Vincent Anthony Mazzotta Jr has pleaded guilty to money laundering and 
conspiracy to obstruct justice, which together carry a maximum of 15 years in 
prison.

Key player in $13M crypto Ponzi scheme pleads guilty

Bitcoin price is still holding the $117,250 support zone. BTC is consolidating 
and might attempt to clear the $118,600 resistance zone to gain bullish 
momentum. Bitcoin started a downside correction from the $120,000 zone. The 
price is trading below $118,500 and the 100 hourly Simple moving average. 
There is a bearish trend line forming with resistance at $118,600 on the 
hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start 
another increase if it clears the $118,600 resistance zone. Bitcoin Price 
Stays Above Support Bitcoin price started a fresh increase above the $118,000 
zone. BTC climbed above the $118,500 and $118,800 resistance levels to move 
into a positive zone. The bulls were able to push the price above the $119,500 
resistance. A high was formed at $119,796 and the pair is now correcting 
gains. There was a move below the 23.6% Fib retracement level of the upward 
move from the $114,733 swing low to the $119,796 high. Bitcoin is now trading 
below $118,500 and the 100 hourly Simple moving average. Immediate resistance 
on the upside is near the $118,500 level. There is also a bearish trend line 
forming with resistance at $118,600 on the hourly chart of the BTC/USD pair. 
The first key resistance is near the $119,250 level. The next resistance could 
be $119,800. A close above the $119,800 resistance might send the price 
further higher. In the stated case, the price could rise and test the $120,500 
resistance level. Any more gains might send the price toward the $122,500 
level. The main target could be $123,200. Downside Break In BTC? If Bitcoin 
fails to rise above the $118,600 resistance zone, it could start another 
decline. Immediate support is near the $117,250 level or the 50% Fib 
retracement level of the upward move from the $114,733 swing low to the 
$119,796 high. The first major support is near the $116,650 level. The next 
support is now near the $115,950 zone. Any more losses might send the price 
toward the $114,500 support in the near term. The main support sits at 
$113,500, below which BTC might continue to move down. Technical indicators: 
Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI 
(Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. 
Major Support Levels – $117,250, followed by $116,650. Major Resistance Levels 
– $118,600 and $119,800.

Bitcoin Price Holds Steady – Range-Bound Action Dominates Price Chart

A $75 million offering fuels a major leap into bitcoin and digital assets as 
Bakkt sharpens its focus on treasury growth and crypto infrastructure 
dominance. Bakkt Unveils $75M Offering to Expand Digital Asset Treasury and 
Crypto Footprint Bakkt Holdings Inc. (NYSE: BKKT) announced on July 28 the 
pricing of its underwritten public offering, revealing plans […]

Bakkt Launches $75M Offering to Fund Bitcoin Purchases and Crypto Expansion

Coinbase&#8217;s expansion into nano futures could enhance market liquidity and 
accessibility, potentially attracting more US traders to crypto derivatives.
The post Coinbase to launch nano XRP and SOL perpetual futures for US traders 
on August 18 appeared first on Crypto Briefing.

Coinbase to launch nano XRP and SOL perpetual futures for US traders on August 18

Global interest in stablecoins has hit unprecedented levels, with Google 
searches for the term “stablecoins” reaching an all-time high in July 2025. 
Related Reading: Analyst Forecasts Major Surge For Ethereum Price, Eyeing 
$4,000 In Its Best July Yet This spike follows the recent passage of the 
Guiding and Empowering Nation’s Innovation for US Stablecoins (GENIUS) Act on 
July 18, signaling a pivotal shift in regulatory clarity and institutional 
confidence in the sector. Google Data: Parabolic Growth and Market Dominance 
Data from Coingecko shows that the stablecoin market cap now stands at $272 
billion, representing roughly 7% of the total cryptocurrency market. U.S. 
dollar-pegged stablecoins account for about 98% of this total, with Tether 
maintaining its dominance at 60%. In the meantime, as stablecoin activity 
increases, the Bitcoin price trends to the upside as seen on the chart below. 
Bitcoin price trends to the upside as stablecoin activity heats up. Source: 
BTCUSD on Tradingview Bitwise Asset Management reported record-breaking 
stablecoin transactions and issuance across 2025, prompting crypto analysts to 
call the market’s trajectory “parabolic.” Ethereum-based firm SharpLink summed 
up the sentiment in a viral post: “You can’t spell ‘stablecoins’ without 
‘parabolic.'&#8221; GENIUS Act Sparks Institutional Adoption The GENIUS Act, hailed 
for providing much-needed regulatory structure, has ignited a wave of interest 
from both retail users and financial institutions. Companies like Interactive 
Brokers and Robinhood have launched or explored their own stablecoins, aiming 
to offer 24/7 funding, faster settlements, and increased user engagement. 
Nassar Al Achkar, Chief Strategy Officer at CoinW exchange, explained that 
stablecoins are emerging as a “hedge against crypto volatility” and a valuable 
tool for cross-border payments. “Institutions are entering the space not just 
for innovation, but for safer investor options,” he added. Stablecoins’ 
Speculation Set to Change to Foundation The surge in search interest, as 
measured by Google, and market activity shows a significant transformation in 
how stablecoins are perceived, from speculative digital assets to foundational 
elements in global finance. Related Reading: Bitcoin Demand Drops Among US 
Investors—Is a Price Correction Coming? While challenges remain, particularly 
around reserve backing and regulatory harmonization, the GENIUS Act appears to 
have laid the groundwork for a stablecoin-driven financial future. As adoption 
continues to rise, according to Google data, stablecoins are increasingly 
positioned beyond being crypto tools, becoming building blocks of the next 
generation financial infrastructure. Cover image from Unsplash, chart from 
Tradingview

Cryptocurrency price in SGD