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  • OKB price hits new all-time high amid a 50% spike

    OKB price hits new all-time high amid a 50% spike

    OKB Price Skyrockets To New All Time High

    • OKB price rose 50% to hit a new all-time high of $195.
    • The altcoin is outpacing peers as investors react to tokenomics changes.
    • OKB is seeing traction as altcoins bid to break higher.

    OKB, the native token of the OKX exchange, has soared to a new all-time high of $195, with intraday gains of over 50% catapulting the altcoin to the new ATH.

    OKB’s price surge has also come amid a significant spike in daily volume, with market data showing the OKX token witnessed a staggering 428% uptick in 24-hour trading volume.

    At the time of writing, the metric hovered around $1.17 billion.

    Meanwhile, OKB is one of the standout performers in the past 24 hours and week, outpacing top altcoins as recent bullish catalysts keep bulls in control.

    BNB also hit a new peak as exchange tokens rally.

    Why OKB surged 50% as it hit a new all-time high

    As top altcoins braced for a fresh dose of downside volatility, OKB extended its recent rally to a new ATH.

    Having gone vertical from lows of $46 to highs of $116 on Aug. 13, the token retested the $92 area.

    But bulls have traded higher since, breaking above $150 and hitting the intraday record high of $195 on Aug. 21.

    OKB chart by CoinMarketCap

    The buying pressure follows a strategic tokenomics overhaul that OKX undertook recently, with this significantly altering the OKB’s supply dynamics.

    On Aug. 13, OKX executed a massive one-time burn of 65.26 million OKB tokens, slashing the circulating supply by over 50% to a fixed cap of 21 million tokens.

    The move meant OKX aligned its token’s supply with Bitcoin’s hard cap, with the deflationary event a key catalyst to the parabolic price action.

    The supply change has seen OKB’s market cap surge to $4 billion, while the price has increased nearly 90% in the past week and over 290% in the past 30 days.

    As well as the token burn, OKX introduced an upgrade to its zero-knowledge Ethereum Virtual Machine (zkEVM) network built with Polygon technology.

    The upgrade boosted the network’s transaction capacity to 5,000 transactions per second while slashing gas fees to near-zero levels, enhancing OKB’s utility as the native gas token.

     OKB price outlook

    OKB’s price trajectory has pushed key technical metrics to extreme levels, with the Relative Strength Index (RSI) hitting overbought conditions.

    Per the daily chart, OKB’s price hovers at a level where the RSI is above 92 and signaling a potential reversal.

    OKX price chart by TradingView

    However, the Moving Average Convergence Divergence (MACD) remains strongly bullish, with the MACD line above the signal line.

    This and the histogram’s outlook suggest sustained buying pressure.

    If bulls weather profit-taking deals, the next target will be a spike above $200 and further price discovery.

    On the downside, support levels include $125 and $92.

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  • The altcoin uprising: Ether, Solana, and BNB defy market fear as Bitcoin stalls

    The altcoin uprising: Ether, Solana, and BNB defy market fear as Bitcoin stalls

    The altcoin uprising: Ether, Solana, and BNB defy market fear as Bitcoin stalls

    • Major altcoins like Ether and Solana are strongly outperforming Bitcoin.
    • BNB, the token of BNB Chain, surged 6% to a new all-time high of 875.
    • Bitcoin’s market dominance is on the verge of hitting a new six-month low.

    In a stunning display of defiance, a powerful cohort of major altcoins staged a dramatic comeback on Wednesday, completely eclipsing Bitcoin and brushing off a wave of risk-aversion that sent traditional stock markets lower.

    The move signals a potential changing of the guard, as leadership in the digital asset space appears to be shifting, at least for now, from the king to its court.

    The rebellion was led by BNB, the native token of the BNB Chain, which blasted through to a fresh all-time high, surging 6% to hit 875.

    The ferocity of the rebound was just as palpable in the Ethereum market, where Ether (ETH) rocketed 7% from its overnight lows to 4,350, completely erasing all of Tuesday’s losses in a single, powerful move.

    Some market observers speculated the rally was fueled by ETH treasury firms strategically buying the dip.

    The strength was broad-based. Solana’s SOL gained a formidable 6.1%, also outpacing its recent decline, while tokens for ChainLink and AAVE put on even more impressive shows, soaring 10% and 7%, respectively.

    A king on shaky ground

    While the altcoin market was exploding with activity, Bitcoin was a sea of calm. The leading cryptocurrency advanced a modest 1.4% from its lows, trading just above 114,000.

