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Overview: After yesterday's setback in North America, the greenback remains under modest pressure today. It is lower against all the G10 currencies. The dollar also is softer against most emerging market currencies. The dollar was fixed at a new low for the year against the Chinese yuan. The yuan has a five-day advance in tow, the longest rally since last September. Today, the US raises $185 bln in bills and sells $44 bln seven-year notes. The US sees a possible slight upward revision in Q2 GDP (3.1% vs. 3.0%) and weekly jobless claims. Federal Reserve Governor Waller speaks after the markets closed. The large equity markets in the Asia Pacific region were mixed. The rally in mainland shares continues, but Hong Kong and the index of mainland companies that trade there fell. India, which was on holiday yesterday, when the new US tariffs went into effect, saw stocks comes under pressure today. Europe's Stoxx 600 eked out a 0.1% gain yesterday and is straddling unchanged levels today, waiting perhaps for directional cues from the US, where the index futures are also little changed. Benchmark 10-year yields played catch-up today after the rally in the US yesterday. European yields are mostly softer, though the survival of the Dutch government of a confidence vote has seen little reaction. While the French government is still on tenterhooks, the 10-year French yield is down the most in Europe today (~2.5 bp). The 10-year US Treasury yield is a little softer, slightly below 4.23%. Gold is firm around $3400, its best level in almost three weeks, while October WTI is softer in a roughly half-dollar range below $64. USD: After Fed Chair Powell's indication at the end of last week that the risk assessment may be shifting, and the dollar reversed lower to extend this month's pullback after the July bounce, the greenback looked poised to resume the H1 25 decline. Instead, the Dollar Index traded better in the first half of the week. It rose to almost 98.75 yesterday, but North American operators sold into the gains and sent the Dollar Index to a new session low near 98.15. Follow-through selling has seen in slip closer to 98.00 today. Yet it remains within the range set last Friday (~97.55-98.35). We note that the odds of a cut next month remain slightly higher than at the end of last week, and the two-year yield is around seven basis points lower. The 10-year yield is about three basis points softer compared with the end of last week. Today it is likely to see a small uptick in Q2 GDP, helped by an upward revision in consumption. Weekly jobless claims, pending home sales, and the KC Fed's manufacturing survey are due. Of note, eight Fed surveys have been published this month and they are split evenly between improvement and deterioration. Governor Waller, a dovish dissent last month, speaks late today on monetary policy. EURO: The euro fell to three-week lows yesterday, near $1.1575. This approached the (50%) retracement of this month’s gains, found slightly above $1.1565. In North America, it recovered and set new session highs after European markets closed. It reached almost $1.1650 and left a bullish hammer candlestick in its wake. Follow-through buying has been limited to $1.1655 today but given the intraday momentum indicators, a high for the session may not be in place. Meanwhile, the US two-year premium over Germany has tightened. Now, below 170 bp, is the smallest since March. We did not expect the downside correction to this month's gains after Powell spoke, but with another soft US jobs report next Friday, followed by annual benchmark revisions to nonfarm payrolls the following week, and the independence of the Federal Reserve still under attack, we are reluctant to abandon the constructive outlook for the euro. CNY: After approaching the low for the year yesterday, the dollar bounced back against the yuan. The greenback was bid toward CNH7.1655 after recording a low yesterday near CNH7.1455. Follow-through selling today sent the dollar to a new low for the year, slightly below CNH7.13. The PBOC has been setting the dollar's fix lower on a trend basis since April/May. For the second consecutive session, it was set a new low for the year today (CNY7.1063 vs. CNY7.1108 yesterday). Separately, mainland investors sold a record of HK20.4 bln of HK listed stocks today and apparently repatriated the helped lift the CSI 300 by almost 1.8%, while driving down the index of Chinese companies that trade in HK by 1.15%. JPY: The dollar rose to a three-day high near JPY148.20. It was the ninth time this month that it traded north of JPY148, but it was unable to settle above it, which it has done only twice. As the US rates fell 4-5 basis points from intrasession highs, the dollar fell to a new session low near JPY147.30. It has been sold to JPY147 today. The price action looks poor, but the greenback remains in the range set last Friday (~JPY146.60-JPY148.80). The intraday momentum indicators suggest that the lower end of last Friday's range will likely remain intact today. This week's Japanese macro data is concentrated tomorrow. Broadly speaking, the reports look soft. Retail sales may have pulled back after they rose by 0.9% in June (initially1.0%). Industrial output, which jumped 2.1% in June, also likely slowed. The most important data point, however, is the Tokyo CPI. The headline and core rates may have moderated for the third consecutive month. Net-net this month, the swaps market is little changed with 17-18 bp of tightening discounted before the end of the year. At the end of last week, the US 10-year premium over Japan fell to around 263 bp, a three-year low. It is hovering slightly below there now. GBP: Sterling was sold to a three-day low yesterday, almost $1.3415. The pre-weekend low, before Powell spoke was closer to $1.3390. It bounced back in North America and, although it took out Tuesday's high (~$1.3495), and settled above it. Its advance today stalled in front of $1.3520. The odds of another rate cut this year are near 40%, down from 100% that was discounted before the Bank of England met earlier this month. The implied year-end rate in the swaps market has risen by about 12 bp this month, while the 10-year yield is up about 18 bp. In contrast, the implied year-end rate in the US has fallen 22 bp this month, while the 10-year yield has fallen around 14 bp. CAD: The US dollar was sold to a seven-day low yesterday near CAD1.3780. It settled below the 20-day moving average (~CAD1.3810) for the first time in a month. Selling today pushed the greenback to new two-week lows today below CAD1.3770. Nearby support is seen around CAD1.3750 and then CAD1.3720. Canada reports the Q2 current account balance today ahead of tomorrow's Q2 GDP. Canada's current account deficit was as much as 3.6% of GDP in 2010 and has been improving since 2015 and has averaged less than 0.5% of GDP over the past four years. In Canadian dollar terms, it averaged C$3.5 bln a quarter last year and C$4.6 bln in 2023. The merchandise trade balance deteriorated sharply in Q2 (~C$19 bln deficit after an almost C$400 mln deficit in Q1 25). The risk is of a blowout deficit of around C$19.3 bln, according to the median projection in Bloomberg's survey. It would be the largest deficit in at least a decade. A much weaker report could impact expectations for tomorrow's GDP. Bloomberg continues to show two different median forecasts but the difference (-0.5% and -0.7%) may be inconsequential. AUD: The jump in Australia's July CPI (2.8% vs. 1.9% in June) did little to help the Australian dollar, which fell to a three-day low against the greenback (~$0.6465) before recovering smartly in North America. It rose to a new seven-day high near $0.6515. It settled above Tuesday's high to post an outside up day against the dollar. The (50%) retracement of the Aussie's losses since the year's high was recorded in late July (~$0.6625) is about $0.6520 and it has been met today. The next immediate target may be the trendline connecting the July and August highs is found closer to $0.6530. Expectations for the trajectory of Australian monetary policy did not change significantly. The futures market has a little more than a 25 bp cut discounted for the November RBA meeting. The implied year-end rate is virtually unchanged this week, near 3.25% (vs 3.60% current target rate). MXN: Mexico unexpectedly reported a small trade deficit for July, and it added to the pressure on the currency from the firmer greenback and heavier emerging market currencies. Exports rose by 5%, the largest increase since March, to reach a record high. Imports rose a little more than 6% last month, the first increase in three months, and were just shy of last October's record $57.3 bln. Mexico reports July unemployment today (expected to rise to 2.86% from 2.69%) but it tends not to have much impact on the market. The dollar rose above last Friday's high (~MXN18.7760) to approach MXN18.80, and as it found sellers broadly, it returned to the MXN18.65 area, where it consolidated in late dealings. It has slipped to almost MXN18.63 today. Monday's low was near MXN18.5530. The dollar posted similar price action against the Brazilian real. The greenback rose to a three-day high initially and tested the 20-day moving average around. BRL5.4555 before reversing. It was knocking on BRL5.4150 at the close. The year's low was set earlier this month near BRL5.38. Disclaimer

