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SharpLink Gaming’s $463 million investment in Ethereum has positioned it as a major player in the crypto world, but the company's stock price fell sharply after the announcement, raising questions about the timing of the bet.
Amidst the $221 billion market crash, these three altcoins show potential for a bounce back. Key support levels and investor sentiment will dictate their price movements.
Steve Hanke forecasts an imminent US recession, driven by weak economic fundamentals and unpredictable policies. He calls for a policy shift to prevent further downturn.
Crypto US stocks are moving in opposite directions—Circle (CRCL) climbs toward resistance, while GLXY and RIOT struggle amid rising tensions.
Exploring the Potential Impact of ETF Staking and Security Enhancements on Ethereum's Year-End Surge
Despite a $6 billion loss in the meme coin market, Fartcoin, Animecoin, and Goatseus Maximus show signs of potential recovery. Key support levels and Bitcoin’s movements will determine their future price action.
- 17:04Polyhedra: Abnormal On-Chain Transactions Detected in ZKJ/KOGE Trading Pair Today, Team Closely MonitoringPolyhedra posted on the X platform stating that today's price drop was caused by a series of abnormal on-chain transactions in the ZKJ/KOGE trading pair within a very short period. The team is closely monitoring the situation and will share more information as soon as possible. However, it is important to emphasize that Polyhedra's fundamentals remain unaffected, and the project will continue to move forward as planned.
- 16:41Data: $236 Million in Liquidations Across the Network in the Past 24 HoursAccording to Coinglass data, liquidations across the entire network reached $236 million in the past 24 hours, with long positions accounting for $167 million and short positions for $68.3 million. Among these, Bitcoin long liquidations totaled $9.68 million, while Bitcoin short liquidations reached $18.05 million. Ethereum long liquidations amounted to $22.43 million, and Ethereum short liquidations were $16.27 million.
- 16:40Analyst: Consecutive Days of Declining Alpha Trading Volume on a Certain Exchange May Trigger Tonight’s KOGE and ZKJ Sell-offOn-chain data analyst Ai Yi (@ai_9684xtpa) published a post providing further analysis of tonight’s KOGE and ZKJ flash crash events: 1. Why dump KOGE before ZKJ? The main reason may be that ZKJ has contracts, so shorting on exchanges can be synchronized with dumping on-chain; in addition, from a liquidity perspective, ZKJ’s liquidity is relatively better, so crashing its price would require more capital. 2. Why did the dumping start at 8:30, but the K-line performance of both tokens was delayed? Both ZKJ and KOGE are known for good liquidity and stable prices, so their LP ranges are very narrow. When a large amount is dumped through this range and there isn’t enough capital to absorb the sell orders, a flash crash becomes inevitable. As LPs see the price drop, panic withdrawals occur, creating a vicious cycle that further drives the price down; as for those LPs who haven’t exited yet, they’re now stuck holding ZKJ and KOGE. 3. Why choose to dump tonight? Ai Yi speculates that the continuous decline in Alpha trading volume over several days may have been a trigger. The exit of large LPs is also a “race to the exit,” especially since there are few true believers among ZKJ and KOGE holders—most are just chasing yields. In this case, the collapse of the whole structure only needs one supporting pillar to break.