This content is provided by a sponsor. PRESS RELEASE. California, United States – 4 August 2025 – In a significant show of institutional support, AIxBlock, a decentralized AI tech startup in the Bay Area, has secured a €1.5 million innovation grant from the European Union, alongside with up to €61.5 million in 2 additional grants […]

EU Awards €1.5M to a US-led Decentralized AI Project, AIxBlock, With €61.5M in Additional Grants Pre-Approved to Scale Decentralized AI Infrastructure Across Europe

Blockchain intelligence firm Arkham has revealed that the Chinese mining pool 
Lubian was the target of a sophisticated 2020 cyberattack in which hackers 
stole 127,426 bitcoin. A Timeline of the Attack Blockchain intelligence firm 
Arkham has said their on-chain analysis points to the Chinese mining pool 
Lubian as the victim of a sophisticated cyberattack in […]

Largest Bitcoin Theft Ever? Chinese Mining Pool Hacker Now Ranks Among BTC Elite

Grayscale Investments has announced the return of founder Barry Silbert as 
board chairman in a move that also saw the digital asset manager expand its 
management team with new board hires. Barry Silbert’s return comes as 
Grayscale prepares for the…

Barry Silbert rejoins Grayscale’s board as chair

Sequans Communications S.A. (NYSE: SQNS), a Bitcoin Treasury company and a 
provider of 5G/4G cellular semiconductor solutions, announced on August 4, 
2025, the acquisition of an additional 85 bitcoins for approximately $10 
million, at an average purchase price of $117,360 per bitcoin, including fees. 
As of August 1, 2025, the company now holds a total […]

France-Headquartered Sequans Acquires 85 Additional Bitcoin, Raising Total Holdings to 3,157 BTC

MemeCore has surged 24.14%, confirming a breakout above a key range high. The 
move signals an active bullish Elliott Wave count with further upside in play 
if key levels hold. After trading sideways for weeks, MemeCore has now 
confirmed a…

MemeCore surges 24.14% with a bullish Elliott wave structure targeting $0.77

Earlier last week, the Ethereum price was retracing severely, giving up a 
fraction of the gains garnered from the previous bull rally. Despite this 
brief show of weakness, a crypto pundit forecasts that the leading altcoin may 
be on the brink of an explosive rally toward a new all-time high of $9,000. 
This bullish projection is based on the completion of a Broadening Wedge 
formation and an ongoing retest of the pattern’s upper boundary, which may now 
act as support. Ethereum Price Chart Signals Major Breakout According to the 
new technical analysis released by crypto market expert Gert van Lagen on X 
social media, Ethereum could be gearing up for a major breakout move, with 
price action potentially targeting upper bullish levels around $9,000. This 
report is based on a key chart pattern, the Descending Broadening Wedge, which 
has historically proven to be a powerful bullish continuation setup. Related 
Reading: Ethereum Price Crash: What’s Happening And Where ETH Is Headed Next 
On the weekly timeframe, Ethereum has completed a breakout above the upper 
resistance of the long-standing Descending Broadening Wedge pattern. After its 
initial breakout attempt, Lagen notes that Ethereum is now retesting the 
former resistance trendline, which has flipped into potential support. This 
retest is considered critical, with the analyst highlighting it as ETH’s 
second attempt to break higher while sustaining its bullish momentum. The 
technical setup, as outlined by Lagen’s price chart, shows a projected upside 
of 79% from the breakout point, which could send Ethereum soaring toward the 
$9,000 level. Lagen highlights that statistically, such patterns resolve 
upward 67% of the time, reinforcing ETH’s bullish outlook. The price zone also 
aligns with a historical sell line—an area where traders may begin taking 
profits as the cryptocurrency approaches upper targets. Interestingly, Lagen 
notes that the Bitcoin price has previously formed a similar Descending 
Broadening Wedge structure. At the time, the analyst had predicted that a 
successful retest of the pattern’s upper boundary could trigger a massive 
surge to $230,000 for Bitcoin. This historical parallel reinforces the belief 
that Ethereum could be on the verge of a similar upward trajectory if the 
current retest confirms support. Analyst Sees ETH Surpassing $5,000 This 
August Despite ETH’s brief pullback, August is shaping up to be a potentially 
explosive month for the leading altcoin. Market expert, ‘Crypto GEMs’ on X, 
predicts that Ethereum will break past $5,000 before the month is over. The 
analyst’s technical chart shows a strong bullish setup forming after 
Ethereum’s brief price correction. Related Reading: This Ethereum Descending 
Broadening Wedge Pattern Looks Similar To 2019-2020, Here’s What Happened Last 
Time Currently, ETH is trading around $3,554 following a steep drop from its 
July highs of around $3,900. While this decline may appear concerning to some, 
Crypto GEMs sees it as a golden buying opportunity. The analyst encourages 
traders to take advantage of lower prices and “buy the dip”, as ETH positions 
for its next potential leg up. Featured image from iStock, chart from 
Tradingview.com