Bitcoin slid to levels not seen since early July this week, but some analysts say the drop may be only a short pause before a bigger year-end move. September has a long record of being the weakest month for BTC, and historically it has never closed more than 8% higher. That context is shaping how traders and researchers read the charts now. Expert’s Timing And Historic Averages According to research from network economist Timothy Peterson, there are four months until Christmas and history favors gains in that window. Peterson posted on X that Bitcoin has been higher over the same four-month span 70% of the time, and the average gain he calculated was +44%. Based on that average, Bitcoin would trade near $160,000 by the last week of 2025. Peterson also warned that the calculation is more of a guideline than a promise. He suggested excluding certain years—2018, 2022, 2020, and 2017—because those years did not match what he calls comparable market conditions, and removing them tilts the result toward steadier, more positive returns. Markets rarely follow neat averages. Even when a long-term pattern appears, short bursts of volatility still happen. Peterson’s note about excluding specific years acknowledges that reality. It is a reminder that averages smooth over big swings. Traders See Familiar Patterns Some traders on X described the current price behavior as a repeat of past seasonal moves. According to Trader Donny, Bitcoin is “front-running” the usual September lull and could move significantly higher afterward. He compared the present action to 2017 and suggested that BTC might be mirroring gold, catching up after a period of lag. That comparison to gold has been made before; it is a shorthand for assets that sometimes trade out of sync and then align again as macro forces change. For now, price action looks like a pause, not a breakdown. Outlook Through Year End Based on reports and the numbers involved, the coming months will be an important test of whether past four-month rallies repeat themselves. An average +44% move would be a big swing if it materializes, yet averages do not guarantee one outcome. For traders and investors, that means balancing the historical pattern with the real-time risks that have pushed BTC back to July levels. Featured image from Meta, chart from TradingView

This week Monero (XMR crypto) developers moved to calm fears of a potential 51% attack linked to the Qubic mining pool. Whether Qubic ever actually controlled a majority of XMR ▲0.31% hashrate is still unproven, but the claim alone was enough to jolt the community. “Qubic only showed what is possible,” said Joel Valenzuela, a Dash DAO core member. “Much better-funded and more determined actors could cause so much more chaos. It’s an ‘evolve or die’ moment.” The scare briefly knocked the XMR price down to $233 on August 16 before bouncing back above $250 along with the wider crypto market. Should you be worried? What Is the Full-Chain Membership Proofs (FCMP) Monero Upgrade? MoneroPriceMarket CapXMR$5.05B24h7d30d1yAll time Monero confirmed that its Full-Chain Membership Proofs (FCMP) upgrade is moving fast, with a testnet launch expected soon. FCMP is seen as a direct response to 51% attack fears and a leap forward for Monero’s privacy model. The upgrade promises two critical advances: Zero-knowledge proofs for verifying transactions without revealing amounts or identities. Performance gains, cutting cryptographic proof times for multi-input transactions from 5+ minutes to about 1 minute. (XMR) The Qubic scare reignited debate about Monero’s reliance on proof-of-work (PoW). Successful PoW coins ensure their security by cornering their mining niche. Bitcoin is the SHA-256 coin, and Ethereum is the GPU coin. The insane fees were essentially the requirement to maintain Ethereum as the primary GPU coin with a high security budget. DISCOVER: 20+ Next Crypto to Explode in 2025 Monero, on the other hand, secured the CPU niche but was not greedy enough to exploit it. The hash rate would have been way higher if it had been greedier with miner rewards. There would be more serious miners, and Qubic would be unable to do what it’s doing to this extent. Instead of shilling Bakecel circular economy, Monero should have gone with a better Swiss bank account narrative. (X) Some developers and community members are now pushing for a hybrid model, mixing PoW with other mechanisms. Luke Parker, Monero developer, has suggested exploring hybrid approaches. However, devs like Valenzuela are conflicted: “The community is probably split 50/50 on this issue.” DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Is a Hybrid Consensus Model the Future of XMR Crypto? Data Breakdown: The Economics of a 51% Attack Understanding why the Qubic event sparked alarms helps in examining the numbers. Proof-of-work comes with a built-in risk. Whoever captures 51% of the hashrate gains the power to rewrite the chain and create double-spends at will. Monero tried to guard against mining centralization by shifting to the CPU-friendly RandomX algorithm, cutting ASICs out of the picture. But the move has its downside: it makes it easier for an attacker to rent massive computing power or hijack botnets, which is far less feasible in Bitcoin’s ASIC-dominated landscape. The controversy around hybrid consensus reveals a larger struggle. Monero must decide whether to stick with proof-of-work purity or adopt new structures to withstand emerging risks better. EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways This week Monero developers moved to calm fears of a potential 51% attack linked to the Qubic mining pool. Some developers and community members are now pushing for a hybrid model, mixing PoW with other mechanisms. The post Look Inside Monero’s FCMP Upgrade Plan to Recover From 51% Attack appeared first on 99Bitcoins.

The crypto market is shaking off the summer dip as altcoin season kicks back into play. Today’s headlines include Cronos, which has beenpumping since Trump’s Media announcement; Numeraire, too, which is going; and falling Dolomite DOLO crypto after Binance and Coinbase listing. Bitcoin dominance is dipping further to 58%, the Altcoin Season Index hovers at 59, and cash is rotating from BTC to altcoins. Ethereum is holding steady at $4,600 level with ETH ETF inflows recording 4X against Bitcoin’s last week. (Altcoin season index, source – CoinGlass) Analysts are pointing to Fed rate cut hints and China’s stimulus as market’s fuel. Institutional whales has been adding $2.2 billion into ETH, and are now controlling 9% of supply, while small-caps volumes lag. Is it bad? Likely not, it’s a perfect path to a classic early altseason run. DOLO crypto could be dropping, but Solana with Jupiter and Raydium dominate with fresh liquidity as memecoin heats up. SolanaPriceMarket CapSOL$115.28B24h7d30d1yAll time DISCOVER: Top Solana Meme Coins to Buy in 2025 Numeraire, DOLO, and Cronos Dominating Headlines Cronos stole the spotlight with a 56% jump in 24 hours, blasting to $0.35 on $2 billion crypto volume. As we know, Trump Media’s $6.4 billion crypto pivot has add another $1 billion into CRO chart. In addition to that, a $5 billion credit line for Truth Social integrations is pushing CRO up 141% weekly. (CRO/USD, source – TradingView) Numeraire is no slouch either; the crypto is rocketing by 74% to above $21 after JPMorgan’s $500 million bet on Numerai AI hedge fund. Assets under management doubled to a big $1 billion, with 784,000 NMR staked in data models. Numeraire could be the coin that restart AI crypto run. However, Dolomite DOLO is the odd one, tanking 15% to $0.26 despite Binance and Coinbase crypto listings. A whale was dumping 20 million DOLO crypto pre-launch, raising rug-pull eyebrows amid $116 million volume. Security exploits aslo drained $165K, hype and headaches for holders. (DOLO Crypto, source – GeckoTerminal) DePIN projects are also in the headlines after hitting $17.9 billion cap, while its stablecoins launch in Wyoming and Japan. Biotech firms eye crypto for funding, and Trump’s “American Bitcoin” tease will be debuting next month. BTC at $110,000 feels like the calm before alts explode, once dominance below 55%, the real fireworks will begin. BitcoinPriceMarket CapBTC$2.25T24h7d30d1yAll time DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates There are no live updates available yet. Please check back soon! The post Crypto News Today, August 28 – Altcoin Season is Back: Cronos and Numeraire Still Going, DOLO Crypto Falling appeared first on 99Bitcoins.

