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Bitcoin’s estimated leverage ratio (ELR) has dropped from its late July and early August highs, reducing the likelihood of sharp market corrections and helping to sustain price stability at elevated levels.
Share link:In this post: CoreWeave director Jack Cogen offloaded stock worth nearly $300 million as other investors offloaded up to $1 billion, according to regulatory filings The firm’s stocks have dropped by over 35% following weaker-than-expected Q2 earnings and soaring costs. Its shares had swung from a $40 IPO price in March to a $183 peak in June before retreating to around $100.
Analysts say the scale and timing of these acquisitions highlight disciplined accumulation, strengthening Ethereum’s role as a leading macro asset.
Prediction markets place the odds of US approval of a Dogecoin ETF at about 75%, due to the crypto-friendly Donald Trump administration.
- 02:32With the US dollar weakening and expectations of interest rate cuts persisting, gold recovers the $4,000 mark.Jinse Finance reported that gold prices recovered some lost ground on Tuesday, climbing back above $4,000 per ounce, as a weaker US dollar and expectations of further rate cuts by the Federal Reserve outweighed the pressure from signs of easing international trade tensions. In early trading, spot gold reached as high as around $4,019 per ounce, after having fallen more than 3% on Monday to its lowest level since October 10. Tim Waterer, Chief Market Analyst at KCM Trade, stated: "Buyers who have been waiting on the sidelines for gold are now tempted to enter the market at these price levels. In addition, we are seeing a weaker dollar, which is giving gold prices some breathing room." (Golden Ten Data)
- 02:32MetaMask launches multi-chain accountsJinse Finance reported that MetaMask announced on Twitter that multi-chain accounts are now available. In addition, the asset loading speed for users has increased by 30 times.
- 02:32The Shanghai Composite Index surpasses 4,000 points again after ten years.Jinse Finance reported that the Shanghai Composite Index turned positive, surpassing the 4,000-point mark to reach a new ten-year high. The Shenzhen Component Index rose by 0.2%, and the ChiNext Index increased by 0.7%. More than 2,900 stocks across the market saw gains, with the Fujian sector leading the rise. (Golden Ten Data)