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Base saw a significant increase in total value locked (TVL), reaching nearly $1 billion. The TVL has doubled from the amount recorded at the beginning of March, which was $470 million. Nearly half of Base’s TVL is attributed to Aerodrome, contributing $424 million.
Bitcoin retook $70,000 Monday for the first time in about 10 days while Coinbase, MicroStrategy stocks surge
Quick Take Fantom Foundation is preparing to launch Sonic, its next iteration after Opera. Sonic aims to process 2,000 transactions per second with sub-second finality and is expected to debut in late summer or early fall. It is planned to serve as a shared sequencer for Layer 1 and Layer 2 chains, aiming to process large volume of transactions.
- 11:16Bitget has launched the U-denominated 1MCHEEMS perpetual contract, with a leverage range of 1-20 timesAccording to the official announcement, Bitget has announced that it has launched a U-denominated 1MCHEEMS perpetual contract, with a maximum leverage of 20 times. Contract strategy trading will also be opened simultaneously.
- 11:03Analyst: Bitcoin encounters a $100,000 resistance, market focus shifts to Ethereum and other altcoinsAccording to the latest report released by QCP, the crypto market fell yesterday, with over 100 million USD worth of BTC and ETH positions being liquidated on major exchanges. However, both are still stably operating above key support levels of 95,000 USD and 3,200 USD respectively. Despite a pullback over the weekend, forward volatility remains high. The market expects BTC to possibly maintain range-bound fluctuations before December while short-term focus shifts towards ETH. The risk reversal indicator for ETH shows a higher demand for short-term bullish options whereas demand for bullish BTC options is concentrated after December 27th, 2024. This could potentially be related to Trump's supportive policies towards cryptocurrencies which are expected to take effect next year. Recently, BTC's market share has dropped from 62% to 59%, reflecting a possible trend of funds gradually shifting from BTC towards ETH and other altcoins. In addition, Michael Saylor hinted today at possibly increasing his holdings in BTC. Market attention is focused on whether MicroStrategy's new round of purchases will push BTC past the $100K mark; if achieved this could further increase Bitcoin’s value while impacting altcoins in the short term.
- 11:00ETH breaks through 3500 US dollarsThe market shows that ETH has broken through $3500, currently quoted at $3499, with a 24-hour increase of 3.7%. The market fluctuates greatly, please manage your risk well.
