KCS, the native token of cryptocurrency exchange KuCoin, is holding strong amidst a market-wide downturn. The altcoin has defied the broader market downturn with a 1% price increase in the past 24 hours.
This modest uptick may signal the beginning of a larger bullish trend, as technical indicators show strengthening upward momentum. This analysis holds the details.
Buying Pressure Intensifies for KCS
Readings from KCS’ daily chart suggest that bullish pressure is building. Notably, its Relative Strength Index (RSI) is currently at 58.32 and is on an upward trend, confirming the strengthening demand for the altcoin.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100, with values above 70 suggesting that the asset is overbought and due for a price decline. Converesly, values under 30 indicate that the asset is oversold and may witness a rebound.
At 58.32 and climbing, KCS RSI signals that bullish momentum is gaining traction and buying pressure is intensifying.
Moreover, the token’s Moving Average Convergence Divergence (MACD) confirms this positive trend. As of this writing, KCS’ MACD line (blue) rests above its signal line (orange).
An asset’s MACD indicator identifies trends and momentum in its price movement. It helps traders spot potential buy or sell signals through crossovers between the MACD and signal lines.
As in KCS’ case, when the MACD line is above the signal line, it indicates bullish momentum in the market. Also, traders often view this setup as a buy signal; hence, they might be prompted to buy more KCS tokens, further driving up its short-term value.
KCS Tests Critical Level as Bulls Aim for 58-Day High
KCS currently trades at $10.71, resting just below the resistance formed at $10.90. If the demand for the altcoin grows and it successfully flips this price barrier into a support floor, it could propel KCS to $11.77, a high last reached on March 3.
However, if KCS holders resume profit-taking, it could lose its recent gains and fall to $10.027.
Cardano (ADA) has climbed over 15% in the past week, continuing to push higher despite a 27% drop in trading volume over the last 24 hours. While momentum indicators and whale activity still lean bullish, signs of consolidation are emerging as ADA trades near key support and resistance levels.
Whether ADA breaks higher or pulls back may depend on how it reacts to the critical $0.668–$0.709 range in the coming days.
Is Cardano’s Rally Losing Steam or Just Catching Its Breath?
Cardano Average Directional Index (ADX) is currently at 30.17, easing slightly from yesterday’s 32.76 after a sharp surge from 14.90 two days ago.
Despite the minor pullback in ADX, ADA remains firmly in an uptrend, indicating that bullish momentum is still present, though perhaps cooling slightly after an intense acceleration.
The ADX is a trend strength indicator that ranges from 0 to 100. It does not indicate direction—only the strength of a trend. Readings below 20 suggest a weak or non-existent trend, while values above 25 typically confirm a strong trend.
ADA’s current ADX at 30.17 reflects a healthy uptrend still in play, although the slight dip may suggest the trend’s momentum is stabilizing rather than accelerating.
As long as ADA maintains this level, the uptrend remains intact, but traders should watch for any further decline in ADX that could hint at waning strength.
Cardano Whales Return—Is Accumulation Back On?
The number of Cardano whale addresses—wallets holding between 1 million and 10 million ADA—has slightly increased to 2,408, up from 2,405 on April 22.
This follows a brief decline from 2,421 on April 20, suggesting a small but notable return of larger holders after a short distribution period.
While the change may seem minimal, it marks a potential shift in sentiment among high-stake investors, who often play a key role in driving price trends due to the sheer volume of assets they control.
Addresses Holding Between 1 Million and 10 Million ADA. Source: Santiment.
Tracking whale activity is crucial because these large holders can significantly influence the market. When whales accumulate, it’s often viewed as a sign of confidence and can act as a leading indicator of upward price movement.
Conversely, when whales begin to offload their holdings, it may signal weakening conviction or an expectation of short-term price drops.
The recent uptick from 2,405 to 2,408 may indicate a renewed interest among whales in accumulating ADA, hinting at a possible rebound or continued strength in price—especially if this trend continues.
ADA’s Uptrend Holds, But Key Support Must Survive
According to its EMA lines, Cardano price remains in an uptrend, with short-term moving averages still above the long-term ones—a classic sign of sustained bullish momentum.
This alignment suggests the broader trend favors the bulls despite recent price consolidation.
However, ADA is trading within a tight range, facing resistance at $0.709 and supported at $0.668, setting the stage for a potential breakout or breakdown.
If the $0.668 support is tested and fails, ADA could decline toward the next support level at $0.634, and a deeper slide might push it down to $0.59, marking a more significant correction.
Conversely, a clean break above $0.709 resistance would likely trigger renewed bullish momentum, with the next upside target around $0.77.
The Czech National Bank (CNB) made a notable shift in its investment strategy during the second quarter of 2025, increasing its exposure to the cryptocurrency sector through US equities.
According to a quarterly filing submitted to the US Securities and Exchange Commission (SEC), the central bank acquired 51,732 shares of Coinbase Global. The Brian Armstrong-led firm is the largest US-based cryptocurrency exchange and the only crypto firm in the S&P 500 index.
The financial regulator has not publicly commented on the rationale behind its updated portfolio. According to the filing, the CNB held approximately $12.8 billion in US-listed equities as of June 30.
Market analysts noted that the move aligns with the bank’s strategy of holding S&P 500 constituents as part of its reserves. This approach allows the firm to gain indirect exposure to fast-evolving industries like crypto and artificial intelligence.
