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Ethereum is undergoing a correction after weeks of strong momentum, but institutional adoption is quietly reshaping the market’s long-term dynamics. According to CryptoQuant, the popular “Crypto Treasury Strategy,” long associated with Bitcoin, has now entered the Ethereum ecosystem. Over 16 companies have already adopted this approach, collectively holding 2,455,943 ETH worth nearly $11.0 billion. This significant allocation has effectively locked away a sizable portion of ETH, reducing available supply on the open market. The treasury movement mirrors Bitcoin’s playbook, where corporations strategically accumulated BTC as a reserve asset. However, Ethereum presents important differences. Unlike Bitcoin’s hard-capped supply of 21 million, ETH has no fixed maximum. Instead, its supply dynamics are shaped by network activity and the burn mechanism introduced with EIP-1559. While these mechanics can create deflationary periods, Ethereum’s total supply still increased by about 1 million ETH (~0.9%) over the last year. This duality presents both opportunity and risk. On one hand, institutional holdings reduce liquid supply and reinforce Ethereum’s role as a strategic asset. On the other hand, variable issuance means that during periods of low network activity, supply growth could accelerate, diluting scarcity effects. As Ethereum tests key demand levels, the treasury strategy may prove pivotal in shaping its next major trend. Ethereum: Treasury Concentration And Leverage Risks According to CryptoQuant’s analysis, Ethereum’s recent treasury adoption trend carries both opportunities and risks. On one hand, institutional treasuries have locked away billions in ETH, reducing available supply on the market. However, the structure of these holdings also presents concentration risks. For example, BitMine Immersion Technologies, which has openly stated its goal of controlling 5% of all ETH, currently holds just 0.7%. The next largest holder, SharpLink Gaming, manages only 0.6%. This means treasury adoption is still concentrated among a few players. If one or two large holders were to offload their reserves, the market could face sharp price shocks. Beyond spot accumulation, leverage is another growing factor. CryptoQuant highlights that ETH futures open interest has climbed to around $38 billion. This level of leverage means that large swings in price can trigger cascading liquidations. In crypto markets, leverage is synonymous with volatility. The fragility of this setup was evident on August 14, when a wipeout of just $2 billion in open interest led to $290 million in forced liquidations and a 7% drop in ETH’s price. This event underlines how quickly things can spiral when liquidity is thin and leverage is high. Spot selling alone isn’t driving volatility—leveraged positions magnify every move. In this context, Ethereum’s treasury adoption may secure long-term demand, but concentrated holdings and growing leverage remain key vulnerabilities. ETH Testing Critical Liquidity Levels Ethereum’s price action on the 3-day chart shows that after rallying to a local high near $4,790, ETH entered a correction phase but remains well above key moving averages. Currently trading around $4,227, the price has retraced from its peak but is still holding the broader bullish structure. The 50-day SMA ($2,687), 100-day SMA ($2,838), and 200-day SMA ($2,912) are all trending upward, reflecting strong underlying momentum. Importantly, ETH is trading significantly above these long-term averages, confirming that the bullish trend remains intact despite the pullback. The strong bounce from below $3,000 earlier in the summer marked a decisive reversal after months of consolidation, setting the foundation for the latest breakout. If bulls manage to hold the $4,200–$4,100 support zone, ETH could retest resistance near $4,790 and potentially move into price discovery. Conversely, failure to maintain this level could see a retest of the $3,800–$3,600 range. The coming sessions will be critical in confirming whether Ethereum resumes its uptrend or enters a deeper correction. Featured image from Dall-E, chart from TradingView

Log in to our mid-week North American Markets overview where we look at the NA Indices and currencies. This week has started on a decent geopolitical background: The war in Ukraine might be getting closer to a truce. Indeed, the US regained some strength and credibility on the diplomatic front after successively hosting Russia’s Putin, the Ukrainian President Zelenskyy, and a coalition of EU leaders on the same day. Donald Trump sent some contradicting diplomatic messages at the beginning of his mandate, but looking back, it seems that the publisher of “The Art of the Deal” had more in mind: The US President keeps surprising public opinion despite still making headlines on some controversies. However, the ongoing geopolitical progress has also been followed by some huge profit-taking in US Equities, particularly in the Tech sector. (This has also been seen in the well-performing Metals and Cryptocurrencies, but these are not the subject of today’s mid-week review.) We will look at the strength of North American currencies making a short-term comeback and how NA Indices have suffered from the ongoing profit-taking. With the ISM Services PMIs approaching fast, Markets will get further information on US data: The scary PPI data from last Thursday took some confidence from Markets, as participants started to believe that tariffs wouldn’t impact the data at all. Tuesday, August 12th’s CPI data created a feeling of complacency in the market, but all of this is being taken back. Read More: Nasdaq leads downside as US indices continue to slideNorth-American Indices Performance North American Top Indices performance since last Monday – August 20, 2025 – Source: TradingView Most indices and assets are unchanged except for the huge rebalancing seen from the Nasdaq towards the Dow Jones. You can access our latest Dow Analysis on that aspect right here. Dollar Index 8H Chart US Dollar Index 8H Chart, August 20, 2025 – Source: TradingView An invitation to check our latest analysis of the Dollar Index, currently consolidating and slowly grinding above the 98.00 handle. Read More: The US Dollar (DXY) pauses at 98.00 as markets await clarityUS Dollar Mid-Week Performance vs Majors USD vs other Majors, August 20, 2025 - Source: TradingView. Since last Monday, FX currencies have been very volatile, a normal phenomenon when we look back at all the major data that was released (particularly for the US) – This has led to some particular weakness in antipodean currencies (AUD and NZD). This follows a trend of the year with both Pacific currencies struggling a bit against their counterparts as their export-oriented economies tend to get hurt a bit more by tariffs. The US Dollar is also back to some decent performance since the beginning of the week. Only the CHF is up against the Dollar since Monday. The NZD is still the biggest lagger against the USD – You can access our latest analysis of the New Zealand Dollar against the Greenback right here. CAD Mid-Week Performance vs Majors CAD vs other Majors, August 6, 2025 - Source: TradingView. The Loonie is still struggling against most majors, appreciating only against the even weaker antipodean currencies. Canadian Dollar traders are still looking for good reasons to buy the CAD amid still weak Canadian data. Intraday Technical Levels for the USD/CAD USDCAD 4H Chart, August 20, 2025 – Source: TradingView The USD caught some decent momentum against its neighbour yet again, coming right back to its August 1st highs. Reactions here will be key to monitor, but with the momentum accumulated, there is a decent probability that Markets push the pair higher. If they fail to do so, the reversal should be pretty strong as that would imply the formation of a double top. Levels to place on your charts: Resistance Levels: Immediate resistance at Aug Highs (1.3870)1.3950 psychological level and Key pivotMay Highs 1.40185Support Levels: 1.38 Major resistance turned Pivot1.3740 Previous pivot turned SupportSupport Zone 1.3675 to 1.3686US and Canada Economic Calendar for the Rest of the Week US and Canadian Data for the rest of the week, MarketPulse Economic Calendar FED's Waller recently concluded his speech with no comments on the Economic outlook, so nothing really new – A reminder that he is trying to become the new FED Chair for Powell's replacement approaching in May 2026. You can access his key remarks right here. The FOMC Minutes are about to get released and are typically a non-event, but still, be cautious for any particular switch in Stance. Don't forget tomorrow's PMI data for the US releasing at 9:45 A.M. CAD traders will need to focus on the Retail Sales data at 8:30 on Friday. For the rest, the key Jackson Hole Symposium is about to begin, and with the much-anticipated Powell speech on Friday at 10:00 A.M. ET, traders are bracing strongly: Except for the struggling NZD, FX movement relatively subdued. 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.

