ETH falls below the $3500 mark

[Greeks.live: Some Community Members Predict Bitcoin Bottom Could Be $96,000-$98,000] Greeks.live macro researcher Adam released a Chinese community briefing, pointing out that there is disagreement within the group regarding market direction. Some traders are concerned that the crypto market may be entering a bear market, while some community members believe that the Bitcoin bottom this year could be around $96,000-$98,000. The rising bottom for altcoins is seen as a positive signal. The key disagreement lies in whether the current position is a top or a bottom. Some traders believe 'a drop means a bear market,' but various signals suggest 'it's hard to believe the current position is the market top.'

Coinbase announced plans to leave Delaware and relocate its registered office to Texas, but has not yet released a specific timeline or further details. （CoinDesk）

[Mixed performance in the crypto sector as U.S. stock market opens, Coinbase drops 4.38%] At the opening of the U.S. stock market, the Dow Jones rose 0.18%, the S&P 500 increased 0.31%, and the Nasdaq climbed 0.41%. The crypto sector showed mixed performance, with CRCL up 4.5%, BitMine up 6.16%, and Coinbase down 4.38%. (msx.com) is a decentralized RWA trading platform that has launched hundreds of RWA tokens, covering U.S. stock and ETF token assets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, NVDA, and more.

At the opening of the US stock market, the Dow Jones Industrial Average rose 145 points, the Nasdaq rose 85 points, and the S&P 500 index rose 0.28%.

[Kyrgyzstan Issues $50 Million Stablecoin and Suspends Nationwide Crypto Mining Operations] Kyrgyzstan has issued the national stablecoin USDKG, with an initial batch of approximately 50.14 million units, each with a nominal value of $1. The stablecoin is issued by a state-owned enterprise controlled by the Ministry of Finance and backed by gold reserves, intended for use in cross-border payments and trade. The government plans to increase the allocation to approximately $500 million, with a final target of around $2 billion. Additionally, Energy Minister Talaybek Ibraev announced that due to power shortages, all crypto mining operations nationwide have been disconnected from electricity and the internet, with consumption restrictions implemented. Meanwhile, electricity is being imported from neighboring countries (including Russia) to alleviate energy pressures.