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Most Read: WTI Oil Triangle Break Leaves Oil Vulnerable to Selloff, Trump-Putin Meeting Ahead The dollar dropped for the second day in a row on Wednesday. This came after U.S. inflation data raised hopes for a Federal Reserve rate cut next month, and President Donald Trump's push for lower rates added more pressure on the dollar. As a result the DXY is now trading at its lowest level since July 28, extending losses of 0.5% recorded after the US CPI report. At some point today markets had pricing at around 100% for a 25 bps rate cut at the September meeting, at the time of writing this is hovering around the 9-% mark. Source: LSEG Companies Bearing Costs of Tariffs…For Now Following the inflation report yesterday, one thing has become clear. Sectors most affected by tariffs didn’t show major issues. Core goods, excluding autos, increased by 0.2% in July after a bigger 0.55% rise in June. This suggests that, for now, companies are mostly handling the extra tariff costs. This was confirmed by US Treasury Secretary Scott Bessent today. In Bessent 's own words ‘Chinese exporters are likely to accept lower prices as US importers negotiate over who pays the tariffs. I also think that there are probably a lot of corporate margins that got very fat during Covid, and now we're seeing a return to a normal pre-Covid margin.’ The ISM price data shows there could still be some inflation risk from tariffs. However, yesterday's NFIB survey reveals that small businesses are finding it hard to pass these costs to customers, with fewer firms planning to raise prices in the next three months (down from 32% to 28%). While tariffs may eventually cause prices to rise, at this stage it does not appear like it will lead to long-term inflation pressures. The concerns around tariffs were largely keeping rate cut expectations in check. Now we are seeing aggressive changes with rate cuts being priced in by market participants which is supporting a weaker US Dollar. US PPI Data to Further Cement Rate Cut Expectations? On Thursday, US core PPI inflation is expected to return to 3%, while core CPI inflation was confirmed at 3.1% earlier this week. These inflation rates are likely to increase in the coming months and could easily reach 4%. Despite the outlook for CORE PPI data, this is unlikely to lead to significant changes on the rate cut expectations front. Markets appear to be more concerned with the state of the US jobs market than inflation at this stage. That is not to say that inflation is not a concern, but as mentioned above any uptick in inflation may likely prove short-lived. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) For now though, with rate cuts being touted by the Trump administration and the political narrative for such a move growing, the US Dollar outlook does not look positive. Markets are already concerned about the Fed independence, coupled with the significant job data downgrades, integrity of the data moving forward will also play a role. Technical Analysis - US Dollar Index (DXY) The US Dollar index however, is showing some mixed signals of late despite growing signs that fundamental factors are likely to remain bearish moving forward. As things stand, the bullish move which began from July 1 low at 96.37 remains intact. The DXY is currently testing a trendline which began from the July 1 low lows, with a higher low printed on July 24 now holding the key. I have drawn in an ascending trendline which is currently being tested with a break below this and a daily candle close below the higher low at 97.10 likely leading to further declines for the DXY. If the trendline holds then the longer term descending trendline may come back into play before the previous swing high at 100.25 comes back into focus. Either way, this current test of the trendline and the higher low from July 24 could be a make or break moment for the US Dollar in the short to medium-term. US Dollar Index (DXY) Daily Chart, August 13, 2025 Source:TradingView.com 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.

Solana (SOL) has exploded 12% in the past 24 hours, briefly touching the $200 mark, as a wave of institutional adoption and tokenization milestones supercharge its rally. At the forefront is DeFi Development Corp (DDC), whose aggressive treasury strategy now holds over 1.3 million SOL worth nearly $250 million, earning $63,000 daily in staking rewards. The company’s 10% Annualized Organic Yield (AOY) and validator operations underscore Solana’s staking advantage over non-yielding assets like Bitcoin. In August alone, DDC added 4,500 SOL to its reserves, fueled in part by a $122.5 million convertible debt raise managed by Cantor Fitzgerald. CEO Joseph Onorati noted a 47% rise in the company’s SOL Per Share metric since June, highlighting strong operational growth. Adding to bullish sentiment, CMB International, one of Asia’s largest asset managers, announced the tokenization of its Hong Kong–Singapore Mutual Recognition Fund on Solana via DigiFT and OnChain. Solana ETF Approval Countdown Adds Regulatory Tailwind A major catalyst on the horizon is the potential approval of Solana ETFs within the next two months. Nate Geraci, President of NovaDius Wealth Management, told CNBC that the SEC is considering over 75 crypto ETF applications, with a streamlined approval framework in place for assets like Solana, XRP, and Cardano. Crypto ETFs have already attracted $26 billion in inflows this year, signaling deep investor confidence. If approved, a Solana ETF could open the floodgates for traditional finance capital, potentially accelerating the rally toward—and beyond—$250 Technical Outlook: $250 SOL Target in Play From a technical perspective, SOL has broken above key resistance levels at $185, $190, and $195, with the next critical hurdles at $202–$205. A sustained close above $205 could trigger a short-term surge to $220, while breaking $222 could pave the way toward $244–$250. The MACD remains in bullish territory, the RSI is trending upward without being overbought, and the Chaikin Money Flow has flipped positive, indicating strong buying pressure. Support remains at $194 and $186, with a break below $175 invalidating the current bullish setup. With institutional inflows, real-world asset tokenization, and a looming ETF decision, Solana appears poised for what could be the early stages of a mega rally. Cover image from ChatGPT, SOLUSD chart from Tradingview

Data shows Ethereum sentiment on social media doesn’t lean too bullish right now, something that could pave the way for a continuation in the asset’s rally. Ethereum Positive/Negative Sentiment Still At Muted Levels In a new post on X, analytics firm Santiment has talked about the sentiment around Ethereum that’s present among social media users. The indicator shared by Santiment is the “Positive/Negative Sentiment,” which tells us how the positive and negative comments related to ETH compare against each other on the major social media platforms. The metric separates between the two types of comments by putting users’ posts/threads/messages through a machine-learning model. Once they have been divided, it counts up the number of each and takes the ratio between them. Below is the chart shared by the analytics firm that shows the trend in the Ethereum Positive/Negative Sentiment over the last few months: As displayed in the graph, the Ethereum Positive/Negative Sentiment interestingly witnessed a plunge as the asset’s breakout earlier in the month took place. This would suggest that social media users weren’t convinced by the rally. The continuation in the run since then has meant that the sentiment has improved a bit, but it still remains much lower than the high from last month. Thus, it seems retail is in disbelief, despite the fact that the cryptocurrency is nearing its all-time high (ATH). If the past is anything to go by, this fact could actually be a positive signal for ETH. “Prices historically movein the opposite direction of retail traders’ expectations,” says Santiment. The analytics firm has highlighted in the chart some instances of this trend in action. It would appear that FOMO spikes led to price drops for the asset, while excessive FUD resulted in price rises. “With key stakeholders accumulating loose coins that small ETH traders are willing to part with right now, prices are showing very little sentiment resistance from breaking through and making history in the near future,” explains Santiment. In some other news, the Ethereum Futures Open Interest has shot up alongside the price surge, as analytics firm Glassnode has pointed out in an X post. The Futures Open Interest measures, as its name suggests, the total amount of futures-related positions that are currently open on all centralized derivatives exchanges. From the chart, it’s visible that the metric has climbed beyond the $35.5 billion mark, which is a new record. ETH Price Following a rally of over 7% in the last 24 hours, Ethereum has reached the $4,730 mark, now sitting within touching distance of the ATH.

