Ethereum has most likely entered a corrective phase, which could be the beginning of the end of the bull market. Ethereum has been gradually declining after reaching a peak of about $4,800, and the price action is displaying the first discernible signs of weakness since July.

Given that trading volume has decreased in comparison to earlier in the rally, the decline suggests that market momentum may be waning. Ethereum corrections following sharp rallies have historically tested important moving averages, and the 26-day EMA is currently the first crucial level to keep an eye on. A clean rebound prior to testing this zone would be a more convincing sign that buyers are still in control, but a drop toward this line would indicate a continuation of short-term selling pressure.

The larger bullish structure would hold up if ETH could bounce back above recent highs, rather than tagging the 26 EMA, indicating that this move is merely a brief cooling off. With the next layers of support located close to the 50 EMA and psychological round levels around $4,000, additional downside may become possible if the 26 EMA breaks decisively.

The more general question is whether the upward momentum of the cycle will end with this correction. Since long-term moving averages are still sloping upward, and Ethereum is currently trading comfortably above key support lines, it appears that the bull market is still going strong. But as Ethereum continues to decline, traders may grow increasingly wary, particularly as the market closes out derivative positions.

Shiba Inu at risk

Shiba Inu is once again close to adding a zero to its price. Following weeks of consolidation within an ascending triangle pattern, SHIB is currently close to losing the lower range, which could lead to more severe declines.

The failure of SHIB to produce significant upward momentum is seen clearly on the daily chart. The token is continuing to retest the support line, rather than breaking higher, which indicates a weakening setup, even though the ascending triangle formation typically leans bullish. With today’s rejection, the likelihood of a breakdown is gradually increasing, and each bounce has been weaker than the one before.

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Due to the absence of strong support zones until much lower levels, the move may accelerate rapidly, if SHIB breaks below the triangle’s support. SHIB would most likely be forced to add another zero to its price as a result of such a decline, returning it to valuations not seen since the early summer.

Lower trading volumes and the absence of whale-driven support both increase the descending momentum and lessen the likelihood of a recovery. The risk is increased by the fact that SHIB’s performance is still trailing, leading cryptocurrencies like Ethereum and Bitcoin, which have at least maintained stronger trends.

XRP checks in

XRP is not feeling that well, as the asset is close to entering a critical state. The token is currently declining and in danger of breaking below its 50-day exponential moving average (EMA) after failing to maintain momentum above $3. Although this level has historically been used as a temporary buffer, the current situation indicates that it might not last for very long.

As XRP records a string of red candles, the market’s inability to maintain bullish sentiment is putting pressure on the 50 EMA. The next strong support is located much deeper in the $2.70-$2.75 range, and the $2.40 region, which is anchored by the 200 EMA if this level fails. A breakdown of this kind would wipe out most of XRP’s recent gains and expose the token to a possible retest nearer $2.00, a psychological level that will decide whether the larger bullish cycle holds up.

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Curiously, volume data presents a somewhat different picture, even though price action appears fragile. Indicating that bears are not fully committing to the sell-off, trading volumes have been continuously dropping during the downward move. This lack of conviction allows for a potential rebound, but XRP runs the risk of crashing lower toward significant support levels in the absence of an abrupt spike in demand.

XRP needs to regain the $3.00 mark with significant buying pressure if bulls wish to regain control. If this is not done, there may be a chance for a more severe correction, with $2.00 acting as the final key level before sentiment turns sharply against the asset.

Google’s Gemini is now testing a new feature called “Projects.” This will be similar to OpenAI’s Project Feature for ChatGPT.

With Projects, you can add files, documents or your code. Then, you can ask Gemini to reference those files in project conversations.

Google describes this as a feature where you “start by adding files to the project. Gemini can reference these files in project conversations and use them to generate new documents and code.”

With Projects, you can group similar tasks together and create your own workplace within Gemini.

It’s unclear when the feature will begin rolling out, but it could be limited to enterprise customers initially.

In addition to Projects, Google is working on Gemini 3, which would be the company’s most powerful model to date, and it could deliver a big blow to OpenAI.

Google rolls out Genie 3

Google recently announced Genie 3, which is developed by Google DeepMind, the same team behind Gemini.

With Genie 3, you can simulate the real world and turn a text prompt into a new, playable, interactive world you can move through in real time.

As one user on Reddit found, you can even look down and see how you’re walking in a world simulation created using Genie 3.

