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In Brief Crypto market sees abrupt sell-off, with altcoins severely affected. Bitcoin shows relative strength, boosting its market share. Investors adopt cautious strategies, watching key indicators closely.
In Brief Hyperliquid's HIP-3 upgrade enables developers to launch perpetual futures markets. HYPE token's value has surged, enhancing its market impact and interest. Recent substantial liquidations underline the volatile crypto environment and potential challenges.
In Brief SNX coin surged over 120%, reaching above $2.20, in a significant market rally. The rally stems from upcoming Ethereum mainnet launches and trading competitions. "Dino coins" like SNX could regain prominence in upcoming financial cycles.
- 16:42Pyth Network partners with Kalshi to enable on-chain circulation of prediction market dataForesight News reported that Pyth Network has announced a partnership with the US-regulated event trading platform Kalshi to bring prediction market data to more than 100 blockchain networks.
- 16:11Europe’s largest asset management company Amundi to launch Bitcoin ETF in EuropeChainCatcher news, according to The Big Whale, Europe's largest asset management company Amundi, which manages assets of over $2 trillion, will launch a bitcoin ETF in Europe.
- 16:10Citibank plans to launch crypto asset custody services next yearChainCatcher news, according to CNBC, Citibank is planning to launch crypto asset custody services in 2026, as stated by a senior executive of the bank in an interview. As Wall Street giants continue to expand their presence in the digital currency sector, Citibank's move demonstrates that traditional financial institutions are accelerating their entry into this field. Biswarup Chatterjee, Global Head of Partnerships and Innovation for Citi Services, stated that the bank has been developing crypto custody services over the past two to three years and has now made substantial progress. Chatterjee said: "We are exploring on multiple fronts. We hope to launch a trusted custody solution for our asset management clients and other institutional clients within the next few quarters."