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币圈一枚老韭菜 摸爬滚打分享自己的观点及想法 公众号：币币安安
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BNB Soars Due to $2 Billion Investment
On August 12, Abu Dhabi-based MGX announced a $2 billion investment in Binance, setting a record high. Subsequently, Binance Coin (BNB) hit a new high.
This deal is entirely funded by stablecoins, marking the largest single investment in cryptocurrency history. Within 48 hours of the announcement, BNB surged over 15%, breaking through key resistance and reaching an all-time high of $864.
This rally coincides with strong demand from businesses for major altcoins, with both Ethereum and BNB valuations nearing all-time highs, while Bitcoin has also reached a historic peak.
This deal is entirely funded by stablecoins, marking the largest single investment in cryptocurrency history. Within 48 hours of the announcement, BNB surged over 15%, breaking through key resistance and reaching an all-time high of $864.
This rally coincides with strong demand from businesses for major altcoins, with both Ethereum and BNB valuations nearing all-time highs, while Bitcoin has also reached a historic peak.
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U.S. Treasury Doubles Down on Sanctions Against Cryptocurrency Exchange Garantex
The U.S. Treasury's pursuit of Garantex founders and their new exchange Grinex indicates that the initial sanctions merely forced criminals to reshape their $100 million illegal financial network rather than abandon it.
The U.S. Treasury has intensified its crackdown on illegal cryptocurrency activities, redesignating the cryptocurrency exchange Garantex Europe OU, and sanctioning its successor platform Grinex.
Previously, for many years, Garantex has been accused of processing over $100 million in transactions related to ransomware groups, dark web markets, and other cybercriminal activities.
The U.S. Treasury has intensified its crackdown on illegal cryptocurrency activities, redesignating the cryptocurrency exchange Garantex Europe OU, and sanctioning its successor platform Grinex.
Previously, for many years, Garantex has been accused of processing over $100 million in transactions related to ransomware groups, dark web markets, and other cybercriminal activities.
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Unexpected PPI Data Causes Setback in Cryptocurrency Market
Uncertainty has re-emerged in the cryptocurrency market, ending the upward trend of August. This is attributed to the latest Producer Price Index (PPI) data, which significantly exceeded expectations. Last Sunday, we emphasized the importance of the upcoming data. Those closely following the news were less impacted since Bitcoin's price was still above $120,000. Now, Bitcoin's price has dropped to $118,000. But what caused this decline? Why did cryptocurrencies drop?
Reasons behind the decline in cryptocurrencies
PPI data significantly exceeded expectations, rising 0.9% month-on-month. Even if only half of the increase is reflected in the Consumer Price Index (CPI), it could trigger serious issues. Moreover, PPI is crucial for the inflation indicator favored by the Fed—the Personal Consumption Expenditures (PCE) index. This gives Fed Chair Jerome Powell reason to avoid rate cuts citing tariff impacts.
Reasons behind the decline in cryptocurrencies
PPI data significantly exceeded expectations, rising 0.9% month-on-month. Even if only half of the increase is reflected in the Consumer Price Index (CPI), it could trigger serious issues. Moreover, PPI is crucial for the inflation indicator favored by the Fed—the Personal Consumption Expenditures (PCE) index. This gives Fed Chair Jerome Powell reason to avoid rate cuts citing tariff impacts.
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XRP in the Millionaire Club: 835,000 XRP Sold in 24 Hours
XRP is rapidly losing its position as a top asset in terms of activity, which is a concerning trend
Given XRP's recent on-chain activity, its momentum is undoubtedly concerning. Data shows that the number of active payments within 24 hours has significantly dropped to only 835,000, compared to the previous surge in network usage. Although XRP still plays an important role in the current market cycle, the decline in activity indicates that transaction usage and demand on its ledger are decreasing.
XRP's on-chain performance
XRP's price performance struggles to keep up with the broader market. While Ethereum and Bitcoin have consistently led the charge and shown strong upward momentum, especially with Ethereum approaching historical highs, XRP's price trend has noticeably lagged with more moderate gains.
Given XRP's recent on-chain activity, its momentum is undoubtedly concerning. Data shows that the number of active payments within 24 hours has significantly dropped to only 835,000, compared to the previous surge in network usage. Although XRP still plays an important role in the current market cycle, the decline in activity indicates that transaction usage and demand on its ledger are decreasing.
