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Bitcoin’s estimated leverage ratio (ELR) has dropped from its late July and early August highs, reducing the likelihood of sharp market corrections and helping to sustain price stability at elevated levels.
Share link:In this post: CoreWeave director Jack Cogen offloaded stock worth nearly $300 million as other investors offloaded up to $1 billion, according to regulatory filings The firm’s stocks have dropped by over 35% following weaker-than-expected Q2 earnings and soaring costs. Its shares had swung from a $40 IPO price in March to a $183 peak in June before retreating to around $100.
Analysts say the scale and timing of these acquisitions highlight disciplined accumulation, strengthening Ethereum’s role as a leading macro asset.
Prediction markets place the odds of US approval of a Dogecoin ETF at about 75%, due to the crypto-friendly Donald Trump administration.
- 12:56Brazilian solar energy company Thopen plans to use surplus electricity for bitcoin miningChainCatcher news, according to Cointelegraph, Brazilian solar energy company Thopen has announced plans to use surplus electricity for bitcoin mining as a way to monetize excess renewable energy and offset losses from power curtailment. In addition, the company is also evaluating solutions such as building data centers and bitcoin mining operations near the load to absorb locally generated surplus energy.
- 12:54Fed Decision Preview: Powell's Press Conference May Deliver a Hawkish SurpriseJinse Finance reported that the press conference of Federal Reserve Chairman Powell is the most closely watched event in the market. The current basic situation is that, in the absence of government data, Federal Reserve Chairman Powell will maintain the status quo and will not reveal much in terms of forward guidance. The only thing that could surprise the market is if he expresses uncertainty about a rate cut in December, which is likely to be seen as a hawkish surprise, since the market is currently very confident about a rate cut in December. In theory, the market's direct reaction to this would be: US stocks falling, US Treasury yields rising, short-term bond yields rising faster than long-term bond yields, the US dollar strengthening significantly, and precious metals such as gold and silver declining. On the other hand, if Powell's stance on a December rate cut remains unchanged, the market will continue to fluctuate based on the development of trade conditions. (Golden Ten Data)
- 12:46BlackRock: Reports of strategic investment in Treasure NFT are falseJinse Finance reported, citing market sources: Recently, a series of false posts have appeared, claiming that BlackRock has made a strategic investment in TreasureNFT. This information is untrue. BlackRock has no association with TreasureNFT.