24-Hour Major Events in the Crypto World! 1-Minute Overview of Overnight Market
Last night's collection of explosive information from Crypto, don't miss it!
1⃣ BTC and #ETH briefly surged before falling, while altcoins plummeted. Recently, there has been significant divergence between bulls and bears, and altcoin liquidity is poor, so be cautious!
2⃣ PUMP staged a comeback. Possibly driven by the explosive rally of MEME coins CLIPPY ($27 million) and SPARK ($62 million), it once again captured 70% of the launcher market share.
3⃣ UNI briefly rose over 8%, due to the official proposal of the “DUNA Framework,” a legal entity for DAO, which paves the way for protocol fees.
4⃣ News about the treasury of altcoins like IP and BONK has surfaced. The correlation between tokens and US stocks has reached a “climax,” but the prices of coins and stocks seem to be immune to good news.
5⃣ Aave deposits are about to break the 100 billion mark, reportedly expected to surpass Deutsche Bank. AAVE, ENA, and pendle are considered to be working together in market strategy, gaining popularity.
6⃣ Beware of the “good news risk” from altcoin projects! The ListaDao proposal to burn 20% of tokens in one go caused LISTA to soar and then plummet.
7⃣ US stock BNC announces a $160 million stash of 200,000 BNB, becoming the world's largest enterprise-level BNB holder. Its funding comes from 10X Capital and YZi Labs.
8⃣ Terraform Labs founder Do Kwon may plead guilty to the LUNA crash incident, with a court hearing set for August 12.
9⃣ Pay attention to changes in market sentiment! On Wednesday, the trading platform Bullish, backed by Peter Thiel, is set to go public, with its IPO target price raised to $4.82 billion.
