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📈Breaking: JPMorgan raises target price for @coinbase to $404, up from $215.
This major upgrade reflects growing confidence in Coinbase’s market position amid rising crypto momentum.
#Coinbase $COIN #JPMorgan #CryptoMarkets #Web3
Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé.
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Midday news update #Web3 1️⃣ 💥 Massive Crypto Liquidations Rock Market Over $614.8M in positions were liquidated in the past 24 hours, affecting more than 147,000 traders, mostly long positions in $BTC and $ETH (Blockchain Reporter). Some reports indicate total liquidations may have exceeded $900M during the dip . 2️⃣ 📉 Bitcoin & Ethereum Price Update $BTC plunged below $113,000 amid heavy sell-offs, currently trading in the $112,800–$113,000 range. $ETH slid roughly 3.7%, now hovering around $3,425–$3,500. 3️⃣ 🌐 Tariff Fears Spark Market Panic U.S. tariff policy announcements are believed to have triggered the sharp downturn, causing $BTC to fall to a 3-week low and accelerating capital outflows and liquidations. 4️⃣ 🔍 August Outlook Remains Mixed Despite the current volatility, analysts from CoinCodex suggest potential for a bullish reversal later this month, driven by ETF flows, shrinking exchange balances, and improving sentiment.
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According to Onchain Lens, Huang Licheng, a "big brother" (or "Maji"), completely closed his long position in PUMP (5x leverage), incurring a loss of $7.76 million, and sold all of his PUMP positions on the spot market, losing $2.18 million. He currently holds long positions in ETH (25x leverage) and HYPE (5x leverage), with a paper loss of $13.5 million. His total profit has dropped from $26 million to $3.8 million.
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🧵Massive BTC Hack Uncovered: LuBian Mining Pool Lost $14.5B 🔍Arkham Intelligence revealed that LuBian, once Bitcoin's 6th largest mining pool, lost 127,426 BTC (~$14.5B today) in a massive hack from Dec 2020—the largest crypto theft at that time. 🚨Over 90% of LuBian’s BTC reserves vanished, forcing the pool to shut down by Feb 2021. Another $6M in BTC & USDT was also stolen from their Omni-layer wallets the next day. ⚙️Arkham suspects flaws in LuBian’s private key generation caused the breach. Only 11,886 BTC (~$1.35B today) survived. #Bitcoin #Crypto #BTC #LuBian #Web3News
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Morning News Update #Web3 1️⃣⚠️$3.5B BTC Hack Unveiled: Chinese mining pool LuBian lost 127,426 BTC (~$3.5B) in a massive 2020 hack, newly traced by Arkham Intelligence. 2️⃣📉BTC Mining Difficulty Peak: Bitcoin mining difficulty hits record highs at ~127.6T, expected to adjust down by 3% on Aug 9. 3️⃣💥$615M Crypto Liquidations: Markets witness extreme volatility; over 147k traders liquidated ($615M) primarily in BTC and ETH positions. 4️⃣🤖Zoro & MetYa Launch 'DatingFi': AI-powered SocialFi platform emerges, focusing on decentralized matchmaking and privacy-focused incentives. 5️⃣🎮Unite Layer-3 Gaming Chain Live: Mobile gaming-focused Unite chain debuts with a $75k airdrop campaign ($UNITE & $USDT) hosted by MEXC. #CryptoNews #BTC #ETH #Web3
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🇭🇰 Hong Kong May Limit First Round of Stablecoin Licenses to 3–4 Issuers According to sources, the HKMA, after communications with the PBOC, may narrow the scope of initial stablecoin licenses to just three to four entities. Under the regulatory MoU, Hong Kong bears primary supervisory risk. Several Chinese state-owned banks and brokers are actively exploring stablecoin issuance and custody in Hong Kong, including: BOC Hong Kong Bank of Communications (HK) CCB (Asia) CMB International Guotai Junan International Insiders note: “China has yet to build a globally influential public blockchain.” Another suggests: “A national backbone chain should be led by SOEs, while industry chains can be market-driven.” #HongKong #Stablecoin
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Stablecoin Market Value Sees Slight Increase Over Past Week
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Ethereum PoS Network Faces Significant Queue Dynamics
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