Market News: Turkey’s wealth fund bought stocks on Thursday to curb the sharp market slump.

According to market data from BIT (bit.com), US-listed crypto-related stocks rose broadly, with specific gains as follows: CRCL up 4.91%, MSTR up 5.1%, HOOD up 2.29%, BMNR up 4.52%, BNC up 9.96%, and PURR up 5.26%.

According to Lookonchain's monitoring, a trader went long on 5.14 million NEAR tokens with 10x leverage two weeks ago. The position is valued at $18.95 million, and the unrealized profit has now reached $8.9 million.

In just 2 weeks, trader 0x30af is up $8.9M on $NEAR! He opened a 10x long on 5.14M $NEAR ($18.95M) 2 weeks ago and is now sitting on an $8.9M unrealized profit.

According to HTX market data, Bitcoin has risen above $79,000, currently priced at $79,084 with a 3.75% 24-hour gain.

On-chain analyst Ai Yi (@ai_9684xtpa) monitored that trader Loracle took profits on his short positions in PONS and CASHCAT—held for over half a month—22 hours ago, generating a total profit of $2.37 million. Loracle has since reopened a short position in PONS worth roughly $330,000 and is still adding to it, with an average entry price of $0.713.

According to official announcements, on-chain perpetual futures trading platform Extended has announced its migration to Arc, as part of its strategic cooperation partnership with Circle. The two parties will collaborate across three key areas: anchoring on-chain transactions to Arc, advancing tokenization of real-world assets (RWAs), and expanding trading coverage and liquidity for spot and perpetual markets. Extended added that the pair will also drive distribution of their trading products both within and outside the crypto market, and expand product reach via primary institutional partners. Arc also boasts strong technical compatibility with Extended, featuring sub-second deterministic finalization, predictable USD-denominated gas fees, and EVM compatibility. The migration is designed to minimize disruption to users and ensure uninterrupted trading operations. Extended stated that it will release further details on the partnership, migration timeline, and implementation steps, and will notify users of any required actions ahead of the migration.