Crypto News

The U.S. central bank now says it understands the risks associated with crypto.Source link

Crypto exchange OKX slashed the supply of its OKB token by more than 90%, burning the vast majority of the Ethereum-based tokens.Source link

Since the U.S. Producer Price Index (PPI) report dropped, the odds of the Federal Reserve trimming the federal funds rate have taken a slight turn. September Fed Cut No Longer a Lock After PPI Shock The hotter-than-expected inflation data in the July PPI has thrown a hint of uncertainty into the equation. While traders stillSource link

HBAR posted sharp price swings over the 24 hours between Aug. 14 at 15:00 and Aug. 15 at 14:00, moving within a $0.015 range, a 6% gap between the day’s high of $0.259 and low of $0.244. The token faced heavy selling pressure early in the session, bottoming at $0.244 around 21:00 on Aug. 14 before staging a strong rebound to $0.259 by 08:00 the following morning. Trading volumes hit 65.56 million during the recovery, well above the 24-hour average, underscoring strong participation.Key support formed between $0.248 and $0.249, where buyers repeatedly stepped in. On the upside, resistance solidified at $0.255–$0.256 as sellers intensified distribution. The climb from overnight lows showed solid momentum with volume backing, hinting at systematic accumulation....

Ether exchange-traded funds (ETFs) scored another $640 million in inflows, marking their eighth consecutive day in the green, while bitcoin ETFs logged a seventh straight day of gains with $231 million despite sharp outflows in several major funds. Record-breaking trading volumes underscored the market’s feverish pace. Ether ETFs Extend Streak to 8 Days With BitcoinSource link