1⃣ Bitcoin, Ethereum and Solana bounce from the Dip
Three major coins $ BTC, $ETH and $SOL recovered after Fed Chairman Jerome Powell made a somewhat "dovish" statement, while former President Trump temporarily kept quiet.
👉 However, with US stocks still down slightly and crypto stocks plunging, market sentiment remains fragile. Perhaps it's time to take a break from watching.
2⃣ Internal whale closed a Short order of $500 million BTC, then transferred $89 million USDC to Binance
A whale is suspected of closing a large Short position on the Hyperliquid decentralized exchange, then transferring a large amount of stablecoins to Binance, possibly to open an equivalent Longing position.
👉 There are rumors that this whale is related to an "insider trading" group from the White House.
3⃣ Solana community holds Chinese naming contest, "唢呐 (Suona)" causes fever
The name “Suona” – a traditional Chinese trumpet – suddenly became popular. The meme coin of the same name even reached a market Capital of 700 million USD before plummeting.
4⃣ Solana meme run out of cash flow
Launchpad volume plummeted to $620 million last week – a 50-week low.
5⃣ ATOM “zero” candle error on Binance causes panic, but Airdrop improves sentiment
The zero price candle incident raised major concerns, but two new Airdrop related to the incident are helping CZ restore community trust.
6⃣ Trader Eugene warns:
“The market is hell right now, so avoid large trades right now.”
7⃣ Powell hinted that the Fed could still cut interest rates by 0.25% this month
Despite the US government shutdown limiting data, the Fed Chairman still left open the possibility of cutting interest rates.
8⃣ BlackRock CEO: “Asset Tokenize is just beginning”
👉 According to Bitmine, within the next 10 years, most of the global financial system will likely move to blockchain. Need to closely monitor RWA (real-world assets) infrastructure.
9⃣ The US government wants to confiscate more than 127,000 BTC
This BTC is believed to be related to the Lubian mining pool theft in 2020.
👉 US crypto reserves XEM to come largely from seizures.
🔟 Stripe supports recurring payments with stablecoins
Businesses can now receive recurring payments in USDC via Base and Polygon. This is a big step forward in the application of stablecoins in real-world payments.
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