[Stablecoin Startup Bastion Raises $14.6 Million] Stablecoin startup Bastion announced the completion of a $14.6 million funding round, led by Coinbase. Venture capital arms of Sony and Samsung, along with firms such as Andreessen Horowitz and Hashed, also participated.
Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9850662513 Behind the oscillating candlestick is a silent battle between long and short sides at key points. The sideways trend of Ethereum is both an illusion of calmness and a precursor to a storm. Ethereum has recently entered a low volatility pattern, with prices fluctuating between $4000-4300. This narrow fluctuation has caused the market to become anxious, with trading volume significantly shrinking to 20.2K and almost no volatility. The upper and lower tracks of the Bollinger Bands almost overlap, the MACD indicator hesitates, and the RSI three lines are squeezed around the 50 neutral zone. The collective 'silence' of technical indicators suggests that a major turning point is brewing. The secret layout of the long and short camp Behind the seemingly calm market, both long and short sides have long been on high alert. The on chain data reveals the intensity of this capital battle. The bullish camp is firmly bullish with two pillars: institutional funds continue to pour in through ETFs, and ETF products from institutions such as BlackRock have seen large single day drawdowns of hundreds of millions of dollars. At the same time, over 30 million ETH have been locked in pledge contracts, accounting for a significant proportion of the circulating supply, significantly reducing market selling pressure. Short sellers hold three trump cards: prices at high levels for the year, net outflows from whale accounts, and high leverage in the derivatives market. Both sides have reached a delicate balance of power here, with either side waiting for the opportunity to deliver a fatal blow. For traders, identifying key price points is crucial. At present, $4300 has become an important psychological barrier and a short-term suppression level. Once it effectively falls below the support of $3980, it may open up downward space. On the upside side, if we can break through the resistance of $4700 strongly, it may stimulate a new round of buying and push the price test to a higher level. Transaction volume is a key indicator for determining the authenticity of breakthroughs. Low energy false breakthroughs often conceal traps, while high-volume breakthroughs signify the confirmation of trends. 【 03 Core Factors Influencing Future Trends 】 The future direction of ETH price depends on the game of multiple forces. Positive factors include: the regulatory environment gradually becoming clearer, the US tends to view Ethereum as a "digital commodity", and the upgrade of Fusaka will further enhance network performance. The potential risks cannot be ignored: although L2 solutions are prosperous, there are still doubts about whether their value can effectively feedback to the main network. If the global macroeconomic environment deteriorates, it may suppress the demand for risk assets, while high-level profit taking may trigger a pullback. Citibank has set a year-end target price of $4300, which is expected to reach $6400 in a bull market scenario and may retrace to $2200 in a bear market scenario. This prediction range reflects the market's divergent views on the prospects of ETH. The market always emerges in despair, rises in hesitation, and ends in frenzy. The current sideways consolidation is like the calm before a storm, with a 50% volatility indicator suggesting that once the direction is clear, the market will be exceptionally volatile. Traders closely monitor the 4-hour level trend, waiting for the market to make its final direction choice. For investors, strict risk control and position management are the key to survival in this long short game. After the sideways trend ends, the market will eventually determine the short-term winner, but the real winners will always be those participants who follow market rules and strictly control risks. Operation suggestion: BTC 110650 long first target watch 112350 second target watch 113765; ETH 4115 long. First target is 4180. Second target is 4245. Join the language community communication group to obtain more services 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system- 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance. Tencent Meeting Live: 985-066-2513 DingTalk Group Number: 120320009032 Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
Layer 1 blockchain Flare Network has announced the launch of FXRP, a wrapped version of XRP designed to support its widespread use in DeFi applications. FXRP is the first practical deployment of Flare's "FAssets" system, which converts non-smart contract tokens like XRP into "over-collateralized" assets, enabling them to interact with DeFi protocols. XRP holders can provide collateral through Flare's "independent agent" network to mint FXRP at a 1:1 ratio for trading, lending, or liquidity provision. Initially, FXRP minting will be capped at 5 million tokens, with plans to gradually increase this limit in the future. Users can acquire FXRP through decentralized exchanges such as SparkDEX, BlazeSwap, and Enosys, or mint and perform cross-chain operations via wallets like Luminite and Oxen Flow. To attract liquidity, early FXRP liquidity pools will receive rFLR incentives, with some pools offering target annual percentage yields (APY) of up to 50% and supporting collateralized lending functionalities.
HTX-BTC perpetual contract is now reported at $113060.5. According to market contract position analysis, the main force lacks confidence in the future market, and the price may fall. Please hold positions reasonably and control risks
[Hong Kong Monetary Authority Clarifies No Offshore RMB Stablecoin Issuance, Warns Against False Information] The Hong Kong Monetary Authority (HKMA) has issued a statement clarifying that recent social media claims about the issuance of the world's first offshore RMB-linked stablecoin in Hong Kong are false information. The HKMA emphasized that the 'Stablecoin Ordinance' will officially take effect on August 1, 2025. Any activities involving the issuance of fiat-backed stablecoins or promotion to the public in Hong Kong must hold a stablecoin issuer license issued by the HKMA. As of now, the HKMA has not issued any such licenses. The HKMA reminds the public to be vigilant against unauthorized stablecoin promotional activities and stated that it will continue to monitor market developments and take necessary actions against suspected illegal activities.
At the opening of the US stock market, the Dow Jones Industrial Average rose 80 points, the Nasdaq rose 65 points, and the S&P 500 index rose 0.21%.