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According to CoinDesk, the crypto market shows signs of stabilization after a significant sell-off on Tuesday, with Bitcoin and Ethereum rebounding from their recent lows, but the overall derivatives market remains in a risk-off state.On the macro level, the U.S. House of Representatives passed a government funding plan to end part of the government shutdown, boosting U.S. stock futures and global risk assets; precious metals also rebounded, with gold returning above $5,000 and silver rising to around $90, with a daily increase of nearly 6%.In the derivatives market, traders continue to reduce risk exposure, with the total nominal open interest of crypto futures contracts across the network dropping to $105.9 billion, the lowest level since April of last year. The 30-day implied volatility of Bitcoin has climbed to an annualized 53%, the highest level since December 1, while the open interest in Bitcoin and Ethereum futures has decreased by 0.7% and 2%, respectively.

According to Coindesk, former Olympic snowboarder Ryan Wedding has been charged by U.S. authorities with using cryptocurrency for drug trafficking and has been arrested in Mexico and extradited back to the United States.U.S. authorities arrested former Canadian snowboarder Ryan Wedding on Friday and apprehended a drug lord suspected of using cryptocurrency networks to transfer and launder his criminal proceeds. Ryan Wedding was placed on the FBI's Ten Most Wanted Fugitives list for alleged cocaine trafficking and murder. According to the FBI, Ryan Wedding is linked to the Sinaloa drug cartel and was sanctioned by the U.S. Treasury's Office of Foreign Assets Control in November.

JPMorgan stated that the previous "de-risking" process in the crypto market may be nearing its end, with signs of stabilization in the fund flows of Bitcoin and Ethereum ETFs. The analysis team led by JPMorgan Managing Director Nikolaos Panigirtzoglou pointed out in a recent report that although BTC and ETH ETFs experienced outflows in December 2025, global stock ETFs recorded a historic monthly net inflow of $235 billion during the same period, several indicators began to improve as January 2026 approached.The report noted that the fund flows of Bitcoin and Ethereum ETFs have shown "signs of bottoming," while the positions in perpetual contracts and CME Bitcoin futures indicate that selling pressure is easing. Analysts believe that the phase of retail and institutional investors simultaneously reducing positions during the fourth quarter of 2025 is likely over.Additionally, JPMorgan pointed out that MSCI's decision not to exclude Bitcoin and crypto asset reserve companies from the global stock index in the February 2026 index review also provided the market with "at least a temporary relief," benefiting related companies including Strategy. The report also denied that the recent pullback in the crypto market was due to worsening liquidity. JPMorgan believes that the real trigger was MSCI's statement on October 10 regarding MicroStrategy's index status, which initiated a systemic de-risking operation, and current signs indicate that this process is essentially complete.

Cointelegraph monitored that shortly after the Fusaka network upgrade, the participation of validators in the Ethereum network sharply declined due to a bug in the Prysm consensus client, resulting in a large number of voting nodes going offline.Prysm officially announced on Thursday that its v7.0 version client unnecessarily generated old states when processing outdated attestations, causing nodes to malfunction. Developers recommended that users temporarily start the client with the "--disable-last-epoch-targets" flag as a workaround.Data from Beaconcha.in shows that in Epoch 411,448, the network's sync participation and voting participation dropped to 75% and 74.7%, respectively. The voting participation decreased by 25%, falling just under 9 percentage points short of the two-thirds majority (66.6%) required for the network to maintain finality.The extent of the decline in voting participation roughly corresponds with the share of validators using the Prysm consensus client, indicating that the failures in attestations are likely concentrated among Prysm validators. Previously, Prysm's share had reached as high as 68.1%. As of the time of writing, the current voting participation in the Ethereum network's Epoch (411,712) is nearly 99%, with sync participation at 97%, indicating that the network has recovered.Current data from MigaLabs shows that Lighthouse still accounts for 52.55% of consensus nodes, with Prysm in second place at 18%. Ethereum educator Anthony Sassano stated that if Lighthouse encountered this bug, the network would lose finality.

ChainCatcher message, Bitget on-chain trading has launched the Solana ecosystem's MEME tokens ORANGE, 67, Smiski. Users can start trading in the on-chain trading section.

ChainCatcher news, according to Cointelegraph, Cardano founder Charles Hoskinson stated that the draft audit report of ADA holdings by Input Output Global (IOG) has been completed and is expected to be publicly released in mid-August.Hoskinson plans to provide a detailed interpretation of the report's content through a live stream and is considering legal action against false accusations. Previously, some community members questioned IOG's handling of $619 million worth of ADA tokens during the hard fork in 2021.Hoskinson emphasized that IOG has never held 350 million unclaimed ADA, and the remaining tokens have been donated to the Intersect organization. The current price of ADA is $0.8389.

