Brian Armstrong and Tyler Winklevoss say that Bitcoin is a clear “successor to gold,” making it most suitable for inclusion as a US reserve asset.

Coinbase, Gemini CEO throws support behind Bitcoin-only US crypto reserve

The Coinbase executive says he is “speculating on straws,” but if it is true, 
it would be “by far the largest heist in human history.”

‘Small possibility’ $8.6B Bitcoin transfer was due to hack: Coinbase exec

As the market sees a Friday retrace, Bitcoin (BTC) is attempting to reclaim a 
crucial area as support. An analyst suggests that the flagship crypto’s daily 
close could set the stage for a bullish end of the week despite potential 
volatility. Related Reading: SUI Prepares For Bullish Flag Breakout Amid $3 
Reclaim – Analyst Doubles The Target Bitcoin Breakout To Come ‘Sooner Or 
Later’ At the start of the new quarter, Bitcoin has retested crucial levels, 
touching the $105,000 support and $110,000 resistance over the past four days. 
Amid its Tuesday pullback, the flagship crypto fell to a two-week low but 
managed to bounce from a crucial range. Analyst Sjuul from AltCryptoGems 
previously noted that BTC needed a strong rebound from the “most important” 
support and resistance area, between the $104,000 and $106,000 price levels, 
explaining that failing to hold this range would open the door for a drop to 
the range lows around $101,000. On Friday, the analyst highlighted Bitcoin’s 
price action after holding the key levels, which “provided the perfect entry 
for a bounce, just as expected.” Following this performance, he asserted that 
Bitcoin is expanding on its two-month Power of Three (Po3) setup, signaling 
that potential further expansion is ahead. Nonetheless, he pointed out that 
the flagship crypto is still trading in a two-month range, suggesting a 
volatile price action until the price successfully breaks out, which it has 
attempted to do earlier this week. “Since we are in a range, we are forced to 
respect the key levels of the range: high, mid, and low,” Sjuul detailed, 
adding that all eyes are currently on the mid-range, where bulls must step in 
to confirm the bullish move to the range high. Based on this, the analyst 
forecasted another move above the $110,00 mark, where “we have left a lot of 
unfinished business” and “plenty of liquidity lies.” He pointed to a huge 
cluster near the $111,000 area in BTC’s Liquidity Heatmap, affirming that 
“price is attracted by liquidity, so I am expecting that level to be visited 
sooner or later.” BTC Eyes Pivotal Closes After being rejected from the 
$108,000 at the start of the week, analyst Rekt Capital noted that Bitcoin 
broke out of two 2-week downtrends in the past 40 days but was rejected from 
the crucial 6-week diagonal downtrend, around the $108,000 mark, during the 
same timeframe. This week, BTC closed above this resistance twice, and daily 
closed above the $109,000 mark on Thursday. However, Friday’s pullback saw 
Bitcoin drop below the crucial level, falling to the $107,245 area. The 
analyst considers that a key retest of the pattern is in progress. He 
previously explained that any dipping into the top of Bitcoin’s pattern could 
“technically be considered additional retesting to further solidify the 
recently broken black diagonal resistance into new support.” Nonetheless, BTC 
must close today above the diagonal resistance for a successful retest. 
“Bitcoin is losing the diagonal for the moment. But if price Daily Closes 
above the diagonal, then this will have ended as a downside wick as part of a 
volatile retest. Upcoming Daily Close will be pivotal,” he stated. Related 
Reading: Ethereum Eyes Key Resistance As Price Reclaims $2,550 – Here Are The 
Levels To Watch Meanwhile, Bitcoin is also on the cusp of making history as 
its price nears the “final major Weekly resistance” around the $109,000. Rekt 
Capital detailed that if BTC closes above this level, it would confirm a break 
from this major resistance, which would likely unlock a new all-time high 
(ATH). He concluded that, with the recent weekend volatility, “we won&#8217;t know 
until the very last moment heading into the new Weekly Close whether this 
level has been flipped into support or not.” Featured Image from Unsplash.com, 
Chart from TradingView.com

Bitcoin Near Historic Weekly Close Despite Drop – Analyst Warns Of Volatile Weekend