Bitcoin’s core promise of decentralization is facing a major test. Two pools now control a majority share of the network’s hashrate. This level of concentration challenges the very foundation of Bitcoin’s decentralized ethos. In an X post, Jacob King, the CEO of WhaleWire, stated that two mining pools now control more than 51% of the Bitcoin network’s computing power. He warns that the stage is set for a potential 51% attack, which could completely undermine the BTC security model and trigger catastrophic fallout across the crypto ecosystem. What This Means For Bitcoin’s Future Stability For context, the last time this occurred was in 2014 with mining pool GHash.io. The backlash was swift, while community panic spread, developers sounded alarms, and GHash was forced to voluntarily reduce its hashrate. Still, the damage was done, and BTC plunged over 87% in the months that followed, entering one of its deepest bear markets. Related Reading: Bitcoin Jackpot: Solo Bitcoin Miner Nets $360,000 To Beat 1 In 800 Odds Furthermore, GHash faced relentless DDoS attacks, intense scrutiny from maxis, and eventually shut down in 2015. King argues that history is repeating itself. While the firm tried to cover up centralization risks, the truth is back in plain sight. According to King, this brewing crisis could be the pin that pops what he calls BTC’s mega-bubble. OTC data shows that many large whales are already rotating out of BTC and preparing for an exit ahead of potential chaos. In his opinion, even Michael Saylor, long hailed as a BTC guru by maximalists, appears to be shifting his stance. King claims that Saylor has quietly prepared a strategy to dilute and dump his holdings and abandon his earlier promises of long-term conviction, as he knows exactly what’s coming. He also noted that the entire market structure rests on three fragile pillars: the fraudulent stablecoin inflows, retail-driven FOMO, and carefully engineered narratives pushed by the maxi cartel. Once reality pierces through these illusions and centralization risks are fully acknowledged, the collapse will be faster and more brutal than ever. BTC Price Action Fiege_max shared a bold assessment that there was an 85% chance that BTC had already peaked at $123,000. Currently, the analyst is increasingly confident that the top for BTC is indeed achieved. While BTC has had an incredible year of relentless uptrend, which is quite different from 2021, there was never truly a full-fledged altseason. However, the market still offered plenty of opportunities along the way. The analyst warned that traders should prepare for their exit and not let greed dictate their decisions, as the easy mode is behind us, and the market is entering a long period of hard mode. Fiege_max clarifies that this does not mean the market is finished or that prices will collapse in a straight line. Instead, he urges realistic targets. He frames his commentary as a matter of perspective and objectivity on his viewpoint as a trader, and hopes it pushes the idea that the market is drawing to a close.

Gold edged higher on Wednesday as investors await the minutes of the US Federal Reserve’s last policy meeting and upcoming Jackson Hole symposium for clues on future interest rate moves. Spot gold advanced 0.8% to $3,341.56 per ounce by 11:40 a.m. ET to erase most of this week’s losses. US gold futures also gained 0.8%, trading at $3,385.20 an ounce in New York. Click on chart for live prices. Gold surged above the $3,400 level earlier this month after the US central bank decided to hold interest rates steady in July, increasing the odds of a rate cut in September instead. Since then, the metal has gradually pulled back as mixed US economic data came out. All eyes this week are on the Fed’s July meeting minutes, which are due later this afternoon, followed by Chair Jerome Powell’s speech at the annual Jackson Hole economic symposium on Friday. “Gold prices fell yesterday, so now traders are looking at it as an opportunity to get into gold ahead of the Fed minutes,” said RJO Futures market strategist Bob Haberkorn. “If Powell is dovish, it’s bullish for gold, as it does not bear interest. It will need to break through $3,350/oz. and then ultimately retest $3,400/oz. if he’s dovish,” he added. Traders currently expect an 85% chance of a quarter-point rate cut in September, according to the CME FedWatch tool. Markets are also watching US efforts toward a landmark meeting between Russian President Vladimir Putin and his Ukrainian counterpart Volodymyr Zelenskiy. Any signs of a ceasefire could ease demand for gold. Gold has climbed more than a quarter this year, as trade war fears and geopolitical tensions boosted its appeal as a safe asset, while central bank buying and inflows to exchange-traded funds also provided support. Though it has traded in a relatively tight range since reaching a record at roughly $3,500 in April, banks like UBS and Citigroup expect further gains. (With files from Bloomberg and Reuters)

The Sleeping Giant mill is turning again for the first time since 2014, says Abcourt Mines (TSXV: ABI). The company has invested approximately C$42 million in restarting the 950-tonne-per-day mill and the gold mine below it. About 98% of the estimated resources at the Sleeping Giant mine are at a depth accessible from the existing shaft. The measured and indicated resource is 755,000 tonnes grading 7.14 g/t gold, containing 173,330 oz., while the inferred resource is 884,000 tonnes grading 8.74 g/t gold, containing 248,300 oz. The company says the estimate is conservative as it does not include residual pillars or a five-metre buffer zone around existing infrastructure, the 50-metre crown pillar, or historical production. Development at the 100%-owned Sleeping Giant mine has already begun. A 20,000-metre underground drill program was initiated in December 2023, and the results are aimed at upsizing the resources. The mill and mine are located in the Abitibi greenstone belt, mid-way between Amos and Matagami, in Northern Quebec. The mine produced over 1 million oz. of gold from 1987 to 2014 from ore averaging 10.29 g/t gold. It treated ore from the Elder mine (2015-22) and a bulk sample from the Pershing-Manitou deposit (2024). “We are very pleased with the way operations are going so far. Having the mill out of its care and maintenance mode is a major milestone that shows the market our constant advancement,” said Pascal Hamelin, president and CEO of Abcourt, in a release. “We’ve operated this mill in the past, and we believe the ramp up and testing phase on the current material should be smooth and without major issues,” he added. The company also holds 13 gold exploration projects in the region, all of which are within trucking distanced of the Sleeping Giant mill. They include the Cartwright prospect discovered in 2024 and the Flordin deposit explored in the 1980s.

Dogecoin has been trading steadily over the past 48 hours by holding its ground around the $0.21 to $0.23 range. Although the meme coin leader is down by about 12.8% in the past seven days, it has managed to stay above $0.21. This resilience is highlighted as a higher low on the 5-day candlestick timeframe chart, and according to a technical analysis by crypto analyst Javon Marks, Dogecoin’s next major move may be far larger than most expect. Technical Setup Points To $0.6533 Breakout According to a technical analysis shared on the social media platform X by crypto analyst Javon Marks, Dogecoin’s price action has created another higher low on the 5-day candlestick timeframe. The most recent higher low is part of a trend that has created a series of higher lows since 2024. The pattern of higher lows suggests that buying pressure is outweighing selling pressure, even in times of market weakness. Furthermore, it means Dogecoin is creating new price floors after each rally and subsequent rally, which strengthens the case for a continuation rally. In this case, the two most recent rallies were in the middle of July when the Dogecoin price broke above $0.27, and another rally in August when it touched $0.25 very briefly. Despite the correction that followed both rallies, the candlestick chart indicates that these lows were higher than previous highs and corrections. Now, according to Javon Marks, the immediate breakout target has been identified at $0.6533, which would represent a gain of more than 170% from the current price level. This target is derived from the technical setup of the holding breakout structure that Dogecoin has been playing out for many months. $1.25 Comes Into Play After Breakout If Dogecoin were to reach the $0.6533 breakout target, it would be its strongest bullish rally since early 2021. However, it would still fall short of its all-time high of $0.7316. The analyst further predicted an even more ambitious scenario. Once the $0.6533 breakout target is achieved in this scenario, Dogecoin could extend its rally towards $1.25. Such a move would confirm a major shift in its long-term trend and create more consistent higher highs and higher lows across the 5-day candlestick timeframe chart and above the much-anticipated $1 price level. A rally of this magnitude would not only confirm Dogecoin’s standing as the leading meme cryptocurrency but also reintroduce its price action into breaking multiple all-time highs. It would also translate to a 490% surge from the current price level. Nonetheless, the first step is for Dogecoin bulls to convert its higher-low structure into a decisive breakout. At the time of writing, Dogecoin is trading at $0.2131, down by 2% in the past 24 hours.

