SharpLink just upped the ante in the battle for Ethereum’s future by bringing in Joseph Chalom, the architect behind BlackRock’s $10B Ether ETF.

SharpLink taps BlackRock’s crypto architect as ETH arms race heats up

A $1-million Bitcoin would upend global finance, reshaping wealth, inflation, 
energy markets and the very role of fiat currencies.

What happens if Bitcoin reaches $1 million?

The closely watched Altcoin Season Index has jumped to 55, a trend that may 
continue this year. Such a move would lead to more gains among most altcoins.

Pi Coin charts bullish path back to $2.98 as bulls see sweet reversal ahead

The Shiba Inu price is back in the spotlight after a massive Coinbase transfer 
of 5 trillion SHIB shakes the broader market and sparks speculation across the 
crypto community. With uncertainty surrounding the intent of the large-scale 
SHIB transfer, the transaction has drawn significant attention and comments 
from crypto watchers, especially as it comes on the heels of a recent crash in 
the meme coin’s price. Related Reading: The US Is A Bitcoin Whale—Arkham 
Clarifies BTC Holdings After Brief Panic Whale Moves Fuel Shiba Inu Price 
Speculation A new report from Whale Alert on X social media has confirmed a 
jaw-dropping transfer of 5 trillion SHIB, worth approximately $69.98 million 
from crypto exchange Coinbase to an unknown wallet. The move has reignited 
market discussions, closely following a significant crash in the meme coin’s 
price that erased weeks of gains. CoinMarketCap’s data shows that Shiba Inu is 
now trading at $0.000014, down by more than 7% in just a few days. Notably, 
the 5 trillion SHIB transfer by the anonymous whale has raised eyebrows across 
the crypto community, with many expressing their astonishment over the sheer 
size of the transaction and others viewing it as a calculated move. The timing 
and size of the transfer have also led some to interpret it as a bearish 
signal, potentially indicating an upcoming sell-off, which could lead to 
further declines in the meme coin’s price. Others assert that the tokens have 
been deliberately taken off the active trading market and put into a vault, 
hinting at a strategic supply reduction. If conditions remain optimal, this 
could set the stage for a possible liquidity squeeze. In addition, as demand 
returns to the market, the crypto member states that Shiba Inu could face a 
thin wall of available supply, potentially triggering a price rebound. What’s 
more, the lack of clear information regarding the receiving wallet has only 
added to the speculation, with a community member suggesting that the entity, 
the 5,000,000,000,000 SHIB transfer, may have been driven by insider 
knowledge. Typically, whale moves of this magnitude tend to influence market 
sentiment, potentially triggering sharp price reactions and raising questions 
about possible coordinated activity. Market Eyes Possible Price Revival Beyond 
the initial shock of the 5 trillion SHIB transfer and its potential 
implications on price action and whale activity, many in the crypto space are 
beginning to draw connections to a broader bullish trend or possible price 
resurgence. Some crypto members believe that the reemergence of high-value 
whale entities could be a potential precursor of big price moves. Related 
Reading: Crypto’s Golden Rule Just Got Broken, According To Analyst Others 
suggest that this move could trigger the start of a meme coin season, where 
speculative assets like Shiba Inu or Dogecoin experience renewed investor 
interest and dramatic price surges. Historically, large and sudden whale 
movements often precede market-wide interest and price rallies in meme tokens, 
particularly when those moves significantly shrink supply and hint at 
potential future accumulation. Featured image from Pexels, chart from 
TradingView

Shiba Inu Price Crash: Massive Coinbase Transfer Sparks Speculation

Bitmine Immersion has grown its ethereum holdings to more than $2 billion, 
amassing over 566,000 ETH just weeks after closing a $250 million private 
placement, underscoring its aggressive treasury strategy. Ethereum Treasury 
Crosses $2 Billion Mark for Bitmine Bitmine Immersion Technologies announced 
that its ethereum reserves have topped $2 billion, a dramatic increase since 
the […]

Bitmine’s Ethereum Treasury Surpasses $2 Billion as Holdings Cross 566,000 ETH

Bitcoin looks to be on the verge of a breakdown after rallying to $123,000 
all-time highs earlier in the month. This reversal has taken the market by 
surprise, with the altcoin market, once again, bearing the brunt of the 
losses. Now, as the Bitcoin price reaches an important level, the questions of 
whether this is the start of a bear trend or if there will be a bounce in 
price have become more urgent. Bitcoin Trends Low After New Highs After the 
reversal back into the $117,000 levels, crypto analyst TehThomas has published 
an analysis outlining the current Bitcoin price trend and where it could be 
headed next. So far, the analyst explains that Bitcoin is still trading in a 
well-defined trend after being rejected from the upper resistance zone at 
$120,000 multiple times. However, there is still a lot of bite from its 
support levels below, which could be its saving grace. Related Reading: Cup 
And Saucer Pattern Says XRP Price Rally Is Not Done As the analyst explains, 
the fact that the support continues to hold shows that there is still a lot of 
buying going on for Bitcoin. This puts the support very tight around this 
area, but also makes it a dangerous territory for the bulls. It is possible 
that there is a sweep back to these lows, and Thomas explains that such a move 
would engineer sell-side liquidity. There is also a Fair Value Gap (FVG) at 
the $121,000 level, which continues to be defended. This is where most of the 
resistance has come from, pushing the price back below $118,000 multiple times 
already. Thus, this FVG is the next level to reclaim in the campaign for new 
highs. Bouncing Back From Lows If the sweep back toward the lows is completed, 
it is not entirely bearish for the Bitcoin price and could, in fact, be the 
move that helps to trigger the next wave of uptrend. The analyst explains that 
buyers would have to step back in at this level, with support sitting firmly 
at $116,000. This accumulation during consolidation would be inherently 
bullish. Related Reading: Tether Investments Extend Beyond Bitcoin Amid Record 
Profits — Details Looking back at the FVG, the analyst explains that it could 
act as a magnet if the price begins to rise again. Nevertheless, all of this 
depends on the Bitcoin price dipping back to support and then bouncing off 
again. The sweep of liquidity at the lows and the bounce would offer 
confirmation that the price is going to keep trending upward. However, there 
is still the possibility of a price breakdown from here. Thomas points to an 
invalidation of the bullish thesis if support at $116,000 fails to hold and 
there is no immediate recovery. “Bitcoin remains locked in a clear range, and 
until the breakout happens, the edges of that range offer the best trading 
opportunities,” the analyst explained. Featured image from Dall.E, chart from 
TradingView.com