Crypto

Michael Saylor's Strategy has expanded its Stretch preferred stock offering to $2B, cutting the issue price to $90 amid heightened demand. The firm has stated proceeds will fund further Bitcoin purchases, even as a Delaware suit has contested recent share amendments. The post Michael Saylor’s Strategy Boosts Bitcoin War Chest With $2B Raise – Bloomberg appeared first on Cryptonews.

Bitcoin may face a short-term dip as a bearish divergence, CME gap, and a high IBCI reading point to downside below $115,000. Key takeaways: A hidden bearish divergence on the RSI hints at weakening bullish momentum for Bitcoin. A CME gap between $114,000–$115,000 could act as a magnet.  Read more

A growing majority of Gen Z crypto traders are turning to artificial intelligence (AI) to guide their strategies and it’s making them less prone to panic selling. According to a July 24 report from MEXC Research, which analyzed over 780,000 Gen Z trading accounts in the second quarter, found that 67% of users aged 18 […] The post MEXC finds that 67% of Gen Z crypto traders use AI tools, resulting in fewer panic sells appeared first on CryptoSlate.

The moves came as XRP reached an all-time high. It has more recently retreated.

ChatGPT's BTC Analysis has reviewed 42 indicators showing Bitcoin steady at $118,688, 16.6% above its 200-day EMA. RSI 63.83 aligns with expanding treasuries at Genius Group, Goldman Sachs, and BNY, balancing altseason rotation and quantum security worries over the next 90 days. The post ChatGPT’s 42-Indicator Bitcoin Analysis Flags Key $120K Test Amid Altseason Uncertainty appeared first on Cryptonews.

The partnership aims to use Grok’s AI to analyze real-world events for Kalshi’s regulated prediction markets.

Ethereum is gaining momentum against Bitcoin, with the ETH/BTC ratio jumping over 40% in the past month, from roughly 0.022 on June 23 to about 0.031, according to data from CryptoRank. This growth is due to increased institutional activity and robust inflows into Ethereum-focused exchange-traded funds (ETFs). Notably, Ethereum ETFs have attracted $4.4 billion in […] The post ETH/BTC ratio jumps 70% from April low as Ethereum overtakes Bitcoin in weekly spot volume appeared first on CryptoSlate.

The NYSE-traded firm said that it now held 566,776 ETH.

The issuer of the largest stablecoin per market capitalization is exploring the landscape after the GENIUS bill passed into law.

XRP vastly outperformed ETH over the past year, but institutional investor demand for Ether could change the trend. Key takeaways: XRP leads in yearly gains, surging 552% since July 2024 and 49% year-to-date. ETH sees major institutional adoption, with over $4.4 billion in holdings from firms like Bit Digital and BlackRock. Read more

After about two weeks of hearing from US government witnesses, Roman Storm’s legal team called Preston Van Loon to the stand to kick off its defense case. Prosecutors in the criminal trial of Tornado Cash co-founder and developer Roman Storm rested their case on Thursday, opening the door for defense counsel to call an Ethereum core developer as its first witness.  According to reporting by Inner City Press on Thursday from the US District Court for the Southern District of New York, Ethereum core developer Preston Van Loon testified in Storm’s defense case, which is expected to last about a week. The developer reportedly described Tornado Cash as a “privacy tool for Ethereum” and said he had used the mixing service four times to send a combined 43 Ether (ETH) in 2019 or 2020, citing safety concerns. “If [hackers] know the scope of my assets I can become a target,” said Van Loon, according to reporting from the courtroom. Read more

Myriad Markets users are making predictions on SharpLink Gaming’s Ethereum holdings, PENGU’s price, and a matchup between PUMP and Fartcoin.

As SOL retreats by 6% in the past 24 hours, a top-ranked trader at Bybit has shared a bullish Solana price prediction that could deliver sizable gains to those who take advantage of this dip.Crypto trader Christiaan, a DeFi investor and official partner for the large crypto exchange, believes that Solana still has much more […] The post Solana Price Prediction: Analyst Calls for $500 Breakout – How Quickly Can it Happen? appeared first on Cryptonews.

The TON Foundation and Kingsway Capital Partners are seeking to raise at least $400 million for a crypto treasury company that would hold Toncoin, according to a Bloomberg News report citing people familiar with the matter. The planned vehicle would use a private investment in public equity (PIPE) structure, in which a publicly traded company […] The post Ton Foundation seeking $400M to setup public treasury company to accumulate Toncoin appeared first on CryptoSlate.

A new More Perfect Union video sheds light on what life is like for Granbury, Texas, residents living with the near-constant noise of a Bitcoin mining operation. Many residents of a Texas town southwest of Dallas, facing health problems allegedly associated with constant noise, don’t seem to have anything good to say about a crypto mining facility run by MARA Holdings. In a video released Thursday by the nonprofit advocacy organization More Perfect Union, reporter Dan Lieberman spoke to residents of Granbury, Texas, some of whom lived less than a mile from MARA’s 300-megawatt Bitcoin (BTC) mining facility. Many long-term residents and retirees described life as “hell” under the near-constant noise of the mining operation, which lies in an unincorporated area of Hood County.  “It never goes away, headaches never go away,” said one elderly resident on camera, with the sound of the facility easily heard in the background. Read more

Bit Origin’s DOGE purchase for its crypto treasury could improve sentiment and boost the altcoin above the $0.29 resistance. Key point: Bit Origin’s DOGE purchases for its crypto treasury could limit the downside and open the doors for a rally above $0.29. China-based pork processing company and Bitcoin miner Bit Origin said on Monday that it had completed the acquisition of 40.5 million Dogecoin (DOGE) for its crypto treasury. Earlier, the firm said on July 17 that it aims to become the largest publicly traded DOGE holder. For that, the firm has entered into agreements with investors to raise $500 million via a combination of share sales and debt offerings. Read more

Celebrity meme coin creator Sahil Arora claims to be behind Askren's promo of a Solana meme coin that rugged investors.

The Senate is working on its own version of the crypto market structure bill, after already getting stablecoin legislation passed into law.

Toncoin holds above $2.87 as bulls eye $5.30 target. Rising trend, overbought signals, and wallet launch support outlook.

Crypto Council For Innovation has elevated Ji Hun Kim from chief legal and policy officer to CEO, spotlighting his track record at Gemini, Kraken, and Willkie Farr & Gallagher and his work with lawmakers across multiple jurisdictions as the trade group enters a new phase of engagement. The post Crypto Council For Innovation Names Ji Hun Kim As CEO After Sheila Warren Departure appeared first on Cryptonews.