Bitcoin asset manager Parataxis will go public via a SPAC deal that could see up to $640 million in gross proceeds to fund a Bitcoin treasury.

Parataxis to go public in $640M SPAC merger with Silverbox

The new law will allow investment banks, which can underwrite companies, issue 
securities, and are institutionally focused, to hold BTC.

Bitcoin investment banks coming to El Salvador — Gov regulator

Ethereum is riding a powerful rally that has pushed prices to their highest 
level since 2021 and set the stage for a potential run toward $6,800.

Ethereum breaks out: ETFs, DeFi, golden cross fuel $6,800 bull case

World Liberty Financial, a venture linked to U.S. President Donald Trump, is 
pitching investors on creating a $1.5 billion publicly traded company to hold 
its cryptocurrency tokens. World Liberty Financial (WLFI) is reportedly 
advancing plans to form a public entity holding its WLFI tokens, targeting 
approximately $1.5 billion in funding, according to Bloomberg sources familiar 
[…]

Report: Trump’s World Liberty Advances $1.5B Crypto Holding Company

Following the steep corrections seen in late July, the Bitcoin market made a 
modest recovery in the past week, rising by 2.73% according to data from 
CoinMarketCap. However, another rejection amidst this price resurgence forces 
the premier cryptocurrency to now trade within the $116,000 price region. 
While the crypto market awaits the token’s next move, cumulative trading 
activity signals potential for a major price surge to a new all-time high. 
Related Reading: Bitcoin Bull Run At Risk? Binance Whale-To-Exchange Flow 
Signals Price Correction Golden Ratio In Sight: Bitcoin Targets $131K After 
Volume Shelf Hold In an X post on August 8, popular financial market analyst 
Donald Dean shares an interesting bullish price prediction on the Bitcoin 
market. Based on the existence of a volume shelf on the BTCUSDT daily chart, 
Dean tips the crypto market leader to soon attain a $131,000 market valuation. 
By way of explanation, a volume shelf refers to a price level where a 
significant amount of trading activity/volume has occurred. In the chart 
above, this level of trading is indicated by the horizontal bars on the right 
side of the chart. A volume shelf tends to act as a strong resistance or 
support zone because many traders are assumed to have bought or sold at this 
level. According to Donald Dean’s analysis, Bitcoin is currently hovering 
around a volume shelf between $116,000 &#8211; $118,000, which has been identified 
as a potential launch area. If Bitcoin can consolidate decisively above this 
range, it suggests that this level has enough buying interest to potentially 
act as a springboard for the next leg up. Interestingly, Dean predicts that 
this accumulation phase would provide the momentum needed to propel BTC toward 
the 1.618 Fibonacci extension level, a key technical milestone known as the 
“golden ratio.” This level, positioned around $131,000, represents the next 
major price target for the Bitcoin market, signaling a potential 12.93% gain 
on the present market prices. Related Reading: SharpLink Bets Big On Ethereum: 
$200M Raised To Deepen ETH Exposure Bitcoin Market Overview At the time of 
writing, Bitcoin was trading at $116,756, after a minor decline of 0.02% over 
the past 24 hours. Meanwhile, market trading volume has fallen by 20.97% and 
is valued at $55.24 billion. Data from CoinCodex indicates that market 
sentiment remains strongly bullish, with the Fear &amp; Greed Index at 67. Despite 
this optimism, analysts expect BTC to hold within its current range, 
projecting prices of $117,167 in five days and $115,980 in thirty days, and a 
potential dip to $112,688 over the next three months. Featured image from 
Pexels, chart from Tradingview

Bitcoin Volume Shelf Indicates Possible Launch To $131,000 – Analyst

The Pepe price continued its recovery this week, jumping for four consecutive 
days amid whale accumulation and an Ethereum rebound. Whales are buying Pepe 
tokens Pepe (PEPE) token rose to $0.000012 on Saturday, Aug. 9, its highest 
level since July…