On-chain analytics firm Glassnode has revealed the Tron (TRX) cohort that has been responsible for the latest profit-taking event on the network. Tron Has Just Seen Its Largest Profit-Taking Wave In Months In a new thread on X, Glassnode has discussed about the profit-taking spree that has just occurred on the Tron network. Over the last 24 hours, the Realized Profit has hit $1.4 billion, which is the second largest amount for 2025 so far. The “Realized Profit” here naturally refers to an on-chain indicator that measures the total amount of gain that TRX investors are realizing through their transactions. It works by going through the transfer history of each coin being sold to check what price it was moved at prior to this. If this previous value was less than the latest spot price for any token, then that particular token’s sale is leading to a profit realization equal to the difference between the two prices. The Realized Profit sums up this profit involved in all transfers occurring on the blockchain during a given day. An indicator known as the Realized Loss keeps track of the sales of the opposite type. From the above table, it’s visible that this metric’s value has remained low for TRX, suggesting no capitulation has accompanied the profit-taking. While the latest spike in the Realized Profit is massive, it hasn’t come in isolation. As the below chart shows, the metric’s value has been elevated for Tron in the past few days. Since Saturday, the network has been seeing nearly $1 billion in profit-taking every day. “This marks the most sustained wave of realized profit for TRON in months,” notes the analytics firm. Now, the main question is, who are the investors responsible for this profit realization wave? The below chart answers the question, breaking down the Realized Profit for the various holder groups. The cohorts displayed here have been divided based on coin age . For example, investors who have been holding since between 1 week and 1 month ago are put in the 1w-1m band. It would appear that the 3y-5y band, corresponding to addresses holding since at least three years and at most five years ago, have made up for the majority of the recent Realized Profit spike. “This suggests participants from the 2020–2021 cycle are exiting into strength – a notable shift in behavior that could influence short-term market dynamics,” says Glassnode. TRX Price While most of the cryptocurrency sector has taken a hit during the past week, Tron is relatively unscathed as its price is still trading around $0.33.
Bitcoin is currently undergoing a period of downward movement after briefly setting a new all-time high earlier last month. Over the past week, the world’s largest cryptocurrency has declined by nearly 4%, trading at $113,993 at the time of writing. This represents a drop of approximately 7.2% from the peak price of above $123,000 reached in July. The decline has sparked renewed discussion among analysts about the asset’s current price discovery phase and what it could mean for the remainder of 2025. Related Reading: Bitcoin Is Secretly Tracking This Market Signal: Weiss Crypto Bitcoin Price Discovery and the Potential for Q4 Gains CryptoQuant analyst Oinonen shared his latest assessment of Bitcoin’s market performance, noting that while the recent pullback appears significant, it primarily reflects technical market conditions. In his post on the QuickTake platform, he explained that a combination of macroeconomic uncertainty, technical indicators turning bearish, and liquidation events has contributed to the decline. However, he described the ongoing situation as a “technical correction” within Bitcoin’s longer-term bullish structure. Despite the short-term weakness, analysts remain focused on Bitcoin’s price discovery process. This phase, according to Oinonen, is essential in establishing the asset’s fair market value as supply and demand interact in the market. Following the all-time high of $123,400 on July 14, Bitcoin appears to be consolidating, potentially setting the stage for further upward movement later in the year. “Bitcoin has historically performed well in the fourth quarter,” Oinonen noted, suggesting that a return to its previous peak and even a potential move toward $200,000 could be on the horizon if historical patterns hold. Additionally, the analyst pointed to Binance’s high stablecoin reserves as a factor that may influence Bitcoin’s trajectory. These reserves represent capital that could flow into Bitcoin and other digital assets if market sentiment improves. A positive shift in buying activity, combined with Bitcoin’s reflexive market behavior, could support further gains, although the extent to which this would benefit altcoins remains uncertain. Related Reading: Is Bitcoin Losing Steam? Analysts Warn of Fragile Market Support Caution Over Negative Coinbase Premium Signals While some market participants anticipate a possible rebound later this year, other analysts are urging caution. Another CryptoQuant contributor, known as BQYoutube, highlighted a recent change in the Coinbase Premium Index, a metric comparing prices on Coinbase versus other exchanges. Since June 30, the premium has shifted to negative, indicating weaker buying pressure from US-based investors. “Historically, stronger Bitcoin rallies have coincided with a positive Coinbase Premium,” BQYouTube wrote, suggesting that traders may want to wait for signs of renewed spot demand before expecting a sustainable uptrend. Featured image created with DALL-E, Chart from TradingView
Bitcoin Indonesia said it recently pitched Bitcoin to the Vice President’s office and explored Bitcoin mining as a national reserve strategy.
