Cardano community members have approved a $71 million funding proposal to support a year-long upgrade plan by core developer Input Output Engineering. According to data from Cardano network explorer AdaStat, the proposal passed with 74% support, securing 200 votes in…

Cardano treasury allocates $71m in ADA for protocol enhancements

Bitcoin may be stuck in limbo until October, according to crypto analyst Josh 
Olszewicz, who delivered a sobering assessment of the current market setup 
during his August 3 video analysis. The veteran trader described Bitcoin’s 
technicals and seasonal context as fundamentally uninviting, cautioning that 
“there’s nothing to do” until a more compelling risk-reward profile 
emerges—likely not before Q4. Bitcoin Bulls On Pause Olszewicz began by 
referencing last week’s Bollinger Band squeeze, a technical pattern that often 
precedes significant volatility. The squeeze resolved to the downside 
following a combination of weak US jobs data, negative ETF flows, and 
escalating geopolitical tensions—including reports of US nuclear submarine 
movements near Russia. “Markets certainly didn’t like that,” he remarked. The 
ETF flow data was central to his outlook. While Ethereum recently saw a 
resurgence in ETF inflows—contributing to one of its strongest Julys 
ever—Bitcoin’s flows flipped negative. “Flows, if anything, are what can save 
us in these two months of doldrums,” he said, referring to August and 
September. Yet, the current trajectory shows little promise of reversal. “The 
decision tree got a lot wider after breaking down,” he explained. “Because in 
the next two months, it’s generally junk. That’s just what it is.” Related 
Reading: Bitcoin Inflows To Binance Accelerate: Investor Behavior Shifts After 
Months Of Decline Olszewicz underscored the seasonal softness of Q3 for both 
equities and crypto, particularly emphasizing that historically, August and 
September are low-activity months. “Wake me up when September ends,” he 
quipped, reinforcing that traders should expect little from the market until 
October—a month historically associated with strong performance. “You do not 
want to miss October, even if October is negative 80%. This is about 
probabilities.” From a technical perspective, Olszewicz noted that Bitcoin 
remains in a vulnerable zone after stalling at the yearly pivot around 
$122,000. “Despite this great-looking chart pattern, we just stopped dead cold 
at $122,000,” he said. “If we break $122,000, the next level is 
$150,000—that’s psychological, it’s the measured move, and it’s the yearly 
pivot.” However, a more immediate concern lies in the potential for a bearish 
TK cross on the Ichimoku Cloud, which would trigger a sell signal in his 
system. “It’s a Pavlovian response. Bearish TK cross, you close your longs,” 
he said bluntly. “If we revisit 100 at this point, you’re going to get a lot 
of people talking about end-of-cycle stuff.” Related Reading: When Will The 
Bitcoin Correction End? The Support Level That Holds The Key The Commitment of 
Traders (COT) data from CME further amplifies the caution. “Commercials have 
dropped off a cliff,” Olszewicz warned. “Not something you want to see if 
you’re bullish.” The data suggests a sharp reduction in institutional 
positioning on the long side, adding another layer of headwind for the BTC 
price. Still, not all is lost. Olszewicz pointed to historical precedents, 
such as the difficult August and September of 2023 when Bitcoin was battered 
by Mt. Gox distributions and German government sell-offs. Despite the noise, 
Bitcoin rallied in October following the approval of spot ETFs and held above 
the cloud for an extended period. “It can look like the end for many, many 
reasons, and we can still make it,” he stressed. For traders looking to re- 
enter the market, he identified the $117K–$120K range as a potential re-entry 
zone if BTC can reclaim that area within the next two weeks. “It’s up to the 
bulls to hold this just flat for two weeks,” he said. “It shouldn’t be that 
hard to do if there are buyers in this market.” But until then, he remains on 
the sidelines: “There’s just nothing to do. It’s in no man’s land at the 
moment.” With Bitcoin in a technical holding pattern, negative flows, weak 
seasonality, and risk-off signals from legacy markets, Olszewicz made it clear 
that forcing trades in this environment could prove costly. His advice? Stay 
patient, stay liquid, and watch October. At press time, BTC traded at 
$114,517. Featured image created with DALL.E, chart from TradingView.com

