The United States has implemented a 39% tariff on imports from Switzerland, effective August 7, 2025, significantly impacting the Swiss gold refining industry. This tariff, the highest among developed nations, specifically targets one-kilo and 100-ounce gold bars, which were previously exempt from such taxes. The move is part of a broader strategy to address a
BitcoinWorld Ethereum Whale’s Astonishing $670M ETH Accumulation Sparks Market Buzz The cryptocurrency world is abuzz with news of an extraordinary event: an anonymous Ethereum whale has completed a massive ETH accumulation , acquiring an astounding $670 million worth of Ether in a mere four days. This significant move has naturally captured the attention of investors and analysts alike, sparking widespread speculation about its potential impact on broader crypto market trends . Unpacking the Recent ETH Accumulation: Who is This Mysterious Buyer? According to diligent on-chain analysis provided by @EmberCN on X, this colossal investor, widely believed to be an institution or a large company, meticulously gathered 171,015 ETH. This substantial sum, valued at approximately $670 million, was channeled through six newly established addresses over the past 96 hours. Moreover, the whale’s activity shows no signs of slowing, as an additional 23,424 ETH, worth about $91.65 million, was acquired in just the last hour alone. This systematic approach suggests a well-planned strategy rather than impulsive trading. Such a calculated large ETH purchase often signals strong long-term conviction in Ethereum’s value proposition. Why an Ethereum Whale’s Movements Matter for the Market When an Ethereum whale makes such a substantial move, it sends ripples across the entire crypto ecosystem. These large-scale acquisitions can be indicative of several factors: Institutional Confidence: A massive purchase by a presumed institution suggests growing confidence in Ethereum’s future, including its technological advancements and increasing utility. Supply Shock Potential: Removing such a large amount of ETH from circulating supply could, in theory, contribute to price appreciation if demand remains constant or increases. Market Sentiment: Other investors often look to the actions of large players for cues. This kind of activity can boost positive sentiment and encourage further investment. Consequently, these movements are closely watched for insights into upcoming crypto market trends . Leveraging On-Chain Analysis to Track Big Moves The ability to track such an extensive ETH accumulation highlights the power of on-chain analysis . This method involves examining public blockchain data to gain insights into market activity. Analysts can identify: Wallet addresses associated with large transactions. The flow of funds between exchanges and private wallets. Patterns of buying and selling by significant holders. Tools and platforms allow experts to piece together these data points, offering a transparent view into the actions of major market participants like this anonymous whale. This transparency is a unique feature of the blockchain, providing valuable information that is often unavailable in traditional financial markets. Implications of This Large ETH Purchase: What’s Next for Ethereum? The implications of this significant large ETH purchase are a topic of much discussion. While no one can predict the future with certainty, such a substantial accumulation by a single entity could signify a belief in Ethereum’s continued growth and adoption. It might also suggest an expectation of favorable regulatory environments or upcoming technological milestones for the network. For investors, this event serves as a reminder to conduct thorough research and understand the underlying fundamentals of assets. While whale movements are noteworthy, they are just one piece of the complex puzzle that shapes crypto market trends . It’s crucial to consider the broader economic landscape, technological developments, and overall market sentiment. This unprecedented ETH accumulation by an anonymous Ethereum whale underscores the dynamic nature of the digital asset space. It reinforces the growing institutional interest in cryptocurrencies and the increasing sophistication of market participants. As the crypto landscape continues to evolve, keeping an eye on such significant on-chain activities provides valuable insights into potential future directions. Frequently Asked Questions (FAQs) What is an Ethereum whale? An Ethereum whale is an individual or entity that holds a very large amount of Ethereum (ETH), enough to potentially influence market prices with their trades. How is this ETH accumulation tracked? This ETH accumulation is tracked through on-chain analysis, which involves monitoring public blockchain data. Analysts identify large transactions, new wallet creations, and fund flows to piece together the activities of major holders. What does a large ETH purchase indicate? A large ETH purchase often indicates strong conviction in