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Ethereum’s price is fluctuating around $3,700, influenced by US credit and labor data, with traders cautiously avoiding high leverage. Whale activity indicates limited bearish sentiment, but there is insufficient confidence in a rapid rebound. No warning signals have been observed in the derivatives market, and a recovery will require clearer macroeconomic signals. Summary generated by Mars AI. This summary is produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
In Brief BNY Mellon enhances its crypto ecosystem role through infrastructure services, not its own coin. The bank supports stablecoin projects instead of launching an altcoin amid positive market conditions. BNY Mellon prioritizes infrastructure over token issuance, promoting collaboration and ecosystem strength.
In Brief The crypto market exhibits signs of recovery post-major liquidations. Ethereum, Dogecoin, Cardano, and XRP have shown significant gains. Technological innovations and ETF expectations contribute to market optimism.
Bitcoin has closed above the $100K mark for 163 days in a row, showing strong market confidence and price resilience.Bitcoin Holds Strong Above $100KWhat Sustains This Momentum?What Comes Next for Bitcoin?
- 01:52HM Revenue & Customs sends crypto gains tax "reminder" letters to about 65,000 crypto investors in the UKForesight News reported, according to the Financial Times, that the UK's HM Revenue & Customs (HMRC) is intensifying its scrutiny of crypto investors, with the number of warning letters sent to individuals suspected of underreporting or evading taxes on digital asset gains having doubled. In the 2024–25 fiscal year, nearly 65,000 such letters were issued, compared to just 27,700 in the previous year. These letters, known as "nudge" letters, are intended to encourage investors to voluntarily correct their tax filings before a formal investigation is launched. Over the past four years, the agency has sent out more than 100,000 such letters.
- 01:52Polymarket accounted for over 72% of prediction market trading volume last week, the highest share since March.According to Jinse Finance, data from DefiLlama shows that Polymarket accounted for over 72% of the prediction market trading volume last week, marking its highest share since March.
- 01:47Berachain ecosystem project Honeypot Finance completes new funding round at a $35 million valuation, with participation from Mask Network and othersChainCatcher news, according to The Defiant, Berachain ecosystem project Honeypot Finance announced the completion of a new funding round at a valuation of $35 million. Investors in this round include Mask Network, CatcherVC, and Credit Scend, among others. The specific amount raised has not been disclosed. This round of funding will mainly be used to advance the research, development, and deployment of the AMM perpetual contract DEX (Perpetual DEX). As an important supplement to Honeypot's existing DeFi infrastructure, this product aims to address the structural bottlenecks of traditional order book perpetual contract exchanges and further improve Honeypot's cross-chain liquidity system. Honeypot Finance stated that this financing will help the team accelerate the integration of its product matrix and ecosystem expansion, build a more sustainable asset settlement and dynamic management mechanism, and provide new infrastructure support for institutional-level DeFi liquidity.