24-Hour Major Events in the Crypto World! 1-Minute Overview of Overnight Market
Last Night's Crypto Highlights
1⃣ Trump makes a major move, signing an executive order allowing 401(k) pension funds to invest in cryptocurrencies, leading to a surge in U.S. crypto-related stocks and Crypto. Analysts remind: sentiment is key, and it will take time for funds to enter.
2⃣ $ETH breaks 3900, once again hitting the 4000U mark. ETH/BTC exchange rate strengthens. U.S. ETF data shows that funds fled in panic earlier in the week, but have started to flow back in with FOMO over the past two days.
3⃣ SEC and Ripple end 4-year legal battle, Ripple fined $125 million, but this is good news, XRP rises 11% in one day, returning to historical highs near 3.2U.
4⃣ MEMEFI surges over 500% due to delisting, but has already been cut in half. Industry insiders speculate that altcoin contracts are prone to manipulation, caution against FOMO risks.
5⃣ TST first rises then crashes, plummeting over 60%, with contract trading volume skyrocketing, investors are being liquidated. Beware of recent contract coin strategies: long-term sideways movement, sudden spikes to attract FOMO, followed by violent sell-offs.
6⃣ BASE chain ZORA strengthens again, rising over 35% in one day, with KOL speculating it is Coinbase's socialfi launch platform.
7⃣ U.S. stock dynamics are very important! On August 13, Bullish races to go public, with the former NYSE president at the helm, backed by 24,000 bitcoins. If market capitalization soars, it may drive crypto FOMO higher.
8⃣ Whale contracts also suffered severe losses. Well-known “insider trader” @qwatio’s ETH short positions were liquidated today; it turned 3 million U into a floating profit of 29 million U over six months, but ultimately lost everything.
9⃣ Vitalik Buterin rarely calls out, stating support for “ETH Asset Reserve Company,” but warns against over-leveraging. Data shows top ETH reserve stocks are still being bought.
🔟 WLFI: USD1 points program is about to launch, which will be jointly introduced with some partner companies. This may serve as an airdrop basis.
