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Large-scale financing, RLUSD surpassing 1 billion, and a partnership with Mastercard—these three developments have created a positive feedback loop and may signal Ripple's transformation from the concept of a “blockchain-based SWIFT” to a revenue-driven global settlement infrastructure.
Stream Finance Implosion and Systemic Crisis
The market may have entered a mild bear market.
Bitcoin has fallen below the short-term holders’ cost basis ($112,500) to around $100,000, indicating weakened demand and the end of the bull market. The market is now in a mild bear phase, with long-term holders continuing to reduce their positions, institutional capital outflows, deleveraging in the derivatives market, and a defensive stance prevailing in the options market. Summary generated by Mars AI. This summary is produced by the Mars AI model and its accuracy and completeness are still being iteratively improved.
- 16:40Data: In the past 24 hours, total liquidations across the network reached $445 million, with long positions liquidated for $292 million and short positions for $153 million.ChainCatcher news, according to Coinglass data, in the past 24 hours, the total liquidations across the network reached $445 million, with long positions liquidated for $292 million and short positions for $153 million. Among them, bitcoin long positions were liquidated for $110 million, bitcoin short positions for $26.2031 million, ethereum long positions for $66.0579 million, and ethereum short positions for $45.7015 million. In addition, in the past 24 hours, a total of 187,013 people were liquidated globally, with the largest single liquidation occurring on Hyperliquid - BTC-USD, valued at $15.3129 million.
- 16:40U.S. stocks extend losses, Dow Jones drops 1%, Nasdaq falls 1.73%ChainCatcher news, according to Golden Ten Data, the decline in US stocks has widened, with the Dow Jones Industrial Average down 1%, the S&P 500 down 1.07%, and the Nasdaq Composite currently down 1.73%.
- 16:23Data: A whale withdrew 115 millions USDT from Aave, causing the USDT utilization rate in Aave's main market to surpass the optimal threshold of 92%.According to ChainCatcher, monitored by Lookonchain, a whale with address 0x540C has just withdrawn 114.9 million USDT from Aave, pushing the USDT utilization rate on Aave's main market up to 92.83%, which exceeds the protocol's optimal utilization threshold of 92%.