    This tepid performance was more in line with the broader capital markets, where major stock indices like the S&P 500 and the tech-heavy Nasdaq closed in the red.

    This stark divergence is forcing a market-wide reassessment. The relative strength of altcoins during a period of fear is a notable and potentially significant signal.

    Bitcoin’s dominance—a key metric measuring its share of the total crypto market capitalization—is now teetering on the brink of a new six-month low.

    Historically, a sustained fall in Bitcoin’s dominance is the classic harbinger of an “altcoin season,” a period where smaller, riskier tokens take the lead.

    But before investors get carried away by dreams of repeating the wild, speculative rallies of past cycles, a crucial note of caution has been sounded.

    Analysts at ByteTree, led by Shehriyar Ali and Charlie Morris, warn that the rules of the game have fundamentally changed.

    “An alt season may be brewing, but it will not look like the wild rallies of the past,” their report stated. 

    Instead, it will be defined by selective, fundamentals-driven growth, rewarding quality projects and penalising those without substance.

    The message is clear: the era of blind speculation may be over. The current uprising is not lifting all boats equally.

    Instead, it appears to be a more discerning, mature rebellion, one that is selectively rewarding projects perceived to have genuine value and long-term potential.

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  • Bitwise forecasts Bitcoin as best-performing asset over next decade

    Bitwise forecasts Bitcoin as best-performing asset over next decade

    Bitwise projects Bitcoin to deliver 28% annual returns over the next decade.

    • Bitwise projects Bitcoin to deliver 28% annual returns over the next decade.
    • Institutions now view Bitcoin like equities and bonds for portfolio allocation.
    • Spot ETFs and corporate treasuries fuel Bitcoin’s growing long-term adoption.

    Bitwise Asset Management expects bitcoin to deliver the strongest returns of any major asset class over the next ten years, projecting a compound annual growth rate of 28% with gradually declining volatility.

    The forecast was shared in a new memo previewing the firm’s forthcoming Bitcoin Long-Term Capital Market Assumptions report.

    Institutional demand spurs framework

    The report, authored by Bitwise Chief Investment Officer Matt Hougan, is targeted at large platforms and professional allocators that are increasingly treating bitcoin as a “core” portfolio consideration.

    Hougan notes that the shift follows the launch and widespread approval of spot bitcoin exchange-traded funds (ETFs), which have opened the asset class to mainstream retirement accounts and wealth platforms.

    Interest in long-term planning has grown markedly.

    Hougan said Bitwise received a dozen requests this year for long-term assumptions around bitcoin, compared with none between 2017 and 2024.

    In his view, this marks an inflection point: institutions are now evaluating bitcoin in the same way they assess equities, bonds, and other traditional assets.

    Favourable comparisons with traditional markets

    While the full report is yet to be published, the preview states that bitcoin’s projected returns, volatility profile, and correlations compare favourably with established asset classes.

    Bitwise characterises bitcoin’s correlations with other major assets as “low”, falling between −0.5 and 0.5, which many allocators value for diversification benefits.

    The asset manager’s positioning of bitcoin’s outlook draws parallels with annual capital-market forecasts issued by large Wall Street firms such as JPMorgan, PIMCO, BlackRock, and Vanguard.

    These outlooks help institutions determine long-term strategic allocations across asset classes including equities, fixed income, real estate, and alternatives.

    Hougan argues that similar guidance is now warranted for digital assets, given their growing maturity and integration into mainstream investment products.

    Growing Onchain and corporate holdings

    Since spot bitcoin ETFs launched in January 2024, they have quickly gained traction.

    On-chain holdings tied to these ETFs have grown to represent almost 7% of bitcoin’s fixed 21 million supply, with assets under management exceeding $146 billion, according to data from The Block.

    Corporate treasuries have also expanded their exposure.

    Publicly traded companies, led by MicroStrategy with a holding of 629,376 BTC, have collectively accumulated more than $80 billion worth of bitcoin.

    These acquisitions have been financed largely through capital market activities, including equity offerings and convertible debt issuance.

    Bitwise’s full Bitcoin Long-Term Capital Market Assumptions report is expected later this week.

    It will provide detailed methodology and quantitative analysis, alongside side-by-side comparisons with forecasts for traditional asset classes from leading global asset managers.

    For Bitwise, the release marks a bid to position bitcoin within the same framework used for decades to evaluate traditional investments.

