Tether-Linked Firms Acquire Peak Mining for Up to $200 Million
- Transaction Background: Companies linked to Tether executives have acquired Peak Mining, a cryptocurrency mining business, for up to $200 million, highlighting Tether's expanding investment footprint in the crypto sector.
- Management Structure: The buyer, Highland Group Mining, is directed by Tether co-founder Giancarlo Devasini, indicating a tight connection between Tether's leadership and its investment assets, which may raise regulatory scrutiny.
- Market Impact: With Northern Data's market capitalization at approximately €885 million and Tether controlling over 70% of its shares, this acquisition further solidifies Tether's influence in the cryptocurrency mining space.
- Regulatory Scrutiny: Northern Data is under investigation by European prosecutors for potential tax fraud, which places Tether's investment activities under stricter examination and could impact its future capital operations.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00933 | 0.0149 | 0.02 | 0.0256 | 0.0307 | 0.0363 | 0.0414 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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