Ethereum’s long-term value, potential institutional interest, or a strategic move by a significant investor expecting future price appreciation. How might this affect ETH price? While not a guarantee, a massive ETH accumulation can potentially reduce the circulating supply, which, if demand remains strong, could contribute to upward price pressure. It also often boosts positive market sentiment. Is this ETH accumulation a common occurrence? While large purchases happen, an ETH accumulation of this magnitude ($670 million in four days by a single entity) is quite rare and noteworthy, indicating significant interest. Did you find this article insightful? Share it with your friends and fellow crypto enthusiasts on social media to spread awareness about this astonishing Ethereum whale activity! To learn more about the latest crypto market trends , explore our article on key developments shaping Ethereum price action . This post Ethereum Whale’s Astonishing $670M ETH Accumulation Sparks Market Buzz first appeared on BitcoinWorld and is written by Editorial Team
Dogecoin started a fresh increase from the $0.1950 zone against the US Dollar. DOGE is now consolidating and might aim for more gains above $0.2250. DOGE price started a fresh increase above the $0.2120 level. The price is trading above the $0.2150 level and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.2150 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh upward move if it clears the $0.2250 and $0.2350 resistance levels. Dogecoin Price Regains Traction Dogecoin price started a fresh increase above the $0.2020 resistance zone, like Bitcoin and Ethereum . DOGE was able to clear the $0.2120 and $0.2150 resistance levels. There was a clear move above the $0.220 level. Finally, the price tested $0.2250. A high is formed at $0.224 and the price is now consolidating above the 23.6% Fib retracement level of the upward move from the $0.1956 swing low to the $0.2243 high. Dogecoin price is now trading above the $0.220 level and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.2150 on the hourly chart of the DOGE/USD. Immediate resistance on the upside is near the $0.2250 level. The first major resistance for the bulls could be near the $0.2320 level. The next major resistance is near the $0.2420 level. A close above the $0.2420 resistance might send the price toward the $0.250 resistance. Any more gains might send the price toward the $0.2650 level. The next major stop for the bulls might be $0.2780. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.2250 level, it could start a fresh decline. Initial support on the downside is near the $0.2175 level. The next major support is near the $0.2150 level. The main support sits at $0.210 or the 50% Fib retracement level of the upward move from the $0.1956 swing low to the $0.2243 high. If there is a downside break below the $0.2150 support, the price could decline further. In the stated case, the price might decline toward the $0.2050 level or even $0.2020 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.2175 and $0.2150. Major Resistance Levels – $0.2250 and $0.2320.
August 8th, 2025 – San Jose, California CARV , the first AI infrastructure that is powering the rise of sovereign AI Beings, proudly marks the successful conclusion of the Tech Fairness Hackathon , co-hosted with FAIR3 and HackQuest . The global hackathon, focused on building open, equitable AI and Web3 technologies, drew over 600 applicants and more than 200 registered projects, culminating in 21 winning teams selected from 30 finalists. The event showcased the global momentum behind agent-based, privacy-first, modular applications, perfectly aligned with CARV’s long-term roadmap for evolving from data infrastructure into a fully composable, autonomous AI Being Stack. CARV’s track challenged developers to go deep into four core infrastructure layers: AI Agent Infra on SVM : Building execution and coordination layers atop CARV’s custom Solana Virtual Machine (SVM) chain. Decentralized Data Orchestration : Leveraging CARV’s D.A.T.A. Framework for real-time, consent-based agent data. Modular Identity & Reputation : Extending the capabilities of CARV ID for agents through behavioral metadata and verifiable Agent IDs. Open Innovation : Demonstrating real-world agent applications that align with CARV’s consumer-focused direction. Projects like AI World , Cipher Protocol , DootyCall , NutriMe , and PeachLust emerged as leading examples of how decentralized agents can be brought to life through modular infrastructure. These use cases range from AI-powered health apps and generative storytelling platforms to real-time financial assistants—all integrated with identity, data, and onchain execution logic. “Genesis Evolution is not a theory. Builders are proving what is possible,” said Ambero Tu, CTO of CARV. “This Hackathon gave us a live lab to test those ideas with builders around the world. The winning projects are not just demos, they are viable microcosms of what the CARV