U.S. publicly traded company Davis Commodities has indicated its intention to evaluate the establishment of a SOL strategic reserve.
On July 13th, as per Globenewswire, the Singapore-based global agricultural trading company Davis Commodities (with Nasdaq stock code: DTCK) disclosed today its intention to assess the establishment of a SOL strategic reserve as part of its broader digital innovation and fund diversification plan. DTCK is currently evaluating the viability of the following actions:
Fund Diversification: Looking at allocating 5-10% of excess funds to Solana, contingent upon internal risk assessment and compliance review;
Commodity Tokenization Integration: Investigating the utilization of SOL as a utility asset in pilot projects related to tokenized ESG-certified agricultural trade and carbon credit-linked settlements;
Infrastructure Partnership: Conducting preliminary discussions with blockchain infrastructure providers to evaluate stablecoin interoperability and on-chain settlement capabilities.
10 minutes ago
24-Hour Spot Funding Flow Leaderboard: XRP Net Outflow of $141 Million, BONK Net Inflow of $8.83 Million
On July 13th, based on Coinglass data, the top net inflows of funds in the past 24 hours for cryptocurrency spot trading are as follows:
- The net inflow of BONK is $8.83 million.
- The net inflow of TON is $4.07 million.
- The net inflow of ZRC is $1.36 million.
- The net inflow of COMP is $1.33 million.
- The net inflow of BNSOL is $0.78 million.
The top net outflows of funds for cryptocurrency spot trading are as follows:
- The net outflow of BTC is $194 million.
- The net outflow of XRP is $141 million.
- The net outflow of ETH is $98.63 million.
- The net outflow of KNC is $67.10 million.
- The net outflow of DOGE is $35.30 million.
10 minutes ago
A trader went long on PUMP and made a profit of over $1.5 million, starting to take profits as the price broke through $0.007.
On July 13th, as per the monitoring of LookOnChain, a trader has achieved a profit of more than $1.5 million through going long on PUMP. Trader 0x6b78 opened a 3x leveraged long position in PUMP one day ago and began to take profits when the price broke through $0.007.
Up to now, the trader has closed 70.55 million PUMP tokens (valued at $503,000), realizing a profit of $122,000. The trader still holds a long position of 1.39 billion PUMP tokens (valued at $8.9 million), with an unrealized gain of $1.39 million.
10 minutes ago
Binance Alpha yesterday reported a trading volume of $409 million, with BR, KOGE, and OIK ranking in the top three.
On July 13th, based on the @pandajackson42 data panel, Binance's Alpha trading volume reached $409 million on July 12th and still remained at a relatively low level. Among them, BR had a trading volume of $198 million, KOGE had a trading volume of $97.52 million, and OIK had a trading volume of $20.35 million, ranking at the forefront.
10 minutes ago
Hong Kong Treasury Bureau's James Lau: Only a small number of stablecoin licenses will be issued in the first phase
July 13th: Eddie Yue, the Chief Executive of the Hong Kong Monetary Authority, stated in an interview that only a small number of licenses for stablecoins would be issued in the first stage. Regarding whether a RMB-based stablecoin could be issued, Yue mentioned that there are no restrictions on the pegged currency; however, if it involves currencies from other regions, it may be necessary to consult with relevant institutions.
Yue emphasized that the government will take the lead in promoting the applications of stablecoins, especially focusing on cross-border payment scenarios to assist developing countries in coping with currency devaluation and financial system risks. He also disclosed that Hong Kong will promote the tokenization of financial assets in the future. After green bonds, the next step is expected to extend to the trading of Exchange-Traded Funds (ETFs), and he believes that commodity trading, such as metals, can also be explored for tokenized payments.
10 minutes ago
BONK Token Continues Its Bull Run, Price Surges Over 72.5% in the Last 24 Hours to Hit an All-Time High
On July 13th, according to GMGN data, BONK-related tokens maintained their upward trend. They include:
BONK increased by over 13.86% in the past 24 hours, with a market capitalization exceeding $2.2 billion.
The Bonk ecosystem development protocol Graphite's token GP rose by over 72.5% in the past 24 hours, reaching a market capitalization exceeding $1.33 billion and hitting a historical high. The 24-hour trading volume was $9.1 million.
The flagship Meme coin of LetsBONK, USELESS, saw a 11.24% increase in the past 24 hours. It currently has a market capitalization of $2.8 billion and a 24-hour trading volume of $31.4 million.
The eponymous Meme coin of LetsBONK, LetsBONK, surged by 33.96% in the past 24 hours, with a market capitalization exceeding $10 million and a 24-hour trading volume of $1.7 million.
BlockBeats reminds users that many Meme coins lack practical use cases and experience significant price volatility. Therefore, investment should be approached with caution.
10 minutes ago
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