Search results for Sheldon
Crypto
Cardano could rebound after pullback, analyst says uptrend may resume within 7 to 10 days
Cardano\'s ADA could return to an upward trend within 7 to 10 days, a Crypto Banter analyst said, citing a clear buying zone on the chart and limited downside. ADA was trading around $0.2289, down about 10 percent over the past week but up about 9 percent over the past month, after retreating from $0.2813. Separate commentary from CryptoUS said Cardano could follow a path similar to Solana’s longer-term recovery.
Energy & Environment
US gasoline prices top $4 a gallon throughout August for first time as Sierra Club urges windfall tax
The Sierra Club urged the U.S. Congress to adopt a windfall tax to claw back excess profits major oil companies made after war-driven oil price surges. It said much of the profit reflected higher prices rather than expanded production, efficiency gains or innovation. The American Automobile Association said average U.S. gasoline prices exceeded $4 per gallon throughout August for the first time. The push comes ahead of a meeting between President Donald Trump and oil company CEOs.
Crypto
BitMart shutdown fuels confusion as founder says he will not run away
BitMart founder Sheldon Xia denied allegations he had disappeared with customer funds as the cryptocurrency exchange moves toward shutting down. Xia said the firm is conducting an asset inventory, consolidating assets and maintaining systems, and will issue official notices in sequence. His statement did not include a reserves report or a withdrawal timetable. BitMart announced on July 26 it would orderly close the platform, after users complained about access and withdrawals.
