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This week’s crypto news includes Nvidia earnings, $10 million HUMA token unlock, HeyAnon protocol upgrade, and THORChain’s major update. These events could impact token prices.
AAVE price dipped from $385 to $339 on WLFI rumors but quickly rebounded. Shrinking exchange reserves, fresh whale accumulation, and strong cost-basis clusters show resilience, keeping $430 as the next bullish target.
Saros (SAROS) saw a 70% price drop on August 24, briefly erasing months of gains. Despite a recovery, market sentiment remains bearish, raising concerns about stability.
$1 billion BTC accumulated in 24 hours as profits hit 2-month low; Bitcoin at $112,425 clings to $112,500 support amid investor accumulation.
Bitcoin (BTC) price remains under pressure, consolidating above $111,980 support after dropping more than 3%. BTC pullback continued as weakening demand and profit-taking keep weighing in, as spot Exchange Traded Funds (ETFs) saw over $1.15 billion in outflows. Bitcoin Spot ETFs Record the Highest Weekly Outflow in Five Months Bitcoin price continued its correction over … <a href="https://beincrypto.com/bitcoin-etf-outflow-fuel-correction/">Continued</a>
- 18:27Deutsche Bank: Gold's Continued Record Highs Indicate Underlying Panic in the Stock MarketJinse Finance reported that the price of gold has just reached another all-time high, which is inconsistent with the broader market's optimistic tone. After all, gold typically serves as a safe-haven asset during times of economic uncertainty. Deutsche Bank analyst Henry Allen stated that this suggests there is underlying panic in the stock market, with investors being optimistic about equities while also fearing significant downside risks. Allen said: "Although there are many factors driving the price of gold, one of them is that it is seen as a safe-haven asset that investors buy when they are fearful. Currently, the market expects U.S. inflation to remain above target for the next few years, which is far from 'perfect.' This is linked to ongoing tariff concerns, and scrutiny of industries such as pharmaceuticals and semiconductors is still ongoing. Moreover, the market believes the likelihood of a U.S. government shutdown at the end of the month is increasing. In addition, there are clearly concerns in the market about slowing job growth."
- 18:01Sources: Deal with Nvidia will not change any of OpenAI's computing power plansJinse Finance reported, citing sources: The deal with Nvidia will not alter any of OpenAI's computing power plans, including its collaboration with Microsoft (MSFT.O) or its efforts to develop its own chips.
- 17:15Nvidia plans to invest in OpenAI in stages without obtaining controlling rightsJinse Finance reported, citing sources, that Nvidia (NVDA.O) is making phased equity investments in OpenAI. According to the phased investment plan, Nvidia will invest 10% when the first gigawatt-level computing power is deployed. Nvidia's equity investment in OpenAI does not grant it control; OpenAI's nonprofit parent company will retain the majority of governance control.