Latest news with #FrontRunners
Yahoo
23-07-2025
- Business
- Yahoo
ETH to $4,000? Analysts Weigh Whale Purchases Against Correction Risks
Ether's multi-week climb toward the $4,000 level has faced resistance, with the token falling more than 3% to around $3,696. While bulls remain confident the uptrend is intact, recent price action has exposed some technical fragility — just as institutional buyers continue ramping up accumulation. The latest ETH pullback follows two strong weeks of gains and comes amid growing discussion among analysts about whether the rally can continue without a broader correction. Technical indicators are beginning to flash red. One X-based crypto analytics account, Front Runners, said ETH has now outperformed bitcoin for 14 consecutive days, calling the trend 'unsustainable without consolidation.' They also flagged that 'RSI is overheated' and suggested sentiment had turned euphoric. Michaël van de Poppe echoed that caution, noting ETH had dropped to around $3,650 and warning of a potentially 'violent correction.' "Andrew Crypto" offered a similar view, arguing that while ETH has shown 'insane strength,' a correction is both healthy and likely following a rejection at a key resistance level. Still, some analysts remain firmly bullish. Back on July 8, "Crypto Rand" predicted that 'ETH to $4,000 is programmed. Sooner than later,' reflecting early confidence in the rally's momentum. On-chain data may lend support to this outlook. According to CryptoQuant figures cited by Crypto Rover earlier today, whale buying activity has reached record highs. That trend is underscored by the latest corporate buying figures from SharpLink Gaming (SBET), one of the largest ETH-holding public companies. In a press release issued today, SharpLink said it had purchased 79,949 ETH in the week ended July 20, the highest weekly tally since launching its treasury strategy in June. The firm now holds 360,807 ETH and said it has over $96 million in undeployed capital ready to buy more. ETH's price has been largely resilient in the face of macro uncertainty, helped in part by growing conviction among retail and institutional investors. However, analysts say the next leg higher may require a reset, as "Andrew Crypto" noted: 'A chart without a correction isn't a healthy chart." According to CoinDesk Data, ether is trading at $3,696 at the time of writing, down 3.44% in the past 24 hours. Technical Analysis Highlights ETH fell 6.11% over the 24-hour period from July 21 at 15:00 UTC to July 22 at 14:00 UTC, tumbling from a session high of $3,851.59 to a low of $3,623.60 — a $228.15 intraday range, according to CoinDesk Research's technical analysis data. Bearish momentum intensified early on July 22, with ETH plunging from $3,731.37 to $3,656.39 by 04:00 UTC. Trading volume surged to 353,275 units, well above the 24-hour average of 265,473. Resistance strengthened around the $3,730–$3,740 zone. A brief recovery lifted ETH to $3,698.04 by 10:00 UTC before renewed selling pressure capped gains. Volume spiked again to 438,487 units at 13:00 UTC, reinforcing bearish sentiment. ETH closed the session near its low at $3,647.45, suggesting continued downside risk heading into the next trading cycle. In the final hour of the session (13:09–14:08 UTC on July 22), ETH plunged $46.31 from $3,697.08 to $3,650.77, marking a 1.25% drop. The decline accelerated after 13:30 UTC, with a dramatic surge in volume to 24,478 units at 13:32 — nearly 10x the early-hour pace. Key support levels at $3,690, $3,670, and $3,650 were all decisively breached. ETH lost more than $50 between 13:30 and 13:55 UTC alone, as high-volume liquidations exceeded 20,000 units per minute. Attempts at recovery failed in the closing minutes, with ETH setting fresh intraday lows and confirming a broader bearish trend. 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
Daily Mail
22-07-2025
- Climate
- Daily Mail
Aussie cricket stars warn climate change could KILL the sport