“An asset under consideration is Bitcoin. It currently has zero correlation to bonds and is an interesting asset for a large portfolio. Worth considering,” said Czech National Bank Governor, Aleš Michl.
Though no such purchase has been confirmed, the announcement has sparked significant market interest. If realized, the move could position the Czech National Bank as one of the first Western central banks to hold Bitcoin on its balance sheet.
Michl has emphasized the importance of studying Bitcoin and its underlying blockchain technology rather than dismissing it. In his view, a better understanding of Bitcoin could strengthen central banks by equipping them for the evolving financial space.
“I stated that bitcoin is highly volatile and could one day be worth one of two extremes – either zero or a huge amount. I also stressed that bitcoin is a high-risk asset for professional investors who are aware of all the risks,” Michl noted.
Tomas Greif, chief product officer at Braiins Mining, noted that even without a direct Bitcoin allocation, the CNB now holds indirect exposure through Coinbase and Tesla. He added that this exposure could increase further once MicroStrategy joins the S&P 500.
Still, Greif cautioned that if the CNB intends to buy Bitcoin directly, the window for entering at favorable prices may be closing.
For now, the bank’s actions indicate a cautious yet deliberate interest in the crypto sector. This signals a potential shift in how traditional financial institutions view digital assets in their reserves.
Chainalysis’s latest report revealed that cryptocurrency services lost over $2.17 billion in 2025, exceeding the total amount stolen in all of 2024. Moreover, 2025 is on track to become the worst year on record.
The report highlighted that a growing share of stolen funds comes from personal wallet breaches. Furthermore, the use of physical violence against crypto holders has also increased this year.
Crypto Crime Hits New Heights in 2025
In their latest 2025 Crypto Crime Mid-year Update, Chainalysis stressed that with still nearly half a year left to go, 2025 has already proven worse than the entire 2024.
“Stolen fund activity stands out as the dominant concern in 2025. While other forms of illicit activity have shown mixed trends YoY, the surge in cryptocurrency thefts represents both an immediate threat to ecosystem participants and a long-term challenge for the industry’s security infrastructure,” the report reads
The blockchain data platform revealed that 2022 remains the worst year on record in terms of the total value stolen from services. However, it took 214 days to accumulate $2 billion in stolen funds.
In stark contrast, 2025 reached similar levels in just 142 days. By the end of June 2025, the value stolen year-to-date (YTD) was 17% higher than in 2022.
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Chainalysis predicted that if current trends continue, stolen funds from crypto services alone could exceed $4.3 billion by the end of the year, posing a significant threat to the security and trust within the cryptocurrency ecosystem.
Nonetheless, the report pointed out that the most significant incident driving this surge is the $1.5 billion Bybit hack, attributed to North Korea’s Lazarus Group. This single breach accounted for approximately 69% of all funds stolen from services in 2025.
“This mega-breach fits within a broader pattern of North Korean cryptocurrency operations, which have become increasingly central to the regime’s sanctions evasion strategies. Last year, known DPRK-related losses totaled $1.3 billion (heretofore the worst year on record), making 2025 already by far their most successful year to date,” Chainalysis noted.
Crypto Theft Trends Highlight Rising Risks for Individuals
Beyond large-scale breaches, attackers shifted their focus to individual users this year. Personal wallet compromises made up 23.35% of total stolen funds year-to-date. Chainalysis observed three key trends in these breaches.
Firstly, Bitcoin theft accounts for a large share of stolen value. Secondly, the average loss from compromised Bitcoin wallets has grown over time, suggesting that attackers are targeting higher-value holdings. Thirdly, there has been an increase in the number of victims on non-Bitcoin and non-EVM chains like Solana.
The report suggested that while Bitcoin holders are less likely to be targeted compared to other on-chain asset holders, when they do fall victim, the losses tend to be more significant.
This trend is particularly alarming in regions with high crypto adoption, such as North America. It leads in both Bitcoin and altcoin thefts, and Europe dominates in Ethereum and stablecoin losses.
APAC (Asia-Pacific) ranks second for total BTC stolen and third for Ethereum. CSAO (Commonwealth of Independent States and Central Asia) ranks second for stolen altcoin and stablecoin value.
“So far in 2025, the US, Germany, Russia, Canada, Japan, Indonesia, and South Korea top the list of highest victim counts per country, whereas Eastern Europe, MENA, and CSAO saw the most rapid H1 2024 to H1 2025 growth in victim totals,” the report stated.
Meanwhile, Chainalysis also spotlighted the disturbing trend of ‘wrench attacks’ against crypto holders. Wrench attacks essentially involve using physical violence or threats to force victims to reveal private keys or transfer assets, bypassing digital security measures by targeting the individual directly.
BeInCrypto previously reported on the rise in kidnappings of crypto moguls, which was closely tied to Bitcoin’s increasing price. Interestingly, the report also revealed a correlation between these incidents and Bitcoin price movements.
“Our analysis reveals a clear correlation between these violent incidents and a forward-looking moving average of bitcoin’s price, suggesting that the future increase in asset values (and the perception of its future upward movement) may trigger additional opportunistic physical attacks against known crypto holders,” Chainalysis remarked.
Rising Violence Against Crypto Holders. Source: Chainalysis
The report warned that, based on current trends, 2025 is expected to have a significantly higher number of physical attacks against crypto holders, potentially double that of the ‘next highest year on record,’ with crime underreporting likely concealing the true extent of the problem.
