At the institutional level, SharpLink Gaming made another move on Sunday, purchasing 16,374 ETH, worth approximately $48.85 million. As a result, the company's total ETH holdings have reached about 270,000 coins. According to Arkham Intelligence data, this acquisition significantly expanded its cryptocurrency investment portfolio, further highlighting institutional confidence in ETH as a core asset.
Regulatory aspects show regional differences. Bank of England Governor Andrew Bailey warned that major banks should be prohibited from issuing their own stablecoins, with concerns primarily focused on financial stability risks and money laundering threats. This stands in stark contrast to the attitude in the U.S.—where the widespread adoption of stablecoins is a key part of Trump's strategy to make the U.S. a cryptocurrency hub. The divergence in regulatory thinking between the two regions is noteworthy.
The overall market performance is also impressive, with the total cryptocurrency market capitalization currently reaching $3.69 trillion, growing by $81 billion in the past 24 hours. It is noteworthy that even against the backdrop of U.S. President Trump's recent announcement of tariff policies, the market still achieved this growth, underscoring the strong resilience of the broader market.

Specifically regarding the performance of cryptocurrencies, Bitcoin's strong momentum continues to lead the market, driving altcoins to benefit from bullish sentiment. The current support level target for the total market capitalization is $3.64 trillion; if this level can be firmly held, it will lay the groundwork for breaking through the next resistance level of $3.73 trillion, and the market's upward potential is expected to further open up.