🚨 Today's Crypto Hotspot Collection, Get Market Focus in 1 Minute
1. Mainstream cryptocurrencies declined alongside U.S. stocks, with weak crypto correlation: #BTC、 followed the downward adjustment of the three major U.S. stock indices, exhibiting a weak correlation characteristic of "declining without rising." In the external market, crypto concept stocks also plummeted significantly, with an overall bearish sentiment.
2. The management of the coin #ETH、 is strong, making shorting difficult: The AI concept coin COAI is performing exceptionally strong, with Binance perpetual contract rates as low as -1.54% and a settlement period of only 1 hour. The cost of shorting is high and the profit margin is limited, making it hard for investors to achieve significant gains even if the price briefly dips.
3. Chinese MEME coins are experiencing fluctuations, CZ's post triggers FOMO: Chinese MEME coins like Binance Life and #SOL suddenly surged yesterday, rumored to be due to "Binance contract testing Chinese ticker." CZ's subsequent post further amplified the market FOMO sentiment, and in the short term, one should be cautious of the risk of a pullback after the news materializes.
4. KPMG Supports Stablecoins, with Cross-Border Settlement as the Core Narrative: Accounting firm KPMG pointed out that stablecoins can reduce cross-border settlement time from "days" to "seconds," with a transaction cost reduction of up to 99%. The value of stablecoins as a "primary narrative" is highlighted, and it is recommended to pay attention to leading projects in this sector.
5. a16z invests $50 million in Jito, but the token JTO reacts lukewarmly: The well-known venture capital firm a16z has invested $50 million in the Solana ecosystem staking protocol Jito, but the price of the token JTO has not been stimulated by this good news. Currently, its market capitalization is $1.1 billion and has been consistently declining in recent months, with the market lacking confidence in the project in the short term.
6. Tom Lee on DAT Bubble: BitMine is an Exception: Fundstrat co-founder Tom Lee stated that multiple DAT (Treasury companies) have fallen below their net asset value, suggesting that the industry bubble may have burst. However, he believes that BitMine, which holds over 3 million ETH (accounting for 2.5% of the supply), is not a bubble entity. The rationale lies in the asset reserve value of BitMine.
7. "Maji" accounts face liquidation again, with losses exceeding 350 million RMB: Accounts related to "Maji" have been forced to liquidate their long positions again, leaving a balance of only 32,800 USD. From a previous profit of 43.64 million USD to a loss of 13 million USD, the cumulative loss exceeds 350 million RMB, revealing the risks of high-leverage operations.
8. Market enthusiasm has plummeted, with both indices at low levels: the altcoin season index dropped from last week's 35 to 27, and the fear and greed index fell from last week's 54 (neutral) to 28 (fear zone). Overall trading enthusiasm in the market has significantly declined, with strong wait-and-see sentiment.
9. Gold hits a new high leading to a collapse in contracts, PAXG surges briefly: Spot gold refreshes its historical high to $4250/ounce, and Binance PAXG perpetual contracts surged by 16% due to this stimulus. Investors who had shorted previously face significant loss risks and need to be cautious of the impact of precious metal trends on crypto derivatives.
10. AI infrastructure project Voyage secures $3 million in funding, with major players flocking to the layout: The AI infrastructure project Voyage has completed $3 million in funding, with several well-known institutions such as a16z Speedrun, Alliance DAO, Solana Ventures, and IOSG VC participating, reflecting the ongoing optimism of institutions towards the AI+Web3 sector.
1. Mainstream cryptocurrencies declined alongside U.S. stocks, with weak crypto correlation: #BTC、 followed the downward adjustment of the three major U.S. stock indices, exhibiting a weak correlation characteristic of "declining without rising." In the external market, crypto concept stocks also plummeted significantly, with an overall bearish sentiment.
2. The management of the coin #ETH、 is strong, making shorting difficult: The AI concept coin COAI is performing exceptionally strong, with Binance perpetual contract rates as low as -1.54% and a settlement period of only 1 hour. The cost of shorting is high and the profit margin is limited, making it hard for investors to achieve significant gains even if the price briefly dips.
3. Chinese MEME coins are experiencing fluctuations, CZ's post triggers FOMO: Chinese MEME coins like Binance Life and #SOL suddenly surged yesterday, rumored to be due to "Binance contract testing Chinese ticker." CZ's subsequent post further amplified the market FOMO sentiment, and in the short term, one should be cautious of the risk of a pullback after the news materializes.
4. KPMG Supports Stablecoins, with Cross-Border Settlement as the Core Narrative: Accounting firm KPMG pointed out that stablecoins can reduce cross-border settlement time from "days" to "seconds," with a transaction cost reduction of up to 99%. The value of stablecoins as a "primary narrative" is highlighted, and it is recommended to pay attention to leading projects in this sector.
5. a16z invests $50 million in Jito, but the token JTO reacts lukewarmly: The well-known venture capital firm a16z has invested $50 million in the Solana ecosystem staking protocol Jito, but the price of the token JTO has not been stimulated by this good news. Currently, its market capitalization is $1.1 billion and has been consistently declining in recent months, with the market lacking confidence in the project in the short term.
6. Tom Lee on DAT Bubble: BitMine is an Exception: Fundstrat co-founder Tom Lee stated that multiple DAT (Treasury companies) have fallen below their net asset value, suggesting that the industry bubble may have burst. However, he believes that BitMine, which holds over 3 million ETH (accounting for 2.5% of the supply), is not a bubble entity. The rationale lies in the asset reserve value of BitMine.
7. "Maji" accounts face liquidation again, with losses exceeding 350 million RMB: Accounts related to "Maji" have been forced to liquidate their long positions again, leaving a balance of only 32,800 USD. From a previous profit of 43.64 million USD to a loss of 13 million USD, the cumulative loss exceeds 350 million RMB, revealing the risks of high-leverage operations.
8. Market enthusiasm has plummeted, with both indices at low levels: the altcoin season index dropped from last week's 35 to 27, and the fear and greed index fell from last week's 54 (neutral) to 28 (fear zone). Overall trading enthusiasm in the market has significantly declined, with strong wait-and-see sentiment.
9. Gold hits a new high leading to a collapse in contracts, PAXG surges briefly: Spot gold refreshes its historical high to $4250/ounce, and Binance PAXG perpetual contracts surged by 16% due to this stimulus. Investors who had shorted previously face significant loss risks and need to be cautious of the impact of precious metal trends on crypto derivatives.
10. AI infrastructure project Voyage secures $3 million in funding, with major players flocking to the layout: The AI infrastructure project Voyage has completed $3 million in funding, with several well-known institutions such as a16z Speedrun, Alliance DAO, Solana Ventures, and IOSG VC participating, reflecting the ongoing optimism of institutions towards the AI+Web3 sector.
