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Ondo crypto slides 24% as weak demand puts $0.30 support at risk

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Ondo crypto slides 24% as weak demand puts $0.30 support at risk


Ondo Finance [ONDO] token prices were down 5.44% over the past week. It was reported that a team-linked wallet sent 4.019 million tokens worth around $1.4 million to the centralized exchange Coinbase.

While the transfer does not confirm a sale, it does signal increased ONDO supply in the near-term, especially given the momentum of the past week.

Ondo crypto token prices were back at a key support zone after breaking out of a bullish triangle pattern and climbing to the $0.42 supply zone.

In other news, Ondo Finance announced in a blog post that they submitted a no-action request to the SEC. In a limited set of circumstances, the relevant securities entitlements would also be represented in tokenized form on the Ethereum Mainnet, and held by onchain custodian BitGo to facilitate recordkeeping.

The SEC has not publicly responded to the request.

Assessing the ONDO downturn from the triangle pattern breakout

In a report towards the end of July, AMBCrypto warned of a potential bearish turn in the Ondo crypto token price action. The cited reason was a lack of steady buying pressure.

Since then, ONDO has slid by close to 24% in value, from $0.427 to $0.325 at the time of writing.

Ondo 1-day Chart
Source: ONDO/USDT on TradingView

Since May, the trading volume has declined. The breakout from the triangle pattern was not accompanied by a surge in buying volume, resulting in the price drawdown.

Moreover, the 1-day timeframe’s swing structure remained bearish. Therefore, traders can maintain their long-term bearish expectations until Ondo crypto closes a daily trading session above the $0.47 swing high.

Short-term Ondo crypto price expectations

Ondo Liquidation MapOndo Liquidation Map
Source: CoinGlass

The cumulative long leverage below $0.322, down to $0.302, significantly outweighed the cumulative short leverage overhead. There was a cluster of high-leverage short liquidations around $0.342.

However, because of the higher long leverage, it appeared likely that ONDO would fall toward $0.30 before seeing any bounce.

This is what short-term traders can expect over the next few days. A price bounce thereafter would depend on incoming capital flows and an uptick in buying pressure.


Final Summary

  • Ondo tokens worth $1.4 million were sent to Coinbase recently, and the bullish breakout from the triangle pattern has lost its momentum.
  • The long-term swing structure was bearish, and the short-term price expectations involved a slide to the $0.30 area.

 



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AMD looks to raise $4 billion to $5 billion in debt offering, source says

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AMD looks to raise $4 billion to $5 billion in debt offering, source says


By Saeed Azhar and Rashika Singh

Aug 13 (Reuters) – Advanced Micro Devices on Thursday launched a four-part debt offering that could raise between $4 billion ‌and $5 billion, according to a source and terms reviewed by Reuters, ‌as the chipmaker seeks funding flexibility amid a broader wave of tech-sector fundraising driven by investments ​in AI.

The offering includes senior unsecured notes due in 2029, 2031, 2033 and 2036.

Initial price discussions were set at about 70 basis points over U.S. Treasuries for the 3-year notes, 90 basis points for the 5-year tranche, 100 basis points for ‌the 7-year notes and 115 ⁠basis points for the 10-year debt.

The company said it intends to use the proceeds for general corporate purposes, which may ⁠include the repayment of debt.

“AMD is committed to maintaining its strong financial balance sheet and we have strong investment grade ratings. We intend to leverage net proceeds from ​the offering ​for general corporate purposes,” an AMD spokesperson ​said.

The offering underscores how semiconductor ‌companies are increasingly turning to capital markets as they race to fund AI-related investments, data-center expansion and manufacturing projects.

Earlier this week, Intel raised $20 billion in an upsized stock offering to help finance its contract chipmaking ambitions.

AMD also filed with the U.S. Securities and Exchange Commission earlier on Thursday in connection with the offering, though ‌the filing did not disclose specific terms ​of the deal.

The debt sale comes as AMD ​continues to expand its AI and ​data-center businesses, where it competes with larger rival Nvidia and challenges ‌Intel across multiple processor markets.

Bank of ​America, JPMorgan, Barclays and ​Wells Fargo are leading the debt sale, according to the term sheet. The bonds are expected to settle on August 17.

Earlier this month, AMD ​forecast third-quarter revenue above ‌Wall Street estimates and said data-center sales would more than double ​by 2027, underscoring strong demand for its AI-focused chips.

(Reporting by Rashika ​Singh in Bengaluru; Editing by Shreya Biswas)



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Trump-backed World Liberty wins conditional bank charter from federal regulator

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Trump bitcoin news: Trump Media (DJT) BTC holdings shrink as crypto losses hit $361 million

A federal bank regulator has granted World Liberty Trust Co. a conditional bank charter, it announced Friday.

