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Cardano remains in consolidation, setting up for a potential 25% price move if price breaks out. Crowd’s sentiment is bearish on ADA while Smart Money is bullish — what does it mean going forward? Cardano ranks at position 2 in GitHub development activity across all blockchains, reinforcing its position as one of the most actively built ecosystems.
Litecoin rising wedge channel keeps an eye on the upper trendline anticipating breakout. Highest LTC social activity share crossing 1.9% as LTC futures open interest soars to a 4-year high with $758 Million. LTC cumulative short liquidation leverage over long liquidation leverage.
The savings could climb to $325,561 per person if state-level wage-based income taxes are also eliminated, the report notes.
Asset Management Firm made the first major ETH deposit of 30,006 ETH worth $80.48M into Binance from Metalpha’s multi-signature wallet in three months. Bybit recovers 15000 ETH with Mantle cmETH swap. ETH’s trendline magic strikes again as it bounces from major support at $1,147.86, $1,044.62, & now $2,686.93 where it pumped 131%, 97% respectively and now it’s on the same major trendline again with 171% possible gains on the cards.
Ethereum is rebounding after a sharp drop due to the Bybit hack, with RSI gains and rising whale accumulation signaling renewed bullish momentum.
BTC Bulls defending the $96K crucial support, and the Falling Wedge is also in play with expectation of a rally towards the $106k Resistance once the hack FUD cools. When BTC price is overlaid on the heatmap shows gradual increase as the market entered the new regime change where Open Interest (OI) began increasing. Is $200k+ possible this cycle after Bitcoin Terminal Price surpassed $200K?
- 03:08Project Hunt: Web3 Gaming Guild YGG Is the Most Unfollowed Project by Top Figures in the Past 7 DaysAccording to ChainCatcher, data tracked by the Web3 asset data platform RootData X shows that over the past 7 days, the Web3 gaming guild YGG has attracted the most new followers among top X (Twitter) influencers. Notable new influential followers of this project include Professor Suo (@hellosuoha). In addition, Brahma is among the projects that have lost the most followers from top X influencers.
- 03:03BofA Merrill Lynch: Stablecoins Will Have a Disruptive Impact on Traditional Bank Deposits and Payment SystemsOdaily Planet Daily – According to a recent research report by Bank of America Merrill Lynch, as the United States paves the regulatory path for stablecoin issuance, this digital asset is expected to have a clear and disruptive impact on the traditional banking deposit base and payment systems within the next two to three years. The report emphasizes that the real transformation will become apparent in the medium term. As stablecoins become more integrated and widespread, their impact on the existing financial system will become increasingly evident, and banks will face direct competition from digital currencies. With the initial regulatory framework for stablecoins taking shape in the US, the banking industry now stands at a crossroads between proactive deployment and cautious observation.The US banking sector is ready to embrace the era of stablecoins. Judging from comments by senior management at major banks, the industry is actively preparing to offer stablecoin solutions. However, when it comes to specific use cases—especially domestic payment scenarios in the US—bankers remain cautious, and even skeptical. (Phoenix News)
- 03:01RootData: SIGN to Unlock Tokens Worth Approximately $7.5 Million in One WeekAccording to ChainCatcher, citing token unlock data from the Web3 asset data platform RootData, Sign Protocol (SIGN) will unlock approximately 96.67 million tokens, valued at around 7.5 million US dollars, on July 28 at 18:00 (GMT+8).