Crypto venture capital funding surges to $633M in August rebound

Crypto VC funding rose 15% from July, with growing investor interest in blockchain infrastructure development.

View Details

Ex-OpenAI chief scientist raises $1B for startup with only 10 employees

Safe Superintelligence reportedly raised the funds at a valuation of $5 billion.

View Details

Runway Introduces $5M Fund to Support AI-Augmented Film Projects

Runway launches The Hundred Film Fund to support AI-augmented film projects with up to $5M in funding, potentially growing to $10M. (Read More)

View Details

Bitcoin Core dev receives grant for maintaining BIP repository

Developer Jon Atack believes that Bitcoin plays a role in human freedom, decentralization of power, privacy and self-sovereignty. 

View Details

Celestia Foundation Secures $100M to Advance Modular Blockchain Technology

Celestia Foundation raises $100 million led by Bain Capital Crypto, aiming to scale modular blockchain technology. The funding will boost its rollup ecosystem and data throughput. (Read More)

View Details

Filament Raises $1.1 Million in Seed Funding to Enhance Derivatives DEX on Sei Network

Filament, Sei Network's native derivatives DEX, secures $1.1 million in seed funding led by Lingfeng Innovation Fund to enhance its trading platform. (Read More)

View Details

Which Altcoins Could Skyrocket Next? Analytics Firm Points To These

The on-chain analytics firm Santiment has pointed out how these three altcoins may be more likely to see price jumps in the coming future. These Altcoins Are Being Heavily Shorted On Binance Right Now In a new post on X, Santiment has discussed about some altcoins that could be worth keeping an eye on because [...]

The post Which Altcoins Could Skyrocket Next? Analytics Firm Points To These appeared first on Crypto Breaking News.

View Details

OpenAI fundraising could push valuation to $150B

As fundraising unfolds, OpenAIs valuation is expected to reach $150 billion. Several tech giants, including Apple and Nvidia, are reportedly backing the round. 

View Details

Bitcoin Surges Above $57,000, But Investors Still Shorting: Fuel For More Rise?

Data shows derivatives exchange users are still shorting Bitcoin after the recovery that the cryptocurrency has enjoyed beyond the $57,000 mark. Bitcoin Funding Rate Is Still Negative On Major Exchanges According to data from the analytics firm Santiment, investors have been shorting BTC for the last few days. The indicator of interest here is the [...]

The post Bitcoin Surges Above $57,000, But Investors Still Shorting: Fuel For More Rise? appeared first on Crypto Breaking News.

View Details

Solana (SOL) Surges Past $130 Resistance As Funding Rate Signals Bullish Momentum

