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Technical Analysis Shows Strong Bullish MomentumATOM posts volatile trading in the final hour from 13:06 to 14:05 on August 7. Price climbs from $4.41 to $4.43 peak at 13:40 before sliding back to $4.41. Net decline hits 0.02%. Volume spikes to 37,187 units at 13:39, pushing price above $4.42 resistance. New resistance forms at $4.43. Selling pressure emerges as volume fades toward session close. Price consolidates around $4.41 support.Key Market Movements and Economic FactorsATOM jumps 3.40% in 23-hour window from August 6 15:00 to August 7 14:00. Breaks key resistance on heavy volume.Coinbase lists COSMOSDYDX token on roadmap. Exchange announces direct dYdX support on native Cosmos network.Cronos (CRO) rockets 76% over 30 days. Protocol upgrades and ETF speculation with Crypto.com...

SharpLink Gaming (SBET), a Nasdaq-listed ether treasury firm, said it has raised $200 million to buy more ether (ETH) in expectation of boosting its holdings to more than $2 billion worth of the second-largest cryptocurrency.The Minneapolis-based company entered into a securities purchase agreement with four institutional investors to raise the capital through a direct offering at a price of $19.50 per share, it said in a statement.The firm's ether holdings sit at 521,939 ETH as of its latest purchases, worth just under $2 billion based on ether's price of $3,830.65 at the time of writing. SharpLink shares rose around 3.3% at $22.97 in the late U.S. morning on Thursday, following ETH's 4.5% rally over 24 hours to reclaim the $3,800...

Popular memecoin PEPE has risen more than 5% over the last 24 hours, powered by a high-volume breakout that helped the token’s price surge above a recent resistance level.The upward trend formed on a series of higher lows, a sign of sustained buying interest, according to CoinDesk Research's technical analysis data model.. Volume spikes accompanied each move higher, suggesting that larger investors may be accumulating.While the rally has technical strength, the broader context is more complicated.Trading volume across PEPE derivatives contracts has dropped 73% since mid-July according to CoinGlass data. That drop in activity comes amid a rise in the PEPE token holdings of the 100 largest addresses on the Ethereum network. Over the past 30 days, these addresses added...

In today's Crypto for Advisors newsletter, Alex Tapscott, explains the flywheel effect, and it’s impact on the crypto markets.Then, Natalie Hirsch from Polymath answers questions about questions about investing in public crypto companies in Ask an Expert.Thank you to our sponsor of this week's newsletter, Grayscale. For financial advisors: register for the upcoming Minneapolis event on September 18th.Unknown block type "divider", specify a component for it in the `components.types` optionThe Crypto Flywheel Keeps Spinning!These days it’s become fashionable to describe how crypto is driving a "flywheel effect" in the market, and that is a reason to be bullish. But what is the flywheel effect, exactly?The term was popularized by Jim Collins in his 2001 book "From Good to Great." Collins asked...

BNB hovered near $780 after a sharp rally earlier in the day gave way to selling pressure.The cryptocurrency advanced roughly 1.3% over the past 24-hour period, with a small pullback over the last few hours. The token is now hovering around $776.Earlier in the session, a surge in trading volume pushed BNB to a local high of $778, testing resistance levels that haven't been breached in recent weeks. The move was short-lived.A rapid sell-off followed, pulling the price lower and trimming gains made during the advance, according to CoinDesk Research's technical analysis model.The move comes amid a wave of corporate adoption that recently saw CEA Industries close a $500 million private placement to further its BNB treasury strategy.The broader context...