Category: News

The foreign exchange (FX) market processes over $7.5 trillion in daily volume, yet remains constrained by legacy infrastructure that is slow, fragmented, and unavailable around the clock. Traditional FX markets are closed on weekends, rely on third-parties, and transactions can take days to settle, making them inefficient.

To address this, Mento is expanding its decentralized onchain FX capabilities, currently on Celo, to other blockchains by integrating with Wormhole, the leading interoperability platform connecting traditional finance and the internet economy, and its Native Token Transfers (NTT) standard. This integration will unlock access to global FX liquidity across chains for the first time at institutional scale.

Wormhole powers over 200 applications and has processed more than $60 billion in multichain volume with greater than 1 billion cross-chain messages across Solana, Ethereum, Aptos and other major blockchains. By leveraging this infrastructure, Mento will enable real-time multichain movement of its 15+ global and local stablecoins including cUSD, cEUR, cKES, and others, unlocking new use cases for decentralized currency exchange.

Mento’s Origins: A Foundation for Global FX

Mento originated as the stability protocol behind decentralized stablecoins on Celo. Following a community governance proposal, Mento spun out of cLabs, the core development team of Celo, as an independent project in 2022 to scale its mission of delivering accessible, local currency stablecoins to support use cases such as payments, remittances, microloans, savings and earning yield. This foundation remains core to Mento’s strategy of reaching billions of users across emerging and developed markets. Now, as Celo evolves into an Ethereum Layer 2, Mento stands as the leading FX infrastructure in the EVM ecosystem, powering decentralized currency exchange across chains.

A New Era for Global FX: Open, Instant, and Always On

Mento is building the decentralized infrastructure for global onchain FX, enabling developers and institutions to embed currency conversion natively into financial applications. Unlike traditional FX systems, Mento-powered FX runs 24/7, settles instantly, and eliminates the need for intermediaries.

Laying the rails to bring that scale of currency exchange onchain and provide decentralized liquidity for a growing range of currencies, Mento empowers both retail and institutional users to trade, hedge, settle, and access credit in their local currencies or globally used assets. This shift builds on Mento’s strong foundation in emerging markets and positions it as a scalable FX engine across multiple chains.

Through its integration with Wormhole NTT, Mento will enable:

• Multichain FX trading between 17+ stablecoins (including USDT and USDC) with real-time price execution.
• Movement of multi-currency stablecoins across 40+ blockchains with native issuance and redemption.
• FX settlement powered by Fixed Price Market Makers (FPMMs), enabling flexible, real-world pricing for use cases including cross-border payments, remittances, treasury operations and more.

This unlocks a future where currency exchange is not confined to banking hours or legacy regional systems, but is available globally, onchain, and at internet speed.

Multichain Liquidity for Onchain Currency Markets

The Wormhole NTT integration empowers Mento ecosystem builders and institutional partners to:

• Tap into decentralized FX liquidity from multiple chains;
• Route FX trades across ecosystems via Wormhole’s messaging infrastructure;
• Build multichain applications that rely on stable, price-efficient conversions between major global currencies.

This is a key milestone in transforming FX from a closed, opaque system into an open, programmable layer of the internet economy.

Unlocking the FX Market with Blockchain-Scale Infrastructure

“The FX market is one of the largest and most critical financial systems in the world, but it hasn’t evolved to match the demands of a 24/7 digital economy,” said Robinson Burkey, Co-Founder of Wormhole Foundation. “This integration begins the process of moving FX onchain, making it faster, more accessible, and more interoperable across blockchain ecosystems and unlocking another financial tool for a growing market of investors.”

“The Mento Platform aims to be the leading FX infrastructure for borderless finance,” said Markus Franke, CEO at Mento Labs. “This integration with Wormhole allows us to scale that vision globally, enabling anyone, anywhere to trade and move currencies in real-time, across chains, with instant finality and zero reliance on legacy infrastructure.”

As stablecoin adoption grows, the need for fast, interoperable, and decentralized FX infrastructure has never been greater. With this integration, Mento and Wormhole are laying the foundation for an open, liquid, and programmable FX system, ready to meet the scale and speed of the modern financial world.

Learn more: Visit Mento.org | Use Mento | Follow Mento on X | Join the Mento Community 

About Mento:

Mento is the leading decentralized FX infrastructure, enabling seamless launching, trading, and settlement of global currencies onchain. Built for both institutions and individuals, Mento powers real-world financial use cases from cross-border payments to credit markets through a growing portfolio of overcollateralized stablecoins and a transparent, multicurrency platform.

