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Plume price recorded gains after Binance confirmed that the token would be featured in its HODLer Airdrops program. The news led to an 11% rally with the token now set for spot listing. Plume Price Surges Amid Binance Airdrop Announcement The Plume price has increased over 11%, jumping from $0.09 to $0.102. The move followed
The post Why Is Galaxy Backed Plume Price Soaring? appeared first on CoinGape.
Venture Capitalist (VC) firms are coming back to crypto, and Dutch investment firm, Theta Capital Management, has raised $175 million to prove this. Rather than investing directly in blockchain start-ups, the fund focuses on crypto-based venture capital firms. The fund, tagged Theta Blockchain Venture IV, is the fourth in a series that helps crypto-focused VC firms secure the backing they need to invest in blockchain startups. Source: Galaxy Theta Capital Targets Crypto-Focused VCs Theta Capital, founded in 2001, has actively participated in the crypto market since 2018. The Amsterdam-based investment firm currently manages over $1 billion in assets. The new investment fund reflects Theta’s belief that crypto-native VCs, companies with deep roots in crypto, are better equipped to spot early opportunities than generalist investors. According to Ruud Smets, Theta’s managing partner and chief investment officer, “Their (crypto-native VCs) early advantage and experience have compounded over time, making it hard for… Read More at Coingape.com
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Bitcoin (BTC) finally printed $100,000 on major exchanges for the first time since February, before retreating slightly as profit‑taking set in.
The breakout gathered pace as the Federal Reserve’s interest rates remained stable, and President Trump announced positive developments in the tariff deals with multiple countries.
Today, Trump announced the first deal since his administration’s sweeping tariff program began last month. The US president said that his government reached an agreement with the UK, and several other deals are in the final stages.
A Reuters report indicates the agreement will reduce US‑UK duties on steel and autos, easing supply‑chain inflation fears that have dogged risk assets since the tariff shock.
Risk‑on sentiment spilled into crypto, with more than $492 million in short positions liquidated across derivatives venues in the past 24 hours, according to CoinGlass data.
Traders now eye $105,000 as the next resistance. Should Trump’s deal materialize without surprises, bulls argue the path to $120,000 could open quickly
The post Bitcoin Hits $100,000 as Trump Announces Major Trade Deal appeared first on BeInCrypto.
While the broader crypto market is in retreat, Ethena (ENA) is defying the trend, rallying nearly 20% in the past 24 hours and catching the attention of traders across the board.
But what really stands out is the convergence of key signals such as rising whale activity, steady exchange outflows, and a bullish chart setup. All signs suggest that something bigger may be brewing. Could ENA be gearing up for a breakout rally?
The most important trend right now is that whales are buying, and not selling. According to Nansen’s dashboard, ENA whale holdings have jumped 8.15% in the last seven days. At the current price, that stands close to $1.87 million.
That’s a sharp increase, and it’s happening while most of the market is either flat or down. This kind of whale behavior usually signals confidence; big players are positioning for a larger move.
At the same time, exchange balances are falling. Over the past week, 1.07 billion ENA tokens have left exchanges.
That means Ethena (ENA) is moving into private wallets, not trading platforms. When this happens, it’s often a sign that holders plan to sit tight. Less supply on exchanges means fewer chances of sudden selling.
In short, big wallets are scooping up ENA, and the token is quietly disappearing from exchanges. That’s a strong bullish setup.
The chart shows something even more interesting. While ENA’s price made a lower high, the On-Balance Volume (OBV) made a higher high at the time of writing. This is called a bullish divergence; it happens when volume flows suggest buyers are stronger than the price action shows.
At the time of writing, ENA is still inside a converging wedge pattern and trading near $0.57. The OBV trend is breaking higher, which hints that buying pressure is building under the surface. Buyers are quietly stepping in even as the price consolidates.
This kind of divergence often appears before a breakout. Combined with the whale activity, it shows that accumulation may already be underway.
On-Balance Volume (OBV) tracks whether volume is flowing into or out of a token, helping spot hidden trends.
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Technically, ENA has been trading inside a wedge since late June. However, just to add another layer of validation, the chart uses the trend-based Fibonacci extension tool. This tool or indicator is used to chart price targets during an uptrend.
The first point of the Fibonacci extension plotting began near $0.22 and extends to a recent swing high around $0.59. Yesterday, ENA retraced to $0.42, but today it’s bouncing back hard and hovering just under the breakout zone.
The big number to watch now is $0.60. That’s the 0.5 Fibonacci extension level from the recent trend. A clean breakout above the wedge at $0.58, followed by the $0.60 mark, could unlock a rally toward $0.65, $0.71, or even beyond. More so with the current whale and volume backing.
However, here’s the catch. If ENA fails to break out and drops back below $0.51, the bullish case weakens. That would invalidate the wedge breakout thesis and could trigger a pullback.
The post Ethena (ENA) Pumps 20% On A Dull Day—Charts Hint at More Upside appeared first on BeInCrypto.