BitcoinWorld Ethereum Foundation’s Pivotal $500K Match for Roman Storm Legal Defense The cryptocurrency world is buzzing with significant news! The Ethereum Foundation , a cornerstone of the blockchain ecosystem, has stepped up in a major way. They are committing to match up to $500,000 in community donations to bolster the Roman Storm legal defense . This move directly supports the co-founder of Tornado Cash, Roman Storm, who is currently navigating complex Tornado Cash legal issues in court. Why is the Ethereum Foundation Stepping Up? Hsiao-Wei Wang, the executive director of the Ethereum Foundation , publicly announced this significant commitment on X (formerly Twitter). This decision highlights the foundation’s dedication to supporting individuals facing legal challenges within the decentralized space. Furthermore, it sends a clear signal of solidarity from a prominent entity in the blockchain world. The matching fund initiative aims to provide crucial financial resources for Storm’s ongoing trial. He faces serious charges, including money laundering and sanctions violations, which stem from his involvement with Tornado Cash, a well-known crypto mixer. This support is viewed by many as a defense of core decentralized principles. What Are the Charges Against Roman Storm and Tornado Cash? Roman Storm is a co-founder of Tornado Cash, a decentralized protocol designed to enhance transactional privacy on the Ethereum blockchain. Users deposit crypto into a pool and withdraw it later from a different address, effectively obscuring the link between sender and receiver. While this technology serves legitimate privacy needs, it has unfortunately also been exploited by illicit actors. The U.S. government sanctioned Tornado Cash in August 2022, alleging its use in laundering billions of dollars, including funds stolen by North Korean hackers. Storm’s arrest and subsequent trial have sent ripples through the crypto community, raising profound concerns about developer liability and the future of crypto privacy regulations . How Will This Impact Crypto Privacy Regulations and DeFi Legal? This case extends beyond Roman Storm himself. It represents a critical test for the entire decentralized finance (DeFi) ecosystem and the fundamental principle of financial privacy. The outcome could set powerful precedents for how governments approach open-source software development and the responsibilities of developers whose tools are used for illicit activities. Many in the crypto community view the prosecution of developers as a direct threat to innovation and the fundamental right to privacy. The Ethereum Foundation ‘s support, therefore, underscores the perceived importance of this case for the future of decentralized finance (DeFi) legal frameworks globally. It highlights the ongoing tension between regulatory oversight and the ethos of decentralization. How is the Community Supporting Roman Storm? The announcement from the Ethereum Foundation has invigorated the community’s efforts to support Storm. Already, there have been significant grassroots fundraising initiatives from various corners of the crypto world. The foundation’s matching pledge amplifies these efforts, demonstrating a collective commitment to protecting developers and defending privacy-enhancing tools. This collective action showcases the strong sense of community and mutual support within the crypto space. It is a powerful example of how the decentralized ethos can translate into real-world action when foundational principles are perceived to be under threat. Furthermore, it reinforces the idea that the community stands united against what they see as overreach. What Lies Ahead for Tornado Cash Legal Issues? The legal proceedings involving Roman Storm are complex and ongoing. The outcome will undoubtedly have far-reaching implications for developers, privacy tools, and the broader regulatory landscape. This case will likely shape future discussions around the intersection of technology, privacy, and law enforcement for years to come. As the trial progresses, the crypto world will be watching closely. The robust support from the Ethereum Foundation and the wider community will be vital for Roman Storm as he navigates these challenging legal waters. This situation emphasizes the urgent need for clearer crypto privacy regulations that effectively balance innovation with legitimate security concerns. In conclusion, the Ethereum Foundation ‘s pledge to match community donations for Roman Storm legal defense is a pivotal moment for the crypto industry. It not only provides critical support to an individual facing serious charges but also signals a collective stand on issues of developer liability, privacy, and the future of Tornado Cash