Asia's crypto market has new developments. The Bermuda government is building the world's first fully on-chain national economic system, which means blockchain technology is expected to be implemented at the national level.

There is also news from the Federal Reserve, as Powell is about to testify before the Supreme Court to defend the Fed's independence, which could trigger a chain reaction in the macro financial market.

The derivatives market experienced significant volatility yesterday — the total liquidation volume across the entire network in the past 24 hours reached $808 million, with long positions accounting for the majority. Short positions profited quite a bit from this round of market movement.

The exchange ecosystem is expanding. The New York Stock Exchange announced plans to enable 24/7 trading of U.S. stocks. The promotion of this around-the-clock trading mode may gradually influence the trading ecosystem of the cryptocurrency market.

There are also actions on the project side. ASTER officially launched an automatic buyback mechanism, with a portion of daily revenue used for buybacks, demonstrating the project's confidence in the market.