ZkSnarker

Solana spot ETF has recently performed well, with a single-day inflow of $23.57 million, sparking market expectations for SOL. However, ETF inflows are still relatively insufficient compared to the total market capitalization, making it difficult to significantly boost the coin's price. Meanwhile, although the Solana ecosystem has grown, DEX trading volume and on-chain activity have declined, putting pressure on its future.

Ripple and LMAX Group have reached a strategic partnership, with Ripple investing $150 million to support LMAX's cross-asset growth plan. LMAX will introduce the RLUSD stablecoin, which banks and institutions can use as collateral and settlement currency. This marks an increase in the importance of stablecoins in financial infrastructure and the integration of traditional and digital capital markets.

CME Group accelerates its cryptocurrency derivatives expansion, launching futures contracts for Cardano, Chainlink, and Stellar, enhancing financial derivative tools for these projects, and providing more hedging and arbitrage opportunities for institutional investors, reflecting the increased acceptance of crypto assets within the traditional financial system.

MilkyWay Protocol announces it will cease operations, primarily due to market demand for DeFi being below expectations and delays in product launch. The protocol's revenue comes from liquidity staking, and during the shutdown process, earned fees will be returned to holders, emphasizing that market demand is key to the project's operation.

Recently, XRP has experienced a surge in demand during US trading hours, with volatile price movements. Institutional investors are strategically positioning themselves during high-liquidity periods, with large buy orders not significantly pushing up the quotes, reflecting their strategic operations. XRP price remains steady around $2.10, indicating a strong bullish sentiment and suggesting that major players are preparing for future market developments.

The "USD1 Trading Competition" on BNB Chain has given rise to two meme coin projects worth tens of millions of dollars, "An" and "BIG DON," but their holding structures are suspiciously abnormal. The top 100 addresses hold less than normal levels, suggesting possible manipulation by the same entity. These types of meme coins are highly volatile and lack real value, so investors should stay alert and exercise caution when investing.

Recently, ASTER coin has attracted industry attention, with a 10% increase followed by a 5% correction. On-chain data performs well, with large holders continuously net inflowing, and weekly exchange outflows of $3.1 million indicating holder accumulation. The number of holding wallets has increased to 206,630, with a market cap of $1.94 billion. The technical chart has broken out of a descending wedge; if the breakout point holds, the target could reach $1, representing approximately a 120% increase.

A major trader experienced significant losses due to frequent short-term trading on BTC contracts, closing out a long position of 147.75 BTC, with a loss of $190,000. This incident highlights the potential risks of high-risk trading strategies in volatile markets.

Recent ETH trends show a volatile pattern, with prices rising initially and then pulling back. Trading volume has contracted, indicating weakening upward momentum. Among technical indicators, MACD shows no clear direction, and RSI indicates an increased risk of overbought conditions. Investors should watch the 3408.0 resistance level and develop corresponding long and short strategies to respond to market changes.

DFINITY Foundation releases the latest white paper "Mission 70," outlining the development of the Internet Computer ecosystem, emphasizing economic transformation, real-world applications, and execution-oriented strategies. The market response has been enthusiastic, with ICP prices rising by 30.3%, indicating strong interest in the new development direction.

The latest Federal Reserve Beige Book shows that economic growth has improved in 8 regions, with business confidence being optimistic and consumer spending increasing. However, behind the moderate inflation rate, there are tariff cost pressures, which businesses may pass on to consumers. Inflation risks still need to be monitored.

The meme coin issuance platform BonkFun on the Solana chain has launched "BONK Classic," with zero fees for creators and a trading fee reduced to 0.30%, aiming to attract traders dissatisfied with high fees. Meanwhile, the "BONKERS" mode remains available, targeting projects seeking long-term gains. This adjustment is designed to help BonkFun regain market share and enhance competitiveness.

A major corporation has increased its holdings of Ethereum again, staking 186,560 ETH on the Beacon Chain, bringing the total to over 1.53 million ETH, valued at nearly $5.13 billion, making it the largest corporate staker. Meanwhile, the validator queue has reached 2.3 million ETH. The company's management plans to submit a proposal to shareholders to increase authorized shares to continue purchasing ETH.