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PEPE buyers are attempting to step in at the current levels. A good sign for some crypto coins would be to retake that pre-election level where the previous rally started. PEPE has been relatively strong the past few days, especially compared to other bigger memes.
Durov had been required to remain in the country since his arrest seven months ago.
Quick Take International bank Standard Chartered has slashed its 2025 ether price target by 60% from $10,000 to $4,000, citing factors like Base’s growing market share. The Bank of Korea has ruled out the idea of creating a bitcoin reserve, citing its high volatility.
Quick Take The GMCI Meme index’s largest holdings have faced substantial selling pressure as speculative traders exit. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take Magic Eden saw an explosive but short-lived surge in Ordinals trading, with daily volume averaging nearly $50 million for eight days, driven by the Idiots NFT mint. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take Offchain Labs introduced the Onchain Labs initiative, which focuses on developing new decentralized applications for Arbitrum. The initiative was launched in partnership with the Arbitrum Foundation and will provide support for early-stage developers and teams.
- 09:32Tiansheng Capital Announces Plan to Apply for Hong Kong Stablecoin LicenseAccording to Jinse Finance, Tiansheng Capital has announced plans to apply for a Hong Kong stablecoin license by establishing a digital asset trading and settlement company. The company also plans to use its stablecoin as the digital currency for art transactions and settlements, aiming to facilitate international art and cultural relic trading in Hong Kong. Tiansheng Capital intends to leverage the Hong Kong stablecoin platform as a compliant digital payment solution, focusing on cross-border trade settlement services.
- 09:22A major whale spent $5 million three hours ago to accumulate another 1,656 ETHAccording to Jinse Finance, on-chain analyst Ai Yi (@ai_9684xtpa) has monitored that whale 0xC77, after a month-long hiatus, spent $5 million three hours ago to accumulate another 1,656 ETH at an average cost of $3,018.77 per ETH. Currently, ETH has become the top asset in their portfolio.
- 09:17The Government of the Kingdom of Bhutan Deposits 100 BTC Worth $11.8 Million into an ExchangeAccording to a report by Jinse Finance, on-chain analyst Onchain Lens has monitored that the government of the Kingdom of Bhutan deposited 100 BTC, worth approximately $11.8 million, into a certain exchange. Over the past 11 days, the Bhutanese government has transferred a total of 449.3 BTC, valued at about $50.15 million, to the same exchange.