Author: 行政

Key takeaways Solana (SOL) has rebounded above its 50-day EMA at $76.82 after a 4% rally. Rising futures trading volume and positive funding rates point to growing bullish sentiment among retail traders. Solana ETFs have recorded two consecutive days of zero inflows, signaling muted institutional demand. Solana (SOL) extended its recovery on Wednesday, climbing above its 50-day Exponential Moving Average (EMA) after gaining roughly 4% in the previous session. The rebound comes as improving sentiment across the cryptocurrency market encourages renewed retail participation, while institutional investors remain cautious despite the broader market rally. Retail traders return to Solana futures Recent…

Circle incurred $1.4 billion in distribution costs connected to Coinbase in 2025, up from $924.5 million the year before, according to the company’s own 10-K filing.Those distribution costs equaled roughly 51% of its total 2025 revenue and reserve income.USDC circulation grew 72% year over year to $75.3 billion in the fourth quarter, and full-year revenue and reserve income climbed 64% to $2.7 billion. Circle retained a 39% margin after distribution and transaction costs, unchanged from 2024 even as growth accelerated.A chart shows Circle’s revenue growing from $1.68 billion to $2.7 billion between 2024 and 2025 while its RLDC margin held…

Key takeaways Pi Network (PI) is stabilizing above $0.07500 after more than two weeks of sustained selling pressure. Improving crypto market sentiment following softer U.S. inflation has boosted speculative interest in PI. PI open interest climbed from $9.11 million to $12.14 million, signaling renewed trader participation. Pi Network (PI) traded above $0.07500 on Wednesday, showing early signs of stabilizing after more than two weeks of persistent losses. The token’s recovery comes as broader cryptocurrency markets rebounded following softer-than-expected U.S. inflation data, improving investor sentiment and encouraging renewed interest in higher-risk digital assets. Although PI remains in a broader downtrend, technical…

US authorities have used Tether’s control over its dollar-linked stablecoin to freeze about $475 million connected to Iran in less than three months, extending Washington’s sanctions reach beyond the traditional banking system.On July 14, the US government sanctioned four wallets on the Tron blockchain holding roughly $131 million in USDT. These addresses are linked to the Central Bank of Iran, also known as Bank Markazi.Tether Freezes 4 Tron Wallets Holding Iran Central Bank’s $131 Million (Source: Specter)Treasury Secretary Scott Bessent said the Office of Foreign Assets Control (OFAC) targeted the wallets as part of a broader effort to disrupt revenue…

Pakman says crypto token values remain too disconnected from the underlying economic performance of the networks they represent. He believes paying contributors in stablecoins could attract talent that prefers predictable compensation over speculative token exposure. He argues clearer regulation could eventually help strengthen the relationship between governance tokens and network value. CoinFund Managing Partner David Pakman believes one of the cryptocurrency sector’s biggest unresolved issues is designing token economies that genuinely reflect the long-term performance of the networks behind them. Pakman argued that the value of many native crypto tokens remains driven by narratives and social media activity rather than…

Democratic senators are demanding ethics safeguards tied to President Trump’s crypto interests before supporting the CLARITY Act. Trump’s reported US$1.4 billion (AU$2.03 billion) in crypto earnings has intensified debate as bipartisan negotiations continue. The bill would establish a federal regulatory framework for digital assets but still faces significant political hurdles in the Senate. Democratic opposition to the Digital Asset Market CLARITY Act is intensifying as the US Senate moves closer to considering the cryptocurrency market structure bill, with ethics rules emerging as the central point of dispute. Senators Chris Murphy, Chris Van Hollen and Jeff Merkley have urged colleagues to…

JPMorgan analysts led by Kenneth Worthington cut the bank’s Coinbase price target to US$196 (AU$282.24) from US$283 (AU$407.52) on July 14, keeping an Overweight rating, and lowered earnings estimates for both Coinbase and Circle. Under the revised agreement, Coinbase classifies USDC held on Hyperliquid as on-platform, collects the reserve income and pays 90% of it to Hyperliquid; the two companies previously split that revenue almost evenly. JPMorgan estimates Hyperliquid holds about US$6 billion (AU$8.64 billion) of USDC, roughly 8% of a circulating supply that has slipped to about US$73 billion (AU$105.12 billion) from US$80 billion (AU$115.2 billion) in March. JPMorgan…

US consumer prices fell 0.4% in June, the largest one-month decrease since April 2020, taking annual inflation to 3.5% from 4.2%, the Bureau of Labor Statistics reported on July 14. Bitcoin traded near US$64,700 (AU$93,218), up about 3.5% in 24 hours, while Ether outperformed at about US$1,875 (AU$2,700), up roughly 5.2%, according to CoinGecko data. Markets price roughly 80% odds the Federal Reserve holds rates at 3.50%–3.75% on July 28–29, and 21Shares strategist Matt Mena flagged a possible US$100,000 (AU$144,000) push by quarter-end. Bitcoin climbed above US$64,000 (AU$92,160) on Tuesday after US consumer prices fell 0.4% in June, the largest…

Public companies’ Bitcoin treasury reserves become something very different once pledged to lenders. They become collateral, measured against loan ratios that can force a company to post more Bitcoin, repay debt, or risk lender sale rights within hours.That risk is no longer theoretical. Fold received a formal collateral-maintenance notice in February and posted 50 BTC. Empery Digital’s continuing loan crossed its collateral-call level and the company posted 576 BTC. Nakamoto separately posted 688 BTC to satisfy maintenance requirements.Fold disclosed a formal lender notice. Empery and Nakamoto reported topping up collateral after hitting loan thresholds. However, there was no indication that…

Bitcoin approached $65,000 on July 14 as a sharper-than-expected slowdown in US inflation weakened the case for another near-term Federal Reserve interest rate increase.Data from CryptoSlate showed that BTC rose as high as $64,832 once the report landed, gaining about 4% from its intraday low and coming within $200 of a threshold it has struggled to hold over the past month.This price performance followed the consumer price index falling 0.4% in June, its largest monthly decline since April 2020, the Labor Department said. Prices were 3.5% higher than a year earlier, down from 4.2% in May and below economists’ forecast…