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blockonomi.com TRON (TRX) Price: Maintaining Stability Despite $1.4 Billion Profit-Taking Wave

TLDR TRX price reached $0.42, nearly doubling from February’s $0.20 low $1.4 billion in profit-taking occurred in a single day, mostly from long-term holders Despite massive selling pressure, support at $0.33 remains solid Tron’s token burn mechanism has removed about 40 billion TRX to date TRON serves as a major platform for stablecoin transactions, generating [...] The post TRON (TRX) Price: Maintaining Stability Despite $1.4 Billion Profit-Taking Wave appeared first on Blockonomi.

blockonomi.com Altcoins Test Crucial Support as Market Eyes Recovery

TLDR: The altcoins market cap is retesting the $923B support zone after months of correction and sideways action. A confirmed break below $788B could flip sentiment bearish and trigger wider altcoin sell pressure. Ethereum’s recent rally is reviving altcoin momentum, but resistance above $1.09T still caps upside. Inverse head and shoulders pattern on TOTAL3 suggests [...] The post Altcoins Test Crucial Support as Market Eyes Recovery appeared first on Blockonomi.

news.bitcoin.com BYDFi Card Officially Launches: One Card to Seamlessly Bridge Web3 Assets and Real-World Spending

This content is provided by a sponsor. PRESS RELEASE. VICTORIA, Seychelles, Aug. 7, 2025 — BYDFi, a global crypto trading platform, announced the official launch of BYDFi Card, a virtual card product designed to enhance how Web3 users interact with their digital wealth. With BYDFi Card, crypto becomes instantly spendable — securely, privately, and globally […]

blockonomi.com Trump Tariff Blitz Shakes Global Trade Table Overnight, BRICS Plots Pushback

TLDR: Trump announced new tariffs up to 250%, disrupting global trade talks and key supply chains. India, Japan, Brazil, and Switzerland were among the hardest-hit by the latest U.S. trade penalties. BRICS nations may coordinate a pushback, possibly steering trade toward crypto-aligned alternatives. Tariff-driven volatility may drive capital flows into digital assets and decentralized finance [...] The post Trump Tariff Blitz Shakes Global Trade Table Overnight, BRICS Plots Pushback appeared first on Blockonomi.

news.bitcoin.com Brazilian Lawmakers to Discuss Strategic Bitcoin Reserve Bill

The lower chamber of the Brazilian Congress will discuss an initiative proposing to invest 5% of all foreign reserves in bitcoin, creating a national Strategic Bitcoin Reserve to diversify exposure to international fiat currencies. The central bank would provide custody for these assets. Brazilian Lawmakers Ready to Discuss Strategic Bitcoin Reserve Regulation Brazil could become […]

blockonomi.com Pudgy Penguins (PENGU) Price: Token Rises 5% After Finding Support at $0.032

TLDR PENGU was added to Robinhood’s advanced trading platform, Robinhood Legend Pudgy Penguins NFT floor price increased 52% in the past 30 days PENGU bounced off key support at $0.032, suggesting potential 13% gain to $0.040 The token is now the most valuable in the Solana ecosystem with a $2.2 billion market cap Canary Capital’s [...] The post Pudgy Penguins (PENGU) Price: Token Rises 5% After Finding Support at $0.032 appeared first on Blockonomi.

blockonomi.com ETH in, Cash Out: Cosmos Health Sets Up $300M Ethereum Treasury Play

TLDR: Cosmos Health secures a $300M facility to build a strategic Ethereum-based treasury reserve. At least 72.5% of each capital tranche must go directly into Ethereum purchases and staking. BitGo Trust will manage custody and staking, ensuring ETH contributes to long-term yield. CEO Greg Siokas says digital assets are now central to Cosmos Health’s transformation [...] The post ETH in, Cash Out: Cosmos Health Sets Up $300M Ethereum Treasury Play appeared first on Blockonomi.

blockonomi.com Pi Coin (PI) Price: Trading Near $0.340 as Year-to-Date Losses Reach 80%

TLDR Pi Coin is approaching a new all-time low of $0.322, just 5.54% away from its current price of $0.340 Trading volumes have collapsed by nearly 70%, dropping from $140 million to $43 million in just four days Strong correlation with Bitcoin (0.93) means PI follows BTC’s price volatility Chaikin Money Flow indicator shows outflows [...] The post Pi Coin (PI) Price: Trading Near $0.340 as Year-to-Date Losses Reach 80% appeared first on Blockonomi.

blockonomi.com Dogecoin (DOGE) Price: Testing $0.19 Support Level After 30% Decline From July High

