News linked to both this project and an event.
Odaily News: CryptoQuant analyst Darkfost stated that Bitcoin (BTC) is currently attempting to reclaim the "Active Supply Cost Basis" level.Darkfost noted that active supply refers to all BTC that has been transferred at least once within the past 7 years. By excluding long-dormant Bitcoin, a more accurate average cost basis that aligns with the current market structure can be obtained, with its Realized Price standing at approximately $70,400.He stated that the last time Bitcoin successfully reclaimed this level was in early April, before the market fell back below this zone again in early June, with sellers reasserting dominance.Darkfost said that if BTC can sustain its position above the active supply cost basis this time, it could signal the market is forming a longer-term uptrend, rather than the brief breakout that lasted only about two months previously.This metric is commonly used by the market to observe changes in long-term holder costs and Bitcoin market cycle status. Whether BTC can firmly hold near the $70,400 level will become a key indicator for future bullish and bearish forces.
Odaily News, Garrett Jin, proxy for the "BTC OG Insider Whale," analyzed that Bitcoin's latest breakout above $70,000 was driven by multiple bullish factors, including the U.S. Treasury's expanded bond buybacks, the SEC's proposed crypto asset regulatory framework, and the White House crypto summit. The current price has entered a dense overhead supply zone ranging from the mid-$60,000s to the low $80,000s, with the first resistance layer already showing signs of weakening.Garrett Jin pointed out that the significant accumulation of new cost basis in the mid-$60,000 area over the past two months has provided underlying support for this breakout. While the short-squeeze triggered by short liquidations could temporarily push Bitcoin above $80,000 in the near term, the $80,000 to $82,500 range is a critical resistance zone to watch, and the short-squeeze momentum is unlikely to persist. If the market can effectively absorb supply below $80,000 before a breakout, it would be more conducive to a healthier subsequent trend.On the same day, SK Hynix announced South Korea's largest-ever stock buyback and cancellation plan, committing to return at least 50% of its projected free cash flow through 2027 to shareholders. Its shares surged over 10% at one point, triggering a buy-side circuit breaker on South Korea's KOSPI index. Analysts believe this move could alleviate market concerns over declining risk appetite for Korean semiconductor stocks, but it cannot alter the cyclical trajectory of the memory chip industry itself.
Odaily News - Bitcoin extended its gains on Wednesday and climbed above $72,000 on Thursday, reaching its highest level since June 1.Market analysis suggests that the recent rally is primarily driven by easing pressure in the U.S. Treasury market. The White House's earlier signals of support for Treasury market stability alleviated investor concerns over bond market volatility. However, the longer-term trajectory still depends on changes in Federal Reserve liquidity policy.Analyst Pedro Fontes noted that if the world's largest debt market requires policy support to maintain stable operation, it would further strengthen demand for assets that are scarce, predictable, and not reliant on government debt expansion—characteristics that Bitcoin aligns with. Meanwhile, the U.S. dollar index fell 0.88% to 98.77 yesterday, hitting a fresh low since May.Strive Founder and CEO Matt Cole stated that the dollar index has been in a long-term "structural downtrend," and a weaker dollar could create a more favorable investment environment for assets like Bitcoin. Markets will continue to monitor the White House's further remarks on the bond market, shifts in geopolitical conditions, and U.S. initial jobless claims data today, as these factors could influence Treasury yields and market liquidity expectations. (CoinDesk)
Odaily News – Geoff Kendrick, Head of Digital Assets Research at Standard Chartered Bank, stated that Bitcoin (BTC) could rise to $100,000 by the end of 2026 as the U.S. Treasury expands liquidity support for the long-term bond market.In a recent client report, Kendrick noted that Bitcoin's current key technical resistance level is $65,500. If the price breaks through this level, it could signal that the cyclical low for this market cycle has already formed. He suggested investors begin positioning for a Bitcoin rally to $100,000 by year-end. Kendrick stated that beyond the four-year cycle pattern for Bitcoin, which suggests the market may be nearing a bottom, the U.S. Treasury's recent announcement to expand long-term bond buybacks is also a significant catalyst.The U.S. Treasury plans to raise the cap on buyback operations for 10- to 20-year and 20- to 30-year Treasury bonds from $2 billion to at least $4 billion per operation. The expanded program is scheduled to be