Will Spark crypto sustain its August recovery attempt?
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Chirag Tomar is
Chirag Tomar, convicted in the U.S. for a $20M crypto scam using fake Coinbase websites, ran a phishing network targeting global victims.
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Bitcoin’s August recovery
BitcoinWorld Indian Rupee: Critical Weakness Grips Asia FX Ahead of Pivotal RBI Rate Decision In the dynamic world of financial markets, volatility is a constant companion. For those immersed in cryptocurrencies, the experience of rapid market shifts is well-known. However, this inherent unpredictability is not exclusive to digital assets. Traditional markets, particularly the foreign exchange (FX) landscape, are currently experiencing significant turbulence, with the Indian Rupee facing a particularly challenging period. As investors and market watchers keenly await the Reserve Bank of India’s (RBI) upcoming rate decision, understanding the forces at play becomes paramount. What drives these movements, and what implications do they hold for the broader financial ecosystem? The Indian Rupee ‘s Precarious Position: A Deep Dive The Indian Rupee has recently found itself in a vulnerable state, hovering near record lows against the strengthening US Dollar. This weakening trend is not an isolated event but rather a confluence of several global and domestic factors that exert pressure on the currency. Strong US Dollar: The primary driver behind the Rupee’s depreciation is the relentless strength of the US Dollar. A robust US economy, coupled with the Federal Reserve’s hawkish stance on interest rates, makes the dollar an attractive safe-haven asset, drawing capital away from emerging markets. Rising Crude Oil Prices: India is a major importer of crude oil. Higher global oil prices mean a larger import bill, which puts downward pressure on the Rupee as more dollars are needed to pay for these imports. This trade deficit expansion contributes to the currency’s weakness. Foreign Institutional Investor (FII) Outflows: Global risk aversion often leads to FIIs pulling money out of emerging markets like India. When foreign investors sell their Indian assets (equities, bonds) and repatriate funds, it creates a demand for dollars, further weakening the Indian Rupee . Global Economic Slowdown Concerns: Broader worries about a potential global economic slowdown can also deter foreign investment, impacting capital flows into India and other developing economies. Understanding Asia FX Weakening Trends: A Regional Perspective The challenges faced by the Indian Rupee are not unique within the continent. A broader trend of Asia FX weakening has been observed, as various Asian currencies grapple with similar external pressures. The interconnectedness of global finance means that factors affecting one major economy can ripple across the region. Several factors contribute to this regional currency depreciation: US Federal Reserve’s Monetary Tightening: As the US Fed continues to raise interest rates, the yield differential between US assets and those in Asia narrows, making US investments more appealing. This encourages capital outflows from Asian markets. China’s Economic Slowdown: China’s economic performance significantly impacts its Asian trading partners. A slowdown in China can reduce demand for goods and services from neighboring countries, affecting their export revenues and, consequently, their currencies. Geopolitical Tensions: Regional and global geopolitical uncertainties can also prompt investors to seek safer assets, leading to capital flight from Asian markets and contributing to Asia FX weakening . To illustrate the regional trend, consider the recent performance of select Asian currencies (illustrative, not real-time data): Currency Recent Performance (Illustrative) Key Factors Japanese Yen (JPY) Significant depreciation Divergence in monetary policy (BOJ maintaining ultra-low rates vs. Fed hikes) South Korean Won (KRW) Moderate weakening Exposure to global trade, tech sector slowdown, US Dollar strength Thai Baht (THB) Slight weakening Tourism recovery, but global economic uncertainty Malaysian Ringgit (MYR) Notable depreciation Commodity prices, political stability, US Dollar strength The Anticipated RBI Monetary Policy Decision: What to Expect? All eyes are now on the Reserve Bank of India as it prepares to announce its latest RBI monetary policy decision. This decision is critical, as it will signal the central bank’s stance on managing inflation, supporting economic growth, and stabilizing the Indian Rupee . Market participants are keenly debating the possible outcomes: Interest Rate Hike: The RBI might opt for another interest rate hike to combat persistent inflation and support the Rupee. Higher rates can make the Rupee more attractive to foreign investors, potentially drawing in capital. Status Quo (Hold Rates): The central bank could choose to maintain the current rates, perhaps to assess the impact of previous hikes on economic growth, especially if there are signs of a slowdown. Change in Stance: Beyond rate changes, the RBI’s commentary on its future outlook and stance (e.g., ‘withdrawal of accommodation’ vs. ‘neutral’) will be closely scrutinized for clues on future policy direction. The