Has the bottom been seen for the bottomless pit of altcoins?
The Good: Both $BTC and $USDT dominance will continue to decline.
The Bad: The market has gained a significant premium, and a correction is inevitable. Most altcoins haven't gained much value during this period. How much more value will they lose during the correction?
The Ugly: Mad President Trump and inconsistent US data, going back and forth. How much longer can the market withstand this? What will the Fed's interest rate decision be at the next meeting? Who will win the Trump vs. Powell battle?
I felt to update my post on $BTC dominance on August 10th in light of recent price action.
I was expecting a flat correction pattern, as BTC's dominance correction hasn't been substantial enough, but it appears the correction has already ended as a zigzag correction pattern.
In this case, while we may see a correction in dominance in the coming days, I expect it to be quite mild. However, the good news is that dominance has made a downward push in 5 waves, indicating a reversal in the trend's favor for altcoins. Following the correction, we'll likely see sharper appreciation in altcoins. I expect this appreciation, initiated by ETH, to spread to other altcoins soon.
I want to emphasize two things:
1. A decline in dominance doesn't always mean BTC will lose value. It just means altcoins will outperform BTC. That's all!
2. In previous cycles, money first flowed into BTC, then ETH, and finally other altcoins. I believe this will happen again in this cycle.
$POL is approaching its reversal level. A long position can be taken at the support zone between $0.2128 and $0.2257. This wave count will be invalidated if a break below $0.1902. Therefore, this level can be used as a stop-loss. The $0.4901 level can be used as a take-profit level. For partial profits, consider the $0.2883 and $0.3654 levels.
Bitlayer, in collaboration with Binance Wallet, is running its “Booster” campaign, which has now entered Phase 2. This initiative offers participants the chance to earn BTR tokens, positioning it as one of the more notable opportunities in the current BTCFi ecosystem.
The campaign is designed to reward early engagement and community participation, providing users with an opportunity to interact directly with Bitlayer’s growing ecosystem. By partnering with Binance Wallet, Bitlayer ensures a seamless experience for participants while expanding its reach to a global user base.
In addition to the ongoing Booster campaign, Bitlayer has announced that its Pre-TGE (Token Generation Event) will launch soon. This next stage represents a significant milestone in Bitlayer’s roadmap, as it moves closer to full token release and wider ecosystem integration.
For users seeking early exposure to promising projects in the Bitcoin Layer 2 space, Bitlayer’s Booster campaign and upcoming Pre-TGE event may serve as important entry points. With strong institutional backing, ecosystem partnerships, and a clear focus on BTCFi infrastructure, Bitlayer continues to build momentum toward becoming a leader in Bitcoin-native DeFi.
Are you planning to join Phase 2 of the Booster campaign and position yourself ahead of the Pre-TGE launch?
Google Updates Play Store Policy Following Crypto Wallet Backlash
Google has clarified its Play Store policy after facing criticism from cryptocurrency developers. The initial guidelines appeared to ban all crypto wallets in the US and EU without federal licenses, failing to distinguish between custodial and non-custodial wallets. This sparked concern across the industry, as non-custodial wallets are a cornerstone of decentralized finance and self-sovereign asset management.
The quick clarification reflects the challenges of integrating decentralized technologies into mainstream platforms. Web2 companies like Google operate within strict regulatory frameworks, yet the decentralized nature of blockchain often defies traditional classifications. By responding to developer feedback and adjusting its stance, Google has demonstrated a willingness to adapt and acknowledge the unique requirements of Web3 applications.
This incident illustrates a broader trend: the gradual negotiation between centralized platforms and decentralized technologies. As blockchain adoption grows, Web2 companies are being pushed to create policies that enable innovation while still addressing regulatory obligations and consumer protections.
The question for the future is how this balance will evolve. Will Web2 platforms become effective gateways that accelerate Web3 adoption, or will friction between centralized oversight and decentralized principles remain a barrier?
How do you see the relationship between Web2 platforms and Web3 technologies evolving over the next few years?
Bitlayer Secures $25 Million in Institutional Funding
Bitlayer has successfully closed a $25 million funding round backed by some of the most respected names in venture capital and institutional finance. The round was led by Polychain Capital, Franklin Templeton, Framework Ventures, and ABCDE, underscoring strong confidence in Bitlayer’s vision and technological roadmap.
