Category: Altcoins
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Cryptocurrency Market Faces Significant Declines As Bitcoin, Ethereum, And Solana Lead The Drop
In the past 24 hours, the cryptocurrency market witnessed a notable downturn, with Bitcoin (BTC) plummeting to a low of $65,086, marking a 4.57% decrease. Ethereum (ETH) also experienced a significant drop below the $3,200 mark, down by 8.12%. Solana (SOL) followed suit, falling below $150 with a 12.68% decline. BTC fell to a low of $65,086, a 24-hour drop of 4.57%. ETH once fell below $3,200, down 8.12% in 24h. SOL fell below $150, with a 24-hour drop of 12.68%, WIF dropped 24.1% and PEPE dropped 20.3%. The entire network liquidated $829 million in the past 12h, of which
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Solana Developers Test Congestion Fixes in Testnet, Introduce Measures to Prioritize Traffic
USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up
Arthur Hayes Introduces New ‘Risk Radar’ for Ethena’s USDE Stablecoin
TON Society Reveals Biometric Proof-of-Personhood Palm Scanning Program
Pendle Token Sees 7% Decline Following All-Time High, On-Chain Activity Reflects Positive Sentiment
Pendle, the decentralized finance (DeFi) token, experienced a notable decline of over 7% today, following a surge to an all-time high of $7.5 yesterday. The token is currently trading at $6.69, reflecting a correction after the recent price rally. Despite the decline in price, on-chain activity indicates positive sentiment surrounding Pendle. Reports suggest that Pendle Real Fire Institutions are actively participating in Pendle liquidity provision (LP) to enhance pledge income. Notably, Distributed Capital recently transferred 7,000 ETH from Binance and allocated all of them to the Pendle $ezETH pool, providing liquidity with a value of $24.56 million. Pendle 实火🔥机构也在参与 Pendle
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Stablecoin Market Expands by $4.46 Billion in 12 Days
First Digital Labs to Launch FDUSD on L1 Blockchain Network Sui
Maker Protocol’s Governance Token (MKR) Experiences Decline, Yet Whales and Institutions Accumulate Amidst Dip
Over the past day, the governance token of the Maker Protocol, MKR, has faced a downturn, with its value dropping by up to 8%. On the weekly chart, the decline extends to 13%. Despite this bearish trend, insights from Spotonchain, an on-chain data tracking platform, shed light on an interesting development: whales and institutions are seizing the opportunity to accumulate MKR during the dip. According to Spotonchain’s reports, a notable surge in accumulation activity has been observed. Thirteen fresh wallets withdrew a substantial amount of MKR, totaling 13,560 tokens valued at $47.8 million, from Binance over the past week. Impressively,
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