Kindlymd and Nakamoto Holdings have secured an additional $51.5 million in PIPE financing to expand their bitcoin treasury strategy, bringing total raised funds to $763 million. Bitcoin Treasury Plans Boosted as Kindlymd and Nakamoto Lock in Fresh Funding Kindlymd, Inc. (NASDAQ: NAKA) and Nakamoto Holdings Inc. have announced the successful close of an additional $51.5 […]
VMS Group is looking to invest up to $10 million with Re7 Capital strategies, as it hopes to diversify into more liquid investments, according to managing partner Elton Cheung.
Kaspersky says the malware SparkKitty has been around since at least early 2024, and is likely connected to a similar type of malicious software dubbed SparkCat.
submitted by /u/DryMyBottom [link] [comments]
Panther Metals is planning a $5.4 million Bitcoin treasury and will use it as collateral to buy a mineral mining deposit in Canada and other commodities in the future.
The on-chain analytics firm Glassnode has highlighted the $97,000 to $98,000 zone as an important one for Bitcoin. Here’s why. Bitcoin CBD Suggests Build Up Of Supply In This Range In a new post on X, Glassnode has discussed about a potentially significant zone for Bitcoin based on the Cost Basis Distribution. The Cost Basis Distribution (CBD) is an indicator that measures the amount of the BTC supply that investors last purchased or transferred at the various price levels. As is visible in the above graph, there is a dense supply zone located between $97,000 to $98,000. Generally, investors are quite sensitive to retests of their cost basis, so a large amount of them (or alternatively, a few large holders) having their acquisition level inside a narrow range could make retests of it significant for Bitcoin. Related Reading: Bitcoin STHs Capitulate: 14,700 BTC Moved To Exchanges At Loss When the mood in the market is bullish, holders can react to retests of their cost basis from above by buying more. They may do so believing that the same level would end up proving profitable again in the future and the retrace is just a ‘dip.’ The cryptocurrency suffered a plunge yesterday and nearly touched this region. Since then, however, things have turned around for the asset and it has gained some distance over it once more. In the event that the decline does continue, which may not be too unexpected given the volatile geopolitical situation at the moment, the zone could end up acting as the next true pivot for Bitcoin, according to the analytics firm. While the CBD tells us where the cryptocurrency’s supply is concentrated, it doesn’t contain any information about who bought or sold at those price levels. Glassnode’s behavioral cohorts, investor groups divided on the basis of their behavior, solve this problem. Here is a chart that shows the trend in the Bitcoin supply held by these holder cohorts over the past few years: There are five of these behavior groups. First Buyers (green) include the investors who are buying Bitcoin for the very first time. As displayed in the chart, the supply of this group has been on the rise, indicating fresh demand has been coming in. Momentum Buyers (blue) are those that capitalize on market momentum by buying during uptrends. On the opposite spectrum are the Conviction Buyers (purple), who buy despite falling prices. Finally, there are the Loss Sellers (red) and Profit Takers (yellow), who correspond to investors exiting at a loss and profit, respectively. During the past couple of weeks, the former cohort has seen an increase of 29%, a sign that weak hands have been capitulating. Related Reading: Consolidation Takes Its Toll: Bitcoin Investors No Longer Greedy That said, the analytics firm has noted, “Conviction Buyers also increased, suggesting sentiment isn’t collapsing. Some are cutting losses – others are actively lowering their cost basis.” BTC Price At the time of writing, Bitcoin is floating around $103,900, down more than 4% in the last seven days. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Institutional investors are aggressively embracing alternative crypto treasury strategies as major players move to inject massive capital into BNB, positioning it as a groundbreaking treasury asset. Alternative Crypto Treasury Strategies Gain Momentum With Institutional Interest in BNB Investor enthusiasm for alternative crypto treasury strategies is building as a group of hedge fund veterans aim to […]
BNB price is gaining pace above the $632 support zone. The price is now showing positive signs and might aim for more gains in the near term. BNB price is attempting to recover from the $600 support zone. The price is now trading below $632 and the 100-hourly simple moving average. There was a break above a bearish trend line with resistance at $625 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $632 level to start another increase in the near term. BNB Price Eyes More Gains After forming a base above the $600 level, BNB price started a fresh increase. There was a move above the $620 and $625 resistance levels, like Ethereum and Bitcoin. There was a decent move above the 50% Fib retracement level of the recent decline from the $651 swing high to the $602 low. Besides, there was a break above a bearish trend line with resistance at $625 on the hourly chart of the BNB/USD pair. The price is now trading below $632 and the 100-hourly simple moving average. It is also consolidating near the 76.4% Fib retracement level of the recent decline from the $651 swing high to the $602 low. On the upside, the price could face resistance near the $644 level. The next resistance sits near the $650 level. A clear move above the $650 zone could send the price higher. In the stated case, BNB price could test $665. A close above the $665 resistance might set the pace for a larger move toward the $680 resistance. Any more gains might call for a test of the $700 level in the near term. Another Decline? If BNB fails to clear the $644 resistance, it could start another decline. Initial support on the downside is near the $635 level. The next major support is near the $632 level. The main support sits at $625. If there is a downside break below the $625 support, the price could drop toward the $612 support. Any more losses could initiate a larger decline toward the $600 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $632 and $625. Major Resistance Levels – $644 and $650.