    For institutions, it reflects a growing acceptance of bitcoin not as a speculative play, but as a serious allocation option with defined risk and return expectations.

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  • SoFi Bank to start using Bitcoin for cross-border payments

    SoFi Bank to start using Bitcoin for cross-border payments

    SoFi Bank to start using Bitcoin for cross-border payments

    • SoFi will enable instant cross-border transfers using Bitcoin and UMA.
    • Transfers will convert USD to Bitcoin via Lightning, then to local currency.
    • The service will first launch in Mexico with lower fees than traditional remittances.

    SoFi Bank is preparing to shake up the global remittance industry by introducing a blockchain-powered international money transfer service.

    The US digital bank has partnered with Lightspark, a Bitcoin infrastructure company founded by former PayPal president David Marcus, to bring faster and cheaper cross-border payments directly into its app.

    SoFi steps into blockchain payments

    The new service will allow SoFi customers to send money abroad without relying on traditional remittance providers or third-party platforms.

    Instead, transfers will be powered by the Bitcoin Lightning Network and Lightspark’s Universal Money Address, or UMA.

    This technology is designed to move dollars across borders instantly, at any time of the day, while ensuring that fees and exchange rates are displayed clearly before each transaction.

    SoFi says the service will debut later this year, beginning with Mexico, a key remittance corridor from the United States.

    Once rolled out, users will be able to initiate transfers directly through the SoFi app, where US dollars will be converted into Bitcoin, routed across the Lightning Network, and then converted back into the recipient’s local currency before being deposited in their bank account.

    Notably, this is not SoFi’s first step into the digital asset space.

    The bank began offering crypto trading in 2019, but later scaled back the service following regulatory concerns during the collapse of FTX.

    However, with a federal banking license secured and new rules under the GENIUS Act offering greater clarity, SoFi is reentering the sector more aggressively.

    During its most recent earnings call, the company outlined ambitions beyond remittances.

    These include plans for stablecoin issuance, crypto-backed loans, and staking infrastructure for other institutions.

    By positioning itself as a bridge between traditional banking and Web3, SoFi hopes to secure a long-term advantage over pure-play crypto platforms.

    Faster and cheaper transfers

    The promise of speed and lower costs is central to SoFi’s plan.

    Traditional remittances often take days to clear and can cost families as much as 6% of the amount being sent.

    By embedding blockchain rails into its platform, SoFi expects to deliver a service that is available around the clock and significantly below the national average cost of remittances in the United States.

    Anthony Noto, SoFi’s chief executive, emphasised that many of the bank’s members rely on sending money to loved ones overseas.

    He said that building blockchain transfers directly into the SoFi app will give users “faster, smarter, and more inclusive access” to their funds.

    The bank is also opening a waitlist to meet early demand and gauge interest from members who frequently send money abroad.

    Lightspark provides the backbone

    Lightspark, which launched in 2022, has been positioning its UMA as a universal standard for moving money globally in a way that feels as simple as sending an email.

    According to Marcus, Bitcoin is the only open payments network that can power such transactions securely and at scale.

    Marcus added that UMA on SoFi will allow members to move dollars instantly with full transparency and control, while avoiding the delays of traditional systems.

    The collaboration makes SoFi the first US bank to integrate Bitcoin’s Lightning Network and UMA at this scale.

    It also comes at a time when other major institutions, including Bank of America and JPMorgan, are testing blockchain for their own transfer systems.

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  • Crypto update: Bitcoin slips as analysts warn of ‘fragile’ market structure

    Crypto update: Bitcoin slips as analysts warn of ‘fragile’ market structure

    Bitcoin slips as analysts warn of 'fragile' market structure

    • Bitcoin and Ether prices are falling despite positive industry news.
    • A key disconnect exists between weak price action and strong fundamentals.
    • Glassnode warns of market fragility and stretched leverage in the short term.

    A profound and unsettling disconnect is cleaving the cryptocurrency market in two as the trading day begins in Asia.

    While a torrent of structurally bullish headlines points to a maturing and increasingly powerful industry, the price action on screen tells a story of weakness, fear, and retreat.



    This growing chasm between the long-term promise and the short-term pain has left investors caught in a tense tug-of-war.

    The immediate picture is painted in red. Bitcoin is down 3% in the past 24 hours, struggling to hold the line at $113,000.