ecosystem can become.” Ambero highlighted that several teams successfully integrated the CARV ID SDK and began experimenting with structured queries to the D.A.T.A. Framework. Furthermore, he emphasized three near-term priorities following the Hackathon: Deploy Agent IDs at Scale : Begin issuing Agent IDs with behavioral metadata, enabling early versions of the Unified Reputation Graph. Launch Early Agent Marketplaces : Enable testnet-native transactions between agents for data access, compute, or service exchange. Drive Governance Participation : Encourage builders to stake veCARV and participate in early governance rounds that influence protocol parameters and developer incentives. Victor Yu, COO of CARV, mentioned that the next step is to support the builders with on-chain deployments, testing environments, and fast-track access to CARV’s infrastructure. To continue momentum post-Hackathon, CARV will provide: Engineering mentorship for integrating with the CARV SVM chain and D.A.T.A. Framework Grants and ecosystem onboarding for top teams ready to productize Access to real user traffic via CARV Play and partner platforms Participation in the Agent ID early issuance program Opportunities to propose Agent DAO pilots through veCARV governance CARV sees this Hackathon not as an endpoint, but as the ignition point for an ecosystem of AI Beings, agents that are identity-bound, economically aligned, and designed to serve real people, not just centralized platforms. “This was a proof of concept not just for our technology, but for our values,” said Victor. “We are proud to see builders from around the world embrace Tech Fairness, Data Sovereignty, and the Agent Economy . Now, we keep building. Together.” About CARV CARV is where Sovereign AI Beings live, learn, and evolve. What are AI Beings? They are sovereign intelligences born natively on-chain. AI Beings are designed with purpose, autonomy, and the capacity for growth. They possess memory, identity, and the ability to perceive and interact with their environment, not just to execute tasks, but to make independent decisions, adapt over time, and pursue self-defined goals. Anchored by its proprietary CARV SVM Chain, D.A.T.A. Framework, and CARV ID/Agent ID system ( ERC-7231 ), CARV enables verifiable, consent-based AI Beings that learn, adapt, and co-create with users. Driven by CARV’s AI-first stack, consumer AI apps incubated through CARV Labs launched on Google Play, App Store and beyond, reaching billions of people, bringing agent-powered experiences and real-world incentives into mainstream digital life. With 8M+ CARV IDs issued, 60K+ verifier nodes, and 1,000+ integrated games, CARV bridges AI agents, Web3 infrastructure, and real-world utility, fueling the rise of agent-driven economies. At its core, CARV token powers staking, governance, and coordination across this stack, making CARV the operating system for AI Beings on Web3. X (Twitter): https://x.com/carv_official Discord: https://discord.com/invite/carv Telegram: https://t.me/carv_official_global Whitepaper: https://docs.carv.io/ Contact COO Victor Yu CARV vito@carv.io This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on X Facebook Telegram Check out the Latest Industry Announcements The post Moving Forward: Builders Are Proving What’s Possible with CARV’s AI Stack appeared first on The Daily Hodl .
San Jose, California, August 8th, 2025, Chainwire CARV , the first AI infrastructure that is powering the rise of sovereign AI Beings, proudly marks the successful conclusion of the Tech Fairness Hackathon , co-hosted with FAIR3 and HackQuest . The global hackathon, focused on building open, equitable AI and Web3 technologies, drew over 600 applicants and more than 200 registered projects, culminating in 21 winning teams selected from 30 finalists. The event showcased the global momentum behind agent-based, privacy-first, modular applications, perfectly aligned with CARV’s long-term roadmap for evolving from data infrastructure into a fully composable, autonomous AI Being Stack. CARV’s track challenged developers to go deep into four core infrastructure layers: AI Agent Infra on SVM: Building execution and coordination layers atop CARV’s custom Solana Virtual Machine (SVM) chain. Decentralized Data Orchestration: Leveraging CARV’s D.A.T.A. Framework for real-time, consent-based agent data. Modular Identity & Reputation: Extending the capabilities of CARV ID for agents through behavioral metadata and verifiable Agent IDs. Open Innovation: Demonstrating real-world agent applications that align with CARV’s consumer-focused direction. Projects like AI World, Cipher Protocol, DootyCall, NutriMe, and PeachLust emerged as leading examples of how decentralized agents can be brought to life through modular infrastructure. These use cases range from AI-powered health apps and generative storytelling platforms to real-time financial assistants—all integrated with identity, data, and onchain execution logic. “Genesis Evolution is not a theory. Builders