Market Dynamics in the Last 24 Hours 📉

In the past 24 hours, the cryptocurrency market has been relatively stable, but the total market capitalization has still slightly decreased by 0.56%, dropping to $3.92 trillion. Bitcoin is priced at $111,100, down by 0.51%; Ethereum has seen a larger drop of 2.43%, priced at $4,487. Most cryptocurrencies have fluctuated between 1% and 2%. Notably, Solana has performed exceptionally well, surging by 7.6% to reach $208, truly the little sun of the market ☀️.

Google Cloud's New Blockchain Play 🚀

Google Cloud is advancing its first blockchain project - the General Ledger (GCUL), primarily serving financial giants. The platform emphasizes neutrality and openness, supporting smart contracts written in Python, making it easy for traditional developers to get started. GCUL has completed testing with the Chicago Mercantile Exchange and is currently in the private network phase, with a full launch expected in 2026. It seems Google aims to take the blockchain game further!

Mastercard Partners with Circle, Making Stablecoins More Usable 💳

Mastercard, in partnership with Circle, will allow merchants in Eastern Europe, the Middle East, and Africa to settle transactions using USDC and EURC stablecoins starting August 26. This will enable faster and more cost-effective cross-border payments, supporting emerging markets and promoting the integration of cryptocurrency with traditional finance. Just think how much easier shopping and transfers have become!

Plasma XPL Futures Market Experiences Major Fluctuations 🎢

The XPL token of the Plasma project has been wildly volatile on Hyperliquid, with contract prices soaring over 200% in just two minutes, triggering widespread liquidations. Funds plummeted from $160 million to $30 million in an instant, benefiting large holders while hurting retail investors. To mitigate risks, Hyperliquid plans to enhance risk control, limit price fluctuations, and introduce external price references. The market is exciting, but safety must be a priority.

Solana Charges Ahead, Institutional Interest Soars 🔥

Solana surged by 7.6%, breaking through the $208 mark, with the booming market attracting institutional attention. Analysts point out that this is due to technological breakthroughs, institutional investments, and the potential approval of a Solana spot ETF by the U.S. Securities and Exchange Commission. Chorus One has launched the first institutional-grade Solana validator node, indicating that institutions are beginning to accelerate their engagement with the Solana ecosystem. The future looks promising!

The above content is for informational purposes only and does not constitute investment advice! Follow me for more daily market insights. Bitcoin Profit Wallets Reach Record High #美国宏观经济数据上链