Norway’s $1.5Tn Government Pension Fund Global, managed by Norges Bank Investment Management (NBIM), now holds indirect exposure to 7,161 BTC, worth about $862.8 million as of June 30, per K33 Research. The position rose 88 percent in six months and 193 percent in a year as the fund increased its stakes in listed companies that hold bitcoin on their balance sheets. MicroStrategy remains the largest channel, with NBIM now owning 1.05% of the firm, up from 0.72% at the end of 2024. Additional exposure runs through Block, Coinbase, Marathon Digital, and Japan’s Metaplanet. Per capita, that’s 1,387 Norwegian kroner of bitcoin exposure for every citizen, meaning index-grade portfolios already carry bitcoin risk without any explicit sovereign mandate. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Norway Crypto Strategy: Mining Limits, Service Potential, Market Gap Highlights Opportunities In June, Oslo signaled a temporary ban on new power-intensive crypto mining data centers to conserve energy for other sectors. Minister for Digitalization Karianne Tung stressed the government’s intent to limit proof-of-work mining, citing high power draw and low local job creation. That restriction narrows Norway’s near-term mining upside. Still, it clarifies a lane for leadership in custody, settlement, regulated market infrastructure, and institutional treasury services, areas where its abundant clean energy, strong rule of law, and conservative risk culture are competitive advantages. And then you have critics like McKinsey’s Martin Bech Holte, who warn the $2Tn oil-funded model has bred complacency, with falling student scores, high sick-leave rates, and a tax regime seen as punishing entrepreneurial success. This matters for crypto: attracting and retaining talent to build high-value blockchain infrastructure will require reversing the current brain drain. DISCOVER: Top Solana Meme Coins to Buy in 2025 High Awareness Bats Against Low Penetration Awareness of crypto in Norway is near-universal at 96%, yet only 11% currently own any, and two-thirds of holders allocate 5% or less of their savings, with most positions under NOK 50,000. DeFi usage is negligible at 6%, and NFT adoption just 1%. The most common reasons for non-ownership are lack of interest, lack of knowledge, and perceived high risk. This cautious profile, coupled with near-total awareness, is a prime setup for the gradual rollout of bank-integrated custody, pension-linked exposure, and tokenized real-world asset pilots. Three moves could position Norway as a global crypto hub: enabling direct sovereign BTC exposure via listed ETPs, building a national custody/settlement stack with clear accounting treatment, and launching tokenized commodity and trade-finance pilots in energy, fisheries, and shipping. With NBIM already owning 1.5% of global equities, Norway can extend its market plumbing dominance into crypto, with low political risk and compounding strategic gain. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Norway Crypto Could Be The Market’s Real Sleeping Giant appeared first on 99Bitcoins.

The recent court ruling on XRP has proven to be more than just a legal win for Ripple. What began as a high-stakes legal battle has evolved into a precedent-setting moment that challenges long-standing interpretations of securities law. The verdict’s effects are now being felt across global markets, forcing institutions to reassess their engagement with digital assets. How The Verdict Sets A Precedent For The Crypto In an X post, John Forster noted that the recent ruling on XRP was more than a legal victory, but a structural shock to the foundations of the financial system’s status quo. The count concluded that XRP is not, in certain contexts, like a security, which has set a legal precedent that could transform how financial infrastructure is built, classified, and regulated. However, this is a precedent with far-reaching implications, and this ruling shifts the legal conversation by elevating functional utility and transactional purpose above the narrow lens of historical fundraising when determining asset classification. According to the expert, this shift threatens to disintermediate entrenched control over payment rails on/off ramps, which have long been a cornerstone of the legacy banking model. From the beginning, XRP was never designed as a speculative asset, but it was built as infrastructure. Furthermore, tokens designed for settlement, liquidity, and operational efficiency can now operate outside Wall Street’s traditional gatekeeping structures. By offering instant settlement, minimal transaction fees, and compliance-grade protocols, XRP has positioned itself as a credible alternative to SWIFT for cross-border payments and liquidity management. In traditional banking, the entities that control the underlying transactional rails effectively dictate the flow of value and hold the strategic high ground. The enforcement action against XRP was less about protecting investors and more about preserving regulatory and institutional dominance over these critical mechanisms of value transfer. If XRP prevails, it would establish a legal and operational framework allowing other utility-focused assets to function without being forced through the choke points of traditional capital markets. Why XRP Is Essential For Scalable Financial Solutions Ripple’s decision to fight stands in contrast to many digital asset firms that have surrendered under the pressure of protracted regulatory litigation. Ripple leadership recognized that a loss in the XRP case would have left every blockchain protocol with true settlement-grade utility exposed to regulatory suppression. With substantial capital reserves and a clear strategic imperative, the company was positioned to challenge the system and defend not only its interests but also create a precedent that could empower the broader digital asset ecosystem. Amidst the legal victory, crypto expert Jack Claver has underscored XRP’s transformative power, stating it is designed to upgrade the existing financial system. While many blockchains focus on string value, XRP is built to enable real-world financial applications, creating a faster, more efficient, and transparent way to move money globally. Therefore, high-performance infrastructure is essential for this vision.

Gold prices inched higher on Wednesday as mild US inflation data cemented expectations for a Federal Reserve rate cut next month and raised the odds of additional monetary easing later this year. Spot gold was up 0.3% at $3,356.98 per ounce by 1:15 p.m. ET, rebounding from a one-week low from the previous session. US gold futures also gained 0.3%, trading at $3,408.20 an ounce in New York. Click on chart for live prices. Meanwhile, the US dollar index hit a more than two-week low, making gold cheaper for overseas buyers. Further supporting bullion, the yield on benchmark 10-year US Treasury note edged lower. “Gold is buoyant on heightened expectations of a September Fed rate cut, following benign CPI data and July’s weak non-farm payrolls,” Nikos Tzabouras, senior market analyst at Tradu.com, said in a note to Reuters. Markets are pricing in a 97% chance of a September Fed cut after mild July inflation data signalled limited pass-through from US President Donald Trump’s sweeping import tariffs, following weak jobs data earlier this month. Investors now await further indicators this week, including the producer price index, weekly jobless claims, and retail sales. “If gold were to take out recent resistance around $3,400, it would likely be driven more by geopolitical developments than by economic data,” Fawad Razaqzada, market analyst at City Index and FOREX.com, added. “While I maintain a bullish long-term outlook on gold, my view for the rest of this year is more cautious. Prices may continue to consolidate or see a mini correction in the coming months as equity markets rally aggressively.” Gold, a traditional safe-haven asset, has risen by nearly 30% this year on heightened geopolitical risks and increased central bank demand. (With files from Reuters)

A growing sentiment in the cryptocurrency community suggests that XRP could be on the verge of becoming the next big crypto asset after Bitcoin. A recent exchange on the social media platform X between investment account Invest In Assets and crypto commentator Jake Claver relayed this sentiment, especially when it comes to selling too soon. The discussion comes when XRP is at its greatest level of support among its supporters, with some predicting it could mirror the meteoric runs made by Bitcoin in previous market cycles. XRP Following In The Footsteps Of Bitcoin The conversation began when an account on X known as “Invest In Assets” advised investors against prematurely selling a big winner. In response, Jake Claver noted Bitcoin’s runs as textbook examples of missed opportunities. Particularly, he noted that the mistake of selling too early happened to many people with Bitcoin, and it will ultimately happen again with XRP. Many traders who were fortunate to invest in Bitcoin very early exited when it started to soar in 2017 and 2021, only to watch prices soar far higher. Now, XRP is being framed as the next potential case study, and many analysts, not only Jake Claver, argue that the psychological trap of early profit-taking could strike again. Adding more weight to this argument is crypto commentator Vincent Van Code’s claim that Bitcoin was only an experiment, while XRP represents the final form of money. According to Van Code, although Bitcoin revolutionized finance by introducing decentralized digital currency with a fixed supply, its slow speed, high transaction costs, and scarcity-focused design ultimately limit its global liquidity potential. XRP, which is engineered for speed, scalability, and cross-border liquidity, offers a far more practical architecture for real-world value transfer. Don’t Sell XRP Too Early The discussions about not selling XRP early have taken strong root among investors looking to position themselves ahead of what could be another run. This ties into a similar admonishment by investor Johnny Crypto, who once revealed his personal perspective of selling too early. Particularly, Johnny Crypto recalled how selling his Amazon stock too early in 1997 cost him $52 million in missed gains, an error he’s determined not to repeat with XRP. He even warned that banks could attempt to seize control of retail crypto holdings within the next year and advised investors to think strategically about asset protection. XRP has already broken above its 2018 peak of $3.40 to register a new all-time high of $3.65 this cycle. However, several technical analyses have predicted the possibility of entering double-digit territory before the end of 2025. Analysts agree that the most important thing is patience, because the biggest mistake XRP holders can make this cycle might be selling before the real rally begins. At the time of writing, XRP is trading at $3.24, up by 3.1% in the past 24 hours.

