BitcoinWorld Flow Traders Unlocks Crucial Liquidity for Binance’s New PROVE Token The cryptocurrency world is constantly evolving, with new tokens emerging and requiring robust infrastructure to thrive. A significant development recently caught the attention of the crypto community: Flow Traders , a prominent global trading firm and recognized crypto market maker , has stepped in to provide essential support for Binance’s new PROVE token . This move highlights the critical role that institutional players play in fostering healthy digital asset markets. What is Flow Traders Doing for the PROVE Token? According to insights shared by on-chain analyst @ai_9684xtpa on X, Flow Traders has actively begun supporting the PROVE token by providing significant digital asset liquidity . This means they are ensuring that there’s always a ready supply of the token for buyers and sellers, which is vital for stable price discovery and efficient trading. Just hours before the news broke, Flow Traders received a substantial 2.5 million PROVE tokens directly from the project team. This amount represents a notable 1.28% of the token’s circulating supply, demonstrating a significant commitment. The firm then strategically distributed this entire allocation across several major cryptocurrency exchanges, including Binance, Gate, KuCoin, and Bitvavo. This systematic distribution helps to spread liquidity across various trading venues, making it easier for users globally to trade the PROVE token efficiently. Why is a Crypto Market Maker Crucial for New Tokens? The involvement of a dedicated crypto market maker like Flow Traders is paramount, especially for newly launched digital assets. Think of them as the backbone of efficient trading. Without adequate liquidity, new tokens can suffer from high volatility, wide bid-ask spreads, and difficulty for users to buy or sell at fair prices. This can deter potential investors and hinder a token’s growth. Here’s why their role is so important: Price Stability: By continuously quoting buy and sell prices, market makers reduce large price swings. Reduced Spreads: They narrow the gap between the highest bid and lowest ask price, making trading more cost-effective for users. Enhanced Trading Volume: Their presence encourages more trading activity, leading to a more vibrant market. Improved Trust: The backing of a reputable firm like Flow Traders lends credibility to the Binance new token , PROVE, signaling a serious commitment to its market health. How Does Digital Asset Liquidity Benefit the PROVE Token? The strategic injection of digital asset liquidity by Flow Traders directly benefits the PROVE token and its community. It creates a more robust and reliable trading environment. For users, this means they can execute trades with confidence, knowing there’s sufficient depth in the order books. For the PROVE project team, securing a market maker like Flow Traders means: Smoother Launch: A more orderly trading debut without immediate liquidity issues. Wider Accessibility: Availability on multiple major exchanges thanks to distributed liquidity. Investor Confidence: A professional approach to market management can attract more serious investors. This proactive step by the PROVE team, in collaboration with Flow Traders , sets a positive precedent for the token’s future in the competitive crypto landscape. What’s Next for Binance’s New PROVE Token? The partnership between Flow Traders and the PROVE project team marks a significant milestone. As Flow Traders continues its role as a crypto market maker , the PROVE token is poised for greater stability and accessibility across the market. This ongoing liquidity provision will be key to its sustained growth and adoption. It’s an excellent example of how institutional participation can professionalize and mature the digital asset space, moving beyond speculative trading towards more fundamental market support. The success of the PROVE token will, in part, depend on the continued efficacy of this liquidity strategy. In conclusion, the entry of Flow Traders as a market maker for Binance’s new PROVE token is a truly pivotal development. It underscores the increasing institutional interest in the crypto sector and highlights the crucial importance of robust liquidity for any digital asset aiming for long-term success. This collaboration not only bolsters the PROVE token’s market health but also sets a strong example for future token launches, ensuring a more stable and accessible trading experience for everyone involved. Frequently Asked Questions (FAQs) 1. What is Flow Traders’ primary role with the PROVE token? Flow Traders acts as a crypto market maker , providing essential digital asset liquidity for the PROVE token across various exchanges. This ensures smooth trading and stable prices. 2. Why is a market maker like Flow Traders important for a new cryptocurrency? Market makers are crucial for new cryptocurrencies like the Binance new token , PROVE, because they reduce volatility, narrow bid-ask spreads, and enhance trading volume, making the asset more attractive and accessible to investors. 