Glassnode's on-chain Bitcoin metric, the RHODL ratio, is currently at 4.5, the third highest level on record, signaling a market bottom rather than a cycle top. The RHODL ratio compares the value of Bitcoin held by long-term holders (6 months to 3 years) to short-term holders (1 day to 3 months). A rising ratio typically reflects longer holding periods and reduced speculative activity, rather than an influx of new buyers—a dynamic that occurred after the significant corrections in 2015, 2019, and 2022. During Bitcoin's 50% drop over the past six months, a large amount of speculative capital was wiped out, and wealth concentrated in the hands of long-term holders. Historically, the RHODL ratio has only been higher than it is now twice: in 2015 (5) and 2022 (7), both corresponding to cycle bottoms, suggesting that Bitcoin may still have further downside potential. However, for the ratio to rise to higher levels, short-term holder activity typically needs to almost completely dry up, which is not yet evident under current conditions—Bitcoin has rebounded by about 25% from its February lows, perpetual contract funding rates remain negative, and the S&P 500 has hit an all-time high. Overall, this indicator suggests that the current market situation is closer to a cyclical correction than a cyclical top, and the renewed dominance of long-term holders may indicate that a temporary bottom is approaching. (CoinDesk)

Gulf Bank (SGB) of Singapore today announced the launch of its stablecoin issuance and redemption service. Corporate and high-net-worth clients can now directly exchange fiat currency for stablecoins through their SGB accounts, achieving 24/7 instant settlement without relying on traditional correspondent banking processes. To support the launch, SGB is pioneering a new approach in the banking industry by waiving gas and bank fees for users minting and redeeming tokens on Solana for a limited time. At the end of the promotion, clients will also receive rewards based on their trading volume. SGB CEO, Tan Siang, stated: “The challenges of cross-border capital transfers and placement have become a key factor limiting customer growth. By directly integrating stablecoin issuance/redemption into the banking system, we have achieved real-time conversion between fiat currency and digital assets. We are building a bank for a borderless world.” This service is integrated into SGB’s proprietary clearing network, SGB Net, supporting seamless fund flows in both on-chain and off-chain environments. Initially, USDC transactions exceeding $100,000 are supported, with USDT, USDe (Ethena), and Global Dollar (USDG) to follow.

OpenAI has paused its Stargate UK data centre plan, saying energy costs and regulation were the main reasons. The UK AI minister disputes this, saying conditions have not changed and pointing instead to OpenAI’s financial pressures.

Brent crude oil prices have experienced a significant drop, with a daily decrease of 2%. According to Odaily, the current price stands at $92.38 per barrel.

SIREN token has shown a notable recovery in its price. According to Odaily, after hitting a low of 0.258 USDT, the token rebounded to 0.7 USDT. The 24-hour decline has narrowed to 14.45%.

Singapore Gulf Bank (SGB) has introduced stablecoin minting and redemption services for corporate and high-net-worth clients. According to Foresight News, these clients can now directly exchange fiat currency and stablecoins through their SGB accounts, enabling instant settlement around the clock. Initially, the service supports USDC transactions exceeding $100,000 and will later include USDT, USDe, and USDG. To facilitate the launch, SGB is temporarily waiving gas fees and bank charges for token minting and redemption on the Solana blockchain. Additionally, clients can earn rewards based on transaction volume. SGB CEO Chen Shaoen stated that the initiative aims to achieve real-time conversion between fiat and digital assets, enhancing cash flow and fund management.

Crypto job postings have decreased by 80% year over year, according to NS3.AI. This decline is attributed to the increasing adoption of AI and the ongoing bear market, which have significantly influenced hiring trends in the sector. While stablecoins continue to be a strong area for recruitment, many exchanges and crypto firms are reducing their workforce. These companies are now focusing on roles related to compliance, security, and AI, reflecting a shift in industry priorities.

On-chain analyst Axel Adler Jr. reported that Bitcoin long-term holders have accumulated 3.06 million BTC over the past three months. According to NS3.AI, Adler Jr. noted that while some of these long-term holdings are being sold at a loss, the accumulation itself does not necessarily indicate a bullish trend.

The RHODL ratio, a key metric in the cryptocurrency market, indicates that current market conditions are more akin to cycle corrections rather than late-stage tops. According to CoinDesk, this assessment comes as long-term holders regain their dominance in the market. The RHODL ratio, which compares the wealth held by long-term holders to that of short-term holders, suggests a shift in market dynamics. This shift is characterized by the increasing influence of long-term investors, who are typically seen as more stable and less likely to react to short-term market fluctuations. This trend is significant as it points to a market environment that is stabilizing rather than overheating. The dominance of long-term holders often signals a more mature market, where investors are less driven by speculative behavior. This can lead to more sustainable growth patterns, as opposed to the rapid spikes and declines often associated with speculative trading. The current market conditions, as indicated by the RHODL ratio, suggest that the market is undergoing a healthy correction phase, which could pave the way for future growth. This is a positive sign for the cryptocurrency market, as it indicates a move towards greater stability and maturity.

On-chain analyst Yu Jian reported that a significant transaction occurred involving a whale purchasing 4.5 million LDO in an over-the-counter (OTC) deal valued at $1.86 million. According to NS3.AI, the same wallet also received an additional 4.5 million LDO and 10,000 AAVE from Wintermute and FalconX within the past day.

Market data shows that SIREN rebounded to 0.7 USDT after falling to a low of 0.258 USDT, with the 24-hour decline narrowing to 14.45%.

The most valuable thing in the future will be the oldest thing. It's not computing power. It's not data. It's not models. It's when one person says "I believe in you" to another, and that promise is truly fulfilled.

A Brazilian cybersecurity researcher has raised alarm bells, warning others about counterfeit ledger devices that has been planted by scammers in the Chinese market in the attempt to steal users' crypto.

Exchanges are replacing traditional venture capital (VC) firms, gradually gaining control over initial public offerings (IPOs), pricing power, and liquidity. Exchanges are eroding the informational, investment, and lock-up advantages of traditional VCs, and arbitrage opportunities for VCs are being continuously squeezed.

Grinex halted trading after hackers stole around $13–15 million from its wallets in a coordinated attack involving 54 addresses. The stolen funds were quickly moved across multiple blockchains and converted into other assets to make them harder to trace.

Payments, Stablecoins, Web3 Compliance: Licensing Strategies for Stablecoin Payment Projects (Jinse Finance) This article analyzes the compliance and licensing strategies for stablecoin payment projects.

Overnight, BTC continued to fluctuate around 75k, with various opinions circulating in the market.

In the world of artificial intelligence and crypto, are humans being replaced by robots? Golden Finance: In which areas of the crypto world have robots taken over, and which remain human-dominated?

Brazilian federal police have arrested two local musicians MC Ryan SP and MC Poze do Rodo after evidence linked the two individuals to a $320 million money laundering network.

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