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Bitcoin price is correcting gains and trading below $118,000. BTC is still showing some bearish signs and might decline toward the $112,000 zone. Bitcoin started a downside correction below the $118,000 zone. The price is trading below $116,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $118,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $118,000 resistance zone. Bitcoin Price Dips Again Bitcoin price started a fresh decline after a close below the $120,000 level. BTC gained bearish momentum and traded below the $118,500 support zone. There was a move below the $116,500 support zone and the 100 hourly Simple moving average. The pair tested the $114,750 zone. A low was formed at $114,715 and the price is now consolidating below the 23.6% Fib retracement level of the recent decline from the $124,420 swing high to the $114,715 low. Bitcoin is now trading below $117,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $117,000 level. The first key resistance is near the $118,000 level. There is also a key bearish trend line forming with resistance at $118,000 on the hourly chart of the BTC/USD pair. The next resistance could be $118,500. A close above the $118,500 resistance might send the price further higher. In the stated case, the price could rise and test the $119,500 resistance level. It is close to the 50% Fib retracement level of the recent decline from the $124,420 swing high to the $114,715 low. Any more gains might send the price toward the $120,000 level. The main target could be $121,500. More Losses In BTC? If Bitcoin fails to rise above the $118,000 resistance zone, it could start a fresh decline. Immediate support is near the $115,000 level. The first major support is near the $114,750 level. The next support is now near the $113,500 zone. Any more losses might send the price toward the $112,000 support in the near term. The main support sits at $110,000, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $115,000, followed by $113,500. Major Resistance Levels – $118,000 and $118,500.

Gemini is moving ahead with plans to go public. The Winklevoss-owned crypto exchange just filed for a Nasdaq listing under the ticker GEMI. The filing gives a rare look at Gemini’s finances and strategy as it tries to reestablish itself in a maturing market. Massive Losses Underscore a Tough Year The numbers are rough. Gemini posted a net loss of $282.5 million in the first half of 2025, compared to a $41.4 million loss in the same period last year. Revenue also dropped to $68.6 million, down from $74.3 million. These figures show just how difficult the past year has been, even as markets have begun to rebound. The report points to legal costs, rising headcount, and declining trading activity as the main reasons for the steep losses. Ripple Offers a Lifeline With $75 Million Credit Facility To help shore up liquidity, Gemini secured a $75 million credit agreement from Ripple Labs. It’s a revolving facility that lets Gemini request loans starting at $5 million, with a potential ceiling of $150 million. Once the first $75 million is drawn, Gemini can start borrowing in Ripple’s RLUSD stablecoin. This adds a new layer of flexibility and highlights how crypto-native funding deals are starting to resemble traditional credit lines, just with digital assets in the mix. DISCOVER: 20+ Next Crypto to Explode in 2025 Dual-Entity Setup Aims to Bypass Regulatory Friction Gemini is also getting creative with its legal structure. The company plans to operate through two separate entities. Gemini Trust Company, based in New York, will handle custody and regulated activities. Meanwhile, Moonbase, based in Florida, will operate the main platform used by most customers. This lets Gemini sidestep the strict New York BitLicense requirements without giving up regulatory cover altogether. BitcoinPriceMarket CapBTC$2.31T24h7d30d1yAll time IPO Filing Joins a Growing Trend Among Crypto Firms Gemini’s move to go public follows similar filings from other major players like Circle and Bullish. Both of those firms found receptive markets despite the broader regulatory pressure on the industry. Gemini’s IPO is backed by big-name underwriters including Goldman Sachs, Morgan Stanley, Citigroup, and Cantor Fitzgerald. If it completes the process, Gemini will become the third major crypto exchange to trade publicly, after Coinbase and Bullish. DISCOVER: Best New Cryptocurrencies to Invest in 2025 What the Filing Tells Us About Gemini’s Plan Despite the sharp losses, Gemini’s IPO shows it’s not backing down. The credit facility from Ripple gives it short-term stability, while the dual-entity structure shows long-term planning. The company is betting that going public now will help it reset, attract capital, and lean into the next wave of institutional crypto growth. Investors will have to decide if that’s a gamble worth taking. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Gemini has officially filed for a Nasdaq listing under the ticker GEMI, signaling its intent to go public despite ongoing challenges. The exchange posted a $282.5 million net loss in the first half of 2025, over six times worse than the same period in 2024, as revenue also dropped. To help with cash flow, Gemini secured a $75 million credit facility from Ripple Labs, which could expand up to $150 million and allow borrowing in RLUSD. Gemini plans to operate through two entities—New York-based Gemini Trust for regulated services and Florida-based Moonbase for the main exchange—to work around strict licensing rules. With big-name banks backing the IPO, Gemini aims to rebrand itself as a serious player in the next wave of institutional crypto growth. The post Gemini Prepares for IPO as Filing Reveals Major Losses and Ripple Credit Deal appeared first on 99Bitcoins.

Two of the most aggressive corporate Bitcoin buyers, Strategy and Metaplanet, have ramped up their holdings once again, taking their combined stash to nearly 3.1 percent of the total Bitcoin supply. As public companies continue treating Bitcoin as a strategic asset, the supply picture is quietly shifting in real time. Strategy Adds Another $51M in BTC Strategy, formerly known as MicroStrategy, announced it bought an additional 430 BTC earlier this week for about $51.4 million. That works out to roughly $119,666 per coin. This purchase brings its total holdings to a staggering 629,376 BTC. That’s nearly 3 percent of all Bitcoin in circulation. The company has spent over $46 billion on its Bitcoin accumulation strategy so far. With Bitcoin trading near recent highs, Strategy is sitting on more than $27 billion in unrealized profits. That kind of performance makes it one of the most influential institutional players in the Bitcoin market today. Metaplanet Ramps Up Buying With 775 More BTC Metaplanet, the Japanese firm that’s quickly becoming Asia’s most visible Bitcoin-heavy public company, isn’t slowing down either. The company just acquired 775 BTC at an average price of about $119,853 each. That’s a bold move, especially considering Metaplanet’s average cost basis across all holdings now sits at roughly $101,726 per coin. With this latest purchase, Metaplanet’s total holdings reach 18,888 BTC, about $1.9 billion in total value. That’s four times higher than its Bitcoin stash back in March, showing just how rapidly it’s scaling its strategy. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in August2025 Corporate Holdings Are Reshaping Bitcoin’s Market Dynamics Together, Strategy and Metaplanet now hold close to 3.1 percent of all Bitcoin in circulation. That kind of concentration means fewer coins are available on exchanges, which could eventually impact market liquidity. Corporate accumulation is no longer a sideshow; it’s a real force shaping the structure of Bitcoin’s supply and demand. BitcoinPriceMarket CapBTC$2.31T24h7d30d1yAll time By pulling Bitcoin off the market for long-term treasury purposes, these companies are tightening circulating supply, especially during periods of rising institutional demand. Strategy Adjusts Funding Strategy for Future Growth Strategy has also recently updated how it issues stock to finance its Bitcoin buys. Under the new policy, the company will only issue new shares when its stock is trading at least four times its net asset value. Between 2.5 and 4 times, issuance will be more selective. If the ratio drops below 2.5, share sales are limited to servicing debt or paying dividends. If it falls under 1, Strategy may even use credit to buy back stock instead. This approach allows the company to remain aggressive in its Bitcoin strategy while protecting shareholders from unnecessary dilution. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What This Signals for the Market Corporate interest in Bitcoin has reached a point where major firms are becoming significant stakeholders in its ecosystem. When companies begin holding single-digit percentages of the total supply, they don’t just participate in the market; they start shaping it. For investors, this is a reminder that Bitcoin’s scarcity narrative is becoming more real, not just through halvings, but through corporate hoarding. At this pace, Bitcoin isn’t just a decentralized asset anymore; it’s a high-stakes battleground for institutional capital. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Strategy (formerly MicroStrategy) now holds 629,376 BTC after a $51M purchase, controlling nearly 3% of the total Bitcoin supply. Metaplanet added 775 BTC, raising its holdings to 18,888 BTC, four times more than it held in March. Together, Strategy and Metaplanet control about 3.1% of all Bitcoin in circulation, influencing market liquidity and long-term supply. Strategy updated its stock issuance policy to reduce dilution and better align with its Bitcoin buying strategy. Corporate accumulation is tightening supply and turning Bitcoin into a competitive asset for institutional treasuries. The post Strategy and Metaplanet Now Control 3.1 Percent of Bitcoin’s Total Supply appeared first on 99Bitcoins.

