Cryptonews

A recent chart, courtesy of the illustrious crypto analyst Ali Martinez, casts a broad, macro-level gaze upon Cardano (ADA), revealing a striking resemblance to the structure witnessed during its last major bull cycle. The Fibonacci overlays, like a well-choreographed dance, highlight a near-perfect rhythm, deep retracement, a rounded accumulation, and then a steady expansion. The twist? ADA is performing the same dance, but with a more graceful, gradual slope and consolidation, possibly setting the stage for a stronger finale.

Can you imagine? Filing with the SEC, a document drenched in the dry scent of ambition, announcing a lofty quest to raise a staggering $4.2 billion—an enormous sum, enough to buy oneself a small kingdom or perhaps just a very expensive coffee. The plan? To sell shares—those fragile pieces of paper—through bankers and brokers, each last traded at some market number that probably changes faster than a fevered dream.

As of August 1, Gate US announced via press release that they’ve opened their doors to U.S. customers, marking a significant step into the most scrutinized crypto market on the planet. 🌍

According to a press release dated August 1, Subzero Labs has emerged from stealth with a $20 million funding round led by Pantera Capital, joined by Coinbase Ventures, Hashed, and other heavyweight investors. 🏦✨ The team, stacked with veterans from Meta, Netflix, Solana, and Diem, is building Rialo—a blockchain it claims is designed to eliminate the infrastructure headaches that stall decentralized app development. 🧱

This weak link in the economy shall surely spook the Fed into more rate cuts — because what’s a crisis without a little chaos? The joke’s on us: stocks, bonds, gold, all dance to this new tune of uncertainty.

Peering at the unfeeling on-chain data, one witnesses a rift: small hands drop their load, bowing before fear, while the great wallets scoop up tokens as if buying sausages in the bitter dawn of the market bazaar. Should the hunger of the whales outgrow the nervous exodus, PUMP may yet twitch with life again. Or, simply flop about—time will tell.

Trump, ever the strategist, reaffirms his Bitcoin ambitions with the fervor of a poet reciting Pushkin. Robert Bo Hines, the White House’s crypto bard, assures us the reserve is alive and well, a central pillar indeed—though one wonders if it’s holding up the sky or just the administration’s reputation. Speaking to Crypto In America, he revealed the government’s Bitcoin hoard since March, alongside a broader digital asset collection. Bitcoin, that “elevated” king of cryptos, reigns supreme—even the government bows, albeit with a ledger in hand. 🏛️

Ethereum’s birthday bash didn’t just involve cake and candles; it sparked a corporate stampede toward Ether (ETH), as the big wallets—think of them as the finance world’s equivalent of wealthy uncles—have amassed over 1% of all Ether since June. And the bank folks are betting that this could grow to a staggering 10%—which, if it happens, might just push Ethereum’s star to soar past the $4,000 mark. Fancy that! 🚀

The Ripple-linked XRP token, with its impressive market cap of $186 billion, has been completely ignored in this latest White House report. Imagine the nerve! 🤦‍♂️

Treehouse (TREE), that brave little token, peered out at $0.6068 — a 30% leap from this week’s nadir. Then, like a wounded bird, it faltered, falling back to $0.5317. Meanwhile, the volume awoke with a roar, surging 53% to $185 million—more than double its market cap of $85 million, which is basically crypto’s version of a confidence trick. 🃏