RBI’s challenge is to strike a delicate balance between curbing inflation, which erodes purchasing power, and supporting economic growth, which is vital for job creation and prosperity. Its decision will have significant ramifications for the Rupee’s trajectory and the broader financial markets. Navigating the Global Forex Market Volatility The current environment of currency weakness is part of a larger narrative playing out in the Global Forex market . This market, the largest and most liquid financial market in the world, is constantly influenced by a multitude of factors, creating inherent volatility. Understanding these broader influences is key to comprehending the local impact. Key drivers of volatility in the Global Forex market include: Interest Rate Differentials: The difference in interest rates between two countries is a primary driver of currency movements. When a country’s central bank raises rates, its currency tends to strengthen as investors seek higher returns. Geopolitical Events: Wars, political instability, and international disputes can trigger risk aversion, leading investors to flock to safe-haven currencies like the US Dollar, Swiss Franc, or Japanese Yen. Commodity Prices: Countries that are major exporters or importers of commodities (like oil, metals, or agricultural products) see their currencies directly affected by fluctuations in these prices. Economic Data: Inflation figures, GDP growth rates, employment reports, and trade balances all provide insights into an economy’s health, influencing investor sentiment and currency valuations. The current environment, characterized by aggressive rate hikes by major central banks (excluding some like the BOJ), elevated inflation, and geopolitical uncertainties, creates a challenging backdrop for many currencies, including those in Asia. Implications of Currency Fluctuations for Investors and Businesses The ongoing currency fluctuations , particularly the weakening of the Indian Rupee and other Asian currencies, have tangible impacts on various stakeholders. For businesses, investors, and even everyday consumers, these shifts translate into real economic consequences. Challenges: Higher Import Costs: A weaker Rupee means that imported goods, from electronics to raw materials and crucial crude oil, become more expensive. This can fuel domestic inflation and increase input costs for businesses. Reduced Corporate Earnings (for some): Companies that rely heavily on imported components or have significant foreign currency-denominated debt may see their profit margins squeezed due to higher costs and increased debt servicing expenses. Inflationary Pressures: The pass-through effect of higher import costs can contribute to overall inflation, eroding the purchasing power of consumers. Potential Opportunities (for some): Boost for Exporters: A weaker currency makes a country’s exports more competitive in international markets, as foreign buyers can purchase goods and services at a lower cost in their own currency. Attracting Foreign Investment (potentially): While initial outflows might occur due to risk aversion, a relatively weaker currency can make domestic assets (like stocks and real estate) appear cheaper and more attractive to foreign investors in the long run, especially if the economic fundamentals remain strong. Actionable Insights for Businesses: Businesses exposed to currency risks can consider strategies to mitigate the impact of currency fluctuations : Hedging: Using financial instruments like forward contracts or options to lock in exchange rates for future transactions can provide certainty. Diversification: Spreading investments across different currencies or markets can reduce overall exposure to a single currency’s volatility. Local Sourcing: Where feasible, increasing reliance on local suppliers can reduce exposure to import costs tied to foreign exchange rates. Conclusion: Navigating the Storm The current environment for the Indian Rupee and broader Asia FX weakening trends underscores the complex interplay of global economic forces, central bank policies, and investor sentiment. The upcoming RBI monetary policy decision is a pivotal moment that will shape the immediate trajectory of the Rupee and provide crucial signals to the Global Forex market . While currency fluctuations present challenges, they also highlight the need for robust economic management and adaptable business strategies. As markets continue to evolve, staying informed and understanding these fundamental drivers remains essential for navigating the financial landscape successfully. To learn more about the latest Forex market trends, explore our article on key developments shaping the Indian Rupee and global interest rates affecting liquidity and institutional adoption. This post Indian Rupee: Critical Weakness Grips Asia FX Ahead of Pivotal RBI Rate Decision first appeared on BitcoinWorld and is written by Editorial Team
