1. QCP: Escalation of Middle East tensions and U.S. stock market crashes impact the market, BTC relatively resilient.
QCP Capital reported that Israeli airstrikes on Iranian nuclear facilities triggered risk-averse sentiment, causing BTC and ETH to drop by approximately 3% and 9%, respectively, with a surge in demand for short-term put options. At the same time, a massive outage occurred at Cloudflare and Google Cloud, putting pressure on the U.S. tech sector, resulting in over $1 billion in long liquidations in the crypto market. DeFi Development Corp also announced it would establish a $5 billion quota to purchase SOL, showing that some institutions remain bullish on mainstream assets.
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2. SharpLink Gaming acquires 176,270.69 ETH for $463 million, with holdings second only to the Ethereum Foundation.
SharpLink Gaming (SBET) announced it has acquired 176,270.69 Ethereum (ETH) for a total price of approximately $463 million, with an average purchase price of $2,626 per coin, making it the publicly listed company with the largest ETH holdings in the world, second only to the Ethereum Foundation. The company stated that currently, over 95% of its ETH holdings have been used for staking and liquid staking to support the Ethereum network and earn native yields.
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3. Walmart and Amazon are assessing the feasibility of issuing their own stablecoin in the U.S.
Walmart and Amazon are evaluating the feasibility of issuing their own stablecoin in the U.S., or adopting third-party stablecoins, aiming to reduce payment fees and improve settlement efficiency. The plan is expected to advance after the (Genius Act) stablecoin bill clarifies the regulatory framework. Sources say both companies are also considering joining a merchant-led stablecoin alliance.
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4. Community members proposed establishing a Bitcoin strategic reserve for the treasury on the Polkadot forum.
Community members proposed establishing a Bitcoin strategic reserve for the treasury on the Polkadot forum. The preliminary plan proposes to utilize 501,000 DOT (of which 500,000 DOT is for purchase and 1,000 DOT for transaction fees) to gradually acquire tBTC over a year through the Rolling DCA mechanism of the Hydration protocol. The resulting tBTC will be injected into the Hydration Omnipool as liquidity, using the decentralized non-custodial bridging solution provided by Threshold Network, utilizing a threshold ECDSA wallet mechanism. The proposal is still in the forum discussion stage and has not yet officially launched the execution process on-chain.
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5. U.S. CFTC Acting Chairman: The Trump administration's support for cryptocurrency does not mean CFTC regulation will be relaxed.
Acting Chairman of the U.S. CFTC Caroline Pham stated at the Coinbase annual summit that although the Trump administration supports the cryptocurrency industry, the CFTC will not relax regulations because of this, saying, "No one can easily escape legal responsibility." She emphasized that supporting innovation does not mean tolerating illegal activities such as fraud and theft. Pham also stated that the CFTC has ended its "enforcement-style regulation" of the cryptocurrency industry, and will focus on combating fraud and scam activities in the future. At the same time, Pham revealed that she will step down, with a16z crypto policy head Brian Quintez taking over, pending Senate vote approval.
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