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The well-known decentralized application data platform DappRadar has announced the cessation of operations due to financial unsustainability and issues with its business model. The price of its token, RADAR, has plummeted, and the decline in the GameFi and NFT industries has led to a sharp decrease in revenue. Summary generated by Mars AI This summary was generated by the Mars AI model; the accuracy and completeness of its content are still being iteratively improved.
Quick Take Bitwise’s spot XRP ETF will start trading on Thursday under ticker XRP. There have been a rush of new altcoin ETFs in the U.S. market since the SEC updated its guidance clarifying procedures for firms seeking to roll out crypto ETFs.
Quick Take William Lonergan Hill was sentenced on Wednesday in the U.S. District Court for the Southern District of New York about two weeks after the sentencing of his former colleague Keonne Rodriguez. The pair pleaded guilty in July after initially denying the charges last year.
Quick Take World Liberty said it froze some user accounts in September following third-party security lapses and is beginning to reallocate funds to secure wallets. Earlier this week, Sens. Elizabeth Warren and Jack Reed reportedly asked the Justice and Treasury Departments to investigate alleged WLF token sales to sanctioned entities, citing Accountable.US research.
Bitcoin has slipped below key cost-basis models as spot demand and ETF flows weaken. Derivatives mirror this softness, with falling open interest, cycle-low funding, and options repricing sharply for downside. Rising IV and heavy put demand show the market rotating into protection.
- 21:33Canadian billionaire Frank Giustra criticizes Michael Saylor's bitcoin reserve strategyJinse Finance reported that Canadian billionaire Frank Giustra harshly criticized Michael Saylor's suggestion to sell gold in exchange for bitcoin, calling it naive, overly simplistic, and dangerous. Giustra pointed out that over the past 15 years, emerging economies such as China and India have been actively accumulating gold, which makes gold more resilient and globally supported than Saylor believes.
- 20:46The total on-chain holdings of US spot Bitcoin ETFs have surpassed 1.32 million BTC.According to Jinse Finance, Dune data shows that the total on-chain holdings of US spot bitcoin ETFs have surpassed 1.3 million BTC, currently reaching approximately 1.321 million BTC, accounting for 6.62% of the current BTC supply. The on-chain holding value has reached about $134.2 billion.
- 20:37Data: Multiple tokens experience a surge followed by a pullback, DEXE hits a new low todayAccording to ChainCatcher, spot market data from a certain exchange shows significant market fluctuations. OM has dropped 6.39% in the past 24 hours, PIVX has fallen by 8.72%, and DEXE hit a new low today with a decline of 8.51%. In addition, SANTOS has fallen 6.51% in the past 24 hours, API3 is down 8.14%, ARK has dropped 7.45%, and NTRN has fallen 12.21%. On the other hand, ALCX has risen 8.77% in the past 24 hours, showing a rebound after hitting a low.