A new report has revealed global climate conditions could end cricket as a sport, with players at risk due to extreme heat - and some Aussie stars are taking the warning to heart. The Hit for Six: The Danger Zone report, commissioned by FrontRunners, The British Association for Sustainability in Sport, Climate Central and The Next Test, highlights how players - from grassroots to international cricket stars - are potentially gambling with their lives by competing in conditions exceeding 37 degrees. The report revealed that in 2024 alone, Pakistan saw at least 83 days where cricket was played as the mercury soared past 37 degrees, which is the threshold beyond which outdoor activity becomes unsafe. India saw dangerous game-day temperatures on 52 days, while in Australia the figure was 46 days. The effects of increased temperatures include nausea, fatigue, breathlessness and cramps. In this year's Indian Premier League (IPL) - which features the likes of Aussies Pat Cummins and Josh Hazelwood - more than half of the 65 matches were played in conditions classified as either Extreme Caution or Danger on the Heat Index, a measure which combines air temperature and humidity to assess heat-related risk. The Hit for Six: The Danger Zone report also revealed many IPL games this year were played in dangerous conditions, with air pollution also a concern (pictured left, Aussie paceman Josh Hazlewood playing for Royal Challengers) 'We are witnessing a clear trend towards more frequent and more intense heat conditions for key cricketing nations,' Dr Mike Tipton, Professor of Human & Applied Physiology at the Extreme Environments Laboratory at the University of Portsmouth, outlined in the report. 'Players are now being asked to perform in environments that are not just uncomfortable, but potentially dangerous, with rising temperatures and humidity levels pushing human physiology toward its upper limits. 'This isn't just about performance — it's increasingly a question of player safety.' Air pollution is also a major factor in India, with research conducted by The Next Test revealing none of the 75 IPL matches this year had 'good' air quality. Australian all-rounder Ashton Turner has seen enough and called for change. 'I've seen the impact our changing climate can have on our game, from the debilitating air pollution in Delhi to the extreme temperatures we experience in our Australian summers,' he told the ABC. 'Ever-increasing temperatures are putting the game at risk and it's affecting everyone from players to coaches to umpires to spectators. 'We've seen elite athletes at the pinnacle of the sport be struck down from heat exhaustion, [so] how are the under-10's boys and girls meant to cope on hot days? Former Test star Simon Katich is on the same page, stating he is 'very concerned about the future of the game and younger generations being affected by extreme weather.' The report also recommended that national federations join Cricket Australia in implementing new heat policy guidelines. It comes after a cricketer in his 40s died during a match that was played in extreme heat in Adelaide earlier this year. Junaid Zafar Khan could not be revived after collapsing on the field during the game at Concordia College Oval, which went ahead with the mercury hitting 41.7 degrees.
ABC News
21-07-2025
- Sport
- ABC News
Cricket under threat as Hit for Six climate change report highlights risks of extreme weather events
Cricket is facing its "ultimate test," a new report has warned, as players at all levels of the game are being placed at increasing risk as a result of playing in extreme conditions across the globe. The Hit for Six: The Danger Zone report, commissioned by non-profit groups FrontRunners, The British Association for Sustainability in Sport, Climate Central and The Next Test, highlights the increased strain on players' bodies due to rising temperatures. "There is no doubt in my mind that today cricket faces its ultimate test," former West Indies captain Daren Ganga writes in the report's introduction. "Forget concerns around different formats, TV deals or the battle for eyeballs in a multi-screen age. "This challenge is an existential one and it comes in the form of a rapidly changing climate." A follow-up from the original Hit for Six report released in 2019, the new document illustrates how vulnerable cricket and its participants are to rising temperatures, particularly in the sport's most valuable league, the Indian Premier League (IPL). The report says India in 2024 recorded 52 days with temperatures at or above 37 degrees Celsius — the threshold beyond which outdoor activity becomes unsafe — an increase from the five-year average of 46 days. Australia has also registered an average of 46 days above that temperature, with Pakistan recording 83 days per year on average above that mark. Additionally, the number of hazardous heat days — days when the temperature is hotter than 90 per cent of those observed in a local area over the 1991-2020 period — has jumped significantly in multiple Indian cities. The effects of increased temperatures on people range from cramps through to nausea, fatigue and breathlessness, among other issues. Given cricket is normally played in the summer months, that has a direct impact