DRV saw a short-term surge, breaking above $0.42, while tokens including LIT, ETHFI, and AAVE also rallied in tandem.

According to Coinglass data, as Bitcoin has continued its downward trend to fall below $81,000 and Ethereum has dropped below $2,500, funding rates on major centralized (CEX) and decentralized (DEX) crypto exchanges signal the market has turned bearish again. Specific funding rates are detailed in the attached chart. BlockBeats Note: The funding rate is a mechanism set by cryptocurrency trading platforms to align contract prices with underlying asset values, primarily applicable to perpetual contracts. It acts as a fund transfer between long and short traders—trading platforms do not collect this fee. The rate adjusts the cost or profit of holding contracts, ensuring contract prices stay closely tied to underlying asset prices. A 0.01% funding rate is the benchmark. A rate above 0.01% signals broad market bullishness, while a rate below 0.005% indicates widespread bearish sentiment.

Polkadot officials announced that its stablecoin dotUSD has officially launched on the Polkadot network. dotUSD has no single issuer or single point of control risk, is fully governed collectively by the DOT DAO through the decentralized OpenGov mechanism, and serves as the native decentralized stablecoin of the Polkadot network.

According to HTX market data, Bitcoin has continued its downward trend, falling below $81,000, with a 2.6% drop in the past 24 hours.

Ethereum falls below $2,500, logging a 2.61% decline over the past 24 hours.

According to TradingBeats' monitoring, as Ethereum (ETH) dropped below $2,500, "Brother Ma Ji" (Huang Licheng) has been continuously liquidating his long ETH positions valued at approximately $92.88 million, cutting his position size to $54 million. The entry price of his remaining positions stands at $2,626.94, with a liquidation price of $2,466.95. ETH is currently trading at around $2,487, just about $20 away from forced liquidation. The net asset value of "Brother Ma Ji"'s account is currently $1.53 million, all utilized as margin for his long ETH positions.

According to HTX market data, SOL has fallen below $110, posting a 5.2% drop in the past 24 hours.