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The former gaming firm announced on Tuesday that it now holds 521,939 ETH worth close to $1.9 billion at current market value. Joe Lubin’s Ether treasury firm acquired 83,561 ETH for $264.5 million at an average price of $3,634 between July 28 and August 3. SharpLink stated that its ETH-per-share is now 3.66, up from 3.40 last week, and has increased 83% since it began the strategy on June 2. Additionally, its entire stash is staked and has earned 929 ETH worth more than $3.3 million in cumulative staking rewards so far. Ether Treasuries Growing SharpLink has targeted 1 million ETH for its first treasury milestone and is already over halfway there. 1,000,000 ETH is our first milestone The first of many We’re halfway there Accelerate pic.twitter.com/AKrG1GQxta — SharpLink (SBET) (@SharpLinkGaming) August 5, 2025 Lubin described ten years of uptime for Ethereum as a “mainstream moment,” adding that it is about to “break through into mainstream culture,” due to global regulations and financial institutions “getting very serious” about building on the technology. “Stablecoins and Ether treasury companies are bringing Wall Street, or TradFi, onto DeFi so soon it’ll just be called ‘finance’.” Despite its aggressive accumulation of Ether, SharpLink is not the largest ETH treasury company, as that accolade goes to Bitmain Immersion Technologies. The Tom Lee-chaired firm holds 833,100 ETH worth almost $3 billion, according to EthStrategicReserve. Speaking on the Natalie Brunell podcast on Tuesday, Lee said there was no conflict between Bitcoin treasuries and Ethereum treasuries because they were both scarce (comparing them to Tesla and Palantir stocks). The first “killer app” for crypto has emerged and is seeing widespread adoption, and that is stablecoins, he said. Wall Street is running to tokenize its entire system on the blockchain, and it requires smart contracts, he said before adding: “The biggest and most secure blockchain with no downtime is Ethereum, and it’s legally compliant.” The top three Ethereum treasury firms now hold 1.7 billion ETH, which equates to around 1.4% of the total supply. ETH Price Outlook ETH prices have taken a 2% hit on the day as crypto markets continue to cool off after July’s massive rally. The asset had dipped to $3,575 during the Wednesday morning Asian trading session but remained within its three-week range-bound trading channel. However, a fall below $3,400 could see this momentum lost and a larger correction ensue. The post SharpLink Nears $2B in Ether Holdings, Targets 1M ETH Treasury appeared first on CryptoPotato .
South Korea's regulated digital asset custody provider, BDACS, announced that it has begun offering institutional-grade custody services for Ripple (XRP). This development allows XRP to be stored legally and securely as one of the most liquid crypto assets in the country. BDACS announced that XRP is now officially available on its platform, stating, “We are very excited to offer custody support for XRP, one of the most popular digital assets in South Korea, to our institutional clients.” The company also stated that this integration strengthens their long-standing partnership with Ripple and demonstrates their commitment to the South Korean market. Related News: Vitalik Buterin Proposes Significant Changes to Ethereum: Here's What Will Happen If They Are Accepted BDACS has recently integrated with South Korea's leading cryptocurrency exchanges Upbit, Coinone, and Korbit, allowing its customers to use XRP legally on these major platforms. XRP is known for often ranking first in terms of trading volume on South Korea's largest cryptocurrency exchanges, Upbit and Bithumb. *This is not investment advice. Continue Reading: XRP Craze Hits South Korea, Official Institution Announces Bullish XRP Development
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Hyperliquid’s superior derivatives platform drove 35% of blockchain revenue in July, capturing high-value users from struggling Solana.
