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In Brief Arthur Hayes shares insights on the genuine emergence of an altcoin season. Investors now focus on income-generating and share-distributing projects. This shift reflects the evolving maturity of the crypto market.
In Brief XRP's price surged by 4.9%, reaching $2.35, driven by institutional trading. The XRP Ledger pilot by Ripple and Mastercard boosts XRP's market demand. Dogecoin maintains its trend with institutional support around $0.1620-$0.1670.
In Brief Analyst Ali Martinez identifies potential recovery signs in key altcoins. Martinez highlights critical support re-tests in SEI, PEPE, VET, ALGO, and AVAX. Technical indicators suggest possible trend shifts in these altcoins.
- 10:45Opinion: A sell wall has appeared above $105,000 for bitcoin, which may act as a resistance levelAccording to Jinse Finance, Coinglass reports that the spot Bitcoin order book heatmap shows a sell wall forming above $105,000 for BTC, which may become a resistance level for Bitcoin.
- 10:39Data: Machi Big Brother increases ETH long positions, liquidation price at $3,280According to ChainCatcher, Hyperbot data shows that Machi Big Brother has increased his ETH long positions, with the current position valued at $9.65 million, the entry price at $3,347, and the liquidation price at $3,280.
- 10:39A certain exchange announces the appointment of Qiu Xiaodong as Chief Operating Officer, further strengthening its leading position in the field of computing power.ChainCatcher News, according to official sources, KuPool has announced the appointment of Qiu Xiaodong, former Marketing Director and Head of Business Development at SparkPool, as Chief Operating Officer. Qiu Xiaodong is expected to leverage his years of industry knowledge and mining pool operation experience to drive the growth of mining pool businesses for mainstream cryptocurrencies such as LTC and DOGE. His addition will accelerate the platform's development, enhance the earnings experience and competitive advantage for global miner clients, and strengthen KuPool's leading position in the hashrate sector. Currently, KuPool's total mining pool hashrate continues to increase, with LTC/DOGE mining ranking steadily at fourth in the world.