The post Mento Selects Wormhole as its Official Interoperability Provider to Power Multichain FX appeared first on BeInCrypto.

After Bitcoin (BTC), Ethereum (ETH) has emerged as the next institutional favorite. According to Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, corporate treasuries have purchased 1% of all ETH in circulation since the beginning of June.

This highlights the growing appetite among firms to increase their ETH exposure. Kendrick also shared with BeInCrypto that these corporate treasuries could eventually hold 10% of all ETH.

Institutions Aggressively Accumulate ETH in June

BeInCrypto previously reported that firms are accelerating their efforts to acquire ETH as part of their treasury strategy. According to the latest data, the Strategic ETH Reserve, which tracks entities holding Ethereum in their treasuries, now totals 2.33 million ETH, valued at over $9 billion.

These holdings, distributed among 64 entities, account for 1.93% of Ethereum’s supply. This marks a significant rise from the 789,705 ETH held in mid-May. In just over two months, the entities’ ETH holdings have surged by approximately 195%.

Notably, 113,000 ETH (approximately $409 million) is held by companies that revealed their positions for the first time this quarter.

Meanwhile, a few firms stand out for their massive holdings. For instance, BitMine Immersion Technologies, which initially committed $250 million to an ETH reserve, has already topped over $2 billion in ETH holdings in a month.

Furthermore, the firm plans to increase this stake to $4.5 billion, with the long-term vision of owning 5% of ETH’s supply. Similarly, SharLink Gaming has also increased its holdings to $1.7 billion in ETH.

SHARPLINK GAMING NOW HAS $1.7 BILLION USD OF ETH

SharpLink Gaming ETH holdings have risen to $1.67 Billion as of last night, when the team acquired an additional $295M of ETH.

Will SBET become the MSTR of ETH? pic.twitter.com/nb8gshxcfX

— Arkham (@arkham) July 28, 2025

Standard Chartered’s Geoff Kendrick highlighted that public companies with digital assets on their balance sheets have acquired 1% of ETH’s circulating supply in just two months. What’s particularly noteworthy is the pace of acquisition—this rate is double that of Bitcoin purchases by corporate treasuries.

“This buying was almost as strong as ETH ETF buying, which has also been the strongest on record. We expect ETH treasury companies to eventually own 10% of all ETH, a 10x increase from here,” Kendrick told BeInCrypto.

He stressed that in terms of flows, ETH treasury companies are becoming more important than their BTC counterparts.

“ETH treasury companies make more sense than their BTC equivalents due to staking yield, DeFi leverage. And from a regulatory arbitrage perspective, they make more sense than their BTC equivalents, too,” he said.

Why Corporate Firms Are Increasing Their Ethereum Holdings?

The executive explained that corporate treasury investments in ETH are appealing due to the financial system’s inefficiencies, which are largely driven by regulatory barriers. 

Additionally, ETH treasuries can benefit from staking rewards and leverage opportunities within decentralized finance (DeFi). These are currently unavailable through US Ethereum ETFs.

Kendrick also noted that the momentum has contributed to ETH’s latest price rally. BeInCrypto Markets data showed that the price appreciated 56.9% over the past month, and peaked at highs last seen many months ago.

“ETH has significantly outperformed BTC since ETH treasury companies took hold in early June, with the ETH-BTC cross up from an April low of 0.018 to 0.032 now. Buying by these companies, along with the best period for ETH ETFs on record, has certainly contributed to those gains. If the flows can continue, ETH may be able to break above the key USD 4,000 level (our current end-2025 forecast),” Kendrick disclosed to BeInCrypto.

Thus, Ethereum’s growing appeal among corporate treasuries highlights its potential for long-term growth. Now, how the asset will actually perform remains to be seen.

The post Standard Chartered Forecasts Corporate Treasuries Holding 10% of Ethereum’s Supply appeared first on BeInCrypto.

Despite a sharp 10% correction from its five-month high, Hedera (HBAR) price is starting to show signs of internal strength that could set the stage for a surprise bounce.

While retail traders continue to short the asset, data reveals whales have been quietly adding to their stacks, hinting that the recent dip might be more of a shakeout than a breakdown.

