🔥OVER $460m in Crypto Shorts Liquidated Overnight! | Crypto PM on Binance Square

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🔥OVER $460m in Crypto Shorts Liquidated Overnight!

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$IOTA 19% 24-hour price surge reflects bullish momentum from a key product launch, technical breakout, and sector-wide altcoin strength. Notarization toolkit adoption drove demand for IOTA’s low-cost data solutions. Technical breakout above $0.17 confirmed bullish reversal signals. Altcoin rally lifted sentiment as ETH/BTC strength boosted risk appetite. Deep Dive 1. Primary Catalyst: Notarization Toolkit Adoption The July 3 launch of IOTA Notarization – offering tamper-proof data recording at 0.005 IOTA per transaction (vs. $0.05–$1.00 on traditional chains) – sparked institutional interest. Daily volume surged 55% to $17.3M post-launch, with follow-through buying after the July 7 Q2 report highlighted real-world adoption through partnerships like the TWIN Foundation for trade digitization. 2. Technical Context: Breakout From Key Levels Fibonacci retracement: Price cleared the 23.6% level ($0.185) and tested the 38.2% zone ($0.176). RSI: The 7-day RSI hit 78.2 (overbought), while the 14-day RSI at 63.67 suggests room for upside. MACD: Bullish crossover with histogram at +0.00468 confirms momentum shift. Conclusion IOTA’s rally combines protocol utility (Notarization toolkit), technical momentum, and favorable altcoin conditions. Watch the $0.17–$0.176 zone – sustained closes above could target $0.22 (127.2% Fibonacci extension), while rejection might retest $0.16 support. Could IOTA’s enterprise-focused use cases help it decouple from broader crypto volatility in Q3? #IOTA #IOTA/USDT

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$ALGO 11.4% 24-hour price surge reflects technical momentum and market repositioning after Tether’s USDT phase-out announcement, with traders focusing on bullish chart patterns. Technical breakout above key resistance levels ($0.22–$0.24) Market recalibration after Tether’s Algorand USDT sunsetting Altcoin rotation amid improving crypto-wide sentiment Deep Dive 1. Technical Context ALGO broke above its 7-day SMA ($0.196) and 200-day EMA ($0.208) with a bullish MACD crossover (histogram at +0.0057). The RSI-7 hit 83.28 (overbought), signaling short-term speculative buying. Traders targeted Fibonacci retracement levels ($0.215–$0.24) after a 38.6% 7-day rally, with liquidation clusters near $0.22 acting as accelerants. 2. Market Dynamics Tether’s 12 July announcement to freeze Algorand-based USDT by 1 September 2025 initially raised concerns, but the $842k USDT exposure on Algorand proved negligible (<0.001% of Tether’s $159B supply). Markets interpreted the news as a non-event, shifting focus to Algorand’s ISO 20022 readiness and low-fee ecosystem. Conclusion ALGO’s rally combines technical momentum with reduced stablecoin-related overhang, though RSI overextension suggests consolidation risks. Will bullish altcoin rotation sustain ALGO’s breakout if Bitcoin dominance continues slipping below 63.6%? #ALGO #algorand

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According to recent data, Satoshi Nakamoto becomes 11th richest person with $129 billion in #Bitcoin wealth.

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$PENGU surged 28.8% in 24 hours due to coordinated social media endorsements by major exchanges and ETF speculation. Coinbase/OKX avatar shift sparked partnership rumors SEC acknowledged PENGU ETF filing (Canary Capital) Overbought technicals (RSI 86.45) signal strong momentum Deep Dive 1. Primary Catalyst: Exchange Endorsements Three major platforms (Coinbase, OKX, OpenSea) changed their X/Twitter avatars to Pudgy Penguins-themed images on July 13, 2025. This coordinated move: Triggered speculation about NFT/token integrations. Drove 690% spike in Pudgy NFT trading volume (floor price ↑26% to 11.8 ETH) Coincided with Binance/OKX listings earlier in July, improving liquidity 2. Supporting Factors: ETF Momentum & Ecosystem Growth ETF Progress: SEC acknowledged Canary Capital’s hybrid ETF (80-95% PENGU tokens + NFTs) on July 10, with decision expected by August. Product Launches: Pudgy Party game (Mario Party-style) set for August release on Mythos Chain Whale Activity: 240M PENGU bought by large holders in past week per on-chain data 3. Technical Context RSI 86.45 (7-day) shows extreme overbought conditions Broke key resistance at $0.017 (Fibonacci 78.6% level) MACD bullish crossover (+0.0025 vs signal line +0.0017) 24h volume hit $1.14B (turnover ratio 0.63 signals liquid markets) Conclusion The price surge combines meme-driven hype from exchange avatars, ETF speculation, and technical breakout momentum – though overbought signals suggest potential near-term volatility. What’s Next: Can PENGU sustain momentum if the SEC delays ETF approval? #pengu

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🚨 Crypto Firms Want to Become Banks — Here’s Why That’s Huge 🏦💥 In a bold new push, multiple crypto companies are applying for national trust bank charters — aiming to offer full-fledged banking services under federal regulation. 🗳️ Why now? They’re racing to capitalize on the pro-crypto regulatory shift under Trump’s potential second term, which is widely expected to bring friendlier rules and faster approvals. If successful, this could mean: ✅ Crypto-native banks offering checking, custody, and lending 🔐 Federally regulated on/off ramps for DeFi 💳 Seamless crypto banking for retail + institutions This move could blur the lines between TradFi and DeFi like never before. Wall Street is watching. Washington is waking up. The crypto banking era may just be starting. What do you think? Would you trust your savings to a crypto-native bank? #CryptoNews #bitcoin #Ethereum

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