What's next for PI as the asset falls toward $0. 20. source: https://cryptopotato.com/will-pi-networks-price-tumble-to-new-atl-next-week-chatgpt-makes-worrying-pi-predictions/

President Donald Trump’s Crypto Czar David Sacks, a prominent Silicon Valley investor and venture capitalist, is putting in overtime defending his boss’s push for federal AI oversight. Sacks argues that the administration is only focused on pushing back on the “most onerous examples of state regulation” while listing reasons such a move is needed for […] source: https://www.cryptopolitan.com/trump-ai-czar-defends-federal-ai-oversight/

null source: https://x.com/CoinMarketCap/status/1999699322464604415

null source: https://x.com/lookonchain/status/1999694935679992071

According to ChainCatcher, an analysis by Glassnode reveals the distribution of Bitcoin holdings among major institutional types. Public companies hold approximately 1.07 million Bitcoins, government agencies possess around 620,000 Bitcoins, U.S. spot ETFs have about 1.31 million Bitcoins, and exchanges account for roughly 2.94 million Bitcoins. Collectively, these entities hold approximately 5.94 million Bitcoins, representing about 29.8% of the circulating supply. This data underscores the growing trend of liquidity concentration among institutions and custodians.

Moody's unveils a framework for rating stablecoins, examining market value and operational risks. source: https://coincu.com/news/moodys-stablecoin-rating-framework/

According to PANews, a newly established wallet has received a substantial transfer of 14,959 ETH from BitGo, valued at $48.42 million. This wallet is likely associated with Bitmine.

According to Odaily, the Hong Kong Financial Development Council has released a concept report titled "Hong Kong Capital Market Leadership: Super Connector - Global Capital Hub in the Digital Era." The report outlines a strategic framework with a clear timeline for implementation, aiming to expand tokenized assets. In the medium term, over the next 2-5 years, the focus will be on developing tokenized physical assets and related tools. The long-term vision, spanning 5-10 years, includes enhancing capabilities for tokenized issuance and post-trade operations, while promoting the coordination and unification of data and compliance standards to improve trading efficiency and market transparency. Additionally, the report emphasizes accelerating the development of digital financial infrastructure, including tokenization platforms, smart contract applications, and near-instant settlement systems. These initiatives aim to position Hong Kong as a pioneer and model for next-generation capital market solutions.

The Hong Kong Financial Services Development Council (FSDC) released a concept report entitled "Hong Kong's Leading Path in Capital Markets: Super-Connector - A Global Capital Hub in the Digital Age," which proposes a strategic framework with various initiatives planned along a clear timeline. The report provides a pragmatic and actionable implementation path for the orderly expansion of tokenized assets, including: a medium-term direction of developing tools such as tokenized physical assets within 2-5 years; a long-term vision of gradually enhancing support for tokenized issuance and post-trade operations within 5-10 years; and promoting the harmonization and unification of data and compliance standards on a larger scale to further improve trading efficiency and market transparency. Simultaneously, the report will accelerate the development of digital financial infrastructure, including tokenized platforms, smart contract applications, and near-instant settlement systems, making Hong Kong a pioneer and demonstrator of next-generation capital market solutions.

Jason, an analyst at Delphi Digital, is cautiously optimistic about the year-end market. He believes, "We are breaking through the $90,000 to $110,000 range that we've been in for quite some time. If BTC can hold this level and continue to break through before the end of the year, I think there's a great chance that Bitcoin will see a rebound."

Binance recently completed the token replacement and brand upgrade of Frontier (FRONT) to Self Chain (SLF), and exchanged FRONT and SLF at a 1:1 ratio. What is puzzling is that Binance did not Users were not reminded that this token upgrade was accompanied by a 4-fold increase in issuance, which was suspected of deliberately misleading users into purchasing.

币安近期完成了Frontier（FRONT）代币置换及品牌升级为Self Chain（SLF），并将FRONT与SLF通过1：1兑换，令人不解的是币安在此次的代币升级中并未提醒用户此次代币升级伴随着4倍增发，存在刻意误导用户购买的嫌疑。