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Shiba Inu’s ongoing downtrend and sharp drop in new address activity signal continued losses unless key resistance levels are broken. A market shift is essential for recovery.
Solana’s corporate treasury market is growing rapidly but is still small compared to Bitcoin and Ethereum. Upexi, a leading firm, aggressively expanded its holdings, only to face a significant loss due to a price drop. Despite the risks, these early investors could position themselves well if Solana rebounds.
In Brief NIGHT token demand exceeded 250 million tokens in the first 24 hours. Glacier Drop program enhances cross-ecosystem engagement and awareness. Swift resolution of ADA Ledger issues is vital for user trust.
- 09:32A certain whale address has accumulated an additional 5.51 million INSP tokens.According to Jinse Finance, Lookonchain monitoring shows that a certain whale address (0x436F and 0x2DDf) has once again accumulated 5.51 million INSP tokens (worth $100,000). Currently, the address holds a total of 115.07 million INSP tokens (worth $2.1 million), accounting for 11.51% of the total supply.
- 09:29The cost of euro credit default insurance declines, boosting investment appetite for risk assetsChainCatcher News, according to Golden Ten Data, after the Federal Reserve cut interest rates by 0.25 percentage points on Wednesday, market sentiment improved and the cost of credit default insurance denominated in euros declined. This Fed rate cut has boosted global investment appetite for risk assets. According to S&P Global Market Intelligence data, the European iTraxx Crossover Index, which measures credit default swaps on euro-denominated high-yield bonds, fell by 3 basis points to 248 basis points.
- 09:29The Bhutan government transfers 343.1 bitcoins, possibly to deposit them into a CEX againChainCatcher news, according to Onchain Lens, the government of the Kingdom of Bhutan has transferred 343.1 bitcoin (approximately $40.18 million) into a new wallet. It is expected, as in previous operations, that these funds will be deposited into a centralized exchange (CEX).