Category: Crypto market

CRCL Plunges Post-10 Million Share Offering by Holders and Circle

Posted on by Olumide Adesina

Circle Internet Group Inc. shares fell following the announcement of a joint offering to sell 10 million shares by the second-largest stablecoin issuer and a group of shareholders, including co-founder and CEO Jeremy Allaire.

According to a filing made with the US Securities and Exchange Commission on Tuesday, Circle is offering 2 million shares, while the selling shareholders are selling 8 million. The share sale would generate $1.63 billion at Tuesday’s closing price of $163.21 per share.

The stock fell 5.3 percent, to $ 154.51 in New York’s post-market trading on Tuesday.

The offering is set to price on Thursday night, according to people familiar with the matter, who asked not to be identified as the information isn’t public. Circle went public in June with an IPO that raised $1.02 billion. Since then, its stock price has increased by more than 426 percent as of Tuesday’s close in New York.

Ripple’s XRP Hit by Wave of Whale-Driven Sell-Offs

Posted on by Olumide Adesina

XRP faced an even more pronounced bearish trajectory, with large whale movements and on-chain data painting a grim picture.

 

Over 720 million XRP tokens were reported to have been moved out of cold storage, and the MVRV ratio indicated growing distress among holders. Technical analysis by market observers highlighted a TD Sequential sell signal on the 3-day chart, reinforcing concerns about further downward momentum.

XRP investors were urged to remain cautious, as the risk of continued declines appeared high with key support levels now at $2.40 and below.

Crypto analyst Versan Aljarrah believes that XRP’s current price does not accurately reflect its utility, adoption.

He argues that the token’s true value is being suppressed by what he describes as “layered, coordinated” mechanisms across exchanges, regulations, and liquidity infrastructure.

According to Aljarrah, if these barriers did not exist, the price of XRP (XRP-USD) would be significantly higher than its current value of approximately $3.30, especially after a remarkable 600% surge since November.

This perspective discomforted some XRP supporters who view the token as being deeply undervalued relative to its potential.

On the other hand, skeptics highlight other metrics to support their viewpoint. For instance, on-chain data indicates that XRP’s Network Value to Transaction (NVT) ratio to 477, which could suggest that the token is overvalued compared to its activity.

Additionally, its Market Value to Realized Value (MVRV) ratio exceeds 400%, indicating that most holders are sitting on substantial unrealized gains—gains that could be at risk if market sentiment shifts.

The broader market sentiment, as reflected by the Fear and Greed Index, leaned toward caution and bearish expectations. The continued outflows from altcoins and the dominance of cold wallet activity underscored the preference for risk mitigation in the current climate. Whale movements and large on-chain transfers added to the uncertainty, with many investors interpreting them as signs of potential selling pressure

Bitmine’s $5 Billion ETH Treasury Cements It as Ethereum Reserve Powerhouse

Posted on by Olumide Adesina

Bitmine made a significant impact on the Ethereum market by holding the largest global Ethereum treasury, valued at $5 billion.

The company currently owns 1,150,263 ETH tokens, making it one of the top institutional holders of the cryptocurrency and the third-largest crypto treasury worldwide. This development reflects a growing trend of institutional accumulation, increasing role as a strategic reserve asset in the digital economy.

Bitmine’s Ethereum holdings increased significantly in five weeks, following a major $2 billion purchase that enabled the firm to exceed other leading competitors in Ethereum accumulation.

This rapid growth underscores the aggressive purchasing behavior of large institutional investors and their belief in Ethereum’s long-term value within the cryptocurrency landscape.

Bitmine’s actions are likely to influence market dynamics, with its substantial ETH holdings now a significant portion of the circulating supply.

Analysts suggest that such large-scale accumulation could affect Ethereum’s liquidity and short-term volatility.

However, there are no official statements from Bitmine or independent analysts regarding potential uses for its reserves, such as staking, liquidity provision, or treasury management.

The significance of Bitmine’s position is further emphasized by the fact that it now holds more Ethereum than any other non-custodial entity. This has fueled speculation about its potential role in the broader market and whether its dominance in ETH holdings might lead to increased consolidation in the crypto sector.

Bitmine attracts considerable attention from investors and market analysts for its potential impact on Ethereum’s price movements.

Meanwhile, the Ethereum network continues to evolve, with key upgrades and improvements expected to boost its scalability and efficiency. Bitmine’s large ETH holdings could give it an advantage in navigating these changes, especially as the platform shifts toward a more sustainable and high-performance infrastructure. The company’s strategic position in the Ethereum market could play a vital role in shaping future developments and institutional adoption.

Bitcoin Cools as Whales Quietly Unload Holdings

Posted on by Olumide Adesina

Bitcoin (BTC) holders have slowed their profit-taking in August as they are hesitant to sell, signaling a shift in market dynamics after a record-breaking July.

Long-term holders’ realized profits, measured over a seven-day moving average, have dropped sharply from July’s $1 billion-per-day streak, which was one of the busiest selling periods in the asset’s history, according to data from on-chain analytics platform Glassnode.

Current activity is mainly driven by long-term holders, especially those who have been holding the original cryptocurrency since the 2020–2022 cycle, unlike the profit-taking waves between November and December 2024, which were led by short-term holders who bought Bitcoin six to twelve months earlier, according to Glassnode. Although the price is still near the record high of $123,091 set a few weeks ago, investors with three to five years see gains, while others seem content to hold through the current levels.

