XRP Jumps 6% to Top Market Gainers as Bitcoin Retakes $111K

Bitget PI/USDT's perpetual trading volume surged fivefold within 10 minutes, with a turnover of 11.2 million US dollars in the past 24 hours, an increase of 3.72% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

[Analyst Warning: WLFI Token May Pose Risks to Retail Investors Due to High FDV Valuation] Compass Point investment bank analysts have warned that the World Liberty Financial token (WLFI), set to launch on Memorial Day, could pose significant risks to retail investors. Analysts pointed out that the token distribution structure of WLFI is a major concern, with the Trump family holding over 20% of the token supply. Although these tokens are temporarily non-tradable, they have already been factored into the fully diluted valuation (FDV). If exchanges list WLFI at an excessively high valuation, it may replicate the trajectory of the TRUMP token—which has dropped 89% from its peak, causing most retail investors to incur losses.

[Hedge Fund Numerai Secures $500 Million Investment Commitment from JPMorgan] According to The Block, San Francisco-based hedge fund Numerai LLC announced that it has secured an investment commitment of up to $500 million from JPMorgan's asset management division, which will be deployed next year. Over the past three years, the assets under its management have grown from $60 million to $450 million. Numerai stated that its global equity hedge fund achieved a 25% net return last year. The company also mentioned plans to hire more employees. Its native token, Numeraire (NMR), once surged by 33%.

OKX-OKB/USDT is currently trading at $179.95, with a 5-minute increase of 1.63%. Please be aware of market fluctuations.

1. Trump plans to nominate Milan and Malpass as Federal Reserve governors, which may affect future monetary policy 2. Former Vice Chairman of the Federal Reserve warns that regional Federal Reserve governors may face the risk of replacement due to political interference 3. US Senator Warner may obstruct the advancement of the legal protection bill for cryptocurrency developers 4. The US CFTC is about to have only one person in charge, increasing regulatory uncertainty in the industry 5. Japanese company Monex is considering acquiring European cryptocurrency company, or announcing within a few days 6. Aave's total locked in value reaches a historic high, approaching the size of the 54th largest bank in the United States 7. The Financial Commission of South Korea plans to complete the preparation of the virtual asset bill before September 8. Hut 8 raises $330 million in funding for US expansion plans The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/481870