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Hyperliquid price sees a 15% decline, with bearish signals dominating. BBTrend's positive shift may signal potential stabilization or recovery.
Share link:In this post: Cardano (ADA) continues its decline, down 8% in 24 hours, amid market correction, with user activity and TVL sharply dropping since December. The ADA price faces resistance around $1.3, now sliding toward $0.75, with further declines expected if it breaches key support levels. Technical analysts warn ADA could fall to $0.763 or lower, citing weakening RSI and bearish market sentiment.
Quick Take Synthetix has set its perpetual markets on Arbitrum to close-only mode, meaning traders can no longer open new positions or increase existing ones. The move is part of a strategic pivot by Synthetix to consolidate its operations and focus on Coinbase’s Base network.
- 14:06Fed's Mouthpiece: It's Difficult for the Fed to "Adjust" Interest Rate Cut Path Before Mid-Year"Federal Reserve mouthpiece" NickTimiraos: The strong inflation data in January undermines the rationale for the Federal Reserve to further "readjust" the interest rate cut path before mid-year.
- 13:49Slow Fog: The core reason for the zkLend attack incident is that the market contract uses the safeMath libraryRegarding the incident where zkLend was attacked and over 9 million US dollars were stolen, SlowMist published an analysis on platform X stating that the core reason for this attack lies in the safeMath library used by the market contract. When performing division calculations, it uses direct division, which leads to a rounding down flaw when calculating the actual number of zTokens that need to be destroyed during withdrawal operations. Attackers may exploit this vulnerability to illegally gain profits. SlowMist reminds users to closely monitor their asset status on zkLend and temporarily stop any recharge actions related to zkLend to avoid possible losses.
- 13:48U.S. inflation unexpectedly rose in January, supporting the Federal Reserve's slow interest rate cutsThe annual inflation rate in the United States unexpectedly rose to 3% in January, economists had predicted that the inflation rate would stabilize at the level of 2.9% from December last year. This supports the Federal Reserve's rationale for slowly advancing interest rate cuts and has hit both stock markets and government bonds. The month-on-month increase in January also exceeded expectations, reaching 0.5%, higher than the expected 0.3%. After data was released, there was a significant sell-off of government bonds and stock futures. The yield on two-year US Treasury notes closely related to interest rate expectations soared to 4.37%. Futures for both S&P500 index and NASDAQ fell by more than 1%.