🚨 Crypto Market Overnight News – 1 Minute Summary
1⃣ Bitcoin, Ethereum and Solana all adjusted simultaneously.
US stock markets fell across the board, and crypto-related stocks fell even more — cryptocurrencies continued their downward trend, not a recovery.
2⃣ COAI still maintains its form.
Binance perpetual contract funding rate is at -1.54% (1-hour cycle) — “Short” is almost unprofitable, even when the price has a sharp decline.
3⃣ Chinese meme coins like “Binance Life” and “Hakimi” suddenly skyrocketed.
👉 Rumor has it that Binance is testing a Chinese token on the futures market; CZ's ambiguous post fuels FOMO.
4⃣ KPMG: Stablecoins can shorten international payment times from days to seconds and reduce costs by up to 99%.
👉 Stablecoins are still the dominant story in the market — pay attention to the projects leading this space.
5⃣ a16z Fund invests $50 million in Jito — Staking protocol on Solana.
👉 Token price $JTO barely reacted; market Capital around $1.1 billion — still struggling after months of weakness.
6⃣ Analyst Tom Lee: Many DAT funds (treasury investment funds) now have market values lower than NAV — “the bubble may have burst.”
👉 However, he believes that BitMine is not a bubble, with more than 3 million ETH held (equivalent to 2.5% of total supply).
7⃣ Trader “Machi” was liquidated again.
The account now has only $32,800 left — from a profit of $43.64 million to a loss of $13 million, a “drop” of more than 350 million yuan.
8⃣ Altcoin Season Index drops to 27 (from 35);
The Fear & Greed Index fell to 28 (fear zone), down from 54 (neutral) last week — indicating cooling market sentiment.
9⃣ Spot gold price hit a new peak at $4,250/oz.
PAXG contract on Binance jumped 16% in just seconds — causing Short to “burn their accounts”.
🔟 AI Voyage infrastructure project Capital raised 3 million USD,
with participation from a16z Speedrun, Alliance DAO, Solana Ventures, IOSG VC, and many more.
🔟1⃣ Coinbase launches “Coinbase Business” platform,
allows businesses to send and receive payments in USDC — a major step forward in the application of crypto in real-world finance.
