Daily Reading

Regulatory Dynamics: The US Policy Takes a Turn

The U.S. Senate Agriculture Committee has introduced a new bill that aims to classify Bitcoin and Ethereum as digital commodities regulated by the CFTC, challenging the traditional jurisdiction of the SEC.
International Organization of Securities Commissions (IOSCO) warns: Tokenized assets may bring "new types of risks," and underlying technological vulnerabilities must be monitored.

Institutional Trends: Major Players' Layouts and Strategic Adjustments

.Tether poached two precious metals traders from HSBC to accelerate gold reserve expansion.
· Coinbase is rumored to have halted its $2 billion acquisition of stablecoin infrastructure BVNK, causing its stock price to drop by 3.4%.
· SoFi Bank has launched an integrated crypto trading service "SoFi Crypto", allowing users to buy and sell BTC and ETH directly using their bank accounts.

Industry Focus: Survival Crisis of Mining Companies and Influx of Capital

· MARA CEO warns: Before the next halving (2028), mining companies must control power resources, or they will face elimination.
· The perpetual contract protocol Lighter has completed a $68 million financing, with a valuation reaching $1.5 billion.

Major Case: Verdict in the UK's Largest Bitcoin Money Laundering Case

· Chinese national Qian Zhimin was sentenced to 11 years and 8 months in prison in the UK for laundering 61,000 BTC (worth 46.8 billion yuan) through Bitcoin. $ETH $XRP $BTC