TLDR Dogecoin price has declined 30% from its July peak of $0.28 and now tests crucial $0.19 support A late-July 20/200-day golden cross still suggests a broader bullish uptrend Technical indicators (RSI, MACD) show cooling momentum but haven’t invalidated the primary trend Major exchanges report most traders maintaining long positions on DOGE despite the pullback [...] The post Dogecoin (DOGE) Price: Testing $0.19 Support Level After 30% Decline From July High appeared first on Blockonomi.

blockonomi.com Laser Digital Goes First: Dubai Approves OTC Crypto Options License

TLDR: Laser Digital is the first to gain VARA approval for OTC crypto options under a limited license. The firm can now legally offer hedging, volatility, and yield strategies to institutional clients. VARA’s pilot framework enables early rollout of regulated crypto services under tight supervision. Nomura’s crypto strategy gains momentum in Dubai with structured, compliant [...] The post Laser Digital Goes First: Dubai Approves OTC Crypto Options License appeared first on Blockonomi.

bitcoinist.com Crypto Presales Live News Today: Latest Opportunities & Updates (August 7)

Stay Ahead with Our Immediate Analysis of Today’s Best Crypto Presales Check out our Live Update Coverage on the Best Crypto Presales for August 7, 2025! As Bitcoin broke through a historical $123K level, crypto presales are ready to soar in the coming rally. These early-stage crypto projects are often significantly more profitable than established […]

bitcoinist.com Best Meme Coins Live News Today: Latest Opportunities & Updates (August 7)

Get Early Alpha with Our Immediate Analysis of Today’s Best Meme Coins Check out our Live Update Coverage on the Best Meme Coins for August 7, 2025! With Bitcoin merrily skipping past the $123K ATH, meme coins stand on the precipice of a potential explosion. Given the massive upside potential and low entry prices, meme […]

blockonomi.com Pump.fun (PUMP) Price: Whale Accumulation Reaches 25% Increase Over Past Week

TLDR Pump.fun (PUMP) has gained over 37% in the past 7 days with continued momentum Whale holdings have increased by 25.24% over the past week according to Nansen data Long positions ($5.48B) currently outweigh shorts ($1.92B) by almost 3:1 An ascending triangle pattern suggests a breakout target of $0.0038 if $0.00354 level is cleared Current [...] The post Pump.fun (PUMP) Price: Whale Accumulation Reaches 25% Increase Over Past Week appeared first on Blockonomi.

blockonomi.com Discover The Top 5 Cloud Mining Sites for Maximum Profit:Bitcoin Cloud Mining Guide 2025

Is cloud mining legal? In 2025, the world of cloud mining has evolved, and there are now several legal, trustworthy platforms offering high returns. Whether you’re a seasoned investor or someone just starting out, choosing the right platform is crucial for maximizing your profits. What Is Cloud Mining? Cloud mining refers to renting computing power [...] The post Discover The Top 5 Cloud Mining Sites for Maximum Profit:Bitcoin Cloud Mining Guide 2025 appeared first on Blockonomi.

news.bitcoin.com Top Bitcoin Casinos – BlackJack for Beginners [August 2025]

Top Bitcoin Casinos – Guide for BlackJack for Beginners [August 2025] Explore the Best Bitcoin Casinos for BlackJack in 2025 At Bitcoin.com, we’ve carefully evaluated the best crypto casinos for BlackJack enthusiasts. Our team of experts considers factors like game variety, payout speed, security, and bonus offerings to help you make the most of your […]

blockonomi.com Cardano (ADA) Price: Bulls Eye $1.30 Target as Cryptocurrency Repeats Historical Pattern

TLDR First community-approved treasury funding for Cardano core upgrades has been recorded 73% of voters supported Input Output Engineering’s development proposal ADA price rose 5% to $0.7265 following the vote results Cardano is retesting the key $0.74-$0.76 resistance area after recovering from local lows Analysts predict potential 85%-120% rally if ADA breaks above $0.80 Cardano [...] The post Cardano (ADA) Price: Bulls Eye $1.30 Target as Cryptocurrency Repeats Historical Pattern appeared first on Blockonomi.

blockonomi.com TRON (TRX) Price: Maintaining Stability Despite $1.4 Billion Profit-Taking Wave

TLDR TRX price reached $0.42, nearly doubling from February’s $0.20 low $1.4 billion in profit-taking occurred in a single day, mostly from long-term holders Despite massive selling pressure, support at $0.33 remains solid Tron’s token burn mechanism has removed about 40 billion TRX to date TRON serves as a major platform for stablecoin transactions, generating [...] The post TRON (TRX) Price: Maintaining Stability Despite $1.4 Billion Profit-Taking Wave appeared first on Blockonomi.

news.bitcoin.com Is ‘Simple’ Regulation a Risk? Experts Debate White House’s Crypto Recommendations