The Solana (SOL) ecosystem demonstrated notable growth in the second quarter (Q2) of the year, particularly in terms of Decentralized Finance (DeFi) total value locked (TVL). Solana DeFi TVL Soars 30% According to market analysis firm Messari, the total value locked in DeFi on the Solana ecosystem surged by 30.4% quarter-over-quarter, reaching $8.6 billion. This growth solidified Solana’s position as the second-largest network in DeFi TVL. However, the quarter was not without its challenges. Average daily spot decentralized exchange (DEX) volume experienced a sharp decline of 45.4%, dropping to $2.5 billion, attributed to the waning excitement surrounding memecoins. The stablecoin market on Solana also faced headwinds, with its market cap decreasing by 17.4% to $10.3 billion, positioning it third among networks. A significant portion of this growth earlier in the year was fueled by the launch of the official TRUMP token on January 17, which injected substantial liquidity into the ecosystem and created high-liquidity trading pairs utilizing Circle’s USDC stablecoin. Despite the decline, the stablecoin market’s sustained growth indicates that much of the new capital has remained within the Solana network, according to the firm’s findings. By the end of Q2 2025, USDC’s market cap stood at $7.2 billion, reflecting a 25.2% decline and a 69.5% market share. Meanwhile, Tether’s USDT maintained its position as the second-largest stablecoin on Solana, holding a steady $2.3 billion. Network Activity In terms of staking, Solana’s liquid staking rate rose to 12.2%, an increase of 16.8% from the previous quarter. With 64.8% of SOL’s circulating supply now staked, this growth in liquid staking enhances the DeFi ecosystem, supporting yield-bearing opportunities for SOL holders. Solana’s circulating market cap also grew by 29.8% to $82.8 billion, placing it sixth among all cryptocurrencies, behind Bitcoin (BTC), Ethereum (ETH), Tether, XRP, and Binance Coin (BNB). The non-fungible token (NFT) market, however, faced a downturn, with average daily trading volume plummeting by 46.4% to approximately $979,500 in Q2. Despite this decline, Solana’s NFTs continue to lead in creator royalties. Network activity remained relatively stable, with average daily fee payers decreasing slightly by 1.4% to 3.9 million, while non-vote transactions rose by 4% to 99.1 million. The average transaction fee saw a significant drop of 59.6%, settling at just $0.01. On a broader scale, total staked value hit an all-time high of $102 billion on January 18, coinciding with SOL’s peak price of approximately $295. By the end of Q2, the total staked SOL had increased by 25.2% to $60 billion. Messari’s analysis hints that while the Solana ecosystem is navigating through a phase of “adjustment,” its foundational metrics and continued development might signal a promising outlook for the future. As of this writing, SOL’s price stands at $184.50, recording a 4.4% drop in the past 24 hours. When compared to its $293 record reached earlier this year, SOL’s price trades nearly 40% below. Featured image from DALL-E, chart from TradingView.com

Bitcoin’s momentum has slowed after reaching a new all-time high above $124,000 last week. The cryptocurrency has since moved lower, with its price slipping by nearly 10% from that peak. At the time of writing, BTC is trading around $115,424, reflecting a 2.5% decline in the past 24 hours. The retracement has drawn attention to on-chain activity and investor behavior, particularly among long-term holders (LTHs). A CryptoQuant analyst has been monitoring realized profit and loss metrics to gauge whether the current cycle is approaching its peak or if more upside potential remains. Data released by the analyst sheds light on how seasoned holders are reacting to Bitcoin’s latest rally. Long-Term Holder Trends Across Market Cycles CryptoQuant contributor PelinayPA shared an assessment of Bitcoin’s long-term holder realized profit and loss (RPL) metric, which tracks when investors who have held coins for extended periods decide to sell. According to the analyst, this indicator has historically been reliable in signaling both cycle tops and bottoms. The analysis highlights key phases across multiple market cycles. During the 2017 bull market, a surge in LTH realized profits coincided with Bitcoin’s peak. By contrast, in the 2018–2019 bear market, profit realization slowed dramatically, while losses surfaced, reflecting the market bottom. A similar pattern was observed in 2021, though the profit realization was more gradual, suggesting that selling pressure was spread across the market rather than concentrated in short bursts. When Bitcoin entered the 2022–2023 downturn, realized losses increased significantly as the asset fell into the $15,000–$20,000 range. That period was characterized by panic selling among longer-term holders. In the current market, however, PelinayPA notes that while profit-taking is visible, it remains moderate compared with past peaks. This indicates that, although selling is occurring, it has not yet reached the levels typically associated with a cycle top. What the Current Data Suggests for Bitcoin The current phase of moderate profit realization suggests caution but does not confirm that Bitcoin has fully topped out. PelinayPA explained that: Historically, sharp increases in LTH profit realization (large green spikes) align with bull market tops. Current selling (mid-2025) is measured and gradual, which implies BTC may still be in the late stages of a bull cycle. If LTH selling accelerates, it could mark the next peak. This measured approach by long-term holders could mean that the market retains some room for additional upward movement, provided selling pressure does not intensify. At the same time, the data highlights that a shift toward heavier profit-taking would be an important warning signal for traders and institutions watching the market closely. On-chain analytics firms frequently point to these long-term holder behaviors as leading indicators. While Bitcoin’s price action continues to consolidate below its record high, how these investors act in the coming weeks could set the tone for the next stage of the cycle. For now, the data suggests that the rally has not yet reached conditions historically associated with a definitive top, but market participants are advised to watch profit realization closely. Featured image created with DALL-E, Chart from TradingView