Whales Accumulate, Netflows Validate

HBAR price may be down from its $0.30 high, but big players are seeing it as a buy-the-dip opportunity. Since July 20, the number of wallets holding at least 1 million HBAR has jumped almost 5%, and those with 10 million or more are up almost 4.5%. That kind of activity from whales usually signals quiet accumulation, not panic.

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

What confirms this move? Spot exchange netflow.

The spot netflow chart suggests that in July, exchanges have predominantly seen HBAR outflows, hinting at growing accumulation.

This metric tracks how much HBAR is entering or exiting exchanges. A strong outflow trend means holders are withdrawing tokens, less likely to be sold. In simple terms, whales are buying and moving coins off-exchange, which often sets up bullish conditions.

OBV Momentum Aligns With Whale Buying

The On-Balance Volume (OBV) chart adds another layer of validation. OBV measures the cumulative volume flow, essentially tracking whether volume is coming from buyers or sellers. A rising OBV during a price climb shows real buying support.

For HBAR, OBV has been trending higher since early July, and even after the recent dip, it hasn’t cracked. That’s key. The whale buying and netflow behavior wouldn’t mean much if volume wasn’t backing it.

But OBV confirms it: the demand behind the scenes is still very much alive. This strengthens the accumulation narrative and hints that the dip may be running out of steam.

HBAR Price Holds Key Support, But Needs a Trigger

HBAR is currently holding just above the 0.236 Fibonacci retracement at $0.26, a level it must protect. Above this, a breakout beyond $0.30 is possible if momentum returns, led by increased whale positioning and outflows. However, $0.26 remains the key support, and a dip under that renders the bullish hypothesis weak.

While the above chart captures the broader swing, from $0.12 to $0.30, a bird’s eye view of the chart also reveals a few key levels that HBAR might need to break in order to inch towards the 5-month high.

Per the shorter swing chart, $0.28 remains a key level for HBAR to break. And the $0.26 level serves as the key support, aligning with the bigger swing or the primary chart.

All signs point to strength beneath the surface; whales are buying, supply is draining, and OBV hasn’t broken down. Yet, price hasn’t popped. That suggests the market’s waiting on a trigger, possibly a shift in retail sentiment.

The post HBAR Whales Quietly Buy the Dip While Retail Turns Bearish; Rally Ahead? appeared first on BeInCrypto.

GameSquare Holdings, Inc. has drawn attention by acquiring CryptoPunk #5577, a well-known NFT, for $5.15 million through preferred shares. Following the deal, CryptoPunk #5577 officially became a strategic treasury asset of GameSquare.

While NFTs have long been speculative digital collectibles, a new wave of companies treating them as treasury assets may redefine their role in corporate finance, if the market holds.

NFT Insiders Strongly Support the Idea of NFT Treasury Companies

GameSquare’s decision is bold. It places NFTs on the same level as other recent reserve crypto assets like Bitcoin, Ethereum, and Solana.

Garga, CEO of Yuga Labs — the company behind the Bored Ape Yacht Club collection — predicted that NFT treasury companies will become a trend. He also expressed a desire to see an APE-focused treasury company.

“The world isn’t ready for NFT treasury companies, but they are coming anyway,” Garga said.

Matt Medved, a member of the Digital Art Council at Art Basel, echoed his expectations. Medved believes the NFT market cap is small but still has massive growth potential. Other NFT investors also argue that NFTs hold a unique advantage — their strong cultural and social elements.

“But I think there’s way more to it. This won’t be just a cold finance strategy like what Michael Saylor is doing. It will involve real social dynamics,” NFT investor Loki said.

Notably, the market is witnessing a sharp rise in NFT trading volume in July. A recent report from BeInCrypto noted that the floor prices of CryptoPunks and Moonbirds have surged, signaling a potential comeback of the NFT season.

July NFT Market Sees Trading Volume Spike

According to data from Dune, NFT marketplace volumes exploded in July. On some days, trading volume reached $26 million, with the daily average above $10 million.

Additionally, Nathan Frankovitz — an analyst at VanEck — cited data from CryptoSlam, noting that Ethereum NFT trading volume on July 23 spiked to the highest level since May 2022.

This data shows renewed interest in NFTs, creating favorable conditions for businesses to consider these assets as part of their strategic reserves.

GameSquare may be the first signal, but it’s still too early to call it a full-blown trend.

