The cryptocurrency fell to $108K after the “de minimis” exemption ended on Friday and core inflation came in at 2.9%. BTC Buckles Under Dual Pressure of Increasing Inflation and Trade Tensions Both crypto and stock markets bled on Friday after core inflation came in at 2.9% and the “de minimis” exemption, which waives tariffs on […] Original
Key points: Bitcoin risks falling into the $105,000 to $100,000 range over the weekend. Ether has pulled back in the near term, but remains above the crucial $4,094 support. Bitcoin (BTC) dropped near $108,100 on Friday, its lowest level since July 8. That suggests the bulls are losing their grip. Veteran trader Peter Brandt said in a post on X that BTC needs to climb back above $117,570 to “discount the past 7 weeks as a possible double top.” Despite the near-term weakness, network economist Timothy Peterson sounded bullish on…
Agentic AI project Eliza Labs has filed a lawsuit against Elon Musk’s xAI, claiming that the AI company engaged in monopolistic practices meant to “deplatform” agentic AI launchpads. The lawsuit claims that xAI attempted to “extract” valuable information, including technical documentation and usage figures related to the development of Eliza Labs’ platform, to copy its ideas before “banishing” Eliza Labs from xAI. Eliza Labs co-founder Shaw Walters argues in the lawsuit that the relationship between the two companies started off amicably, with xAI inviting Walters to share ideas. He also…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Ethereum is staring down one of its most significant supply risks as more than 1 million ETH, valued at $5 billion, lines up for withdrawal from staking. The unprecedented exit queue has ignited debate over whether the network could face a wave of selling pressure or if the movement marks a rotation of capital within the Ethereum ecosystem. Ethereum Sees Record Validator Exodus Ethereum faces what analysts describe as the largest validator exit events in its Proof of Stake (PoS) history. Blockchain data from ValidatorQueue shows more than 1 million…
The U.S. Commodity Futures Trading Commission (CFTC) has issued a new advisory, paving the way for foreign crypto exchanges to offer trading services to US users. CFTC Acting Chairman Caroline D. Pham says the advisory provides regulatory clarity for the foreign board of trade (FBOT) registration framework, which is designed to give non-US entities the ability to provide US residents with market access. “Today’s FBOT advisory provides the regulatory clarity needed to legally onshore trading activity that was driven out of the United States due to the unprecedented regulation by…
21Shares, a Switzerland-based asset manager and issuer of crypto exchange-traded products (ETPs), has listed the Hyperliquid ETP on the SIX Swiss Exchange. The product gives investors exposure to the Hyperliquid token without the need for wallets or onchain custody. In a Friday announcement, the company described Hyperliquid as one of the major venues for decentralized derivatives, claiming it processes more than $8 billion in daily volume, with $2 trillion in trades since its 2023 launch, and roughly 80% of the total decentralized perpetuals activity. The listing, which marks the first…
Eric Trump told attendees at Bitcoin Asia that he spends most of his time on digital assets and sees bitcoin as central to finance’s future, speaking with interviewer David Bailey, the KindlyMD CEO and organizer of the conference. At Hong Kong Event, Eric Trump Calls Bitcoin the ‘Greatest Asset’ The session touched on bitcoin mining, […] Original
Key Notes Tron’s fee reduction from 210 to 100 sun represents the largest cost cut in the network’s history, effective August 29. Trading data reveals $64 million in short positions versus $15.9 million in longs, indicating widespread bearish expectations. Technical analysis shows death cross formation and RSI decline, suggesting prolonged consolidation between $0.33-$0.36 levels. Tron Network Founder Justin Sun issued a post on August 29 supporting Tron Improvement Proposal #789, which reduces network fees by 60%. The proposal, submitted on Wednesday, is set to lower the energy unit price from…
While Bitcoin balances continue their months-long decline on the exchange, Ethereum deposits are quietly swelling. This divergence paints a clear picture of two competing asset narratives, with traders likely rotating into altcoins. Summary OKX publishes its 34th proof-of-reserves, confirming $33.7 billion in fully backed assets. Bitcoin balances continue to decline on the exchange while Ethereum deposits rise. XRP, Dogecoin, Solana, and major stablecoins also show strong backing above 100%. On August 29, crypto exchange OKX published its 34th consecutive monthly proof of reserves, verifying it holds all user assets with…