The Brazilian central bank plans to implement a 24-hour delay processing mechanism for large dollar stablecoin transfers. （Cointelegraph）

According to Onchain Lens monitoring, UXLINK hackers exchanged $10.54 million worth of DAI for 6001 ETH at an average price of $1757 and transferred the funds to Tornado Cash.

Kalshi predicts that the market will show a 66% chance of the Bitcoin and Cryptocurrency Clarity Act being voted through by over 60 senators. （The Bitcoin Historian）

[The Central Bank of Brazil Advocates Classifying Stablecoins as Electronic Money, Brazilian Crypto Economy Association Opposes] According to Bitcoin.com, the Central Bank of Brazil stated during a congressional hearing that stablecoins should be classified as electronic money instruments and included in a stricter regulatory framework. The Brazilian Crypto Economy Association opposed this, arguing that such classification would create regulatory conflicts, hinder the adoption of stablecoins in institutional and retail markets, and deviate Brazil from international regulatory trends. Recently, the Central Bank of Brazil has increased regulatory requirements for virtual asset service providers, putting pressure on small and medium-sized crypto institutions.

CryptoQuant analyst Axel Adler Jr. stated that Bitcoin has entered the late stage of a bear market, and the selling pressure on US spot ETFs is easing. The US spot Bitcoin ETF had a net inflow of $223 million on the latest trading day, with FBTC having a net inflow of $166 million and ARKB having a net inflow of $91.8 million.