Tag: CRYPTOS FoxBusiness

Cottonia, an Artificial Intelligence (AI) focused Web3 project, is pleased to announce its strategic partnership with Cyper, a privacy-first Web3 social platform. This partnership is aimed at building smarter, advanced, privacy-first Web3 experiences for all users. Both platforms are experts in providing their services to users.

This integration is going to explore AI-powered features for Web3 social platforms and improve secure and privacy-preserving user interactions. Cyper offers anonymous messaging, self-sovereign identity and interactions, and integrated crypto wallets. Cyper also provides live streaming and Decentralized Application (DApp) access within a decentralized environment. Cottonia has shared this news through its official social media X account.

Cottonia and Cyper Drive AI Innovation Across the Web3 Ecosystem

Cottonia develops AI-powered tools and infrastructure for decentralized applications (dApps) and ecosystem growth. The amalgamation of Cottonia and Cyper improves secure and privacy-preserving user interactions and enhances decentralized applications with AI capabilities. The integration of Cottonia and Cyper creates new opportunities at the intersection of AI and Web3 technologies.

Moreover, this collaboration also indicates the growing trend of integrating AI into decentralized social platforms along with maintaining user privacy and self-custody. Cyper provides enough security to users about messages, wallets, and streaming DApps. Together, they are unlocking new possibilities at the intersection of AI and Web3.

Unlocking Intelligent and Secure Web3 Experiences

The unification of Cottonia and Cyper has its own worth in terms of securing digital assets and brings new, smarter Web3 experiences. This partnership is much more than an ordinary partnership; rather, it is bringing new and advanced innovation with quick response for users around the world.

Security is a priority for all users regarding protecting assets and providing proper satisfaction for users around the world. This collaboration enables users to become more capable of using Web3 applications and their proper functionalities.

Cardano [$ADA] climbed 8.74% over the past 24 hours, extending bullish momentum after breaking out of its multi-week consolidation.

After establishing a firm base near $0.1531, $ADA gradually regained strength, setting the stage for a decisive breakout. Buyers then reclaimed the $0.1750 mid-range level before pushing through the key $0.1812 resistance.

At press time, the altcoin traded around $0.1860, reflecting a strong recovery from late-July lows. Moreover, the breakout candle printed 3.49 million $ADA in volume, confirming genuine buying interest rather than a weak rally.

This improving structure strengthens bullish momentum. However, the rapid gains may create opportunities for short-term pullbacks after the breakout. If $ADA can maintain the support at $0.1812, the next leg up will likely be towards $0.2000 resistance.

Consequently, losing that level would increase the likelihood of a healthy retest before another advance.

Market rotation reinforces Cardano’s rally

Such an improving technical structure also appears to reflect a broader shift across the altcoin market rather than Cardano alone. The Altcoin Season Index climbed 5.77% over the past 24 hours to 55, moving further above the neutral 50 threshold.

This suggests capital is gradually rotating from Bitcoin [BTC] into higher-beta altcoins. Meanwhile, the altcoin market cap stabilized near $900 billion after recovering from its late-June lows, reinforcing improving risk appetite.

That broader backdrop strengthens Cardano’s breakout above $0.1812, indicating buyers are responding to favorable market positioning alongside project-specific demand.

Although the Altcoin Season Index remains far short of the 75 altcoin season threshold. This suggests that broader participation must continue before a sustained sector-wide rally becomes more convincing.

Derivatives reinforce the breakout

That broader optimism is also becoming visible in Cardano’s derivatives market. After whales accumulated more than 240 million $ADA over the past five days, Santiment data shows the token rallied 22%, encouraging more leveraged participation.

As confidence improved, futures trading volume jumped 61.06% to $639.62 million, while Open Interest climbed 13.91% to $485.58 million. Those gains suggest traders are opening fresh positions instead of closing existing ones, reinforcing the breakout above $0.1812.

Meanwhile, short liquidations continued outpacing longs, showing bearish positions helped fuel the rally. However, options volume fell 92.94%, while options open interest eased 0.27%. Sustained whale accumulation and rising futures participation would provide stronger confirmation that the breakout remains well supported.

Final Summary

• Cardano broke above multi-week resistance as improving market sentiment strengthened its bullish breakout.
• $ADA must hold $0.1812 to sustain its rally, while continued derivatives participation could support a move toward $0.2000.

Leading cryptocurrencies edged higher on Sunday as investors weighed President Donald Trump’s remarks about a potential Iran peace agreement.

Crypto Market Consolidates

Bitcoin wobbled within a range of $62,890 to $63,700, with trading volume surging 19% over the 24-hour period. Ethereum also remained stuck within $1,800, while XRP and Dogecoin traded in the green.

