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Marinade Finance, the non-custodial staking protocol on Solana, is among the top performers in the past 24 hours. Although MNDE (No data)E crypto prices have cooled off, the uptrend remains. According to market data, MNDE crypto spiked 33% on August 6. At press time, prices are down, but the buyers are squarely in charge. MNDE Crypto Rallying From the daily chart, the August 5 bullish engulfing bar closed above local liquidation levels, reversing losses of late July 2025. If buyers push on today, rejecting lower lows and unwinding losses of earlier today, a break above $0.116 will be bullish for MNDE. MNDEPriceMNDE24h7d30d1yAll time In that event, there is a high probability that the token will fly to $0.15 and back to Q2 2025 highs. At that pace, MNDE will easily outperform some of the top Solana meme coins. However, the pace of this growth will depend on how fast Bitcoin, Solana, and other best cryptos to buy perform. If Solana breaks $200, its ecosystem tokens, including MNDE, will likely rise with the tide. On the flip side, if prices dump, MNDE bulls may find it hard to sustain the August 6 momentum. DISCOVER: Best New Cryptocurrencies to Invest in 2025 What is Marinade Finance? Marinade Finance is a non-custodial staking protocol on Solana. Like alternatives, including Jito Protocol, the platform allows users to trustlessly stake SOL and earn rewards without sacrificing liquidity or control. Stakers of SOL receive mSOL, the liquidity-staked token. Liquidity-staked tokens from Marinade Finance can be moved to other DeFi protocols on Solana or other supported platforms to earn yield or act as collateral. On the other hand, users can natively stake on Solana via Marinade Finance without smart contract intervention. Behind the protocol is a DAO where MNDE token holders can vote and pass important governance decisions, including treasury management and validator selection. DISCOVER: 20+ Next Crypto to Explode in 2025 What’s Driving MNDE Crypto Demand? Confidence in MNDE follows the recent SEC guidance on liquid staking, issued on August 5. The regulator said liquid staking, under certain conditions, doesn’t constitute offering unregistered securities. The guidance was a massive victory for proof-of-stake networks like Solana and liquid staking providers like Marinade Finance. Of importance, the guidance, though non-binding, will remove the regulatory uncertainty that has long loomed over staking protocols. With mSOL seen as a secure, liquid yield-generating asset on Solana, institutions and retail investors will likely flock to Marinade Finance, boosting fee revenue. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Marinade Finance also finalized MNDE buybacks and active staking rewards on August 6. If MIP-13 is approved by the community, the protocol will use 50% of its monthly revenue to buy back MNDE tokens and move them to the DAO treasury. Under MIP-13, the community is also introducing active staking rewards (ASR). They plan to distribute 25 million MNDE tokens to active voters in 2025. The amount earned by a voter will depend on their voting frequency and size. This program encourages holders to continue HODLing while simultaneously directly incentivizing holders to participate in governance. Another proposal, which is yet to be formally submitted on the governance forum, seeks to burn 10% of the total supply. If this proposal goes through, the total supply will reduce from 1 billion to 900 million. DISCOVER: Best Meme Coin ICOs to Invest in 2025 What is Marinade Finance? Why is MNDE Crypto On Fire? Marinade Finance is a non-custodial staking platform on Solana MNDE crypto is among the top performers SEC guidance on liquid staking is driving demand MIP-13 proposal introduces a buyback program The post What is Marinade Finance? Why is MNDE Crypto On Fire? appeared first on 99Bitcoins.

The Spot Ethereum ETFs have recorded significant outflows recently, sparking a bearish sentiment for the ETH price. These outflows also come at a time when the altcoin has dropped from a six-month high of $3,900 and looks to retest the psychological $3,000 level. Ethereum ETFs See Record Outflows Putting The ETH Price At Risk SoSo Value data shows that the Ethereum ETFs recorded a net outflow of $465.06 million on August 4, their largest outflow since they launched last year. These funds also recorded a net outflow of $152.26 million on August 1, which was the first net outflow after 20 consecutive days of net inflows. These outflows from the Spot Ethereum ETFs indicate a wave of profit-taking, especially considering that the ETH price had rallied to a six-month high of $3,900 last month. Outflows from these funds are bearish for ETH as they can add selling pressure, with fund issuers selling coins to redeem shares. However, a positive is that these net outflows from the Spot Ethereum ETFs have been short-lived. Further data from SoSo Value shows that these funds recorded net inflows of $73.22 million and $35.12 million on August 5 and 6, respectively. This coincides with the rebound in the ETH price, which hit the $3,700 level in the last 24 hours. Another streak of consecutive net inflows for the Spot Ethereum ETFs could spark another uptrend for the ETH price. Moreover, the Ethereum treasury companies like BitMine, SharpLink, and the Ether Machine continue to create massive demand for ETH as they expand their treasuries. BitMine’s Ethereum holdings topped 833,000 ETH this week, making it the largest ETH treasury in the world. Will the ETH Price Crash Below $3,000? BitMEX co-founder Arthur Hayes has predicted that the ETH price could at least retest the $3,000 level. He highlighted the Trump tariffs, which take effect today, as one of the reasons that he holds this bearish sentiment towards Ethereum. The crypto founder also indicated that there isn’t enough liquidity in the market currently to boost crypto prices. However, from a technical analysis perspective, crypto analyst Titan of Crypto has predicted that the ETH price is likely to continue its uptrend soon enough and avoid a drop to $3,000. In an X post, he highlighted a Bull Pennant pattern, which puts $5,000 in sight for ETH. The analyst remarked that this pattern is shaping up on Ethereum and that if it confirms, then the technical target stands at $5,000. At the time of writing, the Ethereum price is trading at around $3,680, up almost 2% in the last 24 hours, according to data from CoinMarketCap.

Australian researchers have upended decades of geological theory, revealing that the world’s richest hard-rock lithium deposits likely formed deeper in the Earth than previously thought. The breakthrough, led by Curtin University and the Geological Survey of Western Australia (GSWA), proves those deposits developed closer to the mantle, not near the surface. The discovery could redefine how and where lithium is explored globally. It comes as demand surges for the critical mineral, used in batteries for electric vehicles, smartphones and renewable energy storage systems. Professor Hugh Smithies, lead author and geologist with Curtin’s Frontier Institute for Geoscience Innovation and GSWA, said the findings offer a new framework for understanding lithium formation. The research shows lithium-rich magmas likely formed when mantle-derived melts were remelted and channelled along deep fault zones, enriching ancient crustal rocks. “This connection to deep mantle magmas and enriched crustal sources helps explain why WA’s ancient terrains, which lack the sedimentary rocks long thought necessary, host some of the world’s largest lithium deposits,” Smithies said. “It could expand exploration potential into previously overlooked regions.” Western Australia already produces around 35% of the world’s lithium, which is more than 1.5 times Chile’s output, the next-largest supplier. Most of this comes from pegmatite, a coarse-grained igneous rock common in WA’s Archean terrains, which are over 2.5 billion years old, like those in the Pilbara and Yilgarn regions. While most hard-rock lithium is sourced from similar formations, current exploration models are largely based on younger geological systems. The GSWA’s research challenges these models, showing that Archean lithium systems follow their own rules and depend on a unique set of deep-earth processes. The new findings suggests that Archean lithium systems follow distinct rules and require a unique set of geological features for the formation of these deposits. The study’s findings, published in Nature, arrive at a pivotal moment. As lithium demand continues to climb, the authors say this new understanding could reshape exploration strategies not just in Western Australia but worldwide.

I Buy the Dip, Sell the Blip — What Does It Mean? What Does It Mean to Buy the Dip or Sell the Blip in Trading? Have you ever heard the phrase “buy the dip” or “sell the blip” and wondered what it really means? While interpretations vary, the core idea is simple yet powerful: One side of the market is stronger, and that’s the side you want to trade with. Whether you’re a day trader or swing trader, this concept helps you enter with momentum after a temporary price pullback. Let’s break it down. What Does It Mean to Buy the Dip or Sell the Blip in Trading? Understanding Market Momentum and Retracements Markets move in waves, and a trend builds momentum by creating new highs in an uptrend or new lows in a downtrend. Traders often get caught chasing these moves too late, only to get stopped out during inevitable retracements. That’s where buying the dip (in an uptrend) or selling the blip (in a downtrend) comes in. Instead of entering on strength, you wait for a temporary pullback that doesn’t violate the overall trend. This allows you to enter with better risk/reward and less competition. Buy the dip: Enter long on a pullback in an uptrend. Sell the blip: Enter short on a bounce in a downtrend. Why Do Dips and Blips Happen? Trends don’t move in straight lines. Here’s why temporary reversals, otherwise known as dips and blips, are common:and necessary to continue the trend. 1. Stop Hunts & Algos In markets like forex, algos frequently push prices to run stops, both in retracements as well as above recent highs or below recent lows, especially intra-day. Once a retracement or pullback runs out of steam, algos will look to run stops above intra-day highs or lows given the opportunity/ 2. Positioning Imbalances When too many traders are long or short, the market becomes one-sided. A shakeout is needed to reduce this imbalance, flush out weak hands, and set up the next trend leg. Key Rules for Buying the Dip or Selling the Blip This isn’t about blindly entering every pullback. Here’s how to do it with a strategic edge: Identify the Dominant Trend Use moving averages, price structure, or momentum indicators to determine the direction of the prevailing trend. A simple and visual way is to use The Amazing Trader charting algo. When red liness dominate, it is an uptrend with momentum. When blue lines dominate, it is a downtrend with momentum. EURUSD 4 HOUR CHART – TREND UP – RED LINES DOMINATING EURUSD 5 MINUTE CHART – BLUE LINES DOMINATING =- RETRACEMENT Wait for a Retracement That Doesn’t Break Key Levels Look for pullbacks that stop short of support (uptrend) or resistance (downtrend) zones. Deep retracements can work on higher timeframes, but shallow dips or blips are preferred in day trading. Confirm Shakeout Activity Volume spikes, wicks, or fast reversals often signal that weak positions have been flushed, making way for a trend continuation. The Psychology Behind the Strategy A trend resumes when the market can no longer absorb buying or selling against the trend. Once weak longs or shorts are out of the way, there’s less resistance in the direction of the trend, creating the ideal opportunity for entries. Pro tip: Weak positions provide liquidity by exiting early or getting squeezed out in a retracement. Once they’re gone, fresh momentum can build with less friction as a market has less ability to absorb fresh buying or selling with the trends there are fewer positions to take profit and provide liquidity. Why Most Day Traders Use This Approach Most retail traders are day traders, and this strategy caters perfectly to short-term setups. Intra-day dips and blips are often: • Shallow but fast • Driven by stop hunts or news spikes • Followed by snapbacks in the trend direction The key is to let the market show its hand and then ride the wave when the trend regains control. Trade With the Strong Side In trading, choosing the right side of the market is more than half the battle. “Buy the dip, sell the blip” is more than just a catchy phrase, it’s a disciplined, momentum-based trading strategy rooted in price action and market psychology. Stick with the trend, avoid emotional entries, and look for retracements that set up low-risk, high-reward trades. Buying a dip or selling a blip means entering on a pullback in the direction of a strong trendafter weak hands are flushed out. It’s a smart way to trade with momentum and improve your odds of success. To learn more and master the markets Take a FREE Trial of The Amazing Trader – Click HERE The post What Does It Mean to Buy the Dip or Sell the Blip in Trading? appeared first on Forex Trading Forum.

