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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.
- 11:27Data: An Ethereum ICO participant address transferred 9,803 ETH to an exchange in the past 7 daysAccording to ChainCatcher, Onchain Lens monitoring has revealed that an Ethereum ICO participant address has once again sent 4,460 ETH, worth $19.85 million, to a certain exchange. In the past seven days, this address has sent a total of 9,803 ETH, valued at $43.88 million, to the same exchange.
- 11:19An ETH ICO participant deposits 4,460 ETH worth $19.85 million into an exchange againAccording to a report by Jinse Finance, on-chain analyst OnchainLens (@OnchainLens) has monitored that an ETH ICO participant has once again deposited 4,460 ETH, worth $19.85 million, into an exchange. Overall, in the past seven days, this participant has deposited a total of 9,803 ETH, valued at $43.88 million.
- 11:01Dutch crypto service provider Amdax plans to establish a listed company AMBTS with a long-term goal of acquiring 210,000 bitcoinsChainCatcher reports, citing Reuters, that Dutch cryptocurrency service provider Amdax has announced plans to launch a Bitcoin wealth management company called AMBTS (Amsterdam Bitcoin Wealth Strategy Company) on the Dutch stock exchange. Amdax CEO Lucas Wensing stated, "Currently, over 10% of the Bitcoin supply is held by corporations, governments, and institutions. We believe now is the right time to establish a Bitcoin wealth company and aim for a listing on Euronext Amsterdam, one of Europe's leading exchanges." Amdax and AMBTS plan to raise funds from a wide range of private investors in the first round of financing. The long-term goal for AMBTS is to eventually hold at least 1% of the total Bitcoin supply, which amounts to 210,000 coins.