Google says Genie 3 renders the world at 720p and 24 fps, and keeps the scene physically consistent for several minutes.

Pepe (PEPE), the frog-themed meme coin, has dropped by 8.23% in the last seven days as prices threaten to breach the $0.000010 support level again. The downward movement has brought the meme coin less than 50 cents away from slipping below this level and adding another zero to its price.

PEPE’s price slips toward critical support level

According to CoinMarketCap data, Pepe is currently exchanging at $0.00001036, which means further volatility could push it over the edge. In the last 24 hours, Pepe’s price outlook has not been impressive. The highest peak it has hit in the course of trading is pegged at $0.00001037.

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The poor price outlook has caused a drop in trading volume within the same time frame. Volume is in the red zone by a significant 21.47% at $502.69 million. The dip is likely due to a 43% decline in large holders’ dominance.

According to available data, the dominance of PEPE whales has not dropped to this level since December 2023. This implies that retail traders are left to drive price action.

Amid these low levels, a whale has bought nearly three trillion PEPE worth about $28.8 million within the last 48 hours. Whether this could spark institutional interest remains to be seen on the market. However, this forms a catch that can help shift the price outlook.

Can PEPE avoid adding another zero?

Notably, if other ecosystem whales engage in aggressive accumulation, it might trigger a reversal. 

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The price level of the meme coin is a good buying point for long-term investors looking to accumulate the asset. Although the meme coin is witnessing a bearish momentum currently, a massive buy could support a rebound move.

PEPE bulls need to step in and halt the sell-off before it slips and add another zero. A slip might prove more difficult to emerge from than defending the $0.000010 support level. Meanwhile, if the crypto market stabilizes, it might help PEPE stay afloat.

What you need to know

• Google is rolling out AI agents in Cloud that can handle everything from data analysis to code execution.
• Gemini CLI is gaining GitHub Actions, an agent that automates issue and contribution triage and serves as an AI teammate.
• The five other agentic solutions are aimed at data scientists and engineers working in Google Cloud business environments.

Google Cloud is bolstering its offerings in the agentic era with six new AI agents tailor-made for developers, data scientists, and data engineers alike. The agents are available in preview starting today, Aug. 5, including a GitHub Actions helper for the Gemini command-line interface (CLI).

The company says the fresh AI tools are the start of an agentic enterprise for its customers, which aims to bridge the operational and analytical needs of a business. Alongside the agentic helpers, Google Cloud is creating Gemini Data Agents APIs and the Agent Development Kit (ADK), which are the foundation for a customizable platform that can be used to create custom AI tools for unique workflows.

These are the new AI agents developers and businesses can try out now in Google Cloud:

• Data Engineering Agent in BigQuery — a data-prepping agent optimized for cleaning, transforming, and preparing information for AI use.
• Data Science Agent in BigQuery Notebooks — a workspace agent that turns notebooks into intelligent infrastructure for data science teams.
• Conversational Analytics Agent + Code Interpreter — a chatbot-style tool that supports conversational question-and-answer dialogue using the context of unique data sets.
• Migration Agent for Spanner — a data modernization agent designed for Google Cloud’s global database service, Spanner.
• Conversational Analytics API — a custom agent builder for developers and businesses.
• Gemini CLI GitHub Actions — a coding teammate for your GitHub repository, found in Gemini CLI.

Everything you need to know about Google’s new AI agents

Google Cloud is for businesses, first-and-foremost, and these AI agents are intended to help with everything from software development and data analytics to managing global distribution and infrastructure networks. For example, the Data Engineering Agent can automate workflows that were once manual processes. It supports data ingestion from external sources, like Google Cloud Storage, and can complete contextual actions on your behalf.

Google provides the example prompt of “Create a pipeline to load a CSV file, cleanse these columns, and join it with another table.” With that, the Data Engineering Agent can complete the multi-action requests independently. The Spanner Migration Agent can work in tandem with the Data Engineering Agent, as it’s intended for legacy systems that are still needing modernization.

The Data Science Agent can automate typical analytical workflows, according to Google. It handles common tasks like exploratory data analysis (EDA), data cleaning, featurization, and machine learning predictions based on provided data sets in either BigQuery or Vertex AI.