legal issues and decentralized finance. This commitment underscores the ongoing battle for regulatory clarity and the preservation of core decentralized principles. Frequently Asked Questions (FAQs) Who is Roman Storm and why is he facing legal charges? Roman Storm is a co-founder of Tornado Cash, a cryptocurrency mixer. He is facing charges including money laundering and sanctions violations due to the alleged use of Tornado Cash by illicit actors. What is Tornado Cash and why was it sanctioned? Tornado Cash is a decentralized protocol designed to enhance transaction privacy on the Ethereum blockchain. It was sanctioned by the U.S. Treasury in August 2022, which alleged it was used to launder billions of dollars, including funds stolen by North Korean hackers. How is the Ethereum Foundation supporting Roman Storm? The Ethereum Foundation has pledged to match up to $500,000 in community donations to support Roman Storm’s legal defense. This initiative aims to provide essential financial resources for his ongoing trial. What are the broader implications of this case for the crypto industry? This case is seen as a crucial test for developer liability and the future of privacy-enhancing tools in decentralized finance (DeFi). Its outcome could set precedents for how governments regulate open-source software and the responsibilities of developers. How can the community contribute to Roman Storm’s legal defense? The Ethereum Foundation’s pledge is a matching fund, meaning community donations are actively encouraged. Interested individuals can contribute through various grassroots fundraising initiatives that are being amplified by the foundation’s commitment. Did you find this article insightful? Share it with your network and help spread awareness about the significant developments in the crypto legal landscape! To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum institutional adoption. This post Ethereum Foundation’s Pivotal $500K Match for Roman Storm Legal Defense first appeared on BitcoinWorld and is written by Editorial Team
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BitcoinWorld Upbit IP Listing: A Tremendous Opportunity for Story Blockchain’s IP Token Get ready for a significant development in the cryptocurrency world! South Korean crypto giant Upbit has officially announced the highly anticipated Upbit IP listing . This move brings the native token of the innovative Story blockchain, known as IP, to a wider audience, promising exciting new trading avenues. Starting August 8 at 04:00 UTC, traders will gain access to IP/KRW, IP/BTC, and IP/USDT trading pairs, marking a pivotal moment for the IP token trading community. What Does the Upbit IP Listing Mean for Traders? The addition of IP to Upbit’s robust platform is a game-changer. Upbit, as a leading Upbit crypto exchange , provides immense liquidity and exposure. Consequently, this listing means the IP token will become significantly more accessible to a vast pool of investors, particularly those in South Korea and beyond. Here’s what this listing entails: Increased Accessibility: Listing on a major exchange like Upbit opens the IP token to millions of potential new traders. Enhanced Liquidity: More trading pairs (KRW, BTC, USDT) typically lead to deeper liquidity, making it easier to buy and sell IP tokens with less price slippage. Improved Price Discovery: Broader exposure helps establish a more accurate market price for the IP token based on increased supply and demand dynamics. Mainstream Recognition: Being listed on Upbit boosts the credibility and visibility of the Story blockchain project. Unpacking the Story Behind the IP Token and Story Blockchain The IP token is not just another digital asset; it serves as the core utility token of the Story blockchain . This layer-1 blockchain project aims to revolutionize digital content creation and distribution, empowering creators and fostering a decentralized ecosystem. Understanding the underlying technology and vision is crucial for anyone engaging in IP token trading . Story blockchain focuses on: Decentralized Content: Providing a robust infrastructure for creators to manage, monetize, and distribute their digital content without intermediaries. Creator Economy: Empowering artists, writers, musicians, and other creators with direct ownership and control over their work. Scalability and Security: A layer-1 solution designed to handle high transaction volumes securely, essential for a global content platform. This foundational strength adds significant weight to the new crypto listings on Upbit, as it’s backed by a tangible project with clear utility and a forward-thinking vision. How to Prepare for These Exciting New Crypto Listings on Upbit If you’re looking to