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Dogecoin has plunged 30% from its yearly high, with bearish indicators like a "Death Cross" and Super Trend readings hinting at further losses.
Share link:In this post: The UAE now holds $40 billion in Bitcoin, proving itself as a global crypto leader with a thriving blockchain ecosystem. Between July 2023 and June 2024, crypto transactions in the UAE hit $34 billion, with stablecoins dominating 51% of the activity. The country’s pro-crypto regulations, including strict AML and KYC rules, have attracted massive institutional and retail investment.
Share link:In this post: Google’s new AI tools, like Gemini 2.0 and Project Astra, have pushed its stock to an all-time high of $199.91 and reinstated investor trust. The company is taking on Nvidia with its new Trillium chip and breaking ground in quantum computing with the Willow chip. Google is under pressure from rivals like Microsoft and Elon Musk’s xAI, while also facing tough antitrust lawsuits in the U.S.
Quick Take Uniswap Labs and web3 security firm Blockaid have partnered on a new onchain detection and response system to protect DEX users from malicious tokens.
Quick Take Vlad Tenev, CEO of trading platform Robinhood, said there have been internal discussions about holding bitcoin, but the company doesn’t have plans to maintain a BTC reserve. Robinhood’s stock price is “highly correlated with bitcoin,” he said.
TON’s user growth soared to 5 million daily active users, fueled by Telegram mini-apps. TON’s price and user activity are closely linked, with price surges boosting engagement. Despite volatility, TON remains a top performer with strong market activity in 2024.
Bitcoin’s social dominance rises as meme coin interest fades amid market volatility. Liquidations spike during Bitcoin rallies, indicating over-leveraged market positions. BTC’s RSI signals weak momentum, but MACD suggests potential stabilization.
XRP and HBAR led the market rally post the 2024 US elections. XRP rose 328% and HBAR skyrocketed 457% since then. President-elect Donald Trump has exposure to XRP and HBAR as well.
Quick Take MicroStrategy, the largest corporate owner of bitcoin, has proposed increasing its number of shares in the company. Stockholders will vote on proposals to increase Class A common shares by 10 billion and preferred shares by 1 billion.
- 20:24All Three Major U.S. Stock Indexes Close LowerAccording to Jinse Finance, all three major U.S. stock indexes closed lower, with the Dow Jones down 0.94%, the Nasdaq down 0.92%, and the S&P 500 down 0.79%. Shares of Japanese and South Korean companies listed in the U.S. declined, with Nissan Motor falling over 7%, Toyota Motor nearly 4%, South Korea’s SK Telecom over 7%, and LG Display over 8%. Most major tech stocks also dropped, with Tesla down more than 6%, and Apple and Google both down over 1%.
- 19:28Sources: EU seeks agreement with US to offset automotive trade imbalanceAccording to a report by Jinse Finance, EU sources revealed that the European Union is exploring a potential automotive agreement to offset the imbalance between U.S. automobile exports and imports. The EU may secure basic tariff exemptions for aircraft and spirits in its trade agreement with the United States.
- 18:13Goldman Sachs: The Fed May Cut Interest Rates in SeptemberAccording to a report by Jinse Finance, Goldman Sachs stated that the Federal Reserve may cut interest rates in September. As the impact of tariffs diminishes and inflation recedes, the Fed could move up its timeline for rate cuts. The terminal rate range is now expected to be 3.00-3.25%, compared to the previous forecast of 3.50%-3.75%.