News
12 Aug 2025, 09:46
Bitcoin (BTC) Testing Breakout: Real Rally or Fakeout Ahead?
Not only has this Bitcoin dip back to the top of its bull flag closed the CME gap at $119,000, it has also retested support at $118,000. Could this dip take the price back into the bull flag (fakeout), or will this just be a normal retest before $BTC heads back towards its all-time high? Doubts creeping in for the bulls? Source: TradingView When $BTC broke out of its bull flag and surged to just over $122,000 it really did look as though this was going to be the beginning of the next leg higher. Of course, it still may be. There is the possibility that the price has just come back to close the CME gap at $119,000 and test the support at $118,000 before returning to head higher. That said, a few little doubts for the bulls are perhaps creeping in. The price has so far remained around the $119,000 support. Could there be another dip to retest the top of the bull flag? Or in the worst case scenario could the price even reenter the flag and confirm a fakeout? The RSI at the bottom of the chart reveals that the indicator line has crossed down below the uptrend. This is a low time frame, so perhaps too much shouldn’t be drawn into it. However, this trendline did start at the lowest point of the price rally back into the bull flag, and this strong dip below the uptrend of the indicator line looks to be signalling that this particular rally could be over. The Stochastic RSI indicators on this time frame are practically at the bottom, although the 8-hour and 12-hour Stochastic RSIs still require a lot more time to reset. Bearish daily candle for Monday Source: TradingView With one exception, the picture on the daily time frame looks more positive for the bulls. The one exception is the quite negative looking candle for Monday. The strong surge to the upside, followed by the dip back down to support, left a lengthy candle wick behind, which as things stand is revealing a bearish double top pattern. In favour of the bulls, the dip back down tested the support band, which also coincides with the top of the bull flag. There is a small ascending trendline which is so far holding. If the price bounces from here, this will have been a standard test and confirmation of the breakout. At the bottom of the chart, the RSI indicator line will need to be watched closely. There is the possibility that a retest of the descending trendline plus the 50.00 level could take place. $119,000 is major level for rally or breakdown Source: TradingView For the weekly chart view it is still very early to be making any strong assumptions. This said, the $119,000 level can be seen to be the major level for whether this current breakout rally continues, or whether a breakdown back into the bull flag and perhaps an even more bearish scenario plays out. As already mentioned, a confirmation of the bull flag breakout is absolutely fine. The fact that the surge out of the flag was so strong just means that the price has further to come down in order to make this confirmation. At the bottom of the chart the indicators in the Stochastic RSI are making their way down. They may have gone too far down now for a bounce from the 80.00 level, therefore, the next chance for the bulls is at the 50.00 level. If no bounce comes there, these indicators could carry on down to the bottom. If they do, price action is also likely to fall. It would just be a case of how far would it fall before the Stochastic RSI indicators were able to reset and head back up. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
12 Aug 2025, 09:45
Shiba Inu Developer Addresses LEASH Supply Increase and Proposes LEASH v2 Amid Community Concerns
The recent increase in Shiba Inu’s LEASH token supply by approximately 10% has raised significant concerns within the community, as developer Kaal Dhairya clarifies the implications of this change. LEASH’s
12 Aug 2025, 09:45
Multiverse Monkey MMON: A Bold 4.5 Billion Token Burn Ignites Excitement
BitcoinWorld Multiverse Monkey MMON: A Bold 4.5 Billion Token Burn Ignites Excitement Get ready for some exciting news from the blockchain gaming universe! Multiverse Monkey (MMON), the innovative Ethereum-based GameFi project, has just made a groundbreaking announcement on X. They plan to burn an additional 4.5 billion MMON tokens, a move that could significantly reshape the project’s future. This massive MMON token burn follows an initial 1.5 billion tokens already removed from circulation, out of a total supply of 10 billion MMON. It’s a strategic decision designed to create scarcity and potentially enhance value for the community. What Does the MMON Token Burn Mean for Investors? A token burn is essentially the permanent removal of cryptocurrency