As XRP slides down over 5%, an analyst has highlighted the next possible targets for the asset, based on this technical analysis (TA) pattern. XRP May Visit These Levels Of A Parallel Channel Next In an X post on Sunday, analyst Ali Martinez pointed out how XRP was at risk of observing a further drop if it couldn’t reclaim the $3.3 level. Below was the chart shared by the analyst. In the graph, Martinez highlighted a Parallel Channel that XRP has followed since late last year. A Parallel Channel is a TA pattern that forms whenever the price of an asset consolidates between two parallel trendlines. The upper line of the channel is likely to be a point of resistance, while the lower one that of support. A breakout of either of these bounds can trigger a continuation of the trend in that direction. From the chart, it’s visible that the asset slipped below the lower line of the Parallel Channel back in April, but this breakdown lasted only briefly, with the coin swiftly recovering back into the channel. Similarly, the cryptocurrency saw a breakout above the pattern last month, but once again the signal couldn’t sustain as its price returned below the upper line. Since then, XRP has made a couple of retests of this line situated at $3.3, but each attempt has been rejected. On Sunday, the analyst warned that the coin could face a further drawdown if it failed to recover to this level. Today, Martinez quoted the chart, noting that the asset has just lost another support level: $3. This line is located a quarter of the way down the Parallel Channel. Now, what could be next for XRP? According to the analyst, the coin may be heading to $2.6, corresponding to the midway line of the channel, or even $2, which represents its lower bound. These are just the support levels available to the cryptocurrency from a TA perspective. Another major support level could perhaps be hinted at by on-chain data, as Martinez shared in another X post. In the chart, the data for the recent Cost Basis Distribution of XRP is shown. According to this indicator, investors last accumulated around 1.7 million tokens of the cryptocurrency at the $2.81 level. Since the spot price is trading above this mark right now, these holders would be sitting on some gain. Generally, if the market mood is bullish, investors in profit react to retests of their cost basis by buying more. This is because they may look at the drawdown as just a ‘dip.’ Related Reading: Dogecoin Bullish Signal: Whales Buy 2 Billion DOGE The more concentrated a level is with supply, the stronger this reaction is. As such, the $2.81 level with its dense supply could play the role of a major support level for XRP in the event of a retrace to it. XRP Price At the time of writing, XRP is trading around $2.99, down over 6% in the last week.

Metallium Limited (ASX: MTM; OTCQX: MTMCF) reported on Monday that its subsidiary Flash Metals USA has made substantial progress on its Technology Campus in Chambers County, Texas – the site of its first commercial Flash Joule Heating metal recovery plant in the US. The method called ‘flash Joule heating,’ which was originally developed to produce graphene from carbon sources like food waste, was adapted in 2021 by researchers at Rice University to recover rhodium, palladium, gold and silver from electronic waste. The company said it is pursuing commercial opportunities across a range of critical metal feedstocks, including antimony, rare earth element (REE) magnets, heavy REE-enriched e-scrap, and selected mining concentrates. Metallium also released on Monday its proven technology performance from US -sourced e-waste feedstocks: Gold – 100% recovery from e-waste feedstock grading 551 g/t Au, over 100x higher than typical primary ores; silver – 97% recovery at 2,804 g/t Ag and antimony – 98% recovery from feedstock grading 3.13% Sb. Since securing its Texas site, Metallium said it has significantly progressed the redevelopment of the site infrastructure to enable commissioning to commence in December 2025. Alongside equipment procurement and site works, the company said it is advancing air quality, water quality, and waste management permitting; has engaged VaporPoint to implement best-practice monitoring and compliance systems and is finalising balance-of-plant engineering, structural analysis, and integration design. Metallium also said it has engaged engineering firm Hunt, Guillot & Associates for plant integration, implementation engineering, and structural assessments and that it is working with the local power utility Entergy Texas to finalise supply arrangements and capacity for long-term operations. A key commissioning milestone has also been achieved, Metallium said, with the order of 60 tonnes of printed circuit board (PCB) scrap e-waste. “We are progressing on all fronts to deliver our first U.S. facility as planned. With critical equipment ordered, site works advancing, and commissioning feedstock secured, the project is materially de-risked,” Metallium CEO Michael Walshe said in a news release. “Our ambition is to leverage the FJH modular system design so that we can rapidly expand this model across the United States, targeting pre-permitted sites strategically located near major e-waste collection centres,” Walshe said. “Every step we are taking now, from engineering to feedstock readiness, is about building a robust, scalable platform capable of processing a diverse range of critical and precious metals, positioning Metallium as a leader in U.S.-based metals recovery and refining.” The company is targeting a December 2025 commissioning for the facility.

Bitcoin has been moving sideways, and traders are starting to lose patience. The world’s largest cryptocurrency couldn’t hold recent highs, sparking talk about whether the market is bracing for a sharper swing. Some analysts say the pause is normal, others warn it could be the calm before the storm. Traders Watch Price Levels Closely Popular market watcher Daan Crypto Trades pointed out that Bitcoin’s struggle to pick a direction isn’t unusual. He noted the coin has been locked between support and resistance zones, with neither bulls nor bears taking control. It’s the kind of setup that often leads to big moves once one side gives in. Meanwhile, technical evidence sends mixed signals. By September 16, 2025, Bitcoin will reportedly hit at least $130,266, which is a 13.07% increase compared to the previous prediction. The Fear & Greed Index is currently at 60, indicating that greed is on the menu, while sentiment indicators are neutral. In the last 30 days, Bitcoin had 14 green sessions out of 30, and the average performance remained on the positive at 1.63%. That isn’t extreme, but it does indicate that traders are being cautious. Analysts Split On What’s Next There are a few investors who believe the current lull is nothing but a breather before another rally. They say that buying interest remains high, particularly with long-term demand coming from institutions. Skeptics, however, believe the latest rejection at higher levels is a sign of weakness and that another pullback opportunity has opened up. Jitters in the marketplace always invite disorientation, and this moment is no exception. A 13% gain sounds exciting, but sentiment may change in a heartbeat if the Bitcoin price loses the entire support level. Traders are keen to see if momentum will pick up or if the sideways chop will continue. Is It A Good Time To Buy? Based on technical indicators, reports suggest it may still be a decent entry point. But timing is tricky. With price forecasts pointing toward $130K and resistance overhead, the next few weeks could decide the short-term trend. Some see this as a chance to accumulate, while others would rather wait for a clearer breakout. For now, Bitcoin sits in limbo. Traders are scanning the charts, looking for clues on whether the path to $135K is still alive — or if the market is setting up for another surprise. Featured image from Adobe Stock, chart from TradingView

The U.S. Securities and Exchange Commission (SEC) has once again kicked key crypto ETF applications into the long grass, delaying a slate of high-profile filings until October – in a deja vu moment for SEC crypto timelines. In notices filed August 18, the regulator extended review deadlines for NYSE Arca’s Truth Social Bitcoin-Ethereum ETF to October 8, for 21Shares’ and Bitwise’s Solana funds to October 16, and for the 21Shares Core XRP Trust to October 19. Are Political Fears Holding Back Trump’s Crypto ETF? The Truth Social ETF, submitted in June and backed by Trump Media’s platform, is structured as a commodity-based trust holding BTC and ETH directly. While it mirrors the mechanics of approved spot ETFs, political optics have drawn scrutiny. Watchdogs, including Accountable.US, argue that Trump’s deep ties to crypto ventures could undermine confidence in the SEC if the fund proceeds. Solana’s applications, lodged by 21Shares and Bitwise through Cboe BZX, would mark the first U.S. spot Solana ETFs. The products are designed to provide institutional exposure to SOL without custody risk, a critical step as Solana’s market cap pushes past $80Bn and institutional demand builds. EXPLORE: 20+ Next Crypto to Explode in 2025 XRP Trust Filings Are Also Hitting SEC Crypto Delays The extensions occur against a backdrop of accelerating flows into spot BTC and ETH ETFs, which drew a combined $3.75Bn in net inflows last week. BlackRock’s iShares Bitcoin Trust alone controls more than $87Bn in AUM. By contrast, altcoin products remain in limbo, their fate hinged on an SEC still reluctant to extend legitimacy beyond Bitcoin and Ethereum. EXPLORE: 9+ Best High-Risk, High-Reward Crypto to Buy in August 2025 The post Deja Vu? SEC Kicks Solana, XRP, Truth Social Crypto ETFs Into Long Grass appeared first on 99Bitcoins.

