A wallet linked to FlowDesk transferred 1.61 million LINK worth $15.19 million to Binance, drawing trader attention. This may shift market liquidity as traders react to this notable supply adjustment.
LINK’s price stabilizes around $9.19, forming a range between $7.95 support and $9.60 resistance. The Relative Strength Index indicates an upward trend, suggesting improved market conditions.
As of March 6th, the market anticipates a 50% chance of a Federal Reserve rate cut in June, following disappointing US job figures.
The rise in global oil prices due to the Iran conflict has intensified inflation concerns, further influencing rate cut expectations.
Nguyen Quang Trung, CEO of SMC Investment Trading Company, announced the purchase of 5.9 million SMC shares from March 11 to April 8, 2026, to increase ownership. Currently, he has no shares, and if successful, he will hold 8.01% of SMC’s capital, needing around 66.4 billion VND based on the share price on March 6, 2026. Previously, he failed to buy 1 million shares due to unfavorable market conditions. Simultaneously, Nguyen Kinh Luan, SMC’s Deputy CEO, plans to sell 3 million shares, reducing ownership to 0.19%. In terms of business performance for 2025, SMC’s revenue fell by 21.5% to 7,007 billion VND, but net profit soared 13.5 times year-on-year to nearly 185.1 billion VND. Total assets dropped by 6.8% to 4,453.6 billion VND, with total liabilities nearly at 3,458.7 billion VND.
The U.S. economy shed 92,000 jobs in February, with the unemployment rate rising to 4.2%. This softer labor market data has revived expectations for Federal Reserve rate cuts during the first half of 2026. Weaker employment trends could prompt the Fed to prioritize rate relief amid economic cooling pressures.
In February, the U.S. Experienced a reduction of 92,000 in nonfarm payrolls, while the unemployment rate remained stable at 4.4%.
Average hourly earnings saw a month-over-month rise of 0.4%, indicating a year-over-year growth of 3.8%, which may suggest potential weaknesses in the labor market.
Analyst Peter Brandt suggests Bitcoin may not experience a significant rally until after September, while XRP trades near $1.39 with potential to test the $1.45 resistance level. Meanwhile, Shiba Inu saw substantial exchange inflows of 844 billion SHIB tokens, marking its highest inflow volume since 2026. The mixed signals reflect ongoing volatility in the broader crypto market as traders assess near-term price catalysts.
News coverage of cross-chain technology has intensified, with 3 articles published in the last 24 hours compared to 1 in the previous period. The spike includes updates on Kraken’s xStocks unified liquidity layer, discussions on interoperability as essential infrastructure for digital assets, and remarks from Cardano Foundation leadership on ADA development. The increased attention reflects growing focus on blockchain interoperability solutions.
Total market cap stands at $2.38T with 24-hour volume of $98.50B. BTC dominance at 58.79% and ETH at 10.40%. Major coins declined today: BTC -3.80% to $70.1K, ETH -3.64% to $2.1K, SOL -5.03% to $87.00, while TRX gained 0.96% to $0.29. Top gainers include OKB (+22.08%) and KITE (+8.48%); top losers JUP (-7.14%) and ASTER (-7.27%). Long/short ratios show elevated leverage: BTC 1.45, ETH 2.00, SOL 2.47. Options data indicates caution with BTC put/call at 0.68 (IV 61.1%) and ETH at 0.63 (IV 82.1%). Whale alert: 1,300 BTC ($99.0M) moved from OKEx and 23.0M USDC ($22.9M) transferred to Coinbase, suggesting mixed sentiment. Fear & Greed Index at extreme fear (18/100). In DeFi, Sentora TVL surged 48.2% to $1.5B. Treasury yields edged up: 2-year at 3.54 and 10-year at 4.09. Gold declined this week amid employment data. Market momentum remains cautious with downside pressure balanced by selective sector strength.
Etherlink, a layer-2 solution built on Tezos, offers developers EVM compatibility alongside on-chain governance and Tezos security infrastructure. The platform enables developers familiar with Ethereum tooling to build applications while leveraging Tezos’ underlying security model and governance mechanisms.