ZkSnarker

【Crypto World】Coinbase's leader recently raised an interesting topic—tokenized stocks. He believes this direction has enormous potential and an unlimited outlook. This view actually reflects the ongoing exploration in the crypto space for bringing traditional financial assets onto the blockchain. Tokenized stocks can significantly enhance equity liquidity, and trading costs can be further reduced, which is beneficial for both retail investors and institutions. Of course, the regulatory framework still needs time to improve, but from the attitude of industry insiders, this trend is already an inevitable course.

Tokenization is driving a transformation in financial markets, similar to the digital upgrade of trading methods. Blockchain technology enhances the efficiency and reduces the costs of traditional asset trading, while smart contracts automate complex processes, lowering operational costs. Additionally, the cross-margin mechanism of a unified platform improves capital efficiency, attracting more institutional and individual investors.

Hedera's recent trend is relatively clear, with a key price level at $0.22. Holding above this level could trigger subsequent gains. Institutions like Archax and Tokeny are increasing their investments in the Hedera network, indicating growing demand. However, technical analysis still requires attention to a breakout signal in the $0.125-$0.132 range.

【Crypto World】In the past month, top US venture capital firms have completed over $15 billion in funding through five new funds, accounting for more than 18% of the total US VC flow in 2025 — the scale is indeed terrifying.
Interestingly, although these funds are not specifically targeted at the crypto sector, artificial intelligence and cryptocurrencies are explicitly listed as strategic investment directions. In other words, underlying technological infrastructure, including blockchain technology, is being重点布局 by these top institutions.
The investment track record of this institution’s crypto division previously speaks volumes — projects like Coinbase, Solana, EigenLayer are all in their portfolio. This is not just betting on a coin to rise, but laying out the entire ecosystem’s underlying infrastructure.
From a strategic perspective, such financing is seen as a key step to maintaining a country's economic, military, and geopolitical competitiveness. To put it simply, in the future

【Blockchain Rhythm】New developments in the Ethereum ecosystem. Tim Beiko, a core developer of Ethereum, has recently shifted his focus. In the coming period, he plans to move from protocol-level development to exploring new possibilities for practical Ethereum applications.
His current priorities are twofold: ensuring the smooth operation of the AllCoreDevs developer group and managing his work handover within the Ethereum Foundation. However, he will continue to stay with the foundation, just in a different role as a protocol advisor. In this new role, he will collaborate with leaders of various foundation groups to build a more rational organizational structure to better support the development of the entire ecosystem.
What’s more interesting is Tim’s perspective. He believes that the Ethereum protocol itself is already quite mature and nearing completion. But this is just the beginning—the real potential lies in building a permissionless, infinitely scalable, economically secure network with extremely low verification costs.

【BlockBeats】There is an interesting on-chain phenomenon worth paying attention to. A whale address starting with 0x94d has recently shown quite impressive trading activity.
Three weeks ago, this guy's move was to put 255 BTC (worth $21.77 million at the time) into Hyperliquid and sell all at a price of $85,378. It sounds like a short position, but this guy then used that capital to conduct 69 high-frequency trades over the past 22 days, with a win rate of 62%, and managed to extract a profit of $9.9 million. That’s quite an achievement.
But what’s even more eye-catching is the recent activity in the past two days. This address has started to go long continuously and has now built a long position worth $310 million. Although there is currently an unrealized loss of $1.4 million, the position allocation clearly shows that this guy has a strong outlook on the market.
The specific position distribution is as follows:
— 1699 BTC

A major holder has been gradually transferring their ETH holdings to exchanges after holding for 5 years. Within 24 hours, they transferred out 40,251 ETH, realizing over $200 million in profits. This indicates that long-term holders are gradually cashing out profits, which may impact market liquidity and price trends.

【BlockBeats】According to the latest data from the on-chain data monitoring platform, Bitcoin ETFs experienced a noticeable fund withdrawal today. The single-day net outflow reached 3826 BTC, while over a longer period, the performance over the past 7 days has been relatively mild, with a net outflow of only 183 BTC.
The situation with Ethereum ETFs shows a different trend. Although there was a net outflow of 58,467 ETH today, this is just short-term fluctuation. On a weekly basis, Ethereum ETFs actually saw a cumulative net inflow of 342,134 ETH, indicating that market demand for Ethereum remains in the medium term.
Solana ETFs performed the best, with a direct net inflow of 67,125 SOL today. Over the same 7-day period, there was also a net inflow of 342,134 SOL. This reflects ongoing market interest in the Solana ecosystem.
From a multi-asset comparison, short-term fluctuations and medium-term trends show a divergence.

