12 Aug 2025, 21:21

Bullish Golden Cross Pattern That Delivered 40% Gains Since 2023 Returns – Can SOL Push to $250 Next?

Solana (SOL) has developed a golden cross formation on its daily chart, a bullish technical pattern that has historically preceded extended rallies, delivering gains of at least 40% for the altcoin. This pattern previously drove SOL from $155.01 to $293.00 within just seven days in October 2024, when identical conditions emerged. The golden cross materializes when the 50-day simple moving average surpasses the 200-day moving average, creating what crypto traders widely recognize as a bullish momentum indicator. GOLDEN CROSS ON SOLANA Last time this golden cross on daily took $SOL from $156 to $293 So, be ready for the next ride. #open4profit #Solana pic.twitter.com/nZ3W8zyRwN — Open4profit (@open4profit) July 31, 2025 Currently, numerous traders and analysts anticipate a breakout from SOL’s present $174–$187 trading range, potentially propelling the token toward its 2021 peak levels around $250. SOL Bullish Golden Cross Eyes $190 breakout as Arthur Hayes Joins Treasury Movement At the time of writing, Solana is trading at $178.06, registering a 0.29% increase as it rebounds from its intraday low of $173.69. This recovery follows unchanged CPI data that boosted September rate cut probabilities above 86%. Yes, the probability of a rate cut in September has reached 94.2%. #WLFI #USD1 pic.twitter.com/bGUgYlrHGE — Dylan_0x (@0xDylan_) August 12, 2025 Market participants view this development as bullish sentiment spreads across the crypto sector, with Ethereum leading gains through a 4% surge, pushing it to three-year highs above $4,400. Ethereum’s explosive performance has raised questions about whether Solana can capture sufficient attention to drive its price beyond current weak resistance levels. Crypto analyst Honeyxbt expressed measured skepticism, noting that she expected stronger performance from SOL bulls. She said that while the golden cross pattern has emerged, the price action’s failure to breach the $190–$205 resistance zone remains disappointing. i'm not gonna lie, i expected more from SOL bulls because we have an immiment golden cross coming up but this price action is such a turn off we are still above 1D EMA200 so technically bullish and in an uptrend but this needs to show some strength here for continuation https://t.co/SAKEiv9oAm pic.twitter.com/Aurk0MhYoV — Honey (@honey_xbt) August 1, 2025 Additionally, she acknowledged that SOL maintains technical strength and remains in an uptrend, trading well above its 200-day EMA. The token only requires additional momentum to sustain its bullish trajectory. Recently, Upexi, recognized as Solana’s largest treasury company, appointed BitMEX co-founder and prominent crypto bull Arthur Hayes as the inaugural member of its advisory committee. Hayes will guide strategy development and expand the company’s $SOL treasury holdings. Hayes played a key role in Ethereum’s recent 60% recovery through his public endorsement of Tom Lee’s Fundstrat Ethereum treasury strategy, which has accumulated billions in ETH while championing its ascent to new heights. Now working with Upexi, which has already secured $300 million to purchase Solana tokens for treasury expansion, Hayes brings proven expertise to SOL’s institutional adoption efforts. Should this approach gain momentum, other companies pursuing Solana treasury strategies, including BIT Mining and DeFi Development Corp ., may accelerate their SOL acquisitions. SOL ETF Approval: 90% Probability for 2025 Another major catalyst supporting Solana’s golden cross formation toward $250 is the pending SOL ETF approval process. In June, seven major issuers filed or amended applications for spot Solana exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC). These submissions included applications from prominent asset managers such as VanEck, Fidelity, 21Shares, Franklin Templeton, Grayscale, Bitwise, and Canary Capital. According to the latest Bloomberg ETF analysis , Solana leads approval probabilities with 90% odds of 2025 authorization. NEW: Bloomberg has placed a 90% approval odds for a $SOL ETF in 2025 Alt coin ETF summer with Solana leading the way? pic.twitter.com/XyKpa54WsE — CryptosRus (@CryptosR_Us) June 12, 2025 Combined with treasury company accumulation and robust on-chain activity from memecoins, DApp revenues such as those from PumpFun, the BONK ecosystem, and an expanding stablecoin supply on the Solana blockchain, SOL appears positioned to compete with Ethereum as the next major large-cap opportunity. Technical Analysis: SOL Golden Cross Flip Opens Way to $246 From a technical perspective, the daily SOL/USDT chart displays a bullish structure following a breakout from a descending channel and confirmation of the golden cross, where the 50-day SMA has crossed above the 200-day SMA. The price is trading around $177, positioned between key resistance at $187.89 and support from the 50- and 200-day SMAs near $167. Source: TradingView A decisive close above $188 would clear the path toward the upper channel resistance at $225, with a potential medium-term target near $246 if macro conditions, including a potential September 25 basis point rate cut, align with bullish momentum. However, failure to overcome the $188 threshold could trigger a retest of the $167 support zone, and a break below that level would compromise the bullish outlook. The post Bullish Golden Cross Pattern That Delivered 40% Gains Since 2023 Returns – Can SOL Push to $250 Next? appeared first on Cryptonews .

