Bank of China Hong Kong is moving forward with its central bank digital currency (CBDC) project and has completed another phase of testing the digital Hong Kong dollar. According to local media on August 5, the Bank of China Hong…

Bank of China Hong Kong advances e-HKD trials with live blockchain test

The Bitcoin price has rebounded once again after initially testing the waters 
with a crash to $112,000. This was spurred by profit-taking as the digital 
asset had risen to levels not seen before back in July 2025. However, this 
recovery does not mean that Bitcoin is completely out of the water, especially 
given the fact that it has retraced to a level that would be considered 
bearish at this point. Bearish FVG Could Send Bitcoin Price Crashing In an 
analysis, crypto analyst Kamran Asghar revealed that the Bitcoin retrace could 
only be temporary and short-lived as it has moved back into a bearish Fair 
Value Gap (FVG). This comes after a small bounce from $112,000 toward 
$115,000, with this bearish FVG lying between $114,000 and $115,500. Related 
Reading: Pundit Says Ethereum Price Is Headed For $9,000 After This Broadening 
Wedge Retest This fair value gap had been created following the price crash 
from $118,000, suggesting that the Bitcoin price would be looking to fill it 
again. Additionally, this level acts as a major supply zone, meaning that 
bulls would have to turn up the buying if the Bitcoin price is to cross this 
level without issue. Given the fact that the bearish FVG and the supply zone 
are riding ahead of the cryptocurrency, it shows that there is a lot of 
resistance building at this level. Kamran suggests that the next move after 
hitting this supply zone would be a rejection from this level, leading to a 
further beating down of the price. How Low Could BTC Go? In the event of a 
hard rejection, the crypto analyst sees the Bitcoin price tumbling further 
downward into mid-July levels between $107,500 and $109,000. This would mean 
another 5% crash for the Bitcoin price before it is able to find support. 
Related Reading: Analyst Warns XRP Investors Not To Let Fear Dictate Moves As 
Long As Price Holds This Level The silver lining of this possible crash is the 
fact that Bitcoin has major support at this level. Thus, Bitcoin bulls could 
stage a rebound using this level as the next lift-off point for a recovery. 
Due to this, the crypto analyst warns investors to keep an eye on the digital 
asset to see how it reacts at this level. Interestingly, at this time, the 
Bitcoin funding rate is still positive, Coinglass shows. What this means is 
that traders believe that the digital asset is still in a bull market, and 
more investors are betting on the price continuing to rise from here. However, 
the positive funding rate has seen some decline in the month of August, 
suggesting a slowdown among bulls. Featured image from Dall.E, chart from 
TradingView.com

Bitcoin Risks Another Crash Following Recovering Into Bearish FVG Zone

Former SEC chief of staff Amanda Fischer slammed the latest SEC guidance on 
liquid staking, sparking sharp backlash on social media.

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Justin Sun&#8217;s first JST-stablecoin on the TRX ecosystem, USDJ, will formally 
end its services at the end of August. Here&#8217;s what we know so far about the 
permanent wind-down. In a recent post, the JUST DAO reminded holders to 
migrate…

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Changpeng Zhao has asked to dismiss a lawsuit from FTX seeking to recover $1.8 
billion the bankrupt crypto exchange said it used in a share repurchase deal.

Binance founder Changpeng Zhao seeks dismissal from $1.8B FTX lawsuit

Three public companies have increased their Solana holdings this week, as 
BitGo speculates firms are buying Solana to stake it and earn rewards.