Crypto

Three months into its full Bitcoin mining pivot, Chinese company Cango mined 450 BTC in July. Three months after divesting its auto financing unit to focus on Bitcoin mining, Chinese conglomerate Cango (CANG) has significantly ramped up crypto production, indicating that its acquisition of Bitmain mining rigs is enhancing its capacity amid intensifying industry competition. Cango produced 650.5 Bitcoin (BTC) in July, a sharp increase from 450 BTC in June, according to data from Farside Investors. Farside also noted it has added Cango to its miner dashboard while removing Hut 8 due to a lack of monthly production disclosures.  As Cointelegraph reported, Cango mined a combined 954.5 BTC in April and May — the first two months following its full transition into Bitcoin mining. Read more

Bitcoin is facing selling near $115,000, but LTC, CRO, ENA and MNT are bucking the trend and showing strength on the charts. Key points: Bitcoin is facing significant selling at $115,000, indicating that bears are trying to take charge. If Bitcoin maintains above $112,000, LTC, CRO, ENA, and MNT could resume their up move. Read more

Cardano (ADA) has seen its trading volumes increase by more than 30% in the past 24 hours and has hit the $1 billion threshold unexpectedly, favoring a bullish Cardano price prediction as the token rises to $0.75.The token recovered during the weekend and trimmed its 7-day losses. However, it is still the second-worst-performing token of […] The post Cardano Price Prediction: $1 Billion in Trading Volume Appears Overnight – Is Smart Money Loading Up on ADA? appeared first on Cryptonews.

The drop came amid a market sell-off triggered by bitcoin's drop to $112,800, which sparked $360 million in liquidations in 24 hours.

Ponke, a Solana meme coin with a viral social media following, is set to release a plush toy with a blunt to match.

The new tool is part of the Coinbase Developer Platform (CDP) and lets developers integrate self-custodial wallets into their apps without any hiccups.

PEPE lost nearly 4% of its value in 24 hours amid a broader market sell-off, with its price falling from $0.00001083 to $0.00001002.

SharpLink Gaming has continued its ETH accumulation, acquiring 83,561 ETH worth $264.5 M last week at an average $3,634, raising holdings to 521,939 ETH. ETH-per-share concentration has reached 3.66 as the company funds purchases via its ATM facility and stakes 100% of assets for yield. The post SharpLink Boosts Holdings With New $264M ETH Purchase – Institutional Adoption Rising? appeared first on Cryptonews.

ADA struggled to hold $0.740 amid broader crypto weakness, heavy trading volume and distribution pressure following the NIGHT token airdrop.

Trading volatility intensifies as NEAR tumbles 5% before establishing support.

On Aug. 4, US spot Ethereum exchange-traded funds (ETFs) saw $465.1 million in net outflows, marking the largest single-day withdrawal since their launch. SoSo Value data shows that BlackRock’s ETHA fund was the primary contributor, with $375 million in outflows, setting a new record for the fund and ending its 21-day streak of consecutive inflows. […] The post Spot Ethereum ETFs see record $465M outflow, led by BlackRock’s ETHA appeared first on CryptoSlate.

XRP price has bounced from last week’s pullback, now ranking among the best-performing tokens in the top 5, adding fresh credence to a long-term bullish XRP price prediction.Its year-to-date gains have surged to 47.7%, and mainstream recognition is catching up. USA Today recently called XRP “the smartest cryptocurrency to buy with $500 right now,” highlighting […] The post XRP Price Prediction: USA Today Calls XRP the Smartest $500 Buy – Institutions Coming? appeared first on Cryptonews.

"Time to return to all time highs is near," one analyst said.

Structured as equity, the investment marks MEXC’s push into the region amid growing institutional interest in Indonesia's maturing crypto space.

The Ethereum price has risen by 2.5% in the past 24 hours, but could a couple of big whale purchases send the altcoin even higher? The post Ethereum Price Prediction: Two Whales Just Bought $400M on the Dip – What Do They Know That You Don’t? appeared first on Cryptonews.

Crypto rises as Fed pivot bets build, SOL leads. ETH sees ATH ETF outflow. BMNR bought 200k ETH in past week. Vitalik proposes multidimensional ETH fees. US set to fine banks for crypto discrimination. SEC issues guidance on stablecoin accounting. Chainlink launches US equity data streams. Anti-Crypto Warren is a LOSER: Trump. CFTC opens door to crypto futures exchanges. Coinbase, Paypal to offer stablecoin yield. Thiel backed Bullish files for IPO. Arkham uncovers $3.5bn crypto heist

Increased demand for downside protection reflects macro risks, not an imminent Bitcoin price collapse, which could help BTC avoid a trip down to $110,000. Key takeaways: Bitcoin futures premium stays in neutral range despite higher demand for price protection. Global economic uncertainty drives interest in hedging, not direct bets on falling BTC prices. Read more

A stalwart in showing strong economic activity, the ISM Services PMI has moved notably slower over the past three months.

Cosmos’ ATOM token rebounds sharply from $4.18 lows, forming a new support base amid strong institutional buying.

Price action remained volatile between $2.83 and $3.11, with short-term upside stalling at resistance levels while volumes surged past 110 million XRP — including a $33 million one-minute transaction that spooked order books.