Yesterday, Bitcoin (BTC) encountered resistance once more around the $120,000 mark after briefly hitting a peak of $119,760. At the moment of writing, the leading cryptocurrency is trading marginally lower at $118,900. Nevertheless, a significant rise in whale inflows to Binance poses a risk of further downward pressure on the digital asset. Binance Whales Intensify Bitcoin Deposits As per a recent CryptoQuant Quicktake post by contributor BorisVest, Bitcoin whale activities on Binance have surged notably in recent days. Specifically, the Binance Whale Inflow metric reported a significant uptick on July 25, indicating increased institutional engagement in exchange deposits. Related Reading…
Autore: wsjcrypto
“`html By Norman P. Aquino, Special Reports Editor PHILIPPINE President Ferdinand R. Marcos, Jr. presented his fourth State of the Nation Address (SONA) on Monday, notably neglecting two contentious matters confronting his administration: the proposed prohibition on online gambling and US tariff increases that pose a risk to growth. While the President elaborated on economic expansion, food safety, energy reforms, and social services, he refrained from discussing legislation aimed at banning or more effectively regulating e-gaming. The oversight occurs despite escalating worries about the negative impact of e-gambling on Filipino families with members dealing with addiction, and distinct pending bills…
“`html Essential points:Bitcoin’s constricting range trading hints at a potential range extension in the upcoming days.Certain altcoins also encounter selling pressure but remain above their short-term support thresholds.Bitcoin (BTC) persists in declining at the $120,000 mark, yet the repeated testing of a resistance level generally diminishes it. Should buyers maintain substantial ground against the bears, it enhances the likelihood of BTC reaching a new all-time peak beyond $123,218.Fundstrat’s head of research, Tom Lee, stated in a CNBC interview that BTC might surge to $200,000 to $250,000 in the forthcoming months. At that valuation, Lee posits BTC would represent 25% of…
“`html Viewpoint by: Fahmi Syed, head of the Midnight FoundationStablecoins have emerged as the most desired advancement in blockchain since Bitcoin. Their attractiveness stems from their clear utility, providing the rapidity and versatility of digital assets alongside the steadiness of fiat, establishing a natural connection between conventional finance and decentralized frameworks.Currently, stablecoins are experiencing a swift adoption rate, particularly in developing markets where they facilitate fast, inexpensive cross-payments and offer a buffer against currency fluctuations.Recognizing an exceptional opportunity, the giants of traditional finance and nimble fintech companies are making a significant move into this arena. Last year, PayPal’s PYUSD reached…
“`html Trusted Editorial material, examined by prominent industry professionals and experienced editors. Ad Disclosure As crypto assets acquire momentum in the evolving financial landscape, Ethereum consistently demonstrates its formidable standing among the top assets globally. Following its recent price rise, ETH’s market capitalization has experienced significant growth over the last few days, eclipsing the market value of various prominent financial institutions. Another Significant Achievement For Ethereum Ethereum seems to be in a favorable phase as it gradually approaches the critical $4,000 price level after a recent rebound. At the same time, the second-largest cryptocurrency has now overtaken the market capitalization…
“`html In celebration of its 40th anniversary, SM Supermalls has introduced the largest rooftop solar photovoltaic (PV) installation on a commercial property in the nation at SM City Fairview, underscoring its dedication to ecological sustainability and corporate resilience. This marks a considerable step toward SM Prime Holding’s Net Zero 2040 objective. With a 3.785-Megawatt peak (MWp) solar power capability, the SM City Fairview solar PV installation consists of 6,882 solar panels covering a total area of 4.3 hectares and generating an average annual solar yield of up to 5,960-Megawatt-hour (MWh). This indicates that 11% of the mall’s yearly energy usage…
Solana has initiated a new rise beyond the $188 threshold. The SOL price is currently stabilizing its profits and may seek further enhancements above the $200 barrier. The SOL price commenced a new upward journey beyond the $180 and $185 marks against the US Dollar. The price is presently trading over $188 and above the 100-hourly simple moving average. A significant bullish trend line is forming with support at $190 on the hourly chart of the SOL/USD pair (data sourced from Kraken). The pair may initiate a new upswing if it breaks through the $200 resistance area. Solana Price Builds…
“`html Gemini co-founder Tyler Winklevoss has accused JPMorgan Chase of obstructing the crypto exchange’s onboarding process following his public denunciation of the bank’s new data access policy.In a Friday post on X, Winklevoss asserted JPMorgan retaliated after he criticized the banking titan’s latest move as anti-competitive conduct that could adversely affect fintech and crypto firms.“My tweet from last week resonated. This week, JPMorgan informed us that due to it, they were halting their re-onboarding of Gemini as a client after they removed us during Operation ChokePoint 2.0,” the Gemini leader penned.The conflict arises from a recent Bloomberg article that disclosed…
Essential points:Bitcoin makes a late recovery into the weekly close as its value nears significant liquidation levels.Traders and experts highlight different critical price areas to regain next.Fluctuation is anticipated due to substantial trading activity, according to analytical reports.Bitcoin (BTC) climbed past $119,000 on Sunday as buyers extended a rebound from recent two-week lows.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin price fluctuations return at weekly closeData from Cointelegraph Markets Pro and TradingView revealed BTC/USD nearing a significant reclaim zone.Now striving for a daily close above its 10-day simple moving average, the pair retained a rebound from around $114,500 as the market overlooked one…
“`html By Luisa Maria Jacinta C. Jocson, Senior Correspondent THE United States’ 19% tariff on Philippine products could reduce the Philippines’ gross domestic product (GDP) expansion by 0.4 percentage points (ppt), Nomura Global Markets Research stated. In a report, Nomura indicated that the US tariff of 19% on Philippine products is “quite elevated” and poses downside risks to growth. “We anticipate the direct effects could lower our baseline GDP growth predictions by a notably significant 0.4 ppt in the Philippines.” Nomura mentioned that this forecast is “relatively significant” in comparison to its baseline growth predictions of 5.3% and 5.6% for…