With the increased adoption of cryptocurrency and its inherent nature of facilitating simplified, cross-border transactions, there has been a massive crypto payroll surge over the last year. According to Pantera Capital’s 2024 Blockchain Compensation Survey, published on 5 August 2025, more than three times as many people received compensation in cryptocurrency compared to the previous year. Additionally, the survey highlighted USDC standing out as the most popular digital asset for payroll purposes. Interestingly, USDC made up 63% of all salaries paid in digital assets, way ahead of USDT’s 38.6% share. Other tokens like Solana and Ethereum trailed behind, representing just 1.9% and 1.3% respectively. The survey articulated that in 2023, only 3% of its participants received a portion of their salary in crypto. By 2024, that percentage had more than tripled to 9.6%. Blockchain-native companies and DAOs (Decentralised Autonomous Organisations) particularly pushed this phenomenon by increasingly opting to pay their employees or contributors in stablecoins and tokens. Meanwhile, the percentage of workers being paid entirely in fiat currency fell from 97% to 89.1%. This shift signals a growing openness among organisations to embed digital assets into routine payroll practices, especially for roles that are cross-border in nature or operate within decentralised frameworks. The survey takes into account blockchain engineers, product managers, legal experts and operations staff across the sector and highlights the notion of stablecoins moving beyond their traditional roles in trading and DeFi, and emerging as practical instruments for payroll and cross-border payments, especially in blockchain-native organisations. Explore: Top Solana Meme Coins to Buy in August 2025 Factors Driving USDC’s Role In Crypto Payroll Surge For teams that are globally distributed, the survey finds that crypto-based compensation makes a lot of sense when they compare its advantages to traditional systems Near-instant settlements, reduced transaction costs and seamless access to dollar-dominated value in regions that face banking hurdles or currency volatility are all great strengths of a crypto-based remuneration system. Moreover, Circle’s commitment to financial integrity and its institutional-grade stability, demonstrated by its move to publish detailed reserve breakdowns and its secure backing through US treasuries, has boosted confidence among its user base. Explore: 10+ Crypto Tokens That Can Hit 1000x in 2025 Hybrid Payroll Arrangements Are Gaining Traction Although crypto is growing in stature, fully crypto-based salary payment is still in its infancy. What workers are going for is more of a hybrid arrangement where companies are allowing their employees to receive a part of their salary in fiat and the rest in digital. This flexibility allows employees to dollar-cost average into crypto markets and spend seamlessly via a Web3 wallet. While Pantera Capital’s report did not disclose any regional trend, Asia-based teams and contractors likely fuel the uptick in crypto-denominated salaries by favouring stablecoins for low-cost, cross-border transactions. This shift coincides with the maturing of crypto-native businesses, which are now formalising operations. Improvements made in treasury management tools, real-time payroll infrastructure and accounting platforms are playing a key role in bringing down the logistical barriers to paying in crypto. Explore: 20+ Next Crypto to Explode in 2025 Key Takeaways Crypto-based payrolls have tripled in the last year[, currently standing at 9.6%, up from 2023’s 3%/key_takeaway] Globally distributed employers paid 63% of all digital salaries in USDC The percentage of employees who received only fiat currency dropped from 97% to 89.1%./key_takeaway] The post USDC Drives 3x Surge in Crypto Payrolls Over Past Year appeared first on 99Bitcoins.

James Howells, the British man who famously lost access to 8,000 Bitcoin in a 2013 landfill accident, is setting the record straight. Taking to X (formerly Twitter), Howells pushed back against recent social media claims that he has abandoned his search. He firmly denied the rumors and revealed a new strategy to reclaim his lost fortune, now worth roughly $923 million. Although he’s no longer seeking permission from his local council to search the landfill, he’s far from done. Howells Debunks Rumors, Plans To Turn His Lost $1 Billion In Bitcoin Into Ceiniog Coin In the post shared on X, Howells confirmed he has not given up and slammed years of rejection from Newport City Council. For over a decade, he says he tried public proposals, legal talks, mediation, and even offered over $30 million to recover the drive buried in the landfill. “$1 billion and they ignored it all,” he wrote. With no response from the council, he has decided to stop waiting. Instead of continuing legal fights or making more offers, Howells announced a new plan: to tokenize the entire wallet of 8,000 BTC into a new cryptocurrency called Ceiniog Coin (INI). Named after an ancient Welsh coin, Ceiniog will act as a Layer 2 token built on Bitcoin, matching 1:1 with satoshis, the smallest unit of Bitcoin. He plans to create 800 billion INI tokens, each directly linked to the 8,000 BTC sitting on the lost drive. According to Howells, Ceiniog will launch in late 2025, powered by Bitcoin’s OP_RETURN functionality. It will integrate with Web3 projects like Stacks, Runes, and Ordinals. With the ICO planned later this year, Howells hopes the coin’s market value will eventually match that of the lost BTC, making him a theoretical billionaire, just 8.34% away from that goal based on current prices. How He Lost The Bitcoin And What He’s Done To Get It Back The saga began in 2013, when James Howells, a British IT professional, accidentally threw out a hard drive that contained the keys to 8,000 BTC, now worth nearly a billion dollars. Realizing the mistake too late, Howells spent the next 12 years trying to recover it. He submitted detailed recovery proposals, including environmental clean-up plans and AI-powered landfill scans. He even offered to raise $75 million by selling 21% of the Bitcoin’s value to fund the excavation. His most recent formal offer in July 2025, worth between $33 million and $40 million, included a full purchase of the landfill and a cleanup strategy. Citing environmental risks and lack of confidence in the outcome, the Newport City Council rejected the plan. Now, instead of digging through landfill waste, Howells is building Ceiniog Coin as his way of reclaiming what he believes is rightfully his. He plans to debut the coin at a discount, letting early supporters buy in before the coin reaches its full value. Over time, he hopes the token’s value will naturally rise to reflect the worth of 8,000 Bitcoin.