Whilst the Bitcoin market has been rocked with downside in recent weeks, a Summer of explosive activity from Bitcoin treasuries, alongside rising hopes of a long-anticipated Fed rate cut are driving sustained demand for the top corn. But how realistic is a September Bitcoin ATH? Bitcoin BTC ▲1.77% hype remained high all throughout the summer. But how long can it be sustained? As long as the BTC USD price is moving up, it seems! Traders and investors are holding up hope to see rates cut in the US finally land in September. The chances for this happening are the highest they have ever been, despite recent turbulence from the Jackson Hole conference. This is a major potential catalyst for BTC USD price growth as it injects new liquidity into the markets in a huge risk-on signal. “BTC”Price“BTC”24h7d30d1yAll time Another liquidity injector is the latest World Liberty Financial launch – Trump’s family crypto company. Will those two events be enough to fulfill the hope of the September Bitcoin ATH? IncomeShark’s analysis is pretty simple and easy to understand – support is holding for now. Indeed, CT (crypto Twitter) has been quiet lately about Bitcoin, even a little scared. People get loud late, after significant moves. DISCOVER: Best New Cryptocurrencies to Invest in 2025 September Bitcoin ATH: What Are The Charts Saying? (BTCUSD) Starting our analysis with the Weekly timeframe, we see an FVG gap from early 2024 remain unfilled. From this Spring, 2025, we have another Weekly FVG that has not been filled yet. As history shows, some gaps get filled, and others don’t. The bullish scenario here is for this one to remain unfilled, especially considering the large liquidation event early this week, when $1bn+ was wiped off from people’s accounts. DISCOVER: 20+ Next Crypto to Explode in 2025 (BTCUSD) Continuing our analysis on the 1D chart, we can see the Bullish Engulfing candle that started July’s run. Afterwards, we have a wick up to $123,000 and on August 14th, a wick into $124,000, followed by a rejection and a large sell candle body. That is our Bearish Engulfing candle, which indicates sellers are in control. This week, the price bounced off the bullish order block. Let’s zoom in for more details. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Closing Thoughts on BTC USD: Bullish Or Bearish Price Action? (BTCUSD) On the lower timeframe – 4H – we can dissect BTC USD price action a bit more precise. The wick into $124,000 can be considered an SFP, followed by a break in market structure. A bounce off of the previous high formed a Bullish Engulfing candle, right into the bearish order block, which was a perfect short entry. Then, BTC price proceeded to deviate below support, collect liquidity from the bullish orderblock below, and reclaim support. That reclaim is actually really key—a rejection would’ve been worrisome for bulls. For now, within this timeframe, the price action is bullish. Chances for a September Bitcoin ATH are there. Bearish case: The SFP, hidden bearish divergence on the RSI, and Bearish Engulfing Candle on the 1D chart are factors to keep in mind. They could cause a deeper pullback. This is our bearish scenario, especially if a rate cut is already priced in or fails to materialize. Join The 99Bitcoins News Discord Here For The Latest Market Updates BTC Price Forecast: A Technical Look at Why a September ATH is Possible Key level to hold is $110,000 – $112,000 1D chart shows bearish factors, yet structure remains bullish Expect Price might be choppy around Monthly close Everyone is waiting for Rate Cut announcement The post Experts Explain How a September ATH is Possible For Bitcoin: BTC USD Price Analysis appeared first on 99Bitcoins.

After the Bitcoin price retracement, XRP seems to have entered into another bearish trend that has sent it below $3 once again. However, despite the correction, XRP has continued to hold major levels, unlike Bitcoin, which has gone on to make new local lows. This suggests that XRP is performing differently from Bitcoin and could see a rally despite the Bitcoin price remaining low during this time. Why XRP Price Holding Above $2.9 Is A Good Thing So far, despite falling below $3, the XRP price has continued to hold above $2.9, which is a major macro level for the XRP price. As crypto analyst CasiTrades explains in an X post, the XRP price has continued to hold its larger macro consolidation pattern, even testing the key trend line at $2.91. Amid the market downtrend, altcoins like XRP have also continued to show bullish divergences. This suggests that the decline may only be short-lived, and a rally could be in the future. There is also the subject of weakening momentum underneath this level, but the crypto analyst explains that this could mean that the XRP price could see a relief bounce soon. As long as the XRP price continues to trade inside of this current consolidation level, there is still the possibility that bulls can reclaim control of the altcoin. Since it is at the 0.618 Fibonacci level, the crypto analyst points out that this is the area of the ‘golden retrace’, a level that has been historically known to set the stage for a bullish continuation. At this point, XRP could be looking to continue a textbook Elliot Wave continuation of Wave 3. Unlike Wave 2, Wave 3 is a bullish wave that tends to send digital asset prices to new local peaks, and sometimes, new all-time highs. For now, the major level that the XRP price needs to hold lies at $2.9. Casi explains that as long as this level holds and remains a support block for the altcoin, then it could signal the start of a new bullish trend that could push the altcoin to brand-new all-time highs. The target for the continuation of the Wave 3 lies above $5.3, clearing the current all-time high of $3.8. This would also mean an over 80% increase from the current price.

Finally, Bitcoin’s price remains stable above $112K as altcoins Numeraire (NMR) and Treehouse (TREE) crypto post strong double-digit gains. But they are not the only ones. Several altcoins are showing strength despite the fear and greed index staying in a neutral range. Not to forget the explosion of CRO after Trump Media announced its investment plan. Could this be a sign that money is rotating toward altcoins? What could be the next crypto to explode? BitcoinPriceMarket CapBTC$2.25T24h7d30d1yAll time DISCOVER: Top 20 Crypto to Buy in 2025 NMR, TRE, and CRO Are Stealing the Spotlight Right Now – What Could Be the Next Crypto to Explode? Let’s talk about the winners of the past couple of days. Numeraire (NMR) has shown significant momentum in recent days. Launched in 2017, the AI-driven token surged more than 150% within 48 hours, breaking multi-week resistance levels and recording high trading activity across major exchanges. At press time, NMR is up 43% in 24 hours, trading at $21.36 and reversing months of weakness. While still down 33% year-to-date, it has gained 37% in the past week, placing it among the strongest performers. The sharp rise in NMR followed news that JPMorgan Asset Management invested in its decentralized hedge fund, securing $500 million in capacity. EXPLORE: Dolomite Crypto Soars After Binance Listing: Linked To Trump? Alongside NMR, CRO has also drawn attention. Trump Media & Technology Group confirmed a $105 million purchase of CRO tokens through a new partnership with Crypto.com. This treasury-style investment pushed CRO up 56% in the past 24 hours with $2 billion in trading volume, although the token remains 50% below its previous all-time high. Meanwhile, Upbit, South Korea’s largest crypto exchange, has listed Treehouse (TREE) with KRW, BTC, and USDT pairs. Treehouse is a decentralized fixed income protocol introducing tAssets, yield-optimized staking tokens, and Decentralized Offered Rates (DOR), a benchmark system unifying on-chain interest rates. The TREE token powers governance, staking, and rewards. TREE crypto is currently up 45%, trading at $0.45, but still 28% below the $0.65 peak reached after the listing announcement. Bitcoin continues to trade firmly above $113K, with ETF inflows supporting its resilience. The leading cryptocurrency holds a $2.21 trillion market capitalization and a daily trading volume of nearly $40 billion, signaling ongoing accumulation despite broader market uncertainty. Curious about the other big stories in crypto? Stay tuned to our real-time updates below. 23 minutes ago American Bitcoin, Owned by Donald Trump’s Sons, to Merge with Gryphon Digital Mining and Target Nasdaq Listing By Fatima American Bitcoin, a mining firm owned by two of former U.S. President Donald Trump’s sons, has secured support from both crypto and traditional investors to pursue an all-stock merger. The deal, set to be finalized soon, involves a merger with Gryphon Digital Mining (GRYP.O) and is expected to pave the way for a Nasdaq listing in early September. According to Asher Genoot, CEO of Hut 8 (HUT.O), which holds 80% of American Bitcoin, the move will position the company for broader market exposure and institutional investment. 2 hours ago Jupiter and Raydium Heat Up: Are Solana Meme Coins Set For a Hot September? By Fatima Jupiter and Raydium are stealing the spotlight as Solana meme coins heat up this September, with liquidity battling, new launches, and institutional money driving the crypto market into overdrive. Bitcoin is now seeing heavy capital rotation into smaller caps like Ethereum and Solana, a shift that could set the stage for the next big altcoin season. With meme coins already pumping and liquidity flowing into Solana, the stage looks set for a retail-driven frenzy through September. Is Bitcoin and institutions setting the stage for Altcoin season: What does Jupiter and Raydium say? Read The Full Article Here The post [LIVE] Crypto News Today, August 28 – Bitcoin Holds Above $112K as Treehouse (TREE) and Numeraire (NMR) Crypto Surge with Double-Digit Gains: Next Crypto To Explode? appeared first on 99Bitcoins.

