🚨Today's Crypto Hotspot Collection, Get Market Highlights in 1 Minute

1. #BTC has fallen below the 100,000 mark, and cross-market panic is spreading: BTC price has dropped below the critical 100,000 threshold, with the core reason being the S&P and Nasdaq recording their largest monthly declines, while Crypto concept stocks are also plunging, leading to panic sentiment transferring between the US stock market and the crypto market. Currently, the market lacks clear support, and it is advisable to prioritize preserving strength and patiently wait for signals of emotional stabilization.

2. GIGGLE has received dual endorsement from He Yi and Binance, leading to a short-term doubling: #GIGGLE has risen over 100% from its low, with the direct catalyst being He Yi's statement that "the token will enter a deflationary mode in the future," and Binance announcing the donation of transaction fees to support its ecosystem. The strength of this endorsement is close to the "maximum hype limit"; in the short term, caution is advised regarding the risk of a pullback after the positive news is realized, and the progress of the implementation of the deflationary mechanism should be monitored.

3. The new coin #MMT experienced a "sharp rise and fall", with hedging funds being harvested: the new coin MMT surged nearly 20 times overnight after its launch, followed by a rapid drop, currently with a market value of 2 billion USD. The severe fluctuations have led to a significant amount of hedging funds being "slaughtered", with some KOLs stating that "even the smartest investors find it difficult to grasp; it is time to consider withdrawing", reflecting that the speculation risk of new coins has reached a high level.

4. Contract giants have repeatedly failed, and ordinary investors should stay away: "The '100% winning rate whale' has already cut losses and exited, with a total loss of 39.37 million USD; the Insider Brother's address has incurred losses of nearly 5 million USD on long positions; the Maji long positions have been completely liquidated again, and after the account balance fell below 2000 U, 275,000 U was recharged to long ETH. These cases repeatedly prove that the risks of contract trading are extremely high, and it is recommended that ordinary investors only observe and refrain from participating.

5. After the ZEC official website upgrade, it returned to 434U, and whales began to withdraw: The Zcash Foundation launched a brand new official website, further strengthening the privacy financial infrastructure. After a violent pullback, #ZEC has re-established itself at 434U. However, it is important to note that the Binance perpetual fee rate has dropped to -0.14%, which indicates that some holding whales have started to take profits and withdraw, and short-term selling pressure needs to be monitored.

6. BSC ecosystem Opinion opens registration, TGE window period approaching: The BSC chain prediction market Opinion announces that it is open to all users without the need for an invitation code. Based on the current pace, the project's TGE (Token Generation Event) has entered the countdown, so if you plan to participate, you need to act quickly to avoid missing out on early interactions or subscription opportunities.

7. Stable testnet is online, proceed with caution regarding Tether-related projects: The stablecoin public chain Stable has launched its public testnet, and this project is strongly associated with Tether. Similar assets include Plasma. Considering the current market sentiment is low, it is recommended to only participate in testnet interactions to obtain potential airdrops, and do not blindly chase high prices due to "Tether endorsement" to avoid over-investing.

8. SBF's lawyer appeals claiming unfair trial, attempts to overturn conviction: The lawyer for FTX founder SBF has filed an appeal in the New York Court of Appeals, stating that the previous fraud trial against SBF was "fundamentally unfair" and is seeking to overturn his fraud conviction on that basis. There is currently no clear ruling, and if the appeal is successful, it may affect the disposition of FTX-related assets, but it is unlikely to change the current state of the FTX ecosystem in the short term, and one should rationally view the "expectation of a turnaround."

9. X Platform KOL Consensus: Cautiously Optimistic, Prioritize Capital Preservation: The majority of KOL opinions on X are converging - the current core task is to "protect capital," and the attitude should be "cautious yet optimistic." Although the market is currently in a slump, "ups and downs" are the norm in the market, and there is no need to be overly discouraged. Under the premise of controlling risks, one can focus on the mispricing opportunities of quality assets.