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CryptoQuant CEO Ki Young Ju posted on the X platform that the sell-off by Bitcoin OG whales and long-term miners is essentially a large-scale transfer of holdings to traditional financial institutions, investors, and ETFs in the United States.He believes that the ultimate value of an asset depends on who is holding it. If the new holders are entities that can bring greater liquidity, the next round of price increases could come at any time. Traditional financial institutions may provide a stronger demand base than OG whales, although this may dilute the values of crypto-punk ideals. Ki Young Ju feels regret about this but still believes that Bitcoin will have its next bull cycle, which is worth waiting for.

According to a report titled "Stablecoins: Waiting for Regulation" released by the UK House of Lords Financial Services Regulatory Committee, the global market capitalization of stablecoins has exceeded $310 billion, but the UK pound stablecoin market is still in its infancy, and the construction of the regulatory framework is clearly lagging behind the United States (GENIUS Act) and the European Union (MiCAR).The report criticizes several aspects of the current regulatory proposals from the UK Financial Conduct Authority (FCA) and the Bank of England, focusing on:• The Bank of England's requirement for systemic stablecoin issuers to deposit at least 40% of reserve assets in non-interest-bearing central bank deposits, which the industry believes will severely harm issuers' profitability and the international competitiveness of the UK market;• The proposed holding limits (individual £20,000, corporate £10 million) are considered extremely difficult to implement and may stifle the development of the pound stablecoin market;• The T+1 redemption requirement will impose a significant operational burden on issuers;• The Prudential Regulation Authority (PRA) restrictions on deposit-taking institutions issuing stablecoins under independent brands are deemed overly stringent.The report also acknowledges the liquidity support loan mechanism proposed by the Bank of England, considering it an innovative regulatory measure that surpasses other major jurisdictions. The committee calls on regulatory agencies to strictly adhere to the established timeline, ensuring that the complete regulatory framework comes into effect as scheduled on October 25, 2027, and recommends adopting a principle-based, technology-neutral regulatory approach to achieve a reasonable balance between financial stability and market innovation.

According to PieShield's monitoring, the staking stablecoin sUSDat, fully backed by the digital credit asset STRC, once depegged, dropping about 7% to below $0.93, and then rebounded to $0.98. PieShield stated that this market fluctuation occurred after Strategy symbolically broke the "Never Sell" principle.During the reporting period, Strategy sold 32 BTC at an average price of approximately $77,135, with a total value of about $2.5 million, accounting for 0.0038% of its holdings of over 843,000 BTC. The funds raised will be used for distribution expenses. In addition, Strategy also sold 801,994 shares of common stock during the same period, raising approximately $128.3 million.

According to Arkham monitoring, Morgan Stanley's spot Bitcoin ETF MSBT has deposited 71.664 BTC to Coinbase, suspected of conducting a sale operation, valued at approximately 5.09 million dollars based on market prices. After this transfer, the total amount of Bitcoin held by MSBT has decreased to 3,472 coins, valued at approximately 240 million dollars.

Tom Lee stated that the recent market anxiety, including the slight sale of Bitcoin by Strategy, is typical bottoming behavior rather than a deep-seated crisis. Michael Saylor sold 32 Bitcoins at an average price of $77,135, raising approximately $2.5 million to pay preferred stock dividends. This sale accounted for only 0.004% of the company's over 843,700 Bitcoin holdings. Furthermore, regarding the outflow of $3.4 billion from the U.S. spot Bitcoin ETF for 11 consecutive days, Tom Lee believes that capital outflow is a classic lagging indicator of market cycle reset. Bitmine's macro strategy has not changed, and its plan to purchase 111,942 Ethereum for approximately $237 million is still underway, with its Ethereum holdings currently reaching nearly 5.4 million.

The cryptocurrency exchange Deepcoin announced that it has been approved for an official license as a Bitcoin Service Provider (BSP) issued by the Central Reserve Bank of El Salvador (Banco Central de Reserva), allowing it to provide regulated Bitcoin-related services under the local compliance framework, including Bitcoin custody, Bitcoin trading, and Bitcoin-related exchange services.El Salvador is the first country in the world to establish Bitcoin as legal tender. The BSP license issued by its central bank directly connects the dual currency system of the US dollar and Bitcoin, and adopts international banking-level high standards for review in international anti-money laundering (AML/CFT) and risk control frameworks. This endorsement by a sovereign nation's legal currency, combined with a very high technical threshold, gives the BSP license significant industry value.Previously, only a few global trading platforms, such as Binance and Bitfinex, had passed this rigorous compliance review. Deepcoin's successful approval means that its technical security and compliance governance have reached the standards of leading international platforms and have received the highest recognition from sovereign regulatory authorities.Having been deeply involved in the industry for many years, Deepcoin has always adhered to the principle of "compliance first." In the future, Deepcoin will strictly operate within the regulatory framework, accelerating the expansion into emerging global markets, and providing local and global users with safe, robust, transparent, and innovative trading services.