China’s exports of rare earth products surged in July to levels not seen since January, underscoring Beijing’s easing of export restrictions and tensions with the US. Volumes rose 69% to 6,422 tonnes, according to customs data compiled by Bloomberg. The rebound comes after China introduced sweeping export controls during April-May in response to US tariff measures, prompting concerns of a global supply squeeze on rare earth products, particularly permanent magnets, which are crucial for advanced technologies such as electric vehicles, wind turbines and defense systems. Industries that rely heavily on these magnets, from automakers in Europe and India to electronics manufacturers, were severely impacted by the supply disruptions, as China controls about 90% of the global production. However, shipments have begun to recover following a recent trade truce between Washington and Beijing. US Trade Representative Jamieson Greer said earlier this month that China was “about halfway there” in restoring magnet supply to pre‑control levels. According to Bloomberg, detailed data on specific product categories and export destinations are expected later this week. For years, the US has relied on China for its supply of rare earths — which the Asian country used to its advantage in the trade war. Since the supply disruptions earlier this year, the US government has unveiled plans to boost domestic output of rare earths and magnets, including a sizeable investment in MP Materials, the nation’s only rare earth miner.

Bitcoin (BTC) slipped below $116,000 in Monday’s trading, marking a sharp reversal from last week’s record high above $124,000. The decline follows renewed inflation concerns in the U.S. and uncertainty around Federal Reserve policy, which has dampened risk appetite across global markets. At the time of writing, BTC hovers near $115,300, maintaining a fragile grip on support around $115,000. Analysts warn that a breakdown could push prices toward $112,500, but holding this level may pave the way for a recovery toward $120,000 and beyond. Short-term holder data suggests that selling pressure remains limited. The Net Unrealized Profit/Loss ratio sits at just 0.07, well below the 0.25 saturation threshold that historically signals profit-taking and potential corrections. Metaplanet Expands Bitcoin Treasury While markets remain cautious, Tokyo-based Metaplanet Inc. has doubled down on its Bitcoin strategy. The firm announced the purchase of 775 BTC at an average price of ¥17,720,023 per coin (about $122,000), bringing its total holdings to 18,888 BTC. Metaplanet’s aggressive accumulation shows growing institutional conviction in Bitcoin as a treasury asset. Despite short-term volatility, the company has posted impressive Bitcoin yield metrics, including a 129.4% gain from April to June 2025 and 29.3% gains from July through mid-August. Such moves reflect how corporate players continue to use dips as entry points, reinforcing the narrative of Bitcoin as a long-term hedge against inflation and currency depreciation. Buying Opportunity or Warning Sign? Market watchers remain split on whether this correction is a setup for the next leg higher or a warning of deeper downside. If Bitcoin can reclaim $117,261 as support, momentum could accelerate toward $127,000, the first major resistance flagged by on-chain cost basis models. Beyond that, the +2σ band around $144,000 represents the zone where euphoria typically peaks before corrections emerge. For now, Bitcoin’s fate rests on holding $115,000 support. With institutional buying, ETF inflows, and corporate treasury adoption showing resilience, many see the current pullback less as a peak and more as an opportunity for strategic accumulation. Cover image from ChatGPT, BTCUSD chart from Tradingview

Avino Silver & Gold Mines (TSX, NYSE-A: ASM) reported exceptionally rich-grade twin-hole assays from the La Gloria and Abundancia veins at its La Preciosa project in Durango, Mexico. The best intercept was from hole PMLP-25-03, beginning at 106.4 metres downhole, Avino said Monday. It cut 7.9 metres true width, grading 1,638 grams silver per tonne and 1.92 grams gold. This included 0.37 metre at 15,352 grams silver. A second hole, PMLP-25-04, returned 6.42 metres true width grading 544 grams silver and 0.46 gram gold from 183.83 metres, including 0.66 metre at 1,739 grams silver. “The intercept grades are significantly higher than the average grades outlined in our current resource,” President and CEO David Wolfin said in a news release. The results boost company plans to source near-term underground feed as it advances the 360‑metre San Fernando decline ramp towards the Gloria and Abundancia structures. The four-hole program for 1,100 metres twinned historical drilling to validate vein geometry and grades, Avino said. The company’s balance sheet has strengthened this year on higher throughput and lower unit costs, giving it room to advance the project while drilling. More drilling The team plans drilling more step-out holes on the La Gloria vein and will fold the results into the mine model as ramp development continues. Despite the strong exploration results and 12-month growth of 278%, Avino’s Toronto-traded shares were at C$5.29, down C$0.11 or 2% apiece on Monday afternoon. It has a market capitalization of C$755.3 million. Avino finalized the acquisition of the property from Coeur Mining (NYSE: CDE) in March 2022 and has since been working on bringing La Preciosa into production to feed into the Avino mill19 km away. The project offers a potential low‑capital path to add silver‑rich feed. Coeur completed a feasibility study on La Preciosa in 2014, but that open-pit plan doesn’t represent Avino’s current development concept. The company has a plan to grow from one to three producing assets by the end of the decade. As part of the most recent drill program, four HQ (about 63.5 mm- or 2.5 inch-diameter) core holes intersected La Gloria (all four holes), Abundancia (three holes) and several unnamed veins, the company reported. Resource base La Preciosa hosts a 2023 indicated resource of 17.4 million tonnes grading 176 grams silver per tonne and 0.34 gram gold per tonne for a silver-equivalent grade of 202 grams per tonne. The deposit holds 99 million oz. silver and 189,000 oz. gold, or 24 million silver-equivalent ounces. It holds another 4.4 million tonnes inferred at 151 grams silver and 0.25 gram gold for 170 grams per tonne silver-equivalent, for 21 million oz. silver and 35,000 oz. gold, or 24 million oz. silver-equivalent. Including the Avino mine and its planned oxide leach expansion, the company has global measured and indicated resources of 53.1 million tonnes grading 100 grams silver per tonne and 0.47 gram gold per tonne (162 grams per tonne silver-equivalent) for 171 million oz. silver and 799 million oz. gold, or 277 million oz. silver-equivalent.

Ethereum is navigating a crucial battleground between $3,900 support and $4,800 resistance, testing the market’s resolve. With recent pullbacks and strong support in place, speculations are whether ETH can sustain momentum and target the next milestone at $5,000. ETH Hits $4,793 Local Top: Bullish Continuation Confirmed The Crypto Professor, in a recent analysis posted on X, highlighted Ethereum’s impressive rally to a local top of $4,793. This surge came after ETH successfully broke the critical $4,100 resistance level, confirming a bullish continuation structure and signaling strong momentum from buyers despite the volatile market environment. Following this breakout, Ethereum entered what the analyst described as a healthy retracement phase, as traders took profits near resistance. Such pullbacks, while often unsettling to less experienced traders, are considered a natural part of sustaining an uptrend. The analyst stressed that as long as ETH maintains its position above the $4,100 support zone, the broader bullish structure remains intact. Consolidation between $4,100 and $4,700 would be especially constructive, creating a strong base of support before any attempt at a fresh breakout. Looking ahead, the key level to watch is the recent $4,793 high. A clean break above this point could act as a catalyst for momentum, propelling Ethereum toward the $5,000 psychological barrier, with $5,200 also within reach. Ethereum Faces Key Resistance At $4,800 Previous ATH GrayWolf6, in a post on X, shared his thoughts on Ethereum’s weekly chart, noting that it is currently facing resistance at its previous all-time high of $4,800. He highlighted $3,900 as another critical level, explaining that ETH had failed to break this zone three times before dropping as low as $1,400. On the fourth attempt, however, ETH finally managed to break through, confirming the importance of this level in the broader market structure. Currently, ETH is holding above $3,900, which now serves as a key support level. GrayWolf6 pointed out that after Ethereum’s rejection at $4,800, a pullback occurred, and a possible retracement back toward $3,900 remains a possibility. Despite the rejection, GrayWolf6 maintained that his expectation for a new all-time high is unchanged. He stressed that fluctuations of this nature are a normal part of price action, especially when an asset is testing major resistance levels. For now, the range between $3,900 and $4,800 remains the critical area to watch. A breakout above $4,800, according to GrayWolf6, would open the door for ETH to move beyond its previous highs and potentially enter a new phase of price discovery.