Liquid staking is a core part of crypto, especially proof-of-stake ecosystems, including Ethereum and Solana. Because community members must run nodes and “stake” or “lock up” assets to secure the network, their involvement is necessary for its security. The more participants, the more resilient the blockchain is against attacks from malicious third parties. Therefore, on August 5, when the United States Securities and Exchange Commission (SEC) issued new guidance suggesting that certain liquid staking activities won’t fall under its regulatory purview, the excitement in the liquid staking market was palpable. Even though non-binding, this guidance was seen as a major step towards the United States, especially SEC officials, embracing crypto innovation. However, while it is transformative, not everyone is supportive. SEC Commissioner Caroline Crenshaw is critiquing the validity of this guidance, thereby casting a shadow over hopes of liquid staking integration into spot Ethereum ETFs and similar products tracking networks like Solana, that depend on liquid staking providers for extra security. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 The SEC’s Position on Liquid Staking Liquid staking is a cornerstone of crypto, especially DeFi. According to Coingecko, the industry now commands over $89 billion in total value locked (TVL), exceeding the market cap of the top Solana meme coins. (Source: Coingecko) Under liquid staking, crypto holders can stake their assets like ETH and SOL via providers like Lido Finance, Marinade Finance, or even Rocket Pool while receiving liquid tokens representing their staked assets. These liquid staking tokens (LSTs) can be traded or used in other DeFi protocols, offering flexibility, all while ensuring the staker doesn’t fail to secure the underlying network. Historically, especially under Gary Gensler, the SEC has been stringent, arguing that many staking programs, including liquid staking, resemble the offering of investment contracts under the Howey Test. They compared staking and liquid staking activities as securities offerings since stakers expected profits from the efforts of others. Accordingly, this perspective led to enforcement actions, which saw Kraken shut down its staking program in the United States. There was also scrutiny for many providers offering staking-as-a-service. On August 5, the SEC, through the Division of Corporation Finance, released a non-binding guidance that changed their position. They said that certain liquid staking arrangements, especially if the token in question powers a truly decentralized network, don’t necessarily meet the criteria set by the Howey Test, and thus are not securities offerings. Paul Atkins, the SEC chair, added that this guidance, though not a formal rule and doesn’t carry legal weight beyond staff interpretation, was a “significant step” towards regulatory clarity in crypto. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Crenshaw’s Dissent: A Regulatory Reality Check Since the guidance is open to diverse interpretation, Commissioner Caroline Crenshaw issued a scathing dissent, saying it heavily relied on unsupported assumptions, especially on the structure of the liquid staking program. She argued that the guidance fails to reflect the complex realities of the DeFi ecosystem, warning that since it is also non-binding in nature, it offers little protection for platforms and entities involved in liquid staking. Accordingly, given her stance, it may appear that liquid staking programs may still be engaged in the illegal offering of unregistered securities. Crenshaw warns those engaged in liquid staking activities to proceed cautiously and that the guidance might not “reflect prevailing conditions on the ground.” “Given its unsupported factual assumptions and circumscribed legal analysis, the Liquid Staking Statement should provide little comfort to entities engaged in liquid staking, especially since, as the statement rightly notes, it only “represents the views of the staff of the Division of Corporation Finance,” not the views of this or any future Commission.” DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Implications for Spot Ethereum ETF Issuers Her philosophical position puts her at odds with Atkins, who advocates for lighter regulations in crypto to boost innovation and the flow of capital to some of the best meme coin ICOs. This may also be a blow for spot Ethereum ETF issuers, who were confident the SEC would permit them to stake underlying share collateral and earn a yield. When the SEC approved spot Ethereum ETFs in 2024, it excluded staking features. Their concerns were that staking would effectively classify these ETFs as securities now that issuers would generate passive income. This was different from spot Bitcoin ETFs because Bitcoin doesn’t support staking. The SEC guidance raises hopes that Grayscale, BlackRock, and other spot Ethereum ETF issuers could integrate liquid staking into ETFs without triggering securities laws in the United States. Doing so will align with global trends, as countries like Canada and regions like Hong Kong support approved crypto ETFs with staking components. Crenshaw’s dissent, given the guidance’s non-binding authority, dashes these hopes. Her warning implies that the regulator could still pursue enforcement actions against spot Ethereum ETF issuers in the United States should they integrate liquid staking programs. For now, issuers would have to wait, aware that they cannot rely on this guidance without more legal advice from the SEC. DISCOVER: 20+ Next Crypto to Explode in 2025 SEC Commissioner Critiques Liquid Staking, No Hope for ETF Staking? Liquid staking is a core part of proof-of-stake systems SEC issued guidance supporting certain liquid staking programs Caroline Crenshaw opposes the SEC’s guidance on liquid staking Delays expected before spot Ethereum ETF issuers integrate liquid staking The post Did the SEC Just Back Down on Liquid Staking: SEC Commissioner Shuts Down Staking ETF Hopes appeared first on 99Bitcoins.

Rio Tinto (ASX, LON: RIO) has approved a $180 million investment in the Norman Creek bauxite project on Queensland’s Cape York Peninsula, aiming to unlock nearly half of the 978 million tonnes in reserves across its Amrun operation. Bauxite is primarily used as the main raw material for producing alumina, which is then used to create aluminum metal. Construction is already underway, including a 19-km haul road, camp facilities, and a communications tower. First production is targeted for 2027, with full project completion expected in 2028. The Amrun mine, which began operations in 2018, recently reached full production capacity for the first time. The Norman Creek development marks a major step in extending the life of Rio Tinto’s Weipa operations. “Norman Creek is another important step in securing the long-term future of our Weipa operations, and the benefits that mining brings to communities in the region, Queensland, and the nation,” Rio Tinto Pacific Operations Aluminium Managing Director Armando Torres said. The investment will be recorded as replacement capital and is already included in the company’s capital guidance. In addition to the Norman Creek project, Rio Tinto has begun early works and a final feasibility study on the Kangwinan project, also located within the Amrun mine. If approved, Kangwinan would add up to 20 million tonnes of annual bauxite capacity, almost doubling current output, and expand export capabilities through the Amrun port. Named by the Wik Waya Traditional Owners, the Kangwinan project is expected to replace declining production from the Andoom mine and the Gove operation, both slated to wind down later this decade. First output from Kangwinan could arrive by 2029.

Join OANDA Market Analyst Kenny Fisher, Nick Syiek (TraderNick) and podcast host Jonny Hart as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. 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.

Risk-on sentiment was on full display since the start of this week, as optimism around the US technology boom driven by Artificial Intelligence (AI) once again overshadowed more worrisome global developments on tariffs and growth. AI optimism triggered another bullish impulsive move on US equities On Wednesday, 6 August, U.S. equities rallied on news that OpenAI—the creator of ChatGPT and a leading force in the ongoing AI boom—is considering a stock sale that could value the company at $500 billion, a significant leap from its current $300 billion valuation. Meanwhile, President Trump’s announcement of a proposed 100% tariff on semiconductor imports was largely shrugged off by investors. The impact was softened by incentives: U.S. corporations could be exempt from the levy if they commit to reshoring production. Apple Inc. was cited as a model example. The S&P 500 and Nasdaq 100 extended their short-term bullish momentum that began on Monday, 4 August, posting intraday gains of 0.7% and 1.3%, respectively. The Dow Jones Industrial Average underperformed slightly with a modest 0.2% gain. Asian markets followed the positive sentiment today, with bullish momentum persisting. S&P 500 and Nasdaq 100 E-mini futures advanced a further 0.7% by the end of the Asia trading session. Let’s now decipher the US Nasdaq 100 CFD Index from a technical analysis perspective and construct a medium-term (multi-week) trading set-up. Fig. 1: US Nasdaq 100 CFD Index medium-term trend as of 7 Aug 2025 (Source: TradingView) Fig. 2: Nasdaq 100 major trend with S&P 500 momentum/S&P 500 relative strength & US Treasury yield curve as of 6 Aug 2025 (Source: TradingView) Preferred trend bias (1-3 weeks) The minor corrective decline of -4.4% from 31 July 2025 high to 1 August 2025 low is likely to have ended. The US Nasdaq 100 CFD Index is now in the process of shaping a potential bullish impulsive up move sequence within its medium-term uptrend phase. Bullish bias with key medium-term pivotal support at 22,945 for the next medium-term resistances to come in at 23,820 and 24,164/24,220 (Fibonacci extension cluster and upper boundary of a medium-term ascending channel in place since 19 June 2025 low) (see Fig. 1). Key elements Price actions of the US Nasdaq 100 CFD Index have reintegrated above and retested the 20-day moving average on Wednesday, 6 August 2025, indicating the potential start of another bullish impulsive up move sequence.The 4-hour MACD trend indicator of the US Nasdaq 100 has just trended upwards above its centreline, which suggests the potential start of a new medium-term (multi-week) uptrend phase.The S&P 500 Momentum factor exchange-traded fund (ETF) has continued to outperform the S&P 500 ETF since the end of March 2025. Based on past observations, this momentum outperformance has supported the medium-term and major uptrend phases of the US Nasdaq 100 CFD Index (see Fig. 2).The US Treasury yield curve (10-year yield of the US Treasury note minus the 2-year yield of the US Treasury note) has flattened since early April 2025. This observation suggests falling US interest rates, which directly increase bond prices and returns in the short run. However, higher bond prices mean lower yields and lower returns for bonds in the future, which in turn, drive investors into the US stock market. An indirect medium-term positive driver to support further potential upside in the US Nasdaq 100 CFD Index (see Fig. 2).Alternative trend bias (1 to 3 weeks) Failure to hold the 22,945 key support invalidates the bullish tone to open scope for another corrective decline to expose the next medium-term supports at 22,670 and 22,410 (also close to the 50-day moving average). Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Dogecoin has now entered the longest period below its all-time high in its history—over 1,550 days and counting—with crypto analyst VisionPulsed warning that while a breakout may eventually come, the asset remains locked in what he calls a “bearish forever” pattern. In his August 6 video update, VisionPulsed provided a sobering macro-to-micro analysis of Dogecoin’s price action, underscoring the asset’s historic underperformance compared to other large-cap cryptocurrencies. “We’re now setting a Guinness World Record for most days below the all-time high for Dogecoin,” he remarked. “First cycle was 1,200 days, second cycle was 1,126. Right now, we are at a staggering 1,550-plus days.” That milestone, he argued, is not just symbolic—it reflects deep structural weakness in DOGE’s market cycle. And despite growing chatter in the macro space about a potential liquidity-driven reversal, he’s not yet convinced that Dogecoin is ready to respond. A central theme of the analysis is the Global M2 money supply, which VisionPulsed has tracked for months as a leading macro indicator for crypto risk appetite. While he acknowledges that the M2 bottomed in June, he emphasizes that this alone hasn’t historically triggered immediate upside for Dogecoin. “The Global M2 has put in a bottom… but Dogecoin did not move higher until the M2 shot up. And we don’t have that yet,” he explained. “Could we still be bearish? Technically yes… because it’s always bearish forever and ever.” Ethereum, by contrast, is described by the analyst as “much more sensitive to the M2,” and has begun showing signs of recovery. This divergence, in his view, reinforces the idea that DOGE may continue to consolidate or retrace further before making a meaningful move. Dogecoin Chop Before Pop? VisionPulsed suggests that Dogecoin is likely forming a choppy consolidation structure, similar to prior phases that eventually resolved to the upside. He doesn’t dismiss the possibility of a rally in the near future—particularly if price holds current levels through mid-August—but cautions that the bullish case remains highly conditional. “If Dogecoin can do this exact move [sideways accumulation], then it should turn bullish,” he said, referencing a historical fractal that played out prior to earlier rallies. He draws a parallel between sentiment metrics (such as YouTube view counts) and market behavior, noting that in previous local bottoms, low engagement marked exhaustion in retail capitulation. This time, however, he concedes that the floor may already be forming higher—potentially due to increased market maturity or broader interest in crypto assets. Long-Term Targets: $0.90 To $1.50 While the current tone remains cautious, VisionPulsed outlines a clear set of long-term price targets if and when a macro reversal does take hold. He splits these into two categories: conservative and speculative. “A more conservative estimate… is this lower end here, 90 cents to 1.14,” he said, noting that $0.91+ could begin to mark a top under the right conditions. Related Reading: Dogecoin Just Hit A Prime Risk-Reward Entry, Says Analyst For the more optimistic crowd, the so-called “moonboys,” he still sees room—albeit less likely—for a run toward $1.50 or even $2. “Even I used to say $2,” he added. “I think the highest I could go for a moonboy expectation is right here in this vicinity between $2 to $1.50.” Importantly, he stops short of making any time-bound prediction, reiterating that macro trends, M2 velocity, and broader altcoin sentiment must first align for any of these targets to come into play. As the crypto market heads into the later months of the year, VisionPulsed points out that historical cycles have often accelerated around this phase, with several final rallies initiating in the August–September window. “The further and closer we get to the end of the year, it has to start moving faster… At least in recent history, when we’ve gotten to where we are, you’ve gone up for your final rally,” he noted. At press time, DOGE traded at $0.206.

