The price of the crypto XRP gained nearly 70% before its weekly Super Trend turned green on August 17. This signal remains positive, however its three previous appearances were followed by corrections ranging from 32% to 56%.
A whale opened a long position of 911.55 BTC (70 million dollars) with a 40x leverage on Hyperliquid, less than 1% from its liquidation price. Meanwhile, Michael Saylor posts a minimalist tweet: "Just buy Bitcoin." Between extreme speculation and long-term strategy, here are the two faces of the crypto market.
France's 10-year debt now yields more than 4.3%, an unprecedented level since the 2008 financial crisis. This increase does not automatically revalue all state borrowings, but it progressively weighs on their refinancing.
The Liquid network is going through a stage of its security incident. After the withdrawal of thousands of bitcoins, Blockstream now refuses all ransom demands. The company states it wants to recover the remaining funds without paying a financial reward. It plans to work with law enforcement, exchange platforms, and digital forensic experts. Liquid has resumed its block production but keeps bitcoin transfers suspended.
Zcash mining currently yields much more per unit of electricity than Bitcoin mining. At the beginning of September, an Antminer Z15 Pro generated about 708 dollars in gross revenue per megawatt-hour consumed, compared to 179 dollars for an Antminer S23 Pro dedicated to BTC. The ratio therefore approaches 4 to 1. This figure does not correspond to net profit: electricity, hosting, maintenance, and depreciation still need to be paid. But it is enough to explain why new miners are now looking much more closely at Zcash.
The price of Ether jumped 7.46% to 2619 dollars following the release of data on US inflation. Tom Lee mentions the probable start of a "brutal rally", however his projection more broadly concerns risky assets and does not set any specific target for ETH.
The cryptocurrency market remembers the sharp drop of BTC below 58,000 dollars in July. However, on-chain data shows a much weaker reaction than expected after this dip. This discretion of buyers now raises a central question: did this level really represent a durable floor? The HODL Waves indicator provides precise insight into recent supply movements. Its evolution mainly suggests slow accumulation, very different from the reactions observed at previous cycle lows.
Binance now holds more than 693,000 bitcoins, a level unseen in two years. Since the end of April, its balance increased by 77,000 BTC, while bitcoin struggles to stay above 80,000 dollars. On the world's largest crypto platform, these reserves remain potentially available for sale.
The local currencies of the BRICS already allow Russia to settle 90% of its transactions with its alliance partners, according to the Kremlin. However, this figure neither represents a collective goal nor a promise by all member countries to abandon the dollar.
OpenAI seeks a legal answer to an unusual question: can several AI giants jointly decide to slow down the development of their models without violating U.S. antitrust law? According to WIRED, the company has questioned members of Congress in recent weeks. The move follows a call from its chief scientist, Jakub Pachocki, for coordinated slowdowns when safeguards no longer keep pace with model capabilities. OpenAI has not announced a pause. It first wants to know if coordination with its competitors would be legal.