implemented from September 9 to November 4. Following the announcement, yields on long-term U.S. Treasuries notably declined, easing the pressure that the significant sell-off in the bond market had placed on financial markets.Kendrick believes the Treasury's expanded bond buybacks represent a "favorable environment for Bitcoin," as Bitcoin has previously benefited multiple times from government liquidity interventions, while its fixed supply mechanism gives it properties that hedge against currency debasement. In the market, Bitcoin rose over 6% on Wednesday, briefly approaching $69,000, marking its highest level since early June. Kendrick has previously been repeatedly bullish on Bitcoin's long-term trajectory, arguing that as global fiscal pressures increase and monetary policy trends toward easing, Bitcoin may enter a new long-term upward cycle. (Cointelegraph)
According to Lookonchain, the whale address "TLBL" has experienced another major asset security incident, with cumulative losses exceeding $50 million. Of this total, the address previously lost approximately $24 million due to a phishing attack two years ago; in the latest incident, it is suspected that over $26 million in assets across 3 wallets were completely transferred out due to a private key leak. This incident has once again sparked market concern regarding security management risks for high-net-worth on-chain addresses.
Well-known trader Killa stated that Bitcoin remains in a narrow range consolidation phase in the short term, with $65,300 being the current key threshold.
Odaily News - Investment firm Bernstein recently released a report assigning different ratings to two major Bitcoin miners transitioning to AI infrastructure: maintaining an "Outperform" rating on CleanSpark with a price target of $24, and initiating coverage on MARA Holdings with a "Market-Perform" rating and a price target of $17.Bernstein analysts stated that the core reason for the valuation divergence between the two companies lies in their differing progress in executing AI infrastructure transitions. CleanSpark has already signed an anchor tenant agreement for an AI data center and commenced construction, while MARA is still awaiting its first commercial AI contract.Regarding CleanSpark, the company previously announced the signing of a 20-year triple-net lease agreement with a global high-investment-grade technology firm, covering 175MW of IT capacity at its Sandersville, Georgia project. The agreement also includes exclusive cooperation arrangements for CleanSpark's total 885MW asset portfolio in Texas. Bernstein believes that CleanSpark's collaboration with tenant-designated engineering and construction contractors helps mitigate risks associated with its first large-scale AI infrastructure deployment. The first data center hall is expected to become operational in the fourth quarter of 2027.In contrast, Bernstein's assessment of MARA is more cautious. Analysts pointed out that the first commercial AI contract will serve as a key catalyst for a re-rating of MARA's stock, noting that company management previously indicated expectations of signing at least two AI lease agreements by the end of this year. (The Block)
According to Glassnode data reported by Odaily, the $63,000 level is emerging as a key support and battleground zone for Bitcoin (BTC) in the current market. Over the past few weeks, Bitcoin has continued to trade within the $60,000 to $67,000 range, with over 3% of BTC's circulating supply—approximately 515,000 BTC—having a cost basis concentrated near $63,000. Additionally, more than 362,000 BTC is concentrated in the $61,000 area. Glassnode notes that only the $78,000 to $82,000 range currently has a higher supply density than this zone, corresponding to Bitcoin's May cyclical peak.Furthermore, Bitcoin's current price nearly coincides with the 200-week moving average. Glassnode data shows that the 200-week MA currently stands at approximately $63,657, while BTC's price is around $63,822, indicating significant historical accumulation and strong cost support in this area.Looking at the 30-day cumulative Accumulation Trend Score, all types of investors are currently in a net accumulation state, with retail buying momentum being the most pronounced. Meanwhile, whale addresses holding more than 1,000 BTC continue to increase their positions, suggesting that long-term capital is still positioning itself. The $63,000 level has become a critical price band in Bitcoin's short-term market structure, and investor accumulation behavior may provide important reference for future price movements. (CoinDesk)
Trader Doctor Profit stated that his current key positioning is the "Galactic Three", namely Circle, Coinbase, and ETH, believing that the three correspond to compliant stablecoin issuance, crypto asset custody and trading, and tokenization and smart contract infrastructure respectively, and are core targets in the reshaping of the financial system in this new cycle.