Top Analyst Says Bitcoin Is Trapped: ‘Nothing To Do Until October’

The Smarter Web Company PLC (AQUIS: SWC | OTCQB: TSWCF), a London-listed technology and bitcoin treasury firm, has announced the successful completion of a Placing and Subscription, raising a total of $10.7 million (£8.1 million). The Placing, conducted with a well-known institutional investor, generated about $6.9 million (£5,250,000), while a Subscription with a high-net-worth individual […]

The Smarter Web Company Raises $10.7 Million From Notable Investor and High-Net-Worth Individual

ECB Executive Board member Piero Cipollone said that a digital euro will not 
replace physical money but complement it to preserve payment autonomy.

ECB: Cash is ‘here to stay’ even as digital euro advances

The VINE coin saw a recent surge following Elon Musk&#8217;s prolific activities to 
revive old content using Grok Imagine. The token may soon join the lineup of 
tokens linked to Musk and generate even more. The surge in VINE&#8217;s value…

What Elon’s purchase of Vine may mean for his social media and crypto empire

Reports have disclosed that spot Bitcoin ETFs experienced a massive 
institutional withdrawal last Friday, with investors pulling out over $812 
million. Related Reading: Slow And Steady: Bitcoin’s Current Rise Feels 
Different—Study That outflow ranks as the second-largest one-day exodus in the 
history of these funds. It wiped out roughly one week’s worth of inflows and 
pushed cumulative net inflows down to $54.18 billion. Spot Bitcoin ETFs See 
Major Withdrawals Based on reports, the total assets under management across 
all spot Bitcoin ETFs now stand at $146.48 billion. That represents just 6.46% 
of Bitcoin’s overall market capitalization. Leading the sell-off was 
Fidelity’s FBTC, which saw redemptions of $331 million. Close behind was ARK 
Invest’s ARKB, with $327.93 million exiting the fund. The Bitcoin ETFs had 
$812M worth of outflows yesterday. The 2nd largest outflow day in history. 
Should we be worried? pic.twitter.com/YdiPolJODE — Mister Crypto 
(@misterrcrypto) August 3, 2025 Grayscale’s GBTC recorded $67 million in 
outflows, and BlackRock’s IBIT faced a comparatively small pull-back of $2.58 
million. Even with big redemptions, institutions have not stepped away 
completely. There is a sense that they are simply shifting tactics. Trading 
Volumes Hold Up Strong According to trading data, daily turnover across all 
spot Bitcoin ETFs surged to $6.13 billion on the same day. BlackRock’s IBIT 
alone accounted for $4.50 billion of that figure. Such high volume suggests 
that buyers and sellers are still very active. It points to a market where 
investors are fine-tuning positions rather than abandoning them. Futures, 
discounted funds like GBTC, or alternative crypto products could be where some 
capital is moving. Ethereum ETFs Break Inflow Streak Reports have disclosed 
that spot Ether ETFs ended a 20-day inflow streak with net outflows of $152 
million last Friday. That streak was the longest the Ether products have ever 
seen. Grayscale’s ETHE led the outflows with $47.68 million leaving the fund. 
Bitwise’s ETHW saw $40.30 million in redemptions, while Fidelity’s FETH lost 
$6.17 million. BlackRock’s ETHA held steady, reporting $10.71 billion in 
assets under management. Related Reading: No Gold? No Problem: Why XRP Stands 
Strong On Its Own—Analyst Total trading across all Ether ETFs reached $2.26 
billion, with Grayscale’s product making up nearly $290 million of that sum. 
The combined AUM for Ether ETFs now sits at $20 billion, equivalent to 4.70% 
of Ethereum’s market cap. Two weeks earlier, on July 16, these same funds 
posted their highest single-day inflow of $727 million, followed by another 
$602 million on July 17. Featured image from Meta, chart from TradingView