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BTC bulls helped stage a quick recovery on August 7, 2025, reclaiming the 117k level after a brief downward stint below the Bollinger Band support, in what analysts are calling a textbook “head fake” reversal, reigniting bullish sentiments as the best crypto to buy now. Now that bullish sentiments have reignited, traders are eyeing the 119k mark as the next major resistance zone. Moreover, according to the BTC heatmap data, liquidity clusters between $117.5k and 118k suggest that there might be a potential grind higher as traders continue to liquidate short positions. BitcoinPriceMarket CapBTC$2.33T24h7d30d1yAll time Further to this, the daily CME futures gap has been filled, establishing a new support near $114k. In the background, there is a divergence forming between spot price action and ETF flows. Bollinger has flagged the setup as a possible trap for overzealous bears. According to CoinGlass’s heatmap data, the BTC is encountering mounting resistance in the growing liquidation clusters between 117.5k and 118k. On the flipside, downside bids are accumulating around 114k, a level reinforced by the completion of the CME futures gap. (CoinGlass Heatmap Data) This level has historically served as a key point of convergence for spot prices, enhancing its credibility as a support base. Its floating support sits at $0.84, with a stronger support at $0.62 level. On the upside, the resistance is concentrated around $1.17, marking a 12.5% potential gain from current levels. The pivot point of $1.03 is just below the current price. Explore: 9+ Best High-Risk, High-Reward Crypto to Buy in August 2025 The post [LIVE] BTC Breaks Above 117k, Eyes 119k Next, ETH Breaks $4000 Mark: Best Crypto To Buy Now appeared first on 99Bitcoins.

Bitcoin is trading around key levels after reclaiming the $115,000 mark, with bulls firmly in control despite ongoing consolidation below the $120,000 threshold. The trend remains bullish, supported by steady buying interest and strong technical positioning. Key data shows that the correlation between Bitcoin and the S&P 500 has surged to 80%. In this high-correlation regime, a continued rally in US equities could provide Bitcoin with a tailwind toward new highs, while an equity pullback could amplify downside volatility. With the S&P 500 currently in a bullish phase, BTC appears to be tracking the same trajectory. Still, market watchers caution that such high correlation levels are often short-lived and prone to sharp reversals. For now, traders are closely monitoring both equity and crypto charts, knowing that any shift in risk appetite across traditional markets could quickly ripple into Bitcoin’s price action. S&P 500 Correlation Strengthens Bitcoin’s Macro Link According to top analyst Axel Adler, the recent 80% correlation between Bitcoin and the S&P 500 underscores how deeply macroeconomic forces are influencing the crypto market. In this environment, key drivers such as interest rate expectations, liquidity conditions, and the broader risk-on/risk-off sentiment are directly transmitted to BTC’s price action. Under this regime, a sustained recovery in US equities will likely provide a supportive backdrop for Bitcoin. Conversely, if stock markets experience a downturn, the negative sentiment could quickly spill over into the crypto space, amplifying sell-offs and triggering broader market weakness. Adler points out that the current reading is based on a 1-week rolling correlation metric, which is inherently volatile. Historically, such correlation spikes are rarely sustained for long periods. The present level, while significant, is unlikely to hold for more than a few weeks before reverting toward its mean. Despite the short-term nature of this spike, the analyst emphasizes that the growth of crypto adoption in the US—from institutional products like ETFs to corporate treasury allocations—sets the stage for a bullish long-term outlook. Still, traders must remain mindful that macroeconomic downturns, tightening liquidity, or shifts in Federal Reserve policy could rapidly reverse market sentiment. Bitcoin Price Analysis: Bulls Defend Key Support Bitcoin (BTC) is trading around $116,565, holding steady after reclaiming the $115,724 support level, which coincides with a key horizontal zone from late July. On the 4-hour chart, BTC recently broke above the 50-day, 100-day, and 200-day SMAs, signaling short-term bullish momentum. These moving averages, now converging near $116,000, could act as a strong support cluster if tested again. The immediate upside target remains the $122,077 resistance, last tested in mid-July. However, BTC has faced selling pressure near $117,000, indicating short-term consolidation before a possible push higher. Volume has tapered slightly after the breakout, suggesting that buyers may need fresh momentum to sustain the move. If BTC holds above $115,724 and the moving average cluster, bulls could attempt a breakout toward the $118,000–$122,000 zone. However, rejection might trigger a retest of $115,724, with a deeper pullback. Featured image from Dall-E, chart from TradingView

After a near steady decline over the last week, the XRP price is now struggling as it fluctuates between bearish and bullish impulses. This correction is concerning as it is pushing the price downward toward a Fibonacci level that could spark further decline. Given this, the price must reclaim and hold the $3 level if there is to be any major recovery in the price. What’s Wrong With XRP? Crypto analyst CasiTrades outlined the challenges that the XRP price is currently going through and what needs to happen for the altcoin to regain bullish momentum. In the X post, she explains that the failure to rally after a brief bounce above $3 showed that there wasn’t more upward movement to be had. But rather, it was just part of the deeper corrective wave. So far, this has turned out to be the case as the bears were previously able to beat the XRP price below $3 again. Following the first break below $3, the price had pushed to test the support at $2.75. This level is the 0.5 Fibonacci retracement level, and a sustained break below could trigger more crashes. As Casi explains, this decline was part of a larger ABC wave correction, which is inherently bearish in itself. However, the fact that the $2.75 remains above the Wave 1 high of $2.65 leads the analyst to believe that overall, the XRP price is still bullish. Mainly, she explains that there are now bullish divergences showing up on the 15-minute chart all the way to the 40-hour chart. This suggests that $2.75 could be the low of the latest decline. Why $3 Must Hold From Here Given the establishment of a possible low at the $0.75 level, the next course of action is to reclaim $3 and turn this resistance into support. As the crypto analyst explains, a rise above the $3.21 level and a sustained break are what is needed for confirmation that the decline is finally over. What is expected to follow such a move is a bullish impulse. If this trend does play out, then the expectation is that the XRP price will be headed for new all-time highs from here. The crypto analyst sees an initial target of $4, which would mean its highest point in over seven years. Then, after that, a possible surge to $4.60-$4.80 serves as the final target.

The team behind the DeFi protocol CrediX is suspected of an exit scam following a recent $4.5 million security breach. The team has reportedly “vanished” from the project’s official channels despite promising refunds, leaving customers empty-handed. DeFi Protocol Suffers $4.5 Million Exploit On Friday, security firm CertiK reported that the DeFi lender CrediX’s team had disappeared following the platform’s recent exploit, leaving its website offline since the August 4 incident and suddenly deleting the official X account. For context, the Sonic-based DeFi lender suffered a security breach on Monday after a potential wallet compromise led to the theft of $4.5 million from the protocol’s liquidity pool. Blockchain security firm PeckShield explained that the alleged hack was due to a compromised admin account, which allowed the exploiter to abuse its BRIDGE role to mint unbacked acUSDC (Sonic USDC) tokens, borrow against them, and drain the pool, before bridging the assets from Sonic Network to Ethereum. Notably, SlowMist found that the CrediX multisig wallet added an attacker as an admin and bridge role via ACLManager six days before, which raised concerns among investors. The DeFi lender’s team acknowledged the incident on X, stating that they had disabled the website to prevent users from depositing. Later, the team informed its community that it had allegedly “reached successful parley with the exploiter, who agreed to return the funds within the next 24-48 hours.” According to the now-deleted post, posted on CrediX’s official Telegram account by a user, the attacker agreed to return the funds “in return for money fully paid by the credix treasury.” The team affirmed that they would airdrop the funds to the affected users’ addresses in “the respective timeframe.” CrediX Goes Dark The following day, the team addressed the exploit on Telegram, stating, “We are truly sorry for this devastating incident and the impact it may have on our community,” and affirmed that they would keep users updated on the next steps before disappearing and deactivating the official X account. On Thursday, the Sonic-based Stability DAO confirmed on its Discord server that CrediX had “gone dark and disappeared,” directly affecting the protocol’s users. The exploit affected Stability DAO’s Metavaults as the project had recently integrated with CrediX. In the message, the protocol announced that all the affected teams, including Sonic Labs, Euler, Beets, and Rines Protocol (Trevee), were in communication and actively working on “filing a formal legal report with the authorities in hopes of recovering lost funds.” Additionally, they have obtained information on two of the DeFi lender’s members, which would be added to the report alongside the rest of the evidence. “A full incident report will be shared with the community soon, outlining everything that happened and what steps are being taken,” the message vowed. This incident follows the alarming trend that has been developing this year. As reported by NewsBTC, crypto theft has surged this year, reaching a total loss of $2.7 billion in the first half of 2025. By the end of June, more value had been stolen year-to-date (YTD) than during the same period in 2022, suggesting that theft from crypto services and DeFi projects could potentially hit $4.3 billion by year’s end.

