📌 Daily Summary
● LIVE TRACKINGIn a turbulent week for cryptocurrencies, the SEC has been urged to intervene regarding the scrutiny of Donald Trump's Memecoin "TRUMP," amidst concerns of a potential "rug pull." Bitcoin (BTC) is facing a critical juncture, as analysts highlight a significant price level that could trigger further declines, compounded by a notable whale betting against the cryptocurrency's recovery in September. Meanwhile, a major Italian firm has adjusted its portfolio, liquidating Bitcoin and Solana in favor of a strategic investment in an alternative altcoin. Binance founder CZ has entered the ongoing discourse surrounding cryptocurrency storage, emphasizing the best practices for securing digital assets. Overall, the cryptocurrency market is experiencing a notable downturn, with weekly trading volumes plummeting to their lowest levels since 2026, leaving investors concerned about the future direction of Bitcoin and other digital assets as they navigate this uncertain landscape.
14:00
Two Democratic senators have sent a formal letter to the SEC regarding Donald Trump's Solana-based memecoin, Official Trump (TRUMP).
12:56
An on-chain analyst stated that if Bitcoin (BTC) falls below $61,500, selling pressure in the market could intensify further.
11:58
Italian giant Intesa Sanpaolo has sold off a large portion of its spot Bitcoin and Solana ETF holdings, while significantly increasing its Ethereum position.
10:59
CZ stated that holding cryptocurrencies on exchanges may be statistically safer than storing them in individual wallets.
09:58
A large options trade indicated a cautious outlook for Bitcoin, betting that it would remain below the $70,000 level.
