Today's Highlights
1. Tether to Discontinue Yuan Stablecoin CNHT Amid China's Regulatory Crackdown
2. Bitdeer Sells Entire Bitcoin Holdings Amid Market Volatility
3. Ethereum Ecosystem Market Overview and DeFi TVL Update
4. SBI Holdings Launches ¥10B On-Chain Bond With XRP Rewards
5. Bitcoin Price Metric Suggests $122K Target by Early 2027
Macro News
Bitcoin May Rebound to $85K as CME Smart Money Slashes Shorts
Bitcoin is showing signs of a potential rebound to $85,000 as smart money traders reduce short positions. The price currently stands at $67,350, with RSI at 46.6, below the 4-hour EMA of $68,000. Institutional interest in the BlackRock ETH ETF is also gaining traction.
Japanese financial giant SBI Holdings has launched a ¥10 billion on-chain bond offering XRP rewards. The bond will pay a fixed interest rate between 1.85% and 2.45%, with interest distributed semi-annually.
ProShares' Stablecoin-Ready ETF Logs $17 Billion Debut
ProShares launched a stablecoin-focused ETF that has already attracted $17 billion in assets. The fund's rapid success has sparked speculation about major stablecoin issuers potentially being involved.
Bitcoin Exchange-Traded Funds Hit $100B in Assets
U.S. Bitcoin ETFs have reached $100 billion in assets in just 11 months, contributing to a total global crypto ETP asset value of $184 billion by the end of 2025. Bitcoin products account for over $144 billion of this total.
White House Halts Crypto Market Structure Bill
The White House has put the crypto market structure bill on hold, increasing regulatory uncertainty. The bill aimed to establish clear rules and reduce market manipulation in the digital asset sector.
Industry Hotspots
Solana Meme Coin neet Surpasses $28M Market Cap
Solana-based meme coin neet has surged 85.17% in 24 hours, reaching a market cap of $28 million. The coin's 24-hour trading volume is $2.7 million, though investors are cautioned about the high volatility of meme coins.
Bitdeer Liquidates Entire Bitcoin Holdings
Bitdeer has sold its entire Bitcoin reserve, totaling 943.1 BTC, in a single week. This follows an eight-week drawdown from approximately 2,000 BTC at the end of 2025, making Bitdeer the largest publicly known entity to fully exit Bitcoin.
IoTeX Bridge Exploited for $8M+
The IoTeX Bridge has been hacked due to a private key leak, resulting in a loss of over $8 million. The incident has caused $IOTX to drop more than 9% to $0.0049 as the hacker liquidates assets.
XRP Eyes Recovery After $908M On-Chain Loss Spike
XRP is showing signs of potential recovery after a significant on-chain loss spike of $908 million since 2022. Traders are closely monitoring regulatory developments and exchange flows for further price direction.
Unrealized Losses Among STH Whales Reach $26B
The unrealized losses held by STH whales have reached $26 billion, the highest level observed this year. This is a growing concern as it indicates significant short-term market stress among large investors.
KOL and Institutions
@Shibizens
Ethereum's ecosystem continues to dominate DeFi with 57% of total TVL. ETH is currently trading at $1,978, down 33% year-to-date, with the Fear & Greed Index at 14 (Extreme Fear).
@askstrykr
Bitcoin is at $67,350, below the 4-hour EMA of $68,000. ETH is at $1,939, under the 4-hour EMA of $1,983. Institutional interest in the BlackRock ETH ETF is growing, while meme coins like PUNCH are surging.
@broodloper
The global crypto market has lost $2 trillion from its October peak. Bitcoin has returned to $68,000 after reaching $126,000 following Trump's election victory. Altcoins have suffered even more, with heavy liquidations reported.
@HugotoCrypto
Google searches for "Bitcoin is dead" have hit an all-time high, surpassing levels seen during the FTX crash and 2018. Bitcoin has been declared dead over 325 times, but it has always bounced back.
@dewprotocols
Bitcoin is hovering near $68,000 amid tariff uncertainty, while DOGE and ETH are sliding. The market is sensitive to geopolitical risks, and investors are closely watching trade developments for potential impacts on digital assets.
@GrokMoneyLab
The Crypto Fear & Greed Index is at 9, indicating extreme fear among retail investors. Despite this, Bitcoin remains resilient near $68,000, with the total market cap holding steady around $2.33–2.40 trillion.
@MrBitcoinWhalee
The White House has halted the crypto market structure bill, increasing regulatory uncertainty. This move is creating fresh pressure on Bitcoin and other digital assets as the sector faces unclear rules and potential manipulation.
@CoinDesk
Historically, spikes in panic searches like "Bitcoin to zero" have aligned with fear peaks rather than cycle ends. In 2021 and 2022, similar sentiment marked local bottoms rather than the end of the bull cycle.
@SantinoCripto
The realized price of Bitcoin is currently at $55,000, acting as a macro support level. In bear markets, prices often fall slightly below this metric, causing fear and pushing out retail investors.
@donniexbt
Most altcoins will not reach their previous all-time highs against the dollar or Bitcoin. Only a few, like $TAO and $TIBBIR, are building something truly innovative and worth stacking.
Tether
Tether announced the discontinuation of CNHT, its yuan-pegged stablecoin, due to regulatory pressures in China. Minting will stop, and redemptions will end in one year. Tether remains the largest stablecoin issuer globally.
ProShares
ProShares launched a stablecoin-focused ETF with a $17 billion debut, fueling speculation about a major stablecoin issuer's involvement. The fund is designed for the $300 billion stablecoin market.
SBI Holdings
SBI Holdings has issued a ¥10 billion on-chain bond offering XRP rewards. The bond will pay a fixed interest rate of 1.85% to 2.45% semi-annually, marking a significant move in the XRP ecosystem.
This content is generated by AI for informational purposes only and does not constitute investment, financial, or trading advice.