$BTC $GT $ETH #WCTC交易王PK #比特币站稳8万关口 #Aave起诉要求解冻7300万美元ETH #LayerZeroCEO承认协议缺陷 #LayerZeroCEO承认协议缺陷
Market Update
Total cryptocurrency market capitalization increased by 1.59%, reaching $2.78 trillion. Over the past 24 hours, Bitcoin (BTC) rose 1.66% to $81,500, while Ethereum (ETH) increased 0.79% to $2,380. All market sectors recorded gains. The SocialFi sector saw a particularly notable rise, reaching 25%, while other sectors were up in the range of 0–5%.
Banking Group Challenges Senate Stablecoin Proposal
Major U.S. banking associations said that the recent Senate compromise on stablecoin legislation “failed to meet expectations,” intensifying conflicts between traditional finance and the digital asset industry. The proposed wording would ban paying interest directly on stablecoins, but would allow “activity-based rewards,” which the banking group believes creates a major loophole. The core investment concern is the risk of deposit outflows. Banks worry that interest-bearing stablecoins offered by exchanges like Coinbase could siphon off trillions of dollars from the traditional banking system, affecting their lending capacity. A win for the crypto industry would legitimize a powerful new type of yield product outside banking regulation, while a win for banks would severely limit the attractiveness of stablecoins as a U.S. cash management tool.
Bullish Announces $4.2 Billion Acquisition of Transfer Agent Equiniti
Cryptocurrency exchange Bullish is taking a major step by acquiring major SEC-regulated transfer agent Equiniti for $4.2 billion, connecting traditional capital markets with digital capital markets. This vertical integration provides Bullish with essential infrastructure to issue, manage, and maintain tokenized real-world assets (RWA), such as stocks on the blockchain. From an investment perspective, this positions Bullish as a key player in the tokenization space, which is expected to become a multi-trillion-dollar market. By controlling a regulated record system for 20 million shareholders, Bullish is building a foundational layer to provide services such as automated corporate actions and 24/7 trading of tokenized securities, aiming to generate revenue from the modernization of financial pipelines.
a16z Crypto Raises $2.2 Billion for Its Fifth Risk Fund
Venture capital firm Andreessen Horowitz (a16z) has raised a new $2.2 billion crypto-dedicated fund, showing that institutional confidence remains strong despite market volatility. Although it is lower than the record $4.5 billion fund in 2022, this successful fundraising confirms that top-tier venture capital firms continue to allocate large amounts of capital to the sector. For investors, it provides a key signal about the flow of complex capital. a16z said its focus is shifting from speculation to “real adoption,” emphasizing that on-chain capital markets and stablecoin utility are the primary growth areas. The fund’s deployment will provide long-term room for early-stage companies building next-generation infrastructure and applications, indicating that value is expected to accumulate in projects with clear product-market fit.
CME Group to Launch Bitcoin Volatility Futures
CME Group plans to launch cash-settled bitcoin volatility futures, offering institutional traders a regulated way to hedge or speculate on BTC price fluctuations without directly accessing the asset itself.
State Street and Galaxy Launch Tokenized Fund on Solana
Financial giants State Street and Galaxy have partnered to launch SWEEP on Solana, a tokenized fund that enables institutional investors to move stablecoins into yield-generating instruments, further validating blockchain’s use in institutional finance.
Coinbase to Cut 14% of Staff in AI Transformation
Coinbase is laying off approximately 14% of its employees to reduce costs and strategically restructure into a more efficient “AI-native” company. This reflects both market pressure and a long-term operational shift.
CFTC Takes Action to Officially Protect Software Developers
CFTC Chair announced plans to establish formal rules confirming that developers of non-custodial software (such as crypto wallets) do not need to register as brokers, providing important regulatory relief and clarity for the DeFi ecosystem.
Italian Bank Proposes Tokenized SEPA Payments
A senior official at the Bank of Italy called for the EU to explore creating a tokenized version of its Single Euro Payments Area (SEPA) system, indicating strong interest in integrating blockchain with Europe’s core payment infrastructure.