The British pound is up for a fifth consecutive day. In the European session, GBP/USD is trading at 1.3370, up 0.17% on the day. The pound has climbed 1.2% in the current rally. BoE expected to cut, split vote likely The Bank of England is widely expected to lower the cash rate by a quarter-point at today's meeting. This would bring the rate down to 4.0%, its lowest level since March 2023. The BoE finds itself between a rock and a hard place, and that will likely be reflected in a split decision by MPC members. The UK economy is struggling, which supports the case for a rate cut. The economy contracted in April and May and wage growth is slowing. There are signs that the labor market is cooling, as employers have decreased hiring after the budget hiked payroll taxes and the minimum wage. The other side of the coin is the inflation picture. Inflation has been moving higher and hit 3.6% in June, up from 3.4% a month earlier. This is significantly higher than the BoE's 2% target and a rate cut would likely boost inflation even higher. The decision will likely be a split vote, with up to three MPC members voting against a quarter-point cut. In May, the last time the BoE lowered rates, the vote was split three ways in what was considered as "hawkish cut". That scenario could repeat itself at today's meeting. With a rate cut today, the BoE will be signaling that it is more concerned about economic growth than the upside risk of inflation. That stance could change if inflation gets uncomfortably high. GBP/USD Technical 1.3389 has held in resistance since July 28. Above, there is resistance at 1.34221.3336 and 1.3303 are providing support GBPUSD 1-Day Chart, Aug. 7, 2025 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.

The broader market is still dragging its feet out of July’s slump, but PUMP is doing what it does best: being a hit Black Eyed Peas song. We tried to make a joke on that song “Pump it”… I promise we’re not all nerds at 99Bitcoins. PUMP jumped 25% this week after a key whale wallet—0x9324—snapped up over $3 million worth. Add in 8.74 billion tokens burned since early August and coordinated buybacks, and you’ve got the recipe for a supply shock. Ethereum’s still sliding, Bitcoin is holding strong and PUMP just broke past resistance. Here’s where it goes next: “Whale accumulation plus supply compression is fueling this move, it’s textbook.” – Market analyst, CryptoQuant (PumpFun) DISCOVER: Top 20 Crypto to Buy in 2025 Pump Price Superapp Rumors Add Fire to the Narrative Behind the PUMP rally is talk of a new “superapp” with wallet integration, mobile features, maybe even full dApp compatibility. It’s all unconfirmed, but the rumors are moving the narrative. Helping the cause is a confirmed 24% airdrop to users worth $800 million at current levels. That’s unusually generous, even by meme token standards. “Even without clarity on the superapp, the airdrop plus the mobile tease is doing all the heavy lifting.” – Solana ecosystem KOL, X Key metrics back the surge: TVL on-chain up 18% Unique wallet activity up 9% Daily token burn peaked at 900M on Aug 6 The setup for PUMP is hot, but it’s only as good as the follow-through. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 Market Context: PUMP Leads a Quiet Meme Revival The broader crypto market is recovering after a rough start to August. Bitcoin and Ethereum are showing steady 2–3% gains. However, meme coins, especially those on Solana, are experiencing stronger inflows. While ETH hovers near $3,600, and XRP tests $3.00, degens have turned their attention to higher-beta assets like PUMP. Whether the mobile “superapp” materializes or not, the current setup has traders leaning bullish—at least for now. Investors should keep a close eye on $0.0034 resistance and volume spikes around whale wallets. As always in crypto, meme coins are here one day and dead the next. Just like the Black Eyed Peas. EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways The broader market is still dragging its feet out of July’s slump, but PUMP is doing what it does best and pumping Investors should keep a close eye on $0.0034 resistance and volume spikes around whale wallets. The post Is It Finally Time to PUMP? PUMP Price Analysis Shifts Bullish Amid Bitcoin Strength appeared first on 99Bitcoins.

Bitcoin Cash (BCH) might be back. It may not be stealing headlines, but BCH ▲2.71% but it has picked up speed trading at $564 with volume spiking 73% overnight. Market cap: $11.2 billion. Status: rising from the dead. While a small niche of BCH proponents still believe it will become the largest cryptocurrency in the world, many experts, investors, journalists and members of the crypto community either completely ignore it or openly ridicule it. So, what is Bitcoin Cash really, and is it still relevant in 2025 Bitcoin CashPriceMarket CapBCH$11.46B24h7d30d1yAll time Bitcoin Cash is One of The Only Major Alts Ripping Bitcoin Cash is one of the few majors holding firm while the rest of the altcoin field tests new lows. Currently at $572.23, BCH has posted a clean 17.2% gain over the past month and now stares down a heavy resistance zone near $718.55. Technically, the breakout from a falling wedge on the weekly chart adds fuel to the bullish case. On-chain data backs it up. According to IntoTheBlock’s IOMAP model, more than 334,000 addresses sit in profit just below the current price—forming a thick wall of support around $565.94. That’s not just structure; it’s ammo. If bulls stay in control, BCH could challenge $700 soon and may even test four-digit territory before year’s end. Bitcoin Cash (BCH) is an altcoin created in 2017 as a hard fork of BTC ▲2.04%. When Bitcoin Cash launched, all Bitcoin holders automatically became owners of an amount of BCH equal to their BTC holdings. Because of that, Bitcoin Cash was able to organically gain popularity and become one of the most influential altcoins in the ecosystem. On a technical level, Bitcoin Cash is very similar to the real Bitcoin, with one major difference: it promises to solve the scalability issues of Bitcoin by introducing larger blocks.’ Larger blocks mean that more transactions can be processed per second, which theoretically can mean that BCH would be more efficient as a payment method than BTC. While the block size of Bitcoin is 1MB, Bitcoin Cash increased that amount to 8MB. Block size is controversial for a simple reason: Smaller blocks mean higher decentralization. This is why this idea of BCH was unpopular and rejected by a vast majority of Bitcoin users. DISCOVER: 20+ Next Crypto to Explode in 2025 Will BCH Ever Replace Bitcoin? (X) Bitcoin Cash has managed to gain considerable popularity since its launch in 2017. In fact, BCH was one of the biggest movers in 2021, moving into the top ten cryptocurrencies by market cap. However, Bitcoin Cash still lacks the inertia that Bitcoin possesses. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Bitcoin has become adopted by tech giants, major financial institutions, investment funds. El Salvador became the first country to accept Bitcoin as legal tender and we haven’t seen anything similar for BCH. When someone says Bitcoin, everyone immediately think of BTC, but mybe BCH can have a part to play in the future. EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Bitcoin Cash (BCH) might be back. It may not be stealing headlines but we are seeing a comeback. Bitcoin Cash has managed to gain considerable popularity since its launch in 2017. The post Bitcoin Cash: Can It Ever Replace the Real Bitcoin? appeared first on 99Bitcoins.