The Office of the Comptroller of the Currency, the U.S. banking agency that grants federal charters, said in a letter posted to its website that World Liberty could operate fiduciary and other trust company-related activities as a national trust bank.

“This preliminary conditional approval is granted based on a thorough evaluation of all information available to the OCC, including the representations and commitments made in the application and by the Bank’s representatives,” the letter said.

Final approval won’t be granted until the company meets additional “preopening requirements,” the letter said.

According to the letter, World Liberty Trust Company will focus on services tied to World Liberty Financial’s USD1 stablecoin.

“The bank plans to issue USD1, a fiat currency-backed stablecoin, to institutional clients on a nationwide basis, assuming this role from BitGo Bank & Trust, National Association (BitGo), the current exclusive issuer and custodian for USD1,” the letter said. “The bank plans to provide its digital asset custody services as a fiduciary, primarily to USD1 customers and other institutional clients.”



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Bitcoin whales add 54,000 BTC, but price remains trapped below $65K

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Bitcoin whales add 54,000 BTC, but price remains trapped below $65K


On Friday, August 14, Bitcoin [BTC] briefly fell below the $63k mark, falling as low as $62,535. Incidentally, earlier in August, the same $62.5k area set up a Bitcoin price rebound up to $65.5k.

The BTC average production cost, or mining cost, stood at $76.5k. Despite a 17% drawdown from this price level, miners remained resilient.

Weak selling pressure from miners highlighted this point, and Bitcoin miner stocks have outperformed the leading crypto so far in 2026.

The latest rejection from the $65k supply zone underlined weakness from the bulls. However, there is whale accumulation behind the scenes. Here are some recovery signals to watch out for.

“June whale signal intact” but market recovery might need more activity onchain

Bitcoin Whale Buying
Source: CryptoQuant

Crypto analyst Woominkyu used onchain data of BTC held by various wallet cohorts to understand what each of them was doing. Wallets holding 100 Bitcoin or more, which can be classified as whale wallets, have added 54,000 Bitcoin to their holdings since June 14.

Meanwhile, shark and retail wallets have been selling their holdings. Though whales were buying, the BTC price was stuck below the $65k supply zone.

Bitcoin UTXOs in ProfitBitcoin UTXOs in Profit
Source: Axel Adler Jr.

The metric above shows the share of UTXOs whose current market price is above the price at which they last moved, or are in profit. The 30-day average is at 53.7%, compared to the yearly average of 74.6%.

Crypto analyst Axel Adler Jr. used this metric to demonstrate that there was continued stress among holders.

The only bright point is that the pace of deterioration in the 30-day average has slowed, evidenced by the slight bounce from 48% to 53.7% in recent days.

Bitcoin Total Transfer VolumeBitcoin Total Transfer Volume
Source: Axel Adler Jr.

The 30-day moving average of the total Bitcoin transferred across the network saw a 23% boost from its April low at 627.7k BTC to 769.1k BTC now. The 30DMA is also above the 365-day moving average.

Sustained recovery in the total transfer volume would be a good sign of an uptick in activity. It is unclear, based on just this metric, if the moved BTC is being accumulated or distributed, if they are moved at a profit or at a loss.

Improvement in UTXOs in profit and increased coin movement would signal more robust onchain conditions, which could help signal a potential market recovery.


Final Summary

  • The Bitcoin price action has been stuck below the $65k supply zone in recent weeks, though whale wallets purchased 54,000 more BTC since mid-June.
  • Onchain activity is recovering faster than the share of coins in profit. A rise in the share of coins in profit, alongside higher Bitcoin transfer volume, would be a positive sign.

 



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Car insurance premiums are climbing again in more than half the U.S.

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Car insurance premiums are climbing again in more than half the U.S.


A new midyear report from Insurify, an online insurance comparison platform, projects that auto insurance premiums will increase in 32 states by the end of 2026. Rates have already risen in 27 states during the first half of the year, reversing last year’s national trend, when average premiums fell 6%. 

The size of the increases varies widely by state. However, the report suggests that rising repair costs, more severe weather, and higher claim expenses continue to put pressure on insurers — and ultimately on policyholders.

Insurify’s data suggests that last year’s premium declines may have been short-lived.

“After rates fell in 2025, 2026 looks to be a year of normalization,” Matt Brannon, Insurify’s senior economic analyst and a licensed insurance agent, said in a press release. “Inflation, more expensive vehicle technology, and rising claims costs are often the types of factors underlying rate increases.”

One of the biggest drivers is the rising cost of repairing today’s vehicles. According to data from Insurify and the Bureau of Labor Statistics, auto maintenance and repair costs have climbed 45% over the past five years. Modern vehicles increasingly rely on cameras, sensors, and advanced driver-assistance systems that can make even relatively minor collisions more expensive to repair.

