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The first SUI ETF is listed, an SEC meeting reveals regulatory disagreements, bitcoin price drops due to employment data, US debt surpasses 30 trillions, and the IMF warns of stablecoin risks. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively improved.
On its first day of trading, the "first domestic GPU stock" saw an intraday peak increase of 502.03%, with its total market value once exceeding 300 billions RMB. Market analysis shows that a single lot (500 shares) could earn up to 286,900 RMB at the highest point.
On one hand, Vanguard Group has opened trading for Bitcoin ETFs, while on the other, CoinShares has withdrawn its applications for XRP, Solana Staking, and Litecoin ETFs, highlighting a significant divergence in institutional attitudes towards ETFs for different cryptocurrencies.
In Brief The crypto market shows signs of activity ahead of the Fed meeting. Ethereum's strong performance is sparking widespread interest. ARB Coin shows potential with consistent TVL growth.
- 07:16An exchange: Indian investors are turning their attention beyond Bitcoin, with Layer-1 tokens being the most popular.According to ChainCatcher, citing a report from Cointelegraph, a local Indian cryptocurrency exchange stated in a survey released on Thursday that Indian crypto investors now hold an average of 5 tokens per portfolio, up from around 2-3 in 2022. Among them, Layer-1 tokens are the most popular category, chosen by 43.3% of respondents. The exchange described this as “a clear indicator of research-driven diversification rather than single-asset speculation.” Bitcoin follows closely, accounting for 26.5%, while meme coins represent 11.8% of investor preferences.
- 07:08Clanker platform's first token launch faces sniping, community feedback calls it a "disaster"Jinse Finance reported that Dan Romero, founder of Farcaster, announced that Clanker's first presale project, House, sold out within 30 seconds. Screenshots show that the hard cap for this presale was only 20 ETH. However, the community has described this presale as a "disaster" because Clanker used an old version of the presale contract that was released earlier this year. As a result, a whale was able to snipe the presale and acquire 16 ETH (80%) of the allocation. In addition, there was no limit on the participation amount per wallet, which was a major reason for the presale allocation being monopolized by a few. In response to this incident, Dan Romero stated that the sniping address will only be able to claim tokens after 7 days, and promised that the next presale will adopt a permissioned system to ensure fairness. At the time of writing, HOUSE has a market cap of $1 million, a trading volume of only $1.8 million, and 682 token holding addresses.
- 07:00Rainbow Foundation will announce the TGE date early next week.ChainCatcher reports, the crypto wallet Rainbow Foundation will announce the TGE date early next week. In addition, upon token issuance, the Rainbow Foundation will become the largest single shareholder of Rainbow company, holding 20% of the company's equity. Token holders and shareholders will be able to share the same benefits. If Rainbow is acquired in the future, the foundation will be gradually dissolved, and its net assets (including the proceeds from its 20% equity holding) will be distributed to token holders.