XRP's on-chain performance
XRP's price performance struggles to keep up with the broader market. While Ethereum and Bitcoin have consistently led the charge and shown strong upward momentum, especially with Ethereum approaching historical highs, XRP's price trend has noticeably lagged with more moderate gains.
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Whales Scoop Up 900 Million XRP, Multi-Year Breakout Target of $12.60
XRP is preparing to break through the resistance level of $3.30, with whales having scooped up 900 million XRP, providing momentum for a potential surge to $12.60.
XRP's long game: Will prices soar to $12.60?
Renowned chart analyst Ali Martinez states that XRP's multi-year symmetrical triangle breakout in November 2024 lays the groundwork for the $12.60 target, driven by classic technical extension levels rather than short-term speculation.
From a technical perspective, Martinez's argument is based on the measurement techniques traders use for triangle breakouts, which include measuring the height of the formation and predicting the distance to the breakout point, often cross-checked with Fibonacci extensions.
XRP's long game: Will prices soar to $12.60?
Renowned chart analyst Ali Martinez states that XRP's multi-year symmetrical triangle breakout in November 2024 lays the groundwork for the $12.60 target, driven by classic technical extension levels rather than short-term speculation.
From a technical perspective, Martinez's argument is based on the measurement techniques traders use for triangle breakouts, which include measuring the height of the formation and predicting the distance to the breakout point, often cross-checked with Fibonacci extensions.
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How 8% Supply Tightening Drives ETH
How does 8% of ETH in institutional reserves impact the market?
ETH has recently been warmly embraced by some institutional investors. Currently, about 8% of ETH supply is locked in ETFs and corporate reserves. Is this altcoin transitioning from a tradable token to a strategic investment tool?
Ethereum [ETH] is currently advancing price discovery, and exit liquidity is also ready to flow in.
In the past, weak hand shakeouts would trigger panic (FUD), stifle fear of missing out (FOMO), and shift risk-averse sentiment. In fact, the attached chart shows that ETH's peak often coincides with a significant vertical rise in realized profits.
ETH has recently been warmly embraced by some institutional investors. Currently, about 8% of ETH supply is locked in ETFs and corporate reserves. Is this altcoin transitioning from a tradable token to a strategic investment tool?
Ethereum [ETH] is currently advancing price discovery, and exit liquidity is also ready to flow in.
In the past, weak hand shakeouts would trigger panic (FUD), stifle fear of missing out (FOMO), and shift risk-averse sentiment. In fact, the attached chart shows that ETH's peak often coincides with a significant vertical rise in realized profits.
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Cardano (ADA) Soars 15%, Can Bulls Break Through $1.00?
Cardano's price has started a new round of increase from the $0.80 area. ADA is currently in an upward trend and may attempt to break through the $1.00 area.
ADA's price has started to rise again from the support area of $0.80.
The price is trading above $0.950 and the 100-hour simple moving average.
On the hourly chart for ADA/USD, a key bullish trend line is forming, with support at $0.9350 (data from Kraken).
If it breaks through the resistance area of $1.00, this currency pair may continue its upward trend.
Cardano's price is expected to rise steadily.
ADA's price has started to rise again from the support area of $0.80.
The price is trading above $0.950 and the 100-hour simple moving average.
On the hourly chart for ADA/USD, a key bullish trend line is forming, with support at $0.9350 (data from Kraken).
If it breaks through the resistance area of $1.00, this currency pair may continue its upward trend.
Cardano's price is expected to rise steadily.
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Tron Founder Sun Yuchen Sues Bloomberg to Prevent Disclosure of Cryptocurrency Assets
Sun Yuchen claimed that the media promised to keep his asset data confidential and attempted to include him in the Billionaires Index but later drafted a profile that disclosed detailed cryptocurrency holdings.
Tron founder Sun Yuchen has filed a lawsuit in the U.S. District Court for the District of Delaware, trying to prevent Bloomberg from disclosing what he calls highly sensitive details of his cryptocurrency holdings.
The blockchain entrepreneur stated that disclosing information would violate his privacy and put him and his family at risk.
