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HBAR attempts recovery after a sharp 40% drop, with RSI and Ichimoku Cloud showing mixed signals. Will bullish momentum return soon?
Bitcoin traders are not slamming the buy button, but most of their concerns are connected to macroeconomic conditions.
Fartcoin has surged 31%, breaking through a key bearish trendline. Strong open interest signals the potential for continued growth, and unless profit-taking sets in, it will target $1.05.
A Cardano spot exchange-traded fund could be on the horizon following the NYSE’s filing to propose such a product.Cardano (ADA) is the ninth largest crypto with a market cap of over $25 billion, according to The Block’s price data.
Bloomberg ETF Analysts James Seyffart and Eric Balchunas view recent filings for exchange-trade products which track top cryptocurrencies XRP, solana, dogecoin and litecoin as having “high odds” of securing the necessary approvals.Leading in terms of their likelihood of gaining approval, the analysts estimate that Litecoin ETFs have a 90% chance of approval, followed by Dogecoin products, which possess a 75% chance.
- 11:32East Money: Subsidiary Hafu Securities Approved by Hong Kong SFC to Offer Virtual Asset Trading ServicesAccording to ChainCatcher, as reported by CLS, East Money stated on its interactive platform that its subsidiary, Hafu Securities, holds Type 1 (securities trading), Type 4 (advising on securities), Type 7 (providing automated trading services), and Type 9 (asset management) business licenses. Hafu Securities was approved by the Hong Kong Securities and Futures Commission in June 2024 to offer virtual asset trading services through an integrated account arrangement.
- 11:32Kenya MICDE Cabinet Secretary: Kenya Will Continue to Vigorously Promote the Development of Digital AssetsAccording to ChainCatcher, Hon. William Kabogo, Cabinet Secretary of Kenya's Ministry of Information, Communications and the Digital Economy (MICDE), stated on the X platform that Kenya will continue to vigorously promote the development of digital assets. He noted that Kenya's approach remains prudent, supporting innovation and financial inclusion while prioritizing public safety and sound regulation. The policies currently being formulated aim to balance opportunities with robust oversight.
- 11:28Data: Yesterday Marked the Largest Crypto Short Liquidation Day in Four YearsOdaily Planet Daily reported that CoinGlass data shows the crypto market experienced the largest short liquidation in four years yesterday. The current sharp market rally has triggered mass liquidations of short positions, making it the most severe day for short liquidations since 2020.