tokens from circulation. Think of it like taking physical money out of the economy and destroying it. When Multiverse Monkey MMON conducts this large-scale burn, it means those 4.5 billion tokens will never be spent, traded, or used again. This process reduces the total supply of MMON tokens available in the market. Scarcity: Fewer tokens in circulation can make each remaining token more valuable, assuming demand stays constant or increases. Value Proposition: It signals a commitment from the project team to long-term value and sustainability for their community. Investor Confidence: Such a move often boosts investor confidence, showing proactive management of the token economy. Why is Multiverse Monkey MMON Implementing This Strategy? Projects often conduct token burns for several compelling reasons. For Multiverse Monkey MMON, this strategy aims to bolster the token’s economics. By reducing the supply, the team intends to create a deflationary mechanism that can benefit holders. This approach aligns with common practices in the decentralized finance (DeFi) and GameFi sectors, where managing token supply is crucial for a healthy ecosystem. It demonstrates a clear vision for the project’s economic future and its dedication to enhancing the value proposition for its users and investors. How Does a GameFi Token Burn Impact Value? In the context of GameFi, a token burn holds particular significance. GameFi tokens like MMON are not just speculative assets; they often have utility within the game’s ecosystem, used for in-game purchases, rewards, or governance. When a GameFi token burn occurs, it can directly influence the in-game economy. For instance, if MMON tokens are used to purchase in-game assets, a reduced supply could make those assets more valuable or increase the demand for the remaining tokens. This can lead to a stronger and more vibrant in-game economy, benefiting players and token holders alike. Moreover, it strengthens the overall appeal of the Multiverse Monkey MMON project. What is the Cryptocurrency Burn Process? The process of a cryptocurrency burn is transparent and verifiable on the blockchain. Tokens are sent to a specific wallet address known as a ‘burner address’ or ‘null address.’ This address has no private key, meaning no one can ever access or spend the tokens sent to it. Once tokens are sent to this address, they are permanently removed from the circulating supply. This method ensures that the burn is irreversible and auditable by anyone on the Ethereum blockchain. It builds trust within the community, as the action is provable and not just an announcement. The Multiverse Monkey MMON team will provide transaction hashes for the burn, allowing everyone to verify the action. What is the Potential MMON Price Impact? The announcement of a significant MMON token burn often leads to speculation about its potential impact on the token’s price. While a reduced supply theoretically supports higher prices, several factors influence actual market movements. These include overall market sentiment, project development progress, adoption rates, and broader economic conditions. However, the intention behind such a large-scale burn is to create a positive long-term MMON price impact by making the token more scarce and, therefore, more desirable. Investors and enthusiasts will be closely watching how this strategic move plays out in the market. It’s always wise to conduct your own research and consider market dynamics before making investment decisions. The planned 4.5 billion MMON token burn by Multiverse Monkey MMON is a significant development for the GameFi project. By actively managing its token supply through this cryptocurrency burn, the team aims to enhance scarcity, potentially improve the MMON price impact, and foster a stronger, more sustainable ecosystem. This strategic move highlights Multiverse Monkey’s commitment to its community and the long-term success of its innovative GameFi platform. Frequently Asked Questions (FAQs) What is Multiverse Monkey MMON? Multiverse Monkey (MMON) is an Ethereum-based GameFi project that combines gaming with decentralized finance, offering users opportunities to play, earn, and engage within its unique ecosystem. Why are tokens burned? Tokens are burned to reduce their total circulating supply, which can increase scarcity and potentially boost the value of the remaining tokens. It’s a common strategy for managing tokenomics and showing commitment to long-term project health. How does the MMON token burn affect the total supply? Multiverse Monkey MMON initially issued 10 billion tokens. With 1.5 billion already burned and an additional 4.5 billion planned, a total of 6 billion MMON tokens will be removed, leaving 4 billion in circulation. Is