are proving what is possible,” said Ambero Tu, CTO of CARV. “This Hackathon gave us a live lab to test those ideas with builders around the world. The winning projects are not just demos, they are viable microcosms of what the CARV ecosystem can become.” Ambero highlighted that several teams successfully integrated the CARV ID SDK and began experimenting with structured queries to the D.A.T.A. Framework. Furthermore, he emphasized three near-term priorities following the Hackathon: Deploy Agent IDs at Scale: Begin issuing Agent IDs with behavioral metadata, enabling early versions of the Unified Reputation Graph. Launch Early Agent Marketplaces: Enable testnet-native transactions between agents for data access, compute, or service exchange. Drive Governance Participation: Encourage builders to stake veCARV and participate in early governance rounds that influence protocol parameters and developer incentives. Victor Yu, COO of CARV, mentioned that the next step is to support the builders with on-chain deployments, testing environments, and fast-track access to CARV’s infrastructure. To continue momentum post-Hackathon, CARV will provide: Engineering mentorship for integrating with the CARV SVM chain and D.A.T.A. Framework Grants and ecosystem onboarding for top teams ready to productize Access to real user traffic via CARV Play and partner platforms Participation in the Agent ID early issuance program Opportunities to propose Agent DAO pilots through veCARV governance CARV sees this Hackathon not as an endpoint, but as the ignition point for an ecosystem of AI Beings, agents that are identity-bound, economically aligned, and designed to serve real people, not just centralized platforms. “This was a proof of concept not just for our technology, but for our values,” said Victor. “We are proud to see builders from around the world embrace Tech Fairness, Data Sovereignty, and the Agent Economy. Now, we keep building. Together.” About CARV CARV is where Sovereign AI Beings live, learn, and evolve. What are AI Beings? They are sovereign intelligences born natively on-chain. AI Beings are designed with purpose, autonomy, and the capacity for growth. They possess memory, identity, and the ability to perceive and interact with their environment, not just to execute tasks, but to make independent decisions, adapt over time, and pursue self-defined goals. Anchored by its proprietary CARV SVM Chain, D.A.T.A. Framework, and CARV ID/Agent ID system ( ERC-7231 ), CARV enables verifiable, consent-based AI Beings that learn, adapt, and co-create with users. Driven by CARV’s AI-first stack, consumer AI apps incubated through CARV Labs launched on Google Play, App Store and beyond, reaching billions of people, bringing agent-powered experiences and real-world incentives into mainstream digital life. With 8M+ CARV IDs issued, 60K+ verifier nodes, and 1,000+ integrated games, CARV bridges AI agents, Web3 infrastructure, and real-world utility, fueling the rise of agent-driven economies. At its core, $CARV token powers staking, governance, and coordination across this stack, making CARV the operating system for AI Beings on Web3. X (Twitter): https://x.com/carv_official Discord: https://discord.com/invite/carv Telegram: https://t.me/carv_official_global Whitepaper: https://docs.carv.io/ ContactCOOVictor YuCARVvito@carv.io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
BitcoinWorld Moving Forward: Builders Are Proving What’s Possible with CARV’s AI Stack San Jose, California, August 8th, 2025, Chainwire CARV , the first AI infrastructure that is powering the rise of sovereign AI Beings, proudly marks the successful conclusion of the Tech Fairness Hackathon , co-hosted with FAIR3 and HackQuest . The global hackathon, focused on building open, equitable AI and Web3 technologies, drew over 600 applicants and more than 200 registered projects, culminating in 21 winning teams selected from 30 finalists. The event showcased the global momentum behind agent-based, privacy-first, modular applications, perfectly aligned with CARV’s long-term roadmap for evolving from data infrastructure into a fully composable, autonomous AI Being Stack. CARV’s track challenged developers to go deep into four core infrastructure layers: AI Agent Infra on SVM : Building execution and coordination layers atop CARV’s custom Solana Virtual Machine (SVM) chain. Decentralized Data Orchestration : Leveraging CARV’s D.A.T.A. Framework for real-time, consent-based agent data. Modular Identity & Reputation : Extending the capabilities of CARV ID for agents through behavioral metadata and verifiable Agent IDs. Open Innovation : Demonstrating real-world agent applications that align with CARV’s consumer-focused direction. Projects like AI World , Cipher Protocol , DootyCall , NutriMe , and PeachLust emerged as leading examples of how decentralized agents can be brought to life through modular infrastructure. These use cases range from AI-powered health apps and generative storytelling platforms