Asia Market Wrap - China Chipmakers Rally Most Read: Nvidia releases earnings and getting ready for the monthly US GDP release – Market wrap for the North American session - August 27 Stock prices in Asia were unstable on Thursday due to worries about the future business of the major AI company, Nvidia, in China. These concerns hurt the Asian companies that supply parts to Nvidia, causing their stock prices to fall. At the same time, the situation was very good for Nvidia's competitors in China, whose stock prices jumped significantly. This mix of positive and negative news created a lot of uncertainty, leading the overall Asian market to finish the day slightly lower. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS swung between gains and losses, and was last down 0.4%. The Nikkei 225 was last up 0.7%. It was a great day for Nvidia's competitors in China, as their stock prices soared. SMIC saw its stock jump over 9%, while another rival, Cambricon Technologies, saw its stock climb more than 8%. The performance of these two companies was so strong that they single-handedly lifted a major index of Chinese tech stocks (STAR 50 Index) by 5%. There was also a report which stated that local Chinese companies plan to increase AI chip output next year. Bank of Japan official Nakagawa, confirmed that they will continue to raise interest rates as long as the economy grows as they expect. He emphasized that the bank is paying very close attention to a major business confidence survey scheduled for October 1st. The results of this survey will be crucial for understanding how recent trade negotiations have been affecting Japanese companies. European Open - NVIDIA Outlook Eases AI Slowdown Fears On Thursday morning, European stock markets went up, mostly because the major AI chip company, Nvidia, reported strong results, which eased investor worries about the AI industry. However, there is still some uncertainty about Nvidia's future business in China. The pan-European STOXX 600 .STOXX was up 0.3% at 556.53. This news led to mixed results for other European chip companies, as Nvidia's forecast, while still very good, wasn't as spectacular as some investors had hoped. Individual stocks such as ASML and BESI edged lower while ASM international rose around 1%. Overall, it was a positive start to the day for many European businesses, with the food delivery company Delivery Hero and the drinks maker Pernod Ricard seeing their stock prices rise 3.8% and 4% respectively after reporting good earnings. The French stock market also recovered some of its losses from earlier in the week with the CAC 40 index up 0.7%. The losses earlier this week had been caused by political instability in the country. On the FX front, the euro's value remained stable against the US dollar today at about $1.16. This follows a good period for the euro, which has been getting stronger for the last three weeks and is now up 2% for the month of August. Meanwhile, the US dollar was generally weaker against other currencies. This is because most traders now believe that US interest rates will be cut next month. As an example of the dollar's weakness, its value fell 0.2% against the Japanese yen with the pair trading around 147.13 at the time of writing. Currency Power Balance Source: OANDA Labs Oil prices saw a drop with Brent Crude down around 0.8% to trade at $67.49 per barrel. Gold prices continue to hold near yesterday's highs, trading around the $3395/oz handle at the time of writing. For more on Gold, read Gold (XAU/USD) Technical: Push up towards medium-term range resistance zone as Fed’s independence erodes Economic Data Releases and Final Thoughts Looking at the economic calendar, the European session will bring the ECB meeting minutes later in the session. Before that though, we will get a look at Euro Area consumer confidence data which will be interesting after yesterdays disappointing German consumer confidence data yesterday. The US session will however bring a flurry of data which includes jobless claims data and the highly anticipated US GDP QoQ 2nd estimates. The US economic growth (GDP) figure might be adjusted slightly higher than the original 3.0% estimate. Even if this news gives the US dollar a temporary boost, it probably won't last long. Later tonight, a key US Federal Reserve official, Christopher Waller, is scheduled to give a speech. He is already in favor of lowering interest rates, and he might sound even more supportive of that idea after the recent jobs report confirmed his worries that the job market is getting weaker. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Day - FTSE 100 From a technical standpoint, the FTSE 100 has completed the head and shoulder pattern and is eyeing a potential breakout. The period-14 RSI has also broken below the 50 neutral level, a sign that bearish momentum is now firmly in play. If the head and shoulder pattern finally gets a breakout, there is a possibility of a 110 point decline toward the 9120 area which would line up perfectly with the 200-day MA. (yellow line). Interesting inflection point for the FTSE 100 after multiple fresh all-time highs in the last few weeks. This sets the stage for a potential deeper retracement. FTSE Daily Chart, August 27. 2025 Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

This is a follow-up analysis and a timely update of our prior report, “Nasdaq 100 Technical: Potential bullish reversal at 50-day moving average” dated on 21 August 2025, considering the latest second-quarter earnings release of Nvidia, the Artificial Intelligence (AI) juggernaut and largest market-cap component stock of the Nasdaq 100. Since our last publication, the price actions of the US Nasdaq 100 CFD Index (a proxy of the Nasdaq 100 futures) have staged the expected bullish reversal, rallied by 2%, and hit the intermediate resistance zone of 23,580/660 as expected. Thereafter, the US Nasdaq 100 CFD Index has drifted in a sideways range of 1% since this Monday, 25 August, ahead of Nvidia earnings release scheduled after the close of Wednesday, 27 August’s US session. In today’s early Asian session, the Nasdaq 100 futures have shed an intraday loss of -0.2% in reaction to Nvidia’s after-hours share price negative performance of -3.1% after the release of its second-quarter earnings. Despite Nvidia’s lackluster ex-post earnings share price performance, the short to medium-term bullish trend phases of the US Nasdaq 100 CFD Index remain intact. Let’s decipher in greater detail. Nvidia tumbled -3% (after hours), but the bullish trend remains intact Fig. 1: Nvidia revenue by business segments with data centre y/y growth as of Q2 2025 (Source: MacroMicro) Fig. 2: Nvidia minor trend as of 28 Aug 2025 (Source: TradingView) The lacklustre after-hours share price performance of Nvidia has been attributed to its significant Artificial Intelligence (AI)- centric data centre revenue, which came in below expectations at US$41 billion, compared to analysts' expectations of US$41.3 billion. Year-on-year growth in data centre revenue has continued to decelerate, easing from a staggering 155% in Q2 2024 to 56% in Q2 2025. Despite the Q2 slowdown in data centre revenue growth, Nvidia has issued a positive outlook on its data centre business segment during the earnings call. It anticipates a US$3 to $4 trillion AI infrastructure spend by the end of the decade, presenting long-term growth opportunities. Also, Nvidia is on track to achieve over US$20 billion in sovereign AI revenue in 2025. In addition, Nvidia is preparing for the next generation of graphics processing units (GPUs) with the Rubin platform that is expected to ramp up in production in the latter part of 2025. Lastly, based on a technical analysis standpoint, the intra-session drop of -5.3% seen in Nvidia in the after-hours session upon the release of its Q2 earnings has managed to stall at its medium-term ascending channel support in place since 7 April 2025 low, and came close to its 50-day moving average (see Fig. 2). Positive technical indicators, combined with upbeat guidance from Nvidia’s data centre segment, are expected to support its share price, potentially creating a reinforcing effect on the broader Nasdaq 100. Fig. 3: US Nasdaq 100 CFD Index minor trend as of 28 Aug 2025 (Source: TradingView) Preferred trend bias (1-3 days) Maintain bullish bias on the US Nasdaq 100 CFD Index with tightened key short-term pivotal support now at 23,308. A clearance above 23,660 reinforces the new bullish impulsive sequence to retest the current all-time high area at 23,930 before the next intermediate resistance comes in at 24,090 (Fibonacci extension) (see Fig. 3). Key elements The price actions of the US Nasdaq 100 CFD Index have staged a bullish breakout and retested its former minor descending resistance, drawn from its current all-time high level of 23,986, now turns into an intermediate pull-back support at 23,450.The US Nasdaq 100 CFD Index has now traded back above its 20-day moving average.The hourly RSI momentum indicator of the US Nasdaq 100 CFD Index has staged a rebound after a test on its parallel ascending support, which suggests bullish momentum condition remains intact.Alternative trend bias (1 to 3 days) A break below the 23,308 key support negates the bullish tone on the US Nasdaq 100 CFD Index for another round of minor corrective decline to retest the intermediate support at 23,056, with a maximum limit set at the 22,960/22,945 key medium-term pivotal support (also the 50-day moving average). Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

On-chain data from Santiment shows both Bitcoin and Ethereum whale address counts grew in August, signaling steady accumulation. Bitcoin & Ethereum Whales Have Seen Their Counts Go Up Recently In a new post on X, on-chain analytics firm Santiment has revealed how the whale populations have shifted on the Ethereum and Bitcoin blockchains recently. Whales refer to the key stakeholders of a cryptocurrency who hold amounts large enough that they can carry some degree of influence in the market. The exact scale of these investors is defined differently across networks. For BTC, whales are considered to be entities carrying more than 1,000 BTC (equivalent to $112 million at the current exchange rate), while for ETH, the threshold is 10,000 ETH ($46.4 million). Now, here is the chart shared by the analytics firm that shows how the total number of whale-sized wallets has changed on each of these networks over the past few months: As is visible in the above graph, the Bitcoin whales saw their count plummet back in July, implying a notable number of these investors exited from the market near the rally high. In August, the metric has made gradual recovery for the cryptocurrency, with there now being 13 more such wallets compared to the start of the month. While this isn’t anything too big, it does indicate that big-money investors are slowly buying back in. Ethereum has also seen its whale population go up during the same window and the increase has been more dramatic in its case. In total, 48 new whales have joined the blockchain since August began. Given the key position that these investors occupy in the market, the sentiment among them is often worth keeping an eye on. With a buying push occurring from them right now, it would seem that their outlook is bullish, particularly in the case of ETH. In some other news, Bitcoin has witnessed a sharp decline in capital inflows recently, as analyst Willy Woo has explained in an X post. Bitcoin is today seeing around less than $1 billion per day in capital inflows, which is significantly down compared to the earlier peak above $2 billion per day. Interestingly, in the same period as BTC has seen inflows dry up, ETH has observed them pick up instead. This could be an indication that investor interest has been rotating from the former to the latter. Following the uptrend, Ethereum inflows have risen to almost the same level as BTC ones, meaning that a flip could occur soon. BTC Price Bitcoin has seen some recovery from its recent low as its price has climbed back up to $112,500.

