Category #FOMO: Pump and Dump in POLYX (+50%)
Significant buying activity was observed starting at 11:58 Moscow time yesterday, resulting in POLYX climbing to the top of purchase volume on multiple centralized exchanges within minutes. By 16:32, the token led sales on Bybit Futures as large-scale sell-offs commenced on other platforms at peak prices. This swift sell-off resulted in a sharp decline in the tokenβs value, nearly erasing the initial gains.
#Careport π Chart
Significant buying activity was observed starting at 11:58 Moscow time yesterday, resulting in POLYX climbing to the top of purchase volume on multiple centralized exchanges within minutes. By 16:32, the token led sales on Bybit Futures as large-scale sell-offs commenced on other platforms at peak prices. This swift sell-off resulted in a sharp decline in the tokenβs value, nearly erasing the initial gains.
#Careport π Chart
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The Federal Open Market Committee (FOMC) convenes at 21:00 Moscow time, with Chairman Jerome Powell scheduled to hold a press conference at 21:30.
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The Federal Reserve's Federal Open Market Committee meeting is scheduled for 21:00 Moscow time, with Chair Jerome Powell's press conference set to follow at 21:30.
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Federal Reserve maintains interest rate at 3.75%, in line with expectations and prior level.
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BingX Crypto & Financial News
Federal Reserve maintains interest rate at 3.75%, in line with expectations and prior level.
Federal Reserve expects one rate cut this year and another next year, as inflation remains elevated. While economic activity continues to grow, prevailing uncertainties cloud the economic outlook.
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U.S. Macro Markets: Discussion on Powell β https://t.me/bingx1/2147483647
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Coinbase Adds Impossible Cloud Network (ICNT) to Listing Roadmap
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The SEC has approved a Nasdaq rule allowing the trading of tokenized stocks and securities.
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Today's Summary and Tomorrow's Events - https://t.me/bingx1/2147483647
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Evernorth submits S-4 statement to SEC to go public via merger with Armada Acquisition Corp. II on Nasdaq. - The Block
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The Algorand Foundation is cutting its staff by 25%, citing a decline in cryptocurrency markets and prevailing economic uncertainty. cointelegraph
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Polymarket has acquired Brahma, a cryptocurrency startup providing infrastructure for decentralized finance (DeFi). cointelegraph
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A previously inactive whale has moved after seven months, spending $111.62 million in USDT to acquire 50,706 ETH at an average price of $2,201 per ETH. Meanwhile, a holder of 5,000 BTC, valued at approximately $356 million, sold an additional 1,000 BTC, amounting to roughly $71.57 million, having originally purchased these coins at $332 each over a decade ago. The seller has been liquidating BTC since November 2024, completing sales of 3,500 BTC for about $337 million at an average of $96,262 per coin. In another transaction, Owen Gooden, who previously sold 11,000 BTC for around $1.12 billion, has disposed of an additional 650 BTC valued at approximately $46.3 million.
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