent on-chain data shows few signs of the Bitcoin market overheating. In addition, the average executed order size in the Bitcoin futures market has been steadily declining, indicating greater retail participation in the rally. That said, a significant portion of short-term BTC holders have moved into profit, which could set the stage for a sell-off. At press time, BTC trades at $118,970, down 0.6% over the past 24 hours.

TRON (TRX) has extended its August rally, pushing past key resistance levels as trading volume soared to $1.07 billion in the past 24 hours. The price currently sits around $0.35, marking a 15.3% monthly gain and a staggering 172% surge year-over-year. This momentum places TRX among the top gainers on CoinMarketCap, fueled by a large network performance and growing real-world adoption. One major catalyst has been TRON’s dominance in stablecoin settlements, processing over $625 billion monthly. With more payment use cases emerging, such as high-value transactions and tourism bookings, the potential transactional demand for TRX is rising. Even without being directly accepted in Blue Origin’s recent crypto integration, TRON could benefit indirectly as many stablecoin settlements happen on its blockchain. Network Growth and Financial Strength Boost Confidence TRON’s operational performance in 2025 has been stellar. The network processed over 1.8 trillion transactions year-to-date with a 99.3% success rate, while over 70% of transactions incurred zero gas fees. On-chain activity is also up 28% compared to its 250-day average, drawing in more developers to payment and gaming dApps. Financially, TRON Inc.’s Q2 2025 earnings impressed investors with $1.47 million in net income, a major turnaround from prior losses. Shareholders’ equity soared 3,500% year-over-year to $111 million, signaling strong institutional confidence. These fundamental strengths have created a positive feedback loop, with retail and institutional investors showing sustained interest in TRX despite recent profit-taking from long-term holders. Can TRON (TRX) Reach $1 This Year? Technical analysts remain optimistic. Breaking above $0.35 could open the path to $0.45 in the near term, while some analysts predict TRX could touch $1 by September or October if bullish momentum continues. Key support lies between $0.30 and $0.32, offering potential entry points for cautious investors. Resistance at $0.35 remains a critical psychological and technical barrier; a decisive breakout could set the stage for new highs. With its blend of strong financials, network dominance, and growing real-world payment use cases, TRON appears well-positioned for a potential push toward the $1 mark in the coming months, if bulls can maintain the current momentum. Cover image from ChatGPT, TRXUSD on Tradingview

Microsoft has recently rolled out a chip called Majorana 1 that its engineers say could point the way to building quantum computers with the scale people once only imagined. Google and IBM have also posted progress updates in recent months, and some in crypto called the news alarming. But Graham Cooke, a Google veteran-turned blockchain CEO, pushed back on the panic, saying “Your wallet’s math is stronger than the fabric of spacetime itself.” Majorana 1 And The Million Qubit Claim Microsoft says Majorana 1 uses a new class of material — a “topoconductor” — and an architecture meant to make qubits more stable and easier to scale toward a million-qubit device. The company frames the chip as a step toward practical, fault-tolerant quantum machines that could handle very large problems. That kind of scale is what makes some people worry about cryptography, because certain quantum algorithms work very differently from the classical math that protects keys today. Google’s Willow And IBM Roadmaps Based on reports, Google’s Willow chip and IBM’s public roadmap have added fuel to the conversation. Google showed a chip that it says solved a benchmark task in under five minutes that, by their measure, would take a classical supercomputer roughly 10 septillion years. IBM has published plans for staged systems — Starling and later Blue Jay — to push toward many logical qubits and extensive error correction over the next several years. Those announcements mean companies are getting closer to solving long-standing engineering problems, but they do not equal an instant ability to undo modern cryptography. Why Bitcoin Isn’t Facing A Panic Right Now Cryptography experts point out that breaking Bitcoin’s elliptic-curve keys needs not just more physical qubits but stable, error-corrected logical qubits and huge run-times. Estimates vary widely, but respected analysis has shown that breaking a 256-bit elliptic curve in a practical time window would require millions or at least many hundreds of thousands of physical qubits once error correction is counted. In short: the path from a lab milestone to a machine that can target Bitcoin addresses at scale still runs through a lot of hard engineering. Seed Phrases And Dizzying Numbers Based on reports and public comments from practitioners, wallet math is not the whole story but it matters. Cooke has stressed how large a 24-word seed phrase keyspace is compared with a 12-word phrase, and he used big-picture comparisons — like saying the universe’s age of 14 billion years and “a trillion trillion” restarts — to show how vast those numbers are. Featured image from Getty Images, chart from TradingView

