The cryptocurrency market is exhibiting renewed activity after substantial Bitcoin liquidation events. Bitcoin and large investors, often referred to as 'shark' investors, are demonstrating resilience and recovering value following recent significant dips. The original content was first published on COINTURK NEWS.
Global risk sentiment and renewed US-China trade tensions have triggered a market plunge, impacting cryptocurrencies. Bitcoin's price fell significantly, now trading near $111,871 after previously testing $125K resistance. Analysts suggest that macroeconomic factors will continue to influence the market's behavior and BTC's price into the year-end, with a potential retest of the $100K support. Despite market doubts, Dogecoin continues to uphold a decade-long ascending channel, showing algorithmic and institutional trader monitoring. It is currently trading within a range of $0.19 to $0.20, with potential upside towards $0.90 if the bullish pattern sustains. Precise trendlines suggest ongoing institutional and algorithmic involvement in Dogecoin’s market. While major cryptocurrencies face challenges, MAGACOIN FINANCE is attracting attention ahead of upcoming exchange listings. Its community-driven approach, fixed supply, and transparent roadmap position it as a promising project. Analysts project a potential 50x upside as broader participation expands, fueled by whale support and early adoption.
Dogecoin's price has reached a key Imbalance Zone (IMB) around $0.24, which analysts are closely monitoring. This zone represents a potential pivot point, deciding whether DOGE rebounds to $0.27 or continues its decline. The zone has historically acted as a liquidity area where inefficiencies are often filled. A bounce from this level could signal a reversal and begin a new upward leg. Recent market activity suggests a deliberate manipulation and structural break, potentially marking the end of a corrective phase. Buyers are actively defending the $0.235 – $0.245 zone, reacting multiple times within this region. To confirm a bullish trend, DOGE needs to break short-term resistance with increasing momentum. Crypto expert Kaleo observes patterns mirroring past Bitcoin halving cycles, predicting a significant upward move for Dogecoin. Historically, DOGE has broken out from descending triangles after halving events, leading to substantial rallies. Based on this historical data, Kaleo projects a long-term price target of $6.9 for Dogecoin.
María Corina Machado, the Venezuelan opposition leader, has been awarded this year's Nobel Peace Prize. Machado has previously discussed Bitcoin, characterizing it as a form of resistance money.
Following the most significant one-day decline in cryptocurrency history, industry participants were attempting to determine the extent of the losses. The focus was on identifying which entities were left with assets that had depreciated in value following the market downturn. The event prompted a period of assessment and analysis across the entire cryptocurrency sector.
Yi Lihua, founder of Liquid Capital, recently assessed the cryptocurrency market’s recent declines on social media. He attributed the downturn to multiple contributing factors, prompting a significant decision regarding his holdings. Lihua announced his complete liquidation of all positions, a departure from his previous leveraged borrowing strategy. Lihua highlighted Bitcoin’s failure to achieve a strong breakout after reaching a peak, indicating a likely pullback. He voiced concerns about artificial inflation in US stock markets, particularly within the AI and semiconductor sectors. Lihua believes this market surge is unsustainable and resembles a “Ponzi game.” Political shifts and rising interest rate risks in Japan were identified as additional negative influences. The recent memecoin surge has reportedly drained liquidity, negatively impacting altcoins. Lihua noted the broader effect of these factors on the market’s performance.
Konstantin Galish, a cryptocurrency investor and social media personality, died in Kyiv. He was found deceased in his Lamborghini amidst a significant market downturn. Local reports suggest a possible suicide, with allegations surrounding a firearm. Galish was widely known as “Kostya Kudo” online. Galish co-founded the crypto investment firm Cryptology, overseeing approximately $65 million in assets. A portion of these funds, roughly $10 million, was reportedly managed by the Ukrainian Military Intelligence (GUR). The firm's recent token project reportedly suffered substantial losses, contributing to the overall situation. High-ranking Kyiv officials and bureaucrats reportedly invested in the fund. Galish reportedly experienced substantial losses in futures trading linked to the recent crypto market decline. This market volatility resulted in losses for investors and added to the pressure he faced. The downturn was reportedly exacerbated by Donald Trump’s tariff announcement related to China.