    Ether is suffering even more, having shed 5.6% to land at $4,100, extending a week of bruising losses across the major digital assets. This persistent pullback is happening in the face of news that would, in any other environment, be sending prices soaring.

    The view from the charts: a structure of sand?

    For one camp of market observers, the current weakness is a simple function of a fragile and overextended market structure.

    In a recent report, the analytics firm Glassnode frames the decline as a textbook case of exhaustion: spot momentum is fading, leverage is dangerously stretched, and the pressure from profit-taking is building to a critical point.

    They warn that even the massive $900 million in inflows into U.S.-listed spot ETFs last week is not enough to sustain the rally on its own.

    Without a renewed wave of conviction buying in the spot markets, Glassnode argues, the market’s positioning remains acutely “vulnerable to deeper deleveraging.”

    A foundation of steel

    This pessimistic view, however, is far from universal. Another camp argues that fixating on the short-term price action is a classic case of missing the forest for the trees.

    The Singapore-based market maker Enflux, in a note shared with CoinDesk, contends that the industry is maturing at a pace that the charts are simply failing to capture.

    They see the weak price action as a temporary “disconnect” and urge traders to focus on the truly significant headlines: Google becoming the largest shareholder in miner TeraWulf, Wyoming launching a state-backed stablecoin, and Tether hiring a former White House crypto policy official. 

    These are not fleeting signals, Enflux argues; they are proof that serious capital and top-tier talent are aligning around a future that is institutional, regulated, and built to last.

    The divergence in tone is telling. One side sees a house of cards, the other sees the scaffolding of a skyscraper being erected.

    The shadow of the Fed

    This internal conflict is being amplified by a powerful external force: the Federal Reserve.

    The entire market is holding its breath ahead of the Fed’s FOMC minutes and, more importantly, Chairman Jerome Powell’s pivotal speech at the Jackson Hole symposium later this week.

    With economists from institutions like Bank of America warning that Powell may argue for holding rates steady amid sticky inflation, the easy-money hopes that have buoyed risk assets are beginning to fade.

    This macro uncertainty is forcing a reckoning in the crypto market, where the short-term fragility is clashing head-on with the long-term fundamental strength. The question now is which narrative will break first.

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  • Bitcoin at risk of a 51% attack from two miners

    Bitcoin at risk of a 51% attack from two miners

    Bitcoin at risk of a 51% attack

    • Foundry USA and AntPool now control over half of Bitcoin’s hash power.
    • Bitcoin price is slipping toward $110,530, a crucial support level.
    • Macro fears and Fed shifts add pressure to already weak crypto markets.

    After Monero’s 51% takeover, two Bitcoin mining pools have sparked fears of a potential 51% attack on Bitcoin.

    Notably, the developments have raised critical questions about the security of the Bitcoin network and the stability of the wider crypto market.

    Also, the concerns over mining centralisation have intensified just as BTC faces steep price declines and broader macroeconomic pressures.

    Two mining pools dominate Bitcoin’s hash power

    Two major mining pools, Foundry USA and AntPool, now control more than half of Bitcoin’s total computing power.

    Foundry even mined eight consecutive blocks in a row, an event that is extremely rare and has heightened fears of network centralization.

    With over 51% of the hash power concentrated in just two entities, experts warn that Bitcoin is technically vulnerable to a 51% attack.

    In such a scenario, the dominant miners could potentially reorganize blocks, censor transactions, or undermine trust in the network.

    While such an attack would be extremely costly and perhaps self-defeating, the centralization trend has raised red flags across the community.

    Rising empty blocks and collapsing fees

    Alongside the hash power imbalance, analysts have noted an increase in the number of empty blocks being mined.

    Empty blocks generate lower transaction fees, which has led to collapsing revenues for miners and less efficient network usage.

    This situation has further fueled concerns about the long-term sustainability of the Bitcoin ecosystem, particularly as users demand greater efficiency from the blockchain.

    Although some commentators argue that a 51% attack would require an astronomical investment, estimated at around $1.1 trillion, they also admit that the risk of manipulation grows when power becomes too concentrated.

    Supporters of Bitcoin believe that no rational actor would spend such sums to destroy the very network that sustains their investment.

    Still, the perception of risk is enough to shake market confidence.

    Bitcoin price slides toward key support levels

    The security fears are unfolding at a delicate moment for Bitcoin’s price.

    After reaching an all-time high of $124,000 just last week, Bitcoin (BTC) has fallen sharply to around $113,000.

