Today’s notable market movements:

First, let’s talk about big players’ actions. There’s a whale address holding $560 million worth of assets that recently added another $110 million, showing very aggressive behavior — opening 5x leverage on BTC and ETH, and SOL directly surged to 20x leverage. Such large-scale capital flows can somewhat reflect major investors’ outlook on the future market.

On-chain meme popularity remains high. The US government’s new slogan-themed meme coin allin reached a peak market cap of $1.7 million, a 15x increase; Ledger’s founder’s token 1649AC is even more astonishing, peaking at $2.5 million, a 22x rise. The traffic driven by this political + celebrity effect is indeed intense.

Creator economy has new innovations. YouTube now allows creators to directly withdraw stablecoins as rewards, eliminating traditional payment channel fees and exchange rate losses, marking a real step towards on-chain settlement for Web2 platforms.

Major regulatory news: the SEC approved the US’s largest securities custody and settlement institution, DTCC, to put stocks, bonds, and treasury assets on the chain. If this pilot proceeds smoothly, large-scale asset on-chain transformation within two years may no longer be just a talk.

Finally, several leading exchanges are rolling out traditional finance segments, turning forex, precious metals, crude oil, and indices into perpetual contracts. The boundaries between traditional assets and the crypto market are accelerating to blur.