BitcoinWorld Crucial Galaxy Digital SOL Deposit: $40.7M Moves to Binance, Sparking Market Interest A significant event recently caught the eye of the crypto community: a substantial Galaxy Digital SOL deposit . Crypto financial services giant Galaxy Digital unstaked a massive 250,000 SOL, valued at an impressive $40.7 million, and promptly moved it to the Binance Exchange. This notable SOL Binance transfer occurred just hours ago, as reported by Lookonchain on X, citing precise data from Solscan. Such a considerable movement of assets from a major player like Galaxy Digital often sparks considerable discussion and speculation within the market. What Does This SOL Binance Transfer Signify? When a firm like Galaxy Digital executes a large SOL transaction of this magnitude, it typically indicates a strategic maneuver. Unstaking assets frees them from locking periods, making them liquid and available for various purposes. These purposes might include preparing for a sale, rebalancing portfolios, or even facilitating over-the-counter (OTC) deals that bypass immediate market impact. However, a direct deposit to an exchange like Binance often suggests an intention to increase liquidity on the platform, potentially for trading activities. This action by Galaxy Digital is not just a simple transfer; it is a clear signal of their active management of their Solana holdings. It underscores the dynamic nature of institutional participation in the crypto space, where large entities constantly adjust their positions based on market conditions and strategic objectives. Analyzing the Large SOL Transaction and Market Implications The immediate question following such a substantial large SOL transaction is its potential effect on Solana’s price. While a direct deposit to an exchange does not automatically mean a sell-off, it does increase the available supply on the exchange. If these SOL tokens were to be sold, it could create temporary selling pressure on the market. However, it is also possible that Galaxy Digital is using Binance for liquidity provision, derivatives trading, or other strategic financial operations that do not involve immediate liquidation. Observing the market’s reaction in the hours and days following this transfer will provide clearer insights. Traders and analysts are closely monitoring Solana’s price action and overall trading volume on Binance to gauge the true intent behind this significant deposit. Understanding these movements is crucial for anyone tracking Solana’s ecosystem. Understanding Crypto Whale Activity and Solana Market Impact This move by Galaxy Digital perfectly exemplifies typical crypto whale activity . Whales, or large holders of cryptocurrency, possess the power to influence market dynamics through their substantial transactions. Their actions are often seen as indicators of broader market sentiment or upcoming trends. When a whale unstakes and deposits assets to an exchange, it creates a ripple effect, prompting other market participants to analyze the potential reasons and consequences. The ultimate Solana market impact from this specific deposit will depend on subsequent actions. If a significant portion of the deposited SOL is sold, we might see downward price pressure. Conversely, if it is held or used for other purposes, the impact could be minimal or even positive, indicating institutional confidence in Solana’s long-term prospects. This event serves as a reminder of how crucial it is to monitor the on-chain movements of major players in the crypto world. What Should Investors Watch For? Price Action: Monitor SOL’s price performance on Binance and other major exchanges. Significant dips could suggest selling. Volume Changes: Look for unusually high trading volumes for SOL, which might accompany large buy or sell orders. Further Transfers: Keep an eye on Solscan for any additional large movements from Galaxy Digital or other institutional wallets. News & Announcements: Stay updated on any official statements from Galaxy Digital that might clarify their intentions. In conclusion, the recent Galaxy Digital SOL deposit of $40.7 million into Binance is a notable development in the Solana ecosystem. While the immediate implications remain speculative, this large SOL transaction highlights the ongoing crypto whale activity and its potential Solana market impact . It underscores the strategic maneuvers of institutional players like Galaxy Digital, reminding us of the importance of vigilance in the fast-paced world of digital assets. Staying informed about such significant transfers is key to navigating the volatile crypto markets effectively. Frequently Asked Questions (FAQs) What is Galaxy Digital’s role in this SOL transfer? Galaxy Digital is a prominent crypto financial services firm. Their role in this transfer was to unstake 250,000 SOL and deposit it into the Binance Exchange, indicating active management of their crypto assets. Why did Galaxy Digital deposit SOL into Binance? While the exact reason is not publicly stated, depositing to an exchange like Binance typically suggests increasing liquidity for potential trading, rebalancing portfolios, or facilitating over-the-counter (OTC) deals. How does a large SOL transaction affect the Solana market? A large SOL transaction, especially a deposit to an exchange, can increase the available supply. If these tokens are sold, it could create temporary selling pressure. However, if held or used for other purposes, the market impact might be minimal or even positive. What is “crypto whale activity”? “Crypto whale activity” refers to the significant transactions made by individuals or entities holding a large amount