Sapiens International's 15min chart sees KDJ Golden Cross, Bullish Marubozu signal
ByAinvest
Monday, Jul 7, 2025 2:57 pm ET1min read
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The denial of the golden visa offer led to a decline in Toncoin's price, with the cryptocurrency edging lower on Monday following a 3.31% gain and a daily close at $2.83 on Sunday. The sentiment among derivative traders turned sour, and the technical outlook maintained a bearish tilt. The Taker Buy/Sell Volume indicator from CoinGlass showed a bearish tilt, with taker sell volume accounting for 53.32% of all executed orders in the last four hours, resulting in a long/short ratio of 0.8755 [1].
Meanwhile, SharpLink Gaming has continued to bolster its Ethereum holdings by staking an additional 2 million worth of ETH into lsETH. This move has increased the company's overall Ethereum holdings to more than 165,000 ETH, valued at approximately $458 million. The aggressive move into liquid staking has proven fruitful, with SharpLink's stock rising 28% to $11.98 in the last 24 hours [2].
SharpLink Gaming's strategy of liquid staking allows it to remain flexible and generate passive income while contributing to the decrease in the market supply of ETH. This could potentially lead to a long-term increase in the price of ETH. The company's focus on Ethereum staking aligns with the increasing tendency of institutions to employ liquid staking for both flexibility and passive income generation.
References:
[1] https://www.fxstreet.com/cryptocurrencies/news/toncoin-loses-weekend-gains-as-uae-authorities-deny-golden-visa-claim-on-ton-staking-202507070836
[2] https://www.cryptotimes.io/2025/07/03/sharplink-adds-2-million-eth-stock-jumps-28-in-24-hours/
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Sapiens International's 15-minute chart has recently triggered a KDJ Golden Cross and a Bullish Marubozu at 07/07/2025 14:45. This indicates a shift in the momentum of the stock price towards the upside, suggesting a potential further increase. The buyers are currently in control of the market, and it is likely that the bullish momentum will continue.
Toncoin (TON) experienced a significant setback following the UAE authorities' denial of a partnership that would have offered golden visas to TON holders. The announcement by Max Crown, CEO of the TON Foundation, claiming a chance to win a 10-year UAE golden visa upon staking $100,000 worth of TON, led to a temporary surge in Toncoin's price. However, the UAE Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) issued a joint statement denying any such offer [1].The denial of the golden visa offer led to a decline in Toncoin's price, with the cryptocurrency edging lower on Monday following a 3.31% gain and a daily close at $2.83 on Sunday. The sentiment among derivative traders turned sour, and the technical outlook maintained a bearish tilt. The Taker Buy/Sell Volume indicator from CoinGlass showed a bearish tilt, with taker sell volume accounting for 53.32% of all executed orders in the last four hours, resulting in a long/short ratio of 0.8755 [1].
Meanwhile, SharpLink Gaming has continued to bolster its Ethereum holdings by staking an additional 2 million worth of ETH into lsETH. This move has increased the company's overall Ethereum holdings to more than 165,000 ETH, valued at approximately $458 million. The aggressive move into liquid staking has proven fruitful, with SharpLink's stock rising 28% to $11.98 in the last 24 hours [2].
SharpLink Gaming's strategy of liquid staking allows it to remain flexible and generate passive income while contributing to the decrease in the market supply of ETH. This could potentially lead to a long-term increase in the price of ETH. The company's focus on Ethereum staking aligns with the increasing tendency of institutions to employ liquid staking for both flexibility and passive income generation.
References:
[1] https://www.fxstreet.com/cryptocurrencies/news/toncoin-loses-weekend-gains-as-uae-authorities-deny-golden-visa-claim-on-ton-staking-202507070836
[2] https://www.cryptotimes.io/2025/07/03/sharplink-adds-2-million-eth-stock-jumps-28-in-24-hours/
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