Mosaic Co. (NYSE: MOS) has agreed to sell its Taquari-Vassouras potash mine in Brazil to VL Mineração for up to $27 million in cash, with the buyer also assuming approximately $22 million in asset retirement obligations. The deal, subject to approval by Brazil’s Administrative Council for Economic Defense (CADE), will be paid in installments: $12 million at closing, $10 million one year later, and $5 million over six years. Mosaic said operations at the Taquari mine require more than $25 million in new capital to remain viable. The company believes the funds could generate better returns if deployed elsewhere in its portfolio. According to Mosaic, VL Mineração has indicated it is prepared to make the investments necessary to extend the life of the Taquari operations. Mosaic shares rose 2.89% Wednesday morning in New York, giving the company a market capitalization of $10.1 billion. Market and tariff headwinds The sale comes as Mosaic grapples with a sharp decline in share price and weaker fertilizer demand across key markets. Shares of the world’s leading producer of phosphate and potash fertilizers dropped as much as 13% on Wednesday, their steepest fall since May 2022, hitting a three-month low. The selloff followed the company’s second-quarter earnings release, which highlighted the impact of US tariffs on phosphate imports. Tariffs have made phosphate purchases costlier, reducing sales volumes in Q2. US imports of phosphate and potash are down about 20% year-to-date, a trend Mosaic expects to continue. Farmers’ nutrient budgets have also tightened as corn and soybean prices fall amid “global trade uncertainty” and expectations for large harvests, said Jenny Wang, Mosaic’s Executive Vice President of Commercial. Mosaic posted an $8 million loss in its phosphate segment for the quarter, as planned maintenance projects to boost production took longer than expected, further squeezing sales volumes.

Swedish company Talga Group (ASX: TLG) has launched Talnode-R, a graphite anode made from recycled lithium-ion battery waste. The innovation aims to strengthen the battery supply chain by reclaiming graphite from gigafactory scrap and end-of-life electric vehicle (EV) batteries. Talga uses a hydrometallurgical process to purify recovered graphite to 99.95%, which matches the performance of new synthetic graphite. Graphite, which can account for up to half the volume of a lithium-ion battery, has long been overlooked by recyclers, who have traditionally focused on cathode metals. With a looming graphite shortfall over the next decade, European self-sufficiency is becoming critical. Chief executive officer Martin Phillips said that Talnode-R complements the company’s high-power natural graphite anode production and enables global expansion through modular technology. Battery recycling market data from market intelligence firm Rho-Motion shows that global lithium-ion battery pre-treatment capacity reached 3.5 million tonnes in the first half of 2025, with graphite making up roughly 10–15% of that mass. Source: Benchmark Rho-Motion recycling report. Available scrap feedstock for recycling rose 40% year-on-year, driven mainly by production scrap, which made up more than half of the increase. Europe’s scrap volume climbed 38%, while North America’s rose 49%. The announcement comes as Europe’s gigafactory capacity scales up. EU demand for graphite anodes is projected to exceed 500,000 tonnes annually by 2030, or 12 times the 2020 figure, up from 30,000 tonnes in 2023. With China controlling about 84% of global graphite processing capacity, each 10,000 tonnes of European-produced graphite could cut the EU’s dependency on foreign critical minerals by 7%. Talga is also advancing its Nunasvaara South graphite mine in northern Sweden.

Yesterday's CPI report fueled even more fire to the ongoing relentless rally in US Equities. Up a respective 46% and 34% from their Liberation Day lows, both the Nasdaq and S&P 500 keep beating expectations. The fundamental background has been solid: Despite trading at high multiples to their EPS, Stock components of the indices have shown more than tenacious results and earnings growth. Supplemented by the ongoing AI Boom that started the rally after the 2022 bear market, Equities are discarding the effect of tariffs (which don't seem to be scaring markets too much anymore), not even counting the pricing of rate cuts, while Participants are increasingly unfazed by the words of the Trump Administration. Read More: Ethereum about $200 from its all-time highs – Technical Outlook With not many bearish catalysts allowing a real correction in Equities, it would be interesting to see if anything can stop the U.S. indices. The answers could be in the past: Too heavy leverage and positioning combined with degrading economic data. We are not in this territory just yet, but after the August 1st NFP report, it is never wrong to be cautious. In the meantime, as traders our job is to look in the present, so let's have a look at both the S&P 500 and Nasdaq to spot where the indices are and where they could be going. S&P 500 Technical OutlookS&P 500 Daily S&P 500 Daily Chart, August 13, 2025 – Source: TradingView The NFP Retracement that marked lows at 6,216 allowed the overbought levels to correct back to neutral making the ongoing rally sound. One thing that bulls will have to be cautious about is the formation of potential bearish divergence with the previous cooldown in momentum, but before any short-term top gets found, it is still not here. Nonetheless, the current course of action is decisively bullish with no bear cnadles closing below the prior bull bar, leaving buyers in immediate control. For immediate bull/bear strength on the daily picture, keep an eye on the 20-Day MA that served as support throughout the entire rally – Currently at 6,359 Markets will still expect the PPI and Retail Sales data releases in tomorrow and Friday's sessions, respectively which may still have an impact on the current strong pricing of a September cut. Having cleared the US CPI and NFP, except for any huge surprise, September is a done deal. S&P 500 1H S&P 500 1H Chart, August 13, 2025 – Source: TradingView The 2-session rally has been more than strong, but some profit-taking is currently ongoing marking intermediate highs at 6,484. Overbought RSI on the 1H timeframe combined with some key fibonnaci extensions from NFP lows have brought some selling, particularly as it combines with the middle of the upwards Channel from may, seen on the daily chart. The price action stays bullish but the immediate correction may look to retest the 50-H MA, currently at 6,420 inside the Pivot Zone. Levels of interest to place on your S&P 500 charts: Resistance Levels 6,484 current daily highs and ATHATH resistance zone between 6,475 to 6,845Potential resistance at 6,539 (1.382 Fib extension)Support Levels End-July Top now Pivot 6,420 to 6,430 (confluence with 1H MA 50)Main support 6,340 +/- 5ptsNFP Lows Mini-Support 43,25043,000 Main Support ZoneNasdaq Technical OutlookNasdaq Daily Nasdaq Daily Chart, August 13, 2025 – Source: TradingView The picture is very similar for the Nasdaq, except that its even sharper rebound already took it to a test of the higher bound of its Daily ascending Channel. The daily session for the NQ is more mixed due to the technical resistance, but the story is the same as for the Spoose. Momentum is very strong and except for any major surprise in upcoming data, the path should be to the upside as participants seem to discard the tariffs and Trump policies. Do keep in mind that the top of the channel may bring some consolidation/profit-taking. Buyers will have to monitor the potential formation of a bearish divergence with the same aspect as the S&P 500. Nasdaq 1H Nasdaq 1H Chart, August 13, 2025 – Source: TradingView Once again, the picture is pretty similar to the S&P 500 except for the CPI rally taking the index to the top of its ascending channel. It will be key to see the weekly close for future action but for now, momentum is cooling back down to neutral after topping in overbought levels. Resistance Levels Top of Ascending Channel and Daily resistance 24,000 to 24,100Daily highs and ATH 23,986Potential resistance at 6,539 (1.382 Fib extension)Support Levels 23,732 NFP highs, current Pivot Zone (confluence with 1H MA 50)23,500 Support23,150 Main Support Zone 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.

