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Expert: Bitcoin’s strong reversal could kick off a new bull marketBitcoin (BTC) rose 26.81% over a week, from $62,700 to $79,500, recalling the strong reversal phases that appeared at the end of the previous two bearish markets. Such sudden rally phases are often related to short sellers having to close positions as prices rise, which can further fuel the upward momentum. However, the data currently available has not yet confirmed a new bull cycle. At the end of the 2019 bearish market, Bitcoin had increased 31.98% over the course of a week before entering a new uptrend. In January 2023, Bitcoin also rose 24.90% over a week, despite the pessimistic sentiment after the collapse of FTX.

Expert: Bitcoin’s strong reversal could kick off a new bull market

Bitcoin (BTC) rose 26.81% over a week, from $62,700 to $79,500, recalling the strong reversal phases that appeared at the end of the previous two bearish markets.
Such sudden rally phases are often related to short sellers having to close positions as prices rise, which can further fuel the upward momentum. However, the data currently available has not yet confirmed a new bull cycle.
At the end of the 2019 bearish market, Bitcoin had increased 31.98% over the course of a week before entering a new uptrend. In January 2023, Bitcoin also rose 24.90% over a week, despite the pessimistic sentiment after the collapse of FTX.
HumidiFi investigates an internal cybersecurity incident; customer assets are safeHumidiFi discovered a security incident in some systems belonging to the team’s internal network. The incident only affects the project’s funds and does not impact the assets of customers or third parties. HumidiFi has temporarily halted trading to investigate. The team said it will release more information after completing its review process. Source: https://tintucbitcoin.com/humidifi-dieu-tra-su-co-an-ninh-mang-noi-bo-tai-san-khach-hang-an-toan/

HumidiFi investigates an internal cybersecurity incident; customer assets are safe

HumidiFi discovered a security incident in some systems belonging to the team’s internal network. The incident only affects the project’s funds and does not impact the assets of customers or third parties.
HumidiFi has temporarily halted trading to investigate. The team said it will release more information after completing its review process.
Source: https://tintucbitcoin.com/humidifi-dieu-tra-su-co-an-ninh-mang-noi-bo-tai-san-khach-hang-an-toan/
Article
Bitcoin rises 23% after a $4 billion short squeeze: Has it hit the bottom?Bitcoin increased 22.9% from 17 August, reaching 77,306 USD after buy-side inflows picked up and short positions were liquidated broadly. The uptrend occurred alongside two rounds of major short liquidations in August, but the bearish structure on the daily timeframe has not yet been completely broken. MAIN CONTENT Bitcoin rose from 62,900 USD to 77,306 USD, equivalent to 22.9%. Total liquidation of short positions over two days, 19 and 21 August, reached 4.004 billion USD.

Bitcoin rises 23% after a $4 billion short squeeze: Has it hit the bottom?

Bitcoin increased 22.9% from 17 August, reaching 77,306 USD after buy-side inflows picked up and short positions were liquidated broadly.
The uptrend occurred alongside two rounds of major short liquidations in August, but the bearish structure on the daily timeframe has not yet been completely broken.
MAIN CONTENT
Bitcoin rose from 62,900 USD to 77,306 USD, equivalent to 22.9%.
Total liquidation of short positions over two days, 19 and 21 August, reached 4.004 billion USD.
Starcloud raises 250 million USD as NVIDIA joins the funding roundStarcloud has raised 250 million USD in a new funding round led by Manhattan West Ventures, with participation from Nvidia, Cisco, Benchmark, EQT, and other organizations. Nvidia invested about 25 million USD in this round. Starcloud said the funding will be used to expand its satellite production facilities and develop the next-generation orbital data center core satellite, Starcloud-3. Starcloud currently operates Nvidia H100 GPUs in orbit and has completed the process of training models with these GPUs. Most space computing projects currently use edge computing chips.

