LINK Whale Buys 1.58M Tokens as Chainlink Price Targets Recovery

Key Insights:Chainlink (LINK) price lost $8.38 support as sellers gained short-term control.A whale accumulated 1.58M LINK, worth about $13.2M, through Binance transfers.Sellers may target $7.67 and $7.40 unless buyers reclaim $8.38.  Chainlink price is under renewed pressure after LINK lost the closely watched $8.38 support level. The move weakened a rising trendline that had guided Julys recovery. At the same time, a large wallet accumulated 1.58 million LINK through several Binance transfers.  Onchain Lens valued the holdings near $13.2 million during the accumulation period. The wallet now controls roughly 1.58 million tokens, worth about $13.3 million at recent prices.  That contrast has sharpened the crypto market‘s attention. Technical signals favor sellers, while the LINK whale activity suggests demand may still be building below the surface. Traders now need confirmation from price, not assumptions about one wallet’s plans.  Chainlink Price Breaks Support as Sellers Gain Control  Chainlink (LINK) market data shows LINK trading between $8.31 and $8.48. The key chart change was the loss of $8.38, which had supported the recent rebound.  CryptoPatel, a renowned technical analyst, posted on X that the break also pushed LINK below its rising trendline. The Chainlink price move shifted short-term control toward sellers.  Source: Crypto Patel (X)  The analysts trade setup uses an

07-26Industry

Sberbank sets Dec. 1 deadline for Russia crypto trading launch

Sberbank plans to launch cryptocurrency trading infrastructure and a digital depository by Dec. 1, 2026.  SummarySberbank plans to launch regulated crypto trading, custody, settlement, and depository services by December 1.Russias new crypto framework starts September 1, with licensing compliance required by July 1, 2027.Non-qualified investors may buy up to 300,000 rubles yearly after passing a mandatory knowledge test.  The system will support regulated crypto trading, custody and settlement for eligible customers in Russia.  The project follows the approval of new rules covering crypto exchanges, brokers, banks and digital depositories. Russia will introduce the wider regulatory framework on Sept. 1, 2026, while companies will receive additional time to meet licensing requirements.  Russias Largest Bank Sberbank Plans Crypto Trading Infrastructure  Sberbank, Russias largest bank, plans to build cryptocurrency trading infrastructure and launch a digital custody system by Dec. 1 to support regulated crypto trading, custody and settlement. The system will… pic.twitter.com/ZMMCxIfmag  — Wu Blockchain (@WuBlockchain) July 25, 2026  You might also like:  Crypto Executive Order 2025  Sberbank plans digital custody and off-chain records  According to Interfax, Sberbank‘s digital depository will record customers’ cryptocurrency ownership and account for many transactions outside public blockchain networks. The bank will also manage active wallets for deposits, withdrawals and transfers.  Alexander Vedyakhin, Sberbanks first deputy chairman, said the

07-26Industry

Heres What Tesla Did With Its Bitcoin Holdings in Q2 2026

Did the company followed the current trend of reducing its BTC exposure?  The leading electric vehicle manufacturer reported no changes to its Bitcoin holdings in the second quarter of the year, extending one of the longest uninterrupted corporate BTC streaks.  Meanwhile, the same cannot be said about other major crypto corporate holders, while another one of Elon Musks companies, SpaceX, which went public recently, made a small BTC transfer, raising some questions.  Tesla HODLs  It‘s worth noting that Bitcoin was not mentioned extensively during the recently reported earnings call, but the absence of any transaction was enough to reassure investors that there’s no change in the company‘s holdings. This means that the EV maker’s crypto position remains the same – 11,509 BTC, making it one of the largest publicly traded corporate holders of the primary cryptocurrency.  The Musk-led entity entered the Bitcoin market in early 2021, making a $1.5 billion purchase in one of the most influential corporate crypto investments ever announced. However, it later sold 10% of its holdings to test BTCs liquidity before disposing of 75% of its remaining position during the 2022 bear market. At the time, Musk said the firm needed to strengthen its cash position amid the growing economic uncertainty.  Since

