This week, Bitcoin (BTC) and Ethereum (ETH) entered a short-term consolidation phase after touching local highs, with the price center moving lower. BTC maintained oscillations above the $70,000 level, while ETH consolidated sideways near $2,200. The total market cap of stablecoins remained at a high of approximately $311.68 billion, indicating sufficient on-chain liquidity. The RWA sector continued to expand, with on-chain total market cap rising to $22.817 billion. Key unlocks of ZRO, RIVER, and H tokens valued at approximately $54.5 million, $29.17 million, and $10.85 million respectively will occur next week, which may put pressure on market sentiment if risk appetite fails to recover.