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Share link:In this post: Judge Ronald Griffing said Logan Paul’s bid to remove a lawsuit over the collapse of CryptoZoo should be allowed. Griffin also urged the class-action plaintiff to update all but one of its 27 claims against Paul, the one linking him to commodity pool fraud. The judge dismissed Paul’s bid to accuse CryptoZoo co-founders of the project’s failure.
Share link:In this post: SoftBank shares fell over 5% after it announced a $2 billion deal to buy Intel stock at $23 per share. Asian markets dropped across the board as investors waited for the U.S. Fed’s Jackson Hole meeting. Jerome Powell is expected to signal a possible rate cut, with futures showing an 83% chance for September.
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Share link:In this post: Ethereum ETFs now hold over 6.5M ETH, with projections showing a September flip as they close in on Bitcoin ETFs’ share of the circulating supply. US spot ETH ETFs saw $59M in outflows on August 15 after record weekly inflows of 649,000 ETH pushed totals above $3.7B. Institutional investors dominate Ethereum with 19.2M ETH, while retail holdings fall sharply, highlighting shifting market influence amid price swings near $4,450.
Share link:In this post: Odin.fun still has no set date to resume trading after its $7M hack. CEO Bob Bodily confirmed funds have been frozen in CEXs, and investigations are ongoing. Trading will only resume after user balances, audits, and platform cleanup are finalized.
SEI’s 100-day EMA is about to cross above the 200-day EMA. Combined with weekly outflows and short liquidations stacked, SEI’s price could be primed for a continuation rally. But one cohort of traders may get burned.
DeFi and RWA protocols are shifting their focus to Layer 1 in pursuit of higher valuations, but rebranding won't help if the product is lacking.
Meta’s decision to cut back on AI investment and restructure its division is causing turbulence in the AI token market, with price drops seen across major assets.
- 17:33Anchorage Digital has applied for a Federal Reserve master account.Foresight News reported that crypto journalist Eleanor Terrett stated in a post that, according to the latest disclosures from the Federal Reserve database, Anchorage Digital has applied for a Federal Reserve Master Account. Previously, in June this year, she had asked Nathan McCauley, co-founder and CEO of the US crypto bank Anchorage Digital, whether they had applied for a Federal Reserve Master Account, but he declined to comment at that time. The Master Account is the operational foundation that allows banks to settle transactions directly with the central bank and hold balances at the Federal Reserve. Without such access, banks must use third-party intermediaries to process payments. If Anchorage Digital obtains a Master Account, it could become the first crypto bank able to hold assets other than digital currencies in the same way as traditional financial institutions.
- 13:28In the past 24 hours, the Ethereum ecosystem stablecoin supply saw a net inflow of $1.6 billion.Jinse Finance reported that in the past 24 hours, the supply of stablecoins in the Ethereum (ETH) ecosystem saw a net inflow of $1.6 billion. This is one of the largest single-day net inflows ever recorded in this sector.
- 04:46Société Générale: After the Fed decision, market focus returns to inflation dataJinse Finance reported that Société Générale stated the Federal Reserve's decision to cut interest rates by 25 basis points was in line with general expectations and was not disappointing. Although our unconventional forecast of a 50 basis point rate cut did not materialize, as we mentioned last week, if the September meeting decides on a 25 basis point cut, it is very likely that there will be additional 25 basis point cuts in both October and December, which is indeed confirmed by the median in the dot plot. We also note that the Federal Reserve expects the interest rate level to reach 3.38% by the end of 2026, which is consistent with our forecast but nearly 50 basis points higher than current market pricing. Next week, the market's focus will shift entirely to personal income and expenditure data and the Federal Reserve's preferred inflation indicator—the Personal Consumption Expenditures Price Index (PCE). (Golden Ten Data)