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Internet Computer Faces Fresh Selling as Support Zone Comes Under Pressure

by admin August 19, 2025

Internet Computer Protocol (ICP) drifted downward over the past 24 hours, shedding 2.35% to trade at $5.18.

The token moved within a $0.23 band between $5.14 and $5.40, reflecting a 4% swing that underscored the persistent volatility shaping current market conditions, according to CoinDesk Research’s technical analysis data model.

An advance to the resistance level of $5.40 was quickly met with distribution as ICP settled back toward its established support corridor around $5.17–$5.20. Trading saw substantial accumulation activity, with volumes surpassing 643,000 units at those levels.

ICP subsequently slipped to $5.19 with repeated resistance at $5.24 forming a descending channel pattern. Short bursts of activity, such as the 34,000-unit spike at 13:54 UTC, were unable to reverse the momentum, leaving the token consolidating at its lows.

ICP could remain under pressure if support at $5.17 fails to hold, which market participants will be observing for any rebound signals as institutional and retail traders reassess their positioning.

Technical Analysis

Price range spanned $5.14–$5.40, a 4% variance across the 24-hour session.
Resistance emerged at $5.40 on August 18 at 22:00 UTC with volume of 294,177 units.
Support consolidated at $5.17-$5.20, with early morning volumes exceeding 643,000 units.
Repeated resistance at $5.24 during late-session trading confirmed a descending channel.
Heavy selling occurred between 13:32–13:46 UTC, with a 34,396-unit spike at 13:54 UTC.
Volume showed a declining pattern, suggesting market exhaustion.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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August 19, 2025 0 comments

Crypto Trends

Breaking: XRP ETFs Facing Fresh SEC Delay

by admin August 18, 2025

The U.S. Securities and Exchange Commission (SEC) has delayed XRP exchange-traded fund (ETF) proposals from 21Shares as well as CoinShares.

The two proposals were originally filed on Nov. 21, 2024, and Jan. 24, respectively.

The SEC acknowledged both of these proposals back in February.

The agency is expected to either approve or deny these applications in October.

What do recent delays mean?

Once the SEC acknowledges a certain application, it has a maximum review timeline of up to 240 days.

The recent delays do not mean that the SEC opposes the approval of such products since these are merely procedural moves.

As reported by U.Today, Bloomberg analysts are still certain that XRP ETFs will be greenlit during the fourth quarter of the current year.

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August 18, 2025 0 comments

GameFi Guides

Metaplanet’s Bitcoin Treasury Swells to 18,888 BTC With Fresh Buy

by admin August 18, 2025

In brief

Metaplanet has bought a further 775 BTC for $93 million to bolster its corporate treasury.
The Japanese firm’s Bitcoin stash is now worth roughly $2.17 billion, despite Bitcoin’s downturn over the weekend.
Analysts told Decrypt that steady buying can tighten liquidity and raise near term volatility.

Metaplanet Inc. bought an additional 775 Bitcoin for $93 million (¥13.733 billion) Monday, lifting the Tokyo-listed firm’s holdings to 18,888 BTC as it extends its Bitcoin treasury program.

The company said the tranche was executed at an average $120,000 (¥17,720,023) per coin, lifting its aggregate cost basis to $1.94 billion (¥284.097 billion) and its overall average purchase price to $102,000 (¥15,041,118) per Bitcoin.

“18,888 BTC. Onward and upward,” Metaplanet President Simon Gerovich tweeted, sharing the announcement.

Hours before the announcement, Gerovich commented that the company hears the “disappointment in the recent pullback” of Bitcoin’s price to just over $115K over the weekend.

“It’s natural to feel that way. But what gives us conviction is the foundation we are building,” Gerovich said.

Metaplanet’s Bitcoin treasury strategy

Metaplanet’s transformation represents one of the most dramatic corporate pivots in recent history. Founded in 2010 as Red Planet Japan, the company operated a pan-Asian budget hotel chain, but the COVID-19 pandemic broke its business model, forcing property closures and resulting in six consecutive years of losses.

By early 2024, the company’s stock languished around $1.32 (¥190), before its adoption of the corporate Bitcoin acquisition playbook originated by Michael Saylor’s Strategy.

Yet the same dynamic isn’t something peculiar to Japan, according to Hank Huang, CEO of Asia-focused quantitative trading firm Kronos Research.

“Metaplanet’s latest buy shows corporate Bitcoin treasuries growing globally, with firms increasingly using BTC as a strategic reserve.” Huang told Decrypt. “At this scale, near-term liquidity could tighten, adding short-term volatility, while also serving as a hedge against fiat currencies. “

Rewards and risks

Huang noted that the primary risk to Metaplanet’s ambitions is volatility, with equity dilution as a secondary factor.

