Will the SUI Price Correction Break $3 Floor?

August 20, 2025

A sharp decline in SUI futures open interest (OI) reflects the waning investors amid market uncertainty
A bull flag pattern drives the current correction trend in SUI price.
The $3.14 floor, currently coinciding with the 200-day EMA, provides a high area of interest (AOI) for traders.

The SUI price shows a 5.1% decline during Tuesday’s market hours to currently trade at $3.45. The selling pressure aligns with Bitcoin’s pullback below $115,000 amid the macroeconomic development in the U.S. market. However, the SUI coin faces additional bearish momentum amid ‘sell-the-news’ market sentiment following the Robinhood listing and the declining trend in future open interest. Will the correction trend push this altcoin below the $3 floor?

Derivatives Activity Drops as SUI OI Contracts to $1.79B

Over the past three weeks, the SUI price shows a notable correction from $4.44 to the current trading value of $3.43, projecting a 23.16% loss. Subsequently, the asset market cap has dived to $12.13 billion. The bearish momentum deepened during Tuesday’s market hours as traders engaged in profit-taking following the short-lived boost from its Robinhood listing.

Amid the price pullback, the SUI futures open interest (OI) has also plunged from $2.66 billion to $1.79 billion, accounting for a 32% fall. The contraction in OI reflects a sharp decline in speculative activity as traders close their open positions in the market to brace for significant volatility.

Historically, such a sharp drop in OI value suggests a cooling speculative phase for buyers to regain exhausted bullish momentum.

Simultaneously, the total volume locked (TVL) on the SUI network also declined from $2.13 to $2, showcasing a 6.13% loss. This drop in TVL indicates that investors are gradually pulling liquidity out of SUI’s DeFi ecosystem.

SUI’s Total Volume Locked (TVL) | DefiLlama

A sustained weakness in TVL could weigh on SUI’s growth outlook. If the trend resumes, the coin price could face additional pressure and drive a prolonged downfall.

Also Read: Chainlink Price Defies Market Pullback With Whale Confidence; $30 Leap Next?

SUI Price for Major Support Test With Flag Formation

The SUI price analysis of the daily time frame chart shows the current correction trend is resonating within the bull flag formation. The chart setup is characterized by a long ascending trendline, reflecting the dominant trend in price, followed by two converging trends to drive a brief correction to recuperate bullish momentum.

The flag pattern is commonly spotted within an established uptrend, as it allows buyers to recoup the exhausted bullish momentum before the next leap. The coin price bounces at least twice from the pattern’s two trendlines and validates its credibility to influence future trend movements.

Currently trading at the $3.44 mark, the SUI price is just 5.5% away from challenging the pattern’s bottom trendline at $3.14. With the broader market correction and declining trend in the future market, the sellers strengthened their grip over this asset. A bearish breakdown below the support trendline will accelerate the selling pressure and drive a prolonged correction of over 11% to hit $2.83 support, followed by a plunge to the $2.64 floor.

The $3.14 mark currently aligns with the 200-day Exponential Moving Average (EMA), establishing a key pivot level for this asset. If the buyers manage to hold this support, the bullish flag pattern will continue to develop and drive a potential price swing towards the overhead trendline.

A potential breakout from flag resistance will signal the continuation of prevailing recovery trend and support a bullish surge of over 15% to hit the $4.4 target.

Also Read: Blockchain Lender Figure Technology Files for $400M IPO

SEC Chair to Create “Future-Proof” Framework for Crypto

Rajpalsinh Parmar

August 19, 2025

SEC Chair to Create “Future-Proof” Framework for Crypto

Key Highlights

SEC Chairman Paul Atkins reveals his top priority to create a “future-proof” regulatory framework for the crypto
This framework will provide crypto market protection against regulatory mischief
SEC fast-tracks a pro-innovation framework from the White House

In a thread posted on X (formerly Twitter), SEC Chairman Paul Atkins has revealed his top priority, which is the creation of a robust regulatory framework designed to “future-proof” the cryptocurrency markets.

I had a great conversation with @TeresaGoody at @SALTConference’s Wyoming Blockchain Symposium today about my priorities as @SECgov chairman, including Project Crypto and making IPOs great again. It’s a new day at the SEC.

Thread 🧵⬇️ pic.twitter.com/I7UIrjQFpT

— Paul Atkins (@SECPaulSAtkins) August 19, 2025

According to the thread, this impressive initiative comes from clear recommendations by the President’s Working Group on Digital Asset Markets. It is expected to move beyond reactive enforcement and instead build a resilient structure that protects innovation and investors.

“The President’s Working Group on Digital Asset Markets released clear recommendations for the SEC—and we’re setting out to implement them as soon as we can,” Paul Atkins said.

“We must craft a framework that future-proofs the crypto markets against regulatory mischief. I look forward to working with my counterparts across the Administration and Congress to get the job done,” he added further.

