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#BONK Memecoin News: BONK Price Holds Above Key Support, Faces $0.0000264 Resistance AI Summary Key Takeaways BONK rose 1.7% in 24 hours to $0.00002626. $0.00002640 resistance repeatedly capped rallies. Support remains at $0.00002550–$0.00002600 on strong buy-side activity. BONK, a Solana-based memecoin, climbed 1.7% over the past day to $0.00002626, trading within a tight 4% range as it approached a major resistance level. The token hit an intraday high of $0.00002645 and a low of $0.00002485, according to CoinDesk Research’s technical analysis model. A rebound from the August 7 low at 16:00 UTC pushed BONK toward its morning peak on Friday’s European session, with total volume surging above 1.09 trillion tokens — well above the daily average. Despite the strong recovery, momentum stalled at $0.00002640, where sell orders repeatedly halted upside attempts.@Binance News
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#PPI U.S. Economic Indicators to Influence Federal Reserve's September Rate Decision AI Summary According to PANews, the current week presents limited economic data, yet indicators suggest a slowdown in demand. Despite robust U.S. labor productivity, the deceleration in economic activity and rising service prices indicate mild stagflation. Looking ahead, three significant U.S. economic reports—CPI, PPI, and retail sales—are expected next week, potentially reinforcing expectations for a Federal Reserve rate cut in September. Key events include the release of July's CPI data on Tuesday at 20:30 (UTC+8), followed by a speech from 2027 FOMC voting member and Richmond Fed President Barkin at 22:00 (UTC+8). On Thursday, Chicago Fed President Goolsbee will discuss monetary policy at 01:00 (UTC+8), and Atlanta Fed President Bostic will address the U.S. economic outlook at 01:30 (UTC+8). Later that day, initial jobless claims for the week ending August 9 and July's PPI data will be released at 20:30 (UTC+8). On Friday, Barkin will participate in a webinar at 02:00 (UTC+8). At 22:00 (UTC+8), preliminary figures for August's one-year inflation expectations, the University of Michigan consumer sentiment index, and June's business inventory monthly rate will be announced. Should Friday's retail sales data reveal more severe economic challenges than anticipated, expectations for a September rate cut and another by year-end are unlikely to change. However, any dollar gains driven by the CPI may be limited and short-lived. Additionally, U.S. President Donald Trump remains open to imposing tariffs on more countries, which could lead to increased selling of U.S. assets if the situation escalates.
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Harvard Management Company disclosed 1.9M shares in BlackRock’s iShares Bitcoin ETF, worth $116M as of June 30. The Bitcoin ETF stake ranks as Harvard’s fifth-largest holding, behind Microsoft, Amazon, Booking Holdings, and Meta. Harvard’s $53.2B endowment is the largest among U.S. universities, historically focused on tech-heavy allocations. The BlackRock Bitcoin ETF — approved by the SEC in January 2024 — has grown to $86B in net assets. SEC’s new options contract limit increase could boost ETF demand further.$BTC
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Treehouse is creating the fixed income layer for DeFi, introducing benchmark rates and tokenized yield-bearing assets to bring stability to crypto yields. The Decentralized Offered Rate (DOR) is an on-chain benchmark designed to standardize interest rates across DeFi—similar to LIBOR or SOFR in traditional finance. tAssets like tETH allow users to earn yield while staying fully composable across multiple protocols and chains. TREE is more than governance—it powers rate-setting, incentivizes accuracy, and funds ecosystem growth.$TREE
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ETH is now less than $900 from its all-time high, with immediate support forming between $4,155–$4,160. Analysts are watching for consolidation before another leg higher, with upside targets between $4,500–$4,800 if momentum holds. Ethereum’s rapid two-day climb has reignited altseason speculation, shifted market dominance away from Bitcoin, and set the stage for a broader rotation play. While analysts see room for further gains, the combination of elevated retail sentiment and triple-average trading volumes suggests near-term volatility as profit-taking sets in.$ETH
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