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Pi Coin’s price continues to slide as questions arise over the real number of active nodes on Pi Network, with concerns of speculative risks echoing past token collapses.
Long-Termism of Next-Gen Mining Hardware Brands
Despite growing chatter around a $5K target, Ethereum’s on-chain signals, from dev activity to Smart Money volume; suggest the price may not be ready just yet.
Hong Kong will introduce its new Stablecoin Ordinance in August, limiting full licenses for fiat-referenced stablecoin issuers to fewer than 10. Over 40 companies, including major Chinese financial groups and tech giants, are competing for these exclusive positions. The upcoming regulations follow the recent passage of key legislation. This change gives the Hong Kong Monetary … <a href="https://beincrypto.com/hong-kong-stablecoin-license-limit/">Continued</a>
- 18:07Data: If ETH breaks through $3,595, the total short liquidation volume on major CEXs will reach $2.356 billionAccording to ChainCatcher, citing data from Coinglass, if ETH surpasses $3,595, the total short liquidation volume across major CEXs will reach $2.356 billion. Conversely, if ETH falls below $3,283, the total long liquidation volume across major CEXs will reach $956 million.
- 17:17In the past 7 days, CEXs saw a net outflow of 641,600 ETHAccording to ChainCatcher, citing data from Coinglass, there was a net outflow of 641,600 ETH from CEXs over the past 7 days. The top three exchanges by outflow volume are as follows: · One exchange saw an outflow of 477,100 ETH; · Another exchange saw an outflow of 148,200 ETH; · Another exchange saw an outflow of 67,000 ETH. In addition, one exchange recorded an inflow of 100,400 ETH, ranking first in terms of inflows.
- 16:34Arthur Hayes: Bitcoin to Test $100,000, Ethereum to Test $3,000Foresight News reports that Arthur Hayes stated in a post that, at the very least, the market believes the U.S. tariff bill will expire in the third quarter following the release of non-farm payroll data. He noted that no major economy is able to create credit quickly enough to boost nominal GDP. As a result, Bitcoin will test $100,000 and Ethereum will test $3,000.