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BitcoinWorld Decoding BTC Perpetual Futures: Essential Long-Short Ratios Revealed In the fast-paced world of cryptocurrency, understanding market dynamics is paramount. Today, we are diving deep into the BTC perpetual futures market, specifically examining the crucial 24-hour long-short ratios . These ratios offer a powerful lens through which to view current crypto market sentiment , helping traders and investors make more informed decisions. What Do BTC Perpetual Futures Ratios Tell Us? When we talk about long-short ratios in BTC perpetual futures , we are referring to the proportion of long positions (bets that the price will rise) versus short positions (bets that the price will fall) on a given exchange over a specific period. This data is derived from open interest and trading volumes, providing a real-time snapshot of trader sentiment. For instance, if the long ratio is higher, it suggests a bullish bias among traders, expecting Bitcoin’s price to increase. Conversely, a higher short ratio indicates a bearish outlook. Monitoring these ratios is a key component of effective Bitcoin futures trading strategy. Analyzing the Latest 24-Hour Data: A Snapshot of Crypto Market Sentiment Let’s examine the recent 24-hour data for BTC perpetual futures long-short ratios across major exchanges: Total Market: Long 48.11%, Short 51.89% This overall figure suggests a slight bearish tilt in the market over the past day, with more traders positioned for a downside move in Bitcoin’s price. It indicates a cautious, perhaps even pessimistic, crypto market sentiment . How Do Top Exchanges Compare in Derivatives Data Analysis? Looking at individual exchanges provides a more granular view: Binance: Long 47.86%, Short 52.14% Bybit: Long 48.28%, Short 51.72% Gate.io: Long 48.05%, Short 51.95% Interestingly, all three top exchanges reflect a similar trend, with short positions slightly outweighing long positions. Binance shows the strongest short bias among the three, while Bybit is marginally less bearish. This consistency across major platforms strengthens the indication of prevailing bearish sentiment. Understanding these subtle differences through careful derivatives data analysis can offer insights into the trading behavior dominant on each platform. Actionable Insights for Your Bitcoin Futures Trading Strategy So, what can you do with this information? While long-short ratios are not a standalone trading signal, they are a vital piece of the puzzle. Here are some actionable insights: Gauge Market Direction: A sustained trend in long-short ratios can signal a potential shift in market direction. If shorts continue to dominate, it might suggest further downward pressure. Identify Potential Reversals: Sometimes, an extreme imbalance can precede a reversal. If everyone is short, who is left to sell? This could lead to a short squeeze if prices unexpectedly rise. Confirm Your Bias: Use these ratios to confirm or challenge your own trading bias. If you are bullish but the market’s collective short bias is strong, it might be wise to re-evaluate your position or manage risk more tightly. Incorporating this derivatives data analysis into your overall strategy can significantly enhance your understanding of the market’s pulse. Challenges and Nuances in Interpreting Long-Short Ratios While invaluable, interpreting long-short ratios requires caution. They are not foolproof. For example, a high short ratio could mean that many traders are hedging their spot positions, rather than purely speculating on a price drop. Also, liquidity and volume on specific exchanges can influence their individual ratios. Therefore, it is crucial to combine this data with other technical and fundamental analysis tools for a holistic view of the crypto market sentiment and future price movements. In conclusion, the latest 24-hour BTC perpetual futures long-short ratios reveal a prevailing cautious, slightly bearish sentiment across major exchanges. By understanding these dynamics and integrating them into your broader analysis, you can sharpen your Bitcoin futures trading decisions and navigate the volatile crypto landscape with greater confidence. Stay informed, stay strategic! Frequently Asked Questions (FAQs) What are BTC perpetual futures? BTC perpetual futures are a type of derivative contract that allows traders to speculate on the future price of Bitcoin without owning the underlying asset. Unlike traditional futures, they do not have an expiry date, hence ‘perpetual’. How are long-short ratios calculated? Long-short ratios are typically calculated by dividing the total number of long positions by the total number of short positions (or by expressing each as a percentage of the total open interest) on a given exchange over a specified period. Why is it important to monitor crypto market sentiment? Monitoring crypto market sentiment, often reflected in long-short ratios, helps traders gauge the collective mood of the market. This insight can indicate potential price trends, identify overbought or oversold conditions, and inform trading strategies. Can long-short ratios predict price movements accurately? No, long-short ratios alone cannot accurately predict price movements. They are an indicator of current sentiment and positioning. Traders should combine this data with technical analysis, fundamental analysis, and other on-chain metrics for a more comprehensive market outlook. Are these ratios the same across all exchanges? While general trends might be similar, the exact long-short ratios can vary between exchanges due to differences in trader demographics, liquidity, fee structures, and trading volumes on each platform. If you found this analysis insightful, consider sharing it with your network! Help others decode the complex world of BTC perpetual futures and understand crucial crypto market sentiment by sharing this article on your social media platforms. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin’s price action. This post Decoding BTC Perpetual Futures: Essential Long-Short Ratios Revealed first appeared on BitcoinWorld and is written by Editorial Team