to real-time financial assistants—all integrated with identity, data, and onchain execution logic. “Genesis Evolution is not a theory. Builders are proving what is possible,” said Ambero Tu, CTO of CARV. “This Hackathon gave us a live lab to test those ideas with builders around the world. The winning projects are not just demos, they are viable microcosms of what the CARV ecosystem can become.” Ambero highlighted that several teams successfully integrated the CARV ID SDK and began experimenting with structured queries to the D.A.T.A. Framework. Furthermore, he emphasized three near-term priorities following the Hackathon: Deploy Agent IDs at Scale : Begin issuing Agent IDs with behavioral metadata, enabling early versions of the Unified Reputation Graph. Launch Early Agent Marketplaces : Enable testnet-native transactions between agents for data access, compute, or service exchange. Drive Governance Participation : Encourage builders to stake veCARV and participate in early governance rounds that influence protocol parameters and developer incentives. Victor Yu, COO of CARV, mentioned that the next step is to support the builders with on-chain deployments, testing environments, and fast-track access to CARV’s infrastructure. To continue momentum post-Hackathon, CARV will provide: Engineering mentorship for integrating with the CARV SVM chain and D.A.T.A. Framework Grants and ecosystem onboarding for top teams ready to productize Access to real user traffic via CARV Play and partner platforms Participation in the Agent ID early issuance program Opportunities to propose Agent DAO pilots through veCARV governance CARV sees this Hackathon not as an endpoint, but as the ignition point for an ecosystem of AI Beings, agents that are identity-bound, economically aligned, and designed to serve real people, not just centralized platforms. “This was a proof of concept not just for our technology, but for our values,” said Victor. “We are proud to see builders from around the world embrace Tech Fairness, Data Sovereignty, and the Agent Economy . Now, we keep building. Together.” About CARV CARV is where Sovereign AI Beings live, learn, and evolve. What are AI Beings? They are sovereign intelligences born natively on-chain. AI Beings are designed with purpose, autonomy, and the capacity for growth. They possess memory, identity, and the ability to perceive and interact with their environment, not just to execute tasks, but to make independent decisions, adapt over time, and pursue self-defined goals. Anchored by its proprietary CARV SVM Chain, D.A.T.A. Framework, and CARV ID/Agent ID system ( ERC-7231 ), CARV enables verifiable, consent-based AI Beings that learn, adapt, and co-create with users. Driven by CARV’s AI-first stack, consumer AI apps incubated through CARV Labs launched on Google Play, App Store and beyond, reaching billions of people, bringing agent-powered experiences and real-world incentives into mainstream digital life. With 8M+ CARV IDs issued, 60K+ verifier nodes, and 1,000+ integrated games, CARV bridges AI agents, Web3 infrastructure, and real-world utility, fueling the rise of agent-driven economies. At its core, $CARV token powers staking, governance, and coordination across this stack, making CARV the operating system for AI Beings on Web3. X (Twitter): https://x.com/carv_official Discord: https://discord.com/invite/carv Telegram: https://t.me/carv_official_global Whitepaper: https://docs.carv.io/ Contact COO Victor Yu CARV vito@carv.io This post Moving Forward: Builders Are Proving What’s Possible with CARV’s AI Stack first appeared on BitcoinWorld and is written by chainwire
San Jose, California, August 8th, 2025, Chainwire CARV , the first AI infrastructure that is powering the rise of sovereign AI Beings, proudly marks the successful conclusion of the Tech Fairness Hackathon , co-hosted with FAIR3 and HackQuest . The global hackathon, focused on building open, equitable AI and Web3 technologies, drew over 600 applicants and more than 200 registered projects, culminating in 21 winning teams selected from 30 finalists. The event showcased the global momentum behind agent-based, privacy-first, modular applications, perfectly aligned with CARV’s long-term roadmap for evolving from data infrastructure into a fully composable, autonomous AI Being Stack. CARV’s track challenged developers to go deep into four core infrastructure layers: AI Agent Infra on SVM: Building execution and coordination layers atop CARV’s custom Solana Virtual Machine (SVM) chain. Decentralized Data Orchestration: Leveraging CARV’s D.A.T.A. Framework for real-time, consent-based agent data. Modular Identity & Reputation: Extending the capabilities of CARV ID for agents through behavioral metadata and verifiable Agent IDs. Open Innovation: Demonstrating real-world agent applications that align with CARV’s consumer-focused direction. Projects like AI World, Cipher Protocol, DootyCall, NutriMe, and PeachLust emerged as leading examples of how decentralized agents