Nearly $150 million was liquidated from the cryptocurrency market in the last 24 hours, predominantly in bearish short positions, according to Coinglass data.

Bitcoin’s open interest rose 0.31% over the last 24 hours. Retail and whale derivatives traders remained net long on $BTC, but trimmed their exposure from the day before.

“Fear” sentiment prevailed in the market, according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours)

The global cryptocurrency market capitalization stood at $2.17 trillion, following an increase of 0.82% over the last 24 hours.

Stock Futures Lift on Peace Hopes

Stock futures climbed overnight on Sunday. The Dow Jones Industrial Average Futures rose 205 points, or 0.39%, as of 8:41 p.m. EDT. Futures tied to the S&P 500 spiked0.42%, while Nasdaq 100 Futures rallied 0.65%.

The upsurge came after Trump after being “asked” by Tehran and other Middle East nations to “hold off” to allow a deal to be reached.

$BTC’s ‘Strong and Vital Move’ Incoming?

Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, noted record-low Bitcoin sentiment and high net negative positioning in the current cycle

He predicted that a sustained breakout above the $67,000-$68,000 resistance would trigger a “strong and vital move” due to liquidations, “accelerating” the move upward.

On-chain analytics firm Santiment also spotlighted Bitcoin’s lowest positive-to-negative commentary on major social platforms, with just 0.58 bullish comments for every 1 bearish comment.

“This panic reading is larger than the peak war fears earlier this year, as well as the other aforementioned events from crypto’s past,” Santiment added.

Photo Courtesy: vinnstock on Shutterstock.com

Bitcoin’s price is on the move today, prompted by the latest developments on the US-Iran war front, but this time in the opposite direction.

After it slipped to another multi-week low yesterday evening, the cryptocurrency has rebounded by approximately $1,500 and now sits at around $63,500. The reason for this is the major de-escalation announced by the POTUS hours ago.

US President Trump announced on his social media platform, Truth Social, that although his country’s military remains “locked and loaded” to continue attacking Iran, they were asked by the Middle Eastern country and other nations in the region to pause the strikes for now.

He added that those countries are working on a new deal that would include the “immediate, complete and total opening of the Hormuz Strait, and an end to Iran’s nuclear threat.”

“Based on this request, I have agreed, for the future benefit of the WORLD and, likewise, the survival of a successful and prosperous Iran, to cancel the attack, subject to being able to rapidly make a DEAL. The Country of Israel joins me in this commitment. Get to work, everybody, and get it DONE.”

As mentioned above, $BTC reacted immediately with a notable rebound. It had dipped to an 18-day low at $62,200 yesterday evening as the tension between the two had increased once again, with new planned strikes. In addition, there are other factors, such as ETF exodus and technical indicators, that suggested the cryptocurrency could face another leg down soon.

For now, though, the war developments appear to have the most significant impact on bitcoin’s price moves, and essentially every de-escalation brings back hope to the market. The actual impact is likely to be experienced on Monday morning, as it has happened numerous times in the past several weeks.

Strategy Chairman Michael Saylor said the company had never made a commitment to never sell its Bitcoins, but expected to remain a net Bitcoin buyer in the long term.

Saylor’s statement came after reports that Strategy had received new authorization allowing it to sell up to $5 billion worth of Bitcoin. Responding to these claims, Saylor stated that the sales authorization was not new and had been announced on June 29th as part of the company’s capital management framework.

Saylor stated, “Old news is being presented as new. Strategy announced this authorization on June 29th as part of its capital management framework. This arrangement permits the sale of $BTC for the stated purposes but does not compel the company to sell. No new authorization has been announced, and we expect to continue to be a net Bitcoin buyer over time.”

Saylor stated that Strategy’s Bitcoin monetization program does not require the company to sell its $BTC holdings, and noted that the company has never officially adopted a “$BTC will never be sold” policy.

*This is not investment advice.

Galaxy Research announced the detection of a third wave of attacks believed to target addresses created on Coldcard devices. The latest wave reportedly resulted in the withdrawal of 207.7294 $BTC, bringing the total loss to 1,367.05 $BTC, or approximately $88.6 million, across 4,585 addresses.

According to the research firm, the first two waves of attacks exhibited largely similar on-chain behavior. Both waves saw funds being transferred to a small number of shared collection addresses, P2WPKH addresses being used, and wallets originating from different derivation paths being targeted. The approximately 27-hour interval between the two waves and the similarities in transaction structures suggest that the attacks may have been carried out by the same person or group.

