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  • 12:47
    Analysis: BONK Price Drops 6%, but Ecosystem Growth Supports Long-Term Outlook
    According to ChainCatcher, citing a report from CoinDesk, the price of BONK tokens has dropped by 6% in the past 24 hours and is now trading at $0.00002161. Despite short-term selling pressure, the related ecosystem platform Bonk.fun has captured a 55% market share of token issuance on the Solana chain, with a daily trading volume reaching $539 million. The platform continues to operate a mechanism that repurchases and burns BONK tokens using transaction fees. Analysts note that the $0.000021–$0.000022 range has established a new price support level, while resistance at $0.000022–$0.0000222 remains firm.
  • 12:38
    A Certain Exchange and Backed Plan to Expand xStocks Support to BNB Chain
    Odaily Planet Daily reports that a certain exchange and Backed are expanding xStocks support to BNB Chain, enabling users to trade tokenized US stocks as BEP-20 tokens. Both institutions stated that there is a growing community demand for composable on-chain stock markets, and it is expected that in the coming weeks, eligible non-US customers of the exchange will be able to access related services via BNB Chain. (The Block)
  • 12:23
    Velvet Capital Raises $3.7 Million in Funding Led by YZi Labs and Blockchain Founders Fund
    According to a report by Jinse Finance, as cited by Cointelegraph, Velvet Capital has announced the completion of a $3.7 million funding round to launch its intent-driven DeFAI trading and portfolio management ecosystem. The round was led by YZi Labs and Blockchain Founders Fund, with participation from FunFair Ventures, Selini Capital, Cointelegraph Accelerator, and several other institutions. Previous reports indicated that a certain exchange wallet listed Velvet (VELVET) TGE on July 10.
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