participate in the Upbit IP listing , preparation is key. Whether you’re a seasoned trader or new to the scene, a few steps can help you navigate the upcoming launch smoothly. Consider these actionable insights: Fund Your Upbit Account: Ensure your Upbit crypto exchange account is funded with KRW, BTC, or USDT well before August 8. This ensures you’re ready when trading begins. Research the IP Token: Dive deeper into the Story blockchain whitepaper and project roadmap to understand its long-term potential. Knowledge is power! Understand Trading Pairs: Familiarize yourself with how trading pairs work, especially if you plan to trade against Bitcoin or USDT. Each pair has unique dynamics. Practice Risk Management: Crypto markets can be volatile. Always trade with a clear strategy and only invest what you can afford to lose. The addition of IP token pairs is a notable event for the entire crypto community, signaling growth and innovation within the decentralized space. What’s Next for Story Blockchain and IP Token Trading? The Upbit IP listing is a significant milestone, but it’s just one step in the broader journey for the Story blockchain. This increased visibility and liquidity can catalyze further development, partnerships, and user adoption. As the project gains more traction through major exchange listings, its ecosystem is likely to expand, bringing more utility and demand for the IP token. The future looks bright for new crypto listings that are backed by strong, utility-driven projects like Story blockchain. The market will closely watch how the IP token performs following its debut on one of South Korea’s largest exchanges. A Final Thought on the Upbit Crypto Exchange and Its Market Impact Upbit continues to play a crucial role in the Asian crypto market. Its decision to list the IP token reinforces its commitment to supporting innovative blockchain projects. For traders, this means more opportunities to diversify portfolios and engage with emerging technologies. The anticipation surrounding this listing underscores the dynamic nature of the crypto space. In conclusion, the upcoming Upbit IP listing on August 8 is a monumental event for the Story blockchain and its native IP token. With the introduction of IP/KRW, IP/BTC, and IP/USDT pairs, the IP token is poised for increased accessibility, liquidity, and recognition. This strategic move by the prominent Upbit crypto exchange highlights the continuous evolution and expansion of the digital asset landscape. Traders and enthusiasts alike should keep a close eye on this exciting development. Frequently Asked Questions (FAQs) Q1: What is the IP token? A1: The IP token is the native utility token of the Story blockchain, a layer-1 project focused on decentralizing digital content creation and distribution. Q2: When will the IP token be listed on Upbit? A2: The IP token will be listed on Upbit on August 8, 202X, at 04:00 UTC. Q3: Which trading pairs will be available for IP on Upbit? A3: Upbit will support IP/KRW, IP/BTC, and IP/USDT trading pairs. Q4: Why is the Upbit IP listing significant? A4: The Upbit IP listing is significant because it provides the IP token with increased accessibility, liquidity, and mainstream recognition due to Upbit’s large user base and prominent position in the South Korean crypto market. Q5: What is the Story blockchain? A5: Story blockchain is a layer-1 blockchain designed to empower creators by providing a decentralized infrastructure for managing, monetizing, and distributing their digital content. Did you find this information helpful? Share this article with your friends and fellow crypto enthusiasts on social media to spread the word about the exciting Upbit IP listing and the potential of the Story blockchain! To learn more about the latest crypto market trends, explore our article on key developments shaping new crypto listings and their impact on future price action. This post Upbit IP Listing: A Tremendous Opportunity for Story Blockchain’s IP Token first appeared on BitcoinWorld and is written by Editorial Team
Two sweeping executive orders promise to transform U.S. finance, with President Donald Trump fortifying banking freedoms and unlocking cryptocurrency access in retirement accounts for millions seeking greater diversification and financial independence. 2 Executive Orders Could Reshape US Finance With Banking Protections and Crypto in Retirement White House crypto czar David Sacks highlighted on Aug. 7
