TeleSwap Allegedly Hit by $735,000 Attack; ZachXBT Says Project Team Has Not Made Any Public Disclosure for Five Days.

Well-known trader Killa posted that Bitcoin has returned above the 0.8 level of the Mayer Multiple, after its price briefly dipped below that threshold earlier. He pointed out that in 2022, BTC also briefly fell below this level before reclaiming it. Killa stated that the real confirmation signal in 2022 came when Bitcoin reclaimed its 200-day moving average, following which the bull market began. Currently, BTC’s 200-day moving average is approximately $69,500. He believes that all that’s needed next is for Bitcoin to break back above and hold the 200-day moving average; once that happens, the market can be considered to have officially entered a bull market.

Tether CEO Paolo Ardoino has stated that Tether is not building any blockchain and has no related plans. The stablecoin issuer will remain chain-agnostic, supporting multiple blockchains as transmission networks for USDT. This comes after CoinMarketCap previously analyzed that stablecoin firms including Stripe, Circle, and Tether are each developing their own dedicated blockchains. Ardoino’s response denies the claim that Tether is building its own blockchain.

Tether CEO Paolo Ardoino stated that Tether has not developed its own blockchain and has no plans to do so. The firm will remain chain-neutral and support multiple blockchains as transmission networks for USDT. Earlier, CoinMarketCap analyzed that stablecoin companies including Stripe, Circle, and Tether were each building dedicated blockchains. Ardoino’s latest response denies claims that Tether is developing its own blockchain.

Crypto analyst Ali Charts published a post stating that based on Bitcoin’s four-year cycle, he predicts BTC will hit the bottom of this market cycle between October 6 and 16. He argues that before the final capitulation phase arrives, investors should implement a dollar-cost averaging (DCA) strategy within the $62,000 to $48,000 range to gradually accumulate Bitcoin. He judges the current bear market is nearing its end, adding that now is the time to start turning bullish.

According to South Korean media reports, Samsung Electronics and SK Hynix have recently rebounded, with their respective single-stock leveraged ETFs also surging sharply. However, investors who purchased near the June 25 high still face significant losses. As of August 14, Samsung Electronics was down 23.43% from its June 25 closing price, while SK Hynix fell 43.61% over the same period. Data shows that the seven Samsung Electronics single-stock leveraged ETFs have posted an average loss of 52.25% since June 25, and the seven SK Hynix leveraged ETFs have averaged a 76.51% loss. If investors had invested 1 million won each on that date, their holdings are now worth roughly 478,000 won and 235,000 won respectively. Based on current net asset values, the two types of ETFs would need to rise by approximately 109.4% and 325.7% respectively to break even. Since these leveraged ETFs track twice the daily return of their underlying assets, the required underlying asset gain to recover principal cannot be simply calculated as twice the ETF’s required increase, and repeated price fluctuations will also lead to volatility drag. Assuming the underlying assets rise by the same percentage every trading day for the next 20 sessions with no declines, Samsung Electronics would need to climb around 45.2% from current levels to 398,600 won, and SK Hynix would need to rise roughly 109.1% to 3,439,000 won, to erase the average losses of the related leveraged ETFs. Currently, the 12-month forward price-to-earnings (P/E) ratios of Samsung Electronics and SK Hynix have fallen to 4.5x and 3.7x respectively. Kim Dong-won, head of research at KB Securities, stated that storage demand is expected to strengthen further in the coming years, and he projects both companies could see a revaluation of their stock prices starting from the third quarter.

The Kobeissi Letter reported that retail investors collectively purchased approximately $27 billion worth of NVIDIA (NVDA) stock over the past year, ranking first among the "Magnificent Seven" U.S. tech giants. Since October 2025, retail buying of NVIDIA has surged more than fourfold. During the same period, Tesla (TSLA) ranked second with around $15 billion in retail purchases, while Microsoft (MSFT) saw roughly $9 billion in retail buying. By contrast, Apple (AAPL) recorded approximately $5 billion in retail selling over the past year, making it the only company among the "Magnificent Seven" to see net retail selling. For retail investors, NVIDIA remains the primary AI trading asset.