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Illuvium (ILV) Price Skyrockets 60% In 24 Hours, Here’s What Is Driving The Rally
Illuvium (ILV) Price Skyrockets 60% In 24 Hours, Here’s What Is Driving The Rally

Illuvium’s 60% surge ahead of the Pro League is sparking selling pressure, with an overbought RSI suggesting a price pullback unless demand persists.

BeInCrypto·2025/08/06 05:07
XRP Price Faces Pressure as Key Holders’ Outflows Reach 7-Month High
XRP Price Faces Pressure as Key Holders’ Outflows Reach 7-Month High

XRP struggles to regain momentum as key holders’ outflows rise and market sentiment weakens. The altcoin's future hinges on reclaiming $2.95 and $3.00.

BeInCrypto·2025/08/06 05:01
SEC says liquid staking and tokens are NOT securities; no registration needed
SEC says liquid staking and tokens are NOT securities; no registration needed

Share link:In this post: The SEC clarified that certain liquid staking activities in cryptocurrency do not qualify as securities offerings, providing clearer guidance on digital asset regulation. Under SEC Chair Paul Atkins, the agency is adopting a more proactive approach to cryptocurrency regulation, away from the previous “regulation by enforcement” regime. While many now praise the SEC under Atkins for its pro-crypto stance, the agency is effectively divided, with one faction in support of Gary Gensler

Cryptopolitan·2025/08/06 04:30
OpenAI releases GPT-OSS, its first open-source AI model
OpenAI releases GPT-OSS, its first open-source AI model

Share link:In this post: OpenAI released two open-weight models, gpt-oss-120b and gpt-oss-20b, for public use. The models are downloadable under Apache 2.0 and run on platforms like GitHub, Hugging Face, and LM Studio. OpenAI filtered sensitive data and tested against malicious fine-tuning before release.

Cryptopolitan·2025/08/06 04:30
New Zealand jobless rate hits 5-year high as economic slowdown deepens
New Zealand jobless rate hits 5-year high as economic slowdown deepens

Share link:In this post: New Zealand’s jobless rate rose from 5.1% in Q1 to 5.2% in Q2 2025, marking the highest level since Q3 2020. Total employment declined by 0.1% quarter-on-quarter, matching forecasts, and by 0.9% compared to last year’s quarter. Despite the annual slowdown, wages rose 0.6% over the quarter, and average hourly earnings jumped 1.9%.

Cryptopolitan·2025/08/06 04:30
Why Selling Crypto in August Could Be a Costly Mistake — Experts Explain
Why Selling Crypto in August Could Be a Costly Mistake — Experts Explain

Despite August's crypto pullback, experts argue it's a healthy correction—not a collapse. Altcoins show promise, and sentiment remains stable.

BeInCrypto·2025/08/06 03:19
Flash
  • 00:59
    UK government: US companies plan to invest over £1.25 billion in the UK financial services sector
    Jinse Finance reported that the UK government announced on Saturday that the US private sector will invest over £1.25 billion (approximately $1.69 billion) in the UK's financial services sector, including PayPal, Bank of America, Citigroup, and S&P Global. The statement said that these new US investments will create 1,800 jobs in the UK and bring greater convenience to millions of customers. The statement also pointed out that this agreement promotes £20 billion in trade between the two countries, including a £7 billion commitment that BlackRock is expected to make in the UK. According to the statement, Bank of America will create up to 1,000 new jobs in Belfast, marking the bank's first business operation in Northern Ireland; Citigroup will invest £1.1 billion in its UK business; S&P Global will invest £4 million in Manchester, creating 200 permanent positions.
  • 00:56
    CARDS market cap surpasses $650 million, reaching a new all-time high
    According to ChainCatcher, based on GMGN market data, the Solana ecosystem physical card trading platform Collector Crypt's token CARDS briefly surpassed a market capitalization of $650 million, reaching a new all-time high. It has now retraced to $620 million, with a 24-hour increase of 44% and a 24-hour trading volume of $26.5 million.
  • 00:40
    Data: A user’s short position on PUMP has an unrealized loss of $35 million, with total losses exceeding $44.1 million.
    According to ChainCatcher, crypto analyst Ember@EmberCN has monitored that the account named “btc@tuta.com” on Hyperliquid currently holds the largest PUMP short position. The account is shorting 8.56 billions PUMP with 5x leverage, with a position value of $64 million and an entry price of $0.00338. However, the current price of PUMP has more than doubled since the entry, resulting in an unrealized loss of approximately $35 million. The account also holds other short positions such as SOL and LINK, with total unrealized losses reaching $44.1 million. Analysis suggests that due to its frequent trading, this account may be engaged in arbitrage or hedging strategies.
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