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How is swBTC secured? Why did we build on $WBTC? And how are the allocation decisions made?
The memecoin ‘Resistance Dog’ experienced a market rally, increasing by over 140% on Monday.This surge was triggered after the developers designated it as the official avatar for Toncoin across various community channels.
The market had previously peaked at $167 billion in March 2022.
Ethereum dominance, a measure of the digital asset’s market capitalization relative to the total crypto market cap, has declined by over 1.5% since November 2022.In the same period, bitcoin dominance has increased from 38% to 56% of the total digital asset market today.
Memecoin Sundog rose by 25% on Wednesday as traders test out the recently launched Tron-based token generator SunPump.Solana-based generator Pump.fun has been for several weeks dominating the memecoin space.
McDonald’s Instagram account seemingly hacked to promote Solana token ‘Grimace’NBA All-Star Jimmy Butler and Ben ‘BitBoy’ Armstrong agree to settle Binance-related class action lawsuitBitcoin trades flat following lower U.S. jobs growth revisionThe following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
No matter how smart you are, failing to manage risk means ultimate failure.
- 00:24Analysis: Ethereum Forms Bullish Flag, Breakout Above $3600 ExpectedOdaily Planet Daily News: The Ethereum daily chart is forming a "bull flag" pattern, with prices consolidating in the range of $2400 to $2750, targeting resistance at $3000 to $3100. If it breaks through $2600, it may rise to $3600. Additionally, Ethereum is attempting to reclaim the midline of the 2-week Gaussian Channel. Historically, ETH has seen significant increases above this indicator, such as a 93% rise to $4000 in 2023 and a 1820% surge in 2020. Although there was a failure in August 2022, crypto trader Merlijn points out that the 50-day SMA and 200-day SMA have formed a "golden cross," which may further enhance ETH's breakout momentum. However, trader XO warns that if ETH fails to break through $2800 in the short term, it may enter a consolidation period lasting several weeks. Short-term support is around $2150 and $1900. (Cointelegraph)
- 00:23A Whale Deposits $16 Million into Hyperliquid and Goes Long on Bitcoin with 40x LeverageAccording to ChainCatcher, monitored by OnchainLens, a cryptocurrency whale address deposited $16 million USDC into Hyperliquid and opened a Bitcoin long position with 40x leverage. Currently, the position is valued at over $117.69 million, with a floating profit of $100,000.
- 00:23Texas Passes Bitcoin Reserve Investment Bill, Awaiting Governor's ApprovalChainCatcher reports that Texas has passed the "Texas Strategic Bitcoin Reserve and Investment Act," allowing the state to invest in Bitcoin (BTC). The bill has now passed its second reading and is awaiting the governor's approval to become law.