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Pudgy Penguins (PENGU) has recorded a massive rally in the last 24 hours after surging by more than 30% during this time, to trade at $0.0196 today, July 10. The gains come after reports that the US Securities and Exchange Commission (SEC) had acknowledged Canary’s filing for a PENGU ETF. Meanwhile, a bull flag pattern
The post PENGU Price Jumps 30% Today As SEC Acknowledges Canary’s ETF; Is $0.035 Next? appeared first on CoinGape.
Defunct crypto firms FTX and Alameda Research have moved $10.3 million worth of Solana (SOL) to 30 blockchain addresses, continuing their methodical liquidation of digital assets.
The transfer, carried out on June 13, was flagged by on-chain analytics platform Arkham Intelligence.
Blockchain researcher EmberCN confirmed the activity and noted that the firms had recently unstaked 188,000 SOL, worth around $31.5 million. A portion of those tokens has already been redirected to the new addresses.
Meanwhile, these transfers follow a consistent pattern observed since November 2023, where both entities have routinely offloaded large volumes of SOL.
Since then, EmberCN noted that the bankrupt firms have moved over 8.4 million SOL, amounting to more than $1.09 billion.
Most of these tokens reportedly moved at an average price of $130 and were often routed through major exchanges such as Binance and Coinbase, suggesting active selloff. Market observers noted that these are part of efforts to reimburse creditors following their bankruptcy in 2022.
However, despite the consistent outflows, the estate still holds a significant amount of Solana. FTX still has about 5.29 million SOL, valued at over $775 million, remaining under its control, with 5.05 million locked in staking contracts.
Meanwhile, the recent Solana transactions come as FTX continues disbursing funds under its approved Chapter 11 reorganization plan.
The bankrupt estate has completed two payment phases to former customers and investors in recent months. The failed firm paid approximately $1.8 billion in February to creditors, followed by an additional $5 billion in May.
Moreover, FTX recently added Payoneer to its list of distribution partners. This move complements existing custodians Kraken and BitGo and aims to streamline the repayment process while expanding global reach.
Analysts suggest this inclusion aims to help users in jurisdictions where crypto custodian limitations previously delayed access to funds.
Still, many creditors in countries like Russia, China, Egypt, and Nigeria remain blocked from receiving payouts. These users made up a sizable portion of FTX’s customer base before the exchange collapsed.
The post FTX Sends Fresh $10 Million in Solana to 30 wallets appeared first on BeInCrypto.
Nvidia CEO Jensen Huang has been instrumental in driving demand for advanced AI chips, particularly high-bandwidth memory (HBM) chips. His…
Bitcoin price forecast enters a critical phase as BTC trades near record highs. While macro trends and ETFs support the rally, on-chain activity warns of a looming correction, with long-term holders offloading coins near peak levels.
Bitcoin extended its recent rally to reach a new all-time high of $94,220 on April 23, climbing nearly 4% over the last 24 hours. This marks the third consecutive day the leading cryptocurrency has posted a fresh peak, beginning April 20.
The bullish momentum follows renewed macroeconomic uncertainty, as former President Donald Trump intensifies political pressure on Federal Reserve Chair Jerome Powell, reigniting investor concerns over monetary policy direction.
Traders and institutional players appear to be pricing in heightened volatility in traditional markets, as Trump publicly criticized the Fed’s current leadership and reaffirmed his stance on aggressive tariffs.
These statements have catalyzed a rotation of capital from risk-weighted equity sectors into Bitcoin and related crypto products. This trend is in line with BTC’s historical behavior as a hedge asset during periods of political and monetary instability.
Bitcoin ETFs posted their strongest single-day net inflow in 2025 on Tuesday, with over $921 million added to fund holdings, according to Farside data. The record-breaking inflow underscores rising institutional demand, particularly as macroeconomic concerns and trade policy risks escalate.
The spike in ETF allocations occurred as traditional stock indices wavered midweek amid renewed trade rhetoric from Trump’s camp and speculation surrounding the potential ousting of Fed Chair Jerome Powell.
Analysts interpret this as a reallocation of capital, with Bitcoin ETFs benefitting from risk-off sentiment in equities.
The $100,000 psychological barrier now appears within reach, yet on-chain signals suggest underlying risks that could derail momentum.
While price and institutional inflows point to a strengthening bull cycle, on-chain data tells a more nuanced story.
According to Santiment, Bitcoin’s Age Consumed—a metric tracking the movement of previously dormant coins—spiked dramatically from 2.03 million BTC on April 19 to over 12 million BTC by April 23.
This sharp increase in Age Consumed signals that Bitcoin long-term holders are moving large quantities of previously idle coins, often associated with profit-taking or strategic exits.
The sudden surge in Age Consumed typically reflects distribution from older wallets, a trend that has historically preceded local tops or significant pullbacks.
The movement suggests that some long-term investors may be capitalizing on Bitcoin’s latest highs, potentially dampening bullish momentum in the near term.
While not definitive on its own, the Age Consumed spike introduces a cautionary signal as Bitcoin approaches the psychological $100,000 mark. If selling pressure from long-term holders intensifies, it could introduce volatility or stall further gains—even in the face of bullish macro and institutional trends.
Bitcoin price forecast signals today show bulls attempting to breach the $95,000 as BTC taps the upper Bollinger Band on the weekly chart. While the rally from sub-$80,000 lows marks a strong technical rebound, traders may need to exercise caution.
BTC price has now entered the resistance zone near $94,000–$107,000, where past weekly candles have previously faced rejection.
The Bollinger Bands (BB) upper line at $107,383 acts as a key resistance ceiling. Unless this level is breached with volume, BTC risks rejection at the top of its volatility envelope.
Momentum indicators show mixed signals. The Relative Strength Index (RSI) stands at 57.37, just above its moving average (54.20), hinting at mild bullish bias—but still well below overbought levels.
However, the RSI Moving Average Histogram (RSI-MA) shows a divergence, with the slower red MA at 60.61 still declining while the green bar is only at 47.61. This suggests momentum remains fragile.
Given these conditions, Bitcoin price forecast may be susceptible to a bull trap if price fails to decisively close above $94,000 with strong follow-through. Without confirmation, profit-taking could trigger a reversal toward the mid-Bollinger level around $92,200 or lower support near $77,000.
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