Author: Benjamin Lee

A widely followed analyst and trader who accurately predicted the bottom for Bitcoin (BTC) in 2018 says the crypto king is primed to go higher after a recent correction. The trader and analyst pseudonymously known as Bluntz tells his 326,100 followers on the social media platform X that Bitcoin is likely done correcting after falling below the $116,000 price level. “Send it.” Source: Bluntz/X Looking at the trader’s chart, he seems to suggest that Bitcoin’s ABC correction is done and BTC is now targeting new all-time highs at $127,000. Bluntz follows the Elliott Wave theory, which states that a bullish…

The native asset of the stablecoin-focused crypto project Ethena (ENA) skyrocketed by more than 28% on Friday, ignoring a wider crypto market pullback. The price surge materialized after the Arthur Hayes-backed decentralized finance (DeFi) project announced a new strategic partnership with Anchorage Digital, a federally chartered crypto bank. The partnership aims to bring Ethena’s second stablecoin offering, USDtb, to the US under the regulatory umbrella of the recently enacted GENIUS Act, with Anchorage Digital issuing the asset domestically. The new law, signed by US President Donald Trump last week, establishes a regulatory framework for stablecoins, cryptocurrencies pegged to the US…

A decentralized finance (DeFi) altcoin that received trading support from the crypto exchange Binance in May is seeing gains despite the dip in the digital assets market. The token of Maple Finance (SYRUP) is currently changing hands for $0.475, up by 7.95% over the past 24 hours. This comes after the DeFi platform for institutional lending unveiled a proposal to increase allocations for purchasing the crypto asset on the open market. The MIP-018 proposal, which will be open for voting by Syrup holders on July 25th, aims to raise token buybacks from 20% to 25% to increase staking rewards. “MIP-018…

A pair of Solana (SOL)-based altcoins is dipping in price after gaining support from the largest crypto exchange by trading volume in the US. In a new thread on the social media platform X, Coinbase Assets says it is adding support for Jito Staked SOL (JITOSOL) and non-fungible token (NFT) marketplace Metaplex (MPLX). “Jito Staked SOL and Metaplex are now live on http://coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” News of the support caused both assets to dip as JITOSOL is trading for…

A closely followed crypto analyst says that Dogecoin (DOGE) may have an explosive breakout if the memecoin reclaims one key level as support. In a new thread, crypto trader Ali Martinez tells his 144,000 followers on the social media platform X that DOGE may be forming a bullish reversal pattern on the three-day chart and increase by more than 109% from its current value. “If Dogecoin is truly forming a double bottom, this is the spot for a rebound. Reclaiming $0.26 as support could set the stage for a rally toward $0.46!” Source: Ali Martinez/X DOGE is trading for $0.22…

Bitcoin Cash has seen a notable surge in the past 24 hours, gaining 8% to $554. The altcoin sees gains as Bitcoin price dumps amid massive sell-off pressure. With trading volume up 44% and rising open interest also surging, BCH could defy the benchmark asset’s dip further and eye highs last seen in December 2024. The Bitcoin Cash (BCH) price currently stands at approximately $551. While it’s off its intraday highs of $554, it remains above the $550 mark, up as one of the top gainers in the past 24 hours. According to CoinMarketCap, this comes as Bitcoin’s latest correction…

Onyxcoin (XCN) price is around $0.015, down 19% over the past week. XCN is under pressure as the broader market battles fresh selling as traders book profits. Onyx V2’s anticipated launch and the regulatory clarity provided by the CLARITY Act could be a bullish catalyst. Onyxcoin (XCN), the native token of the web3 protocols ecosystem Onyx, is experiencing the downside pressure that currently engulfs the broader crypto market. Celestia is among the altcoins to see 24-hour losses. As of writing, XCN is trading at $0.01538, with a 24-hour trading volume of over $38 million. While the market cap has dipped…

Celestia (TIA) trades at $1.81, down 13% in the past week. The altcoin is paring gains seen following a bounce from lows of $1.32. Celestia Foundation has announced it bought all remaining TIA from Polychain Capital. Celestia’s price of $1.81 today  is down double digits in the past week. While it has bounced 38% since hitting its all-time lows of $1.32 in June, it is 70% down in the past year and -91% from its all-time high above $20.9 reached in February 2024. As the cryptocurrency market navigates its latest pullback, is TIA at risk of fresh losses? Or could…

An analyst who accurately called the 2022 crypto collapse believes that one Ethereum (ETH) rival is on the verge of a deep correction. Pseudonymous analyst Capo tells his 129,129 subscribers on his Telegram channel that Solana (SOL) is facing resistance at the $200 level and may decline more than 68% from its current value. “SOL update: retesting the same old $170-$200 resistance zone. Main target remains $60-$80.” Source: Capo/Telegram Solana is trading for $188 at time of writing, down 1.7% in the last 24 hours. Next up, the analyst says that he is remaining bullish on Ethena (ENA), a synthetic…

Crypto investment giant Pantera Capital says there is a “great on-chain migration” underway as tokenization moves from a concept to reality. In a new newsletter, Pantera general partner Franklin Bi says “the rise of tokenized assets today mirrors the early days of ETFs (exchange-traded funds).” Says the investor, “When the first U.S. equity ETF (SPY) launched in 1993, it crossed $1 billion in AUM (assets under management) within a year. But the real inflection point wasn’t its size. It was when ETF volumes began consistently matching and eventually exceeding mutual fund flows. That’s when market structure changed and investor behavior…