Canaan Inc. has partnered with Luxor Technology Corporation to provide 
financing for bitcoin mining machines, beginning with a deal that enabled an 
unnamed U.S. institutional miner to acquire more than 5,000 Avalon A15 Pro 
rigs in August. Canaan Taps Luxor for Non-Dilutive Financing as Institutional 
Miner Buys 5,000+ Rigs Canaan disclosed on Monday that the […]

Luxor, Canaan Team up on Financing for 5,000+ Avalon A15 Pro Miners

The NFT sector has yet to recapture the enthusiasm of 2021-2022, forcing many 
NFT-centric companies like OpenSea to pivot to more in-demand crypto use 
cases.

OpenSea announces NFT reserve with CryptoPunk as first buy

As Ethereum (ETH) trades slightly above $4,300, some crypto analysts opine 
that the cryptocurrency’s current trend shows enough structural health. 
However, they also caution that a lack of funding rates across exchanges means 
low demand for ETH, which may limit its breakout momentum. Ethereum’s Latest 
Rally Shows Structural Strength According to a CryptoQuant Quicktake post by 
contributor ShayanMarkets, Ethereum&#8217;s funding rates across exchanges are 
relatively muted when compared to the digital asset’s last three major highs. 
Related Reading: Ethereum Eyes $5,500 Amid Illiquid Supply Crunch And ETF 
Momentum For instance, during the first major high in early 2024, ETH funding 
rates across crypto exchanges had surged to 0.8, suggesting excessive long 
positioning and speculative demand. Shortly, the price topped out as 
overheated leverage took its toll on the digital asset. During the second peak 
in late 2024 &#8211; as illustrated in the following chart &#8211; ETH reached similar 
price levels but this time with far lower funding rates. Although this hinted 
at a less speculative market, the lack of strong, sustained momentum 
eventually weighed down on ETH’s price. In contrast to the above two 
instances, ETH’s 2025 rally saw it create a new all-time high (ATH) of $4,900 
&#8211; despite relatively muted funding rates. This brings into focus one key 
divergence &#8211; ETH is hitting new highs even in the absence of aggressive long 
positioning that fueled earlier rallies. ShayanMarkets states there are two 
key implications of this new-found divergence. The analyst remarked: On one 
hand, the market appears more spot-driven and structurally healthier, as price 
is not being pushed by excessive leverage. On the other hand, the absence of 
aggressive demand also limits breakout momentum, leaving ETH in a slower- 
moving environment where new order flow will be essential for continuation. 
Concluding, the CryptoQuant contributor noted that ETH’s higher highs against 
declining funding rates show that the current market is more resilient against 
sudden liquidation cascades. However, it also requires a lot more conviction 
from buyers to sustain the next leg higher. Is ETH Headed For A Correction? 
Although ETH is currently trading just about 12% below its ATH, some analysts 
forecast that the second-largest cryptocurrency by market cap may be headed 
for a correction. Crypto analyst Ted Pillows predicted that ETH may drop all 
the way down to $3,900 before its next rally. Related Reading: Ethereum’s 
Latest Rally Fueled By Large-Scale Binance Orders, Analyst Says That said, 
there are several other data metrics that point toward a potential bullish 
rally for ETH. For instance, the ETH exchange supply ratio on major exchanges 
like Binance recently hit a low of 0.037, which may aid in the so-called 
“supply crunch” for the digital asset. In similar news, Ethereum exchange 
balance recently turned negative for the first time, suggesting that more 
tokens are being withdrawn from exchanges than deposited. At press time, ETH 
trades at $4,334, up 0.6% in the past 24 hours. Featured image from Unsplash, 
charts from CryptoQuant and TradingView.com

Ethereum Marches Upward Without Leverage Overheating – Sign Of Structural Health?

Ledger CTO Charles Guillemet warned Monday that a large-scale software supply 
chain attack is underway targeting NPM packages used across the JavaScript 
ecosystem globally. ‘Potentially All Chains’: Ledger CTO Cautions After NPM 
Developer Account Hacked Ledger‘s Guillemet said on X that a reputable 
developer’s NPM account was compromised and that affected packages have been 
downloaded […]

Ledger CTO Warns of Large-Scale NPM Supply Chain Attack; Urges Address Checks

CleanCore launches a Dogecoin treasury with a $68M purchase of 285M DOGE, 
aiming for 1B tokens in 30 days and 5% of supply.
The post CleanCore acquires 285M DOGE worth $68M, initiating its Dogecoin 
treasury strategy appeared first on Crypto Briefing.

Cryptocurrency price in TWD