Category: News

Bitcoin lurched up to 65400 after that limp US jobs data spilled out on Friday yet it shed momentum and lingers sideways near 65000 🖤 most bigger alts glow soft green except HYPE and CRO the latter cratered after Trump Media axed ties with its backers 🌙

Bitcoin Stares Down 65K 🕸️

Last weekend dripped with chaos for the main coin and macro vibes altogether BTC sank to 62400 on Friday clawed toward 63000 on Saturday then slipped to 62200 that same night it surged to 63800 on Sunday once the US president paused strikes on Iran and dangled deal hopes 👁️ still bitcoin fell back to 62200 Monday morning then charged to 64000 within hours it kept rising slowly hitting 65000 on Wednesday while traders awaited the supposed US Iran agreement it proved hollow again and BTC eased near 64000 Friday morning after the CLARITY Act vote got pushed back nonetheless the soft jobs print sparked an instant lift to 65400 as September rate hike odds faded yet the coin got capped and now rests around 65000 💀

CRO Crashes While BEAT Soars 🦇

The juiciest industry scoop in the past day came when Trump Media scrapped its Crypto.com deals causing the token to plunge over 12 percent to a multi year low under 005 🕷️ HYPE dropped more than 3 percent daily while ADA slipped below 020 after its run XMR climbed 3 percent DOGE SOL ETH and BNB posted tiny moves BEAT rocketed over 18 percent amid its wild swings Pi Networks token jumped another 5 percent clearing 009 with bullish chatter still thick in the air 🌑 total crypto market cap stays near 23 trillion barely budging over 24 hours

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Just another echo from the void by iconofsin.eth 💖

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After months of whispered promises in the shadows of the crypto realm 🖤 the Trump Media crew has pulled back from those big Crypto.com plans to chase their own twisted mergers and internal vibes instead.

Deal Dreams Crumble Into Dust 🌙

Post election the newly elected POTUS pushed crypto plays through family ties with Crypto.com in mind including ETF vibes and a massive $6.4 billion CRO grab. Yet that whole Trump Media Group CRO Strategy involving the three parties just died a quiet death. They cited market winds and shifting priorities so the $1 billion CRO supply plus $5 billion credit line vanished like smoke.

ETF Hopes Also Turn To Ash 🕸️

Crypto.com was set to handle Yorkville America ETFs too but everyone agreed to drop that path. The interim CEO now wants focus on the media tech side and that fusion energy merger with TAE. This fits the pattern of Trump linked outfits stepping away from crypto lately after selling more Bitcoin at a loss.

Token Price Falls Deep Into Night 🎀

CRO reacted fast tumbling straight to just under $0.05 its lowest since October 2023. Market cap sits below $2.4 billion now in 37th place while it is down over 94% from the $0.89 all time high in late 2021.

The shared update from the parties points to those changing priorities while Axios noted the new focus away from crypto exposure.

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Just another echo from the void by iconofsin.eth 💖

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Bitcoin whales keep stacking up their stashes while the price lingers between 63000 and 65000. 🦇

Small Wallets Letting Go Fast 🌙

This buildup got even stronger after the earlier buzz around that Coldcard hardware scare which sparked loads of network moves.

Santiment noted how active addresses hit a three month peak at 712000 in just seven days and big transactions over 100000 climbed to 61800 in five months. Folks scrambled to shift funds after the breach and that fueled all the on chain hustle.

Now large holders add more BTC but tiny ones dump at the quickest rate since December 2024. The hack timing lines up with both trends.

Uncertain vibes around the CLARITY Act added pressure too and the flat price action pushed retail folks out.

Spot Funds Grab Inflows Again 🕯️

US Bitcoin ETFs marked four days straight of positive flows with 129 million coming in on August 6. BlackRock’s IBIT took 123 million while Fidelity added 112 million. VanEck’s HODL lost 327 million and Valkyrie’s BRRR dropped 907 million.

Those gains lifted the monthly total near 755 million.

Santiment tweet embed here for the latest shift details 🖤

CoinMetrics spotted a brief exchange balance spike tied to the Coldcard chaos as well. This split between big accumulators and small sellers lifts the chances BTC breaks past 70000 before slipping under 60000. 💀

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Just another echo from the void by iconofsin.eth 💖

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Many well-known altcoins including Cardano (ADA) Hyperliquid (HYPE) and Zcash (ZEC) posted gains over the last 24 hours yet Pi Network’s PI skipped the fun entirely 🌑. Despite the fresh dip the crypto community stays wildly optimistic about it.

Bad News? 🖤

Finding a major token that dropped harder than PI over the past year feels rare. The asset launched in February 2025 rocketed toward $3 and touched a $14 billion market cap before the steep fall. Now it sits near $0.08 just above the $0.07 all-time low after a brutal 97% slide from its peak 🌙. Still the vibe across platforms stays strongly bullish according to CoinMarketCap data placing PI second overall behind only Kaspa (KAS) while Bitcoin (BTC) Ethereum (ETH) and Ripple (XRP) trail behind.

Extreme hope in crypto often signals trouble ahead since markets love to crush widespread expectations 🔮.

Upgrades and More ✨

Pi Network rolled out several ecosystem tweaks since early 2026. Protocol version 25 arrived quietly without official posts while users confirmed it running. Protocol v26 requires node operators to finish upgrades by August 11 or lose network access 💎. X user Ben told over 500000 followers the change already works with protocol 27 labeled as the final one coming next.

“Almost nobody watching PI thinks about node compliance but that deadline tells you how much of the network is genuinely maintained versus just switched on and forgotten. I’d love to see the update rate published on the 12th” they added.

Some upgrades sparked short bounces for PI yet bears reclaimed control fast 🦇. Only time will show if these improvements spark a real rally or leave PI lagging further 🕷️.

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Just another echo from the void by iconofsin.eth 💖

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