SEC’s Pro-Crypto Stance Opens Door for Friendly Regulations

The statement from SEC Chairman Paul Atkins was shared during a discussion at a blockchain event in Wyoming, which was part of the SALT Conference, and he posted about it online on August 20, 2025.

In his comments, he focused on his main goals as the head of the SEC, specifically talking about a new effort called ‘Project Crypto’ and his desire to make the process for companies to go public, known as IPOs, strong and attractive again.

He brought up a recent report from a special group created by the President, which gave clear advice for the SEC on how to update its rules. This is all part of supporting President Donald Trump’s aim for the United States to become the leading global center for cryptocurrency.

The way the United States government deals with cryptocurrency has changed a great deal in 2025 with the new administration, moving on from the previous strategy that relied heavily on legal punishments.

Early in the year, the President signed an order to create a special working group focused on digital assets. This group, led by David Sacks, finished a report at the end of July that contained eighteen suggestions for improving the country’s position in financial technology.

These ideas include creating better definitions for different types of digital assets, setting up safe testing environments for new products known as regulatory sandboxes, and making it possible to trade these assets under clear federal rules.

The group has a very strict timeline to review current regulations, suggest changes, and deliver a complete plan for a new framework, which might even include the government building its own reserve of cryptocurrency from assets it has taken control of, all supporting the broader goal of American leadership in blockchain.

There has also been important movement on new laws in Congress. One significant bill that has passed the House of Representatives establishes wide-ranging rules for the crypto industry, and the Senate is now looking at comparable proposals.

Other proposed laws are designed to clearly define which government agency, either the SEC or a different one called the CFTC, is in charge of overseeing various types of digital assets.

For instance, one proposal suggests that assets on decentralized networks should be treated like commodities and regulated by the CFTC, while assets from centralized companies should be seen as securities and stay under the SEC’s watch.

Furthermore, a new law about stablecoins, which are a specific type of cryptocurrency, was already signed into law early in the year, representing a major step forward for establishing clear rules for the industry.

In a noticeable change from the past, the SEC has temporarily stopped its aggressive legal actions against some of the biggest companies in the crypto space.

This new approach of working with the industry is a big shift away from the previous method, which many felt was governed mostly by launching lawsuits and using an old legal test to argue that most cryptocurrencies should be considered securities.

There are still some ongoing court cases that highlight the continuing debate over these issues, but the general direction is now toward finding clarity and cooperation instead of confrontation.

A central part of this new direction is the SEC’s own Project Crypto, which was officially started by Chairman Atkins at the end of July. The main objective of this project is to update the country’s securities rules to better fit the world of digital assets and to help make the U.S. the top market for crypto.

The leader of this effort is Commissioner Hester Peirce, who has long been known for her supportive views on innovation. Similarly, Treasury Secretary Scott Bessent made a huge statement earlier, not once but twice. First, he declared that the federal government would not be buying more Bitcoin to expand its Strategic Bitcoin Reserve, a move that sent ripples through the crypto market.

Chainlink Price Defies Market Pullback With Whale Confidence; $30 Leap Next?

Sahil Mahadik

August 19, 2025

Chainlink price could face a bearish pullback from $27.22 resistance and seek support from the $22.7 and $20 floor.
LINK futures open interest bounced to a $1.75 billion high, indicating the increasing conviction from derivative traders for a potential price jump.
On-chain data shows a crypto whale bought 322,655 LINK (worth approximately $8.2 million) from the Binance exchange before the U.S. trading hours.

The Chainlink price witnessed heightened volatility during Monday’s U.S. market hours, reflected by a long-wick daily candle and only 0.55% growth. The sharp change in price movement was triggered by the clash between the broader market pullback and LINK’s growing demand among investors. Will this altcoin lose to the current market trend or hold its value to chase a higher target?

LINK Price Rises Amid Whale Accumulation and Futures Boom

LINK, the native cryptocurrency of the decentralized oracle network, has seen a notable surge from $21 to its current trading value of $25.6, representing a 22% growth. Subsequently, the asset market cap has boost to

The upswing reflects a firm conviction from buyers, as it came around a broader market pullback, which pushed Bitcoin below $117,000.

This current recovery in Chainlink price is backed by its increasing adoption and active accumulation from large investors. According to the on-chain tracker, Lookonchain, a crypto whale address ‘0x4EBD…’ withdrew 322,655 LINK (worth approximately $8.2 million) from the Binance exchange before the U.S. market hours.

Following the recent purchase, the whale’s withdrawals have reached 1,043,949 LINK (worth $24.64 million) over the past 3 days. The buying pressure reflects strong confidence from high-net-worth investors despite a market-wide correction.

Adding to the bullish note, the Open Interest (OI) data reflect a firm belief of future traders towards Chainlink’s potential price movement. According to Coinglass data, the LINK Futures OI value has taken a sharp surge from $1.22 billion to $1.75 billion in the last two days, reflecting a 43% bounce.

