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According to Odaily, Sui Chung, the CEO of CF Benchmarks, has stated in an interview that all regulatory precedents indicate that ETH tokens should be classified as a 'commodity'. This statement comes amidst ongoing discussions about the nature and classification of various cryptocurrencies. Chung's assertion adds to the growing consensus among industry leaders about the status of ETH tokens. His comments are based on existing regulatory precedents, suggesting that the classification of ETH tokens as commodities is not a new concept, but rather a widely accepted view within the industry. However, it is important to note that the classification of cryptocurrencies can vary depending on the jurisdiction and the specific regulatory body involved. Therefore, while Chung's comments provide insight into one perspective, they do not necessarily represent a universally accepted viewpoint. This news highlights the ongoing debate about the nature of cryptocurrencies and their place within the global financial system. As the industry continues to evolve, the classification and regulation of cryptocurrencies like ETH will likely remain a topic of discussion.

Big moves in the crypto space today! Trend Research, headed by Jack Yi, has officially finished offloading their Ethereum ($ETH ) holdings. 📉
Here is the quick breakdown of what happened:
​The Final Move: At 10:49 AM (UTC+8), they sent their last big batch of 534 ETH to a centralized exchange.​The Massive Sell-off: Within just one hour, the group moved a staggering total of 31,073 ETH to exchanges.​Wallet Status: Their main on-chain wallet is now nearly empty, sitting at a tiny 0.165 ETH. 🧹
​What does this mean?
When large firms move huge amounts of ETH to exchanges (CEXs), it usually signals an intent to sell. Trend Research has now effectively "cleared out" their position.#ETHETFsApproved
$ETH

Here’s what actually went down.
The Week Crypto Lost Its Mind
$BTC Bitcoin just printed one of the wildest seven-day stretches we’ve seen in a long time. A brutal $17K drop in roughly 24 hours. A recovery that gave everyone hope. Then a sharp rejection right where bulls wanted a breakout.
At the same time, Ethereum looked like it was on the verge of breaking completely — only to claw its way back above $2,000. And altcoins? Green on the daily, still bleeding on the weekly. Classic.
Let’s break it down properly.
Bitcoin’s Chaos: From Strength to Freefall
Last weekend, BTC was trading around $84,000. Things looked stable… until they weren’t. Sellers stepped in aggressively and dragged price below $76,000 — on a weekend. That’s usually your first warning that liquidity is thin and volatility is coming.
By early week, Bitcoin slipped under $74K. But the real damage hit Thursday into Friday.
In barely more than a day, BTC collapsed from around $77,000 to $60,000. That kind of move doesn’t happen quietly. It was a liquidation cascade. Leveraged longs got wiped out. Billions flushed. The market didn’t slowly sell off — it vacuumed downward.
And then… snap.
Friday evening, Bitcoin exploded upward nearly $12,000, racing back toward $72,000. For a moment it felt like a V-shaped recovery was locked in.
But $72K said no.
The level rejected twice, and price slid back toward $68,000 where it’s now hovering. Market cap sits around $1.36 trillion, while dominance slipped to roughly 56%, meaning altcoins caught some of the rebound too.
$ETH Ethereum: Relief or Illusion?
Ethereum had a rough week. It fell from above $3,000 to under $2,700 in days, then got dragged even lower during the panic selloff.
At one point it looked genuinely unstable.
But ETH managed to reclaim the $2,000 psychological level and is now sitting just above it. That matters for sentiment. Traders care about round numbers — and reclaiming $2K prevents a full confidence breakdown.
Still, perspective is important.
On lower timeframes, this looks like a clean relief bounce. On the weekly chart, it still looks damaged. A lot of repair work needs to happen before anyone starts celebrating.
Altcoins: Green Candles, Red Reality
This is where things get tricky.
Yes — $SOL Solana, XRP, Tron, Dogecoin, Cardano, Monero, and others are showing daily gains. That feels good after watching nonstop red.
But zoom out.
Many of these coins are still down 20–30% on the week. Bouncing off multi-month or multi-year lows doesn’t automatically mean a new bull leg has started.
Meanwhile, not every coin joined the rebound. Some of the recent hype names are still bleeding and failing to recover with the broader market.
Translation? This isn’t a clean “bottom is in” signal yet.
The Real Lesson: Leverage Is Still the Villain
The speed of Bitcoin’s drop from $77K to $60K wasn’t driven by sudden fundamental news. It was leverage.
When the first wave of liquidations hit, forced selling triggered more forced selling. That cascade effect is brutal. Once the over-leveraged positions were wiped out, price stabilized almost immediately.
That tells you something important: The system wasn’t fundamentally broken — it was overextended.
What Matters Now
The key level is $72,000.
If Bitcoin reclaims that level early next week with strong volume and holds it, this entire meltdown may end up being remembered as a violent shakeout before continuation.
If it fails again and starts grinding down from the $68K area, then $60,000 gets back into focus very quickly.
Either way, volatility is not finished.
This market just reminded everyone that crypto doesn’t move gently — it moves in extremes. And if you survived this week, you’ve officially earned your stripes.
Buckle up. 🚀
#MarketRally⚡️ #BitcoinGoogleSearchesSurge #ETHETFsApproved #SniperStrategy