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Large-scale financing, RLUSD surpassing 1 billion, and a partnership with Mastercard—these three developments have created a positive feedback loop and may signal Ripple's transformation from the concept of a “blockchain-based SWIFT” to a revenue-driven global settlement infrastructure.
Stream Finance Implosion and Systemic Crisis
The market may have entered a mild bear market.
Bitcoin has fallen below the short-term holders’ cost basis ($112,500) to around $100,000, indicating weakened demand and the end of the bull market. The market is now in a mild bear phase, with long-term holders continuing to reduce their positions, institutional capital outflows, deleveraging in the derivatives market, and a defensive stance prevailing in the options market. Summary generated by Mars AI. This summary is produced by the Mars AI model and its accuracy and completeness are still being iteratively improved.
- 16:41Yilihua: Remains optimistic about the upcoming market; cryptocurrencies are undervalued compared to the Nasdaq.Jinse Finance reported that Yi Lihua, founder of Liquid Capital (formerly LD Capital), stated in a post: "We remain optimistic about the upcoming market trend and buying strategy. We believe there is a 20% probability of another deep correction, a 50% probability of wide-range consolidation with BTC returning to $116,000 and ETH returning to $4,000, and a 30% probability of a short squeeze rally breaking through a new high of $5,000 by the end of the year. First, there are expectations of interest rate cuts and government policy support. Second, the current correction in the US stock market is structural, with a very low probability of a sharp decline in the short term. The core is that the AI bubble is still in its early to mid-stage and is being promoted as a national policy in the US, coupled with strong earnings reports from major companies. Meanwhile, cryptocurrencies are undervalued compared to the Nasdaq, so there is no need to panic—buy with conviction. Everyone is their own investment and trading god; no one can be 100% correct."
- 16:41U.S. stocks opened lower and continued to decline, with all three major indexes down more than 1%.Jinse Finance reported that U.S. stocks opened lower and continued to decline, with all three major indexes falling more than 1%. As of now, the Nasdaq is down 1.74%, the S&P 500 index is down 1.06%, and the Dow Jones is down 1%.
- 16:40Data: In the past 24 hours, total liquidations across the network reached $445 million, with long positions liquidated for $292 million and short positions for $153 million.ChainCatcher news, according to Coinglass data, in the past 24 hours, the total liquidations across the network reached $445 million, with long positions liquidated for $292 million and short positions for $153 million. Among them, bitcoin long positions were liquidated for $110 million, bitcoin short positions for $26.2031 million, ethereum long positions for $66.0579 million, and ethereum short positions for $45.7015 million. In addition, in the past 24 hours, a total of 187,013 people were liquidated globally, with the largest single liquidation occurring on Hyperliquid - BTC-USD, valued at $15.3129 million.