ChainCatcher news, Musk posted on social platform X, "When and where should we hold the first convention of the 'American Party'? It will be very interesting!"Previously, due to dissatisfaction with Trump's "Big and Beautiful" plan, Musk announced the establishment of the "American Party" on the 5th, attracting attention.According to the American New York Times, a source revealed that Musk has recently discussed plans for establishing a new political party with friends.

ChainCatcher message, Musk initiated a poll on X, "Independence Day is the best time to ask if you want to get rid of the two-party system (some might say a one-party system)! Should we create an American Party?"

ChainCatcher news, according to Cointelegraph, the NFT project Pudgy Penguins is developing a skill-based competitive game called Pengu Clash on the TON blockchain. The game adopts a "play-to-win" model, allowing players to earn rewards through gaming skills rather than speculation.Pudgy Penguins CEO Luca Netz stated that this is a skill-based game where players bet against each other, rather than earning tradable tokens provided by the game in a traditional "game mining" model. The choice to develop on the TON blockchain is due to the large and unique user base of Telegram, particularly users from regions like Scandinavia.

ChainCatcher news, Bitget officially launches a new brand interactive experience, bringing iconic elements of La Liga (LALIGA) into the App interface, creating an immersive scene that combines football competition and crypto trading. Users can select their favorite teams (such as Barcelona, Real Madrid, etc.) in the Bitget App and switch to exclusive trading skins with one click, showcasing their unique trading style.After users choose their desired team skin, they will automatically join the corresponding team's leaderboard. For every trading task completed, the team will earn corresponding points, and the leaderboard will be updated weekly. Through personalized interfaces and interactive mechanisms, explore the cross-border integration of sports culture and digital trading.

ChainCatcher news, TRON founder Justin Sun has been continuously posting about two executives from Binance, engaging in friendly interactions. In these posts, Justin Sun revealed that his marketing skills were learned from Binance co-founder He Yi, and he reached an agreement with Zhao Changpeng in the comments section regarding the principle of "protecting users."Following today's WSJ incident, Justin Sun quickly expressed on social media that he was unaware of the rumors circulating online, emphasizing that Zhao Changpeng is his mentor, friend, and benefactor, who has provided attention, guidance, and direction throughout his entrepreneurial journey. Zhao's principles and style of conduct are the highest standards that Justin Sun aspires to as an entrepreneur. Just now, Zhao Changpeng replied to Justin Sun in the comments section after the WSJ incident with a "handshake" and a "want to cry but no tears" emoji.

ChainCatcher message, Zhao Changpeng stated that he has received hundreds of messages through Reachme.io. To improve communication efficiency, he shares the following suggestions:Start by clearly stating your request, such as seeking investment;Clearly articulate your requirements, for example, we are raising $500,000 at a $5 million valuation;Keep it concise;Questions should be precise, avoid asking broad questions;Avoid ineffective requests, do not waste money. I do not recommend tokens, do not evaluate projects, do not participate in Meme token interactions based on requests, do not provide personal crypto donations, and do not follow accounts based on requests;If recommending a project, briefly explain the project's advantages;Constructive feedback is welcome, valuable suggestions may be rewarded;I am looking for builders and talents with execution ability.

ChainCatcher news, according to Bloomberg, the return on investment for CS2 skins has recently surpassed that of the S&P 500 index and major crypto assets (Bitcoin and Ethereum), becoming one of the best-performing asset classes.Data shows that the total value of in-game items in CS2 has exceeded $4.3 billion and is showing a continuous upward trend, while Bitcoin, Ethereum, and the S&P 500 index have all experienced declines during the same period.

According to ChainCatcher, USDM by Moneta Digital reports that Hoskinson Family Office, Inc. (HFO) has announced an investment of $1.5 million in W3i Software, Inc. to support the development of USDM, Cardano's first MiCA-compliant, fiat-backed stablecoin, promoting the integration of DeFi and traditional financial systems. USDM is issued by Moneta Digital and meets the stringent standards of the EU's Markets in Crypto-Assets Regulation (MiCA), providing compliant on-chain financial solutions for institutions, banks, and governments.

ChainCatcher news, during a live broadcast Charles Hoskinson claimed that he will go to Japan with the Cardano community on Friday, where he will discuss Cardano's budget and other issues, and he also mentioned "Cardano is for the world."

ChainCatcher news, according to Unchained, sources from the White House revealed that Cardano co-founder Charles Hoskinson was not invited to the White House cryptocurrency summit on March 8.The sources stated that Cardano did not participate in policy discussions and was not invited to meet with the government. Hoskinson had previously hinted at attending a fundraising dinner for the pro-crypto PAC MAGA Inc., but the White House indicated that he was not invited.