of cryptocurrency. These movements are closely watched as they can influence market sentiment and price trends due to their sheer volume. Should investors be concerned about this SOL movement? Investors should remain informed but avoid immediate panic. Such movements are part of institutional asset management. It’s crucial to monitor subsequent market reactions, such as price action and trading volume, rather than assuming an immediate sell-off. Did you find this analysis helpful? Share this article with your network on social media to keep others informed about significant cryptocurrency movements and their potential market implications! To learn more about the latest Solana market impact trends, explore our article on key developments shaping Solana’s price action and institutional adoption. This post Crucial Galaxy Digital SOL Deposit: $40.7M Moves to Binance, Sparking Market Interest first appeared on BitcoinWorld and is written by Editorial Team
Base, Coinbase’s Ethereum Layer-2 blockchain, experienced a 33-minute outage on Tuesday after a faulty system switch disrupted block production. The issue arose at 6:07 a.m. UTC when the network’s main sequencer—responsible for ordering transactions—began to lag. To prevent downtime, the network relies on a management tool called Conductor, designed to automatically reroute operations to a backup sequencer. However, in this instance, the conductor mistakenly redirected the load to a mainnet sequencer still under development and not equipped to handle live transactions. This misconfiguration triggered a full stop in block production across the network. According to Base Build , the project’s official communications channel on X, engineers quickly responded to the incident and restored full functionality by 6:40 a.m. UTC. The team confirmed that no chain reorganization was needed, which helped preserve the blockchain’s stability. Despite the brief duration, the incident spotlighted critical vulnerabilities in Base’s infrastructure, raising concerns about reliability in one of Ethereum’s fastest-growing Layer-2 ecosystems. Centralized sequencer architecture raises red flags The recent outage has reignited scrutiny over Base’s underlying architecture and its centralized design. Like many Layer-2 rollups , the network relies on sequencers to order transactions before batching them for final settlement on Ethereum. While multiple sequencers exist, only one operates at any given time—selected exclusively by the Conductor, the network’s centralized decision-maker. Tuesday’s disruption exposed the risk of this setup: if the Conductor assigns the role to an unprepared sequencer, the entire network can grind to a halt. The incident highlighted the vulnerability of having a single point of failure in a system designed for scale. Critics have raised concerns that centralization weakens blockchain reliability and resilience, especially when servicing high transaction volumes. As of this week, Base secures over $4.1 billion in total value locked (TVL), according to DeFiLlama, underscoring the magnitude of risk when outages occur. To mitigate future issues, Base Build stated it is updating its infrastructure. In the future, all sequencers in the system will be configured and ready to take over block-building duties immediately, ensuring that failover mechanisms won’t lead to system halts. This marks the second major outage for Base since its public launch. The first occurred on September 5, 2023, just weeks after going live. That incident also involved a block production failure and lasted 43 minutes. Base acknowledges error, developers show support Base’s engineering leadership was quick to take responsibility for the disruption. In a statement on X, the network’s head of engineering — who goes by “aflock” — said the team takes “chain uptime very seriously.” “You can’t power a global economy without a solid backbone of a network,” aflock wrote . “Proud of the team for the quick response here and glad we’ve found several ways to harden our systems going forward.” While outages often trigger backlash in crypto communities, this one received an unusual reaction from some developers and industry leaders — many viewed it as a sign of Base’s growing relevance. Former Coinbase engineer and Save Finance founder 0xrooter said that people typically only complain about downtime on blockchains with real users, describing the incident as “bullish downtime.” Similarly, Mert Mumtaz, CEO of Helius Labs, likened the event to issues faced by Solana, another high-throughput blockchain with repeated network outages. Despite this, Solana remains widely used, especially among retail users and developers. Recently, DeFiLlama data shows Solana and Base as two of the most active blockchains by users in the ecosystem. Solana is way ahead with 2.83 million active addresses , while base inches past the competition at 1.09 million. These numbers indicate that, despite the regular service outages, both chains are still heavily used. Solana stands second for DeFi TVL at around $9.6 billion, while Base is in sixth place. These numbers show that despite the performance issues both chains experienced, there has been no significant decrease in user interest on either side. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now