[CryptoQuant Analyst Claims 50% Reduction in Stablecoin Exchange Inflows Pressures Bitcoin's Price Movement] CryptoQuant analyst Darkfost pointed out that the core reason Bitcoin struggles to rebound lies in the lack of incremental liquidity dominated by stablecoins. Since August, the inflow of ERC-20 stablecoins into exchanges has dropped from $158 billion to approximately $76 billion, a decline of 50%, while the 90-day average inflow has fallen to $118 billion. This phenomenon indicates weak market demand insufficient to absorb selling pressure. The current downward trend remains unchanged, with minor rebounds mainly driven by a reduction in selling pressure. The key to Bitcoin entering a bull market lies in whether new liquidity can successfully enter the market.

[Pump.fun surpasses $205 million in cumulative buybacks within five months, ranking first among Solana protocols] Pump.fun's total buyback amount for the PUMP token has exceeded $205 million, surpassing Raydium and ranking first in cumulative buyback amounts among all Solana protocols. Since its launch five months ago, the project has repurchased 13.8% of the circulating supply of PUMP tokens.

[Aptos Ecosystem Yield Optimization Protocol Goblin Finance Completes $1 Million Strategic Financing Led by OKX Ventures] The Aptos ecosystem yield optimization protocol Goblin Finance has announced the completion of a $1 million strategic financing round, led by OKX Ventures, Gate Ventures, and BlockBooster. Aptos, Hyperion, and Aptos Labs co-founder and CEO Avery Ching also participated in the round. Goblin Finance is a yield optimization protocol specifically built for Aptos DeFi, capable of automatically executing V3 DEX and perpetual contract liquidity provider strategies, while offering dynamic rebalancing or concentrated liquidity vaults.

["Iron-Head Bull" Whale Opens New Long Positions in SUI and ETH, Adds to SEI Holdings] In the past hour, the "Iron-Head Bull" whale has opened new long positions of 1.47 million SUI (approximately $2.28 million) and 3,000 ETH (approximately $9.6 million), currently incurring unrealized losses of $15,000 and $38,000 respectively. Additionally, the whale has increased its SEI long position to 8,000,395 tokens, up by 2 million tokens compared to this morning's data, with current unrealized gains of $12,000.

Binance, Hyperliquid, and Bybit were the most affected exchanges, comprising 72% of all forced unwinds.