3. Which exchanges are involved in the liquidity provision for PROVE? Flow Traders has distributed PROVE tokens to major exchanges including Binance, Gate, KuCoin, and Bitvavo to ensure widespread liquidity. 4. How does digital asset liquidity benefit the PROVE token’s ecosystem? Increased digital asset liquidity for the PROVE token leads to a more robust trading environment, smoother launches, wider accessibility, and enhanced investor confidence due to professional market management. 5. What does Flow Traders’ involvement signal for the crypto market? The involvement of a major firm like Flow Traders signals increasing institutional interest and a maturing landscape in the crypto sector, moving towards more professional market support for digital assets. If you found this article insightful, please consider sharing it with your network! Your support helps us continue to deliver valuable crypto market insights. To learn more about the latest crypto market trends, explore our article on key developments shaping digital assets institutional adoption. This post Flow Traders Unlocks Crucial Liquidity for Binance’s New PROVE Token first appeared on BitcoinWorld and is written by Editorial Team
BitcoinWorld Animoca Brands Partnership Unveils Revolutionary Web3 Gaming Future The world of blockchain gaming is constantly evolving, and a significant development has just unfolded! The Animoca Brands partnership with AMGI Studios marks a pivotal moment for the industry. This strategic alliance aims to push the boundaries of Web3 entertainment, bringing exciting new possibilities to players and developers alike. Are you ready to dive into what this collaboration means for the future of decentralized gaming? What Does This Animoca Brands Partnership Mean? Animoca Brands, a leading blockchain game developer and investor, officially announced this strategic collaboration on its website. Their new ally is AMGI Studios, the creative minds behind the popular blockchain-based game, My Pet Hooligan . This move signifies a deeper commitment from Animoca Brands to fostering innovation within the Web3 ecosystem. As part of this exciting venture, Animoca Brands will make a significant investment by acquiring KARRAT tokens . These tokens are not just digital assets; they are the utility and governance backbone for both the My Pet Hooligan game and the broader Studio Chain ecosystem. This acquisition highlights the confidence Animoca Brands has in AMGI Studio’s vision and technology. Furthermore, Animoca Brands will actively support the ongoing development of Studio Chain . This innovative layer-2 blockchain is specifically designed for gaming applications. It promises to offer a more scalable and efficient environment for blockchain games, addressing some of the common challenges faced by developers in the space. The support for Studio Chain is a crucial element of this Web3 gaming investment . How Will KARRAT Token Power the Ecosystem? The KARRAT token is central to this partnership. It serves multiple vital functions within AMGI Studio’s offerings. For players of My Pet Hooligan , KARRAT tokens enable in-game utilities, potentially unlocking exclusive content, features, or participation in governance decisions. This direct utility strengthens the player experience and gives them a stake in the game’s evolution. Beyond the game itself, KARRAT also governs the Studio Chain. This means token holders can participate in decisions regarding the network’s development, upgrades, and future direction. Such a decentralized governance model empowers the community and ensures the platform evolves in a way that benefits its users. This focus on community-driven development is a hallmark of successful Web3 projects. The acquisition of KARRAT tokens by Animoca Brands is a strong endorsement of their belief in the token’s long-term value and its role in shaping the future of decentralized gaming. It’s a clear signal that both companies are committed to building a robust and interconnected blockchain gaming landscape. Exploring the Vision Behind Studio Chain Studio Chain represents a forward-thinking approach to blockchain infrastructure for gaming. As a layer-2 solution, it aims to overcome the limitations often associated with primary blockchains, such as high transaction fees and slow processing times. By building on a layer-2, Studio Chain can offer a more seamless and enjoyable gaming experience. Key benefits of Studio Chain include: Enhanced Scalability: It can handle a higher volume of transactions, which is crucial for large-scale multiplayer games. Lower Transaction Costs: Reduced fees make in-game transactions more accessible and appealing for players. Faster Processing: Quicker confirmation times lead to a smoother and more responsive gameplay experience. Developer-Friendly Environment: Designed to simplify the process for game