according to materials from the site - By U_Today
Bollinger warns about Bitcoin, Ethereum outperforms competitors, says Tom Lee from Fundstrat, and Coinbase adds 21 new cryptocurrencies – Crypto News Digest
Bitcoin and other cryptocurrencies are forming a 'false signal' after the compression of Bollinger Bands.
Technical warning. Creator of Bollinger Bands John Bollinger warned about a 'false signal' in Bitcoin and other cryptocurrencies.
John Bollinger, the legendary analyst known for creating the 'Bollinger Bands' indicator, recently posted a technical analysis warning on social media platform X. He noted that Bitcoin and several other cryptocurrencies are forming a 'false signal' after the compression of Bollinger Bands.
What is a 'false signal'? This term, originally used in basketball, refers to a sudden movement in one direction followed by a reversal, trapping traders. This term, originally borrowed from basketball, refers to an asset sharply moving in one direction before reversing, catching traders off guard.
On August 3, Bitcoin on the Bitstamp exchange fell to a multi-week low of $111,919 and then recovered to $115,732 at the beginning of this week. Bollinger likely refers to this fake signal of decline that ultimately turned out to be a trap for bears.
If Tom Lee had to choose only one asset, he would choose Ethereum (ETH) over Bitcoin (BTC).
ETH's moment in 2017? Tom Lee said that Ethereum is experiencing its '2017 moment' as Wall Street finally starts to take tokenization seriously.
In a recent appearance on the Coin Stories podcast hosted by cryptocurrency educator Natalie Brunell, long-time stock market bull Tom Lee expressed that Ethereum (ETH) is the biggest macroeconomic deal of the next decade.
Lee believes that ETH is currently experiencing its '2017 moment' as he is convinced that Wall Street will finally take tokenization seriously. Why is Ethereum better? The analyst noted that banking giant JP Morgan, a leader in security and fraud prevention, still has a significant share of suspicious activity (around 7%).
Long-term optimist regarding ETH. Lee considers Ethereum a more advantageous long-term investment than Bitcoin.
Nevertheless, Lee stated that he would choose the leading altcoin if he had to choose between Bitcoin and Ethereum over the next decade. However, this eternal bull is not inclined to pick just one asset.
'In my 30 years of investment experience, I've never been told that I should have only one choice, and I've never seen anyone make the right decision based on just one option,' he emphasized.
The most popular assets on Coinbase are meme coins, and it's clear why.
Hype surrounding meme coins. Coinbase added 21 new crypto assets in the second quarter of 2025, with meme coins like Fartcoin, Prompt, and Zora leading in trading volume.
With the addition of 21 new cryptocurrency assets to the Coinbase spot market in the second quarter of 2025, meme coins naturally took center stage. Kaiko data shows that the most traded tokens were Fartcoin, Prompt, and Zora. There were over three million trades involving Fartcoin alone. This demonstrates the exchange's shift towards coins that attract many retail buyers and often charge high trading fees.
Financial results for the second quarter. The listing boosted retail trading activity, but it was not enough to meet profit forecasts.
These revenues coincide with Coinbase's mixed financial results for the second quarter. Although revenue increased by 33% year-over-year to $1.05 billion, it is still less than analysts' forecast of $1.59 billion.
Short-term business acumen supports the exchange's plan to add more highly active tokens. Despite the volatility, meme coins are a real gold mine for exchanges. Due to the low price per unit, fast news cycles, and social media hype, they are constantly bought and sold, leading to transaction fees.
Why meme coins? Meme coins generate frequent trades due to low prices, hype, and volatility.
However, this strategy based on leveraging meme coins is risky. These assets are notorious for their vulnerability to manipulation, whether it be hype cycles driven by influencers, liquidity shortages, or coordinated pump-and-dump schemes.
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