SKYAI's price dropped sharply by 36.2% with trading volume rising 70.85% to $43.16 million, reflecting intense selling pressure despite active market participation. Open Interest fell 36.65%, indicating traders rapidly closed leveraged positions, reducing speculative risk. Exchange inflows increased slightly, signaling potential selling but no large-scale distribution yet. Buyers defended the $0.168 support zone, preventing further immediate decline, though bearish technical indicators suggest risk of another drop if support fails. The token faces a delicate balance between recovery attempts and continued downward pressure.
Jim Rickards, a former CIA financial advisor, highlights that the current AI industry is consuming more capital and energy than the 1990s internet boom. With nearly $5 trillion expected to be spent on AI data centers in the U.S. alone, the AI buildou...
Chainlink's smart collateral technology has been selected for a trial by the Depository Trust & Clearing Corporation (DTCC), a key player in financial market infrastructure. This trial aims to explore the use of advanced blockchain-based collateral m...
El Salvador has purchased eight additional bitcoins, increasing its national reserves to 7,696.37 BTC. This acquisition continues the country's regular bitcoin accumulation strategy despite recent legal changes that no longer require businesses to ac...
Solana's trading volume soared over 3200% in Q2, reaching $67 billion, driven by diverse use cases like memecoins and staking. Despite this strong on-chain growth, Solana's price has lagged, and ETF flows show early signs of weakness with $5.8 millio...
Bitcoin is approaching a rare weekly death cross, a bearish technical pattern that has historically preceded significant price declines. This signal, which appears when a long-term moving average drops below a shorter-term one, suggests potential fur...
