The broader crypto market is facing heightened volatility, and Bitcoin , the largest digital asset, has experienced a pullback to the $116,000 threshold. With the market under bearish pressure, several key Bitcoin metrics are beginning to move into negative territory, sparking concerns in the market. Waning Bitcoin Coinbase Premium Index Bitcoin’s price has retested the $116,000 mark once again after a previous run toward $120,000, reflecting growing volatility. In the meantime, one of BTC’s key metrics , particularly the Coinbase Premium Index, has flipped into negative territory. The negative development was disclosed by Alphractal, an advanced on-chain data and investment platform, which signals a potential shift in market sentiment and behavior. Furthermore, the negative reading comes in the midst of heightened volatility rattling investor confidence, raising concerns about the ongoing trend. Specifically, the Bitcoin Coinbase Premium Index is a crucial metric that measures the price difference of BTC between the Coinbase exchange and other global exchanges such as Binance. Looking at the chart shared by Alphractal, the index has now fallen below zero for the first time since May. A drop below zero is considered to be in a negative area, while a rise above zero is thought of as a positive zone. The index moving into a negative zone often suggests that American buyers are stepping back or offloading their BTC holdings. Given that the index typically measures the US demand for BTC , the negative reading sparks questions about the resilience of US-driven momentum and the short-term institutional appetite. According to Alphractal, the event indicates selling pressure in the US market as Bitcoin is now trading at a discount on Coinbase . “Historically, negative values may reflect a lack of interest from US investors or profit-taking moments,” the platform added. As a result, the on-chain platform has urged investors to remain vigilant as investors in the US offload their holdings. This is because of how it often impacts the Bitcoin market in the short term. A Massive Accumulation In The Last Few Months Many crucial Bitcoin metrics may have turned bearish or are struggling to maintain a positive trend, but bullish sentiment among certain investors continues to remain steadfast. A report from Santiment, a leading on-chain platform and market intelligence, highlights robust interest among BTC investors , especially wallet addresses holding between 10 and 10,000 BTC. In the report, Santiment noted that the cohorts have been steadily buying BTC in the last 18 weeks, or since late March 2025. During this period, these investors have amassed about 218,570 more BTC. The 218,570 BTC accumulated within the period represents around 0.9% of the total supply. Even though BTC’s price has briefly lost its upside momentum, the group is not showing signs of stopping, reflecting strong optimism in the asset’s prospects. Following the massive accumulation of BTC, Santiment data shows that these key stakeholders now collectively hold 68.44% of all Bitcoin’s supply.
Ethereum has faced an 8% correction since Monday, cooling off from its recent rally and slipping below the key $3,850 level. This move suggests that the bullish momentum that carried ETH higher in July is beginning to fade, with price now entering a critical consolidation phase. Bulls are still holding key support levels, but the threat of a deeper correction is growing as selling pressure intensifies. Related Reading: Bitcoin New Investor Dominance Rises – No Signs of Mass Profit-Taking Yet On-chain data shows signs of profit-taking from large investors, adding to short-term volatility and uncertainty. Heavy selling volume over the past two days has sparked speculation across the market, especially as Ethereum remains below recent local highs. Analysts are split in their outlook—some argue that this is a healthy pullback within a broader uptrend, while others warn of a potential slide toward the $3,400–$3,500 range if sentiment worsens. Despite the recent drop, Ethereum’s long-term structure remains intact, with fundamentals like growing DeFi usage and Layer 2 adoption continuing to support the narrative. However, the next few days will be critical. If bulls can defend current levels and regain momentum, ETH could attempt another move toward $4,000. If not, the market may see extended downside pressure before a clearer recovery emerges. Ethereum Sees Massive Sell-Off In Two Minutes According to top analyst Maartunn, Ethereum experienced a dramatic spike in taker sell volume, reaching $335 million in just two minutes. This massive wave of sell orders signals a key moment in the market, one that could mark either the peak of profit-taking or the end of panic-driven capitulation. While some interpret the event as large investors securing gains after the recent rally, others believe this could reflect emotional selling from retail traders spooked by short-term volatility. Despite the heavy selling pressure, Ethereum’s long-term bullish narrative remains intact. Large players continue to accumulate, taking advantage of dips and buying from weaker hands. This activity suggests strategic positioning ahead of expected growth in adoption, especially as Ethereum cements its dominance in decentralized finance (DeFi) and real-world asset (RWA) tokenization. ETH spent months in a downtrend earlier this year, weighed down by macro uncertainty and regulatory fears. Yet, while the broader market showed weakness, sophisticated investors appeared to accumulate. Now, with sentiment shifting and the price structure strengthening, Ethereum seems well-positioned for the months ahead. The $335 million sell-off highlights market vulnerability—but also shows that whales are stepping in. If price holds current levels and sentiment stabilizes, Ethereum could see a renewed push toward the $4,000 mark as confidence returns. Related Reading: Whale Buys $153M In Ethereum From Galaxy Digital OTC: Institutions Are Betting Big ETH Tests Support After Breakdown Ethereum (ETH) has officially broken below its critical resistance zone near $3,860, signaling increased selling pressure and short-term weakness. After maintaining a steady range for nearly two weeks, the price has dropped to $3,619 on the 4-hour chart, finding temporary support just above the 100-period SMA (green line), currently near $3,670. This breakdown comes amid an uptick in bearish volume, suggesting momentum may favor sellers in the short term. The 50-period SMA (blue line), located around $3,762, has now turned into near-term resistance, capping any immediate recovery attempts. If bulls fail to reclaim the $3,760–$3,800 zone, Ethereum could risk deeper downside toward the next key support around $3,175 (200 SMA, red line) or even $2,852, which served as a base in early July. Related Reading: BlackRock Goes Heavy on Ethereum: Buys 4x More ETH Than BTC Despite this weakness, the broader trend remains structurally bullish as long as price stays above the 200 SMA. However, bulls must reclaim the $3,860 level and build momentum above it to regain strength. Until then, volatility is expected, especially as profit-taking and macro uncertainty weigh on sentiment. Featured image from Dall-E, chart from TradingView
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On Friday, the Federal Reserve announced that Governor Adriana Kugler plans to step down on August 8, leaving a seat on the Fed’s influential seven-member board that President Trump could fill. Reflecting on her service, she said , “I am proud to have tackled this role with integrity, a strong commitment to serving the public, and with a data-driven approach strongly based on my expertise in labor markets and inflation.” Kugler’s term was originally set to expire in January, but she now intends to leave her post early on August 8. In her resignation letter, she provided no explanation for departing ahead of schedule. President Biden had appointed Kugler to the Fed’s board in September 2023, making her the first Hispanic governor. Before her Fed tenure, she served as a Georgetown University professor and as the U.S. representative to the World Bank. She will rejoin Georgetown’s faculty this fall. After Chair Powell said on Wednesday that rates would stay the same, President Trump ramped up his criticism. Powell warned it could be months before the Fed knows how tariffs are affecting the economy and inflation. Prior to Friday’s jobs numbers, Trump took to Twitter to call Powell “a stubborn MORON” and insist that rates be “substantially lower, NOW.” The report showed that hiring cooled in July and that the May and June figures were lowered. Trump gets another better opportunity to influence Fed Policy Kugler’s departure gives Trump another chance to challenge Chair Powell , as he only needs Senate Republicans to approve his nominee. Trump’s ongoing criticism of Powell’s decision to maintain current rates underscores his desire for a more accommodative policy. As Cryptopolitan reported, Trump might not be able to fire Powell , but appointing a like-minded governor could increase pressure within the board to cut rates. However, the Fed is set up to stay independent from politics, with governors serving 14-year terms. This could lead to a tough Senate confirmation, but if Republicans stick together, Trump could fill the seat without Democratic votes. Earlier this week, Powell indicated that, based on current data and risk assessments, the Fed would hold its primary rate at 4.25 %–4.50 %, a key determinant of borrowing costs across the economy. To boost the economy, the Fed lowers interest rates so people and businesses can borrow more easily. To fight rising prices, it raises rates to make borrowing more expensive and slow down spending. At the start of the pandemic, the Fed cut rates to near zero to avoid a major recession during lockdowns. But in 2022, supply problems and too much money in the economy caused high inflation, so the Fed raised rates to levels not seen since the 2008 crisis. Trump, an outspoken advocate for domestic investment, argues that current inflation no longer needs such high borrowing costs. Over the last year, the Fed has trimmed its key rate by about 100 basis points. On Wednesday, Powell warned that increasing tariffs may feed into consumer prices. “Higher tariffs have begun to show through more clearly to prices of some goods, but their overall effects on economic activity and inflation remain to be seen,” he told reporters. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