on the game at every level, from international to local club cricket. During the 2025 IPL, over half of the 65 matches were played in either conditions classified as either Extreme Caution or Danger on the Heat Index — a measure that combines air temperature and humidity to assess heat-related risk. That means more than half of the games were played in conditions where players were likely to be affected by heat exhaustion. Only nine matches avoided triggering some form of heat warning. "We're witnessing a clear trend towards more frequent and more intense heat conditions for key cricketing nations," Dr Mike Tipton, Professor of Human & Applied Physiology at the Extreme Environments Laboratory at the University of Portsmouth, told the report. "Players are now being asked to perform in environments that are not just uncomfortable, but potentially dangerous, with rising temperatures and humidity levels pushing human physiology toward its upper limits. "This isn't just about performance — it's increasingly a question of player safety." Veteran Indian bowler Ishant Sharma was one victim during last year's IPL. He was forced to leave the field with heat illness in Gujarat Titans match against Delhi Capitals. In the previous year, Kolkata Knight Riders owner Shah Rukh Khan was hospitalised with heat stroke after taking ill during the 2024 IPL Final in Ahmedabad. It's not just the temperature in India, but the worsening air pollution. Research conducted by The Next Test found that not a single one of 75 IPL matches in 2025 had air quality that was considered in the "good" range of the Air Quality Index. In fact, 47 per cent were considered "poor" and five matches were played in "unhealthy" conditions. Australian player Ashton Turner said the impacts reached right down from elite levels to grassroots. "I've seen the impact our changing climate can have on our game, from the debilitating air pollution in Delhi to the extreme temperatures we experience in our Australian summers," Turner said. "Without change, the next generations will be faced with insurmountable challenges. "Ever-increasing temperatures are putting the game at risk and it's affecting everyone from players to coaches to umpires to spectators and everyone in between. "We've seen elite athletes at the pinnacle of the sport be struck down from heat exhaustion, [so] how are the under-10's boys and girls meant to cope on hot days? "Cricket is a sport for all and we know the health and social benefits of playing team sports — we don't need any more excuses for our kids to be inside." The increased heat can be fatal, with Adelaide cricketer Junaid Zafar Khan collapsing and dying in March 2025 while batting for Old Concordians against Prince Alfred Old Collegians in 41.7 degrees Celsius heat. England international Maia Bouchier said conditions on the subcontinent were "incredibly hard to play in". "After one game, where I had only really been batting for about 45 minutes to an hour, I couldn't breathe in the humidity and I had to sit down for 15 minutes," she said. "I felt light-headed and physically couldn't stay standing." It's not just heat, either. Simon Katich said the change in rainfall patterns had a huge impact on junior cricket, with cancellations at lower age groups likely to have enormous financial implications in future years. "My son's junior cricket being cancelled at least four times in the most recent 2024/25 cricket season," he told the report. "It has an effect on the kids at this age as they are playing for the sheer love of the game and when it is constantly being cancelled, it affects their ability to keep improving their skills by not being able to play regularly. "I'm very concerned about the future of the game and younger generations being affected by extreme weather. "We had a recent experience in an Under-15 turf cricket grand final that was nearly cancelled due to the temperatures reaching 36 degrees Celsius. "Thankfully, the temperature didn't get [that high] that morning otherwise the six-month competition wouldn't have reached a fitting finale due to the weather and left 22 young boys very disappointed to not have experienced the joy of winning or playing in a grand final. "There is no doubt the extreme weather can impact cricket and affect finances and participation." The report has recommended that national federations join Cricket Australia and the England and Wales Cricket Board in implementing new heat policy guidelines. It also called on the International Cricket Council to implement an Air Quality Index cut-off point and sign up to the UN Sports for Climate Action Framework.