According to Jinshi reports, Citigroup strategists have stated that the excessive bullish positions in U.S. tech stocks are putting investors at risk of a market reversal.The Citigroup team pointed out that the ongoing enthusiasm for artificial intelligence has pushed bullish market bets to the limit, particularly making the Nasdaq 100 index vulnerable to shocks. Since hitting a bottom in late March, the S&P 500 index has risen by 20%, and the Nasdaq 100 index has soared by 33%.

According to independent analyst Markus Thielen, Strategy recently made a small-scale sale of Bitcoin after the performance conference call in May, which the market interpreted as testing market reactions and the flexibility of capital allocation strategies.The analyst pointed out that although Strategy remains highly optimistic about Bitcoin, the success and expansion of the STRC preferred stock financing tool may take precedence in the overall financial arrangements. This move breaks the company's market image of "buying only, not selling" that has lasted for nearly six years. Considering Strategy's strong market influence on Bitcoin demand, this shift is quietly rewriting market expectations.

The Liberal Democratic Party's Blockchain Promotion Parliamentary Alliance in Japan submitted a policy proposal to Finance Minister Katsuyuki Kitayama, calling for the clear inclusion of blockchain and Web3 in the national strategy. The proposal covers multiple areas including tax reform, cryptocurrency ETFs, leveraged trading regulation, responses to unregistered operators, cryptocurrency strategy, and trade logistics. Among them, the proposal suggests further research on the choice mechanism for "declaration separation taxation" and "withholding separation taxation" for crypto assets, and explores the tax treatment methods for exchanges and inheritance of crypto assets.In terms of derivatives regulation, the proposal believes that the current 2x leverage limit for individual cryptocurrency trading is too low and suggests gradually increasing the leverage level in conjunction with margin management systems. At the same time, the proposal also calls for a clear positioning of the cryptocurrency ETF system and strengthening law enforcement cooperation with overseas regulatory agencies. Katsuyuki Kitayama stated that he will actively promote the construction of related systems, including facilitating the implementation of cryptocurrency ETFs and researching a new tax system to be implemented in January 2028.

According to Bloomberg, the White House is reviewing early proposals from the U.S. SEC and CFTC regarding the re-examination of swaps and security swap reporting requirements, which are currently in the pre-rule stage. The two regulatory agencies plan to solicit public opinions before formally drafting regulatory details. The current reporting rules for swaps and security swaps in the U.S. are not unified, and some existing compliance exemption policies will expire in 2029.The International Swaps and Derivatives Association and the Securities Industry and Financial Markets Association jointly sent a letter last month urging regulators to unify the data reporting standards for the two types of products, while ICE Trade Vault LLC made a similar request. The CFTC stated that this work is being carried out jointly by the two agencies, and the SEC chairman has arranged for personnel to establish a unified reporting system during the industry conference in March. The new regulations will require two rounds of agency voting and public consultation before implementation.

After multiple investments in Anthropic, Salesforce holds shares in the company valued at approximately $5 billion. According to informed sources, the software giant first participated in Anthropic's financing at the beginning of 2023, with an investment of about $50 million, and has continued to follow up in subsequent financing rounds. During this process, Anthropic has become one of the fastest-growing and most notable companies in the world. Another software company that benefited from early investments in Anthropic is Zoom Communications, which netted over $1 billion through its investment in Anthropic's Series C financing at the beginning of 2023.

According to hket, Hong Kong's Acting Secretary for Financial Services and the Treasury, Chen Haolian, stated that the authorities will submit legislative proposals to the Legislative Council within the year regarding the provision of virtual asset services and management, promoting the establishment of a comprehensive regulatory system covering trading, custody, advisory, and asset management, and implementing a mandatory licensing arrangement.The new framework will be advanced according to the principle of "same business, same risk, same rules," aligning with the current regulated activities under the Securities and Futures Ordinance, and will focus on strengthening private key management and client asset security requirements in virtual asset custody.The Hong Kong Securities and Futures Commission stated that the current applications for licenses related to virtual assets continue to increase, but licensing will adhere to the principle of "quality over quantity," balancing market capacity and quality.