Results from NexMetals Mining’s (TSXV, NASDAQ: NEXM) Selebi North project in eastern Botswana have extended the South Limb’s mineralization by 35% beyond last year’s resource estimate. Shares of the company rose. Hole SNUG-25-186 cut 16.25 metres grading 1.13% copper and 0.94% nickel from 895 metres depth, NexMetals reported Wednesday. The intercept included 10.45 metres at 1.62% copper and 1.24% nickel, and 6.45 metres grading 2.3% copper and 1.44% nickel. “The continued extension of high-grade copper and nickel mineralization at Selebi North is a significant step in the right direction, highlighting how much potential was previously undefined,” NexMetals CEO Morgan Lekstrom said in a release. “The results today reinforce our growing confidence and support our strategy of driving additional value through targeted drilling, unlocking the full potential of this asset.” Summer tailwinds The results extend a productive summer for NexMetals, whose stock started trading on the Nasdaq in mid-July. A day later, the company received a letter of interest from the Export-Import Bank of the United States (EXIM) for a potential loan of $150 million to support the redevelopment of its past-producing Selebi and Selkirk nickel-copper mines in Botswana. The listing follows a $36 million investment into NexMetals predecessor Premium Resources six months ago by investors such as mining entrepreneur Frank Giustra and his Fiore Group. NexMetals shares gained 9% to C$7.38 apiece on Wednesday morning in Toronto, for a market capitalization of C$156.58 million. The stock has traded in a 12-month range of C$4.90 to C$17. Mineralization extends down The holes SNUG-25-184 and SNUG-25-186 extended mineralization 315 metres down-plunge past the 2024 resource, which has a 990-metre down-plunge extent, NexMetals said. SNUG-25-186 builds on the strength of SNUG-25-184 in the South Limb, which cut 13.5 metres at 1.13% copper and 1.24% nickel, as reported in June. Large resource The Selebi North site hosts 3 million indicated tonnes grading 0.9% copper and 0.98% nickel for 27,000 tonnes contained copper and 29,000 tonnes nickel, according to an initial resource released almost one year ago. Inferred resources total 5.83 million tonnes grading 0.90% copper and 1.07% nickel for 52,000 tonnes contained copper and 62,000 tonnes nickel. The adjacent Selebi Main deposit hosts 18.9 million inferred tonnes grading 1.69% copper and 0.88% nickel for 319,000 tonnes contained copper and 165,00 tonnes of nickel. The Selebi Main mine started production in 1980. Both it and Selebi North – which is located about 410 km north of the nation’s capital, Gaborone – were shuttered in 2016 due to a failure in the processing facility. Selkirk, about 75 km north of Selebi North, hosts an inferred resource of 44.2 million tonnes grading 0.24% nickel, 0.30% copper, 0.55 gram palladium and 0.12 gram platinum. Its mining licence covers 14.6 sq. km, plus four prospecting licences covering 126.7 sq. km.

Eco Oro Minerals (CSE: EOM) is seeking an annulment of a recent tribunal ruling that awarded the company no damages in its arbitration case against the Republic of Colombia over the loss of its mining concessions. In 2012, Colombia’s national mining agency decided not to renew most of the mining concessions held by the company at its Angostura gold property in Santander province due to environmental concerns. The decision was also backed by a constitutional court ruling. According to Colombian authorities, the main deposit at Angostura is located in an area called the Santurban páramo that is protected under law. Eco Oro in 2016 proceeded to fight the decision by bringing the case to the International Centre for Settlement of Investment Disputes (ICSID), arguing that the Colombian government restrictions amounted to an indirect expropriation of its investment. The World Bank tribunal acknowledged in 2021 that the Colombian government had violated its free trade agreement with Canada with respect to its treatment of Eco Oro’s Angostura project, but requested further information before deciding on the potential damages. Eco Oro had been seeking as much as $764 million in damages in the arbitration, stating that it had already invested $250 million and been working on the project since the late 1990s. The company, formerly known as Greystar Resources, has no other mining projects. No damage ruling On July 15, 2025, the ICSID issued a ruling that awarded no damages to the company, a decision which the company says is “internally contradictory and disregards the evidentiary record.” In response, Eco Oro has applied for an annulment of this ruling. The application will be reviewed by a three-member ad hoc committee appointed by the chairman of the ICSID administrative council. The annulment proceeding, the company says, is anticipated to take approximately 18 to 36 months from the date of registration. To fund the arbitration efforts and fund ongoing operations, Eco Oro has arranged a $4.5 million financing backstopped by GrayWolfe Capital and other investors.

According to CoinGlass and market reports, Dogecoin’s futures open interest breached the $3 billion barrier as traders piled back into the memecoin on August 12. The token climbed to $0.25 that day, and traders recorded a one-day gain of 4.10% while market capitalization rose nearly 4%. Short bursts of buying pushed derivatives exposure higher, and that helped push DOGE back into headlines. Open Interest Breaks $3 Billion Reports have disclosed that futures traders committed roughly 14.4 billion DOGE into positions over a single day — a figure that lines up with the $3.41 billion open interest reading when priced near $0.25. That number is striking because it means a huge amount of DOGE is sitting in unsettled contracts, not just spot wallets. Some traders see this as a sign of renewed confidence. Bullish Bets And Some Caution Rising open interest alongside a rising price often shows new money is coming in, and that is what many market watchers are pointing to now. At the same time, derivatives volume on some platforms has not kept pace with OI, which can make the move fragile if momentum fades or if a large position reverses. Reports from exchange data show futures volume dipped while OI climbed, suggesting more traders are holding positions rather than actively rotating them. That dynamic raises the chance of sharp moves if sentiment flips. Analyst Targets And Market Signals According to crypto analyst Ali Martinez, Dogecoin is forming a bullish flag on the hourly chart with a target set at $0.27, a view he shared publicly on X. Other market voices have pointed out that a clean break and higher trading volume would be needed to make that target more likely. What Traders Should Watch Next Based on data, keep an eye on funding rates, options flow, and whether futures volume begins to climb with open interest. Funding rate trends will show whether longs are paying to hold positions, and sudden spikes in liquidations can force quick reversals. Bitcoin’s moves should also be on the radar; memecoins tend to follow the big market swings. If price and OI both keep rising with stronger volume, the bullish case gains some weight. If OI rises while volume falls, the move looks more brittle. Dogecoin’s jump to about $3.41 billion in open interest and the commitment of roughly 14.41 billion DOGE into futures point to renewed trader interest. Featured image from Unsplash, chart from TradingView