    The cryptocurrency is now approaching a crucial support level near $110,530, where buyers are expected to step in.

    If the price holds above that level, a rebound toward $120,000 and eventually $124,474 could follow.

    Some analysts like popular X commentator BitQuant are confident that Bitcoin is still on track to reach $145,000 without ever dipping below the six-figure mark.

    However, if Bitcoin breaks below the $110,530 support zone, the decline could deepen toward $107,000 or even $100,000.

    Short-term charts show bearish momentum, with the relative strength index in negative territory and the 20-day moving average sloping downward.

    Macro fears add pressure on crypto markets

    Beyond the technical charts, macroeconomic shocks are also weighing on sentiment.

    A recent shift in Federal Reserve policy, combined with Wall Street warnings about the newly passed Genius Act stablecoin bill, has unsettled investors.

    There are fears that the legislation could trigger a flood of withdrawals worth up to $6.6 trillion, posing systemic risks to both banking and crypto markets.

     

     

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  • Polygon price forecast: POL surges 6% as TVL reaches 2025 high

    Polygon price forecast: POL surges 6% as TVL reaches 2025 high

    Polygon POL Surges

    • Polygon token (POL) soared as most altcoins dipped on Monday and early Tuesday.
    • While POL has given up some of the gains to $0.26, bulls appear to be in control.
    • Gains for the altcoin come as its network’s total value locked (TVL) jumped to a year-to-date high.

    Polygon’s native token, POL (ex- MATIC) (POL), is one of the gainers in the past 24 hours as cryptocurrencies look to bounce off the latest dump.

    Altcoins such as Chainlink and XRP are eyeing fresh gains.

    While POL price has slipped from highs of $0.27, it’s currently holding above $0.25 as a potential rebound coincides with a spike in the network’s total value locked (TVL).

    Polygon price today

    The POL token’s price is up 3% in the past 24 hours at the time of writing, and nearly 12% in the past week.

    However, intraday gains reached 6% as POL rose to $0.27, with this coming amid growth in Polygon’s ecosystem, fueled by decentralised finance activity and strategic integrations.

    As the price of POL rose, Polygon’s TVL, which has jumped amid bullish momentum, topped a 43% increase year-to-date.

    The TVL spiking not only reflects the price gain, but the growing adoption, user trust and capital flows.

    Per Token Relations, Polygon saw its total value locked metric fall to $788 million in April.

    However, the metric has since witnessed a steady climb to break above $1.23 billion as of August, highlighting the blockchain network’s appeal and attraction as a DeFi player.

    Stablecoin growth

    Additionally, Polygon has seen a notable spike in stablecoin use.

    The recent integration of Agora’s stablecoin, AUSD, on Polygon by Miomi Game is a key development.

    Miomi is a web3 esports platform that boasts over 950,000 users.

    Polygon also surged to a record $2.56 billion in stablecoin payments in July, with peer-to-peer transfers rising as USDC active addresses jumped to 3.16 million.

    Meanwhile, USDT supply on Polygon rose to a new high of $1.29 billion during the month.

    Polygon’s surge in dApps, combined with stablecoin adoption and regulatory moves, spotlights the network’s utility.

    “Why are institutions building on Polygon? Trusted infrastructure, designed for greater efficiency and ready to scale for institutional demand,” Polygon Labs recently posted on X.

    Polygon price prediction

    Looking at Polygon’s price charts, the overall outlook is bullish.

    The network’s strategic initiatives and cross-chain interactions, which are contributing to organic growth, are evidence that bulls can establish the upper hand.

    Polygon’s price surge and TVL spike allude to this. Metrics such as active addresses and transactions are key to buyers breaching the supply wall around $26 and $30.

    On the flip side, bears can target the psychological support level at $20.

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  • Chainlink price forecast as key metrics point to increased onchain activity

    Chainlink price forecast as key metrics point to increased onchain activity

    Chainlink Price Outlook

    • Chainlink price broke to highs $26 before correcting slightly.
    • LINK is surging amid a spike in onchain activity.
    • Partnerships and adoption trends remain bullish for Chainlink.

    Chainlink (LINK) broke above $26 for the first time in months on Monday, surging amid a notable spike in onchain activity.

    As LINK pares gains amid broader profit taking, analysts are saying the recent explosion of key network metrics could allow bulls to breach the supply wall at $30 as they target the all-time high of $52 seen over four years ago.

