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In Brief Crypto market sees abrupt sell-off, with altcoins severely affected. Bitcoin shows relative strength, boosting its market share. Investors adopt cautious strategies, watching key indicators closely.
In Brief Hyperliquid's HIP-3 upgrade enables developers to launch perpetual futures markets. HYPE token's value has surged, enhancing its market impact and interest. Recent substantial liquidations underline the volatile crypto environment and potential challenges.
In Brief SNX coin surged over 120%, reaching above $2.20, in a significant market rally. The rally stems from upcoming Ethereum mainnet launches and trading competitions. "Dino coins" like SNX could regain prominence in upcoming financial cycles.
Crypto investment products see $3.17B inflows in a week, pushing 2024 total to $48.7B, with Bitcoin taking the lead.Bitcoin Stays on Top, Altcoin Momentum CoolsInstitutional Interest Continues to Climb
Dip buying isn’t enough — Bitcoin needs stronger accumulation below the STH Realized Price to kickstart a new bull run.Accumulation vs. SpeculationWhat to Watch Next
- 16:05Spot gold surpasses $4,100, up over 56% year-to-dateJinse Finance reported that spot gold has surpassed the $4,100/ounce mark, setting a new all-time high. It has risen by more than $90 during the day, an increase of over 2%. So far this year, it has increased by nearly $1,500, with a growth rate of more than 56%.
- 15:44BNB Chain: "Rebirth Support" airdrop aims to help users who lost money trading meme coinsJinse Finance reported that BNB Chain released a supplementary statement regarding the "Rebirth Support" airdrop, stating that the event aims to assist users who suffered losses trading Meme coins during recent market fluctuations. More details will be announced as soon as possible through BNB Chain's official channels. Previously, it was reported that BNB Chain, together with Four.Meme and others, launched a $45 million BNB "Rebirth Support" airdrop, with the amount distributed randomly.
- 15:28Nvidia: Meta and Oracle to use Spectrum-X Ethernet switchesJinse Finance reported that Nvidia announced Meta and Oracle will adopt Nvidia Spectrum-X Ethernet switches to build AI data center networks. These two companies have established Spectrum-X Ethernet switches as the standard for open accelerated network architecture. This technology enables large-scale rapid deployment, exponentially improves AI training efficiency, and significantly shortens the time to gain data insights.