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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.
- 11:37Decentralized multi-chain trading platform NuDEX completes new funding round, led by MetisDAOAccording to ChainCatcher, decentralized multi-chain trading platform NuDEX has completed a new round of financing, led by MetisDAO Foundation, with participation from Flurry Capital, Waterdrip Capital, YBB Capital, and several strategic investors. The new funds are intended for the GOAT chain mainnet upgrade and node network deployment, the development and TSS standardization of the NuOrbit protocol, as well as developer tools and API integration.
- 11:05Trade groups call for blockchain to be included in the UK-US "Tech Bridge" agreementAccording to ChainCatcher, citing Golden Ten Data, ahead of Trump's visit to the UK next week, several British trade groups are urging the government to include blockchain technology in any technological innovation cooperation agreements signed with the United States. In a letter to the UK Business Secretary, more than a dozen groups representing the financial, technology, and cryptocurrency industries stated that distributed ledger technology should be a core component of the "UK-US technology bridge." Trump’s state visit will be accompanied by a delegation of technology leaders, including OpenAI founder Sam Altman and Nvidia CEO Jensen Huang.
- 10:44Brazilian listed company Meliuz launches an options-based Bitcoin strategy to expand its capital reservesChainCatcher news, according to Bitcoin.com, Brazilian listed company Meliuz has launched a new strategy aiming to continue increasing its bitcoin holdings in a low-risk manner. Specifically, the company plans to implement an options-based strategy, using these derivatives and bitcoin price volatility to expand its current reserve of over 600 bitcoins. According to local media reports, Meliuz will sell put options with specific strike prices. For example, by selling option contracts with a strike price of $95,000, if the bitcoin price is above this level at expiration, the company can earn the option premium. To control risk, these options are collateralized with less than 10% of the company's operating cash reserves. Meliuz also stated that this innovative strategy is supported by "professional partners" in the relevant trading field, but did not disclose specific institution names.