One week's beautiful article introduces the most noteworthy hot articles in the past week to help investors deeply understand the market dynamics.
1.New Proposal Wants To Burn 80% Of Dogechain (DC) Supply, Community Responds
Dogechain (DC) has been incredibly popular among the meme coin community which has welcomed it with open arms. The native token has also done well considering that it launched during a bear market but the crypto winter has eventually caught up with it, as expected. Given this, Dogechain developers have proposed a drastic reduction in the supply of the digital asset, and the community has come out in full support of them.
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2.Aptos—Questions, Clarifications, and Data
This week, we focus on the following events: 1) Aptos Debuts Its Blockchain, Putting Millions in VC Dollars to the Test; 2) Crypto Asset Manager Valkyrie Lost the Biggest Investor in Its $11M Funding Round; 3) Liz Truss Steps Down as UK Prime Minister.
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3.SHIB Burn Rate Suddenly Jumps 1,494%, Here's Likely Explanation
SHIB burn rate soars nearly 1,500%
147.5 million burned in past week
Here's possible factor behind increased burn rate
Per data provided by the Shibburn website, which tracks all SHIB burn transactions, the burn rate of this meme coin has spiked significantly over the past 24 hours. Most likely the growth was due to this factor.
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4.Short positions were exploded, with 32000 BTCs
Due to the frequent horizontal adjustment of BTC in the early stage, the short contract positions were largely concentrated in the price range of $21000 to $19000. Therefore, even if BTC's short-term rise is not high, it still causes a large number of short positions to explode.
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5. Big Day For Bitcoin As Investors Eye ECB And US GDP Numbers
The Bitcoin price has woken up from its Snow White slumber over the past two days. As NewsBTC reported, the price rally started shortly after the Dollar Index (DXY) showed weakness and suffered a sharp setback.