07-26Industry

EIFs Megawatt Verdict: Not Every Bitcoin Mine Is Ready for AI

This article first appeared in Miner Weekly, a weekly newsletter by Blocksbridge Consulting curating the latest news in energy, compute, infrastructure, and data analysis from The Energy Mag. The original article can be viewed here.  Across the EIF panels, generators, utilities, data-center developers, miners, investors and policymakers repeatedly returned to the same physical constraints: generation, interconnection queues, transmission, substations, cooling, equipment lead times, capital, permits and public support. The demand for compute may begin with models and chips, but delivering it ultimately requires electrons at a specific place, on a commercially useful timetable.  No single part of the energy economy can solve that problem alone. Utilities are being asked to accommodate loads at a scale and speed they were not built to handle. Renewable developers need customers for output that would otherwise be curtailed. Power producers need confidence that new demand will support investment in generation. Data-center operators need firm capacity and redundancy. Investors want contracts capable of supporting billions of dollars in infrastructure. Local officials and residents want credible answers about rates, water, noise, taxes and jobs.  Bitcoin mining entered that wider conversation as one of several bridges between energy and compute. Miners have spent years locating underused power, deploying modular loads

07-26Industry

Bitcoin is about to give miners a 16% lifeline, but $19 billion in AI deals is luring them away anyway

Bitcoin could lower mining difficulty by roughly 16% when its next adjustment arrives around July 26, handing the machines that remain online a considerably larger expected share of the network‘s rewards while doing almost nothing to resolve the expensive power contracts, debt obligations and strategic pressures pushing some of the industry’s largest companies away from mining.  The network already lowered difficulty by 5% at block 957,600 on July 11, bringing it to 127.17 trillion. Hashrate Index reported that hashprice, the daily revenue miners expect from one petahash per second of computing power, stood at $30.88 per PH/s/day on July 13, with a seven-day average of $30.39.  That level was at or below breakeven for many operators depending on their power costs and machine models. While hashprice had recovered from the $27.60 level recorded around the beginning of July, it remains 37% below its October 2025 peak near $49.40.  Advertise with CryptoSlate  Bitcoin‘s protocol can automatically lower the computational burden required to produce blocks, but it can’t renegotiate a miners electricity contract, refinance convertible notes, restore the value of aging machines, or make volatile mining revenue more attractive than a multibillion-dollar AI lease.  Bitcoin can repair its schedule, not miner balance sheets  Bitcoin adjusts difficulty every 2,016

07-26Industry

CZ: Crypto Investors Cannot Get Rich Without Knowing These Three Letters

Binance founder Changpeng Zhao (CZ) has once called attention to dollar-cost averaging, which is better known as DCA.  CZ told his followers that understanding DCA is essential for anyone hoping to build wealth through investing.  “DCA (If you don‘t know the term, better google it. You can’t get rich without knowing some basic financial terms),” CZ wrote.  Top 10 Crypto Exchange by Trading Volume Suddenly Shuts Down  Risk of XRP Losing $1 Just Spiked Up, Will Zcash (ZEC) Retain $500? Hyperliquids (HYPE) $70 Bounce Is Possible: Crypto Market Review  The comment came after a discussion about the best time to enter the market for long-term investors: during a bull market or a bear market. CZ has repeatedly argued that trying to perfectly time market bottoms is extremely difficult.  The Binance founder has promoted DCA for years. In a 2023 post, for instance, he explained that investors who want to “buy low, sell high” must actually be willing to buy when markets are depressed.  Its just simpler  He has also previously responded to Bitcoin advocate Michael Saylors posts about accumulating Bitcoin, saying that “DCA works” and “DCA wins.”  Dollar-cost averaging is an investment method where someone invests a fixed amount of money at regular intervals without paying attention to the

07-26Industry

Cardano founder says quantum threat could dethrone Bitcoin

Cardano co-founder Charles Hoskinson has warned that Bitcoin could lose its position as the largest cryptocurrency if its governance system cannot organise a response to quantum computing.  SummaryHoskinson says Bitcoin could lose leadership if governance cannot coordinate a timely quantum-security upgrade successfully.Bitcoin developers are already discussing post-quantum migration plans, including BIP 361 and new signature designs.Cardanos onchain governance lets ADA holders vote on upgrades, but coordination disputes have also emerged.  He made the comments during an interview with The Starting Block published on July 24. Hoskinson described Bitcoin as “frozen in time” because major changes require wide agreement across developers, miners, node operators and users. He argued that Cardanos formal voting system gives its community a clearer route for approving upgrades. His comments present a governance argument rather than evidence of an immediate quantum attack.  Hoskinson frames quantum security as a governance test  Bitcoin relies on elliptic-curve cryptography to prove ownership of funds. A sufficiently powerful quantum computer could, in theory, derive private keys from exposed public keys and authorise transactions without the owners approval. The U.S. National Institute of Standards and Technology describes this as a future risk and has already standardised algorithms designed to resist quantum attacks.  Hoskinson said quantum computing would test

