Odaily News: Market data shows that BTC and ETH spot prices experienced significant abnormal fluctuations between 00:05 and 00:17, with single-minute amplitude exceeding 1% multiple times, and even reaching 3% at certain moments.

Some market analysis suggests that such high-frequency, consecutive short-term violent fluctuations may be related to malfunctioning market maker grid trading strategies, amplifying price volatility during periods of relatively concentrated liquidity.

Odaily News According to CloverPool data, Bitcoin mining difficulty was adjusted today at 21:56 at block height 935,424. The mining difficulty dropped to 125.86 T, a decrease of 11.16%, marking the largest decline since May 2021. The current network hash rate is 948.13 EH/s. Analysis indicates that the next Bitcoin mining difficulty adjustment is expected to decrease further.

Odaily News Wintermute CEO Evgeny Gaevoy posted on the X platform, expressing skepticism towards the recent market rumors about "institutional blowouts," or at least doubting their medium to long-term impact. Perhaps some institutions did blow out, but it hasn't generated any noteworthy spillover effects. He pointed out that during the 3AC blowout after the Terra incident, the market quickly became aware as the news spread through private messages. While the FTX situation took longer, it became very obvious once news of its negotiations with Binance was disclosed. Currently, nothing similar is being observed; all rumors originate from anonymous accounts without any credible confirmation.

Evgeny Gaevoy believes that the leverage in this cycle primarily comes from perpetual contracts. Compared to the leverage facilitated by opaque, uncollateralized lending platforms like Genesis and Celsius in the last cycle, the current structure is more orderly. Exchanges have also learned lessons in margin management and employ mechanisms like ADL to avoid losses. Furthermore, he thinks no institution today would adopt the FTX model of investing user deposits into illiquid assets. Finally, he stated that if a company were truly bankrupt, publicly denying it would be highly risky, especially if the company is located in Europe, the US, the UK, or Singapore, as it could face legal consequences.

Odaily News Bloomberg senior ETF analyst Eric Balchunas posted on X, stating that his previous assessment that the investor structure of Bitcoin ETFs would be stronger than market expectations still largely holds true. However, his expectation that ETF inflows would reduce severe market volatility has proven to be incorrect. Eric Balchunas mentioned that he originally believed retail ETF capital would replace the highly speculative retail investors present before the FTX incident, thereby enhancing market stability. However, he did not fully account for the selling pressure from early holders (OGs) concentratedly reducing positions at high levels. He also pointed out that Bitcoin's approximately 450% rise over two years is itself a potential risk signal, as rapid gains are often accompanied by high volatility. Therefore, Bitcoin's attributes as a high-volatility, high-risk asset are likely to persist for the foreseeable future.

Odaily News NBA Milwaukee Bucks star "Greek Freak" Giannis Antetokounmpo previously announced that he has become a shareholder in the CFTC-regulated prediction market platform Kalshi. According to a company spokesperson, Antetokounmpo's stake is less than 1%. Specific shareholding data has not been publicly disclosed, nor has the gap between the actual stake and 1% been clarified. However, based on Kalshi's recent $11 billion valuation, a 1% stake would be worth $110 million. (The Block)

Odaily News CZ posted on the X platform stating that Binance has assisted Bithumb in handling the "accidental 2000 BTC airdrop" incident. He did not tweet when the incident first occurred to avoid spreading panic. All airdrop functions should have a maximum limit check; it is currently uncertain whether 100% of all projects involving Binance have implemented this.

Odaily News One of the Big Four accounting firms, Ernst & Young (EY), stated that wallets are evolving from crypto tools into the core entry point for the next generation of financial systems. It pointed out that "the wallet itself is the strategy; whoever controls the wallet controls the customer relationship." EY analyst Mark Nichols noted that wallets will become key infrastructure for storing, transferring, and managing tokenized assets. In the future, they will not only be applicable to crypto assets but will also cover on-chain financial scenarios such as payments, stablecoins, and private credit, becoming a unified entry point connecting all on-chain financial activities including payments, tokenized assets, and stablecoins. However, EY expects self-custody wallets will struggle to become mainstream, and the future market will be dominated by trusted wallet service providers such as banks, fintech companies, and professional custodial institutions. (CoinDesk)

Odaily News According to Onchain Lens monitoring, a newly created wallet withdrew 1,550 BTC from Binance, valued at approximately $106.62 million.

