Altcoin Season Index Stalls but UNI, ARB, RAY Catch Bid on On-chain Activity

Altcoin season remains muted below the 75 threshold, but traders have shifted capital toward protocols that pair narrative appeal with activity. UNI continues to anchor DEX liquidity, ARB sustains Ethereum scaling through governance, and RAY deepens Solana depth, marking a utility-led rotation.
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Ethena’s $ENA Rockets 37% – Will Arthur Hayes’ $1M Bet Keep the Rally Alive?

Ethena has outperformed the broader market as ENA has climbed 37%, bolstered by blue-chip DeFi partnerships, a $360 million locked-token buyback plan, and Arthur Hayes’ latest purchase, yet overbought indicators and slowing volume around the $0.69 mark have raised questions over breakout sustainability.
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Bitcoin Price Prediction: Global Firms Pour $86B Into BTC – Could This Trigger a New “Institutional Supercycle”?

The Bitcoin price appears poised for another surge toward fresh all-time highs, as institutional investors have poured approximately $86 billion into cryptocurrency acquisitions, with nearly half of this capital mobilized since June alone.
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