BitcoinWorld SharpLink ETH Holdings: Nasdaq Firm’s Strategic $85.46M Purchase Boosts Treasury to $2.12 Billion In a significant move that has captured the attention of the cryptocurrency world, SharpLink Gaming, a Nasdaq-listed company, recently made headlines with a substantial purchase of Ethereum (ETH). This bold action significantly increased their SharpLink ETH holdings , showcasing a unique and aggressive Ethereum investment strategy in the corporate landscape. This development highlights a growing trend of institutional crypto adoption , where traditional companies are increasingly integrating digital assets into their financial strategies. What’s Behind SharpLink’s Strategic Ethereum Investment Strategy? SharpLink Gaming is not just any company; it’s a Nasdaq-listed entity with a distinct treasury approach focused heavily on Ethereum. According to data from Arkham, cited by Lookonchain on X, the company acquired an impressive 21,959 ETH, valued at approximately $85.46 million, within a mere four-hour window. This strategic acquisition is part of a larger plan. SharpLink recently completed a $200 million direct public offering. The company explicitly stated its intention to use the entire proceeds from this offering to purchase ETH. This commitment underscores a strong belief in Ethereum’s long-term value and positions SharpLink as a pioneering example of a dedicated corporate ETH treasury strategy. The Rising Tide of Institutional Crypto Adoption SharpLink’s substantial investment is more than just a company’s financial decision; it’s a powerful signal of broader institutional crypto adoption . As more public companies explore and embrace digital assets, the cryptocurrency market gains further legitimacy and stability. This trend indicates a maturing market where major players are no longer shying away from the volatility often associated with crypto. The decision to build a significant corporate ETH treasury reflects several potential motivations: Diversification: Adding digital assets can diversify traditional treasury holdings. Growth Potential: Companies may view cryptocurrencies like Ethereum as assets with significant upside potential. Inflation Hedge: Some perceive cryptocurrencies as a hedge against inflation, similar to gold. SharpLink Gaming’s actions provide a compelling case study for other corporations considering a similar Ethereum investment strategy . SharpLink Gaming’s Expanding ETH Portfolio: A Closer Look at SharpLink ETH Holdings With this latest acquisition, SharpLink Gaming’s total SharpLink ETH holdings have reached an astonishing 543,898 ETH, now valued at an impressive $2.12 billion. This makes SharpLink one of the most significant corporate holders of Ethereum globally. The sheer scale of their holdings demonstrates a deep conviction in Ethereum’s ecosystem and its future. This massive accumulation of SharpLink Gaming ETH could have several implications: It may inspire other institutional investors to consider similar moves, potentially driving further demand for Ethereum. It solidifies Ethereum’s position as a preferred asset for corporate treasuries looking beyond Bitcoin. The ongoing accumulation by a Nasdaq-listed company adds a layer of credibility to the digital asset space. The company’s transparent approach to using public offering funds specifically for ETH purchases sets a precedent in the evolving landscape of corporate finance. What Does This Mean for the Future of Corporate ETH Treasury? SharpLink Gaming’s aggressive Ethereum investment strategy is a testament to the growing acceptance and integration of digital assets into mainstream finance. Their substantial SharpLink ETH holdings not only represent a significant financial commitment but also serve as a beacon for other corporations observing the success and potential of institutional crypto adoption . As the digital economy continues to evolve, we can expect more companies to explore the benefits of a robust corporate ETH treasury , following in the footsteps of pioneers like SharpLink. SharpLink Gaming’s strategic move to boost its SharpLink ETH holdings to over $2.12 billion marks a pivotal moment in the intersection of traditional finance and the crypto world. This bold Ethereum investment strategy by a Nasdaq-listed company not only highlights the increasing trend of institutional crypto adoption but also sets a new benchmark for a proactive corporate ETH treasury . It’s a clear signal that digital assets are no longer a niche interest but a serious consideration for forward-thinking enterprises. Frequently Asked Questions (FAQs) 1. What is SharpLink Gaming’s primary business? SharpLink Gaming is a Nasdaq-listed company, primarily known for its sports betting and iGaming content and technology solutions. 2. How much Ethereum (ETH) does SharpLink Gaming now hold? As of their recent purchase, SharpLink Gaming now holds 543,898 ETH, valued at approximately $2.12 billion. 