The Conversational Analytics Agent is also getting a boost, as it’s now getting a Code Interpreter function. It receives thorough and specific natural language questions, and automatically converts them into Python code. From there, Code Interpreter can run the generated code, creating visual and interactive graphics based on the results. It’s all running in Google Data Cloud, and thus the company claims it’s secure and governed.

Gemini CLI is getting better for teams with GitHub Actions

Finally, Gemini CLI is getting an upgrade that enhances multi-user support and GitHub integration. For those unfamiliar, Gemini CLI is a command-line terminal for Gemini that’s open-source and can be run locally. It’s available in beta globally now on GitHub.

The story behind Gemini CLI’s new GitHub Actions agent is pretty interesting. Amidst a heavy burden of GitHub feature requests and contributions for the open-source Gemini CLI, Google needed a way to respond quickly at scale. So, it created GitHub Actions — an autonomous agent that can handle issue triage and pull request reviews independently. Now, it’s giving away what it created to manage Gemini CLI issues and contributions as GitHub Actions.

Aside from issue triage and pulling request reviews, GitHub Actions also serves as a collaborative coding agent that can work as your AI teammate.

All of these Google Cloud features are available in preview or beta starting today, and you can try them now.

Shiba Inu is displaying early indications of resilience in the face of recent bearish pressure, which could stop it from falling further and adding a zero to its price. SHIB has landed close to the $0.00001200 level, a crucial support area that aligns with multiple short-term technical zones and historical horizontal support following a pullback from the $0.00001500 region.

The most noteworthy finding is that SHIB has started to bounce from the zone of $0.00001200, possibly forming a local bottom. Wicks reject further declines, indicating a stabilization pattern in the price action. Additionally, the RSI is rebounding from the oversold threshold, which is hovering around 39 and traditionally indicates that selling momentum has run its course.

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Technically, the 100 and 200 EMAs are in the vicinity of $0.00001330 and $0.00001430, respectively. These are significant resistance zones, but they could also be target areas if the bounce stabilizes. Breaking back above the 50 EMA ($0.00001315), which would indicate a return of bullish control, is currently necessary for a short-term recovery.

Since the volume is neutral, there isn’t a panic sell-off going on. Although there has been a recent decline in long-term large transaction volume, which indicates weak whale activity, the price structure itself is still intact within a larger consolidation pattern. All things considered, Shiba Inu is still far from its speculative peak, but it would be premature to add another zero to its price at this time.

Momentum to return to mid-July levels around $0.00001500 could be generated by a brief recovery from current levels. One step at a time, bulls must retake the EMAs in order for that to occur.

Bitcoin not giving up

The recent decline in Bitcoin from its local peak of $123,000 has brought it to an inflection point, which is the $112,000 mark. This zone is important not only because of previous price action but also because it intersects with the 50-day exponential moving average (EMA), which has historically been a dynamic support in bullish trends even though the price is currently bouncing off this level.

Following a clear breakout from the June consolidation zone of $105,000-$107,000, Bitcoin surged to a new local high of $123,000. With decreasing volume suggesting waning momentum, the subsequent correction was anticipated. But since the RSI is still above 44, it appears that Bitcoin is still holding steady in the neutral to bullish range and has not yet entered oversold territory.

Given its multifaceted significance, $112,000 is crucial. BTC had been consolidating below it for almost a month, and it is not only the 50 EMA level but also the neckline of the most recent breakout pattern. As a result, traders are naturally looking for a breakdown or a strong bounce at this point. The 50 EMA is holding the price steady thus far. If it broke below, it would probably allow for a reexamination of the 100 EMA at $107,800 or even the 200 EMA, which is slightly above $100,000. But the bullish structure is still in place as long as Bitcoin has $112,000 in it.

The line that divides a deeper correction from a short-term bullish continuation is in essence $112,000, it is more than just a number. Maintaining this level could strengthen a push toward the $120,000+ range. Losing it could cause Bitcoin to enter a longer cooldown period. Both traders and investors ought to keep a close eye on it.

Ethereum’s movement capacity

The recent decline in Ethereum may not be as dire as it appears. The 26-day exponential moving average (EMA) is a structurally sound level that ETH is currently sitting on after undergoing a healthy correction rather than a collapse after hitting above $3,800. In the past, this level has served as a turning point for continuation trends, and ETH’s capacity to maintain it points to a potential starting point for recovering $4,000.