According to The Block, Bitcoin rose above $65,800 on July 22, hitting a new high in over a month, with a monthly gain of approximately 2%. Spot Bitcoin ETFs recorded net inflows for the sixth consecutive day, with single-day net inflows of $203 million on Tuesday. Spot Ethereum ETFs recorded net inflows of $37.5 million on the same day, marking three consecutive days of positive inflows. Analysts have identified the next key resistance level near $68,000 — this price level represents the convergence zone of the short-term holder cost basis and the Q2 opening price, where a large number of trapped buyers will break even, and the first touch is expected to trigger massive selling pressure.
According to analyst thechessONCHAIN on CryptoQuant, Bitcoin NUPL (Net Unrealized Profit/Loss) is currently at 0.158, its 100-day Exponential Moving Average is 0.215, and the 30-day Exponential Moving Average is 0.155. On June 2, the 30-day moving average crossed below the 100-day moving average, indicating weakening market momentum, but both are currently still above the zero line.
Miller Tabak strategist Matt Maley and 22V Research technical strategist John Roque believe Bitcoin is at a key technical indicator level.Matt Maley stated that if Bitcoin declines further from its current level of around $60,000, it could amplify negative investor sentiment. Although Wall Street firms continue to invest in digital assets, retail investors, who have historically been the main force driving cryptocurrency rallies, have shifted their focus to high-growth AI and tech stocks. Recent significant outflows from Bitcoin ETFs indicate waning investor enthusiasm. Cryptocurrencies are also showing signs of decoupling from the stock market.John Roque noted that Bitcoin is retesting its first downside target of $60,000. If it breaks below this level, it implies a potential drop to $400,000. Matt Maley added that Congress might pass a crypto structure bill with clearer rules, which would reduce uncertainty and encourage institutional participation in the long run. Furthermore, Bitcoin ETFs experienced their largest monthly outflow since 2024 recently. (CNBC)
Analyst Ai pointed out that over the past decade, Bitcoin's 200-week simple moving average (200-week SMA) has been regarded as a core indicator for judging "cycle bottoms." Historically, every time the price touched or fell below this moving average, it was accompanied by a long-term macro accumulation window, followed by a strong upward cycle. Reviewing historical performance:August 2015: Touched the 200-week MA and then started a bull run, with cumulative gains exceeding 8,500%December 2018: Bounced approximately 267% after testing this moving averageMarch 2020: Confirmed support after bottoming out due to the pandemic liquidity shock, followed by a rise of 1,125%June 2022: Fell below for the first time and remained below the moving average for a long period until reclaiming it in December, which triggered a rally of approximately 680%In the current market, the 200-week MA is located around $63,500, while Bitcoin's current price is trading below $60,000. Analysts believe this has already entered a typical long-term value accumulation zone.At the same time, analysts also caution that potential downside risks remain. In the short term, a pullback to $54,000 is possible, and in extreme cases, testing the $40,000 range cannot be ruled out. However, overall, adopting a Dollar-Cost Averaging (DCA) strategy for gradual position building is more suitable.Regarding key observation points, the $63,500 level is seen as the "bull-bear dividing line." If Bitcoin can firmly reclaim and confirm the 200-week MA as macro support on a higher time frame, historical patterns suggest it could signal that the early stages of a new bull cycle have already begun.
