Bitcoin and Ether increased in Asia trade on Thursday afternoon. The top 10 non-stablecoin cryptocurrencies by market capitalization also mostly rose, with Solana leading gains.
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- Bitcoin rose 0.27% to US$16,563 in the 24 hours to 4.30 p.m. in Hong Kong, and Ether gained 3.22% to US$1,199, according to CoinMarketCap.
- Solana increased 8.84% to US$14.23, with today’s gains almost reversing a seven-day decline. Last week, Solend, the lending protocol on Solana, voted to compensate some US$118,000 of bad debt in its lending pool Kamino Pool.
- Litecoin slipped 0.64% to US$78.28, but did not erode its 31.56% gain over the past seven days. Dogecoin rose 0.92%, XRP gained 0.44% and Polygon inched up 0.11%.
- BNB, the native token of the largest cryptocurrency exchange Binance, extended gains today to rise 0.87% to US$294.72, an increase of 9.58% in the last seven days. Binance on Wednesday launched its latest crowdfunding project, Hooked Protocol, which allows users to acquire HOOK tokens by staking BNBs.
- Polkadot (DOT) dropped 0.13% on the day and 4.17% in the last seven days, though it remains the second-most popular blockchain ecosystem for developers after Ethereum.
- Asian shares were mixed after gains on Wall Street overnight. Tokyo’s Nikkei 225 rose 0.95%, Hong Kong’s Hang Seng gained 0.78%, while the Shanghai Composite fell 0.25%.
- Apple’s main iPhone manufacturing plant in China saw violent clashes by workers on Wednesday amid a strict Covid-zero lockdown. The International Monetary Fund on Wednesday urged China to cut interest rates and ease strict Covid-19 restrictions for much-needed economic recovery.
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