09/03/2025 | Summary of notable crypto news in the past 24 hours!

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🚨 Summary of hot crypto market news last night – Quick update! 👇

1⃣ $ SOL increased sharply by 6%, surpassing the $208 mark!
Meanwhile, $ BTC is still "stuck" around $110K, while $ETH continues to weaken - pessimism is rising again... Are you starting to believe that the market is turning around?

2⃣ $WLFI fell again, approaching $0.22.
The $0.20–$0.22 zone is currently a fierce “battlefield”.
At the same time, Trump appeared on air, denying rumors about his health.

3⃣ $ MKR bounces more than 10%
Founder Sky (formerly MakerDAO) says the protocol now generates around $338 million in annual profits thanks to cost-cutting efficiencies.

4⃣ $ENA recovers ~10% after Dip.
The reason? $USDe supply hits $12.43 billion , making it the 3rd largest stablecoin in the market . Plus, the fee- Chia plan is gaining traction.

5⃣ $XVS recovers to $6.15.
The Venus project claims that the system is back up and running and all the mined coins have been recovered .

6⃣ Pre-market price of $LINEA dropped to $0.035.
LINEA just launched Ignition – liquidation incentive program, distributing 1 billion Token. Brand new Airdrop farming opportunity!

7⃣ Hot rumor: Jack Ma is "holding" ETH?
Yunfeng Financial (Hong Kong), which is said to be related to Jack Ma through an indirect stake of 11.15%, currently holds around 10,000 ETH .

8⃣ Ethereum Foundation “Dump” another 10K $ETH — with the reason of using it for R&D and funding.
Really? Wouldn't selling OTC make more sense…

9⃣ Crypto IPO season?
Gemini exchange has just filed for IPO in the US, expected stock code: GEMI.

🔟 Ethereum Staking update (PoS):

  • 832K ETH waiting for Staking

  • 861K ETH in queue for withdrawal
    => Staking is hot again!

🔟1⃣ Market overview through AI perspective:

$ BTC: Strong short-term volatility; need to pay attention to resistance $112K–$114K, support $108K. Weak Capital flow, cautious sentiment.
$ETH: Weak short term, key support zone $4300–$4360. Whales are trading both ways – mixed sentiment.
Altcoins: Divergent performance – $SOL still strong, $WLFI is a "favorite" of adventurous traders.
Macro: Weak DXY (USD index) continues to support the medium-term crypto outlook.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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