12 Aug 2025, 21:15

Tom Lee’s Bitmine Becomes First Ethereum Treasury to Accumulate 1,000,000 ETH

Bitmine Immersion Technologies has become the first corporation to accumulate more than a million ETH for its strategic treasury. On Monday, the firm announced that its ETH holdings had reached 1.15 million tokens worth around $4.9 billion. It added that this total is 317,126 more than a week ago, and the treasury value is around $2 billion higher relative to that period. 1/4 BitMine today announced ETH holdings of 1,150,263 tokens: – ETH holdings of 1,150,263 is valued at $4.9 billion ($4,300 ETH) – 317,126 more ETH than a week ago – $2.0 billion higher than a week ago link : https://t.co/o0YJ7yqrjs — Bitmine BMNR (@BitMNR) August 11, 2025 Ethereum Treasurys on Fire Bitmine launched its ETH treasury strategy on June 30 and has passed several key milestones since then, including becoming the largest Ether treasury in the world. With almost $5 billion in holdings, it also ranks as the world’s third-largest crypto treasury, behind only Strategy and Mara Holdings. “In just a week, Bitmine increased its ETH holdings by $2 billion to $4.96 billion, lightning speed in the company’s pursuit of the ‘alchemy of 5%’ of ETH,” said Tom Lee of Fundstrat, and chairman of Bitmine’s Board of Directors. The firm has the largest share of overall ETH treasury holdings with 34% of a total of 3.49 million ETH. The next closest is SharpLink, which has just under 600,000 ETH, or around 17%. Ethereum treasury companies, of which there are only 12, now hold 2.9% of the entire supply of the asset. Meanwhile, spot Ether ETFs hold around 5% of the total circulating supply. Bitmine (BMNR) is now one of the most widely traded stocks in the US, according to data from Fundstrat, which reported that the it has generated an average daily dollar volume of $2.2 billion. Its value has skyrocketed more than 1,300% since it started stacking and staking ETH and is also up 14.7% from Monday, reaching $60 in after-hours trading, according to Google Finance. The crazy mf actually did it. Tom Lee is the first to 1m ETH. New buys revealed show 1.2m ETH ($5 billion). In one month he’s made it 20% of the way to his goal to acquire 5% of all ETH supply. 12x faster than Saylor. We are past the moon headed toward the andromeda galaxy. pic.twitter.com/dlvf1tUmxv — RYAN SΞAN ADAMS – rsa.eth (@RyanSAdams) August 11, 2025 Ethereum Holds Its Ground Ether prices hit a three-and-a-half-year high of $4,350 on Monday, a level not seen since the bull market in late 2021. It retreated to $4,200 in the hours that followed but managed to reclaim $4,300 during the Tuesday morning Asian trading session, indicating that the rally may not be over yet. ETH is now just 12% away from its all-time high, almost four years ago. Meanwhile, Ether spot ETFs have seen their highest inflow since inception at just over $1 billion on Monday. The post Tom Lee’s Bitmine Becomes First Ethereum Treasury to Accumulate 1,000,000 ETH appeared first on CryptoPotato .

12 Aug 2025, 21:12

Ether, Cardano, XRP Among Cryptos Taking New Leg Higher as Scott Bessent Floats 50 Basis Point Rate Cut