developers to integrate blockchain technology into their creations. Animoca Brands’ support for Studio Chain underscores its strategic importance. They recognize that robust infrastructure is key to the widespread adoption of blockchain games. This collaboration with AMGI Studios blockchain game expertise is set to accelerate the development and adoption of this promising technology. What Does This Partnership Mean for Web3 Gaming? This collaboration between Animoca Brands and AMGI Studios is more than just a business deal; it’s a significant step forward for the entire Web3 gaming sector. It demonstrates a growing trend of established Web3 entities investing in and collaborating with innovative game developers. This synergy can lead to: Accelerated Innovation: Combining resources and expertise can fast-track the development of cutting-edge blockchain games. Increased Adoption: More refined and enjoyable gaming experiences will attract a wider audience to Web3. Stronger Ecosystems: Interconnected projects and shared infrastructure build a more resilient and vibrant decentralized gaming world. New Economic Models: The utility of the KARRAT token within the Studio Chain exemplifies how new economic paradigms can emerge, empowering players and creators. Ultimately, this Animoca Brands partnership reinforces the idea that Web3 gaming is maturing rapidly. With significant investments and strategic alliances like this one, the future looks incredibly bright for decentralized entertainment. The Road Ahead: Challenges and Opportunities While the partnership brings immense opportunities, challenges naturally exist. Ensuring widespread adoption of Studio Chain and the KARRAT token requires continuous innovation, user education, and a commitment to security. However, with Animoca Brands’ extensive experience in the blockchain space and AMGI Studios’ creative prowess, they are well-positioned to navigate these hurdles. The potential for new game titles, enhanced player experiences, and a more robust blockchain infrastructure is immense. This strategic Web3 gaming investment promises to deliver tangible benefits to the community, fostering a more engaging and equitable gaming landscape. Concluding Thoughts: A New Era for Blockchain Gaming The alliance between Animoca Brands and AMGI Studios is a testament to the exciting potential within the blockchain gaming industry. By combining Animoca Brands’ strategic investment capabilities and ecosystem reach with AMGI Studios’ innovative game development and technical expertise in Studio Chain, this partnership is set to unlock new levels of creativity and engagement. The KARRAT token will undoubtedly play a crucial role in empowering this burgeoning ecosystem. We are witnessing the dawn of a new era for decentralized entertainment, driven by such impactful collaborations. Frequently Asked Questions (FAQs) Q1: What is the Animoca Brands partnership with AMGI Studios? A1: Animoca Brands has announced a strategic partnership with AMGI Studios, creators of the blockchain game My Pet Hooligan . This collaboration involves Animoca Brands acquiring KARRAT tokens and supporting the development of Studio Chain, a layer-2 blockchain for gaming. Q2: What is the KARRAT token and its role? A2: KARRAT is AMGI Studios’ utility and governance token. It powers both the My Pet Hooligan game and the Studio Chain ecosystems, enabling in-game utilities and community participation in governance decisions. Q3: What is Studio Chain? A3: Studio Chain is an innovative layer-2 blockchain designed specifically for gaming. It aims to provide enhanced scalability, lower transaction costs, and faster processing times for blockchain games, offering a more efficient and developer-friendly environment. Q4: How will this partnership benefit Web3 gaming? A4: This collaboration is expected to accelerate innovation, increase adoption, strengthen Web3 gaming ecosystems, and foster new economic models within the decentralized gaming space through combined resources and expertise. Q5: What is My Pet Hooligan? A5: My Pet Hooligan is a blockchain-based game created by AMGI Studios, which is now central to the partnership with Animoca Brands and utilizes the KARRAT token. If you found this article insightful, please share it with your network! Help us spread the word about the exciting developments in Web3 gaming by sharing on social media. To learn more about the latest crypto market trends, explore our article on key developments shaping blockchain gaming institutional adoption . This post Animoca Brands Partnership Unveils Revolutionary Web3 Gaming Future first appeared on BitcoinWorld and is written by Editorial Team
Ripple contributes to Senate's crypto legislation with regulatory experience. Proposed law aims to define digital asset jurisdiction between CFTC and SEC. Continue Reading: Ripple Leads the Way in Shaping U.S. Crypto Legislation The post Ripple Leads the Way in Shaping U.S. Crypto Legislation appeared first on COINTURK NEWS .