In the shadow of Quebec’s Abitibi Greenstone Belt, just west of Val-d’Or, lies a mine that built an empire, LaRonde. To the casual observer, it looks like any other shaft: headframes, processing plants, and tailings ponds. But in Canadian mining, LaRonde is more than infrastructure. It’s where persistence, risk, and geology combined to shape a company. The humble beginnings: Dumagami days Before it became LaRonde, the site was known as Dumagami, a modest underground operation that few believed could be a major producer. The mineralization was promising, but the complexity kept larger players away. By the late 1980s, under General Manager Ebe Scherkus, Dumagami poured its first gold. Agnico Eagle, then a small company with limited resources, moved to secure full ownership. Among those pushing the decision was Sean Boyd, then a young CFO, who saw value others missed. Boldness, not caution, shaped Agnico. Dumagami was its trial by fire. Trusting the rock and each other The early years were, quite literally, rocky. Development at depth brought ventilation challenges, rising rock temperatures, and unpredictable ground conditions. Boyd doesn’t recount those days with regret, but with respect for what they demanded of the team. “Early on, LaRonde was a challenging asset,” Boyd would later recall. “But great people and a strong culture carried us through. We took calculated risks, trusted each other, and stayed focused on our strengths.” — Sean Boyd, 2025 Hall of Fame Interview That trust, both in the ore body and in the people extracting it, became Agnico’s trademark. Sean Boyd on stage at the Canadian Mining Hall of Fame. (Credit: Colin McClelland.) Going deep: The Penna shaft gamble By the mid-1990s, with promising geology and a willingness to think big, Agnico committed to building the Penna Shaft. At over three kilometers straight down, it would become the deepest single-lift shaft in the Western Hemisphere. Sinking it through Quebec’s hard Archean rock, with no guarantee of payoff, was an audacious move for a company of Agnico’s size at the time. But this was Boyd’s philosophy in practice: if you believe in the geology, you commit. The gamble paid off. By the early 2000s, LaRonde was delivering more than gold. Silver, zinc, and copper by-products helped drive down cash costs, making LaRonde one of the lowest-cost gold mines in Canada at the time. Those by-product credits, often overlooked in other operations gave Agnico financial breathing room and the capital to think beyond Quebec. The LaRonde Complex’s Penna Shaft is the deepest single-lift shaft in the Western Hemisphere. (Image courtesy of Agnico Eagle | X Feed.) The mid-depth struggle Even LaRonde’s best years came with their share of headaches. As mining went deeper, rock stress increased and infrastructure upgrades became critical. In the early 2010s, ore flow bottlenecks slowed progress. Boyd addressed the setbacks directly, with characteristic candor: “We did have some issues around one of our mining blocks … which caused us to just slow down the development of Level 215,” he told investors in 2012. “But we are getting the grade… Our grade profile is likely going to go up roughly 3.5 g/t in ’14 … and in ’15, we expect to be a little over 4 g/t.” — Sean Boyd, Q4 2012 earnings call For Agnico, these weren’t failures, they were part of the process. The ore was still there. The grades were improving. The mission was to adjust, optimize, and keep moving. From flagship to complex LaRonde didn’t stay a single-mine operation for long. In 2003, Agnico acquired a nearby deposit what would later be known as LaRonde Zone 5. At first, it was a modest satellite. But by 2018, it was feeding ore into LaRonde’s mill, extending the complex’s life and boosting production. Team standing at LaRonde Zone 5. (Image courtesy of Agnico Eagle.) Meanwhile, Agnico invested heavily in cooling systems to manage extreme underground temperatures sometimes exceeding 30°C at depth and automation technology to improve safety and productivity. The transformation was complete: LaRonde had evolved from a challenging underground project into one of the most sophisticated underground mining complexes in the Western Hemisphere. Impact beyond Quebec The financial impact of LaRonde cannot be overstated. For decades, it generated the cash flow that fuelled Agnico’s expansion, including mines in Nunavut, Finland and Mexico. It also paved the way for the company’s merger with Kirkland Lake Gold. Every new project had LaRonde’s fingerprints on it funded, in part, by the steady stream of gold and by-products pulled from its deep veins. Meadowbank gold mine. (Image courtesy of Agnico Eagle | Flickr.) To date, the LaRonde complex had produced more than 8 million ounces of gold and remains a cornerstone of Agnico’s production profile, its workforce and identity. The technical edge Part of LaRonde’s legacy lies in its technical accomplishments. Few mines operate at such depth with the level of efficiency Agnico has achieved. The Penna Shaft’s design allows for rapid hoisting of ore, waste, and personnel from extreme depths. A network of underground conveyors, crushers, and ventilation systems keeps the operation moving. Its success also proved that deep mining in the Abitibi could be economically viable, reshaping exploration strategies for the entire belt. Gold, grit, and the making of a giant To most, LaRonde is just another dot on the mining map. To Sean Boyd, it’s something more as he recently told me: “Although challenging it really is an incredible deposit and world class mine. But what makes LaRonde truly special is the quality and resiliency of the workforce and the fact that it has developed so many exceptional leaders for Agnico Eagle.” That ethos, the willingness to tackle hard projects, trust the team, and stay the course, did more than build one of the deepest gold mines on Earth. It built a company. It built Agnico Eagle. Alex Deluce is the founder of Gold Telegraph, an online news site covering gold, mining, and global economic trends. He has spent over a decade analyzing precious metals and interviewing key figures in finance and mining.

Silver is set to benefit from the underlying strength in the gold market in the coming years, says HSBC, as it lifts its price outlook for the white-colored metal from 2025 to 2027. Gold has been one of this year’s top-performing commodities, rising by nearly 30% to date. In April, at the height of a full-blown global trade war, it hit a record high of $3,500/oz. as investors rushed to the safe-haven metal. As a cheaper alternative to gold, silver also saw a substantial rally, with gains even surpassing that of gold. Momentum in silver picked up especially in the month of June, during which it spiked to levels not seen since 2011. Click on chart for live prices. This rally, according to HSBC’s analysts, is due more to the metal’s relationship with gold than underlying fundamentals, as record-high gold prices a exerting a “strong gravitational pull” on its sister metal. Silver outlook Given the potential for further tailwinds this year, such as a US interest rate cut in September, the bank has raised its 2025 outlook for silver to $35.14/oz., up from $30.28/oz. previously. It also gave similar increases to the 2026 and 2027 forecasts, at $33.96/oz. and $31.79/oz. respectively. While industrial demand for silver is set to ease in 2025 after four years of record-high growth, HSBC said the decline would likely be limited, and demand will pick up again in 2026 from key sectors such as the photovoltaic industry and electronics. However, jewellery and silverware demand is likely to weaken further due to high prices, while coin and bar demand has been undercut by previous robust purchases and high prices, the bank added. On the supply side, HSBC expects global mine output to keep rising at a modest pace to bring the global market deficit down. According to bank’s supply-demand model, while the silver deficit is likely to widen in 2025 to 206 million oz. from 167 million oz. last year, that is likely to shrink to 126 million oz. the year after.

Ethereum has surged to multi-year highs around $4,700, marking its strongest level since November 2021 and putting it within striking distance of its all-time high near $4,860. The rally has placed ETH on the verge of a price discovery phase, something the market hasn’t experienced in years. If bulls manage to push decisively beyond this key resistance, Ethereum could enter uncharted territory, with momentum potentially accelerating as traders and institutions pile in. Fueling this bullish scenario is data from CryptoQuant showing Ethereum’s 30-day Simple Moving Average (SMA30) for exchange netflows at -40,000 ETH. This sustained negative reading means that, on average, 40,000 ETH per day have been withdrawn from exchanges over the past month. Negative netflows indicate stronger buying pressure, as tokens moved off exchanges are typically held in private wallets or deployed in staking and DeFi protocols — reducing the immediate sell-side supply. The combination of a historically tight supply, strong on-chain accumulation, and technical strength near all-time highs has set the stage for a pivotal breakout. For traders, the coming sessions could determine whether Ethereum cements its status as the market leader in this cycle, or if it will face another round of consolidation before making its move into price discovery. Ethereum Exchange Outflows Signal Strong Buying Pressure According to top analyst Burak Kesmeci, Ethereum has seen 1.2 million ETH withdrawn from exchanges in just one month, marking one of the most significant accumulation trends in recent history. While headlines often highlight single-day spikes — like “100,000 ETH withdrawn from exchanges!” — Kesmeci stresses that these snapshots can be misleading. The real insight comes from observing sustained trends over time. The Ethereum All Exchanges Netflow metric tracks the balance of inflows and outflows across all exchanges. Positive values represent ETH inflows, which can signal potential selling pressure as coins move onto exchanges. Negative values represent outflows, typically a sign that buying pressure dominates, as investors transfer coins to private wallets, staking contracts, or DeFi protocols. In 2025, the SMA30 (30-day Simple Moving Average) of netflows has been firmly in negative territory, strengthening in recent weeks. As of August 12, 2025, the SMA30 stands at -40,000 ETH, meaning an average daily outflow of 40,000 ETH over the past month. This level of sustained withdrawal indicates strong conviction among holders. As long as the SMA30 remains negative, Ethereum’s uptrend is likely to continue. A shift to positive territory could signal easing demand, but for now, the momentum remains firmly with the bulls. This trend reinforces the view that ETH’s rally still has room to run in the short term. Price Action Details: Closing In On All-Time Highs Ethereum (ETH) is trading at $4,691 on the weekly chart, posting a sharp 10.34% gain as bullish momentum accelerates. This rally has pushed ETH to its highest level since November 2021, bringing it within reach of its all-time high near $4,860. The breakout from the $3,860 resistance zone earlier this month was decisive, supported by strong volume, and now serves as a key support level. Technical indicators show ETH well above its 50-week SMA ($2,776), 100-week SMA ($2,763), and 200-week SMA ($2,443), confirming a robust long-term uptrend. The slope of the 50-week SMA is turning sharply upward, reflecting the speed of recent gains. If bulls can maintain momentum and break through $4,860, ETH would enter price discovery for the first time in nearly four years, potentially triggering an acceleration in buying activity. However, the $4,700–$4,860 range remains a historically significant resistance zone, and profit-taking could cause short-term pullbacks. Featured image from Dall-E, chart from TradingView

