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Pi Network struggles at $0.63 with increasing selling pressure. If $0.61 support holds, a recovery to $0.71 is possible; otherwise, a drop to $0.57 may follow.
SPX6900 is consolidating under $1.20 despite new investor interest. Rising deposits and selling pressure may delay a breakout, but a move past $1.20 could drive the price to $1.40. SPX6900 is consolidating under $1.20 despite new investor interest. Rising deposits and selling pressure may delay a breakout, but a move past $1.20 could drive the price to $1.40.
James Wynn, grappling with a $100 million loss, criticizes Hyperliquid’s referral program and hints at a possible comeback, possibly linked to Binance’s CZ and a new decentralized exchange.
Cardano’s price is under pressure at $0.65, with key resistance at $0.66. If ADA fails to break this level, a decline to $0.60 is possible. Watch for a potential rebound if $0.66 holds.
Spot Ethereum ETFs have recorded a significant $837.5 million in inflows, reflecting strong institutional momentum, though analysts remain cautious about post-upgrade network activity.
- 09:47Bao Fan, Founder of China Renaissance, Reappears but No Longer Involved in Company ManagementOn August 8, according to Caixin, Bao Fan, founder of China Renaissance Holdings (01911.HK), has recently reappeared after being under investigation by relevant authorities for nearly two and a half years. China Renaissance responded that Bao Fan is no longer involved in the group’s daily management and operations, and that his personal life is considered a private matter. The company stated that its current business and operations remain normal, with the executive committee fully responsible for advancing the group’s strategy. Bao Fan’s legal counsel declined to comment on whether he has fully regained his freedom.
- 09:41Lava Payments Raises $5.8 Million in FundingAccording to Jinse Finance, US-based digital wallet company Lava Payments has announced the completion of a $5.8 million funding round. The round was led by Lerer Hippeau, with participation from Harlem Capital, Streamlined Ventures, and Westbound. The company plans to use the funds to expand its business and development efforts.
- 09:34ING: Trump’s Nomination of Interim Fed Governor Has Limited Impact on the US DollarAccording to a report by Jinse Finance, ING economist Francesco Pesole stated that the US dollar only weakened slightly after Donald Trump nominated Stephen Moore to fill the vacancy on the Federal Reserve Board. Moore has recently criticized the Fed over interest rate cuts and called for comprehensive reform of the institution. He will temporarily fill the position until his term expires in January next year. Reports also indicate that Fed Governor Waller is a leading candidate to succeed Fed Chair Jerome Powell, which has offset the impact of Moore’s nomination. Compared to another potential candidate, Kevin Hassett, Waller holds a more moderate stance on interest rate cuts.