Bitcoin holds firm above $115,000 as resilient buyers absorb sell pressure, setting the stage for a potential breakout to new highs.

Bitcoin liquidity wars carry on, but BTC price target remains $140K

Spot Ethereum ETFs notch $533 million in daily inflows, pushing all-time 
inflows to $8.3 billion amid rising institutional demand.

Spot Ether ETFs attract $533M, extend 13-day inflow streak to over $4B

Ethereum’s recent price rally appears to be losing momentum just as Spot 
Ethereum exchange-traded funds record strong inflows. Spot Ethereum ETFs 
registered a $533.87 million net inflow on July 22, the third-largest single- 
day inflow since their launch, according to SoSoValue…

Spot Ethereum ETFs post third-largest inflows since debut as ETH enters overbought zone

The FBI has officially dropped its investigation into Kraken founder Jesse 
Powell and returned dozens of seized devices, including laptops and 
cellphones, according to Fortune. The investigation, which stemmed from a 
management dispute with a non-profit organization Powell founded, had no 
connection to his operations at the cryptocurrency exchange. Powell expressed 
relief over the conclusion […]

FBI Drops Investigation of Kraken Founder Jesse Powell

Citigroup claims to be exploring stablecoin adoption amidst accelerated 
regulations in the United States and Hong Kong to accommodate. How far are 
they willing to dive? Major financial institutions are now seeking 
opportunities to benefit from the current stablecoin wave…

Is Citigroup eyeing stablecoin issuance? Here’s what we know

The Solana price has slowly crept up over the last few weeks, moving from a 
low of $127 back in June to now trading over $200 at the time of this report. 
This surge has been propelled forward by the emergence of new runners on the 
blockchain such as the likes of USELESS, moving SOL toward the coveted $200 
market. However, questions abound as to how long this rally could be sustained 
and if a bearish scenario could see it crashing back downward. Solana Price 
Faces Pressure From Bears Despite bullishness being the order of the day, a 
crypto analyst has sounded the alarm of bearish pressure mounting for Solana. 
In the analysis, they explain that the rally that pushed the digital asset 
over the $190 mark recently was actually a textbook fakeout. Related Reading: 
XRP Transactions Barrels Over $1 Billion To Monthly Highs, Are Whales Driving 
The Next Leg? This rally had taken the Solana price above the resistance that 
had been mounting at $170, clearing a path for the rally to $200. This has 
allowed for a liquidity sweep at these high levels. But now there is a 
roadblock for the altcoin that could send it back down. The crypto analyst 
explains that the Solana price is still trading inside the ascending channel 
despite the rally. Thus, this means that the breakout failed at the time. Such 
failure suggests that there is not enough strength propping up the price, 
leaving it vulnerable to bears. Two likely bearish scenarios were presented by 
the analyst in response to this. The first was that there would be a direct 
drop into the maximum pain level (MPL), which lies around $162.30, making it 
the key downside target. But with the price already breaking above $190, this 
is unlikely. The second and most likely scenario is the move up to retest 
highs before a drop. It could also alternatively form a lower high before 
dropping, leading to a steep decline. Regardless, both roads lead to the same 
destination, and that is the fact that the price drops toward the MPL level. 
Related Reading: Dogecoin Price Breaks Above $0.26 In Weekend Rally As Pundit 
Predicts 2,600% Surge SOL Open Interest Hits Record Levels The surge in the 
price has triggered a rapid increase in interest in Solana, and this has seen 
the open interest for the altcoin hit new all-time highs. The open interest is 
the total sum of short and long positions open for an asset, and according to 
data from the Coinglass website, the Solana open interest has now crossed 
$10.96 billion to surpass its previous high of $8.79 billion. Interestingly, 
though, the Solana price is still much lower compared to where it was the last 
time open interest hit new highs. This could suggest that there could be some 
steam left before the SOL price begins to slow down again. Featured image from 
Adobe Stock, chart from TradingView.com