can be brought to life through modular infrastructure. These use cases range from AI-powered health apps and generative storytelling platforms to real-time financial assistants—all integrated with identity, data, and onchain execution logic. “Genesis Evolution is not a theory. Builders are proving what is possible,” said Ambero Tu, CTO of CARV. “This Hackathon gave us a live lab to test those ideas with builders around the world. The winning projects are not just demos, they are viable microcosms of what the CARV ecosystem can become.” Ambero highlighted that several teams successfully integrated the CARV ID SDK and began experimenting with structured queries to the D.A.T.A. Framework. Furthermore, he emphasized three near-term priorities following the Hackathon: Deploy Agent IDs at Scale: Begin issuing Agent IDs with behavioral metadata, enabling early versions of the Unified Reputation Graph. Launch Early Agent Marketplaces: Enable testnet-native transactions between agents for data access, compute, or service exchange. Drive Governance Participation: Encourage builders to stake veCARV and participate in early governance rounds that influence protocol parameters and developer incentives. Victor Yu, COO of CARV, mentioned that the next step is to support the builders with on-chain deployments, testing environments, and fast-track access to CARV’s infrastructure. To continue momentum post-Hackathon, CARV will provide: Engineering mentorship for integrating with the CARV SVM chain and D.A.T.A. Framework Grants and ecosystem onboarding for top teams ready to productize Access to real user traffic via CARV Play and partner platforms Participation in the Agent ID early issuance program Opportunities to propose Agent DAO pilots through veCARV governance CARV sees this Hackathon not as an endpoint, but as the ignition point for an ecosystem of AI Beings, agents that are identity-bound, economically aligned, and designed to serve real people, not just centralized platforms. “This was a proof of concept not just for our technology, but for our values,” said Victor. “We are proud to see builders from around the world embrace Tech Fairness, Data Sovereignty, and the Agent Economy. Now, we keep building. Together.” About CARV CARV is where Sovereign AI Beings live, learn, and evolve. What are AI Beings? They are sovereign intelligences born natively on-chain. AI Beings are designed with purpose, autonomy, and the capacity for growth. They possess memory, identity, and the ability to perceive and interact with their environment, not just to execute tasks, but to make independent decisions, adapt over time, and pursue self-defined goals. Anchored by its proprietary CARV SVM Chain, D.A.T.A. Framework, and CARV ID/Agent ID system ( ERC-7231 ), CARV enables verifiable, consent-based AI Beings that learn, adapt, and co-create with users. Driven by CARV’s AI-first stack, consumer AI apps incubated through CARV Labs launched on Google Play, App Store and beyond, reaching billions of people, bringing agent-powered experiences and real-world incentives into mainstream digital life. With 8M+ CARV IDs issued, 60K+ verifier nodes, and 1,000+ integrated games, CARV bridges AI agents, Web3 infrastructure, and real-world utility, fueling the rise of agent-driven economies. At its core, $CARV token powers staking, governance, and coordination across this stack, making CARV the operating system for AI Beings on Web3. X (Twitter): https://x.com/carv_official Discord: https://discord.com/invite/carv Telegram: https://t.me/carv_official_global Whitepaper: https://docs.carv.io/ ContactCOOVictor YuCARVvito@carv.io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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PEPE Coin, like the rest of the crypto market, has seen its price beaten down toward June lows once again after an explosive month of July . This has set the meme coin on another bearish path that could end up in a crash of the $0.00001 resistance. However, with the new week, there have been some positive changes, and indicators are starting to point toward a possible recovery that could send the price doubling. PEPE Enters Consolidation Phase The PEPE price is trending dangerously close to the $0.00001 support, and even the recent bounce has not been able to completely eliminate the risk of bears pulling it down completely. Crypto analyst MasterAnanda attributes this development to the fact that the entire market is in a retracement, and thus, this is not a decline driven by factors solely unique to the PEPE meme coin . There is also the fact that the cryptocurrency has been able to hold up quite nicely despite the market decline, suggesting there is still some level of strength in the market. This is shown in the multiple waves of bullish and bearish trends that have been seen so far this year, with a local peak in May, and then another in July. Despite the decline, the crypto analyst explains that PEPE is actually trading in a very strong structure . This is