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Cointelegraph Research's latest report shows that the United Nations Development Programme is applying blockchain technology to the construction of public digital infrastructure, focusing on addressing issues of transparency, collaborative efficiency, and trustworthy data sharing in government systems.The report "New Tech, New Partners" outlines 42 practical cases covering areas such as digital payments, financial inclusion, climate funding, data governance, and community investment, among which 7 focus on digital identity and data systems, primarily distributed in developing economies in Africa, Latin America, Asia, and Eastern Europe. The research points out that UNDP adopts a "pilot---validate---scale" approach, collaborating with governments, developers, and local businesses to first implement small-scale projects and then gradually promote them based on actual results. It also emphasizes a "platform-agnostic" architecture to maintain system openness and interoperability. Furthermore, the report highlights the importance of governance and risk control, stating that the application of blockchain in public systems requires accompanying privacy protection, regulatory frameworks, and audit mechanisms to prevent data misuse and smart contract risks. Overall, blockchain is extending from financial scenarios to public governance infrastructure, becoming one of the important technological options for digital transformation in various countries.

According to researcher Vadym's analysis, DeFi is expected to generate approximately $8 billion in on-chain revenue by 2025. The largest source is AMM trading fees, accounting for about $4.2 billion, with Uniswap, Meteora, and Raydium making up 62%; lending interest is the second largest source, around $1.76 billion, with money markets like Aave and Morpho contributing over 60% of DeFi's total TVL, although about half of the lending demand is due to cyclical leverage operations.RWA contributes $600 million to $900 million, with U.S. Treasury bonds making up about 41% of the RWA market. Perpetual contract funding rates contribute about $300 million, mainly from Ethena. It is noteworthy that more than half of the stablecoin deposit yields in the Ethereum ecosystem are below U.S. Treasury bond rates. Potential sources of revenue such as insurance underwriting and on-chain options have yet to be fully developed. Analyzing Sky (formerly MakerDAO) as an example, it is pointed out that about 70% of its revenue comes from off-chain assets, reflecting that TradFi revenue is accelerating into DeFi through licensed channels.

CZ posted on platform X that anyone claiming to be able to help projects get listed on Binance can be considered a scammer, especially those who claim to know CZ or have a close relationship with him.He stated that in 99.999% of cases, he does not know these people, and if he does know them, he will blacklist them. He reminded users to pay attention to safety.

According to market news, the domain name of the Bitcoin wallet Samourai Wallet, which was once famous for its privacy features, has now been taken over by scammers after being seized by the FBI, and is being used to host phishing sites to steal Bitcoin.Domain records show that the website was registered through a privacy protection service, and the current owner's identity is unknown. Multiple users on the X platform have reported the phishing site to the domain registrar NameCheap, requesting the site be shut down, but have not yet received a response.

According to independent analyst Markus Thielen, Ethereum has accumulated a decline of about 63% in this cycle, reaching a low of $1837, and the current price is testing the technical resistance level at the upper edge of the downward channel.The recent price recovery has been primarily driven by options capital flow and the Gamma hedging mechanism, with no significant changes in the fundamentals. Although ETF demand has shown some signs of recovery, derivative positions remain the core factor affecting recent trends. Analysts point out that the financial asset attributes of Ethereum are becoming increasingly apparent, and its price movement has begun to decouple from traditional major asset classes. The traditional risk-on/risk-off framework has limited explanatory power, and the crypto market may be forming a more independent pricing logic, with the position structure and capital flow worthy of continuous tracking.

According to an announcement from the U.S. Attorney's Office for the Central District of California, former Los Angeles County Sheriff's Department Deputy Michael David Coberg was sentenced to 63 months in federal prison and ordered to pay $127,000 in restitution for assisting cryptocurrency scammer Adam Iza in extortion and false arrest.Coberg served as Iza's business partner and advisor, earning a salary of at least $20,000 per month. In October 2021, Coberg participated in bringing a victim to Iza's residence, where Iza threatened the victim with a gun, and Coberg interrogated the victim in his capacity as an on-duty law enforcement officer, forcing the victim to transfer $127,000 to Iza's account. In September 2021, Coberg conspired with Iza and others to lure another victim from Miami to Los Angeles, arresting him through a fabricated traffic stop and illegal drug possession charges.Coberg pleaded guilty in September 2025 to conspiracy to commit extortion and conspiracy to violate civil rights. Iza has been in federal custody since September 2024, has pleaded guilty to federal charges, and is awaiting sentencing.

According to market news, the decentralized lending trading protocol Ammalgam has officially launched its mainnet, integrating lending, market making, and trading into a comprehensive on-chain liquidity system that supports the reuse of funds across different strategies to enhance LP capital efficiency.The project previously completed a $2.5 million seed round of financing, with investors including Lightspeed Faction, Framework Ventures, and others. Ammalgam has abandoned external oracles and instead directly utilizes on-chain executable liquidity pricing and risk control to reduce the risks of price manipulation and oracle failure. It has simultaneously launched a strategy Vault based on Lagoon Finance infrastructure, allowing users to deposit assets such as USDC, ETH, and BTC into Vaults vetted by curators, obtaining ERC-7540 share certificates to passively participate in complex DeFi strategies like leverage and rebalancing, with redemptions executed according to the announced settlement windows and fees.

