1. US Core CPI Unexpectedly Slows to Lowest Level Since 2021
3. US Stocks Extend Gains, Nasdaq Rises 2%
4. $484 Million Liquidated Across the Network in the Past 24 Hours, Mainly Longs
5. US SEC Charges Bitcoin Mining Firm VBit CEO with Misappropriating $48.5 Million
Over the past 24 hours, the crypto market has continued to evolve on multiple fronts. Major topics are focusing on large platform-wide upgrades and the compliance expansion of the prediction market, with institutions continuing to advance their positioning in on-chain payments and securities infrastructure. In terms of ecosystem development, Solana has strengthened security and liquidity access, Ethereum L2 is accelerating application deployment, and the Perp DEX track maintains high-intensity competition in new features and governance games.
2. "Why Aren't Crypto Projects Wanting Tokens Anymore During Acquisitions?"
In the early hours of the day before yesterday, the Interop Labs team (initial developers of the Axelar Network) announced its acquisition by Circle to accelerate the development of its multi-chain infrastructure Arc and CCTP. Normally, being acquired is a good thing. However, the Interop Labs team's further detailed explanation in the same tweet caused a sensation. They stated that the Axelar Network, foundation, and AXL token will continue to operate independently, with their development work taken over by CommonPrefix.
Daily Market Overall Funding Heatmap (as reflected by Funding Rates) and Token Unlocks
Data Source: Coinglass, TokenUnlocks

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