BitcoinWorld MYX Token Price Plunges: Shocking 58% Drop After Unlock & Hack VC Sell-Off The cryptocurrency market often delivers unexpected turns, and recent events surrounding the MYX token price are a prime example. Investors witnessed a significant downturn today as the MYX token experienced a sharp 58% drop. This dramatic fall coincided directly with a scheduled token unlock, sparking immediate questions about market dynamics and investor behavior. What Triggered the Dramatic MYX Token Unlock Impact? On-chain analysis reveals that the considerable decline in the MYX token price was not random. It directly followed a pre-scheduled token unlock event. Token unlocks release previously restricted tokens into the circulating supply, which can increase selling pressure. In this case, a major investor, Hack VC, played a pivotal role. According to on-chain analyst @ai_9684xtpa on X, Hack VC claimed a substantial amount of MYX tokens. Specifically, they received 1,279,890 MYX, valued at approximately $2.16 million at the time. This claim originated from an airdrop contract over a seven-hour period, setting the stage for the subsequent market reaction. Unpacking the Hack VC Sell-Off Following the token claim, Hack VC proceeded with a significant Hack VC sell-off . The firm executed two separate transactions to offload these newly acquired tokens onto the market. Such large-scale selling by a prominent investor can significantly influence a token’s price, especially if market liquidity is thin. Here’s a closer look at the impact of this specific event: Increased Supply: The release of 1.28 million MYX tokens from a locked state instantly increased the circulating supply. Investor Behavior: Hack VC’s decision to sell immediately after claiming suggests a strategy to realize profits or reduce exposure, contributing heavily to the downward pressure. Market Reaction: The sheer volume of the Hack VC sell-off overwhelmed buying demand, leading to the rapid price depreciation of the MYX token. Navigating Crypto Market Volatility After Token Unlocks The incident with MYX highlights a common pattern in the crypto space: the heightened crypto market volatility around token unlock events. When large tranches of tokens held by early investors or project teams become liquid, there’s an inherent risk of increased selling pressure. This can lead to sharp price corrections, even for otherwise promising projects. Understanding the token unlock impact is crucial for any crypto investor. These events are often publicly scheduled, allowing market participants to anticipate potential supply increases. However, the exact timing and scale of selling activity by specific entities, like the recent Hack VC sell-off , can be unpredictable and cause significant price swings. What Does This Mean for MYX Token Holders? For current holders of the MYX token , such a sharp decline can be concerning. It underscores the importance of thorough research into a project’s tokenomics, including its vesting schedules and unlock dates. While some projects mitigate the impact of unlocks with buybacks or strong development news, others may experience significant price discovery downwards. Investors should consider these points: Risk Assessment: Always evaluate the risks associated with token unlocks. Diversification: Avoid over-exposure to any single asset, especially those with significant upcoming unlocks. Long-Term View: For long-term investors, short-term volatility might present buying opportunities, but careful due diligence is paramount. The MYX token’s recent performance serves as a stark reminder of the dynamic and sometimes unforgiving nature of the digital asset market. In conclusion, the dramatic fall in MYX token price following its token unlock and the substantial Hack VC sell-off provides a valuable case study in the complexities of crypto market dynamics. It reinforces the critical need for investors to stay informed about tokenomics, vesting schedules, and the potential for increased crypto market volatility around such events. Understanding the immediate and long-term token unlock impact is key to navigating these challenging waters successfully. Frequently Asked Questions (FAQs) What caused the MYX token price to drop so sharply? The MYX token price dropped significantly due to a large volume of tokens being unlocked and subsequently sold by a major investor, Hack VC, immediately after they claimed their tokens from an airdrop contract. What is a token unlock? A token unlock is a scheduled event where previously locked cryptocurrency tokens, often held by early investors, team members, or advisors, become available for trading. This can increase the circulating supply and potentially lead to selling pressure. Who is Hack VC and what was their role in the MYX token event? Hack VC is an investor in MYX Finance. They claimed 1,279,890 MYX tokens (worth approximately $2.16 million) from an airdrop contract and then sold them in two separate transactions, directly contributing to the MYX token price decline. Is it common for crypto prices to fall after a token unlock? Yes, it is relatively common for cryptocurrency prices to experience downward pressure or increased volatility after a token unlock, especially if large amounts of tokens are released and subsequently sold by major holders. How can investors prepare for potential token unlock impact? Investors can prepare by researching a project’s tokenomics, understanding its vesting schedule and unlock dates, and assessing the potential supply increase. Diversifying portfolios and practicing risk management are also crucial strategies. Did you find this analysis insightful? Share this article on your social media channels to help others understand the recent MYX token price movements and the broader implications of token unlocks in the crypto market! