Latest news with #Cosmos
Yahoo
a day ago
- Business
- Yahoo
ATOM Jumps 4% on Institutional Demand Before Late-Hour Reversal
ATOM surged 4% from $4.36 to $4.55 in the 24 hours to 15:00 UTC on Aug. 8, breaking through key resistance on exceptional 2.19 million-unit volume that far exceeded daily averages. The rally was fueled by heavy institutional buying of Cosmos ecosystem tokens, a move linked to Coinbase's launch of dYdX (COSMOSDYDX) support on its native network. Market analysts say the expansion strengthens the bridge between centralized and decentralized trading, reflecting rising institutional interest in interoperable blockchain infrastructure. Momentum, however, faded quickly in the final hour of trading. Between 14:39 and 15:38, ATOM whipsawed sharply, first spiking to $4.60 before sliding to $4.56, marking a 0.52% hourly loss. The selloff accelerated when the token broke below $4.58 support at 15:03, triggering concentrated selling of 26,000 units over a four-minute span. By the close, trading volume had evaporated to zero, signaling exhaustion and leaving the $4.58–$4.60 range as a new overhead resistance zone. The price action unfolded against a broader market backdrop where Bitcoin tested $116,000 resistance and institutional whales rotated capital into large-cap altcoins and utility tokens. Within the Cosmos ecosystem, ATOM's surge and abrupt reversal underscored both the strength of institutional demand and the fragility of short-term rallies. Traders now view $4.55 as critical support and are watching for whether renewed buying interest can overcome resistance and reestablish upward momentum. ATOM climbs from $4.36 to $4.55 for a 4% gain with $0.34 trading range between $4.32 lows and $4.67 highs. Key breakout occurs at 13:00 on 8 August when ATOM explodes through $4.55 resistance, spiking to $4.65 on massive 2.19 million unit volume. Trading volume crushes 24-hour average of 1.35 million, confirming high-volume resistance break. Strong support emerges at $4.46 where buyers step in repeatedly. The $4.55-$4.67 zone now acts as critical resistance after failed breakout attempt. Final 60 minutes from 8 August 14:39 to 15:38 see dramatic reversal, initially climbing from $4.58 to $4.60 session high. Heavy selling hits during 15:03-15:07 period when ATOM breaks $4.58 support. Trading dies in final minutes with zero volume at 15:38. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
3 days ago
- Business
- Yahoo
ATOM Rebounds Sharply After Sudden Drop, Fueled by Volume Surge and Ecosystem News
Cosmos' ATOM token staged a swift recovery during a volatile 23-hour stretch from August 5 at 15:00 UTC to August 6 at 14:00 UTC. After plunging from $4.236 to $4.133 in just one hour early August 6, ATOM rebounded to $4.235 by 05:00. The rally was backed by a surge in trading volume to 1,046,473 units—worth approximately $4.38 million—well above the 24-hour average of 708,926 units. Buyers defended key support at $4.149, with bullish momentum carrying into the session close. In the final hour, ATOM climbed from $4.178 to $4.206, a 0.67% rise, as volume spiked to 59,513 units—about $250,000 in value—at 14:02 UTC. The move confirmed a breakout above the $4.20 resistance level. Catalyzing the recovery was news that Coinbase added COSMOSDYDX to its listing roadmap, signaling growing institutional interest in the Cosmos SDK ecosystem. The listing, tied to the dYdX decentralized derivatives exchange, highlighted renewed confidence in Cosmos-based infrastructure projects. With macro sentiment improving and volume surging during key reversal periods, ATOM's price action suggests building momentum across the broader Cosmos ecosystem—even amid wider crypto market turbulence. Technical Indicators Breakdown ATOM swings wildly during 23-hour period from August 5 15:00 to August 6 14:00. Range hits $0.12, representing 3% between $4.24 maximum and $4.13 minimum. Token crashes from $4.24 to $4.13 during August 6 03:00-04:00. Recovery surges to $4.24 at 05:00. Volume explodes to 1,046,473 units, crushing 24-hour average of 708,926. High-volume support builds around $4.15. Final 60 minutes from August 6 13:08 to 14:07 show bullish momentum. Sustained uptrend drives price from $4.18 to $4.21, gaining 1%. Volume spikes hit 59,513 units at 14:02. Breakout confirms above $4.20 resistance established earlier. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Mark Cuban has two-word response to a popular crypto investment
