Pump and dump token ON (+110%) experienced notable trading activity yesterday. Open interest surged at 13:05 Moscow time, positioning the asset at the forefront by the following five hours and prompting a significant price increase amid active buying. Starting at 22:57, substantial sell-offs emerged, leading to a rapid decline in open interest and a corresponding decrease in price.
Careport Chart
Careport Chart
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Pump and Dump Token (ON) Gains 110% as Open Interest Peaks and Declines
The ON token experienced a sharp 110% increase, driven by a surge in open interest observed yesterday at 13:05 Moscow time. The open interest climbed to a leading position five hours later, coinciding with a substantial price rally amid active buying activity. Subsequently, at 22:57, significant sell-offs emerged, leading to a rapid decrease in open interest and a corresponding decline in the token's price.
Chart
The ON token experienced a sharp 110% increase, driven by a surge in open interest observed yesterday at 13:05 Moscow time. The open interest climbed to a leading position five hours later, coinciding with a substantial price rally amid active buying activity. Subsequently, at 22:57, significant sell-offs emerged, leading to a rapid decrease in open interest and a corresponding decline in the token's price.
Chart
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Washington State has filed a lawsuit against Kalshi, alleging that the platform offers gambling services disguised as prediction markets, in violation of state law. coindesk
Coindesk
Washington sues Kalshi as states ramp up legal pressure against prediction markets
The Washington state attorney general alleged Kalshi offers "gambling products" products dressed up as prediction markets in a lawsuit Friday.
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BingX Crypto & Financial News
The Bitcoin Strategy seeks to raise up to $42 billion to fund additional Bitcoin acquisitions.
Michael Saylor is absent today but indicated that Strategy is preparing to make BTC acquisitions ahead of its upcoming earnings report.
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BingX Crypto & Financial News
The Bitcoin Strategy seeks to raise up to $42 billion to fund additional Bitcoin acquisitions.
Michael Saylor is absent today but indicated that Strategy plans to make Bitcoin acquisitions ahead of tomorrowβs earnings release.
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Your weekend summary and tomorrow's events: https://t.me/bingx1/2147483647
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BingX Crypto & Financial News
Yesterday, net outflows from spot Bitcoin ETFs totaled approximately $225.5 million, while Ethereum ETFs experienced net outflows of around $48.5 million.
During the week of March 23 to 27, net outflows from spot Bitcoin ETFs reached approximately $296.18 million, while Ether ETFs experienced net outflows of about $206.58 million.
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BingX Crypto & Financial News
Yesterday, net outflows from spot Bitcoin ETFs totaled approximately $225.5 million, while Ethereum ETFs experienced net outflows of around $48.5 million.
During the week of March 23 to 27, spot Bitcoin ETFs experienced net outflows of approximately $296.18 million, while spot Ethereum ETFs saw net outflows of around $206.58 million.
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Keith, who owns 130,000 ETH valued at $268 million, invested $10 million to acquire an additional 5,039 ETH at a price of $1,985 each.
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BingX Crypto & Financial News
Machi Big Brother has undergone another liquidation, leaving a balance of $30,268. The trader has been liquidated 335 times, with his account tumbling from a open profit of $44.84 million to a current loss of $33.35 million.
Ethereum briefly declined below $1,940, while Bitcoin dipped below $65,000, leading to the liquidation of Machi Big Brother's holdings. Following the liquidation, the market recovered.
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BingX Crypto & Financial News
Machi Big Brother has undergone another liquidation, leaving a balance of $30,268. The trader has been liquidated 335 times, with his account tumbling from a open profit of $44.84 million to a current loss of $33.35 million.
#ETH briefly dipped below $1,940, while #BTC declined beneath $65,000, leading to the liquidation of Machi Big Brother's positions. Following the liquidation, the market recovered.
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Aster has transitioned from a linear monthly token unlock schedule to a new "staking-only emission" model, whereby tokens are distributed exclusively as staking rewards. This change will result in a substantial reduction in the monthly issuance of ASTER tokens.
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BingX Crypto & Financial News
U.S. Macro Markets: Discussion on Powell β https://t.me/bingx1/2147483647
U.S. Macro Update (this post may be updated):
- Political climate favors a cautious, wait-and-see stance;
- DKP maintains a favorable position;
- Economic conditions continue to be stable.
- Political climate favors a cautious, wait-and-see stance;
- DKP maintains a favorable position;
- Economic conditions continue to be stable.
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Approximately 11 million tokens, representing over 1% of the total supply, were burned following the launch of AmoreSZI in early March. The proceeds are allocated for ransom and further token burns. More than 5,000 users have engaged with AMORE SZI, a platform designed to address slow service issues. Updates are available on X.
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BingX Crypto & Financial News
Bitcoin appears to be entering a consolidation phase, according to a Glassnode report. The market is showing reduced activity, with traders adopting cautious positions and early signs of stabilization observed in both spot and derivatives trading.
#BTC market shifts toward neutrality, according to Glassnode report. While selling pressure has decreased and flows are stabilizing, indicating potential groundwork for recovery, sustained demand is necessary to confirm a lasting turnaround.
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Russia's government has approved a package of legislative bills aimed at legalizing digital currencies and digital rights. The regulations prohibit transactions involving digital currencies without regulated intermediaries, while allowing residents to purchase digital currencies from abroad via foreign accounts and transfer currency obtained through Russian intermediaries internationally. Digital rights issuance and utilization are now permitted on public networks, extending beyond private information system operator networks.
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Senator Lummis to Unveil Bipartisan βMining in America Actβ Targeting U.S. Bitcoin Mining Growth
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BingX Crypto & Financial News
Charles Hoskinson, CEO of Cardano, has announced that the privacy-focused Midnight blockchain is scheduled to launch next month. Coindesk Hoskinson also confirmed a partnership to integrate LayerZero into the Cardano ecosystem. Coindesk
Input Output Global (Cardano) has launched a new blockchain called Midnight, designed to facilitate the integration of real-world assets while maintaining comprehensive privacy standards.
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#market experiences volatility amid mixed economic signals
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