Dogecoin is trading near $0.07, up 0.3% over the past day after another quiet session. However, the muted move hides a weaker weekly trend. Billy Markus just reminded the market why people embraced DOGE in the first place. The full context offers another look at Dogecoin’s real-world utility.

Markus, posting as Shibetoshi Nakamoto on X, replied to a prompt from crypto retirement platform iTrustCapital about the most crypto thing he had done. He answered, “I bought a ride in the Vegas Loop with Dogecoin.” He added it was not that weekend, but it remained his favorite crypto experience. The comment referenced The Boring Company’s 2022 decision to accept DOGE through BitPay.

At launch, a single ride cost about $1.50, while a day pass cost $2.50. Elon Musk also backed the payment option, saying he would support Dogecoin wherever possible. Markus, still pointing to that purchase years later, says more about DOGE’s everyday appeal than many marketing campaigns.

Meanwhile, the post arrived during another difficult stretch for crypto markets. The Senate delayed further consideration of the Clarity Act before the August recess. At the same time, roughly $604 million in crypto positions were liquidated during a sharp market selloff. That combination kept pressure on risk assets, including Dogecoin.

Discover: The Best Crypto to Diversify Your Portfolio

Can Dogecoin Price Break Back Above $0.10 Before the Clarity Act Deadline?

At $0.07064, DOGE is holding just above the $0.07 floor, but only by a slim margin. The session low reached about $0.0693, showing sellers are still pressing that support. A decisive break below $0.07 could expose the $0.064 to $0.068 range, where buyers previously stepped in.

Futures open interest has eased alongside the recent price decline, suggesting leveraged longs continue leaving the market. That points to more than a simple spot weakness. Still, price has not confirmed a breakdown, leaving the current support level in focus for the next move.

Dogecoin (DOGE)

24h7d30d1yAll time

The previous reference to $0.40 VWAP support is no longer relevant at current prices. Instead, analysts are watching whether DOGE can reclaim $0.08 before discussing a stronger recovery. Until then, the market remains well below major resistance, and momentum still favors caution.

If the Clarity Act advances before the August recess, sentiment could improve. Fresh catalysts from Elon Musk or renewed payment integrations may also help. In that case, a move back above $0.08 could reopen the path toward $0.10.

The base case remains a consolidation between $0.07 and $0.08 as traders weigh regulation and macro risks. However, a daily close below $0.07 with rising volume would strengthen the bearish outlook. Until DOGE creates a clear distance from that level, the utility story remains stronger than the chart.

Trade Dogecoin on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop

Maxi Doge Targets Early Mover Upside as DOGE Tests Key Levels

DOGE at $0.07 with a multi-billion-dollar market cap means the math on a 10x from here requires a full bull cycle and sustained retail inflows. Traders rotating capital for higher-asymmetry exposure are looking earlier in the lifecycle, which is exactly where Maxi Doge ($MAXI) sits.

The Clarity Act delay and broader risk-off pressure are squeezing established meme coins hardest; early-stage presales carry their own risks but aren’t subject to the same open-interest unwind dynamics.

$MAXI is a meme token built on Ethereum (ERC-20) positioned around a 240-lb canine mascot embodying 1000x leverage trading culture, think gym-bro meets trading desk, which lands well with the retail demographic that drives meme coin volume.

The presale has raised $4.8 million at a current price of $0.0002831, with dynamic staking APY live for holders. Features include holder-only trading competitions with leaderboard rewards and a Maxi Fund treasury earmarked for liquidity and partnerships. DYOR applies harder here than on listed assets.

Research Maxi Doge here.

Discover: The Best Token Presales

The post Dogecoin Co-Founder Billy Markus Revives Viral Vegas Loop Payment Memory appeared first on Cryptonews.

Source link

Microsoft delivered another blockbuster quarter, beating Wall Street expectations on revenue, earnings, and operating income as Azure cloud services and artificial intelligence continued to drive growth.

The stronger-than-expected results reinforced investor confidence that massive AI infrastructure investments are translating into accelerating revenue, a closely watched trend across technology and crypto markets alike.

Microsoft Crushes Q4 as Azure Growth Fuels AI Boom

The software giant reported fiscal fourth-quarter revenue of $90.0 billion, surpassing analysts’ expectations of $87.7 billion. Adjusted earnings per share came in at $4.74, well above the consensus estimate of $4.25, while operating income reached $40.6 billion, also topping forecasts.