Ethereum had been the missing piece in this all-around digital assets rally – The first run to $100,000 for Bitcoin had isolated the largest crypto at top, leaving Crypto aficionados on the waiting lines. On the other hand, when Ethereum shines, the whole altcoin Market follows: with Ethereum just crossing above $4,700 (!!!), Solana is back to $200, BNB is now worth more than Nike and XRP is also just $0.40. from its ATH. Simple reminder that ETH was trading between $1,300 to $1,800 for a two-week period after Liberation Day (in April 2025) – While the US Indices like the Nasdaq are up 46% (still impressive to say the least), Ethereum is currently up 234% since its lows. One of the lessons of the story is to not forget the top assets of any asset class when Markets get scared – This is where the best bargains are made. On the other hand, it may also happen that as an investor, you catch a falling knife that never recovers – But luckily for Ethereum, that is far from the case. Crypto traders had seen Solana outperform due to its cheaper and efficient blockchain throughout the end of 2024, but since, Ethereum still shined from its nº2 status particularly as its ETFs started to be launched. Let's take a look at Ether's technical analysis, starting from higher timeframes to spot where we are. Read More: Nikkei Tops 43000, US Dollar Slips to Two-Week Lows, FTSE 100 Retreats from ATHEthereum Weekly Chart ETH Weekly chart, August 13, 2025 – Source: TradingView On this chart spanning all the way to the 2021 Bull Cycle, we see how close current trading is from the ETH all-time highs. Momentum is ridiculously strong, with prices on their way to overbought on the Weekly timeframe – Overbought doesn't mean top by the way – if you look at Equity markets for example: Markets can keep rallying for a while before they see a correction. The current weekly candle is blasting through the $4,000 level, leaving the previous all-time high resistance zone acting as lone hurdle to new highs. Some profit-taking may happen around previous ATHs, nevertheless, except for anything major happening, it is rare to see such price action top in an instant. Looking at a Fibonacci extension of the 2024 move higher, we look at $5,200 and $6,000 being some potential key levels of interest in the event of new highs. ETH Daily Chart ETH Daily chart, August 13, 2025 – Source: TradingView Looking closer doesn't help much to see many hurdles to the ongoing squeeze in Ethereum. It seems that players really had left ETH on the sidelines too much and are now rushing to get their piece. Explosive moves can see explosive tops, but except for a divergence potentially forming, sellers are for now nonexistent. It will be essential to track the trading towards the 2021 All-time highs to see how markets react, time will tell when we get there. ETH 4H Chart ETH 4H Chart, August 13, 2025 – Source: TradingView Looking even closer, we spot a few levels of interest where markets could see some reaction. there is some small ongoing selling at 2021 levels of interest (look at the dotted lines on the chart) but for now it is nothing major. Sentiment is more than euphoric, but this may keep on going for a while before it cools down. Levels of interest for ETH trading: Support Levels: $3,500 Support Zone$4,000 Main Pivot$4,200 consolidation ZoneResistance Levels: $4,772 2021 intermediate top$4,700 to $4,900 All-time high resistance zone$4,870 2021 record. Safe Trades! PS: Hope you had read this piece I wrote in the beginning of June. Don't be afraid of a missed opportunity, there will always be more – Make sure that your risk is in control! 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.

Crypto analyst KrissPax has made a case for why the Dogecoin price could still reach the psychological $1 level based on the 4-year cycle. Analysts like Kevin Capital have also declared that DOGE’s best move is still ahead. Why The Dogecoin Price Can Still Reach $1 In an X post, KrissPax alluded to the 4-year cycle to prove why the Dogecoin price can still reach $1. He stated that meme coin has throughout its history shown patterns that reinforce these cycles of crypto trading. The analyst added that from bear markets to bull runs and blow-off tops, DOGE has repeated these movements, which indicate that a parabolic rally is going to happen this fall. In line with this, KrissPax remarked that the Dogecoin price could reach $1 if it follows the white upward sloping resistance, which he highlighted on his accompanying chart. Furthermore, he stated that if DOGE follows the blue arc from 2017, which supports the theory that the gains will be less each cycle with a larger market cap, then it could reach as high as $2 this cycle. The Dogecoin price is currently enjoying another uptrend after dropping below the psychological $0.2 level during the last market correction. DOGE is up over 17% in the last seven days and is now looking to reclaim its previous local high of around $0.26. Crypto analyst Ali Martinez has predicted that it would happen soon. In an X post, Martinez said that the Dogecoin price is targeting $0.27 as it forms a bullish flag on the hourly chart. Crypto analyst Trader Tardigrade also highlighted a bull flag breakout for DOGE on the 4-hour chart and stated that the meme coin is now targeting $0.295. Like KrissPax, Trader Tardigrade also indicated that the meme coin could reach the $1 price level at some point. He revealed that the Dogecoin price had confirmed a bullish crossover on the daily chart. The analyst further remarked that a decent surge could occur at this point. His accompanying chart showed that $1 was the target. The Best Is Yet To Come For DOGE In an X post, crypto analyst Kevin Capital indicated that the best is yet to come for the Dogecoin price. He stated that all monthly momentum, strength, and sentiment indicators on DOGE show that investors have not yet seen what the foremost meme coin is capable of. He noted that this is similar to many other altcoins. Kevin Capital further remarked that if all stays steady with the macro and the Bitcoin price holds up, then the Dogecoin price’s biggest move is likely still ahead. The Fed is expected to cut rates in September, which is a positive for DOGE, as it could inject more liquidity into the meme coin. At the time of writing, the Dogecoin price is trading at around $0.2362, up over 2% in the last 24 hours, according to data from CoinMarketCap.

Bitget’s recent survey has revealed that cryptocurrency is moving from investment portfolios to real-world spending quickly. A strong majority of European crypto users are now willing to fund their holidays using digital assets. Bitget’s study, which polled over 3000 European users, throws light on the demand drivers behind crypto-powered travel. Apparently, 85.32% of respondents used crypto to book travel or are actively considering it. Interestingly, the top intended uses for crypto now includes daily expenses, accommodation and transport. This reflects a growing comfort with use of crypto across the travel lifecycle. Commenting on the findings, Gracy Chen, CEO at Bitget, said, “Crypto users are not just looking to hold digital assets; they actively seek practical applications, especially for something as universal as travel. The increasing demand, coupled with rapid advancements in infrastructure and payment solutions, reinforces our belief that cryptocurrencies are poised to become an integral part of everyday life.” source: Bitget survey Explore: Top 20 Crypto to Buy in August 2025 Stablecoins Lead As Preferred Payment Asset For European Travelers The report revealed that stablecoins lead as the preferred payment asset, followed by Bitcoin. However, certain barriers like limited acceptance by travel providers persist. 91% still believe paying for holidays with crypto will get easier in the next few years. So, what are the main motivations for using crypto while traveling? One can avoid foreign exchange fees, experience faster transactions while privacy and anonymity remains intact. The study said, “Beyond financial efficiency, the desire for privacy and anonymity also emerges as an important factor (42.96%). This sentiment is particularly strong in certain regions, with 44% of German and 51% of Polish respondents specifically favoring this reason. Meanwhile, in Italy, 46% of users are primarily driven by an overarching interest in new technologies, showcasing a broader embrace of innovation as a catalyst for crypto adoption in their travel habits.” Let’s talk about generational preferences. GenZ strongly prioritizes low fees, while GenX places greater emphasis on loyalty programs and the ability to pay in remote areas. Chen added, “At Bitget, we are committed to building the tools and ecosystem that bridge the gap between digital assets and real-world utility, making daily activities like travelling more accessible, efficient, and secure for everyone.” DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Key Takeaways Confidence in crypto’s travel utility is strong: an overwhelming 91% of surveyed users believe paying with crypto for holidays will become easier in the coming years. Apparently, 85.32% of respondents used crypto to book travel or are actively considering it. Interestingly, the top intended uses for crypto now includes daily expenses, accommodation and transport. The post European Travelers Embrace Crypto: Bitget Survey Finds 85% Ready To Spend Crypto On Holidays appeared first on 99Bitcoins.

