Global

Bitcoin has experienced a decline of 2.6% on Monday, trading at $58,470 as of 10:41 a.m. in Singapore. The broader cryptocurrency market is under pressure as investors prepare for the Federal Reserve’s anticipated first interest rate cut in over four years.

In a notable move within the cryptocurrency space, a significant whale identified by the address 0x1E7 has recently borrowed 62,000 BNB tokens, valued at approximately $34.31 million, from the Venus protocol.

Bitcoin has experienced a notable intraday pullback, dipping 1.15% to trade at $58,450, breaking below the $59,000 mark. This decline marks the third consecutive bearish day for the leading cryptocurrency, with its value down by 3.45% over this period.

The cryptocurrency world is abuzz with excitement as Mpeppe (MPEPE), a new meme coin, rapidly gains traction and threatens to eclipse established favorites like Shiba Inu (SHIB) and Dogecoin (DOGE).

In a remarkable display of long-term investment success, an early Ethereum (ETH) investor has cashed in on their holdings after nearly 8.5 years, realizing a staggering 446-fold return.

​In a groundbreaking development for the Web3 space, stablecoin issuer Circle has announced a strategic partnership with Sony Block Solutions Labs to enhance the adoption of its USDC stablecoin on the new Soneium blockchain.