The incident highlights the volatility and susceptibility of crypto markets to misinformation, impacting investor trust and market stability. The post FTT rockets 43% on false report that Trump has pardoned Sam Bankman- Fried appeared first on Crypto Briefing.

FTT rockets 43% on false report that Trump has pardoned Sam Bankman-Fried

Block Inc. (NYSE: XYZ) will join the S&amp;P 500 index effective before the market 
opens on Wednesday, July 23, 2025. This development underscores Block&#8217;s 
growing influence in the financial sector and its commitment to integrating 
cryptocurrency into mainstream finance. Block Inc., formerly known as Square, 
was co-founded by Jack Dorsey in 2009 as a financial […]

Jack Dorsey’s Block Set to Join S&P 500

Ethereum is holding firm above the $3,500 level, a key support reclaimed last 
Friday, signaling renewed strength in the market. After surging over 70% since 
late June, ETH appears to have entered a new bullish phase driven by rising 
demand and institutional interest. The momentum has shifted clearly in favor 
of the bulls, with technical structure and price action aligning to support 
further upside. Related Reading: Bitcoin Miner Sales Surge To Highest Level 
Since April – Details Adding to the bullish outlook, CryptoQuant data shows 
that Ethereum open interest has reached an all-time high, pointing to growing 
trader activity and rising capital in ETH derivatives markets. This surge in 
open interest often precedes large price movements, suggesting that Ethereum 
could see heightened volatility and expansion in the coming days. The 
combination of sustained price levels, strong trend continuation, and 
increasing participation sets the stage for a potentially explosive move. If 
bulls can maintain control above $3,500, Ethereum could be gearing up for a 
fresh leg higher in the short term. As the market awaits confirmation, all 
eyes are on ETH to see whether this momentum can drive it toward new 2025 
highs. The coming week could prove pivotal for Ethereum’s medium-term trend. 
Ethereum Open Interest Hits Record ATH Ethereum’s market setup continues to 
strengthen, with open interest in ETH derivatives reaching a new all-time high 
of $50 billion, according to CryptoQuant data shared by analyst Ted Pillows. 
“Buckle up and enjoy the Ethereum ride,” Pillows stated, highlighting the 
elevated volatility ahead as a potential springboard for aggressive price 
action. This level of open interest is historically significant and often 
signals that large players are positioning for a major move. Such a dramatic 
increase in capital committed to ETH futures and options suggests rising 
investor confidence and heightened anticipation of directional momentum. While 
high open interest can lead to either a sharp rally or a correction, current 
on-chain and macro fundamentals indicate that the market may be leaning 
bullish. Ethereum’s network growth remains steady, with rising active 
addresses, validator participation, and increased activity on Layer 2s. More 
importantly, the recent passage of the GENIUS Act in the US provides legal 
clarity for stablecoins and lays the foundation for broader crypto regulation, 
benefiting Ethereum directly as the base layer for DeFi and real-world asset 
tokenization. Related Reading: Coinbase Premium Signals Aggressive Ethereum 
Accumulation: Institutional Demand Accelerates ETH Breaks Out With Eyes On Key 
Resistance Ethereum (ETH) has confirmed a powerful breakout above the 
psychological $3,500 level, closing at $3,588.26 on the 3-day chart. The move 
follows a strong rally from late June lows, with the price now up over 70% in 
less than a month. Importantly, ETH has broken past all major moving averages, 
including the 50, 100, and 200 SMAs, signaling a shift toward bullish momentum 
across longer timeframes. Volume has increased significantly during this 
breakout, reinforcing the strength of the move. The next major resistance lies 
at $3,742.95, a level that previously acted as a local top earlier in the 
year. A successful close above this mark could open the door for a retest of 
the $4,000–$4,200 range. Related Reading: Satoshi-Era Bitcoin Now For Sale: 
Galaxy Digital Sends 1,500 BTC To Binance On the downside, $2,852.16 now 
serves as a key support level. This level marked previous consolidation and 
breakout, aligning with the confluence of former resistance and the 200-day 
moving average. Holding above this zone is critical to maintain the current 
bullish structure. Featured image from Dall-E, chart from TradingView

Ethereum Open Interest Hits Record $50 Billion – Volatility Incoming?