Altcoins added to their rally during late Tuesday U.S. afternoon hours after Treasury Secretary Scott Bessent suggested the Federal Reserve should consider a 50 basis point rate cut at its upcoming September meeting. "The real thing now to think about is should we get a 50 basis-point rate cut in September," Bessent told Fox News. Bessent added that the Fed could have cut rates in June if it had been given accurate data, which he described as a “foundational issue" at the central bank. Markets had already about fully priced in a 25 basis point move in September, but the idea of 50 basis points appeared to juice things further. To be sure, Bessent is Treasury Secretary and not a member of the Federal Reserve, let alone its chairman. Bessent, however, has been tasked by President Trump with selecting a replacement for Fed Chair Powell, so his words surely carry some weight. Already higher on the day, ether jumped further, now higher by nearly 9% over the past 24 hours and above $4,600 for the first time since November 2021. Other moves include cardano (ADA), solana (SOL) and litecoin (LTC), each ahead about 8% over the past 24 hours, while XRP (XRP) is up 3.5%. Bitcoin (BTC) bulls stayed on the sidelines during today’s rally, which also lifted equity markets by more than 1%. The cryptocurrency is trading at $120,000, little changed over the past 24 hours. The dollar weakened against all major currencies. The rally got started early on Tuesday morning after new data showed consumer prices rising roughly in line with estimates in July.

12 Aug 2025, 21:10

Starlink successfully demonstrate direct-to-cell satellite technology in Ukraine

Elon Musk’s Starlink has successfully demonstrated its direct-to-cell satellite technology in Ukraine. Kyivstar will become the first operator in Europe to bring Starlink’s direct-to-cell technology to the market. The pilot test took place in the Zhytomyr region, where Kyivstar’s CEO, Oleksandr Komarov, and Ukraine’s Minister of Digital Transformation, Mykhailo Fedorov, exchanged messages using ordinary smartphones connected through the new system. Musk’s Starlink successfully tested in Ukraine Ukraine’s largest mobile operator, Kyivstar, announced on Tuesday that it has successfully carried out the first field test of Elon Musk’s Starlink direct-to-cell satellite technology in Eastern Europe. The successful demonstration is good news for Ukrainian interests, who have funneled efforts into maintaining reliable communications through Russian attacks, which frequently disrupt mobile and internet connectivity in parts of the country. Starlink’s direct-to-cell technology allows standard mobile phones to connect directly to satellites in orbit without requiring additional equipment. This could be the answer to maintaining communications during emergencies, especially in areas where cell towers are damaged or destroyed. The direct-to-cell service works by equipping satellites with advanced cellular modems that function like cell towers in space. These satellites beam signals directly to mobile phones on the ground, allowing voice, text, and eventually broadband data services to work without relying on physical network infrastructure. “Direct-to-cell technology aims to provide reliable connectivity when terrestrial networks are unavailable,” Kyivstar said in its statement. Commercial rollout plans set for later this year Starlink’s satellite connectivity infrastructure has drawn interest from telecom operators attempting to fill coverage gaps in remote regions. Terrestrial networks can be expensive to operate in sparsely populated areas or difficult-to-access locations such as mountainous terrain. SpaceX, which owns Starlink, has already signed direct-to-cell service agreements with telecom providers in 10 countries. Following the successful test, Kyivstar and Starlink intend to launch the commercial phase of the service in the fourth quarter of 2025, starting with messaging capabilities. According to Komarov, mobile satellite broadband data is expected to be available to a broader audience at the beginning of 2026. Kyivstar’s parent company, VEON, is also talking to other satellite connectivity providers, including Amazon’s Project Kuiper , to expand mobile satellite services beyond Ukraine. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.