Weather is also playing a growing role. Kentucky, for example, has experienced a sharp increase in hail events over the past several years, contributing to more comprehensive insurance claims and higher premiums.

Read more: How inflation affects car insurance

Even with recent declines, several states continue to have some of the nation’s highest average premiums for full coverage.

Source: Insurify. Average annual premium as of June 2026. 

New York posted one of the largest year-over-year declines in the country, falling 13% since June 2025. That translated into average annual savings of roughly $431 per driver, according to Insurify. Even so, New York remains one of the country’s 10 most expensive states for car insurance.

Perhaps the most surprising finding isn’t that rates are increasing, but where those increases are happening.

Several historically lower-cost states are seeing some of the largest jumps. Insurify estimates car insurance rates will jump the most in these states:

Meanwhile, several traditionally expensive markets moved in the opposite direction during the first half of the year and are expected to decrease overall in 2026. 

The regional differences highlight how localized auto insurance has become. Repair costs, weather risks, state regulations, litigation trends, and claim frequency vary from state to state, so drivers in neighboring states can experience very different pricing trends.

Read more: Best car insurance companies of 2026

Auto insurance has become one of many recurring household expenses that have climbed in recent years.

Although last year’s premium declines offered some relief, many drivers are still paying hundreds of dollars more than they were just a few years ago. Another round of increases could put additional pressure on household budgets, particularly in states where insurance costs are already well above the national average.

The issue may even carry political implications. According to Insurify, 29% of drivers said auto insurance costs will influence how they vote, while more than half believe elections affect insurance prices.

Even if premiums continue rising nationally, drivers aren’t necessarily stuck paying the first renewal price they receive. There are still moves that may help drivers save.

  • Shopping around for auto insurance remains one of the most effective ways to lower costs, since insurers assess risk differently and may offer widely varying quotes for the same driver. In fact, comparing car insurance rates at renewal time may become less of an occasional money-saving tactic and more of a regular part of managing insurance costs in an increasingly expensive market.

  • Raising deductibles is another way to save. It lowers car insurance premiums because the higher the deductible, the less the insurance company has to pay when a claim is filed.

  • Trying telematics for a discounted rate cuts down on costs. Most insurance companies now offer discounts through usage-based insurance. Drivers download an app or install a plug-in device that monitors mileage, driving habits, speed, and more.

  • Bundling home and auto coverage with the same insurance company often provides significant savings. 

  • Maintaining a clean driving record lowers rates, but a careless at-fault accident or speeding ticket can lead to a rate increase. 

  • Taking advantage of available discounts can also help offset premium increases. Ask about student discounts, senior discounts, military and veteran discounts, and any discounts for safe driving, taking a defensive driving course, or enrolling in traffic school.



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Trump family ‘s World Liberty Financial (WLFI) delay plans to sell Maldives resort token

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Trump-backed American Bitcoin (ABTC) executive Matt Prusak joins Giga Energy

World Liberty Financial, the cryptocurrency project backed by the Trump family, delayed plans to sell a token related to a resort in the Maldives, Bloomberg reported on Friday.

The token was planned to go on sale next year, giving investors a share of revenue from loans financing the Trump-branded resort, but this has been pushed back due to the Iran war disrupting travel in the region, according to the report, citing people familiar with the matter.

World Liberty Financial tapped real-world asset (RWAs) platform Securitize in February to help represent loan interests tied to the resort’s development as a digital token that could be traded onchain.

It is unclear when the token will now be listed.

The venture is part World Liberty Financial’s plans in tokenization, the representation of RWAs on blockchains in token form. WLFI is exploring this concept not just in real estate, but in commodities like oil and gas.

A World Liberty Financial spokesperson declined to comment, according to Bloomberg’s report. The company did not immediately respond when contacted by CoinDesk for additional comment.

The protocol’s native token WLFI rose by 2.7% on the news before giving back all of the gains and returning to parity. It is now down by 88.5% from its record high in September, 2025.



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People are going to lengths to stop themselves from being filmed through Meta’s ‘pervert glasses’

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People are going to lengths to stop themselves from being filmed through Meta’s ‘pervert glasses’

There’s an ongoing arms race to protect identities and privacy in the age of facial recognition, biometric scanning and data collection. Now, some of those concerns are coming from the influx of wearables, namely, smart glasses, and how to go about protecting oneself from being filmed in public. Some joke about singing Disney songs, others use software, and some have even resorted to physical tricks. 

And the concern is warranted: Meta’s Ray-Ban Meta Glasses, for example, have been coined “pervert glasses” for recording people undressing, and the company is even being sued after a study revealed Meta’s subcontractors are viewing your most intimate moments. This is all culminating into a real privacy concern as not only is your right to privacy (or lack thereof) in the public realm coming into question, but so is how to stop what you do in public from getting stored on a company’s servers. 

