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Mantle (MNT) has surged 35% in the past week, trading within a bullish ascending parallel channel. With strong buying pressure indicated by the Chaikin Money Flow and Super Trend support, MNT could target a rally to $1.51, though risks of a pullback remain.
Share link:In this post: Judge Ronald Griffing said Logan Paul’s bid to remove a lawsuit over the collapse of CryptoZoo should be allowed. Griffin also urged the class-action plaintiff to update all but one of its 27 claims against Paul, the one linking him to commodity pool fraud. The judge dismissed Paul’s bid to accuse CryptoZoo co-founders of the project’s failure.
Share link:In this post: SoftBank shares fell over 5% after it announced a $2 billion deal to buy Intel stock at $23 per share. Asian markets dropped across the board as investors waited for the U.S. Fed’s Jackson Hole meeting. Jerome Powell is expected to signal a possible rate cut, with futures showing an 83% chance for September.
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Share link:In this post: Ethereum ETFs now hold over 6.5M ETH, with projections showing a September flip as they close in on Bitcoin ETFs’ share of the circulating supply. US spot ETH ETFs saw $59M in outflows on August 15 after record weekly inflows of 649,000 ETH pushed totals above $3.7B. Institutional investors dominate Ethereum with 19.2M ETH, while retail holdings fall sharply, highlighting shifting market influence amid price swings near $4,450.
Share link:In this post: Odin.fun still has no set date to resume trading after its $7M hack. CEO Bob Bodily confirmed funds have been frozen in CEXs, and investigations are ongoing. Trading will only resume after user balances, audits, and platform cleanup are finalized.
SEI’s 100-day EMA is about to cross above the 200-day EMA. Combined with weekly outflows and short liquidations stacked, SEI’s price could be primed for a continuation rally. But one cohort of traders may get burned.
- 19:29Stablecoin market capitalization fell 0.11% over the past 7 daysAccording to Jinse Finance, data from DefiLlama shows that the current total market capitalization of stablecoins across the network stands at $276.439 billion, down 0.11% over the past 7 days, with USDT accounting for 60.36% of the market share.
- 18:53Bitmine Invests $45 Million to Acquire 9,613 More ETH, Now Holds $7 Billion Worth of ETHAccording to a report by Jinse Finance, Arkham's monitoring shows that Bitmine spent $45 million to acquire an additional 9,613 ETH 32 minutes ago, bringing the total value of its ETH holdings to $7 billion.
- 18:43Data: 62% of Americans expect the unemployment rate to rise in the next 12 monthsAccording to a report by Jinse Finance, The Kobeissi Letter stated that 62% of Americans now expect the unemployment rate to rise over the next 12 months, marking one of the highest levels since the 2008 financial crisis. This proportion has doubled in less than a year, and such a high percentage has never been seen during non-recession periods. Interestingly, households in the top 33% income bracket are more pessimistic than those in the middle- and low-income groups. In previous economic cycles, a shift in expectations of this magnitude has, in 100% of cases, signaled a surge in unemployment rates.