[JPMorgan: Circle Faces Intense Competition in the Stablecoin Market] JPMorgan analysts pointed out that with Tether, Hyperliquid, and multiple fintech companies launching new stablecoins, USDC issuer Circle is facing intensified market competition. Analysts warned that if the crypto market does not expand significantly, the U.S. stablecoin market could evolve into a 'zero-sum game,' making it difficult for issuers to increase overall market share. The report also mentioned that stablecoin supply is closely tied to cryptocurrency market capitalization, and new legislation may further drive market competition.

The current price of ETH is $4591.83, with a 2.00% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 10.01 million US dollars, with multiple orders being the main liquidation and 2.64 million US dollars (26.43%) of ETH liquidation. The data is for reference only.

Bitget NEAR/USDT's perpetual trading volume surged 7 times within 10 minutes, with a turnover of 43.53 million US dollars in the past 24 hours, an increase of 14.29% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

[EU Plans to Advance Pension and Cryptocurrency Regulatory Reforms by Year-End] EU Financial Services Commissioner Albuquerque announced plans to promote pension investment reforms and simplify transaction processes by the end of the year, while considering granting the European Securities and Markets Authority (ESMA) direct regulatory powers. Emerging sectors such as crypto asset service providers will also be included in a more centralized regulatory framework, but this will not undermine the functions of national regulatory authorities.

Hedera’s native token surged on high trading activity, breaking through multiple resistance levels and holding gains near $0.25.