According to crypto analyst Yu Jin @EmberCN, the address gammafund.eth withdrew 9,000 ETH from Binance, worth approximately $17.86 million, at a transaction price of about $1,984.On-chain information indicates that this address may be related to the investment fund Gammafund.

The SUN.io platform officially launches SunSwap V4, which is a comprehensive upgrade to the AMM architecture.SunSwap V4 significantly reduces energy consumption for multi-hop transactions and complex strategies by introducing a singleton pattern and a flash accounting mechanism, while restoring direct support for native TRX, enabling seamless transactions without wrapping. The new version also provides developers with powerful "hook" customization features, allowing support for dynamic fees and on-chain oracles without modifying the core protocol; at the same time, V4's custom accounting allows hook developers to flexibly adjust user operations through differences, achieving custom fees, strategies, and curves.In addition, a brand new notification mechanism has been introduced, enabling real-time notifications through subscriber contracts. Meanwhile, users exchanging through SunSwap V4 will enjoy energy subsidies of up to 99%, inviting users to experience more efficient and lower-cost decentralized trading.

Matrixport released a chart stating that Bitcoin has seen almost no significant fluctuations this week, which precisely indicates that the current moment deserves more attention. Beneath the calm surface, the market structure is quietly changing. Approximately $2.5 billion in gamma exposure is about to clear this month, and $26.7 billion has been withdrawn from the market since its peak, with overall positions nearing a reset.The dominant factors for future trends may gradually shift from options mechanisms to liquidity itself. In this report, we will focus on three points: whether this recent rebound is misleading and sufficient to constitute a trend reversal; where passive hedging pressure will mainly concentrate after options expiration; and what conditions the market needs to meet to support a more sustainable stabilization.Perhaps the most noteworthy phase of this cycle is just beginning. Currently, Bitcoin's price is roughly flat compared to a week ago, but the movement is not stable. The previous rapid decline, followed by an equally swift rebound, is largely related to the structure of options positions. Market makers had previously maintained short gamma positions. As prices fell, they were forced to sell futures to hedge their exposure, which mechanically amplified the decline and accelerated the price towards $63,000.

Balancer announced on platform X that it has received a security report regarding Balancer's reCLAMM (rebalanced concentrated liquidity AMM) submitted by the bug bounty platform Immunefi.As a precautionary measure, Balancer has suspended the operation of the relevant liquidity pools during the investigation. User funds are currently safe and fully accessible, and further updates will be continuously announced.

According to Jinshi News, Gammaroad Capital Partners Chief Investment Officer Jordan Rizzuto stated that the potential employment situation appears to be stronger than expected, and may even be more optimistic than the recent assessments and descriptions provided by the Federal Open Market Committee (FOMC). If this data holds up in revisions in the following months, the implications for monetary policy suggest that we are closer to the neutral interest rate than the market had previously priced in.

According to reports, Byreal co-founder Emily Bao shared Byreal's three core strategies for 2026 at the Solana Accelerate APAC event held today in Hong Kong. The event took place during Consensus Hong Kong.Emily stated that Byreal will advance upgrades in 2026 around the following areas:Infrastructure: Byreal plans to launch an automated LP mechanism and AI-assisted LP strategies, including AutoSwap single asset entry, atomic execution, automatic calculation of optimal ratios, and Automated LP & Copy Farming, achieving automatic rebalancing and yield reinvestment to reduce the complexity of liquidity provision operations and provide users with AI intelligent LP strategies.Liquidity Mechanism: Byreal will introduce the Prop AMM strategy, adopting a structure of "protocol-first liquidity management + dynamic fee model" to increase rates on arbitrage flows and gradually open up market-making to participants, optimizing LP yield structure and trade execution quality.On-chain Trading of Traditional Financial Assets: Byreal will launch on-chain perpetual contracts within this year, supporting 24/7 trading of RWA and on-chain asset perpetual contracts, and integrating prediction market data as an on-chain signal layer to build a unified execution architecture.Byreal is a decentralized on-chain trading platform (DEX) incubated by Bybit, which has rapidly become one of the most notable DEXs in the Solana ecosystem since its launch in mid-2025.Emily stated that this upgrade aims to build the underlying infrastructure for Internet Capital Markets, reshaping on-chain liquidity and trading experience.

Binance founder CZ revealed that he discovered users on the social media platform X using AI-generated images to impersonate supporters who are closely associated with him.CZ pointed out that the account has 863,000 followers, used a photo from a BNB Chain event in Korea that he attended as a banner, and posted several AI-generated photos of him with CZ. By analyzing the details of the photos, such as the fact that he never wears blue or purple clothing, and the inconsistent resolution of the characters in the images, CZ identified these as forged images. The original photo was actually a picture with Aster CEO Leonard.CZ reminded the community to be vigilant against such potential scams, while also stating that the Binance team welcomes sincere constructive feedback.

According to Jinshi Data, the South Korean KOSPI 200 index futures fell by 5%, and programmatic trading was suspended for 5 minutes.