Author: Isabella Taylor

Ethena is holding strong above structural support after a sharp 11.23% rally, showing signs of bullish continuation. With volume rising and price holding key levels, the next stop could be $0.96. Summary ENA confirmed a bullish retest of the $0.47 support with strong volume influx. Price is forming a higher low, maintaining bullish market structure. $0.96 is the next major resistance and upside target if momentum continues. Ethena’s (ENA) recent price action confirms strength as it trades firmly above a critical technical region near $0.47. This level has previously acted as resistance but has now flipped into support, a textbook…

Bitcoin’s recent price moves have closely followed a two-year Fibonacci model. According to analyst CryptoCon, the next logical level could be around $166,000. Summary Bitcoin has consistently followed Fibonacci extension levels since bottoming at $15,500 in late 2022, with key pauses at $30,362, $46,831, $71,591, and $109,236. Crypto analyst CryptoCon projects $166,754 as the next logical level based on the 5.618 Fibonacci extension, which fits the cycle’s prior 52–54% spacing pattern. Institutional demand, particularly from U.S. spot Bitcoin ETFs now holding nearly $150 billion in assets, continues to support upward price pressure. Analysts warn of possible short-term pullbacks, with seasonal…

Nexus Mutual has transferred $250,000 to reimburse users caught in Arcadia Finance’s $3.5 million exploit, marking one of Base blockchain’s first major insurance settlements. The payout arrives as Arcadia’s own recovery plan remains weeks from implementation. Summary Nexus Mutual paid $250,000 to victims of Arcadia Finance’s $3.5 million hack, marking one of Base chain’s first major insurance settlements. The payout offers early restitution ahead of Arcadia’s own delayed recovery plan based on “Recovery Tokens.” On August 4, crypto insurance alternative Nexus Mutual announced it had paid out $250,000 to users impacted by the July 15 Arcadia Finance exploit on Base,…

Grayscale Investments has announced the return of founder Barry Silbert as board chairman in  a move that also saw the digital asset manager expand its management team with new board hires. Summary Grayscale founder Barry Silbert has rejoined the company as board chair. The company has also hired four other members to join the management team. Barry Silbert’s return comes as Grayscale prepares for the company’s next phase of growth, according to an announcement.  As well as Silbert, Grayscale has added four new faces to its C-suite team, with Diana Zhang as chief operating officer, Ramona Boston as chief marketing…

As RWAs cement themselves as crypto’s second-fastest-growing sector, a who’s-who of fintech and blockchain heavyweights are launching Ascend, a hyper-selective program designed to turn startups into the standard-bearers of institutional adoption. Summary Ascend is a new elite accelerator for real-world asset (RWA) startups with live products and institutional goals. Backed by Odisea, Plume, Galaxy Ventures, and Anchorage Digital, it will admit only 6–8 teams per cohort. According to a press release shared with crypto.news on August 4, Odisea has teamed up with an all-star roster of backers, including Plume, Galaxy Ventures, and Anchorage Digital, to launch Ascend, an accelerator exclusively…

OpenMind plans to create a decentralized operating system for smart machines. Summary OpenMind obtained $20M in funding, led by Pantera Capital Other backers include Coinbase Ventures, DCG, and more The startup plans to create an open-source OS for robotic intelligence Crypto and robotics may soon become a powerful synergy. On Monday, August 4, Pantera Capital led a $20 million funding round in OpenMind. Other investors include Coinbase Ventures, DCG, Ribbit, Lightspeed Faction, Pebblebed, Topology, among others. The firm, whose CEO is Stanford professor Jan Liphardt, is working on FABRIC, creating a decentralized operating system for robots. “If AI is the…

MemeCore has surged 24.14%, confirming a breakout above a key range high. The move signals an active bullish Elliott Wave count with further upside in play if key levels hold. Summary MemeCore is in Wave 3 of a bullish Elliott Wave sequence targeting $0.77. $0.62 is the key resistance to flip for continuation. $0.52 serves as the ideal corrective support if Wave 4 begins. After trading sideways for weeks, MemeCore has now confirmed a structural breakout with strong impulsive momentum. The price held a critical support zone before launching into a rally that now challenges major resistance. Technical confluence supports…

The DEX captured 55.5% of stable-stable swap volume on Ethereum, Base, Arbitrum, and Polygon. Dune data shows Fluid handled more volume compared to all DEXs combined. FLUID tokens surged over 15% in the past day amidst investor interest. Cryptocurrencies remain elevated today as Bitcoin reclaimed $115,000 after approaching $112,000 on Saturday. Ethereum steadies above $3,600 as XRP regains the $3 mark. Meanwhile, lesser-known FLUID grabbed attention with a 15% increase over the past day as Fluid DEX dominated the DeFi scene. Fluid decentralized exchange accounted for 55.5% of stablecoin-for-stablecoin trading volume on Ethereum, Base, Arbitrum, and Polygon on August 3…

The crypto market rose on Monday, continuing a trend that began on Sunday, when Bitcoin and most altcoins crashed. Bitcoin (BTC) price jumped to $115,300, up from the weekend low of $112,000. Other altcoins, especially Spark (SPK), MemeCore (M), Mantle (MNT), and Sei (SEI) were among the top gainers. The market cap of all coins jumped to over $3.78 trillion.  Crypto market rally ahead of Bullish IPO One of the top news stories driving the crypto market rally is that Bullish, an exchange backed by Peter Thiel, is eyeing a $4.2 billion Initial Public Offering. The company aims to raise…

The Ether Machine’s latest $40 million acquisition pushes its treasury to 345,362 coins, but the real question isn’t “how much?”, it’s “what’s next?” With staking, restaking, and DeFi strategies in motion, the firm is turning its holdings into an active financial engine. Summary The Ether Machine’s treasury surpasses 345,000 ETH after a $40 million buy, now totaling $1.2 billion in ETH holdings. The firm competes with BitMine and SharpLink in a growing corporate arms race for influence over Ethereum’s capital layer In a press release dated August 4, The Ether Machine announced its subsidiary, The Ether Reserve LLC, had acquired…