3. Why is SharpLink Gaming investing so heavily in Ethereum? SharpLink Gaming has adopted an Ethereum-focused treasury strategy, using proceeds from a direct public offering specifically to buy ETH. This indicates a belief in Ethereum’s long-term value and its potential as a corporate asset. 4. Does this signify a broader trend of institutional crypto adoption? Yes, SharpLink’s significant Ethereum investment strategy is a strong indicator of increasing institutional crypto adoption , where public companies are integrating digital assets into their financial reserves. 5. What is a corporate ETH treasury? A corporate ETH treasury refers to a company’s strategy of holding Ethereum as part of its corporate reserves, similar to how traditional companies hold cash or other financial assets. This is often done for diversification, potential growth, or as an inflation hedge. If you found this article insightful, consider sharing it with your network! Help us spread the word about the exciting developments in the world of institutional crypto adoption and corporate treasury strategies. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum institutional adoption. This post SharpLink ETH Holdings: Nasdaq Firm’s Strategic $85.46M Purchase Boosts Treasury to $2.12 Billion first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin is holding at $116,830 as mainstream adoption is taking off in the US. Sheetz, a popular convenience store chain with locations across multiple states, is offering 50% off all purchases between 3 pm and 7 pm when paid with cryptocurrency through Flexa. The “ Crypto Crave & Save ” promotion is designed to get people spending real crypto in the real world, with payments converted to fiat instantly to protect merchants from volatility. I feel like this is actually bad news for Bitcoin….. https://t.co/jbi5ERD8s7 — titey.eth (@Mtitus6) August 7, 2025 It’s spreading. Steak ‘n Shake just reported saving 50% on payment fees by using Bitcoin over credit cards. These are signs that US businesses are starting to view digital assets as not just investments but as functional payment tools. Regulatory Divergence Between the U.S. and EU Across the Atlantic, the European Banking Authority has finalized draft rules giving “unbacked” crypto assets like Bitcoin a 1,250% risk weight, meaning EU banks would need €12.5 million in capital for every €1 million in BTC holdings. While the measure may limit crypto exposure in Europe, it also formalizes Bitcoin’s place in the financial system, a step analysts say could strengthen long-term adoption. By contrast, U.S. policy is moving in the opposite direction. President Donald Trump announced plans to allow cryptocurrencies in 401(k) retirement plans, opening the door to a $9 trillion market. Ether rose 4% on the news, and crypto-related equities rallied, with Coinbase gaining 3%, Galaxy Digital 6%, and Bitmine Immersion 8%. Galaxy CEO Mike Novogratz called it a “milestone” for integrating digital assets into mainstream finance. Bitcoin (BTC/USD) Technicals Signal Bullish Continuation From a charting perspective, Bitcoin remains in a bullish flag pattern that has been consolidating since late July’s high of $123,255. The pattern’s lower bound aligns with an upward trendline from April and the 50-day SMA at $113,154 — a key support confluence that has drawn consistent buying interest. Bitcoin Price Chart – Source: Tradingview Momentum is turning positive, with the daily RSI at 54 after bouncing from earlier oversold conditions. Defending the 0.382 Fibonacci retracement at $113,682 has reinforced the case for an upside move. A breakout above $117,350 could open a path back to $123,255, with further targets at $126,981 and $131,574. If $113,150 fails, however, short-term sentiment may turn cautious, exposing $110,725 and $107,768. Traders eyeing an entry may look for a high-volume move through $117,350 to confirm the breakout. Bitcoin is coiling inside a bullish flag at $116.8K, holding trendline + 50-SMA support. A breakout above $117.35 could target $123K, then $127K. Q4 could be the launchpad for $250K+ in 2025. #Bitcoin #BTC #Crypto pic.twitter.com/IBPG1rHoF3 — Arslan Ali (@forex_arslan) August 8, 2025 Bitcoin Price Outlook into Q4 The combination of rising retail adoption, favorable U.S. policy shifts, and a supportive technical structure gives Bitcoin a bullish bias heading into the fourth quarter. If the bullish flag resolves upward, it could mark the start of a new leg higher, potentially paving the way toward the $250K–$500K price projections some analysts are targeting for 2025. With institutional and retail demand converging, BTC’s current consolidation may be less a pause than a launchpad. New Presale Bitcoin Hyper ($HYPER) Combines Bitcoin Security With Solana Speed Bitcoin Hyper ($HYPER) is the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM) , built