    Chainlink sees significant surge in onchain activity

    According to Santiment, Chainlink’s onchain activity has witnessed a significant spike in the past week.

    For instance, on Sunday, August 17, a total of 9,813 unique LINK addresses executed at least one transaction, while the next day saw more than 9,625 new LINK wallets.

    Per the onchain analytics provider, both metrics represent the blockchain network’s highest levels for the year.

    “Onchain activity has been even more impressive than the price,” Santiment analysts noted.

    Partnerships and LINK reserve

    Recently, Visa’s head of crypto, Cuy Sheffield, explained via Visa’s Tokenized podcast, that Chainlink is a major pull for institutional entry into crypto.

    Apart from Visa, Chainlink has partnered with ANZ, China AMC, and Fidelity International to bring cross-chain, cross-border settlements to tokenized assets across Australia and Hong Kong.

    A Mastercard partnership is also huge for LINK.

    Chainlink Data Streams is another solution seeing huge integration. Data Streams are now live for U.S. equities and exchange-traded funds such as AAPL, NVDA and CRCL.

    Chainlink also recently partnered with Intercontinental Exchange, the parent company of the New York Stock Exchange.

    “Using ICE’s Consolidated Feed data as an input into Chainlink’s derived FX and precious metals rates onchain via Chainlink’s institutional-grade infrastructure is a watershed moment in the evolution of global markets,” said Fernando Vazquez, president of capital markets at Chainlink Labs. “This collaboration signals a pivotal shift towards a unified, globally accessible onchain financial system, with hundreds of trillions in assets on a clear path to tokenization.”

    Chainlink Reserve, an effort launched to support Chainlink’s traction in the DeFi and TradFi ecosystems, is also a major boost.

    As well as being geared towards establishing Chainlink as a standard solution for global crypto adoption, the program bolsters its tokenized assets growth.

    What’s next for LINK price?

    Chainlink’s price action amid the surge in network activity suggests bulls are confident in LINK.

    Chainlink price chart

    Having broken above $20 and strengthened to $26, Chainlink is showing resilience. While bears have a say on immediate LINK price action, analysts say the altcoin could be on the cusp of a significant breakout.

    While the key metrics indicate that Chainlink’s network growth is outpacing price gains, there are more bulls who are upbeat about.

    A confluence of catalysts such as network integration across decentralized and traditional finance, whale accumulation and macro conditions, is what could propel LINK toward its ATH and into price discovery mode.

    LINK traded at the all-time high above $52 in May 2021, a level bulls may target if market conditions align. Currently, the altcoin is on an uptrend since hitting lows of $16 on Aug. 6.

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  • Bitcoin sees strong accumulation despite BTC price pullback

    Bitcoin sees strong accumulation despite BTC price pullback

    Bitcoin Whales Buy The Dip

    • Bitcoin price is near $115,300 after bouncing off lows of $114k.
    • Despite sharp declines this past week, BTC is seeing robust accumulation.
    • Onchain data suggests aggressive whale buying.

    Bitcoin (BTC) price hovers around $115,300 in early trading on August 19, 2025, but despite the pullback that includes a dip to lows of $114k, the benchmark digital asset is witnessing robust accumulation.

    While on-chain data suggests whales are aggressively buying, technical analyses signal bullish support above the psychological $110k.

    Notably, BTC price reached its all-time peak above $124k on Aug. 14.

    Whales scoop Bitcoin on the cheap

    As noted, on-chain data shows bulls have used the sharp price decline in the past few days to buy Bitcoin.

    The overall trend, as analysts from CryptoQuant show, is that accumulation is on the up.

    Crypto analyst Axel Adler Jr notes in a post on X that there’s been a significant shift in Bitcoin’s exchange netflow.

    Per the CryptoQuant on-chain and macro analyst, the 30-day moving average of net outflow has jumped from -1.7K to -3.4k Bitcoin per day, which suggests that coins are exiting centralised exchanges at an accelerated rate compared to sales.

    This accumulation, against a backdrop of Bitcoin’s price drop to lows of $114k, speaks to bulls’ strong long-term conviction.

    In any case, a divergence between net outflows and price decline has historically pointed to a bullish reversal.

    “Against the backdrop of price decline, we see strengthening net outflow: the Exchange Netflow-30D moving average became more negative from -1.7K to -3.4K BTC/day. This means coins on CEX exchanges are being bought faster than they are being sold. Such a shift in a falling market is a bullish divergence, where participants are using the drawdown to buy back coins,” Adler Jr. said.