This investment highlights the growing recognition of Bitlayer’s role in shaping the future of BTCFi. By building core infrastructure such as the BitVM Bridge and a high-performance Bitcoin Layer 2 network, Bitlayer is working to unlock new opportunities for yield generation, scalability, and cross-chain interoperability while staying true to Bitcoin’s foundational principles of security and decentralization.
Participation from both traditional finance giants and established crypto-native VCs signals a deepening convergence between the two worlds. For institutions, supporting Bitlayer represents not only an investment in infrastructure but also a strategic step into the rapidly emerging Bitcoin DeFi ecosystem.
The fresh capital will accelerate development, strengthen ecosystem partnerships, and expand global adoption efforts. As BTCFi continues to evolve, Bitlayer’s ability to attract premier investors places it in a strong position to lead the next wave of innovation.
Is this funding milestone the catalyst that propels Bitlayer to the forefront of Bitcoin’s Layer 2 landscape?
BitVM Bridge Accelerates Growth Through Strategic Partnerships
Bitlayer’s BitVM Bridge is gaining strong momentum as it continues to expand its ecosystem through high-profile collaborations. The project has secured partnerships with major Layer 1 networks such as Sui, Base, Arbitrum, and Cardano—establishing interoperability with some of the most active blockchain ecosystems in the market.
Alongside these integrations, Bitlayer has also aligned with leading Bitcoin mining pools including Antpool, F2Pool, and SpiderPool. These partnerships strengthen network security, liquidity, and adoption potential, while reinforcing BitVM Bridge’s role as a trust-minimized solution for moving Bitcoin across chains.
By combining relationships with both Layer 1 platforms and mining infrastructure, Bitlayer is creating a uniquely positioned network effect. This dual-pronged approach not only boosts cross-chain utility for Bitcoin but also lays the foundation for BTCFi applications to scale securely and efficiently.
The rapid pace of expansion signals strong confidence in BitVM Bridge’s role within the broader Bitcoin Layer 2 landscape. With institutional interest rising in BTC-native DeFi and yield opportunities, Bitlayer’s ecosystem strategy could place it at the center of the next growth wave in crypto.
Will this level of integration across chains and mining pools solidify BitVM Bridge as the backbone of BTCFi adoption?
Bullish, the cryptocurrency exchange backed by Peter Thiel, made a remarkable entrance onto the New York Stock Exchange, with its shares soaring more than 150% above the IPO price. The performance signals not only strong demand for Bullish itself but also growing investor confidence in crypto-native businesses entering traditional capital markets.
This debut is more than a milestone for one company—it highlights the increasing willingness of both retail and institutional investors to allocate capital to businesses directly tied to the digital asset ecosystem. While the crypto market has long been known for its volatility, the success of Bullish’s listing suggests that investor appetite is expanding beyond tokens and into equity opportunities linked to blockchain infrastructure.
The surge also raises broader implications for the industry. If traditional investors continue to embrace crypto-adjacent equities, it could pave the way for more exchanges, custodians, and blockchain service providers to seek public listings. Such a trend would deepen the integration of digital assets into mainstream finance and create new channels for capital inflow.
The question now is whether this momentum reflects a long-term structural shift in how investors perceive the crypto sector, or if it is a short-term enthusiasm driven by market hype.
How does Bullish’s debut shape your outlook on retail and institutional appetite for crypto-related stocks? Is this a turning point toward sustained mainstream adoption, or just another speculative cycle?
Binance Creator Pad: Turning Ideas Into Market-Ready Blockchain Solutions
The blockchain industry is moving fast, and transforming a good idea into a successful Web3 product requires more than just technical skill. Binance Creator Pad was built to close that gap—connecting creators with the expertise, resources, and global reach they need to compete and thrive.
Rather than being just a launchpad, Binance Creator Pad serves as a complete growth ecosystem. It supports projects from the earliest stages of development all the way to global expansion, offering guidance on product design, tokenomics, community building, and strategic partnerships.
What sets it apart is the combination of mentorship, infrastructure, and direct access to Binance’s massive user base. Teams gain the advantage of launching within an established network, reducing time to market and increasing the chances of long-term adoption.