to supercharge the Bitcoin ecosystem with fast, low-cost smart contracts, dApps, and meme coin creation. By merging Bitcoin’s security with Solana’s performance , it unlocks powerful new use cases – all with seamless BTC bridging. The project is audited by Consult and built for scalability, simplicity , and trust . Investor interest is surging, with the presale already surpassing $7.4 million and only a small allocation remaining. HYPER tokens are currently available at just $0.012765 , but that price is set to rise in the next 3 days. You can buy HYPER tokens on the official Bitcoin Hyper website using crypto or a bank card. Click Here to Participate in the Presale[/cta The post Bitcoin Price Prediction: Bullish Flag and Policy Shifts Fuel $123K Breakout Hopes appeared first on Cryptonews .
BitcoinWorld Pendle PENDLE Deposit: A Strategic Binance Move Ignites Market Curiosity The cryptocurrency world is always buzzing with activity, and a recent development involving the DeFi yield protocol Pendle has certainly captured attention. Just recently, a significant Pendle PENDLE deposit of 900,000 PENDLE tokens, valued at approximately $4.65 million, was observed moving into the major crypto exchange Binance. This substantial Binance transfer immediately sparked discussions and had a notable impact on the token’s value. Understanding the Pendle PENDLE Deposit: What Happened? About half an hour before the initial reports, a multisignature wallet linked directly to the innovative Pendle protocol executed this sizable transaction. The transfer, amounting to 900,000 PENDLE tokens, was swiftly moved to Binance. This information was brought to light by crypto analytics account @EmberCN on X, providing timely insights into the blockchain’s transparent movements. Volume: 900,000 PENDLE tokens. Value: Approximately $4.65 million at the time of transfer. Origin: A multisignature wallet associated with the Pendle protocol. Destination: The prominent cryptocurrency exchange, Binance. Such large transfers from project wallets to exchanges often precede significant market events or strategic moves, making them crucial points of interest for investors tracking crypto market activity . Why the Binance Transfer Matters for PENDLE Price Surge Following this substantial Binance transfer , the PENDLE token experienced a remarkable uptick in its price. According to data from CoinMarketCap, PENDLE was trading at $5.09, reflecting an impressive 27.2% increase in just 24 hours. This sudden PENDLE price surge highlights the immediate market reaction to large-scale movements of assets. Several factors could contribute to such a rapid price response: Increased Liquidity: Depositing tokens to an exchange can prepare for increased trading volume, which might be interpreted positively by the market. Strategic Intent: It could signal an upcoming partnership, listing, or a strategic treasury management decision by the Pendle protocol team. Speculative Trading: Traders often react quickly to large transfers, anticipating potential buy or sell pressure, leading to volatility. The market often interprets such a move as a sign of forthcoming developments, leading to a surge in demand and price. Implications for the Pendle Protocol and DeFi Yield Pendle Finance is a decentralized finance (DeFi) protocol that allows users to tokenize and trade future yield. This innovative approach enables users to lock in future yield at a fixed rate or speculate on yield fluctuations. The recent Pendle PENDLE deposit into Binance could have several implications for the protocol’s future and its role within the broader DeFi ecosystem. For the Pendle protocol , this transfer might be part of a broader strategy: Ecosystem Development: Funds might be allocated for new initiatives, partnerships, or expanding the protocol’s offerings. Market Making: The team might be providing liquidity to ensure healthy trading conditions for PENDLE on Binance. Treasury Management: It could be a routine rebalancing or diversification of the protocol’s treasury assets. Understanding these potential reasons is key to grasping the full scope of this significant Binance transfer . Navigating Crypto Market Activity: What Investors Should Know For investors, observing significant transactions like the Pendle PENDLE deposit offers valuable insights into potential market shifts. While a PENDLE price surge is exciting, it is always important to approach such events with a balanced perspective. The crypto market is dynamic and can be volatile. Here are some actionable insights for navigating such crypto market activity : Research Thoroughly: Always look beyond the headlines. Investigate the protocol’s fundamentals, its use cases, and its