JPMorgan Chase stated in a CNBC livestream that Bitcoin has now become a leading indicator in the entire US market. JPMorgan Chase has assets worth $4 trillion. （The Bitcoin Historian）

[USDe Becomes an Available Quotation Asset on Hyperliquid Market] Ethena Labs announced that its issued stablecoin USDe has been included in the Hyperliquid spot market and HIP-3 perpetual contract market as an available quotation asset.

[16,343,200 POL Transferred to Coinbase, Valued at Approximately $2 Million] According to Arkham data, at 21:33 (UTC+8), 16,343,200 POL (valued at approximately $2 million) were transferred from an anonymous address (starting with 0x27F5...) to Coinbase.

[Deutsche Bank Analyst: Fed Rate Cuts to Address Inflation May Pressure the Dollar] Deutsche Bank analyst Antje Praefcke stated that if the next Federal Reserve Chair responds to U.S. President Trump's call for rate cuts amid high inflation, the dollar could face downward pressure. Kevin Hassett, the White House National Economic Council Director expected to be nominated, is seen as a loyal supporter of Trump, which increases the likelihood of Fed rate cuts. Praefcke believes that if the Fed fails to effectively curb inflation risks, it will negatively impact the dollar. Even if the market merely anticipates the Fed adopting a more dovish stance, it would be enough to put pressure on the dollar.

**[Circle Establishes Foundation, First Phase Focuses on Enhancing Financial Resilience of U.S. Small Businesses]** Circle announced the establishment of a foundation aimed at promoting financial resilience and inclusivity in the U.S. and globally. The foundation is initiated through Circle's "Pledge 1%" equity commitment and will support groups that strengthen the financial system, including organizations supporting small businesses in U.S. communities and international humanitarian aid agencies. The first phase focuses on enhancing the financial resilience of U.S. small businesses, which employ nearly half of the U.S. private sector workforce and contribute over 40% of GDP but face challenges such as access to financing and digital tools. The foundation will collaborate with Community Development Financial Institutions (CDFIs) through grants, prioritizing technologically advanced and results-driven institutions to expand the reach and impact of financial support.