    Santiment’s onchain analytics also point to this trend. Notably, top whales and sharks have continued to accumulate even amid the mild dip.

    With BTC prices dropping more than 6% since its peak, wallets within the 10-10K range have scooped more than 20,061 BTC.

    “When we zoom out, this same group of key stakeholders has added 225,320 Bitcoin going back to March 22nd. There has been notable correlation between this group’s holdings and the direction of future price movement for the majority of the past five years,” Santiment noted.

    What’s the Bitcoin price outlook?

    Bitcoin’s price technical picture shows BTC lies within the broad range of support at $112k and resistance at $120k.

    Although panic selling in recent weeks has some holders in a downbeat mood, CryptoQuant says they may be dumping at a loss.

    “This loss-selling event becomes a critical barometer of market health. If absorbed quickly, it could mirror past resets that fueled strong rebounds. If not, it risks signalling a momentum breakdown,” noted crypto analyst Kerem.

    With on-chain data indicating strong accumulation and technical indicators supporting a bullish outlook, BTC remains largely bullish.

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  • Morphware (XMW) price pumped 450% and dumped immediately: what happened?

    Morphware (XMW) price pumped 450% and dumped immediately: what happened?

    Morphware (XMW) price pumps and dumps

    • UAE investment news and Reuters coverage sparked a rapid Morphware (XMW) rally.
    • Low liquidity and profit-taking fueled a sharp price reversal.
    • Contract risks and cautious sentiment have kept volatility high.

    The price of the Morphware (XMW) token jumped 450% earlier today, reaching a high of $0.2501 according to Coingecko, before erasing all the gains to trade at $0.04353 at the time of writing.

    The sudden pump-and-dump unfolded within hours, leaving traders scrambling for answers.

    Morphware (XMW) price chart

    Here’s a closer look at what triggered the move, why it collapsed, and what comes next for XMW holders.

    What caused the surge?

    The rally was sparked by Morphware’s announcements earlier this week.

    On August 12, the team revealed that a leading UAE investment firm had committed funds to its AI infrastructure and mining operations.

    The following day, the news was picked up by Reuters as a press release, bringing mainstream visibility to the project’s expansion into the UAE.

    This combination of social media hype and media coverage fueled a rush of speculative buying.

    The headlines not only attracted existing crypto traders but also drew in new investors who had never tracked Morphware before.

    Why the rally collapsed

    Despite the explosive move, the rally was unsustainable. The first reason was liquidity.

    Morphware’s 24-hour trading volume stood at just $241,276, far too low to support a rapid surge in valuation.

    As a result, even modest buying pressure was enough to send the price skyrocketing, and a relatively small wave of sell orders triggered the collapse.

    Second, speculative momentum quickly gave way to profit-taking.

    Traders who entered early rushed to lock in gains, while others, alarmed by the pace of the spike, chose to exit before the inevitable correction.

    Finally, lingering concerns around the project’s contract added to the selloff.

    Risk trackers have warned that the contract creator retains significant privileges, including the ability to change fees, mint tokens, or even disable sales.

    Fundamentals versus volatility

    Morphware has promoted itself as more than just a token play.

    The company emphasises its enterprise AI services powered by NVIDIA B200 and H200 GPUs, hydroelectric-powered data centres at Itaipu, and an integrated Bitcoin-mining operation that leverages surplus renewable energy.

    XMW is positioned as a utility and governance token supporting these services, with revenue drawn from both AI operations and Bitcoin mining.

    While these fundamentals create a compelling long-term narrative, they do not explain the extreme intraday volatility that traders experienced today.

    Risk signals traders are watching

    Morphware supporters have pointed to a reported $600,000 buyback, with tokens locked for ten years, as evidence of strong conviction from the team.

    However, sceptics argued that the token’s centralisation risks outweighed such commitments.

    Morphware price outlook

    Morphware’s spike-and-crash highlights how quickly sentiment can shift in thinly traded markets.

    A wave of hype can send prices soaring, but without liquidity and transparency, those gains can vanish in minutes.

    For now, XMW remains a highly speculative token, and traders will need to balance the project’s long-term ambitions with the risks of short-term volatility.

    Going forward, traders should keep a close eye on on-chain movements, order book depth, and any administrative changes to the contract.

    The traders could also watch for follow-up announcements from Morphware regarding its UAE expansion and whether the locked buybacks remain verifiable.

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