long-term vision. Monitor On-Chain Data: Tools that track large wallet movements, like the one used by @EmberCN, can provide early signals. Consider Risk: High volatility can lead to significant gains but also substantial losses. Never invest more than you can afford to lose. Diversify: Spreading investments across different assets can help mitigate risks associated with single token movements. Staying informed and exercising caution are paramount in the fast-paced world of cryptocurrency. Conclusion: A Glimpse into Strategic Crypto Movements The recent Pendle PENDLE deposit of $4.65 million into Binance serves as a compelling example of how large-scale on-chain movements can immediately influence token prices and broader crypto market activity . While the exact strategic reasoning behind this Binance transfer remains with the Pendle team, the resulting PENDLE price surge underscores the market’s sensitivity to such events. This development highlights the importance of staying vigilant and understanding the potential implications of significant transactions within the DeFi and cryptocurrency landscape. Frequently Asked Questions (FAQs) Q1: What is Pendle Finance? A1: Pendle Finance is a DeFi protocol that allows users to tokenize future yield, enabling them to fix future yield, or speculate on its fluctuations. It essentially separates the principal and yield components of an asset. Q2: Why did Pendle deposit such a large amount of PENDLE into Binance? A2: While the exact reason for the Pendle PENDLE deposit is not publicly disclosed, such large Binance transfers can be for various strategic purposes, including increasing liquidity, preparing for new listings, treasury management, or ecosystem development initiatives. Q3: How did the PENDLE price react to this deposit? A3: Following the deposit, PENDLE experienced a significant PENDLE price surge , increasing by 27.2% in 24 hours, trading at $5.09 according to CoinMarketCap data, indicating a strong positive market reaction. Q4: Is a large deposit to an exchange always a positive sign for a token’s price? A4: Not always. While this particular Binance transfer coincided with a positive price movement, large deposits can also precede significant selling pressure. It is crucial to analyze the context, the project’s fundamentals, and broader crypto market activity . Q5: Where can I track similar large crypto transactions? A5: You can track large crypto transactions using blockchain explorers and on-chain analytics platforms. Many crypto news outlets and social media accounts, like @EmberCN, also report on such significant movements. If you found this article insightful, consider sharing it with your network! Help us spread awareness about important developments in the cryptocurrency space by sharing on social media. To learn more about the latest crypto market trends, explore our article on key developments shaping the DeFi sector’s future price action. This post Pendle PENDLE Deposit: A Strategic Binance Move Ignites Market Curiosity first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin price is again rising above the $115,500 zone. BTC is now consolidating and might aim for a move toward the $120,000 resistance zone. Bitcoin started a fresh increase above the $115,500 zone. The price is trading above $115,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $115,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $117,500 resistance zone. Bitcoin Price Aims Higher Bitcoin price found support near the $112,200 zone and started a fresh increase . BTC was able to climb above the $113,500 and $114,800 resistance levels. The price even cleared the $115,500 resistance to move into a positive zone. Finally, the price tested the $117,500 resistance zone. A high was formed at $117,643 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $112,629 swing low to the $116,643 high. Bitcoin is now trading above $115,000 and the 100 hourly Simple moving average . There is also a key bullish trend line forming with support at $115,600 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $117,200 level. The first key resistance is near the $117,500 level. The next resistance could be $118,250. A close above the $118,250 resistance might send the price further higher. In the stated case, the price could rise and test the $119,200 resistance level. Any more gains might send the price toward the $120,000 level. The main target could be $121,500. Another Drop In BTC? If Bitcoin fails to rise above the $117,500 resistance zone, it could start another decline. Immediate support is near the $116,450 level. The first major support is near the $115,600 level and the trend line. The next support is now near the $114,550 zone or the 61.8% Fib retracement level of the upward move from the $112,629 swing low to the $116,643 high. Any more losses might send the price toward the $113,800 support in the near term. The main support sits at $112,500, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $115,600, followed by $114,550. Major Resistance Levels – $117,500 and $118,250.