Analyst Ali Charts believes that Bitcoin is currently in a historically significant long-term accumulation zone. He points out that the 200-week simple moving average has historically served as a key demarcation line between Bitcoin’s bull and bear cycles; regaining and holding above this level could signal the early stage of a new bull market.
According to The Wall Street Journal, blockchain public-chain data analysis shows that Iranian entities have conducted over $3.84 billion in transactions via the cryptocurrency exchange CoinEx to circumvent U.S. economic sanctions. Investigators traced funds linked to two digital wallets controlled by the Central Bank of Iran and found connections to the $1.5 billion stolen by North Korean hackers from the Bybit exchange. After flowing through complex, multi-layered transaction paths, these funds ultimately entered CoinEx—making it one of the central channels through which Iran uses cryptocurrencies to bypass sanctions.
According to iGB, the Curacao Gaming Authority (CGA) has officially released its Cryptocurrency Policy Guidelines for B2C online gambling licensees, requiring all group entities involved in cryptocurrency transactions to comply with global Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) frameworks, with a phased implementation deadline extended to mid-2027. Key requirements include: licensees may only accept cryptocurrencies for gambling purposes and must not act as exchanges, custodians, or Virtual Asset Service Providers (VASPs); mandatory deployment of blockchain analytics capabilities for wallet risk scoring and transaction monitoring; preference for fiat-backed stablecoins, while privacy coins, meme coins, and wrapped tokens with unclear provenance must be assessed or excluded; player, operational, and treasury wallets must be strictly segregated, with personal or UBO-associated wallets prohibited; funds linked to mixers, tumblers, or sanctioned addresses are strictly prohibited. Regarding the compliance timeline, operators must submit their cryptocurrency compliance policy to the CGA within three months, complete risk assessments and staff training within six months, and achieve full compliance—including wallet segregation, on-chain analytics deployment, and audit log maintenance—within 12 months (i.e., by June 2027). The CGA also reserves the right to require accelerated compliance in the event of material risk.
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According to an official announcement, Circle has announced that its Cross-Chain Transfer Protocol (CCTP) now supports Stellar and has added Stellar to Domain 27. Circle detailed this update in its latest release notes, along with key integration considerations developers should keep in mind before transferring USDC to or from Stellar.
CryptoQuant analyst Axel Adler stated that Bitcoin weakened rapidly after the Federal Reserve held interest rates steady at 3.50%-3.75% and released a relatively hawkish dot plot, falling below the $64,000 mark and dropping about 4% from its intraday high.This meeting marked the Fed's fourth consecutive pause, but the latest dot plot indicates a significant shift towards a hawkish policy path: several officials now expect the possibility of further rate hikes this year, further diminishing the market's pricing of "rate cut expectations." Analysts believe this change has a greater impact than the rate decision itself, directly suppressing risk asset valuations.Market data shows that Bitcoin initially surged to around $66,400 following the announcement, before quickly reversing downward amid heavy selling pressure, hitting a low of approximately $63,870. Trading volume notably expanded, indicating active selling-driven declines. The price is currently consolidating near the lower end of the $63,600–$64,000 range, with no significant inbound capital from bargain hunting.In stark contrast is gold's performance. Spot gold rapidly recovered after briefly dipping to around $4,220, climbing back above the $4,300 level to trade near $4,321, demonstrating strong defensive attributes and capital absorption capacity. Even against a backdrop of easing geopolitical risks, safe-haven demand remains resilient.Market participants pointed out that the core divergence in this round of reaction lies in the repricing of asset attributes: gold completed a swift recovery under the same macroeconomic shock, while Bitcoin failed to reclaim the key level of $64,000, highlighting the higher sensitivity of risk assets to "higher-for-longer interest rates."Overall, the market is transitioning from a phase of "loose expectations supporting risk assets" to one of "hawkish path suppressing valuations," with short-term risk appetite clearly cooling. The key observation point is whether Bitcoin can re-enter the $64,000–$65,000 range with volume confirming stability; otherwise, a weak consolidation structure may persist.
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