This increase indicates that traders are opening new positions in the market in anticipation of a major move. Typically, the rising OI with price indicates increasing long positions in the derivative market, which reflects the increasing bullish narrative for price.

Also Read: Blockchain Lender Figure Technology Files for $400M IPO

Key Support To Watch in Chainlink Price Correction

Along with broader market recovery, the recent surge in Chainlink price recovery was a combined push from multiple factors, including the partnership with Intercontinental Exchange (ICE), the launch of the LINK reserve, institutional adoption, and growing appeal.

However, from the technical perspective, the price showed a textbook example of a cup and handle pattern. This chart setup is characterized by a long U-shaped accumulation zone followed by a temporary pullback to regain bullish momentum.

On August 9th, the coin price gave a decisive breakout from the pattern neckline resistance of $20, signaling the buyers’ win over a 6-month accumulation trend. Following the breakout, the Chainlink price gained significant momentum to reach the $25 mark.

However, the 4-hour chart shows overhead selling pressure at the $26 mark, evidenced by a long-wick rejection candle. If the market selling pressure persists, the coin price could enter a post-rally pullback to stabilize its current uptrend and recuperate the exhausted bullish momentum.

The past trend of this uptrend shows a constructive pullback towards the 23.6% to 50% Fibonacci retracement level. Thus, the anticipated reversal in Chainlink price could seek support at the $22.7 and $20 floor, which coincided with the 23.6% and 32.6% FIB levels.

If the buyers manage to hold these levels, the coin price is likely to hit the $30 mark.

Also Read: Dogecoin Price Eyes $0.26 as Whale Activity Sparks Buy-the-Dip Sentiment

Blockchain Lender Figure Technology Files for $400M IPO

Rajpalsinh Parmar

August 18, 2025

Blockchain Lender Figure Technology Files for $400M IPO

Key Highlights

Figure reported $43.8 million revenue and a $29.1 million profit in H1 2025
The company has processed over $16 billion in loans using blockchain, proving DeFi can work at scale in real-world finance
If successful, Figure’s $400 million Nasdaq IPO could open the door for more crypto firms to enter public markets

Figure Technology Solutions, a major player in blockchain-based lending, has officially filed for an initial public offering (IPO), aiming to list on the Nasdaq under the ticker symbol FIGR.

This is not just another tech company going public. It is a crypto-native firm entering into the big leagues, proving that blockchain is not just about Bitcoin memes and wild speculation. It is about real money, real loans, and now, real stock market investors.

Figure Seeks Public Market Debut

In the first half of 2025, Figure raked in $43.8 million in revenue, up more than 22% from the previous year. The company flipped a $13 million loss in early 2024 into a $29.1 million profit just a year later, according to the latest report.

That is the kind of turnaround that makes investors sit up and take notice. Since launching, Figure has handled over $16 billion in loans, all powered by blockchain tech. For an industry that critics once dismissed as a playground for hackers and day traders, this is a serious flex.

One can think of Figure as a next-gen lender, which is one that cuts out the middlemen. Traditional banks take forever to approve loans, charge hefty fees, and keep borrowers in the dark.

Figure uses blockchain to make lending faster, cheaper, and totally transparent. Whether it’s home equity lines of credit (HELOCs) or other loan products, the company has found a way to make decentralized finance (DeFi) actually work in the real world. And with interest rates still high, more people are turning to flexible options like Figure’s instead of dealing with slow-moving banks.

The timing of this IPO is no accident. After quietly filing confidential paperwork with the SEC earlier this year, Figure is now making its move public, right as crypto is enjoying a fresh wave of investor hype amid bullish momentum in the major cryptocurrencies like Bitcoin and altcoins.

Social media chatter, especially on X (formerly Twitter), has been buzzing with speculation that this could be the start of a new trend as the blockchain firms ditch the shadows and step into the stock market spotlight.

Estimates suggest the IPO could raise around $400 million, though the final numbers are still up in the air.

But Figure isn’t alone in this push. Over the past year, more crypto-related companies have been eyeing public listings, trying to shake off the industry’s risky reputation and prove they’re here to stay.

Bloomberg recently called it a “rush of crypto firms entering the market,” and if Figure’s IPO goes well, it could open the floodgates for others. The big question is whether Wall Street is ready to fully embrace blockchain.

The company is actually making money. Unlike so many crypto startups that burn through cash with little to show for it, Figure has turned a profit, kept costs under control, and shown that blockchain lending isn’t just theoretical.

It is a viable business. That is a huge deal in an industry where even big names have collapsed under mismanagement and wild speculation.

Still, challenges remain. The SEC has been cracking down on shady crypto projects, and while Figure’s focus on lending might help it avoid some regulatory landmines, nothing is guaranteed.

