- Market Overview: Expectations for future rate cuts have been dampened, leading to a pullback in risk assets. Bitcoin dropped to a low of $105,312, with a single-day decline exceeding 2.5%, and may test the $100,000 level. Ethereum is also in a corrective phase, showing low volatility, with price and market sentiment leaning bearish. Overall altcoin market sentiment remains weak, with the Altseason Index falling to 25.
- Hot Tokens: The privacy coin sector rose roughly 15%, led by Decred, which gained 68.28% in 24 hours. Unite’s governance proposal alleviated short-term selling pressure and reinforced long-term growth orientation, pushing UNITE up 146.18% in 24 hours. BTRST surged 78.96% in 24 hours, fueled by social media-driven speculation linking it to the “AI + Web3” narrative.
- Alpha Insights: FTSE Russell announced a partnership with Chainlink to bring its indices and market data on-chain, signaling a shift of traditional financial benchmark data toward on-chain availability. Balancer and several of its forks were exploited in an attack, resulting in losses exceeding $120 million, raising major security concerns in the DeFi ecosystem. Donut Labs completed a $15 million seed funding round, advancing the evolution of crypto user interfaces from traditional wallet/exchange models toward “smart browser as a trading terminal.”
Discover more details today → Gate Research: FTSE Russell partners with Chainlink to bring data on-chain｜Donut Labs completes $15M funding round
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