Overview: After selling off sharply last Friday, the US dollar consolidated on Monday and Tuesday before taking another leg lower yesterday. It remains under pressure today, though it has stabilized in late European morning turnover, though even a dismal German industrial production report was unable to deter the euro from rising to almost $1.17. It bottomed near $1.14 last week. The greenback is softer against most the G10 and emerging market currencies. The prospect of a Bank of England rate cut shortly has not deterred the market from extending sterling's recovery. Three regional Fed presidents (Daly, Cook, and Kashkari) appear to be favoring a September rate cut. US reciprocal tariffs have been implemented, and while India has been hit with an extra 25% tariff for buying Russian oil, China has not and the August 12 deadline for a deal is approaching. News that the US tariffs on semiconductors will not be levied on companies that invest in the US saw Taiwan stocks rally nearly 2.4% today and South Korea's Kospi rose almost 1%. Most of the chips the US imports are embedded into products, but some industries, like autos, may be import chips separately. India's stocks bucked the regional trend but posted small losses (less than 0.2%). Europe's Stoxx 600 is up about 0.75%, which if sustained would be the largest gain in a couple of weeks. US index futures are also enjoying a firmer tone. Bond yields are softer. European benchmark 10-year rates are 1-2 bp lower and the 10-year US Treasury yield is off nearly a basis point to 4.23%. After yesterday's poor reception to the 10-year note sale, the US Treasury is back today, selling $25 bln 30-year bonds and $185 bln in bills. Gold is consolidating now after having approached $3400 earlier today, its best level in two weeks. September WTI settled below $65 yesterday for the first time since July 1. It is in about a $1 range today below $65.10. USD: The Dollar Index was sold to nearly 98.15 yesterday after having been turned back before the weekend, near 100.25. It remains on the defensive today, fraying the 98.00 area. Nearby support is seen around 97.85, which corresponds to the (61.8%) retracement of the DXY rally from the July 1 multi-year low. The line connecting July 1 and July 24 low is near 97.55 today. The five-day moving average may cross below the 20-day moving average in the next day or two. US nonfarm productivity and unit labor costs are not observed directly but are interpolated from the GDP data. That means that productivity recovered from a 1.5% decline in Q1 and unit labor costs cooled after spiking 6.6% in Q1. Wholesale sales and inventories may help economists fine-tune expectations for revisions to Q2 GDP. Perhaps most interesting today are the weekly jobless claims. It is one of the few labor market time series that did not show the weakness of last week's non-farm payroll report. Recall that initial jobless claims fell for six weeks through July 18. The four-week moving average peaked in mid-June (~246k) and in the week through July 25 were 221k, the lowest in three months. EURO: After consolidating the first two sessions this week, the euro took another leg up yesterday, reaching slightly above $1.1670. It approached $1.1700 today. It settled above the 20-day moving average ($1.1630) for the first time since July 25. The daily momentum indicators are poised to turn higher. It surpassed the (61.8%) retracement of last month's decline (~$1.1660). Above there, the trendline off the two highs in July comes in near $1.1765 today and about $1.1755 at the start of next week. The US two-year premium over Germany is near 180 bp. It reached 207 bp in early July. The low for the year was set in March a little more than 165 bp. Following yesterday's poor factory orders (-1.0%), Germany reported a 1.9% drop in industrial output (-0.5% was the median forecast in Bloomberg's survey). And adding insult to injury, May's 1.2% gain was revised to -0.1%. On a workday adjusted basis, German industrial production has fallen 3.6% over the past year. Separately, Germany reported a smaller than expected June trade surplus (14.9 bln euros) amid soft exports (0.8% month-over-month after a 1.4% decline in May) and a rebound in exports (4.2% vs.-3.9% in May). There is risk that the initial German Q2 GDP (-0.1%) is revised lower. CNY: The dollar hit a wall in the past three sessions slightly above CNH7.1955. The broader dollar pullback weighed on it, and the greenback was sold to around CNH7.1835, a new session low yesterday in the North American afternoon. It approached the lower end of this week's range extends CNH7.1765-75. The PBOC set the dollar's reference rate at CNY7.1345 (CNY7.1366 yesterday), which is the lowest since last November. China's July trade surplus narrowed more than expected to $98.2 bln from $114.75 bln in June. Exports rose 7.2 year-over-year (5.9% in June), and imports rose 4.1% (1.1% in June). In the first seven months of the year, China recorded a trade surplus of about $684 bln. In the January-July 2024 period, the trade surplus was around $521 bln. China found other sources of demand to replace the US, but, as we have argued, the US is finding it difficult to replace Chinese supply (e.g., rare earths for defensive and EV battery technology). Exports to the US fell 22% year-over-year (-16% in June) The US is saying it is close to a trade deal with China, which appears to be a pre-condition to a Trump-Xi meeting. JPY: The dollar was turned back from the 20-day moving average yesterday (~JPY147.85) despite the firmer US yields after the 10-year note auction tailed (high yield at the auction was above what was prevailing in the when-issued market). It fell to around JPY147 in the North American afternoon yesterday, and the losses were extended to JPY146.70 today. The five-day moving average has pushed below the 20-day moving average for the first time in about a month. Provided the JPY148 are continues to act as a cap, Tuesday's low slightly above JPY146.60 is the next immediate target, and the JPY145.85 area corresponds with the (61.8%) retracement of last month's rally and the July 24 low. A convincing break of that area could signal a test on the trendline drawn from the April and July low, seen near JPY144 tomorrow. Note that the Japanese government cut this fiscal year's growth forecast to 0.7% from 1.2%, partly reflecting the new US tariff regime. GBP: Sterling reached a high around $1.3310 last Friday after the poor US jobs report. It reached nearly $1.3370 yesterday, which is where the (50%) retracement is found of sterling's last leg lower from the July 24 high (~$1.3590). It edged up to $1.3380 today. The $1.3390-$1.3420 area contains other retracement objectives and the 20-day moving average. The trendline connecting last month's two highs is found near $1.3465 tomorrow, which is also the (50%) retracement of last month's losses. There is practically no doubt in the market that the Bank of England will cut its base rate by 25 bp today to 4.00%. It will be the third cut this year following two last year. The swaps market is anticipating another cut in Q4. It has slightly less than a 2/3 chance of cut in Q1 26. The terminal rate is seen between 3.25% and 3.50%. CAD: We often see the Canadian dollar performing relatively better in a firm US dollar environment and weaker in a soft dollar environment. To wit: CAD was the weakest of the G10 currencies in H1, rising by about 5.5% against the US dollar. In July, when the greenback was squeezed higher, the Canadian dollar was the best performing G10 currency (~-1.80%). In yesterday's weaker US dollar environment, the Canadian dollar was a laggard with about a 0.25% gain. Only the Swiss franc, among the G10 currencies performed worse, rising by about 0.15%. The US dollar, which reversed lower from about CAD1.3880 at the end of last week, fell to almost CAD1.3730 yesterday. It made a marginal new low today closer to CAD!.3720. The 20-day moving average and the (50%) retracement of the US dollar gains from the July 23 low (~CAD1.3575) are found in around CAD1.3725. Additional support may be encountered in the CAD1.3690-CAD1.3700 area. Canada sees the July IVEY survey ahead of tomorrow employment report. The IVEY survey tends to run hotter than the PMI. It averaged 51.23 in Q1 and 50.03 in Q2, which was the lowest quarterly average since Q2 20. The composite PMI has not been above 50 this year. It averaged 43.8 in Q2 and 46.1 in Q2. AUD: The Australian dollar extended its recover begun at the end of last week. It reached near $0.6510 yesterday, a five-day high. It overshot the (38.2%) retracement of its losses from the year's high recorded on July 24 (~$0.6625). Today, it surpassed the (50%) retracement and the 20-day moving average around near $0.6520 to reach $0.6540. The (61.8%) retracement is about $0.6245. Australia's June trade surplus widened to A$5.37 bln after a revised A$1.60 bln (initially A$2.24 bln) in May, the smallest surplus since 2018. Exports jumped 6%, while imports fell by 3.1%. The H1 25 surplus was about A$24.15 bln, around a quarter lower than in H1 24. Exports have fallen by an average of about 0.6% a month in H1 25 and fell by an average of 0.7% in H1 24. Imports rose by an average of 0.1% a month in H1 25, compared with a 1.1% average monthly increase in H1 24. MXN: The US dollar fell for the second consecutive session against the Mexican peso and the fourth session in the past five. It approached MXN19.00 at the end of last week and yesterday reached nearly MXN18.58. The dollar is pinned in a narrow MXN18.59-MXN18.6170 range today, which is an important day for Mexico. Mexico will see July CPI figures shortly and late today the central bank is expected to cut the overnight rate by 25 bp to 7.75%. The year-over-year headline rate is expected to have fallen for the second consecutive month and ease back into the 3% +/- 1% target range. The median forecast in Bloomberg's survey is for a 3.54% year-over-year rate. It so, it would match the lowest since the end of 2020. The core rate is firmer but is expected to moderate slightly after rising every month in Q2. The swaps market sees the terminal rate Mexico to be 7.50%, with a risk of 7.25%. The central bank may offer cautious forward guidance and barring a surprise, there is little to stop the dollar from testing the low for the year set last month near MXN18.51. We still think a move to MXN18.40 is still a reasonable target. Disclaimer

The FTSE 100 edged higher this morning ahead of the highly anticipated Bank of England (BoE) interest rate meeting. Read More: Bank of England (BoE) Meeting Preview: Job Market Holds the Key as 25 bps Cut Looms Markets are expecting a rate cut from the BoE today which could help propel the FTSE 100 to fresh all-time highs, Looking at a sector breakdown for the FTSE and consumer non-cyclicals leads the way with gains of 0.23% with only consumer cyclicals, financials,and technology (marginal) in the green as well. All other sectors are in the red at the time of writing. Source: LSEG Looking at companies, BAE Systems and Hikma Pharmaceuticals are weighing on the index with losses of 4.1% and 7.1% respectively. This was however offset thanks to significant gains from the Intercontinental Hotel Group which is trading around 7.% higher on the day. In other news, Halifax data was released this morning and showed UK house prices went up by 0.4% in July, the biggest monthly increase this year, helped by lower mortgage rates making homes more affordable. Technical Analysis - FTSE 100 From a technical standpoint, the FTSE has been rangebound since July 23. Having broken above crucial resistance at 9048 the index has held above this level with previous attempts to break lower met with significant buying pressure. Such an example occurred on Friday last week and saw the index find support at the 200-day MA on the H2 chart. Price is currently reston on the 100-day MA and attempts to push higher have thus far stalled. Immediate resistance is at 9144 before the 9157 and 8183 handles come into focus. Looking at the downside picture, support may be found at 9120 before 9082 and 9048 come into view. FTSE 100 (UK100) H2 Chart, August 7, 2025 Source: TradingView (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

