Bitcoin Stalls Below $118,000 As Traders Brace For Deeper Pullback

Bitcoin BTC/USD remains stuck around the $118,000 level, with traders increasingly cautious as key support zones weaken.

The lack of bullish momentum has prompted several to exit long positions and wait for a deeper retracement before re-entering.

What Happened: CrediBULL Crypto stated on Wednesday that he exited his Bitcoin longs after both the blue zone and hourly demand were breached.

While price hasn’t fully broken down, the repeated failure to hold those supports prompted him to adjust stops and step aside.

A brief bounce followed the liquidity sweep, but persistent passive selling pressure continues to cap price action, mirroring behaviour observed at the previous two local tops.

In…

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LATEST: Matador Technologies Raises $100 Million To Expand Bitcoin Reserve

Matador Technologies Inc. has signed a $100 million secured convertible note facility with ATW Partners, aiming to expand its Bitcoin-focused treasury strategy. The deal includes an initial funding of $10.5 million, while the remaining $89.5 million is pending regulatory approvals. All proceeds will be used solely to purchase Bitcoin, strengthening Matador’s position in the digital asset space.

The company plans to acquire up to 1,000 BTC by 2026 and grow its holdings to 6,000 BTC by 2027. Ultimately, Matador aims to hold 1% of Bitcoin’s total supply, placing it among the top 20 corporate holders worldwide. CEO Deven Soni said the funding aligns with the company’s long-term capital strategy and reduces immediate dilution, supporting its Bitcoin accumulation goals.

The secured notes carry an 8% annual interest rate and mature in approximately two years. Backed by Bitcoin collateral, they offer 1.5 times coverage for the first tranche. The conversion price for the initial closing is set at CAD$0.72.

Source

Why Bitcoin’s biggest mixer walked away from ‘huge profits’

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A few years back at Bitcoin Amsterdam, I watched Core contributor Sjors Provoost make a point about the right to financial privacy in today’s digital world.

“I go to the bathroom at the train station right now. If I pay with my debit card, these records are kept for at least a decade. So the bank can actually look up, 10 years from now, exactly at what time I went to the bathroom. I think that is ridiculous, and I think everybody would agree that’s ridiculous.

“I think we should change the financial system to [stop doing] that.”

The panel featuring Provoost was about how the…

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ByteFederal Launches Crypto Real Estate Service In Florida, Partners With NEO And OPISAS

ByteFederal, a blockchain technology company, has launched a pilot program in Florida enabling real estate buyers to use bitcoin for property purchases, with settlements delivered in U.S. dollars to sellers. Announced on July 21, 2025, the service targets new construction properties and is facilitated through a strategic partnership with New Estate Only (NEO), a platform specializing in new real estate developments. Additionally, ByteFederal’s collaboration with OPISAS, an international real estate firm, allows foreign investors to purchase U.S. properties with cryptocurrency, expanding access to Florida’s housing market.

The Florida pilot enables buyers to pay security…

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LATEST: CoinShares Gains Approval For MiCA License Across European Union

CoinShares has officially become the first crypto asset manager based in continental Europe to receive a license under the European Union’s Markets in Crypto Assets (MiCA) regulation. The approval, granted by France’s financial regulator, Autorité des Marchés Financiers (AMF), allows the Jersey-based firm to offer crypto portfolio management services across all 27 EU member states under one unified framework.

The firm already operates in Germany, the Netherlands, and Luxembourg, and plans to expand further across Europe. With this new MiCA license, combined with its existing MiFID and AIFM approvals, CoinShares is now the only major European asset manager to hold all three key EU regulatory credentials, strengthening its position in the digital asset space.

CEO Jean-Marie Mognetti called the approval a major milestone for both CoinShares and the European crypto industry. He said the MiCA framework offers a clear, harmonized structure, and positions CoinShares to help open the €33 trillion European asset management market to regulated crypto investment products.

