Michael Saylor’s brief Bitcoin message — “Ignore the Bears” — urged holders to hold through volatility and buy dips; Strategy added 430 BTC this week. The statement reinforced Saylor’s long-term
Zug, Switzerland, August 20th, 2025, Chainwire Ika , the fastest MPC network, today announced a Request for Proposals (RFP) designed to showcase applications that were not possible before, and are not possible anywhere else today. By letting Sui smart contracts natively control assets across other blockchains, Ika unlocks entirely new design spaces for builders. Why it’s only possible on Ika + Sui Ika’s zero-trust MPC network, with its novel 2PC-MPC cryptographic scheme, integrates directly with Sui, turning Sui into a global coordination layer for secure, programmable cross-chain actions - without bridges, wrapped assets, or custodians. Sui builders can now orchestrate native assets from Bitcoin, Solana, EVM, and more, opening entirely new product categories rather than incremental upgrades - and while always keeping the user in control. "These use cases are extraordinary, and they highlight Sui’s role as the global coordination layer for Web3 and beyond" said Adeniyi Abiodun, Co-Founder and Chief Product Officer at Mysten Labs. "With Ika, Sui developers can now orchestrate assets and logic across ecosystems in ways that were never before possible." Breaking New Ground Across Categories The first wave of Ika RFP highlights twelve projects that push into design spaces only Ika + Sui can unlock, for example: 1. Reinventing Finance with Native Assets Ika enables DeFi primitives that work directly with assets like BTC and ETH, without wrapping or custodians. A Zero-Trust Multi-Chain Lending Protocol that allows borrowers to post a native asset such as BTC (or even an entire account holding a staking position) as collateral to borrow any other native asset e.g. a stablecoin on Solana, all enforced by Sui smart contracts. A Programmable Native Bitcoin DeFi Layer that turns Bitcoin into a programmable asset, enabling lending, swaps, and yield strategies natively. 2. Redefining Ownership and Marketplaces Ika extends what can be transferred, traded, and valued across chains. An Account Marketplace goes beyond tokens, enabling the secure transfer of entire blockchain accounts - from gaming wallets to governance positions. A Revenue Stream Marketplace tokenizes future cash flows from protocols or validators, opening new markets and new financing models and opportunities for on-chain income. 3. Next-Gen Infrastructure for Users, DAOs, and AI By enforcing rules at the dWallet level, Ika + Sui make new models of coordination possible. Wallet-as-a-Protocol (WaaP) lets any application integrate onboarding and signing without custodians, decentralizing the popular WaaS model by implementing it on Sui with Ika. A Multi-Chain DAOs Platform enables DAOs to natively manage assets and governance across ecosystems, even making DAO mergers and acquisitions possible. An AI Agent Access Control Framework provides decentralized guardrails for AI agents, allowing them to act across chains securely. Together, these projects demonstrate how Ika + Sui are not improving existing categories. They are creating entirely new ones. Invitation to builders Selected proposals will receive funding, technical support, and ecosystem visibility to ship production-grade applications that prove what’s only possible on Ika + Sui. "We’re incredibly excited to expand the pool of builders working with Ika," said David Lachmish, Co-Founder of Ika. "The projects in this RFP are more than experiments, they have the potential to become the next wave of crypto giants, powered by capabilities that simply don’t exist anywhere else." About Ika Ika is the fastest parallel MPC network, offering sub-second latency, unprecedented scale and decentralization, and zero-trust security. As the premier choice for interoperability, decentralized custody, and chain abstraction, Ika is set to revolutionize digital asset security and multi-chain DeFi. Users can learn more here . ContactIka PRpr@ika.xyz Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Ethereum recently faced heavy selling pressure near the $4.8K region, echoing the heightened volatility seen across the broader crypto market. While the long-term bullish structure remains intact, ETH has now pulled back into a critical support area. The key question is whether buyers can defend this zone or if a deeper correction is on the horizon. ETH Price Technical Analysis By Shayan The Daily Chart On the daily chart, Ethereum has clearly entered a corrective phase, with selling pressure and profit distribution weighing on momentum. This decline has pushed the asset toward the $4K psychological support, which also aligns with the channel’s midline, making it a pivotal level for trend continuation. If buyers successfully defend this zone, ETH could consolidate before attempting another push higher. However, a decisive breakdown below $4K would likely expose the next key support around $3.5K, where the previous swing low and the channel’s lower boundary converge. Despite the current retracement, the broader uptrend remains valid, though momentum has cooled significantly. The 4-Hour Chart On the lower timeframe, Ethereum recently performed a classic liquidity hunt, sweeping above resistance before reversing sharply and breaking below recent higher lows, an early indication of a potential market structure shift. Currently, the price is stabilizing around the $4K region, which also coincides with the multi-month ascending uptrend line. This confluence makes $4K a crucial battleground between bulls and bears. For now, ETH is effectively range-bound between $4K and $4.8K, with liquidity clusters concentrated at both extremes. Until a breakout occurs, the market is likely to remain in a sideways consolidation phase. That said, a sudden bearish breakdown below $4K could trigger a cascade of liquidations, flipping the broader bullish outlook into a bearish scenario. Onchain Analysis By Shayan The Ethereum network is experiencing a severe imbalance in its validator dynamics, with a historic surge in validator exits and a sharp decline in new entries. As of August 20, 2025, more than 916,000 validators are queued to exit, the largest exit queue ever recorded. Unlike previous short-lived spikes, this trend has been accelerating over the past two months, signaling that it is more than just a temporary fluctuation and instead reflects deepening concerns among stakers. This development carries significant on-chain implications. Validators leaving the network regain access to their 32 ETH deposits plus accrued rewards, a considerable portion of which is likely to flow back into circulation. If even part of this ETH is directed toward selling, it could introduce substantial supply-side pressure on the market. In effect, the rapidly expanding exit queue acts as an early warning signal of mounting downside risks. Without a corresponding wave of new demand to absorb the unlocked ETH, Ethereum may face a period of heightened volatility, where the market struggles to balance the incoming supply. This setup increases the likelihood of short-term downside pressure, potentially undermining the broader bullish structure unless staker sentiment improves or new buyers step in decisively. The post Ethereum Price Test: This Key Support Stands Between ETH and Deeper Losses appeared first on CryptoPotato .