Starcloud raises 250 million USD as NVIDIA joins the funding round

Starcloud has raised 250 million USD in a new funding round led by Manhattan West Ventures, with participation from Nvidia, Cisco, Benchmark, EQT, and other organizations.
Nvidia invested about 25 million USD in this round. Starcloud said the funding will be used to expand its satellite production facilities and develop the next-generation orbital data center core satellite, Starcloud-3.
Starcloud currently operates Nvidia H100 GPUs in orbit and has completed the process of training models with these GPUs. Most space computing projects currently use edge computing chips.
Article
WIF outpaces FLOKI, BONK and DOGE: Why is it leading?Dogwifhat (WIF) increased by more than 16%, leading the dog-themed memecoin group among the 100 largest cryptocurrencies by market cap. The trading volume of WIF rose 67% to more than $86 million, while the $0.18 zone became an important threshold for sustaining the upward momentum. WIF outperformed other dog-themed memecoins WIF led gains among the dog-themed memecoins, followed by FLOKI, BONK, and DOGE; only SHIB did not see double-digit growth in the same period.

WIF outpaces FLOKI, BONK and DOGE: Why is it leading?

Dogwifhat (WIF) increased by more than 16%, leading the dog-themed memecoin group among the 100 largest cryptocurrencies by market cap.
The trading volume of WIF rose 67% to more than $86 million, while the $0.18 zone became an important threshold for sustaining the upward momentum.
WIF outperformed other dog-themed memecoins
WIF led gains among the dog-themed memecoins, followed by FLOKI, BONK, and DOGE; only SHIB did not see double-digit growth in the same period.
Iran allows some Iraqi oil tankers to pass through the Strait of HormuzIran granted special permits to some Iraqi oil tankers to pass through the Strait of Hormuz after Baghdad repeatedly asked Tehran for support on this matter. The proposal was put forward during the visit to Iraq by the Speaker of Iran’s Parliament Mohammad Bagher Ghalibaf. Iraq considers ensuring the oil transport route through the Strait of Hormuz as one of Tehran’s important requirements. Information was relayed by Jin10 from IRNA news agency on August 22. Iran made the decision while military operations were taking place seriously, and the security situation in the Strait of Hormuz worsened due to the United States' hostile actions.

Iran allows some Iraqi oil tankers to pass through the Strait of Hormuz

Iran granted special permits to some Iraqi oil tankers to pass through the Strait of Hormuz after Baghdad repeatedly asked Tehran for support on this matter.
The proposal was put forward during the visit to Iraq by the Speaker of Iran’s Parliament Mohammad Bagher Ghalibaf. Iraq considers ensuring the oil transport route through the Strait of Hormuz as one of Tehran’s important requirements.
Information was relayed by Jin10 from IRNA news agency on August 22. Iran made the decision while military operations were taking place seriously, and the security situation in the Strait of Hormuz worsened due to the United States' hostile actions.
Article
Whales drive FET higher, but could this level flip?Fetch.ai (FET) rises more than 15% in 24 hours, pushing the price to 0.15 USD as the cryptocurrency market recovers. Derivatives and spot data show that buying pressure is still dominant. Positive funding rate, outflows from the exchange, and the liquidation levels for sellers being higher than for buyers have supported FET’s upward momentum. However, the currently available data has not ruled out the risk of a price correction. Positive funding rate reflects bullish sentiment leaning toward the buy side

Whales drive FET higher, but could this level flip?

Fetch.ai (FET) rises more than 15% in 24 hours, pushing the price to 0.15 USD as the cryptocurrency market recovers. Derivatives and spot data show that buying pressure is still dominant.
Positive funding rate, outflows from the exchange, and the liquidation levels for sellers being higher than for buyers have supported FET’s upward momentum. However, the currently available data has not ruled out the risk of a price correction.
Positive funding rate reflects bullish sentiment leaning toward the buy side
Bitdeer does not hold Bitcoin, selling 265.6 BTC this weekBitdeer (NASDAQ: BTDR) mined 265.6 BTC in the week ending on 21/8 and sold all of this Bitcoin, causing net Bitcoin additions to be 0. The Nasdaq-listed Bitcoin mining company currently does not hold any Bitcoin. Source: https://tintucbitcoin.com/bitdeer-khong-nam-giu-bitcoin-ban-2656-btc-tuan-nay/ Thank you for reading this article! Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news in the cryptocurrency market and not miss any important information!

