Crypto news

Brace yourselves for this: Glassnode, the on-chain analytics firm that never fails to make us question our life choices, recently shared some intriguing data. They define “whales” as entities holding between 100 and 10,000 BTC, which, at today’s exchange rates, translates to a range of $11.2 million to a cool $1.1 billion. So, yes, we’re talking about traders who could probably buy an island or two if they wanted. Or at least a yacht. 🛥️💸

The adjusted data, lovingly curated for consistent valuation, shows that in June 2025, SMSF crypto holdings stood at a modest 3.02 billion Australian dollars ($1.97 billion). A trifling $100 million less than the $3.12 billion reported in June 2024. As per the ATO report published on Wednesday, because timing is everything, isn’t it? ⌛

In the vast and often unforgiving world of cryptocurrencies, Solana (SOL) stands as a testament to resilience and strategic positioning. At the moment, SOL is trading at $210, marking a modest 4% gain over the last 24 hours and a 3% rise over the past week. The price is confined within a tight consolidation range between $200 and $206, a zone that has seen steady accumulation amidst recent market turbulence.

And what’s the end goal? Well, the two companies are targeting over 90 markets. Apparently, there’s a growing need for faster and cheaper cross-border transactions, especially in places that are still stuck in the dark ages of financial systems.

Bitcoin, ever the dramatic character, began a fresh recovery wave above the $109,500 zone. With a determined spirit, BTC climbed above the $110,000 and $110,500 resistance levels, as if scaling the walls of a fortress.

Imagine that-platforms like the New York Stock Exchange (NYSE), Nasdaq, CBOE, and CME can now list select digital assets without fear of legal repercussions. It’s almost like they’re saying, “Hey, go ahead and play with your digital toys, but don’t forget to clean up after yourselves!” 🧼

Will the futures-led optimism outshine the Fed’s shadow? That, my dear reader, is the question that keeps traders awake at night, clutching their charts like sacred texts. 📈

On September 3, as the world turned its eyes to Lombard’s “Community Sale,” the faithful rushed in, clutching their crypto wallets like pilgrims at a shrine. Jacob Phillips, Lombard’s co-founder, declared the sale a “testament to belief in Lombard’s ability to drive onchain Bitcoin demand.” One wonders if this belief includes a healthy dose of denial.

Summary

On-chain indicators, those pesky little things that always seem to know what’s going on before we do, suggest that the altcoin might be in for more rough weather unless it can muster up some enthusiasm from buyers. It’s a bit like trying to get a crowd excited about a mime act at a children’s party-challenging, to say the least.