1. Yesterday, the net inflow of Bitcoin spot ETF in the United States was $330.7 million; the net outflow of Ethereum spot ETF was $21.3 million.


2. The White House's next roundtable discussion on stablecoin yields is scheduled for next Tuesday. This meeting will still be at the staff level, with bank representatives attending along with representatives from industry associations.


3. According to Alternative data, today's cryptocurrency fear and greed index has dropped to 6 (yesterday the index was 9), indicating that the market is still in a state of 'extreme fear.' Based on the current value, such low data has only been seen historically in June 2022 and August 2019.


4. U.S. Treasury Secretary: It is crucial for the (cryptocurrency market structure bill) to be signed into law; the digital asset revolution has arrived, and I believe that as long as both parties in the U.S. lead together, this revolution can ultimately be completed.


5. Aave founder continues to sell ETH and buy AAVE tokens.


6. The annualized borrowing rate for ETH on the Aave platform has surged over 3 times, climbing from 2.13% to 7.35%. The current ETH supply on the Aave platform is 3.09 million, of which 2.92 million have been borrowed, with a borrowing ratio as high as 80.99%.


7. The MegaETH Foundation announced that it will use the revenue generated from the USDM stablecoin to fund the MEGA token buyback program. The USDM stablecoin earns revenue through its underlying reserve asset USDtb, which is a stablecoin issued by Ethena.


8. Trend Research has basically completed its liquidation, with a final loss of about $734 million on ETH. However, overall profits from other cryptocurrencies have covered the losses, with WLFI and FORM making money.


9. Opinion: Arthur Hayes: The sharp drop in Bitcoin may be related to traders using Bitcoin spot ETFs for hedging (because Wall Street has packaged Bitcoin into complex financial products. These products state, 'If the price drops to X, I will automatically sell.' As a result, this week, as the price fluctuated, it triggered these robots' 'automatic sell' instructions. It's like a domino effect; the first card is the designed financial terms, and once it falls, the subsequent sell-offs are all executed automatically.)


10. According to Caixin, the issuance of RWA by domestic assets to overseas will no longer be a gray area. Equity and asset securitization RWA will be regulated by the CSRC, while foreign debt RWA will be regulated by the NDRC. Similar to traditional overseas financing, overseas RWA also involves the issue of repatriating raised funds, which is regulated by the State Administration of Foreign Exchange. Other forms of RWA will be regulated by the CSRC in conjunction with relevant departments according to their responsibilities.