Mark Cuban has two-word response to a popular crypto investment originally appeared on TheStreet. Billionaire investor and television personality Mark Cuban is backing a Layer-1 blockchain project he's long been bullish on. On Aug. 6, Cuban took to X (formerly Twitter) to celebrate the growth of the decentralized finance-focused network, posting, 'Leta Go !!! @injective,' in response to a Fortune feature on its co-founder and CEO, Eric Chen. The report traced Chen's journey from college dropout to blockchain founder. At just 19 years old, Chen left New York University — where he studied finance — to launch Injective, a move that would prove prescient. In the seven years since, the project has ballooned into a $1.3 billion ecosystem, focused on enabling permissionless financial applications across was founded in 2018 and is positioned as a Layer-1 chain that enables ultra-fast, zero-gas decentralized trading and finance. The network supports a wide range of applications including derivatives, spot trading, prediction markets, and lending — all with interoperability across Ethereum and Cosmos ecosystems. Cuban, who invested in the project through a $56 million funding round alongside heavyweights like Binance, Pantera Capital, and BitGo, previously cited Injective's transparency and decentralization as key reasons for backing it. Injective has over $32.33 million in total value locked (TVL), according to DeFiLlama. TVL, or Total Value Locked, measures the total amount of assets deposited into a DeFi protocol. It reflects how much user capital is being used for staking, lending, or trading within that system. A higher TVL often signals greater user trust and protocol activity. Injective excels at enabling decentralized trading with ultra-fast, low-fee transactions on its purpose-built Layer 1 blockchain. It supports advanced DeFi products like derivatives and prediction markets. Its interoperability with Ethereum and Cosmos gives developers and users broad access to assets and liquidity. At the time of writing, INJ — the network's native token — was trading at $13, down 8% in the last 24 hours. Mark Cuban has two-word response to a popular crypto investment first appeared on TheStreet on Aug 6, 2025 This story was originally reported by TheStreet on Aug 6, 2025, where it first appeared. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Why Cosmos Is Primed for Revival, According to Interchain Labs' co-CEO
Why Cosmos Is Primed for Revival, According to Interchain Labs' co-CEO originally appeared on TheStreet. For a blockchain ecosystem that's been around since 2017, Cosmos is no stranger to reinvention. But according to Interchain Labs' co-CEO Maghnus Mareneck, its next chapter isn't just about riding crypto's cycles aymore — it's about staking a claim at the center of them. 'Cosmos is a very old project,' Mareneck tells Coinage in a new interview. 'It was created… in 2017. Really, the ICO was sort of in that first bucket of assets… and it had a completely different vision from everything else in crypto.' Where Ethereum, Bitcoin, and Solana have long championed a 'mono-ecosystem thesis,' Cosmos instead embraced a modular vision for Web3 infrastructure — an 'internet of blockchains' that allows any project to spin up its own sovereign chain that can plug into others more seamlessly Seven years in, that vision appears to be gaining renewed relevance. 'We've seen over 150 blockchains be launched,' Mareneck explained, pointing to recent Cosmos-powered initiatives like Ondo, a major real-world asset issuer. At the center of that vision sits the Cosmos Hub, which Mareneck and his team are actively rebuilding into what he calls the 'index' of the broader Cosmos ecosystem. 'We like to say: make the hub a hub again,' he said. 'Build the right products and services… that make life easier for the internet of blockchains.' Key to that effort is Eureka, Cosmos' next-gen interoperability protocol that extends its IBC standard beyond its own ecosystem. 'We extended that interoperability product to allow for connections to things that are outside Cosmos — so Ethereum, for example, Solana, the different L2s, Bitcoin in the future, XRP, Cardano,' he said. The goal? 'To treat those other chains as though they're in our orbit.' As major institutions start to experiment more seriously with on-chain systems — like JPMorgan's push into its own deposit token — Cosmos believes it can offer the customizability and control these players crave. 