Daily news summary and integration, holding requires more understanding to make a comprehensive judgment:
1. Fluctuations in gold prices and trade tensions
The COO of Allegiance Gold stated that although gold prices have retreated from highs, the fundamentals remain solid. Trump's increase in lumber tariffs and other trade policies heighten inflation and economic concerns, boosting gold's safe-haven demand. Federal Reserve meeting minutes show that Trump's policies have raised inflation concerns, delaying interest rate cuts, which may temporarily bolster the dollar and suppress commodity prices.
2. Bybit theft incident and its impact
Bybit was stolen 500,000 ETH and needs to repurchase to supplement funds. The short-term selling pressure from the stolen funds is limited, with a potential demand for an additional 500,000 ETH in the market; currently, only about 100,000 have been repurchased. Supply-demand imbalance may drive up ETH prices, and the current trend is optimistic.
3. Attitudes of Brazilians towards cryptocurrency
YouGov's survey shows that nearly 15% of Brazilians consider using cryptocurrencies as a substitute for bank account functions. This could prompt banks to change business relationships, as loss of customers would impact financial institution revenues.
4. Follow-up risks after Bybit theft
Bitrace warns that after the Bybit theft, OTC groups and crypto payment companies will face a wave of freezes. Stolen funds have been exchanged for BTC and other tokens for transfer, and even issued Meme coins to confuse funds, leading to risk control on exchange user accounts and freezes on OTC merchants and payment institution addresses.
5. Bitcoin-driven rotation model of crypto assets ends
Analysis by CryptoQuant CEO indicates that due to regulatory effects and institutional adoption, the Bitcoin-driven rotation model of crypto assets has ended. New funds will flow into the market through stablecoins or large-cap tokens, rather than traditional altcoin markets.
6. Proposal for Bitcoin reserve assets in Montana postponed
The Montana House voted against the proposal to make Bitcoin a state reserve asset. The bill suggests investing in precious metals, stablecoins, and large-cap digital assets. Opponents believe the risks are too high, while supporters believe it misses opportunities for enhanced returns. The bill has been postponed and will need to be resubmitted for review in the future.
7. Bybit Exploiter's money laundering actions
Bybit Exploiter is suspected of laundering money through the issuance of Meme tokens. They transferred 60 SOL to an address, which subsequently issued the QinShihuang token, with a transaction amount exceeding $26 million and a market value of about $2.2 million, but liquidity is only $200,000.