SOL falls below the $220 mark

[Spot Gold Breaks the $4,000 Mark, Sets a New Record] The price of spot gold has surpassed the $4,000 threshold for the first time, reaching a historic high. Since the beginning of this year, gold prices have risen by approximately $1,400, demonstrating strong upward momentum. This milestone reflects the growing demand for safe-haven assets in the market, driven by factors such as global economic uncertainty.

[PancakeSwap Chinese X Account Hacked, Beware of Malicious Links] Decentralized exchange platform PancakeSwap issued a statement on the X platform, confirming that its Chinese account @PancakeSwapzh has been hacked. Users are warned not to click on any recently posted links or interact with related posts. The official team has begun investigating and addressing the incident, and future updates will only be released through the official @PancakeSwap account. It is reported that the hacker previously used the account to promote a Meme coin called 'Sir Pancake.' The related content has now been deleted. Users are urged to remain vigilant to avoid falling victim to cyberattacks.

[Hong Kong Stablecoin Concept Stocks Generally Decline] Hong Kong stablecoin concept stocks experienced a downward trend today. Jin Yong Investment (01328.HK) fell nearly 5%, Yunfeng Financial (00376.HK) and China Renaissance Holdings (01911.HK) dropped over 4.5%, OSL Group (00863.HK) declined more than 4%, while Fourth Paradigm (06682.HK) and Bright Smart Securities & Finance (01428.HK) both fell over 3.5%.

[Japanese Central Bank Rate Hike Expectations Cool, Yen Weakens in Early Morning] Odaily Planet Daily News: Due to the continued cooling of expectations for a rate hike by the Japanese Central Bank, the yen weakened against most G10 and Asian currencies during the early morning trading session. Chris Turner from ING stated in a research report: 'In the short term, the market's focus will be on what kind of pressure the Japanese Central Bank is facing.' Currently, the market estimates the probability of a rate hike at this month's meeting to be only 20%. If the rate hike is postponed to next year or even later, it will further pressure the yen. (Jin10)

Digital Currency Group (DCG)'s subsidiary Yuma, which focuses on the field of artificial intelligence, has announced the appointment of TradeBlock co-founders Greg Schvey and Jeff Schvey as Chief Operating Officer (COO) and Chief Technology Officer (CTO), respectively. TradeBlock previously collaborated with DCG and blockchain infrastructure company Axoni. Its cryptocurrency index and data business were acquired by DCG's former media subsidiary CoinDesk in 2021 but were divested and shut down during the crypto market downturn in 2023. Yuma was established in November 2024 and specializes in providing validator, mining, and subnet services for the Bittensor network.