Masayoshi Son claimed in the lawsuit that Bloomberg had approached him earlier this year, hoping to include him in its online Billionaires Index (a ranking of the world's richest individuals).
Tron founder Sun Yuchen has filed a lawsuit in the U.S. District Court for the District of Delaware, trying to prevent Bloomberg from disclosing what he calls highly sensitive details of his cryptocurrency holdings.
The blockchain entrepreneur stated that disclosing information would violate his privacy and put him and his family at risk.
Masayoshi Son claimed in the lawsuit that Bloomberg had approached him earlier this year, hoping to include him in its online Billionaires Index (a ranking of the world's richest individuals).
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Someone conducted a counter-hack against North Korean IT workers and discovered this secret
A team of North Korean IT agents used 31 fake identities and is suspected of hacking the fan token market Favrr in June, causing losses of $680,000.
According to recent leaked screenshots from an employee's device, a small group of North Korean IT workers is linked to a $680,000 cryptocurrency hacking incident that occurred in June, and they have been using Google products and even renting computers to infiltrate cryptocurrency projects.
On Wednesday, ZachXBT shared in an X post how North Korean hackers operate internally. This information came from an 'anonymous source' who successfully hacked into one of their devices.
According to recent leaked screenshots from an employee's device, a small group of North Korean IT workers is linked to a $680,000 cryptocurrency hacking incident that occurred in June, and they have been using Google products and even renting computers to infiltrate cryptocurrency projects.
On Wednesday, ZachXBT shared in an X post how North Korean hackers operate internally. This information came from an 'anonymous source' who successfully hacked into one of their devices.
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Golden Cross Forms, Whales Buy 1 Billion DOGE: Boosting Confidence for the Next Moon Mission?
Dogecoin (DOGE) is riding a new wave of bullish momentum, as a giant whale has purchased 1 billion Dogecoins in just 24 hours, worth approximately $200 million. According to CoinMarketCap, this massive accumulation has driven Dogecoin up more than 11.2% in the past day, with the current price hovering around $0.24.
Currently, major holders own nearly 50% of the total Bitcoin supply, indicating strengthening confidence among institutional investors. Analysts point out that this concentrated buying may reduce seller liquidity, potentially paving the way for greater volatility in the future.
Currently, major holders own nearly 50% of the total Bitcoin supply, indicating strengthening confidence among institutional investors. Analysts point out that this concentrated buying may reduce seller liquidity, potentially paving the way for greater volatility in the future.
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Analyst Chooses Dogecoin as His Current Favorite Altcoin
Cryptocurrency analyst CryptoInsightUK praises Dogecoin as one of the hottest altcoins currently, noting its clear weekly structure and the expanding ascending wedge that is still dominating prices as its selling point. His report begins with a clear title—"My Top Altcoin Recommendation: Dogecoin"—and then articulates this view in simple terms: "We have been actively trading Dogecoin for about a week and a half, and I have been sharing updates on the trade with everyone. Dogecoin looks very bullish on the weekly chart, and if it can close above $0.241 this week, it may close with a bullish engulfing candlestick. That would be fantastic."
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Ethereum leads strongly, is Bitcoin losing its momentum?
In the cryptocurrency space: 1. According to Trader T's monitoring, the net inflow into the US spot Bitcoin ETF yesterday was $66.32 million. The Ethereum ETF saw a net inflow of $523.43 million yesterday. 2. On August 13, it was reported that on-chain data shows Bitcoin miners sold over 2,000 Bitcoins in the last three days. 3. According to monitoring, a newly created wallet address '0x2A92' withdrew 23,365 ETH from Kraken overnight, worth $104 million at an average price of $4,451. 4. According to monitoring, SharpLink (SBET) increased its holdings by 5,226 ETH overnight, worth $23.1 million at an average price of $4,422. 5. AguilaTrades opened another long position in ETH while shorting BTC: BTC: 40x short position, holding 50 coins ($6.011 million), opening price $119,484.8; ETH: 15x long position, holding 10,000 coins ($45.96 million), opening price $4,588.44. 6. According to on-chain monitoring, addresses associated with the Ethereum Foundation sold 4,095 ETH at a price of $4,578 per token in the past four hours.