【BlockBeats】A piece of news has caused quite a ripple in the financial circle—Bank of New York Mellon (BNY) officially launches tokenized deposit services, which means one of the world's largest asset custodians has pressed the accelerator for digital finance.
The numbers are a bit shocking: BNY currently manages or administrates assets totaling $57.8 trillion. In the global banking system, this institution has always played a "stabilizing" role. JPMorgan Chase and HSBC have already begun exploring digital assets, and BNY's move comes a bit late but is by no means a tardy arrival.
How does it work? Simply put, deposits in BNY accounts now have an on-chain form. What can this on-chain version do? Collateral, margin trading, automatic settlement—operating 24/7, with lightning-fast payment speeds. Even more impressive, this system supports programmable trading, meaning that once conditions are set (for example, when the loan repayment date arrives), the funds automatically

【Crypto World】Detected an important on-chain transfer: an institutional account of a compliant platform has just moved out 570 Bitcoins, worth approximately $51,595,000. The transfer was made to an undisclosed wallet address, and such large BTC movements often attract market attention. The liquidity changes of institutional funds, whether in or out or address changes, are worth continuous monitoring by on-chain analysts. The scale of this transaction is significant and may be related to the institution's asset allocation or risk management strategies.

A leading exchange has launched a referral ambassador program, allowing users to become entry-level ambassadors for free. Promotion is divided into three tiers, evaluated based on the number of new users referred and the futures trading volume of those referred. Ambassadors can earn up to 40% commission, with elite-level ambassadors able to win a $2,500 reward. Top ambassadors have the chance to win gold bars, aiming to increase user activity and growth.

【Blockchain Rhythm】The South Korean Supreme Court recently made an important ruling, officially recognizing that Bitcoin stored on centralized trading platforms is subject to seizure under the Criminal Procedure Act. The case was initiated against a suspect in a money laundering investigation, and the court upheld the decision to seize 55.6 Bitcoins from him.
The court's reasoning is quite clear: Bitcoin has independent management, tradability, and a clear economic value, thus meeting the legal conditions for freezing and confiscation. What does this mean? For users holding digital assets on major platforms like Upbit and Bithumb, the legal risks become more concrete and explicit. If assets are linked to criminal activities, law enforcement agencies can directly freeze relevant holdings on the trading platforms.
The pressure on platforms has also suddenly increased. They must cooperate more quickly in executing search warrants and strengthen the integrity of customer identification (KYC) and fund tracing systems. This ruling essentially

【Crypto World】DOGE has experienced an interesting rally in the past 4 hours. Compared to the price 8 hours ago, the increase is significant; it also broke through the high point at 20:00 yesterday. Although most of the K-line patterns are small bullish candles, the last one is indeed a bullish candle, with the closing price above the opening price.
However, it is worth noting that the trading volume has shrunk instead. The price is rising while the trading volume is decreasing—this is a divergence between volume and price, indicating that the upward momentum is beginning to weaken.
From a technical indicator perspective, the MACD histogram remains negative, but the magnitude is gradually decreasing, which suggests that the bullish strength is gradually increasing. The KDJ indicator is currently in the oversold zone (value of 14), showing a sideways state, with no clear golden cross or death cross signals yet. Overall, the market does not show a clear trend at the moment.
Based on the 4-hour K-line technical analysis, the main reference points are as follows:
Buy opportunity: the first buy point is at 0.14, the second buy point is at 0.1

【BitPush】Recently, due to escalating social tensions, a Middle Eastern country has launched nationwide internet shutdown measures, directly affecting the trading activities of approximately 7 million local cryptocurrency users.
According to statistics from on-chain data analysis agencies, the total cryptocurrency liquidity in the region reached as high as $3.7 billion in the first half of this year, a scale not to be underestimated. Under such extreme network conditions, many users are beginning to consider how to continue trading—this has also driven the emergence of some interesting technical solutions.
The first is satellite internet routes. The Starlink satellite network has been activated locally, providing stable high-speed connections; the satellite network under Blockstream supports broadcasting Bitcoin data globally, relying minimally on ground infrastructure. The second is local network solutions. Decentralized communication applications based on Bluetooth mesh networks have been downloaded over 1.4 million times, allowing direct transmission of transaction data between phones; some projects are also leveraging

The recent performance of the crypto market has been volatile, and the declining funding rates indicate a bearish trend. The funding rate is a compensation mechanism between long and short traders. Currently, it is generally low, suggesting that market participants are cautious about the future. This has reference value for short-term traders.