Drilling by Emerita Resources (TSXV: EMO) at its El Cura deposit in southwest Spain shows its potential to add significant tonnage with high-grade gold and copper to the larger Iberian Belt West (IBW) project, the company said Wednesday. Drill hole EC067 returned 16.9 metres grading 1.4% copper, 2.1% zinc, 1% lead, 0.93 gram gold per tonne and 42.6 grams silver, as well as 3.1 metres at 1.1% copper, 1.5% lead, 3.5% zinc, 1.46 grams gold and 59.7 grams silver. IBW is near the border with Portugal, about 144 km west of Seville. “The ongoing success of the drill program at El Cura has led us to approve an additional 10,000 meters of drilling as the deposit remains open for expansion and continues to deliver intercepts of excellent thickness and grade,” Emerita President Joaquin Merino said in a release. “We are particularly interested in the improved understanding of the structural controls of the mineralization which suggest that previous investigators walked away without fully exploring the down plunge potential at El Cura.” Resource, status tailwinds Those results come several months after Emerita released an updated resource for IBW that boosted indicated tonnage by 35% over the initial resource from 2023. IBW, consisting of the El Cura, La Romanera and La Infanta deposits, sits on the Iberian Pyrite belt, known for its dozens of prolific volcanogenic massive sulphide deposits that have over centuries produced millions of tonnes of copper, zinc, silver and lead. And just over a year ago, the regional Andalusian government granted IBW strategic interest status which is expected to accelerate environmental reviews and economic initiatives. Emerita shares gained 2.9% to C$1.05 apiece on Wednesday morning in Toronto, for a market capitalization of C$276 million. The stock has traded in a 12-month range of C$0.55 to C$2.00. Strong grades Other notable intersections at El Cura include EC062, which cut 7.2 metres grading 1% copper, 1.4% lead, 1.9% zinc, 1.31 grams gold and 60.1 grams silver, from 309.8 metres depth; and EC059B that returned 6.3 metres at 0.5% copper, 1.5% lead, 0.8% zinc, 1.45 grams gold and 66.9 grams silver from 382.5 metres depth. IBW hosts 18.9 million indicated tonnes grading 2.8% zinc, 1.42% lead, 0.5% copper, 1.28 grams gold and 66 grams silver for 547,000 tonnes of contained zinc, 269,000 tonnes lead, 94,000 tonnes of copper, 783,000 oz. gold and 40.2 million oz. silver, according to this year’s update Inferred resources total 6.8 million tonnes at 3.25% zinc, 1.5% lead, 0.73% copper, 0.77 gram gold and 56.3 grams silver for 221,000 tonnes zinc, 102,000 tonnes lead, 49,000 tonnes copper, 168,000 oz. gold and 12.3 million oz. silver. Compared with other European polymetallic projects, IBW is mid-sized but boasts higher grade copper and gold compared to Boliden’s (STO: BOL) Zinkgruvan project in Sweden and is competitive on grade with that company’s Neves-Corvo site in Portugal. Emerita has approved another 10,000 metres of diamond drilling at El Cura, which is to focus on converting inferred resources to indicated.

Nexa Resources S.A. (NYSE: NEXA) has reinstated full-scale operations at its Cerro Pasco Complex following a temporary suspension at two of its Peruvian mines. Earlier in August, operations at Atacocha and El Porvenir—two of the underground mines at the Cerro Pasco Complex—were partially and temporarily suspended due to blockades by a small group from the San Juan de Milpo community, which prevented access to the sites. Nexa restricted operations to critical safety and maintenance activities only, temporarily reducing the mine’s full production capacity. Impact on production The temporary and partial disruption resulted in an estimated zinc production loss of approximately 1.2kt of zinc. This volume is expected to be recovered in the upcoming month Despite the interruption, the company reported no material impact on overall output, and production remained in line with 2025 guidance. Shares of Nexa were trading down 0.55% on Wednesday morning, giving the company a market capitalization of $643M.

Viridis Mining and Minerals (ASX: VMM) has unveiled an initial reserve estimate of more than 200 million tonnes at its Colossus ionic adsorbed clay (IAC) project in Brazil, underpinning a potential high-grade rare earth mine with potential life of 40 years. At grades of 2,640 parts per million (ppm) in total rare earth oxides (TREOs) and 740 ppm in magnetic rare earth oxide (MREOs), this reserve reaffirms Colossus as a global leading IAC project, the Australian miner says. The total tonnage — derived solely from measured and indicated resources — more than doubles the reserve estimate of 98.5 million that underpins its current prefeasibility study, but at a lower MREO grade (936 ppm before). Still, it significantly extends the mine plan from 20 years to at least 40 years. The mine pits supporting the reserve align with the ultra-high-grade feed that formed the backbone of the PFS, validating the Colossus project as the most economically robust rare earth project globally, Viridis stated in a press release. As shown in the PFS released last month, the Colossus project, at its previous reserve estimate, could deliver 9,400 tonnes of TREO production annually at all-in sustaining costs of $9.3/kg. The pre-tax net present value (discounted at 8%) was estimated at $1.41 billion with an internal rate of return of 43%. Doubled scale “Our robust reserve base now underpins a potential mine life of up to 40 years, doubling the scale of our recent PFS, and provides the platform to establish Viridis as a long-term, tier-one supplier of the magnet rare earths critical to global decarbonization and electrification,” managing director Rafael Moreno stated. Situated in the state of Minas Gerais, the Colossus project comprises 228.6 km² of licenses within and around the Poços De Caldas alkaline complex, home to some of the highest-grade IAC intercepts recorded globally. Viridis acquired the rights to the project in 2023 and has since conducted multiple rounds of drilling, with rare earths intercepted within all concessions to date. In Wednesday’s press release, the company noted that the 200.6-million-tonne reserve estimate represents only a small fraction (12%) of the broader Colossus landholding, as it only included converted resource from the Northern Concession, Southern Complex and Capão da Onça deposits. High-grade zones such as the Tamoyo prospect (with the highest MREO content to date at 770 ppm) remain outside this initial reserve, Viridis said. This, says Moreno, underscores Colossus’ “immense growth potential and strategic significance” as a globally critical source of magnet rare earths. Shares of Viridis fell 9.2% in Australia despite the announcement, sending its market capitalization down to A$125.2 million. The total contained TREO reserve of 529,000 tonnes would support a long-duration production of mixed rare earth carbonates. Viridis said it will prioritize magnet rare earth oxides (Nd, Pr, Dy, Tb) to maximize basket value. Government backing According to Viridis, the company is positioned to become the first producer of refined rare earths in Brazil through its joint venture with Ionic Rare Earths (ASX: IXR), Viridion, which has exclusive global (excluding Asia and Uganda) rights for the refining of individual rare earth oxides and rights to Ionic’s recycling technology. Viridis said it is firmly focused on making an investment decision on the Colossus project, supported by the new reserve estimate as well as existing partnerships with Brazil’s leading investment firms ORE and Régia Capital, which provided $30 million in funding. In June, the Colossus project was selected for funding by the Brazilian National Bank for Economic and Social Development (BNDES) and the Federal Agency for Funding Authority for Studies and Projects in Brazil (FINEP), which launched a joint public call earlier in the year to invest as much as 5 billion reais ($903 million) across leading strategic mineral projects in the country. “This funding represents a significant milestone for both Viridis and our joint venture, Viridion, enabling us to accelerate our development timeline and move decisively toward establishing the first fully integrated rare earths supply chain outside of China,” Moreno stated in a June 13 release.

Ethereum is testing critical demand levels after a sharp pullback from its recent peak at $4,790. The correction has pushed ETH toward the $4,200 region, a level that bulls are now trying to defend. Despite strong momentum in recent weeks, selling pressure is mounting, and some analysts warn that Ethereum could face a deeper correction before finding solid ground. Yet, institutional accumulation continues to provide a strong counterforce. Data from Arkham Intelligence reveals that two whale accounts bought nearly $200 million worth of Ethereum over the past 24 hours. These new players are part of a broader trend of institutional investors and large funds aggressively adding ETH to their treasuries. The scale of these purchases signals growing confidence in Ethereum’s long-term prospects, even as short-term volatility tests market sentiment. Such whale accumulation often reflects strategic positioning ahead of potential rallies, reinforcing Ethereum’s status as a cornerstone of the broader crypto market. Ethereum Whale Accumulation Signals Growing Institutional Confidence According to Arkham, two fresh whale addresses have just purchased a combined $192 million worth of Ethereum from Bitgo, raising eyebrows across the market. The wallets, 0xEC9A7e7D864bD598d0F0F00d8D397E83171c52De and 0x728e79933070e44273Eb23bD0aB937565f41777d, executed these massive buys in what analysts see as part of a broader institutional accumulation trend. The timing has sparked speculation from Arkham — what do these players know that the retail market may be missing? The rise of Ethereum as a treasury reserve asset is quickly becoming a reality. Similar to the Bitcoin corporate adoption wave that began with MicroStrategy, institutional players are now openly adding both Bitcoin and Ethereum to their balance sheets. This shift signals that global adoption is accelerating, with Ethereum recognized not only as a smart contract and DeFi backbone but also as a strategic long-term store of value. These latest whale purchases reinforce the idea that institutional money is here to stay, even as ETH faces short-term volatility. With exchange supply steadily declining and OTC liquidity thinning out, every major accumulation adds pressure to the supply side, making ETH structurally bullish in the long run. Price Action Details: Testing Demand Ethereum (ETH) is currently trading at $4,222, showing signs of stabilization after a sharp retracement from the recent $4,790 high. On the 4-hour chart, ETH is attempting to hold above the green 100-day moving average (around $4,180), a key support level that could determine short-term direction. The rejection near $4,800 marked a local top, followed by sustained selling pressure that pushed ETH below the 50-day moving average (blue line). This signals fading momentum in the short term, with bears attempting to gain control. However, the current bounce from the 100-day MA suggests that bulls are still defending critical support zones. Volume has spiked during the decline, reflecting aggressive selling but also significant absorption from buyers. If ETH holds the $4,200–$4,180 range, a potential recovery toward $4,400–$4,500 could play out in the coming sessions. On the other hand, failure to defend this level could open the door for a deeper correction toward $3,950–$3,900, aligning with the 200-day MA (red line). Featured image from Dall-E, chart from TradingView

