The cryptocurrency market is showing signs of recovery, with overall liquidity increasing, but regulatory pressure is increasing. 💹 Recently, USDC Treasury destroyed 150 million USDCs, aiming to optimize the supply of stablecoins, potentially increasing the value of Ethereum ecosystem, and may intensify market volatility in the short term. 🚀At the same time, Sky community promotes proposals to replace MKR with SKY as the only governance token. This move strengthens community autonomy and improves project decision-making efficiency, which is worthy of investors' attention to governance risks. 📈 Tether Q1 report shows that it holds nearly $120 billion in US Treasury bonds, with quarterly profits exceeding 1 billion, highlighting its financial stability and injecting confidence into the market. 💼However, Kuwait cracked down on illegal mining to protect the power grid, indicating that global supervision is becoming stricter and may curb mining expansion. ⚠️JPM data shows that Bitcoin mining companies with HPC business are inferior to BTC for the third consecutive month, reminding mining companies to optimize asset allocation to cope with competition. 📉 The total amount of SOL pledges exceeded 3 million, reflecting investors' optimistic expectations for the Solana ecosystem and promoting DeFi activity. 🤝Plume cooperates with Soneium to achieve real-world asset returns through SkyLink and explore innovative paths. The newly created address spent 5 million U of HyperLiquid to buy HYPE, showing signs of capital inflows. 🌟The high opening of US stocks has led to a general rise in cryptocurrency stocks, and the overall market sentiment is improving. Looking ahead, opportunities and challenges in the cryptocurrency market coexist, and investors are advised to strengthen risk management and pay attention to regulatory trends. 📊💥