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Mantle (MNT) has surged 35% in the past week, trading within a bullish ascending parallel channel. With strong buying pressure indicated by the Chaikin Money Flow and Super Trend support, MNT could target a rally to $1.51, though risks of a pullback remain.
Share link:In this post: Judge Ronald Griffing said Logan Paul’s bid to remove a lawsuit over the collapse of CryptoZoo should be allowed. Griffin also urged the class-action plaintiff to update all but one of its 27 claims against Paul, the one linking him to commodity pool fraud. The judge dismissed Paul’s bid to accuse CryptoZoo co-founders of the project’s failure.
Share link:In this post: SoftBank shares fell over 5% after it announced a $2 billion deal to buy Intel stock at $23 per share. Asian markets dropped across the board as investors waited for the U.S. Fed’s Jackson Hole meeting. Jerome Powell is expected to signal a possible rate cut, with futures showing an 83% chance for September.
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Share link:In this post: Ethereum ETFs now hold over 6.5M ETH, with projections showing a September flip as they close in on Bitcoin ETFs’ share of the circulating supply. US spot ETH ETFs saw $59M in outflows on August 15 after record weekly inflows of 649,000 ETH pushed totals above $3.7B. Institutional investors dominate Ethereum with 19.2M ETH, while retail holdings fall sharply, highlighting shifting market influence amid price swings near $4,450.
Share link:In this post: Odin.fun still has no set date to resume trading after its $7M hack. CEO Bob Bodily confirmed funds have been frozen in CEXs, and investigations are ongoing. Trading will only resume after user balances, audits, and platform cleanup are finalized.
SEI’s 100-day EMA is about to cross above the 200-day EMA. Combined with weekly outflows and short liquidations stacked, SEI’s price could be primed for a continuation rally. But one cohort of traders may get burned.
- 06:03The amount of ETH queued to exit the Ethereum PoS network surpasses 1 million, setting a new all-time high.According to ChainCatcher, citing data from the validator queue tracking website validatorqueue, the current Ethereum PoS network exit queue has risen to 1,012,296 ETH, valued at approximately $4.666 billions, with withdrawal delays now extended to 17 days and 14 hours. Meanwhile, about 581,233 ETH are queued to join the network. Previous reports indicate that this situation reflects two opposing forces in the market: on one hand, some stakers may be choosing to cash out after Ethereum's significant rise since the April low, leading to a surge in the exit queue; on the other hand, new inflows driven by favorable regulatory developments and institutional demand are also pushing up the entry queue, as publicly listed companies such as SharpLink Gaming and BitMine Immersion increase their ETH holdings and engage in staking.
- 06:03Hong Kong-listed brokerage Bright Smart Securities: Will decide on applying for a stablecoin license after understanding the detailsAccording to ChainCatcher, citing AAstocks, Xu Yibin, CEO of Hong Kong-listed brokerage Bright Smart Securities, revealed that current investor education on stablecoins in the market is insufficient. He emphasized the need for a better understanding of the differences between stablecoins and other virtual assets, as well as a deeper knowledge of licensing regimes, product structures, trading hours, and other details before considering whether to apply for related licenses.
- 06:02Pansen Macro: September May Be the Last Chance for the European Central Bank to Cut Interest RatesJinse Finance reported that Pantheon Macroeconomics believes September appears to be the last opportunity for the European Central Bank to lower interest rates in the Eurozone. At its last meeting in July, the European Central Bank kept the key interest rate at 2.00%. Most investors now expect that the ECB will also not cut rates next month. Pantheon Macroeconomics believes that if consumer price inflation in August is lower than expected, this situation may change. The Eurozone CPI data will be released next week. Meanwhile, with rising energy and commodity prices, inflation may surge further. As inflation rebounds starting from September, the window for further easing this year will close. (Golden Ten Data)