🔥 Market overview
Bitcoin closed at $66,456 (-1.5%), slight pullback;
Ethereum fell to $1,954 (-1.8%); Solana dropped to $81.51 (-4.2%).
Gainers: Rain (RAIN) surged +3.35%, Avalanche (AVAX) +3.33% showed resilience!
🌟 Losers: Bittensor (TAO) plummeted -6.52%, Pi Network (PI) -6.00% led the decline.📉
🆕 Primary market and ecosystem
Aave achieves $1 billion in real-world asset (RWA) deposits milestone through Aave Horizon—accelerating institutional DeFi adoption!💰
Hyperliquid launches lobbying organization Hyperliquid Policy Center (HPC), led by crypto lawyer Jake Chervinsky, to push for regulatory clarity.🤝
Injective mainnet upgrade approved, focusing on scalable EVM architecture; deBridge launches MCP AI integration for cross-chain swaps.🚀
🏛️ Policy regulation
SEC Chair Paul Atkins urged regulators at ETHDenver not to panic over falling crypto prices, emphasizing structural rule-making rather than short-term volatility.🏛️
The White House draft proposal (reported by Eleanor Terrett) seeks to ban interest payments on idle stablecoin balances in non-custodial wallets, potentially imposing daily fines of $500,000—a significant regulatory shift!⚠️
⛓️ On-chain data
Net inflow to exchanges shows selling pressure—BTC +2,377 coins and ETH +18,613 coins deposited.🐋
Whale movements: $300 million USDC transferred between unknown wallets, 10,000 ETH (worth $19.5 million) withdrawn from Kraken, indicating accumulation during the decline.📊
💡 Social and trends
Bitcoin and Ethereum ETF funds continue to flow out, with BTC ETF net outflow of $133 million and ETH ETF net outflow of $41.8 million (according to social reports).
Hyperliquid lobbying activity trends as elections approach.🗳️
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