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action . This post MYX Token Price Plunges: Shocking 58% Drop After Unlock & Hack VC Sell-Off first appeared on BitcoinWorld and is written by Editorial Team
The crypto market is on the move again. The recent approval of the XRP ETF structure by the SEC has triggered fresh optimism among traders. XRP quickly gained momentum, with Ethereum following closely behind. Both are now being watched for breakout price action as ETF-driven demand picks up. Investors see this as a key turning point. The SEC’s greenlight on in-kind crypto ETF redemptions is fueling confidence that the altcoin market is finally entering a new phase of legitimacy. As a result, capital is rotating faster than ever, with early winners already starting to form. MAGACOIN FINANCE has quietly entered the mix as part of this rotation. MAGACOIN FINANCE Attracts Fresh Capital as ETF Hype Reshapes the Market As XRP gains strength from ETF approval and ETH picks up bullish momentum, traders are expanding their search beyond the top ten. Many are now moving into emerging presale tokens that carry real upside. One name catching serious attention is MAGACOIN FINANCE. With its presale underway, MAGACOIN FINANCE is drawing in traders who believe this cycle still has room for smaller tokens to explode. What stands out is how quickly funds are flowing in—not just from retail wallets but also from mid-sized holders moving capital out of XRP and Ethereum. The token’s appeal lies in more than just hype. MAGACOIN FINANCE offers a clean token model, clear branding, and a cultural edge that taps into real-world sentiment. Its political theme resonates with a wide online community, giving it the viral spark that earlier meme tokens needed to catch fire. Based on current inflows and presale growth, some investors believe MAGACOIN FINANCE could deliver gains of up to 37x. While no token is guaranteed to hit those heights, the early demand suggests it’s becoming one of the stronger contenders in this ETF-fueled rotation. XRP and ETH Set the Stage—But Newcomers Could Ride the Wave Higher XRP’s ETF support is helping rewrite the rules for altcoin legitimacy. Ethereum is positioned to benefit next, with many expecting a spillover effect as institutions embrace a wider range of assets. But while these giants lead the headlines, smart traders are already looking at the next layer down. The presale space is heating up again, and well-positioned tokens like MAGACOIN FINANCE are standing out. The key isn’t just hype—it’s timing. With ETF narratives dominating, tokens that align with broader trends have a better chance of rapid growth. MAGACOIN FINANCE checks that box with strong community roots and growing market visibility. Conclusion: The Window for Early Movers Is Open XRP and ETH are reigniting the altcoin cycle thanks to ETF approval momentum. As capital floods back into the market, traders are not only holding the old names—they’re rotating into new ones with greater upside. MAGACOIN FINANCE is becoming a standout in that shift. Its presale is gaining speed as more investors recognize the potential for strong returns in a fast-changing market. For those paying attention, the opportunity to enter early is still there—but maybe not for long. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: XRP ETF Approval Triggers XRP and ETH Price Breakout Forecasts
Ethereum’s price has experienced moderate declines over the past week, dropping around 5% after a period of notable gains in previous months. At the time of writing, ETH is trading near $3,633, fluctuating between the $3,500 and $3,700 range over the past day. This price movement follows a broader market cooling, with many traders engaging in profit-taking after Ethereum’s earlier upward trend. Recent on-chain and derivatives market data suggest that Ethereum may be heading into a consolidation phase. Related Reading: Ethereum Price Battles Key Levels – Will Buyers Step Back In? Derivatives Market Data Signals Selling Pressure CryptoQuant analyst Darkfost shared an outlook indicating increased selling pressure and potential short-term weakness in the ETH futures market. The analyst highlighted that despite several attempts to breach the $4,000 resistance level, Ethereum has yet to break through, indicating possible market hesitancy at current levels. Darkfost