Top News

1.Bitcoin Temporarily Drops Below $91,000, 24-hour Decline of 5.12%

2.Cryptocurrency Total Market Cap Falls Below $3.1 Trillion, 24-hour Decline of 8.2%

3.US Stock Cryptocurrency Stocks All Drop During Trading, MicroStrategy Down 4.73%

4.Bernstein: Liquidity to Flow From Useless Memes to DeFi, GameFi, and NFTs, Bullish on Stablecoins and RWAs

5.Bybit Hacker Has Laundered 89,500 ETH, Money Laundering Expected to be Completed Within Two Weeks at This Rate

Articles & Threads

1.《Understanding the Current Stablecoin Race: Why Has It Become an Attractive Opportunity for Institutions Again》

Stablecoins are driving a revolution in the financial system, especially demonstrating significant potential in improving payment efficiency, cross-border transactions, and the foreign exchange market. The traditional forex system faces high costs, inefficiency, and settlement risks, while blockchain-based forex, through decentralized exchanges, offers low costs, instant settlement, and transparency, significantly enhancing fund circulation efficiency. The widespread adoption of stablecoins not only enhances the convenience of cross-border payments but also provides financial inclusion for underbanked markets.

2.《Is Pump.fun Flipping the Table? Self-built AMM Pool Breaking Free From Raydium's Restraints》

Pump.fun has quietly started targeting Raydium: today, it secretly launched its own AMM pool, attempting to divert part of Raydium's liquidity fees. Currently, this custom AMM page looks very simple and allows swapping of any token similar to other DeFi products. Whether Pump.fun can truly challenge Raydium will depend on its liquidity strategy and ability to attract users; more importantly, it will depend on whether the bull market is still ongoing.

Market Data

Daily Marketwide Funding Rate Heatmap and Token Unlocks

Data Source: Coinglass, TokenUnlocks

Funding Rate

Token Unlocks

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