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According to ChainCatcher, CryptoQuant analyst Crazzyblock stated that as retail investors chase new highs, whales are preparing to sell on a certain exchange. "Although Bitcoin hitting an all-time high is exciting, the data suggests caution is warranted. Smart money is on the move, and their actions often precede major market shifts."

According to Jinse Finance, the Ant Digital Technologies Jovay testnet has officially launched. Designed as a blockchain platform tailored for institutional-grade application scenarios, Jovay aims to serve a wide range of use cases, including RWA (Real World Assets). Jovay addresses the core challenges of traditional Layer 2 solutions in terms of performance, security, compliance, and scalability through three key technologies: parallel execution architecture, progressive hybrid verification mechanism, and modular architecture, making large-scale, high-frequency on-chain transactions possible. It is reported that Jovay plans to launch its mainnet in the fourth quarter of 2025. Jovay utilizes a three-tier pipeline parallel architecture at the transaction, block, and batch levels, which significantly increases throughput while reducing user response time to under one second, ensuring real-time performance for scenarios such as transfers and RWA contract calls.