The recent White House report on digital assets emphasizes the need for the CFTC to have clear authority over spot markets for ‘non-security’ digital assets. Experts express skepticism about the CFTC’s ability to effectively manage both the U.S. derivatives market and the crypto sector. Recommendations for Regulatory Clarity The recently released White House report on […]

blockonomi.com Solana (SOL) Price: The Golden Cross That Could Propel SOL Back to $200

TLDR Solana’s exchange balances dropped nearly 10%, signaling reduced selling pressure CME futures open interest remains steady despite price decline, showing institutional confidence A potential golden crossover is forming on the daily chart between 100-day and 200-day EMAs Technical analysis suggests possible targets of $176 and beyond if key resistance levels are broken On-chain data [...] The post Solana (SOL) Price: The Golden Cross That Could Propel SOL Back to $200 appeared first on Blockonomi.

blockonomi.com XRP (XRP) Price: Token Falls 20% From July High as Whales Reduce Holdings

TLDR XRP has dropped nearly 20% from its July 18 yearly high of $3.65 Whales have offloaded over 640 million XRP tokens (worth approximately $340 million) since July 9 The $2.65 support level is crucial for maintaining the bullish market structure Technical indicators show the 50% Fibonacci retracement level at $2.65 aligns with quarterly VWAP [...] The post XRP (XRP) Price: Token Falls 20% From July High as Whales Reduce Holdings appeared first on Blockonomi.

blockonomi.com IREN Outperforms MARA in July Bitcoin Mining, Shares Rise 11%

TLDR IREN mined 728 Bitcoin in July, surpassing MARA’s 703 BTC despite having a smaller hashrate IREN shares soared 11.4% to $18.32 following the announcement, reaching a $4.11 billion market cap IREN achieved 90% fleet utilization with an average hashrate of 45.4 EH/s compared to MARA’s 75% utilization $2.3 million of IREN’s $86 million July [...] The post IREN Outperforms MARA in July Bitcoin Mining, Shares Rise 11% appeared first on Blockonomi.

bitcoinist.com Bitcoin Profit-Taking Cools Off at $115K – Maxi Doge Looks Poised to Pop

Bitcoin short-term holders are finally chilling out. After weeks of aggressive profit-taking near the $123K peak, new Glassnode data shows that spending activity from recent buyers has cooled off – a signal that the worst of the post-ATH dump might be behind us. That’s a big deal. When short-term holders stop rushing for the exits, […]

blockonomi.com Ethereum (ETH) Price: Chart Pattern Suggests Potential Breakout Toward $4,000

TLDR Ethereum experienced extreme selling pressure with Net Taker Volume plunging to -$418.8 million ETH continues hovering around $3,643 despite the selling pressure Network activity is rising with New Addresses up 29.94% and Active Addresses up 3.17% Long-term holders remain in profit, showing strong conviction despite market weakness ETH must reclaim the $3,950 resistance level [...] The post Ethereum (ETH) Price: Chart Pattern Suggests Potential Breakout Toward $4,000 appeared first on Blockonomi.

blockonomi.com Tornado Cash Developer Convicted of Operating Unlicensed Money Service

TLDR Roman Storm convicted of conspiracy to operate an unlicensed money transmitting business Jury deadlocked on money laundering and North Korea sanctions charges Storm faces up to five years in prison for the single conviction Storm remains free on bail until sentencing $3 million was raised for his legal defense fund from prominent crypto figures [...] The post Tornado Cash Developer Convicted of Operating Unlicensed Money Service appeared first on Blockonomi.

news.bitcoin.com Parataxis Holdings to Go Public With Plans to Raise $640M for Bitcoin Treasury Strategy

Institutional digital asset management platform Parataxis Holdings has struck a business combination deal with a publicly listed special purpose acquisition company (SPAC) called Silverbox (NYSE: SBXD) to create a new entity, also named Parataxis. The new firm aims to raise up to $640 million to establish a bitcoin ( BTC) treasury once the deal is […]

blockonomi.com UK Gas to Bitcoin: Union Jack Plans Crypto Mining at West Newton

TLDR: Union Jack partners with 360 Energy to power Bitcoin mining rigs using West Newton natural gas. On-site data centers convert stranded gas into crypto without large-scale infrastructure. Early-stage deployment targets WNA-2 well, bypassing delays tied to traditional gas development. Project may position Union Jack as the UK’s first oil firm mining Bitcoin directly from [...] The post UK Gas to Bitcoin: Union Jack Plans Crypto Mining at West Newton appeared first on Blockonomi.

blockonomi.com OpenAI to Provide ChatGPT Enterprise to US Federal Agencies for $1 Each

