At the opening of the US stock market, the Nasdaq fell more than 44 points
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The US stock market opened lower, with the Dow Jones Industrial Average falling 10 points, the Nasdaq falling 44 points, and the S&P 500 index falling 0.23%.
[A Whale Deposited 2,810 ETH and 204,500 LINK to Binance]
According to Arkham monitoring, approximately 11 minutes ago, a whale deposited 2,810 ETH, worth about $9.04 million, to Binance. Subsequently, the whale also deposited 204,504 LINK, worth about $2.8 million, to Binance, with a total value exceeding $11.8 million.
The bitcoin treasury company's perpetual preferred equity, STRC, hit $100 for the first time since early November.
What to know : Stretch (STRC), the perpetual preferred equity issued by bitcoin treasury company Strategy (MSTR) reclaimed its $100 par value in pre-market trading on Wednesday. At that level, Strategy may sell more of the stock through at-the-market offerings to fund further BTC purchases. STRC, which pays an 11% dividend, last traded at par between Nov. 4 and Nov. 13.
[Whale Increases BTC Long Position to 1,700 Coins with $600,000 Unrealized Loss]
On-chain analysis shows that a whale, who previously profited $96.67 million through ETH swing trading, has gradually increased their position. Currently, their BTC long position has grown to 1,700 coins, with a total value of approximately $156 million. The entry price is $92,580, and the liquidation price is $84,526. At present, the unrealized loss is about $600,000.
[Moody's Report States Stablecoins Will Become Core Market Infrastructure]
In its latest cross-sector outlook report, Moody's pointed out that stablecoins are transitioning from crypto-native tools to core infrastructure for institutional markets. It is estimated that by 2025, stablecoin settlement volume will grow by approximately 87% compared to the previous year, reaching $9 trillion. The report states that fiat-collateralized stablecoins and tokenized deposits have become 'digital cash' used for liquidity management, collateral transfers, and settlements within the tokenized financial system. Moody's places stablecoins alongside tokenized bonds, funds, and credit products, viewing them as part of the convergence between traditional and digital finance. It also predicts that by 2030, related infrastructure development will attract over $300 billion in investment. The report emphasizes that for stablecoins to become reliable institutional settlement assets, they must meet clear standards in terms of security, interoperability, and regulatory governance.
[AppWorks Fund IV Completes $165 Million Fundraising, Focusing on AI and Web3 Startups]
Venture capital firm AppWorks announced that its fourth fund, Fund IV, has completed a $165 million fundraising, bringing its total fundraising amount to $386 million. The new funds will focus on investing in startups in the fields of artificial intelligence, Web3, and the digital economy in the Asian market. AppWorks has already invested in several Web3 startups, including Almanak, Tally, SignalPlus, Blokid, and Fetcch.