Welcome to the Daily General Discussion on r/ethereum https://imgur.com/3y7vezP Bookmarking this link will always bring you to the current daily: https://old.reddit.com/r/ethereum/about/sticky/?num=2 Please use this thread to discuss Ethereum topics, news, events, and even price! Price discussion posted elsewhere in the subreddit will continue to be removed. As always, be constructive. – Subreddit Rules Want to…
Read more
Cardano (ADA) has been struggling to hold some crucial levels over the month, falling to multi-month lows over the weekend. As the cryptocurrency attempts to hold a key support area, some analysts believe this make-or-break retest will determine its next big move. Related Reading: Bitcoin Wobbles? Metaplanet Buys Big, Breaks $1 Billion Mark Cardano To See More Bleeding Cardano is recording a 4.5% daily increase after bouncing from the $0.51 area on Sunday. Notably, ADA was in a downtrend following its 3-year high of $1.32 in December 2024, which ended after the late April breakout and May bullish rally. However, the cryptocurrency has struggled to hold its April-May range amid the June market pullback, losing the key $0.66 area ten days ago. Since then, Cardano has recorded seven consecutive red daily candles and fallen below the $0.60 support. Sjuul from AltCryptoGems suggested that Cardano’s rally will be halted unless some ground is recovered. According to the analyst, the cryptocurrency’s multi-month price action “ended up being a classic distribution schematic” after losing the $0.66 support. This would signal that ADA’s uptrend has ended and a potential downtrend is ahead. “As long as we don’t reclaim $0.66, just expect further downtrend from now on,” he asserted. Meanwhile, market watcher Man of Bitcoin highlighted the cryptocurrency’s June downtrend, affirming that if the price remains below the descending trendline, downward pressure will persist. He added that “One more low in wave iv is still possible,” hinting that a drop below the $0.50 could be on the horizon before the next wave up. Nonetheless, the analyst noted that “it should be a brief wick to the downside” as a “sustained break lower would weaken the bullish outlook.” ADA Retest To Trigger Rally To $1? Amid the ongoing global war tensions, ADA’s price retested the crucial $0.52 support on Sunday, hitting a four-month low of $0.51, before recovering and closing the week around the $0.54 mark. Market watcher Rose Premium Signals noted that a weekly close around the crucial $0.56 level would continue the possible double-bottom setup forming on ADA’s chart. The analyst added that a confirmed rebound from the $0.54-$0-56 area could send the price to the initial $0.99 target and set the stage for a climb toward the $1.20 and $1.50 resistances. On the contrary, failing to hold this area could see Cardano lose its six-month price range and retrace to the $0.32 level. Meanwhile, Crypto Billion affirmed that Cardano appears to be forming a potential triple bottom structure, which could lead to a bullish reversal. Related Reading: Ethereum Holds Critical Support – $2,350 Level Could Define The Next Move As the cryptocurrency retested the $0.50-$0.52 area over the weekend, the analyst highlighted that this key range had been held twice before since the November breakout. Additionally, he pointed out that ADA’s price appears to be trading within a multi-month falling wedge pattern, which suggests a breakout toward the $1 mark if the price climbs toward the upper boundary. As of this writing, Cardano is trading at $0.54, a 15.6% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