If this movement gains momentum, the most promising NFT collections likely to benefit would include Pudgy Penguins, CryptoPunks, and Bored Ape Yacht Club. According to OpenSea, these collections account for most of the liquidity in the NFT market.

The Value of NFTs Remains Controversial

Even though NFT industry leaders believe that NFT treasury companies could revolutionize corporate finance — similar to how MicroStrategy used Bitcoin — the intrinsic value of NFTs remains hotly debated, even within the crypto sector.

Anatoly Yakovenko, co-founder of Solana, bluntly criticized NFTs and memecoins in a recent discussion on X (formerly Twitter).

“I’ve said this for years. Memecoins and NFTs are digital slop and have no intrinsic value. Like a mobile game loot box. People spend $150B a year on mobile gaming,” Yakovenko said.

Skepticism goes beyond NFTs themselves. Using crypto as a strategic reserve has faced doubt since its early days.

Like Bitcoin-reserve companies, NFT treasury firms could issue bonds to purchase NFTs, inflating NFT and stock values. Then, retail investors would buy shares in companies holding high-value NFT portfolios. Those companies would recycle that capital. The cycle could break if capital inflows weaken and NFT prices crash.

Therefore, assets used for strategic reserves must demonstrate sustainable growth. Historically, this is where NFTs fundamentally differ from Bitcoin.

The post NFTs as Corporate Treasuries? GameSquare’s $5 Million CryptoPunk Bet Ignites Debate appeared first on BeInCrypto.

Top meme coin Shiba Inu is showing signs of an extended bearish trend as large investors ramp up profit-taking activities. 

This wave of selling pressure has triggered a decline in the meme coin’s value, pushing it below its ascending parallel channel—a key structure that had supported its price action from June 22 through July 27.

SHIB Bulls Lose Grip as Large Holders Trigger Breakdown

Leading meme coin SHIB has broken below the lower trend line of the ascending parallel channel within which it traded for over a month. 

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Such breakdowns are interpreted as early signs of trend reversals, especially when accompanied by weakening demand and increased selling volume.

For SHIB, the breakdown coincides with a sharp surge in whale sell-offs. On-chain data from IntoTheBlock reveals a 456% dip in large holders’ netflow over the past week, confirming that major investors are exiting their positions and realizing profits.

Large holders are whale addresses that hold more than 1% of an asset’s circulating supply. Their netflow tracks the difference between the coins they buy and the amount they sell over a specific period.

When an asset’s large holders’ netflow dips this way, more tokens flow out of whale wallets than into them. This signals increased profit-taking, often a precursor to price weakness. 

In SHIB’s case, the sharp decline in netflow confirms that major investors are offloading their holdings. This reduces market confidence and adds downward pressure on the token’s value.

Futures Market Retreat Hints at Deeper Losses

Sentiment in the derivatives market mirrors the weakness seen on-chain. SHIB’s open interest in futures contracts has been steadily declining since July 22, plunging by 35% to stand at $212.48 million at the time of writing. 

This sustained drop suggests that traders are increasingly unwinding their positions, with fewer participants willing to bet on the token’s short-term upside.

When open interest falls alongside price, it is an overall sign of cooling momentum. In SHIB’s case, this drop reinforces the bearish outlook and suggests that conviction and capital are leaving the market.

SHIB Bulls Eye $0.00001467, But Whale Activity Clouds the Path

SHIB trades at $0.00001351 at press time, facing strong resistance at $0.00001362. If whale selloffs persist, this price barrier could strengthen and force SHIB’s price to trend downward to the support floor at $0.00001239.

However, if new demand rockets, the meme coin could breach $0.00001362 and soar to $0.00001467.

The post Shiba Inu’s Summer Surge Ends—Price Dips as Big Holders Exit appeared first on BeInCrypto.

PayPal announced the expansion of its “Pay with Crypto” platform, allowing US merchants to accept over 100 cryptocurrencies, settle transactions instantly, and reduce international fees by up to 90%.

While PayPal’s stablecoin PYUSD is the clearest winner, the ripple effect across altcoins could be significant.

PYUSD Sees Immediate Surge, Unlocks 4% Yield on Holdings

At the heart of PayPal’s strategy is its stablecoin, PYUSD. Following the announcement, trading volume for PYUSD spiked 158%, reflecting growing interest in the coin’s utility and embedded incentives.

