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Ethereum’s price is fluctuating around $3,700, influenced by US credit and labor data, with traders cautiously avoiding high leverage. Whale activity indicates limited bearish sentiment, but there is insufficient confidence in a rapid rebound. No warning signals have been observed in the derivatives market, and a recovery will require clearer macroeconomic signals. Summary generated by Mars AI. This summary is produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
In Brief BNY Mellon enhances its crypto ecosystem role through infrastructure services, not its own coin. The bank supports stablecoin projects instead of launching an altcoin amid positive market conditions. BNY Mellon prioritizes infrastructure over token issuance, promoting collaboration and ecosystem strength.
In Brief The crypto market exhibits signs of recovery post-major liquidations. Ethereum, Dogecoin, Cardano, and XRP have shown significant gains. Technological innovations and ETF expectations contribute to market optimism.
Bitcoin has closed above the $100K mark for 163 days in a row, showing strong market confidence and price resilience.Bitcoin Holds Strong Above $100KWhat Sustains This Momentum?What Comes Next for Bitcoin?
- 02:01Data: Hyperliquid platform whales currently hold $5.171 billions in positions, with a long-short ratio of 0.85.ChainCatcher news, according to Coinglass data, whales on the Hyperliquid platform currently hold positions worth $5.171 billions, with long positions totaling $2.37 billions, accounting for 45.83% of the holdings, and short positions totaling $2.801 billions, accounting for 54.17%. The profit and loss for long positions is -$87.0937 millions, while the profit and loss for short positions is $118 millions. Among them, whale address 0x5b5d..60 is shorting ETH with 10x leverage at the price of $3,441.87 for the entire position, with an unrealized profit and loss of -$22.8833 millions.
- 01:52HM Revenue & Customs sends crypto gains tax "reminder" letters to about 65,000 crypto investors in the UKForesight News reported, according to the Financial Times, that the UK's HM Revenue & Customs (HMRC) is intensifying its scrutiny of crypto investors, with the number of warning letters sent to individuals suspected of underreporting or evading taxes on digital asset gains having doubled. In the 2024–25 fiscal year, nearly 65,000 such letters were issued, compared to just 27,700 in the previous year. These letters, known as "nudge" letters, are intended to encourage investors to voluntarily correct their tax filings before a formal investigation is launched. Over the past four years, the agency has sent out more than 100,000 such letters.
- 01:52Polymarket accounted for over 72% of prediction market trading volume last week, the highest share since March.According to Jinse Finance, data from DefiLlama shows that Polymarket accounted for over 72% of the prediction market trading volume last week, marking its highest share since March.