According to Glassnode, 70% of Bitcoin’s short-term holders are currently in profit, despite recent price fluctuations. Bitcoin faces resistance at $116,900, and ETF outflows are contributing to low sell pressure.
GMXSOL has launched a perpetual contract for the S&P 500 ETF, enabling decentralized trading of real-world assets on the Solana blockchain. GMXSOL’s perpetual contract is powered by Chainlink, enhancing price
XRP open interest soaring as price jumps to multi-month high
Verb Technology Company Inc. explained it has wrapped up a $558 million private placement to launch what it says will be the first publicly traded firm dedicated to holding toncoin (TON) as a treasury reserve asset. Kingsway-Backed Verb Raises $558M for Toncoin Treasury The deal, which was oversubscribed and carried out in partnership with Kingsway
NEAR Protocol rose 1.93% in the 24 hours to 15:00 UTC on Aug. 8, moving from $2.59 to $2.64. The token traded between $2.54 and $2.71, a 6.84% range that industry executives say highlights ongoing structural weaknesses in crypto markets and the need for clearer regulation. “These volatile trading patterns highlight the need for more robust market infrastructure and clearer regulatory frameworks,” said a senior executive at a major digital asset trading firm. Institutional flows drove much of the activity, with volume surging to 18.9 million units. Analysts pointed to the $2.62 to $2.66 zone as a focus for corporate treasuries and hedge funds. A sharp rejection at $2.67, accompanied by more than 120,000 units sold in four minutes, reflected algorithmic trading patterns that have caught regulators’ attention. Market watchers say the mix of heavy institutional buying and rapid selling shows the sophistication of corporate participation in crypto but also raises stability concerns. Financial Metrics and Investment Analysis NEAR fluctuated within an $0.18 band representing 6.84% volatility between $2.54 support and $2.71 resistance levels. Institutional trading activity peaked at 18.9 million units during Asian market hours, exceeding typical corporate trading patterns. $2.62-$2.66 consolidation attracted corporate investment flows and institutional accumulation strategies. $2.67 level triggered systematic selling protocols with over 120,000 units executed during algorithmic trading sequences. 1.13% decline from session peaks during concentrated selling window indicates institutional risk management protocols remain active. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy .
Block Inc. , led by Jack Dorsey, continued to grow its Bitcoin BTC holdings in the second quarter of 2025 by adding 108 BTC .
The XRP Army believes its recent victory against the SEC confirms they are on the “right side of history,” following the closure of Ripple’s legal battle. The SEC’s lawsuit against
Bitcoin is currently facing significant resistance at the $120,000 level, with market analysts predicting a potential breakthrough if it maintains above $116,900. Bitcoin’s recent rally has brought it close to
Gemini looks smart, but can it actually trade? We put it to the test with sample trades and break down where it helps and where it doesn’t.