Bitcoin or BTC dominance has dipped below 60 percent, a level not seen since early 2023. This drop usually precedes an altcoin rally or bull run akin to the 2021 surge. As capital rotates from the king to riskier assets, Ethereum leads the charge, climbing near its all-time high amid strong ETF inflows and network upgrades. This drop is also aligning with market optimism, fueled by the anticipated Fed’s rate cuts and institutional buying spree. (BTC.D) Dominance Has Dropped, Alts Have Been Outperforming BTC Ethereum stands out against Bitcoin, with ETH/BTC pair gaining 8.4 percent in the 24 hours, pushing Ethereum to $4,700 while Bitcoin consolidates around $119,000. EthereumPriceMarket CapETH$568.92B24h7d30d1yAll time Solana follows suit, up 11 percent versus Bitcoin and trading at $200. Cardano and Chainlink also shine, with ADA up 8 percent and LINK surging 12 percent against BTC amid the dropping Bitcoin dominance. On the other hand, XRP adds 5 percent, buoyed by post-lawsuit clarity, while Dogecoin gains 7 percent with social media buzz. Pepe exemplifies high-volatility plays, jumping 18 to 28 percent versus Bitcoin, as the meme and AI sectors average 20 to 30 percent daily gains. XRPPriceMarket CapXRP$194.63B24h7d30d1yAll time Overall, altcoins show 20 to 30 percent sector-wide outperformance, with derivatives and fan tokens leading at 30 percent plus, showing an early rotation from Bitcoin. TOTAL3, the market cap excluding Bitcoin and Ethereum, also proves this momentum, up 5 to 8 percent daily and 15 percent monthly, holding an upward channel with support at $800 billion. (TOTAL3) Historical mirrors to 2021, when BTC dominance fell to 38 percent and altcoins exploded 10x to 50x. Confirmation will require weekly closes below 59.8 percent, unlocking a full-blown bull run in alts over one to two months. Once dominance slides to 55 to 57 percent, expect 10x gains in some projects. Be Ready. EXPLORE: Best New Cryptocurrencies to Invest in 2025 as BTC Dominance Drops There are no live updates available yet. Please check back soon! The post [LIVE] BTC Dominance Drop Under 60%: Crypto Expecting A Massive Rally Mirroring 2021 appeared first on 99Bitcoins.

Bitcoin is once again challenging the $120,000 resistance level after a stretch of massive volatility for BTC and strong performance from altcoins. While the flagship cryptocurrency has yet to decisively break above its current range resistance, Ethereum has been leading the broader market with an impressive uptrend since April, gaining over 230% and drawing strong institutional interest. The battle at $120K comes amid shifting sentiment in the derivatives market. Data from CryptoQuant shows that in August, the Bitcoin Futures Power index dropped to the zero mark, ending a series of positive readings that had previously accompanied BTC’s rally. According to top analyst Axel Adler, this index, which measures the combined influence of open interest, funding rates, and taker order imbalances, reflects the cooling momentum in the futures market. The next move could be pivotal, as Bitcoin’s ability—or failure—to push through $120K will likely set the tone for the remainder of the quarter, especially as altcoins continue to show signs of strength and sector rotation intensifies. Neutral Futures Index Raises Odds Of BTC Cooldown Adler notes that Bitcoin’s current positioning near its all-time high comes with a notable shift in derivatives sentiment. Adler warns that when the Bitcoin Futures Power index transitions from neutral into negative territory, it has historically coincided with market corrections. With BTC still holding close to record levels, the current reading increases the probability of such a shift. The broader market remains hot, fueled by significant capital inflows and heightened trading activity. However, some analysts are beginning to speculate that Bitcoin could face a short-term cooldown as momentum moderates and the derivatives market signals caution. While spot prices have been resilient, the loss of clear bullish signals in futures data has traders watching closely for signs of waning demand. At the same time, Ethereum’s explosive rally—up over 200% since April—has shifted market dynamics into a new phase where leadership is no longer solely dictated by Bitcoin. ETH’s strong fundamentals, reduced exchange supply, and institutional accumulation have drawn capital and attention away from BTC, creating a more balanced market structure. This diversification of momentum could mean that even if Bitcoin stalls, the overall crypto market retains bullish energy driven by large-cap altcoins. Bitcoin Price Analysis: Approaching Critical Level On the 4-hour chart, Bitcoin (BTC) is trading at $119,967, posting a modest gain of 0.34% as it approaches the critical $120,000 resistance level. The recent rally has brought BTC closer to the all-time high of $123,217, which remains a significant hurdle for bulls to clear. Price action shows a strong recovery from early August lows near $114,000, with BTC now trading above its key moving averages — the 50 SMA ($117,269), 100 SMA ($116,893), and 200 SMA ($117,475). This alignment indicates a bullish short-term structure, with the moving averages potentially acting as dynamic support if a pullback occurs. The market is currently consolidating just below resistance, suggesting a potential breakout attempt if buying momentum strengthens. However, the repeated rejections near $123K in recent months highlight the importance of this zone as a major supply area. A decisive close above $123,217 would likely trigger momentum buying and open the path toward new price discovery. Conversely, failure to break higher could lead to a retracement toward the $117K support cluster, where the 50, 100, and 200 SMAs converge. Featured image from Dall-E, chart from TradingView

Bitcoin may be setting up for another major push toward six-figure prices after reclaiming a key bullish pattern and ending a period of repeated downside deviations. According to well-known crypto analyst Rekt Capital, the recent move puts BTC back in position to aim for the $160,000 target, provided it can hold a crucial support level and break through evolving resistance. While short-term pullbacks are still possible, the broader technical picture remains intact. Historical price behavior suggests Bitcoin is still in a strong upward trend, but time and price pressures could soon force a decision point for the market. Bitcoin Bull Flag Breakout Revives Long-Term Bullish Outlook Rekt Capital’s latest analysis highlights that Bitcoin not only reclaimed its Bull Flag pattern but has positioned itself above it. This is an essential shift because a few weeks ago, BTC failed to confirm its breakout when it couldn’t hold the Bull Flag top. That earlier miss left the pattern unresolved and kept the market uncertain about the next big move. By holding the $119,000 level as new support, BTC can confirm the breakout and solidify the foundation for a rally. The analyst cautions that the price could still dip back into the pattern temporarily, but as long as $119,000 holds, the bullish structure remains in play. Ending the recent downside deviation adds to the optimism. Several sharp deviations from bullish structures have marked this cycle, but reclaiming and holding above the Bull Flag shows renewed strength from buyers. For long-term bulls, this could be the technical reset needed to keep the $160,000 target alive. Key Resistance Levels That Stand Between BTC And $160,000 Despite a recent -9% dip, Bitcoin remains in what Rekt Capital calls “Price Discovery Uptrend 2.” This phase, which follows historical price tendencies, has stayed intact because the dip never broke the uptrend’s structure or confirmed a breakdown. However, the move into Week 6 of this uptrend is notable; historically, Weeks 5 and 6 have often been the “danger zone” for local tops. While history points to a potential pause here, the unique nature of this cycle may allow for an extension. Still, the decisive factor is now price, not just time. The analyst points to resistance that first appeared around $124,000 in July but has since evolved into a dynamic barrier closer to $126,000. Breaking this level in the next one to two weeks could trigger a sharp acceleration in the trend, putting the $160,000 roadmap back in focus. On the other hand, failure to clear $126,000 would create both time and price confluence for a pullback, which Rekt Capital calls “Price Discovery Correction 2.” Such a correction would not end the long-term bullish case but would delay the next leg up. Until then, all eyes are on these key levels: $119,000 for support and $126,000 for breakout. How Bitcoin handles them could decide whether the grand roadmap to $160,000 stays on track in the weeks ahead.