With its current price of $3,430, ETH is beginning to show indications of slowing its downward momentum. The decline has been adequately cushioned by the green 26 EMA line, and the fact that the market has recovered from that precise area today supports the notion that this could be the local bottom for this correction. Now that the RSI has cooled off from overbought levels, it is in a balanced range around 53, which gives bulls more leeway to push the price higher without going overboard right away.

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Volume indicates that the selling pressure is not increasing. Buyers seem to have stepped in in response to the decline, which is encouraging. A multi-layered safety net in the $2,700-$3,000 range is created below ETH by a group of powerful support zones, which include the 50 EMA ($2,992), 100 EMA ($2,900) and 200 EMA ($2,704).

The $3,950-$4,000 range, which corresponds with earlier local highs from the current rally, is the next reasonable target if ETH can overcome the $3,600 resistance that signals the beginning of the most recent drawdown. The structure is still bullish since market sentiment is largely unchanged and ETH is still significantly above its mid-term trend supports. In summary, Ethereum is still on track to reach $4,000, and the first significant step in confirming that upward trajectory is to hold the 26 EMA.

US banks are now saddled with $413.2 billion in unrealized losses on their balance sheets.

In its new Quarterly Banking Profile for the first quarter of 2025, the Federal Deposit Insurance Corporation (FDIC) says US banks reported a $67.5 billion decrease in unrealized losses on securities, primarily Treasuries and other bonds.

Although it looks like progress, the FDIC warns the decrease has likely already reversed amid extreme bond market volatility and a surging Treasury yield curve.

“Longer-term interest rates such as the 30-year mortgage rate and the 10-year Treasury rate decreased in the first quarter, increasing the value of securities reported by banks and lowering unrealized losses.

However, increases in longer-term interest rates since the end of the first quarter would likely reverse most of these improvements in unrealized losses if measured today.”

Rebel Cole, who worked in the Federal Reserve System for ten years, tells Fortune that today’s levels of unrealized losses represent a serious ongoing danger for lenders.

“All it takes is one bad news story about any of these banks, and we could have another banking crisis like we had in March of [2023].

I’m amazed we haven’t had one since then.”

Unrealized losses represent the difference between the price banks paid for securities and the current market value of those assets.

Concern over such paper losses played a major role in the collapse of Silicon Valley Bank in 2023, as depositors panicked and withdrew funds after learning the bank sold securities at a steep loss to cover liquidity needs.

The FDIC says banks recorded a $180.9 billion rise in domestic deposits in Q1, which is about 1%, and a $3.8 billion increase in net income to $70.6 billion, with a reserve coverage ratio declining from 179.9% to 168.8%.

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Robinhood has launched a dedicated prediction market hub that will allow users to trade contracts based on the outcomes of key global events.

According to a March 17 statement, the platform’s initial offerings include contracts tied to the Federal Reserve’s target interest rate for May and the men’s and women’s College Basketball Tournaments.

The firm explained:

“Each contract represents an approximate probability between 1% and 99%, with each cent effectively representing a 1% probability that the event will occur. For example, if a contract is priced at 53 cents, this can be interpreted as a 53% probability that it will occur according to that market.”

The service will be available to eligible customers across the US through KalshiEX LLC, a regulated exchange overseen by the Commodity Futures Trading Commission (CFTC).

Over time, Robinhood plans to introduce contracts covering various topics, including financial markets, politics, and sports.

J.B. Mackenzie, Robinhood’s VP and GM of Futures and International emphasized the company’s commitment to innovation and highlighted the importance of prediction markets in capturing insights across finance, news, and culture.

The firm further explained that building a standalone prediction markets hub allows it to better serve its customers looking to engage with events that align with their interests.

Robinhood’s prediction marketplace efforts

Prediction markets allow traders to place financial bets on future events, incentivizing accurate forecasting. While these markets faced regulatory hurdles in the US, interest has grown recently.

During the 2024 US presidential election, event-based betting platforms like Polymarkets saw increased participation and correctly predicted Donald Trump’s victory.

Robinhood briefly entered this space during that period, offering election-related contracts. The company later tested a Super Bowl betting market but withdrew it due to compliance challenges.

Robinhood asserts that its latest initiative follows all necessary regulatory guidelines this time. The company said it has engaged with the CFTC to ensure compliance, with Mackenzie stating:

“We’re excited to offer our customers a new way to participate in prediction markets and look forward to doing so in compliance with existing regulations.”

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