Binance GMT funding rate reaches -1.00%, with high bearish sentiment in the market

[Figma Releases First Earnings Report, Bitcoin Holdings Reach $91 Million but Stock Price Declines] According to Golden Finance, design collaboration software company Figma disclosed in its first earnings report since going public that its $1.6 billion cash reserves include approximately $91 million in Bitcoin holdings. CEO Dylan Field emphasized that this move is not an imitation of MicroStrategy's Michael Saylor but rather part of a diversified cash management strategy, and the company will not pivot toward crypto speculation. Despite exceeding performance expectations, Figma's stock price fell 18% on Thursday, continuing its downward trend since the IPO.

The firm eyes to benefit from the rapid growth of Ethena's digital dollar USDe, fitting into a broader trend of listed companies accumulating cryptocurrencies.

Sun is a key investor in the project and holds around $700 million worth of WLFI tokens, mostly vested.

[Federal Reserve Official Says No Reason to Cut Rates This Month] Cleveland Federal Reserve President Beth Hammack stated that inflation is still above the Fed's 2% target and continues to rise, so there is no reason to cut rates this month. She noted that businesses are facing supplier price pressures and emphasized the importance of the Fed's independence in maintaining low inflation.

The current price of ETH is $4273.53, with a drop of 4.30% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 13.87 million US dollars, with multiple orders being the main liquidation and 5.68 million US dollars (40.97%) of ETH liquidation. The data is for reference only.