Crypto, Forex & Blockchain News

Chinese Bitcoin treasury company, MicroCloud Hologram’s stock, HOLO, shows potential for a surge due to its undervaluation and high short interest. Factors such as a possible bullish Bitcoin breakout and the Wyckoff Theory could contribute to a HOLO price increase.

Verb Technology announces a $558 million deal to establish a public treasury reserve for Toncoin (TON), causing the token’s value to drop 7.6%. TON Strategy Co aims to become one of the largest TON holders, betting on the token as the exclusive blockchain for Telegram’s vast ecosystem. Despite the deal being backed by heavyweights like Kingsway Capital and Ribbit Capital, investor response has been muted. The TON community is now looking at public treasury companies for growth potential.

Explore the daily market performance updates from CoinDesk Indices, highlighting the gains and slips of the CoinDesk 20 Index. The article provides insights into today’s trading statistics, top gainers, and underperformers in the cryptocurrency market.

Web3 FPS game, Shrapnel, transitions from the Avalanche blockchain to the Gala Games ecosystem, a strategic move reflecting shared vision and enabling global launch. Despite mixed gaming community reactions, Shrapnel’s SHRAP token shows a 17% increase, with a total AVAX mindshare of 24%. The article also details the market performances of SHRAP and GALA tokens.

Hyperliquid, the decentralized exchange, set new record highs in trading volume in July, hitting $319 billion and marking the highest monthly volume ever in the DeFi perpetual futures space. Via constant user activity and capturing significant value from Solana, Ethereum and BNB Chain, Hyperliquid earned 35% of all blockchain revenue. The platform’s rapid growth has boosted the collective trading volume of DeFi perpetual exchanges to $487 billion in July, a 34% increase from June.

XRP whales have reportedly been unloading their tokens, with data showing the offload of 640 million tokens totaling over $1.91 billion in the past month. Analysts suggest risks of a potential 30% crash in the coming days due to weakening momentum. Get an in-depth understanding of this potential downturn and its implications for the cryptocurrency market.

Coinbase is in talks with Karnataka’s IT Minister on blockchain infrastructure and developer support, indicating a strategic change in India’s approach to digital public infrastructure. Despite challenges in India’s retail crypto market, Coinbase is looking to expand its role in the local tech sector, with its potential impact on India’s on-chain playbook, cybersecurity, and developer education. This follows Coinbases exit from India’s retail crypto market in 2023 and aligns with its broader push to advise governments on crypto policy.

Discover the latest news about Ethena’s synthetic dollar protocol, USDe, and its rising market capitalization. Learn more about the factors catalyzing this increase, the role of Stablecoin X, and how the current situation influences the broader altcoin market, specifically BTC and ETH.

BNB rebounds strongly after initial downturn, hitting $760 after enduring a period of geopolitical and economic uncertainties. Trade volumes surged as BNB garners interest from retail and corporate buyers in response to Binance’s platform enhancements, including the introduction of a web wallet and bitcoin options. The resilience of BNB positions it as a stable asset within the exchange token sector, holding a notable 81.4% market dominance. Find out more about how BNB is performing and its continued recovery.