But if all goes well, this could be a watershed moment. A successful IPO won’t just be a win for Figure, as it will be a win for the entire blockchain industry, proving that decentralized finance can stand shoulder-to-shoulder with traditional banking.

Nasdaq, known for listing tech giants, seems like the perfect stage for this debut. And if Figure’s stock takes off, it could inspire a whole new wave of crypto companies to go public, blurring the lines between old-school finance and the blockchain revolution.

Dogecoin Price Eyes $0.26 as Whale Activity Sparks Buy-the-Dip Sentiment

Sahil Mahadik

August 15, 2025

Anonymous Wallet Gets Over $15 Million Worth of Dogecoin

The Dogecoin price indicates a potential bullish inverted head and shoulder formation, provided buyers manage to defend $0.211 support.
Market analysts highlight a renewed interest in Dogecoin whales as their transaction count hits a one-month high.
A rising channel pattern drives a 6-month accumulation trend in DOGE.
The flattish trend in 100-and-200-day exponential moving averages accentuates a mid-term sideways trend in this memecoin

DOGE, the largest main cryptocurrency by market cap, is down over 8.5% during the Thursday U.S. market hours to trade at $0.224. The selling pressure likely followed Bitcoin as it plunged below the $118,000 mark amid the regulatory and monetary developments in the U.S. market. As the memecoins are naturally volatile, they incur major movements during a fresh change in the market. However, the Dogecoin price shows potential for a bullish rebound amid the increased whale interest and formation of a bullish reversal pattern. Will the dog-themed coin reclaim $0.25?

Dogecoin Whale Activity Bullish Rebound

On Thursday, August 14th, the crypto market experienced a sudden sell-off, as evidenced by Bitcoin’s drop below $180,000 after reaching a new high of $124,517. The bearish momentum followed a recent comment from U.S. Treasury Secretary Scott Bessent, stating that the government is “not going to be buying” Bitcoin for its strategic reserve.

The higher-than-expected U.S. July Producer Price Index (PPI) annual rate of 3.3% indicates a persistent inflationary pressure, which decreases the potential for an interest rate cut in September.

However, for Dogecoin, the intraday sell-off is countered by a renewed interest in high-net-worth investors. According to a recent tweet from market analyst Ali Martinez, the whale transaction count (>1 million USD) has recently hit a one-month high.

This memecoin has been in a correction trend for nearly a month, indicating the recent on-chain data as buy-the-dip sentiment among whales. Historically, an accumulation trend from large investors has bolstered the coin price with renewed recovery and major reversals.

Dogecoin Price Eyes Bullish Reversal Amid Inverted Head and Shoulders Pattern

With today’s price drop, the Dogecoin price currently trades at $0.224 and holds its market cap at $33.77 billion. If the bearish momentum persists, the price could plummet another 5% and seek support at the $0.211 level. The horizontal floor coincides closely with the 100-and-200-day exponential moving average, creating a high rate of interest for buyers to recoup the bullish momentum.

If the support holds, this memecoin will also maintain its bullish reversal pattern of inverted head and shoulders in the 4-hour time frame chart. The pattern resembles an upside-down “head” with two smaller “shoulders” on either side, forming a V-shaped recovery.

If the pattern holds true, the Dogecoin price could drive a strong rebound to the $0.26 mark and challenge the pattern’s neckline resistance for a breakout. The post-breakout rally could push the price another 10% before hitting the next significant resistance of the rising channel pattern at $0.28.

Since March 2025, the coin price has been resonating within the two parallel trendlines of this pattern, driving a steady sideways trend with a slight upward incline. The coin price reversed thrice from the overhead resistance trendline and twice from the bottom one, validating how strongly the pattern influences DOGE’s potential direction.

An anticipated surge to the pattern’s upper boundary could provide buyers with an opportunity for the bullish breakout and exit this long accumulation phase.

Also Read: Bitcoin Price Targets $132k With Next Breakout, But There’s a Catch

US Treasury Secretary: We Will Acquire more Bitcoin

Rajpalsinh Parmar

August 14, 2025

US Treasury Secretary: We Will Acquire More Bitcoin

Key Highlights

Treasury Secretary flip-flopped on Bitcoin purchases, first denying plans to buy more, then hinting at “budget-neutral” ways to expand its holdings
The current US Strategic Bitcoin Reserve relies mostly on confiscated Bitcoins, avoiding taxpayers’ money
The US government struggles with internal divisions, risking its claim as a “Bitcoin superpower”

The U.S. government’s approach to Bitcoin has become a rollercoaster of mixed emotions, leaving investors, economists, and even casual observers scratching their heads.

Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order.

In addition, Treasury is committed to exploring budget-neutral pathways to acquire more…

— Treasury Secretary Scott Bessent (@SecScottBessent) August 14, 2025

On August 14, 2025, Treasury Secretary Scott Bessent made a huge statement, not once but twice. First, he declared that the federal government would not be buying more Bitcoin to expand its Strategic Bitcoin Reserve, a move that sent ripples through the crypto market.

