Crypto Market Cap Halts at $3.7T as Traders Rotate Out, Institutions Double Down on $BTC ,$ETH “Bitcoin was again approaching its 50-day moving average. Such frequent testing of the medium-term trend signal line indicates accumulated fatigue in the first cryptocurrency,” one analyst said. BY SHAURYA MALWA|EDITED BY PARIKSHIT MISHRA
1.The crypto market remains stable within a $3.6–$3.8 trillion range as traders shift focus to micro-cap tokens.
2.Bitcoin's frequent testing of its 50-day moving average indicates market fatigue, despite institutional accumulation.
3.Stablecoin market cap continues to grow, with Ethena’s USDe becoming the third-largest stablecoin by market cap.
Public Companies Increasing Solana Holdings for Staking Rewards
$SOL $SOL Public Companies Increasing Solana Holdings for Staking Rewards Several public companies are acquiring Solana to benefit from its staking rewards. Recently, Bit Mining announced its first purchase of 27,191 $SOL for $4.5 million and is launching a validator to earn staking yields. Upexi, a supply chain management firm, has significantly increased its Solana holdings from 735,692 to over 2 million tokens in July. DeFi Development Corp. also expanded its crypto portfolio, acquiring an additional 110,466 SOL, bringing its total to over 1.2 million. According to CoinGecko, these acquisitions reflect a rising trend among public firms to invest in Solana, with the top four companies holding over 3.5 million tokens valued at more than $591.1 million. Upexi's CEO noted that July was transformative for the company, raising over $200 million for further SOL purchases. Bit Mining's chairman emphasized their commitment to building infrastructure within the Solana ecosystem. As more companies integrate Solana into their treasuries, the trend signals a shift in corporate treasury strategies towards digital assets.
La Casa Bianca sta redigendo un ordine esecutivo per multare le banche che abbandonano i clienti per motivi politici, concentrandosi su presunti pregiudizi contro i conservatori e le aziende crypto. I regolatori saranno incaricati di indagare su potenziali violazioni delle leggi sul credito, antitrust e protezione dei consumatori.#BTCUnbound #BinanceHODLerTOWNS #FedGovernorVacancy