Azure Emerges as the Standout Performer

The biggest surprise came from Microsoft’s Intelligent Cloud business.

Revenue from the segment climbed 32% year over year to $39.3 billion, while Azure and other cloud services revenue surged 43%, comfortably ahead of prior company guidance that had pointed to growth closer to the high-30% range.

Microsoft Cloud generated $59.3 billion in quarterly revenue, up 27% from a year earlier. Meanwhile, commercial remaining performance obligations—a key measure of future contracted revenue—jumped 84% to $678 billion, highlighting sustained enterprise demand.

CEO Satya Nadella credited Microsoft’s AI strategy for the performance.

“We are advancing the frontier on the cost-to-outcome curve, ensuring every customer can turn tokens into business results,” Nadella said.

He also revealed that Azure generated more than $100 billion in annual revenue for the first time during fiscal 2026, while Microsoft 365 Copilot surpassed 30 million paid seats, demonstrating growing enterprise adoption of generative AI.

AI Spending Continues to Accelerate

Microsoft’s earnings also showed that its aggressive AI investments remain substantial.

Operating cash flow reached $55.4 billion during the quarter, while capital expenditures continued climbing as the company expanded data center capacity to support AI workloads.

Property and equipment spending reached nearly $35.8 billion during the quarter and almost $116 billion for the full fiscal year, underscoring Microsoft’s commitment to building AI infrastructure despite investor scrutiny over rising costs.

The company also returned $10.2 billion to shareholders through dividends and share repurchases during the quarter.

Why Crypto Investors Are Watching

Although Microsoft’s earnings are not directly tied to digital assets, the results carry important implications for crypto markets.

Bitcoin miners, AI-related blockchain projects, decentralized infrastructure networks, and tokenized computing platforms all benefit from continued enterprise investment in cloud infrastructure and artificial intelligence.

Strong demand for AI services also reinforces the broader investment narrative that has fueled capital flows into technology stocks and AI-linked crypto assets throughout 2026.

Microsoft’s results arrive as investors increasingly evaluate whether enormous AI infrastructure spending is generating sustainable returns. This quarter’s performance suggests demand continues to outpace supply, easing concerns that cloud providers may be overbuilding capacity.

What’s Next?

Attention now turns to Microsoft’s earnings conference call, where executives are expected to provide guidance on Azure growth, capital expenditures, operating margins, and fiscal 2027 expectations.

For investors across both traditional finance and crypto markets, Microsoft’s latest results offer another indication that enterprise AI adoption continues accelerating. Whether that momentum remains strong through the remainder of the year could influence sentiment across technology stocks, AI infrastructure providers, and digital asset sectors closely tied to the expanding artificial intelligence ecosystem.

The post Microsoft Crushes Q4 as Azure Growth Fuels AI Boom, How Should Traders Position? appeared first on BeInCrypto.

Source link

“BTC’s Yardstick is hovering near historic lows, while several sentiment indicators are approaching capitulation territory,” stated Fidelity in its Q3 Signals Report on Tuesday.

However, bitcoin is currently trading around 50% below its all-time high, which is still shallow compared to previous bear market bottoms.

October Eyed as Key Cycle Timeframe

The Yardstick metric compares bitcoin’s market capitalization to network hashrate via a normalized Z-score, with values below -1 standard deviation indicating undervaluation.

It essentially measures whether the asset is trading at a fair price relative to the “energy cost” of its security. Low or negative readings signal undervaluation or cheap bitcoin, while high readings signal overvaluation and expensive BTC. The metric has been firmly in the “undervalued” zone for 83% of the past 92 days.

Bitcoin miners have faced increasing pressure as prices have fallen, yet the total hash rate has only fallen around 22% from its peak, “highlighting miner resilience.”

“As a result, the Yardstick is currently hovering near historic lows. This suggests BTC may be trading at a substantial discount relative to the energy securing the network.”

Two signals we’re watching are approaching significant levels.

BTC’s Yardstick is hovering near historic lows, while several sentiment indicators are approaching capitulation territory.

Could the market be nearing a bottom?

Explore the data in our Q3 2026 Signals Report… pic.twitter.com/XsliCQG9Lx

Advertisement

— Fidelity Digital Assets (@DigitalAssets) July 28, 2026

This has likely happened because this cycle has lower price volatility than previous ones, and the mining industry has matured, with miners now managing energy costs more efficiently, said Fidelity.