Hours later, he backtracked, suggesting the Treasury might explore “budget-neutral pathways” to acquire more Bitcoin after all.

Scott said, “Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order.”

This surprising reversal in a single day is not just bureaucratic noise, but it is a symptom of a deeper struggle within the U.S. government over how to handle cryptocurrency. Despite progressive regulatory developments, the US government’s wordplay around the Bitcoin reserve put the crypto sector in a dilemma.

A Reserve Built on Seizures, Not Purchases

When President Trump signed the executive order establishing the Strategic Bitcoin Reserve in March 2025, the plan had a controversial clause, which directed to consolidation of all Bitcoin seized from criminal cases (estimated at 200,000 BTC) and holding it as a long-term national asset, much like gold or oil reserves.

According to the executive order, No taxpayer money would be spent; the reserve would grow only through forfeitures.

This approach was proposed as fiscally responsible, avoiding market manipulation or political backlash. But almost immediately, cracks appeared in the strategy.

Behind the scenes, the administration was divided. Some officials, like White House crypto advisor Bo Hines, pushed for actively expanding the reserve, even suggesting selling some of the U.S. gold holdings to buy Bitcoin.

Others, including more cautious voices in the Treasury, resisted, wary of gambling public funds on a volatile asset. The result? A policy caught in limbo—officially committed to Bitcoin as a strategic asset but unwilling to put real money behind it.

The “Budget-Neutral” Loophole in Treasury

Bessent’s latest comments hint at a possible workaround. By emphasizing “budget-neutral” acquisitions, the Treasury could theoretically grow its Bitcoin stash without congressional approval or taxpayer expense.

How? One option: accepting Bitcoin as payment for federal debts or fines. Another: partnering with private firms to swap other assets for Bitcoin. But these ideas remain vague, and skeptics argue they are just fancy ways of avoiding a real commitment.

The ambiguity has real-world consequences. When Bessent initially ruled out purchases, Bitcoin’s price dipped. When he walked it back, the market perked up. This volatility underscores how much power the U.S. government now holds over crypto markets.

Symbolism vs. Substance

Critics argue the Strategic Bitcoin Reserve is more about politics than economics. Trump’s administration has leaned hard into pro-crypto rhetoric, hosting a “Digital Asset Summit” with industry leaders and rolling back regulations that stifled the sector.

But when it comes to putting federal dollars behind Bitcoin, the enthusiasm fades. The July 2025 White House report on digital assets, meant to outline a clear path forward, was conspicuously light on details about the reserve’s future.

Meanwhile, other countries aren’t waiting. China holds nearly 194,000 BTC, Bhutan has quietly amassed a stash worth 28% of its GDP, and even Iran uses Bitcoin to bypass sanctions. If the U.S. wants to be the “Bitcoin superpower” Trump envisions, it’ll need more than vague promises and seized coins—it’ll need a real strategy.

The Treasury’s next moves will define whether the Strategic Bitcoin Reserve is a landmark policy or a political stunt. If Bessent follows through on budget-neutral acquisitions, it could signal a new era of state-backed crypto adoption. If not, the reserve risks becoming a footnote in financial history, which could affect the Bitcoin price.

Bitcoin Price Targets $132k With Next Breakout, But There’s a Catch

Sahil Mahadik

August 13, 2025

BTC’s dominance has dived to 59%, signaling a growing interest in alternate cryptocurrencies and potentially the start of an “altcoin season.”
A brief decline in futures open interest shows the coin price could struggle to drive a high-momentum rally in the short-term trend.
The formation of a rising wedge pattern signals a potential correction looming for Bitcoin price.

The pioneer cryptocurrency Bitcoin shows a notable uptick of 2.4% during Wednesday’s U.S. market hours to trade at $122,989. The broader bullish sentiment and September rate cut hopes are fueling this rally, with the coin price just 1.5% short of a new high. However, the technical chart shows intense overhead supply around $122,000 with a bearish pattern signalling risk for a potential pullback. Additionally, the on-chain data highlights a declining trend in Bitcoin’s dominance, suggesting a capital rotation to altcoins. Will the Bitcoin price rally lag behind?

BTC Dominance Drops to 59% Amid Altcoin Rally

In the last two weeks, the Bitcoin price showed a V-shaped recovery from $111,987 to $122,989, projecting a 9.8% growth. Subsequently, the asset market cap bounced to $2.44 trillion. The buying pressure gained momentum from the notable surge in spot BTC ETF, growing institutional adoption, and regulatory development in the U.S., including the cryptocurrency investments in 401(k) retirement accounts.

Despite this upswing, the altcoin market has significantly outperformed Bitcoin since last week, spearheaded by the Ethereum price rally. According to Glassnode data, Bitcoin’s dominance has experienced a notable decline from 65% to 59% in the last two months.

