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Three altcoins — ENA, BIO, and API3 — posted strong accumulation in mid-August. Each rally was fueled by unique catalysts like buybacks, staking, and exchange listings.
Billionaire Peter Thiel's investment firms have generated substantial paper gains from ether's recent surge, betting on Ethereum becoming Wall Street's preferred blockchain platform for financial services.
TON has garnered significant institutional support with a $780 million treasury boost, including Verb Technology’s $713 million stake in Toncoin. Alongside this, the integration of TON staking into Ledger Live offers millions of users easy access to staking, fueling growing optimism for TON’s future as it positions itself for the next major crypto rally.
Bitcoin’s price struggles to hold above support levels as miners offload reserves and institutional ETF outflows rise. Continued selling pressure could push BTC to $107,000 unless new demand re-emerges.
- 22:46Dubai court freezes $456 million in funds related to Sun Yuchen's rescue of TrueUSD issuer TechteryxJinse Finance reported that the Dubai court has frozen $456 million in funds related to Sun Yuchen's rescue of TrueUSD issuer Techteryx, due to allegations that its reserves were illegally transferred to Dubai-based company Aria Commodities, raising suspicions of "trust breach."
- 22:28Most Federal Reserve regional voting members are not supportive of a rate cut in DecemberAccording to ChainCatcher, citing Golden Ten Data, Federal Reserve officials have recently been intensively discussing monetary policy. "Fed mouthpiece" Nick Timiraos stated that currently, four regional Federal Reserve presidents with voting rights are not actively pushing for another rate cut in December. These four presidents are Collins of the Boston Fed, Musalem of the St. Louis Fed, Goolsbee of the Chicago Fed, and Schmid of the Kansas Fed, who voted against the rate cut decision in October.
- 22:24Microsoft to leverage OpenAI's custom chip technology to support internal R&D effortsJinse Finance reported that Microsoft (MSFT.O) plans to leverage its access to OpenAI's custom AI chip development to advance its own chip projects. When asked about the progress of Microsoft's internal chip development, CEO Satya Nadella stated in a podcast: "Whenever they (OpenAI) innovate at the system level, we have full access to those results. We first help them realize the technology they are building, and then further expand upon it." According to the revised agreement between the two companies, Microsoft will continue to have access to OpenAI's models until 2032 and share its research results until 2030, or until an expert panel determines that Artificial General Intelligence (AGI) has been achieved.