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According to Coinglass data, Bitcoin maintains a range-bound oscillation trend, briefly rebounding to break through $70,000. Current funding rates on mainstream CEX and DEX show that the market has once again turned bearish, with specific funding rates as shown in the attached image.Funding rates are the rates set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, typically applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract prices close to the prices of the underlying assets. When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.

Psy Protocol announced that it has achieved 521,000 transactions per second (TPS) on a real-world proof-of-work network, setting a new record for decentralized system throughput. The testing was supported by Google Cloud, and all transactions are verifiable on-chain, with complete data and cryptographic proofs open-sourced for independent auditing.The team stated that this result was achieved without sacrificing decentralization, security, or privacy, and has established a $100,000 bounty for anyone who can prove the results invalid. Carter Feldman, founder of Psy Protocol, said, "This is not a development network demonstration or theoretical calculation; every result is verifiable."This test demonstrates the infrastructure capabilities for a future AI agent economy, making high-frequency micropayments, continuous clearing markets, and large-scale AI collaboration feasible. Psy Protocol breaks through traditional blockchain throughput bottlenecks through parallel state architecture, client-generated proofs, recursive zero-knowledge proofs, and horizontal scaling design.Complete verification data and methods have been open-sourced, and users can access here for verification.

X product lead and Solana advisor Nikita Bier posted on the X platform, stating, "X intends to update the API policy to prevent applications from creating fee pools without user consent."

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 8, up 0 points from yesterday. The average over the past 7 days is 9, and the average over the past 30 days is 21.

The General Office of the State Council issued implementation opinions on improving the national unified electricity market system, which pointed out the need to enhance various functions of the electricity market, accelerate the establishment of a green electricity consumption certification mechanism, comprehensively introduce technologies such as blockchain, and carry out full-chain certification for green electricity production, consumption, and other links.

Avenir Group, founded by Li Lin, disclosed its latest Bitcoin ETF holdings. As of the fourth quarter of 2025, Avenir Group's position in BlackRock IBIT remains unchanged: by the end of 2025, the number of shares held in BlackRock IBIT is 18,287,323, with only minor changes due to trading friction compared to the third quarter (a slight adjustment of approximately -0.053%).Since the second quarter of 2024, Avenir Group has maintained its position as the largest institutional holder of Bitcoin ETFs in Asia for seven consecutive quarters, and has consistently led the region for the past 21 months. This move reflects Avenir Group's long-term allocation strategy and its firm commitment to Bitcoin as a core component of future finance.

Bloomberg ETF analyst Eric Balchunas disclosed that Canary has updated its spot Trump Coin ETF application documents, adding multiple pieces of information, including the confirmation that BitGo will act as the custodian. Currently, the ETF has not announced a trading symbol.

According to CoinDesk, the DeFi Education Fund (DEF) based in Washington, USA, stated in response to the UK Financial Conduct Authority (FCA) regarding the consultation paper on the regulation of crypto asset activities that regulatory obligations should only apply to entities that have "unilateral control" over user assets or transactions, and should not be considered intermediaries solely for developing or participating in decentralized protocols.DEF argues that "control" should be linked to specific operational powers such as the ability to unilaterally initiate or block transactions, modify protocol parameters, or exclude users, and warns that directly applying the requirements for prudent regulation, reporting, and platform access of centralized trading platforms, as well as complete anti-money laundering obligations, to automated, non-custodial DeFi protocols will be structurally mismatched.

The founder of FTX, Sam Bankman-Fried, has seen significant appreciation in his early investments prior to his conviction. He invested $500 million in the AI startup Anthropic, which is now valued at around $70 billion; Solana (SOL) tokens worth $60 million that he purchased at $8 each peaked at $2.1 billion; a $100 million investment in the Sui blockchain development team Mysten Labs has now appreciated to over $800 million; additionally, his 7.5% stake in Robinhood is now worth about $10 billion.If SBF's assets had not been seized by authorities after the collapse of FTX, these early investments could have yielded him over $80 billion. SBF's failure was not due to poor investment judgment, but rather because of the illegal misappropriation of customer funds and violations of financial regulations, ultimately leading to the collapse of his empire.

Jim Moloney, head of the SEC's Division of Corporation Finance, stated that they are working to expedite the development of regulatory rules. The division will primarily focus on reforms related to crypto assets and is preparing to submit two key proposals regarding crypto assets to the Commission: first, to provide interpretive guidance that offers a clear classification for crypto assets and describes the framework for determining when crypto assets are subject to investment contract obligations; second, to develop a reasonable regulatory structure proposal for the issuance and sale of such securities that are subject to investment contract obligations.Additionally, the division will continue to provide market clarity through statements and no-action letters. Jim Moloney also mentioned that other ongoing work by the SEC includes: implementing the Holding Foreign Companies Accountable Act (HFCAA); creating an option for semi-annual reports instead of quarterly reports; and alleviating regulatory burdens under Regulation S-K, including executive compensation disclosures.

CoinW recently issued an official announcement reminding that a scam activity involving fake websites and mobile applications (Apps) has been detected. The scammers maliciously impersonated CoinW's name, graphics, logo, and brand image.The scammers targeted potential victims through publicly available information on the internet and social media platforms like LinkedIn. They used the victims' social profiles to verify their locations and establish initial contact, subsequently luring users to move the communication to Telegram. Scammers commonly employ manipulative tactics (including fabricating "luxurious lifestyle" stories) to deceive victims into transferring cryptocurrency to wallet addresses under their control. CoinW solemnly reminds: please be sure to access the official website or download the app through official channels. If you have doubts about the source of information, please contact the CoinW legal team for verification immediately. If you discover suspicious websites or counterfeit applications, please stop all operations and report them to the official channels. CoinW stated that it will continue to strengthen the construction of its security and risk control system, maintain a safe, fair, and transparent trading environment, and firmly support global anti-fraud, anti-money laundering, and sanctions compliance efforts.

Aave Labs has initiated a Temp Check proposal to token holders, requesting approximately $50 million in funding in exchange for directing all revenue from Aave-branded products into the Aave DAO treasury.The proposal includes up to $42.5 million in stablecoins ($25 million base grant and $17.5 million milestone rewards) and 75,000 AAVE tokens (approximately $8 million). In return, Aave Labs will allocate 100% of the revenue from all products, including aave.com, the planned Aave Card, and Aave Pro, to the DAO. This proposal has raised concerns within the community about the concentration of voting power. Marc Zeller, founder of the Aave Chan Initiative, pointed out that this funding package represents a significant portion of the DAO treasury and questioned whether the 75,000 AAVE token grant could lead to excessive concentration of voting power, calling for the proposal to be split and for the recipients to disclose their holding addresses.Aave founder Stani Kulechov stated that this move would shift the DAO towards a "token-centric" model, enhancing its ability to fund growth and execute buybacks. The proposal is currently in the opinion-gathering stage.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 8, up 2 points from yesterday. The average for the past 7 days is 8, and the average for the past 30 days is 22.

Japanese Digital Finance Platform PayPay Submits IPO Application in the U.S.It was previously reported that PayPay, a subsidiary of SoftBank, will acquire a 40% stake in Binance Japan.

According to Arkham monitoring, the bankruptcy administrators of Alameda Research distributed over $15 million worth of SOL to creditors in the recent round of monthly allocations.A total of $15.6 million in SOL was transferred to 25 independent addresses, as part of a continuous distribution plan that has been ongoing for 21 months. The Alameda on-chain wallet currently still holds $314.95 million worth of SOL.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 6, down 6 points from yesterday. The average over the past 7 days is 9, and the average over the past 30 days is 24.