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Shitcoins Experience Widespread Sell-off, ACT Plunges Over 63% in 24 Hours

1 days ago

On April 2nd, based on HTX market data, the majority of altcoins witnessed a general decline. These include: ACT experienced a 63.05% price drop in the past 24 hours and is currently trading at $0.0699. LEVER saw a 37.71% price decline in the past 24 hours and is currently trading at $0.000507. DF had a 36.86% price drop in the past 24 hours and is currently trading at $0.04688. MASK suffered a 33.69% price drop in the past 24 hours and is currently trading at $1.364. BROCCOLI74 experienced a 31.81% price drop in the past 24 hours and is currently trading at $0.03264.
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The Melania team removed 10 million MELANIA tokens from the Meteora pool.

On April 3rd, as per Solscan data, the team address through which Melania provided one-sided liquidity: 3XKsce…pt6uKu withdrew 10 million MELANIA tokens from Meteora at 11:31 UTC+8. The current value of these tokens is approximately $5.7 million. The team address had added 20 million MELANIA tokens more than 2 months ago for one-sided liquidity sales with a price above $5.9. However, the current MELANIA price has dropped by more than 90% compared to the set one-sided price.

7 minutes ago

Yesterday's US Bitcoin Spot ETF saw a net inflow of $2.181 billion

On April 3rd, as monitored by Farside, yesterday the net inflow of the US Bitcoin spot ETF was $218.1 million. Among them, the net outflow of BlackRock's BIT was $115.9 million, the net inflow of Fidelity's FBTC was $118.8 million, and the net inflow of ARK's B was $130 million.

7 minutes ago

Yesterday, the US Ethereum Spot ETF saw a net outflow of $51.3 million

On April 3rd, as monitored by Farside. Yesterday, there was a net outflow of $51.3 million in the US Ethereum spot ETF. Among them, ETHA witnessed a net outflow of $20.2 million and ETHE had a net outflow of $31.1 million.

7 minutes ago

Shitcoin Season Index Drops to 14, Near All-Time Low

On April 3rd, as per Coinmarketcap data, the Altcoin Season Index currently stands at 14, just 1 point shy of the yearly low. The index indicates that within the past 90 days, approximately 14 projects among the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin in terms of price. Note: The CMC Cryptocurrency Altseason Index is a real-time indicator employed to evaluate whether the current cryptocurrency market is in an altcoin-dominated season. This index is based on the performance of the top 100 altcoins in relation to Bitcoin over the past 90 days.

7 minutes ago

UBS: Full Implementation of Tariffs Will Push U.S. Inflation to 5%

On April 3rd, UBS analyst Eamonn Sheridan stated that UBS had previously estimated that if the proposed tariffs were fully implemented and the import costs were passed on to consumer prices, the US inflation rate could rise to approximately 5%. The analyst thinks that if the Fed views this increase as "transitory," they will cut interest rates due to growth concerns. (FXStreet)

7 minutes ago

The U.S. House Financial Services Committee voted to pass the Stablecoin Regulation Bill

On April 3rd, the U.S. House Financial Services Committee voted and passed a significant bill governing stablecoins on Wednesday. The bill, named the "Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act," was approved by the committee with a vote of 32 in favor and 17 against on Wednesday. This bill will formulate a framework for USD-backed stablecoins, stipulating reserve and capital requirements, such as one-to-one reserve backing and anti-money laundering standards. (TheBlock)

7 minutes ago

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