Stocks signaled an upbeat outlook on Tuesday amid largely encouraging earnings results, with major indices edging higher at the open ahead of the Federal Reserve’s meeting, key jobs data, and a looming tariffs deadline. The S&amp;P 500 and Nasdaq opened…

S&P 500 rises ahead of Fed meeting, jobs data

Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill say 
they’ll change their not guilty plea relating to charges tied to their crypto 
mixing service.

Samourai Wallet co-founders to now plead guilty to US charges

The request to make Federal Open Market Committee (FOMC) meetings open to the 
public was made via a dubious lawsuit filed by James Fishback’s Azoria 
Capital. Fed’s Closed-Door Policy Upheld as Judge Blocks Public Access Request 
In a strange turn of events, U.S. Federal Reserve Chairman Jerome Powell found 
himself at the center of a […]

Judge Rejects Bid to Make Powell’s Interest Rate Meetings Public

Crypto mining firm MARA Holdings’ Q2 revenues jumped 64% from a year ago to 
$238 million, driven by Bitcoin appreciation and expanded mining operations.

MARA Holdings posts Q2 revenue beat with 64% year-on-year jump

Ethereum price struggled to continue higher above the $3,940 zone. ETH is now 
consolidating gains and might soon aim for a move toward $4,000. Ethereum 
started a fresh increase above the $3,840 and $3,880 levels. The price is 
trading above $3,800 and the 100-hourly Simple Moving Average. There is a 
bearish trend line forming with resistance at $3,840 on the hourly chart of 
ETH/USD (data feed via Kraken). The pair could start a fresh increase if it 
remains supported above the $3,725 zone in the near term. Ethereum Price Holds 
Support Ethereum price struggled to extend gains above the $3,940 level, like 
Bitcoin. ETH price started a downside correction from the $3,939 high and 
traded below $3,900. The price traded below the $3,820 support level and 
settled below the 23.6% Fib retracement level of the upward move from the 
$3,515 swing low to the $3,939 high. Moreover, there is a bearish trend line 
forming with resistance at $3,840 on the hourly chart of ETH/USD. However, the 
price is steady above the $3,720 support and the 50% Fib retracement level of 
the upward move from the $3,515 swing low to the $3,939 high. Ethereum price 
is now trading above $3,800 and the 100-hourly Simple Moving Average. On the 
upside, the price could face resistance near the $3,840 level. The next key 
resistance is near the $3,880 level. The first major resistance is near the 
$3,940 level. A clear move above the $3,940 resistance might send the price 
toward the $3,965 resistance. An upside break above the $3,965 resistance 
might call for more gains in the coming sessions. In the stated case, Ether 
could rise toward the $4,000 resistance zone or even $4,120 in the near term. 
Another Drop In ETH? If Ethereum fails to clear the $3,840 resistance, it 
could start a downside correction. Initial support on the downside is near the 
$3,720 level. The first major support sits near the $3,680 zone. A clear move 
below the $3,680 support might push the price toward the $3,650 support. Any 
more losses might send the price toward the $3,550 support level in the near 
term. The next key support sits at $3,420. Technical Indicators Hourly MACD – 
The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI &#8211; The 
RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,720 Major 
Resistance Level – $3,840

Ethereum Price Poised for a Comeback – Is Another Rally on the Horizon?

Data shows the Bitcoin Coinbase Premium Gap recently broke its longest ever 
streak of positive values. Here&#8217;s what this could mean for the market. Bitcoin 
Coinbase Premium Gap Turned Negative Recently In a new post on X, CryptoQuant 
community analyst Maartunn has talked about the recent trend in the Bitcoin 
Coinbase Premium Gap. The &#8220;Coinbase Premium Gap&#8221; refers to an indicator that 
keeps track of the difference between the BTC price listed on Coinbase (USD 
pair) and that on Binance (USDT pair). The former cryptocurrency exchange is 
primarily used by US-based investors, especially large institutional entities. 
The latter, on the other hand, has a global userbase. As such, the Coinbase 
Premium Gap essentially tells us about how the buying or selling behaviors 
differ between the American and foreign whales. Related Reading: XRP Dormant 
Coins On The Move: Reason Behind Price Plunge? When the value of the metric is 
positive, it means the cryptocurrency is listed for a higher price on Coinbase 
than Binance. Such a trend implies buying pressure is stronger (or selling 
pressure is weaker) on the former as compared to the latter. On the other 
hand, the indicator having a negative value implies Binance is the platform 
observing a net higher accumulation as its users have pushed BTC to a higher 
value than on Coinbase. Now, here is a chart that shows the trend in the 
30-hour moving average (MA) of the Bitcoin Coinbase Premium Gap over the past 
year and a half: As displayed in the above graph, the 30-hour MA Bitcoin 
Coinbase Premium Gap has mostly held a positive value for a while now, 
indicating that Coinbase users have been buying. This accumulation was so 
consistent earlier that it managed to reach a streak of 94 days, but recently, 
a dip into the negative territory finally broke it. &#8220;This was the longest 
streak in history,&#8221; notes the analyst. Since the start of 2024, US 
institutional investors have generally played a driving role in the market, 
with the price often showing correlation to the Coinbase Premium Gap. Given 
this pattern, a pivot to selling from this group can naturally be a bearish 
sign for Bitcoin. Related Reading: Ethereum Exchange Reserve Plummets: Over 1 
Million ETH Withdrawn The chart shared by Maartunn shows more of a long-term 
view of the indicator. So, here is another graph, this one from CryptoQuant 
author IT Tech, that shows how the metric&#8217;s fluctuations have looked on a 
higher resolution over the past month: From the chart, it&#8217;s apparent that the 
metric has seen multiple drops into the negative zone recently, with the 
latest one coming during the past day. &#8220;The demand in the US Market is 
weakening,&#8221; says the analyst. &#8220;Caution is necessary.&#8221; BTC Price Bitcoin has 
been unable to find a direction as its price is still floating around 
$117,700. Featured image from Dall-E, CryptoQuant.com, chart from 
TradingView.com