Crypto Industry News & Market Trends

Dogecoin (DOGE) Teases 30% Upside Backed by New Bullish Price Pattern

Dogecoins (DOGE) current price action has once again brought the coin into focus amid active market demand. After its recent vertical surge, DOGE moved into a narrow range, forming a Bullish Flag pattern on the hourly chart.　　Prominent crypto analyst Ali Martinez believes this pattern could increase the tokens price by one-third.　　Dogecoin (DOGE) forms a bullish flag pattern on the hourly chart. Source: Ali Martinez via X.comWhat happens next for DOGE: Two scenarios　　DOGE is currently trading within a narrow range of $0.087–$0.088, and Martinez divides the possible next move into two clear scenarios:Bullish scenario: An hourly candle close above the $0.090 resistance level would officially activate the pattern. This would open the way toward the nearest target at $0.115, representing a clean upside of around 30%. Above $0.090, historical sell-order density is virtually nonexistent all the way to $0.177, clearing the way for a rapid price move.Bearish scenario: A break below $0.081 would completely invalidate the bullish flag setup. In this case, sellers would regain control, and the price could correct toward the long-term bottom of the broader descending wedge in the $0.056–$0.060 range.　　The main technical factor working against a deeper decline is the strong on-chain foundation. The $0.081 level has

08-28Industry

Ripple's 'North Star' XRP Hits Nasdaq: SEC Greenlights Evernorth's Billion-Dollar Merger

The U.S. Securities and Exchange Commission (SEC) has approved Evernorths Form S-4 registration statement. The decision removes the main legal obstacle to its merger with special purpose acquisition company Armada Acquisition Corp. II and opens a direct path for Evernorth to list on Nasdaq under the ticker XRPN.　　The transaction is expected to close in late Q3 or early Q4 2026 2026, while Armadas final shareholder vote is scheduled for Sept. 30.　　Evernorth is entering the public market with a digital reserve management model that differs from those of its competitors. Unlike companies such as Strategy, which passively accumulate Bitcoin on their balance sheets, Evernorth plans to actively manage its XRP treasury.　　Evernorth Holdings Form S-4 Amendment No. 7 filed with the SEC, Source: U.S. Securities and Exchange Commission　　According to a statement by company founder and CEO Asheesh Birla, the capital raised and hundreds of millions of XRP tokens will be deployed across blockchain infrastructure, including payment gateways, asset tokenization and on-chain lending.　　The strategy aims to generate yield within the ecosystem and use it to increase the number of tokens per company share. For Birla, a 12-year Ripple veteran, the project prompted him to leave the parent companys board of directors to develop

08-28Industry

Dogecoin Price in 2026？ 28% on Polymarket Bet on $0.06

Polymarket traders are placing bets on where dog-themed cryptocurrency Dogecoin (DOGE) could trade by 2026s close, with the $0.06 bet gaining attention.　　For the forecast of what price Dogecoin will hit in 2026, the contract for Dogecoin reaching a price of $0.06 was trading at around 28%, indicating that market participants see a meaningful possibility of Dogecoin touching this level before the year ends.　　A 28% chance implies that the market is assigning this probability to the specific outcome defined by the contract; however, the odds can change quickly.　　The $0.16, $0.20, and $0.24 levels carried 19%, 14%, and 12% probability at the time of writing. This suggests a significant number of traders remain optimistic about Dogecoins climb, with DOGE trading between $0.16 and $0.24 carrying a cumulative probability of 45%.　　At the time of writing, Dogecoin was trading at $0.0866 after retreating from last weeks high of $0.10.　　Dogecoin bullish flag emerges　　According to crypto analyst Ali, Dogecoin appears to be forming a bullish flag on the hourly chart.　　A bull flag is a bullish chart pattern formed by two rallies separated by a brief consolidating retracement period depicted as a flag hanging on a pole. It shows that a strong upward price trend is likely

