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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.
DeFi and RWA protocols are shifting their focus to Layer 1 in pursuit of higher valuations, but rebranding won't help if the product is lacking.
Meta’s decision to cut back on AI investment and restructure its division is causing turbulence in the AI token market, with price drops seen across major assets.
- 16:17DASH market capitalization surpasses $900 million, up over 50% in 24 hoursAccording to Jinse Finance, data from Coingecko shows that DASH's market capitalization has surpassed $900 million, currently reported at $904,375,145. The current price is $72.96, with a 24-hour increase of over 56.6%.
- 16:16AllianceDAO co-founder: Several smart traders have turned bearish, and overall sentiment in the crypto market is becoming more cautiousJinse Finance reported that QwQiao, co-founder of AllianceDAO, stated in a post that most experienced traders and long-term investors have turned bearish across different cycles, and the overall sentiment in the crypto market has become noticeably more cautious. QwQiao mentioned that he has adopted a cautious stance on market trends since mid-September. Although he remains optimistic about the industry's long-term development, he believes that, given the convergence of multiple signals, it is more rational to moderately reduce positions. He pointed out that the market may currently be in a phase of structural divergence: AI concept stocks continue to rise, while other assets, including crypto assets, are under sustained pressure.
- 16:07Analysis: If Bitcoin production costs reach $112,084, mining companies may face cost challengesAccording to ChainCatcher, MarcoMicro data shows that the current bitcoin production cost has reached $112,084. Historical data also indicates that bitcoin production costs peaked at $115,098.12 on October 9. Analysts believe that the recent increase in bitcoin production costs means that most bitcoin mining companies will face challenges related to sales and administrative expenses, and will need to reduce costs in order to remain profitable.