Log in to today's North American session Market wrap for August 18 The Trump-Zelenskyy meeting just concluded at around 15:00 ET, leaving place to the ongoing meeting between Trump and a flurry of EU leaders. There has been some doubts relating to some of the demands made by Putin on the meeting that happened past Friday in Anchorage, including a retract of Ukraine from a NATO membership and an official concession of Crimea – Thing deemed "impossible by the Ukrainian President when appearing on Fox. Sentiment degraded a bit to start the day, but the ongoing talks are leaving the market undecided as participants await more news. For that aspect, equities finish the day close to unchanged, forex movement is fairly thin and Cryptos, which were selling off in the morning, mean-reverted back a little (although still finish the session down.) Energy commodities like oil on the other hand, have broken out as a potential end to the ongoing war would imply a much thinner supply. The rest is for Markets to see if the war really comes to an end or not. A ceasefire in the Middle East is also potentially in the building, but will need Israeli confirmation – The Qatari-Egypt proposal has been accepted by Hamas. In the waiting of further headlines, it seems the Market is on edge – expect volatility this week with many different scenarios possible. Read More: US Oil breaks out as bearish catalysts fade Cross-Asset Daily Performance Cross-Asset Daily Performance, August 18, 2025 – Source: TradingView Oil is the one outstanding performer of today's session, starting down about 1.5% before finishing up 1%. Cryptos are also mean-reverting higher with sentiment not degrading further. Movement has beenm relatively muted all around asset classes however. A picture of today's performance for major currencies Currency Performance, August 18 – Source: OANDA Labs The US Dollar started the day on a high note, with the DXY still consolidating around the 98.00 handle. The relative strength for the USD also dragged the Loonie higher, particularly with the support of decent performance from Oil. The Euro, Pound and JPY are the biggest laggers of the session in some mean-reversion flows. Forex movement has still been relatively subdued today. A look at Economic data releasing in tonight and tomorrow's sessions For all market-moving economic releases and events, see the MarketPulse Economic Calendar. The overnight session has a few data points for APAC currency traders, including the New Zealand PPI (18:45 ET) and the Australian Consumer Confidence. Tomorrow's session is expected to be a bit more movemented – The NA session begins with Canadian Inflation at 8:30 A.M. with a consensus at 0.4% m/m for both the headline and core. The US data will be a tid bit lighter with Housing numbers also at 8:30, still, expect headlines from the Trump-EU meeting. Also, tomorrow night will see the release of the RBNZ Rate Decision, where a 25 bps cut is 97% priced in. The decision will be taken at 22:00 in tomorrow's evening session. 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.

Despite flashing a bullish golden cross, where the 50-day moving average crosses above the 200-day, Dogecoin failed to sustain upward momentum. Instead, heavy selling pressure drove DOGE from $0.24 down to $0.22, marking a 6% drop within 24 hours. Intraday volatility spiked at 7%, as a midday rally was quickly crushed by late-session selloffs. Volume analysis points to stronger conviction from sellers, with spikes during breakdowns rather than recovery moves. Losing the $0.23 support zone has left DOGE vulnerable to further downside, with traders now eyeing $0.2165 and $0.2150 as the next key levels. Dogecoin Whales Keep Buying, But Confidence Wavers Interestingly, whale wallets continue to show aggressive accumulation. In August alone, 680 million DOGE were added, pushing total whale holdings to nearly 100 billion tokens, the highest level in months. While this suggests long-term confidence, the accumulation has yet to translate into upward price momentum, as technical damage from repeated rejections at $0.24 resistance weighs on short-term sentiment. Market analysts warn that if whales pause accumulation amid network risks, the lack of strong buyer support could trigger a deeper freefall below the current $0.22.ç Qubic Vote Sparks Security Concerns The latest blow came when Qubic, an AI-driven blockchain project, announced that its community had voted Dogecoin as its next proof-of-work target. The move follows Qubic’s controversial 51% attack on Monero, which allowed it to reorganize blocks and manipulate transactions, forcing Kraken to suspend Monero deposits. With Dogecoin’s market cap above $35 billion, the stakes are considerably higher. A successful attack could disrupt transactions, enable double-spending, and dent investor confidence. While some experts argue DOGE’s larger network makes it harder to compromise, others caution that the intent alone has raised red flags across the crypto industry. DOGE Outlook: Make-or-Break at $0.23 Dogecoin’s immediate future hinges on whether bulls can reclaim the $0.23 level. Failure to do so could open the door to deeper losses, especially if Qubic escalates its campaign against the network. For now, traders are closely monitoring derivatives positioning, whale behavior, and global trade tensions that continue to pressure risk assets. Dogecoin may have survived many market downturns, but this time, both technical fragility and network security are in question, making the coming weeks critical for the memecoin’s stability. Cover image from ChatGPT, DOGEUSD chart from Tradingview

A new prediction from crypto commentator BarriC has drawn attention to the long-term future of XRP. According to him, the token’s price has so far only been shaped by altcoin seasons and the four-year cycle, leaving an entirely different scenario still unexplored. He believes that when XRP eventually enters a utility run, its value could rise far beyond the levels seen today, moving to $100 first and finally settling at $1,000. XRP Has Never Experienced A True Utility Run Like many other cryptocurrencies, XRP has been subject to cycles of hype, corrections, and quick inflows of capital. Its rallies in previous bull markets, particularly in 2018, were based largely on investor sentiment rather than on widespread real-world use. However, many crypto analysts have argued that the dynamics of XRP are changing, especially now that the SEC-Ripple lawsuit, which has dragged the natural growth of its price down, has ended. According to BarriC, no cryptocurrency, including XRP, has gone through what he calls a utility run. A “utility run,” as he describes it, would be based on adoption across banking networks, remittance companies, and global payment systems. In such a scenario, XRP would move away from being valued purely as a speculative asset and instead gain a price level backed by constant, large-scale demand for transactions. Furthermore, no data exists to describe what happens when trillions of dollars start flowing directly through XRP. The absence of precedent leaves room for dramatic upside that cannot be measured by prior cycles alone, and the idea is that there’s no way that the XRP price stays between $3 and $4 if millions, billions, and trillions of dollars start flowing through the XRP Ledger. Why $1,000 Is Not Out Of The Question The possibility of XRP reaching well above double digits at $10, triple digits at $100, and four digits at $1,000 has been a well-discussed topic among XRP supporters and critics this cycle. Proponents like BarriC argue that XRP is well on track to reach $1,000 and stabilize above this level. However, critics say this isn’t possible, considering the market cap it would need to achieve this price. Addressing those who argue that XRP can never reach $1,000, BarriC countered by pointing out that such claims are not based on evidence. Since no cryptocurrency has yet experienced a true utility-driven cycle, dismissing four-digit targets for XRP is premature. Once XRP starts to see millions in inflows and becomes the backbone of global financial transactions, then it is entirely possible to reach such levels. “That’s when we see prices for $XRP exceed $100 and settle comfortably at $1,000,” he said. At the time of writing, XRP is trading at $2.97, down by 4.8% in the past 24 hours. Right now, the first thing would be to maintain a position above $3.

