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On one hand, Vanguard has opened Bitcoin ETF trading, while on the other hand, CoinShares has withdrawn its applications for XRP, Solana Staking, and Litecoin ETFs, highlighting a significant divergence in institutional attitudes toward ETFs for different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.
- 09:46Suspected ZORA team transferred approximately 52.525 million tokens to three addresses, worth over $2.6 millionAccording to ChainCatcher, Arkham monitoring shows that about three hours ago, a suspected ZORA team address conducted a large token transfer, moving a total of approximately 52.525 million tokens to three new addresses, valued at over $2.6 million. Subsequently, one of these addresses transferred 10.535 million tokens (about $520,000) into a certain exchange's hot wallet address, while the remaining tokens worth $2.1 million have not yet been further transferred.
- 09:27A certain whale has fully closed their 7x ETH long position, incurring a loss of over $3.34 million.According to ChainCatcher, Onchain Lens monitoring shows that a certain whale has fully closed its 7x ETH long position, incurring a loss of over $3.34 million. Overall, this whale has lost more than $3.62 million.
- 09:17Polish Cabinet Approves Bitcoin and Cryptocurrency Regulations Pending Presidential SignatureJinse Finance reported, citing market sources: The Polish Cabinet has officially approved bitcoin and cryptocurrency regulations, and the bill will be submitted to the President for signature.