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Bitcoin sits at $113,906 today with 24-hour volume nearing $58.5 billion. Despite a minor dip of 0.43%, big money continues flowing in. Galaxy Digital just reported a Q2 profit of $30.7 million, bouncing back from a $295 million Q1 loss. The turnaround was driven by a strategic boost in BTC holdings, now totaling 17,102 BTC (worth roughly $1.95B), up from 13,704. Galaxy Digital now holds 17,102 BTC, up 4,272 BTC in Q2. pic.twitter.com/3EmcmIzi53 — TFTC (@TFTC21) August 5, 2025 CEO Mike Novogratz called July their best month ever, with gains across all divisions. Trading activity might’ve slowed, but Galaxy’s Global Markets arm still clocked a 28% profit rise. Meanwhile, its Helios data center ramped up capacity, showing bullish infrastructure investment. Most importantly, Galaxy actively accumulated 4,272 BTC in Q2 alone. That kind of accumulation squeezes supply, and that could be a strong long-term tailwind for Bitcoin prices. Cango Mines 650 BTC in July, Up 44% MoM Cango, a Chinese firm formerly in auto loans, is now a full-blown Bitcoin miner—and growing fast. In July, it mined 650.5 BTC, a jump from 450 in June, powered by a $256 million Bitmain rig investment. With a hashrate of 32 EH/s, it’s now one of the top 20 publicly traded Bitcoin holders globally, sitting on 4,529.7 BTC ($512M). Miner Monthly Production (BTC) We have added Cango $CANG to the miner dashboard and removed $HUT , which no longer reports each month In July 2025 $CANG reported a massive production figure of 650.5 BTC and the company now holds 4,529.7 BTC https://t.co/BlAsulSdQD pic.twitter.com/JeN3FE4JBC — Farside Investors (@FarsideUK) August 5, 2025 The pivot from cars to crypto isn’t just a flashy rebrand—it’s part of a global trend. Since April, Cango has mined over 1,600 BTC, showing both momentum and commitment. Their move reinforces institutional trust and strengthens BTC’s long-term supply absorption, especially noteworthy for a company based in a country known for strict crypto crackdowns. Trump’s Crypto Order Adds Political Tailwind Donald Trump is expected to sign an executive order protecting crypto companies and conservative groups from “debanking.” The move targets Operation Chokepoint 2.0—allegedly used to cut off banking access to crypto firms. BREAKING: Trump is getting ready to sign an executive order that will fine banks for debanking crypto companies. No more "operation chokepoint" in the US! pic.twitter.com/Yp19BhAmph — Coin Bureau (@coinbureau) August 5, 2025 The order pushes federal agencies to investigate potential violations and calls for reviews of regulations that might’ve enabled discrimination. While legal experts debate its enforceability, the broader message is clear: more political support for crypto access. If successful, this could improve funding and liquidity for the crypto space, opening doors for increased investor confidence, and potentially pushing Bitcoin higher in the long run. Technical Analysis: Bitcoin Struggles Below $115K On the 4-hour chart, Bitcoin remains trapped below the descending trendline and the 50-EMA at $115,440—both acting as dynamic resistance. The recent rejection near $115,400, with small-bodied candles and spinning tops, signals indecision. RSI hovers at 46—bearish bias remains intact. Bitcoin Price Chart – Source: Tradingview Unless bulls reclaim the $115,440 zone, BTC risks slipping toward key support levels: Immediate support : $112,178 Next support : $110,663 Deeper support : $109,060 On the upside, breaking above $115,440 could open targets at $116,912 and $118,878. Trade Setup: Entry: $113,800 Stop-loss: $115,600 Target 1: $112,180 Target 2: $110,660 This short setup favors bears unless BTC breaks above the 50-EMA and trendline. Wait for a strong bearish candle close before entry. Bitcoin Hyper Presale Over $7M as Price Rise Nears Bitcoin Hyper ($HYPER) , the first BTC-native Layer 2 powered by the Solana Virtual Machine (SVM), has raised over $7.1 million in its public presale, with $7,117,770 out of a $7,866,608 target. The token is priced at $0.012525, with the next price tier expected to be announced soon. Designed to merge Bitcoin’s security with Solana’s speed, Bitcoin Hyper enables fast, low-cost smart contracts, dApps, and meme coin creation, all with seamless BTC bridging. The project is audited by Consult and engineered for scalability, trust, and simplicity. The golden cross of meme appeal and real utility has made Bitcoin Hyper a Layer 2 contender to watch in 2025. With staking, a streamlined presale, and a full rollout expected by Q1, $HYPER is gaining serious traction. The post Bitcoin Price Prediction: $1.95B BTC Bet, Trump Order, Bear Flag Below $115K appeared first on Cryptonews .