Binance is taking another step toward damage control by teaming up with BBVA, Spain’s second-biggest bank. The new arrangement allows customers to post U.S. Treasuries as margin, which BBVA will hold outside the exchange. It’s a clear attempt to separate user funds from exchange risk, and it shows Binance is trying to clean up its image. A Response to Ongoing Scrutiny The move follows intense regulatory pressure. After a multibillion-dollar fine last year and ongoing questions around user fund safety, Binance has little room to play it loose. Letting a regulated bank hold trader collateral looks like a deliberate effort to rebuild trust without waiting for permission. Traders Keep Their Funds with the Bank The idea is simple. Users deposit their collateral directly with BBVA. Those funds go into U.S. Treasuries, and Binance accepts them as margin for trading. The exchange never touches the money. That’s a major shift from the days when platforms pooled client assets and moved them around behind the scenes. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Traditional Banks Start Taking the Wheel BBVA is not just any institution. It’s deeply entrenched in Europe’s financial system and already offers crypto products in Switzerland. By partnering with a bank of this size, Binance sends a message that it is willing to work within the system—at least on paper. This adds to a slow trend of crypto firms leaning on old-school finance for structure. BitcoinPriceMarket CapBTC$2.33T24h7d30d1yAll time Timing Lines Up with Policy Momentum Global regulators are finally getting serious about crypto custody rules. In both the U.S. and the EU, authorities are looking at how exchanges manage customer assets. This Binance-BBVA arrangement is happening just as those conversations hit a new gear. It’s not a coincidence. A Layer of Safety for Users For everyday traders, this means one less thing to worry about. Instead of hoping Binance stays solvent, they know their collateral is locked up in a separate bank account and backed by government bonds. If Binance runs into trouble, the funds should stay untouched. That kind of firewall has been missing from the space for too long. DISCOVER: 20+ Next Crypto to Explode in 2025 Could This Set a New Standard? Other platforms might take notes. If this model works, it could push the industry away from risky self-custody and toward bank-backed setups. The idea of splitting custody from trading is not new, but it is gaining traction fast as the market matures and compliance costs rise. What Comes Next for Binance and BBVA The big unknown is whether Binance will roll this out widely or keep it limited. If uptake is strong, more banks could enter the picture. For now, this is a test case. But if it sticks, it might reshape how crypto exchanges operate altogether. In the wake of regulatory blowback and industry meltdowns, Binance is trying a more cautious play. By putting BBVA in charge of collateral, it’s trying to show users and regulators that it can evolve. The stakes are high, and this may be one of the more grounded moves the exchange has made in a long time. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Binance is partnering with BBVA to custody U.S. Treasuries used as trading collateral, separating customer funds from the exchange. Regulatory pressure is driving the change, following fines and concerns over Binance’s past handling of user assets. User funds are held directly at BBVA and never touch Binance, reducing counterparty risk and boosting user confidence. The partnership aligns with global regulatory trends around crypto asset custody, especially in the U.S. and EU. If successful, this bank-backed custody model could influence other exchanges to adopt safer asset management practices. The post Binance Moves Customer Funds to BBVA in New Custody Setup appeared first on 99Bitcoins.

Before the end of the year, the U.S. Geological Survey will publish a revised critical minerals list, which will shape defense strategy and stockpiling. The Energy Act of 2020 requires the Department of the Interior to revisit the list every three years, so the upcoming USGS list will be the first update since 2022. This is a new list for a new administration; it will likely reflect the President’s aims and priorities. Already, President Trump’s executive orders indicate the direction of his critical mineral policy. An examination of possible additions to the USGS list will provide insights into a strategy that is becoming increasingly clear: more targeted interventions across a wider range of materials. Many of these insights come from the Executive Order 14241, or Immediate Measures to Increase American Mineral Production. In this action, President Trump directed federal agencies to accelerate mineral production using changes in permitting, land usage, and emergency powers. He also ordered that several materials–copper, uranium, potash, and gold–be treated as critical minerals for the purpose of the order. Few materials have received more attention in the last six months than copper. The President seems to be particularly focused on it: in February, he ordered a section 232 investigation into the national security risks of imported copper. By July, he imposed a fifty percent tariff on semi-finished products and intensive derivative products. Although demand is expected to double by 2030 because of its essential usage in electric vehicles, AI infrastructure, and other industrial uses, it was not included in the 2022 USGS list. That seems likely to change. EO 14241 also directed that gold be treated as a critical mineral. Although it lacks the widespread industrial usage of copper or lithium, gold is used in small quantities for some commercial and defense technology. In addition, the order stated that potash be included within the category of critical mineral. The idea of naming potash, the term for a range of potassium-heavy minerals used for fertilizer, is not without precedent. An unpassed bill in March 2024 would have directed USGS to include potash on the critical minerals list alongside phosphate. But potash, unlike the other EO materials, was removed from the USGS list in 2022. And while the U.S. is import-reliant for more than ninety percent of its potash, about eighty percent of those come from Canada. Uranium, unlike other EO 14241 material, faces a unique hurdle to inclusion on the 2025 USGS list. The text of the Energy Act of 2020 specifies that only non-fuel minerals can be included on the list. However, it is entirely possible that uranium could be included anyway, despite its usage as fuel for the administration’s nuclear power ambitions. Finally, the One Big Beautiful Bill Act included metallurgical coal as a commodity eligible for a critical mineral tax credit. The production of metallurgical coal, or coal suitable for steelmaking, will merit a 2.5 percent tax credit that terminates in 2029. Much like copper, the inclusion of metallurgical coal aligns with the President’s Section 232 investigation and tariffs on steel. These policies collectively place a heavy finger on the scale for domestic production of steel and the requisite raw materials. This examination of possible additions to the USGS critical minerals list raises an obvious question: what difference does it make for production if a given material is on the list? In some ways, the benefits of critical mineral designation have diminished. The OBB Act entirely phases out the 45X tax credit, which offers tax credits equal to 10 percent of mineral production costs, by 2034. However, given the administration’s efforts to accelerate permitting for critical mineral projects, designation could attract the necessary federal approval to jumpstart extraction and production. These possible inclusions fit within the administration’s mineral strategy: offer support on a case-by-case basis across a wider range of materials. After the success of the MP Materials-DOD deal, the administration has indicated that it will pursue future deals to support mineral production. But the price floor offered for rare earth production (with a global market value of $4 billion) could not possibly be extended to the copper market valued at $300 billion globally. A growing list of critical minerals indicates a growing range of strategies; there is no universal solution to achieve mineral security. The world has changed over the last three years. Whether USGS includes each of these materials or none of them, the upcoming critical minerals list should reflect those changes. Farrell Gregory is a non-resident fellow at the Foundation for American Innovation.

Facilities at Fort Cady in California. Image from 5E Advanced Materials. 5E Advanced Materials (Nasdaq:FEAM) (ASX:5EA), the only publicly traded pure play on critical mineral boron, has released an SK-1300 Preliminary Feasibility Study on its Fort Cady project in California. The SK-1300 reports a $724.8M Pre-Tax NPV7, 19.2% IRR, with an initial 39.5-Year mine life. Total Mineral Reserves are 5.4M tons boric acid with grade of 8.03% (B2O3). Boron is designated as a critical mineral by the US Homeland Security. Although a smaller market and not as near the mainstream radar as rare earths, boron is crucial to onshore U.S. defense supply chains, decarbonization and food security. Turkey’s state-owned Eti Maden and Rio Tinto control roughly 85% of the global 4.5 million tonnes per annum supply, and China holds a near monopoly on downstream processing. As with many other critical minerals, efforts are underway to reshore supply to the US. While Rio Tinto (ASX:RIO), through its subsidiary US Borax, mines and refines boron in the namesake town in California, the refined borates are shipped to various locations, including Asian markets. 5E is developing Fort Cady, one of the world’s largest new conventional (colemanite) boron deposits globally outside of Turkey, in the Mojave Desert, near the town of Newberry Springs. The company’s initial facility, 5E Boron Americas (Fort Cady) Complex, is fully commissioned and is currently producing boric acid. The initial production plans are for 2,000tpa of boric acid, with the ability to scale with minimal investment. When 5E Advanced Materials CEO Paul Weibel first started at the company as CFO, he researched the deposit, ultimately finding a USGS report in the Library of Congress on the property. “There’s been exploration going back to the 30s, you’re really starting to get back into that gold rush era and it’s a really cool history. This deposit was discovered in the 60s by Duval and Pennzoil – they were drilling for oil and gas up in the high desert and at 1,300 to 1,500 feet they ended up hitting an interesting layer of mineralization, not oil and gas, and that ended up being really a very multi-generational large deposit of colemanite,” Weibel told MINING.com in an interview. “Four different types of minerals and which borons found, you have tincal (borax), colemanite, kernite, and ulexite colemanites. Colemanite is like the Mercedes-Benz of mineralization for boron.” “The Boron market is every bit an oligopoly. We get asked so often, what is Boron? It’s the fifth element on the periodic table. It’s light, heat resistant, energy dense, microbial, and has great thermal properties. And I use the analogy that if Tony Stark were to build an Iron Man suit, it’s a boron-based suit,” Weibel said. “Every TV, high end display device, iPhone, Tesla, the screens all require Boron to make,” Weibel said. Boron – “the best supporting actor” Boron is also used in US space and military industries, specifically to make Kevlar and tank armor, and in 2022 5E entered an agreement with aerospace engineering firm Estes Energetics to collaborate in producing boron advanced materials for solid rocket motors. While rare earths is most reported for its use in powerful magnets that power EVs, NdFeB magnets have the highest magnetic strength – a type of rare-earth magnet made from an alloy of neodymium, iron, and boron. Weibel believes boron to be an unsung hero of the magnet supply chain. “You cannot make those magnets without the Boron,” he said. “Rare earths won the oscar – we are the best supporting actor on the magnet supply chain.” Fort Cady development With President Trump’s tariffs roiling global markets, Weibel sees an opportunity to disrupt the boron market by ramping up production at Fort Cady to supply the US at lower costs. “Costs are going up. And what has been in this market has been a classic prisoner’s dilemma, where on one side of the world, you have Turkey. And then on the other side of the world, you have Rio,” he said. “Turkey’s boron goes to Europe, Middle East, Africa, and then they’ll hit the Eastern seaboard of the United States. Pricing has been driven off of cost to serve and logistics. And so now what is happening is that Rio has actually gone out and they’ve increased prices and their revenue has gone up every year.” “We know that our biggest competitor and the number two player in the market has to go sell at higher prices in Asian markets –that’s where Rio’s competing.” Uncle Sam’s land An historic deposit, Fort Cady has permits going back to the 1990s. Weibel said the company has secured three major permits for 400 acres of real property. “We got a mining and reclamation permit, and conditional use permit in 1994,” Wiebel said. “What was in that permit is really how we operate today. All around us is Uncle Sam’s land – BLM. We got a record decision in 1994. And then given we’re going to inject a very dilute 5% hydrochloric acid solution underground, we needed an underground injection control permit with the United States EPA. “Having those permits is really hard to do. But we have them.” Weibel said the plan, as production ramps up, is to build a much bigger plant. “We built a small scale facility that’s been operating for14 months, and we’ve been mining for 18 months. And all that data has been incorporated into our PFS and design for the bigger plant,” he said. “We probably have the second largest deposit in the world. We just did our reserve statement, and we’ll produce 130,000 tons a year of boric acid. This market’s not all that big – so that has an upstream impact on CAGR. We see this market growing at about five and a half to six percent on average.”

