Crypto Markets Today: ENA, DOGE Rally as Bitcoin Downside Concerns Linger

**[Former Standard Chartered Executive: Stablecoins Need to Offer Yields to Enhance Competitiveness]** Odaily Planet Daily reports that Will Beeson, founder of the RWA liquidity platform Multiliquid and Uniform Labs, as well as former head of tokenized assets at Standard Chartered Bank, stated that in the increasingly competitive stablecoin market, providing yields to users will become a key factor. He pointed out that the "GENIUS Act" prohibits issuers from directly paying interest or yields to holders but does not restrict third parties, such as exchanges, from offering interest or rewards. For example, Coinbase currently pays interest on USDC balances held on its platform. Beeson noted that this "loophole" has become a focal point of contention between Wall Street and the crypto industry. Banking lobby groups are concerned that high-yield stablecoins could siphon off up to $6.6 trillion in bank deposits and are pushing Congress to further tighten related provisions. (Decrypt)

Bitget TIA/USDT's perpetual trading volume surged 8 times within 10 minutes, with a turnover of 15.04 million US dollars in the past 24 hours, an increase of 8.64% 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 Bitget contracts ranks fourth globally

[Japanese Publicly Listed Company Convano Raising $139.2 Million Through Bond Issuance to Increase Bitcoin Holdings] According to BitcoinTreasuries.NET, Japanese publicly listed company Convano (stock code: 6574.T) is raising $139.2 million through the issuance of its fifth series of unsecured bonds to increase its Bitcoin holdings.

[Vietnam Approves Five-Year Pilot Program for Crypto Asset Trading Market] According to Foresight News, citing Zhitong Finance, Vietnam has approved a five-year pilot program for the crypto asset trading market.

In the past 12 hours, the large transaction indicator showed a net inflow of $14.67 million for the main force, with a total buying amount of $38.06 million far exceeding the selling amount of $23.39 million, showing a clear bullish trend. But the latest data shows that after a large market buy order of $2.14 million appeared at 16:55, two consecutive large market sell orders of $1.12 million followed closely, indicating that upward pressure is emerging. Although the MACD bar chart continues to grow, the J value has entered an extremely overbought zone. Combined with the distribution of large transactions, there is a possibility of price correction. Open membership, track key trends in real-time, and seize every critical turning point! The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.