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🤯 On the exchange at night, a whale's SHORT position worth $13 million was liquidated with a single order in the
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⏺ CZ stated: "The international race for crypto is starting." One major economy is already buying digital assets, and others, in his opinion, will soon follow. Those who don't keep up will lose. The later a country enters the market, the higher the price
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👀 Which altcoins are accumulating? The Netflow Heatmap shows inflows and outflows of altcoins on CEX exchanges. ➕ The most accumulating are: $ENJ , $FET , $COMP , and #SNX . You might want to take a closer look at these assets 🤨
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💧 Sui ($SUI ) Enters “Strategic Accumulation Zone” as DEX Volume Hits $14 Billion Sui (SUI), a Layer 1 blockchain that has been gaining significant momentum, is entering what many analysts see as a strategic accumulation zone. After a powerful rally in July, the token’s price has pulled back to a key range between $2.79 and $2.63, an area that investors are watching closely as a potential demand level. With growing trading volume, bullish technical patterns, and fresh institutional interest, SUI may be gearing up for a significant upward move. The market appears to be entering a rotation phase, and historically, strong ecosystems tend to lead the recovery. 🔸 Market Rotation Favors Strong Ecosystems Analyst Michaël van de Poppe highlighted that during market reversals, capital tends to flow first into the most robust blockchain ecosystems. He argues that SUI fits this narrative perfectly, backed by its innovative technology and explosive ecosystem growth. That growth was on full display in July, when decentralized exchanges (DEXs) on the Sui network processed a record-breaking $14 billion in volume. This on-chain activity is being noticed by institutional players. Mill City Ventures recently completed a $450 million private placement to launch a dedicated SUI Treasury Strategy, signaling growing institutional confidence and a new wave of capital set to be deployed into the #SUI ecosystem. 💬 Market reversals = the strongest ecosystems will go back the fastest.I think SUI is getting into an interesting spot, where it's possible to buy the asset at a discount.Strong move upwards last month, and I think that there's more to come.Key factors:– New ATH in DEX…— Michaël van de Poppe (@CryptoMichNL) August 4, 2025
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🤔 Fact Check: Is Pi Network Going Fully Open Source Next Month? The Pi Network community is filled with anticipation, many are asking: Is Pi Network going fully open source in September 2025? With talk of a mainnet launch and new ecosystem updates on the horizon, it’s time to separate fact from rumor. 🔸 Where Did the Claim Start? This claim gained momentum after several Pi community moderators, including Shah Rah π, shared on X that “Pi Network open source may be realized around September!” He even posted a simple FAQ image explaining what this update could mean for everyone. 🔸 Fact Check: Pi Going Open Source in September 2025? Lack of Official Confirmation As of now, no update from the Pi Core Team on minepi.com or their verified social media accounts confirms the central node shutdown or full open-source transition. The lack of an official blog post, or press release, suggests the move is either in progress or speculative. Core Protocol Access Meanwhile, both the X post and web articles emphasize that while PIOS enables open-source app development, the blockchain’s core protocol remains inaccessible to the public 🔸 Is Pi Already Open Source? Not yet. The Pi team says they are working to release their code to the public, but as of today, the code is not open source. Many in the community, as well as Pi news blogs and moderators like Shah Rah π, expect the code to be available in September. However, as of August 4, 2025, the full source code hasn’t yet been published for everyone to see. #PI #Pinetwork
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🔥 $XRP , Ethereum Lead Crypto Market Rebound as Trump Reignites Trade War Altcoins XRP and Ethereumer are leading the cryptocurrency rebound following a mostly red week, as President Trump reignites his global trade war. XRP and ETH have risen the most among the top 10 cryptocurrencies by market cap, per CoinGecko, climbing 4.5% and 2.7% respectively on the day. It comes as the odds that an XRP ETF will be approved before Litecoin have widened to 64%, according to Myriad Market predictors. Ethereum is now down just 27% from its all-time high of $4,878.26, according to CoinGecko. As such, users on Myriad Markets believe there to be a 54.4% likelihood that ETH sets a new all-time high this year. Leading the rebound is Ethereum-based stablecoin DeFi protocol Ethena, which has climbed 10.8% over the past 24 hours. Just behind Ethena is layer-1 blockchain Stellar, which has jumped 8.1%, Injective up 5.9%, and Solana meme coin BONK 5%. Despite the daily green candles, all the aforementioned cryptocurrencies are still in the red over the past week. On Thursday, President Trump renewed his global trade war by slapping dozens of U.S. trading partners with tariffs. The list of regions impacted includes China, Canada, the European Union, Mexico, and the UK. The new tariffs range from 10% to 41%. In response the S&P 500 tanked 3.33% from Thursday high into Friday. Bitcoin and Ethereum dropped 2.1% and 3.8%, respectively, with XRP and Solana posting similar losses on the day. However, as a new week dawns, the crypto market beginning its rebound. As a whole, the global crypto market cap has risen just shy of 1% on the day, with Bitcoin, BNB, and Solana trading flat. The biggest loser, at the time of writing, is Hyperliquid, which is currently trading 4% than it was this time yesterday. #XRP #ETH
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