The crypto market experienced a notable surge yesterday, with Solana (SOL) breaking past the crucial 4-hour resistance at $130. This breakout has caught the attention of investors, who now anticipate a potential price surge in the coming months as market sentiment remains optimistic. Related Reading: Solana (SOL) 180-Day Consolidation Set to Break: Massive Rally Just Around the Corner? Many analysts are forecasting further gains, pointing to Solanas recent performance as a key indicator of its strength. Investors are particularly focused on SOL’s ability to maintain its momentum, with growing demand and increased interest fueling bullish predictions for the altcoin. In addition to market enthusiasm, Coinglass’s on-chain metrics reveal a positive outlook for Solana. These metrics reinforce the bullish momentum, suggesting a potential Solana rally. As more investors look to capitalize on these trends, Solana’s performance could soon play a crucial role in determining the overall market direction for altcoins. Solana On-Chain Metrics Suggest Strength   Solana is currently testing local supply and attempting to break past a crucial daily resistance level at $137l, as on-chain metrics from Coinglass reveal a strong bullish sentiment among traders and investors.  One key metric highlighting this bullish sentiment is Solana’s Open Interest (OI)-Weighted Funding Rate, which currently stands at +0.0068%. When the funding rate is positive, traders holding long positions pay funding fees to those with short positions, which typically indicates expectations for rising prices. This suggests bullish momentum is building, with traders anticipating a short-term rally in Solanas price. The growing interest from long positions further supports the thesis that Solana may be gearing up for a price surge. Bulls dominate the asset, and the data indicates a strong possibility that SOL could break out of its current trading range if the market conditions remain favorable. However, for this bullish outlook to hold, Solana must break through its current resistance level at $138 and close a daily candle above this key point. If the price breaks and holds above $138, it could signal a potential move toward higher price targets in the coming weeks. Related Reading: Avalanche (AVAX) Ready To Target $28: Investors Expect A Reversal As the market evolves, traders will closely watch Solanas price action and market structure to gauge whether a significant rally is imminent. In the meantime, Solana continues to show promise, with bullish indicators supporting a positive short-term outlook for the asset. SOL Price Action Solana (SOL) is currently trading at $135, just 4.5% away from a crucial technical indicator: the 4-hour 200 exponential moving average (EMA), which sits at $141.14. This level is a key marker of strength for SOL, and reclaiming it would signal that the bulls are gaining momentum. If SOL successfully breaks through the $135 resistance level and reclaims the 4-hour 200 EMA, it could trigger a significant upward move toward the $160 supply zone. This would mark a major recovery for the asset, potentially attracting more buyers and pushing the price higher. Related Reading: Cardano (ADA) Rally Brewing? On-Chain Metrics Suggest Investors Optimism However, if Solana fails to break past the $135 resistance, a retracement to lower demand levels is likely. $126 is the buyers’ next potential support level to step in and prevent a price drop. As SOL continues to test these key levels, traders are watching closely to see whether the bulls can maintain control or if a correction is on the horizon. Featured image from Dall-E, chart from TradingView

View Details

Step-by-Step Guide to Funding Your Immutable (IMX) Passport

Learn how to fund your Immutable (IMX) Passport for purchasing in-game assets on Immutable X and zkEVM chains with this detailed guide. (Read More)

View Details

Bitcoin Funding Rates Turn Negative: Shorts Turn To Get Squeezed?

Data shows the Bitcoin funding rates on exchanges have turned negative, a sign that the shorts have now become the dominant force in the market. Bitcoin Funding Rates Have Turned Negative After Market Crash As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin funding rates have seen a sharp decline recently. The “funding rate” refers to a metric that keeps track of the periodic fee that derivatives contract holders are currently exchanging with each other. When the value of this indicator is positive, it means the long investors are paying a premium to the short ones in order to hold onto their positions. Such a trend implies a bullish sentiment is shared by the majority in the sector. Related Reading: Chainlink (LINK) Recovers 20% As Network Lights Up With Activity On the other hand, the metric being negative implies a bearish mentality could be the dominant one in the market as the short holders outweigh the longs. Now, here is a chart that shows the trend in this Bitcoin indicator for all exchanges over the past few months: As displayed in the above graph, the Bitcoin funding rate had been positive throughout the year 2024, save for a couple of small dips into the negative region, until this latest crash, which finally took the indicator to notable red values. The earlier positive values were naturally due to the fact that the market had a bullish atmosphere to it, so the average investor was trying to bet on the price to rise. From the graph, it’s visible that this positive sentiment was the strongest during the rally to the all-time high (ATH) price fueled by the spot exchange-traded fund (ETF) demand. During the consolidation period that had followed this rally, BTC had seen a couple of notable drawdowns, but they weren’t enough to shake off the bullish mood. The recent sharp crash, though, appears to have finally caused investors to have a bearish outlook on the cryptocurrency. The Bitcoin crash had resulted in a huge amount of long liquidations in the market, triggering what’s known as a squeeze. In a squeeze event, a sharp swing in the price causes mass liquidations, which in turn fuels the price move further. This then unleashes a cascade of more liquidations. Since the latest such event involved the longs, it would be called a long squeeze. In general, an event of this kind is more likely to affect the side of the derivatives market that is more dominant. As this power balance has shifted towards the shorts now, it’s possible that the market could instead see a short squeeze in the near future. Related Reading: Is Bitcoin In A Bear Market Now? Heres What On-Chain Data Suggests Naturally, it’s not necessary that a short squeeze should take place, but if the price ends up witnessing some volatility, it’s possible it may end up punishing the short-heavy market. BTC Price Bitcoin has been steadily making recovery from the crash as its price has now climbed back to $57,500. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

