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Share link:In this post: Eric Trump has warned his followers not to bet against BTC and ETH. Ethereum recorded a jump above $4,000 to wipe out short positions worth $105 million. Analysts share mixed reactions over ETH’s rally due to its record in the third quarter dating back to 2016.
Share link:In this post: SEC has waived the “bad actor” designation for Ripple after the settlement of their 5-year dispute. The waiver means Ripple can now return to raising capital in the private markets. XRP has seen substantial gains, but analysts say there is more to come.
Share link:In this post: Microsoft has announced that it will discontinue its Lens application in the coming weeks. The company has released the timeline for the removal of the application from the iOS and Android app stores. Microsoft has urged users to switch to the Copilot artificial intelligence application.
Share link:In this post: A Colorado man has pleaded guilty to operating a multi-million-dollar fraudulent investment scheme. The suspect, Timothy McPhee, is also being charged with tax evasion and conspiracy to defraud the United States. McPhee is expected to be sentenced on October 23, facing up to 30 years in prison for his crimes.
Share link:In this post: Ethiopian Electric Power has announced plans to shut down all crypto mining operations in the country. According to the EEP, no new contracts will be taken, and all existing ones will be reconsidered. EEP wants to focus electricity on domestic consumers and strategic industries.
Quick Take Bitcoin rose above $121,000 while ether reached $4,300 late night Sunday, following Trump’s executive order on allowing 401(k) accounts to invest in crypto. Spot ETF flows and corporate crypto treasuries remain key drivers of the current market cycle, analysts said.
The DeFi TVL patterns are similar to the 2021 altseason, which sent Ethereum to its record high.
Ethereum price surged 6.5% to $4,330 on August 10 as Fundamental Global unveiled a $5B ETH treasury accumulation plan.
- 18:46Fed’s Barkin: A 4.2% Unemployment Rate Is Not a Bad NumberAccording to Jinse Finance, Federal Reserve's Barkin stated that a 4.2% unemployment rate is not a bad number. The unemployment rate has remained very stable, and the slowdown in job growth is in line with the slowdown in labor force growth.
- 18:33BTC surpasses 117,800 USDAccording to Jinse Finance, market data shows that BTC has surpassed $117,800, currently quoted at $117,806.34, with a 24-hour decline of 3.19%. The market is experiencing significant volatility, so please manage your risks accordingly.
- 18:07Data: If ETH breaks through $4,764, total short liquidations on major CEXs will reach $2.169 billionAccording to ChainCatcher, citing data from Coinglass, if ETH surpasses $4,764, the total short liquidation volume on major CEXs will reach $2.169 billion. Conversely, if ETH falls below $4,340, the total long liquidation volume on major CEXs will reach $1.367 billion.