Businesses using PayPal can now earn 4% APY on PYUSD held within their Wallet. Additional perks include instant access to proceeds, sidestepping delays, and high fees characteristic of traditional banking rails.

“Using PayPal’s open platform, the business can accept crypto for payments, increase their profit margins, pay lower transaction fees, get near instant access to proceeds, and grow funds stored as PYUSD at 4%,” read an excerpt in the announcement, citing Alex Chriss, CEO of PayPal.

This move aligns with PayPal’s broader vision of turning PYUSD into a native asset for global commerce. Its recent partnership with Fiserv to expand stablecoin use worldwide enhances this ambition further.

Winners Beyond PYUSD: Ethereum, Solana, Arbitrum, and More

Meanwhile, the infrastructure enabling PYUSD is also in the spotlight. Blockchains that facilitate PayPal’s stablecoin, like Ethereum (ETH), Arbitrum (ARB), Stellar (XLM), and Solana (SOL), are poised for increased transaction activity as more businesses tap into the platform. Solana in particular is already seeing momentum.

“Fintech giant PayPal now allows US merchants to accept over 100 cryptocurrencies, including Solana-based meme coins like TRUMP and FARTCOIN,” wrote SolanaFloor.

While meme coins remain speculative, their inclusion highlights PayPal’s commitment to broad support across ecosystems.

This model could mirror the TRON (TRX) boom that followed widespread adoption of USDT on its network. The volume potential is enormous, with over 650 million crypto users globally and a $3+ trillion market cap.

Who Else Benefits? Altcoins Accepted for Payment

Beyond infrastructure, coins directly supported for payment could experience fresh demand. PayPal revealed it will support over 100 cryptocurrencies through integrations with wallets like Coinbase, MetaMask, Phantom, OKX, Kraken, and Binance.

This includes majors like BTC, ETH, USDT, USDC, XRP, BNB, and SOL, as well as unexpected additions like TRUMP and FARTCOIN.

Solana memecoins on PayPal. Let that sink in.

— Nomad Fulcrum (@nomadfulcrum) July 28, 2025

As PayPal begins onboarding US merchants in the coming weeks, this broad coin acceptance could bring newfound utility to altcoins that have traditionally seen limited real-world payment use.

Ultimately, PayPal’s expansion is about more than pumping a few tokens. It signals a structural shift toward crypto-native commerce, unlocking borderless payments and financial access for businesses globally.

“By enabling seamless cross-border crypto payments, we’re breaking long-standing barriers in global commerce. These innovations don’t just simplify payments—they drive merchant growth, expand consumer choice, and reduce costs,” said Chriss.

The post Ethereum, Solana, and PYUSD in Focus After PayPal’s Global Crypto Rollout appeared first on BeInCrypto.

CFX, the native coin of Conflux Network, which claims to be China’s only regulatory-compliant public blockchain, has surged by 12% today, making it the top-performing token across the crypto market. 

This rally comes despite a broader market pullback. It appears to be fueled by mounting optimism ahead of the highly anticipated Conflux 3.0 upgrade, set for launch in August.

Conflux Gains Momentum Ahead of 3.0 Tree-Graph Upgrade

CFX has surged by double digits today as excitement builds around its upcoming mainnet upgrade. During the recently concluded Conflux Technology & Ecosystem Conference, the network unveiled details of Conflux 3.0, codenamed Tree-Graph, set to launch next month.

The Tree-Graph upgrade introduces parallel processing blocks that will boost the blockchain’s throughput to over 15,000 transactions per second. It will also integrate Conflux with the artificial intelligence (AI) industry by enabling on-chain invocation of AI agents.

Additionally, the upgrade will lay the groundwork for cross-border trade and Real-World Asset (RWA) tokenization on the network. 

The anticipation of these enhancements, and the belief that they will significantly boost Conflux’s utility and adoption, has triggered a surge in investor demand. This renewed interest is now driving up the value of CFX amid growing investor attention.

CFX Signals Strong Rally Potential With Bearish Fade

On the daily chart, CFX trades significantly above the Leading Spans A and B of its Ichimoku Cloud, reflecting the bullish sentiment among coin holders. These lines currently form dynamic support levels below CFX’s price at $0.1811 and $0.1550, respectively.

