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Mantle (MNT) has surged 35% in the past week, trading within a bullish ascending parallel channel. With strong buying pressure indicated by the Chaikin Money Flow and Super Trend support, MNT could target a rally to $1.51, though risks of a pullback remain.
Share link:In this post: Judge Ronald Griffing said Logan Paul’s bid to remove a lawsuit over the collapse of CryptoZoo should be allowed. Griffin also urged the class-action plaintiff to update all but one of its 27 claims against Paul, the one linking him to commodity pool fraud. The judge dismissed Paul’s bid to accuse CryptoZoo co-founders of the project’s failure.
Share link:In this post: SoftBank shares fell over 5% after it announced a $2 billion deal to buy Intel stock at $23 per share. Asian markets dropped across the board as investors waited for the U.S. Fed’s Jackson Hole meeting. Jerome Powell is expected to signal a possible rate cut, with futures showing an 83% chance for September.
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Share link:In this post: Ethereum ETFs now hold over 6.5M ETH, with projections showing a September flip as they close in on Bitcoin ETFs’ share of the circulating supply. US spot ETH ETFs saw $59M in outflows on August 15 after record weekly inflows of 649,000 ETH pushed totals above $3.7B. Institutional investors dominate Ethereum with 19.2M ETH, while retail holdings fall sharply, highlighting shifting market influence amid price swings near $4,450.
Share link:In this post: Odin.fun still has no set date to resume trading after its $7M hack. CEO Bob Bodily confirmed funds have been frozen in CEXs, and investigations are ongoing. Trading will only resume after user balances, audits, and platform cleanup are finalized.
SEI’s 100-day EMA is about to cross above the 200-day EMA. Combined with weekly outflows and short liquidations stacked, SEI’s price could be primed for a continuation rally. But one cohort of traders may get burned.
- 09:04A-share listed company Gaoweida explores cooperation related to stablecoin RWA system construction businessBlockBeats News, August 28, in order to actively explore new technological fields and industry opportunities and promote cooperation related to stablecoin RWA system construction business, recently, the wholly-owned subsidiary of the company, Gaoweida Information Technology Co., Ltd., has signed an agreement with Digital Asset Clearing Service Co., Ltd. and subscribed for a 0.50% equity stake for 250,000 US dollars, to deeply participate in stablecoin and RWA technology services. (Zhitong Finance)
- 09:04Strive CEO: Plans to purchase over $700 million worth of bitcoin after going publicBlockBeats News, August 28, Strive Funds CEO Matt Cole stated that they plan to purchase over $700 million worth of bitcoin after listing. On May 27, Strive announced the completion of a $750 million private equity financing round at a subscription price of $1.35 per share, with the opportunity to expand the financing to $1.5 billion through warrants. Strive will focus on deploying an "excess bitcoin yield" strategic portfolio. The funds raised will be used to acquire biotechnology companies, distressed bitcoin claims (such as Mt.Gox compensation rights), and discounted structured bitcoin credit products to build its bitcoin reserve treasury.
- 09:03MIA launches cross-chain on Base and BSC, price rises 22.4% within 24 hours after treasury buyback plan initiatedBlockBeats News, August 28, according to Coingecko data, the AI concept token MIA has risen by 22.4% in the past 24 hours, currently trading at $0.06, with a market capitalization of approximately $33.25 million. Recently, MIA has simultaneously enabled cross-chain functionality between Base and BSC, and announced the launch of a treasury buyback plan, driving the token price upward. According to official sources, the MIA treasury has used ETH to complete a buyback of over 818,200 MIA tokens on the secondary market, and currently still holds more than 300 ETH, which will continue to be used for buybacks and to support the development of the agent economy and AgentFi ecosystem in the future. The relevant buyback and treasury addresses have been made public, and users can check them on-chain.