Falconedge, a newly established hedge fund advisory firm that emerged from Falcon Investment Management, has revealed a new strategy among publicly traded companies: to allocate nearly all of the proceeds from its upcoming initial public offering (IPO) to building a Bitcoin (BTC) treasury. Bitcoin-Focused IPO Strategy On Wednesday, the firm’s announcement disclosed that Falconedge’s leadership views Bitcoin not merely as a hedge against inflation but as a cornerstone asset for institutional treasury management. By emphasizing Bitcoin as a primary reserve asset, the firm aims to scale its cryptocurrency holdings significantly, thereby enhancing its balance sheet with BTC’s potential and institutional credibility. Roy Kashi, CEO of Falconedge, expressed enthusiasm about the firm’s launch in a press release statement. The executive said: We’re proud to launch Falconedge as a next-generation platform that puts Bitcoin at the heart of institutional treasury strategy. This pre-IPO raise positions us to accelerate growth and deepen our impact in digital asset finance. Flaconedge would join a growing trend of public traded companies adopting similar investment options, mulling Strategy’s (MicroStrategy) approach with years accumulating Bitcoin and so far enjoying billionaire returns. Falconedge Completes Pre-IPO Fundraising The firm disclosed it has completed its pre-IPO fundraising and is gearing up for a public offering in September. Falconedge has indicated that the majority of the IPO proceeds will be allocated to Bitcoin accumulation, further solidifying Falconedge’s vision. Falconedge’s IPO is set to be one of the first to dedicate proceeds primarily to Bitcoin reserves, effectively positioning the firm as a hybrid entity that straddles the line between an advisory firm and a digital asset holding company. USDT stablecoin issuer Circle has also been in the spotlight with its debut on the New York Stock Exchange (NYSE). Its shares, traded under the ticker symbol CRCL, surged over 150% in the first days of its debut, highlighting the interest by investors in crypto-focused IPOs. Despite being newly formed, Falconedge benefits from the significant credibility and expertise inherited from Falcon Investment Management, a top player in United Kingdom-regulated crypto investing. The firm’s legacy includes launching one of the earliest regulated crypto funds in the UK in 2018, managing over $850 million in crypto assets at its peak, and successfully establishing a decentralized finance-focused fund that has performed well. As of this writing, Bitcoin, the market’s leading cryptocurrency, is trading at $112,100 — nearly 10% below its record high of $124,000 earlier this month. This is in line with the broader correction in the market, which has seen digital asset prices retrace to key support levels. Featured image from DALL-E, chart from TradingView.com

XRP has recovered from the recent market pullback and is attempting to confirm the $3.00 level as support. However, an analyst suggested that the cryptocurrency risks a new retest of the range lows before bullish momentum continues. XRP’s Daily Close Key For Momentum XRP has reclaimed a crucial level as support while the crypto market stabilizes from this week’s market downturn. The altcoin has been trading sideways over the past week, hovering between $2.85-$3.10 range. The cryptocurrency retested the range lows, holding the lower boundary as support during the recent market volatility. Now, the price surged 7% from Monday’s lows to the $3.08 area before retracing to the $3.00 mark. On Wednesday, analyst Ali Martinez noted that XRP was rejected from local resistance, around the $3.10 area, for the third time, which could signal a new correction to the range lows similar to the previous attempts. If the altcoin fails to hold the current level as support and loses the mid-range area, its price could drop to $2.83, risking a fall below the local range and a deeper correction. On the contrary, if bullish momentum continues and the cryptocurrency breaks out of the crucial resistance, its price could rally to the August high levels, between $3.20-$3.40. Similarly, analyst Cryptoinsightuk noted that XRP had a positive daily close, adding that the “RSI crossed bullish and even throughout this pullback we’ve seen no change in structure.” Nonetheless, he suggested that the cryptocurrency needs to continue its momentum with a second day of follow-through price actions and trading volume. The market watcher asserted that a daily close above the $3.14 area will set up the stage for a rally to the $3.40 resistance in the coming weeks. Is A 2017-Like Rally Coming? After its July rally to its latest all-time high (ATH) of $3.65, the altcoin has been consolidating within a bullish pennant, with price compressing between the pattern’s resistance and support levels. Analyst GalaxyBTC also noted that XRP has been compressing between two parallel levels, repeating its 2017 playbook. Previously, the cryptocurrency hovered between the previous ATH level and the rally breakout level, which was turned into support. Following a consolidation period, the cryptocurrency broke out of this range and recorded a massive rally to its 2018 ATH. This time, XRP turned the $1.70 area into support last November and has been consolidating between this level and the previous ATH for the past eight months, which could suggest that the rally isn’t over yet. If history repeats, a massive breakout will follow once the altcoin breaks out of the previous ATH resistance and turns it into support. Moreover, the analyst highlighted a key level in XRP’s trading pair against Bitcoin (BTC), explaining that the 0.00003014 area has been a resistance in the XRP/BTC chart over the past six years. While the XRP/BTC pair continues to near this resistance, the market watcher considers that “the timing is perfect, as breaking out will put us well into price discovery on the USD pair.” As of this writing, XRP is trading at $3.02, a 3.3% increase in the weekly timeframe.

Cardano price started a fresh decline from the $0.9650 zone. ADA is now consolidating and facing hurdles near the $0.880 and $0.8980 levels. ADA price started a fresh decline below the $0.920 support zone. The price is trading below $0.90 and the 100-hourly simple moving average. There is a key contracting triangle forming with resistance at $0.8720 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.880 resistance zone. Cardano Price Eyes Upside Break After a steady increase, Cardano faced sellers near $0.9650 and started a downside correction, like Bitcoin and Ethereum. ADA dipped below the $0.920 and $0.900 support levels. The bears even pushed the price below $0.880. A low was formed at $0.830 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the recent decline from the $0.9641 swing high to the $0.830 low. Cardano price is now trading below $0.90 and the 100-hourly simple moving average. There is also a key contracting triangle forming with resistance at $0.8720 on the hourly chart of the ADA/USD pair. On the upside, the price might face resistance near the $0.8720 zone. The first resistance is near $0.880. The next key resistance might be $0.8980 or the 50% Fib retracement level of the recent decline from the $0.9641 swing high to the $0.830 low. If there is a close above the $0.8980 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.9320 region. Any more gains might call for a move toward $0.9650 in the near term. Another Decline In ADA? If Cardano’s price fails to climb above the $0.8980 resistance level, it could start another decline. Immediate support on the downside is near the $0.850 level. The next major support is near the $0.830 level. A downside break below the $0.0.830 level could open the doors for a test of $0.8120. The next major support is near the $0.80 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.8500 and $0.8300. Major Resistance Levels – $0.8800 and $0.8980.

Bitcoin (BTC) remains under pressure after failing to recover momentum following its recent record high above $124,000. At the time of writing, the asset is trading at $112,0474, reflecting a decline of 7.5% in the past two weeks. The latest movements come as analysts examine on-chain metrics to assess whether the current slowdown represents a pause in the ongoing bull cycle or the beginning of a broader correction. One of the key indicators gaining attention is Bitcoin’s active addresses metric. According to PelinayPA, a contributor on CryptoQuant’s QuickTake platform, the number of active addresses has consistently remained high, suggesting that network usage is stable despite the recent price retracement. Active Address Growth Signals Resilient User Base The analyst notes that long-term data shows a strong correlation between address activity and market cycles, with spikes often coinciding with peaks and declines aligning with bear markets. PelinayPA outlined how active addresses have historically tracked Bitcoin’s broader price behavior. From 2010 through 2016, addresses expanded steadily as Bitcoin’s adoption grew. The 2017 bull run brought a sharp increase, while the 2018–2019 downturn saw a decline in both addresses and price. The most recent cycle again highlighted the relationship, with addresses surging alongside Bitcoin’s run to new highs in 2020–2021 before dropping in 2022 during the market correction. Since 2023, however, activity has stabilized, with daily active addresses consistently ranging between 900,000 and 1 million. As of now, approximately 919,000 addresses are active, reflecting sustained network use. PelinayPA emphasized that while addresses alone are not a perfect price predictor, consistently elevated activity provides long-term support for Bitcoin’s valuation. If addresses maintain levels above 1 million, it could underpin the case for further gains, with potential targets in the $150,000–$200,000 range. Conversely, a sharp decline in address activity would signal reduced demand and raise the likelihood of a reversal toward the $80,000–$90,000 range. Bitcoin Exchange Inflows Reach Multi-Year Lows In addition to user activity, exchange inflows offer another perspective on current market conditions. CryptoOnchain, another CryptoQuant analyst, highlighted that Bitcoin’s 30-day moving average of inflows has dropped to its lowest level since May 2023. Historically, low exchange inflows suggest reduced selling pressure, as fewer coins are being moved to trading platforms for liquidation. This trend is particularly notable on major exchanges such as Coinbase and Binance. On Coinbase, a platform often associated with US and institutional investors, inflows have significantly decreased, pointing to diminished selling activity from large holders. A similar pattern is visible on Binance, which continues to host the highest global trading volumes. According to CryptoOnchain, the combination of lower inflows and rising price levels may indicate an environment where available supply is constrained, creating conditions that could support higher valuations in the mid-term. Featured image created with DALL-E, Chart from TradingView

