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Blockonomi

Cryptocurrency News & Your Guide to the Blockchain Economy


08/24/2026 12:58 AM

Could Ethereum Hit $5,000? On-Chain Data Fuel Bullish Case

TLDR: Ethereum MVRV golden cross on August 19 preceded a 34% surge from $1,905 to $2,547 high. Whale wallets holding 10,000+ ETH rose 1.74%, with 17 new whale addresses joining in a week. Over 180,764 ETH ($440M) left exchanges in a week, signaling reduced near-term selling pressure. Clearing 2,722–2,970 resistance could open the path toward [...]

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08/24/2026 12:46 AM

Stellar (XLM) Developer Activity Hits All-Time High as Network Overtakes Solana, Bitcoin

TLDR: Stellar developer activity hit an all-time high of 2,968 monthly active developers in June. XLM developer growth rose 125% year over year, led by Nigeria, India, Turkey and Brazil. Stellar RWAs crossed $3 billion as Q2 stablecoin transfer volume hit a record $11.4 billion. Analyst eyes XLM wave count with long-term targets near $4.21 [...]

The post Stellar (XLM) Developer Activity Hits All-Time High as Network Overtakes Solana, Bitcoin appeared first on Blockonomi.


08/24/2026 12:18 AM

Ethereum Rebounds 31% As Short Liquidations Fuel Rally

TLDR: Short liquidations averaged $131.0M weekly, up 1,514% WoW, driving ETH’s 31% price surge. Base fees rose 189% and fees burnt jumped 251%, reversing two months of network compression. Binance funding turned positive at 0.01, its first sustained bullish tilt in months. Average deposit size fell 40% to 16.1 ETH even as total inflow rose [...]

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08/24/2026 12:13 AM

China Gold Buying Far Exceeds Official PBOC Reports, Goldman Sachs Data Shows

TLDR: China’s June gold buying reached 40 tonnes via OTC, not the 15 tonnes reported officially. PBOC added 20 tonnes in July, its largest monthly purchase since October 2023. China’s U.S. Treasury holdings fell to $633.4 billion in June, lowest since 2008. Shanghai gold futures open interest hit five-year highs near 400,000 lots this week. [...]

The post China Gold Buying Far Exceeds Official PBOC Reports, Goldman Sachs Data Shows appeared first on Blockonomi.


08/23/2026 11:49 PM

US Iran Sanctions Plan Targets Oil Trade and Global Partners

TLDR: US Iran sanctions will broaden Washington’s pressure campaign against Tehran. Foreign companies supporting Iranian commerce could also face penalties. China bought over 80% of Iran’s shipped oil during 2025, Kpler data show. Beijing continues advocating diplomacy instead of economic isolation. The Strait of Hormuz blockade has sharply reduced tanker traffic. Ongoing disruption has supported [...]

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08/23/2026 11:24 PM

Bitcoin’s Five-Day Surge to $77K: What Cost-Basis Levels Reveal

TLDR: Bitcoin reclaimed the Short-Term Holder Realized Price near 67,000-69,000 for the first time since May. Long-Term Holder Realized Price held near $49,200, showing no structural distribution occurred. Bitcoin price sits near the True Market Mean and just under the Active Realized Price zone. Liquidity clusters near 78,000-80,000 could determine Bitcoin’s next major price move [...]

The post Bitcoin’s Five-Day Surge to $77K: What Cost-Basis Levels Reveal appeared first on Blockonomi.


08/23/2026 10:40 PM

Michael Saylor Says Bitcoin Digital Energy Can Preserve Value

TLDR: Bitcoin digital energy frames Michael Saylor’s view of Bitcoin as scarce, transferable value. The phrase remains an investment metaphor, not a formal classification. Strategy held 840,447 BTC at a $75,385 average cost on Aug. 16. The position represented about 4% of Bitcoin’s maximum supply. Bitcoin near $77,175 valued Strategy Bitcoin holdings around $64.86 billion. [...]

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08/23/2026 10:35 PM

Altseason Speculation Grows as Altcoins Add $215 Billion in Three Days

TLDR: Altcoin market cap rose $215 billion in three days, pushing Total2 above $1 trillion again. More than 56% of altcoins on Binance now trade above their 200-day moving average trendline. Trump urged Congress to pass the Clarity Act and pledged large-scale U.S. Bitcoin purchases. History shows 200-DMA reclaims often precede major rallies, including 2021’s [...]

The post Altseason Speculation Grows as Altcoins Add $215 Billion in Three Days appeared first on Blockonomi.


08/23/2026 10:16 PM

Solana Opens Vote to Double Disinflation, Cutting 18.9M SOL From Future Issuance

TLDR: The proposal could cut projected six-year SOL supply by 18.9M tokens, equal to about $1.81B at $95.70. Modeled staking yields could fall from 5.84% now to 4.34% after one year and 2.25% after three years. SGP-0002 needs one-third stake participation and two-thirds support, making it an early governance test. A 30% disinflation rate could [...]

The post Solana Opens Vote to Double Disinflation, Cutting 18.9M SOL From Future Issuance appeared first on Blockonomi.


08/23/2026 10:00 PM

XRP Rally Drives Upbit Volume as South Korean Traders Return

TLDR: XRP rally: The token captured 32.20% of Upbit turnover after the exchange processed about $830 million within a single Saturday hour. Upbit volume jumped 273% to $1.84 billion on August 21, then reached roughly $3.81 billion during the latest 24-hour period. Bithumb volume rose 132.9% to $934.9 million on August 21, showing the Korean [...]

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