When you hold a Saint-Gaudens Double Eagle in your hand, you’re not just holding a piece of gold—you’re holding a masterpiece born from ambition, artistry, and a pivotal era in American history. It’s not hyperbole to say this coin changed everything. Some call it the most beautiful coin the U.S. has ever produced. But what’s the story behind this legendary gold piece? And why has it captivated collectors and investors for over a century? Let’s take a walk through history to discover what makes the Saint-Gaudens Double Eagle a true American treasure. A President’s Vision: Theodore Roosevelt’s “Pet Crime” At the dawn of the 20th century, President Theodore Roosevelt wasn’t content with America’s coinage. He thought U.S. coins looked uninspired, even boring. And he was right. Compared to the classical coins of ancient Greece, American coins lacked artistry. So Roosevelt set out on a mission to change that. In 1905, he reached out to Augustus Saint-Gaudens, one of the most celebrated sculptors of the era, and asked him to redesign America’s gold coins. Roosevelt famously called the project his “pet crime,” and he was deeply involved in seeing it through. The result was the Saint-Gaudens Double Eagle, a $20 gold coin that redefined American coinage forever. The Artist Behind the Icon Saint-Gaudens was no ordinary artist. He was already famous for his monuments and sculptures, like the Robert Gould Shaw Memorial in Boston and the Standing Lincoln in Chicago. But he had never designed a coin before. That didn’t stop him. Saint-Gaudens took inspiration from ancient Greek coinage and classical sculpture to design a gold coin that embodied liberty, strength, and optimism. He wanted the coin to reflect the spirit of America at its peak, a young, growing nation bursting with energy. The result? A breathtaking obverse featuring Lady Liberty striding forward with a torch in one hand and an olive branch in the other. Her flowing robes and commanding stance evoke both classical beauty and national power. Behind her, rays of sunlight explode across the background, while the U.S. Capitol building sits at her feet. The reverse side of the coin is just as stunning. A bold American eagle soars across the sky at sunrise, symbolizing freedom and flight toward a bright future. A Coin Like No Other The Saint-Gaudens Double Eagle wasn’t just a visual triumph. It was also a technical challenge. Saint-Gaudens originally designed the coin in ultra high relief, which made the design stand out in near-sculptural detail. The problem? It was nearly impossible to mass-produce. Each ultra-high relief coin required multiple strikes to bring out the full depth of the design. While a few dozen of these magnificent pieces were struck in 1907, they proved too impractical for regular use. The U.S. Mint had to modify the design to lower relief versions, which still maintained incredible beauty but could be produced more efficiently. The first circulating Saint-Gaudens Double Eagles were minted in 1907, and production continued with some design tweaks until 1933. The 1933 Mystery: The Coin That Wasn’t Meant to Be Here’s where the story takes a dramatic turn. In 1933, during the Great Depression, President Franklin D. Roosevelt issued Executive Order 6102, effectively outlawing private gold ownership in the U.S. The government wanted to stabilize the economy and pull gold out of circulation. Although over 445,000 Saint-Gaudens Double Eagles were struck at the Philadelphia Mint that year, none were officially released for circulation. The coins were supposed to be melted down, and most were. But somehow, a few 1933 Double Eagles slipped through the cracks. For decades, they became the stuff of legend, popping up in private collections and sparking legal battles between the U.S. government and collectors. One of these coins made headlines in 2002 when it sold at auction for $7.59 million. Another broke records again in 2021, selling for an astounding $18.9 million, becoming the most expensive coin ever sold. These 1933 Double Eagles are more than rare. They’re iconic, mysterious, and wrapped in controversy. And they’ve only added to the legend of the Saint-Gaudens design. A Favorite Among Collectors and Investors The Saint-Gaudens Double Eagle isn’t just a pretty face. It’s also a favorite for gold investors and numismatists alike. Containing nearly one full ounce of gold (0.9675 troy oz), the coin has intrinsic value tied to the price of gold. But unlike modern bullion coins, Saint-Gaudens Double Eagles also carry historic and collectible premiums. Their value isn’t just based on gold weight. It’s shaped by the coin’s condition, mint year, and rarity. That’s why a circulated example might fetch a modest premium over melt value, while a rare date or mint state piece can command thousands or even millions of dollars. Why the Saint-Gaudens Double Eagle Still Matters What makes this coin so special, even today? It’s more than beauty. More than gold. The Saint-Gaudens Double Eagle tells a uniquely American story. It’s a story of art pushing boundaries, of presidents with bold visions, of economic upheaval and recovery. It’s a coin that came from a golden age, both literally and figuratively, and continues to shine more than 100 years later. Collectors chase it for its design. Investors seek it for its gold content. Historians admire it for what it represents: a moment in time when America set out to elevate even the smallest objects, like pocket change, into something extraordinary. Final Thoughts Whether you’re a seasoned collector or just starting your journey into rare coins and precious metals, the Saint-Gaudens Double Eagle deserves a spot on your radar. It’s the kind of coin that doesn’t just sit in a display case. It starts conversations, inspires awe, and connects you to a pivotal chapter in American history. If you’re looking to add this iconic coin to your collection or want to explore other rare gold coins, reach out to a reputable dealer with experience in high-grade numismatics. At Blanchard, we’ve helped clients secure exceptional pieces like the Saint-Gaudens for over 50 years. Let us help you find yours. The post The Saint-Gaudens Double Eagle: America’s Most Beautiful Coin and the Story It Tells appeared first on Blanchard and Company.

When you hold a Saint-Gaudens Double Eagle in your hand, you’re not just holding a piece of gold—you’re holding a masterpiece born from ambition, artistry, and a pivotal era in American history. It’s not hyperbole to say this coin changed everything. Some call it the most beautiful coin the U.S. has ever produced. But what’s the story behind this legendary gold piece? And why has it captivated collectors and investors for over a century? Let’s take a walk through history to discover what makes the Saint-Gaudens Double Eagle a true American treasure. A President’s Vision: Theodore Roosevelt’s “Pet Crime” At the dawn of the 20th century, President Theodore Roosevelt wasn’t content with America’s coinage. He thought U.S. coins looked uninspired, even boring. And he was right. Compared to the classical coins of ancient Greece, American coins lacked artistry. So Roosevelt set out on a mission to change that. In 1905, he reached out to Augustus Saint-Gaudens, one of the most celebrated sculptors of the era, and asked him to redesign America’s gold coins. Roosevelt famously called the project his “pet crime,” and he was deeply involved in seeing it through. The result was the Saint-Gaudens Double Eagle, a $20 gold coin that redefined American coinage forever. The Artist Behind the Icon Saint-Gaudens was no ordinary artist. He was already famous for his monuments and sculptures, like the Robert Gould Shaw Memorial in Boston and the Standing Lincoln in Chicago. But he had never designed a coin before. That didn’t stop him. Saint-Gaudens took inspiration from ancient Greek coinage and classical sculpture to design a gold coin that embodied liberty, strength, and optimism. He wanted the coin to reflect the spirit of America at its peak, a young, growing nation bursting with energy. The result? A breathtaking obverse featuring Lady Liberty striding forward with a torch in one hand and an olive branch in the other. Her flowing robes and commanding stance evoke both classical beauty and national power. Behind her, rays of sunlight explode across the background, while the U.S. Capitol building sits at her feet. The reverse side of the coin is just as stunning. A bold American eagle soars across the sky at sunrise, symbolizing freedom and flight toward a bright future. A Coin Like No Other The Saint-Gaudens Double Eagle wasn’t just a visual triumph. It was also a technical challenge. Saint-Gaudens originally designed the coin in ultra high relief, which made the design stand out in near-sculptural detail. The problem? It was nearly impossible to mass-produce. Each ultra-high relief coin required multiple strikes to bring out the full depth of the design. While a few dozen of these magnificent pieces were struck in 1907, they proved too impractical for regular use. The U.S. Mint had to modify the design to lower relief versions, which still maintained incredible beauty but could be produced more efficiently. The first circulating Saint-Gaudens Double Eagles were minted in 1907, and production continued with some design tweaks until 1933. The 1933 Mystery: The Coin That Wasn’t Meant to Be Here’s where the story takes a dramatic turn. In 1933, during the Great Depression, President Franklin D. Roosevelt issued Executive Order 6102, effectively outlawing private gold ownership in the U.S. The government wanted to stabilize the economy and pull gold out of circulation. Although over 445,000 Saint-Gaudens Double Eagles were struck at the Philadelphia Mint that year, none were officially released for circulation. The coins were supposed to be melted down, and most were. But somehow, a few 1933 Double Eagles slipped through the cracks. For decades, they became the stuff of legend, popping up in private collections and sparking legal battles between the U.S. government and collectors. One of these coins made headlines in 2002 when it sold at auction for $7.59 million. Another broke records again in 2021, selling for an astounding $18.9 million, becoming the most expensive coin ever sold. These 1933 Double Eagles are more than rare. They’re iconic, mysterious, and wrapped in controversy. And they’ve only added to the legend of the Saint-Gaudens design. A Favorite Among Collectors and Investors The Saint-Gaudens Double Eagle isn’t just a pretty face. It’s also a favorite for gold investors and numismatists alike. Containing nearly one full ounce of gold (0.9675 troy oz), the coin has intrinsic value tied to the price of gold. But unlike modern bullion coins, Saint-Gaudens Double Eagles also carry historic and collectible premiums. Their value isn’t just based on gold weight. It’s shaped by the coin’s condition, mint year, and rarity. That’s why a circulated example might fetch a modest premium over melt value, while a rare date or mint state piece can command thousands or even millions of dollars. Why the Saint-Gaudens Double Eagle Still Matters What makes this coin so special, even today? It’s more than beauty. More than gold. The Saint-Gaudens Double Eagle tells a uniquely American story. It’s a story of art pushing boundaries, of presidents with bold visions, of economic upheaval and recovery. It’s a coin that came from a golden age, both literally and figuratively, and continues to shine more than 100 years later. Collectors chase it for its design. Investors seek it for its gold content. Historians admire it for what it represents: a moment in time when America set out to elevate even the smallest objects, like pocket change, into something extraordinary. Final Thoughts Whether you’re a seasoned collector or just starting your journey into rare coins and precious metals, the Saint-Gaudens Double Eagle deserves a spot on your radar. It’s the kind of coin that doesn’t just sit in a display case. It starts conversations, inspires awe, and connects you to a pivotal chapter in American history. If you’re looking to add this iconic coin to your collection or want to explore other rare gold coins, reach out to a reputable dealer with experience in high-grade numismatics. At Blanchard, we’ve helped clients secure exceptional pieces like the Saint-Gaudens for over 50 years. Let us help you find yours. The post The Saint-Gaudens Double Eagle: America’s Most Beautiful Coin and the Story It Tells appeared first on Blanchard and Company.