Odaily News According to Onchain Lens monitoring, a wallet labeled "Gnosis Safe" withdrew 20,520 ETH from Binance, valued at $41.92 million.

Odaily News According to Lookonchain monitoring, a whale deposited 24,452 ETH to Binance 30 minutes ago, worth $50.05 million. The whale currently still holds 56,528 ETH, valued at $115.3 million.

Odaily News According to on-chain analyst Ai Yi's monitoring, the "1011 Insider Whale" has once again transferred 10,000 ETH to a Binance deposit address linked to Yi Lihua. Within half an hour, he repaid loans and withdrew 55,000 ETH from Aave, of which 10,000 ETH were deposited into this address. Over the past 12 hours, a total of 20,000 ETH and 69.08 million USDT have been transferred in, with a total value of $109 million.

Odaily News Tether has frozen over $544 million in crypto assets at Turkey's request, with the funds linked to a suspected illegal online gambling and money laundering network. Data from analytics firm Elliptic shows that by the end of 2025, Tether and Circle had blacklisted approximately 5,700 wallets, freezing a total of about $2.5 billion, of which roughly two-thirds were USDT. Tether CEO Paolo Ardoino stated that the company took freezing action based on information provided by law enforcement, in accordance with the law. This cooperation is part of Tether's global compliance efforts, and the company has previously collaborated with agencies such as the U.S. Department of Justice and the FBI. (Cointelegraph)

Odaily The crypto community is divided on Bitcoin's short-term trajectory, with some analysts warning of potential new lows, while other traders are already targeting $84,000. Details are as follows:

1. Keith Alan, co-founder of Material Indicators, stated that the BTC price bottom has not yet been reached, and the current primary task is capital preservation. Keith Alan pointed out that the $69,000 high from 2021 is crucial in the current relief rally. While $60,000 was yesterday's support, it is highly likely that prices will fall to lower levels before the bull market returns.

2. Rekt Capital believes historical trends suggest BTC still has room to fall. After reaching a bull market peak in the fourth quarter of the post-halving year, BTC often experiences months of a relief rally, followed by a break below the macro triangle bottom and entry into an accelerated decline phase. The current cycle is the fourth consecutive one to align with this historical tendency.

3. Analyst Michaël van de Poppe offered a different perspective, stating that he expects market prices to rebound to fill the CME gap, with the potential for continued gains above $75,000 next week.

4. Samson Mow, CEO of JAN3, stated that BTC will soon fill the $84,000 CME futures gap. He also highlighted the significance of large corporations' ability to purchase BTC as a reserve asset. (Cointelegraph)

Odaily News As early as last June, "Trump Mobile Company," part of U.S. President Trump's vast business empire, announced the launch of the "Trump T1" phone. By now, people had almost given up hope of seeing it come to market. However, a new report suggests it will eventually reach consumers. According to an interview with U.S. tech media The Verge, company executives stated that there are still some planned modifications for this phone, such as removing the T1 logo. The American flag and gold color scheme on the back cover will still be retained. The specifications for the screen and camera will also be upgraded. The company's executives said that to reflect the "improvement in quality," the price will be increased. Some users who have already paid a $100 deposit will still need to pay the final $499 balance, while customers purchasing later will face a higher price, but "it will not exceed $1,000." The company has also retracted its previous statement about the phone being manufactured in the U.S., now saying that the "final assembly" of the phone will be completed in the United States, while most of the manufacturing process will take place elsewhere, though no one disclosed the specific location. (Jin10)