This marks one of the steepest drops in BTC dominance this year amid large capital rotation to alternative cryptocurrencies. Historically, a significant drop in Bitcoin dominance boosts an altcoin season.

The altcoin season index is now pushing towards 75%, signalling a broader-based shift in investors’ sentiment as market participants adopt a risk-on behavior to chase higher returns.

That said, a decline in Bitcoin dominance is less likely to cause selling pressure on its price. However, if the trend persists, BTC’s price recovery could struggle to gain strong momentum and lag behind the altcoins.

In addition, the derivative market data shows a waning interest from futures traders as the open interest (OI) value shows a brief decline despite a price jump. According to Coinglass data, the BTC’s OI slope has dropped from $87.3 billion to $80.68 billion in the last three weeks, accounting for a 7.6% drop.

This decline indicates that traders are exiting their existing positions in the futures market or hesitating to enter a new trade. The lack of inflow from speculators could slow down recovery momentum in BTC.

Bitcoin Price Drives Steady Recovery With Wedge Pattern

With a 2.4% intraday gain, Bitcoin’s daily chart shows a strong green candle ready to knock the all-time high resistance. If today’s candle closes at the current price of $122,989, a new high is likely to occur tomorrow if not today.

A potential breakout will accelerate the bullish momentum and drive the coin price another 7% to hit $132,767. This horizontal level currently coincides closely with a traditional pivot level (R2), the resistance trendline of the rising wedge pattern, creating the next significant supply zone against crypto buyers.

The price jump will also push the momentum indicator RSI (Relative Strength Index) to overbought, increasing the risk of a post-rally correction. A history of this pattern shows that a bearish reversal within it has often led to sustained correction towards the bottom trendline.

So far, these corrections have bolstered Bitcoin price to renewed recovery momentum. However, a breakdown below the bottom support will accelerate the selling pressure for a prolonged downfall.

Also Read: BitMine Expands Stock Sale to $24.5B for ETH Buys

SEC Acknowledges Invesco Galaxy Spot Solana ETF

Rajpalsinh Parmar

August 13, 2025

SEC Acknowledges Invesco Galaxy Spot Solana ETF

Key Highlights

SEC has taken the first step by acknowledging the Invesco Galaxy Spot Solana ETF filing
Unlike Bitcoin ETFs, this fund plans to stake SOL for additional yield
Analysts predict a 90% chance of Solana ETFs being approved.

The U.S. Securities and Exchange Commission (SEC) just moved closer to making history. On August 13, the agency officially acknowledged the filing for the Invesco Galaxy Spot Solana ETF, sparking euphoria in the Solana community.

INTEL: SEC ACKNOWLEDGES FILING FOR INVESCO GALAXY SPOT $SOL ETF

— Solid Intel 📡 (@solidintel_x) August 13, 2025

While this does not mean approval is guaranteed, it is a crucial first step. One can think of it like a college application getting past the initial review. It still has a long way to go, but at least it’s in the system.

The SEC will now dig into the details, checking if the proposed ETF follows all the rules before giving it the green light.

First Solana ETF Approval Soon?

If approved, this ETF would let everyday investors buy into Solana (SOL), which is the sixth-largest cryptocurrency, without actually holding the digital asset themselves.

Instead of worrying about wallets, private keys, or staking setups, they’d just trade shares under the ticker “QSOL” on the Cboe BZX Exchange, just like stocks.

Unlike Bitcoin or Ethereum ETFs, this one has a unique twist. The fund plans to stake a portion of its SOL holdings, meaning it could earn extra yield by helping secure Solana’s blockchain. That’s like getting interest on your savings, but in crypto terms.

Staking and the SEC’s New Stance

Speaking of staking, the SEC recently dropped a bombshell that could make this ETF’s path smoother.

Earlier in August, the agency clarified in a detailed statement that certain types of liquid staking, where users lock up crypto to earn rewards, don’t automatically count as securities.

SEC stated in the official press release,“the statement clarifies the division’s view that, depending on the facts and circumstances, the liquid staking activities covered in the statement do not involve the offer and sale of securities within the meaning of Section 2(a)(1) of the Securities Act of 1933 or Section 3(a)(10) of the Securities Exchange Act of 1934.”

The process has to be completely automated, with no middleman making investment decisions. For the Invesco Galaxy ETF, this is huge. Since Coinbase Custody would handle the staking mechanically (no human picking winners or promising profits), regulators might see it as kosher.

“Under my leadership, the SEC is committed to providing clear guidance on the application of the federal securities laws to emerging technologies and financial activities,” Chairman Paul S. Atkins stated. “Today’s staff statement on liquid staking is a significant step forward in clarifying the staff’s view about crypto asset activities that do not fall within the SEC’s jurisdiction. I am pleased that the SEC’s Project Crypto initiative is already producing results for the American people.”

