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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.
- 05:44A certain wallet has recently accumulated over $480,000 worth of GP tokens, with total prepared funds nearing $1.1 million.According to ChainCatcher, on-chain analytics platform Stalkchain has monitored that a certain wallet transferred in $249,000 twenty-two days ago and has been continuously purchasing GP tokens. This wallet deposited $843,000 from an exchange over sixteen days and has been slowly buying GP. Currently, the wallet has accumulated tokens worth approximately $481,200, with the latest purchase today costing $50,000.
- 05:43A newly created address deposited 2.59 million USDC and opened a 1x leveraged long position on XPL.According to Jinse Finance, Onchain Lens monitoring shows that a newly created wallet deposited 2.59 million USDC into HyperLiquid and opened a long position on XPL with 1x leverage.
- 05:27CME XRP futures open interest surpasses $1 billionAccording to Jinse Finance, CME Group's XRP futures have surpassed $1 billion in open interest just over three months after their launch, reaching this scale faster than Solana futures. Currently, the notional open interest of CME Group's cryptocurrency futures product portfolio has exceeded $30 billion.