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

The Ichimoku Cloud tracks the momentum of an asset’s market trends and identifies potential support/resistance levels. When an asset trades above this indicator, it signals a strong bullish trend and upward momentum. Market sentiment is positive, and the asset may continue rising if it holds above that support zone.

The area above the Cloud is a bullish zone, indicating positive market sentiment toward CFX. If this trend holds, the coin could post fresh gains over the next few trading sessions. 

Additionally, readings from the CFX/USD one-day show that the red bars of its BBTrend indicator have begun to shorten. This indicates waning bearish pressure and could potentially pave the way for sustained price growth.

The indicator measures the strength and direction of a trend by analyzing price movement relative to Bollinger Bands. When it returns shortening red bars, the bearish momentum in the market is weakening. 

This signals the potential beginning of a new bullish phase for CFX, especially as it is accompanied by other positive indicators like rising trading volume and a positive price performance. 

Can Bulls Push Past the $0.24 Barrier Toward $0.30?

CFX trades just below the long-term price barrier formed at $0.2484. With climbing buy-side pressure, a successful breach of this resistance could propel CFX’s price toward $0.30.

However, if profit-taking starts, this bullish outlook will be invalidated. In that case, CFX’s value could fall to $0.1664.

The post CFX Surges 12% as Conflux 3.0 Upgrade Sparks Demand appeared first on BeInCrypto.

As July comes to an end, several significant developments in the Bitcoin (BTC) market have emerged. Notably, profit-taking pressure has resurfaced in the final week of the month, raising concerns about a potential turning point in August.

Based on analysis from market experts and on-chain data, four main sources of selling pressure could soon shape Bitcoin’s trajectory. Let’s explore each factor in detail.

1. Profit-Taking from Reawakened “Dormant Whale” Wallets

At the beginning of July, BeInCrypto reported that a whale wallet holding 80,000 BTC woke up after more than 14 years. The sell-off activity from this whale wallet, facilitated by Galaxy Digital, slowed Bitcoin’s upward momentum in the last week of July.

CryptoQuant data shows that large outflows from Galaxy Digital wallets often coincide with Bitcoin price corrections. On July 29, LookonChain continued to detect more outflows, sparking fears of another sell-off.

“Is Galaxy Digital helping clients sell BTC again? In the past 12 hours, Galaxy Digital has transferred out another 3,782 BTC ($447 million), most of which went to exchanges,” LookonChain reported.

Moreover, BeInCrypto reported that two additional dormant wallets—inactive for 6 to 14 years—have become active. SpotOnChain recently reported three dormant whale wallets, possibly tied to a single entity, that moved 10,606 BTC ($1.26 billion) after 3–5 years of inactivity.

An increasing number of awakened whale wallets appear to add selling pressure heading into August.

2. Signs of Selling Pressure from Long-Term Holders

The second source of selling pressure is from Long-Term Holders (LTHs), who are often considered the backbone of the Bitcoin market.

According to a CryptoQuant report, LTHs began withdrawing funds as BTC hovered around the $120,000 mark at the end of July. This behavior may reflect a cautious mindset, where many investors prefer to lock in profits rather than continue holding through potential volatility.

“Long-term holders (LTHs) have started to turn net negative right at the $120K resistance — a historically important psychological level. This shift suggests that some investors who’ve held through previous cycles might be starting to realize profits,” analyst Burakkesmeci noted.

In Q1 2025, negative net positions from long-term holders helped drag BTC below $75,000. If this group continues to sell, it could create significant selling pressure, increasing the risk of a strong correction in August.

3. Miner Outflows Are Increasing

The third factor is rising miner outflows — a key indicator of selling pressure from Bitcoin miners.

CryptoQuant data shows that throughout July, BTC outflows from miner wallets started climbing again after a period of decline. This shift marks a possible trend reversal.

Miners often sell when they need liquidity to cover operational costs or when they want to lock in profits after a price rally. If this trend continues, it could amplify selling pressure, especially when combined with the activity from whales and long-term holders.

“The mean amount of coins per transaction sent from affiliated miners’ wallets. If miners send some proportion of their reserves at the same time, it could trigger a price drop,” CryptoQuant explained.

4. Selling Pressure from the US Investors

The Coinbase Premium indicator reflects the price gap between Coinbase and Binance. A negative premium means Bitcoin trades at a lower price on Coinbase, indicating weaker demand or stronger selling pressure in the US market.

This indicator essentially represents the behavior of US investors. Although it remained mostly positive, it turned negative at the end of July.

