Commerce Secretary Howard Lutnick the department will begin publish GDP data onchain first, and gradually include other economic data. US Commerce Secretary Howard Lutnick said the Department of Commerce will begin publishing economic statistics, including gross domestic product (GDP) data, on the blockchain. Lutnick made the announcement during a White House cabinet meeting on Tuesday, describing the effort as a move to expand blockchain-based data distribution across government agencies. Speaking to US President Donald Trump and other government officials, he said: Lutnick said the initiative will begin with GDP figures and could expand across federal departments after the Commerce Department finishes “ironing out all of the details” for the implementation. Read more
To hit $250, SOL needs to see an uptick in onchain activity, demand for buy-side leverage and a resolution of the SEC’s Solana ETF decision. Key takeaways: SOL struggles to sustain $200 as onchain activity weakens and leveraged demand remains subdued. A spot ETF approval and institutional support could lift SOL, but current fundamentals suggest limited rally potential. Read more
Ether rallied nearly 5% on Monday, but a true short-term trend reversal hinges on $4,700 flipping back to support. Key takeaways: Ether rallied 5% after a “Monday Trap,” but leverage risk is rising with Binance’s ELR at record highs. $1.65 billion in stablecoin inflows and 208,000 ETH withdrawals show strong accumulation. Read more
Massive stablecoin deposits highlight shifting capital flows on Binance, even as Bitcoin whipsawed below $110,000 amid whale-driven selling and heavy liquidations. Users of the Binance cryptocurrency exchange deposited $1.65 billion in stablecoins, a large inflow often seen as a precursor to renewed demand for spot cryptocurrencies following the recent market sell-off. The deposit coincided with nearly $1 billion in Ether (ETH) withdrawals from Binance, according to onchain analytics provider CryptoQuant. It also marked the second time this month that net stablecoin deposits on the exchange exceeded $1.5 billion, “underscoring a renewed wave of capital entering the spot market,” wrote CryptoQuant’s Amr Taha. Binance, the world’s largest cryptocurrency exchange by trading volume, is closely watched for signs of broader market shifts. On Tuesday, it processed more than $29.5 billion in trades, nearly six times the volume handled by runner-up Bybit, according to CoinMarketCap. Read more
Using Monte Carlo simulations and the 200-week moving average, Diaman Partners estimates Bitcoin's next cycle bottom could range from $60,000 to $80,000 by 2026. It is now clear to most investors, especially those who have survived one or more crypto winters, that Bitcoin moves in cycles of about four years. Many argued until 2022 that Bitcoin would always remain above its previous highs. This happened in 2011, in 2014 and in 2018. In 2022, however, the price of Bitcoin fell, due to the collapse of FTX, to $15,000, below the fateful threshold of $20,000, which was briefly reached, albeit for a few days in December 2017. While everyone is trying to predict what the maximum value of Bitcoin will be in this cycle, which is likely to end in late October 2025, the research department at Diaman Partners has attempted to understand how to estimate what the minimum value of Bitcoin will be in 2026, should the crypto winter materialize in the coming months. Many experts speculate that Bitcoin's cyclical phase is over ...