Source

Bitcoin Purist Jack Dorsey Was Once Accused of ‘Ethereum Hate,’ He Made It Clear That ‘Focus On One Thing’ Isn’t The Same As Disdain For The Others – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

Jack Dorsey, co-founder of Bitcoin BTC/USD-focused firm Block, Inc. XYZ, has openly criticized Ethereum ETH/USD, although he has refused to label it as “hate” for the second-largest cryptocurrency. 

What happened: In response to accusations of “Ethereum hate” in August 2021 on Twitter, now X, Dorsey clarified that focusing on Bitcoin should not be construed as hatred toward Ethereum.

“I’ve made my concerns known about others in comparison to Bitcoin. Key ones are founding principles, security, and centralization,” Dorsey said.

See Also: ‘I’d Rather Have An iPhone Than A Landline’, Says Ether Machine CEO About Why He Doesn’t Own Bitcoin

Why It Matters: Dorsey has also been…

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LATEST: US Spot Ethereum ETFs Gain $534 Million Amid Strong ETH Price Momentum

U.S. spot Ethereum ETFs saw strong momentum Tuesday, pulling in $533.9 million in net inflows, marking the third-largest daily total since their debut. BlackRock’s iShares Ethereum Trust led with $426.2 million, followed by Grayscale’s Ethereum Mini Trust with $72.6 million, and Fidelity’s ETF with $35 million. The rising inflows reflect increasing confidence in Ethereum as a long-term investment.

Investor sentiment continues to shift as Bitcoin dominance weakens and macro conditions remain steady. Vincent Liu, CIO of Kronos Research, said Ethereum’s momentum looks sustainable in the mid-term if these factors hold. Nick Ruck, director at LVRG Research, noted that institutional interest in Ethereum is rising, offering investors a second opportunity after Bitcoin’s historic gains.

Companies are also adopting Ethereum-focused treasury strategies. SharpLink Gaming, for example, began accumulating ether after announcing its Ethereum strategy in May. Meanwhile, spot Bitcoin ETFs saw $67.9 million in outflows Tuesday, after losing $131.3 million the day before. Presto’s Min Jung said Ethereum is becoming the next step for investors eyeing new crypto opportunities.

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LATEST: BNB Climbs Above $800 Mark Setting New Price Milestone

BNB surged over 5% in the past 24 hours, reaching a new all-time high above $800 on Binance, and pushing its market cap to $111 billion. The rally allowed BNB to overtake Solana as the fifth-largest crypto asset. With a 16% gain over the last seven days, BNB has significantly outperformed Bitcoin, which rose just 2% in the same period.

Nasdaq-listed Nano Labs expanded its BNB holdings to 120,000 tokens, valued at around $90 million. The company recently acquired an additional 45,684 BNB through OTC deals, at an average price of $764 per token. Nano Labs plans to continue accumulating BNB, invest in BNB-based companies, and support its use as a core reserve asset.

Standard Chartered forecasts that BNB could soar to $2,775 by 2028, citing strong fundamentals and performance comparable to Bitcoin and Ethereum. Meanwhile, YZi Labs, the family office of Binance co-founder CZ, is backing a new BNB treasury venture targeting a U.S. public listing to boost institutional exposure.

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MEI Pharma Announces Closing of $100,000,000 Private Placement to Initiate Litecoin Treasury Strategy, Becoming First and Only Publicly Traded LTC Holder on a National Exchange – MEI Pharma (NASDAQ:MEIP)

Charlie Lee, the Founder of Litecoin and a lead investor in the PIPE, has joined the Board of Directors of the Company

GSR, a preeminent digital asset market maker and lead investor in the private placement, has been appointed to act as the treasury’s Asset Manager

MEI Pharma will use 100% of the net proceeds to launch its treasury strategy focused on Litecoin, becoming the first and only publicly traded LTC holder on a national exchange

MEI Pharma, Inc. MEIP (the “Company” or “MEI”) today announced that it has closed its previously announced private placement for the purchase and sale of 29,239,767 shares of common stock (or pre-funded warrants in lieu thereof) at a price of…

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