emphasized that the behavior of the futures market has shifted notably over the past few weeks. According to data from Binance, Ethereum’s taker buy/sell ratio has dropped to 0.87, one of the lowest levels observed this year. A ratio below 1 typically indicates that sell orders are dominating over buy orders, suggesting that traders are either closing long positions or opening shorts. The analyst noted that this trend began around July 18 and has remained mostly negative since then, limiting upward momentum. Additionally, the seven-day and 30-day simple moving averages (SMAs) have started to trend downward, which could be a sign of slowing market momentum. Binance continues to hold the largest share of ETH futures open interest among exchanges, making sentiment on this platform particularly influential. With sellers currently exerting more control, the data suggests a potential continuation of this consolidation phase until buying activity strengthens. Mixed Views on Ethereum’s Longer-Term Outlook While near-term market data points to a challenging period for Ethereum, some analysts maintain a positive longer-term outlook. A recent post by Titan of Crypto, a well-followed market commentator on X, projected a potential price target of $8,000. According to Titan of Crypto, Ethereum’s price structure is forming a large monthly triangle pattern that could eventually lead to a breakout, opening the way toward a significant rally. Related Reading: Ethereum’s Rally Isn’t What It Seems — Here’s What’s Really Driving It This bullish view aligns with other optimistic forecasts on X, where traders speculate that Ethereum could revisit or surpass its previous all-time highs once key resistance levels are cleared and broader market demand returns. $ETH below $4,000 is a steal. Institutional accumulation, supply crunch, network activity; you name it, and #Ethereum has everything. The rally above $10,000 this cycle will be epic. 🚀 pic.twitter.com/26YTa3lQn8 — Ted (@TedPillows) August 4, 2025 However, for now, the lack of strong futures buying activity and persistent selling pressure in derivatives markets appear to be capping short-term gains. Featured image created with DALL-E, Chart from TradingView
US President Donald Trump is moving ahead with a plan to target banks that cut off customers over politics or crypto. His team is expected to issue an executive order within days. According to a report from The Independent, the order will push regulators to dig into possible breaches of the Equal Credit Opportunity Act, antitrust rules, and consumer protection laws. It could hit banks with hefty fines, consent decrees, or other penalties. Background Of Banking And Crypto Clash Industry voices say crypto firms have long felt frozen out by big banks. They point to “Operation Chokepoint 2.0” under the Biden years, which they claim led to sudden account closures without clear reasons. BREAKING: Trump to prepare executive order that punishes banks that discriminate against conservatives, according to Wall Street Journal report. — The Spectator Index (@spectatorindex) August 5, 2025 In 2023, Coinbase CEO Brian Armstrong said JPMorgan Chase warned it would shut accounts tied to main crypto income. In November the following year, Elon Musk said as many as 30 tech entrepreneurs lost bank access under that policy. Banks have since pushed back. They say decisions were about anti-money laundering rules. They add that managing reputational risk lets them guard against fraud and legal trouble. Trump To End Banks’ ‘Reputational Risk’ Shield According to The Wall Street Journal , the order will tell federal bank overseers to look for violations of key laws. The Equal Credit Opportunity Act bans discrimination in lending. Antitrust laws keep competition fair. Consumer protection statutes shield against unfair practices. If banks are found at fault, they face monetary penalties or binding consent orders. The move aims to stop banks from using compliance as an excuse for political bias. It could also strip away so-called reputational risk guidelines that critics blame for “debanking.” Penalties And Enforcement Based on a report by Reuters , the order could be in force as early as this week. It will empower regulators to impose fines or other disciplinary steps. It also asks the Small Business Administration to review banks that guarantee SBA loans. That means any lenders accused of cutting ties with certain customers may face fresh scrutiny. Calls for comment to the White House went unanswered, according to Reuters. The Politics Of Banking Cuts Trump has been outspoken about big banks. In January, he accused the CEOs of JPMorgan Chase and Bank of America of turning away conservative clients. The banks denied the claims. At the same time, Republican politicians and state officials have slammed “woke capitalism,” saying banks are cutting off gun makers, fossil fuel firms, and others that lean right. Those voices helped shape the executive order’s focus. Featured image from Andrew Harnik/Getty Images., chart from TradingView
Pump.fun is slowing down, and fast.
