Analyst: Bitcoin’s realized market capitalization has notched its strongest growth since the start of the current bear market, adding over $4.6 billion in the past week.

According to GMGN market data, the meme token TENDIES on the Robinhood blockchain has exceeded $27 million in market capitalization, with a 24-hour increase of 41.2% to hit a recent high, and has now pulled back to $22 million, with a 24-hour trading volume of $2.8 million. TENDIES originates from the internet meme "tendies" (chicken nuggets), which comes from U.S. retail investors and the Reddit community, embodying the grassroots sense of victory of ordinary retail investors celebrating by eating chicken nuggets after making profits. BlockBeats Note: Meme coin trading is highly volatile, largely dependent on market sentiment and concept hype, has no actual value or use cases, and investors should be mindful of the risks.

Tether CEO Paolo Ardoino has responded in a post to remarks from Bank for International Settlements (BIS) General Manager, who claimed stablecoins are inadequate for large-scale payments and instead backed tokenized bank deposits. Ardoino drew a structural comparison between the two: stablecoins are backed by 100% liquid assets such as government bonds, while tokenized bank deposits are essentially unenforceable pledges—typically not fully insured, with liquid asset reserves often standing at just around 10% (a fractional reserve). The BIS’s real concern is not whether stablecoins can facilitate payments, but that they expose the "emperor’s new clothes" of the traditional banking system. Ardoino then raised two questions: if stablecoins are fully reserved, why should savings be placed in fractional reserve products? What would become of the financial system if people realize stablecoins are safer and move their savings there? Ardoino directly took aim at the fractional reserve model of the traditional banking system.

After SIVE’s earnings report, Serenity published an article systematically outlining its bullish thesis on the scaling of optical interconnects and co-packaged optics (CPO) between 2027 and 2028. Pluggable module segment: JBL has confirmed 1.6T LRO, with orders placed in H1 2027 and ramp-up in H2, potentially serving multiple hyperscalers. Three other module manufacturers are evaluating the opportunity, while three more are conducting supply assessments. Reference design segment: GlobalFoundries’ SCALE has confirmed potential CPO customers including AMD and other hyperscalers. External light source and optical engine segment: POET, O-Net, and SemiNex are confirmed players, while AEVA is a potential match. For 2028 Optical I/O: Ayar Labs has confirmed potential integrations with AMD, Alchip, hyperscaler ASICs, and NVIDIA NVLink. Marvell Celestial, Lightmatter, and Lightelligence are listed as potential customers. The same period may also see TFLN-related projects such as Apple’s next-generation wearables. Serenity cites Goldman Sachs data showing the total addressable market for CPO will grow from near zero to roughly $91 billion by 2028. Morgan Stanley has named Sivers, LITE, and COHR as key laser suppliers for CPO. But Serenity’s criticism of SIVE is equally sharp: the company has not clearly communicated the economic scale of the 2027-2028 optical scaling cycle to Western and U.S. institutions. SIVE should position itself as a next-generation, high-growth global laser optics company targeting hyperscalers, rather than framing its narrative around backward-looking metrics like "current small revenue and ongoing losses". SIVE should be viewed as a high-elasticity play in the 1.6T and CPO optical transition cycle between 2027 and 2028.

According to GMGN market data, crypto KOL @XXAntiWar chased the rally to buy 17.56 million units of "Niulai" when its market cap stood at around $86 million. After Binance announced it will list Niulai derivatives contracts, his unrealized gains once exceeded 47%, peaking at $860,000, and currently standing at $210,000. The cost of his position is approximately $1.514 million. Earlier, on-chain analyst Yu Jin monitored that 5 hours ago, two addresses suspected to belong to crypto KOL @XXAntiWar chased the rally to purchase Niulai when its market cap was around $86 million: - Address 0x90c1 used 1,540 BNB (valued at ~$1.067 million) to buy 12.25 million Niulai; - Address 0xfe57 used 645 BNB (valued at ~$447,000) to buy 5.31 million Niulai. BlockBeats reminds users that most meme coins lack real-world use cases, are subject to extreme price volatility, and investment in them requires caution.

According to monitoring by OnchainLens, Cumberland has transferred 170,000 HYPE tokens to a trading platform, valued at approximately $14.09 million, and is set to sell the tokens on behalf of its clients.

Binance will launch a USDT-margined perpetual contract for Chinese meme token "Niu Lai". The contract will go live today at 19:30 (UTC+8), with a maximum leverage of 10x.