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Is a Signal for an 8x Surge in Dogecoin Emerging? The Mysterious Pattern Ignites the Crypto Craze!
The market is swirling with undercurrents, and a key signal is quietly emerging.
Remember that Dogecoin that was brought to fame by Elon Musk? After a long period of silence, it has suddenly become the focus of the crypto world again! A mysterious pattern known as the 'cup and handle' is making countless investors' hearts race—analysts boldly predict: Dogecoin may be on the brink of an epic rally!
1. Dogecoin Awakens: From 'Meme Coin' to Market Focus
Once upon a time, Dogecoin was just a somewhat joking 'meme coin.' But its charm lies in the powerful community force behind it—the Dogecoin Army. Even during the long winter of the market, this passion has never faded.
Remember that Dogecoin that was brought to fame by Elon Musk? After a long period of silence, it has suddenly become the focus of the crypto world again! A mysterious pattern known as the 'cup and handle' is making countless investors' hearts race—analysts boldly predict: Dogecoin may be on the brink of an epic rally!
1. Dogecoin Awakens: From 'Meme Coin' to Market Focus
Once upon a time, Dogecoin was just a somewhat joking 'meme coin.' But its charm lies in the powerful community force behind it—the Dogecoin Army. Even during the long winter of the market, this passion has never faded.
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Ethereum Surpasses Market Giants, Aiming for New Records
Ethereum (ETH) has now surpassed major companies like Netflix (NFLX) and Mastercard (MA), and is approaching American pharmaceutical giant Eli Lilly. On Tuesday, Ethereum's price broke $4,600, and on Wednesday it soared to an intraday high of $4,682. This rise marks its impending return to the highest level since November 2021, needing just a 5% increase to set a new record.
Ethereum Approaches Record Heights
Ethereum's price trend over the past two days has allowed its market value to surpass that of top companies. Strong buying and an increase in trading volume have brought its price close to historical highs for the first time in nearly three years.
Ethereum Approaches Record Heights
Ethereum's price trend over the past two days has allowed its market value to surpass that of top companies. Strong buying and an increase in trading volume have brought its price close to historical highs for the first time in nearly three years.
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Ethereum emits a once-in-a-decade bull market signal
The charts for Ethereum are shining brightly, as Kev Capital's cryptocurrency analyst Kevin stated, this is a 'once in a decade' bullish signal convergence—he indicated that these patterns and indicators have never appeared simultaneously in the asset's history. In the video update on August 12, Kevin revisited his prediction for the 'ETH season' in May and detailed why this surge almost perfectly aligned with expectations, while warning that the final technical hurdle still exists.
Ethereum faces its final hurdle
Two months ago, when sentiment towards Ethereum reached its most pessimistic level in years, Kevin issued a warning based on the ETH/USD, ETH dominance, and ETH/BTC monthly charts. "We might be among the first to issue these warning signals for ETH... it's so obvious, so obvious... it's a historic event," he said. Since that warning, ETH has risen over 150%, and related 'testnets' like Chainlink, Uniswap, and Ethereum Classic have also achieved triple-digit percentage growth from their lows.
Ethereum faces its final hurdle
Two months ago, when sentiment towards Ethereum reached its most pessimistic level in years, Kevin issued a warning based on the ETH/USD, ETH dominance, and ETH/BTC monthly charts. "We might be among the first to issue these warning signals for ETH... it's so obvious, so obvious... it's a historic event," he said. Since that warning, ETH has risen over 150%, and related 'testnets' like Chainlink, Uniswap, and Ethereum Classic have also achieved triple-digit percentage growth from their lows.
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DOGE rises 22%, bull flag breakout triggers bullish options at $0.295
As the chart pattern points to $0.27 to $0.295 and traders track the golden cross signal, Dogecoin has risen 22% within a week.
Bull flag breakout on the 4-hour chart
Dogecoin (DOGE) has risen 22% over the past week and 7.5% in the last 24 hours, trading at $0.24. Daily trading volume reached $3.45 billion. Analyst trader Tardigrade stated that a bull flag breakout has formed on the 4-hour chart, with a target price of $0.295.
It is worth noting that this pattern started with a rise from $0.20 to $0.24, forming a flagpole, followed by a brief downward-sloping consolidation period.
