The following summarizes ten important news stories from the cryptocurrency world yesterday (the past 24 hours):
Market Turmoil: According to data, the global cryptocurrency market experienced severe fluctuations in the past 24 hours, with Bitcoin briefly falling below $91,000, triggering panic selling, and the number of liquidations reaching 315,600, with a total liquidation amount of approximately $950 million.
Bitcoin Key Support: Some analysis reports indicate that Bitcoin fell below $86,000 after a brief rebound, and the market is generally focused on the next support level potentially around $82,000.
Uniswap Responds to SEC: Uniswap co-founder Hayden Adams responded that the SEC wasted a lot of time and resources after abandoning its long-term investigation into Uniswap Labs, and he hopes for clearer regulatory rules in the future.
Grayscale ETF Application Progress: The SEC has confirmed receipt of Grayscale's application, planning to provide staking functionality for a spot Ethereum ETF, which may drive new developments in the digital asset ETF market.
New Trends in Stablecoin Regulation: Robinhood's CEO stated that the Trump administration is expected to promote stablecoin legislation this year, and the market may see more targeted regulatory adjustments.
CFTC Enforcement Strategy Adjustment: The U.S. Commodity Futures Trading Commission (CFTC) is considering reducing fines based on the compliance of violators, which may signal a shift in the regulatory attitude towards the cryptocurrency derivatives market.
Ethereum Scalability Outlook: Ethereum Foundation researchers predict that in the next decade, the Ethereum network's TPS is expected to exceed 10 million, significantly enhancing network capacity and economic potential.
Ohio Bill Progress: The Bitcoin Strategic Reserve Bill in Ohio has passed committee review, moving one step closer to final approval, a measure that may impact state-level cryptocurrency asset strategies.
Leverage ETF Plummets: Leveraged ETFs linked to Strategy have dropped nearly 50% in the past few days, reflecting the turmoil in market sentiment and drastic changes in capital liquidity.
Arthur Hayes Warning: BitMEX co-founder Arthur Hayes pointed out that if the current political and market environment does not improve, Bitcoin may further drop to the range of $70,000 to $75,000.