Following our Monday article on the ongoing profit-taking currently happening in Tech related assets, access our updated analysis on the Nasdaq. The current open continues the bloodshed in the Nasdaq, down 1.33% after yesterday’s 1.50% performance. The upward channel reaching its top had appeared as a technical hurdle to pursuing an upside, but this down move looks like more is happening. Positioning had attained an extreme on the long side, as evidenced by the put-call ratios. This is typical when such a relentless uptrend bulls through multiple All-time highs, elevating tech-related stocks to some overbought levels. A bigger theme might be into play here: With the US regaining some geopolitical credibility, some bigger 2025 trend reversal might start to play here (at least on the best performing yearly trends). The Dow Jones is however holding pretty strong (despite being down small). CBOE Put/Call Ratio, spot how a lower bound is getting reache – August 20, 2025 – Source: TradingView Read More: Nasdaq and tech sector open the week on cautious footing Nasdaq Multi-timeframe technical analysisNasdaq Daily Chart Nasdaq Daily Chart, August 20, 2025 – Source: TradingView The Daily bearish divergence continues to have its effect when looking at the current correction. The May upward Channel is currently breaking, which may trigger further profit-taking flows. The Daily RSI is also crossing below the neutral line, which prompt some interesting reactions. The 23,000 Key pivot zone and psychological level is getting into play here, with the 50-Day MA not too far below (22,875). A post-NFP rally analysis mentioned that despite a spectacular rebound after a huge dip, an appearance from Sellers within such a tight-bull channel may see some follow-through, with the most leveraged players starting to show some sign of hesitancy. Let's take a closer look. Nasdaq 4H Chart Nasdaq 4H Chart, August 20, 2025 – Source: TradingView The Nasdaq keeps struggling as we speak and just breached the 23,000 psychological level. A session close below this level may trigger some further mean-reversion selling. However, deep oversold levels on the 4H RSI should at least trigger some pause into the ongoing selling – the rest is to see if dip buying occurs here or consolidation holds prices below the key level. Zones of interest for Nasdaq Trading: Resistance Levels All-time Highs 23,98623,500 Support turned resistance23,000 Key Pivot ZoneSupport Levels 22,850 50-Day MA (immediate support)22,700 Support zone22,298 Early 2025 previous All-time highs Safe Trades! 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.

Shiba Inu has introduced a major change to its community decision-making system through Shib Doggy DAO, bringing new voting options that move beyond the old reliance on token staking. Now, community members can use ERC-20 token balances to take part in governance, or choose quadratic voting to prevent large holders from dominating the process. With $12 million in backing from major industry players and plans for a new Layer-3 chain, the Shiba Inu network is setting itself up for broader adoption and a stronger role in the Web3 space. Revamped Doggy DAO: Stronger Voting And Fairer Governance The Shiba Inu ecosystem’s governance body, the SHIB Doggy DAO, has rolled out a redesigned voting framework that makes participation more inclusive and secure. Until now, governance proposals have relied heavily on Bone ShibaSwap (BONE) staking, which limited flexibility and created risks of majority attacks. With the update, community members can now vote directly with their ERC-20 token balances. Token holders no longer need to stake assets to have a say in governance, making it easier for more of the SHIB Army to join decision-making. At the same time, quadratic voting adds another layer of protection. In this system, the cost of gaining extra voting power rises steeply, making it nearly impossible for wealthy holders to control outcomes. Instead of being restricted to one fixed model, they can now pick the governance method that best suits their proposal. Whether it’s staking, direct token balance voting, or quadratic voting, the flexibility allows for better alignment between the nature of the decision and vote counts. Shibarium’s Bigger Vision: Identity, Layer-3, And TREAT Token While improving governance is a significant achievement, Shiba Inu’s developers have even bigger plans for the future of the network. Work is already underway on an identity-based voting system that will give each person just one vote, regardless of how many tokens they hold. The voting system closes the gap between whales and small holders, guaranteeing everyone has an equal voice. The team wants to launch a new Layer-3 chain next year and has raised $12 million from backers like Polygon Labs and Animoca. The upcoming chain will run on Shiba Inu’s newest token, Treat (TREAT), which rewards Web3 activities. TREAT is already listed on major exchanges like MEXC, Bitget, and Gate, signaling growing interest and adoption. Beyond TREAT, other tokens in the Shiba Inu ecosystem will also play distinct roles. Bone ShibaSwap (BONE) and DogeKiller (LEASH) will serve different on-chain functions, helping power the multi-token system that supports Shibarium. The new governance model connects to the bigger Web3 trend of digital identity. Shibarium has a Karma points system that measures reputation and trust across the community. By tying voting to identity and reputation, Shiba Inu moves to a safer, more trusted system that helps it grow to one billion users.

Yesterday evening's Royal Bank of New Zealand Meeting delivered a much expected 25 bps cut. Usually, a rate decision that is released as expected will then point participants towards the communication. As explained in our pre-Rate decision analysis, there are different scenarios: a dovish or hawkish approach to again different possibilities of rate decisions (cut, pause, hike, 25 bps or more). Yesterday's dovish 25 bps cut from the RBNZ caught markets by surprise: a lower longer-run inflation outlook and subsequent lower projected OCR (New Zealand's main interest rate) combined with some lower revised growth and employment outlooks sent the Kiwi dropping against all majors. You can access another NZD strategy analysis published earlier on our website for NZDJPY. Let's now look at the major Kiwi pair: NZDUSD. OANDA's Currency Strength tool, August 20, 2025 – Source: OANDA Labs (look at the NZD) Read More: The US Dollar (DXY) pauses at 98.00 as markets await clarity – What's next? NZDUSD Multi-timeframe technical analysisNZDUSD Daily Chart NZDUSD Daily Chart, August 20, 2025 – Source: TradingView The Kiwi was evolving in a consistent upward trend since the April Liberation Day troughs, but has since broken and retested the channel supporting it. The current downtrend is forming a downward channel and the 1% down-move from yesterday's meeting is now stalling at the 0.58 support zone. Look at the reactions as mean-reversion buyers are now stepping at the 200-Day Moving average (0.5830) and lower bound of the same downward channel, from oversold RSI levels – let's have a closer look to see if the current support will be enough to hold the downtrend. Note that a failure to do so should trigger a prolonged selling trend. NZDUSD 4H Chart NZDUSD 4H Chart, August 20, 2025 – Source: TradingView Multiple scenarios are possible here. Effectively, despite momentum being in sellers' hands, multiple selling targets have been attained: The 4H RSI is also oversold, with a 4H Head and Shoulders pattern attaining its measured move target at a confluence with the lower bound of the downward channel. In such bear channels with new fundamentals, mean-reversion isn't always a given: prices may consolidate sideways before attaining the other side, upper bound of the channel. If buyers do step in around here, look at the mid-point of the channel located right at the 0.59 Pivot Zone. Levels to look for NZDUSD trading: Resistance Zones: 0.59 (+/- 150 pips) Main Pivot acting as Resistance0.5950 Resistance Zone0.60 Psychological level.Support Zones: 0.58150 Daily lows0.58 immediate Support ZoneNext Main Support 0.57 to 0.5750 Safe Trades! 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.