This morning's US CPI report came almost exactly in line, and the fact that there wasn't much diversion from expectations led to traders decidedly pricing the 25 bps Cut for the Federal Reserve's September meeting. You can access the report right here. US Equities have rallied throughout the session after a relatively mixed open. The Dow led to the upside before the S&P 500 and Nasdaq decidedly flew higher. All major US Indices close above 1%, with Tech making a V-Shape reversal led by Meta (+3.14% on the session) which put the Nasdaq back on top, up 1.26% at the end of the session. The less traded Russell 2000 is actually closing up 3% on the session, with rate cuts largely profiting small-cap stocks. Ethereum also enjoyed another fresh buying wave taking it to $4,500, levels unseen since November 2021. Equities and Cryptos really outshined other asset classes in today's session, with Metals up small and Energy commodities getting sold off further. In Forex, the Royal Bank of Australia proceed with their 25 bps cut to 3.60% with an unanimous vote which was close to 100% priced in after the disappointing Australian Jobs numbers from earlier this month. The rate cut from the RBA helped to propulse the ASX (Australian Equity Index) to new all-time highs, finishing the session around 8,900. A small parenthesis on the Yield Curve The initial rally in US Bonds have been met with some sharp curve steepening, where Bond traders buy the short-end (2 years bonds) way more than the long-end (10 and 30-year bonds). The Yields then go down in the front of the curve and up in the back. To make it simple, Inflation expectations in the front are seen lower compared to the longer-run. This also happens when Bond traders price in a front-loaded (imminent and short-lived) cut cycle. Read More: EURUSD attempts to break 1.17, sees newfound strength from the US CPI reportDaily Cross-Asset performance Cross-Asset Daily Performance, August 12, 2025 – Source: TradingView Ethereum is just flying by itself, particularly right now towards the session close. Equities are second looking at Nasdaq and the Dow that are top 2 and 3. These flows come at the cost of Oil and the US Dollar which are the worst performers of the session. A picture of today's performance for major currencies Currency Performance, August 12 – Source: OANDA Labs The Swiss Franc actually saw the most relief from the post-CPI USD selloff after lagging throughout the past few weeks, and finishes the session on top of Majors. The Loonie on the other hand got dragged down by the US Dollar as the regional forex movement trend strikes yet again. A look at Economic data releasing in tonight and tomorrow's sessions For all market-moving economic releases and events, see the MarketPulse Economic Calendar. Tomorrow's session will be interesting to see after today's trading, with relatively less market moving data. Still, brace for the German Inflation data releasing at 2:00 A.M. in the overnight session. The NA session will only see a few FED Speakers, with Goolsbee (voter in 2025, speaking at 13:00) and Bostic (13:30, not voting before 2027) appearing. The evening session will see some major releases for the AUD, more on this coming up in tomorrow's session. Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Miles Deutscher (631,000 followers on X) believes the crypto market is approaching a confluence of catalysts it has never enjoyed at this scale. In a thread posted on X in the early hours of August 12, the analyst wrote, “The stage is set for crypto’s biggest bull run ever,” arguing that the industry is facing “a bullish set of tailwinds/rate of change” unmatched in prior cycles. He then laid out ten drivers—spanning spot ETF demand, retirement-account access, stablecoin policy, political signaling, institutional adoption and market structure—that, taken together, form a cohesive case for another leg higher. Biggest Crypto Bull Run In History Deutscher’s starting point is hard flows. He notes that US spot Bitcoin and Ethereum ETFs have amassed “$17B net over the last 60 days (> $11B in July alone).” Whether measured against the asset class’s historical market depth or the post-launch settling period for the new Ether funds, those figures imply that passive, rules-based demand is still expanding rather than plateauing. In his framing, this is “bidding on an unprecedented scale,” the sort of sustained, price-insensitive intake that tends to reset valuation anchors and absorbs episodic selling. The thread then pivots to distribution. Deutscher highlights the recent move to allow 401(k) plans