Michael Saylor: SIP-110 only receives 2.6% support from miners and will stagnate

[Sheldon: BitMart has not absconded, and is conducting asset inventory and liquidation work] BitMart founder Sheldon responded on the X platform, stating that BitMart has not absconded. The core team is conducting asset inventory, asset consolidation, and system maintenance, aiming to complete the liquidation in an orderly manner. Sheldon denied misappropriating user assets, preemptively fleeing, or withdrawing, and mentioned that they are considering involving courts and third-party auditing institutions. Further updates will be disclosed through transparent reports.

Citrini analyst Jukan stated that in the short term, the market is bearish on storage and bullish on optical interconnectivity, and some hedge funds have implemented this strategy. The reasons include: the basic failure of South Korean leveraged ETFs and the selling pressure caused by concentrated redemptions by limited partners; Nvidia weakens the HBM configuration of Rubin Ultra and switches to optical interconnect racks; The market has formed a consensus that storage prices will peak in the next two quarters. Jukan is bullish on long-term storage and bearish in the short term. Currently, there are no storage positions available.

[GSR Report Indicates Majority of DAO Treasury Assets Are Overly Concentrated in Native Tokens] The GSR report points out that most DAOs concentrate approximately 70% of their treasury assets in native tokens and recommends employing hedging strategies to mitigate financial risks caused by market volatility.

OKX-BTC/USDT is currently trading at $65003.60, with a 5-minute increase of 0.04%. Please be aware of market fluctuations.

Strategy founder Michael Saylor stated that only 2.6% of miners support BIP-110, and the proposal did not receive widespread support. At block 961632, the node will reject non signal blocks, BIP-110 will stall or fork into irrelevant entities, and Bitcoin will continue to operate according to its established design.