On-chain analytics firm Santiment has pointed out how utility spikes on the XRP network tend to precede bullish price action in the asset’s price. XRP Network Activity Lit Up Before The Latest Price Surge In a new post on X, Santiment has discussed about some network activity-related indicators for XRP. The metrics in question are the Transaction Volume and Circulation. The first of these, the Transaction Volume, measures the total amount of the cryptocurrency that’s becoming involved in transfers on the blockchain every day. While this metric does provide a sense of overall activity occurring on the network, it may give a skewed picture of investor behavior. This is because of the fact that not all transfers being made on the chain represent true economic activity. Many of them involve the same part of the supply, constantly in motion due to repeat trades or internal shuffling. The second indicator, the Circulation, helps filter for these moves like these. This metric keeps track of the daily unique number of tokens being shifted on the XRP network. By ‘unique,’ what’s meant here is that no matter how many times a particular coin becomes involved in transfer activity on the blockchain, it still contributes just one unit toward the indicator’s value. Now, here is the chart shared by Santiment that shows the trends in both of these XRP metrics over the last few months: As displayed in the above graph, the XRP Transaction Volume saw a huge spike to $2.1 billion on August 1st. This 6-month high surge in the metric came as the asset’s price was going through a drawdown toward a low near $2.70. Alongside the rise in volume, the Circulation also registered a spike to 1.12 billion tokens, indicating that the transfer activity occurring on the network was organic. Since this burst of activity on the blockchain, the cryptocurrency has witnessed some recovery. From the chart, it’s visible that there have also been spikes in these indicators in the past that led into a price surge for the coin. “Utility spikes on the network consistently foreshadow price jumps,” notes the analytics firm. In some other news, XRP broke out of a triangular channel on Thursday, as analyst Ali Martinez explained in an X post. Generally, breakouts above a triangle’s upper level are considered to be bullish signals in technical analysis (TA). And indeed, as the pattern may have foreshadowed, the asset has ended up enjoying a surge since then. XRP Price At the time of writing, XRP is floating around $3.29, up more than 7% over the last 24 hours.

After failing to decisively break above the $120,000 level in mid-July, Bitcoin (BTC) could face further price corrections as whales continue to increase BTC inflows to the Binance crypto exchange. Is Bitcoin Losing Its Bullish Momentum? According to a recent CryptoQuant Quicktake post by contributor Arab Chain, fresh data from the Binance Whale-to-Exchange Flow indicator suggests that BTC may soon experience additional downside pressure. The analyst noted that despite growing retail participation in the BTC market, persistently high whale inflows into Binance – combined with a declining Bitcoin price – signal that the market could be entering a technical correction phase. Arab Chain shared the following chart, where the purple zone shows that whale inflows to Binance remained consistently high throughout July and early August. At the same time, the drop in BTC price reflects a distribution pattern, where whales begin unloading BTC on exchanges following a sharp rally. Although there were no extreme spikes, whale inflows into Binance stayed elevated in the $4 billion to $5 billion range, indicating that these large holders are actively moving BTC onto the exchange – often a precursor to major sell-offs. The fact that these inflows remain high on Binance despite the drop in BTC price suggests that either whales are still selling their holdings on the exchange, or they are waiting for a price rebound to exit the market. Similarly, the light blue area in the chart shows a notable increase in retail inflows to Binance during late July and early August. Historically, such late-stage retail participation often marks the final phase of a bullish cycle, providing exit liquidity for whales. The analyst concluded: Despite the rise in retail participation, the market shows signs of internal weakness, with sustained whale inflows to Binance and loss of upward momentum. If this behavior continues, the market may be entering a medium-term correction phase. Investors Still Optimistic About BTC While signals suggest the current BTC rally may be overextended, some investors remain confident, employing strategies like Smart Dollar-Cost Averaging (DCA) to accumulate BTC in anticipation of further price gains. Fellow CryptoQuant analyst Oinonen noted that while the recent pullback in BTC price may have raised concerns about further declines, the asset’s historical Q4 performance could propel it to a new all-time high of $200,000 by the end of 2025. After hitting a recent low around $111,800, BTC has recovered part of its losses and is now trading near $116,500. Still, some analysts caution investors against “excessive optimism.” At press time, BTC was trading at $116,501, up 0.2% over the past 24 hours.

A fresh debate in the crypto space has emerged over whether the cost of production significantly impacts the XRP price and the value of Bitcoin (BTC). Market expert CrediBULL Crypto has outlined how these costs influence XRP’s value compared to Bitcoin, concluding that both cryptocurrencies follow the same pricing formula. XRP Price Formula Mirrors That Of Bitcoin A recent discourse on X social media has reignited discussions on whether production costs play a decisive role in determining the prices of cryptocurrencies. CrediBULL Crypto weighed in, explaining that both Bitcoin and XRP follow the same fundamental pricing model, where the cost to produce, combined with speculative and utility value, determines the market price. For Bitcoin, the analyst notes that the cost to mine, taking into account energy consumption and time, represents a significant portion of BTC’s market price. This production cost forms the “X” variable in the analyst’s pricing equation, with the remainder driven by speculative demand and utility. In contrast, CrediBULL Crypto highlights that XRP’s production cost is negligible, arguably near zero, meaning its market price is primarily driven by demand, adoption, and other speculative factors. Whether mined or premined, the analyst asserts that the market ultimately assigns a value above the production cost based on perceived utility and shifts in investor sentiment. CrediBULL Crypto’s statement comes in response to a recent clash between market expert BD and Robert Breedlove, a Bitcoin maximalist. In his post, Breedlove suggested that XRP’s “100% premined” status set it apart from Bitcoin, which he asserts is a 0% premined coin. The Bitcoin maximalist also warned investors of the potential consequences of this difference, subtly implying that XRP could be a scam token. BD countered, asserting that market demand, not production method, dictates price. He further emphasized that neither mining costs nor premined supply inherently determines a cryptocurrency’s long-term value. Demand Dictates Long-Term Survival Following CrediBULL Crypto’s statement, a community member argued that premined assets, like XRP, could carry higher risks, such as large-scale sell-offs or “rug pulls,” potentially driving their value to zero. They further suggested that BTC’s mined supply structure offers more protection against such scenarios. CrediBULL Crypto, however, pushed back, stating that production costs do not guarantee long-term survival or resilience. He noted that demand can disappear for any asset, regardless of whether it costs $5 or $100 to produce. He added that the same principle also applies to Bitcoin and XRP, which are respectively priced at $116,601 and $3.34, at the time of writing. The analyst further pointed out that just because a commodity costs money to produce does not make it inherently valuable. Without sustained interest, even a high-cost-to-produce asset could collapse in value. To illustrate this point, the analyst compared it to investing substantial resources into digging a massive hole—a process requiring real effort but might hold no value if no one finds the hole useful.

SharpLink Gaming has announced a $200 million capital raise aimed at expanding its Ethereum treasury. As ETH solidifies its role as programmable money and a yield-bearing asset through staking, SharpLink is betting big on its long-term potential. The raise positions the company among a rising class of corporates reshaping capital strategy around blockchain-native assets. Why SharpLink Is Going All-In On Ethereum In an X post, SharpLink Gaming shared an update stating that the company has secured $200 million capital raise through a direct offering priced at $19.50 per share, and has been backed by four global institutional investors. According to the company, the capital will be strategically deployed to expand its ETH treasury holdings. Upon full deployment, SharpLink expects its ETH reserves to exceed $2 billion, placing it among the most ETH-heavy corporate treasuries globally. The company focuses on accumulating ETH, staking ETH to earn sustainable on-chain yield, and consistently growing ETH-per-share for long-term shareholders. Ethereum is becoming the foundational layer of global finance infrastructure for tokenized assets, and SharpLink is built to capture that upside. According to the DuRtY_Crypto post, Vitalik Buterin recently pointed out that ETH treasuries are increasingly valuable, not just as a store of ETH, but as a different vehicle for people to have access to ETH. Instead of simply buying ETH and holding it, investors are turning to companies that hold and manage ETH treasuries. DuRtY_Crypto has outlined the irony that was unseen between the Bankless crew, who quickly celebrated the mainstream validation. The PulseChain Sacrifice Wallet has skyrocketed to become the 5th-largest ETH holder in crypto with 171,054 ETH. Before the funds rotated into ETH, the wallet was already commanding attention as the largest DAI holder across all chains. Thus, the expert has commended Richard Heart, the controversial figure behind PulseChain, for executing a strategic pivot that few saw coming. Ethereum Activity Heats Up As Transaction Volume Nears ATH While prominent figures are raising capital and increasing the ETH treasury’s value, CoinW has also revealed that Ethereum on-chain momentum is surging again. According to data from Etherscan, the network processed 1.87 million transactions on Aug 6th, nearing its all-time high of 1.96 million, which was set back in January 2024. Meanwhile, the validator queue data shows the ETH pOs exit queue has dropped significantly to 443,164 ETH, worth roughly $1.612 billion. Following the decline, the average exit wait time now sits at 7 days and 17 hours. With UK regulators officially lifting the ban on crypto exchange-traded notes (cETNs) for retail investors, as reported by CoinW, Ethereum’s performance may experience notable growth. This move signals a major policy shift toward embracing digital asset markets. Furthermore, it will allow individuals to engage in these risk-bearing financial products at their discretion, a move seen as aligning the UK more closely with the global crypto market.