to hold crypto, calling it a “massive new pool of buyers (trillions),” even while acknowledging the implementation lag. He amplifies a scenario analysis from @thepfund (Trader T), who estimates that, under base-case assumptions, the policy shift could translate to “Total estimated demand for crypto: $131–465 billion,” with an “88% allocated to Bitcoin: $115–409 billion … [and] 12% allocated to Ethereum: $16–56 billion.” The same post posits that “IBIT could grow 3.1× to $272 billion” and “ETHA could grow 3.3× to $37 billion,” using BlackRock’s footprint in 401(k) assets as a proxy for potential uptake. The precise pace will hinge on plan-by-plan approvals and compliance plumbing, but the directionality—retirement wrappers as a mainstream bridge—is clear in Deutscher’s thesis. Regulatory clarity for the transactional layer is his third pillar. “The genius act was approved,” he wrote, arguing that the measure provides more certainty around stablecoins and “opens up the floodgates for blockchain/stablecoin adoption.” He pairs that claim with a datapoint on the monetary base of the crypto economy itself: “Stablecoins just hit a fresh ATH (> $280B cap), 22 months up straight.” In other words, not only is policy becoming more permissive for dollar-on-chain infrastructure, but the float of tokenized dollars and near-dollars—an essential conduit for liquidity, market-making and cross-border transfers—has been expanding for almost two years without interruption. For Deutscher, those two facts rhyme: clearer rules plus a growing dollar stack create the conditions for higher throughput and, ultimately, risk appetite downstream. Politics, while usually orthogonal to day-to-day price action, appears in his list because the signaling has become unusually overt. “The Trump family is actively shilling ETH/crypto/tokenisation,” he wrote, framing the public posture as a visibility event for the asset class. He amplified a short post from Eric Trump—“It puts a smile on my face to see ETH shorts get smoked today. Stop betting against BTC and ETH — you will be run over.”—to argue that high-level endorsements are now part of the narrative gravity well. More Catalysts For Crypto Institutional adoption remains a core motif. Deutscher cites an SEC ownership disclosure flagged by @MacroScope17 indicating that Harvard Management Company reported a new position of 1,906,000 shares of IBIT, BlackRock’s spot Bitcoin ETF, valued at $116.6 million as of June 30. “This is a hugely important ownership disclosure,” MacroScope wrote, and Deutscher agrees on the signal value: a storied university endowment has chosen to use the ETF channel to gain exposure, validating the wrapper and, by extension, the compliance pathway for peers. Inflows data are one thing; a recognizable allocator of record is another. Momentum and market behavior fill out the tactical half of his list. He points to Ethereum reclaiming $4,000—a multi-year level that, in his view, “gives it real momentum to push back toward (and beyond) its 2021 ATH.” He also argues that both majors have shown resilience—“BTC & ETH refuse to break down, even with heavy FUD”—which he reads as evidence of “seller exhaustion” meeting “sticky demand.” Related Reading: Crypto Set For $1.25 Trillion Tsunami As Trump Opens 401(k) Floodgates To underscore that take, he references @alpha_pls (Aylo), who urged traders to zoom out: “ETH/BTC has a lot of room to run and looks good on HTFs. ETH/USD looks good and it is going to break through that $4k level eventually… Ultimately, you can keep it simple: there are more buyers than sellers for the foreseeable future.” Aylo’s post also nods to potential treasury participation on the Ether side—“Tom Lee has told you his company will buy 5% of the ETH supply”—and to co-founder Joseph Lubin’s competitive posture, adding further narrative fuel to a majors-led phase. The rotation question—when and whether “altseason” reappears—features in Deutscher’s ninth and tenth points. “BTC dominance looks extremely weak, for the first time since 2024,” he wrote, framing that deterioration as a historical precursor to capital rotating down the risk curve. But he is specific about sequencing: liquidity, he says, is “more concentrated on majors/CEX, making the BTC/ETH trend cleaner,” which is “important for narrative alignment at this stage in cycle.” In contrast to late 2024, when he argues liquidity was “concentrated in the ‘trenches’—creating a less sustainable setup,” the current structure favors a strong, durable majors trend first, with healthier conditions “for an alt rotation to happen later.” Overall, Deutscher is describing a market where depth and settlement rails have thickened at the top, reducing slippage and volatility while the bid forms, before breadth expands. In his words, “The stage is set,” and if the catalysts he enumerates continue to materialize in tandem, he believes the next “explosive price move” has already begun to load. At press time, the total crypto market cap stood at $3.93 trillion.

