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Solana price is down 10% this week but a 20% bounce could flip its structure bullish. Short-term holders are adding again while long-term selling eases, setting the stage for a possible breakout above $213 and $222 if momentum holds.
The overall crypto market is experiencing a decline, with significant price drops in bitcoin and ethereum. Altcoins are leading the downward trend, and the total liquidation amount across the network is substantial. Large investors are adjusting their positions to cope with the volatility. 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.
DraftKings has acquired the CFTC-licensed Railbird exchange, entering the prediction market sector to counter competitive threats, resulting in an 8.3% increase in its stock price. This move expands its business into states where traditional gambling is prohibited, but also faces regulatory challenges. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.
The Bitcoin market is split as a major whale doubles down with a huge short while other investors open new long positions. The battle between bulls and bears could define the next phase of Bitcoin’s volatile recovery.
HBAR faces fading investor inflows and indecisive momentum at $0.170. A push above $0.178 may revive bullish sentiment, but failure could drag prices lower.
- 11:16Benson: Trump is considering appointing him as Federal Reserve ChairmanChainCatcher news, according to Golden Ten Data, U.S. President Trump stated that he is considering appointing Bessent as the Chair of the Federal Reserve, but Bessent himself does not wish to take the position.
- 11:14Fintech startup ZAR raises $12.9 million in funding, led by a16zJinse Finance reported that venture capital giant Andreessen Horowitz (a16z) led a $12.9 million financing round to support fintech startup ZAR in promoting a US dollar-backed stablecoin in Pakistan. Dragonfly Capital, VanEck Ventures, an undisclosed exchange, and Endeavor Catalyst also participated in this round. ZAR innovatively distributes stablecoins through local convenience stores, kiosks, and remittance agent outlets. Users can simply scan a QR code at participating stores to exchange cash for stablecoins stored in a mobile wallet, which is connected to a globally usable Visa card. This model specifically targets over 100 million unbanked adults in Pakistan, requiring no understanding of blockchain or crypto technology from users.
- 10:56"Machi Big Brother" deposits 220,000 USDC into Hyperliquid to increase long positions in ETH and HYPEAccording to Jinse Finance, on-chain analytics platform Lookonchain has monitored that "Brother Machi" has deposited an additional 220,000 USDC into Hyperliquid to increase his long positions in ETH and HYPE. The current holdings are: 3,300 ETH (approximately $13.58 million) and 101,000 HYPE (approximately $4.78 million).