Bitdeer does not hold Bitcoin, selling 265.6 BTC this week

Bitdeer (NASDAQ: BTDR) mined 265.6 BTC in the week ending on 21/8 and sold all of this Bitcoin, causing net Bitcoin additions to be 0.
The Nasdaq-listed Bitcoin mining company currently does not hold any Bitcoin.
Source: https://tintucbitcoin.com/bitdeer-khong-nam-giu-bitcoin-ban-2656-btc-tuan-nay/
Thank you for reading this article!
Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news in the cryptocurrency market and not miss any important information!
BTC-0.03%
BTDRUS+9.52%
ETH drops below $2,400, up 0.28% for the dayEthereum (ETH) has just fallen below the 2,400 USD mark and is trading at 2,399.99 USD per coin. Market data shows that ETH has still increased by 0.28% over the past 24 hours. Source: https://tintucbitcoin.com/eth-giam-duoi-2-400-usd-tang-028-trong-ngay/ Thank you for reading this article! Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and don’t miss any important information!

ETH drops below $2,400, up 0.28% for the day

Ethereum (ETH) has just fallen below the 2,400 USD mark and is trading at 2,399.99 USD per coin.
Market data shows that ETH has still increased by 0.28% over the past 24 hours.
Source: https://tintucbitcoin.com/eth-giam-duoi-2-400-usd-tang-028-trong-ngay/
Thank you for reading this article!
Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and don’t miss any important information!
Article
Can VVV move toward $21 after the latest price breakout?Venice Token (VVV) rose 11% in 24 hours after breaking the pennant pattern, making the $21 zone the next technical target. The uptrend coincided with Veil deploying the Multi-Asset Pool on Base, and VVV’s derivatives activity expanding, but the likelihood of continuation still depends on whether the price holds the breakout zone. MAIN CONTENT VVV increased 11% within 24 hours after breaking the pennant pattern. The $21 region is the technical target identified from the flag portion of the pattern.

Can VVV move toward $21 after the latest price breakout?

Venice Token (VVV) rose 11% in 24 hours after breaking the pennant pattern, making the $21 zone the next technical target.
The uptrend coincided with Veil deploying the Multi-Asset Pool on Base, and VVV’s derivatives activity expanding, but the likelihood of continuation still depends on whether the price holds the breakout zone.
MAIN CONTENT
VVV increased 11% within 24 hours after breaking the pennant pattern.
The $21 region is the technical target identified from the flag portion of the pattern.
Article
MON rises 12% as TVL hits $2.7 billion – Will it break above $0.03?Monad (MON) increased by more than 12% within 24 hours when the price broke out of a sideways range lasting about two and a half months. The uptrend coincided with improved network activity, but MON still faces a resistance zone at $0.03 before it can move toward the $0.038 peak in 2024. MAIN CONTENT Trading volume on Monad's DEX exchanges reached $191.77 million in a day and over $1.80 billion in a month. Monad’s TVL rose from $1.205 billion to $2.677 billion, while stablecoin market capitalization increased from $482 million to $703 million.

MON rises 12% as TVL hits $2.7 billion – Will it break above $0.03?

Monad (MON) increased by more than 12% within 24 hours when the price broke out of a sideways range lasting about two and a half months.
The uptrend coincided with improved network activity, but MON still faces a resistance zone at $0.03 before it can move toward the $0.038 peak in 2024.
MAIN CONTENT
Trading volume on Monad's DEX exchanges reached $191.77 million in a day and over $1.80 billion in a month.
Monad’s TVL rose from $1.205 billion to $2.677 billion, while stablecoin market capitalization increased from $482 million to $703 million.
Jiang Zhuoer: 90% sure the bearish market has ended; ETH could outperform BTCJiang Zhuoer, the founder of LitecoinPool, believes that the bearish market has ended with 90% confidence and expects ETH to perform better than BTC in this cycle. Jiang said he previously sold ETH in the 1,738–1,931 USD range, then bought it back at 2,100 USD to cut losses. When ETH rose to 2,525 USD, he sold 50% of his spot holdings and set a stop-loss at 2,550 USD. For the portion of capital that has not entered the market, Jiang plans to buy it all if BTC pulls back to the 67,000–72,000 USD range. If this condition does not occur, he will buy at the current price no later than the end of October.