JCHX Mining Management, a global Chinese mining contractor, has selected Sandvik Mining to supply a 32-unit underground equipment fleet at MMG’s Khoemacau copper mine (KCM) in Botswana. The order includes 12 Toro TH663i trucks, 10 Toro LH621i loaders, eight Sandvik DD422i development drills, one Sandvik DL432i longhole drill, and one Sandvik Rhino 100 raise borer. Deliveries will continue through the second quarter of 2026. The contract also includes remote monitoring service, providing critical information to improve fleet performance. Located in Botswana’s Kalahari Copper Belt, Khoemacau copper mine is a major underground operation with significant expansion underway. Since acquiring the mine in March 2024, operator MMG has advanced plans to increase annual copper production from current levels to 60,000 tonnes within two years, leveraging the existing 3.7 million t/y process plant and targeting higher grade zones through improved mine access and flexibility. Longer term, MMG aims to increase total output to 130,000 tonnes of copper in concentrate per year by constructing a new 4.5 million t/y process plant, expanding zone 5 production, and developing nearby deposits. Early works for the expansion project have commenced, with construction expected to begin in 2026 and first concentrate anticipated in 2028. “We’re proud to partner with Sandvik for this important contract,” said Xiancheng Wang,chair of JCHX Mining. “Sandvik’s reputation for high-performance equipment and strong aftermarket support was key in our decision. This fleet will play a vital role in helping us deliver operational excellence and meet the ambitious production targets set for the Khoemacau site.” “Our advanced underground technologies and digital solutions will help enable efficiency and performance as the site ramps up production in the coming years,” said Mats Eriksson, president of Sandvik Mining president Mats Eriksson said in a news release.

Most Read: Oil prices went up on Wednesday after the American Petroleum Institute reported a drop in U.S. crude stockpiles. Investors are also watching for updates on efforts to end the Ukraine war, with sanctions on Russian oil still in effect. US Crude Stockpiles Drop The American Petroleum Institute (API) reported that U.S. crude stocks fell by 2.4 million barrels last week, more than the expected 1.2 million-barrel drop, showing stronger demand. Official data from the U.S. Energy Information Administration (EIA) will be released later today. Other Factors Impacting Oil Prices Oil prices have been holding out hope of a Russia-Ukraine peace deal. On Tuesday, Trump said the U.S. might offer air support as part of a deal to end the Russia-Ukraine war. The day before, he mentioned plans to set up a meeting between Putin and Ukraine's President Zelenskiy, followed by a three-way summit with all three leaders. However, Russia has not confirmed its participation in talks with Zelenskiy. As things stand, a quick deal seems unlikely given that according to reports, if Ukraine is to give up territory, this will need to happen via a public vote. At present Oil prices may also be finding support from flooding at a large U.S. refinery. BP announced on Tuesday that its Whiting, Indiana refinery, which processes 440,000 barrels per day, was impacted by flooding caused by a severe thunderstorm. This could reduce crude demand at the refinery, which is an important fuel supplier for the Midwest. Moving forward, EIA data will be key later in the day with any updates on the Russia-Ukraine peace deal may also stoke some volatility. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Technical Analysis - WTI Oil From a technical analysis standpoint, Oil has broken below the triangle pattern and the 200 and 100-day MA resting around the 67.62 and 64.51 handles respectively. Price action is rather choppy on the daily timeframe with a bearish day followed by a bullish one. A clear sign of the uncertainties and lack of commitment from traders at present. WTI Oil Daily Chart, August 20, 2025 Source: TradingView (click to enlarge) Dropping down to a two-hour timeframe and the 100-day MA in purple has been providing a strong area of dynamic resistance this week. However, we have seen a break of the previous swing high a short while ago which could hint at a change in structure. My concern however stems from the period-14 RSI on the two-hour chart which has been rejected at the 50 neutral level. A break above this level would have signaled a shift in momentum but a failure to do so hints that bearish momentum is still very much in play. WTI Oil Two-Hour Chart, August 20, 2025 Source: TradingView (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.

Little Pepe ($LILPEPE) has launched a Layer-2 solution on the Ethereum virtual machine and is ready to welcome a new generation of frog meme coins. Low-cost, lightning-fast transactions on Little Pepe solve Ethereum’s well-known congestion and gas issues. And as the heir apparent to Pepe’s market dominance, Little Pepe could welcome an ever-expanding world of meme coins. It all comes at a time when the meme coin market is on the rise, and frog-related tokens have built their own niche worth $5.65B. $LILPEPE Presale Becomes Top Meme Coin to Buy Now LILPEPE’s presale closed its Stage 10 early as investors poured into the project, raising the total from the presale to well over $22M. The $LILPEPE project touts zero trading taxes, anti-bot protections, and a $777K giveaway. It arrives just as $PEPE, $BRETT, and other frog coins sustain sizable market share. Pepe ($PEPE) is among the most liquid meme coins, with a multibillion-dollar capitalization and frequent bursts of volume; it’s down over a quarter in August. Brett (Based) ($BRETT) broke out in 2024, a major player on Coinbase’s Base chain. It reached its all-time high of $0.23 at the beginning of December 2024. $BRETT is still a flagship for Base meme coins. Turbo ($TURBO) holds a $280M market cap, significant even for a meme coin, with a persistent presence in the frog subset. A Frog Sector with Real Weight Frog-themed meme coins remain a significant slice of the market: the category shows an aggregate market cap of roughly $5.65B. Within that cohort, $PEPE holds about $4.36B in value, while $BRETT (Base) trades near $0.05 with a market cap around $490M. One top-50 token and several mid-rank ones before the sector gives way to small-cap coins at the bottom of the list. Still, the overall market cap of the sector is impressive enough. And performance for many of the individual tokens, while down recently, has nevertheless surged in 2025. That follows broader market trends – Interest in even the best meme coins has ebbed and flowed throughout 2025 with periodic rotations into the segment and sentiment-driven spikes. It’s a market niche ripe for a contender to challenge $PEPE for his crown. Enter Little Pepe ($LILPEPE), a token offering more than Pepe ever could. What Little Pepe Is Building Unlike most meme tokens that launch on existing chains and absorb gas costs, Little Pepe is rolling out an EVM-compatible Layer-2. Little Pepe chain boasts zero buy/sell taxes on the $LILPEPE token. The project’s whitepaper outlines a 100B total supply with 26.5% allocated to presale, 30% to chain reserves, 13.5% to staking & rewards, and 10% each to liquidity, DEX allocation, and marketing. Ultra-fast, secure, and cheap – Little Pepe is the perfect chain for building a meme coin empire. The project even features anti-sniper (anti-bot) protections and a native launchpad intended to give new tokens a fairer start. Liquidity gets locked when tokens launch, preventing a common scam where devs snag all the tokens overnight. A CertiK smart-contract audit and a preliminary CoinMarketCap page help advance the sale. There’s also the significant $777K giveaway. The terms are simple – a minimum $100 presale entry plus social tasks – and winners are announced on the project site. 10 lucky winners from the community will each receive $77K in $LILPEPE. The Little Pepe Pitch Little Pepe’s pitch is that infrastructure (an L2), not just a likable mascot, can help the token compete when meme coin volumes surge. Lower fees, tax-free trading, and anti-bot rails may appeal to retail traders who were priced out by gas or burned by launch snipers in prior cycles. $LILPEPE has room to grow, big shoes to fill, and the ambition to do it. Do your own research; though, this isn’t financial advice.

