Crypto Market Update: Ethereum Burn Rate, Polymarket’s $50M Raise, and Celestia’s TIA Surge
Disclaimer: This post is for informational purposes only. It is not financial or investment advice. Always do your research before making any investment decisions.
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While some are worried about Ethereum’s future, there’s something quietly happening that ETH holders might want to note—Ethereum’s burn rate is steadily increasing. While not making headlines, this could be a key factor in the long-term play for ETH.
Here’s a quick breakdown of today’s top crypto developments:
1. Polymarket’s $50M Raise: Polymarket is eyeing a $50M funding round and possibly launching a token. Early investors are getting token warrants, a promising move for potential token holders.
2. Celestia's TIA Token Surge: Celestia just secured $100M in investment, sending its native TIA token soaring by 17.5%. This could mark the start of a sustained rally.
3. Hong Kong Expands Digital Dollar Pilot: The Hong Kong Monetary Authority is expanding its e-HKD+ pilot with 21 financial institutions. This sandbox environment will test settlement of tokenized assets, programmability, and offline payments.
4. GOP Takes on SEC: Over 40 Republicans are challenging the SEC's crypto custody rule, led by key figures like Patrick McHenry and Senator Cynthia Lummis. The rule treats crypto custody as a liability, sparking heated debate about the future of financial innovation in the U.S.
5. Chinese Bitcoin Miners Remain Dominant: Despite the ban, Chinese Bitcoin miners continue to hold a significant market share. How is this happening?
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Market Overview:
Global Market Cap: $2.23T (+0.49% in 24h)
24H Market Volume: $68.72B (-4.2% in 24h)
Bitcoin Dominance: 56.25% (-0.17% in 24h)
Fear & Greed Index: 51 (Neutral)
Stay tuned for more updates as the market evolves!
#NeiroOnBinance #BTCReboundsAfterFOMC #CATIonBinance #USRetailSalesRise #FTXSolanaRedemption
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Cointurk News