Don’t Celebrate Too Early

The SEC’s statement is not a blanket approval, just a hint at how they might view these cases. If the ETF starts getting too fancy with its staking strategy, like chasing the highest-yielding validators, the SEC could still slam the brakes.

This isn’t just about Solana. It is part of a bigger trend where regulators are slowly warming up to crypto investment products. After approving Bitcoin ETFs earlier this year and Ethereum ETFs soon after, the SEC is now eyeing altcoins.

At the time of writing, Solana (SOL) is trading at around $200.94 with a 19% hike in a day. It is holding an impressive market capitalization of $108.44 billion, according to CoinMarketCap.

Analysts like Bloomberg’s James Seyffart give this Solana ETF a 90% chance of approval by October, partly because Solana already has futures trading on the CME, a factor the SEC seems to like.

If it happens, expect a flood of new money into Solana. Institutional investors who’ve been sitting on the sidelines might finally jump in, driving up demand. And with staking rewards in the mix, the ETF could attract even more interest than plain-vanilla spot funds. The SEC could take weeks or even months to make a final call.

Other altcoins like Ethereum are also showing upward momentum.

BitMine Expands Stock Sale to $24.5B for ETH Buys

Rajpalsinh Parmar

August 12, 2025

BitMine Expands Stock Sale to $24.5B for ETH Buys

Key Highlights

BitMine expands stock sale to $24.4 billion, targeting 5% of Ethereum supply

ETH price surges above $4,600 amid record ETF inflows
BitMine’s stock soared 1,100% since June

BitMine Immersion Technologies (BMNR), the largest corporate holder of Ethereum, has made an impressive move to solidify its position in the crypto market.

On August 12, 2025, the company filed with the U.S. Securities and Exchange Commission (SEC) to expand its stock sale program by $20 billion, bringing its total fundraising capacity to $24.5 billion—a fivefold increase from its previous $4.5 billion limit.

This aggressive capital raise is aimed at fueling the company’s relentless acquisition of Ethereum (ETH), with the company already holding a record 1.15 million ETH, worth approximately $5 billion at current prices.

BitMine Aims to Acquire 5% Ethereum Supply

The filing highlights the company’s ambition to control 5% of Ethereum’s total supply, a target that would require billions more in purchases and could reshape the crypto market’s dynamics.

The timing of the company’s expansion aligns with a surge in institutional interest in Ethereum. Just a day before the SEC filing, the company revealed it had purchased 317,126 ETH in a single week, pushing its holdings past the 1 million ETH milestone, a first for any public company. Our analysis suggests that the coin signals the increasing dominance of buyers and potential for a continued price recovery.

This buying spree mirrors the strategy pioneered by Michael Saylor’s MicroStrategy (MSTR) with Bitcoin, where issuing stock to hoard crypto has become a proven playbook for treasury growth.

BitMine’s chairman, Tom Lee, has drawn parallels to Bitcoin’s 2017 bull run, suggesting Ethereum could hit $30,000 if regulatory tailwinds and institutional adoption accelerate.

The market seems to agree: BitMine’s stock (BMNR) has skyrocketed 1,100% since June, from $4.27 to over $60, while Ethereum’s price has climbed 50% in a month to $4,500.

Analysts attribute BitMine’s stock surge to three factors: a 60% boost from rising ETH-per-share holdings, a 20% lift from Ethereum’s price appreciation, and another 20% from net asset value (NAV) growth.

The company’s latest $20 billion stock sale, managed by Cantor Fitzgerald and ThinkEquity, will further dilute shares but could amplify gains if Ethereum’s rally continues. Proceeds are earmarked for debt repayment, share buybacks, and “general corporate purposes,” though BitMine admits specifics are fluid. These details leave investors both excited and cautious.

BitMine’s accumulation strategy is reducing Ethereum’s circulating supply, potentially stabilizing prices amid volatile markets.

Competitors like SharpLink and Coinbase trail far behind, holding just 598,800 ETH and 136,800 ETH, respectively. Standard Chartered predicts Ethereum treasury firms could eventually control 10% of all ETH, echoing Bitcoin’s institutionalization.

For now, BitMine’s gamble hinges on Ethereum’s trajectory. If ETH stumbles, the stock could nosedive; if it soars, early backers may reap historic rewards. One thing’s clear: BitMine isn’t just betting on crypto, it’s rewriting the rules of corporate finance in the digital age.

Ethereum Soars Above $4,600 as BitMine and ETFs Fuel Rally

Ethereum (ETH) surged past $4,600 on Tuesday, fueled by two major catalysts: record-breaking inflows into spot ETH ETFs and BitMine’s bold $20 billion stock sale expansion.