A consortium of private equity investors announced Wednesday the launch of EverMetal Holdings LP, one of the world’s first dedicated critical metals recycling platforms to strengthen US domestic access to the strategic metals supply chain. Established with the majority backing of GEF Capital Partners, a Washington, D.C.-based private equity firm focused on pollution mitigation, EverMetal aims to build a viable alternative to purchasing mined minerals by creating an integrated recycling supply chain in the U.S. EverMetal has completed its first acquisition of CAI Custom Alloys LLC, a US-based processor of high-performance superalloys, headquartered in Belvidere, Illinois. The superalloy market consists of critical metals used in aerospace, power generation, renewable energy and technology and electronics industries. Mining of these superalloys is concentrated in a few specific geographies primarily in Africa and Asia. The deal marks the launch of a platform designed to consolidate and expand recycling capacity for a suite of strategic metals—including nickel, cobalt, tungsten, tantalum, rhenium, hafnium, titanium, and niobium—that are essential for aerospace, defense, energy, and high-tech industries. Founded in 2009, CAI processes nickel, cobalt, and specialty metal scrap, supporting end markets across aerospace, defense, power generation, medical, and technology. The company is one of a few domestic processors holding vacuum-melt certification from major aerospace customers – a prerequisite for inclusion in critical component manufacturing. “CAI’s products play a quiet but vital role in U.S. national security,” EverMetal CEO Hugo Schumann said in a news release. “From jet engines to turbine blades, these recycled metals power mission-critical technologies. “Our acquisition of CAI reflects our mission to secure and scale domestic recycling of these materials and reduce dependence on expensive, foreign-controlled sources of strategic materials,” Schumann said. With EverMetal’s capital and strategic backing, CAI will accelerate investment in capacity growth, new processing technologies, geographic expansion, and relationships with key defense and aerospace customers, the company said.

After the brief surge that followed the Ripple lawsuit’s conclusion, traders say momentum quickly faded. Bitcoin slid to around $114,000, and with it, XRP touched $2.94. That dip dragged the token under $3 once again, sparking fresh arguments between those who see a buying chance and those who remain skeptical. Analyst Frames Dip As Opportunity According to comments from Coach JV, a well-known XRP advocate, the return to sub-$3 levels should be seen as a chance to buy. He called XRP under $3 “a massive blessing.” He told followers that most people panic when prices fall, while patient investors buy slowly over time. He used a farming image to make the point: People tend to buy at harvest, he said, but the smart money buys when the field looks empty. This message sits alongside data showing XRP has been more bearish since the post-lawsuit spike. A Split Within The Community Not everyone agrees with that view. One commentator argued that XRP at $500 — not $3 — would be the real blessing. Coach JV pushed back, saying that if an extreme rally ever arrives, the payoff will go to those who held through the down days and kept adding to their positions. He has also used the phrase “unimaginable wealth” to describe what long-term holders might see. Reports note that most XRP holders own fewer than 500 tokens, which helps explain why many retail investors focus on the idea of transformative returns. Technical Indicators Paint A Cautionary Picture According to current XRP price predictions, the token is expected to dip by 0.75% to about $2.87 by September 19, 2025. Based on technical readings, market sentiment is listed as Neutral and the Fear & Greed Index registers 44 (Fear). Over the last 30 days XRP recorded 12/30 green days — that’s 40% — with price volatility at 4.80%. Those numbers suggest movement, but not runaway momentum, and they help explain the mixed tone among traders. XRP’s $3 Line: Buying Opportunity Or Warning Sign? Meanwhile, short-term traders will watch price action around $3 for signs of follow-through, while longer-term backers point to accumulation as a strategy. According to the voices quoted in the market, patience and steady buying are the path some choose. Other market participants say tempering expectations with clear math is wise. Either way, the debate over whether a dip is a blessing or a warning is likely to continue as XRP finds its footing after recent volatility. Featured image from Meta, chart from TradingView

Crypto firm has entered into a credit agreement with crypto exchange Gemini ahead of the latter’s initial public offering (IPO). The crypto exchange revealed the details of this agreement in its IPO filing, with the amount expected to be used to finance some costs that may arise during the public offering. Details Of Ripple’s Agreement With Gemini In its IPO filing with the SEC, Gemini revealed that it entered into a credit agreement with Ripple in July. Under the agreement, the crypto exchange can make lending requests of no less than $5 million each, and up to an aggregate commitment amount of $75 million. Furthermore, the initial commitment of $75 million can be increased or decreased from time to time, subject to the attainment of certain metrics that both parties have agreed on. However, the aggregate commitment of the credit agreement between Gemini and Ripple cannot exceed $150 million, meaning that is the maximum credit that the crypto exchange can request from the crypto firm. Once Gemini exceeds the initial commitment of $75 million, then it will need to make lending requests in the form of Ripple’s RLUSD stablecoin, which the crypto firm has to consent to. Gemini revealed that all its lending requests under the Ripple credit agreement must be secured by collateral. It shall also bear an interest rate per annum of 6.50% or 8.50% and must be repaid in USD. Although some details were redacted, the crypto exchange indicated that it has also received some amount from Ripple under the agreement. With this, Ripple has become a major backer for Gemini’s IPO, which is expected to take place soon. Notably, the crypto exchange’s financials in the IPO show that it posted net losses over the quarters that span back to March 2023. In just the first half of this year alone, Gemini has recorded a net loss of $282 million. Details Of The Gemini IPO With Ripple’s backing, Gemini plans to offer shares of its Class A common stock, although it has yet to reveal how many shares will be available in the IPO. The crypto exchange has yet to provide details on how much these IPO shares are likely to sell for each. However, it revealed that it has applied to list these Class A common stock on the Nasdaq stock market under the symbol “GEMI.” Furthermore, the lead underwriters for the Gemini IPO are Goldman Sachs and Citigroup, with support from other firms such as Morgan Stanley and Cantor. Gemini’s IPO plans follow the successful execution of crypto exchange Bullish’s IPO, in which the exchange raised $1.15 billion after selling its shares for $37 each. Gemini will be looking to record similar success, considering the massive crypto demand among traditional finance (TradFi) investors.

Bo Hines, who was an executive director of the White House Crypto Council under Trump, has bullishly joined Tether USDT as a strategic advisor. The appointment will focus on advancing the USDT company’s digital assets and US expansion strategy. The ex-director brings experience from shaping crypto policy at the highest levels, especially during his time on the crypto council. Hinse role will involve leading outreach to regulators and integrating stablecoins, especially USDT, with traditional finance systems. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates 15 minutes ago Crypto is United States Dollar Last Hope By Akiyama Felix And Andrew Tate could be right. In his recent X post Tate stated: Nobody outside of stable coin companies are buying US bonds. Crypto isnt anti dollar. Its the dollars last hope. The post [LIVE] Ex-Trump Official Bo Hines Joins Tether: USDT to Resume Bull Run Back Full Gear appeared first on 99Bitcoins.

Dogecoin’s consolidation has not broken its higher-timeframe uptrend, according to crypto analyst Cantonese Cat (@cantonmeow), who in an August 19 livestream argued that DOGE continues to respect key support structures despite choppy day-to-day price action. “A lot of people are very very bitter about Doge, of course,” he said, because the meme-coin “has been [forming] higher highs and higher lows.” In his view, the technical context remains constructive: “This is a bull trend until proven otherwise.” Dogecoin Defies The Bears Cantonese Cat anchored his call in multi-timeframe signals rather than short-term oscillations. On the weekly and monthly charts, he said Dogecoin has been holding the 20-week and 20-month moving averages, a combination he characterizes as consistent with an intact primary uptrend. “I don’t operate on the daily basis… I operate on a much higher time frame,” he explained, stressing that the broader structure outweighs near-term volatility. On the daily chart, he acknowledged weakness relative to shorter moving averages and cloud resistance, noting that DOGE is “consol[i]dating sideways” and has “broken down underneath the 20-day.” He framed that as a routine reset within trend rather than a breakdown, pointing to Ichimoku dynamics: after being “rejected up here by the Ichimoku cloud a few weeks ago,” price is “trying to hold the tenkan/kijun back-testing area [to] find some energy here to break back above.” As part of that attempt to rebuild momentum, he said, Dogecoin “just had a double bottom over here,” a pattern he reads as evidence of demand at support. Via X, he added: “DOGE weekly: Endless back-test of the Ichimoku Tenkan, but forming higher low here after its recent double bottom formation.” Responding to concerns that rangebound price action implies exhaustion, he emphasized “timeframe bias”—that traders overweight recent chop and underweight the series of higher lows that has defined DOGE’s structure since its cycle base. While he conceded that “it’s always possible” for supports to fail, he found no decisive evidence on higher timeframes that Dogecoin’s bull phase has ended. Instead, he cast the current tape as a pause beneath overhead resistance, with the cloud, the 20-day average, and prior rejection zones acting as the near-term hurdles to clear for continuation. Crucially, he situated his DOGE view within broader market-cap structures—what many traders track as TOTAL and its variants. On OTHERS (crypto market cap excluding Top 10), he observed that the composite “just broke about the 0.5 here and… couldn’t break through 0.618,” describing a market that is still consolidating within a Fibonacci-defined range. More pointedly, he highlighted TOTAL3—the total crypto market cap excluding Bitcoin and Ethereum—as a constructive backdrop for altcoins: “Total three actually looks pretty decent here. If you look at the… chart, like this looks like a beautiful cup and handle… [it has] broken about the 0.86 [and is] getting ready for some all-time high stuff here.” On that basis, he rejected the idea that a cyclical top is already in for altcoins: “I cannot be bearish on the entire cryptocurrency market… I just cannot when Ethereum just had [its] breakout above the 0.86.” That macro-alt setup, he argued, helps explain why DOGE’s higher-timeframe supports continue to attract buyers even as intraday moves turn noisy. The upshot is a patience-trade: DOGE’s 20-week and 20-month moving averages remain his “primary line of defense” for the uptrend; the daily chart remains the battleground where cloud resistance and tenkan/kijun retests will determine when momentum can re-assert itself. Until those higher-timeframe anchors give way, Cantonese Cat’s verdict on Dogecoin is unchanged: “It is still a bullish chart until proven otherwise.” At press time, DOGE traded at $0.21466.