12 Aug 2025, 21:10

Circle Shares: A Crucial Public Offering for the USDC Issuer

BitcoinWorld Circle Shares: A Crucial Public Offering for the USDC Issuer The cryptocurrency world is buzzing with significant news as Circle, the prominent issuer behind the USDC stablecoin , prepares for a major move. They are planning a substantial sale of their Circle shares , a development that could reshape their future and impact the broader crypto stock market . This strategic decision marks a pivotal moment for the company and its investors. What’s Happening with Circle’s Class A Shares? Circle recently filed documentation for a public offering, aiming to sell 10 million shares of its Class A common stock . This significant step was initially reported by Solid Intel via X, drawing considerable attention across the financial and crypto sectors. The offering is structured in two parts, demonstrating a clear strategy for capital generation and liquidity: Two million shares will come directly from Circle itself. This portion represents fresh capital for the company, intended to fuel its ongoing operations and future initiatives. The remaining eight million shares are being made available by existing shareholders. This allows early investors or founders to realize some of their gains, providing them with liquidity. This dual approach provides liquidity for current stakeholders while also injecting new funds into Circle’s operations. It is a common strategy for companies seeking to go public or raise additional capital from the market. Why is This Circle Public Offering So Important? A Circle public offering of this magnitude carries immense weight, not just for the company but for the entire digital asset ecosystem. It signifies a maturation of the crypto industry, attracting traditional investors to a sector once considered niche and volatile. Potential Impacts of this Offering: Increased Capital: The funds raised can fuel Circle’s innovation, expansion into new markets, and enhance its technological infrastructure, strengthening its position. Enhanced Transparency: As a publicly traded entity, Circle will face greater scrutiny and reporting requirements. This increased transparency can potentially boost investor confidence in the stability and backing of the USDC stablecoin . Market Validation: A successful offering could pave the way for other crypto-native companies to explore similar paths, further integrating digital assets into mainstream finance and the crypto stock market . However, the offering also brings challenges, including navigating market volatility and meeting the expectations of a broader investor base accustomed to traditional financial metrics. Understanding the USDC Stablecoin Issuer’s Strategic Move Circle’s primary role as the issuer of the USDC stablecoin places it at the heart of the crypto economy. USDC is one of the largest stablecoins by market capitalization, widely used for trading, lending, and payments across various blockchain networks globally. This share sale could be a strategic move to: Strengthen Reserves: Bolster the reserves backing USDC, ensuring its peg to the U.S. dollar remains robust and transparent, which is critical for user trust. Fund Product Development: Invest in new products and services, such as Web3 payment solutions or institutional crypto offerings, expanding Circle’s ecosystem. Regulatory Compliance: Allocate resources towards meeting evolving global regulatory standards. This is crucial for a stablecoin issuer operating in an increasingly scrutinized environment. The decision to offer Class A shares reflects a forward-thinking approach, aiming to secure Circle’s position as a leader in the evolving digital finance landscape and ensure its long-term stability. How Does This Impact the Crypto Stock Market? The entry of more established crypto companies like Circle into traditional financial markets through public offerings can significantly influence the crypto stock market . It blurs the lines between conventional equities and digital assets, offering new avenues for diversification for investors. For investors, this development means: Direct Exposure: A chance to invest directly in a major player in the crypto space without necessarily holding volatile cryptocurrencies themselves. Diversification: Adding a stablecoin issuer’s stock to a portfolio can offer a different risk profile compared to investing directly in more volatile digital assets. Market Sentiment: The success or struggles of such offerings can reflect broader investor appetite for crypto-related assets, influencing future investment trends. This move highlights a growing trend where crypto innovation is increasingly intersecting with traditional finance, creating hybrid investment opportunities and expanding the reach of the digital economy. In conclusion, Circle’s planned sale of 10 million Circle shares is a landmark event for the company and the wider crypto industry. It not only provides fresh capital for the USDC stablecoin issuer but also signifies a growing maturity within the broader crypto ecosystem. As this Circle public offering unfolds, its implications will be closely watched by investors, analysts, and regulators alike, potentially setting a precedent for future public listings in the dynamic crypto stock market . Frequently Asked Questions (FAQs) 1. What is Circle’s public offering? Circle, the issuer of the USDC stablecoin, is planning a public offering of 10 million shares of its Class A common stock. This move aims to raise capital and provide liquidity for existing shareholders. 2. How many Class A shares is Circle selling? Circle plans to sell a total of 10 million Class A shares. Two million shares will come directly from Circle, and eight million shares will be offered by existing shareholders. 3. What is the significance of this offering for the USDC stablecoin? As the issuer of the USDC stablecoin, Circle’s public offering could enhance its financial stability, fund strategic initiatives, strengthen reserves, and potentially increase transparency, benefiting the USDC ecosystem. 4. How might this impact the broader crypto stock market? This significant Circle public offering could attract more traditional investors to crypto-related companies, validate the maturity of the digital asset industry, and offer new investment avenues within the crypto stock market. 5. Who reported this news about Circle shares? The initial report about Circle’s public offering of Class A shares was made by Solid Intel via X (formerly Twitter). If you found this article insightful, consider sharing it with your network! Your support helps us continue providing valuable updates on the evolving crypto landscape. Share on Twitter, LinkedIn, or your preferred social media platform! To learn more about the latest crypto market trends, explore our article on key developments shaping the crypto market institutional adoption. This post Circle Shares: A Crucial Public Offering for the USDC Issuer first appeared on BitcoinWorld and is written by Editorial Team

12 Aug 2025, 21:10

SharpLink Gaming’s $400M Raise Signals Growing Institutional Confidence in Ethereum’s Future Potential

SharpLink Gaming has raised $400 million to boost its Ethereum holdings to over $3 billion, indicating strong institutional confidence in ETH’s future. SharpLink Gaming’s $400M raise will boost its Ether