Plasma to Launch Global Neobank, Plasma One

PayPal is investing in Stable, a Layer 1 platform focused on stablecoins.

Ripple announces the upcoming launch of its own lending protocol on XRPL, with plans to integrate zero-knowledge proofs (ZKP) to enhance privacy and accountability.

The overall market structure for Bitcoin suggests a "buy on rumors, sell on the news" pattern, especially following the Federal Reserve's rate cut. Data from Glassnode indicates a slowdown in spot transfer flows, a notable shift toward short positions in futures contracts, and a decline in ETF demand, all of which are exerting downward pressure on prices. Although profitability and trading activity remain positive, there is growing concern that ongoing demand might be insufficient to counteract selling pressures, increasing the risk of a further price decline.

Glassnode reports that Bitcoin's market structure is exhibiting a "buy on rumors, sell on the news" pattern following the Federal Reserve's rate cut. Indicators including reduced spot transfer flows, increased short positions in futures, and declining ETF demand are exerting downward pressure. Despite overall profitability and activity remaining positive, there is potential for further declines if demand fails to recover and counteract selling momentum.

Santiment reports that the frequency of mentions of “Buy on the Dip” has reached its highest in 25 days. Analysts note that a meaningful price rebound will likely require sustained periods where long positions outpace short positions. Major Bitcoin holders continue to increase their holdings, and the decrease in Bitcoin available on exchanges, ongoing for the past four weeks, persists.

LayerZero Foundation has redeemed 50 million ZRO from its early investors.

Tether issues $1 billion worth of USDT, bringing its total token supply to a new high.

Aster offers a 5% discount on transaction fees for Aster tokens when used for indefinite contracts.

NVIDIA plans to invest as much as $100 billion in OpenAI.

UXLINK experiences a 40% decrease during significant sales that commenced at 18:10 Moscow time, with the token leading in trading volume across all centralized exchanges.

Cyvers reported that stops totaling $11.3 million were executed for UXLINK. An additional 10 million UXLINK tokens, valued at approximately $3 million, were sold.

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U.S. Based Canary Reports HBAR ETF Launch, Highlights 1.95% Commission Fee

UXLINK revealed security vulnerabilities in their multi-signature wallet, leading to unauthorized transfers of a substantial amount of crypto assets to various centralized and decentralized exchanges.

The Necmphadial Rainbow wallet plans to launch its own RNBW token by the end of the year.

BSC has overtaken Solana (SOL) in daily fee revenue for three consecutive days.

SOLANA Launchpads Volume Declines 34.5% Over Past Week

US lawmakers urge SEC to implement Trump executive order enabling cryptocurrencies to access $12.5 trillion pension market.

Today's Summary and Tomorrow's Events — https://t.me/bingx1/2147483647

The 21Shares SOL and DOGE ETFs, alongside the Bitwise Sol ETF, have been registered with DTCC.

Upbit announces Uxlink classified as a cautionary stock for trading. For details, visit upbit.

Jim Cramer expressed a desire to see a pause in the ongoing surge of cryptocurrencies.