TLDR OpenAI will provide ChatGPT Enterprise to all US federal agencies for just $1 each through next year The deal supports the White House’s AI Action Plan to establish US leadership in AI development Federal agencies will gain access to OpenAI’s frontier models and features like Advanced Voice Mode OpenAI is strengthening government ties and [...] The post OpenAI to Provide ChatGPT Enterprise to US Federal Agencies for $1 Each appeared first on Blockonomi.

blockonomi.com Bitcoin (BTC) Price: Technical Analysis Shows Critical Resistance at $115,500 Level

TLDR Bitcoin short-term holders have reduced profit-taking as price recovers from $112,000 Market in “relatively balanced position” with 70% of short-term holders still in profit Bitcoin trading around $114,766 after falling from all-time high of $123,100 Analysts watching key resistance level at $115,500 for potential breakout Tom Lee predicts Bitcoin could reach $250,000 in 2025 [...] The post Bitcoin (BTC) Price: Technical Analysis Shows Critical Resistance at $115,500 Level appeared first on Blockonomi.

blockonomi.com Polygon Price Forms Reversal Pattern as Altseason Rotation Begins

TLDR: Polygon price forms a double bottom, signaling the end of accumulation and the potential start of expansion. $0.23 neckline acts as a key breakout level after months of sideways price action. Altseason rotation favors Layer 1s like Polygon as Bitcoin dominance begins to fade. A volume spike above $0.23 could turn resistance to support, [...] The post Polygon Price Forms Reversal Pattern as Altseason Rotation Begins appeared first on Blockonomi.

bitcoinist.com Only One XRP Wallet Supports Cardano’s Glacier Airdrop, Says Developer

The airdrop from the Cardano-affiliated Midnight Foundation is now live, but for holders of XRP there is, for the moment, just a single route to participate. On 6 August, Wietse Wind—founder of XRPL Labs and lead developer of the self-custody Xaman Wallet—told his followers on X that “Xaman Wallet is the only XRP wallet currently […]

news.bitcoin.com Pierre Poilievre Reaffirms Stance Against Canadian CBDC

Canadian Conservative Party leader Pierre Poilievre once again slammed plans by the Bank of Canada to create a central bank digital currency (CBDC) in a video published Sunday where the 46-year-old politician can be seen answering questions from constituents in an intimate setting. In the video, a local farmer expresses concerns over the implementation of […]

blockonomi.com Bakkt Buys Into Japan to Launch Global Bitcoin Treasury Push

TLDR: Bakkt bought 30% of Marusho Hotta, gaining control and naming rights to bitcoin.jp. Marusho Hotta will rebrand and begin holding Bitcoin as part of its corporate treasury. Phillip Lord, Bakkt’s president, will take over as CEO of the Japan-based firm. The strategy blends M&A, rebranding, and BTC adoption to shift how public firms hold [...] The post Bakkt Buys Into Japan to Launch Global Bitcoin Treasury Push appeared first on Blockonomi.

blockonomi.com Coinbase Targets India’s Tech Core in New Karnataka Push

TLDR: Coinbase met Karnataka’s IT minister to explore blockchain collaboration and digital development. The firm is promoting its developer tools to help scale India’s on-chain infrastructure efforts. Talks included cybersecurity and talent programs like hackathons and blockchain training. Strategy marks Coinbase’s shift from exchange services to ecosystem building in India. Coinbase is eyeing India again. [...] The post Coinbase Targets India’s Tech Core in New Karnataka Push appeared first on Blockonomi.

bitcoinist.com Probability Of September Rate Cuts Rises Above 92%, Here’s What It Means For Bitcoin And Crypto

The next meeting for the Federal Open Market Committee (FOMC) is still more than a month away, but it is already garnering a lot of attention due to its importance and impact on the crypto market. Bets are already being placed on what will be the outcome of the meeting and subsequent announcement, with the […]

blockonomi.com Tornado Cash Co-Founder Goes Down for $1B Crypto Crime Ring

TLDR: Roman Storm found guilty of conspiracy to run an unlicensed money-transmitting business. Tornado Cash laundered $1B, including funds from North Korea’s Lazarus Group. DOJ says Storm helped promote and maintain Tornado Cash even after sanctions warnings. Verdict signals tougher U.S. enforcement on crypto tools used for illicit finance. Roman Storm has been convicted. The [...] The post Tornado Cash Co-Founder Goes Down for $1B Crypto Crime Ring appeared first on Blockonomi.

news.bitcoin.com Smarter Web Launches $21 Million Bitcoin-Denominated Convertible Bond

The Smarter Web Company has launched Smarter Convert, a bitcoin-denominated convertible bond fully subscribed by institutional investor TOBAM for $21 million. The initiative enables Smarter Web to raise capital while expanding its bitcoin treasury. TOBAM Backs Smarter Web With $21 Million Investment The Smarter Web Company has announced the successful launch of Smarter Convert, an […]