This substantial purchase significantly bolsters SharpLink’s total Ethereum holdings. Consequently, the firm now possesses 480,031 ETH. The total ETH stack is now valued at $1.65 billion. Simultaneously, a specific ETH-based altcoin project, Mutuum Finance (MUTM) , is capturing significant investor attention during its ongoing presale. SharpLink’s strategic Ethereum bet SharpLink Gaming is actively mirroring successful Bitcoin treasury strategies. The company is firmly committed to Ethereum instead. This latest purchase, averaging $3,530 per token, involved using USDC over two days. Moreover, SharpLink appointed Joseph Chalom, formerly of BlackRock’s digital assets division, as Co-CEO in late July. This leadership move signals deep expertise guiding its crypto investment strategy. Consequently, SharpLink has positioned itself among the largest corporate holders of Ethereum globally. Overall, corporate ETH holdings now exceed 2.74 million tokens, worth $9.71 billion, indicating strong institutional crypto investment interest. Despite SharpLink’s stock (SBET) rising 35% monthly and 112% year-to-date, some analysts caution about its premium valuation. They suggest direct ETH exposure or crypto ETF products might offer clearer value propositions for investors monitoring crypto prices. Mutuum Finance presale momentum builds Mutuum Finance (MUTM) presale momentum continues accelerating impressively. Phase 6 is currently underway and selling out rapidly. Investors have already contributed over $14,100,000 since the presale began. Furthermore, participants have snapped up more than 665 million MUTM tokens. Total MUTM holders now stand at 14,800. The current price per token in this phase is $0.035. This represents a substantial 250% increase, or 3.5 times, the opening phase price of $0.01. The opportunity to acquire tokens at this level is diminishing quickly. Phase 7 will commence shortly, introducing a 14.3% price hike to $0.04. Mutuum Finance (MUTM) will launch officially at $0.06. Purchasing now, therefore, guarantees a minimum 71% return on investment. Future crypto predictions suggest significantly higher potential gains post-launch. Some analysts forecast targets reaching $1.50 or beyond based on platform adoption. Robust security underpins Mutuum Finance Security remains paramount for Mutuum Finance (MUTM). The project has successfully finalized its CertiK smart contract audit. CertiK awarded Mutuum Finance (MUTM) an outstanding security score of 95.00. This result confirms a solid security posture for the platform. Importantly, auditors found zero vulnerabilities within the examined smart contract code. Furthermore, no security incidents have occurred during the past 90 days. To enhance security further, Mutuum Finance has partnered with CertiK again. They launched an official Bug Bounty Program. A substantial $50,000 USDT reward pool is available for ethical hackers. Rewards are tiered based on vulnerability severity: Critical findings: Highest rewards Major, minor, and low findings: Proportionate rewards This proactive approach incentivizes thorough scrutiny and strengthens the protocol continuously. Major giveaway fuels community excitement Mutuum Finance (MUTM) is celebrating its presale progress enthusiastically. The team announced its largest giveaway ever. Participants stand to win a share of $100,000 in MUTM tokens. Ten fortunate winners will each receive $10,000 worth of tokens. Participation involves straightforward steps: Submit a valid wallet address for potential prize receipt. Complete all required quests meticulously. Confirm eligibility through a minimum $50 investment in the Mutuum Finance presale. This initiative significantly boosts community engagement and participation. Additionally, Mutuum Finance (MUTM) introduced a dynamic dashboard featuring a leaderboard. The top 50 token holders will receive bonus token rewards. This system incentivizes holding and strengthens long-term commitment among major supporters. Final thoughts SharpLink’s massive Ethereum acquisition underscores a strong institutional belief in ETH’s value. Concurrently, Mutuum Finance (MUTM) offers a timely presale opportunity within this growing altcoin segment. With its current price at $0.035 in Phase 6, the guaranteed 71% ROI at launch and strong post-launch crypto predictions present a compelling case. Explore the Mutuum Finance (MUTM) presale details today. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance The post SharpLink buys 30,755 ETH for $108M as new altcoin gains traction appeared first on Invezz
Bitcoin price is struggling to recover above the $116,200 zone. BTC is now consolidating and might decline further below the $112,500 zone. Bitcoin started a fresh decline from the $115,500 zone. The price is trading below $114,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $114,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $115,500 resistance zone. Bitcoin Price Faces Resistance Bitcoin price found support near the $112,000 zone and started a recovery wave. BTC was able to climb above the $113,200 and $114,000 resistance levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $118,918 swing high to the $112,000 low. However, the bears were active near the $115,500 resistance and the price struggled to continue higher. The 50% Fib retracement level of the downward move from the $118,918 swing high to the $112,000 low acted as a resistance. Bitcoin is now trading below $114,000 and the 100 hourly Simple moving average . There is also a bearish trend line forming with resistance at $114,400 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $114,000 level. The first key resistance is near the $115,000 level. The next resistance could be $115,500. A close above the $115,500 resistance might send the price further higher. In the stated case, the price could rise and test the $116,500 resistance level. Any more gains might send the price toward the $118,000 level. The main target could be $120,000. Another Decline In BTC? If Bitcoin fails to rise above the $115,000 resistance zone, it could start another decline. Immediate support is near the $113,200 level. The first major support is near the $112,500 level. The next support is now near the $112,000 zone. Any more losses might send the price toward the $110,500 support in the near term. The main support sits at $108,500, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $112,600, followed by $112,000. Major Resistance Levels – $115,000 and $115,500.