Cardano is trading around $0.184 after yesterday’s 8.63% rally closed at $0.1895. Price briefly reached $0.1918 before today’s pullback.
Technical picture: • Daily RSI is near 60, bullish but not overbought • Daily MACD remains constructive • Price is above the 20-day EMA near $0.170 and 50-day EMA near $0.176 • ADA remains below the 100-day EMA near $0.194 and well below the 200-day EMA near $0.270
Bias: Short-term structure remains constructive while $0.180 holds. A daily close above $0.195–$0.200 would strengthen the breakout case and open room toward $0.210–$0.220.
A rejection at the current ceiling or a loss of $0.180 would put $0.174 and the upper $0.16s back in play. Yesterday’s volume expansion was encouraging, but follow-through is still needed.
$XRP is approaching a key technical decision point.
Trading around $1.07, price is testing the critical $1.05–$1.06 support zone while remaining inside a long-term descending wedge.
Technical overview:
• Support: $1.05–$1.06 • Major demand: $1.00 • Resistance: $1.10–$1.13 • Major breakout level: $1.18–$1.20
RSI remains in neutral territory, suggesting momentum is neither exhausted nor overheated. Meanwhile, open interest has reset to levels seen before the late-2024 rally, reducing leverage risk and potentially creating a healthier market structure.
One statistic stands out:
XRP has closed August in the red for four consecutive years.
If buyers defend the current support and reclaim $1.10, the probability of a move toward $1.18–$1.20 increases significantly.
If $1.05 fails, the psychological $1.00 level becomes the next major area to watch.
Do you think XRP breaks the August curse this year?
UPDATE: The Coldcard theft is nearly twice as large as first reported.
Galaxy Research now tracks 1,082.65 BTC, about $70M, drained from 1,196 wallets in 41 minutes. Coinkite has released fixes for affected models, but old seeds must still be replaced.
$HYPE is approaching a critical technical decision point.
After pulling back from the ~$77 local high, price is now testing the key $52.50–$53.00 support zone, where trendline support and recent lows converge.
Technical snapshot:
• Support: $52.50–$53.00 • Below that: $50.00–$50.70 (200-day EMA) • Resistance: $60–$61, then $63.50–$64.00 and $69
RSI has cooled to around 39, suggesting bearish momentum is fading, but buyers still need confirmation. Price remains below the 20 and 50 EMAs, keeping the short-term trend under pressure, while the higher-timeframe structure remains constructive.
If $HYPE reclaims $60 with strong volume, a relief rally toward the $63–$69 region becomes increasingly likely.
If support fails, the next major area to watch is around $50.
For now, I'm also watching DEX activity and ecosystem developments, as fundamentals could become the catalyst for the next move.
The real issue wasn’t that hackers somehow “broke into” cold wallets.
It was how the seeds were generated in the first place.
On certain Coldcard devices (mainly Mk3, firmware 4.0.1–5.0.3), the entropy was far weaker than it should have been — dropping from the expected ~128 bits to roughly ~40 bits.
That made the private keys guessable from the very beginning.
Once a seed is created with weak entropy, every address derived from it is already compromised.
No amount of air-gapping, steel backups, or additional security measures can fix a private key that was vulnerable on day one.
That's exactly why 594 BTC could be drained in just 25 minutes.
Price action is important, but adoption tells the bigger story.
Chainlink continues to expand its role as critical infrastructure for tokenized finance.
Recent highlights:
• DTCC completed production trades of tokenized U.S. securities using Chainlink alongside more than 30 institutions, including BlackRock, JPMorgan and Goldman Sachs. • More than $7B has migrated through CCIP, with quarterly volume continuing to grow. • U.S. Department of Commerce macroeconomic data is now available on-chain through Chainlink. • LINK holders reached a new all-time high while exchange balances continue to decline.
From a technical perspective, $8.80 remains the key resistance. A break above that level could improve the short-term outlook, while $8.00 remains the major support.
BREAKING: Binance.US is entering the prediction-market race.
CEO Stephen Gregory says the exchange will apply for a CFTC market license in August. If approved, it could offer federally regulated event contracts to U.S. retail users.
The Fed held rates steady (9–3), but the real story was Chair Kevin Warsh's message.
• "There is no soft inflation target. Only 2%." • "Five-plus years of high inflation cannot be cured in nine weeks." • "We will deliver price stability."
The takeaway:
The Fed isn't rushing to ease policy. Inflation remains the priority, even with market pressure.
Bitcoin stayed relatively calm around $64K, suggesting the decision was largely priced in. The next macro data releases will likely determine the market's next move.
Strategy has now gone five consecutive weeks without buying Bitcoin — its longest confirmed accumulation pause in nearly two years.
But the headline “Saylor stopped buying” misses the more important balance-sheet story.
Strategy still holds 843,775 $BTC. The company has not sold additional Bitcoin during the latest reporting period. Instead, it raised roughly $544.5M by issuing new $MSTR shares and increased its USD reserve to approximately $3.75B.
Why raise cash instead of buying more Bitcoin?
Strategy operates through capital markets. Its ATM program allows the company to sell newly issued shares directly into the market over time. Historically, much of that capital was converted into BTC. Today, management appears more focused on liquidity, dividends, preferred-stock obligations and balance-sheet flexibility.
The bullish interpretation:
Strategy is protecting its treasury model during a difficult funding environment. A larger cash reserve reduces the probability of forced Bitcoin sales and gives the company dry powder if BTC or MSTR valuations become more attractive.
The bearish interpretation:
The accumulation engine depends on Strategy being able to issue securities on favorable terms. With $MSTR sharply lower this year and the premium to Bitcoin NAV under pressure, issuing shares to buy BTC may no longer create the same accretive effect.
Strategy did sell 3,588 BTC for roughly $216M earlier in July, but that represented less than 0.5% of its total holdings. The latest activity is primarily equity issuance and reserve building — not another Bitcoin liquidation.
This does not necessarily mean the Bitcoin thesis is broken.
It does mean the “buy forever” strategy is becoming more conditional on liquidity, capital-market demand and the valuation of $MSTR itself.
Price continues to trade below the 20 & 50 EMA, keeping short-term momentum on the bearish side. However, RSI is approaching oversold territory, suggesting selling pressure may be losing strength.
The $0.67–$0.70 area remains the most important support. Holding this level could set up a relief rally toward $0.72–$0.74, while a confirmed breakout above that resistance would improve the technical outlook and bring $0.78 into focus.
On the downside, losing support could expose $0.65 as the next target. Token unlocks and this week's #FOMC meeting remain important catalysts, while #Bitcoin will likely continue to dictate overall market direction.
For now, patience is key. The next high-volume move should reveal whether #SUI is building a base or preparing for another leg lower.