Top News

1.SEC Chairman: ETH is Not a Security

2.StablecoinX to Invest $260 Million to Launch ENA Treasury Strategy, Plans to List on Nasdaq under the ticker "USDE"

3.SPK Surges Over 50% in 24 Hours, Market Cap Reaches $1.17 Billion

4.FTX Freezes $470 Million in Overseas Claims Triggering Strong Opposition, Requests Extension to Respond to Creditors

5.Tornado Cash Co-founder's Lawyer Considering Motion to Dismiss, Raises Questions on Evidence Submitted to the Government

Articles & Threads

1. "Next 100x Opportunity? Overview of the Most Anticipated Unreleased Coin Perp DEX Dark Horses in 2025"

Currently, the Hyperliquid Season 2 airdrop is about to start, and other rapidly growing, hardcore team-background, highly anticipated new projects have emerged. This BlockBeats article will list five unreleased Perp DEX dark horse projects—whether they are rapidly growing, well-funded, or celebrity VC-backed, they are key projects that the current round of "rug pullers" and contract players cannot afford to miss.

2. "Stablecoin Weekly Report | Three US Crypto Regulatory Bills Passed, Citi and Other Banks Announce Entry into Stablecoin Business"

The U.S. Congress has passed three core bills with an overwhelming majority, bringing crypto assets into the federal regulatory framework. The GENIUS Act establishes stablecoin reserve and redemption rules, the CLARITY Act defines market structure, and the Anti-CBDC Act restricts central bank digital currency issuance. This clear and strategic regulatory package will open the door for private issuance, delineate the government-market boundary, and provide a "U.S. template" for global legislation. Clear policies have also accelerated the entry of traditional finance. Banks such as Citigroup and JPMorgan are starting to assess issuing their own stablecoins, with tokenized deposits as a top priority. Meanwhile, the capital markets are reassessing the fundamentals of on-chain companies. Following Circle's listing, infrastructure companies with real cash flows, compliance paths, and revenue models may become the next alpha.

Market Data

Daily overall market funding heat (reflected by funding rate) and token unlocks

Data Source: Coinglass, TokenUnlocks

Funding Rate

Token Unlocks

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