5 Aug 2025, 12:15

Weekly On-Chain Report (July 28 – Aug 3): Whales Bought $4.4 Billion in BTC and ETH as Retail Panicked

Weekly market recap shows a disconnect between falling prices and bullish on-chain activity Publicly listed companies bought over 31,000 BTC, worth $3.61 billion, last week New whale wallets accumulated over 225,000 ETH, valued at $819 million, during the dip While Bitcoin (BTC) and Ethereum (ETH) saw a technical pullback in prices last week, a look behind the scenes at on-chain data shows that institutional and whale investors were doing the exact opposite: buying the dip in massive quantities. The week of July 28 to August 3 saw BTC fall below $112,000 and ETH dip under $3,400, leading to a significant cooling of trading activity across spot and derivatives markets. However, the data reveals this was a period of quiet and heavy accumulation by some of the market’s biggest players. Markets Cool Off Following July Volatility Following a surge to an all-time high of $123,400 on July 14, Bitcoin entered a corrective phase, retreating by approximately 7% to the $114,000 range. Analysts like “oinonen_t” attribute the decline to a combination of macroeconomic uncertainty, including inflation concerns and new tariff policies, and bearish technical signal… The post Weekly On-Chain Report (July 28 – Aug 3): Whales Bought $4.4 Billion in BTC and ETH as Retail Panicked appeared first on Coin Edition .

5 Aug 2025, 12:00

Cold Wallet’s $270M Deal Gains Edge Over Toncoin’s Treasury and AVAX’s Resistance

Some projects rely on promises. Others show action even before exchange listings. Many crypto tokens focus on attention and news, while a few deliver results ahead of time. Avalanche (AVAX) tests its key resistance level while traders wait for signs. Toncoin gains support from a major treasury move and wider wallet access. However, Cold Wallet ($CWT) presents early execution. With a $270 million Plus Wallet deal completed during presale stage 16, and the token still priced at $0.00942, early participants see more than just future potential. For those analyzing the top crypto to buy right now, this approach offers a solid example. AVAX Trades Near Resistance While Consolidation Holds Avalanche (AVAX) continues to test resistance around the $27 level. After a 4.7% drop over the past week, it remains within a broad upward trend. The market is showing signs of steady behavior rather than major weakness, supported by stable trading volume. Current signals still point to the $36 range as a possible target if AVAX breaks above $27. Meanwhile, price levels between $23 and $24 have held firm, acting as support and matching earlier breakout zones. Toncoin’s Treasury Move Brings Institutional Support Toncoin (TON) shows a stronger connection between development and price action. The creation of a $400 million treasury through a partnership with Kingsway Capital highlights trust from institutional players. This deal, structured through a PIPE model, aims to steady token flow and demand. Telegram’s release of the TON Wallet to U.S. users has also improved access. More than 87 million people can now send, receive, and stake Toncoin directly, pushing the platform closer to wide usage. So far, Toncoin’s price has moved up by 2 to 3 percent, and indicators show mild strength. Overall, Toncoin’s recent steps suggest a base of solid progress rather than short-term signals. Cold Wallet’s $270M Deal Validates Early Backer Confidence Before Cold Wallet reached any trading platform, it closed one of the most notable crypto acquisitions of the year: a $270 million deal to acquire Plus Wallet. For those who joined at the presale stage 1, this was not just good news. It confirmed their belief in the project. Many other presales rely on future claims, unclear timelines, and market buzz. Cold Wallet took a different route. It secured a large acquisition while its token remained priced at $0.00942 per CWT. That price still holds now, with the project currently in its 16th presale stage out of a total of 150. It has already raised $5.5 million during the new crypto presale , showing strong early interest. This shows a rare case of real action taking place before the token becomes public. This move brings real users, with two million from Plus Wallet, along with a wider market presence. And it all happened before CWT officially launched. For those who joined early, it confirms that their support was built on purpose, not on empty signals. Cold Wallet’s focus has always been to give back to users through rewards, not to take from them. For anyone looking for the top crypto to buy right now, Cold Wallet gives more than a claim. It shows action. It shows that the team can move with purpose. It shows that the plan is built on clear steps, not just on ideas. And it shows that being early was about seeing value before others did. What Makes Cold Wallet’s Progress Stand Out Now Speculation can gain attention. Action builds trust. Avalanche is still testing resistance levels. Toncoin keeps adding features and support from new partners. But Cold Wallet has done something different. It completed a $270 million deal before even listing on exchanges. This directly connects with early buyers who chose to support a project already showing progress. CWT remains in stage 16 of its presale, priced at $0.00942. The model is centered on giving rewards for actual use. Cold Wallet stands out not for what it might do later, but for what it has already done. In a space often full of talk, showing proof is a clear difference. And that is what makes it part of the conversation around the top crypto to buy right now. Explore Cold Wallet Now: Presale: https://purchase.coldwallet.com/ Website: https://coldwallet.com/ X: https://x.com/coldwalletapp Telegram: https://t.me/ColdWalletAppOfficial The post Cold Wallet’s $270M Deal Gains Edge Over Toncoin’s Treasury and AVAX’s Resistance appeared first on TheCoinrise.com .

