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Metaplanet is turning to a massive $884 million overseas share sale to keep its Bitcoin strategy alive after a steep stock decline. With added approval to raise $3.8 billion through preferred stock, the company doubles down on digital assets despite mounting financial challenges.
Solana price reclaimed $200 after dipping earlier in the day, but on-chain data suggests the move could fade. Profit-taking pressure and key levels hint at renewed downside risk.
Shiba Inu price has struggled to escape its range despite broader market moves. With profit-taking patterns capping gains, RSI showing bearish divergence, and exchange withdrawals at record lows, SHIB may finally break out — but likely to the downside.
Four prime ministers in just a year and a half! France has fallen into a vicious cycle of being "ungovernable," and the current prime minister may step down again this week...
- 05:02Bitcoin whales have sold 115,000 BTC in the past month, marking the largest sell-off since mid-2022.According to a report by Jinse Finance, as disclosed by Cointelegraph, analysts say that bitcoin whales have sold up to $12.7 billions worth of bitcoin over the past month. If the sell-off continues, it could further suppress its price in the coming weeks. CryptoQuant analyst "caueconomy" pointed out last Friday: "The trend of major bitcoin network participants reducing their holdings is intensifying, reaching the largest token distribution of the year." They added that over the past thirty days, whale reserves have decreased by more than 100,000 bitcoins, which "indicates a strong risk-averse sentiment among large investors." This selling pressure "is punishing the price structure in the short term," ultimately pushing the price below $108,000. According to CryptoQuant data, as of last Saturday, this was the largest whale sell-off since July 2022, with a 30-day change of 114,920 bitcoins, valued at approximately $12.7 billions at current market prices.
- 04:16Barclays raises its forecast for Fed rate cuts this year to three timesJinse Finance reported that Barclays expects the Federal Reserve to cut interest rates three times in 2025, each by 25 basis points, in September, October, and December, which is higher than the previous forecast of two 25 basis point cuts in September and December.
- 04:07Chainlink CEO meets with US SEC Chairman to discuss compliant pathways for asset tokenizationJinse Finance reported that Chainlink CEO Sergey Nazarov met with US SEC Chairman Paul Atkins to discuss compliant pathways for asset tokenization. Nazarov stated that the SEC is accelerating efforts to incorporate blockchain assets into existing securities regulations, with full compliance expected to be achieved by mid-next year. The SEC recently issued a joint policy with the CFTC to support spot trading of certain crypto assets and launched the "Project Crypto" initiative. The Chainlink network has already been used by the US Department of Commerce to publish economic data, demonstrating the accelerated implementation of on-chain applications.