Grayscale&#8217;s challenge to the SEC&#8217;s stay highlights ongoing regulatory tensions, potentially impacting future crypto fund approvals and market dynamics. The post Grayscale challenges SEC stay on approval of BTC, ETH, XRP, ADA large-cap fund appeared first on Crypto Briefing.

Grayscale challenges SEC stay on approval of BTC, ETH, XRP, ADA large-cap fund

The S&amp;P 500 Index has staged a remarkable turnaround since April, but its 
performance still lags considerably behind BTC.

S&P 500 Index soars to record but drops in Bitcoin terms

Solana’s memecoin race gets a shakeup as LetsBonk overtakes Pump.fun in daily 
revenue, while TradFi and DeFi move closer to convergence.

LetsBonk stuns Solana memecoin launchpad rankings: Finance Redefined

Shiba Inu (SHIB) might be on the verge of a powerful rally, according to 
crypto analyst MasterAnanda, who believes the popular meme coin could climb 
more than 1,500% in this cycle. The analyst predicts SHIB may cancel another 
zero and reach a new all-time high if a few key levels are cleared. Related 
Reading: Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape 
Signs Of A Possible Reversal SHIB has been stuck in a downtrend since March 
2024. It peaked at $0.000045 before sliding back to close that month at 
$0.000030. Since then, the coin has moved within a descending triangle 
pattern, bouncing around the base while facing strong bearish pressure. 
However, something may be changing. SHIB has just printed a fully green weekly 
candle and gained 15% over the past seven days. According to analysts, this is 
one of the most bullish weekly moves since early May, when the token jumped 
25%. Despite the optimism, SHIB remains below its 200-day moving average, 
which sits at $0.000016. That&#8217;s around 19% higher than its current price of 
$0.000013. Analysts see this as a critical level the token must beat to 
confirm a long-term bullish trend. Bullish Price Targets Appear On The Chart 
MasterAnanda believes SHIB will break above the triangle and make a run toward 
$0.000032, aligning with the 0.50 Fibonacci retracement level. If that plays 
out, the analyst sees a further move to $0.000067, then to $0.00010, which 
would represent a new all-time high. From there, two more possible targets 
have emerged using Fibonacci extensions: $0.00017 and $0.00022. Those would 
mark gains of 1,180% and 1,529%, respectively. While ambitious, other analysts 
have also supported a similar price path based on the same descending triangle 
breakout. Shiba Inu Sentiment Mixed As Greed Index Climbs Although bullish 
targets are grabbing headlines, market sentiment is still uncertain. Based on 
recent data, SHIB recorded green days on just 13 out of the last 30, and 
showed 4.25% price volatility. The current reading for sentiment is &#8220;Neutral&#8221; 
and the Fear &amp; Greed Index stands at 69, which is in the &#8220;Greed&#8221; category. 
Price prediction tools indicate that SHIB could increase 27% to August 10, 
2025, at about $0.000017. That will bring it nearer to its MA-200, but still 
far from the lofty targets being predicted by some analysts. Related Reading: 
Ethereum Back At Range Highs: Breakout Above $2,800 Could Ignite Altseason 
SHIB holders are now waiting to see what&#8217;s next. Will the triangle breakout 
occur in a hurry, or will resistance levels hold the token below major 
technicals? The coming weeks may provide the answers. Featured image from 
Meta, chart from TradingView

Analyst Sounds The Alarm: Shiba Inu Primed For Over 1,500% Breakout

Coinbase&#8217;s strategic social media engagement could enhance crypto market 
dynamics, influencing token valuations and investor sentiment.
The post PENGU token pumps after Coinbase updates X profile with Pudgy 
Penguins&#8217; NFT appeared first on Crypto Briefing.

PENGU token pumps after Coinbase updates X profile with Pudgy Penguins’ NFT

ETH, HYPE, UNI and SEI rallied toward new highs as Bitcoin pushed above 
$118,000.