Market Overview
In the past 24 hours, the price of Bitcoin (BTC) fell by about 4.89% compared with the previous day, opening at $96258.00 and closing at $91552.88. The highest price in 24 hours was $96500.00 and the lowest price was $91349.26. The current market value of Bitcoin is $1.82 trillion, accounting for 61% of the total market value of cryptocurrencies, down about 4.2% from the previous day.
In the past 24 hours, the price of Ethereum (ETH) fell by about 10.86% compared with the previous day, opening at $2819.70 and closing at $2513.52. The highest price in 24 hours was $2839.95 and the lowest price was $2470.33. The current market value of Ethereum is $302.2 billion, accounting for 10.1% of the total market value of cryptocurrencies, down about 10.2% from the previous day.
In the past 24 hours, 9 of the top 100 virtual currencies by market value rose and 91 fell. The top three currencies with the largest increases were IP (23.26%), DEXE (1.68%), and PAXG (1.02%). The top three currencies with the largest decreases were LDO (17.88%), TRUMP (17.08%), and BONK (15.51%).
ETF Data
As of press time, the total assets under management of the US Bitcoin spot ETF is $109.2 billion, with a total transaction volume of $2.9 billion on the previous day and a total outflow of $516 million on the trading day. The total assets under management of the US Ethereum spot ETF is $9.94 billion, with a total transaction volume of $290 million on the previous day and a total outflow of $78.09 million on the trading day.
As of press time, the total asset management scale of Hong Kong Bitcoin Spot ETF is US$410 million, the total transaction volume on the previous day was US$1.35 million, and the total Bitcoin outflow on the trading day was 0 BTC. The total asset management scale of Hong Kong Ethereum Spot ETF is US$54.57 million, the total transaction volume on the previous day was US$733,600, and the total Ethereum outflow on the trading day was 0 ETH.
In the past 24 hours, there were 14 transactions on the chain with a single transaction of more than 1,000 BTC, with a total amount of approximately US$1.582 billion, an increase of approximately 223.5% from the previous day, mainly flowing to exchanges and wallet addresses. In the past 24 hours, there were 38 transactions on the chain with a single transaction of more than 10,000 ETH, with a total amount of approximately US$1.523 billion, a decrease of approximately 10.41% from the previous day, mainly flowing to exchanges.
The current number of active addresses on the Bitcoin chain is about 720,000, up 41.17% from the previous day, and the current number of active addresses on Ethereum is about 780,000, down 59.16% from the previous day. The top 100 Bitcoin addresses account for 14.91% of the total, up 0.13% from the previous day, indicating an institutional increase in holdings. The top 100 Ethereum addresses account for about 69.54% of the total, up 0.04% from the previous day, indicating an institutional increase in holdings.
The SEC's crypto task force met with representatives from various parties one after another. It discussed the details of digital asset trading supervision with Fidelity Investments and focused on stablecoin supervision with MITRE. At the same time, Solana ETF has attracted much attention, and many institutions have submitted applications with a 70% chance of approval. In addition, the SEC plans to replace senior executives of regional offices to cut costs, and BlackRock's attitude towards launching Solana ETF is unclear.
There are constant developments in the crypto and AI fields. Aave v3.3 was launched, optimizing bad debt processing, paving the way for the Umbrella system; Ethereum Pectra upgrade has not completed final confirmation on the test network, and subsequent testing may be postponed; Celo and others launched cross-chain USDT on the OP superchain; Anthropic released the "smartest" model Claude 3.7 Sonnet, and the unique hybrid model will be put into use.
Microsoft reiterated its $80 billion AI investment plan, and may adjust infrastructure investment and cancel data center leases. Alibaba plans to invest more than 380 billion yuan in cloud and AI infrastructure in the next three years, which is more than the total of the past 10 years. DeepSeek launched "Open Source Week" and successively open-sourced Flash MLA and DeepEP to showcase technological innovation and open source achievements.
Citadel Securities plans to enter the cryptocurrency market making field, betting that clear regulation under Trump's administration will bring prosperity to the market. Coinbase puts Renzo on the coin listing roadmap, and South Dakota vetoes Bitcoin-related bills. OKX Seychelles subsidiary settles with the US Department of Justice. Dubai approves two stablecoins under Circle, and Germany's DekaBank also obtains a license to provide crypto services to institutions.
