137 · Market Trends ✨ 2-6

Review of 24H Hotspots - Market Overview

1. The cryptocurrency market has sharply declined and is concentrating on deleveraging: approximately $2.114 billion in liquidations across the network in the last 24 hours;

2. Bitwise submitted the S-1 registration statement for the Bitwise Uniswap ETF to the SEC;

3. Increasing signals for U.S. cryptocurrency legislation: the Senate is brewing to restart the market structure bill, and the Treasury Secretary is applying pressure;

4. The Russian bank has launched BTC-backed loans for the public;

5. Divergence in predictions between markets and institutional views: Polymarket bets on increasing downside probability, while JPM sets a long-term high target;

6. Coinbase launches Hyperliquid (HYPE) and Rainbow (RNBW) spot trading;

7. USDT OTC premium rises;

8. U.S. stocks and macro: Amazon's CAPEX guidance impacts stock prices, U.S. stock indices close lower.