A US class action lawsuit related to Silvergate Bank is calling for over 46000 FTX and Alameda customers to file claims to distribute the proposed $10 million settlement, accusing the bank of alleged misconduct in assisting these companies. （Cointelegraph）

[U.S. Stock Market Closes with All Three Major Indexes Down, Nvidia Drops 3.8%] The U.S. stock market closed on Wednesday with the Dow Jones Industrial Average preliminarily down 0.47%, the S&P 500 down 1.16%, and the Nasdaq down 1.8%. Nvidia fell 3.8%, Oracle dropped 5.4%, and Pinduoduo declined 3.6%. The Nasdaq Golden Dragon China Index closed down 0.73%, Alibaba fell 1.4%, while Dingdong Maicai surged 22.8%.

[Federal Reserve Board Issues New Policy Statement to Promote Bank Innovation] The Federal Reserve Board on Wednesday withdrew the 2023 policy statement and issued a new policy statement to promote responsible innovation by regulated banks. Regulatory Vice Chair Michelle W. Bowman stated that the Federal Reserve Board is ensuring the safety of the banking industry by creating pathways for innovative products. The new policy statement creates pathways for insured and uninsured state member banks regulated by the Federal Reserve Board to engage in certain innovative activities.

Binance WLFI/USDT's perpetual trading volume surged 8 times within 10 minutes, with a turnover of $50.45 million in the past 24 hours, a decrease of 3.11% 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 Binance contracts ranks first in the world

The futures trading volume in 2025 has reached a historic high, driven by on chain activities led by Hyperliquid, while CEXs still dominate the market. （Cointelegraph）