In the past year, Tether protocol revenue reached 5.257 billion US dollars, ranking first

[Tom Lee Says Crypto Market Deleveraging Cycle May Be Nearing Its End] BitMine Chairman Tom Lee stated in an interview with CNBC that the current weak performance of the crypto market is similar to the crash triggered by stablecoin pricing errors on October 10, during which nearly 2 million accounts were liquidated and liquidity dried up rapidly. He noted that such deleveraging cycles typically last around 8 weeks, and the market is now in its 6th week, possibly nearing the end of the adjustment phase.

Binance has partnered with Yahoo! Japan subsidiary and local crypto exchange TaoTaoThe trio will operate a licensed crypto exchange in the countryThe news follows Binance’s move to gradually stop serving Japanese residents on its main platform

In the past two weeks, wallets suspected to be associated with Ethena Labs have purchased a total of 260.15 million ENAs worth $78.66 million from Bybit and Coinbase Prime. Currently, these ENAs are worth $66.55 million with a book loss of $12.1 million. The address is: 0x631eE55b8Ecd7Afb53ec30211a082691a4Cbe3ae. （Onchain Lens）

[Alliance Founder Warns Crypto Market May Face Over 50% Pullback] Alliance Founder @QwQiao recently reiterated his warning about the cryptocurrency market, expressing agreement with previous predictions. He pointed out that the next bear market could be more severe than expected due to a large number of investors with limited understanding of cryptocurrencies purchasing digital asset trading platforms and ETF products. He believes this situation could lead to a market pullback of approximately 50%, and the market would need these investors to clear their positions before it can establish a foundation and resume growth. He did not provide a specific timeline but expressed confidence in his prediction.

[Whale Address wstETH Collateral Position Liquidated Due to ETH Falling Below $2,900] Monitoring data shows that address 0x3ee3…42a6, in a long position using wstETH as collateral to borrow USDC, triggered the liquidation mechanism as ETH fell below $2,900, with a total liquidation amount reaching $6.52 million.