Historically, this undervalued zone has aligned with accumulation phases and relative bottoms, which lasted almost 300 days in previous cycles.

“This bear market has experienced 203 days to date, suggesting October 2026 may represent a key timeframe for investors focused on cycle dynamics.”

Joao Wedson, founder of Alphractal, said, “Bitcoin is approaching a historically important zone.” BTC’s long-term holder to short-term holder realized cap ratio has reached 3.9, approaching the level above 4 that preceded major price bottoms in previous cycles.

The metric shows realized capital increasingly concentrated among long-term holders with strong conviction, while short-term speculative participation remains weak, indicating an advanced accumulation phase.

“This does not guarantee that the exact bottom is already in, but it shows that the market is approaching a zone previously associated with major cycle bottoms.”

BTC Price Outlook

Bitcoin has retreated by 5.5% from its five-week high of $67,000 on July 21, falling to just under $63,000 on Tuesday. However, the asset has made a minor recovery to tap $64,000 three times over the past 12 hours, failing to break resistance there.

Swissblock reported on Wednesday that Bitcoin’s “reconstruction phase” has hit another obstacle as momentum has escaped its most extreme negative readings but has now stalled.

“The structure continues to stabilize, but buying participation has not expanded enough to carry price forward,” they said.

The post Fidelity Flags October and Bitcoin Bottom as ‘Yardstick’ Hits Historic Lows appeared first on CryptoPotato.

Source link

Source link

Source link

An ARK Invest analyst says the cryptocurrency industry is entering what he describes as its biggest consolidation phase yet, with revenue increasingly concentrated among a handful of dominant protocols.

In a Wednesday post on X, Lorenzo Valente, a research associate at ARK Invest, said investors have become increasingly selective, making it harder for crypto projects and exchanges without strong product-market fit to attract capital. As weaker projects struggle or shut down, revenue is becoming concentrated among a small number of dominant protocols, he said.

As evidence, Valente said perpetual futures exchange Hyperliquid and memecoin launchpad Pump.fun account for roughly 67% of total crypto application revenue. Including synthetic dollar protocol Ethena raises the top three’s combined share to nearly 80%, highlighting what he described as record-high revenue concentration across the sector.

Source: Lorenzo Valente

Valente added that he expects the trend to accelerate in the coming months, leading to more mergers and acquisitions, Chapter 11 bankruptcies, project shutdowns and acqui-hires. Despite the shakeout, he described the consolidation as “extremely bullish” for the crypto industry.

Advertisement

Related: ARK pushes back against a16z’s ‘TradFi wants blockchain, not DeFi’ claim

Exchange closures add to consolidation narrative

The comments come as several crypto exchanges have announced plans to wind down operations in recent days, underscoring mounting pressures across parts of the industry.

Last week, BitMEX announced it would shut down its exchange in September after a strategic review by owner HDR Global Trading. The exchange had recently accelerated the delisting of trading pairs and derivative contracts, citing insufficient trading interest.

Days later, BitMart announced it would end trading services on Aug. 26 before winding down operations entirely in January 2027. The exchange said the decision followed a review of its operating conditions, market environment and future strategic direction.

Advertisement

Consolidation has also come through acquisitions. Earlier this month, Bybit launched a locally operated exchange in Indonesia after acquiring a majority stake in local digital asset firm NOBI, expanding its presence in one of Asia’s largest crypto markets.

Source: BitMEX

Magazine: The 100x obsession: Fundamentals grow in importance as crypto matures

Source link

Source link

Federal Reserve Chair Kevin Warsh told markets on Wednesday to stop trading his intentions and start trading the data. Participants are learning to play the ball, not the referee, he said.

The remark landed hours after the Federal Open Market Committee (FOMC) held rates steady in a 9 to 3 vote. Warsh refused to call the outcome a pause.

Why Warsh Told Markets to Play the Ball

Warsh built his press conference around one message. Inflation sits above target, and the committee intends to bring it down.

The FOMC statement kept the federal funds range at 3.50% to 3.75%. It carried no forward guidance, a clear break from the Jerome Powell era.

Warsh also rejected the idea of a flexible goal. Five years of elevated prices, he argued, left an impression that the Fed quietly tolerated inflation above 2%.

He played down the June core Consumer Price Index (CPI) print as well. The trend matters more than any single month, he said, and inflation cannot be cured in nine weeks.