Bull flag breakout on the 4-hour chart
Dogecoin (DOGE) has risen 22% over the past week and 7.5% in the last 24 hours, trading at $0.24. Daily trading volume reached $3.45 billion. Analyst trader Tardigrade stated that a bull flag breakout has formed on the 4-hour chart, with a target price of $0.295.
It is worth noting that this pattern started with a rise from $0.20 to $0.24, forming a flagpole, followed by a brief downward-sloping consolidation period.
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On the day of Ethereum's surge, he reattached the "ETH10K" license plate | OKX Friends - Conversation with Wesley
At the moment the red taillights lit up, Wesley reattached the license plate reading ETH10K. He said with a smile: "Cars can be bought again, positions can be refilled, but dignity must be regained first."
After the Spring Festival, ETH dropped, making him feel cold inside, with market predictions everywhere about hitting "800 dollars." He sold all three cars: a Ferrari used for buying Coke, an SUV for grocery shopping, and a red Porsche with the "ETH10K" license plate. He even let go of the license plate, and sold two properties in Australia, running to a farm to pick fruits, doing physical work during the day and self-studying programming at night, working for a few projects.
After the Spring Festival, ETH dropped, making him feel cold inside, with market predictions everywhere about hitting "800 dollars." He sold all three cars: a Ferrari used for buying Coke, an SUV for grocery shopping, and a red Porsche with the "ETH10K" license plate. He even let go of the license plate, and sold two properties in Australia, running to a farm to pick fruits, doing physical work during the day and self-studying programming at night, working for a few projects.
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In less than 20 minutes, an increase of over 110%? Just pull it!
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Ether price surpasses $4,500 for the first time since 2021
On Tuesday, August 12, the price of Ether continued to rise, breaking through $4,500 for the first time in over three years.
According to TradingView's Coinbase data, the second-largest digital currency by market capitalization is valued at $463.8 billion.
Additional data from Coinbase provided by TradingView shows that the cryptocurrency has risen nearly 40% this month, having previously dropped to around $3,375 on August 2.
In explaining the latest price surge, several analysts providing insights for this article pointed to a range of factors, including significant capital inflows into exchange-traded funds (ETFs) that offer exposure to digital assets.
According to TradingView's Coinbase data, the second-largest digital currency by market capitalization is valued at $463.8 billion.
Additional data from Coinbase provided by TradingView shows that the cryptocurrency has risen nearly 40% this month, having previously dropped to around $3,375 on August 2.
In explaining the latest price surge, several analysts providing insights for this article pointed to a range of factors, including significant capital inflows into exchange-traded funds (ETFs) that offer exposure to digital assets.
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SOL has been fluctuating between $167 and $192 this week. It has increased by 13% over the past 7 days, bringing the monthly gain close to 13%. However, even so, the coin is still 7% lower than its level six months ago, indicating a long-term trend that remains sideways.
Buyers are entering near the support level of $152, while sellers are appearing just below $202. If the price breaks through $202, it may challenge $227, which is about an 18% increase from today's high range. Conversely, if it falls below $152, it could drop to $127, which is about 23% lower than the current price.
The momentum indicator is close to the neutral zone, suggesting that the current situation may be a consolidation rather than an accelerated upward movement. The 10-day moving average ($184) is slightly above the 100-day moving average ($178), indicating that the short-term trend is leading the long-term trend, which is favorable for the price to gradually push towards $202 in the short term. However, the longer-term trend remains mixed, meaning that traders may continue to sell on rallies until the price clearly closes above $202.
Buyers are entering near the support level of $152, while sellers are appearing just below $202. If the price breaks through $202, it may challenge $227, which is about an 18% increase from today's high range. Conversely, if it falls below $152, it could drop to $127, which is about 23% lower than the current price.
The momentum indicator is close to the neutral zone, suggesting that the current situation may be a consolidation rather than an accelerated upward movement. The 10-day moving average ($184) is slightly above the 100-day moving average ($178), indicating that the short-term trend is leading the long-term trend, which is favorable for the price to gradually push towards $202 in the short term. However, the longer-term trend remains mixed, meaning that traders may continue to sell on rallies until the price clearly closes above $202.
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