On-chain data shows Shiba Inu (SHIB) has its supply more concentrated on the 
largest holders than other assets like Ethereum (ETH) and Pepe (PEPE). Shiba 
Inu Has 62% Of Its Supply Controlled By Top 10 Whales In a new post on X, the 
on-chain analytics firm Santiment has shared how some top coins currently 
compare against each other in terms of the percentage of supply held by the 
ten largest wallets on the respective networks. Below is a chart showing the 
trend in this metric for eight cryptocurrencies: Shiba Inu, Ethereum, Pepe, 
USDT, USDC, DAI, Chainlink (LINK), and Uniswap (UNI). As is visible in the 
graph, the stablecoin USDC has the lowest amount of supply concentrated on the 
top 10 addresses among these assets at around 27%. Chainlink and DAI come 
close with the metric sitting at 32% and 33%, respectively. Others like 
Uniswap and Ethereum, however, have a more significant part of their supply 
under the control of these humongous entities: 51% and 49%, respectively. One 
asset that particularly stands out is Shiba Inu, with a massive 62% of its 
supply belonging to the ten largest whales on the network. For comparison, the 
other memecoin on the list, Pepe, has the same metric at 39%. Generally, the 
centralization of supply on just a few hands isn&#8217;t a constructive sign for any 
cryptocurrency&#8217;s stability, as tokens signify power on the network. It&#8217;s 
especially relevant in the case of a proof-of-stake (PoS) asset like Ethereum. 
As Santiment explains, As a retail trader, it&#8217;s generally safer to hold coins 
with less supply held by the most elite whales. There is less risk of sudden 
dumps or price manipulation should an asset&#8217;s largest whales decide to exit 
their positions. Given this, the assets like Ethereum, Uniswap, and Shiba Inu 
that currently have a majority of their supply or close to it in the hands of 
the top 10 whales may not be in the best position right now. In some other 
news, the cryptocurrency market sentiment is on the verge of extreme greed, 
according to the Fear &amp; Greed Index. The Fear &amp; Greed Index is an indicator 
created by Alternative that inputs a few different factors to determine the 
investor mentality as a score lying between zero and hundred. As displayed 
above, the cryptocurrency Fear &amp; Greed has a value of 73 at the moment. This 
corresponds to the presence of a strong sentiment of greed present among the 
traders. Historically, markets have often moved in the direction that goes 
contrary to the expectations of the crowd. The probability of a contrary move 
is especially strong in the extreme ends of the index. For now, the market is 
still outside of the extreme greed zone, but only by a couple of units. SHIB 
Price At the time of writing, Shiba Inu is trading around $0.0000115, up over 
3% in the last seven days. Featured image from Dall-E, Alternative.me, chart 
from TradingView.com

Shiba Inu Supply Most Centralized Among Top Coins—62% Held By Just 10 Whales

The Trump-linked World Liberty Financial has proposed making its WLFI token 
tradable to enhance community participation and access. Approval of the 
Proposal Would Make WLFI Transferable World Liberty Financial, the 
decentralized finance (DeFi) company associated with the Trump family, has 
officially floated a proposal to make its WLFI token tradable. The DeFi 
company asserts that […]

WLFI Token Could Soon Be Tradable—Early Supporters Set for Partial Unlock

Ethereum (ETH) is up 4.2% over the past seven days, trading in the mid-$2,500 
range at the time of writing. Although the digital asset remains down 19% on a 
year-over-year (YoY) basis, some analysts are optimistic that it’s ready for a 
liftoff. Ethereum Enters Wyckoff ‘Liftoff’ Phase In an X post published today, 
crypto trader Merlijn The Trader noted that Ethereum appears to be following 
the Wyckoff Accumulation pattern and has successfully cleared both the ‘creek’ 
and ‘spring’ phases, potentially entering the ‘liftoff’ phase characterized by 
parabolic price action. Related Reading: Ethereum Breakout Imminent? 
Broadening Wedge Hints At $4,200 Surge In the Wyckoff accumulation pattern, 
the ‘creek’ represents overhead resistance where price struggles to break 
higher, while the ‘spring’ is a false breakdown below support, meant to trap 
bears and confirm strong hands. The ‘liftoff’ phase follows the spring, marked 
by a sharp recovery and breakout above resistance, signaling the start of a 
new bullish trend. The analyst shared the following Ethereum daily chart, 
which shows the cryptocurrency on the verge of a potential breakout, with its 
next major resistance at the $3,700 level. A successful breakout and retest of 
this level could set the stage for a new all-time high (ATH). Fellow crypto 
analyst Crypto GEMs also pointed toward Ethereum getting ready for a 
significant move to the upside. The analyst shared the following chart which 
compares ETH’s price action in 2025 to that in 2024. If Ethereum mirrors its 
2024 performance, it could break above the $3,000 mark in the near term. 
However, not all analysts share this bullish outlook. For instance, noted 
crypto analyst Carl Moon shared a four-hour Ethereum chart showing the asset 
trading within a rising wedge pattern. He cautioned that unless ETH breaks out 
of this formation, it may face a drop to $2,200. To explain, a rising wedge 
pattern is a bearish chart formation where price moves upward within 
converging trendlines, indicating weakening bullish momentum. It often signals 
an upcoming breakdown, as buyers lose control and sellers push the price lower 
after the wedge is breached. ETH Network Sees Renewed Activity In a separate X 
post, crypto analyst CryptoGoos remarked that daily transactions on Ethereum 
are nearing ATH level for the first time since 2021. Typically, heightened 
network activity tends to precede major price movements. Analyst Crypto Rover 
echoed this view, noting that active addresses across the Ethereum network 
have hit a new all-time high. They added that ETH below $3,000 is &#8220;an absolute 
steal.&#8221; Related Reading: Ethereum Flashes Golden Cross On Daily Chart – Is A 
New ATH Within Reach? Meanwhile, Ethereum liquid staking is also inching 
toward historic levels, with 35.5 million ETH now locked. At press time, ETH 
trades at $2,522, down 3.8% in the past 24 hours. Featured image from 
Unsplash, charts from X and TradingView.com