“We will deliver price stability,” Warsh assured.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

That pledge arrived with a condition. Where necessary and appropriate, Warsh said, the committee will not hesitate to act. His tone marked a shift from his first FOMC presser in June, which pushed risk assets lower.

How Bonds, SPY, and Bitcoin Responded

Warsh flagged that nominal and real yields now sit materially higher across the Treasury curve. The Fed is trying to stay out of that repricing, he added, and let the market signal come through unfiltered.

The 10-year Treasury yield eased to 4.620% after touching roughly 4.650% earlier in the session. Traders had spent the week weighing Fed rate hike odds before three dissenting Fed officials backed a quarter point increase.

The SPDR S&P 500 ETF Trust (SPY) turned positive at $742.00, up 0.17%. Gold spot pushed above $4,100, its strongest level of the session.

Bitcoin (BTC) followed the rebound. Bitcoin’s latest price action put it near $64,237, up 0.84% over 24 hours, with a market capitalization of $1.29 trillion.

Even so, the long end stays under pressure after global bond yields climbed to their highest levels since 2008.

Why Peter Schiff Says Warsh Cannot Deliver

Not everyone accepted the framing. Peter Schiff, chief economist and chief executive at Euro Pacific Asset Management, argued that only the language has changed.

“For all of Warsh’s tough talk about the Fed’s newfound commitment to achieving the 2% inflation target it failed to hit under Powell, so far the Fed has done nothing differently with respect to interest rates or its balance sheet. It’s business as usual,” said Schiff.

Schiff pointed to the long end of the curve as his evidence. Investors are selling Treasuries and buying gold, he said, rather than taking the pledge at face value.

Warsh described the weeks ahead as a period of watchful thinking rather than watchful waiting. September will show whether the data, and not the referee, agrees with him. Meanwhile, US President Trump thinks the Fed chair is brilliant.

Follow us on X to get the latest news as it happens

The post Play the Ball, Says Warsh as Fed Keeps Inflation Front and Center; SPY, Bonds React appeared first on BeInCrypto.

Source link

Source link

Binance.US plans to apply for a U.S. Commodity Futures Trading Commission (CFTC) Designated Contract Market (DCM) license next month, marking a major step in its expansion beyond spot crypto trading.

CEO Stephen Gregory reportedly announced the move at RareEvo, saying the exchange aims to launch regulated prediction markets as part of its broader comeback strategy centered on lower fees, perpetuals, and new trading products.

Binance.US Targets CFTC Approval for Prediction Markets

Binance.US is preparing to apply for Designated Contract Market (DCM) status with the CFTC next month, a move that would pave the way for the exchange to offer regulated prediction markets in the United States.

CEO Stephen Gregory, known online as Stevie_Satoshi, revealed the plan during an on-stage conversation with journalist Eleanor Terrett at the RareEvo conference.

The announcement represents another milestone in Binance.US’s efforts to rebuild its U.S. business following years of regulatory challenges and reduced product offerings.

A Bigger Comeback Strategy Takes Shape

Prediction markets are only one part of Binance.US’s broader strategy.

According to Gregory, the exchange is also focused on reducing trading fees and expanding beyond traditional spot markets into products such as perpetual contracts. The goal is to attract more traders while competing more directly with U.S. crypto exchanges offering a wider range of regulated products.

A DCM designation is the regulatory framework that allows exchanges to list futures, options, and certain event contracts under CFTC oversight. Obtaining the license would place Binance.US among platforms pursuing regulated prediction markets as demand for event-based trading continues to grow.

Why Investors Are Watching

The announcement comes as prediction markets gain increasing attention across financial markets, with traders using event contracts to hedge risk and express views on elections, economic data, sports, and other outcomes.

For Binance.US, securing a DCM license could significantly expand its product lineup while reinforcing its regulatory credentials in the United States.

However, the company has not yet submitted its application, and any approval process could take months. CFTC review timelines vary, and there is no guarantee the application will be approved.

What’s Next?

Investors will now watch for Binance.US’s formal CFTC filing, expected next month. Any updates on the application process, regulatory feedback, or future product launches could shape the exchange’s next phase of growth and influence competition in the rapidly evolving U.S. prediction markets sector.

Binance.US did not immediately respond to BeInCrypto’s request for comment.

The post Binance.US Reportedly Eyes CFTC License in Bold Prediction Markets Push appeared first on BeInCrypto.

Source link