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Tether Treasury minted an additional 1 billion USDT on the Tron network. The total amount of USDT on the Tron network surpassed the stablecoin’s supply on the Ethereum network. Tron’s USDT supply currently sits at $61.7 billion, including authorized but unissued USDT.
Bitcoin spot ETFs just saw a huge inflow of $252 million yesterday, the biggest since July 23. Despite some funds like Grayscale’s GBTC seeing outflows, others like BlackRock and Fidelity pulled in big money.
BTC’s latest surge was arguably driven by the developments on US soil.
Analysts are bullish on XRP but there might be some worrying signs taking shape.
Share link:In this post: Bitcoin is finally showing signs of breaking out of its $58,000 to $63,000 range, thanks to hints from Jerome Powell’s recent speech. The Federal Reserve’s upcoming rate cuts in September could boost Bitcoin further, especially if the cuts are smaller and less aggressive. Spot trading is driving the current rally, and if it holds above $63,000, we could see more leveraged long positions flooding in.
Share link:In this post: Fed Chair Jerome Powell’s speech highlighted policy adjustments and interest rate cuts that rallied Solana’s price surge. Solana’s price is up by 10%, currently trading at $161. SOL’s open interest also rose to $2.34 billion, aligning with the price spike.
Share link:In this post: Bitcoin is hovering around $64,000, and there are expectations it might break $65,000 before Monday. The market shows mixed signals with some bullish indicators but also potential resistance that could slow down the rally.
Quick Take The X account for the TON blockchain has released a statement affirming support for Telegram founder and CEO Pavel Durov, who was arrested on Saturday in France and is expected to be indicted on a variety of charges related to the operations of the messaging platform. The price of Toncoin plummeted nearly 20% on Saturday before recovering slightly; the token is currently down 12% in the past twenty-four hours.
The SEC argues against Heart’s dismissal motion, asserting authority over his $1 billion fraud case involving misused funds and false claims.
- 20:47U.S. Commerce Secretary: Trump Not Focused on Markets at the MomentAccording to Jinse, U.S. Commerce Secretary Wilbur Ross stated that President Trump is currently not focused on the market.
- 20:47OpenAI Founder: Additional Fixes on Model's Personality UnderwayReported by Jinse, OpenAI founder Sam Altman stated that the rollback of the latest update for GPT-4o began last night. Free users have already been fully restored, and recovery for paid users is underway, with completion expected later today. Additional fixes on the model's personality are currently underway, and more information will be shared in the coming days.
- 20:47U.S. Commerce Secretary: Trade Agreement Reached with an Anonymous CountryAccording to Jinse, U.S. Commerce Secretary Lutenick stated in an interview with CNBC on Tuesday that he has reached a trade agreement with an anonymous country. He said, "One of my agreements has been reached, reached, reached, reached. But I need to wait for their leader and their parliament to approve it, which I expect will happen soon." This trade agreement will be the first reached by the current Trump administration. However, Lutenick refused to disclose which country it is.