INIT rose to a new high of $0.258, marking its highest level in nearly a year.

Data from Goldman Sachs' prime brokerage business shows that global macro hedge funds have not significantly reduced their equity holdings during the recent decline in the S&P 500. Given the large index exposure of these funds, concentrated adjustments to their positions could exacerbate stock market volatility. Goldman Sachs models estimate that S&P 500 futures face approximately $28 billion in potential selling pressure in the coming week, and $45 billion in potential selling pressure over the next month, driven by systematic trading strategies. Furthermore, SpotGamma data shows that the S&P 500 index has negative gamma exposure in the 7000-7550 point range, and hedging activities by options traders could amplify short-term price volatility. (Source: Bloomberg)

The U.S. spot Bitcoin ETF saw a net outflow of $696 million on Friday, the largest single-day outflow since January. There have only been two days in the past year with significantly larger outflows, and both of those days occurred before price declines. (glassnode)

Strategy raised $283.8 million in MSTR shares to repurchase $188.3 million in STRC preferred stock and spend $81.9 million to buy 1,036 BTC. Since October, Strategy has repurchased approximately $1.06 billion in STRC preferred stock, increasing its holdings to 850,400 BTC. Peter Schiff: STRC is dead, kept alive by artificial life support. MSCI will announce the list of companies facing removal from its index in two days. (Source: Bitcoin News)

OKX - DOS/USDT contract is showing unusual activity, currently priced at $0.1643, down 13.75% in the last 24 hours. Please keep an eye out for further price opportunities!

Helius has launched Solana Privacy Rings, a permissionless privacy protocol, on the Solana mainnet. This protocol supports SOL, SPL, and Token-2022 tokens, with encrypted asset types and amounts for transfers, while wallet addresses are publicly visible. Users can deposit assets into a privacy pool, initiate private transfers to any Solana wallet address, or withdraw assets to their public balance. Transactions are executed and settled on the Solana mainnet. Developers can integrate privacy features into existing applications via API and SDK. Teams such as Jupiter, Backpack, and DFlow are currently integrating the protocol. The licensing-based institutional version, Custom Rings, is currently under audit and is expected to launch on the mainnet in the coming weeks. It will support selective disclosure, audited access, and KYC-based whitelisting. (Source: Solana Foundation)