Additionally, on-chain indicators show a change in market composition. Recent CryptoQuant data indicates that institutional whale trades have decreased since late Q2 2025, with smaller retail-sized orders now dominating most BTC futures activity.

This retail-heavy setup could allow prices to test new highs unless a new wave of large holders sells their positions. Historically, markets near their peaks dominated by heavyweight buyers have often been seen as signs of distribution phases.
Network growth is still robust in the interim. More than 364,000 new Bitcoin addresses were generated every day last week, according to a tweet earlier today from analyst Ali Martinez. According to him, it was the highest number in a year, indicating new retail involvement even as institutional flows temporarily decline.

Bitcoin was trading at around $118.5K at the time of writing,  down 2 percent from the previous day, following a brief intraday surge above $122K.

 

 

Forex Signals Brief for Aug 11: US CPI Inflation Watch and Key Earnings from SISCO, Alibaba, CRWV, Oklo

Posted on by Skerdian Meta

This week besides the Q2 earnings report from major companies, we also have the US CPI and PPI inflation reports for July, which will rattle markets. Continue reading “Forex Signals Brief for Aug 11: US CPI Inflation Watch and Key Earnings from SISCO, Alibaba, CRWV, Oklo” →

ETH on Fire: Treasury Investments Spark Ethereum-Led Crypto Boom

Posted on by Olumide Adesina

Ether outperformed its competitors, leading a significant surge in digital assets as demand increases from institutional investors and corporate treasury buyers. ETH rose by as much as 3%, surpassing $4,300 for the first time since December. In 2021, Bitcoin reached a peak of $121,000, approaching a record high.

The growing interest from large investors in Ether is driving this upward trend. This year, the nine US-listed exchange-traded funds (ETFs) for Ether have attracted inflows exceeding $6.77 billion. Additionally, digital-asset treasury companies—publicly traded entities focused on accumulating cryptocurrency—have collectively gathered around $13 billion in Ether to date.

“Strong spot exchange-traded fund inflows, growing corporate treasury adoption, and a broader stablecoin tailwind” are the main drivers of the flows into Ether over Bitcoin, according to Sean

McNulty, derivatives trading lead of APAC at digital-asset prime brokerage FalconX Ltd.

Eric Trump, the son of former US President Donald Trump, praised the Ether rally in a post on X. He has financial interests in several digital asset companies. According to a Bloomberg News report from Friday, major investors are being consulted about a plan for World Liberty Financial, the business backed by the Trump family.

The plan involves establishing a publicly traded corporation that would hold WLFI tokens.

Bullish sentiment was reflected in the ether options markets, which had an overall put-call ratio of 0.39. Deribit data indicates that the call options with a December 26 expiration have the highest concentration at $6,000

Ripple’s $3.3 billion XRP Drop Disrupts Bullish Run, Investors on Edge

Posted on by Olumide Adesina

The bulls have returned and pushed XRP above the key support-turned-resistance level, bringing it back to the $3 support mark. Several analysts and dedicated XRP bulls have made very bold predictions because, as of now, the asset is well above that level ($3.26).

However, we decided to ask Grok and Gemini, the latest versions of ChatGPT, for their opinions to get a more objective view.

ChatGPT said that XRP is currently at a “pivotal point in its 2025 price journey.” It also outlined a bearish scenario where XRP might lose some ground and undergo an extended correction, but it believes the asset has a good chance of overcoming current hurdles, especially if certain factors turn favorable.

Post-rally fatigue, considering its sharp rise since last year’s US elections, and overall market anxiety, including fallout from some of Trump’s controversial international speeches, could be contributing to this.

XRP was close to a breakout after several days of climbing, but the potential rally was halted by FUD (Fear, Uncertainty, and Doubt). Although Ripple executives tried to calm things down, their explanations weren’t enough to keep XRP’s price stable during the weekend instability. On Saturday, after Ripple decided to release one billion tokens from escrow, worry, doubt, and uncertainty spread through the XRP community.

Ripple unlocked 500 million, 100 million, and 400 million XRP tokens in three transactions worth $3.28 billion, according to Whale Alert. Previously, these tokens were held in escrow as part of a 2017 protocol designed to balance the market supply.

The transactions drew attention due to rumors that they might trigger a sell-off. As they sell XRP, they want you to buy it, wrote CFA Rajat Soni, a well-known X user. Soni’s remark suggested Ripple might be manipulating its escrow release schedule.

XRP’s price had been steadily rising, boosted by recent improvements in the long-running dispute between Ripple and the US Securities and Exchange Commission.

Ripple’s native token made history by soaring over 60% in a week and breaking through its January 2018 all-time high of $3.4 to reach a new high of $3.65. It began to retrace in the following weeks and fell toward $2.7, as expected.

Ethereum Price Forecast: ETH Eyes $5K Breakout Soon on Institutional, Whale Boost

Posted on by Skerdian Meta

Ethereum’s positive rise in 2025 has reignited confidence as price movement, policy developments, and institutional demand build the foundation for a potential historic breakout. Continue reading “Ethereum Price Forecast: ETH Eyes $5K Breakout Soon on Institutional, Whale Boost” →