🗓 7.25 Morning Report | Today's Key Highlights 👇

1️⃣ $BTC: The king of volatility, stable yet under pressure
The price is still fluctuating within the ±1,000 ~ 2,000 range, stable as a fundamental cucumber.
Although there is no major market movement, it has provided a stage for altcoins to maneuver.

2️⃣ $ETH: Wanted to surge but pulled back, momentum is obvious.
At one point, it surged strongly above $3700, but unfortunately, it was suppressed and fell back due to market sentiment.
The rhythm of ETH is intriguing; I remain bullish as long as the structure holds.

3️⃣ $SOL: Completely crashed, there's no way to recover.
Yesterday it just touched $200, and today it directly pulled back.
But the on-chain activity remains high, especially driven by BONK.

4️⃣ Traditional finance is heating up again: Compliance narrative in progress
✅ Ethena partners with Anchorage, USDtb shifts to federal regulation
✅ Strategy expands the preferred stock program to $2 billion: continue buying BTC
✅ JPMorgan: With institutional momentum, net inflow of cryptocurrency has reached $60 billion this year.

5️⃣ Security issues frequent: Another CEX falls victim
🚨 WOO X was hacked, resulting in a loss of over $12 million.
The most outrageous thing is — almost no one mentioned it, the whole internet is silent...

6️⃣ Hotspot Overview: Industry Highlights
🔹 Injective launches Ethereum vault assets, supporting stock on-chain.
🔹 Tether Gold: 250,000 TetherGold backed by 7.66 tons of gold
🔹 Circle launched the interest-bearing stablecoin USYC, natively issued on the BNB chain.
🔹 BONK burned 500 billion tokens ($18.62 million) in a self-ignition operation, super fierce🔥
🔹 Musk's Grok and Kalshi collaboration: AI × New narrative for prediction markets

7️⃣ Macroscopic Perspective: Dual Anxiety of the Federal Reserve & the Dollar
📉 Bank of America: The GENIUS Act could bring $25 to $75 billion in stablecoin growth.
📉 Concerns over a weak dollar are intensifying, and the market has bet that the Fed will be more "dovish".