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ETH price crashed below $1,600 after a vulnerability in Zcash emerged and Bitcoin sold off below $60,000. Ether (ETH) plummeted to a 13-month low of $1,540. The Ether futures annualized funding rate flipped negative, indicating increased demand for short positions. Demand for downside price protection surged as the Deribit ETH options put-to-call premium spiked to 3.7 times. Ethereum network Total Value Locked (TVL) declined to its lowest since February 2024.
Solana Unchained launches AI Tool Hub with Trading Insight Generator, Content Automation Suite, and Workflow Optimizer. The hub integrates machine learning into wallet services and requires $UCHN tokens to function. Each tool creates real demand for $UCHN, making it a functional utility within the network. The protocol architecture has been verified by three blockchain analytics firms. Developers and users now access AI-driven on-chain data processing through decentralized protocols like Jupiter and Kamino.
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