Latest news with #Mantle
Yahoo
05-08-2025
- Business
- Yahoo
This Coinbase-Listed Crypto Is Taking Off—With a Little Help From Ethereum: Analysis
The cryptocurrency market is catching its breath after Monday's exuberance, with the market as a whole sliding 1.38% to $3.7 trillion on Tuesday. The crypto market saw broad gains over the past 24 hours, led by Ethereum layer-2 tokens which posted solid gains throughout the day. But today's charts tell a different story as traders apparently lock in profits. Still, there's at least one token bucking the trend: Mantle, which trades as MNT on Coinbase and other exchanges, is up 8% today and nearly 25% over the last week. MNT is the native token of the Mantle network, previously known as BitDAO, a layer-2 Ethereum scaling network. But besides offering a platform for DeFi, Mantle recently began styling itself as a 'Web3 Ethereum treasury,' boasting a $364 million ETH stash per listings on Strategic ETH Reserve. Bullishness among investors chasing the crypto treasury trend may be playing into Mantle's recent price gains. So what do the charts have to say about it? Mantle (MNT): Layer-2 momentum defies market downturn Mantle stands out as today's contrarian play as easily the top gainer in the top 100 coins by market cap, despite broader market weakness. Trading at $0.9389, MNT is up nearly more than 8% today and 24% in the weekly candlestick charts. The technical setup for Mantle is decidedly bullish. The Average Directional Index, or ADX, at 33 confirms a strong trending environment. ADX measures trend strength regardless of direction on scale from 0 to 100, and crossing well above 25 separates choppy markets from trending ones. For traders, this reading suggests the recent momentum isn't just noise but represents genuine directional conviction. When ADX readings sustain above 30, it often indicates a trend with staying power. The Relative Strength Index, RSI, for Mantle is at 69, which means it's approaching but hasn't yet reached overbought territory above 70. RSI functions as a thermometer to gauge how hot a market might be. Historical data shows many altcoins can sustain RSI readings between 65-75 for extended periods during bull runs, suggesting MNT could have more room to run before needing a breather. The Squeeze Momentum Indicator shows markets are in a bullish momentum phase with a price compression period after a major spike. Given MNT's position above key support levels and the bullish momentum readings, the bias requires analysis alongside other indicators to be accurate. The price direction shows traders are attempting to switch momentum from bearish to bullish. The gap between the long term average prices and the short term average prices is narrowing, hinting at a possible golden cross in the near future. If this happens, traders may have yet another confirmation of a bullish momentum instead of a simple correction or a FOMO-driven brief price spike. What's driving this outperformance? Besides pure price action, the project's move toward establishing itself as a 'Web3 Ethereum treasury' is likely helping. Mantle said in an X post last week that it's now the largest ETH treasury among Web3 entities—that is to say, blockchain-native projects unlike publicly traded companies like SharpLink or BitMine, which lead the list among Ethereum treasuries as a whole. What it amounts to is a signal to MNT investors that MNT is backed, in a sense, by an ostensibly less volatile asset in ETH. Also, MNT's listing on Coinbase back in May coincided with a surge in interest in the coin. The 'Coinbase Effect' as it relates to token listings is not nearly as pronounced as it has been in the past, but it's still something. After all, Coinbase remains the most popular crypto exchange in the United States. The recent launch of UR, a neobank that runs entirely on the Mantle network and the first of its kind to help users spend, save, and invest across fiat and crypto finances in one unified account, represents a notable milestone. With beta testing concluding on August 8, the market seems to be ready for a full rollout. Key Levels: Immediate support: $0.82 (breakout level from multi-month resistance) Strong support: $0.75 (EMA resistance zone) Immediate resistance: $1.00 (psychological barrier) Strong resistance: $1.30 (next major technical target) Ethereum (ETH): A technical crossroads Of course, Mantle would be nothing without Ethereum, which is itself taking investors for a ride. Ethereum currently trades at $3,583.3, showing signs of consolidation after recent volatility. The technical picture reveals a market at an inflection point, with longer-term indicators trending bullish and shorter-term indicators turning bearish. Ethereum's ADX is at 39, which traders would interpret as decidedly bullish. It says the trend has room to keep up direction in the medium term. Anything above 40 on the ADX