a token burn good for investors? Generally, a token burn is seen as a positive development for investors as it aims to create scarcity and can lead to an increase in the token’s value. However, actual market performance depends on many factors beyond just the burn. How can I verify the MMON token burn? Token burns are recorded on the blockchain. The Multiverse Monkey team will likely provide transaction hashes (TxIDs) which you can use on an Ethereum block explorer (like Etherscan) to verify that the tokens have been sent to an unrecoverable burn address. Did you find this article insightful? Help us spread the word about Multiverse Monkey MMON’s exciting token burn! Share this article on your social media channels and let your network know about this significant development in the GameFi space. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action. This post Multiverse Monkey MMON: A Bold 4.5 Billion Token Burn Ignites Excitement first appeared on BitcoinWorld and is written by Editorial Team
12 Aug 2025, 09:45
Famed Crypto Whale Machi Big Brother’s $30M Profit on ETH, HYPE, and PUMP
Famed crypto whale Machi Big Brother’s trading portfolio is now showing over $30 million in profit His top three holdings are a $51M position in Ethereum (ETH), plus HYPE and PUMP tokens The portfolio shows mixed short-term results, with HYPE down 7% and PUMP up 7% The trading portfolio of famed crypto whale “Machi Big Brother” is back in the black, now showing over $30 million in profit. A look at his top three holdings, Ethereum, Hyperliquid, and PUMP, reveals a mixed bag of performance that perfectly captures the current state of the crypto market. Machi Big Brother( @machibigbrother )’s profits are back — now exceeding $30M. He is long on $ETH , $HYPE , and $PUMP . Current positions: 11,900 $ETH ($51M) 500,000 $HYPE ($21.68M) 250M $PUMP ($907.5K) https://t.co/fk2wRZjZpx pic.twitter.com/PkYpMZzLOM — Lookonchain (@lookonchain) August 12, 2025 Ethereum (ETH): The Stable Anchor Ethereum continues to be the anchor of Machi’s portfolio, with his 11,900 ETH stake now valued at roughly $51 million. The cryptocurrency trades near $4,301 , showing only a marginal daily dip. Over the past 24 hours, prices fluctuated within a tight $4,150 to $4,350 range. Bull… The post Famed Crypto Whale Machi Big Brother’s $30M Profit on ETH, HYPE, and PUMP appeared first on Coin Edition .
12 Aug 2025, 09:43
Historic Day for Ethereum: Ethereum ETFs Break Record! Analyst Explains Why ETH Has Underperformed So Far!
Ethereum's recent surge has brought it into the spotlight. This has also positively impacted spot ETH ETFs. As ETH continues its steady rise, US spot Ethereum ETFs saw a total net inflow of $1.02 billion on August 12, data shows. Accordingly, the total net inflow of spot Ethereum ETFs reached an all-time high, while BlackRock's Ethereum ETF ETHA also recorded the largest net inflow in history. The $1.02 billion inflow was the largest single-day total since the ETH ETF's launch. It also marked the first time daily inflows exceeded $1 billion. According to Farside Investors data, BlackRock’s ETHA fund led the way with $639.8 million in inflows, followed by Fidelity’s FETH fund with $276.9 million and Grayscale’s mini ETH fund with $66.6 million. Grayscale's ETHE fund saw inflows of $13 million, Van Eck's ETHV fund $9.4 million, Franklin's EZET fund $4.9 million, Bitwise's ETHW fund $4.30 million, and 21Shares' CETH fund $3.9 million. While ETH ETFs saw the largest inflow since their launch, ETF Store president Nate Geraci stated that ETFs are underestimated. Geraci said that ETH ETFs have been underestimated due to institutional investors' lack of understanding of Ethereum to date. However, he added that the situation has changed and institutional investors have started to show interest in ETH and ETH is now being seen as the backbone of the financial markets. “There is a feeling that spot Ethereum ETFs are seriously undervalued because tradfi investors don't understand ETH… Bitcoin had a nice, clean description: “digital gold” However, it takes longer for investors to understand ETH. Now Ethereum is being talked about as the backbone of the future financial markets.” *This is not investment advice. Continue Reading: Historic Day for Ethereum: Ethereum ETFs Break Record! Analyst Explains Why ETH Has Underperformed So Far!
12 Aug 2025, 09:42
Traders Eye Shiba Inu’s Potential Breakout Amid Market Movements
Shiba Inu targets $0.000014; supported by 50-day EMA. A potential symmetrical triangle formation indicates possible upward momentum. Continue Reading: Traders Eye Shiba Inu’s Potential Breakout Amid Market Movements The post Traders Eye Shiba Inu’s Potential Breakout Amid Market Movements appeared first on COINTURK NEWS .
