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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.

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 Approximately $2.5 billion in gamma exposure is about to clear this month, and $26.7 billion has been withdrawn from the market since its peak, with overall positions nearing a reset.The dominant factors for future trends may gradually shift from options mechanisms to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.

According to GoPlus monitoring, the privacy gaming platform FOOM CASH was attacked on Base and Ethereum, resulting in a loss of 24,283,773,519,600 FOOM (approximately $2.26 million). The vulnerability that led to the attack was due to a misconfiguration of the verification key, which the attacker exploited to forge zkSNARK proofs and then extracted a large amount of FOOM tokens from the attacked contract.

According to market news, the blockchain gaming infrastructure platform Power Protocol has received a $3 million investment from Bitkraft Ventures, bringing the total funding to $15.5 million.Power Protocol has built infrastructure for several partner studios, including Pixion Games, the developer of Fableborne. Its aim is to create scalable systems for multiple games, allowing game developers to adopt POWER token economics and share on-chain infrastructure, rather than launching isolated chains and tokens.

According to Decrypt, a 24-year-old man from Connecticut, Elmin Redzepagic, faces up to 375 years in prison for allegedly embezzling nearly $1 million in cryptocurrency investor funds to gamble on the Stake platform.Prosecutors accuse him of posing as a cryptocurrency investment expert working for a market master named "The Chef," promising clients high returns while actually using the funds for gambling. Last month, a federal grand jury indicted him on 21 counts, including 7 counts of wire fraud, 11 counts of international money laundering, and 3 counts of making false statements to IRS criminal investigators.On Thursday, Redzepagic pleaded not guilty to all charges and was released on a $500,000 bail.

According to Kalshi CEO Tarek Mansour, the prediction trading platform Kalshi has entered the institutional sports risk hedging sector, partnering with brokerage firm Game Point Capital to help teams hedge performance bonus expenditures.It is reported that Game Point Capital issues hundreds of millions of dollars in sports insurance annually, primarily providing performance bonus insurance for teams and players. These policies can help sports clubs alleviate the financial pressure caused by large contract bonuses triggered by milestones such as qualifying for the playoffs or winning the championship.

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.

GameStop transferred all of its 4,710 bitcoins to Coinbase Prime in January, sparking speculation in the market about a potential sell-off. The company had previously built a bitcoin position of about $500 million, which is now valued at approximately $362.4 million. CEO Ryan Cohen stated in an interview with CNBC on Friday that the company is shifting towards a transformative acquisition strategy, claiming that this plan is more attractive than bitcoin.Cohen declined to disclose whether the company would liquidate its bitcoins but emphasized that the acquisition plan is transformative not only for GameStop but for the entire capital market. Following the announcement, GameStop's stock price rose by about 8.25% to $25.85.

According to SoSoValue data, the cryptocurrency market sector has generally rebounded, with the DeFi sector performing outstandingly, rising 3.53% in 24 hours. Within the sector, Hyperliquid (HYPE) increased by 11.85%, and Morpho Token (MORPHO) rose by 9.10%. Meanwhile, Bitcoin (BTC) increased by 1.75%, recovering above $78,000; Ethereum (ETH) rose by 2.41%, breaking through $2,300.Other standout sectors include: the Meme sector, which rose 2.21% in 24 hours, with MemeCore (M) increasing by 12.42%; the Layer2 sector, which rose by 1.83%, with Stacks (STX) increasing by 14.71%; the CeFi sector, which rose by 1.52%, with Cronos (CRO) increasing by 7.71%; and the Layer1 sector, which rose by 1.46%, with Kaspa (KAS) increasing by 5.80%.In other sectors, the AI sector rose by 1.32%, with Kite (KITE) increasing by 9.47%; the RWA sector rose by 1.25%, with Keeta (KTA) increasing by 11.82%; and the PayFi sector rose by 0.26%, with Telcoin (TEL) increasing by 11.07%.Additionally, the NFT and GameFi sectors fell by 0.86% and 1.53%, respectively.The cryptocurrency sector indices reflecting historical market trends show that the ssiDeFi, ssiLayer2, and ssiMeme indices rose by 4.24%, 1.97%, and 1.86%, respectively.

According to CoinDesk, as the U.S. Congress failed to complete the full legislative process for the funding bill, the U.S. government is expected to enter a short-term, partial shutdown starting Saturday Eastern Time. However, this event also highlights the issue of "definition precision" in prediction markets. The prediction contracts on Polymarket and Kalshi regarding "whether the U.S. government will shut down" show differences due to varying definitions of triggering conditions. The relevant contracts on Polymarket indicate a shutdown probability of about 88%, while similar contracts on Kalshi have a probability as high as approximately 93%. This discrepancy may be because some contracts consider the formal announcement of a shutdown by the Office of Personnel Management (OPM) as the basis for settlement, meaning that even a partial shutdown is regarded as valid. This event underscores the sensitivity of prediction markets to contract triggering conditions, official confirmation entities, and timelines in macro events, with the details of the contracts themselves becoming an important factor influencing the odds.

According to SoSoValue data, the overall cryptocurrency market is showing a slight upward trend, with the DeFi sector performing exceptionally well, rising 3.68% in 24 hours. Among them, Hyperliquid (HYPE) surged by 27.77%, Lighter (LIT) increased by 11.16%, and Jupiter (JUP) rose by 6.47%. Meanwhile, Bitcoin (BTC) increased by 0.82%, approaching the $90,000 mark. Ethereum (ETH) rose by 2.67%, breaking through $3,000.It is noteworthy that MAG7.ssi increased by 1.56%, DEFI.ssi rose by 6.67%, and MEME.ssi went up by 3.05%.Other standout sectors include: the AI sector, which rose by 2.19%, with Kite (KITE) increasing by 7.99%; the Meme sector, which increased by 2.01%, with PIPPIN (PIPPIN) surging by 62.31%; and the Layer1 sector, which rose by 1.83%, with Zcash (ZEC) increasing by 7.38%.In other sectors, the CeFi sector rose by 1.52%, with Aster (ASTER) increasing by 3.89%; the Layer2 sector rose by 0.56%, with Mantle (MNT) increasing by 3.28%; the RWA sector rose by 0.48%, with Keeta (KTA) increasing by 15.31%; and the PayFi sector rose by 0.01%, with Bitcoin Cash (BCH) increasing by 3.12%.Additionally, the DePIN and GameFi sectors fell by 0.86% and 1.91%, respectively.The cryptocurrency sector indices reflecting historical market trends show that the ssiDeFi, ssiAI, and ssiLayer1 indices rose by 6.19%, 4.38%, and 2.24%, respectively.