Week in review - Solid Week for Global Equities It was a quiet week for economic updates, giving analysts time to review last week's data, which clearly showed demand slowing down. While labor productivity remains strong, slower activity and rising service sector prices suggest mild stagflation. We had a host of Central Bank meetings this week where the U.K., India, and Mexico took cautious actions. The Bank of England and Mexico's Banxico cut rates, while India’s central bank kept rates steady due to currency concerns. Switzerland had an unexpected rise in inflation, and Mexico’s core inflation stayed high despite overall easing. In New Zealand, weak job data points to a likely rate cut. The Bank of England (BoE) meeting was the one that caught the attention of market participants. The BoE cut rates by 25 basis points to 4%, but their statement suggests the rate cuts may soon stop. Policymakers are concerned about stubbornly high inflation, which remains well above their target. The Bank's statement noted that monetary policy is less restrictive as rates are cut. Markets see this as a signal, now expecting fewer cuts with just two by next summer and none this year. Source: LSEG Despite these developments global equity markets continued their impressive run. In the US dip buyers returned Monday, boosted by hopes of Fed action in September and a Trump ally joining the board, signaling a dovish shift. Despite inflation concerns, strong earnings kept investors confident in Wall Street. In Europe, shares had their best week in 12 weeks, driven by banking stocks and hopes for a Russia-Ukraine ceasefire. The STOXX 600 rose 0.2% Friday, up 2.2% for the week. Eurozone banks gained 1.9% Friday, leading year-to-date with a 56.8% rise. Of the 198 companies in the STOXX 600 that reported earnings through Tuesday, 53% exceeded analysts' estimates, according to data compiled by LSEG. The dollar strengthened on Friday but is set for a weekly drop after July's jobs report showed weaker-than-expected hiring and sharp downward revisions to previous months' gains. Oil prices dipped Friday, heading for their biggest weekly drop since June due to US-Russia deal reports and a weaker economic outlook. Brent crude fell to $66.36, and WTI dropped to $63.67. US gold futures hit a record high Friday amid uncertainty over U.S. tariffs on common gold bar sizes. Spot gold stayed steady at $3,399.91 per ounce, up 1% for the week. Analysts await clarity, noting tariffs could heavily impact Switzerland, a key gold refining hub. For updates on Cryptocurrencies please read: Bitcoin (BTC/USD) Eyes Bull Flag Breakout as Trump Allows Bitcoin and Crypto in 401(k)sEthereum breaks 4,000 and marks new highs to the current cycle – Crypto NewsThe Week Ahead The week ahead has several important data releases lined up. The US and UK will release inflation data and GDP data and from Asia we have a few high impact data releases Asia Pacific Markets - RBA Meeting, Japan GDP and Chinese Inflation The Reserve Bank of Australia (RBA) is expected to cut the cash rate by 25 basis points to 3.6% at Tuesday's meeting, following weaker-than-expected growth and inflation data. Last month, the RBA surprised markets by keeping the rate at 3.85%, seeking more proof that inflation was easing toward its 2.5% target. Since then, softer Q2 inflation and June jobs data suggest the RBA may now opt for a rate cut. China will release its July inflation data on Saturday, with consumer prices expected to dip into deflation at -0.1% year-on-year due to ongoing pressures. Efforts to curb price competition are unlikely to show immediate results. Economic data for July, out Friday, may highlight slowing activity. Housing prices have fallen faster in recent months, and without new policies, this trend could continue. Industrial production, which beat expectations in June, is expected to slow to 6.2% YoY. Retail sales, boosted by trade-in policies, may ease to 4.6% YoY as policy effects fade. Fixed asset investment remains weak, with private investment held back by uncertainty, likely growing just 2.8% YoY. Japan's second-quarter GDP, out Friday, is expected to show modest growth of 0.1% after a 0.04% contraction in Q1. Weak exports and inventory changes may weigh on growth, but a rebound in services and private consumption should support a slight recovery. The data could influence chances of an October rate hike by the Bank of Japan. Europe, UK and the US Focus on Inflation and GDP Data From the US inflation data due on Tuesday will be the focus. In June, core goods prices (excluding autos) rose 0.6% MoM, the largest jump since February 2022. For July, we expect a similar increase, with autos also likely driving inflation higher. Vehicle prices, which surprisingly fell in June despite tariff pressures, and rising car auction prices add upside risk. We forecast a 0.4% MoM rise in core CPI, above the 0.3% consensus. The Fed is unlikely to face a repeat of 2021/22's supply shock-driven 9% inflation. Key factors like oil prices, housing rents, and wage growth, which fueled inflation then, are now cooling and should help offset tariff effects in the coming months. On Friday we will get retail sales and consumer confidence data. Strong auto sales may boost retail figures, but weak consumer confidence, driven by tariff concerns, job market worries, and household wealth volatility, suggests slower activity in the second half of the year. Read More: Silver (XAG/USD) Technical Outlook: Mixed Signals as Rate Cut Expectations Grow In the UK we have jobs data due on Tuesday which will be key given the BoE decision this week as well as the upgraded forecasts. The BoE remained calm about the job market in August, even as payrolls have steadily declined. Another sharp drop in hiring is possible, though these figures are often revised upward later. GDP data will follow on Thursday where Q1 saw a boost from export surges ahead of US tariffs, but Q2 has been weaker. Still, overall activity likely grew modestly in the spring. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Week - US Dollar Index (DXY) This week's Chart of the week is the US Dollar Index (DXY). The DXY rally which faded last week Friday, rejected the long-term descending trendline which has been in play since the start of 2025. There appears to be significant concerns around the US Dollar for now and the fact that the DXY rejection occurred at the 100.00 confluence level is a big deal in my opinion. The big cuts to U.S. job numbers have definitely challenged the Fed's claim of a 'solid' labor market. This gives the Fed more confidence that the summer inflation rise will be temporary, likely leading to rate cuts in September. This leaves the US Dollar vulnerable to further downside moving forward with sellers likely to flood in on any short-term rallies higher. We saw a bit of that this week already with Monday and Tuesday seeing attempts at a rally being met by significant selling pressure. On the RSI period-14 the DXY flirts with the neutral 50 level, with a move lower showing that momentum is indeed with the bears. For now any rally higher will need to gain acceptance above the descending trendline and the 100.00 confluence level. If this happens and we see some change in the fundamentals around the US Dollar then perhaps i would change my stance. Right now, such a move seems unlikely. US Dollar Index (DXY) Daily Chart - August 8, 2025 Source: TradingView.Com (click to enlarge) Key Levels to Consider: Support 97.7096.9096.37 (YTD Low)Resistance 98.5699.56100.00 (confluence level)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.

IAMGOLD (NYSE: IAG) (TSX: IMG) shares fell on Friday after the company reported a decrease in net earnings in the second quarter compared to a year ago despite benefiting from rising gold prices. During the three months to June 30, 2025, the Canadian gold miner saw a 4% increase in production to 173,000 oz. over last year, which, combined with higher gold prices, propelled its revenue to $580.9 million, a more than 50% increase. However, its adjusted net income attributable to shareholders fell by 7% to $77.3 million, resulting in a lower earnings per share of $0.13 compared to $0.16 in Q2 2024. The declines are connected to higher costs incurred across its operations. For the quarter, IAMGOLD’s cash costs for its gold production were $1,556/oz., versus $1,071/oz. last year. All-in sustaining costs (AISC) also rose to $2,041/oz., compare to $1,617/oz. in 2024. Citing market conditions as well as regulatory dynamics, the company has raised its cost guidance for the year, with annual cash costs expected to be approximately $150 higher per ounce sold at between $1,375-$1,475 (from $1,200-$1,350), and AISC to fall between $1,830-$1,930/oz. (from $1,625-$1,800). The revision, IAMGOLD says, is primarily attributed to higher royalties from surging gold prices and a change in the royalty structure. The company also cited the impact of foreign exchange on costs at its only producing mine abroad, Essakane mine in Burkina Faso, and higher operating and non-recurring capital at the Côté mine in Ontario. Shares of IAMGOLD were down by 2.4% as of Friday afternoon, trading at C$10.38 apiece with a near C$6 billion ($4.4 billion) market capitalization. The stock had been rallying earlier this week, but failed to test its 52-week high of C$11.63. Production outlook IAMGOLD currently has three operating mines: two in Canada (Côté and Westwood) and one in Burkina Faso (Essakane). Production from Westwood and Essakane both declined year-over-year during the latest quarter, at 77,000 oz. and 29,000 oz., respectively. Meanwhile, the Côté mine, which came online a year ago, more than tripled its attribute production to 67,000 oz. (based on a 70% share), owing to a successful ramp-up to nameplate capacity. The combined production takes IAMGOLD’s first half output to 334,000 oz., a slight improvement over the 317,000 oz. from a year ago. The company’s 2025 guidance is set at 735,000-820,000 oz., which management says it still expects to meet due to increased mining activity in the second half, with forecast production of between 400,000-485,000 oz. The stronger second half is due to continued improvements at the Côté mine during its first full year of operations, coupled with an increase in expected grades at both Essakane and Westwood based on the respective mining sequences, IAMGOLD stated.

