Crypto News
Shiba Inu Tanks 6% But ‘Inverted Hammer’ Offers Hope to Bulls
Shiba inu (SHIB) dropped sharply early Friday as President Donald Trump's new tariffs weighed on market leader bitcoin and strengthened the U.S. dollar. The price chart still offers bullish hints.SHIB crashed 6% in a brutal 24-hour selloff from July 31, 13:00 to August 1, 12:00, plummeting from $0.000013 to $0.000012. Prices hit their lowest since July 9, extending the downtrend from the July 21 highs near $0.00001600.The decline follows a surge in the number of SHIB held on centralized exchanges. The tally surged to 84.9 trillion tokens on July 28, indicating potential whale distribution despite $63.7 million accumulation of 4.66 trillion SHIB, according to CoinDesk's market insights model. Meanwhile, the burn rate explodes 16,700% as 602 million SHIB tokens destroyed...
Exploring Deep Agents: The Evolution of AI Task Management
Deep agents enhance AI capabilities by planning complex tasks over time. Discover how tools like Claude Code and Manus innovate this space, enabling advanced task execution. (Read More)Source link
Metaplanet Files $3.7B Shelf Registration to Fund More Bitcoin Buys
Tokyo-listed Metaplanet Inc. announced Friday it has filed a shelf registration statement to potentially issue up to ¥555 billion ($3.7 billion) worth of perpetual preferred shares, aiming to fund its strategy of acquiring more bitcoin. The move is part of the company’s ambitious “Bitcoin Plan,” targeting the accumulation of 210,000 bitcoin between 2025 and 2027.Source link
Internet Computer (ICP) Price Drops to $5.09 as Bearish Momentum Accelerates
ICP trading at $5.09 (-5.05% in 24h) faces mounting pressure from regulatory concerns and technical breakdown below key moving averages. (Read More)Source link
Filecoin Drops Over 6%, Breaks Key Support at the $2.38 Level
Filecoin (FIL) displayed sharp volatility with a trading range of over 6% during the last 24-hours, according to CoinDesk Research's technical analysis model.The token broke key support at the $2.38 level on high volume, the model showed.AI platform SingularityNET has chosen Filecoin for metadata storage through Lighthouse, according to a post on X.In recent trading, FIL was 4.6% lower over 24 hours, trading around $2.36.The decline in Filecoin came as the wider crypto market also fell, with the broader market gauge, the Coindesk 20, recently 3.6% lower.Technical Analysis:Filecoin encountered significant bearish momentum during the 24-hour period.The cryptocurrency breached essential support at $2.38 during overnight trading periods, with volume surges reaching 7.54 million indicating potential institutional distribution activityDescending channel pattern formed...