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Shiba Inu’s ongoing downtrend and sharp drop in new address activity signal continued losses unless key resistance levels are broken. A market shift is essential for recovery.
Solana’s corporate treasury market is growing rapidly but is still small compared to Bitcoin and Ethereum. Upexi, a leading firm, aggressively expanded its holdings, only to face a significant loss due to a price drop. Despite the risks, these early investors could position themselves well if Solana rebounds.
In Brief NIGHT token demand exceeded 250 million tokens in the first 24 hours. Glacier Drop program enhances cross-ecosystem engagement and awareness. Swift resolution of ADA Ledger issues is vital for user trust.
- 06:55A swing whale spent 6.508 million USDC and 1.706 million USDT to purchase 1,896 ETH.According to Jinse Finance, on-chain analyst @ai_9684xtpa monitored that swing trader pfm.eth spent 6.508 million USDC and 1.706 million USDT to purchase 1,896 ETH in the past 40 minutes, with an average price of $4,332.7.
- 06:48CoinP Foundation receives strategic investment from SUI Century FoundationChainCatcher News, according to the official announcement, CoinP Foundation has reached a comprehensive strategic investment and cooperation agreement with SUI Century Foundation. The two parties will integrate resources to promote the development of the Web3 sector, with cooperation including project incubation, brand empowerment, and support for listing and trading. As part of the collaboration, CoinP Foundation has granted SUI Century Foundation the rights to list spot assets and expand into global markets, supporting its localization strategy.
- 06:35Analysis: 7 trillion money market fund reserves may drive the next round of growth in the crypto marketAccording to ChainCatcher, citing data from the Investment Company Institute (ICI), as of the week ending September 3, total assets in US money market funds increased by $52.37 billion, reaching a historic high of $7.26 trillion. Analysts believe that this massive amount of capital could drive bitcoin and other altcoins into the next round of gains. David Duong, Head of Institutional Research at an exchange, stated that as the Federal Reserve further cuts interest rates, retail funds may flow from money market funds into assets such as stocks and cryptocurrencies. Jack Ablin, Chief Investment Strategist at Cresset, pointed out that if money market fund yields drop from 4.5% to 4.25% or 4%, investors will reallocate capital to stocks and cryptocurrencies. .