08-28Industry

Nearly 70% of Bitcoin's Supply Now in Profit

Bitcoins recent price breakout that saw it briefly touch $80,000 from a low of around $62,000 within just a week has helped most of its investors recover from their losses.　　Following the major price comeback, recent analysis showcased on crypto analytics platform CryptoQuant shows that 69% of its supply is now sitting in profit.　　Bitcoin supply metric not entirely bullish　　Notably, having such a large share of its supply in profit provides a bullish outlook for Bitcoin, as it suggests that many Bitcoin holders are back above their purchase prices, which tends to strengthen investors confidence.　　However, it appears that this is not entirely the case, as the broader Bitcoin supply-based metric paints a mixed picture that has sparked concerns among market analysts.　　Previous data shows that Bitcoins supply in profit has remained above 50% for most of the current cycle, which does not make it particularly unique to the recent market rally.　　Notably, the metric only dipped below that level for 15 days, particularly before the recent rally in July.　　While Bitcoins supply in profit has always remained at a majority share, the data shows that the high percentage was fueled by Bitcoin tokens that have remained dormant for years, some of which will stay in

08-28Industry

Bitcoin bear market ‘over’ as price metric copies 2023 recovery: CryptoQuant CEO

According to some metrics, Bitcoin (BTC) has ended its bear market as a composite BTC price indicator flips bullish for the first time since October 2025.　　Key points:Bitcoin has exited its 2026 bear market, Ki Young Ju says as a profitability metric prints a positive reading of 0.042.The breakout from negative to positive numbers repeats a bull-market recovery signal also visible in early 2023.Concerns remain over insufficient market liquidity to support a macro BTC price trend change.　　Bitcoin profit metric offers first bull signal in ten months　　The latest data from onchain analytics platform CryptoQuant has led its CEO, Ki Young Ju, to call time on Bitcoins 2026 bear market.　　In an X post on Wednesday, Ki flagged the first positive reading on CryptoQuants Bull/Bear Market Cycle Indicator since early October.　　“The Bitcoin bear cycle is over,” he wrote in accompanying commentary.　　The indicator is derived from the P&L Index — initially devised by CryptoQuant‘s head of research — and measures the P&L Index’s distance from its 365-day moving average. The P&L Index itself is composed of several onchain profitability metrics: the market value to realized value (MVRV) ratio, net unrealized profit/loss (NUPL) and the spent output profit ratio (SOPR). Together they provide an overall picture

08-28Industry

Bitcoin eyes $81K as Nvidia earnings beat boosts risk assets

Bitcoin (BTC) rebounded toward $81,000 around Thursdays Wall Street open as Nvidia earnings boosted US stocks.　　Key points:Bitcoin reclaims $80,000 as $96.2 billion Nvidia earnings provide a boost to crypto and US equities.Expectations are running high ahead of Fed chair Kevin Warshs keynote speech at the Jackson Hole economic symposium on Friday.Bitcoin analysis sees sell-side pressure lessening above $82,000 ahead of the $6.6 billion August options expiry.　　Nvidia earnings beat sends stocks, crypto higher　　Data from TradingView showed new local highs of $80,808 for BTC/USD, with bulls again seeking to cement the $80,000 mark as support.　　BTC/USD one-hour chart. Source: Cointelegraph/TradingView　　Nvidia surprised to the upside after Wednesday trading, posting Q2 earnings of $96.2 billion — nearly $4 billion more than expected. On Thursday, its stock surged more than 9% and its market cap gained over $400 billion, with the tech-heavy Nasdaq Composite Index 1% higher at the time of writing.　　“Nvidia is now on track to post the 3rd largest single-day market cap gain by a stock in history,” trading resource The Kobeissi Letter wrote in a reaction on X.　　Nvidia stock one-day chart. Source: Cointelegraph/TradingView　　Markets are now turning to the US Federal Reserve‘s Jackson Hole economic symposium, already underway, ahead of chair Kevin Warsh’s keynote

08-28Industry

California Senate passes bill to ban memecoin issuance by public officials

California lawmakers passed a bill restricting public officials involvement with memecoins, citing concerns around conflicts of interest and “pay-to-play arrangements.”　　The California Senate passed Assembly Bill 2409 in a 40-0 vote on Wednesday, according to Legiscan data. The Assembly subsequently voted 78-0 to concur in the Senate‘s amendments. The bill entered the enrolled stage and awaits the governor’s signature.　　The bill would prohibit digital asset service providers from offering California residents memecoins issued on or after Jan. 1, 2027, that are offered by or in partnership with federal public officials or state or local public officers. The bill defines memecoins as digital assets whose value is derived primarily from public interest, speculation or community engagement.　　Investors in the US president-linked Official Trump (TRUMP) memecoin are an estimated $3.2 billion underwater, with most of those losses unrealized, according to a Thursday report from nonprofit consumer advocacy organization Public Citizen.　　The TRUMP token ranks as the fifth-largest memecoin with a $688 million market capitalization. The token rose 53% during the past week, recouping some of the losses from its 67% decline over the past year, according to CoinMarketCap.　　The Trump familys crypto ventures have also raised obstacles to passing the US crypto market structure bill known as