A fresh chart shared on X by the pseudonymous technician Charting Guy is stoking renewed bullish chatter around Dogecoin, suggesting that the meme-coin best known for its social-media cult could be setting up for a run toward the upper boundary of a multiyear rising wedge near $1.60. Will Dogecoin Skyrocket Above $1? The analyst’s daily chart (BINANCE: DOGEUSDT) frames nearly two years of price action inside a broad, magenta-coloured ascending wedge whose support has risen from roughly $0.06 in late-2023 to $0.17 today, and whose resistance projects to $1.10–1.60 over the coming months. At press time DOGE is changing hands at $0.2219, up 8.7 percent on the day, having just pierced the wedge’s internal trend line that capped every rally until mid-July 2025. A cluster of Fibonacci retracement and extension levels anchored to the chart’s swing low at $0.0491 and swing high at $0.7605 defines the roadmap that traders are watching. The token has already reclaimed the 0.382 retracement at $0.1399 and the psychological $0.20 handle, and is now hovering above the 0.50 zone at $0.1933 – ahead of the more technically significant golden ratio at 0.618 ($0.2671). Above that, fib-derived hurdles stack at 0.702 ($0.3362), 0.786 ($0.4232), and 0.888 ($0.5596), with the full retrace level at $0.7605 and the 1.272 extension demarcated at $1.6017 – precisely where the wedge’s ceiling converges in the analyst’s projection. What lends the setup its narrative force is a cyan overlay on the same chart – a fractal copy of DOGE’s eruptive late 2024 leg – that has been transplanted onto the current structure. In that earlier episode the coin rocketed 439 percent once price tagged rising-wedge support, sliced through the internal down-sloping resistance, retested it as support and accelerated straight to the upper boundary. The overlay implies that a similar sequence has begun to unfold: DOGE revisited wedge support in late June, broke the internal trend line in mid-July, and retested it successfully this week– if the fractal continues to rhyme – could embark on a vertiginous sprint that terminates where the 1.272 extension meets the wedge roof just north of $1.60. The monthly view reinforces the bullish undertone. Charting Guy points out that the Relative Strength Index (RSI) is on the verge of a bullish cross of its own moving average in the 50–55 band. The last time that crossover occurred, in early 2024, price embarked on the aforementioned 439 percent advance. While momentum has cooled since that high, the oscillator never broke down into oversold territory, suggesting, in classical technical parlance, that DOGE has been basing rather than topping. Sceptics will note that the same wedge has twice rejected advances below $0.50, and that the memecoin still lives below every major high-time-frame supply shelf until $0.76. Yet the chart’s geometry leaves room for a rapid repricing should buyers clear the $0.27–0.34 resistance cluster: the “empty air” between the 0.702 and 0.888 fibs coincides with the steepest part of the wedge. For now, traders have a textbook trigger to watch – the internal magenta down-trend that DOGE has just tested from above. A decisive weekly close above that line, coupled with rising volume, would formally confirm the breakout scenario. Failure to hold $0.20 would invalidate the fractal and shift focus back to wedge support, currently near $0.17. Whether history will repeat with the precision that the fractal projects remains to be seen, but the structural logic on the chart is clear: so long as Dogecoin respects its four-year rising base, the path of least resistance continues to tilt higher – and the upper edge of that structure terminates at $1.60. The coming weeks should reveal whether the meme-asset can turn that technical aspiration into market reality. At press time, DOGE traded at $0.22.

Northern Dynasty Minerals (TSX: NDM; NYSE-A: NAK) has secured its first detailed court schedule in months for its long-running dispute with US authorities over one of the world’s largest undeveloped copper-gold projects. In the US District Court for Alaska, the company is challenging the US Environmental Protection Agency’s veto of the Pebble project. Opening briefs from Dynasty are due by Oct. 3 and the federal justice department must file its response by Jan. 2, with the company scheduled to reply by Feb. 27. Northern Dynasty also said Friday it’s continuing to negotiate with the EPA outside of court to reverse the veto. “If we are able to come to a resolution that removes this unlawful veto, obviating the need for continued litigation, then we can move to terminate the summary judgment process,” Northern Dynasty president and CEO Ron Thiessen said late Thursday in a statement. “This is, undoubtedly, our preferred outcome.” The court challenge focuses on the EPA’s 2023 decision to exercise its authority through the Clean Water Act to block development at Pebble, citing risks to Bristol Bay’s salmon fisheries. Northern Dynasty argues the action was unlawful and exceeded the agency’s mandate. The company has framed the summary judgment process as a chance for the court to decide the case on the existing record without a full trial. Stock rises Shares in Northern Dynasty Minerals gained 5.9% on Friday afternoon to C$1.25 apiece in Toronto, valuing the company at C$682 million. The stock plunged last month from a five-year high of C$3.14 after negotiations waned and company executives sold shares. The briefing schedule now provides a clear, albeit extended, path for the district court to decide the core legal issues by early 2026. A decision in Northern Dynasty’s favour could revive permitting prospects for Pebble, while an adverse ruling could cement federal opposition and prolong uncertainty for the company and the state of Alaska. The mine would cost around $10 billion to develop, according to analysts at IHS Markit in February 2022. The site would produce 6.4 billion lb. of copper, 7.4 million oz. of gold, 300 million lb. of molybdenum, 37 million oz. of silver and 200,000 kg of rhenium over 20 years, according to a 2023 preliminary economic assessment. The company is betting on the Trump administration pushing for the contentious project, CEO Thiessen told The Northern Miner in an interview published in June. Court saga Two other related cases remain on hold pending a ruling on the veto. Northern Dynasty alleges in the US Court of Federal Claims that the veto in effect seizes the company’s property rights without compensation. The company is also challenging a separate decision by the US Army Corps of Engineers to deny a key federal permit for Pebble. Northern Dynasty’s legal history over the Pebble project is a saga stretching back more than a decade. It reflects the project’s collision of mining ambitions, environmental opposition and shifting US administrations. Early challenges included the pre-emptive move by the US Environmental Protection Agency during the Obama years to restrict development under the Clean Water Act, followed by a pause under President Trump that briefly revived permitting hopes. The Army Corps of Engineers’ 2020 rejection of a key federal permit triggered a new round of litigation, while the EPA’s 2023 decision to veto the project brought the fight back into federal court in Alaska.

The debate over whether the crypto market is in Bitcoin Season or on the verge of Altcoin Season has dragged on for many months, especially due to Ethereum’s price action in the past few days. LUCIE, Shiba Inu’s marketing lead, recently touched on the matter, sharing insights on what’s currently happening, what to expect for an altcoin season, and when to anticipate a breakout in the Altcoin Season Index. Altcoin Season Index Points To Bitcoin Dominance Many traders and analysts have been closely watching the Altcoin Season Index, with posts on the social media platform X and news reports increasing in anticipation of a market-wide move that could favor altcoins against Bitcoin. Although the current market still tilts toward Bitcoin, signs of change are starting to emerge, especially with Ethereum now approaching the $4,000 price level. According to the Altcoin Season Index from BlockchainCenter.net, which was also shared by Shiba Inu’s marketing lead, the index is currently standing at 39, well below the 75 threshold required to confirm altseason. Notably, the data from BlockchainCenter.net shows that the index has been hovering in this range after bouncing from lower levels earlier in the year. As shown in the chart below, despite recent momentum from Ethereum and XRP, Bitcoin is still holding a dominant position in the total market cap. At the time of writing, Bitcoin dominance is currently around 61%, above the 60% level that typically signals room for altcoins to take over. Interestingly, this is a notable reduction from Bitcoin’s 64.3% dominance from three weeks ago. Lucie attributed this decline in Bitcoin dominance to alt momentum slowly gaining traction across various sectors, including major altcoins and meme-based projects. This gradual build-up, she suggested, could represent an accumulation phase. This is a familiar August pattern that’s mostly always seen before stronger altcoin rallies. Eyes On September For Possible Breakout Although the current readings confirm that it is still Bitcoin Season, Lucie believes everything may already be setting the stage for an altcoin breakout next month. The combination of a drop in BTC dominance and a surge in the Altcoin Season Index above 75 would officially mark the shift. For now, eyes are on this breakout. Particularly, Lucie noted a September window for a decisive move that could ignite a true altseason. At the time of writing, Bitcoin’s market dominance is at 60.0%, according to data from Coinmarketcap. Ethereum, on the other hand, has a market dominance of 12.2%. The last time the market saw altcoin dominance was in December 2024, when the Altcoin Season Index spiked to a reading of 88. Since then, Bitcoin has maintained control, with the most recent attempt to push the index higher stalling at a 59 reading on July 21.

Cardano (ADA) is showing renewed strength on lower timeframes, with a short-term surge lifting the price above key moving averages. However, this momentum now faces a critical test as mid-term resistance levels come into play. Will the bulls maintain control, or is a reversal on the horizon? ADA Pushes Above Key EMAs: Bulls Seize Short-Term Momentum Analyst Cexscan on X pointed out that Cardano (ADA) is exhibiting a bullish trend on the 30-minute chart. The asset’s price has surged above the 20, 50, and 100-period Exponential Moving Averages (EMAs), indicating rising buying interest and momentum among short-term traders. Adding further strength to the outlook is the Relative Strength Index (RSI), which currently sits in overbought territory. While this typically signals a possible pause or minor retracement, Cexscan believes that the strong bullish pressure evident in price action could override such a correction in the short run, as long as volume remains healthy. Overall, the combination of bullish EMAs, elevated RSI, and sustained momentum paints an optimistic picture for ADA. Cexscan emphasized that if the current trajectory holds, Cardano could continue its upward path, with intraday opportunities unfolding along the way. Cardano Caught In A Tight Range: Will The Breakout Come Soon? Thomas Anderson, analyzing Cardano’s 4-hour chart in a recent update, pointed out that the price was moving sideways around the $0.3374 zone. This consolidation is occurring between a defined resistance at $0.7612 and support at $0.6874, both marked with yellow horizontal lines. The market appears to be taking a breather, potentially gearing up for a more decisive move. Adding to the picture is the 200-period Moving Average, highlighted in red, which sits just above the current price and acts as a dynamic resistance level. This moving average has repeatedly blocked bullish attempts, making it a crucial hurdle to watch. A clean break above it could be a major trigger for renewed buying interest. On the broader daily timeframe, Anderson observed that Cardano remains trapped within a larger consolidation pattern. The RSI indicator is hovering around 51, reflecting a neutral stance, while the MACD indicator is also showing little directional bias. This reinforces the view that the market is waiting for a breakout catalyst before choosing its next path. Anderson concluded by focusing on the ascending trendline resistance as a key technical level. A strong push above that line could pave the way for intraday gains, especially for scalpers. However, if ADA gets rejected at that level, it may head back toward the lower end of the range, offering potential shorting opportunities for traders watching closely.