View Details

Arkham Labels $500 Million in VC Funding Across 24 Projects

Arkham Intelligence has identified and labeled $500 million in VC funding from 24 different projects, now available on their platform. (Read More)

View Details

Arizona primary involving crypto Super PACs $1.3M is a squeaker

The primary between two Democrats in Arizonas 3rd Congressional District will likely go to a recount, with money from crypto interests involved in the race.

View Details

OpenAI to expand capped for-profit status to woo whale investors report

The change comes amid reports the firm plans to hold an investment round at a valuation of more than $100 billion. 

View Details

Ethereum Will Remain Bearish Until This Key Trading Reading Changes

Ethereum is steady at press time, as is visible in the daily chart. Even though prices are floating above $2,500, ETH bulls are still weak. The coin remains inside the bear bar of August 27, technically inside a bear formation. From price action, it would take effort for bulls to take charge in the short term. A convincing high volume close above $3,500 would signal a rapid trend shift beneficial for holders. Will Ethereum Bears Press On? Traders Monitoring This Reading Before then, one analyst thinks the short to medium term projection for the second most valuable coin is bearish. In an analysis, citing CryptoQuant data, the analyst said over the last few months, the funding rate in Ethereum perpetuals across exchanges like Binance and OKX has been positive but falling. Related Reading: Chainlink (LINK) Could Drop To $8 If It Loses Current Support: On-Chain Data Reveals Through perpetual platforms, Ethereum traders can place positions using leverage, essentially borrowing from the exchange. The more leverage they have, the more they have to borrow, narrowing their safety margin and increasing the risk of liquidation. Depending on the prevailing price action, the funding rate in these perpetual markets can be positive or negative. Whenever the funding rate is positive, the outlook among leveraged traders is bullish. In this case, they expect prices to rise higher. For equilibrium, traders posting long positions have to pay those who are selling. Conversely, a negative funding rate means the prevailing sentiment is bearish, and the markets could fall further. In this event, short sellers must pay those posting buys. Looking at the price trend over the past few months, the analyst notes that the funding rate for Ethereum perpetuals has been consistently falling, though still in the positive territory. This state of affairs means that, though ETH has been wavy, moving even to $3,900 in May, the dominant sentiment is bearish. Eyes On Spot ETF Net Inflows For Growth Therefore, for the trend to change, there must be a sharp spike in buying interest. In turn, this will also help lift prices and funding rate across these perpetual platforms. Related Reading: Dogwifhat On The Edge: Can WIF Hold Above $1.47 As Bears Close In? Rising funding rates will signal a shift in trend, helping spur demand. One of the many factors that may drive prices is inflows to spot Ethereum ETFs in the United States. According to Soso Value, all spot Ethereum ETF issuers in the country recorded net inflows of over $5.8 million. Still, this reading is way lower than what was seen in late July. Feature image from DALLE, chart from TradingView

View Details

Filecoin (FIL) Launches FIL-RetroPGF-2 to Enhance Public Goods Funding

Filecoin (FIL) introduces FIL-RetroPGF-2 with increased funding, streamlined processes, and enhanced UX to support public goods projects. (Read More)

View Details

PIP Labs secures $80M for Story Protocol, valuation hits $2.25B

Story Protocols Series B was co-led by a16z Crypto and Polychain Capital. The funds were targeted at developing its L1 blockchain, designed for IP tokenization.

View Details

How Vitalik Buterins pluralistic vision could reshape blockchain governance

While Buterin believes pluralistic philosophy can enhance existing systems, he acknowledges that it cannot replace them.

View Details

Arizona crypto PAC-backed candidate ekes out narrow victory after recount

Democratic candidate Yassamin Ansari, supported by more than $1 million in crypto super PAC funds, claimed victory in an Arizona congressional primary.

View Details