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Aster is regaining strength after reclaiming $2, with bullish indicators supporting its rally. A breakout above $2.24 could set a new all-time high.
In the future, many applications will have both financial and non-financial components. Decentralized social platforms are similar—they started as non-financial, but now many platforms are experimenting with financial features. Although 90% may fail within five years, the remaining 10% could be very interesting.
Quick Take Summary is AI generated, newsroom reviewed. BlackRock and Fidelity invested $212.3M in Ethereum. Institutional support may stabilize the crypto market. Ethereum’s smart contracts and upgrades attract big investors. More firms joining could drive wider crypto growth.References BLACKROCK AND FIDELITY PUMPED $212.3M INTO #ETHEREUM!
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Pi Coin shows its first recovery signs since the 47% crash. Rising inflows and bullish signals may fuel a rebound if $0.256 support holds.
- 12:15Anza Chief Economist Max Resnick: SOL trading volume on the Solana network is already three times that of a certain exchange, with competition extremely intense.ChainCatcher reported that Max Resnick, Chief Economist at Solana research and development company Anza, stated at the Solana Breakpoint conference, "We reached 100,000 TPS in May. Not on a testnet, not in a whitepaper, but on mainnet. The market structure is also evolving in real time: proprietary market makers are tightening spreads, and now the SOL-USD trading volume is already three times that of a certain exchange. Competition is extremely intense, and the order book is getting tighter and deeper every day."
- 12:11On-chain capital allocation platform Keel launches $500 million investment plan for SolanaJinse Finance reported that Keel, a capital allocation platform on the Sky ecosystem chain, has announced the launch of a $500 million investment plan aimed at attracting real-world assets (RWA) to the Solana network. The initiative, called the "Tokenization Regatta," was announced at the Solana Breakpoint conference in Abu Dhabi. Its goal is to attract tokenized asset issuers through a competitive process. Selected projects will receive direct funding and support to issue risk-weighted assets (RWA) such as debt, credit, or funds on the Solana platform.
- 12:11US AI companies face power pressure, driving up operating costsJinse Finance reported that Benjamin Melman, Chief Investment Officer at asset management company Edmond de Rothschild, pointed out that American artificial intelligence companies are facing fierce competition in terms of electricity costs. He stated that the current electricity production capacity in the United States is insufficient to meet the ever-growing demand from AI companies, and electricity prices are significantly higher compared to other countries. "There is fierce competition regarding electricity costs in the United States, which will drive up the operating costs of AI."