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ENA's recent rally is at risk, as negative market signals, including a declining BoP and negative funding rates, suggest a possible drop to $0.48.
Share link:In this post: OpenAI went into early talks to discuss the secondary sale of shares to former and current employees, raising its valuation to $500B. The AI firm recently secured $8.3B at a $300B valuation for a second tranche of the $40B financing round led by SoftBank Group Corp. Sarah Friar, OpenAI’s CFO, said the money raised by her company brought it closer to a potential IPO.
Share link:In this post: The RBI plans to hold interest rates at 5.5% after cutting rates by 50 bps in June. The Monetary Policy Committee expects India’s inflation for 2025 to remain significantly below the RBI’s target of 4%. India faces trade tensions as Trump threatened to impose 25% levies and additional unspecified penalties starting August 7.
Share link:In this post: Ripple submitted feedback to the Senate’s crypto regulation proposal. The firm called for clearer boundaries between the SEC and CFTC. It also urged Congress to codify rules and avoid “regulation by enforcement.”
After rallying 37% in a week, PUMP is now eyeing a breakout above $0.00354. With whales and public figures still accumulating, another 15% gain could follow.
HBAR is struggling with fading momentum, marked by falling futures interest and weak spot market accumulation. This could push the token below $0.20 in the short term.
- 17:02Bloomberg: Crypto Treasury Strategies Shift from Hype to Doubt as Strategy Models Face SetbacksJinse Finance reported that after the stock prices of Strategy and its Japanese counterpart Metaplanet soared over the past year, they have recently experienced declines, indicating that even industry leaders are not immune to shifts in market sentiment. Currently, the crypto treasury strategy is shifting from hype to skepticism, and the Strategy model is facing difficulties. For some companies, the appeal is obvious: packaging as a listed company can provide exposure to cryptocurrency and potential leveraged returns, while using a stock format familiar to investors. In certain cases, this model can still command a high premium. However, this type of trading is becoming crowded: too many companies are rushing in, offering little value beyond the tokens they hold. As prices fall, confidence supporting these premiums is beginning to waver.
- 16:14Citi: The Momentum of the U.S. Stock Market Rally Is Slowing DownJinse Finance reported that Citigroup stated the bullish momentum in the US stock market continues to weaken, and this trend is also reflected in European markets across the Atlantic. European stock market investors are facing political turmoil in France, while the European Central Bank is expected to keep interest rates unchanged for the second consecutive time this Thursday. In a report, Citigroup pointed out: "Bullish positions in the US continue to decline, and the normalization levels of the S&P 500 Index and the Russell 2000 Index are both falling, although there is still some new risk capital flowing into the market." The report added, "Positions in the Nasdaq Index are more resilient, with bullish levels remaining high." The bank believes that recent US labor data has increased the likelihood of a Federal Reserve rate cut.
- 16:14Blockchain fintech platform Munify completes $3 million seed round led by Y CombinatorChainCatcher News: Egypt-based fintech platform Munify has completed a $3 million seed round, led by Y Combinator, with participation from Digital Currency Group (DCG) and BYLD. According to the introduction, Munify is a blockchain fintech platform targeting the Middle East and North Africa (MENA) region, offering global, mobile-first fund management services. The platform provides multi-currency non-custodial accounts, real-time cross-border payments, virtual USDC cards, and remittance services supporting stablecoins.