US biotech company MEI Pharma (MEIP) officially announced raising $100 million and fully purchasing Litecoin (LTC) as the company's primary reserve asset, becoming the first publicly traded company in the US to list LTC as a corporate financial reserve. They also invited LTC founder Charlie Lee to join the board of directors, with the well-known digital asset market maker GSR responsible for managing the LTC reserves.
[Rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating to English] The final paragraph would be translated as: We will adopt a direct, simple tariff rate of 15%~50%.The progress of trade agreements confirmed investors' expectations that Washington will adopt a pragmatic trade policy before tariffs significantly impact corporate profits. The S&P 500 and Nasdaq both reached new all-time highs, with the Dow Jones just 4 points away from its historical peak.
Bitcoin Dominance Slightly Increases, Network-wide Liquidations Reach $742 Million
The cryptocurrency market dropped 2.36% in 24 hours, facing profit-taking pressure after a 25% monthly gain.
Bitcoin's dominance rose to 61.01% (up 1.33% in 24 hours), but declined from 120K to 118K, with over $65.22 million in Bitcoin positions liquidated in 24 hours.
Ethereum was hit hardest, with $157 million in positions liquidated in 24 hours, followed by XRP with $87.16 million. The Altcoin index dropped from 51 to 43 yesterday.
XRP and BNB Break Historical Highs
XRP reached a new all-time high yesterday. Vertical agriculture technology company Nature's Miracle Holding Inc. (OTCQB: NMHI) is establishing a corporate XRP Treasury program up to $20 million, becoming the first XRP reserve strategy company. XRP plummeted 9.6% to $3.21 after hitting its all-time high, with market capitalization evaporating by $18.37 billion amid massive liquidations and the unexpected withdrawal of XRP-related ETF conversions by the SEC.
BNB also reached a historical high of $809 yesterday, reclaiming the top five market capitalization spot from SOL.
Risk Warning
Cryptocurrency investments carry high risks, with potentially extreme price volatility. You may lose your entire principal. Please carefully assess the risks.