Bitcoin’s famously noted four-year cycle, previously tied to its halving occurrences, could be losing prime market driver status, according to some top experts. For decades, the halving—a built-in reduction of miner compensation every four years—had been preceded by sharp spikes and precipitous drops in price. Now, however, the market is more subject to the influence of institutional money, regulated investment products, and general economic forces. Halving’s Control Fades As Rivals Gain Strength Pierre Rochard, CEO of The Bitcoin Bond Company, noted the halving’s supply shock is much lower now compared to Bitcoin’s early days, where the majority of the coins were still being mined. Back then, cutting rewards had a clear and heavy impact on the market. In April 2024, Bitcoin’s price pattern broke from tradition. It had already hit a record above $74,000 in March—weeks before the halving—helped by the US approval of spot Bitcoin ETFs and a wave of institutional buying. Others are of the belief the halving still has a role to play, but no longer determines the price of Bitcoin. They talk about the increased importance of liquidity, ETF trades, and sentiment among investors and they point out these now carry the same weight as supply reductions. Halving’s Role Shrinks As Market Hits Record Highs Others feel the event is still relevant to miner economics and the long-term shortage narrative but has lost some of its power in influencing short-term pricing. To them, halving is simply an element of a larger picture involving macroeconomic trends and foreign capital inflows. Figures published by CoinMarketCap indicate that the combined cryptocurrency market capitalization hit a record high of $4.15 trillion, breaking its previous record of $3.80 trillion. Trading has seen increased levels of action, with over $140 billion of cryptocurrency exchanged in the last day. Some observers are warning against writing off the four-year cycle as dead at this time. Excessive optimism often appears near market peaks, when many traders over-extend themselves and end up taking losses. Others went even further and claimed the cycle was never a law of nature but a consequence of the original design of Bitcoin, controlled by retail investors. In the meantime, the four-year cycle may be complete, according to Rochard, as halvings have little impact with 95% of BTC mined and retail, ETPs, and corporate treasuries leading demand. Featured image from Meta, chart from TradingView

Seabridge Gold (TSX: SEA; NYSE: SA) has cut broad porphyry-style copper-gold mineralization at its Snip North target in British Columbia’s Golden Triangle, boosting the district-scale potential near its shovel-ready KSM project. The first three holes of a planned 12,000-metre program this season, which follow up on zones of strong potassic alteration and mineralization discovered last year, have extended Snip North’s footprint by cutting wide porphyry-style intervals with notable copper and gold grades, Seabridge said Tuesday in a statement. A first resource for Snip North is due for release early next year, CEO Rudi Fronk said. “We are very excited by the early results from this year’s program,” Fronk said. “Our drilling is designed to achieve a density of pierce points needed for a maiden resource.” Seabridge shares rose 0.3% to C$23 Tuesday afternoon in Toronto having earlier hit C$23.11. The company has a market capitalization of about C$2.3 billion. Broad intervals Snip North is part of Seabridge’s Iskut project, which includes the Bronson Slope deposit, the former Johnny Mountain mine and surrounding exploration targets. Snip North is one of those targets and sits in the northern part of the property. The drills returned long mineralized intercepts, including 729 metres grading 0.48 gram gold and 0.16% copper from 62.5 metres down in hole SN-25-25. The interval included 254 metres at 0.77 gram gold and 0.31% copper. Two other holes extended mineralization along strike and down dip, confirming a mineralized footprint about 1,700 metres by 600 by 600. Drills turning Drilling activity in the Golden Triangle is surging this year. In June, Goliath Resources (TSX: GOT) ramped up its Golddigger (Surebet) program to about 60,000 metres and with nine rigs. Last month, Dolly Varden Silver (TSXV: DV) expanded its Kitsault Valley drill program to 55,000 metres from 35,000 metres spread across five rigs. The drills are to target the Homestake and Wolf deposits. Tudor Gold (TSXV: TUD) has also drilled 6,000 metres