Current funding rates across major CEXs and DEXs show the market has returned to significant bearish sentiment.

Serenity released a statement noting that a new bearish scheme has emerged in the market targeting trillion-dollar tech firms including NVIDIA and TSMC: some parties are deliberately exaggerating issues in specific technical or supply chain segments to conclude that entire projects will be delayed or business operations will suffer setbacks. Such actions often leave companies in a dilemma: if they choose not to respond, related remarks may negatively impact their stock prices and market sentiment; if they issue clarifications, they cannot disclose excessive details as supply chain information typically involves trade secrets, and external doubts may not subside even after clarification. Serenity further stated that under the current social media environment and traffic-driven incentive mechanism, this model of gaining attention by creating controversy and amplifying partial problems is being adopted by more and more people, and its long-term development trend merits market vigilance.

According to GMGN data, CZ’s donation address transferred 700 million CZ tokens and 400 million TCC tokens to a black hole address five minutes ago. Triggered by the news, CZ rallied over 220% in a short time, with its current market capitalization standing at $30.48 million; TCC rose 82.51% in the same period, now valued at $7.55 million. Earlier, CZ posted on social media: “I neither hold nor am familiar with the newly launched meme coins CZ, TCC, and AB on BNB Chain. I only interact with active, energetic users in the community. May the best meme coin prevail.” The timing of this burn of popular meme coins by CZ’s donation address is noteworthy. Over the past week, Robinhood Chain has surged, with its on-chain activity (DEX trading volume) ranking second across the entire crypto industry globally.

According to data from Cloverpool, Bitcoin’s mining difficulty adjusted at block height 957,600 (at 04:09:11 Beijing Time today), dropping by 5% to 127.17 T. The current 7-day average network hash rate stands at 866.28 EH/s.

CryptoQuant analyst Axel Adler noted in a post that Bitcoin’s short-term holder (STH) real stress model shows buying and selling pressure among current STHs is cooling slightly, with buying power still leading. Meanwhile, after 8 consecutive weeks of outflows, the ETF market recently recorded a net inflow of roughly $197.4 million—though this amount is insufficient to confirm a reversal in institutional demand trends, signaling market capital momentum remains weak. Next week will bring multiple key macroeconomic data releases and events, so whether institutional funds can return remains to be observed.

On-chain analyst Ai Yi ( @ai_9684xtpa ) has monitored that a trader purchased CASHCAT worth $1,190 at an average price of $0.00664 six days ago, and fully exited all positions by selling at an average price of $0.17585 eight hours ago, generating a total profit of $14,400.

MicroStrategy founder Michael Saylor published an article stating that Bitcoin is a spontaneously evolved network system, where the influence of wallets depends on the number of satoshis they hold, nodes’ influence is determined by commercial activities, miners’ influence by computing power, and capital, consensus, and network security together sustain a dynamic balance.