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Tether Treasury minted an additional 1 billion USDT on the Tron network. The total amount of USDT on the Tron network surpassed the stablecoin’s supply on the Ethereum network. Tron’s USDT supply currently sits at $61.7 billion, including authorized but unissued USDT.
Bitcoin spot ETFs just saw a huge inflow of $252 million yesterday, the biggest since July 23. Despite some funds like Grayscale’s GBTC seeing outflows, others like BlackRock and Fidelity pulled in big money.
BTC’s latest surge was arguably driven by the developments on US soil.
Analysts are bullish on XRP but there might be some worrying signs taking shape.
Share link:In this post: Bitcoin is finally showing signs of breaking out of its $58,000 to $63,000 range, thanks to hints from Jerome Powell’s recent speech. The Federal Reserve’s upcoming rate cuts in September could boost Bitcoin further, especially if the cuts are smaller and less aggressive. Spot trading is driving the current rally, and if it holds above $63,000, we could see more leveraged long positions flooding in.
Share link:In this post: Fed Chair Jerome Powell’s speech highlighted policy adjustments and interest rate cuts that rallied Solana’s price surge. Solana’s price is up by 10%, currently trading at $161. SOL’s open interest also rose to $2.34 billion, aligning with the price spike.
Share link:In this post: Bitcoin is hovering around $64,000, and there are expectations it might break $65,000 before Monday. The market shows mixed signals with some bullish indicators but also potential resistance that could slow down the rally.
Quick Take The X account for the TON blockchain has released a statement affirming support for Telegram founder and CEO Pavel Durov, who was arrested on Saturday in France and is expected to be indicted on a variety of charges related to the operations of the messaging platform. The price of Toncoin plummeted nearly 20% on Saturday before recovering slightly; the token is currently down 12% in the past twenty-four hours.
The SEC argues against Heart’s dismissal motion, asserting authority over his $1 billion fraud case involving misused funds and false claims.
- 18:58S&P 500 Index Turns Positive After Earlier Dropping Over 1%The S&P 500 index turned positive after earlier falling more than 1%; the Dow is now up 0.3%.
- 18:56Chair of the U.S. SEC: Will Draft Rule Proposals Related to Cryptocurrency, No Longer Fearful of Innovation in the Crypto SectorPaul Atkins, Chairman of the SEC, stated at an SEC speech that "the crypto market has been in the SEC's regulatory gray area for years. Initially, the SEC adopted what I call an 'ostrich policy'—perhaps hoping the crypto industry would disappear on its own. Later, the policy shifted to an enforcement-style regulation of 'shoot first, ask questions later.' The so-called 'welcome to talk' slogan often actually means 'welcome to receive a subpoena.' This is a dilemma for market participants. Such an environment cannot build trust. The real message being sent is: 'You're on your own.' I have recently instructed the Division of Corporation Finance to maintain transparent communication with the public. When regulators can have open dialogues with the industry, market participants can act more flexibly and allocate capital more effectively to productive uses. Today marks a new beginning for the SEC. I have instructed the policy staff to begin drafting rule proposals related to cryptocurrency. Meanwhile, staff are still 'clearing obstacles' through departmental-level statements. I hope the Commission will allow SEC-registered institutions to simultaneously custody and trade both securities and non-securities assets on one platform. This will help reduce investor costs and allow non-securities trading to quickly enter a federally regulated environment. In response to innovation trends and the progress of the crypto task force, we have applied to Congress for a budget reallocation to integrate the functions of the SEC's 'Strategic Hub for Innovation and Financial Technology (FinHub)' into other parts of the agency."
- 18:56BTC Surpasses $105,500Market data shows that BTC has surpassed $105,500, currently reported at $105,504.66, with a 24-hour increase of 0.98%. The market is highly volatile, so please ensure proper risk management.