JUST IN: 🇺🇸 President Trump preparing to sign crypto-related executive orders, aide says.
JUST IN: 🇺🇸 President Trump preparing to sign crypto-related executive orders, aide says.
[New Wallet Withdraws 8,491 ETH, Worth $32.47 Million] A newly created wallet address 0x86Ed has withdrawn 8,491 ETH, worth approximately $32.47 million, from OKX within the past 3 hours. The specific purpose or subsequent actions of this wallet remain unclear. (Lookonchain)
[Sonic Nodes Must Urgently Upgrade to Version 2.1.2 to Ensure Stable Connectivity] Sonic has issued an urgent notice requiring all nodes on the mainnet and testnet to immediately upgrade to version 2.1.2 to avoid connection disruptions. The new upgrade introduces native fee subsidy functionality and critical security improvements, replacing the earlier v2.1 version ahead of the full upgrade of the Sonic mainnet to Pectra compatibility. This upgrade applies to validators, RPC providers, archive nodes, exchanges, and other node operators. After the upgrade, nodes will continue to operate on the current mainnet until the transition is completed on November 3, 2025.
According to AiCoin monitoring, a large amount of funds flowed out of the US spot BTC ETF market yesterday, with a net outflow of up to $101 million. Among them, the outflow was mainly from FBTC, with a daily net outflow of $56.6 million; Next is GBTC, with a total of 56.6 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only
[Strategy Bitcoin Accumulation Rate Drops to Five-Year Low] The world's largest Bitcoin treasury company, Strategy, added only 388 Bitcoins this quarter, bringing its total holdings to 640,031 Bitcoins, an increase of just 0.1%, marking the lowest level in five years. Previously, Strategy's quarterly growth rate was typically in the high single digits or double-digit percentages, with a peak of 77% in Q4 2024. As accumulation slows, the price of its common stock, MSTR, fell by 10% this quarter. Strategy began purchasing Bitcoin on a large scale in 2020, ending the year with holdings of 70,470 Bitcoins. The growth rate peaked in 2021, slowed in 2022, and saw a rebound in 2023 and 2024.
[Stablecoins May Become a New Driver of U.S. Treasury Demand, Holdings Exceed $150 Billion] Stablecoins are gradually becoming an important component of the global macroeconomy. Currently, more than 1% of U.S. dollars exist on public blockchains in the form of tokenized stablecoins. Their holdings of U.S. Treasuries have risen from 20th place last year to 17th place, totaling over $150 billion, surpassing the U.S. Treasury holdings of many sovereign nations. Despite a global decline in demand for U.S. Treasuries and the continued growth of U.S. national debt, the stablecoin market is expected to grow to over $3 trillion by 2030, with more than 99% of stablecoins denominated in U.S. dollars. This trend could provide strong and sustainable demand support for U.S. Treasuries, potentially alleviating some debt pressures.