“The biggest risk for corporate Bitcoin treasuries is price volatility, with sharp BTC drops straining balance sheets and confidence,” Huang explained. “Equity dilution is a secondary concern if share-funded purchases don’t see bullish moves in both BTC and stock.”

Equity dilution happens when a company issues new shares, reducing each holder’s stake and weighing on the stock. Despite it, Metaplanet continuously amassed Bitcoin for its balance sheet, announcing plans for a $3.7 billion stock raise earlier this month to buy more.

For other Asian companies, the rules may not be the same.

“It’s hard for all Asian companies to copy Metaplanet’s Bitcoin buying. Asia’s rules vary, and companies face different challenges. No one can easily follow this move,” Jay Jo, senior analyst at Asian quantitative trading firm Tiger Research, told Decrypt.

At Metaplanet’s scale, steady buying can briefly add liquidity, but persistent bids may drain supply and amplify price swings, Jo explained.

“A company’s stock may track Bitcoin closely and often moves more wildly. For example, Strategy’s Beta is 3.78, while Bitcoin’s is normally about 1.5 to 2,” he said.

Too much reliance on Bitcoin price “without steady cash flow” may cause “sudden cash crunches,” Jo said, adding that such factors “puts heavy stress on a company’s financial health.”

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August 18, 2025 0 comments

Crypto Trends

Bitcoin Bull Market Intact As Key On-Chain Metric Points To Fresh Rally Potential

by admin June 20, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bearish pressure still lingers within the crypto sector following recent unfavorable macroeconomic conditions, and Bitcoin has fallen sharply, with its price now hovering near the $104,000 level. The bearish tension may be growing, but key on-chain metrics show that the current bull market phase is likely to continue.

Bullish Outlook For Bitcoin Endures

Bitcoin’s strong upward move, triggering a bull market phase, has stalled after hitting a new all-time high. However, the pullback does not imply that the ongoing bull market has ended, as on-chain signals point to sustained strength.

In a recent research shared on X, Alphractal, an advanced on-chain data analytics platform, has outlined a key trend that hints at a potential for a fresh rally. “Bitcoin On-Chain Analysis Still Allows Room for a New Rally,” the platform stated.

Such a trend, which is believed to be a trustworthy indicator of market maturity, indicates that Bitcoin has more room to rise and might lead to a new surge in the coming weeks.

Alphractal’s research is solely centered on the Bitcoin On-Chain CapFlow Sentiment Index. Specifically, the key metric uses a mix of momentum and stochastic indicators with several on-chain oscillators to assess BTC’s realized capitalization.

So far, the index has shown promise in pinpointing areas where the momentum of coin flow on the network begins to lose strength, indicating distribution by smart hands. According to the on-chain platform, the same is true during periods of accumulation, which frequently align with local bottoms.

BTC bull market remains strong | Source: Alphractal on X

Presently, Alphractal revealed the sentiment index is hinting at a new distribution phase as it continues to grow. When this stage is achieved, the current bull cycle is expected to come to an end, and Bitcoin will be at its most extreme level.

The platform has recollected its take on October 2025 being a critical month for Bitcoin, where fractal analysis, on-chain data, and technical metrics all suggest a possible market exit opportunity. This implies that October appears to be a good contender for the cycle peak, even if Bitcoin rallies or plummets in the days ahead.

Alphractal claims that this approach is still relevant until the analysis offers a different perspective. However, in the meantime, BTC’s bull market is still strong, and a new rally could still happen.

A Major Surge To Unprecedented Levels

While on-chain data signals the continuation of the bull market, crypto analysts like Trader Tardigrade have predicted a massive surge to unprecedented levels. Trader Tardigrade’s forecast is based on a crucial price trend known as the Power of 3.

After examining the 1-week chart, the seasoned expert revealed that BTC has entered a distribution phase that would trigger a notable upswing. If the ongoing distribution phase has a 5-wave structure, wave 1 and wave may be completed. According to the expert, the most aggressive wave is coming, and BTC may run to the top in wave 5, which is positioned at the $200,000 mark.

BTC trading at $105,765 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

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June 20, 2025 0 comments

Esports

Canada coach Jesse Marsch faces fresh Concacaf investigation

by admin June 20, 2025

Jun 19, 2025, 02:11 PM ET

The Canadian Soccer Association and head coach Jesse Marsch are under investigation by Concacaf over claims of rules violations and the use of offensive language during Canada’s 6-0 Gold Cup win over Honduras on Tuesday.

