24-Hour Major Events in the Crypto Sphere! 1-Minute Overview of Overnight Market Trends
1. Trump’s social platform Truth Social applies for a Bitcoin ETF;
2. Donald Trump Jr. denies association with TRUMP Wallet and promotes World Liberty Financial's official wallet instead. Magic Eden responded that the application is indeed the official TRUMP wallet, utilizing Trump's official brand and intellectual property. ME fluctuated wildly, rising 24% in one day;
3. pumpdotfun plans to raise $1 billion at a $4 billion valuation, with the token expected to launch within two weeks, generating nearly 11 million tokens with a total market cap of about $4.5 billion and cumulative revenue exceeding $700 million;
4. Whale James' 40x BTC long position is worth $146 million, with a loss of about $1.08 million, and the liquidation price is 104980, with #BTC currently quoted at 105349;
5. Arkham: Satoshi Nakamoto's net worth has surpassed that of Bill Gates;
6. Consensys founder: #Ethereum is the global settlement layer, and stablecoins will replace the US dollar in global settlements;
7. Altcoin season index rises to 27;
8. 10x Research: The absence of altcoins is due to a lack of new narratives and significant token unlocking pressure, making low liquidity unable to sustain upward momentum;
9. Bloomberg analyst: IBIT's Bitcoin holdings may surpass Satoshi Nakamoto's by the end of next year, becoming the largest Bitcoin holder in the world;
10. Hyperliquid holds 80% of the DeFi perpetual contract market;
11. Musk 'betrays', calling the spending bill 'disgusting', and Congress is driving the US to bankruptcy. (The bill again increases fiscal spending).