Ripple Labs formally pushed back against a new US Senate draft bill – the Responsible Financial Innovation Act of 2025 – aimed at regulating the cryptocurrency market. The company behind the XRP Ledger warned that the proposed legislation could grant the Securities and Exchange Commission (SEC) excessive and indefinite power over major digital assets. In a detailed response submitted on 5 August 2025, Ripple argued that the bill in its current form would create more confusion than clarity. The company warned that the bill could stifle innovation and subject established tokens like XRP, Ethereum (ETH), and Solana (SOL) to perpetual regulatory oversight. “The draft creates more ambiguity than clarity for the industry in its attempt to delineate SEC jurisdiction over digital assets,” said Ripple. “It brings most tokens and projects into an SEC-administered gatekeeping and disclosure regime, even when sales or project activity fall outside the SEC’s traditional scope.” DISCOVER: 10+ Crypto Tokens That Can Hit 1000x in 2025 Current Definition of “Ancillary Asset” Risks Significant Regulatory Overreach Ripple, with first-hand experience of being in high-stakes legal battle with the SEC, claims that the bill contains vague language and could be manipulated by regulators to expand their authority. “The current definition of “ancillary asset” risks significant regulatory overreach because it effectively presumes that any token once offered in connection with an investment contract places future transactions of that token by the “originator” under SEC jurisdiction—indefinitely,” the company stated. Ripple’s Chief Legal Officer, Stuart Alderoty, contends that the SEC’s authority should be strictly limited to the specific transaction that qualifies as an investment contract under the Howey Test. The proposed bill would allow the SEC to use a token’s historical sale as a pretext to regulate all future transactions on secondary markets. Alderoty said that the draft provides a “backdoor to assert jurisdiction over present-day transactions based on conduct that is either irrelevant to the transaction at issue or barred from enforcement by fundamental legal protections.” Explore: XRP Just Hit All Time High: Ripple Crypto Touched $3.65 Before Retracing Back XRP ATH: Ripple Touched $3.65 In July Before Retracing XRP hit an all-time high of $3.65 on the 18th of July before cooling off slightly to around $3.46. That puts it above its 2018 peak and firmly back in the spotlight. It’s not just retail euphoria pushing this one. Institutional interest this time looks stronger, with XRP ▲1.27% overtaking Tether to become the third biggest crypto by market cap. Trading volume went parabolic into tens of billions, something you cannot see every day. After years of dormancy and courtroom drama, XRP just silenced all skeptics with an all-time high power move. On the 18th of July, 2025, XRP hit $3.65, finally topping the $3,40 record from back in 2018. Although the coin retraced, this rally wasn’t some fluke by any means. Market data shows XRP’s spot volume surged to $20 billion, with derivatives clocking in over $46 billion. This is a 135% surge for the spot and a 162% for the derivatives. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Key Takeaways Ripple’s concerns extend beyond just token classification. The company urged lawmakers to provide clear rules on which core blockchain activities—such as staking, mining, and participating in governance—should be regulated as securities. Given its decade-long experience navigating the murky waters of US crypto regulation, Ripple stated it is in a prime position to weigh in on the proposed legislation. The post Ripple Warns Senate: The New Crypto Bill Could Enable SEC “Overreach” appeared first on 99Bitcoins.

Leading influencer Ansem crypto is in the news due to unconfirmed reports that he has been arrested. The claims have been exacerbated by the X AI chatbot, Grok, who seems to be spreading the rumors when asked, “Who is Ansem?”. Ansem, who goes by @blknoiz06 on X, hasn’t posted on the site since July 30, which has been the main reason for the jail rumors. So as of right now, it seems that Ansem crypto is safe and well on vacation and not in jail on charges of soliciting male prostitution, causing a car crash, or any of the other wild rumors that have been reported over the past 48 hours. Before long, the infamous crypto influencer will likely be back on social media, posting about the latest meme coin narrative as he looks to call the next Dogwifhat (WIF) with yet another 1000X+ runner. EXPLORE: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post What Happened to Ansem Crypto? Has Blknoiz06 Really Been Arrested? appeared first on 99Bitcoins.

Paolo Ardoino, chief executive officer of stablecoin issuer Tether, has called Bitcoin “undefeatable” in a recent X post. The bold claim comes as markets wobble and digital assets face fresh downward pressure. Bitcoin’s price action has been muted this week, but Ardoino’s comment has stirred up plenty of talk among traders and analysts. Tether’s Bitcoin Holdings Grow According to reports, Tether has boosted its Bitcoin stash to nearly 80,000 BTC. That holding is worth more than $9 billion at current rates. The company’s steady buying suggests it sees deep value in Bitcoin even when prices slide. In recent weeks, Tether’s balance sheet has leaned heavily on the world’s oldest crypto asset. Some market watchers say that kind of commitment from a major player could shore up confidence in Bitcoin’s long-term prospects. Supporters have jumped in to back Ardoino’s take, pointing to Bitcoin’s history of bouncing back after big sell-offs. Based on reports from crypto forums and social feeds, many believe that only severe, lasting shocks can truly move the price for long. Yet others caution that calling any asset “undefeatable” risks lulling investors into a false sense of security. They warn that new technologies could emerge and challenge Bitcoin’s top spot in years ahead. Technical Warning From Bollinger Meanwhile, John Bollinger, the creator of the Bollinger Bands charting tool, issued a note on X about a possible “head fake” in Bitcoin’s price. He pointed out a Bollinger Band squeeze that briefly pushed Bitcoin down to $111,900 on Aug. 3, only for it to snap back up to $115,700. That sudden U-turn trapped many bears who bet on further declines. Bollinger also said the same pattern doesn’t show up on crypto ETFs, since those funds don’t trade on weekends. Borrowed from basketball, the term “head fake” describes an asset that surges one way and then reverses course, catching traders by surprise. Bitcoin closed most sessions near the $115,000 mark this week, with Bitstamp data showing it trading at $115,200 at one point. The coin has edged up slightly over the past 24 hours, but volatility remains a factor. Traders note that weekend gaps and low liquidity can trigger sharp moves in either direction. Market Participants Weigh In Analysts and fund managers are parsing both the bullish spin from Tether’s boss and the caution flag from Bollinger’s camp. Some say Bitcoin’s track record in the past decade—including weathering regulatory clampdowns, global economic shocks, and high-profile exchange failures—earns it the right to such bold labels. Others argue that blind faith alone won’t protect investors from sudden market swings. Featured image from Meta, chart from TradingView