actually noticeable in the fact that PEPE has managed to remain inside the $0.00001-$0.000011 structure without breaking down completely. Given that June saw a higher low, the analyst believes that this means that it will not make a new low despite the crash. Another factor that points to a possible upward move for the PEPE price is the fact that volume has dropped quite low. Data from the Coinglass website shows that the PEPE trading volume had peaked as high as $5 billion back in the month of July, during the height of the market rally. However, since then, there has been a noticeable decline in the daily trading volume for the meme coin. By the start of August, trading volume had already fallen below the $2 billion mark, standing at around $1.2 billion at the time of writing. This translates to a 76% decrease from the July 12 high, less than a month before. Given that low volumes are often indicative of an end to a bearish trend, it is possible that PEPE will soon reach a bottom before reversing . Another possible scenario outlined by the crypto analyst is that the price could see a flash crash followed by a quick recovery, but both with similar outcomes, which is a price rally. The PEPE meme coin is also in a consolidation trend after the decline. There have been sideways and mid-range price action that have dominated the altcoin as proof of this consolidation. Since consolidation trends are historically known to end in an uptrend, it is likely that PEPE would see another wave of growth once this consolidation ends.
Ethereum (ETH) is attempting to break out of a crucial resistance level after recovering from last week’s lows. Some analysts suggested that the cryptocurrency is repeating past breakout playbooks, which could lead to a new high this quarter. Related Reading: Cardano (ADA) Targets $0.80 As Price Retests Key Level – Is An 85% Jump Ahead? Fourth Time’s The Charm? On Thursday, Ethereum retested the $3,850 level after recording a 6.3% surge in the daily timeframe. The surge was fueled by news of President Donald Trump’s alleged plan to sign an executive order that would allow private equity, real estate, cryptocurrency, and other alternative assets investments in 401(k) plans. The executive order would reportedly direct the Department of Labor (DOL) to revise the guidelines related to alternative asset investments in retirement plans, opening the doors to the $12.5 trillion industry. Notably, the King of Altcoins has been trading between the $3,400-$3,800 price range since the mid-July breakout, attempting to break out from the last “major resistance” zone three times during this period. Last week, ETH surged to a seven-month high of $3,941, briefly trading above the key resistance zone before retracing to its local range. The start-of-August correction saw the cryptocurrency retreat to the range lows, retesting the $3,350-$3,400 area as support. Ethereum attempted to reclaim the range highs as this week started, trading in the $3,600-$3,700 mid-zone for the past three days. However, today’s pump saw the second-largest crypto surge past the $3,800 area and retest the $3,850 local resistance. Following its recent performance, analyst Alex Clay considers that ETH’s correction “seems to be over.” He highlighted an 18-month descending broadening wedge on the daily chart, affirming that a “breakout is imminent” as the cryptocurrency neared the formation’s upper boundary. Ethereum To Hit New Highs Soon Analyst Ted Pillows affirmed that ETH is “just one bullish candle away from a major breakout,” highlighting the similarities between its May-June setup and its current one. Following the May breakout, Ethereum traded within its local range, failing to break above the $2,700 resistance multiple times before its June bull and bear traps. Following the fake-out and retest of the lows, the cryptocurrency broke out of its range and hit a new yearly high in the following weeks. Similarly, ETH has been trading within its current range after the July breakout, as the analyst’s chart shows, retesting the local resistance before the late July bull trap. After the early August bear trap, the King of Altcoins is now retesting the $3,850-$3,900 area. A breakout from this zone could propel the price above the $4,000 barrier if history repeats. Based on this, the analyst suggested that a $5,000 target is possible before the quarter ends. Meanwhile, Rekt Capital highlighted that the Ethereum Dominance (ETHDOM) has surged above the 12% level in an uptrend for the first time in five years. Related Reading: Solana To Drop Before The ‘Real Move’? Analyst Forecasts New Highs In Q3 He noted that the last time ETHDOM rallied to this area was in July 2020, when it consolidated between the 12% to 16% zone for months before breaking out in 2021. According to the analyst, ETHDOM is now challenging to transition into a similar consolidation phase. As of this writing, ETH trades at $3,826 in the one-week chart, a 48% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com