The crypto landscape is cooling off following last week’s record inflows, now marked by notable ETH outflows as it struggles to retest its all-time high of $4,878.26. As of this moment, ETH is trading at $4,211, sliding down by 10.29% since last week as outflows continue to deepen and major issuers trim their holdings. According to SoSoValue’s data, ETH ETFs recorded $422 million in net outflows on 19 August 2025. This marks their second-largest single-day outflow since launch and their third consecutive day of negative performance. (CoinMarketCap Data) Fidelity recorded the largest outflow at $156 million, followed by Grayscale at $122 million and Bitwise closing off the leaderboard with a recorded $40 million in outflows. On the flip side, a breakdown below this level could trigger a deeper market correction, shifting attention towards the 50-day EMA near $3,690. EXPLORE: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 ETH Reserves Remain Strong Despite Outflows ETH ETF issuers continue to hold over 6.3 million ETH despite recent outflows, which is roughly 5% of the total circulating supply, valued just under $26 billion. However, if it fails to recover its momentum, more outflows could ensue, promoting additional liquidations, adding to the bearish pressure. EXPLORE: 20+ Next Crypto to Explode in 2025 Key Takeaways ETH ETFs recorded $422 million in net outflows, their second-largest single-day outflow since launch Arkham data reveals BlackRock, Fidelity, and Grayscale collectively unloaded up to $160 million worth of ETH ETH ETF issuers continue to hold over 6.3 million ETH despite recent outflows The post ETH Outflow Worsens As BlackRock And Fidelity Dump ETH ETFs appeared first on 99Bitcoins.

The US Securities and Exchange Commission (SEC) and SEC Chair Paul Atkins are actively signalling a sharp policy turn on digital assets. On 19 August 2025, during the SALT conference in Wyoming, Atkins said that only a “very few” crypto tokens should be treated as securities. He further clarified that the tokens themselves are “probably not” securities. According to Atkins, the classification of the tokens depends on how they are packaged and sold, which is a visible shift from the SEC’s enforcement-led posture under former Chair Gary Gensler. “From the SEC’s perspective, we will plow forward on this idea that just the token itself is not necessarily the security. There are very few, in my mind, tokens that are securities. But it depends on what is the package around it and how that’s being sold,” said Atkins. “I can buy an orange and I’m not necessarily buying the promise to have somebody harvest it, squeeze it and then market it and then send me the dividend,” he said. “So that’s a lot different than just buying a token in the marketplace.” DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Key Takeaways The SEC, under Chair Paul Atkins, is charting a more crypto-friendly regulatory course that treats the token as technology—not inherently a security—and concentrates legal analysis on how assets are offered and sold. If the SEC follows through on Atkins’ view that only a narrow slice of tokens are securities, two practical effects could emerge. First, fewer assets would be presumptively subject to registration or exempt offering requirements. Second, the Commission’s focus would shift to the mechanics of distribution, marketing, and rights. The post SEC Chair Paul Atkins Says “Very Few” Tokens Are Securities: What Is “Project Crypto”? appeared first on 99Bitcoins.

“XRP will never be below $3 again from here on out.” That’s what every XRP ▼-3.85% influencer said last week. These ignoramuses are experts in what exactly? Today we will give you a realistic XRP price prediction for 2050 and for the shorterm. Although XRP’s parent company Ripple has had recent wins against the SEC, it continues to buckle under a mix of red tape and bad optics. The token dropped to $2.87 this week after the SEC postponed a batch of ETF rulings, including Nasdaq’s CoinShares bid, which is now scheduled for October. Adding fuel to the decline was a recent audit that placed the XRP Ledger at the bottom of a 15-chain security ranking. Here’s why XRP will suffer in the short term but could reward long-term holders massively. “A security audit ranked XRP Ledger lowest among 15 blockchains, affecting investor confidence.” – CoinDesk Data (XRPUSDT) XRP Price Prediction for 2050… But First, the Short-Term Price Ripple’s XRP traded at $2.89 on Wednesday, a 3.68% dip from $3.00 as volume ticked up to nearly $6.9 billion. 99Bitcoins analysts say the move looks like traders cashing out profits ahead of the next major push. Surprisingly, one of those major players is Robinhood, which has offloaded over 5 million XRP tokens in recent weeks. Despite the slip, XRP is up over 10% this week and has a market cap of just under $172 billion. DISCOVER: 20+ Next Crypto to Explode in 2025 The broader market told the same story in sharper colors. Bitcoin plunged 10% to $114,000 after last week’s record highs. Mantle, Pump.fun, and Morpho gained, while Cardano, POL, and Sei declined. (Robinhood dumping XRP in recent weeks) All this unfolded as JPMorgan reversed its Fed outlook. At the same time, Wall Street warned the new Genius Act could spark a $6.6 trillion migration from banks into stablecoins. Against that backdrop, Bitcoin’s fall feels less like weakness and more like a slight correction before we go even higher. Now, The Longterm Price for XRP Let’s start with the worst-case: $0.00 … the SEC wins everything, Ripple disappears, and your grandchildren only know XRP as a trivia answer in a crypto museum that exists on the moon. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 No. But in a more plausible future, assuming Ripple survives its regulatory battles and captures meaningful cross-border settlement markets, 99B analysts could see XRP trading in the $75-$100 range by 2050. Are we low-balling? Of course! We won’t jinx anything. Long story short, the only guarantee is that none of us will remember today’s $3 price by then. 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 Although XRP’s parent company Ripple has had recent wins against the SEC, it continues to buckle under a mix of red tape and bad optics. Surprisingly, one of those major players is Robinhood which has offloaded over 5 million XRP tokens in recent weeks. The post XRP Price Prediction 2050: Ripple Faces SEC Delays Amid Market Dump appeared first on 99Bitcoins.