Today, the Bank of England (BoE) is set to cut its short-term policy interest rate by 25 basis points to 4%, its lowest level in over two years, based on consensus expectations. It will be the BoE’s second rate cut this year, as several of its Monetary Policy Committee members were cautious over a sticky inflationary trend that overshadowed growth concerns. The latest core inflation rate in the UK jumped to 3.7% y/y in June, surpassing May’s print of 3.5%, and market expectations of 3.5%. Since the current inflation print is close to double the central bank's 2% target, the MPC is expected to leave in place guidance steering markets toward more “gradual and careful” interest-rate cuts and a meeting-by-meeting approach. Let’s now focus on a short-term technical trading set-up on the EUR/GBP cross ahead of the BoE’s monetary policy decision today. Fig. 1: EUR/GBP minor trend as of 7 Aug 2025 (Source: TradingView) Preferred trend bias (1-3 days) The recent minor corrective decline of 145 pips seen in the EUR/GBP from the 25 July high to the 31 July low is likely to have ended. A potential bullish impulsive up move sequence is unfolding that supports EUR outperformance over GBP within its medium-term uptrend phase. Bullish bias with 0.8700/8680 as the key short-term pivotal support for the next intermediate resistances to come in at 0.8740/8770, 0.8800, and 0.8860 (Fibonacci extension and upper boundary of the medium-term ascending channel from 24 February 2025) (see Fig. 1). Key elements The price actions of the EUR/GBP have reintegrated back above its upward sloping 20-day and 50-day moving averages, which suggests the medium-term uptrend phase remains intact.Its hourly RSI momentum indicator has continued to exhibit a bullish momentum condition that advocates short-term EUR outperformance over GBP.The discount yield spread between the 2-year German Bund and 2-year UK Gilt has narrowed from -2.08% to -1.92% which suggests that short-term sovereign bonds in the UK are getting “less attractive” to own than Germany’s short-term sovereign bonds. A positive driver of further potential upside in EUR/GBP.Alternative trend bias (1 to 3 days) A break below 0.8680 negates the bullish tone, where the EUR/GBP may see a minor slide to retest the next intermediate supports of 0.8640 and 0.8610/8600 (31 July 2025 minor swing low and 50-day moving average). Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Roman Storm, one of the minds behind Tornado Cash, has been found guilty by a Manhattan jury for running an unlicensed money transmitting business. The decision came after four weeks of testimony and debate. The charge alone could land him behind bars for up to five years. But this was just one part of a much bigger legal battle, and the rest of it isn’t over yet. Jury Deadlocks on the Bigger Accusations Storm was also facing accusations of money laundering and violating U.S. sanctions, but the jury couldn’t reach a verdict on those. Both of those charges come with much heavier consequences, up to 20 years each if convicted. Since no final decision was reached, prosecutors may decide to bring those charges back to court for a retrial. His sentencing for the conviction that did go through hasn’t been scheduled yet. Prosecutors Say Storm Helped Criminals Cover Their Tracks Federal prosecutors didn’t pull punches. They argued that Tornado Cash wasn’t just a privacy tool, but a direct pipeline for dirty money to be cleaned. According to them, over a billion dollars moved through the mixer, much of it tied to criminals, scammers, and even North Korea’s Lazarus Group. The message from the government was clear: you can’t build a tool and turn a blind eye when it gets used by the worst actors online. DISCOVER: Best New Cryptocurrencies to Invest in 2025 The Defense Says It Was Just Code Storm’s lawyers pushed back hard, arguing that he simply wrote code and published it as open-source software. In their view, it was no different than someone writing a tool that could be used for good or bad, and then stepping away from it. They said Storm never had control over who used it or for what purpose and wasn’t personally profiting from any of the activity prosecutors pointed to. BitcoinPriceMarket CapBTC$2.29T24h7d30d1yAll time Evidence Painted a Complicated Picture During the trial, prosecutors brought out forensic data and witness testimony that tied Tornado Cash to stolen crypto. One scammer testified that he used it to launder NFT proceeds. They even showed jurors Tornado Cash t-shirts with cartoon washing machines on them, hinting at the platform’s use as a digital money launderer. But despite all that, jurors still couldn’t unanimously say Storm was guilty of laundering or breaking sanctions. DISCOVER: 20+ Next Crypto to Explode in 2025 Big Implications for Developers The outcome has sparked a new wave of anxiety among developers. If building open-source tools can lead to prison time, where do you draw the line? Plenty of crypto apps and protocols can be used for shady purposes, but are devs on the hook if bad actors show up? This case is adding fuel to a much bigger conversation about how far legal responsibility extends in decentralized environments. Just One Case in a Larger Crackdown Storm isn’t the only one under fire. His fellow Tornado Cash developer, Alexey Pertsev, was convicted earlier this year in the Netherlands. And in the U.S., the people behind the Samourai Wallet mixer recently pleaded guilty to laundering hundreds of millions in illicit crypto. Regulators and law enforcement clearly aren’t letting this stuff slide anymore. What Comes Next Storm now faces sentencing, plus the possibility of another trial for the unresolved charges. His legal team plans to challenge the outcome. Whether or not the government retries the heavier counts, this case will likely stay in the spotlight. It’s become a benchmark for how the justice system approaches tools built for privacy but used by criminals. And for now, the line between developer and enabler remains blurred. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Tornado Cash co-founder Roman Storm was convicted of operating an unlicensed money transmitting business and faces up to five years in prison. The jury could not reach a verdict on the more serious charges of money laundering and sanctions violations, which may be retried later. Prosecutors argued that Tornado Cash helped criminals, including North Korea’s Lazarus Group, launder over $1 billion in crypto. Storm’s defense maintained he simply wrote and published open-source code, without controlling or profiting from how it was used. The verdict has raised serious concerns for crypto developers about potential legal risks when building privacy tools used by bad actors. The post Tornado Cash Founder Convicted of Unlicensed Money Transmitting appeared first on 99Bitcoins.

The search for the best crypto to buy right now continues as the market sends mixed signals. Bitcoin is hovering around $115,000, stuck in a low-volume zone between $110K and $116K. Traders are watching this tight range closely, as a break lower could trigger more downside. Meanwhile, Ethereum briefly broke above $3,700 before pulling back, adding to the market’s uncertain tone. But there is more. Some sectors are holding up better than others. Layer 2 tokens like Mantle jumped more than 20% in the last week, while centralized exchange tokens such as BNB and CRO posted modest gains. On the other hand, meme coins, PayFi projects, and AI tokens saw losses, showing less confidence from investors. ETF activity has started to turn positive again. On August 6, U.S. spot Bitcoin ETFs saw $91.55 million in net inflows after four days of outflows. Ethereum ETFs also recorded $35.12 million in net inflows, with only Grayscale’s ETH Mini Trust posting a small outflow. EXPLORE: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Binance released its latest Proof of Reserves report, showing user BTC holdings increased by nearly 3% to 591K BTC. ETH holdings, however, dropped by almost 10%, possibly due to rotation into other assets. USDT balances rose to nearly $30 billion, signaling steady stablecoin demand. Ethereum network activity is also heating up. The network handled 1.87 million transactions yesterday, close to its all-time high. According to Nansen, much of this activity comes from USDC, Tether, and Uniswap. (Source) Best Crypto to Buy? Look Where Activity Is Growing In this uncertain environment, we still can ask ourselves: what’s the best crypto to buy right now? For now, Layer 2 tokens and CeFi coins are showing strength, backed by growing usage and investor interest. While Bitcoin remains range-bound, altcoins tied to real network activity or ETF momentum may offer the best short-term setups. Still, caution is key. Until Bitcoin breaks above $116,000 with conviction, gains could be short-lived. Watching sector rotation and inflows will be critical in spotting the next strong move. 38 minutes ago Union Jack Oil Eyes Early Bitcoin Mining at West Newton Site By Fatima Union Jack Oil plc has announced early-stage plans to monetize gas from its West Newton site (PEDL183) by powering on-site Bitcoin mining operations. Operator Rathlin Energy has signed a non-binding Letter of Intent with Texas-based 360 Energy Inc. to explore the deployment of gas-powered data centers. This strategy would convert natural gas from the WNA-2 well into electricity for mining Bitcoin, offering early cash flow ahead of full field development. The companies are now working toward a definitive agreement, pending regulatory approval. Executive Chairman David Bramhill called the plan a creative solution amid planning delays, with potential to deliver strong returns and support a future Bitcoin treasury strategy. West Newton holds an estimated 200 billion cubic feet of recoverable gas, making it one of the UK’s largest onshore gas prospects. 2 hours ago Delhi High Court Tells WazirX To Hand Over Binance Deal By Fatima The Delhi High Court has ordered Zettai Pte Ltd, the company behind crypto exchange WazirX, to hand over documents detailing its agreement with Binance, as well as its ongoing restructuring plan. The court gave a deadline of one week. This comes after months of fallout from a $235 million hack and a growing number of lawsuits from creditors trying to recover lost funds. Now creditors demand answers after major breach. Read The Full Article Here The post [LIVE] Latest Crypto News, August 7 – Mixed Signals From The Market As BTC Hovers Around $115K Is There a Best Crypto to Buy Right Now? appeared first on 99Bitcoins.

The Delhi High Court has ordered Zettai Pte Ltd, the company behind crypto exchange WazirX, to hand over documents detailing its agreement with Binance, as well as its ongoing restructuring plan. The court gave a deadline of one week. This comes after months of fallout from a $235 million hack and a growing number of lawsuits from creditors trying to recover lost funds. Creditors Demand Answers After Major Breach The pressure to come clean has been building since the 2024 security breach that left users reeling. Creditors have argued that without clear information about who owns what and how the company plans to move forward, there’s no way to properly assess how users might get their money back. The court’s ruling signals a turning point, forcing the company to show its hand. Singapore Greenlights Revote on Recovery Plan This court order follows a separate decision in Singapore, where the High Court there approved a revote on WazirX’s proposed restructuring plan. The original plan had been rejected, but after revisiting creditor concerns, a revised version was put up for another vote. That process ran from July 30 to August 6, with expanded creditor participation. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in August2025 Call for Deeper Investigation Into the Hack Some creditors are asking for more than just disclosure. They want an independent investigation, led by financial and cybercrime specialists, to look into how the hack happened and whether any internal failures played a role. There’s also a push for international regulators to get involved to trace the movement of stolen assets and hold relevant parties accountable. BitcoinPriceMarket CapBTC$2.29T24h7d30d1yAll time The court didn’t stop at Zettai. It also directed Indian regulators, including the Reserve Bank of India and the Securities and Exchange Board of India, to clarify whether they’ve taken any action against WazirX. The move highlights the lack of regulatory clarity that continues to plague the crypto space, especially when large sums and cross-border ties are involved. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Binance Connection Still Clouded in Uncertainty The elephant in the room remains Binance. Despite WazirX being closely associated with the global exchange for years, Binance has publicly denied owning or controlling it. Now, with the court asking for the actual terms of their agreement, we may finally get a clearer picture of what that relationship really looks like. User advocates welcomed the court’s ruling, saying it’s about time someone demanded transparency. When millions go missing and no one takes responsibility, public trust erodes fast. This case is being closely watched by legal experts and regulators, who see it as part of a larger pattern of holding crypto platforms accountable. The court will meet again on August 26 to review progress. By then, regulators are expected to submit their responses, and results from the restructuring vote should be in. All eyes will be on how WazirX plans to resolve its obligations and rebuild trust after a high-profile collapse. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Delhi High Court orders WazirX to submit Binance deal documents within a week, escalating legal pressure on the exchange. The ruling follows creditor frustration after a $235M hack and a lack of clarity around ownership, restructuring, and user fund recovery. Singapore’s High Court approved a revote on WazirX’s restructuring plan after creditor objections to the original proposal. Creditors are calling for an independent investigation into the hack, including potential internal failures and global asset tracing. India’s regulators have been asked to report their actions against WazirX, as the court pushes for accountability and transparency. The post Delhi High Court Tells WazirX To Hand Over Binance Deal appeared first on 99Bitcoins.