Ethereum’s evolution has followed a trajectory many analysts predicted, from a high-growth utility asset powering decentralized applications, to a maturing store of value that institutions and long-term holders are beginning to recognize. How Ethereum Enters Traditional Finance Ethereum’s journey as a store of value has followed a predictable but powerful curve, and ETH’s rise has been less of a surprise than a confirmation of history. Analyst Cas_Abbe has highlighted on X that since the ETH launch in 2015, what began as an experiment among cypherpunks and developers slowly found its footing in ICOs, DAOs, and retail adoption. By 2020, ETH had taken on a far more serious role, serving as the core collateral layer of Defi, drawing in funds, family offices, and crypto-native VCs. Then in 2022 was the year the conversation changed and ETH reached its milestone, of Macro funds, corporates, and eventually ETF issuers. The financial advisors also started to pay attention to ETH, recognizing that its role is extended far beyond utility. Presently, ETFs are live, and large institutions are building positions, pension funds, and global allocators are beginning to engage. According to Cas Abbe, this is the real inflection point, where finance runs on cycles, and history has shown a clear pattern that once pensions and institutions normalize an asset class, central banks are never too far behind. ETH is no longer a niche tech bet; it is evolving into a recognized monetary asset. The curve is slow at first, followed by early adopters, speculative capital, and then institutional adoption. However, the history shows that ETH is now firmly on that trajectory, and the final stages have accelerated rapidly. ETH Becoming The Era Of Tokenized Assets Crypto investor known as Ted on X has mentioned that Ethereum would power the next era of finance, and currently, trillions are flowing through its ecosystem. Institutions are building on it, and ETH has transformed into a yield-bearing reserve asset. The Ethereans have always known that ETH would scale, while rollups have turned congestion into capital, and reliability will matter as nearly a decade online without interruption has proven critical. Transactions are now cheap, measured in mere cents, not dollars, which is allowing value to move globally with efficiency. Everything is becoming tokenized: stablecoins, real-world assets, NFTs, corporate treasuries, it’s all on-chain. ETH is the foundation upon which companies from nimble startups to Fortune 500 giants are building as the default. Decentralization will be valued as a global neutral settlement layer for the world. ETH is no longer just a technological experiment, with companies buying and staking it. Institutions now recognize it as productive collateral. Ethereum is powering the future of finance, and what was once considered a bold prediction has become an inevitability.

The ongoing war in Russia has counterintuitively been one of the most significant bearish catalysts in the black gold– Russia floods the market of Oil to countries like India to sponsor its war, prompting threats from Trump.

 The war may continue despite the Trump-Putin meeting, with Ukrainian President Zelenskyy announcing that it would be "impossible" to concede land, mentioning Crimea. As a matter of fact, Ukraine landed hits on one of the key pipelines taking Russian Oil to Hungary, leaving the Hungarian PM Orbán in fury (He is one of the only pro-Russian leaders in Europe). In the Middle East, on the other hand, Hamas is getting cornered into a ceasefire deal as it fears pressure from Israel to retake complete control of Gaza. 

 We are expecting more headlines on these developments.

 If Iran, which is also selling lots of Oil to sponsor its proxies like Hamas and the Houthis in Yemen, were to reduce supply.

 Let’s have a look at US Oil to spot why these factors coincide with a potential short or long-term bottom in the energy commodity. Read More: Nasdaq and tech sector open the week on cautious footingUS Oil technical analysisUS Oil 8H Chart US Oil 8H Chart, August 18, 2025 – Source: TradingView Looking out to the 8H chart looks at the most recent move down that is finding support at the $62.20 level after forming a double bottom. The 8H RSI is also forming a bullish divergence as prices are now rallying. Let's have a closer look. US Oil 4H Chart US Oil 4H Chart, August 18, 2025 – Source: TradingView Looking closer shows more detail of the ongoing breakout in WTI. The most recent up-move is finding some form of resistance at the 50-period MA but bulls have pushed outside of the downwards hourly channel. You can also look at the 4H RSI confirming the bullish divergence. Bulls are looking to break $64.70 to re-enter the prior month range, point after which the bearish momentum will be absent. Levels to place on your charts for US Oil trading: Resistance Levels 63.84 imminent resistance/pivot (break above = more bullish) at the 4H 50 MA.$66 to $67 Mid-range levelhigh range resistance $67.30 to $68 – Confluence with 50 and 200 Day MAsSupport Levels $62.00 to $63 May Range highs supportWednesday lows $62.19 (current double bottom)$60.5 Low of May Range$55 to $57 2025 lows Main supportUS Oil 1H Chart US Oil 1H Chart, August 18, 2025 – Source: TradingView Since the beginning of the morning session, bears have given up the short-term momentum. Prices are trying to push within the $64 resistance zone, acting as immediate pivot. It will be essential to see how markets react around that zone as it also was a point of breakout during the Israel-Iran tensions. Furthermore, the 200-Hour MA is acting as resistance there, if broken, there won't be much acting as resistance before the middle of the prior month range. ($66 to $67). 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.

Dubbed the Sydney Copper project, Nova Copper (unlisted) and the Assembly of Nova Scotia Mi’kmaw Chiefs signed an agreement last week covering the proposed exploration activity at the project in Cape Breton, N.S. The Assembly signed the memorandum of understanding (MOU) for the exploration and development of the project. The MOU is the foundation for open, good faith dialogue between Nova Copper and Indigenous people and opens the doors for the Mi’kmaq to be involved with the project. It includes Nova Copper’s to undertaking a Two-Eyed Seeing (Etuaptmumk) program to support a greater understanding of the project respecting the traditional knowledge of the Mi’kmaq. “Mining is one of the major employers of Indigenous people across Canada and we want to see that success extend to our Mi’kmaw partners on Unama’ki (Cape Breton) and across Mi’kma’ki. This MOU builds on the positive dialogue we have been pursuing for several years,” said Harry Cabrita, CEO of Nova Copper. The company is relogging historical core, digitizing a 3D model of the historical data, and conducting a baseline water survey. The site has proximity to other established mineral projects and is located in a mining-friendly community with roads. On the project itself, there are 12 km of drill roads. The Sydney project displays gold, molybdenum, silver and rhenium as well as copper. The company plans to complete an inaugural resource estimate and a preliminary economic assessment in the next 24 months. Nova Gold is headquartered in Halifax, N.S. Call 902-333-5305 or email contact@novacopper.ca.