Overview: Leaving aside the New Zealand dollar, which has been tagged for more than 1% after the dovish forward guidance following the central bank's well-telegraphed rate cut, and the Australian dollar, which has been dragged lower after yesterday's poor price action, the G10 currencies are little changed. The greenback is firmer against most emerging market currencies. Outside of New Zealand, the macro data has been limited to a larger than expected Japanese trade deficit, as exports to the US, EU, and China fell, and firmer than expected UK July inflation. The highlight from the US today are the FOMC minutes, which seem less relevant after the August 1 jobs report and official comments. While Japanese, Taiwan, and South Korea stocks sold off, most of the other markets in the Asia Pacific region rose with China's CSI 300 rising more than 1% and the Shanghai Composite reaching a new 10-year high. Europe's Stoxx 600 is posting a minor gain but sufficient to extend its advance for the third consecutive session and the sixth in past seven. US index futures are nursing small losses after yesterday's sell-off. European benchmark 10-year yields are mostly 1-2 bp lower, but the UK 10-year Gilt yield is off four basis points, despite the higher CPI reading. The 10-year Treasury yield is off almost a single basis point to slip back below 4.30%. Gold has steadied after losing 0.5% yesterday. It dipped below $3312, its lowest level since August 1, but recovered to session highs, a little above $3327 in Europe. October WTI continues to trade in Monday's range ($61.45-$63.00). USD: The Dollar Index has not gone anywhere really in the past five sessions. The range set in the second half of last week, roughly 97.65-98.35 continues to dominate. It did edge up to almost 98.45 today to test the 20-day moving average, but it is back within the well-worn range. The trendline off July and now August lows is near 97.80 today. At the same time, this month's downtrend line comes in slightly below 98.25 today. The FOMC minutes today have been superseded by events, and especially the employment data, and subsequent official comments. At next month's FOMC meeting, we expect a quarter-point rate cut, which will remove some restrictiveness of the current setting, updated Summary of Economic Projections, where the median dot may be for one more cut this year and four in 2026, and a decision to reduce or end quantitative tightening as reserves appear to be approaching "ample" levels as reflected in the dwindling use of the reverse repo facility. EURO: The euro remains mostly in the range set last Thursday, August 14, of about $1.1630-$1.1715. It eased to almost $1.1620 today and tested the 20-day moving average. The trendline connecting the July highs comes in near $1.1745 today. Options for 1.1 bln euros at $1.1675 and another 855 mln euros of options at $1.1600 expire today. The news stream continues to be light. Germany's July PPI fell by 0.1% and the year-over-year slipped deeper into negative territory (-1.5% vs. -1.3%). It has been deflating since March. Recall that producer price deflation began in July 2023 but was positive in the last two months of 2024 and the first two months of this year. Outside the eurozone, Sweden's Riksbank stood pat with it target rate at 2.0%. It began easing in May 2024 from 4.0%. The swaps market has another cut nearly fully discounted before the end of the year. The Swedish krona often seems to trade like a high-beta euro, which is to say it frequently moves in the same direction as the euro against the dollar but more so. In July, when the euro fell by 3.15%, the krona dropped 3.4% against the dollar. In this month's rally, the krona has edged out the euro. The Swedish krona was the strongest G10 currency in H1 25, rising 17%. The euro rose by slightly more than 13.8%. CNY: Surprising no one, China's loan prime rates were left unchanged at 3.0% and 3.50%, for the one-and five-year tenors, respectively. Meanwhile, data suggest that the expansion of the "Southbound Bond Connect" led to record flows last month from the mainland to HK. At the same time, foreign investors apparently reduced their holdings of Chinese bonds. Foreign investors previously were attracted to the “negotiated CDs", but these have fallen out of favor, and the use fell for the third consecutive month in July. Note that the dollar rose against most the on- and offshore yuan in July for the first time in three months. Even if several years ago, net settlement may have tracked reserve changes, the increased capital inflows, and outflows, with still a large trade surplus, suggests it now may reflect more than "stealth intervention." The greenback continues to trade in a narrow range against the offshore yuan. For the better part of 2 1/2 weeks, the dollar has been traded between CNH7.1680 and CNH7.1980, and it hovers near the middle of the range. The greenback has traded on both sides of yesterday's range, and from a technical perspective, the close is important. A close below yesterday's low (~CNH7.1820) would be more negative. Meanwhile, the PBOC continues to gradually lower the dollar's fix. Today's fix of CNY7.1384 (CNY7.1359 yesterday), it is the sixth consecutive session below CNY7.14. The reference rate was set only once last month below CNY7.14. It seems clear that the PBOC has introduced more flexibility into setting the reference rate and that is falling; while seeing capital outflows increase and the implied three-month volatility of the onshore yuan is near one-year lows. JPY: The decline in US yields as equities fell helped drag the dollar down against the Japanese yen, even as it rose against the other G10 currencies. The dollar met sellers yesterday after it reached a four-day high near JPY148.10. There are nearly $1 bln of options at JPY148.00 that expire today and another $1.4 bln of options expire there on Thursday. It traded below JPY147.50 in the North American afternoon and was sold to JPY147.15 today. Since the August 1 sell-off, the dollar has entered a most JPY146-JPY148 trading range. It has closed above JPY148 once (August 11), but this proved to be a bit of a bull trap. The tone remains one of consolidation today. Japan reported its July trade figures earlier today. On an unadjusted basis, Japan reported a JPY117.5 bln deficit. That means in the first seven months of the year, it recorded a trade deficit of about JPY2.34 trillion (~$15.8 bln) compared with about a JPY4 trillion (~$26 bln) shortfall in the January-July 2025 period. Exports fell for the third consecutive month on a year-over-year basis, but the 2.6% drop was the largest since the pandemic. Exports to the US fell by 10.1%, and it was the fourth consecutive decline. Exports to China were off 3.5% and down 3.4% to Europe. Imports fell by 7.5%, with crude oil, coal and liquified natural gas falling at double digit paces. GBP: Sterling rallied from the August 1 low near $1.3140 to almost $1.3600 last week. The move seemed stretched, and we anticipated a consolidative phase. Sterling traded at a five-day low yesterday slightly below$1.3480 and extended the losses to almost $1.3460 today. The next area of support is around $1.3415-20, where the 20-day moving average and the (38.2%) retracement of this month's rally are found. Still, sterling recovered after the firmer than expected July CPI. It recovered to almost $1.3510 but stalled in the European morning. Yesterday's high was a little high, near $1.3530. The UK's CPI rose by 0.1% in July, the base effect saw the year-over-year rate tick up to 3.8% from 3.6%. In the first seven months of the year, then, the UK CPI rose at an annualized pace of 4.1%. That compares to a 1.9% annualized pace in January-July 2024. The core rate edged up to 3.8% (from 3.7%). It stood at 3.3% in July 2024. Service inflation rose to 5.0% (from 4.7%), a three-month high. It was at 5.2% last July. The net effect was to push expectations of the next cut further out. In the swaps market, there is less than a 50% chance of another cut this year. The year-end rate is seen near 3.85%, the highest since late May. The next cut is not fully discounted until the end of Q1 26. CAD: Slightly softer than expected headline July CPI yesterday saw the swaps market increase the odds of rate cut next month from about 25% to a little more than 35%. Amid the risk-off that saw the Nasdaq shed about 1%, and softness among the dollar-bloc currencies (and emerging market currencies), the US dollar rise to CAD1.3870, its highest level since August 1. In fact, the greenback posted its highest settlement against the Canadian dollar since May. Today, it has taken out the high from August 1 (~ CAD1.3880) which itself was the highest since May 21. The May high was about CAD1.4015, and the 200-day moving average is a bit higher near CAD1.4040. But this might be a bit far. Canada reports June retail sales on Friday and a strong 1.6% gain has been tipped by StatsCan in its advance estimate issued late last month. It will likely be flattered by stronger auto sales. It would offset May's 1.1% decline and comes on the heels of an 83k rise in employment in June (13.5k full time positions and 69.5k part time jobs). Excluding autos, Canada may have experienced a its first rise in retail sales in four months. AUD: There was little follow through selling of the Australian dollar after last Thursday's bearish outside down day, until yesterday. The Aussie was sold through the (61.8%) retracement objective of this month's rally found near $0.6475 and fell to $0.6450. The losses were extended today to almost $0.6425. The month's low is around $0.6420. Its loss would have bearish technical implications and suggest potential toward $0.6350-80. The preliminary PMI is due tomorrow, and the composite stands at a cyclical high of 53.8 in July after rising sharply in June and July from the year's low of 50.5 in May. Meanwhile, as widely anticipated, the Reserve Bank of New Zealand cut its cash rate target to 3.0% from 3.2%. It was understood to be a dovish cut in the sense that the central bank projects a further easing of 45 bp by Q1 26, with the target rate below market measures of neutral (~2.50%). The New Zealand dollar is off the most among the G10 currencies, losing more than 1%. MXN: The US dollar gains fizzled yesterday near Monday's high, slightly shy of MXN18.8675. Once again peso buying emerged on the pullback and the greenback fell below MXN18.78. But the risk-off, which deepened, saw the US dollar recover back to MXN18.8450. It is trading quietly today in a roughly MXN18.7865-MXN18.8455 range so far today. Tomorrow, Mexico reports June retail sales. They likely slipped a bit after the heady 1.8% surge in May. Minutes from August 7 Banxico meeting are also due. At that meeting, the central bank cut the target rate by 25 bp (to 7.75%) after four consecutive half-point cuts. Recall that Deputy Governor Heath dissented in favor of a standpat policy. The central banks estimate that the real neutral rate is 1.8%-3.6%. Adjusted by the one-year inflation expectations, the current real rate is slightly above 4.0%. The central bank expects the average headline inflation will be about 3.8% this quarter, down from 4.1% previously. It left the Q4 projection unchanged at 3.7%. Disclaimer