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Bitcoin’s estimated leverage ratio (ELR) has dropped from its late July and early August highs, reducing the likelihood of sharp market corrections and helping to sustain price stability at elevated levels.
Share link:In this post: CoreWeave director Jack Cogen offloaded stock worth nearly $300 million as other investors offloaded up to $1 billion, according to regulatory filings The firm’s stocks have dropped by over 35% following weaker-than-expected Q2 earnings and soaring costs. Its shares had swung from a $40 IPO price in March to a $183 peak in June before retreating to around $100.
Analysts say the scale and timing of these acquisitions highlight disciplined accumulation, strengthening Ethereum’s role as a leading macro asset.
Prediction markets place the odds of US approval of a Dogecoin ETF at about 75%, due to the crypto-friendly Donald Trump administration.
- 22:29Kalshi's funding momentum remains strong, with its valuation possibly rising to $12 billion in the short term.ChainCatcher news, the US-regulated prediction market platform Kalshi is currently receiving venture capital proposals, with a potential valuation as high as $12 billion. Less than two weeks ago, Kalshi had just completed a financing round of over $300 million, with a valuation of $5 billion. Investors are showing strong interest in this rapidly growing startup, with the discussed valuation range between $10 billion and $12 billion or even higher.
- 22:25U.S. Senate Democrats Still Support Crypto LegislationJinse Finance reported that several executives from crypto companies met separately with Senate Democrats and Republicans on Wednesday to discuss advancing the crypto market structure bill. Chainlink CEO Sergey Nazarov stated that Democrats have shown a continued willingness to support bipartisan legislation, and the meetings have restarted the dialogue between the industry and lawmakers. Senate Banking Committee Chairman Tim Scott called on Democrats to immediately return to the negotiating table for substantive discussions. Although there are still procedural obstacles such as committee reviews and reconsideration by the House of Representatives, the industry believes that passing the bill would help digital assets gain recognition from the US government, and failure to complete it in the short term does not mean failure.
- 22:09The probability of the Federal Reserve cutting interest rates by 25 basis points in October reaches 97.3%.According to ChainCatcher, citing Golden Ten Data, CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in October is 97.3%, while the probability of keeping rates unchanged is 2.7%. In addition, the probability of a cumulative 50 basis point rate cut by December is 95.5%, while the probability of a cumulative 75 basis point rate cut has dropped to 0%.