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Pi Coin price action has been brutal, but subtle bullish signals from money flow and momentum hint that a short-term rebound may be on the way.
Share link:In this post: Apple is expanding iPhone 17 production across five factories in India, including Tata and Foxconn sites. Trump raised tariffs on Indian imports to 50% and warned of 100% secondary tariffs over Russian oil ties. India is under U.S. pressure to buy and resell discounted Russian oil during the Ukraine war.
Share link:In this post: The White House has joined TikTok, even though the app could be banned in the U.S. later this year. Trump is using the app to share policies and reach young voters. TikTok faces lawsuits and security concerns over data privacy and its effect on teens.
Share link:In this post: Paul Atkins says the SEC will launch the President’s Digital Assets Group soon. The plan follows the White House roadmap on crypto rules. The move shows the US wants to lead in digital assets.
Trump: Pump the Coin, Dump the Stock
- 23:31Grayscale Files Registration Statement for Its Avalanche TrustAccording to a report by Jinse Finance, citing market news from @DecryptMedia: Crypto asset management firm Grayscale has filed a registration statement for its "Avalanche Trust," aiming to facilitate an "uplisting" of this investment vehicle.
- 23:22Overview of Key Overnight Developments on August 2621:00 (UTC+8) - 7:00 Keywords: Rate Cut, US SEC, a16z 1. The probability of a Fed rate cut in September is 82.8%; 2. Sequans announces a $200 million equity plan to accelerate its Bitcoin reserve strategy; 3. The acting chairman of the US CFTC may join MoonPay after confirmation as official chairman; 4. The US SEC has postponed decisions on the Canary Spot PENGU ETF and Grayscale Spot Cardano ETF applications; 5. The US SEC has opened a public comment period for the Canary Staked INJ ETF; 6. a16z, together with OpenAI co-founders and others, has established a $100 million AI industry PAC to promote pro-AI policies.
- 22:28The probability of a Fed rate cut in September is 82.8%According to CME "FedWatch" reported by Jinse Finance, there is a 17.2% probability that the Federal Reserve will keep interest rates unchanged in September, and an 82.8% probability of a 25 basis point rate cut. For October, there is a 10% probability that rates will remain unchanged, a 55.5% probability of a cumulative 25 basis point rate cut, and a 34.5% probability of a cumulative 50 basis point rate cut.