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$BIO is skyrocketing, what should we be watching for?
Bitcoin Cash holds firm amid market sell-off, with a key liquidity zone at $603 potentially triggering more upside.
Quick Take Multiple forces are driving ETH’s rally toward its all-time high, including record spot ETF inflows, new U.S. policy moves, and growing corporate treasury diversification into ETH. Analysts and industry leaders see further upside, with Standard Chartered raising its year-end target to $7,500 and some predicting $6,000 in the near term — though profit-taking near record levels is possible.
Quick Take A wallet that previously dealt with the Ethereum Foundation has sold roughly 2,795 ETH worth $12.7 million amid the second-largest cryptocurrency’s move toward all-time highs. Solana surged 15% in 24 hours to reclaim the $200 level on Wednesday morning as optimism spreads across the altcoin space.
Monero has experienced 36 hours without selfish mining attacks following Qubic pool’s August 12 incident that caused a six-block reorganization. The event was incorrectly labeled a 51% attack, though Qubic controlled approximately 36% of network hashrate.
- 20:41U.S. Senate Banking Committee Chair expects 12 to 18 Democratic senators may support the Digital Asset Market Structure BillAccording to a report by Jinse Finance, Tim Scott, Chairman of the U.S. Senate Banking Committee, stated at the SALT conference in Jackson Hole, Wyoming, that he expects 12 to 18 Democratic senators may support the Senate’s market structure bill for digital asset market regulation. Currently, the Senate has only released a discussion draft, and the final bill is expected to be completed by the end of September. This legislation will determine how the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regulate digital assets, including the spot crypto market. Scott noted that some Democrats, such as Elizabeth Warren, may hinder the progress of the bill.
- 20:12The three major U.S. stock indexes closed mixedAccording to Jinse Finance, the three major U.S. stock indexes closed mixed, with the Nasdaq down 1.46%, the S&P 500 down 0.59%, and the Dow Jones up 0.02%. During the session, the Dow Jones hit a record high. Most large-cap tech stocks declined: AMD fell over 5%, Nvidia dropped more than 3%, Netflix and Meta both fell over 2%, while Tesla, Microsoft, and Amazon were down more than 1%. Apple and Google saw slight declines. Intel surged about 7% after SoftBank Group announced a $2 billion equity investment in the company. Notably, Nvidia recorded its largest single-day drop since April 21.
- 20:02Franklin Templeton CEO: Crypto Investments Should Focus on Infrastructure, Not BitcoinAccording to a report by Jinse Finance, Jenny Johnson, CEO of Franklin Templeton, which manages $1.6 trillion in assets, stated at the SALT conference in Jackson Hole, Wyoming, that Bitcoin is a "currency of fear" and, in her view, distracts people from the true potential of blockchain. She believes that the most worthwhile investment direction in the crypto space is blockchain infrastructure, including blockchain networks, consumer applications, and node validators. Johnson anticipates that mutual funds and ETFs will gradually operate on the blockchain in the future, but regulatory risks remain the biggest obstacle to this transformation. She emphasized that for active investment managers, the transparency provided by validators could be a "game changer."