“Bitcoin Coinbase Premium Gap turned negative again. What does it mean? The demand in the US market is weakening. Caution is necessary,” analyst IT Tech commented.

Historically, a negative premium hasn’t always led to a trend reversal. However, it often signals a slowdown in upward momentum. If selling pressure continues to build, a negative outcome could unfold.

A Reversal Signal from the MVRV Ratio in August

Some analysts are adopting a more cautious stance for August, especially after Bitcoin recorded four straight months of gains.

According to Coinglass statistics, Q3 is historically the weakest quarter of the year. August, in particular, is often the worst-performing month within Q3.

CryptoQuant analyst Yonsei pointed out that the MVRV (Market Value to Realized Value) ratio is approaching a cycle-top threshold. This signal may appear by late August.

During the 2021 cycle, the MVRV ratio formed a double top that accurately predicted the market peak. If history repeats, August could mark Bitcoin’s local top before entering a correction or consolidation phase.

“In short, we’re entering a zone where optimism and caution must coexist. Let on-chain timing guide your strategy — now is the time to tighten risk management and stay nimble,” Yonsei concluded.

Despite these concerns, Kaiko’s latest report expressed confidence in Bitcoin’s market depth. They believe the market can absorb the current selling pressure.

“However, the strong liquidity profile, matched with the market’s ability to handle large orders and growing demand from treasury companies, indicates the presence of sophisticated traders. These traders are more price agnostic, which should bode well for BTC’s price action heading into what can be a choppy month,” Kaiko stated.

Although whales, LTHs, and miners may trigger volatility, the current market structure could prevent a severe collapse.

The post 4 Entities That Could Trigger a Bitcoin Sell-Off in August appeared first on BeInCrypto.

In their latest presentation, BitMine Immersion Technologies suggested an implied value of $60,000 for Ethereum (ETH), citing consultations with unnamed research firms.

The valuation comes amid ETH’s notable bullish rally. The price has surged 57% over the past month, even outpacing Bitcoin’s (BTC) 10% monthly gains.

BitMine’s $60,000 Ethereum Valuation

On Monday, BitMine, the largest public holder of ETH, launched ‘The Chairman’s Message.’ This monthly video series outlines the firm’s strategic vision for cryptocurrency investments. 

Accompanying the presentation on X (formerly Twitter) was a slide titled ‘Potential Ethereum Network Value Summary,’ highlighting Ethereum’s potential implied value.

“We asked several research firms to give us ‘replacement’ value (of Wall Street) to value ETH. Implied value for ETH is $60,000. ETH currently ~$3,800,” the post read.

The $60,000 valuation posits an 18-fold increase from ETH’s current market value. However, the firm’s post framed this as an illustrative projection.

Although this projection is hypothetical, it still highlights ETH’s significant potential. This confidence in ETH coincides with the second-largest cryptocurrency experiencing impressive gains recently. 

BeInCrypto data showed that yesterday, ETH surpassed $3,900 for the first time since December 2024, further fueling its ongoing recovery. At press time, Ethereum was trading at $3,871, marking a slight decline of 0.50% over the past 24 hours.

Ethereum Price Prediction: What Analysts Expect 

Meanwhile, many market analysts are increasingly forecasting higher valuations for Ethereum’s price. In a latest post on X, Bitcoinsensus suggested that Ethereum is primed for a significant upside move, similar to what Bitcoin experienced in 2020.

The analyst observed that Ethereum could experience a breakout above a multi-year trendline. This, in turn, could lead to a price increase.

“ETH is showing relative strength for a breakout, after a multi-year pressure build up below this trendline. With enough momentum, the breakout could lead to much higher prices for Ethereum in the upcoming phase of this cycle,” the post read.

Moreover, Ethereum proponent Ted Pillows mentioned that the altcoin is currently undervalued. He argued that, based on the growth of the M2 money supply, Ethereum’s value should already be above $8,000.

“This shows how undervalued ETH is right now, and is probably one of the best trades out here,” Pillows said.

Meanwhile, analyst Mark highlighted that more investors are accumulating Ethereum. This is often seen as a sign of growing confidence in the asset’s future price potential.

“Ethereum’s accumulation ratio is on the rise again. After hitting a low in April 2025, the ratio has started to climb, indicating a potential increase in demand for ETH,” he noted.

