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Tron price climbed 4.2% to $0.33 while other major altcoins declined, driven by increased stablecoin demand as traders rotated profits into safer assets.
Conflux rallied 28% following its partnership announcement for the AxCNH offshore yuan stablecoin launch in Singapore and Malaysia, driving trading volume up 128% amid bullish technical indicators.
Quick Take South Korea’s central bank has installed a virtual asset division to monitor the crypto market and lead internal discussions on local currency stablecoins. It also renamed its existing digital currency team, likely indicating a more active stance towards digital currency initiatives.
Quick Take Rowland Marcus Andrade, the founder of AML Bitcoin, was sentenced to 84 months in prison today . The court said Andrade misled investors about AML Bitcoin’s technology, business potential, and launch timeline, defrauding them of more than $10 million.
- 11:23Ethena Surpasses Aave in Market Cap, Ranks 30th Among Crypto AssetsAccording to ChainCatcher, data from Coinmarketcap shows that Ethena's market capitalization has surpassed Aave, currently standing at $4.193 billion, with a 24-hour increase of 11.73%, ranking 30th among crypto assets by market cap.
- 11:22Data: Multiple whale addresses have accumulated ETH in the past 10 hours, with total purchases exceeding $42 millionAccording to ChainCatcher, monitored by The Data Nerd, several whales have continuously withdrawn ETH from exchanges in the past 10 hours: The address starting with 0x526 withdrew 3,000 ETH, approximately $11.17 million; The address starting with 0xF436 withdrew 5,630 ETH, approximately $20.91 million; The address starting with 0x1cd withdrew 1,080 ETH, approximately $4 million; Abraxas withdrew 1,700 ETH, approximately $6.45 million.
- 11:17Bank of England: Tariff Agreement Has Limited Impact on Economic Growth, Raises Economic Forecast for This YearAccording to a report by Jinse Finance, the Bank of England stated that although the UK has reached a relatively favorable tariff agreement with the United States, this will have little impact on economic growth, as the service sector accounts for the majority of economic activity. The Bank of England expects that the negative impact of tariffs on global economic growth will affect the UK economy the most. However, it has raised its growth forecast for this year from 1% in May to 1.25%.