Cardano's price has experienced a notable decline, dropping by 20% recently. The current price level is testing the $0.66 support mark. Selling pressure is the primary driver of this downward trend. Negative funding rates are also contributing to the situation.
Deutsche Bank analysts have observed striking parallels between gold and Bitcoin, noting their strong performance this year. They highlighted that Bitcoin’s price action is mirroring that of gold, driven by investors seeking protection from macro uncertainty, a trend known as the ‘debasement trade.’ Bitcoin is increasingly being discussed as a potential reserve asset, similar to gold, and analysts predict central bank accumulation by 2030. Analysts have observed Bitcoin following gold's price movements, with BTC hitting new highs recently. This pattern suggests that Bitcoin’s value tends to increase when gold leads, and previous breakouts have been followed by parabolic rises. Predictions indicate potential for Bitcoin to reach $160,000 or even $165,000 based on this correlation. VanEck's research suggests that Bitcoin's market capitalization could reach a substantial portion of gold's, potentially reaching $644,000 after the next halving. This projection is based on gold's current $27 trillion market capitalization and Bitcoin's current $2.2 trillion valuation. Younger consumers in emerging markets are showing a growing preference for Bitcoin as a store of value compared to gold. SkyBridge CEO Anthony Scaramucci believes that a shift in asset allocation from gold to Bitcoin is likely to occur as younger generations gain more influence. This anticipated change reflects a growing acceptance and preference for Bitcoin amongst younger investors. Currently, Bitcoin is trading at around $112,500.
Following a cryptocurrency market downturn, Binance founder Changpeng Zhao (CZ) acknowledged a post from Meta Financial AI (MEFAI). This interaction sparked significant social media attention and coincided with a notable increase in the MEFAI token price. The interaction highlighted speculation surrounding Binance's role in recent market volatility. MEFAI asserted that Binance was the epicenter of the sell-off but not the instigator, promising a detailed documentation of events. Their on-chain analysis revealed no sales from wallets associated with CZ or potentially linked to him. The project refuted market speculation with evidence-based claims about the selling pressure. MEFAI suggested the involvement of certain market makers contributing to price fluctuations. These market makers reportedly profit from short-term price changes through agreements with various projects. The project emphasized the role of these agreements in creating market volatility.
A significant burn of USDe occurred, with $1.9 billion destroyed within a single 24-hour period. This rapid deleveraging event resulted in approximately 13% of the circulating USDe being removed from supply. Simultaneously, Ethereum’s funding rate became negative, indicating widespread liquidation activity.
The crypto market experienced a rapid and dramatic collapse of XRP's price, dropping nearly 70% within minutes. This "flash crash" stunned traders and sparked debate about whether it was a correction or a deliberate attack. The event saw XRP plummet from approximately $2.65 to as low as $0.78 on Binance, significantly more than Bitcoin or Ethereum’s declines. Crypto analyst Egrag Crypto suggests the crash was a targeted liquidation designed to eliminate leveraged XRP long positions. His analysis points to Binance's trading activity as particularly suspicious, noting a dramatic price drop on that exchange. Data indicates large wallet addresses linked to institutional trading desks moved significant volumes to exchanges before the price drop. Egrag had previously identified downside targets for XRP, all of which were met during the crash. While those following his technical projections without leverage could survive, leveraged traders faced devastating liquidations. The analyst describes the event as a "reset," clearing out weaker positions before a potential price recovery.
