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Bitcoin Stuck Between Resistance and Support, Altcoins Falter πŸ•―

Bitcoin remains range-bound near $118K–$120K following a record high, consolidating as it struggles to break resistance around $120K. Meanwhile, altcoins lag significantly: 48 of the top 100 saw double-digit losses in 24 hours, with XRP, Solana, and Dogecoin down amid regulatory uncertainty and delayed ETF approvals.

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Fintech and Crypto Groups Urge Trump to Defend Open Banking πŸ—£

A coalition including the Blockchain Association and the Crypto Council for Innovation has asked President Trump to support the U.S. open banking rule, which is facing legal challenges from major banks like JPMorgan and Wells Fargo. They argue that the rule empowers consumers to control their financial data, fosters innovation in fintech, stablecoins, and DeFi, and should not be undermined by bank-led lawsuits and data access fees.

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This new Dogecoin-killer could hit $0.10 before Shiba Inu (SHIB)πŸ˜²πŸ“Ά

Analysts are dubbing Little Pepe ($ LILPEPE) the most promising β€œDogecoin-Killer” of the current cycle. Now in Stage 6 of its presale at $0.0016, the micro-cap meme token is gaining traction for its innovative tech stack and fast-growing community. Some predict it could reach $0.10 before Shiba Inu (SHIB) does, positioning it as a serious contender in the meme coin space.

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Bitcoin LTHs Start Distributing: CDD Ratio Hits Historic LevelsπŸ’°

Bitcoin is stuck between $115K and $120K, showing signs of price compression. Analysts warn a correction may be near, as long-term holders are moving coins, possibly to take profits. A key on-chain metric has spiked, resembling patterns seen before past market downturns. The market is at a critical point, with a volatile breakout or drop likely soon.

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Letsbonk's market share in the past 24 hours has reached 72.5%, and its revenue and transaction volume are 4 times higher than pump .fun

According to Dune data, Solana's coin issuance platform Letsbonk has earned $1,249,064 in the past 24 hours, while pump. fun's revenue in the same period was $278,617.

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Ethena Founder: Crypto-Native Capital may have run out of steam to pump meme coin valuations, tokens backed by TradFi endorsement will undergo a complete divergence from regular meme coins

Ethena Labs founder Guy Young posted on social media: "One of my major concerns is that the native capital of crypto may have been exhausted, unable to propel meme coins past the previous cycle's peak. Observing the total nominal market capitalization peak of meme coins in Q4 2021 and Q4 2024, both stopped at around $1.2 trillion (a value that is almost identical after adjusting for inflation). Perhaps this is the global retail capital's valuation ceiling for 99% of meme projects?"

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Ethereum's net supply in the past 7 days has increased by 17,333 coins, and the supply's annual growth rate is currently at 0.748%.

According to Ultrasound. money data, Ethereum's net issuance over the past 7 days increased by 17,333 ETH, with an approximate issuance of 18,600 ETH and 1,266.6 ETH destroyed through the burning mechanism.

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Analysis: The current selling pressure on Bitcoin is mainly coming from Coinbase, with another 3,169 BTC transferred in 1 hour ago

On-chain data analyst Murphy stated in a post that the current selling pressure in the Bitcoin market is mainly coming from Coinbase. At around 10 a.m. this morning, 4950 BTC was transferred to Coinbase, causing BTC to drop to around $115,000; however, 1 hour ago, another 3169 BTC was transferred to Coinbase.

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Next 100x Crypto: Traders Are Treating This Meme Coin Like Shiba Inu (SHIB) After Vitalik Buterin’s Endorsement in 2021πŸ€”

Little Pepe (LILPEPE), a rising meme coin, is drawing comparisons to Shiba Inu’s explosive 2021 surge after Vitalik Buterin’s massive token burn. Now in Stage 7 of its presale at \$0.0016, LILPEPE is up 60%, having raised over \$10.4 million and sold 7.7 billion tokens. Traders believe it could follow SHIB’s path due to strong early momentum and demand.

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Bitcoin rebounded and surpassed $116,000, with a 24-hour decrease narrowed to 2.05%.πŸ’°

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Why Dogecoin Is Sinking Today🐢

Dogecoin fell 5.2% as investors continued profit-taking following recent crypto surges. Contributing to the decline was Tesla’s disclosure that it sold 75% of its Bitcoin holdings in Q2, which pressured overall crypto valuations. Bitcoin and Ethereum also dipped 2.5%. Market watchers now look to the upcoming Federal Reserve meeting as a potential catalyst for future Dogecoin price movement.

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The Smarter Web Company has just bought another $26.1 MILLION Bitcoin as part of its 10-year plan.πŸ”₯

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Galaxy Digital announced it executed one of the largest notional bitcoin transactions in history, selling over 80,000 bitcoin worth more than $9 billion 🀯

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CryptoQuant analyst says the source of Bitcoin’s rally is not retail, but ongoing accumulation by institutional and large investors πŸ“ˆ

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Bitcoin’s open interest has reached a new all-time high of $44.5 billion amid a price decline, signaling increased leverage and a higher risk of market volatility and liquidations πŸ”

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Satoshi-era Bitcoin investor cashes out 80,000 BTC for $9B via Galaxy Digital

An early Bitcoin investor has sold 80,000 BTC through Galaxy Digital, marking one of the largest crypto transactions ever, in a trading session marked by higher volatility.

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Bit Digital, a U.S. stock company, intends to expand its legal share capital to buy more ETH πŸ”Ή

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SharpLink spent about $12.5 million to hire former Blaid executive Joseph Chalom as the co-CEO of the company

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