ALPACA briefly dropped below $0.085, marking a more than 55% decrease in the last 24 hours.

On April 29th, as per Cointelegraph, with Bitcoin on the rise, Short-Term Holders (STHs) are re-entering the market, indicating the entry of "speculative capital." Glassnode shows a significant increase in Bitcoin's "hot capital." As the BTC price hovers at multi-month highs, new investors are joining the market. Glassnode points out that the amount of Bitcoin transferred in the past week has reached the highest level since early February. This metric reflects the activity of short-term holders and serves as a reference for measuring the entry of speculative capital into the market. In just the past week, "hot capital" has grown by more than 90% and is approaching $400 billion. Since the local low point at the end of March, "hot capital" has increased by a total of $21.5 billion, highlighting this "surge in capital turnover" that underscores the change in market sentiment.

Update, April 29th. Binance Wallet responded to a user's query regarding failed Alpha token trades on social media. It stated, "The KMNO token trades have a relatively higher failure rate due to factors related to the underlying DEX. This problem needs to be addressed by the underlying DEX. We have already had communication with the underlying DEX, and they have recognized the issue. We will keep monitoring and make efforts to optimize this issue."

On April 29th, as per Fortune magazine, the crypto company Unto Labs, founded by a former employee of Crypto Jump, has successfully completed a financing round of $14.4 million. This round was led by Framework Ventures and Electric Capital, and the company is valued at $1.4 billion. Heeger is developing his own virtual machine, ThruVM, for the planned Unto blockchain, which will utilize RISC-V. Unto Labs will utilize this round of financing to recruit more employees, aiming to expand the team from 5 people to 10 people by the end of the year. Liam Heeger previously served as a core engineer at Jump Crypto for two years and was involved in developing the company's flagship product, Firedancer (a computer system connected to the Solana blockchain). In January of this year, Heeger left to start his own business and immediately faced a lawsuit from his former employer, who accused him of establishing a "competitive business." Now, after reaching a settlement, Heeger has announced his new

On April 29th, based on Coinglass data, if Bitcoin manages to break through $96,000, the cumulative short liquidation intensity on mainstream CEX will amount to $1.143 billion. Conversely, if Bitcoin drops below $94,000, the cumulative long liquidation intensity on mainstream CEX will reach $659 million. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring liquidation clusters, that is, intensity. Therefore, the liquidation chart illustrates the extent to which reaching a certain price level will be impacted. A higher "liquidation bar" indicates that when the price reaches that level, it will experience a more intense reaction due to a liquidity cascade.

On April 29th, the Eigen Foundation disclosed its 2025 Community Funding Strategy. It will allocate 40 million EIGEN tokens and distribute the funding quarterly to boost the development of the ecosystem. Previously, the Eigen Foundation had set aside 15% of the initial total supply for the EigenLayer community plan, including incentive programs and grants for users, developers, and community contributors. The Eigen Foundation will be in charge of deploying these grants to the EigenLayer community.

On April 29th, as reported by The National, Eric Trump disclosed that the Trump Organization announced a $1 billion investment in Dubai for the construction of a Trump-branded hotel and residences. This project will accept cryptocurrency payments and will feature a $20.4 million penthouse along with other luxury apartments. It is anticipated that the project will be completed within five years.