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Peter Thiel-backed crypto exchange Bullish (NYSE: BLSH) made a blockbuster debut on Wall Street on August 13, nearly doubling from its IPO price. Citing an early opportunity, Cathie Wood’s Ark Invest purchased a staggering 2.5 million BLSH shares on the very first day. The BLSH stock ended 83% on Wednesday’s closing, from its IPO price
The post Bullish (BLSH) Stock Jumps 83% On NYSE Listing, Cathie Wood Buys 2.5 Million Shares appeared first on CoinGape.
Justin Sun, founder of the Tron blockchain network, successfully returned from Blue Origin’s NS-34 mission on Saturday.
Five other crew members joined the crypto entrepreneur on the commercial spaceflight. Sun had won his seat through a $28 million bid placed in 2021.
The ten-minute journey took the crew beyond the Kármán line at 100 kilometers altitude. Meanwhile, during the suborbital flight, passengers experienced approximately four minutes of weightlessness. The mission marked the realization of the dream of space travel for Sun, now the youngest Chinese astronaut in history.
“Earth is so small, and it’s our home,” Sun said after landing safely. Furthermore, he emphasized the responsibility of humankind to protect the planet following his aerial perspective. Sun described being surprised by Earth’s apparent small size when viewed from space.
Thank you @BlueOrigin. pic.twitter.com/dDqxck8762
— H.E. Justin Sun
(@justinsuntron) August 3, 2025
The Tron founder’s reaction exemplifies the “Overview Effect,” a cognitive shift astronauts experience. This phenomenon highlights Earth’s interconnectedness and humanity’s universal place. Over 70 people have now traveled to space through Blue Origin’s program.
Sun’s space achievement adds to his entrepreneurial portfolio in blockchain technology. Tron currently serves over 320 million global users with daily active addresses exceeding three million. The platform processes $82.6 billion in USDT on-chain issuance.
The space journey reinforces Sun’s commitment to inspiring young people in STEM education. He donated his $28 million bid to Blue Origin’s Club for the Future foundation. Sun hopes his interstellar experience will encourage more youth to pursue technology and innovation.
While Chun Wang, co-founder of a major Bitcoin mining pool, became the first crypto entrepreneur to fly to space on a SpaceX orbital mission earlier this year, Sun became the first crypto industry leader to do so aboard Blue Origin.
The post Justin Sun Completes Historic Space Journey with Blue Origin appeared first on BeInCrypto.
The post Arbitrum Price Analysis: Can Robinhood’s Involvement Boost Bullish Sentiment for $ARB Price Soon? appeared first on Coinpedia Fintech News
Arbitrum (ARB) price was the best performing top-100 altcoins by market cap in the past 24 hours. The altcoin, which is used by one of the top layer Two (L2) networks for Ethereum (ETH), gained over 6 percent in the past 24 hours to trade about $0.3412 on Monday, June 30, during the mid-North American session.
Consequently, the mid-cap altcoin, with a fully diluted valuation of about $2.4 billion and a 24-hour average traded volume of around $109 million, has gained over 20 percent in the past seven days.
Arbitrum price recorded higher gains on Monday than the rest of the top altcoin largely due to the much needed support from Robinhood Markets Inc. (NASDAQ: HOOD). On Monday, Robinhood confirmed that it is currently building its blockchain on top of the Arbitrum network.
Robinhood enjoys a strong community of more than 14 million retail investors, especially in North America. Following the announcement of a new web3 product developed on Arbitrum, HOOD shares gained over 12 percent on Monday to trade about $93.28 at the time of this writing.
In the weekly timeframe, ARB price has been trapped in a falling trend, which is characterized by lower lows and lower highs. However, ARB price has established a robust support level around $0.2673, especially after rebounding twice year-to-date.
A similar outlook has been observed in the daily timeframe, whereby ARB price has already broken out of a macro falling trend and has been retesting. With the daily MACD line almost crossing the Signal line, amid the bullish divergence of the Relative Strength Index (RSI), ARB price is well positioned to rally beyond 47 cents in the near term and establish a macro rising trend.
The post Arbitrum Price Analysis: Can Robinhood’s Involvement Boost Bullish Sentiment for $ARB Price Soon? appeared first on Coinpedia Fintech News
Arbitrum (ARB) price was the best performing top-100 altcoins by market cap in the past 24 hours. The altcoin, which is used by one of the top layer Two (L2) networks for Ethereum (ETH), gained over 6 percent in the past 24 hours to trade about $0.3412 on Monday, June 30, during the mid-North American …
The total crypto market cap (TOTAL) and Bitcoin (BTC) have struggled to recover recent losses, with global political tensions continuing to escalate. This has kept volatility high, impacting the crypto market. Ondo (ONDO) is leading the decline among altcoins, experiencing an 8% drop in the last 24 hours.
In the news today:-
The total crypto market cap lost $99 billion over the past 24 hours, currently sitting at $2.82 trillion. This decline followed a failed attempt to breach the $2.93 trillion resistance, further pressured by escalating global tensions, particularly surrounding Trump’s tariff war, which dampened market sentiment.
At present, the total crypto market cap is holding above the $2.75 trillion support level. However, the bearish sentiment persists, and if global tensions continue to rise, it could trigger further declines, potentially dropping to the $2.63 trillion support level. This would extend recent losses and further dampen investor confidence.
Despite the current downturn, a shift in broader market conditions could signal recovery for the crypto market. If TOTAL manages to breach the $2.93 trillion resistance, it could reverse the bearish trend and attempt to rise above $3.00 trillion. This would invalidate the current bearish outlook and mark the beginning of a potential rally.
Bitcoin’s price is down by 4% today, trading at $87,004, just below its support level of $87,041. The broader market’s bearishness has been intense, as seen in the intra-day low of $84,667. Bitcoin’s price movement is largely influenced by this ongoing market volatility, which is hindering recovery.
If the support level of $87,041 is regained, Bitcoin may find stability and a shot at recovery. However, if Bitcoin slides further below this critical support, it could experience a decline towards $85,000 or even slide further to $82,761. This would reinforce the bearish sentiment and extend the current downtrend.
To invalidate the bearish outlook, Bitcoin must reclaim the $89,800 support level, something it was unable to achieve today. Successfully flipping this level into support could push Bitcoin’s price toward $93,625. A recovery beyond this point would indicate a shift in momentum toward the upside.
Ondo price has dropped by 8.6% over the last 24 hours, falling below the support level of $1.10 and currently trading at $1.02. This downturn has made ONDO the worst-performing asset of the day. The market sentiment suggests that further declines are unlikely in the near future.
Given the current market conditions, ONDO is expected to consolidate between the $1.10 and $0.96 levels. This price range has proven reliable in the past. While a major price drop seems unlikely, ONDO’s performance will largely depend on market sentiment and investor action in the coming days.
If the $1.10 support is successfully reclaimed, ONDO has the potential to rise toward $1.27. Breaching this resistance, alongside overcoming the 50-day and 200-day EMAs, could signal a shift in momentum and invalidate the current bearish outlook, paving the way for further upside potential.
The post Why Is the Crypto Market Down Today? appeared first on BeInCrypto.