in seven holes, focusing on the SC-1 zone at Treaty Creek. The project is a joint venture with American Creek Resources (TSXV: AMK) and Teuton Resources (TSXV: TUO). Drilling of up to 25,000 metres this year is possible, subject to receiving results and permits, Tudor has said. Regional booster Snip North is about 30 km by air from KSM, which means it could potentially benefit from that project’s proposed development and infrastructure. Drilling to date suggests a large porphyry system at depth, which could grow with further drilling. Seabridge sees Snip North as a possible satellite deposit to KSM, potentially feeding into a central mill and processing facility if economics support it. KSM, one of the world’s largest undeveloped gold-copper projects, has 12 billion tonnes of economic resources across five deposits. It now has an after-tax NPV of $15 billion at spot metal prices, Fronk told The Northern Miner in a recent interview. KSM, which is fully permitted at the provincial and federal level, received a “Substantially Started” designation in July last year. Court hearings on challenges to that designation are scheduled for September 22–29. In July, Tudor took Seabridge and British Columbia’s Chief Gold Commissioner to court over KSM’s contested tunnels crossing under the Treaty Creek project. Early‑works spending exceeds $500 million, according to Seabridge.

After a rough month of July taking the most traded Major pair from 1.1830 highs to a 4-handle correction, the NFP report at the beginning of the month led a huge wave of higher mean-reversion – An end-July daily double top on the pair had brought fresh technical fuel to sell the Euro. August 1st marked lows at 1.13915, with oversold daily levels and an over-extended US Dollar created a perfect recipe for consequential dip buying in EURUSD. The pair is now trying to reach the 1.17 psychological level amid another fresh wave of US Dollar selling. Positive data releases for the pair have worked towards bullish fundamentals, allowing fresh buying to take place. This morning's US CPI in line report saw further pricing of FED cuts for the September meeting – with the Eurozone main policy rate staying put at 2% for the past two meetings, Markets expect rate differentials between the Euro and the US Dollar to converge further. Euro buyers seem to discard the miss in the Eurozone consumer sentiment as Markets put more emphasis on the Dollar weakness theme. For those who haven't seen, the mid-tier data release saw a weaker than expected 25.1 Eurozone ZEW Consumer sentiment vs 28.1 estimate. Let's now turn to the EURUSD technicals to spot if buyers have enough strength to break the 1.17 handle amid the broader USD weakness. Read More: Dow Jones finds the most relief after in-line US CPIThe current Daily picture for Forex Majors FX Major Watchlist, August 12, 2025 – Source: TradingView There has been some heavy selling in the US Dollar after the data release, leading to most major currencies appreciate except for the Loonie getting dragged down. The Dollar index touched 97.90 lows and has now weakly reverted above 98.00. A failure to retest higher levels points to further USD weakness (for the time being at least) EURUSD Daily Chart EURUSD Daily Chart, August 12, 2025 – Source: TradingView The pair is up close to 0.50% on the session, with the morning daily candle trying to break out of a multi-day consolidation. Buyers stepped in at the 50-Day MA to bring EURUSD to current levels. This moving average, currently standing at 1.16160 is a key barometer for bull/bear strength. RSI Momentum is back above neutral and turning higher, however more work needs to be done for bulls to push the pair higher. Let's analyze shorter timeframes to see why. EURUSD 4H Chart EURUSD 4H Chart, August 12, 2025 – Source: TradingView As long as buyers don't break the intermediate highs (1.16990), the momentum is more rangebound than upward trending. Despite this morning's push using the 50-period MA as support, the 4H MA-200 is flattening indicating indecision – This technical formation also coincides with the few overlapping bull and bear candles, generally indicating rangebound action. Furthermore, this morning's highs are forming a shorter timeframe double-top on the currency pair. EURUSD would need a further boost from USD selling to push above 1.17 – Above 1.17 however, there isn't much resistance before the 2025 highs 1.18 Zone. EUR/USD Levels to keep on your charts: Resistance Levels 1.17 psychological level (coincides with daily highs)1.1760 to 1.18 2025 highs resistance zone1.1830 2025 topSupport Levels Current Pivot Zone 1.16 to 1.16501.15 Psychological Level1.1350 to 1.14 Support 2EURUSD 1H Chart EURUSD 1H Chart, August 12, 2025 – Source: TradingView Looking even closer to the hourly charts, we see how well defined the intraday range is between the 1.1590 to 1.16 range lows and the 1.1680 to 1.17 range highs. Look for breakouts both ways to mark new momentum, however, the action looks more rangebound in the immediate picture. Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Gold prices have seen whipsaw price action today in light of US inflation data and ongoing tariff developments. The precious metal did take out yesterday's low and continues to edge lower, but whipsaw price action as short while ago saw Gold return to the $3350/oz handle. Most Read: Dow Jones finds the most relief after in-line US CPI US CPI Inflation Data The US Consumer Price Inflation (CPI) for July came in mostly as expected. Headline inflation increased by 0.2% compared to last month and 2.7% compared to last year. Core inflation (which excludes food and energy) rose by 0.3% month-on-month and 3.1% year-on-year. Looking at the details, energy prices dropped by 1.1% from the previous month, while food prices stayed the same. For products most affected by tariffs, the impact seems mild for now. Core goods (excluding cars) increased by 0.2% in July, which is a slower rise compared to the 0.55% jump in June. This suggests that companies are currently absorbing most of the extra costs from tariffs. Some specific changes: appliance prices surprisingly fell by 0.9%, clothing prices went up slightly by 0.1%, sporting goods increased by 0.4%, and furniture prices rose by 0.9%. It would appear that any inflationary impact expected from tariffs thus far are largely absorbed within US corporate profit margins.Also frontloading ahead of tariff deadlines may be keeping prices in check. The question going forward is now whether companies will continue to absorb increasing costs or will it be passed to consumers. The impact on gold was interesting with an initial move higher followed by fresh daily lows and a test of key support at 3334. Gold should in theory rise, given that the inflation print only helps a Fed rate cut in September. President Trump Rules Out Tariffs on Gold Bars Tariffs will not be placed on gold bars, according to a statement by Trump on Monday, ending uncertainty that had caused panic in the gold markets last week. Last Friday, gold futures prices hit a record high on reports of potential US tariffs on 1kg gold bars, which would have impacted Switzerland, a major gold exporter. Following Trump’s statement, US gold futures fell 2.4% to $3,407 per ounce, while spot gold dropped 1.2% to $3,357. The Swiss Association of Precious Metals Producers welcomed the news but called for a formal decision to ensure stability. A White House official said an executive order is being prepared to address misinformation about gold tariffs Gold Prices Moving Forward Looking at Gold over the medium-term and none of these events served as a catalyst for the precious metal. For now that 3500 handle seems to be unattainable as every bullish rally seems to be making a lower high the most recent of which occurred around 3407. The failure to gain acceptance above the 3400 handle does leave the precious vulnerable to further downside. Technical Analysis - Gold (XAU/USD) From a technical standpoint, Gold on a two-hour timeframe is also flashing bearish signs. There was a short-term ascending trendline which has been broken, with resistance being provided by the 100-day MA. If the 100-day MA holds firm further downside could materialize. Immediate support rests around the 3330 handle with a break below opening up a retest of the swing high at 3314 and then of course the 3300. A move higher has significant hurdles to clear in the short-term. First we have the 100-day MA at 3361 before the 50-day MA at 3373 and then of course the psychological 3400 handle. Gold (XAU/USD) Daily Chart, August 12, 2025 Source: TradingView (click to enlarge) Client Sentiment Data - XAU/USD Looking at OANDA client sentiment data and market participants are Long on Gold with 67% of traders net-long. I prefer to take a contrarian view toward crowd sentiment and thus the fact that the majority of traders are net-long suggests that Gold prices could continue to slide in the near-term. Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.