5 Aug 2025, 12:00

‘Biggest macro trend’- BitMine’s Ethereum treasury holdings hit $3B

ETH's narrative has remained strong compared to SOL since Q2.

5 Aug 2025, 11:45

Bitcoin on Cusp of Entering Euphoria Phase As ‘Bulletproof’ Bull Market Expands, Says On-Chain Analyst

Bitcoin ( BTC ) is on the verge of entering ‘the euphoria phase,’ according to a popular on-chain analyst. The pseudonymous analyst known as Checkmate says in a new interview on the What Bitcoin Did podcast that a few dynamics are starting to materialize that indicate the current BTC bull run could be “bulletproof.” Says Checkmate, “We’ve got the bear market recovery, where there’s a lot of PTSD. This is really 2023. Everyone was like fearing the ghost of Sam Bankman-Fried was going to come back, and we’re going back to zero. But we just never got that lower high, and it just kept drifting higher. Then we got the excitement phase, you start getting up towards the all-time high. I thought that we would’ve moved into the euphoria phase already, because in past cycles we have, but I think we’re getting there. Look at the treasury company trend. Derivatives leverage is pretty much at an all-time high. We’re closing on like 5.8% of the Bitcoin market cap for futures and options. So it’s getting leverage. As I said, I’ve had people call me saying, ‘How do I lever up my Bitcoin to buy more Bitcoin?'” Checkmate notes that leaving a stair-stepping pattern and gaining “serious momentum to the upside” will make the chart unsustainable and start bringing BTC “closer to a meaningful top.” Bitcoin is trading at $114,833 at time of writing. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: FLUX The post Bitcoin on Cusp of Entering Euphoria Phase As ‘Bulletproof’ Bull Market Expands, Says On-Chain Analyst appeared first on The Daily Hodl .

5 Aug 2025, 11:30

Brazilian Lawmaker’s Strategic Bitcoin Reserve Bill Set for ‘Historic’ Public Hearing