is serious momentum. At 39, Ethereum's trend strength is robust, and traders interpret this as confirmation that the current move has strong momentum behind it. But it's also approaching levels where some consolidation might be in order. Of course, there will be ups and there will be downs, but if we're zooming out, the overall direction of the movement is pretty clear. The RSI for ETH sits at 55, placing ETH in neutral territory. It suggests traders are not as hyped as the trend strength suggests. RSI readings above 70 signal overbought conditions and below 30 indicate oversold levels. At 55, this suggests Ethereum has room to move in either direction without triggering automatic selling or buying from algorithmic trading setups. This neutral reading combined with a strong ADX may indicate the market is digesting gains rather than showing exhaustion and heading to a new winter. We're not there—yet. The Exponential Moving Averages, or EMAs, also tell a bullish story for swing traders. The average price of ETH over the last 200 days is well below the average price over the last 50 days. That's a bullish signal for most traders. Moving averages help traders identify trend direction: when shorter-term averages (like the 50-day) trade above longer-term ones (like the 200-day), it shows sustained buying pressure across multiple timeframes. Particularly significant is the Squeeze Momentum Indicator showing an 'on' status. This indicator identifies periods when volatility compresses (the squeeze) before explosive moves. When it fires "on," it signals that a breakout from consolidation is underway. Combined with the strong ADX reading, this suggests traders should prepare for increased volatility. The coin is also correcting after decisively breaking past the bullish channel that kept its gains going up but under a certain control. This seems to be the first time that resistance is testing its new configuration as a price support. Key Levels: Immediate support: $3,400 (psychological level) Strong support: $3,200 (EMA50 resistance zone) Immediate resistance: $3,800 (recent rejection area and major Fibonacci level) Strong resistance: $4,000 (all-time-high territory) The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. Sign in to access your portfolio
Business Insider
05-08-2025
- Business
- Business Insider
Succinct, the First Decentralized Prover Network, Launches on Mainnet
Succinct announced the mainnet deployment of the Succinct Prover Network, a decentralized infrastructure enabling anyone to request and verify zero-knowledge (ZK) proofs from a global network of provers. The launch also activates the PROVE token, which provides the economic foundation for paying provers and securing the network, enabling a universal payments rail for all ZK-enabled infrastructure. The network already supports over 35 leading protocols, processes proofs from 1,700 unique programs, and has secured over $4 billion in value. More than five million proofs have been fulfilled to date for protocols such as Polygon, Mantle, Celestia, and Lido. The system will power everything from Ethereum, which has made ZK a top priority on its roadmap, to rollups that process tens of thousands of transactions per second for compute-intensive applications like trading, AI agents, and more. 'Our goal from the start was to make proving infrastructure accessible at internet scale,' said John Guibas, CTO of Succinct Labs. 'Going from whitepaper to a working mainnet in eight months shows what's possible when engineering and cryptography come together with focus.' The network operates as a two-sided marketplace on Ethereum: applications submit proof requests, and independent provers compete to fulfill them. This unlocks ZK technology for developers without custom infrastructure, making verifiable computation as simple as calling an API. The result is crypto-native infrastructure that delivers security, transparency, and scalability by default. 'With mainnet live, Succinct is ready to support the next generation of applications that require verifiable computation,' said Uma Roy, CEO of Succinct Labs. 'We believe ZK proofs will become the standard for how crypto integrates with the broader internet, and we're proud to lead that shift.' Developers interested in using the Succinct Prover Network can start building today by visiting About Succinct Succinct is the decentralized prover network that makes zero knowledge easy for everyone. By offering accessible, scalable infrastructure for verifiable computation, Succinct helps developers build trustless applications without compromising on performance or usability. Chase Devens
Fox Sports
01-08-2025
- Sport
- Fox Sports
Last Night in Baseball: Cal Raleigh's 42nd Homer Broke a Record
