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US spot Bitcoin and Ethereum ETFs saw $1.69B in combined outflows this week.Bearish Sentiment Drives Massive ETF OutflowsBitcoin ETFs Lose Nearly $900MEthereum ETF Outflows Add to the Pressure
Google supports $4.6B in funding for TeraWulf and Cipher Mining to scale Bitcoin data centers.Google Deepens Bet on Bitcoin Mining with Major InvestmentsTeraWulf Secures $3B with Google and Morgan StanleyCipher Mining Partners with Google and Fluidstack
Bitcoin dominance is falling, signaling a potential bullish trend for Ethereum and other altcoins.Bitcoin Dominance Sees DeclineWhy This Is Bullish for Ethereum and AltcoinsWhat This Could Mean for the Market
Solana dips under $200 as investors await a key ETF decision that could impact market direction.What an ETF Approval Could Mean for SolanaLooking Ahead: Volatility Expected
- 14:08Market News: Hyperdrive suspected of being attacked, with losses of approximately $700,000According to ChainCatcher, Twitter user @xhanTululu has monitored that the Hyperliquid ecosystem DeFi protocol Hyperdrive is suspected to have been attacked, resulting in a loss of approximately $700,000. Currently, the project team has not yet responded.
- 13:55The Polkadot native stablecoin PUSD proposed by Gavin Wood has entered the proposal discussion stageChainCatcher News, according to official information from PolkaWorld, the native stablecoin PUSD proposed by Gavin Wood has entered the proposal discussion stage. It is reported that the basic idea is that block producer rewards do not have to be distributed in the highly volatile DOT, but can be paid in a stablecoin. Therefore, the Polkadot protocol itself (most likely on Asset Hub) will issue a new stablecoin named PUSD. This stablecoin will only use DOT as collateral, and its mechanism is similar to the HOLLAR stablecoin. Users can borrow PUSD by collateralizing DOT. However, the community believes that if the scale of this stablecoin becomes very large, it could trigger correlation risks. For example, a drop in DOT price would trigger liquidation, and liquidation would mean that the DOT in the treasury must be sold.
- 13:42XPL contract liquidations across the entire network reached $31.24 million in 24 hours, second only to ETH.ChainCatcher news, according to Coinglass data, the total liquidation volume of XPL contract trading across the network in the past 24 hours reached 31.24 million US dollars, with long positions liquidated for 14.2 million US dollars and short positions liquidated for 17.04 million US dollars. The liquidation amount was second only to ETH during the same period, which was 62.42 million US dollars.