Analysis: Ethereum technology indicators are on the edge of a 'death cross' mode

Odaily Planet Daily News: Binance executives stated in a recent interview that the regulatory framework for virtual assets in Hong Kong is relatively cautious and moving in the right direction. They suggest further relaxing restrictions and allowing more virtual assets products and services to enter the local market while protecting investor rights. However, there is no direct response to market concerns about whether Binance intends to return to the US market or enter the Hong Kong market. They only emphasize that the Asia Pacific region is a global economic growth engine and the local cryptocurrency usage rate is high. They hope to participate in and support the development of virtual asset markets in relevant places in different ways. (Sing Tao Daily)

BTC has accelerated its decline after falling below the key chip peak of $96469.26, and is currently entering the lower edge of the chip intensive zone, with weak support in the chip vacuum zone below. And if Binance's major players continue to ship, and the price cannot quickly recover, it is likely to further exacerbate the downward trend. Please note that the BTC daily level has fallen below the MA120 moving average and formed a black three soldier pattern, with bearish sentiment dominating. The 38.2% Fibonacci retracement level will become the key support, with the main range being $88000~$87800. Interpretation of Chip Peak: Chip peak represents a densely traded area. When the chip peak is below the price, it can be considered as support. If the support level does not break, the price will rebound; If it falls below the support level, the market will accelerate its decline. The data is sourced from PRO members, for reference only, and does not constitute any investment advice!

Odaily Planet Daily News: CryptoQuant has disclosed data showing that whales are buying during market downturns, with 26430 BTC flowing into whale accumulation addresses, typically related to over-the-counter trading and long-term custody.

Odaily Planet Daily News: OKX Explorer announced that it has added the "Hack" tag to suspicious Bybit hacker related addresses, and as of now, the number of marked addresses has reached about 1000.

Odaily Planet Daily News: According to Zack Shapiro, the policy director of the Bitcoin Policy Research Institute, the US Congress may pass a stablecoin bill in the coming months. Regulatory clarity will open institutional funding gates, especially after the stablecoin bill is passed, the banking system may trigger a wave of "compliant stablecoin" issuances, injecting new momentum into the market. He explained, "I believe all banks want to do this and compete with Tether, but currently lack sufficient regulatory clarity. Therefore, once the stablecoin bill is passed by Congress, it may bring a large amount of capital inflows." However, the uncertainty in the legislative process may lead to short-term selling pressure, but in the long run, it will solidify the value foundation. （businessinsider）