1. Bitcoin fluctuates within a narrow range, market trading becomes cautious. The price of Bitcoin today is reported at $118,350, up slightly by 0.13% from yesterday. Overall, it has remained in the range of $117,000 to $120,000 this month, with a persistent wait-and-see sentiment in the market, as some mainstream funds flow into Ethereum and altcoins.

2. Ethereum steadily rises, ETF funds continue to flow in. Ethereum (ETH) is reported at $3,735 today, with an intraday increase of 0.4%. This week, the net inflow of the U.S. Ethereum spot ETF has exceeded $2.3 billion, with institutions and whales continuously increasing their positions, and the market sentiment remains bullish.

3. The effects of the U.S. Stablecoin Act continue to ferment. After the official implementation of the U.S. Stablecoin Act, the market's demand for compliant stablecoins has risen, and the market value of U.S. dollar stablecoins has slightly increased. Multiple financial institutions have announced plans to increase their layout in compliant stablecoin-related businesses, promoting the dominance of the dollar in the global digital asset system.

4. Industry news: Mainstream altcoins such as Solana and Avalanche have risen by more than 7% today. Tokens like AVAIL, VENOM, and ALT will see large unlocks this week, and the market needs to pay attention to potential volatility. The Director of the Hong Kong Monetary Authority stated that stablecoins are an important part of the digitalization of financial markets, and more assets will be tokenized in the future.

5. Risk warning and regulatory progress: The regulation of stablecoins continues to upgrade in the UK, Hong Kong, and other regions, with asset security and compliance becoming the market's focus. Industry experts remind that amidst a hot market, investors should be wary of risks such as severe price fluctuations and hacker attacks, and rational participation is advised. 【Column Summary】 Today's focus in the cryptocurrency circle is on the continued effects of the implementation of the U.S. Stablecoin Act, which promotes further standardization of the global digital asset regulatory framework. Meanwhile, mainstream cryptocurrencies such as Bitcoin and Ethereum maintain high-level fluctuations, with institutional funds continuously increasing their positions, enhancing industry confidence. Pay attention to the impact of subsequent policy implementations on market structure and fund flows. #山寨季來了？