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- 04:32VanEck Head of Digital Assets: Low Market Cap Public Companies Claiming to Build Large-Scale Crypto Reserves May Be Considered ScamsAccording to ChainCatcher, citing The Block, a recent wave of companies—many with very small market capitalizations—have announced their intention to purchase large amounts of popular altcoins such as XRP and Solana. These companies often come from seemingly unrelated sectors of the business world. Matthew Sigel, Head of Digital Assets at VanEck, stated that these so-called initiatives are most likely attempts to boost the share prices of small-cap companies, many of which are listed on Nasdaq. Sigel said, “In many cases, it’s insiders trying to pump and dump. If the market cap is negligible and there’s no disclosure of new investors, I consider it a scam.”
- 04:31Santiment: Ethereum contract traders tend to "chase gains and cut losses," frequently switching positions in response to price fluctuationsAccording to Jinse Finance, crypto market analysis firm Santiment stated on social media that since Bitcoin rebounded from its recent low yesterday, most traders have continued to go long and have made modest gains. In contrast, Ethereum traders have shown a pattern of "chasing gains and cutting losses"—constantly switching their positions in line with the latest price fluctuations. It is important to note that when funding rates on trading platforms swing from one extreme to another, it is often accompanied by large-scale liquidations. The best entry opportunities typically arise when the market is broadly bearish, while the optimal exit points tend to occur during periods of excessive bullishness. It is recommended to monitor the one-way trend of BTC and ETH funding rates to capture key trading opportunities.
- 04:31DRW Investments Acquires Nearly 4 Million Shares of Trump Media & Technology Group Worth $100 MillionAccording to a report by Jinse Finance, as disclosed by the Financial Times, DRW Investments, an investment firm founded by American financial magnate Don Wilson, has acquired nearly 4 million shares of Trump Media & Technology Group, valued at approximately $100 million. This makes DRW Investments one of the leading investors in Trump Media & Technology Group’s cryptocurrency ventures. However, its competitor Jane Street is the largest investor in Trump Media & Technology Group’s cryptocurrency initiatives, having invested around $375 million. DRW Investments is a major institutional participant in the crypto asset sector and is also an investor in the liquidity provider Cumberland. The firm hopes that a Trump administration would reconsider the regulatory authority over the U.S. securities industry, having previously called for the establishment of a new regulatory body to replace both the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission. As of now, Trump Media & Technology Group has not responded to requests for comment regarding DRW Investments’ investment.