Crypto market hot spots overview

Currency Dynamics
• BTC: Easily reached the 110,000 mark, with the strong rise of Bitcoin under the stock-coin linkage effect, and the scarcity logic has drawn attention again;
• ETH: Continues to serve as the market engine, the repeatedly emphasized "faith mainline" is being validated, ecological enthusiasm supports the leading surge;
• SOL: Following the trend but with weak intensity, the pumpfun risk is like a sword hanging over, suppressing performance, and short-term elasticity is limited.
Industry News
• BlackRock ETF sets a record: The spot Bitcoin ETF scale rapidly surpasses 70 billion USD, breaking the historical record of gold funds, with institutional entry pace exceeding expectations;
• SEC Policy Trends: The Chairman of the SEC has signaled that he is planning an "innovation exemption" policy for DeFi platforms, indicating signs of loosening in the regulatory framework.
• Ecological fluctuations: Zachxbt's real-name questioning of KTA has led to the first significant correction in the base ecosystem, and the market is observing whether to "pick up opportunities" or anticipate a "trend reversal";
• Project layout: virtuals_io quietly returns to Ethereum, suspected to be increasing its multi-chain ecological layout, adding variables to the cross-chain narrative.
Market Focus
• Trump's remarks go viral: he claims that the China-US talks are making positive progress and is considering lifting some export controls; at the same time, he mocks Musk by asking "whether he is doing drugs in the White House," sparking heated public discussion;
• Regulation and Risk: The U.S. Department of Justice applies to extend the suspension period for the invalidation of Trump's tariffs, with ongoing judicial disputes; New York seizes $530 million in a crypto money laundering case, with Russian funds flowing into the U.S. through platforms raising regulatory concerns;
• SEC new chairman's statement: New chairman Paul Atkins emphasized that "self-custody is the core value of US encryption policy," and the control of private keys has become a regulatory priority;
• The Solana ecosystem is active: the leading bonk_fun has taken the lead in pumping, and the unipcs are rallying in strength, currently focusing on these two major protocols, with short-term speculation heating up.
Summary
Overall, the recent on-chain market shows increasing warmth, avoiding early speculative tracks (PVP) and focusing on stable targets (PVE) has received good feedback, and the market maintains structural opportunities under the resonance of policies and funds.