'When you build in Cosmos, especially if you're an institution, you can start a very closed experiment on blockchain… controlling all the variables,' Mareneck said. That model — where a company like JPMorgan might gradually expand access from internal networks to global users — offers a compliance-first path to public blockchain adoption. Of course, many other blockchain projects, including Avalanche with their own Layer-1 thesis, are chasing the same thing. Notably, Cosmos' token, ATOM, hasn't returned to past highs, and the project's leadership was marred by infighting between early co-founders. But under Interchain Labs' stewardship, Mareneck says those issues are behind them. 'We massively restructured the leadership team… a lot of people were let go… a lot of new people were brought in,' he said. 'We've completely changed how we market Cosmos.' That includes a new focus on practical tools like bridges, oracles, and developer-friendly SDKs. That means setting sights on potential competing services being offered by Chainlink or LayerZero and executing better. Cosmos is also working on integrations with wallets like MetaMask and Phantom to improve accessibility. 'The internet should not feel like it's isolated internets,' Mareneck said. 'There shouldn't be an Ethereum ecosystem and a Solana ecosystem and a Cosmos ecosystem… these are all just chains… that can be connected.' Looking ahead, he sees a coming consolidation wave where usage will determine which chains survive. 'Most things are going to continue suffering… until they run out of steam and die,' Mareneck predicted. 'And a few things are going to gain massive levels of adoption.' Given the changes, he and the rest of those in the Cosmos ecosystem, believe a flurry of activity can set Cosmos and the ATOM token that powers it on a new path. 'I see the usage. And the usage is real,' he said. 'It's more real than anywhere else I've seen among developers. And I think that's going to carry us forward.' Why Cosmos Is Primed for Revival, According to Interchain Labs' co-CEO first appeared on TheStreet on Aug 5, 2025 This story was originally reported by TheStreet on Aug 5, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
RTÉ News
4 days ago
- Entertainment
- RTÉ News
Mission to MARS - Jennifer Walshe on her acclaimed space opera
Composer Jennifer Walshe introduces Irish National Opera's production of her opera MARS, composed by Jennifer with a libretto by Mark O'Connell, which runs at the Abbey Theatre this August following an acclaimed World Premiere at this year's Galway International Arts Festival. I recently read an interview with the astronaut Chris Hadfield where he noted that he has been as astronaut for over 20 years, but has spent only a precious six months in space. I'd like to think this opera has something in common with Hadfield's experience. A mere two hours long, it's nonetheless the result of years of thinking about Mars, a fascination which began for me as a child looking at photos of the red planet in a copy of Carl Sagan's Cosmos. Along the way my research led me to the sounds of NASA's Perseverance rover trundling over the regolith of Mars, recordings of whistlers, plasma waves and cosmic background radiation, sonifications of light curves of exoplanets millions of miles away. I spent weeks trying to figure out how to use musical instruments to simulate the sonic environment inside a spacesuit, how many balloons to tie to a double bass bow to simulate Martian gravity, which is 38% that of Earth's. I downloaded lists of the synth-heavy music astronauts uploaded to the International Space Station (a lot of Mike Oldfield and Vangelis), read mission transcripts from the Gemini and Apollo missions, discussed how a trumpet might degrade over time in a Martian habitat on the Space Exploration Stack Exchange. I held a Martian meteorite in my hands at the Oxford University Museum of Natural History, read countless sci-fi books, left livestreams of spacewalks playing on a screen in the corner of my studio as I worked. I considered a life where communication with loved ones back home can only ever be through text messages and voicemails. The fact that on the night of the opera's Dublin opening at the Abbey Theatre, a message leaving Earth will take 14 minutes and 54 seconds to reach Mars.