There’s more than $1 million in physical gold hidden somewhere in Canada, but rather than your grandfather’s pick axe and head lamp, only knowledge and wits are needed to find it. Organized by MINING.COM‘s sister publication The Northern Miner, the coast-to-coast Great Canadian Treasure Hunt for $1 million in gold and 12 monthly yellow metal prizes worth $25,000 each starts Wednesday, Aug. 13. Open to all Canadians, the Hunt begins with an online clue release, the first of many that will lead participants down a path of knowledge exercises, puzzles and riddles. “The Great Canadian Treasure Hunt is more than a contest, it’s an invitation to explore Canada’s legendary mining roots while flexing your brainpower”, Anthony Vaccaro, president of The Northern Miner Group says. “We want to inspire a new kind of exploration, grounded in curiosity, logic and appreciation for Canada’s rich natural history in a way that’s never been done before.” Taking inspiration from Canada’s long-standing mining legacy and the pioneering spirit that drives mineral exploration, the adventure is designed to spur discovery while highlighting the role that mining and critical minerals play in the country’s future. These metals and minerals are the foundation of modern life, powering everything from electric vehicle batteries and renewable energy technologies to smartphones and life-saving medical devices. How it works The first poetic riddle was released Wednesday on treasure.northernminer.com to guide hunters towards the hidden riches. The riddles are word-based poems that have to be worked out. Each following round of clues will appear monthly, through The Northern Miner, MINING.COM or CEO.CA. All clues will be available for free. No special equipment, qualifications or connections are needed to participate. All the prizes are located on publicly-accessible land. Canadian residents from all walks of life are welcome to join, whether they’re just curious or stalwart puzzle solvers who never miss a night at their local pub quiz. The Northern Miner subscribers get exclusive first access and a collated list of clues via the Treasure Hunt portal. For full access, subscribe here. Canada’s mining story The Great Canadian Treasure Hunt is a great chance to connect with Canada’s mineral story and maybe go home with a fist – or fists – full of gold. “By sourcing and developing critical minerals here at home, Canada strengthens its ability to support clean energy, drive innovation and maintain domestic resource security in a rapidly changing global market,” Vaccaro says. “The treasure hunt is a fun and imaginative way to spark curiosity about the resources that keep Canada and the world moving forward.” For more information, including full contest rules, FAQs and updates, visit treasure.northernminer.com. Follow @northernminer (X/FB/YouTube) | @thenorthernminer (IG) | @mining (X) | @miningdotcom (IG/FB/YouTube); @ceodotca (X/IG/FB/TikTok) | @ceocafilm (YouTube) for ongoing clues and community updates. This campaign is proudly presented with the support of industry sponsors including Agnico Eagle Mines (TSX, NYSE: AEM), Sprott Money, EarthLabs, IAMGOLD (TSX: IMG; NYSE: IAG), The World Gold Council, Ernst & Young LLP, Alamos Gold (TSX, NYSE: AGI), MINING.COM, CEO.CA and The Canadian Mining Journal. Disclaimer: The locations of all treasures in The Northern Miner’s Great Canadian Treasure Hunt are known only to an independent third party. No member of The Northern Miner staff has knowledge of the whereabouts of any treasure.

Oil prices continued to edge lower this morning following a triangle breakout which could lead to a potential $12 move to the downside. IEA Oil Market Report - August 2025 The International Energy Agency (IEA) announced on Wednesday that it expects oil supply to grow more this year but has reduced its forecast for demand because of weak fuel usage in major economies. This comes a day after OPEC + released their monthly report yesterday. The OPEC + report saw the group raise its global oil demand forecast in a move that contradicts the IEA forecast today. Thesis is not a surprise as we have seen this diverging outlooks between the two organizations over the last few years. The International Energy Agency (IEA) has updated its oil market forecasts with several key highlights. Global oil supply is now expected to increase by 2.5 million barrels per day (bpd) in 2025, higher than the previous forecast of a 2.1 million bpd rise, following the latest production hike by OPEC+. In August, global crude oil refining is projected to reach nearly a record high of 85.6 million bpd. However, the IEA has slightly lowered its demand growth forecasts. The average oil demand growth for 2026 has been revised down to 700,000 bpd from the earlier estimate of 720,000 bpd. Similarly, the 2025 oil demand growth forecast has been trimmed to 680,000 bpd, compared to the previous projection of 700,000 bpd. For the full report, visit https://www.iea.org/reports/oil-market-report-august-2025 Trump-Putin Meeting to Serve as a Catalyst? The White House said Tuesday that Friday’s Alaska meeting between US President Donald Trump and Russian President Vladimir Putin is meant to be a "listening session" for the president, lowering hopes for a quick Russia-Ukraine ceasefire agreement. Market participants are already eyeing positive developments from the meeting but either way the meeting could be a catalyst for Oil prices. Key challenges remain before the talks. Trump has suggested that both sides may need to give up land to end the three-and-a-half-year conflict. A resolution could ease some of the sanction concerns affecting the market. Meanwhile, oil prices have fallen, even though US inflation data yesterday strengthened expectations that the Federal Reserve will cut interest rates in September. Looking Ahead Oil prices are edging lower ahead of the Trump-Putin meeting which could dominate Oil price moves the rest of this week. Risk-On sentiment has returned and yet Oil prices continue to struggle. Later in the day we will get another look at inventories data after API numbers were released yesterday. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Technical Analysis - WTI From a technical analysis standpoint, Oil has broken below the triangle pattern and the 200-day MA resting around the 64.73 handle. The breakout could lead to a long term drop toward the $52 a barrel mark based on the technical setup in play. The RSI period-14 has yet to enter oversold territory, which hints that further downside could materialize in the days ahead. Immediate support rests at 60.77 before the psychological 60.00 handle comes into focus. Looking at the upside, resistance rests at 64.00 before the confluence level around the 64.73 handle comes into focus. Acceptance above this level, a move beyond the 65.00 handle could come into play. WTI Oil Daily Chart, August 13, 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.

Global financial services company Western Union’s acquisition of International Money Express, Inc. (Intermex) is drawing attention from the crypto space, as analysts highlight its potential boost for Ripple and XRP. With Intermex confirmed as an On-Demand Liquidity (ODL) user of Ripple, the deal could strengthen blockchain-powered payment flows across the US while expanding Western Union’s retail and digital reach. Western Union Expansion Could Bolster XRP And Ripple Market expert ‘Xaif Crypto’ pointed out in an X social media post on Monday that Western Union’s $500 million all-cash acquisition of Intermex could have significant implications for Ripple and XRP. According to the analyst, Intermex has been a user of Ripple XRP ODL services since 2020, making it an active player in cross-border payments, particularly across Latin America. Notably, Western Union announced that it will take over Intermex in a recent press release on August 10. By acquiring Intermex, the international bank is not only gaining a well-established remittance business but also inheriting its Ripple-powered payment infrastructure. Xaif Crypto has stated that this strategic move further positions the company to dominate money flows across all of America. As a result, it marks a significant step toward XRP’s broader objective of achieving global market dominance. Based on reports from the press release, the acquisition could directly strengthen its North American retail operations while expanding its reach beyond Intermex’s historically high-growth Latin American operations. It is also expected to accelerate digital customer acquisition, enabling faster onboarding of Western Union’s payment ecosystem. Moreover, the combination of the international bank’s vast global network and Intermex’s use of Ripple’s ODL could enhance the speed, reliability, and cost-efficiency of transactions, potentially increasing XRP’s utility and adoption in high-volume remittance markets. By leveraging Intermex’s six million customers and strong agent relationships, Western Union is also set to broaden the footprint of Ripple-backed transactions across multiple geographies. This strategic acquisition further aligns with the growing trend of financial giants tapping blockchain technology to remain competitive in the evolving global payments market. This could also give Ripple and XRP a stronger foothold in their mission toward securing a dominant role in worldwide payment systems. Intermex‘s Deal Structure And Growth Outlook Under the agreement, Western Union will reportedly acquire Intermex for $16 per IMXI share in cash, valuing the deal at approximately $500 million in equity and enterprise terms. This figure represents a 50% premium over Intermex’s 90-day volume-weighted average price. Officially, the deal has been unanimously approved by both companies’ boards and is expected to close in mid-2026, pending regulatory and shareholder approvals. Intermex’s established brand, operational efficiency, and market expertise will be integrated into Western Union’s extensive network, creating opportunities to work better together. Furthermore, the companies anticipate $30 million in annual run-rate cost savings within two years, with additional revenue potential through expanded product offerings. The acquisition is also expected to immediately boost Western Union’s adjusted earnings per share by over $0.10 in the first full year after closing.