From DeFi protocols and NFT marketplaces to blockchain gaming and real-world asset platforms, Binance Creator Pad is open to diverse innovations that can push the boundaries of what’s possible in the decentralized economy.
In a competitive market where timing and execution are everything, Binance Creator Pad positions ambitious projects to move faster, scale bigger, and build smarter.
Crypto Reacts Sharply to PPI Surprise: $1B in Liquidations
The cryptocurrency market faced significant volatility after an unexpected rise in the Producer Price Index (PPI) triggered over $1 billion in liquidations. Bitcoin briefly dipped below $112,000 as traders rapidly unwound positions in response to the macroeconomic shock.
Interestingly, while the broader market showed signs of fragility, Ethereum ETFs recorded strong inflows totaling $729 million, suggesting that institutional demand for ETH remains resilient despite short-term turbulence.
This episode underscores the growing correlation between digital assets and traditional financial markets. Macroeconomic indicators such as inflation reports, interest rate projections, and employment data are increasingly influencing crypto price action, reflecting its deeper integration into the global financial system.
For investors, this alignment raises important strategic questions. Should risk management approaches evolve to account for traditional market-style volatility and macro-driven cycles? Or does this heightened connection present a new layer of opportunity, allowing informed traders to profit from predictable market reactions to economic data?
The shift in market dynamics is undeniable. How participants adapt could define who thrives in this increasingly interconnected landscape.
What is your take—adjust strategies for stability, or embrace the volatility for potential gains?
BitVM Bridge: Leading the Way in Bitcoin Layer 2 Innovation
BitVM Bridge has secured its position as one of the earliest projects built on the BitVM framework to successfully achieve a live mainnet deployment. This milestone marks a significant advancement in Bitcoin’s evolving Layer 2 landscape, showcasing both technical execution and market readiness.
As a trust-minimized bridge solution, BitVM Bridge enables secure and efficient transfers of Bitcoin into Layer 2 environments without relying on centralized custodians. By leveraging the unique capabilities of BitVM, it delivers a high level of security while maintaining compatibility with Bitcoin’s core principles of decentralization and transparency.
Launching a fully operational mainnet at this stage demonstrates BitVM Bridge’s industry leadership and its ability to move from concept to production ahead of much of the competition. This early-mover advantage positions the project to attract developers, liquidity providers, and institutional participants looking to engage with BTCFi and Bitcoin-native DeFi solutions.
With the broader market exploring ways to scale Bitcoin and unlock yield opportunities for BTC holders, BitVM Bridge’s live deployment is a signal of both technological maturity and strategic positioning. By setting the standard for secure, decentralized Bitcoin bridging, it is paving the way for the next wave of adoption in the BTC Layer 2 ecosystem.
Crypto Fear and Greed Index Hits 75: Optimism or Overheating?
The crypto fear and greed index has surged to 75, placing it firmly in “greed” territory and reflecting strong optimism across the market. This shift is largely being fueled by institutional inflows and growing mainstream adoption, both of which suggest the possibility of sustained price strength in the near term.
High readings on the index often coincide with bullish sentiment and increasing risk appetite, conditions that can drive further momentum. With more institutional capital entering the space and adoption expanding, the market narrative is leaning toward continued upward movement.
However, history shows that extreme greed levels frequently precede short-term corrections. Rapid acceleration in sentiment can leave markets vulnerable to sharp pullbacks, as profit-taking and sudden shifts in risk perception trigger volatility. The challenge for investors is balancing the excitement of potential gains with the caution needed to navigate overheated conditions.
Whether this marks the start of another major leg up or a setup for a cooling-off period remains uncertain.
What is your personal fear and greed index right now? Are you bullish and expecting higher highs, or do you think this is the calm before a potential correction?
ChainLink ($LINK )'s unstoppable rise! The next target is $52.55. However, the main target for the current cycle is $127.95 and above. These are short-term and medium-term targets. What about long-term? I won't share because I don't want you to think I'm crazy.
Bitlayer’s Market Positioning: Building the Future of BTCFi
Bitlayer is positioning itself as a key player in the emerging BTCFi sector, aiming to deliver the infrastructure needed to unlock Bitcoin’s full potential in decentralized finance. By combining advanced bridging solutions with high-performance Layer 2 scaling, Bitlayer is targeting a rapidly growing market of Bitcoin holders and developers seeking secure, yield-generating opportunities.