XRP price is holding above $2.920 support zone. The price is now consolidating and might soon attempt a move above the $3.050 resistance. XRP price is showing bearish signs below the $3.080 resistance. The price is now trading near $2.980 and the 100-hourly Simple Moving Average. There was a break below a key contracting triangle with support at $3.020 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to decline if it stays below the $3.10 zone. XRP Price Starts Consolidation XRP price started a downside correction from $3.0850, like Bitcoin and Ethereum. The price traded below the $3.050 and $3.000 levels. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.824 swing low to the $3.080 high. Besides, there was a break below a key contracting triangle with support at $3.020 on the hourly chart of the XRP/USD pair. However, the price found support near the $2.950 zone. It seems like the bulls are protecting the 50% Fib retracement level of the upward move from the $2.824 swing low to the $3.080 high. The price is now trading near $2.980 and the 100-hourly Simple Moving Average. If the bulls remain in action, the price could attempt another increase. On the upside, the price might face resistance near the $3.020 level. The first major resistance is near the $3.080 level. A clear move above the $3.080 resistance might send the price toward the $3.120 resistance. Any more gains might send the price toward the $3.150 resistance. The next major hurdle for the bulls might be near $3.20. Another Decline? If XRP fails to clear the $3.080 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.950 level. The next major support is near the $2.9220 level. If there is a downside break and a close below the $2.9220 level, the price might continue to decline toward $2.840. The next major support sits near the $2.780 zone, below which the price could gain bearish momentum. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.920 and $2.840. Major Resistance Levels – $3.080 and $3.120.

World Liberty Financial, a decentralized finance (DeFi) platform with backing from President Donald Trump and his family, is poised to launch its native token, WLFI, on September 1. Expert Predicts $1 Price Target As WLFI prepares to launch, the token will be available for trading on major platforms. Binance, the world’s largest cryptocurrency exchange by trading volume, already offers WLFI futures, which currently price the token at $0.2656, according to Binance’s futures data. The World Liberty Financial presale structure indicates that 20% of the tokens will be liquid, while the remaining 80% will be vested, providing a layered approach to distribution that could mitigate volatility in the early days of trading. Market expert Virtual Bacon recently shared an analysis on the social media platform X (formerly Twitter), setting an ambitious price target of $1 for WLFI, which translates to a projected fully diluted valuation (FDV) of $100 billion. This could potentially represent a massive 276% from current levels in the futures market if Virtual Bacon’s projections hold true. Furthermore, WLFI would skyrocket to be one of the market’s top performers above established cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). This prediction highlights the potential market impact of World Liberty Financial, especially in light of the hype surrounding Trump’s official memecoin, TRUMP, which peaked at a fully diluted valuation of $73 billion 24 hours after its debut. Institutional Interest Surges For World Liberty Financial In contrast to the TRUMP memecoin launched earlier this year, the expert asserts that WLFI is positioned as a legitimate financial instrument, tied to the DeFi platform’s USD1 stablecoin and to US Treasuries. The expert believes that with Trump in office, the World Liberty Financial token carries a sense of credibility and utility that could attract institutional interest therefore boost its demand and price. The recently passed GENIUS Act for stablecoins and signed by President Trump could further increase the platform’s dollar-pegged cryptocurrency and its adoption and contribute to the platform’s overall bullish sentiment. Notably, significant investments have already been made by entities such as venture capital firms DWF Labs, which contributed $25 million at a price of $0.10 per token, and Aqua One Fund, which invested $100 million at $0.125. Additionally, the Nasdaq-listed fintech company ALT5 Sigma has committed $1.5 billion at a price of $0.20 to create the token’s first crypto treasury, similar to how publicly traded companies invest in cryptocurrencies like Bitcoin. Virtual Bacon concludes by highlighting the launch of World Liberty’s official coin, coupled with institutional backing and a stablecoin aspect linked to crypto treasuries, positions WLFI as one of the most significant token events of the current financial cycle. Featured image from DALL-E, chart from TradingView.com

Ethereum price started a fresh decline from the $4,630 zone. ETH is now showing bearish signs and might decline further below $4,460. Ethereum is struggling to settle above the $4,630 zone. The price is trading below $4,580 and the 100-hourly Simple Moving Average. There was a break below a rising channel with support at $4,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase unless there is a close below $4,460 in the near term. Ethereum Price Faces Hurdles Ethereum price started a downside correction and tested the $4,310 zone, like Bitcoin. ETH price found support and recently started a fresh increase. There was a move above the $4,400 and $4,420 levels. The price cleared the 23.6% Fib retracement level of the key decline from the $4,956 swing high to the $4,310 low. However, the bears were active near the $4,630 resistance zone. The 50% Fib retracement level of the key decline from the $4,956 swing high to the $4,310 low is acting as a hurdle. Recently, there was a break below a rising channel with support at $4,600 on the hourly chart of ETH/USD. Ethereum price is now trading below $4,580 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,580 level. The next key resistance is near the $4,630 level. The first major resistance is near the $4,710 level. A clear move above the $4,710 resistance might send the price toward the $4,820 resistance. An upside break above the $4,820 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,880 resistance zone or even $5,000 in the near term. More Losses In ETH? If Ethereum fails to clear the $4,630 resistance, it could continue to move down. Initial support on the downside is near the $4,460 level. The first major support sits near the $4,420 zone. A clear move below the $4,420 support might push the price toward the $4,310 support. Any more losses might send the price toward the $4,240 support level in the near term. The next key support sits at $4,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,460 Major Resistance Level – $4,630

Anthropic has released a new report that sheds light on a troubling trend. Criminals used its AI system, Claude, to carry out high-level cybercrime, making it not just a tool but the brains behind the operation. They’ve coined the term “vibe hacking” to describe attacks led entirely by AI agents. These weren’t small targets either. Hospitals, emergency services, religious organizations, and even governments were hit. Some ransom demands climbed past half a million dollars. AI Goes From Consultant to Culprit What makes this so alarming is that Claude wasn’t acting as a sidekick. It was running the show. The AI picked targets, identified weak points, calculated the potential financial gain, and even wrote the extortion emails. According to Anthropic’s own researchers, this was the most advanced example of an AI system independently conducting a cyberattack they’ve seen so far. Romance Scams and Fake Job Offers Join the Trend Extortion wasn’t the only crime Claude got dragged into. One criminal network used the AI to help North Korean job seekers fake their way into high-paying U.S. tech jobs. The AI trained them to pass interviews and look the part. The pay from those jobs was reportedly funneled back to the state. Meanwhile, Telegram bots paired with Claude were helping scammers run romance schemes. A user could upload a photo and ask how to flatter the person in it, and the AI would spin up emotionally charged messages designed to build trust and eventually steal. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Bitcoin Becomes the Invisible Hand Crypto sat quietly behind the curtain. Criminals monetized most of these crimes through Bitcoin, using a fast, hard-to-trace payment method. It’s not surprising that criminals gravitated toward it. No banks, no middlemen, and very little friction for moving large sums across borders. BitcoinPriceMarket CapBTC$2.21T24h7d30d1yAll time Anthropic Steps Up With New Protections To its credit, Anthropic didn’t downplay the situation. It has already banned the accounts involved, upgraded its detection tools, and looped in law enforcement and intelligence agencies. But even they admit that clever criminals keep finding ways around the barriers. DISCOVER: 20+ Next Crypto to Explode in 2025 Wider Trends Show Deeper Trouble This is what happens when any advanced AI system can act autonomously. If one tool can be turned into a cybercrime mastermind, others are probably not far behind. That has big implications for how AI models are built, secured, and monitored moving forward. What This Means for Cybersecurity in 2025 Cybercrime now includes autonomous systems that can be prompted once and left to run. That raises the stakes. Defenders need to think faster, act quicker, and treat every AI system as both a tool and a potential threat. The line between innovation and exploitation just got a lot thinner. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways “Vibe hacking” describes cyberattacks fully planned and executed by AI agents, with Claude at the center of real-world crimes. Targets included hospitals, governments, and emergency services, with ransom demands reaching over $500,000 in some cases. North Koreans used Claude in job fraud to land U.S. tech jobs, and scammers used it to manipulate victims emotionally in romance scams. Bitcoin was the payment method of choice for criminals, offering fast and hard-to-trace transfers without involving traditional banks. Anthropic responded by banning accounts, adding new protections, and alerting authorities, but the threat of autonomous AI in cybercrime continues to grow. The post Vibe Hacking: AI-Led Cyberattacks Hit $500K in Ransom Demands appeared first on 99Bitcoins.