A white hat hacker using the alias "0xflorent" stated on X on Sunday that he has helped recover approximately 1,003 ETH (worth about $2 million) from a faulty smart contract of the Hong Coin (HONG) token sale in 2016, involving 48 investors.Hong Coin was originally designed as a community-operated decentralized venture capital fund, with the token sale starting on August 29, 2016, and ending on October 28 of the same year, but it failed to launch due to not reaching its funding goal. The contract was supposed to automatically refund investors, but a vulnerability in the refund function caused the funds to be locked for nearly a decade.0xflorent collaborated with the HONG creator to exploit an administrator function with an integer overflow vulnerability, resetting the token holders' balances and triggering the refund mechanism through specific inputs, successfully extracting the locked funds. According to Etherscan data, one investor has already received a refund of 96 ETH (approximately $192,500). Previously, on May 24, 0xflorent also recovered 19.33 ETH from another failed token sale project from 2018.

Layer 1 blockchain Tempo proposed TIP-1061, a native multi-signature account proposal, aiming to introduce multi-signature as a native account type at the protocol layer, allowing multi-signature control without the need to deploy smart contract wallets like Safe.This solution supports M/N multi-signature, weighted multi-signature, as well as Secp256k1, P256, and WebAuthn signatures, and allows for subsequent adjustments of members and permissions while keeping the account address unchanged. This proposal is primarily aimed at scenarios involving DAOs, institutions, and validators, and is currently still in the draft stage.

The Temporal team submitted an upgrade proposal SIMD 547 within the Solana governance forum, aiming to adopt a resource demand-based fee model on Solana (new fees will be 100% burned), thereby aligning costs with computational usage and increasing the burn rate of SOL as network activity grows.

According to The Block, the Cardano Foundation stated that the Cardano 2026 summit, originally scheduled for this year, has been officially canceled due to the on-chain governance vote not reaching the required two-thirds support threshold.Previously, the Cardano Foundation submitted a revised proposal requesting the treasury to allocate 7.8 million ADA (approximately 2 million USD) for the summit to be held in October in Singapore. Although the proposal received a 65.21% DRep staking support rate and a majority of representatives in favor, it did not meet the 66.67% approval threshold required for treasury funding proposals.Cardano founder Charles Hoskinson and Cardano Foundation CEO Frederik Gregaard publicly called for support for the proposal before the voting deadline, but it ultimately did not pass.

DxSale.Network posted on platform X in response to a previous security incident, revealing that the recent vulnerability originated from the newly launched atomic swap feature on the Binance Smart Chain (BSC), affecting the v1 lock-up contract that was launched in 2021.The team has identified the source of the issue and stated that the v2 and above versions of the lock-up contract are completely secure and have passed the Certik audit. Users can rest assured that assets locked in v2 and above are not affected.

According to on-chain analyst Yu Jin's monitoring, an address suspected to belong to Dragonfly transferred 137 million SKY (9.05 million USD) into Coinbase. This SKY was likely withdrawn from Binance about 5 years ago (August 2021) when it was still MKR, valued at 20.45 million USD, having shrunk by more than half.

Regarding the incident "DxSale accused of using a backdoor to withdraw $7.3 million in liquidity funds," the security company GoPlus stated that the attack may have been an inside job, and there is still $15.5 million in funds and LP urgently needing rescue. GoPlus recommends that the project team immediately check whether their project LP is locked in the contracts 0xEb3a9C56, 0x81E0eF68, 0x2D045410, 0x5b5e9448, and if so, take immediate measures to withdraw. Since the initial funding source was Bybit, KYC tracing is recommended; the final withdrawal channels are multiple Binance addresses, and it is suggested that the relevant security teams submit on-chain evidence to apply for freezing the attacker's address.GoPlus calls on the project to strengthen security mechanisms, stating that critical admin functions must have a time lock, and Owner permissions must use multi-signature. GoPlus emphasizes that as of now, DxSale has not issued any public incident response statement, and its silence is also worth noting.

Aave Labs has released an ARFC proposal, suggesting the establishment of a standardized technical asset listing framework for Aave V3, V4, and Aave Horizon, setting unified technical requirements for asset listing, parameter expansion, and ongoing monitoring. The framework covers core areas such as ERC20 compatibility, oracles, permission control, minting and burning logic, pause and blacklist mechanisms, upgradability, exchange rates and yield mechanisms, token architecture, cross-chain bridge risks, audit and security history, and external dependencies. This framework does not replace market risk analysis and governance judgment but provides a technical qualification baseline.The framework aims to address "hidden risks" such as unlimited issuance, weak upgrade permissions, inconsistent bridging supply, opaque redemption paths, and reliance on off-chain custody. These issues may directly threaten the protocol's solvency, liquidation systems, and collateral parameter security. The framework particularly emphasizes additional scrutiny for cross-chain assets, yield-bearing assets, and off-chain dependent assets such as RWAs, including bridge structures, off-chain legal arrangements, custody mechanisms, and supply integrity. Assets with significant technical flaws may face reduced borrowing limits, restricted collateral parameters, delayed launches, or even recommendations to deny access to the protocol in the future.