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HBAR’s 26% decline invalidates its bullish setup, delaying a new all-time high. Will it recover, or is further downside ahead?
Solana faces mixed signals as outflows hit an 18-month high, yet key indicators suggest a potential recovery. Will SOL sustain its rebound?
Will Ethereum, the world's largest altcoin, see its fortunes reverse after its recent underperformance?
A massive alt-season pump isn't likely to come anytime soon, but Ethereum could remain well underpinned for these reasons.
Poland's NBP rejects Bitcoin for national reserves, prioritizing financial security. The decision aligns with Europe's cautious stance on cryptocurrencies as reserve assets.
CryptoQuant noted that the index has dropped 15% since peaking in November 2024, and is now sitting at 3,760, its lowest level in a year.
Maryland introduces legislation to establish a Bitcoin reserve fund, allowing cryptocurrency holdings as a hedge against fiat inflation. The bill could reshape state financial strategies.
- 20:24All Three Major U.S. Stock Indexes Close LowerAccording to Jinse Finance, all three major U.S. stock indexes closed lower, with the Dow Jones down 0.94%, the Nasdaq down 0.92%, and the S&P 500 down 0.79%. Shares of Japanese and South Korean companies listed in the U.S. declined, with Nissan Motor falling over 7%, Toyota Motor nearly 4%, South Korea’s SK Telecom over 7%, and LG Display over 8%. Most major tech stocks also dropped, with Tesla down more than 6%, and Apple and Google both down over 1%.
- 19:28Sources: EU seeks agreement with US to offset automotive trade imbalanceAccording to a report by Jinse Finance, EU sources revealed that the European Union is exploring a potential automotive agreement to offset the imbalance between U.S. automobile exports and imports. The EU may secure basic tariff exemptions for aircraft and spirits in its trade agreement with the United States.
- 18:13Goldman Sachs: The Fed May Cut Interest Rates in SeptemberAccording to a report by Jinse Finance, Goldman Sachs stated that the Federal Reserve may cut interest rates in September. As the impact of tariffs diminishes and inflation recedes, the Fed could move up its timeline for rate cuts. The terminal rate range is now expected to be 3.00-3.25%, compared to the previous forecast of 3.50%-3.75%.