Cardano founder Charles Hoskinson says he will read the full audit report over 
a livestream when it is released next month.

Charles Hoskinson says audit report ‘shaping up’ for August release

Although blockchain technology has made considerable strides, bringing these 
innovations into traditional finance remains a complex endeavor. According to 
Howard Wu regulatory ambiguity was historically the biggest obstacle but now 
the focus has shifted toward the equally demanding task of implementation. 
From Regulatory Clarity to Implementation Complexities Despite rapid technical 
advancements in the blockchain space, […]

Privacy as Policy: Aleo Protocol Founder Proposes ZKPs as RegTech Game-Changer

Chainlink is entering a pivotal moment in its market cycle, with bullish 
sentiment returning after a prolonged period of underperformance. Since late 
June, LINK has surged over 70%, marking its strongest rally in months and 
reigniting investor confidence. The price action signals that this could be 
more than just a relief bounce—it may be the start of a broader recovery 
trend. Related Reading: Bitcoin Miner Sales Surge To Highest Level Since April 
– Details Market participants are paying close attention, especially as fresh 
on-chain data from Santiment reveals a surge in whale accumulation. Addresses 
holding large amounts of LINK have been steadily increasing their positions, a 
trend often associated with confidence in further upside. This accumulation, 
paired with strengthening technicals, suggests that the market may have 
finally established a local bottom. Chainlink’s price breakout is also 
occurring within the broader context of an altcoin resurgence, as Ethereum 
reclaims critical levels and overall sentiment shifts toward risk-on behavior. 
For Chainlink holders and observers alike, the next few weeks will be crucial. 
Whale Accumulation, Regulatory Clarity Signal Bullish Path For Chainlink 
Chainlink appears to be gearing up for a potential breakout as strong 
fundamentals align with renewed bullish sentiment. According to top crypto 
analyst Ali Martinez, on-chain data shows that whales have accumulated over 8 
million LINK tokens in the past month. This buying spree suggests that large 
holders are positioning themselves for a significant upside move, reinforcing 
the view that Chainlink may be entering the early stages of a bullish 
continuation. Since February, LINK has experienced a deep and often volatile 
consolidation phase. Despite moments of upward momentum, the token struggled 
to break above key resistance levels—until now. The latest rally, coupled with 
visible whale accumulation, indicates that the consolidation could be ending, 
opening the door for a new leg higher. If momentum holds, Chainlink could 
begin targeting higher supply zones last tested during the late 2024 rallies. 
Adding to the bullish outlook, recent developments on the regulatory front 
could provide long-term tailwinds. The passage of the GENIUS Act and Clarity 
Act in the US Congress has created a more favorable environment for blockchain 
projects with real-world utility. Related Reading: Satoshi-Era Bitcoin Now For 
Sale: Galaxy Digital Sends 1,500 BTC To Binance Bulls Reclaim $18: Momentum 
Builds After Breakout Chainlink (LINK) has surged past the $18 mark, closing 
at $18.45 after gaining 3.48% on the day. The recent breakout comes as LINK 
extends a strong uptrend that began in late June, with price climbing nearly 
70% from its local bottom. On the daily chart, LINK has decisively broken 
through key moving averages: the 50-day ($14.07), 100-day ($14.42), and 
200-day ($16.21), signaling a strong shift in momentum. This breakout is 
significant, as the $16–$17 range had acted as a key resistance zone for 
several months. The latest candle shows a clean push above this range with 
little wick on the top, reflecting bullish conviction. Technically, the move 
suggests that bulls are in control and the path to higher levels—possibly 
towards $20–$22—may be open if volume and buying pressure continue. Related 
Reading: Coinbase Premium Signals Aggressive Ethereum Accumulation: 
Institutional Demand Accelerates LINK’s ability to reclaim and hold above the 
200-day moving average after a prolonged period of sideways consolidation adds 
further strength to the bullish narrative. While short-term pullbacks may 
occur, the current structure points to a market that has absorbed prior 
selling pressure and is now trending with strength. Continuation above $18.50 
could set the stage for a broader recovery in the altcoin market. Featured 
image from Dall-E, chart from TradingView