This paints a bullish picture for ETH. Furthermore, the projections may not be too far-fetched, especially given a number of factors working in Ethereum’s favor.

BeInCrypto reported that institutional interest in the altcoin continues to rise, with many firms committing millions of dollars to buy Ethereum as part of their treasury strategy.

“Ethereum moves slow then all at once. When institutions rotate, it won’t be subtle,” a market watcher remarked.

I’m excited about the upcoming weeks.

Things are looking very bullish right now.

Bitcoin’s dominance is dropping below 60%, which shows money is flowing into other coins.$ETH is going to break $4,000, boosted by strong demand from institutional investors.

Altcoins are in a… pic.twitter.com/ROF8x91jbL

— Ted (@TedPillows) July 28, 2025

Bitcoin’s dominance is declining, and many experts predict that Ethereum could be a significant beneficiary. Lastly, Ethereum’s upcoming 10th anniversary has attracted heightened interest, further putting the token in the investor spotlight.

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The dark side of crypto surfaces occasionally, this time in the form of two disturbing kidnap-for-crypto schemes on opposite sides of the Atlantic.

In South Florida, a man allegedly plotted the abduction and mutilation of an entire family over a $3 million debt. Meanwhile, in London, a Belgian barber was held hostage by a gang who mistakenly believed he was a crypto billionaire.

Crypto Launderer Planned Kidnappings and Amputations

The FBI alleges that 30-year-old Shlomo Akuka of Hallandale Beach, Florida, sought to enforce a $3 million cryptocurrency debt by hiring hitmen. The criminals would kidnap a Brazilian man, his fiancée, and their daughters, and mutilate them until the money was repaid.

Against this backdrop, Akuka became the focus of an FBI sting targeting money laundering networks in Florida. He allegedly laundered nearly $200,000 in what he believed were drug proceeds through a series of crypto transactions using Tether (USDT) stablecoin.

During multiple meetings with undercover informants posing as cocaine traffickers, Akuka reportedly took a 5% cut to convert cash into USDT. He also offered advice on laundering strategies, and asked if they “needed more clients to sell flour,” using slang for cocaine.

However, in a meeting on July 17, things took a far darker turn. Akuka allegedly detailed his plan to kidnap a debtor and his family. Based on the report, he had already placed a GPS tracker on the fiancée’s car.

According to the FBI, he said the daughter’s hands “should be cut off” until the $3 million was paid.

In a subsequent meeting on July 23, Akuka reiterated the plan to the two undercover agents. Reportedly, he offered them $10,000 upfront to carry out the kidnappings and finger amputations.

That meeting would be his last. He was arrested the following day and remains in custody before his court appearance in Fort Lauderdale. If convicted, he faces decades in federal prison.

London Gang Mistakes Barber for Bitcoin Billionaire

Just days before Akuka’s arrest, another crypto-fueled crime made headlines in London. Reports indicate a Belgian barber named Quentin Cepelja, 21, was lured by a woman on Instagram. The perpetrator believed Cepelja was a secret Bitcoin millionaire.

The woman, 20-year-old Davina Raaymakers, invited Cepelja to London in May 2023 under the guise of a romance. Instead, she led him to a dingy bedsit in West London.

On arrival, Cepelja found a gang, including the woman’s boyfriend, Adlan Haji, waiting.

The group held Cepelja at knifepoint for nine hours, demanding £500,000 ($645,000) in crypto. However, to their dismay, Cepelja had just £6.71 ($8.66) in his crypto wallet. They eventually settled for £2,000 ($2,580) in cash before releasing him.

The victim’s friend in Belgium alerted police, who later arrested the gang using Airbnb booking records. All four suspects pleaded guilty to blackmail and await sentencing.

Crypto Crime Goes Physical

These two disturbing incidents highlight a growing pattern. Physical threats tied to crypto increase as digital assets go mainstream.

Similar incidents have been reported in France targeting a Ledger user. Other regions include Morocco and the US, with the latter leading in crypto kidnapping cases.

Barely a month ago in Estonia, an Australian crypto billionaire survived a kidnapping attempt. As it happened, he bit off part of his assailant’s finger to escape.

With fortunes secured behind passwords and stored on mobile wallets, criminals increasingly resort to brutal tactics to force access to crypto holdings.

From mutilation plots in Miami to hostage situations in London, crypto wealth, or even the illusion of it, can turn deadly.

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