Significant payouts are expected from collaborations involving AI and High-Performance Computing (HPC). However, substantial investments are required for data center expansion, exemplified by Bitcoin miners seeking billions in debt financing. Companies like HIVE Digital are acquiring data centers to support HPC operations, utilizing a combination of cash and stock. The timeline for these investments to translate into profits remains uncertain, mirroring concerns surrounding AI companies. Bitcoin miners face pressure to achieve rapid profitability due to the time-sensitive nature of their operations. A single data center supporting AI workloads can demand hundreds of millions of dollars. Bitcoin miners possess a structural advantage when shifting to AI support. They already have land, permits, and grid connections, enabling faster conversions compared to building new facilities. This existing infrastructure accelerates the transition to AI capabilities.
Coinbase has introduced a new credit card in collaboration with American Express. The card provides eligible members with up to 4% cashback, which is paid in Bitcoin. A notable feature of the card is the inclusion of data from the Bitcoin Genesis Block.
Ether experienced a significant price drop during Friday’s liquidation event, reaching approximately $3,510. The price subsequently recovered, rising above $3,800. The rebound was influenced by the 200-day Exponential Moving Average (EMA). The current market outlook for Ethereum is mixed.
Ethana’s USDe stablecoin briefly lost its dollar peg during a market downturn triggered by new tariffs on China. The price dropped to 65 cents on Binance before recovering, coinciding with over $19 billion in liquidations—a significant event in the crypto market. USDe offers a 5.5% yield and utilizes a basis trade strategy. Investors sought safe havens like gold and U.S. Treasuries following the announcement. Less actively traded tokens experienced less severe drops, while some lending protocols shielded themselves through hardcoded pricing. Exchanges like Binance helped to mark the price closer to real-time values. Ethena Labs confirmed USDe remains over-collateralized and mint/redeem functionality remained operational. Liquidations impacted perpetual contract pricing and resulted in unexpected profit/loss within the protocol. Binance is reviewing affected accounts and considering compensation. Ethena’s governance token, ENA, experienced a substantial decline, falling as much as 40% during the slide. The token has since partially recovered but remains down nearly 25% in the past 24 hours. The impact of liquidations continues to be assessed by the project.
Coinbase is set to release a new American Express credit card in the U.S. this fall, designed specifically for bitcoin enthusiasts. The card incorporates symbolism related to Bitcoin's origin story, setting it apart from other crypto-linked cards. It aims to appeal to a dedicated audience valuing Bitcoin’s philosophical underpinnings. The card’s design includes data from the Genesis Block, Bitcoin's first block, and a message referencing a 2008 Times newspaper headline. This incorporation of hexadecimal code highlights Bitcoin’s founding and serves as a critique of traditional financial systems. The name "Coinbase" itself refers to the first transaction in a new block, linking the card to Bitcoin’s core function. Exclusively for Coinbase One subscribers, the card offers up to 4% cashback in bitcoin based on asset holdings. It features no foreign transaction fees and offers standard American Express perks. Coinbase intends to attract users who view Bitcoin as a philosophy rooted in financial sovereignty and resistance to centralized control.
Several altcoins experienced substantial declines, with some losing over 95% of their value. Friday’s market downturn resulted in the most severe and rapid liquidations ever recorded within the cryptocurrency industry.
Roger Ver, known as "Bitcoin Jesus," has reached a $48 million settlement with the U.S. Department of Justice to resolve criminal tax fraud charges. The agreement involves a deferred prosecution, meaning charges will be dropped if he complies with the DOJ's conditions. He is required to pay $48 million to the government as part of the resolution. The specifics of the agreement have not yet been formally filed in court. Ver was accused of tax evasion and fraud related to failing to pay taxes on his digital currency holdings. He renounced his U.S. citizenship in 2014 and was arrested in Spain following an extradition request. During the legal proceedings, Ver sought assistance from individuals with ties to former President Donald Trump. Ver reportedly paid Roger Stone $600,000 to help challenge the tax charges and also engaged other lawyers and a lobbying firm connected to Trump. He publicly requested presidential intervention, claiming he was being targeted for his political beliefs and cryptocurrency advocacy. This came amid a shift in the U.S. government's stance on cryptocurrency since Trump's return to office. The U.S. government has eased enforcement and dropped several lawsuits against cryptocurrency firms. Trump has also issued pardons and clemency requests related to cryptocurrency-related offenses, including those involving Silk Road and BitMEX. Binance founder Changpeng Zhao is also seeking clemency.