Bitcoin continues to face challenges sustaining its momentum after retreating from its recent all-time high above $124,000. At the time of writing, the asset trades around $111,090, reflecting a 10.5% decline from its peak and a 4.2% drop over the past week. The pullback highlights growing uncertainty among traders as buying pressure weakens, even while some on-chain indicators suggest potential accumulation. One such signal comes from Binance, the world’s largest cryptocurrency exchange by trading volume. Analyst Crazzyblockk, a contributor to CryptoQuant’s QuickTake platform, examined a metric called the Binance Buying Power Ratio. According to the analyst, this ratio, measuring the inflow of stablecoins relative to Bitcoin outflows from Binance, has recently climbed sharply, moving into positive territory. The implication is that traders are sending stablecoins into the exchange (potential buying power) while withdrawing Bitcoin, likely for long-term storage. Binance Buying Power Ratio Signals Accumulation Crazzyblockk explained that this pattern points to a buildup of liquidity while simultaneously reducing the Bitcoin supply available for sale on Binance. In his words: Stablecoins in, BTC out. This combination of accumulating ‘dry powder’ and securing assets off-exchange is a classic sign of a market preparing for a bullish move. The surge in buying power ratio coincides with Bitcoin’s current consolidation phase, suggesting that some traders may be preparing for a rebound. Historically, an increase in stablecoin inflows has often preceded heightened trading activity, with many market participants using these reserves to enter positions once favorable conditions emerge. At the same time, large Bitcoin outflows from exchanges can reflect a broader trend of long-term holding behavior. Investors who transfer coins to private or institutional-grade wallets often intend to store them securely, limiting immediate selling pressure. If sustained, this dual trend of stablecoin accumulation and Bitcoin withdrawals could support the market by reducing available supply and preparing liquidity for upward moves. Bitcoin Short-Term Holders Show Signs of Weakness While Binance metrics suggest optimism, another CryptoQuant analyst, Darkfost, highlighted a more cautious indicator: the Spent Output Profit Ratio (SOPR) for short-term holders (STHs). This metric measures whether coins moved on-chain are being sold at a profit or loss. Darkfost noted that the STH SOPR has now fallen below 1, with its monthly average sitting at the neutral point. In practical terms, this means that many recent buyers are no longer selling at a profit, and some are even taking losses. He wrote: Historically, when STH SOPR reaches this level, two scenarios are common. Either the market rebounds quickly, or short-term holders panic, leading to further losses. During this cycle, the second scenario has often played out—though these periods have consistently created opportunities for medium- to long-term investors. The comparison to late 2021, when Bitcoin last peaked at $69,000 before entering a prolonged correction, shows the weight of this signal. A persistent decline in SOPR could indicate rising pressure from traders seeking to exit, even as long-term holders demonstrate greater conviction. Featured image created with DALL-E, Chart from TradingView

Google Cloud has quietly introduced its own Layer 1 blockchain called the Google Cloud Universal Ledger, or GCUL. It’s aimed at solving real problems in cross-border payments, asset tokenization, and financial automation. Unlike one-off blockchain experiments, GCUL is being built using Google’s existing infrastructure and has already been tested in real-world scenarios. Built to Be Used by Everyone One of the big ideas behind GCUL is neutrality. Rich Widmann, who leads Web3 strategy at Google, pointed out something most people in finance already know. Companies don’t want to build on platforms that are tied to their competitors. A firm like Stripe probably won’t want to use Circle’s chain. GCUL is trying to avoid that kind of problem by positioning itself as a neutral option. Any company can safely and practically build on the platform without worrying about other participants. Developers Won’t Need to Start From Scratch GCUL uses Python for its smart contracts, which is a smart move. A lot of traditional finance developers already use Python for analytics and automation, so this makes it easier to plug into the system without needing to learn new blockchain coding languages. It lowers the barrier to entry and speeds things up. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in August2025 Compliance and Integration Are Baked In GCUL operates as a permissioned network, designed for specific users. It also includes compliance tools like KYC checks and fraud detection, using Google’s existing AI systems. On top of that, the network works with a simple API and offers stable monthly billing. That’s a huge difference compared to public chains, where gas fees can jump around without warning. Test users say the setup makes it easier to move money across borders and keep things running smoothly. BitcoinPriceMarket CapBTC$2.21T24h7d30d1yAll time Early Results Look Promising CME Group has already tested GCUL. Their trial focused on tokenized payments and wholesale settlements. Early results pointed to lower costs, faster clearing times, and a smoother experience overall. More testing is on the way, with a full launch expected in 2026. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Google’s Long-Term Play GCUL is trying to take on both legacy players like SWIFT and newer projects like Circle’s Arc or Stripe’s Tempo. Those systems often serve their own ecosystems. GCUL wants to be open to everyone. The pitch presents it as a new infrastructure layer that lets financial institutions rely on without getting locked into a single vendor’s system. Still Some Open Questions Not everyone’s convinced. Google runs GCUL, which raises concerns about centralization. Google says it plans to bring in other companies to run nodes eventually. People have floated names like Amazon and Microsoft, but nothing’s confirmed. Until then, some will question how neutral it really is. A Quiet but Serious Move GCUL doesn’t come with loud hype or flashy promises, but it’s a serious step in a new direction. It mixes cloud infrastructure with developer-friendly tools, compliance features, and support from major institutions. Whether it takes off will depend on adoption, but the shift from speculation to infrastructure is clearly underway. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Google Cloud is building its own Layer 1 blockchain called GCUL, focused on cross-border payments, asset tokenization, and automation. GCUL serves a neutral platform, offering an alternative to chains tied to competing ecosystems. Developers write smart contracts on GCUL in Python, making adoption easier for those in traditional finance. The network includes built-in compliance tools, a stable billing model, and simple APIs, offering enterprise-level convenience. CME Group tested GCUL with positive results and expects a full launch in 2026. The post Google Cloud Builds a Neutral Layer 1 Blockchain Called GCUL appeared first on 99Bitcoins.

BNB Price has made a new All-Time High way back in 2024 and is still holding strong. It is one of the large caps that not many people are talking about. As if it is moving in stealth mode, making multiple new ATHs this year. What does this silence mean? The current silence on Crypto Twitter is intriguing. Are people still trying to accumulate? The whole BNB community seems to be on hold and waiting to be unleashed. BNB price recently reached the $900 mark and is getting close to the target from the May analysis. Binance CoinPriceMarket CapBNB$125.81B24h7d30d1yAll time DISCOVER: Top 20 Crypto to Buy in 2025 BNB Price Analysis: The Silent ATH Maker BNB actually is the first L1 runner of this alt-season with a decisive close above its previous ATH, beating ETH and by a year! Check out both charts next to each other. ETH is on the left, and BNB is on the right-hand side. Now, it is uncertain if BNB will continue outperforming ETH, even though it was the earlier runner. But it is one possible scenario to be remain open to. Let’s move on to analysing the BNB chart. (BNBUSD) Let’s start with the weekly timeframe. The Diamond formation highlighted in the May article has played out as a continuation pattern—an uncommon outcome. RSI is still not in the overbought area and currently sits at the same level it did in early 2024 pre-pump. Will we witness another huge run-up? DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 (BNBUSD) Moving on to the daily chart, we see the start of a bullish structure, characterized by two higher highs and one higher low. Considering the hidden bearish divergence in RSI, some retrace is to be expected. Let’s zoom in a little more. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now (BNBUSD) Now, looking at the 4H timeframe, two possible bullish scenarios are outlined. The first one is going straight up and making new ATHs. The second one involves a pullback, with the possibility of milking the market with a short upon a retest of the order block. The target would be the liquidity zone formed between the 2022 and 2024 ATHs. BNB is likely to eventually enter the history books of 4-digit valued coins. The only question is: when? Join The 99Bitcoins News Discord Here For The Latest Market Update BNB Price Analysis: A Technical Look at Binance Coin's Next Move Rare 1W Diamond continuation and new ATH way back in 2024 – first mover RSI on 1D shows a hidden bearish divergence – caution for bulls Potential liquidity zone between 2022 and 2024 ATHs Possible short setup, if price behaves like orange path The post BNB Price Analysis: A Technical Look at Binance Coin’s Next Move appeared first on 99Bitcoins.

