Key Takeaways:Bitcoin’s “Power of 3” pattern suggests a path to $126,000 after market manipulation and leverage reset.$922M in liquidations and negative funding rates point to short-term capitulation and potential rebound.BTC must reclaim and hold $115,300 and $116,800 to confirm bullish momentum, with $120K acting as a price magnet.Binance taker volume and open interest metrics hint at a shift in market bias.Key resistance levels align with prior all-time highs, increasing bullish probabilities if broken.Bitcoin Eyes Recovery After $112K ShakeoutBitcoin (BTC) is showing early signs of a potential bull market continuation following a sharp pullback to $112,000 over the weekend. As of writing, BTC is hovering around $115,148, attempting to reclaim critical short-term resistance levels. Analysts say the recent drawdown may have flushed out excessive leverage, clearing the path for a resilient recovery — but key confirmations are still needed.1. Power of 3 Pattern Targets $126,000BTC price action is following the “Power of 3” market structure — Accumulation, Manipulation, and potential Distribution:Accumulation: Between $119,500 and $115,300, forming a consolidation base.Manipulation: The sharp drop to $112,000 acted as a shakeout of over-leveraged longs and panic-driven retail traders.Distribution: If BTC reclaims $115,300 and holds it on both low- and high-time frames, it could set the stage for a run toward $126,000 — a level aligned with recent resistance clusters and liquidity targets.This pattern, often used to model institutional trading behavior, hints that the market may now be preparing for the final leg of a bullish continuation.2. $922M Liquidation Resets Market LeverageA massive $922 million liquidation event on Friday marked the highest daily wipeout since February 2025. Of that, over $240 million came from Bitcoin futures, with total open interest dropping from $88 billion to $79 billion — a steep 10% decline.Such leverage resets are historically bullish, as they remove speculative excess and allow for new long positions to enter from stronger hands. Funding rates have also turned negative across platforms signaling that retail traders are overly bearish and potentially mispositioned.3. Binance Net Taker Volume Hints at CapitulationCryptoQuant data shows Binance’s cumulative net taker volume fell below -$1.5 billion, a threshold last breached on July 25. This metric reflects aggressive market selling, often linked to forced liquidations and emotional exits from long positions.The drop coincides with the panic around BTC’s fall from $114K+, and may signal a local bottom as retail participants capitulate while institutional or calculated buyers accumulate.4. Fair Value Gap Absorbed, Support RetestedBitcoin has now absorbed the fair value gap (FVG) between $115,200 and $112,000, an important high-timeframe liquidity zone. This also aligns with Bitcoin’s previous all-time high from May, now acting as a structural support level.The successful retest of $112,000, combined with recovery toward $115K, supports the idea that the shakeout was liquidity-driven rather than trend-breaking.Analysts view this as a bullish structural reset, especially if BTC can flip $115,300 into support and aim for the next zone at $116,800–$120,000.5. $120K Acts as Price Magnet — But Confirmation NeededAccording to market heatmaps and liquidity data, $120,000 is the next major magnet for price action, with a dense cluster of sell-side liquidity resting at that level.Popular analyst Michaël van de Poppe emphasized that BTC is now testing critical resistance. A break above $114,800 and $116,800 would signal a trend reversal and pave the way toward $120K — and possibly higher.However, if bears regain control, a brief retest of $110,000 cannot be ruled out before any further rally resumes.Bullish Reversal or More Consolidation?The combination of a technical pattern, derivatives reset, and liquidity metrics paints a cautiously optimistic picture for Bitcoin bulls. Still, reclaiming and holding above $115,300 and $116,800 is essential before calling for a confirmed move toward $126,000.Should ETF inflows stabilize and macro risk tone remain neutral, Bitcoin could soon resume its broader bull market, with current weakness serving as a springboard rather than a signal of longer-term correction, according to Cointelegraph.

According to BlockBeats, the U.S. Commodity Futures Trading Commission (CFTC) is examining the possibility of allowing certain registered futures trading platforms to list leveraged digital assets, such as Bitcoin and Ethereum. CFTC Acting Chair Caroline Pham stated that the commission could adopt a clear and straightforward solution. She referenced her March column, suggesting that the agency could use its exemption authority to permit some companies to operate outside current regulations, which currently restrict futures trading platforms to listing only derivative products. The CFTC is now seeking public feedback on the trading of crypto asset spot contracts on registered futures trading platforms. The deadline for submitting comments is August 18.

The $18 billion AI search startup allegedly disguised its bots to scrape content from sites that banned it, prompting Cloudflare to kick it out of its verified bot program and roll out new anti-scraping defenses. source: https://decrypt.co/333479/cloudflare-perplexity-ai-stealth-crawlers-website-blocks

"Hyperliquid, the innovative trading platform, has reached a remarkable milestone by achieving a new all-time high in monthly trading volume, demonstrating not only its growing popularity among traders but also the increasing confidence in its capabilities and features." source: https://blocknews.com/hyperliquid-hits-new-all-time-high-in-monthly-trading-volume/

