[U.S. SEC Extends Review Period for Nasdaq Ethereum Trust Staking Proposal] The U.S. Securities and Exchange Commission (SEC) has issued a document stating that the Nasdaq exchange has submitted a proposal to amend the rules related to the iShares Ethereum Trust to allow staking of Ethereum held by the trust. The SEC has decided to extend the review period for the proposal, with a final decision, including approval, rejection, or initiation of further review procedures, to be made no later than October 30, 2025. This decision reflects the regulator's cautious approach toward rules related to crypto asset staking.

The current price of ETH is $4354.42, with a 0.97% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 182 million US dollars, with the main liquidation being short orders and ETH liquidation being 40.22 million US dollars (22.00%). The data is for reference only.

Bitget SPX/USDT's perpetual trading volume surged 6 times within 10 minutes, with a turnover of 12.58 million US dollars in the past 24 hours, an increase of 1.42% 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

Member indicators show that the current BTC trading volume has shrunk to 28% of the average level, and market activity has significantly decreased, suggesting that a short-term reversal may be brewing. At the same time, the K-line pattern showed an upper hanging line and a flat top, combined with a continuous decrease in MACD bar chart, indicating an increasing downward momentum, further verifying the bearish signal. Although the price is above the EMA24/52 moving average, the top pattern structure and the divergence trend behind the KDJ golden cross indicate that the bullish power is weakening, and a local top may have formed. The chip distribution shows that the strong support is at $111173, and if it falls below, it may accelerate the downward trend. Open a membership, receive real-time trading signals, and accurately grasp trading opportunities! The data is sourced from the PRO member's [BTC/USDT Binance 90 minute] candlestick, for reference only, and does not constitute any investment advice.

[U.S. Senators: Crypto Market Structure Bill Expected to Pass This Year] According to a report by Jinse Finance, U.S. Senators Cynthia Lummis and Kirsten Gillibrand stated that bipartisan efforts to advance crypto market structure legislation are ongoing, with hopes of completing it by the end of the year. Previously, the Senate Banking Committee had set a target for the end of September, but progress has been delayed to October or even year-end. Gillibrand emphasized that Congress is currently facing fiscal cliff negotiations and that legislation should not be bound by 'artificial deadlines,' adding that no 'red lines' have been drawn in the negotiations. Lummis, on the other hand, stated that 'it must be completed by the end of the year,' likening the process to being 'pregnant for four years.' Democrats proposed that the bill should include consumer protections, delineation of regulatory authority, and ethical provisions, such as prohibiting the President, Vice President, and their families from profiting from crypto projects to avoid conflicts of interest. Gillibrand stressed that an ethical perspective is crucial for building trust in the industry, while Lummis argued that restrictions on officials' investments should be legislated alongside other securities, rather than singling out cryptocurrencies.