Cryptocurrencies have found a decent rally amid yesterday's strong session, propulsed by the Ether breaking 4,000 for the first time in 2025 and some positive news. Effectively, US President Trump just passed an executive order allowing Cryptocurrency investments to be counted into American 401Ks (retirement accounts) which boosted sentiment around the longer-run cryptocurrency investment mindset. There has been a few hypothesis, which don't sound too unrealistic, of BlackRock preparing for a XRP ETF in the follow-up from creations of ETFs for Ethereum, and the most recent addition, Solana. However, today's session seems to be a bit more mixed as Bitcoin steps into some key levels and some altcoins seem to not have got as much traction as the past month. Ethereum did drag a few of its peers higher yesterday but more bullish momentum would be welcome for some minor coins to come back to the past week highs . Let's take a look at what the daily crypto picture is looking like and a few technical charts including Ethereum, Bitcoin, XRP and ETH/BTC. Read More: USDCAD rises from a weak Canadian Employment data An overlook on the Crypto Market Crypto Daily Performance, August 8, 2025 – Source: Finviz Ethereum is leading to the upside with OP and APT (Ethereum competitor) also doing some heavy lifting. On the other side though, XRP and XLM are seeing some heavy selling flows, but despite the 3% correction, the magnitude is not too severe (cryptos can be even more volatile than this) Ethereum 4H Chart Ethereum 4H Chart, August 8, 2025 – Source: TradingView ETH Bulls have held the 3,500 Main support, retested last Sunday and have since built higher lows, and led to a break above the 4H 50-period MA ($3,720). The slow and steady grind higher helped to break the downward trendline that formed from the past week highs at $3,944 – Preceding resistance at that zone may act as immediate support. The breaching of the $4,000 landmark did not last long, but the action is still consolidating above the preceding highs. RSI Momentum is currently close to overbought territory, so the rest will be to see if this morning's rally does not materialize into a fakeout. Key levels of interest: intermediate Resistance around $4,000Daily highs $4,011Immediate Pivot Between $3,700 to $3,750$3,500 Main Support ZoneBitcoin 8H Chart Bitcoin 8H Chart, August 8, 2025 – Source: TradingView Bitcoin is currently testing its 117,000 Key Pivot Zone. Bulls need to break the ongoing downwards channel to create more chances of a new all-time highs, look at the reactions at the highs of the channel. They will at least have to break the 50-period MA (117,050) acting as immediate resistance and serves as a key barometer for bull/bear momentum. Coming from 112,500 lows last weekend, buyers did gather some intermediate strength – breaking the current bear formations would point to a test of the past all-time highs. Key levels of interest: All-time Highs to break 123,150Major Resistance 120,000 to 122,000126,500 to 128,000 Potential Resistance Immediate Pivot Between $116,000 to $117,000 (Confluence with 4H MA 50) $113,000 Mini Support and weekend lowsMajor Support Zone previous ATH 110,000 to 112,000XRP 4H Chart XRP 4H Chart, August 8, 2025 – Source: TradingView Ripple found some more than decent buying momentum in yesterday's session which has found mean-reversion sellers at the preceding $3.39 all-time highs. Despite the ongoing selling, there is a triangle formation holding the #4 altcoin between a $3.06 support and the most recent highs. For any downward retest, look at the 4H MA 50 and 200 that recently acted as support. Key levels of interest: Previous all-time Highs - $3.39 imminent resistanceCurrent ATH resistance around $3.66$4.00 to $4.30 Potential Resistance Current $3.00 Major Pivot Zone (Confluence with 4H MA 50 and 200) Resistance turned Support - 2.65Lower bound of triangle formation $3.05 to $3.10Solana 8H Chart Solana 8H Chart, August 8, 2025 – Source: TradingView Solana is still evolving within its ascending channel formation from April lows. One thing to check is whether buyers can withhold the middle of the channel which acts as immediate pivot, around the $175 level. RSI momentum is bullish but some resistance is showing ahead, with the 8H MA 50 acting as immediate resistance ($176.27) Key levels of interest: 8H MA 50 immediate resistance ($176.27)$185 Momentum resistanceCycle swing high Resistance 200 to 205 $175 Key pivot level $160 Pivot turned Support (confluence with Ascending channel lows$150 Psychological levelMain Support $125 to $132ETH/BTC check-up ETH/BTC 8H Chart, August 8, 2025 – Source: TradingView ETH/BTC maintains its run higher, which is a very encouraging sign for the broad crypto market. Altcoins will have to follow higher as the most recent rise in ETH hasn't coincided with a general minor coin rally, a development to watch closely. 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.

MP Materials (NYSE: MP) shares surged to an all-time high on Friday after the United States’ only rare earths producer posted stronger-than-expected quarterly results. The Las Vegas-based miner share jumped as much as 10.45% in early trading to $78.50, before settling at $75.99 by midday in New York, valuing the company at $13.46 billion. MP’s stock has more than quadrupled in 2025, buoyed by US efforts to secure domestic supplies of critical minerals and reduce reliance on China. In Q2 2025, production of neodymium and praseodymium (NdPr), key materials for high-strength permanent magnets used in EV motors, wind turbines and electronics, soared 119% year-over-year to a record 597 metric tonnes. Rare earth oxide (REO) output was the company’s second-highest on record at 13,145 tonnes, up 45% from the prior year. NdPr sales volumes more than tripled to 443 tonnes. The company expects Q3 NdPr production to climb another 10–20% sequentially. Revenue rose 84% to $57.4 million, driven by higher output of separated products and initial sales of magnetic precursor materials. The Magnetics Segment generated $19.9 million in revenue and $8.1 million in adjusted EBITDA, while the Materials Segment also saw profitability improve. MP reported an adjusted net loss of $21.4 million (13 cents per share), beating analyst estimates for a 19-cent loss. Adjusted EBITDA improved by $14.5 million year-over-year to a loss of $12.5 million. Pentagon price floor deal In July, MP signed a multibillion-dollar agreement with the US Department of Defense (DoD) that sets a $110/kg price floor for NdPr, nearly double prevailing Chinese market prices. The deal could make the Pentagon MP’s largest shareholder and provides long-term revenue certainty. The agreement comes as Washington accelerates efforts to secure critical mineral supply chains in the face of geopolitical tensions and China’s dominance in the rare earth market. Shortly after the DoD deal, MP announced a $500 million rare earth magnet supply agreement with Apple (NASDAQ: AAPL). The tech giant will source US-made magnets from MP’s Fort Worth, Texas facility, with production lines tailored specifically for Apple products. Apple’s prepayments will fund most of the expansion at MP’s Independence mine in Texas, accelerating downstream integration. The deal is part of Apple’s broader plan to spend over $500 billion in the US over the next four years. CEO James Litinsky said the partnerships position MP for “sustained growth in the emerging era of physical AI,” pointing to the company’s unique role in a secure US supply chain for rare earth magnets. As reported by Reuters, TD Cowen analysts highlighted that strong upstream volumes and magnetics output drove a 40% EBITDA beat, and said MP is now on track to hit a 60,000-tonne annual REO run rate a year earlier than planned. Stage III magnetics operations are already EBITDA-positive and, alongside government and Apple funding, leave the company well-capitalized to accelerate growth, brokerage DA Davidson said.

Gold futures soared to an all-time high on Friday following reports of an unexpected US tariff on bullion bars that could bear significant implications on the global flow of the precious metal. On the COMEX, the most active December gold contract rose as much as 2.3% to $3,534.1 per ounce — a record high. By 10:45 a.m., it had pulled back to $3,484.8 an ounce. Meanwhile, the spot price was largely muted, trading mostly between a narrow range of $3,380-$3,400 and is heading for a slight decrease for the week. The Friday price moves give the New York gold futures a premium of more than $100 an ounce over the London Benchmark, as investors bet on the tariff shock to snarl imports into the US. Market in shock The Financial Times had reported earlier that 1-kilogram and 100-ounce gold bars are now subject to US import duties, citing a ruling letter from the US Customs and Border Protection. US gold futures are mostly backed by bars shipped from Switzerland, a key trading and refining hub. Under the latest reciprocal tariffs enacted by President Donald Trump, Swiss goods shipped into the US — which now include gold bars — will be subject to a 39% levy, the highest given to a developed nation. The US customs ruling, while yet to be formally announced, has thrown the global bullion market into turmoil. The Swiss Precious Metals Association said in a statement on Friday that the reclassification threatens to negatively impact the international flow of physical gold. “We are particularly concerned about the implications of the tariffs for the gold industry and the physical exchange of gold with the US, a long-standing and historical partner for Switzerland,” its president Christoph Wild said. Traders on Friday said that shipments had largely frozen up in response to the shock news. The decision extends a tumultuous year for gold, which has soared to unprecedented levels amid strong buying from central banks and as Trump’s trade war drives haven demand. Earlier this year, physical flows were upended as traders rushed billions of dollars’ worth of gold and silver into the US as New York prices traded at large premiums in anticipation of potential tariffs. However, that trade came to a crashing halt after the US exempted the metals from the April wave of tariffs. Clarify needed The tariff ruling, if it remains in place, has sweeping implications for the flow of bullion around the world, and potentially for the smooth functioning of the US futures contract. Gold’s role as a financial asset and global currency sets it apart from other commodities like copper that have been roiled by tariffs. “In the long run, the existence of US tariffs on deliverable gold products raises the question on the role of futures trading in the US,” Joni Teves, a strategist at UBS AG, told Bloomberg. “Until there is clarity, we expect the gold market and precious metals markets more generally to remain very nervous.” The decision will have particularly significant implications for refiners in Switzerland, which plays a particularly crucial role in the smooth functioning of the global market. The 1-kilo bars are the most common form traded on COMEX, the world’s largest gold futures market, and comprise the bulk of Switzerland’s gold exports to the US. “Gold is moved back and forth between central banks and reserves around the world,” said Robert Gottlieb, a former precious metals trader and managing director at JPMorgan Chase, referring to the bars. “We never, ever thought that it would be hit by a tariff.” It’s unclear whether other types of gold bars, such as 400-ounce bullion that’s the most-traded in London, will be subject to tariffs. If not, those could simply be shipped to the US and recast into one-kilogram blocks, one refinery manager told Bloomberg. However, such a scenario would still render the CME contract unviable, according to Nikos Kavalis, managing director at consultancy Metals Focus, since the US only has limited gold refining capacity. (With files from Bloomberg)