Marsch wasn’t even on the sidelines for the game since he was serving a two-game suspension for receiving a red card in Canada’s third-place game of the Nations League finals against the United States in March.

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“The Disciplinary Committee will review all available evidence, including official reports detailing that the CSA and its head coach disregarded regulations applicable to suspended match officials and used offensive language toward CONCACAF match officials,” Concacaf said in a statement Wednesday.

Marsch claimed in March that Canada has long been treated with “disrespect” by Concacaf match officials.

Canada coach Jesse Marsch faces a fresh Concacaf investigation. Shaun Clark/ISI Photos/USSF/Getty Images for USSF

Marsch, 51, is a native of Wisconsin, who played more than 300 games in MLS with D.C. United, the Chicago Fire and Chivas USA.

He was a head coach with the Montreal Impact and New York Red Bulls before heading to Europe, where he has coached at Red Bull Salzburg, RB Leipzig and Leeds United.

Information from Field Level Media was used in this report.

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June 20, 2025 0 comments

Crypto Trends

Pump.fun strengthens legal team with fresh hires to fight Burwick lawsuit

by admin June 19, 2025

The legal battle lawsuit against the memecoin launchpad Pump.fun is heating up, and the firm is gearing up to fight.

According to recent reports, Pump.fun’s parent company, Baton Corporation, has hired several high-profile attorneys to bolster its defense in its ongoing legal battles. The new hires include crypto litigation experts from the international law firm Brown Rudnick, including a former SEC investigator, Daniel L. Sachs.

The move aims to strengthen the firm’s defense team as it battles a series of allegations from Burwick Law, a New York-based firm that launched its legal campaign against the platform earlier this year.

**LEGAL ACTION ALERT: PUMPDOTFUN**

Burwick Law is pursuing legal action on behalf of investors in pumpdotfun memecoins. If you lost money on any pumpdotfun memecoins, you may be entitled to compensation.

24 Fresh Looks At Nintendo’s Next Big Switch 2 Exclusive

by admin June 18, 2025

Image: Nintendo

It’s been over 25 years since Donkey Kong’s last 3D adventure, the ill-fated Donkey Kong 64 for Nintendo’s third-gen console. The good news is that Donkey Kong Bananza looks to be avoiding all the pitfalls of its predecessor, embracing the gameplay DNA of Donkey Kong Country mixed with the sandbox mechanics of a 3D Mario.

No color-coded collectibles only certain characters can pick up this time around, although the famous DK Rap has been confirmed to appear in Bananza’s list of obtainable music tracks. Nintendo recently released two dozen screenshots showing the July 17 Switch 2 exclusive in all its glory, and the game looks like it’s shaping up to be the new blockbuster adventure DK fans have spent decades waiting for.

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June 18, 2025 0 comments

Stellar Blade is now Sony's biggest ever game on Steam by concurrent players

Game Updates

Stellar Blade director kicks the horny nest, says steamy stuff’s fine, but modders adding fresh twists would be cooler

by admin June 17, 2025

Stellar Blade modders have made a lot of sexual stuff so far. As it turns out, the game’s director is cool with that, though he is hoping that despite the game not having any official tools, modders’ll have a go at creating fresh wrinkles that add to what the Stellar Blade experience offers.

Hyung-tae Kim gave his opinion on where the game’s modding scene is currently at in a recent interview with South Korean site This Is Game, translated by Automaton and Genki.

First of all, the director’s general view on Stellar Blade modding’s pretty positive. He doesn’t see the need to interfere with them except by encouraging folks from being careful with or avoiding stuff that could mess up their base game. Exactly the kind of view you’d hope a developer would have, rather than panicking and calling the lawyers the moment someone figures out how to replace a texture.

He’s also cool with the idea of folks making reams of NSFW stuff like nice suits for the game, since Stellar Blade has a strong rating and is therefore aimed at adults. I’d caveat that as adults you might find a bit weird, but I digress. To be clear you can do the dirty to whatever floats your boat, as long as it’s not doing any harm. The trouble with Stellar Blade has been misogynistic players and online dicks treating Eve, jiggle physics et al, as an example of how all women should look in games – see some of the Steam reviews.

Anyway, the director’s less of a fan of paid mods that charge high prices, but generally seems to trust players not to engage with anything that crosses a line or involve material that could be classed as harmful or sensitive.

All of that said, Kim is keen to see Stellar Blade modders spread their wings a bit. While acknowledging that the game’s lack of official tools will likely make this more difficult, the director’s interested in seeing folks make mods that switch up what it’s like to play the game, but without straying too far from its original vision.

