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HBAR price is still showing signs of weakness on longer timeframes, but one short-term bullish signal on the RSI chart has emerged. Outflows are slowing, price action is stuck in a tight zone, and the market now waits to see if this lone signal can offer a temporary push.
The US Treasury's $4B bond buyback injects liquidity into markets, but an imbalance in debt demand reveals systemic funding stress. As markets await Powell’s Jackson Hole speech, traders are pricing in a likely rate cut for September.
Share link:In this post: Crypto treasury stocks fell sharply in August after major summer gains. Ethzilla led the sector with a 114% rise, while others like Strategy dropped 16%. Companies backed by Tom Lee and Peter Thiel held up better than others.
Share link:In this post: OpenAI is considering leasing out its AI-ready data centers and infrastructure in the future. The plan mirrors Amazon Web Services, which turned excess computing into a trillion-dollar business. OpenAI is exploring new financial instruments beyond debt to fund large-scale projects.
Pi Network’s PI token struggles with minimal market interest, as its social dominance hits a weekly low and weighted sentiment remains negative. Without a surge in buying activity, PI could be headed toward an all-time low of $0.32.
Galaxy's cryptocurrency trading business generated $8.7 billion in revenue, but only brought in $13 million in profit (a profit margin of only 0.15%).
- 13:15RaveDAO announces the launch of Genesis Membership on November 11, and may introduce the ecosystem token $RAVE.ChainCatcher reported that RaveDAO announced on its social platform that the project will distribute RaveDAO Genesis Memberships at 11:11 AM UTC on November 11. Genesis holders will receive priority access to the future development of on-chain nightlife and global experiences. Detailed information will be released within 48 hours. In addition, the tweet included a video featuring the text $RAVE, which may suggest that an ecosystem token is about to be launched.
- 13:14StarkWare deploys S-two prover on Starknet mainnet to enhance speed and privacyAccording to ChainCatcher, as reported by The Block, StarkWare has deployed its next-generation open-source S-two prover on the Starknet mainnet, which the company claims is currently the fastest and most privacy-preserving proof system in production. This upgrade replaces the network's previous proof component and now generates validity proofs for each block, reducing proof time and verification costs, while increasing throughput and scalability without sacrificing trustlessness. S-two (short for "STARK Two") generates zero-knowledge proofs 10 times faster than the previous system, making previously uneconomical workloads such as real-time trading engines and zero-knowledge machine learning inference possible by lowering proof costs and increasing block capacity.
- 13:14The US secured overnight financing rate surged to 4.22%, marking the largest increase in a year.ChainCatcher news, according to Golden Ten Data, the US Secured Overnight Financing Rate (SOFR) surged by 18 basis points to 4.22%, marking the largest increase in a year.