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They imitated the asset and liability structure of Strategy, but did not replicate its capital structure.
In Brief Arthur Hayes shares insights on the genuine emergence of an altcoin season. Investors now focus on income-generating and share-distributing projects. This shift reflects the evolving maturity of the crypto market.
In Brief XRP's price surged by 4.9%, reaching $2.35, driven by institutional trading. The XRP Ledger pilot by Ripple and Mastercard boosts XRP's market demand. Dogecoin maintains its trend with institutional support around $0.1620-$0.1670.
In Brief Analyst Ali Martinez identifies potential recovery signs in key altcoins. Martinez highlights critical support re-tests in SEI, PEPE, VET, ALGO, and AVAX. Technical indicators suggest possible trend shifts in these altcoins.
- 11:33A Spanish research institution plans to sell 97 BTC purchased in 2012, now worth over $10 million.Jinse Finance reported that the Spanish public research institution, the Technological and Renewable Energy Institute (ITER), plans to sell its bitcoin holdings, which were purchased in 2012 for $10,000 and are now worth over $10 million. The institute is affiliated with the Tenerife Island Council and originally acquired 97 BTC for blockchain technology research. Juan José Martínez, the Innovation Councillor of Tenerife Island, stated that the council is working with a Spanish financial institution authorized by the Bank of Spain and the National Securities Market Commission, and the transaction is expected to be completed in the coming months.
- 11:16The address "machismallbrother.eth" deposited 1 million USDC and opened a 10x long position on ETH.According to Jinse Finance, monitoring by Lookonchain shows that a trader named “machismallbrother.eth” deposited 1 million USDC into Hyperliquid one hour ago and opened a 10x long position of 2,900 ETH (worth 9.8 million USD). Unlike “machibigbrother,” machismallbrother.eth is actually making a profit—the total profit has exceeded 8.9 million USD.
- 11:05A certain whale deposited 25.56 million USDC into Hyperliquid and began building a position in HYPE.According to Jinse Finance, monitoring by Lookonchain shows that a whale who previously earned over $14 million on Hyperliquid has just deposited 25.56 million USDC into Hyperliquid and started buying HYPE. So far, the whale has purchased 92,173 HYPE, worth approximately $3.68 million.