According to Genki’s translation, that wish was accompanied by Kim using the killer phrase “modders’ firepower is still weak”, as part of suggesting that he thinks the current crop of new cosmetics and minor tweaks don’t go much beyond the stuff the base game offers. Which, to be fair, is the norm for games that haven’t been out on PC long.

So, we’ll have to see if the SteamyBladers accept this challenge, put aside their jiggle physics manipulation for a second, open up new tabs that cover their pretty out there desktop backgrounds, and set about pushing the limits of modding potential rather than the limits of taste. You can do it, high-five Stellar Blade modde…actually, you know what, maybe not. I don’t know where that mitt’s been.

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June 17, 2025 0 comments

Game Reviews

Here’s a fresh look at Clockwork Revolution, coming “in due time”

by admin June 9, 2025

An extended look at Clockwork Revolution was shown at today’s Xbox Games Showcase, which is “coming in due time”.

The steampunk RPG shooter has already drawn comparison to the BioShock games and in this new gameplay trailer we see plenty of gadgets and time-bending powers.

There’s also a good look at its clockwork steampunk aesthetic, with plenty of humour too. Characters include “the pissed-off doll” and “the knob”, among others.

Clockwork Revolution | Xbox Games Showcase 2025Watch on YouTube

The game is being developed by inXile Entertainment, with help from former Volition developers under the studio name Shapeshifter Games. Volition – known for the Saints Row series – was closed in 2023 due to the poor performance of its most recent game.

There’s no release date yet for Clockwork Revolution, though it’ll be out on Game Pass from day one. It’s coming to PC and Xbox Series X/S.

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June 9, 2025 0 comments

Product Reviews

Dell 14 Plus Review: A Fresh Start or Same Old?

by admin June 8, 2025

Dell is in the middle of a transition. It has a new logo, and a new simplified approach to branding. The Dell 14 Plus is among the first laptop to launch to test the waters in this new era, which is seeing the end of subbrands like XPS and Inspiron. While the more exciting XPS replacement is still to come, the Dell 14 Plus has arrived to step into the shoes of the old Inspiron Plus laptops.

While it’s far from the most exciting laptop in the world, it offers a solid balance of quality and value, if only it had more configuration options available to properly classify it as a cheap laptop.

Dell On The Shell

Photograph: Luke Larsen

The Dell 14 Plus isn’t what I’d call a pretty laptop. But I don’t think it’s trying to be. Instead, it’s trying to be inoffensive. In the past, that might have meant a plastic, black shell. These days, it means a silver chassis with as few distractions or ornaments as possible. The Dell 14 Plus succeeds at doing that.

More importantly, the laptop feels quite sturdy in the hand. The lid has absolutely zero give, likely because of how tightly wound the hinge is. You can’t open it with one finger though—in fact, there isn’t even a lip on the lid for your finger. That lid is thicker than normal, too, despite the device being just 0.67 inches thick. That’s not thin compared to a MacBook Air, no, but it’s thin enough to feel modern for a laptop of this price. It also allows for enough room to squeeze in some legacy ports, including USB-A and HDMI. That’s in addition to the two USB-C ports and the headphone jack. My only complaint is that both USB-C ports are on the left side, meaning it’s the only side you can charge from.

One of the things that keeps the Dell 14 Plus from feeling like a more premium laptop is the screen. It has some thick plastic bezels, and it uses a heavy-handed matte finish. While that helps for deflecting glare, it cheapens the look of the display, making it appear dimmer and more saturated. That’s too bad too, since the screen itself is a solid one. It’s a surprisingly well-calibrated IPS panel with decent color coverage. According to my testing, it tops out at 332 nits of brightness, which won’t blow your socks off, but won’t detract too much from the experience.

I should mention that Dell offers a better display option on its 2-in-1 models. It’s a glossy Mini-LED display, though it’s not currently available from what I can see.

The Dell 14 Plus has a serviceable keyboard and touchpad. Upon receiving the unit, I was concerned about the quality of the touchpad, as its an aspect of mid-tier laptops that tends to get compromised. The touchpad isn’t perfect—the surface isn’t as smooth as I’d like. But I’m happy to report that this touchpad feels responsive, and the click mechanism isn’t overly loud.

Limited Options

Photograph: Luke Larsen

The Dell 14 Plus has just single processor options, the Intel Core Ultra 7 256V. This is Intel’s modern, efficient CPU that delivers a solid jump in battery life over previous generations. I’ve tested this chip a number of times already, and the Dell 14 Plus handles it just fine. The Dell 14 Plus even does a job of staying relatively cool and quiet. This isn’t the kind of laptop you buy for running heavy applications or games, but for the school, office work, or light content creation, the Dell 14 Plus has plenty of muscle.

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June 8, 2025 0 comments