A significant $1.65 trillion market-wide sell-off occurred on Friday, substantially affecting bitcoin mining equities. This event resulted in a loss of tens of millions of dollars for the top 20 publicly traded firms in the sector. The downturn mirrored broader equity losses within U.S. stock markets. This situation underscores the increasing vulnerability of the crypto mining sector to macroeconomic pressures and changes in investor sentiment.
The Renzo (REZ) community introduced governance proposal RP6, suggesting a buyback and burning of 10% of the total REZ token supply. Protocol revenues will fund this plan, which is scheduled for phased implementation over six months. The proposal allocates 75% to 100% of Renzo protocol revenues to buybacks. Of the 10% supply reduction, 9% will be burned, while 1% will be distributed as rewards for ezREZ stakers. The initiative began with an initial burn of 1% of the total supply, representing about 2.3% of the circulating supply. This first burn, generated in Q3 2025, contributes to the overall target. The proposal was posted on the Renzo administration forum for community review. REZ is currently trading at $0.01018, a 29.45% decrease. The token's value is down 96.14% from its peak of $0.2638, achieved on April 30, 2024.
A Dogecoin investor who has held tokens since 2018 recently moved a significant amount of their holdings. This move is attracting attention as reports suggest the funds are being directed towards a new meme coin. This reallocation from a long-held Dogecoin position is fueling speculation and FOMO within the crypto community. The shift may indicate a preference for newer meme coins with potential for greater upside. Little Pepe (LILPEPE) is a meme coin that has gained prominence, currently in Stage 13 of its presale at $0.0022. The project has already raised over $26 million and boasts features like zero tax transfers, staking, and DAO governance. Data suggests that LILPEPE has surpassed established coins like DOGE, SHIB, and PEPE in searches related to memecoins. The team is also running promotions, including a $777,000 giveaway. Early backers of LILPEPE have already seen gains of roughly 120%, with the potential for an additional 36.36% if the coin lists publicly at $0.0030. This situation highlights a possible shift towards meme coins that combine culture with infrastructure and offer a structured risk-return profile. It’s a development many meme speculators are closely observing.
Value is appearing for Bristol Myers Squibb due to current market distress. Johnson & Johnson represents a safe investment, although its price is quietly rising to a level that may be considered overpriced. The acquisition of Akero Therapeutics by Novo Nordisk highlights unprecedented MASH data, particularly in relation to EFX. Johnson & Johnson is advising shareholders to decline a 'mini-tender' offer from Tutanota. China is investigating Qualcomm. Apple is facing a lawsuit concerning artificial intelligence and rare earth materials.
A long-time Dogecoin investor recently liquidated a significant portion of their holdings, shifting funds into the emerging meme token, Little Pepe (LILPEPE). This represents a notable change in investment strategy, indicating a potential shift toward newer digital assets. The decision highlights the evolving dynamics within the cryptocurrency market. Little Pepe (LILPEPE) is gaining traction with innovative features like zero tax transfers and a meme launchpad. The token's presale success and potential market entry price suggest substantial gains for early investors. Community engagement initiatives, including a substantial giveaway and prize pool, further drive its popularity. The move from Dogecoin to Little Pepe may reflect a larger trend of investors seeking a combination of novelty and technical advancements. Seasoned investors are increasingly focused on coins exhibiting strong community support and unique features. Analyzing market trends is crucial for informed cryptocurrency investment decisions. Little Pepe is aiming to establish a strong presence within the crypto market. Interested parties can find additional details on the official website and whitepaper. Engagement can be found on Telegram and Twitter/X.
