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  • 08:07
    U.S. stocks pre-market: Intel rises about 6%, Chinese concept stocks mixed
    According to Jinse Finance, in pre-market trading, Intel rose by about 6% after SoftBank Group and Intel signed a $2 billion investment agreement, with SoftBank set to purchase Intel common stock at $23 per share. Chinese concept stocks showed mixed performance, with NIO up about 1%.
  • 08:03
    VanEck: Maintains Year-End BTC Target Price at $180,000
    According to ChainCatcher, VanEck has released an analysis report stating that Bitcoin experienced key developments from mid-July to mid-August: its price rebounded to an all-time high of $124,000, and the Chicago Mercantile Exchange (CME) basis reached a new annual high. VanEck maintains its year-end price target for Bitcoin at $180,000. In the mining sector, although mining company APLD's stock price rose, most mining firms underperformed. Notably, the share of global hash rate held by U.S. mining companies has reached a new high of 31.5%. The report also points out that due to low volatility, the modified net asset value (mNAV) of Digital Asset Treasuries (DATs) has declined, which has dampened financing and growth.
  • 08:02
    Analyst: Bitcoin Likely to Remain Range-Bound as Market Awaits Powell’s Speech This Friday
    BlockBeats News, August 19 — CryptoQuant analyst Axel Adler Jr stated, “The futures market sentiment index has dropped below neutral to 36%. Between August 11 and 14, this indicator briefly surged to 70% as Bitcoin’s price soared to $123,000. Currently, Bitcoin is holding at $115,000, while the sentiment index momentum is declining: in the index composition, sellers are dominating in the short term (with negative net takers and volume difference), and open interest remains neutral. This indicates that the market has transitioned from a peak of euphoria to a phase of range-bound consolidation.” This situation means that when the index remains below 45-50%, any rebound may trigger selling, and prices are likely to fluctuate within a narrow range. If the index continues to languish during weak rebounds, the likelihood of testing $112,000 increases. The key event this week is Powell’s speech at the Jackson Hole summit on Friday (regarding the economic outlook and framework review), which could determine the direction of future market sentiment.”
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