Osisko Development (TSXV, NYSE: ODV) has successfully closed its $203 million bought deal private placement for the Cariboo gold project. The property, 65 km east of Quesnel, British Columbia, is shovel ready. Both an underground mine and a carbon-in-pulp recovery plant are planned. The offering consisted of two parts. First, the company issued approximately 58.6 million units at the issue price for aggregate gross proceeds of $120 million. The second is a non-brokered portion consisting of approximately 40.5 million units for gross proceeds of $85 million. The non-brokered units were largely taken up by Double Zero Capital, a Delaware investment firm, and the units represent about 15.4% of Osisko Development’s issued and outstanding common shares. Each unit consists of one common share and one-half of a share purchase warrant exercisable at $2.56 per share. Certain insiders of Osisko Development subscribed for 628,000 units for gross proceeds of about $1.3 million. Osisko will use the net proceeds of the offering to fund the distributed equity portion of the capital committed to the Cariboo gold mine. In July, the company arranged a $450 million loan credit facility with Appian Capital Advisory. The updated Cariboo feasibility study was released in April 2025. Using a current gold price of $3,300/oz. and a mine life to 12 years, the NPV (at 5% discount) is nearly $2.1 billion and the IRR is 38%. In the updated scenario, the annual gold output would average 193.800 oz. in years four through nine. Proven and probable reserves over all zones are 16.7 million tonnes grading 3.78 g/t gold and containing just over 2 million oz. of gold.

Ethereum has entered a volatile phase after reaching a multi-year high near $4,790, retracing sharply to the $4,200 level. The correction represents an 11% decline in just a few days, shaking out overleveraged positions and fueling debates among analysts about ETH’s next move. Some market watchers warn that Ethereum could face a deeper pullback if the $4,200 level fails to hold as support. A breach here could send ETH lower, with traders eyeing the $3,900–$4,000 zone as the next major demand area. This cautious perspective highlights that momentum may be fading after the strong parabolic rally since mid-July. However, a different narrative is emerging. Many analysts argue that Ethereum has already flushed out excess leverage during this drawdown, setting the stage for renewed strength. With demand from institutional flows, strong ETH ETF inflows, and continued whale accumulation, bullish voices believe ETH is preparing for another leg higher — potentially toward new all-time highs above $4,900. Ethereum Grabs Liquidity At Key Price Level Top analyst Ted Pillows recently shared Ethereum’s liquidity heatmap, highlighting the $4,350 zone as a critical level where major liquidity was taken. According to Pillows, this move will determine whether Ethereum can stabilize and build a stronger base for its next rally. He poses the essential question: Will $4,350 be enough for ETH to hold? In the short term, the $4,350 zone now acts as an important pivot. If ETH maintains this level, it could serve as a launchpad for another push toward $4,800 and eventually beyond $5,000. However, a failure to hold could see price retest deeper supports near $4,000, which would prolong consolidation before any further breakout. Supply on exchanges is declining, signaling strong accumulation and reduced selling pressure. Institutional adoption is rising, with ETFs attracting record inflows and major companies adding ETH to their treasury strategies. Regulatory clarity in the US has improved, easing concerns for large-scale investors and legitimizing ETH as a core asset. With these drivers in place, Pillows and many others believe that Ethereum is on a clear path to set new all-time highs above $5,000, once the current volatility settles. The market may be turbulent in the coming weeks, but the broader trajectory still points higher. Weekly Chart Analysis: Consolidation Below Resistance Ethereum’s weekly chart shows a decisive pullback after touching $4,790, with the price now retracing to around $4,270. The move represents an 11% decline from the recent peak but comes after an explosive rally that pushed ETH above long-term moving averages, highlighting a shift in market momentum. The 50-week moving average sits at $2,811, while the 100-week and 200-week averages are clustered near $2,788 and $2,443, respectively. ETH’s distance above these levels reflects strong bullish momentum, as the asset remains well supported by its higher trend structure. Historically, when Ethereum trades significantly above these averages, corrections tend to be part of a healthy consolidation before resuming upward movement. Long-term investors may interpret the retracement as a reset of overextended conditions, potentially preparing ETH for another leg higher. If Ethereum stabilizes here, a retest of $4,790 and eventual breakout toward new all-time highs above $5,000 remains a plausible scenario in the coming months. Featured image from Dall-E, chart from TradingView

GoviEx Uranium (TSXV: GXU) has entered the Australian capital market by combining with ASX-listed shell company Tombador Iron (ASX: TI1) in a proposed reverse takeover (RTO) that would see GoviEx end up with a new capital structure, investor base and additional cash on hand. Under the RTO arranged on Monday, Tombador would acquire all of GoviEx’s Class A shares, issuing 0.2534 of its own shares for each GoviEx share acquired. Upon completion, existing GoviEx shareholders would own 75% of the combined company, which will be renamed as “Atomic Eagle” listed on the Australian exchange. Compared to GoviEx, Atomic Eagle will have a much tighter share structure, with approximately 345 million outstanding, which the company says is “expected to result in a more efficient float and reduced share price volatility” and would provide “greater flexibility for future capital raises.” By noon Monday, GoviEx traded at a near 52-week low of C$0.055 with a market capitalization of C$56.2 million ($40.7 million). Tombador, which at the moment has no operating mining business and approximately A$10.4 million in cash, will also conduct a financing of at least A$5 million and up to A$10 million. This would bring the combined company’s cash balances to between A$19.4-A$24.4 million. The business combination would also bring on board key personnel of Matador Capital, an early-stage investor in Australia’s Boss Energy and Lotus Resources. Daniel Major, GoviEx’s CEO, will continue to lead Atomic Eagle, joined by a board of seasoned industry professionals that includes Tombador’s executive director Stephen Quantrill and Keith Bowes, former managing director at Lotus Resources. Shareholders of GoviEx will vote on the transaction in a meeting scheduled for October 24. Certain company insiders holding 27.6% of its shares are expected to vote in favour. ‘Transformational’ deal Govind Friedland, GoviEx’s executive chairman, calls the RTO “a transformational transaction” for the company, whose main focus is advancing the Muntanga uranium project in Zambia. “It brings an Australian public listing, a new capital structure, a refreshed board, new substantial shareholders, a cornerstone investor with recent uranium development experience and a strengthened balance sheet,” Friedland said. The combined company will continue with the development of Muntanga, situated in one of the largest and most underexplored sandstone-hosted uranium basins in the world. Earlier this year, GoviEx released a feasibility study that outlined a potential 12-year operation averaging 2.2 million lb. of uranium oxide production per annum, at low operating costs of $32.2/lb. The project’s after-tax net present value is estimated at $243 million, with an internal rate of return of 20.8% and a 3.8-year payback period. “Uranium is growing in importance and prominence in the global transition to clean energy,” Tombador’s Quantrill said, adding that he welcomes the opportunity to work with Friedland and his team alongside the experienced leadership from Matador to realize the potential of the GoviEx projects.