At the core of this vision are two flagship components:
- BitVM Bridge: A next-generation, trust-minimized BTC bridge solution designed to facilitate secure, efficient, and decentralized asset transfers. This approach reduces reliance on centralized intermediaries, enhancing security and aligning with Bitcoin’s trustless ethos.
- Bitlayer Network: A high-performance Bitcoin Rollup that enables scalable, low-cost transactions and smart contract capabilities, laying the foundation for a thriving Layer 2 ecosystem. This opens the door for innovative BTC-native DeFi protocols, payment solutions, and cross-chain integrations.
By addressing two of Bitcoin’s key limitations—scalability and interoperability—Bitlayer seeks to position itself as the definitive infrastructure provider for BTCFi. The combination of secure bridging and robust Layer 2 architecture has the potential to attract institutional players, developers, and long-term Bitcoin holders into a unified ecosystem.
As BTCFi evolves, Bitlayer’s strategy could place it at the forefront of Bitcoin’s next major adoption wave, bridging the gap between the world’s most valuable digital asset and the innovation of decentralized finance.
Ethereum Nears All-Time High: Breakout or Pullback Ahead?
Ethereum is trading less than 10% below its all-time high, putting the market on alert for a potential breakout. Institutional interest continues to rise, with ETH holdings in exchange-traded funds and investment products steadily increasing. This trend highlights growing confidence in Ethereum’s role beyond a smart contract platform, as it becomes a core asset in diversified crypto portfolios.
If Ethereum can break above its current resistance, the move could trigger a significant wave of short liquidations. Such an event would likely accelerate upward momentum, potentially pushing ETH into uncharted territory. Historical patterns show that when key resistance levels are breached, the combination of short squeezes and renewed buying can fuel rapid price appreciation.
However, the path forward is not without risks. Sharp rallies often invite profit-taking, which can lead to temporary pullbacks before a sustainable uptrend resumes. The balance between bullish momentum and market caution will determine whether Ethereum can maintain new highs or face a consolidation period.
With institutional demand strengthening and technical indicators pointing to a possible breakout, the crypto market is watching closely.
Is this the beginning of the long-anticipated “flippening” where ETH outperforms BTC, or will the market see a sharp correction before Ethereum can firmly establish new highs?
BTCFi, or Bitcoin-based decentralized finance, is emerging as a promising frontier in the digital asset space. As traditional financial institutions and publicly traded companies increasingly explore Bitcoin integration, new opportunities are arising for platforms that can connect institutional capital with on-chain yield generation.
Bitlayer is positioning itself to capitalize on this trend by addressing a clear market gap: enabling BTC holders to earn yield on their assets without converting to other cryptocurrencies. With Bitcoin’s market dominance and the growing appetite for yield-bearing instruments, this segment has the potential to draw significant liquidity.
The value proposition is straightforward. Institutional adoption brings greater credibility and capital inflow. Publicly traded companies can integrate Bitcoin into treasury strategies. Retail and institutional holders alike are seeking secure, transparent ways to generate returns. Bitlayer aims to meet these needs by combining Bitcoin’s established brand and security with DeFi’s innovation in yield generation.
If successful, this approach could help bridge the gap between traditional finance and Bitcoin-native decentralized markets, accelerating BTCFi’s growth. As more players enter the space, the competition will be defined by trust, security, and the ability to deliver consistent returns.
Will BTCFi become the next major chapter in Bitcoin’s evolution, and can Bitlayer position itself as a market leader in this rapidly forming ecosystem?
S&P Global Assigns First Credit Rating to a DeFi Protocol
In a historic move for decentralized finance, S&P Global has issued its first-ever credit rating for a DeFi protocol, granting Sky a B- rating. This marks a significant milestone in the intersection between traditional finance and blockchain, potentially opening the door for greater institutional participation in DeFi markets.
Credit ratings are a cornerstone of traditional finance, offering investors standardized assessments of risk. By applying these frameworks to DeFi, institutions may gain the confidence needed to allocate capital to decentralized platforms. This could lead to more liquidity, broader adoption, and a stronger bridge between the two financial worlds.
