However, both of these tokens remain relatively stable as the market remains stable. ETH is trading above $2,600, up 2.6%, according to CoinDesk Indices data, while BTC is trading above $63,700, up 1.2%. CoinDesk 20 (CD20), which measures the performance of the largest digital assets, remained stable with an increase of less than 1%.

According to CoinGlass data, short positions have been liquidated slightly more than long positions in the last 12 hours. $64.23 million in short positions and $54.42 million in long positions were liquidated.

This shows how investors evaluate the current situation of the market and what strategy they follow against possible price fluctuations. In particular, transaction volume is expected to be low following the 50% basis point interest rate cut last week.

In the last week, BTC has increased by 9.5%, while ETH has increased by more than 16%.

Polymarket punters seem confident that another rate cut is coming, but they are split on the size of the cut: 47% think it will be 50 basis points, while 47% think it will be 25 basis points. This shows that uncertainty continues in the market and investors are paying careful attention to upcoming interest rate decisions.

The price of Solana (SOL) was the focus of the Breakpoint conference. During the event, many attendees were impressed by major announcements such as the launch of Jump Crypto’s validator. However, SOL continued to trade above $145 without any major change in its price.

However, Pendle, a portfolio company of Arthur Hayes’s Maelstrom fund, lost more than 6.5%. Investors are concerned about this situation due to Hayes reducing his position after introducing the project on stage in Singapore.

Hayes stated that they made the decision to reduce their positions in Pendle in order to finance a “special situation”. “Those who follow our wallets will soon see what this is,” he said. Pendle has increased by more than 24% in the last week, according to CoinGecko data.

Meanwhile, memecoin MOTHER, promoted by music star Iggy Azalea, rose 4.5% after the project announced it would build a casino called “Motherland.”

MOTHER is one of the few famous memecoins that has managed to maintain its value. However, this token is mostly traded on decentralized exchanges (DEX) and is not available on well-known centralized platforms. Adding casinos could complicate the listing process on major centralized exchanges due to regulatory complexities.

Ether and Bitcoin continue to attract attention with the current state of the market and new developments. In particular, the effects of conferences and investors’ strategies will continue to shape the dynamics of the crypto market. Investors should continue to be careful and monitor developments in this process.