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ENA's recent rally is at risk, as negative market signals, including a declining BoP and negative funding rates, suggest a possible drop to $0.48.
Share link:In this post: OpenAI went into early talks to discuss the secondary sale of shares to former and current employees, raising its valuation to $500B. The AI firm recently secured $8.3B at a $300B valuation for a second tranche of the $40B financing round led by SoftBank Group Corp. Sarah Friar, OpenAI’s CFO, said the money raised by her company brought it closer to a potential IPO.
Share link:In this post: The RBI plans to hold interest rates at 5.5% after cutting rates by 50 bps in June. The Monetary Policy Committee expects India’s inflation for 2025 to remain significantly below the RBI’s target of 4%. India faces trade tensions as Trump threatened to impose 25% levies and additional unspecified penalties starting August 7.
Share link:In this post: Ripple submitted feedback to the Senate’s crypto regulation proposal. The firm called for clearer boundaries between the SEC and CFTC. It also urged Congress to codify rules and avoid “regulation by enforcement.”
After rallying 37% in a week, PUMP is now eyeing a breakout above $0.00354. With whales and public figures still accumulating, another 15% gain could follow.
HBAR is struggling with fading momentum, marked by falling futures interest and weak spot market accumulation. This could push the token below $0.20 in the short term.
- 14:54The U.S. OFAC imposes sanctions on a major scam center sheltered by the Myanmar Karen National UnionAccording to Jinse Finance, the official website of the U.S. Department of the Treasury shows that the Office of Foreign Assets Control (OFAC) has imposed sanctions on a vast network of scam centers in Southeast Asia, which use forced labor and violence to steal billions of dollars from Americans. The targets of these sanctions include nine entities located in Shwe Kokko Valley, Myanmar, a notorious center for virtual currency investment scams, protected by the OFAC-designated Karen National Army (KNA); in addition, ten targets are located in Cambodia. Today’s sanctions by the Treasury Department target a major scam center sheltered by the Karen National Army (KNA) in Myanmar. The KNA is headquartered in Shwe Kokko, Myawaddy Township, Karen State, southeastern Myanmar, near the Thai border. Through cooperation with the Myanmar military, the KNA controls territory in eastern Karen State. KNA leaders profit from transnational criminal activities, including operating online scam centers using trafficked labor and selling utilities that provide energy for these scam operations.
- 14:12Digital asset infrastructure provider Tetra Digital Group completes $10 million funding round, with participation from Urbana Corporation and othersChainCatcher news, according to businesswire, digital asset infrastructure provider Tetra Digital Group has announced the completion of a $10 million funding round, with participation from Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank, and Shopify. The new funds are intended to support the launch of a Canadian fiat-backed stablecoin. It is reported that the Tetra stablecoin will leverage Tetra Digital Group's institutional-grade custody infrastructure to provide businesses and consumers with a stable, secure, and fully compliant digital currency, backed 1:1 by Canadian dollar reserves.
- 13:37Listed company Lion Group plans to gradually swap its existing SOL and SUI holdings for HYPE.ChainCatcher news, according to PR Newswire, integrated trading platform operator Lion Group Holding Ltd. (NASDAQ: LGHL) announced today that it plans to swap all of its existing Solana (SOL) and Sui (SUI) assets for Hyperliquid (HYPE). This move follows BitGo Trust Company's launch of an institutional-grade HYPE Ethereum Virtual Machine custody solution in the United States, aiming to optimize the company's cryptocurrency portfolio by leveraging Hyperliquid's high-performance Layer 1 blockchain and decentralized perpetual contract exchange capabilities. As part of this asset restructuring, Lion Group will adopt a progressive position-building strategy, gradually converting its SOL and SUI holdings into HYPE. This strategy seeks to lower the average acquisition cost by capitalizing on market volatility, accumulating HYPE positions at optimal prices. This move demonstrates the company's commitment to prudent risk management and long-term value creation in the ever-evolving digital asset sector.