08-28Industry

A zero-revenue public company tried to copy Michael Saylor to avoid delisting, but its stock immediately crashed 25%

Alpha Modus shares fell 25% after the company agreed to issue more than 10 times its existing share count for Bitcoin.　　Related Asset Bitcoin #1 BTC · $79,421.41 24-hour change: up 0.14% 24H Up 0.14% 7D Up 2.74% 30D Up 23.59%　　The Nasdaq-listed company said 10 non-US investors would contribute 3,170 BTC in exchange for 51.62 million Class A shares and warrants covering another 51.62 million shares, according to an Aug. 27 SEC filing.　　The agreement values the Bitcoin at $71,000 each, implying about $225.1 million of consideration. The transaction has been signed but has not yet closed, meaning the Bitcoin has not been transferred and the new securities have not been issued.　　Alpha Modus had about 4.99 million Class A shares outstanding under the agreements Aug. 24 capitalization table. Issuing the initial 51.62 million shares would lift that total to roughly 56.61 million and reduce the pre-deal shares to about 8.8% of the enlarged base.　　That means the company would issue about 10.35 new shares to the Bitcoin investors for every existing Class A share.　　The warrants could add another 51.62 million shares if exercised at $4.36 over their two-year term, creating a second layer of potential dilution. Beneficial-ownership limits, Nasdaq requirements, and any necessary

08-28Industry

UK Tax Authority Counts 240 Crypto Millionaires in First Official Tax Data

The UK tax authority recorded 240 people who each declared over £1 million ($1.35 million) in cryptoasset gains in the 2024 to 2025 tax year. It is the first breakdown of its kind.　　HM Revenue and Customs (HMRC) released the numbers in its yearly Capital Gains Tax (CGT) publication.　　Where the Crypto Gains Were Concentrated　　Those 240 crypto millionaires reported £717 million ($974 million) between them. This works out to just over half of all crypto gains declared to the department that year, according to the statistics.　　The wider pool ran to 17,600, who made cryptoasset disposals liable for CGT that year. Their disposal proceeds totaled £13.8 billion ($18.8 billion).　　Taxable profit on those disposals came to £1.38 billion ($1.88 billion), or roughly an average gain of £78,000 each. Men accounted for about 87% of filers and women about 13%.　　“Taxes are due on cryptoasset gains just like any other gains,” James Murray, Financial Secretary to the Treasury, said.　　What the Blockchain Data Adds　　Blockchain analytics firm Chainalysis measured UK taxable crypto activity at $19.4 billion in 2025. Only the United States, Germany, and China ranked higher. That total splits into $6.0 billion of gains, $3.3 billion of income, and $10.1 billion of payments.　　Chainalysis also called its approach

08-28Industry

Whales Yank 231 Million XRP From Binance — Largest Withdrawal in 6 Months

XRPs (XRP) price has gained 11% over the past week as a broader rally lifts major cryptocurrencies. Only Solana (SOL) and Hyperliquid (HYPE) have posted stronger gains among the 10 largest coins.　　However, the market is sending opposite signals. Whales are moving coins off exchanges while futures data shows traders positioning against the rally.　　XRP (XRP) Price Performance. Source: BeInCrypto MarketsXRP Whale Outflows Hit a Six-Month High　　Darkfost reported that whales withdrew 231 million XRP from Binance. This marked the largest whale withdrawal recorded in six months.　　Those outflows exceeded $335 million in a single day. The 90-day average sits closer to $40 million, based on his figures.　　Whale withdrawals reduce the supply sitting on exchanges and available for immediate sale. They do not confirm a purchase on their own, since coins can move into custody for other reasons.　　Notably, the withdrawals landed during a sharp recovery in the token. Darkfost put XRPs gain over the period at roughly 70%.　　“Should this accumulation dynamic continue, XRP could test the $2 mark…” he said.　　Derivatives Traders Lean Against the Rally　　The same analyst pointed to a contrasting signal in the derivatives market, where traders appeared to increase bearish exposure.　　Binances net taker volume recorded its strongest sell-side imbalance of 2026, reaching

08-28Industry

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