Bitcoin has reclaimed the crucial $115,000 level after briefly dipping to $112,000 earlier this week, signaling renewed strength from the bulls. The sharp recovery highlights buyers’ resilience following recent volatility, with price action now showing signs of bullish dominance. This rebound comes as traders and investors brace for the potential next leg up, eyeing higher resistance levels. Key market data adds weight to the bullish case. The Bitcoin Futures Open Interest Net Position — a closely watched indicator that tracks the balance between long and short positions — has shifted in favor of the bulls, showing a clear edge over shorts. This change in positioning suggests that sentiment is turning more optimistic, with market participants increasingly betting on further upside. However, while momentum is building, the coming days will be decisive. Bitcoin must maintain its hold above the $115K level to confirm this shift and open the door to a push toward the next major resistance. Failure to do so could invite fresh selling pressure, putting the recent gains at risk. For now, market structure and derivatives data suggest that bulls are in control, and the stage is set for Bitcoin’s next significant move. Bitcoin Market Sentiment Shifts as Technical and Fundamental Tailwinds Align According to top analyst Axel Adler, Bitcoin’s market structure is undergoing a notable shift. After a prolonged bearish regime since late July — marked by sustained short pressure and represented in the red zone — the SMA-120 line for the Bitcoin Futures Open Interest Net Position has reversed upward, reaching the neutral zero mark. This indicator, which reflects the balance between long and short positioning, signals that the market has moved from aggressive short dominance to a neutral-bullish stance. Adler notes that a similar reversal attempt occurred just a week ago but failed to hold, leading to renewed selling pressure. This time, if the SMA-120 remains above zero for another two consecutive days, it would confirm a regime change, potentially paving the way for a more sustained bullish phase. On the fundamental side, momentum is being supported by a major policy development: US President Donald Trump has signed an executive order permitting alternative assets, including cryptocurrencies, to be included in 401(k) retirement plans. This landmark decision could open the door for millions of Americans to gain exposure to Bitcoin and other digital assets through their retirement savings, significantly expanding potential demand. BTC Tests Key Liquidity Levels Bitcoin’s daily chart shows a strong recovery after recently dipping to the $112K region, with bulls reclaiming the critical $115,724 support level. The rebound has pushed BTC toward the $116,700 area, signaling renewed buying interest after a period of panic selling. The 50-day SMA (blue) is currently providing dynamic support near $113K, helping reinforce the bullish case in the short term. Above, the next major resistance is at $122,077, which marks the upper boundary of the recent consolidation range. A decisive breakout above this level could open the door for a retest of all-time highs. The market’s bias leans bullish as long as BTC remains above the 50-day SMA, but traders should watch for momentum signals. If price gains slow while approaching $122K, the risk of a pullback grows. Overall, BTC’s current structure reflects a market attempting to shift back into a bullish posture, with $115,724 acting as the key line in the sand for trend continuation. Featured image from Dall-E, chart from TradingView

In May, Poland hit the cover of the prestigious magazine The Economist, as the first country ever to do so. It turned out that Poland's economic condition is of great interest to investors, and the country itself is an interesting alternative to other markets. What is the reason for this, and after two months, are the observations made by the British weekly still valid? Poland's economy today stands out as a dynamic example of steady convergence and resilient growth, driven by robust domestic consumption, strategic investment, and a swift shift toward sustainability. Over the past two decades, Poland has successfully transitioned from a Soviet-style planned economy into a high-income, diversified market economy. Its real GDP per capita significantly increased, reaching approximately 80% of the European Union average compared to just 50% two decades ago. Consequently, Poland currently ranks among the world’s top 20 largest economies, both in nominal GDP terms and purchasing power parity (PPP). EU GDP Annual Growth Rater, Q2 2022-Q2 2025, source: Trading Economics A Diversified Economic Base and Labor Poland's economic dynamism is underpinned by a robust and diversified structure, demonstrating remarkable resilience and sustained growth. The services sector forms the backbone of the economy, contributing nearly 60% to the Gross Domestic Product (GDP). This broad category encompasses a wide array of activities, from IT and business services to finance, tourism, and retail, reflecting a sophisticated and modern economic landscape. Manufacturing, a historically strong pillar, accounts for approximately 30% of GDP, showcasing Poland's continued industrial prowess. Key manufacturing sectors include automotive production, electronics, machinery, and chemicals. Agriculture, while less dominant, still plays a vital role, contributing less than 4% to GDP, and is characterized by a mix of traditional and increasingly modern farming practices. The country's export profile further highlights its integration into the global economy. Poland's primary export goods include sophisticated machinery, a diverse range of vehicles (automobiles, automotive parts), high-quality furniture, and cutting-edge electronics. These exports predominantly target Germany, Poland's largest trading partner, and other key European Union markets, underscoring the strong economic ties within the bloc. This strategic diversification across sectors and export markets has been instrumental in providing significant resilience against external economic shocks, such as global recessions or supply chain disruptions, thereby consistently supporting sustained economic growth even in challenging environments. Furthermore, Poland's labor market stands out as a significant strength, exhibiting consistent robustness. Unemployment rates have remained remarkably low, typically hovering around 2.8–2.9%. These figures are among the lowest in Europe, positioning Poland as a leader in terms of labor market strength and stability. This tight labor market, characterized by high employment and participation rates, has had a direct impact on domestic consumption. Strong wage growth has been a consistent feature, significantly boosting household purchasing power and acting as a primary driver of domestic demand. While this robust consumption has been a key factor in economic expansion, it has also generated inflationary pressures, particularly noticeable within the services sector, where rising labor costs translate into higher prices. The combination of a diversified economic base, strong export performance, and a resilient labor market positions Poland as a dynamic and stable economy within the European Union. Rapid Energy Transition Another distinct feature of Poland’s economy is its rapid transition in energy sourcing. Historically reliant on coal, Poland is swiftly moving towards renewable energy sources, notably expanding solar and wind energy capacities. Ambitious initiatives for offshore wind farms and nuclear power plants highlight Poland’s commitment to reducing coal dependency and meeting EU sustainability goals. Strategically leveraging substantial EU funding, particularly NextGenerationEU funds totaling approximately €58 billion through 2026, Poland continues significant investments in green infrastructure, transportation, digital transformation, and social programs. For 2025 alone, the Polish government anticipates a record 650 billion PLN (€140 billion) investment across critical sectors, including rail infrastructure, defense, renewable energy, and IT, supported by global corporations like Google and Microsoft. Economic Forecast and Monetary Policy Economic forecasts for 2025 and 2026 anticipate stable yet moderately slowing growth rates of between 3.2% and 3.7%. Inflation, expected to peak around 4–5% in 2025, is predicted to gradually ease towards 3–4% in subsequent years. The Polish central bank (NBP) has adopted cautious monetary policies, reducing interest rates to 5% in July 2025 and plans to assess economic data before further adjustments carefully. Poland faces fiscal challenges, notably a public deficit around 5.8% of GDP, prompting warnings from international institutions like the OECD regarding potential breaches of the 60% debt-to-GDP ratio. Fiscal consolidation, tax reforms, and controlled public spending are anticipated from 2026 onward, aiming to stabilize public finances while ensuring continued economic growth. Risks and Challenges One of the most pressing internal challenges is the persistence of wage-driven inflation. Poland's robust labor market, characterized by low unemployment and a high demand for skilled workers, has led to significant wage growth. While beneficial for individual purchasing power, this trend fuels inflationary pressures, potentially pushing inflation beyond current forecasts and complicating the National Bank of Poland's efforts to maintain price stability. The tight labor market also raises concerns about labor shortages in key sectors, which could impede productivity gains and overall economic expansion. On the external front, global uncertainties cast a long shadow over Poland's export-oriented economy. Escalating trade tensions between major global powers, particularly the United States and China, could disrupt supply chains and reduce global demand for Polish goods. Geopolitical instability, ranging from conflicts in Eastern Europe to wider global hotspots, also poses a significant threat, potentially impacting energy prices, commodity markets, and investor sentiment. A particular vulnerability lies in the economic performance of Germany and the broader European Union. As Poland's primary trading partners, an economic slowdown in these key markets would directly translate into reduced demand for Polish exports, thereby impacting industrial output and GDP growth. Domestically, political volatility, especially in the run-up to upcoming elections, presents another substantial risk. Political uncertainty can significantly erode investor confidence, leading to a reluctance to commit to long-term projects and investments. Furthermore, such volatility can derail crucial reform progress, particularly in areas like judicial independence, regulatory simplification, and public sector efficiency, which are vital for sustained economic development and attracting foreign direct investment. Crucially, political instability could also jeopardize the timely and full inflow of vital EU funds. These funds are instrumental in financing infrastructure projects, supporting innovation, and bolstering regional development, and any disruption to their flow would have a tangible negative impact on economic growth momentum. Finally, the implementation of economic policies themselves carries inherent risks. Delays in the execution of critical infrastructure projects, structural reforms, or public investment initiatives can hinder potential growth. Conversely, overly stringent fiscal measures, while aimed at maintaining budgetary discipline, could inadvertently stifle economic activity by reducing public spending or increasing tax burdens beyond a sustainable level. Finding the optimal balance between fiscal prudence and growth-oriented policies will be a delicate act for policymakers. Investor Sentiment and Market Performance Source: WIG 20 Index, Weekly Timeframe (January 2017 - July 2025) Investor sentiment toward Poland remains remarkably optimistic, even amidst ongoing political uncertainties. This positive outlook is clearly reflected in the performance of the Polish stock market, where the WIG index has surged approximately 27–29% year-to-date in 2025, positioning it among the top-performing global markets. Several key factors contribute to this robust investor confidence. Strong corporate earnings reports consistently demonstrate the underlying health and resilience of Polish businesses. Furthermore, attractive valuations across various sectors present compelling opportunities for investors seeking growth and value. Coupled with competitive dividend yields, these elements make Polish equities particularly appealing in the current global economic landscape. Despite these positive drivers, the market is not entirely without its considerations. Volatility linked to political developments, especially the upcoming presidential runoff, remains a factor that investors monitor closely. While the fundamental economic indicators are strong, political shifts can introduce short-term market fluctuations. However, the prevailing sentiment suggests that investors are largely willing to navigate these political considerations given the strong underlying economic fundamentals and attractive market opportunities. The sustained inflow of investment underscores a belief that Poland’s economic trajectory remains favorable, irrespective of the political landscape. In summary, Poland’s economy in 2025 demonstrates resilience, driven by robust domestic consumption, ongoing wage growth, and significant investments funded domestically and via EU initiatives. Effective management of wage-driven inflation and maintaining political and fiscal stability will be crucial in ensuring Poland’s continued rapid economic convergence with Western European economies. If these challenges are addressed successfully, Poland is likely to sustain its position as one of Europe's fastest-growing economies throughout the mid-2020s. 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.

