The cryptocurrency market continues its upward trend, attracting investor attention to related crypto stocks. CleanSpark(CLSK), despite falling 6% on Friday, reported record quarterly earnings (nearly $200 million in revenue, Bitcoin reserves over $1 billion), rebounding pre-market to $10.43; MARA Holdings' Bitcoin holdings exceeded 50,000 in July, making it the second largest publicly traded holder globally, with a pre-market surge of 5.4% to $16.21; Hut 8(HUT) reported a net profit of $137.5 million in Q2, with energy reserves exceeding 10,000 megawatts and Bitcoin asset value at $1.1 billion, rising 4.4% pre-market to $20.30. All three stocks show upward momentum technically, but caution is advised regarding pullback risks caused by market fluctuations.

Pi Network (PI) has shown strong momentum recently, successfully breaking through key resistance levels after a prolonged period of sideways consolidation, accompanied by a surge in trading volume, indicating a clear recovery in market sentiment. In the past 24 hours, PI has risen by 2%, and in the previous trading day, it even experienced a big pump of 16%, showing that buying power is returning. Technical signals suggest that if it can break through $0.46, long positions may initiate a new round of upward movement.

Chainlink is now not just an oracle network, but the infrastructure of a new economy.
Hundreds of millions of USD in revenue, global collaboration, enterprise applications, real on-chain demand.
Sergey

Pi Network (PI) has experienced double-digit pump over the past week, with the price once breaking through $0.46, currently retreating to $0.40, reflecting a weekly pump of approximately 13%. However, compared to the historical high reached in February, PI is still down over 86%.

Gate Alpha is launching ESPORTS for the first time and starting the seventh phase of the points Airdrop event! Hold ≥125 Gate Alpha points to receive 700 ESPORTS, first come, first served. This article will provide a detailed introduction to the Gate Alpha points mechanism, acquisition methods, and details of this Airdrop, helping you quickly get started and seize the benefits.

As the consumer price index (CPI) in the United States is set to be released on Tuesday, the sentiment in the crypto assets market continues to heat up. Bitcoin (BTC) broke through $122,000 over the weekend, while Ethereum (ETH) surged nearly 20% within a week to over $4,300.

The recent trend of Ripple (XRP) has attracted significant attention in the market, with prices stabilizing above the 3.00 USD support level and consolidating below the 3.40 USD resistance level. As the open interest (OI) in the futures market breaks through 8.5 billion USD, along with rising interest rates and volume, long positions sentiment is rapidly accumulating. If it can break through the key resistance, XRP is expected to challenge the historical high of 3.66 USD again.

The US-listed company SharpLink Gaming (SBET) has once again captured market attention, announcing that it will raise $400 million to expand its Ethereum (ETH) reserves, with a target total Holdings exceeding $3 billion. Stimulated by the news, the stock briefly surged to $28 during trading but ultimately closed down over 6.6% at $22.34, showcasing a "roller coaster" market. This transaction also marks a key step for SharpLink towards becoming one of the largest Ethereum reserves holders in the world.

South Korean tech giant Kakao is accelerating its entry into the stablecoin market, planning to launch a digital currency pegged to the KRW through the Kaia Blockchain. Recently, Kaia has registered multiple KRW-related trademarks with the Korean Intellectual Property Office, including "KRWGlobal," "KRWGL," "KRWKaia," and "KaKRW."

Ripple ( XRP ) has performed strongly over the past week, with prices soaring by 20%. However, recent bullish momentum seems to show signs of weakening, sparking discussions in the market about a pullback. On-chain data reveals Whale movements, with two transactions totaling 33.39 million XRP (worth $108 million) transferred to Coinbase within 24 hours, while exchange reserves are rising, which may indicate that long-term holders are taking profits. The technical analysis presents conflicting signals: the daily chart has broken through the descending trend line, the 4-hour chart has formed a bullish flag and is beginning to show an unconfirmed head and shoulders pattern. The Bollinger Bands show strength but prices are approaching the upper band, and the RSI (59) still has upward potential. The key liquidation zone shows that $3.134-$3.334 is a battleground for bulls and bears, with the new high target of $3.80 coexisting with short-term selling pressure risks.

The US Consumer Price Index (CPI) for July will be released on August 12, and market sentiment has already started to heat up. On-chain data shows that crypto assets whales are concentrating their funds on Chainlink (LINK), Cardano (ADA), and PEPE, indicating that they are making strategic bets ahead of the release of significant economic data. The prices of these three major assets have shown a noticeable pump recently, and they are expected to experience further breakthroughs if whale demand continues.

Ethereum ( ETH ) has been operating within a multi-month rising channel since its low of $1,300 four months ago, with a weekly rise of 21% to $4,275, approaching the historical peak of $4,800 from four years ago. The strong upward momentum is driven by continuous institutional buying, as the Coinbase premium index shows a significant influx of capital into the U.S., with a mysterious institution purchasing 220,000 ETH in a week (worth $946 million). However, concerns about high leverage in the market are emerging, with the estimated leverage ratio across all exchanges ( ELR ) reaching 0.68, close to historical highs, warning of potential increased bidirectional price fluctuations. Although buyers are dominant, pushing ETH to potentially test $4,501/$4,788, caution is needed as a breach of the key support level at $3,980 could trigger a wave of long order liquidations.

Recently, the sentiment in the Crypto Assets market has turned bullish, with the Fear and Greed Index (CFGI) briefly touching 70 before falling back to 62, still in the greed zone, indicating strong market confidence. The global market capitalization has surpassed $4 trillion, with Bitcoin and Ether prices rising together. However, historical experience shows that extreme greed often accompanies pullbacks, and the relative strength index (RSI) for BTC and ETH has fallen back from the overbought zone, combined with the current greed index, which may signal short-term market fluctuation risks. Bitcoin's high dominance (60.80%) provides support, continuing the bullish momentum. The community's views on the future market are divided, with some expecting an alt season while others worry about its absence. Analysis suggests that high greed does not necessarily reverse immediately, and the bull run may still have upside potential.

Chainlink (LINK) has initiated a bullish phase after breaking the $17.85 level, targeting $25.51 resistance. Whales increased their holdings significantly, while supply on exchanges decreased, supporting further price growth. New integrations bolster adoption alongside strong technical indicators.