Bakkt Holdings says it has agreed to sell its loyalty services business in its bid to focus purely on its crypto offerings.

Bakkt sells loyalty business to focus on being ‘pure-play crypto’

Traders are betting big on Bitcoin as calm markets and record-low volatility 
mask the bull’s intentions.

Bitcoin price gained 50% the last time its volatility fell this low

A vote on prospective CFTC Chair Brian Quintenz was taken off the Senate 
Agriculture Committee’s agenda on Monday as the chamber heads into recess.

White House steps in to delay CFTC chair vote

Tron price continued its strong bull run this week, reaching its highest level 
since December last year. Tron (TRX) jumped to $0.3500, even as the crypto 
market pulled back. It was up by 75% from its lowest level this year.…

CryptoQuant explains why the Tron price is surging

A groundbreaking bill forces federal mortgage giants to recognize digital 
assets in loan decisions, unlocking homeownership for crypto holders without 
requiring conversion to cash. New Bill From Senator Lummis Puts Crypto Into US 
Housing Finance Equation U.S. Senator Cynthia Lummis (R-WY) unveiled the 21st 
Century Mortgage Act on July 29, aiming to modernize federal mortgage […]

US Senator Pushes Bill to Include Crypto in Mortgage Eligibility

The Ethereum price may be setting the stage for a historic breakout, as a new 
technical analysis suggests that ETH is closely mirroring the Bitcoin (BTC) 
price action from 2020 to 2021. With Ethereum currently consolidating beneath 
a long-term downtrend line and approaching critical resistance, a crypto 
analyst eyes a potential move to $20,000 if the historic pattern continues to 
play out. Ethereum Price Mirrors Bitcoin&#8217;s Historic 2021 Pattern According to 
a new analysis by crypto market expert Ted Pillows, Ethereum’s current price 
structure is beginning to reflect a striking resemblance to Bitcoin’s breakout 
phase in late 2020. The analyst’s chart shows ETH following a nearly identical 
pattern of accumulation, re-accumulation, and compression within a descending 
triangle fractal that Bitcoin displayed before its parabolic bull run in 2021. 
Related Reading: Billionaire Mike Novogratz Says Ethereum Will Enter Price 
Discovery If It Takes Out This Level At the time, Bitcoin had surged from a 
whopping $9,550 to roughly $64,000, marking a significant price increase of 
570.37%. Just like BTC during the COVID pandemic shakeout, Pillow’s analysis 
shows that ETH has now emerged from a prolonged consolidation phase and is 
testing the downtrend resistance line that has capped its highs since the 2021 
peak. If Ethereum breaks through its diagonal resistance, the analyst’s chart 
indicates that a vertical surge toward $29,500 may become technically viable. 
This would represent a significant increase of approximately 672% from the 
cryptocurrency’s current price of $3,820. Notably, the path to this bold 
target mirrors Bitcoin’s trajectory after it broke out of its long-term 
downtrend, triggering a rapid and exponential move. The chart also illustrates 
a potential breakout zone that aligns with the timing of the previous cycle’s 
price expansion—indicating that Ethereum could be preparing for its most 
powerful price rally yet. While the trajectory of Pillows’ arrow on the chart 
targets a possible surge toward $29,500, the top of the green shaded zone 
suggests Ethereum could reach a peak above $58,500. Such a bold move would 
mark a historic breakout, representing a surge of roughly 1,432% and placing 
ETH at nearly half of Bitcoin’s price of $118,940 as of writing. Analyst Sets 
$5,000 As ETH’s Minimum Target Due to Ethereum’s bullish run lately, a few 
analysts in the crypto community have forecasted a potential rally toward the 
$5,000 mark—a move that would set a new all-time high for the leading altcoin. 
However, while many consider a surge to $5,000 a major milestone, Pillows 
views this target as merely a baseline. Related Reading: This Ethereum 
Descending Broadening Wedge Pattern Looks Similar To 2019-2020, Here’s What 
Happened Last Time He has set $5,000 as the minimum target for his outlook, 
emphasizing his firm conviction in ETH’s bullish potential. On the chart, 
Ethereum’s recent consolidation is marked as a re-accumulation zone, setting 
the foundation for a significant rally. With a breakout from its long-term 
resistance in sight, Pillows’ analysis suggests that Ethereum could experience 
an extended bull phase with limited overhead resistance. Featured image from 
Getty Images, chart from Tradingview.com