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Day: August 18, 2025
U.S. stocks waver as investors eye earnings, Fed symposium
U.S. stocks opened the week on a muted note as momentum from the recent market rally appeared to pause ahead of the Federal Reserveโs Jackson Hole symposium. Summary Stocks opened little changed on Monday, with major indices showing potential to pare recent gains. Investors will be watching retail earnings and Federal Reserve chair Jerome Powellโs speech. Cryptocurrencies have also dipped amid profit taking deals. The S&P 500 opened 0.1% lower, while the blue-chip index Dow Jones Industrial Average hovered flat, and the Nasdaq Composite gained 0.2%. Stocks were subdued after…
CMB Subsidiary Launches Crypto Exchange in Hong Kong
CMB International Securities Limited, a subsidiary of the China Merchants Bank (CMB) โ one of Chinaโs top banks โ has launched a cryptocurrency exchange in Hong Kong. According to a Monday CMB WeChat announcement, the bank has started offering virtual asset trading services. The launch comes after the Hong Kong Securities and Futures Commission approved the bankโs application for a virtual asset service provider license in mid-July. CMBโs Hong Kong-based crypto exchange allows for 24/7 trading of Bitcoin (BTC), Ether (ETH) and Tetherโs USDt (USDT) for eligible investors. Documentation provided…
Ethereum Drops 6% as Whales Rush to Cash Out, What’s Ahead?
Key Notes Ethereum (ETH) slid nearly 6% to $4,260 as whales and traders booked profits near $4,700. Whale 0x89Da closed a $93.5M ETH long at a loss, then re-entered with a fresh $65.6M position. The NFT market lost $1.2B in a week as ETHโs dip dragged prices lower, with key support at $4,200. Ethereum ETH $4 352 24h volatility: 4.1% Market cap: $525.15 B Vol. 24h: $42.26 B slumped nearly 6% on Thursday, trading around $4,260 at press time as major whales and traders rushed to book profits after an…
Strategy Acquires 430 Bitcoin, Bolstering Holdings to 629,376 BTC
Strategy Inc. said it acquired 430 bitcoin between Aug. 11โ17, 2025, spending $51.4 million at an average price of $119,666 per BTC, bringing its total holdings to 629,376 bitcoin worth approximately $46.15 billion. The purchases were funded entirely by net proceeds from recent sales of preferred shares via its at-the-market (ATM) programs. During the same […] Original
Tourists in Thailand Can Now Convert Crypto to Baht
Key Notes Thailand rolled out its โTouristDigiPayโ pilot program focused on boosting tourism in the country. The pilot program will run for 18 months under a regulatory sandbox overseen by the Ministry of Finance and other regulators. TouristDigiPay pilot program requires that participants comply with Thailand’s strict anti-money laundering (AML) customer verification rules and KYC requirements. On Monday, Thailand rolled out its โTouristDigiPayโ pilot program, which is focused on boosting tourism in the region. According to a published statement, the program will run for 18 months, with regulators keeping an…
After Monero Hit, Qubic Group Puts Dogecoin On Target List
Qubicโs mining group has picked Dogecoin as its next target after claiming it briefly gained majority control of Moneroโs network, according to reports. Related Reading The group said it reorganized six blocks on Monero and then asked its community to vote on which ASIC-friendly proof-of-work coin to test next. The vote came on Aug. 17. Community Picks Dogecoin Based on reports, Dogecoin won the vote with more than 300 votes. Qubicโs founder, Sergey Ivancheglo, shared that Dogecoin beat out Zcash and Kaspa in a public poll. The project says its…
Is Bitcoin A Good Investment? #bitcoin #crypto
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io Bitcoin can be a good investment due to its potential for growth, increasing adoption, and potential for financial freedom. However, its volatility and lack of cash flow should be taken into consideration. Despite this, even small allocations of 1-3% to Bitcoin have shown significant outperformance compared to those who don’t invest in it. ๐ฅ GET MY FREE NEWSLETTER ๐ ๐ธ BYBIT $30,030 BONUS & FEE DISCOUNT ๐ ๐ก๐ก๐ก ESSENTIAL CRYPTO KNOWLEDGE ๐ก๐ก๐ก ๐ฅ GET MY FREE NEWSLETTER ๐ ๐จโ๐ CHECK OUT MY…
Pi Token Dips on 2nd Mainnet Rumors
Key Notes A Pi Network moderator hinted at a possible second mainnet migration in 2025. The migration would focus on unmigrated balances, referral rewards, and newly KYC-verified accounts. PI price has broken down from a symmetrical triangle, slipping below key $0.37 support. A Pi Network PI $0.36 24h volatility: 7.0% Market cap: $2.82 B Vol. 24h: $73.34 M community moderator suggested the possibility of a second mainnet migration in 2025. The comment, which emerged during a discussion around long-delayed referral bonuses and unverified balances, brought PI back in the spotlight.…
ETH Trader turns $125k into $43M, locks in $7M after market downturn
A cryptocurrency investor turned a $125,000 stake into a multimillion-dollar profit trading Ether on a decentralized exchange, even as whales began locking in gains after the recent rally. The savvy trader turned an initial investment of $125,000 into over $43 million at its peak in just four months before the latest market downturn hit his Ether (ETH) long position. Despite the market downturn, the savvy trader closed all his positions, locking in a net profit of $6.86 million on Monday, generating an impressive 55-fold return on his initial investment, according…