Mainnet Launch

Recently, the cryptocurrency market has experienced significant fluctuations, with both Bitcoin and Ethereum prices declining. Market analysts have previously issued multiple warning signals, indicating that these two major cryptocurrencies may have reached a short-term peak. The analysis has proven to be quite prescient. Bitcoin began to retreat from around $109,500, while Ethereum started to decline from about $2,580. Subsequently, the market continued to drop, with Bitcoin falling below $107,500 and Ethereum also dipping below the $2,500 level, confirming earlier predictions of further downside potential. Currently, the market trend has turned weak. Traders who have adopted short positions have achieved considerable gains by accurately grasping this downward trend. It is worth noting that this round of decline may be closely related to the global economic situation, and investors should pay close attention to the potential impact of various factors on the encryption currency market. In this market situation, investors need to remain vigilant and closely monitor market trends and various macroeconomic indicators. At the same time, it is important to recognize the high volatility characteristics of the cryptocurrency market, making risk management crucial. The future direction of the market still holds uncertainty, and it is advisable for investors to maintain a cautious attitude when making trading decisions, taking into account multiple factors.

China's electricity demand is projected to maintain steady growth in 2025, with total consumption expected to increase within a range of 4 percent to 6.5 percent, according to a report by the State Grid Energy Research Institute.

The Hong Kong Special Administrative Region government has released the "Digital Asset Development Policy Declaration 2.0", proposing the "LEAP" strategy to promote legal regulation, tokenization, application scenarios, and cross-sector collaboration. The policy introduces stablecoin regulation, emphasizes the tokenization of real assets, and offers tax incentives, aiming to transform Hong Kong into a global digital asset center to attract international capital and talent, and to promote the integration of Web3 and the real economy.

A new type of non-custodial cross-chain wallet has been launched, supporting over 25 blockchains, requiring no complex setup. Users can conveniently manage encryption assets, perform stake and cross-chain conversions, and it features NFT management and Web3 ecosystem exploration capabilities. The security has also been ensured, enhancing the convenience and safety of blockchain asset management.

BTC weekly rise exceeded 10%, nearly $7 billion long term funds get on board. This week, Bitcoin opened at $85177.33 and closed at $93780.57, rising 10.10% over the week with a volatility of 12.73%. This marks a third consecutive week of rebounds, with an increase in trading volume. On Monday, it strongly broke through the 120-day moving average, and thereafter, it operated above the moving average for the entire week, indicating a strong willingness to get on board. The U.S. government is conducting the second phase of trade negotiations. The White House continues to release positive signals, but the other side's response is vague, indicating that the outcome of the negotiations is still uncertain. Trump has clearly stated that he will not dismiss Federal Reserve Chairman Powell, which alleviates market concerns about the independence of the Federal Reserve, leading to a stabilization and rebound in the stock, bond, and foreign exchange markets. Federal Reserve officials are signaling a loosening of policy. Cleveland Fed President Mester stated that the Fed can act quickly if conditions change. Fed Governor Waller also mentioned that if the labor market...