Key Takeaways:Ether futures and options markets signal neutral-to-bearish sentiment despite recent price gains.$129M in outflows from ETH ETFs last week show declining institutional appetite.Ethereum’s TVL dropped 9% in the past 30 days, compared to gains on BNB Chain and Solana.Without a fresh catalyst or strong institutional inflows, ETH is unlikely to break above $3,800 in the near term.ETH Struggles to Sustain Recovery Above $3,700Ether (ETH) has rebounded nearly 9% from Sunday’s low of $3,355, trading around $3,725 at the time of writing. However, on-chain and derivatives data reveal underlying market skepticism regarding the sustainability of this bounce. Despite the upward move, ETH continues to face major resistance at $3,800, a level it briefly touched in late July.The absence of a breakout coincides with a broader slowdown in the altcoin market, where capitalization peaked at $1.3 trillion on July 28, marking ETH’s highest 2025 price. That peak was quickly followed by ETF outflows, weak derivatives momentum, and a drop in total value locked (TVL) across Ethereum-based decentralized apps.ETH Futures and Options Indicate Waning ConfidenceThe three-month ETH futures premium, which typically reflects trader sentiment and institutional positioning, currently sits at just 5% — a neutral-to-bearish threshold. This level failed to rise even when ETH neared $3,900 last week, suggesting traders expect limited upside in the short term.Options market data backs up the bearish outlook. The 25% delta skew, a measure of demand for put (sell) vs. call (buy) options, touched 6% on Saturday, showing a tilt toward protective strategies. While the skew has since fallen to 3%, the sentiment remains tentatively neutral, far from bullish.Declining Ethereum TVL Hits Investor SentimentAnother bearish signal is Ethereum’s declining Total Value Locked (TVL), which has dropped 9% over the past 30 days to 23.8 million ETH, according to DeFiLlama. In contrast:BNB Chain’s TVL rose 8% to 6.94 billion BNB.Solana TVL increased 4% to 69.2 million SOL.Although Ethereum still dominates in USD-denominated TVL with a 59% market share, the decline in ETH-denominated deposits points to weaker demand for Ethereum-based DeFi protocols.ETF Outflows and Exchange Discounts Signal Weaker Institutional DemandEther has also seen a sharp drop in ETF inflows. Between Wednesday and Friday, ETH spot ETFs recorded net outflows of $129 million, according to SoSoValue. This follows a 20-day inflow streak and reflects broader risk-off behavior among institutional investors.Compounding this is the emerging discount in ETH prices on Coinbase and Kraken, compared to Binance and Bitfinex. Since U.S.-based platforms are often favored by institutions, this price divergence signals reduced U.S. institutional participation — a sharp contrast to the July 10–23 period, when Coinbase premiums reflected active ETH accumulation by funds.Lack of Catalysts Leaves ETH Tied to Broader MarketEther remains highly correlated with overall altcoin performance and macroeconomic conditions. Global trade war risks, U.S. labor market uncertainty, and cautious central bank policy continue to weigh on investor sentiment.In the absence of clear catalysts — such as a surge in ETH staking, major L2 activity, or successful ETF traction — Ethereum’s price is unlikely to decouple from the broader crypto market. The recent pullback in Total Value Locked, falling ETF demand, and muted derivatives positioning all reinforce the case for continued consolidation below $3,800.Despite a 9% recovery from recent lows, Ether’s upward momentum is limited by weak institutional demand, ETF outflows, and a lack of new catalysts. With ETH trading at a discount on U.S. exchanges and DeFi deposits falling, there’s little evidence to support a breakout above $3,800 in the short term.Unless institutional inflows return or macro conditions improve, ETH is likely to remain locked in a broader altcoin-dependent sideways range, mirroring investor caution across the digital asset market, according to Cointelegraph.

Figure Technology Solutions (FTS) has confidentially filed for an IPO with the U. S. Securities and Exchange Commission (SEC). Joining the growing list of cryptocurrency companies that are launching public listings, Figure Technology has submitted a draft registration statement with the U. S. SEC and expects to make its debut in 2025. Figure Technology joins the crypto […] source: https://www.cryptopolitan.com/figure-technology-files-for-ipo/

Coinbase has been pushing hard for the modernization of the U. S. Bank Secrecy Act (BSA) via the integration of Zero-Knowledge Proofs (ZKPs) into the financial compliance framework. In a statement from August 4, Coinbase’s Chief Legal Officer, Paul Grewal, argued that the BSA, designed for a paper-based financial system, is outdated for today’s digital economy. […] source: https://www.cryptopolitan.com/coinbase-pushes-zkp-as-solution-to-bsa/

The U. S. CFTC has initiated a framework for listing spot crypto assets on registered futures exchanges. source: https://coincu.com/352617-cftc-launches-crypto-sprint-to-enable

Ethereum's monthly onchain transaction volume stood at over $238 billion, while Ethereum also saw 46. 67 million transactions on the network. source: https://www.theblock.co/post/365482/ethereums-onchain-revival-on-full-display-last-month-as-transaction-volume-nears-240-billion?utm_source=rss&utm_medium=rss

Handle’s H.A.L. NFT Collection is revolutionizing the concept of virtual identity within the Cardano blockchain ecosystem, offering innovative and unique digital assets that allow users to express themselves in unprecedented ways. source: https://blocknews.com/handles-h-a-l-nft-collection-redefines-virtual-identity-on-cardano/

Elon Musk has raised new questions about the long-term security of Bitcoin amid the rapid development of quantum computing.

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Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

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This article will focus on this incentive activity, briefly explain USDe/sUSDe and related platforms, and then analyze the systemic challenges hidden behind it from the perspectives of revenue structure, user behavior, and capital flow.

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