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On one hand, Vanguard has opened Bitcoin ETF trading, while on the other hand, CoinShares has withdrawn its applications for XRP, Solana Staking, and Litecoin ETFs, highlighting a significant divergence in institutional attitudes toward ETFs for different cryptocurrencies.
Bitcoin's price remains stable above the real market mean, but the market structure is similar to Q1 2022, with 25% of supply currently at a loss. The key support range is between $96.1K and $106K; breaking below this range will increase downside risk. ETF capital flows are negative, demand in both spot and derivatives markets is weakening, and volatility in the options market is underestimated. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.
Ethereum has activated the key "Fusaka" upgrade, increasing Layer-2 data capacity eightfold through PeerDAS technology. Combined with the BPO fork mechanism and the blob base price mechanism, this upgrade is expected to significantly reduce Layer-2 operating costs and ensure the network’s long-term economic sustainability.
Cryptocurrency projects related to the Trump family were once market favorites, but are now experiencing a dramatic collapse in trust.
Bank of America believes that there is little to fear if Trump nominates a new Federal Reserve Chair, as the White House's ability to exert pressure will be significantly limited if Powell remains as a board member. In addition, a more hawkish committee would leave a Chair seeking to accommodate Trump's hopes for rate cuts with no room to maneuver.
BTC has strongly returned to $93,000. Although there appears to be no direct positive catalyst, in reality, four macro factors are resonating simultaneously to trigger a potential structural turning point: expectations of interest rate cuts, improving liquidity, political transitions, and the loosening stance of traditional institutions.
- 06:10Last week, the total bitcoin network hashrate dropped by 17.25%.Jinse Finance reported, according to F2pool data, the total network hashrate of bitcoin is currently 988.49EH/s, down 17.25% compared to the same time last week.
- 05:41Curve founder proposes allocating 17.45 million CRV for development and team supportAccording to ChainCatcher, Curve Finance founder Michael Egorov has proposed allocating 17.45 million CRV tokens to Curve development company Swiss Stake AG to support ecosystem development, technology R&D, and the ongoing development of lending protocols. At current prices, this grant is worth approximately $6.6 million. Previously, Curve had issued a similar grant to the company at the end of 2024. Egorov stated in a post on the Curve DAO governance forum that the funds will be used for software development, infrastructure and security construction, and to support Swiss Stake AG’s core contribution team of about 25 people. The planned objectives include launching and expanding the new lending system Llamalend, developing on-chain foreign exchange functionality, and optimizing Curve’s user interface and cross-chain capabilities. According to the proposal, the related R&D results will be released under an open-source license compatible with the Curve codebase. If the proposal is approved, Swiss Stake AG may stake part of the CRV to earn yields, but the tokens must be strictly used for the purposes specified in the proposal, with a commitment to disclose fund usage every six months. Egorov stated that although Swiss Stake AG has already generated some revenue through the deployment of Curve Lite and veCRV staking, it still relies on community support overall. This grant aims to ensure the team’s operations and promote the Curve ecosystem’s development towards long-term self-sufficiency.
- 05:36USD/JPY continues to edge lower, currently quoted at 155.1Jinse Finance reported that the USD/JPY continues to decline slightly, currently down nearly 0.5%, quoted at 155.1.