Bitcoin and Ethereum Volumes Fall as TRUMP Gains; MegaETH Sale Hits $628M

Crypto markets saw BTC and ETH volume drops, TRUMP token gains, and MegaETH’s $1B oversubscribed sale, alongside DEX volume rankings and Binance Alpha’s airdrop launch.

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Summary

Trading data indicates centralized exchange volumes fell for Bitcoin (-1.57%) and Ethereum (-3.72%), while TRUMP token rose by 6.11%. MegaETH’s public sale raised over $1 billion, oversubscribed by 20 times, surpassing its previous $628 million figure. In perpetual DEX rankings, Aster led with $12.12 billion in daily volume, followed by Lighter and Hyperliquid. Additionally, Binance Alpha’s airdrop is scheduled for today with a 240-point eligibility threshold. Securitize continues preparations for a $1.25 billion SPAC listing, and Coinbase is expanding staking services to include more cryptocurrencies beyond Ethereum.

Terms & Concepts
  • Centralized Exchange (CEX): A cryptocurrency trading platform operated by a centralized entity, facilitating the buying and selling of digital assets.
  • SPAC: Special Purpose Acquisition Company, a firm formed to raise capital through an IPO and merge with another company.
  • Crypto Staking: The process of participating in network consensus by locking up cryptocurrency to earn rewards.