Jiang Zhuoer: 90% sure the bearish market has ended; ETH could outperform BTC

Jiang Zhuoer, the founder of LitecoinPool, believes that the bearish market has ended with 90% confidence and expects ETH to perform better than BTC in this cycle.
Jiang said he previously sold ETH in the 1,738–1,931 USD range, then bought it back at 2,100 USD to cut losses. When ETH rose to 2,525 USD, he sold 50% of his spot holdings and set a stop-loss at 2,550 USD.
For the portion of capital that has not entered the market, Jiang plans to buy it all if BTC pulls back to the 67,000–72,000 USD range. If this condition does not occur, he will buy at the current price no later than the end of October.
Article
Why is the PUMP price rising? Jupiter buys in and burns 16% of tokens?Pump.fun (PUMP) surged as Jupiter accumulated 1.6 billion tokens worth about $5 million, while protocol revenue helped support buybacks and burning of PUMP. Supply data shows the amount of tokens available for sale on exchanges is decreasing, but technical indicators also warn that the price may see a short-term correction after a rapid rally. MAIN CONTENT Jupiter has accumulated 1.6 billion PUMP, equivalent to about 0.242% of the total supply. Pump.fun recorded revenue of about $1.16 million in 24 hours and allocated 50% of net revenue to buybacks and token burns.

Why is the PUMP price rising? Jupiter buys in and burns 16% of tokens?

Pump.fun (PUMP) surged as Jupiter accumulated 1.6 billion tokens worth about $5 million, while protocol revenue helped support buybacks and burning of PUMP.
Supply data shows the amount of tokens available for sale on exchanges is decreasing, but technical indicators also warn that the price may see a short-term correction after a rapid rally.
MAIN CONTENT
Jupiter has accumulated 1.6 billion PUMP, equivalent to about 0.242% of the total supply.
Pump.fun recorded revenue of about $1.16 million in 24 hours and allocated 50% of net revenue to buybacks and token burns.
ZEC Breaks $800, Sets a New All-Time High After Rising 37.1%Zcash (ZEC) has surpassed the $800 mark, reaching a new all-time high of $831.87. The token is currently trading at $819.57, up 37.1% in 24 hours. The surge pushed ZEC to a new all-time high after the price broke above the $800 threshold. The available data does not yet show any further reason for this move. Source: https://tintucbitcoin.com/zec-vuot-800-usd-lap-dinh-lich-su-moi-sau-khi-tang-371/ Thank you for reading this article!

ZEC Breaks $800, Sets a New All-Time High After Rising 37.1%

Zcash (ZEC) has surpassed the $800 mark, reaching a new all-time high of $831.87. The token is currently trading at $819.57, up 37.1% in 24 hours.
The surge pushed ZEC to a new all-time high after the price broke above the $800 threshold. The available data does not yet show any further reason for this move.
Source: https://tintucbitcoin.com/zec-vuot-800-usd-lap-dinh-lich-su-moi-sau-khi-tang-371/
Thank you for reading this article!
Article
Ondo leads in tokenized stocks, but xStocks is catching upOndo Finance leads the tokenized stock market with a 34.9% market share and over 150,000 unique holders in less than a year. The tokenized stock market currently has a capitalization of $2.8 billion, but Ondo's week-over-week growth rate is still lower than xStocks. Ondo Finance holds the largest market share in tokenized stocks Ondo Finance leads the tokenized stock market with a 34.9% market share, while the entire market has a capitalization of $2.8 billion across 21 issuers.

Ondo leads in tokenized stocks, but xStocks is catching up

Ondo Finance leads the tokenized stock market with a 34.9% market share and over 150,000 unique holders in less than a year.
The tokenized stock market currently has a capitalization of $2.8 billion, but Ondo's week-over-week growth rate is still lower than xStocks.
Ondo Finance holds the largest market share in tokenized stocks
Ondo Finance leads the tokenized stock market with a 34.9% market share, while the entire market has a capitalization of $2.8 billion across 21 issuers.
Bitcoin rebounds driving digital asset stocks higher sharply on the dayShares of Bitcoin mining companies and digital asset holders surged over the weekend, led by Canaan with gains of more than 25%. The rally came as the crypto market rebounded and expectations for liquidity improved. MARA Holdings rose nearly 16% on Thursday, while Strive, a company holding more than 20,000 Bitcoin, increased by more than 16% on Friday. Metaplanet, a Bitcoin treasury management company listed in Japan, also climbed by more than 16%.

Bitcoin rebounds driving digital asset stocks higher sharply on the day

Shares of Bitcoin mining companies and digital asset holders surged over the weekend, led by Canaan with gains of more than 25%. The rally came as the crypto market rebounded and expectations for liquidity improved.
MARA Holdings rose nearly 16% on Thursday, while Strive, a company holding more than 20,000 Bitcoin, increased by more than 16% on Friday. Metaplanet, a Bitcoin treasury management company listed in Japan, also climbed by more than 16%.
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