Bitcoin has set a new all-time high at $118,254, marking a 10% weekly gain and reigniting activity among miners and derivatives traders. On-chain data reveals increased miner transfers to exchanges, suggesting profit-taking, though not yet at levels seen in previous sell-offs. Meanwhile, derivatives open interest surged 24% to $41 billion, with positive funding rates indicating bullish sentiment. Analysts warn that while current momentum favors upside, a slowdown could trigger a long squeeze. The interplay between miner selling and trader leverage raises questions about the rally’s sustainability.
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News from LATAM Bitcoin Hits $118K ATH with Minimal Retail Hype
Bitcoin’s latest rally to $118,869 has defied expectations with notably low retail participation, as tracked by CryptoQuant’s Spot Retail Activity metric. Unlike past cycles, retail trading frequency remains in the ‘gray zone,’ suggesting institutional and ETF-driven momentum may still have room to run. On-chain data supports this view: miner selling pressure is declining, and the MVRV ratio (2.2) stays below prior ATH peaks. However, exchange trends hint at a potential short-term pullback. Analysts speculate retail FOMO could mark the cycle’s final phase, with $130,900 as the next key resistance.
read moreXRP Whales Hit Record High Amid Price Rally
Santiment reports that the number of XRP whales—wallets holding at least 1 million XRP tokens—has hit an all-time high of 2,743, coinciding with a 26% price surge over the past week. The onchain analytics platform highlights that not only are there more whales, but the total supply they hold is also increasing, indicating growing confidence in XRP. This dual trend is seen as a bullish signal for the fourth-largest cryptocurrency, reinforcing its recent market strength.
read moreWall Street Closing Bell Analysis & Expert Insights
Bloomberg Television provides in-depth coverage of Wall Street’s closing bell, featuring insights from prominent financial experts and industry leaders. Guests include Karissa McDonough (Nottingham Trust), Jay Goldberg (Seaport Research Partners), Jonathan Thomas (American Century), and others, offering diverse perspectives on market movements and investment opportunities. The segment also includes unique viewpoints from figures like MIT’s Danielle Wood and Your Rich BFF’s Vivian Tu, blending finance with broader economic and social trends.
read moreHow The Dream Exchange Aims to Democratize Capital Markets
In a recent episode of Financial Freestyle, Ross Mac interviews Joe Cecala, founder of The Dream Exchange, about his efforts to democratize access to capital markets for small and minority-owned businesses. Cecala highlights the challenges these businesses face, including the decline in small-cap IPOs, and explains how proposed legislation could facilitate the creation of a venture exchange. He also shares insights into the complex process of building a stock exchange from the ground up. This conversation is a must-listen for entrepreneurs and investors looking to understand the evolving landscape of capital markets.
read moreChainlink Leads RWA Sector in Development Activity
Chainlink (LINK) continues to lead the crypto real-world asset (RWA) sector in development activity, with 351 notable GitHub events in the past 30 days, as reported by Santiment. This figure significantly surpasses second-ranked Avalanche (183.4 events) and third-ranked Stellar (144.57 events). Santiment emphasizes that high development activity often signals upcoming feature releases and reduces the likelihood of exit scams. At the time of writing, LINK is trading at $15.21, up over 6% in 24 hours and 11% in the past week.
read moreBitcoin Surges Past $118K, Wipes Out $1.25B in Shorts
Bitcoin’s price surged past $118,000, erasing $1.25 billion in short positions in a single day. Analysts like Charles Edwards of Capriole Investments highlight corporate treasury demand, with public companies adding a record 159,107 BTC in Q2. VanEck’s Matthew Sigel points to macro tailwinds, including Fed rate cut expectations and stablecoin legislation, as catalysts for further gains. The rally unfolds amid a supportive macro backdrop, with Fed Governor Waller signaling openness to rate cuts. However, technicians caution that sustaining momentum above $110,000 is critical to avoid a failed breakout. At press time, BTC traded at $117,854.
read moreEthereum Price Surge Signals New Highs & Altcoin Season
The Ethereum price has broken through the crucial 50EMA on the weekly chart, signaling potential new highs, with analysts eyeing $3,600 and even $10,000 in this cycle. Crypto experts like Doctor Profit and Rekt Capital highlight ETH’s rising market dominance, while BitMEX co-founder Arthur Hayes predicts a major upward move. Additionally, Mikybull Crypto notes that Ethereum’s Wyckoff re-accumulation pattern could trigger an altcoin season, with ETH potentially reaching $3,200 short-term. Currently trading near $2,988, Ethereum’s rally aligns with Bitcoin’s new ATHs, reinforcing bullish sentiment across the crypto market.
read moreBanks Deny Fraud Reimbursements Amid Rising Scams
Customers of Wells Fargo, JPMorgan Chase, and Bank of America allege the banks denied reimbursement claims after falling victim to scams. A Wells Fargo customer lost $20,000 to imposters posing as bank staff, while a Chase customer was defrauded via a fake Apple support text. Bank of America initially refused a $450 taxi scam refund until a consumer advocate intervened. The cases highlight gaps in fraud protection and inconsistent bank policies, raising concerns over consumer safeguards amid rising financial scams.
read moreFDA Commissioner Unveils Reform Plan After 100 Days
In his first 100 days as FDA Commissioner, Dr. Marty Makary has identified critical flaws within the agency, including regulatory capture, internal conflicts of interest, and failures during the opioid crisis and COVID-19 pandemic. To restore public trust, Makary has announced policies such as publishing drug rejection letters and implementing a priority review voucher program to fast-track approvals for companies aligned with U.S. public health goals, including lower drug prices. Additionally, he plans to modernize food chemical oversight, reform the outdated GRAS system, and reduce bureaucratic inefficiencies to refocus the FDA on science and safety. Makary emphasizes a commitment to transparency and common-sense reforms under the current administration.
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