3. The Sui Network resumed normal operation this morning and is running smoothly
4. Coinbase declares non-support for the Senate crypto bill, which may impact the legislative process
Over the past 24 hours, the encryption market has fermented in multiple dimensions. The mainstream topics are focused on the trust controversy caused by "reputation/emotion securitization" products and the risk spillover exposed by data platform mergers and politician token rug events; in terms of ecosystem development, new applications on Solana are accelerating, Ethereum is heating up around "real-time execution" infrastructure, and the Perp DEX track continues to accelerate its competition in mobile and liquidity on-ramps.
2. "Tether freezes $182 million in a day, is USDT still a neutral currency?"
Tether has frozen around $182 million USDT on the Tron blockchain, an action that some analysts see as its 'Euroclear moment' — when a financial infrastructure once considered a neutral conduit starts cooperating in asset seizures, transforming it from just a stablecoin to part of the power boundary. Starting from the Venezuelan fund-related controversy, this article discusses how this event could impact the 'alternative dollar' narrative of USDT in the global South and sanctioned regions, reshaping the risk perception of stablecoins.
Daily Marketwide Funding Heatmap (reflected by funding rates) and Token Unlocks
Data Source: Coinglass, TokenUnlocks


Welcome to join the official BlockBeats community:
Telegram Subscription Group: https://t.me/theblockbeats
Telegram Discussion Group: https://t.me/BlockBeats_App
Official Twitter Account: https://twitter.com/BlockBeatsAsia