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Ethereum Foundation Continues Selling ETH, Can ETH Price Hold On?The Ethereum Foundation's ongoing ETH sales have intensified the decline in ETH price, triggering concerns about the future development prospects of Ethereum. Can ETH replicate the glory of Bitcoin spot ETFs? How long can the Ethereum Foundation's funds sustain, and where will Ethereums future go? This article will delve into the current challenges faced by Ethereum and its future development direction

Ethereum Faces Selling Pressure: Coinbase Premium Index Plunges, Exchange Supply Rises, Price Could Break Key SupportEthereum (ETH) price has been under sustained pressure recently, falling below $2,400 for the second time in three days. While the wider market may be hopeful that the latest decline marks a bottom, on-chain analysis points to a different narrative

Riot Platforms Bitcoin Production Decreases in August, But Hash Rate Growth Target Remains UnchangedRiot Platforms, a Nasdaq-listed US cryptocurrency mining company, reported its Bitcoin production (mining) performance for August on the 5th. The company's Bitcoin holdings reached 10,019, surpassing 10,000 for the first time

Bitcoin Could Dip Below $50,000: Falling Volume, ETF Outflows, and Historical Data Hint at CorrectionBitcoin has been facing multiple headwinds recently, with declining trading volume, slowing ETF inflows, and historical data suggesting a potential correction in September, potentially pushing the cryptocurrency below the critical psychological level of $50,000.Cyrus Ip, Head of Content at Bybit exchange, stated that while the current market conditions suggest minimal resistance to a pullback below $50,000, new catalysts or headlines could rapidly shift market sentiment, especially in a low-liquidity environment

Investment Analysis: Ethereum's Resonance, Divergence, and Potential OpportunitiesEthereum's (ETH) recent price action has garnered market attention, with its fluctuations closely tied to technical indicators such as resonance, divergence, and others. This article will explore potential investment opportunities in Ethereum through chart analysis

Hong Kong's RWA Ecosystem Booms: Langxin Group and Ant Group's Collaboration Ushers in a New Era of Real-World Asset TokenizationOn August 28, the Hong Kong Monetary Authority (HKMA) held a press conference to announce the first phase of the Ensemble project (Sandbox) and detailed four key tokenization use cases. Among them, the first domestic tokenization project based on real-world assets in the new energy sector, completed in Hong Kong by Langxin Group (300682, SZ) and Ant Group, became a focal point of the press conference

Bitcoin: A Financial Weapon in the US-China GameYears ago, a friend complained that I missed the opportunity to invest in Bitcoin, suggesting that I missed out on a chance to become rich. However, I always believed that Bitcoin was a scam targeting China, aimed at harvesting its wealth

Cryptocurrency Correlation with Stock Market Intensifies, Nonfarm Payrolls Data Crucial TonightThe link between cryptocurrency and stock markets is growing stronger, particularly in the wake of recent economic data. Data compiled by Bloomberg shows the correlation coefficient between cryptocurrencies and the MSCI World Index hovering near 0

How is the Ethereum Team Addressing the ETH Price Dip? Insights from the 12th AMAOn the evening of September 5, 2024, the Ethereum Foundation held its 12th Ask Me Anything (AMA) session, aiming to address community questions about Ethereum's future development. This event featured key members like Ethereum co-founder Vitalik Buterin, Foundation members Justin Drake, and Dankrad Feist, with discussions centering around the reasons behind ETH's price struggles, the team's response strategies, and Ethereum's future direction

Non-farm Payroll Data to be Revealed Tonight! Can Bitcoin Hold $56,000?The highly anticipated non-farm payroll data will be released at 8:30 PM tonight, significantly impacting Bitcoin's future trajectory. Last night's ADP report, a precursor to the non-farm data, showed a slowdown in job growth, further confirming a cooling job market and favoring a Fed rate cut

Bitcoin Price Continues to Decline as Risk Aversion Intensifies: Tonight's Nonfarm Payroll Data Could Be CrucialTonight's Nonfarm Payroll data will be the market's focus, potentially causing significant volatility in Bitcoin's price in the short term. If the data shows a rate cut and good unemployment rates, it will be bullish for the market, and Bitcoin's price could rebound; conversely, if there's a rate cut but poor unemployment figures, it signifies a heightened risk of recession, and Bitcoin's price may further decline

Non-farm Payroll Data Looms Large: Can Bitcoin Hold $56,000?The ADP report released last night showed a meager increase of less than 100,000 jobs, marking the fifth consecutive month of slowing growth. This further confirms a cooling employment market and bodes well for a Fed rate cut