However, the development also raises important questions. One of DeFi’s founding principles is the removal of centralized gatekeepers. Introducing ratings from established, centralized agencies may enhance trust for traditional investors but could also create a layer of dependency on institutions that the DeFi ecosystem was originally designed to bypass.
The challenge ahead will be balancing the benefits of increased legitimacy and adoption with the need to preserve decentralization, transparency, and autonomy.
How will traditional credit ratings influence DeFi’s future? Will they accelerate institutional trust and adoption, or will they risk diluting its core decentralized ethos?
Binance CreatorPad: Accelerating the Next Wave of Web3 Innovation
Binance CreatorPad is a launch platform designed to empower blockchain creators, innovators, and entrepreneurs to bring their projects to life. By providing a comprehensive suite of resources, CreatorPad helps turn visionary ideas into impactful Web3 products with global reach.
Selected projects gain access to Binance’s extensive ecosystem, including technical infrastructure, strategic mentorship, marketing support, and potential fundraising opportunities. This holistic approach ensures that promising teams have the tools and guidance needed to scale efficiently in a competitive market.
Key benefits of Binance CreatorPad include:
- Expert mentorship from leading blockchain professionals - Exposure to Binance’s vast user base and community - Strategic partnerships and collaborations to drive adoption - Support for token launches, liquidity, and market entry
By bridging the gap between innovation and execution, Binance CreatorPad aims to accelerate adoption of decentralized applications, DeFi protocols, NFTs, and other blockchain-based solutions. It serves as both an incubator and a launchpad, enabling creators to focus on building while receiving world-class support.
With Web3 rapidly expanding, platforms like Binance CreatorPad play a critical role in shaping the future of digital economies. For builders ready to make an impact, it represents an opportunity to bring groundbreaking ideas to a global audience.
$TREE : A Green-Focused Utility Token Driving Climate-Positive Blockchain Innovation
TREE is an environmentally minded utility token designed to promote meaningful action against climate change through blockchain. Each transaction, staking activity, or smart contract interaction with TREE directly contributes to funding reforestation initiatives or offsetting carbon emissions Binance.
Key Features of TREE:
- Carbon Offset Ledger: Every network interaction generates verifiable environmental data that’s immutably recorded on-chain Binance. - NFT Trees: Users can mint “living NFTs” tied to actual trees planted in recognized reforestation zones—these NFTs visually grow as the real trees flourish Binance. - Green Yield Farming: Stakers can deposit TREE tokens into eco-focused pools to earn yield, while supporting sustainable projects Binance. - DAO Governance: Token holders participate in a decentralized decision-making process, voting on which environmental initiatives receive funding Binance.
Why TREE Stands Out:
- ESG Alignment: As environmental, social, and governance considerations gain traction globally, TREE is uniquely positioned to meet rising demand for responsible and transparent crypto solutions Binance. - Partnership Potential: Early pilots involve NGOs, environmental startups, and carbon credit brokers, indicating growing institutional interest Binance. - Programmable Impact: TREE offers a tangible bridge between digital actions and real-world ecological benefits, making it meaningful for both users and organizations tracking sustainability metrics.
Outlook for TREE:
While speculative, the token’s clear environmental intent gives it potential to resonate with both retail and institutional audiences. Should it scale and integrate into ESG reporting frameworks or loyalty programs built around green rewards, TREE could establish itself as a model for climate-positive decentralized finance.
On August 8, 2025, Bitcoin’s hashrate surged to a record level of approximately 976 EH/s, marking an unprecedented milestone for the network. This surge reflects unmatched network security and growing miner confidence, even as Bitcoin’s price remains relatively flat.
A rising hashrate indicates that more computational power is securing the network, often viewed as a sign of long-term strength. For many analysts, such an increase—especially at a time when prices are stable—suggests that miners, including large institutional operations, are positioning for potential future gains. The investment in infrastructure and operational capacity required to reach this level indicates a strong belief in Bitcoin’s resilience and growth prospects.
Historically, significant hashrate growth has sometimes preceded major price movements, as miners tend to commit resources when they anticipate favorable market conditions. However, it is important to note that price correlation is not guaranteed, and other macroeconomic and market factors can influence Bitcoin’s trajectory.
With this record-setting hashrate serving as an indicator of miner expectations, the question arises: Is this a signal that the market is preparing for a price recovery?