There is always baseball happening — almost too much baseball for one person to follow themselves. Don't worry, we're here to help you by figuring out what you missed but shouldn't have. Here are all the best moments from last night in Major League Baseball: Raleigh sets a new homer mark There were just three MLB games on Thursday, as the league allowed the majority of teams to work the phones all day before the trade deadline, but the contests we did get offered up plenty. For instance, the Mariners took on the Rangers, and Cal Raleigh hit his MLB-leading 42nd homer of the season. That was notable for more than just Raleigh extending that lead, however: it broke a tie with Todd Hundley for the most home runs ever by a switch-hitting catcher. Raleigh is now the all-time leader in that category, and every dinger means he's moved that record even further out of reach. Raleigh has additional switch-hitting and backstop-related homer records to chase in the last two months of the 2025 season, as well. Salvador Perez's 2021 featured 48 homers, a record for a catcher — Raleigh is seven blasts shy of taking that record for himself with 52 games to go in the season. Mickey Mantle is the only switch-hitter ever with a 50-homer season — he has both of them, in fact — with the record being his 54 in 1961. Raleigh is, as of Friday morning, on pace for 62 homers, which would shatter Mantle's record… and tie Aaron Judge's AL-record 62 shots from 2022. Big Dumper might not break or match all of these records, but the possibility is there. If he has another hot streak in him anything like some of those he's already had when he clustered a ton of homers together this summer then… well, that's why they play the games, isn't it? Suárez debuts for Seattle (again) Wasn't this guy just on the Mariners? Eugenio Suárez returned to Seattle, after one-and-a-half seasons away with the Diamondbacks. His arrival, per MLB, means that the Mariners now boast only the second-ever pair of 35-homer hitters on a team as of August 1, joining Roger Maris and the aforementioned Mantle in their 1961 campaign with the Yankees. Judge, of course, broke Maris' record of 61 from '61 in 2022. It's all connected! Anyway, Suárez didn't go yard in his re-debut, but he did lace a double and score a run in what would turn out to be a 6-0 rout of the Rangers. "Another highlight from the Seattle game?" you say? Did you not see the part where there were just three games on Thursday? Plus, this catch is sick, and would be here regardless. Let's thank the Mariners for giving both of us so much to work with. Julio Rodríguez is certainly known for his glove, but even with that, this was surprising. Look at how far he ranged! And that slide! He didn't lose the ball at the point of impact, either, which could have easily happened — how many triples have you seen come about because a ball didn't stay in a glove that was sliding on the ground along with the player it was attached to? The Reds and Braves put on a show Things were pretty normal in Cincinnati through seven innings. The two were tied up at 3-3, with Elly De La Cruz breaking his July-long homer drought in the bottom of the third for his 19th of the year, but it was otherwise unremarkable. And then the eighth inning happened. Ozzie Albies opened the inning with a single off of Reds' reliever Graham Ashcraft, who then gave up another single to Sean Murphy. Sam Moll would come on in relief, but allowed a bunt single to Michael Harris II to load the bases. Eli White would then hit another single, scoring Albies. There were still no outs yet. Luke Williams then hit a double to plate Murphy and Harris, putting the Braves up 6-3. Jurickson Profar would strike out, but this was merely a pause for Atlanta: Matt Olson would reach on a fielder's choice that scored their seventh run of the game and fourth of the inning. The Reds would relieve Moll with Lyon Richardson. It changed nothing. Marcell Ozuna walked, loading the bases. Albies, who led off the inning, picked up his second single of the eighth, this one driving in Olson and Riley — 10-3, Braves. Murphy would then double to drive in Osuna, forcing the Reds to call in Brent Suter to pitch. Suter was the one Reds' pitcher of the inning to not give up a run nor even a baserunner, as he struck out Harris and then got White to fly out. It was already 11-3 Braves at this point, though — bad news for the Reds. Or! An opportunity to score eight runs of their own in the bottom of the frame. No, really. Cincinnati pounded Atlanta's pitchers in the same way — starting with Ke'Bryan Hayes' first homer as a Red after they dealt for him before the deadline, a three-run shot to cut the lead to 11-6. Cincinnati would keep at it, and the eighth inning would end with the teams once again all tied up, just as they were when it started, only with 16 more runs between them and after both clubs had burned through most of their bullpens. As MLB's Sarah Langs pointed out , it was just the third time in MLB history that two teams scored at least eight