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According to CoinDesk, Glassnode's Bitcoin on-chain metric RHODL ratio is currently at 4.5, which is the third highest level on record, and the signals it emits are more aligned with a market bottom rather than a cycle top.The RHODL ratio compares the value of Bitcoin held by long-term holders (holding for 6 months to 3 years) to that held by short-term holders (holding for 1 day to 3 months). An increase in the ratio typically reflects a longer holding period for chips and reduced speculative activity, rather than an influx of new buyers—this dynamic has occurred after significant corrections in 2015, 2019, and 2022. During the 50% drop in Bitcoin over the past six months, young speculative chips have been largely washed out, concentrating wealth among long-term holders.Historically, the RHODL ratio has only been higher than the current level twice: in 2015 (ratio of 5) and in 2022 (ratio of 7), both corresponding to cycle bottoms, which suggests that Bitcoin may still have further downside potential. However, to push the ratio to higher levels, it typically requires the activity of short-term holders to be nearly exhausted, and this condition is not yet evident under current circumstances—Bitcoin has rebounded about 25% from its February low, perpetual contract funding rates remain negative, and the S&P 500 has also reached an all-time high.Overall, this indicator suggests that the current market conditions are closer to an adjustment within the cycle rather than a cycle top formation, and the re-dominance of long-term holders in the market may indicate that a phase bottom is approaching.

AI native infrastructure and programmable IP blockchain Story announced the launch of the Confidential Data Rails (CDR) testnet, a universal secure data transmission architecture designed to enable the secure flow and compliant use of sensitive data in AI and general scenarios, under the premise that data is always encrypted and does not leave the domain.CDR supports end-to-end encryption, preset access permissions, and provides secure sharing capabilities for API keys and integration credentials. In addition, Story, as the infrastructure provider for the Seoul Exchange over the next two years, will provide ongoing technical and ecological support for the Korean RWA market.

Slow Fog has once again issued a security reminder stating to pay attention to checking for malicious versions of axios and the exposure risk of OpenClaw npm global installation history. [email protected] and [email protected] have been confirmed as malicious versions, both of which have injected the dependency [email protected], delivering cross-platform malicious payloads through the postinstall script.The impact of OpenClaw is assessed based on scenarios: source code builds are not affected, as the locked versions in the lock file are 1.13.5/1.13.6; however, users who installed via npm install -g [email protected] face historical exposure risks due to the presence of optionalDependencies.axios@^1.7.4 in the dependency chain, which may resolve to [email protected] during the time window when the malicious version is still online. Currently, npm has reverted the resolution to [email protected], but environments that were installed during the attack window are still advised to be checked. Slow Fog has provided inspection commands and IoC paths for various platforms; if the plain-crypto-js directory is found, even if the package.json has been cleaned, it should still be regarded as high-risk execution traces. It is recommended that affected hosts immediately rotate credentials and conduct host-side inspections. Previously, Slow Fog founder Yu Xian reminded that OpenClaw version 3.28 may introduce a toxic version of axios, and users need to urgently check.

According to Coinglass data, Bitcoin's return rate this year is currently reported at -0.76%, which may record a consecutive 6 months of decline.Historically, a similar situation has only occurred once: from August 2018 to January 2019, it fell approximately 54.8% over 6 months. Subsequently, Bitcoin experienced a consecutive 5 months of increase (from February 2019 to June 2019), with a cumulative increase of up to 208.1%.

The AI game creation platform Verse8 has completed a $5 million seed round of financing, with participation from Story Foundation, NEXPACE (Nexon's Web3 division), Neowiz, MARBLEX (Netmarble's Web3 division), Solarium Labs, and NEXUS.The new funds will be used to advance Verse8's core AI system, expand the onboarding and incentive programs for creators, and enhance its publishing and distribution infrastructure. Verse8 was co-founded by JC Kim and Kevin Lee, allowing creators to generate fully playable multiplayer games within minutes using natural language prompts, without the need to write code, install engines, or assemble large production teams.

Marc Andreessen, co-founder of Andreessen Horowitz (a16z), posted on X that the combination of OpenClaw and Pi is one of the top ten software breakthroughs of all time.It is reported that Pi (full name Pi Coding Agent) is a minimalist AI coding agent developed by Mario Zechner (@badlogicgames) at the end of 2025, and it is the core "kernel" of OpenClaw. It provides only four tools for LLM (language learners) — reading, writing, editing, and bash — along with a concise prompt for iteratively building, running, and fixing code autonomously. There are no bloated features.Peter Steinberger, founder of OpenClaw, retweeted the post.

According to Decrypt, the YouTube comedy short "Crypto Castle" has been released, set in an era when the price of Bitcoin was only $250.Actress Viv Ford plays Viv, telling the story of her living in an apartment with four early Bitcoin users, showcasing the development and evolution of cryptocurrency as a subculture.

According to Bitcoin News, the Internal Revenue Service (IRS) has introduced a new form for cryptocurrency audits, requiring taxpayers to report the complete history of the trading platforms and wallets they have used.The form lists over 100 platforms, including Coinbase, Binance, Kraken, FTX, and Mt. Gox, as well as self-custody wallets like MetaMask, Ledger, and Trezor. Taxpayers must indicate "yes" or "no" for each platform and sign to confirm that the information provided is true and accurate; otherwise, they may face perjury penalties.The form is designed to map the complete cryptocurrency footprint of taxpayers across exchanges and wallets, potentially tracing back several years. Tax professionals warn that this document could pose significant legal risks and advise consulting a crypto tax attorney before signing. Failing to disclose platforms used years ago may raise questions, while disclosing too much could also lead to new investigative leads.

Dragonfly managing partner Haseeb Qureshi recently engaged in a public debate on social media with former co-founder Alexander Pack (now co-founder of Hack VC).Haseeb posted a reflection on his experience building the venture capital firm, stating that Dragonfly's early brand and system were not yet established, and that development and scaling only began after his arrival. In response, Alexander Pack countered that Dragonfly had already been co-founded by him and Feng Bo for over a year before Haseeb joined, and had committed to leading investments in projects such as Bybit, Amber Group, and Crusoe, with the relevant fund announcements made prior to Haseeb's employment.Haseeb then responded, claiming that some of the other party's statements were inconsistent with the facts, and clarified the specific roles and decision-making processes regarding project investments, leading to an ongoing debate between the two about the company's founding phase and investment contributions.