SharpLink Gaming's $200M purchase aims for 5% ETH market share. Fundmetal Global plans $5B Ethereum, overshadowing others. Continue Reading: SharpLink Gaming Makes Bold Moves with ETH Acquisitions The post SharpLink Gaming Makes Bold Moves with ETH Acquisitions appeared first on COINTURK NEWS .
Tesla is parting ways with one of its most influential hardware leaders. Pete Bannon, the company’s chip and Dojo supercomputer chief, has departed after nearly a decade of service. He joined Tesla in 2016 from Apple, where he had been a key figure in designing the company’s A-series chips. At Tesla, Bannon became instrumental in building the company’s custom silicon capabilities, overseeing projects to help define the automaker’s AI ambitions. Bannon’s most high-profile responsibility was leading the development of Dojo, Tesla’s in-house supercomputer designed specifically for artificial intelligence training. He reported directly to CEO Elon Musk and was considered central to Tesla’s strategy to reduce reliance on external AI hardware providers like Nvidia. His departure comes as Tesla makes a significant strategic pivot. The company has decided to shut down the Dojo program entirely, dissolving the team that has been working on it for years. Engineers from the project are being reassigned to other computing and data center initiatives within Tesla’s broader operations. Bloomberg was the first to break the news, later confirmed by multiple industry sources, that Musk personally ordered the change in direction. At Tesla, Dojo stood out as one of the company’s most ambitious technical projects. The system was intended to be a bespoke AI training platform driven by Tesla-designed chips that could handle the vast amount of video and sensor data collected daily from its global fleet. That data is essential to advancing Tesla’s Full Self-Driving (FSD) and robotics programs, for which Dojo was expected to be central. Tesla winding down the project represents a huge departure from its AI roadmap. The move suggests the company is stepping back from a strategy of building its own AI chips effectively from scratch toward working more closely with established chip and hardware makers. Musk orders reboot of AI strategy Elon Musk is changing Tesla’s AI strategy . Instead of developing its own computing hardware, Tesla will outsource more to vendors like Nvidia, AMD, and Samsung. The deal signed with Samsung by Tesla for its future-gen A16 AI chips is estimated at $16.5 billion. The company is also rapidly ramping up using Nvidia’s AI training high-performance GPUs. The move is a significant departure from Musk’s initial vision for Dojo, which was intended to become the AI equivalent of Tesla’s well-regarded Supercharger network and a point of differentiation that would help it outpace rivals. The Dojo project has faced technical challenges and delays since its unveiling in 2021. Many engineers who worked on the system have left the company. Around 20 have already moved on to launch an AI startup called DensityAI . Tesla’s decision to close the Dojo team effectively ends its in-house supercomputing push. The company will now channel resources into other AI infrastructure and driver-assistance projects. On the company’s July earnings call, Musk had said Tesla expected the latest Dojo version to run at scale next year. But the abrupt shutdown suggests priorities have shifted. Tesla eyes partnerships for compute needs The service marks a shift for Tesla, which, up until now, has been doing all training computing internally. Most of the heavy lifting will be done by Nvidia’s latest GPUs . AMD is also likely to contribute processing for some projects. Samsung will play a key role in Tesla’s chip production. It’s a way for Tesla to tap into state-of-the-art hardware at little risk and cost instead of just building its gargantuan supercomputers from scratch. The move comes as Tesla tests limited Robotaxi services in Austin and San Francisco. In Austin, a human safety supervisor still rides in the passenger seat. In San Francisco, human drivers operate the vehicles while users hail them through a “Tesla Robotaxi” app. Tesla has seen an exodus of senior talent this year, with the departure of Bannon adding to the list. Former Optimus robotics head Milan Kovac, software VP David Lau, and Musk’s former chief of staff Omead Afshar have also left. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.