Bitcoin price is showing bearish signs below $113,000. BTC is struggling to recover and might start another decline below the $110,500 zone. Bitcoin started a recovery wave from the $108,750 zone. The price is trading below $112,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $111,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $113,000 resistance zone. Bitcoin Price Attempts Fresh Increase Bitcoin price extended losses after close below the $112,000 level. BTC gained bearish momentum and traded below the $111,500 support zone. There was a move below the $110,500 support zone and the 100 hourly Simple moving average. The pair tested the $108,750 zone. A low was formed at $108,734 and the price recently started a recovery wave. There was a move above the $112,000 level. The price surpassed the 23.6% Fib retracement level of the key drop from the $117,354 swing high to the $110,734 low. Besides, there was a break above a key bearish trend line with resistance at $111,350 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $112,500 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $112,500 level. The first key resistance is near the $113,000 level or the 50% Fib retracement level of the key drop from the $117,354 swing high to the $110,734 low. The next resistance could be $114,000. A close above the $114,000 resistance might send the price further higher. In the stated case, the price could rise and test the $115,000 resistance level. Any more gains might send the price toward the $115,500 level. The main target could be $116,500. Another Decline In BTC? If Bitcoin fails to rise above the $113,000 resistance zone, it could start a fresh decline. Immediate support is near the $110,600 level. The first major support is near the $109,500 level. The next support is now near the $108,750 zone. Any more losses might send the price toward the $107,100 support in the near term. The main support sits at $105,500, below which BTC might accelerate lower. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $110,600, followed by $109,500. Major Resistance Levels – $112,500 and $113,000.

Pi’s open source progress has climbed to 90%. According to reports, the project is being pushed toward a public code release that many in the community expect by September 2025. That figure has raised hopes that outside developers will soon be able to inspect and build on parts of the system. Coinbase Listing Claims Surface According to posts on X, a 2021 Pi Network Hackathon winner called Pi Barter Mall suggested a Coinbase listing could be in the offing. The comment touched off fresh debate among users who have been watching for the Pi coin to reach major global exchanges. Coinbase’s CLO, Paul Grewal, posted a Pi Day image back in March that showed purple pies with the Pi logo. It was not a formal announcement. But it did rekindle rumors and talk across social channels. Analysts say a listing on a large exchange could boost liquidity and public visibility for Pi Coin. Developer Access Increasing, Core Protocol Still Closed Based on reports, PiOS — the project’s open-source layer — is being opened up to developers while the blockchain’s core protocol remains closed for now. Access to PiOS has been used to run new hackathons. One such event aims to get apps working with Pi in everyday transactions. Community moderators have suggested the open-source move could arrive before the end of the year, though the Pi Core Team has not confirmed specific dates. Questions that have long lingered about code transparency are expected to be addressed once more of the code is public. Binance And Swapfone Developments Screenshots have circulated showing Binance Connect and Binance P2P support options appearing inside the Pi Wallet’s Help & Support menu. That detail prompted discussion about a potential Binance integration, but users also pointed to hurdles that have slowed any listing. A lack of clear utility and concerns over decentralization were cited as reasons for delays. Meanwhile, practical steps have been taken elsewhere: Pi Coin secured a listing on Swapfone, a US-regulated, mobile-focused exchange, which launched a PI/USDS trading pair in July. Small Steps Toward Broader Exposure The Swapfone listing was described by some community members as Pi’s first meaningful move into the US trading scene. It is small in scale when compared with top global exchanges, but it is a footprint on American rails. Market watchers say listed trading pairs like PI/USDS can help price discovery, even if volumes remain modest at first. The overall picture is a mix of incremental progress and open questions. Featured image from Unsplash, chart from TradingView

Cardano (ADA) continues to hold firm at the $0.85 support level, despite recent volatility and mixed technical signals. The altcoin has been consolidating within a tight range, with traders closely watching the $0.95 resistance zone. A breakout above this level could pave the way for ADA to retest $1, while failure to maintain support risks a deeper pullback toward $0.80. Over the past week, ADA’s price has hovered between $0.82 and $0.87, reflecting cautious market sentiment. Technical indicators remain split: the RSI sits at a neutral 52, leaving room for upward momentum, but the MACD shows bearish divergence, hinting at potential weakness. Analysts believe the next few trading sessions will determine whether ADA breaks higher or faces renewed selling pressure. Analysts Split on ADA Price Outlook Market experts are offering conflicting outlooks on ADA’s near-term trajectory. Some forecasts a short-term move toward $0.95, while others projects a more ambitious rally to $1.05–$1.10 by the end of August, provided volume increases. On the other hand, bearish predictions warn of a potential slide to $0.50 if Cardano fails to defend its key support levels. Institutional interest also remains a factor. The U.S. Securities and Exchange Commission (SEC) recently postponed its decision on Grayscale’s Cardano ETF until October 26, adding regulatory uncertainty. Analysts argue that while an ETF approval could fuel institutional inflows, delays may weigh on investor confidence in the short term. Could a September Rate Cut Ignite a Cardano Rally Toward $3? Macroeconomic catalysts could play a decisive role in ADA’s next move. Speculation is mounting that the U.S. Federal Reserve will cut interest rates in September. Historically, rate cuts have provided a boost to risk assets, including cryptocurrencies. Market reports suggest a potential Fed rate cut could help ADA reclaim the $1 mark and even fuel a rally toward $3, echoing its explosive 2020 run. With Cardano already up 4% in August, a favorable macro shift may accelerate bullish momentum. If bulls defend the $0.85 support and break past $0.95 resistance, the path toward $1 and beyond could open. However, a failure to hold support risks a drop below $0.80, leaving traders on edge as September’s rate decision approaches. Cover image from ChatGPT, ADAUSD chart from Tradingview

Standard Chartered’s digital assets research chief says Ethereum still has room to rise, even after recent swings in price. According to Geoffrey Kendrick, growing institutional demand and shrinking exchange liquidity are tightening supply and could push Ether higher toward his year-end target of $7,500. Institutional Demand Up Reports have disclosed that corporate digital asset treasury firms have bought about 2.5% of circulating ETH since June. Spot ETH exchange-traded funds added close to 5% over the same period. Based on those figures, roughly 7.5% of supply has been drawn into corporate treasuries and ETFs since June, a large shift in a relatively short time. Kendrick expects these firms could eventually hold up to 10% of all circulating Ether, a projection that underpins his bullish view. Exchange Outflows And Price Moves Exchange-balance trackers show a substantial movement of coins off trading platforms. In a single day, over 74,000 ETH — roughly $340 million at recent prices — was withdrawn from exchanges, led by Binance. Such outflows are often read as a sign of reduced near-term selling pressure. Ethereum did slip about 5% on Tuesday before bouncing back. According to CoinMarketCap, it trades near $4,618, marking a 4.6% gain in the last 24 hours and a weekly rise of 10%. Resistance Levels To Watch Traders are watching short-term barriers around $4,600. A clear move above that level could open $4,700, with $4,800 the next checkpoint before the prior high. The asset briefly hit an all-time high of $4,950 on August 24. Kendrick’s forecast of $7,500 by year-end implies a roughly 60% climb from current prices, a scenario that would require continued strong flows and calm macro conditions. Corporate Moves Versus Market Supply Reports point to firms such as SharpLink Gaming and Bitmine Immersion being valued in relation to their ETH exposure. Kendrick compared these companies to Strategy’s approach with Bitcoin, arguing some are priced below what he considers fair value. SharpLink has announced a share repurchase program that would trigger if its metric net asset value falls below 1.0, a move that could set a price floor for the stock. That corporate behavior, while supportive for those equities, is not identical to permanent removal of ETH from circulation the way staking or ETF custody can be. The bullish picture rests on a few big assumptions. Macro shocks, quick shifts in investor sentiment, or regulatory moves could reverse flows fast. Crowded positions can be created when many buyers chase the same theme, and those positions can amplify volatility if sentiment changes. Featured image from Unsplash, chart from TradingView