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Ethereum approaches a key resistance, which could spark gains if it breaks through. Market sentiment is mixed, with bullish signs but ongoing selling pressure affecting price. Technical indicators suggest potential upward momentum but warn of weakening bullish strength.
Bitcoin remains relatively stable, while altcoins and stablecoins show remarkable growth. Peter Schiff expresses concerns over Bitcoin’s weak performance despite Trump’s increasing odds. Schiff comments that the community’s increasing BTC purchase may have weakened the price action.
Tesla has moved its Bitcoin holdings to seven different wallets. The company has 11,509 BTC worth around $776.9 million. Bitcoin is facing resistance at the $69,000 price level and awaits breakout.
Quick Take The Financial Stability Board said risks from global finance’s exploration of tokenization are low because the technology has not been adopted at scale. Despite the suggested low risk, the report warned that liquidity and maturity mismatches in tokenized assets could threaten financial stability, particularly as projects become more complex and opaque during market stress.
Quick Take Variational announced raising $10.3 million in seed funding from Bain Capital Crypto, Coinbase Ventures and others. Variational is an Arbitrum-based peer-to-peer crypto derivatives trading protocol.
XRPL has been doing well in new wallet creation and DEX volume; however, the network’s NFT ecosystem is seeing less activity.
- 03:43Data: Since the beginning of this month, the on-chain USDT supply of Aptos has increased from about 20 million to approximately 100 millionAccording to Token Terminal data, the supply of USDT circulating on the Aptos network continues to rise. Since the beginning of this month, the supply of USDT on the Aptos chain has increased from about 20 million to about 100 million.
- 03:34Amber Group associated address withdrew 6.92 million ENA from CEX 10 hours ago, valued at 4.78 million US dollarsAccording to on-chain analyst @ai_9684xtpa, Amber Group's associated address withdrew 6.92 million ENA from CEX 10 hours ago, worth 4.78 million USD. It has now been distributed to two wallet addresses, and the receiving addresses have not yet transferred or sold. Due to market improvement, the issuance of USDe has risen to 4.1 billion coins, and sUSDeAPY has also rebounded to 29%; In the past seven days, the price of ENA coin has increased by nearly 20%, with a current price of $0.7119.
- 03:2910x Research: Dramatic decline in money supply triggers concerns among Bitcoin tradersAccording to 10x Research on X, the global money supply has increased by more than 50 trillion US dollars in the past decade, a macroeconomic indicator that is often discussed. This surge seems to benefit Bitcoin holders as the "money printing" effect enhances its appeal as a hedge tool. However, the global money supply has recently experienced another sharp increase, which historically leads to changes in Bitcoin prices about ten weeks later. But after that, it saw a significant decline. Therefore, traders who are bullish on Bitcoin based on summer money supply growth data may now need to shift to a bearish attitude.
