BlackRock Fund: $2.5 Billion Fund to Launch Binance and BNB Chain

Analysts caution that the market remains vulnerable to further declines, with large token movements and macroeconomic factors contributing to uncertainty.

The price of Ethereum fell by 8%, while ETF funds related to Ethereum flowed out by over $1.4 billion, causing long-term holders to begin selling assets. （CoinDesk）

[Multicoin Capital Invests in Ethena Protocol's Native Token ENA] Multicoin Capital announced the use of liquid funds to invest in Ethena Protocol's native token ENA.

Over the past 30 days, more than $5.76 billion in stablecoins have been deposited into Binance, indicating that traders are transferring funds to the exchange for purchases or trades. （CryptoQuant）

The Bank of England has released a new stablecoin proposal, although some early suggestions have been relaxed, the industry believes that the relevant regulations are still too strict. （Cointelegraph）