However, Galaxy Research emphasized that there were differences between the first two waves in terms of transaction fees and “replace-by-fee” signals, therefore it could not be definitively proven that the same attacker was involved.

The Third Wave May Point to a Different Attacker

According to Galaxy Research, the third wave of attacks differs from the previous two in almost every measurable behavioral characteristic. Instead of using shared collection addresses in the first attacks, the third wave was found to have created a separate target address for each victim.

It was stated that the Bitcoins stolen in the third wave were held in P2WSH addresses instead of P2WPKH addresses, and that an average of 6.37 victim addresses were aggregated in each dump. In the first wave of the attack, each transaction targeted only a single victim address. It was also stated that the third wave only scanned addresses in the default derivation path.

Researchers noted that these changes could stem from the same attacker re-engineering their tools to make on-chain tracing more difficult. However, it was also noted that it is possible a second attacker targeting the same vulnerable key pool emerged after information about the Coldcard vulnerability was made public.

Galaxy Research reported that on-chain data did not allow for a definitive distinction between these two scenarios. The company stated that while it was certain each attack wave was managed by a single operator, it could not be definitively said that all three waves were linked to the same attacker.

Bitcoins in Attacker Addresses Have Not Yet Moved

According to Galaxy Research’s calculations, the attackers control a total of 1,366.3865 $BTC. It is stated that not all of the final attacker addresses to which these Bitcoins, worth approximately $88.6 million, were transferred have yet spent them on the chain.

Block-by-block analysis revealed that addresses were dumped en masse during attack waves. The absence of any dumping operations in intermediate blocks within each wave that could be attributed to the attackers indicated that the operations were sent to the network in groups, not continuously.

It was noted that the losses were mostly concentrated in wallets with balances below 1 $BTC in terms of address count, but addresses with larger balances were decisive in terms of total value. Galaxy Research assessed that this distribution resembled individual users’ own custodial wallets rather than institutional custodial services.

The study also indicated that the vulnerable Coldcard software was released on March 17, 2021, around block 674,951 of the Bitcoin network. Galaxy Research stated that none of the Bitcoins identified as stolen in the first three waves of attacks were created before this block.

*This is not investment advice.

$SOON [$SOON] crypto gained 14% over 24 hours, outperforming a broader market where Bitcoin [BTC] and Ethereum [ETH] traded lower.

The rally appeared largely leverage-driven, with perpetual traders supplying much of the buying pressure. However, uneven positioning and retail dominance left the move vulnerable to a reversal.

Why is $SOON price rising?

Data from CoinGlass shows perpetual market traders on the top cryptocurrency exchanges Binance and OKX have played the key role in driving the surge.

A Long/Short Ratio above 1 indicates a long bias, while a reading below 1 favors shorts.

At press time, the ratio stood near 1.5 on Binance and 1.3 on OKX. Both readings reflected stronger bullish positioning among traders on these exchanges.

Together, Binance and OKX accounted for $13.56 million in $SOON’s perpetual Trading Volume. They also held the two largest Open Interest positions, collectively valued at $34.05 million.

However, the aggregate Long/Short Ratio across centralized exchanges stood at 0.96, indicating a slightly broader short bias.

Do Funding Rates support $SOON crypto?

Although aggregate positioning leaned slightly bearish, $SOON’s positive Funding Rate showed that long traders were paying shorts.

This suggested that bullish traders were willing to pay periodic fees to maintain their leveraged positions.

However, the reading did not prove that most of $SOON’s $41.82 million Open Interest represented long contracts. Further increases in Open Interest and Funding Rates could leave the market vulnerable to an overleveraged unwind.

On top of that, Spot demand supported the rally over the previous 48 hours. Net buying reached $97,920, while total buying stood near $1.84 million during the same period.

Retail dominance leaves $SOON’s rally exposed

The rally’s sustainability hinges on who dominates between whales—who control large capital and tend to hold for much longer—and retail investors, who are quick to sell.

Data confirms retail traders have driven much of the $SOON rally over the past 24 hours, as the whale-retail delta fell significantly to -0.039, which points to this group holding heavy control over the market.

The risk here, however, is this group may sell at the slightest opportunity, flipping long positions to short and triggering significant liquidations across the market. Overall, while the market leans bullish, traders should approach it with caution.

Final Summary

• $SOON’s 14% climb was powered largely by leveraged perpetual traders on Binance and OKX, which together hold the two largest open interest positions at a combined $34.05 million.
• Retail investors now dominate the rally, with the whale-retail delta at -0.039, leaving the move vulnerable to a quick sell-off.