The US Commodity Futures Trading Commission (CFTC) has started an initiative to allow spot crypto trading on CFTC-registered exchanges.
Dogecoin’s rare bullish signal lights up the charts
Dogecoin is flashing a signal you can’t just shrug off. A seasoned chart wizard on X, the one going by Cantonese Cat, just pumped a little more cash into his Doge stash after spotting a key bullish flag on the weekly Ichimoku chart.
Metaplanet Buys 463 Bitcoin in August’s First Major Corporate Purchase
Japanese investment company Metaplanet purchased 463 Bitcoin on August 4 for 8 billion yen ($53.7 million).
Bitcoin Holds the Throne as Altcoins Await Their Moment
The Altcoin Season Index in the low 30s and Bitcoin dominance around 60% suggest we remain in a Bitcoin-dominated market, with no full-fledged altcoin season yet.
Declining BTC dominance from its yearly peak indicates early capital rotation into altcoins, reflecting cautious investor optimism and selective risk appetite, particularly in Ethereum ecosystem tokens and DeFi projects.
However, the low index score implies that altcoin strength is sporadic, not widespread, signaling a market still favoring Bitcoin’s stability over broader altcoin speculation.
For this week, Bitcoin is likely to consolidate around $112,000-$118,000, supported by strong technicals, while Ethereum may test $3,300-$3,800, driven by ETF inflows and institutional interest.
Rising ETH adoption and on-chain activity could fuel outperformance, but Bitcoin’s dominance may cap significant altcoin gains unless broader market sentiment shifts further toward risk-on behavior.
Ryan Lee, Chief Analyst at Bitget Research
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Satoshi Nakamoto Statue Recovered by Lugano Municipality After Vandalism
Municipal workers in Lugano, Switzerland, recovered the damaged Satoshi Nakamoto statue from Lake Lugano.
Bitmain is building its first crypto mining rig factory on U.S. soil
Bitmain is making a power move straight into the heartland of America. After dominating from China for years, this tech giant’s planting its flag with a brand-new factory, right where the action is heated up, Texas or Florida.