Capstone Copper (TSX: CS) (ASX: CSC) said it’s going ahead with the costlier-than-expected expansion of a sulphide concentrator at its Mantoverde property in Chile in a move that will add six years to the mine’s life. The stock rose. Increasing the concentrator’s daily processing capacity from 32,000 to 45,000 ore tonnes will allow the facility to produce 20,000 extra tonnes of copper and 6,000 more ounces of gold a year, Capstone said Friday. it will also extend the mine life to 25 from 19 years. Dubbed Mantoverde Optimized, the project is now expected to cost $176 million (C$241 million), about 20% more than a previous estimate. Capstone blamed the increase on scope changes and general inflation. Vancouver-based Capstone is counting on an expanded Mantoverde to help it more than double annual copper output to about 400,000 tonnes in a few years from 2024’s 180,000 tonnes. The Chilean facility is on pace to produce between 97,000 and 112,000 tonnes of the red metal this year. In comparison, Canada’s largest copper producer, First Quantum Minerals (TSX: FM) delivered 431,000 tonnes last year with its primary mine, Cobre Panama, closed by authorities. ‘No-brainer’ While the revised construction budget is higher, “the updated figure is below our current estimate of $200 million,” Orest Wowkodaw, a mining at Scotia Capital in Toronto, said in a note Friday. Mantoverde Optimized “is a ‘no-brainer’ expansion given the very low capital intensity, short development timeline, low technical risk, and attractive returns.” Capstone shares rose 4.4% to C$9.12 Friday morning in Toronto following the announcement. That gave the company a market capitalization of just under C$7 billion. Located in Chile’s Atacama region, Mantoverde is an open-pit copper-gold mine that has produced copper cathodes since the 1990s. Construction work will require about year, followed by a ramp-up period in the fourth quarter of 2026, Capstone said. Mantoverde should hit the 45,000 tonne-per-day throughput level in early 2027, with higher cathode production beginning in the second quarter of that year, the company said. Capex boost Capstone now expects to spend $375 million globally on capital expenditures in 2025, the company said Friday. That’s up from a previous forecast of $315 million. The $176 million figure for Mantoverde Optimized includes $43 million for the mine, $107 million for the concentrator processing plant, $19 million for oxide leach optimization and $7 million for a desalination plant. Since the completion of a $870-million development project in 2023, Mantoverde has been able to process copper sulphide reserves in addition to existing oxide reserves. The project involved the addition of the sulphide concentrator and a tailings storage facility, as well as the expansion of the existing desalination plant. Capstone owns 70% of Mantoverde, while Japan’s Mitsubishi Materials owns the remainder.

Sentiment on the North American opening bell is decently positive but Buyers still have some work to do to undo some of the yesterday's selling – They are still starting to get some traction. There is no major US Data release in today's session, leaving normal trading flows the role to guide the price action. Watch how the weekly candle closes. The earnings season is almost done for most of the Major companies, with the only major miss released yesterday for Eli Lilly which saw its biggest daily drop of 14% since 25 years on a slow down for the company's obesity pill offer, but is still seeing some dip-buying with today's daily open. Markets are still waiting for more Federal Reserve's speak after yesterday's comments from Atlanta FED's Bostic mentioning that the "risks to the job markets have increased, but it is too soon to commit to interest rate cuts for the next meeting" which took some of the pricing for September out. The 25 bps cut is still largely priced in. FED's Musalem is currently appearing in a fireside chat on Credit in Mississippi, it will be interesting to see what he has to say on that. Elsewhere in geopolitics, US and Russia are meeting to discuss a concession in Eastern Europe to try to reach a ceasefire deal. Both the EU and Ukraine have been left out of the talks so let's see if this helps the situation, with the current talks in a limbo. In the meantime, let's take a look at Dow Jones charts. Read More: USDCAD rises from a weak Canadian Employment data An overlook to the Stocks Heatmap US Stock Heatmap, August 8, 2025 – Source: Finviz The Friday open is green, with Tesla, Palantir and Google leading. Except for Real Estate and Software sectors that are lagging, there is no particularly outstander. Dow Jones Multi-timeframe analysisDow Jones Daily Chart Dow Jones Daily Chart, August 8, 2025 – Source: TradingView The price action shows consolidation towards the 50% of last week's downward move, showing neutral momentum. Such consolidation offer chances for "bracket breakouts scenarios", where you may take a look at the highs (45,519) and lows (43,811) of yesterday's doji candle to spot whether buyers or sellers take the imminent hand. The 50-Day MA (44,715) is catching up slowly to current trading, currently 400 points below, and may act as support. Nonetheless, the action is stalling within the NFP lows resistance zone (44,100 to 44,500), so keep an eye on these levels. Dow Jones 4H Chart Dow Jones 4H Chart, August 8, 2025 – Source: TradingView Watch for the formation of a smaller timeframe death-cross, where the 50-period MA crosses the 200 from top to bottom, a typically bearish sign – such signals do have more significance on higher timeframes. Buyers will have to get through both these MAs, acting as immediate resistance (44,240 MA 50; 44,290 MA 200) before they parry the potential supply zones for sellers to appear. Momentum is in neutral territory and with the ongoing triangle formation, breakout to any side may gather some strength ofr the weekly close. Watch for sentiment, global geopolitics and tariff headlines. Some levels to place on your charts: Resistance Levels Top of triangle formation 44,400 to 44,4254H MA 200 44,44,290 (imminent resistance)44,400 to 44,500 Pivot turned ResistanceAll-time high resistance zone around 45,000Support Levels Current Pivot 43,500 to 43,750NFP Lows Mini-Support (43,25043,000 Main Support Zone42,000 June post-war SupportDow Jones 1H Chart Dow Jones 1H Chart, August 8, 2025 – Source: TradingView The opening saw some decent buying at the lows of the ongoing triangle formation. For an upside breakout, look around the 44,400 level. On the other hand, for a downside breakout, look below the daily lows at 43,950. 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.

South America-focused gold and copper miner Aura Minerals (TSX: ORA; Nasdaq: AUGO) says it’s done with investors in Canada just as the company books record results. April-to-June adjusted earnings before interest, taxes, depreciation and amortization reached a fourth consecutive quarterly record high of $106 million (C$145.7 million) as gold output grew 7% over the first quarter, Aura said this week. The release followed Aura raising $196 million on its new Nasdaq listing in July. “In the last four to five years [on the TSX], most of the investors are more interested in junior mining, but we are not a junior miner anymore and the investors prefer junior miners or very large companies,” CEO Rodrigo Barbosa told MINING.COM‘s sister publication The Northern Miner in an interview on Thursday. “We are in between. We don’t feel we could attract enough interest from Canadian investors.” The company’s graduation of sorts to Nasdaq from the TSX underscores how the U.S. equity market offers exposure to a broader base of institutional investors, the growing challenge for the Canadian market to provide enough liquidity and valuation, and how some Canadian companies are increasingly positioning themselves as global stories rather than Canada-centric plays. Market rewards IPO Two days after Aura launched its Nasdaq IPO on July 8 its share price jumped to an historic high of $39.45 apiece. Shares traded for $35.09 apiece on Friday morning in Toronto. Delisting from the TSX, still subject to regulatory approval, could take effect in one or two months, Barbosa said. The $2.9-billion market cap Aura plans to maintain its listing on Brazil’s B3 exchange. Aura’s move aligns with a trend of Canadian junior miners exploring dual listings on the Australian Stock Exchange, as they seek better market exposure. The market capitalization of mining and metals companies on the ASX is also larger. The Canada exodus adds to an eventful second quarter for Aura. In early June, it purchased AngloGold Ashanti’s (NYSE: AU; JSE: ANG) Mineração Serra Grande (MSG) gold mine in Brazil for $76 million. That was followed days later by a preliminary economic assessment (PEA) for Aura’s Era Dorada project in southeast Guatemala. That report envisions a 1.4-million-oz.-per-year gold mine with a 17-year life, an after-tax net present value of $485 million and a 24% internal rate of return. Capital costs are pegged at $264 million. “We have a very clear strategy to grow,” Barbosa said. “We are super proud to be delivering on the strategy that we laid out back in 2020 when we joined the Brazil Stock Exchange.” That strategy focuses on delivering on its greenfield projects, such as Almas and Matupá in Brazil, increasing investments in exploration to raise mine lives and continuing to grow through M&A. Looking ahead at the rest of the year, Aura plans to declare commercial production at its Borborema gold mine in Brazil and close the MSG transaction with AngloGold Ashanti in the third quarter, Barbosa said. It also aims to complete a feasibility study for Era Dorada by the end of this year or early next year.