“We are living in weird times,” Jim Waldo, a professor of computer science who teaches several technological privacy courses at Harvard, told Fortune. “The technology is changing. It’s the combination of the Meta Glasses with facial recognition, AI, and a number of other sorts of technologies that are all coming together and putting us in an environment that we just aren’t prepared to deal with yet.”

The privacy concerns are real—from the suit to data collection, and even the social media content made with the tech has left people chalking up Meta Glasses as a form of surveillance. Even Meta’s Instagram has had to act: the platform disabled several accounts thanks to violations of content usage after those accounts amassed millions of followers by streaming live feeds from Meta glasses.

“We don’t want harassing content on our platforms and take it down when we find it,” a spokesperson for Instagram told Fortune.

A new era of wearable technology

Gone are the days of “dumb” smart wear. No longer are wearables contained to just your fitness trackers or your sleep monitors, they now have cameras with AI built in them. Most prominently in this space are Meta’s Ray-Ban Meta Glasses, which have cameras built directly into the frames, allowing users to take photos and videos without pulling out a phone. The glasses also have microphones that capture audio, and Meta has enabled livestreaming directly from the glasses to Facebook and Instagram.

There’s a way to tell if you’re being recorded: the glasses use a white capture LED on the front of the frames that blinks when content is being captured. Meta says the LED cannot be switched off and that the camera is disabled if the LED is covered or blocked.

“We will keep strengthening our protections as our glasses become even more capable,” Meta spokesperson Dina El-Kassaby told Fortune.

But experts are still concerned about the privacy implications of wearable technology. “They’re making it safe for the consumer,” Waldo said. “They’re not making it safe for the people around the consumer.”

There are also legal implications for the use of these smart glasses in public. Gene Kang, partner at law firm Rivkin Radler LLP, told Fortune the technology itself is not necessarily the problem, but that people don’t know they could be filmed.

“If you’re holding up your phone to somebody’s face, they’re going to know,” Kang said. In that situation, he explained, there could potentially be an argument for implied consent if the person knows they’re being recorded and does nothing to object. With the inconspicuous glasses, however, that assumption becomes much harder to make—meaning privacy and consent laws can potentially be invoked.

“If they’re not aware that they’re being recorded, then I think that presents a different issue,” he added. “I think they would potentially have a claim there.”

Discreet recordings, “Pick-up artistry” and data sensitivity

According to a study done by University of Sydney researchers, “pick-up artistry” content has picked up in recent years. This type of content, spread around social media and mainly perpetrated by individuals in the “pick-up artist” community, attracts viewers who wish to watch point-of-view reels of women being approached in public.

The study found 60% of over 350 videos analyzed involved behavior classified as potentially harassing. In 43% of the videos, women were subjected to derogatory commentary, and other subjects were identified or doxxed. The study focuses on what the researchers defined as “ambient capture”—recording people in their everyday surroundings without them realizing that a camera was pointed at them.

The researchers found a relationship between the apparent covertness of the recording devices and the severity of the harassment. “We should all be very concerned,” Dr. Milica Stilinovic, one of the study’s authors, told Fortune.

Fighting back

The harmful content perpetrated online echoed concerns among consumers, leading them to find avenues to protect themselves. People have started to use face markings to confuse the facial recognition system within the glasses, and a theory has circulated online to sing copyrighted songs when under suspicion of being recorded.

Some individuals have even developed software to help notify users for potential smart glass intrusion. Professor. Dr. Yves Jeanrenaud built an open-source, free software app Nearby Glasses, allowing users—as the name suggests—to be notified when Meta Glasses are nearby. According to its open-source repository, Jeanrenaud developed the app in response to “an intolerable intrusion, consent neglecting, horrible piece of tech that is already used for making various and tons of equally truely disgusting ‘content’.”

According to the Google Play store, the app has amassed over 100,000 downloads to date.

And while the app was made to help users stay aware of potential discreet filming, Professor Jeanrenaud included a disclaimer on the use of his technology.

“It’s still an imperfect approach and probably always will be,” he wrote. “It’s not all good only because this app exists now. We need better solutions to curb surveillance tech and privacy intrusion.”

Not all of the methods are feasible, however. A recent social media theory has circulated citing Disney songs can protect you from being filmed. The idea is that Disney’s notorious copyright strikes would be enough to get any unsolicited videos taken down across social media. But according to Kang, hiding behind copyright isn’t an effective way to protect yourself from discreet filming. 

“If you’re the person being recorded, you don’t own any copyright to the composition,” he explained. However, while he did add that copyright may not be an effective claim, he also said individuals who want to protect themselves should look into privacy claims instead.

“It’s really a privacy issue,” he said. “Which still could be applicable here.”





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