The story of FTX’s bankruptcy drama, it ain’t over yet. The company, tangled in one of crypto’s biggest collapses, finally rolling out more cash to its creditors. The next payout? Locked in for September 30th.
PUMP token tanks, no airdrop coming soon
The native token of Pump.Fun, just took a nosedive, slipping over 14% in a single day. It’s now trading well below its initial ICO price of $0.004.
Hulk Hogan and Ozzy Osbourne Memecoins Surge After Icons’ Deaths
Terry Bollea, also known as Hulk Hogan, died on Thursday at age 71. Paramedics responded to a call for cardiac arrest at his home.
BitMine Buys Over $2B in ETH in 16 Days, Targets 5% of Ethereum Supply
BitMine acquired 566,776 ETH in the past 16 days, worth over $2.03 billion based on current ETH price. This made BitMine the largest ETH treasury holder, according to data from Strategic Ether Reserves.
BNB skyockets to $804
Something’s cooking in the crypto kitchen, and it’s spicy. Binance Coin (BNB) just blasted through the $800 ceiling, hitting an ATH of $804.
Cathie Wood sold some Coinbase and Roblox stocks
You know Cathie Wood, right? The big shot at ARK Invest, the one who always seems to be playing 3D chess while the rest of us are still figuring out checkers.
JPMorgan’s crypto u-turn is pretty surprising
Jamie Dimon once slammed Bitcoin harder than a bar fight at closing time. Called it a fraud, a scam, even a decentralized Ponzi scheme. You remember those fiery speeches, right?
Altseason Watch: Capital Rotation Gains Steam, but Confirmation Still Elusive
We observe that the recent drop in Bitcoin dominance to around 59-61%, coupled with the Altcoin Season Index trending upward, suggests capital rotation into altcoins like Ethereum, XRP, Solana, and BNB, which have posted gains of 20-40% recently.
Strong performances from memecoins and sectors like AI and RWAs indicate growing investor interest, but the index remains below the 75% threshold needed for a confirmed altseason.
This could be a temporary rotation rather than a sustained trend, as Bitcoin’s consolidation above $118,000 may still draw liquidity.
For momentum to sustain into mid-to-late Q3, we need Bitcoin dominance to fall below 60% consistently, and rising funding rates without excessive leverage.
Continued institutional inflows, regulatory clarity like the GENIUS Act, and strong fundamentals in Layer-1s and DeFi could confirm a full-blown altseason.
However, sharp Bitcoin price movements or macroeconomic shifts could disrupt this trajectory, so cautious monitoring of these indicators is essential.
Ryan Lee, Chief Analyst at Bitget Research
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