runs a piece in a single inning, with the last of those coming in 2007. The Braves would inevitably end up winning by scoring in the 10th on a sac fly by Ozuna, which was somehow also the only other run in the game after the explosive eighth. Maybe everyone was a little too tired. Stanton went boom It's been done a little quietly, but Giancarlo Stanton is having his best season in years. While his 2025 got off to a late start due to a severe case of tennis elbow in both arms, in the 32 games he has played, he's got eight homers and a line of .270/.341/.514, which would be the best numbers he's put up since 2021 if they were to hold steady for the next two months. That eighth homer? Not so quiet. When Stanton is healthy, he hits the ball as hard as basically anyone. What a shot. The Yankees — after a very lengthy rain delay — ended up defeating the Rays, 7-4. They enter August at 60-49, 3.5 back of the Blue Jays in the AL East, but 2.5 up in the wild card race. Want great stories delivered right to your inbox? Create or log in to your FOX Sports account , and follow leagues, teams and players to receive a personalized newsletter daily! 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Daily Mail
25-07-2025
- Entertainment
- Daily Mail
Head-spinning historical fiction out this month: The Art Of A Lie by Laura Shepherd-Robinson, Lion Hearts by Dan Jones, Love, Sex & Frankenstein by Caroline Lea
The Art Of A Lie by Laura Shepherd-Robinson (Mantle £18.99, 320pp) Bluffs, double bluffs, twists, turns and emotional upheaval are the disorder of the day in Shepherd-Robinson's deftly plotted fourth novel. Set in the mid-18th century in an upmarket, but financially precarious, confectionery shop in fashionable Piccadilly, it unspools the entwined stories of recently widowed sweet-maker Hannah Cole, who's nursing a dark secret, and the dashing, moneyed gentleman William Devereux, who's not all he seems. The truth is revealed in tantalising snippets as the brilliantly drawn main characters recount their version of events, which include a brutal murder, an inherited fortune in jeopardy, the investigation of magistrate, Henry Fielding, who's on the case of the killer, and the introduction of the sensation of the season – 'iced cream'. This deliciously devious tale of skulduggery, questionable motives and untrustworthy appearances will keep you gripped. Lion Hearts by Dan Jones (Head of Zeus £18.99, 384pp) It's 1350 and the ten comrades in arms from Jones's bold, bloody Essex Dogs and the Wolves of Winter have been winnowed down to a surviving few. Battle scarred, older but not necessarily wiser, they're attempting to find peace, especially leader Loveday, who once made his living 'with his fists, his wits and his short sword' and who's now attempting to keep a failing Winchelsea tavern afloat. But with the Castilians on the horizon, a population devastated by the Black Death and old debts to pay, it's not long before the band are reunited and once again pressed into action. Lion Hearts is a fitting conclusion to this trilogy; a salty, action-packed saga that sees old friends head into the fray. Love, Sex & Frankenstein by Caroline Lea (Michael Joseph £18.99, 400pp) Thrumming with emotion, Lea's retelling of Mary Shelley's dark night of the soul in the summer of 1816 is brimful of love, lust, hate and a strange kind of happiness as she comes up with the idea for her gothic classic Frankenstein. Sequestered in Villa Diodati, by Lake Geneva, the weather is foreboding, the company complicated – Mary is there with her baby son Willmouse, her lover, the feckless poet Shelley, her troubled stepsister Claire Clairmont, the quietly observant Dr Polidori and Lord Byron. In the middle of the mayhem is Mary, who's finding it hard to rein in her feelings, which are as tumultuous as the weather outside.
New York Post
22-07-2025
- Sport
- New York Post
Francisco Alvarez's Mets return comes with a blueprint to follow
Access the Mets beat like never before Don't miss Mike Puma's text messages from Queens and beyond — he's giving Sports+ subscribers the inside buzz on the Mets. Sign up Now The best-case template was cast in iron in a small hotel room on Aug. 11, 1951. A man named Elven Mantle — 'Mutt' to everybody — drove the 163 miles from Commerce, Okla., to Kansas City, Mo., to join his son, Mickey, for Father-Son Day at Municipal Stadium. But it wasn't exactly a happy occasion. Mantle — whom Casey Stengel had called 'the best ballplayer I've ever seen,' and Stengel had been around pro ballplayers since 1910 — had started hot his rookie season with the Yankees, but by July he'd fallen into an irreversible funk. Stengel sent him down to Triple-A. At first, Mantle's slump became even worse: he started 3-for-18. Even as he caught fire on a three-week road trip, when the Blues returned home, Mickey was deeply depressed. He told his father he wanted to quit.