US-listed ETH ETFs attracted over $1 billion in daily inflows, their highest since launch, while BitMine filed to boost its fundraising capacity to $24.5 billion, doubling down on its aggressive ETH accumulation strategy.

The crypto treasury firm’s latest SEC filing expands its at-the-market (ATM) offering, a flexible capital-raising tool that lets companies sell shares gradually.

BitMine plans to use the proceeds to buy more Ethereum, edging closer to its ambitious 5% supply target. Already the largest corporate ETH holder with 1.15 million coins ($5.3 billion), BitMine now dwarfs rivals like SharpLink Gaming, which recently committed $600 million to ETH purchases.

The buying frenzy mirrors MicroStrategy’s Bitcoin playbook, with public firms racing to hoard ETH ahead of potential price surges. Meanwhile, spot ETFs like BlackRock’s ETHA ($639.7M inflows) and Fidelity’s FETH ($276.9M) smashed records, showing institutional demand. ETH’s price broke out of a bullish pennant pattern, with analysts eyeing a more than $5,000 all-time high if momentum holds.

With futures liquidations hitting $152 million, the stage is set for a volatile, however, potentially explosive, next leg up.

Why Is Ethereum Price Up Today?

Sahil Mahadik

August 12, 2025

The Ethereum price shows a decisive breakout from the symmetrical triangle pattern, ending a 48-month accumulation trend.
On August 11, 2025, the ETH spot ETF recorded a massive inflow of over $1.018 billion, signaling strong demand pressure in Ethereum
BitMine, an Ethereum treasury company, announced a significant increase in the total amount of common stock it plans to sell, raising the cap to $24.5 billion.

ETH, the native cryptocurrency of the smart contract giant Ethereum, witnessed a sharp jump of 6.14% to currently trade at $4,445. Simultaneously, ETH’s market cap bounced to $536.54 billion, while the 24-hour trading volume is up 16% to waver at $49.04 billion. With the intraday surge, the coin is just 9% short of hitting its all-time high mark at $4,891.70.

Given below are three key reasons why the Ethereum price is up today. Will this recovery continue?

ETH Demand Surged with $1.02 Billion in Spot ETF Inflows

In the past two months, the Ethereum price showcased a high momentum rally from $2,115 to the current trading value of $4,487, registering a 112% growth. A significant contributor to this rally is the aggressive inflow from Spot Ether exchange-traded funds (ETFs).

On August 11, 2025, the U.S.-based spot ETH ETF recorded their biggest day of net inflows, with flows across all funds together totaling around $1.018 billion.

According to Farside Investors, BlackRock’s iShares Ethereum Trust ETF (ETHA) attracted the lion’s share of $639.79 million. Fidelity Ethereum Fund (FETH) was the runner-up, recording a substantial inflow of $276.9 million.

Spot Ether exchange-traded funds (ETFs) | Farside Investors

Ethereum enthusiast Anthony Sassano posted on Tuesday that spot Ethereum ETFs have bought over 50% of all the net issued ETH since the Merge in late 2022.

The blockchain has issued over 451,079 ETH since its switch to proof-of-stake, while the ETH ETFs during Monday’s trading saw a total inflow of over 238,200 ETH.

This demand scarcity significantly bolsters the ETH price for a sustained recovery.

Also Read: Bitcoin Soars Above $121,000 after Dipping Below $113,000

Institutional Support for Ethereum Grows as BitMine Raises $24.5 Billion Sales Cap

Another factor bolstering the recovery trendline in the ETH price is the institutional adoption. Just recently, the Ethereum treasury company, BitMine, announced a major update in its latest supplementary prospectus.

The firm revealed that they are significantly increasing the total amount of common stock that it plans to sell under its existing Sales Agreement, raising the cap to $24.5 billion. The revised figures include $2.0 billion under the initial prospectus and $2.5 billion under the prior prospectus supplement. Moreover, BitMine is looking to add an additional $20.0 billion under the latest Prospectus Supplement.

The update signals strong confidence in ETH’s growth potential from institutional players.

According to Coingecko data, BitMine currently holds 1,150,263 ETH (valued at $5.17 billion) at an average price of $3,644.

Ethereum Price Exits a 48-Month Accumulation Trend

On August 8, 2025, the Ethereum price recovery provided a major breakout from the upper boundary of the symmetrical candle pattern. Since November 2021, the Ethereum price has been actively resonating within the two converging trendlines of this pattern, driving a major accumulation zone for buyers.

With the recent breakout, the coin signals the increasing dominance of buyers and potential for a continued price recovery. A sharp upward incline in the daily exponential moving average (20, 50, 100, and 200) reinforces the bullish sentiment in the market.

With sustained buying, the ETH price is likely to jump over 8.3% and challenge the all-time high resistance of $4,875.

However, if the pattern holds true, the coin could drive an extended recovery triangle target of $7,330.

Also Read: SUI Price Risks 16% Drop if 200-day EMA Support Fails

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