Ethereum Withdrawal Momentum Rebounds, with a CEX Net Outflow of 9457.52 ETH in the Last 24 Hours

According to official announcements, opinion trading platform Tropic has officially launched on Robinhood Chain. Tropic positions opinions as a new generation of financial primitives. Users only need to describe their views to Tropic, and its AI will generate a corresponding initial investment portfolio. They can further adjust assets and weights, then allocate funds to publish their views. Other users can either directly invest in these views, or build their own portfolios based on the original ones. Meanwhile, Tropic has launched a Battle feature, with two themed showdowns debuting: "AI Boom vs. AI Bubble" and "Robinhood Chain vs. BNB Chain." In these showdowns, users can allocate funds and support a side with their views. The weighted aggregate of all views from the same side forms that side’s investment portfolio, and the winner is determined by the investment returns of the respective portfolios.

NEAR Intents has issued a security alert confirming it was targeted by an attack. Preliminary investigations attribute the vulnerability to flaws in the interaction between Omni’s deposit and withdrawal infrastructure and its smart contracts. The contract vulnerability has been patched, core services are expected to resume within one hour, and a full compensation commitment for all damaged assets has been made. Deposits and withdrawals on multiple public chains including BSC, Polygon, and TON will be additionally suspended for approximately 12 hours. The case has been reported and on-chain tracking is underway. Separately, on-chain detective ZachXBT warned that multiple abnormal outflows occurred from NEAR Intents’ BSC hot wallet; stolen funds have been transferred to KuCoin and cross-bridged to the Bitcoin network, with the total amount involved exceeding $3.8 million.

According to Bloomberg reporter Muyao Shen, London-based multi-strategy quantitative hedge fund Qube Research & Technologies (QRT) is accelerating its expansion into digital asset trading, investing in trading infrastructure and scouting external fund managers. QRT has made a strategic investment in Treadfi, an algorithmic trading and execution technology provider that supports execution routing across centralized exchanges (CEXs), decentralized perpetual contract exchanges (Perp DEXs) and on-chain protocols. Additionally, QRT is actively recruiting crypto-specialized roles such as quantitative researchers and traders, and is identifying and evaluating external crypto fund managers for separate managed accounts (SMAs).

According to TradingBeats’ monitoring, the address belonging to Huang Licheng, known as "Big Brother Ma" in crypto circles, continues to reduce long positions in BTC and ETH. The account’s total unrealized profit has narrowed to $73,000, with current positions as follows: · 25x long position in 35,224 ETH, average entry price of $2,676.32, unrealized profit of $590,000; · 40x long position in 272 BTC, average entry price of $83,788.3, unrealized loss of $20,000; · 10x long position in 209,000 HYPE, average entry price of $90.19, unrealized loss of $220,000; · 10x long position in 1.225 billion PUMP, average entry price of $0.005784, unrealized loss of $277,000.

According to Reuters, Citigroup has raised its 12-month price forecasts for Bitcoin and Ethereum, citing factors including increased crypto market activity, a supportive macroeconomic environment, and a resumption of ETF inflows. The bank lifted Bitcoin’s 12-month price target from $82,000 to $113,000, and Ethereum’s from $2,240 to $3,028. In a Wednesday report, Citigroup said it expects crypto market inflows to resume, though at a slower, more steady pace than before, with sustained inflows as advisory firms and brokerages gradually increase their Bitcoin allocations. The bank projects $5 billion in inflows into the crypto market over the next 12 months. Last week, the U.S. Senate failed to advance the CLARITY Act, a bill designed to establish a regulatory framework for digital assets, a setback for the broader crypto industry. After the U.S. Treasury recently repurchased long-term government bonds, the U.S. dollar weakened, reigniting upward momentum in the crypto market.

Broadcom (AVGO.O) will extend up to $42 billion in loans to Anthropic to enable the latter to lease Broadcom's chips.