Bitcoin, Ether extend gains; Solana leads rise across most top 10 cryptos

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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.

See relat­ed arti­cle: DCG seeks to calm investors over inter­com­pa­ny loans: reports 

Fast facts

  • 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.
  • See relat­ed arti­cle: US sen­a­tors call for hold­ing FTX exec­u­tives account­able to fullest extent 

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