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In Brief Crypto market sees abrupt sell-off, with altcoins severely affected. Bitcoin shows relative strength, boosting its market share. Investors adopt cautious strategies, watching key indicators closely.
In Brief Hyperliquid's HIP-3 upgrade enables developers to launch perpetual futures markets. HYPE token's value has surged, enhancing its market impact and interest. Recent substantial liquidations underline the volatile crypto environment and potential challenges.
In Brief SNX coin surged over 120%, reaching above $2.20, in a significant market rally. The rally stems from upcoming Ethereum mainnet launches and trading competitions. "Dino coins" like SNX could regain prominence in upcoming financial cycles.
Crypto investment products see $3.17B inflows in a week, pushing 2024 total to $48.7B, with Bitcoin taking the lead.Bitcoin Stays on Top, Altcoin Momentum CoolsInstitutional Interest Continues to Climb
Dip buying isn’t enough — Bitcoin needs stronger accumulation below the STH Realized Price to kickstart a new bull run.Accumulation vs. SpeculationWhat to Watch Next
- 16:05Ferra announces completion of $2 million Pre-Seed funding roundJinse Finance reported that Ferra has completed a $2 million Pre-seed round of financing, led by Comma3 Ventures, with participation from Sui, Arche Fund, Antora Technology, and several angel investors who are founders within the Sui ecosystem. The project has launched the first DLMM DEX on Sui, integrating CLMM and DAMM, and is now officially live on the mainnet.
- 16:05Spot gold surpasses $4,100, up over 56% year-to-dateJinse Finance reported that spot gold has surpassed the $4,100/ounce mark, setting a new all-time high. It has risen by more than $90 during the day, an increase of over 2%. So far this year, it has increased by nearly $1,500, with a growth rate of more than 56%.
- 15:44BNB Chain: "Rebirth Support" airdrop aims to help users who lost money trading meme coinsJinse Finance reported that BNB Chain released a supplementary statement regarding the "Rebirth Support" airdrop, stating that the event aims to assist users who suffered losses trading Meme coins during recent market fluctuations. More details will be announced as soon as possible through BNB Chain's official channels. Previously, it was reported that BNB Chain, together with Four.Meme and others, launched a $45 million BNB "Rebirth Support" airdrop, with the amount distributed randomly.