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The crypto market has generally declined, with bitcoin and ethereum prices falling and altcoins experiencing significant drops. Hawkish signals from the Federal Reserve have affected market sentiment, and multiple project tokens are about to be unlocked. Early ethereum investors have made substantial profits, and expectations for a continued gold bull market persist. Summary generated by Mars AI. The accuracy and completeness of this summary, generated by the Mars AI model, are still being iteratively improved.
IOTA is collaborating with the World Economic Forum and the Tony Blair Institute for Global Change on the ADAPT project. ADAPT is a pan-African digital trade initiative led by the African Continental Free Trade Area. Through digital public infrastructure, ADAPT connects identity, data, and finance to enable trusted, efficient, and inclusive trade across Africa.
Bitcoin has not broken up with cryptocurrencies; it is simply adapting to its own role.
- 20:58TD Cowen: Strategy stock has 170% upside potentialJinse Finance reported that TD Cowen analysts stated that although Strategy's mNAV recently fell below 1 (which means its shares are trading at a price lower than the market value of its bitcoin holdings), and bitcoin has dropped to a seven-month low, this does not change its long-term outlook. The company believes that as its bitcoin accumulation model scales up, there is still significant upside potential. Analysts Lance Vitanza and Jonnathan Navarrete maintained their target price for MSTR at $585, which implies about 170% upside from Strategy's current share price of around $194. They pointed out that the current weakness reflects market volatility rather than any change in the company's ability to accumulate additional bitcoin.
- 20:48Waller: The upcoming employment report is unlikely to change the outlook on rate cutsAccording to Golden Ten Data, ChainCatcher reported that Federal Reserve Governor Waller stated that any data, including the upcoming employment report, is unlikely to change his view that another rate cut is warranted.
- 20:06Data: In the past 24 hours, total liquidations across the network reached $845 million, with long positions liquidated for $508 million and short positions for $336 million.ChainCatcher news, according to Coinglass data, in the past 24 hours, the total amount of liquidations across the network reached 845 million USD, with long positions liquidated for 508 million USD and short positions for 336 million USD. Among them, bitcoin long positions were liquidated for 227 million USD, bitcoin short positions for 190 million USD, ethereum long positions for 133 million USD, and ethereum short positions for 37.1165 million USD. In addition, in the past 24 hours, a total of 159,632 people were liquidated globally, with the largest single liquidation occurring on Hyperliquid - BTC-USD, valued at 96.5116 million USD.