A Brazilian strategic Bitcoin reserve proposal will be debated in parliament later this month, with domestic crypto executives and government officials set to attend. The Brazilian media outlet Livecoins called parliament’s decision to hold the hearing “a historic first.” The Chamber of Deputies is set to host the hearing on August 20. The bill in question was tabled by the pro-crypto lawmaker Eros Biondini in November 2024 . The bill calls for Brazil’s Treasury to start diversifying its asset holdings by buying Bitcoin (BTC) and other “secure” cryptoassets. Brazilian Strategic Bitcoin Reserve: Aug 20 Hearing Date Set Lawmakers such as Luiz Philippe de Orleans e Bragança have been calling for a public hearing on the proposal since late June, when the Chamber’s Economic Development Commission began deliberating on it. The Brazilian Chamber of Deputies. (Source: José Cruz/Agência Brasil [CC BY 3.0 br]) The hearing will feature a debate on the merits and drawbacks of a proposed Brazilian strategic Bitcoin reserve. The hearing will be held in Annex II of the Chamber of Deputies in Brasília at 4 pm local time. The Chamber is yet to confirm a list of attendees. However, Livecoins says it has “learned” that guests will include Diego Kolling, the head of Méliuz’s Bitcoin strategy department. Méliuz is a B3 stock market-listed Brazilian payments firm that has unveiled plans to spend millions of dollars on establishing its own BTC treasury . Rubens Sardenberg, the Chief Economist at FEBRABAN, the largest Brazilian banking federation, is also reportedly attending. The Brazilian Cryptoeconomics Association (ABcripto), the nation’s Central Bank, the Ministry of Finance, and the Ministry of Development, Industry, Commerce, and Services are also expected to send representatives. Brazil's Supreme Court orders the house arrest for former President Jair Bolsonaro, a Trump ally https://t.co/Md9yzI3bmr — Economic Times (@EconomicTimes) August 5, 2025 ‘A Relevant, Ongoing Issue’ The media outlet opined that the public hearing is “confirmation that the issue of whether there should be a Brazilian strategic Bitcoin reserve remains a relevant, ongoing issue.” It added: “Brazilian legislation could be modernized in line with global trends. The United States, for example, is also discussing the creation of its own reserve and could become a global leader in this regard.” However, the proposal has many obstacles to clear before it can become law. The chamber is yet to table a vote for the draft law. And should it pass the lower chamber, it would then need approval from both the Senate. It would then require approval from the President. In June, Biondini unveiled a separate draft law, calling for the government to do away with taxes on long-term crypto investment . The post Brazilian Lawmaker’s Strategic Bitcoin Reserve Bill Set for ‘Historic’ Public Hearing appeared first on Cryptonews .

5 Aug 2025, 11:25

BitMine Immersion Adds 208K ETH, Surpasses $3B in Holdings Amid Price Surge

BitMine Immersion Technologies, chaired by Fundstrat’s Tom Lee, has added another 208,137 Ether (ETH) to its growing crypto treasury, bringing its total holdings to 833,137 ETH. The latest accumulation, disclosed in a company statement on Monday, now places BitMine’s Ethereum assets above $3 billion in value, as ETH briefly climbed to $3,730 during the day before settling at $3,654, according to CoinGecko data . This rapid acquisition makes BitMine the fourth-largest crypto treasury globally , trailing only Strategy, MARA Holdings, and Twenty One Capital. Notably, the firm has implemented its Ethereum-focused treasury strategy just 35 days ago, and has already outpaced SharpLink Gaming to become the largest ETH-holding firm. The company’s aggressive strategy is backed by prominent investors including ARK Invest CEO Cathie Wood , billionaire Bill Miller III, and famed macro investor Stanley Druckenmiller. The swift accumulation underscores growing institutional confidence in Ethereum as the digital asset seeks to catch up to Bitcoin and Solana in this cycle’s rally. BitMine Races Toward ETH Dominance BitMine’s momentum has also sparked a treasury arms race among Ethereum-focused firms. SharpLink now ranks second with 438,200 ETH , valued at roughly $1.61 billion. On the other hand, The Ether Machine holds 345,400 ETH after a fresh $40 million purchase on Monday. The Ethereum Foundation and PulseChain SAC round out the top five, holding 232,600 and 166,300 ETH, respectively, based on StrategicETHReserve data . Tom Lee commented on the pace of BitMine’s growth, saying, “We moved with lightning speed in our pursuit of the ‘alchemy of 5%’ of ETH, growing our holdings from zero to over 833,000 in just over a month.” He highlighted that BitMine has distinguished itself not only through rapid asset accumulation but also by maintaining high stock liquidity and raising crypto NAV (net asset value) per share efficiently. Market Outlook: August Rally on the Horizon In an interview with CNBC, Lee suggested that the current economic backdrop could favor another bullish leg in crypto. He pointed to labor data indicating a softening job market, which may prompt the Federal Reserve to ease monetary policy. “I think we’re going to rally pretty strongly in August,” he said, predicting the S&P 500 could revisit all-time highs soon. Given crypto’s tight correlation with broader equities, a market rebound could push Ether higher, further boosting BitMine’s already sizable treasury position. The post BitMine Immersion Adds 208K ETH, Surpasses $3B in Holdings Amid Price Surge appeared first on TheCoinrise.com .