Blue Jay

$BTC $ETH $ADA
🔍 What's Happening Now:
• Bitcoin remains above $114K, supported by technical levels at its 50‑day EMA. Analysts expect a bullish reversal building, with targets of $148K–$189K in the event of sustained momentum.
• Ethereum pulls back ~6% in 24 hours after approaching $3,800, but analysts expect a future ATH (all‑time high).
• SharpLink contributes $54M to ETH reserves, purchasing more than 15,800 ETH within hours becoming one of the leading corporate ETH treasuries in the world.
• Elon Musk stirs alarm through Grok that quantum computing (IBM's Blue Jay system) could endanger Bitcoin's SHA-256 encryption integrity.
• US tariffs and macro uncertainty press down on crypto, causing liquidation and selling pressure as markets react to new trade policies.
• In Indonesia, crypto trade taxes jumped on August 1: 0.21% on domestic transactions (up from 0.1%) and 1% on foreign exchanges (from 0.2%). VAT abolished for consumers but doubled on mining. Income tax regulations will change in 2026.
• Whispers of a new Chinese crypto ban connected to the digital yuan program have emerged but prime sources and publications deny such reports; BTC bounced back rapidly to ~$113K after the hype.
• CoinDCX resumes withdrawals after a $44M security incident. User fund safety was guaranteed by exchange management.
• The UK's FCA has appointed Anurag Bajaj (former Standard Chartered) to enhance the crypto and payments regulatory regime in accordance with the initiative to position the UK as a world digital asset centre.
• Tron's founder Justin Sun, traveled to suborbital space on Blue Origin, accompanied by five others including other cryptocurrency personalities.
• Experts highlight leading cryptos in August: Dogecoin can rebound towards $0.20–$0.23 in the near future, while Remittix (RTX) is also getting hype as a long-term hold candidate with an active payments wallet and staking incentives.
• Cardano (ADA) hovers around $0.78, with whispers about if it can regain $1 as significant holders quietly stock up.
• Market outlook from DeepSeek AI recommends a handful of coins as “best buys for August 2025” premium AI-generated picks to watch.