Google has agreed to pay millions of dollars to settle a class-action lawsuit accusing the tech giant of illegally collecting customers’ biometric data. According to a newly updated settlement administrator’s portal, Google will pay $8.75 million to settle accusations of collecting and storing biometric data of users of its Google Workspace for Education (or G Suite for Education) in Illinois schools without proper notice or permission. The $8.75 million settlement fund will be shared on a pro rata basis among the victims who file a claim. The lead plaintiff in the lawsuit could receive up to $5,000, while the settlement administrator estimates other class members could collect an amount between $30 and $100. Eligible claimants include individuals in the state whose biometric data was allegedly collected and stored by Google over a decade. “You are a Class Member and are affected by this Settlement if at any time between March 26, 2015 and May 15, 2025, you were a resident of Illinois and had a voice model or face model created or had the Voice Match or Face Match feature enabled in your GWFE account while enrolled in a school located in the State of Illinois.” Claims must be submitted by October 16th. Google says it “denies that it collected, captured, or stored biometric data without proper notice and consent, denies that it violated Illinois law or any other law, denies that it bears any liability whatsoever, and denies that anyone has sustained any damages or injuries due to these allegations.” The final settlement approval hearing is scheduled for October 14th. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Google Preparing To Hand $8,750,000 To Users After Being Accused of Collecting and Storing Biometric Data Without Permission appeared first on The Daily Hodl .
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The roundtables, scheduled to be held in 10 cities, will focus on crypto startups less than two years old and with 10 or fewer employees.
Crypto doesn't exist in a vacuum. Trade deals can often affect it too!
Qubic has released a detailed mining report just two days before its expected 51% dominance attempt on the Monero network, laying out earnings, network influence, and strategic intent. Qubic Lays out 51% Plan In the Epoch 171 mining recap titled “Warming Up the Engines,” written by “retrodrive,” Qubic revealed it earned $180,250 by selling 459
Ethereum co-founder Vitalik Buterin has proposed a new plan that could allow the Ethereum network to handle up to one million validators. This change would greatly improve the network’s scalability, security, and decentralization. The proposal, shared in a recent blog post , focuses on redesigning Ethereum’s consensus protocol by separating the fork choice process from the finality process. Ethereum’s New Proposal Will Change Its Current System Ethereum currently uses one process to determine the latest block and the block finality. However, the Canadian computer programmer suggests that these processes should be split. Notably, this change could make the system simpler and help the network run better. In his proposal, only a small group of about 256 validators would use the LMD GHOST fork choice algorithm in real time. This group would act as Ethereum’s “fast lane” for selecting blocks. They would quickly determine the head of the chain without putting too much strain on the network. By assigning the fork, Ethereum can significantly reduce the computing power required for consensus while maintaining a large, decentralized group of validators. Meanwhile, the finality process would still use the full validator pool, which helps maintain security and trustless validation. It is also worth noting that the proposal is in its research phase. As such, it is open to suggestions and input from the Ethereum community. Ethereum Developer Proposes Faster Blocks Last month, an Ethereum core developer proposed a major change that could significantly speed up the network. EIP-7782, presented on June 21, proposes reducing the network’s block time in half, from 12 seconds to six. The goal is to improve transaction confirmation times and enhance the overall user experience across the ecosystem. Shorter slot times mean that new blocks are proposed twice as often, resulting in more responsive user interfaces and quicker inclusion of transactions. Wallets would display more accurate and up-to-date balances, while layer-2 networks could sync with the Ethereum mainnet more efficiently. The proposal could also bring meaningful improvements to decentralized finance (DeFi) . Ethereum Records Ten Years of Continuous Operation There is no doubt that the Ethereum network is becoming a top choice for many institutions . Buterin says institutions are choosing it not because of hype, but because they trust it to work well and stay reliable. Intriguing, Ethereum has been running for over ten years without a single outage. It has processed millions of transactions and supported many applications without stopping. This is rare in the world of digital technology, where other digital platforms often crash or slow down. Adding to this fact, Vitalik Buterin noted that many institutions now choose Ethereum because it is a dependable platform. This is particularly important when large organizations manage money, sensitive data, and digital services. The post Vitalik Buterin Proposes New Ethereum Upgrade appeared first on TheCoinrise.com .