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CoinUp responds to recent market rumors: Zhu Pan is not the operator of the platform, and the volatility of CPX mainly comes from concentrated selling pressure in the market

According to official news from CoinUp, regarding recent market discussions about CoinUp and CPX, CoinUp stated that Zhu Pan is not the operator of the CoinUp platform and does not participate in the core operations of the platform; his role is solely as a project party for a project launched on the CoinUp platform.CoinUp also expressed gratitude to users, the community, and the media for their attention and supervision of CPX. In response to the recent significant short-term price fluctuations of the CPX/USDT trading pair, the platform previously announced that this fluctuation was mainly due to concentrated selling pressure from the market, and the specific reasons are currently under further investigation and verification, with updates to be provided in a timely manner based on the progress of the investigation.CoinUp emphasized that after a comprehensive security check of the platform, it has not suffered from hacker attacks, data breaches, or system vulnerabilities; the wallet system, account system, and asset custody are all in a secure and controllable state. The platform's recharge, withdrawal, and trading functions are operating normally, user assets are secure, and account data is complete, with no reported losses of user assets.CoinUp stated that it will continue to improve its risk control monitoring mechanisms, maintain market trading order, and advise users to rely on official channel information, view market fluctuations rationally, and pay attention to controlling trading risks.

The cryptocurrency market is generally down, with the NFT sector dropping nearly 4%, while only the SocialFi sector remains relatively strong

According to SoSoValue data, the overall trend of the cryptocurrency market is declining, with the NFT sector down 3.79% in the last 24 hours. Within the sector, Pudgy Penguins (PENGU) decreased by 2.96%, and Audiera (BEAT) fell by 6.29%. Meanwhile, Bitcoin (BTC) dropped by 1.06%, falling below $64,000; Ethereum (ETH) decreased by 1.34%, fluctuating around $1,700.Only the SocialFi sector remained relatively strong, being the only sector to rise today, up 1.23% in the last 24 hours, with Gram (GRAM), renamed from Toncoin (TON), increasing by 2.13%.In other sectors, the DeFi sector fell by 0.47% in the last 24 hours, but DeXe (DEXE) surged by 59.33%; the CeFi sector declined by 0.94%, where OKB (OKB) rose by 2.98% due to various factors including the establishment of a joint venture with Intercontinental Exchange (ICE), briefly surpassing $83 during trading; the Layer1 sector decreased by 1.51%, with TRON (TRX) rising by 1.77% during trading; the Layer2 sector fell by 1.51%, while Celestia (TIA) increased by 5.40% against the trend; the Meme sector dropped by 1.55%, but BUILDon (B) rose by 6.27%; the PayFi sector decreased by 2.04%, while Telcoin (TEL) increased by 8.06%.The cryptocurrency sector index reflecting the historical market performance shows that the ssiAI, ssiDePIN, and ssiRWA indices fell by 7.86%, 5.26%, and 2.97%, respectively.
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