Ethereum’s (ETH) latest price rally has sparked renewed debate over whether the market is nearing a critical turning point. Analysts are looking closely at past cycles for insight, with some suggesting that history may be repeating itself. If the patterns hold true, ETH could be only weeks away from a cycle peak, making this a decisive moment for investors to consider when it might be time to sell everything. Ethereum’s Cycle Top Signals When To Exit Crypto analyst Jackis has shared insights into Ethereum’s recent price movements, indicating when investors should exit the market entirely. In a recent X social media post, the analyst noted that the ETH price action is closely mirroring its behavior from previous market cycles. Looking at the chart, Ethereum had hit one of its major cycle tops in January 2018, followed by another peak in November 2021. Moreover, both instances were preceded by a sharp upward trajectory that culminated in heavy corrections. Jackis also points out that in those earlier cycles, ETH was trading significantly above prior highs before topping out. This time, however, the altcoin has not even broken into a new all-time high yet, although it is currently approaching that critical resistance. Notably, the timing of ETH’s current setup is significant, as the four-year cycle theory suggests that the cryptocurrency could be just four weeks away from a major top. Jackis noted that this window aligns with September, which could serve as a critical moment for investors to reassess risks and consider whether “selling everything” is warranted. The analyst further highlighted that while Ethereum’s structure shows strength, most altcoins are lagging far behind. Cryptocurrencies such as Binance Coin (BNB), XRP, and Dogecoin (DOGE) have already established their tops in 2021 and remain far below those levels. Jackie stated that their price action suggests a market environment more consistent with ETH trading around $2,200, rather than its current level below $4,500. Bitcoin, meanwhile, has continued to march higher since its November 2022 lows, forming higher lows and higher highs in a textbook bull market structure. ETH Panic Selling Or Pre-Breakout Opportunity? In other news, crypto market expert Ether Wizz argues that the current panic selling of Ethereum mirrors the same mistake traders made with Bitcoin in past cycles. At the time, early sellers underestimated the strength of institutional demand and long-term buyers, only to watch BTC surge far beyond expectations. The analyst highlighted a recent rebound in the Ethereum price above the 50-week Simple Moving Average (SMA), which historically has signaled the beginning of explosive rallies. The comparison between Ethereum’s 2025 chart and its 2017 breakout also highlights a similarity. In both cases, the cryptocurrency consolidated, reclaimed its moving average, and then accelerated higher. Notably, Ether Wizz points out that Ethereum could still experience a short-term correction of 5% to 10%. However, he argues it is misguided to assume ETH has already peaked, maintaining instead that the cryptocurrency is in the early stages of a move that could eventually drive its price toward a new all-time high of $10,000.

Critical Metals (Nasdaq: CRML) has returned results as thick as 65 metres grading 0.55% total rare earth oxides (TREO) from surface at Tanbreez, one of the largest undeveloped heavy rare earth deposits outside China. That result in hole DDH-C-24 at the Fjord deposit in southern Greenland is top-tier and important for showing continuity in a bulk target that could support long-life production. The Tanbreez hole included 25.5% heavy rare earth oxides (HREO) and 90 parts per million (ppm) gallium oxide (Ga2O3), an important energy transition metal for its use in semiconductors, LED lights and solar panels. “These incredible results underscore the strategic value of Tanbreez as a rare earth elements and gallium project with scale, grade, and a high proportion of critical heavy rare earths,” Critical Metals CEO and executive chair Tony Sage said in a release on Monday. “With China’s total control over the rare earth market globally, securing sources of these critical minerals has become paramount for US defence capabilities and national security.” Rare earth tailwinds The results come just over a month after the United States’ Department of Defense (DoD) struck a key partnership to spur domestic production of rare earths. The deal with MP Materials (NYSE: MP) made the Pentagon the largest shareholder in MP, which operates the Mountain Pass rare earths mine in California, and set a price floor of $110 per kilogram for neodymium-praseodymium (NdPr) materials. Critical Metals shares fell 6.9% to $5.43 apiece on Monday morning in New York, for a market capitalization of $534.4 million. The stock has traded in a 12-month range of $1.23 to $10.15. While the Tanbreez assay is much less than the 17% TREO surface channels samples found at US Critical Materials’ (OTC: USCMF) Sheep Creek project in Montana or Steenkampskraal Holdings’ 14% TREO in South Africa, it’s in line with bulk, low-to-mid grade, very large-scale rare earth projects such as nearby Kvanefjeldheld by Energy Transition Minerals (ASX: ETM) and Norra Kärr in Sweden held by Leading Edge Materials, TSXV: LEM). High-grade HREO Another noteworthy Tanbreez result, hole DDH-B-24 cut 61.3 metres grading 0.5% TREO, 26% HREO and 100 ppm Ga2O3; while hole DDH-A2-24 intersected 41 metres at 0.52% TREO, 26.9% HREO and 95 ppm Ga2O3. DDH-A1-24 cut 40 metres grading 0.48% TREO, 27.1% HREO and 100 ppm Ga2O3, with mineralization remaining open at the bottom of all holes, the company said. The holes are part of an ongoing resource upgrade program for Fjord, with more than 1,500 metres drilled so far this year and additional assays pending. The project has an estimated net present value of about $3.04 billion (C$4.1 billion) or about $2.8 billion to $3.6 billion at discount rates of 15% and 12.5%, respectively, before tax; with an internal rate of return of 180%, according to a preliminary economic assessment from March. Tanbreez, made up of the Fjord and Hill zone deposits, hosts 25.4 million indicated tonnes grading 0.37% TREO and 19.5 million inferred tonnes at 0.39% TREO.

Most Read: Gold (XAU/USD) Hovers at $3350/oz, Russia-Ukraine Developments in Focus USD/CAD advances in the US session, trading above the 100-day MA as the potential for further gains grows. There are of course headwinds for the pair which could scupper a move higher in the coming days. Geopolitical Risk The important meeting between US President Donald Trump and Russian leader Vladimir Putin in Alaska ended on Friday without any major progress. However, Trump said on Monday that Ukrainian President Volodymyr Zelenskiy could end the war with Russia quickly if he chooses to. Trump, Zelenskiy, and key European leaders are set to meet later today to discuss ending Europe’s deadliest war in 80 years. The move has kept Oil prices on edge of late with WTI trickling lower over the past few trading sessions. Weaker WTI oil prices have weighed on the Canadian Dollar and could aid a move higher for the pair if the decline continues. Bearish FED Outlook Gathers Pace Confidence that the Federal Reserve is ready to cut two or three times this year sees investors happy to remain long risk assets. The increasing probability of rate cuts will also weigh on the US Dollar but for now it appears the Canadian Dollars weakness is overshadowing the US Dollar weakness. This sets the pair up for further gains. Wednesday sees the release of the minutes of the July FOMC meeting, where two dissented for a 25bp rate cut. Of greater interest, however, will be Chair Jerome Powell's speech at the Jackson Hole symposium this Friday afternoon. The Jackson Hole meeting could set the tone for the US Dollar moving forward. Data Ahead Which Could Affect USD/CAD The week ahead brings data from both the US and Canada. The FOMC minutes and the S&P PMI data will be released from the US which could stoke some volatility in the pair. Tuesday will bring Canadian inflation data which is cooler but not quite where the Bank of Canada would like it to be. Canada’s central bank is unlikely to speed up rate cuts as its preferred inflation measure stayed high at 3% in June. The Bank of Canada lowered its policy rate to 2.75% in July but plans to move cautiously due to stubbornly high service prices, tariffs, and weakening demand. This makes the CPI release tomorrow all the more interesting. A drop in inflation could aid USD/CADs move to the upside and facilitate a test of the 200-day MA. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Technical Analysis - USD/CAD From a technical standpoint, USD/CAD is back above the 100-day MA but continues to grind higher. The varying risks for the pair is currently keeping any significant moves at bay but there is a growing probability that further upside may materialize The pair is still showing a bullish trend after pulling back and holding support at a previous resistance level. Looking at the RSI and it is currently hovering around the 60 mark. This is another sign that bullish momentum remains intact. Immediate resistance rests at 1.3860 before the 1.4000 and 200-day MA at 1.4035 comes into focus. A move lower from here may find support at 1.3747 before the most recent swing low at 1.3588 comes into focus. USD/CAD Daily Chart, August 18, 2025 Source: TradingView.com (click to enlarge) Client Sentiment Data - USD/CAD Looking at OANDA client sentiment data and market participants are Short on USD/CAD with 64% of traders net-short. I prefer to take a contrarian view toward crowd sentiment and thus the fact that the majority of traders are net-short suggests that USD/CAD prices could continue to rise in the near-term. 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.