07-26Industry

TRX Price Prediction: Dead Momentum and Sell-Side Pressure Point to $0.32 Test Before Any Year-End Rally

TRX is sitting at $0.33 in a Bollinger Band squeeze so extreme that short-term and long-term moving averages have essentially merged into a single flat line. The 24-hour range has been almost non-existent — no expansion, no directional commitment, just a market holding its breath. When the SMA 7, SMA 20, EMA 12, and EMA 26 all stack at the same price, that‘s not healthy consolidation. That’s a coil under tension, and coils resolve violently.  The problem for bulls is what‘s actually happening beneath the surface. The taker buy/sell ratio clocks in at a weak 0.61 — aggressive sell volume is nearly double aggressive buy volume in recent flow. That’s distribution, not accumulation. Add the fact that open interest shed 3.1% over the last 24 hours while price went nowhere, and you get a picture of longs quietly exiting rather than defending the level with conviction. Blockchain.news has been tracking TRON throughout this multi-week compression phase, and the current setup is arguably the most decisive fork in the road TRX has faced this quarter.  Key Levels Exposed  The entire near-term structure hinges on one zone: $0.32. That‘s where both the SMA 50 and SMA 200 are parked, forming a dual moving average support

07-26Industry

LTC Price Prediction: $47.99 Is the Line — Break It or Watch the Whole Move Unwind

The short-term trend structure is constructive on the surface — LTC is holding above its 7-, 20-, and 50-day moving averages and has been stepping higher in an orderly fashion. But crack open the momentum picture and the clean story stops cold. The MACD histogram has flatlined at zero: buyers and sellers are locked in a dead heat, and the buying pressure that drove the recent leg has fully exhausted itself without clearing the next wall. Thats not bearish in isolation, but combine it with Bollinger %B at 0.78 — practically kissing the upper band at $48.25 — and the message is clear: this move is running on fumes until fresh capital shows up.  The Stochastic at 79.54 is crossing into overbought territory, and while RSI at 59.65 still has technical headroom before 70, it‘s sitting in the hesitation zone where rallies historically need a catalyst to extend, not just gravity. The ATR of $1.48 defines the day’s operational bandwidth — dont expect a decisive range expansion without volume behind it.  The single most critical structural fact on the board is the 200-day SMA at $54.06, looming roughly 15% above current price. That‘s not just overhead resistance — that’s the scar of

07-26Industry

ATOM Price Prediction: Oversold Coil at Multi-Year Lows — Bounce to $1.55 or Breakdown to $1.25?

ATOM is in pain — and the chart doesn‘t hide it. Trading at $1.40 with every major moving average stacked above like a ceiling of bad debt, this asset is in a full structural downtrend. The SMA 7 is already $0.03 north of current price, and the 200-day sits at $1.90 — a 36% gap from where it’s trading right now. When an asset is that far below its 200-day, youre either watching a catastrophic base form or witnessing a slow-motion bleed with more air below.  What‘s slightly interesting is the momentum picture. RSI has collapsed into deeply oversold territory near 28 — a zone that historically precedes at least a short-duration mean-reversion bounce. Stochastic readings confirm this, with %K and %D both buried below 15. The MACD histogram has ground to effectively zero after sustained negative momentum — that’s not a bullish signal, but it is exhaustion, and exhaustion can precede at least a snapback.  The critical caveat is volume. Binance spot is printing under $1 million in 24-hour volume for ATOM. That‘s not a market — that’s a graveyard. As Blockchain.news has documented across comparable oversold altcoin setups, low-volume bounces off technical lows have a stubborn habit of rolling over

07-26Industry
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