Market Dynamics:
BTC continues its downward trend, facing significant overall pressure; the altcoin sector has not been spared, showing a general decline, and market sentiment remains cautious. U.S. stocks, on the other hand, performed relatively steadily, slightly rising, creating some divergence from the cryptocurrency market.
Market Highlights:
- Binance (BN) recently launched a new coin, DOLO. The project associated with this token is a DeFi lending protocol on the Bera chain. More notably, the founder of DOLO previously served as the CTO of WLFI, a project related to the Trump family, which adds considerable intrigue to its background.
- The public chain SOL has recently strengthened in performance. On the positive news front, a dedicated treasury company for SOL has been established in the U.S. stock market, and the SOL ecosystem has recently launched the “Alpenglow” upgrade. This upgrade will significantly optimize network performance, primarily by reducing consensus time by 100 times, providing a certain level of support for its price through technological iteration.
