Multicoin Capital: Invested in Ethena Protocol's native token ENA using liquidity.

- 2025年比特币机构采用加速，监管明确（如现货ETF获批）和基础设施完善（如BlackRock IBIT、JPMorgan托管服务）推动资本流入。 - 美联储转向量化宽松及降息至3.75%-4%，叠加政府停摆结束带来的流动性，强化比特币作为风险资产的吸引力。 - 技术指标显示比特币RSI超卖（30.52）且MACD趋平，机构ETF资金流出现反弹（如IBIT单日流入7547万美元），暗示短期修正可能。 - 散户投资者可关注9万美元关键支撑位及ETF资金流向，结合宏观宽松与机构动向把握战略入场时机，但需警惕HODL/FBTC等基金的持续看空信号。

- MoonBull (MOONBULL) raised $600,000 in funding, highlighting growing institutional interest in utility-driven altcoins with DeFi infrastructure and staking rewards. - Crypto.com's CRO token maintains stability through expanded merchant partnerships and AI-driven tools, positioning it as a "safe haven" amid market volatility. - Stellar's XLM sees renewed adoption via cross-border payment partnerships, with 20% higher transaction volumes reflecting demand for low-cost solutions in emerging markets. - Marke

- Hong Kong regulators impose strict rules on stablecoin issuers, requiring fiat-collateralized tokens and a 25M HKD capital requirement. - Aligning with global trends, the rules aim to curb risks from algorithmic stablecoins but raise concerns about Hong Kong's competitiveness against rivals like Japan. - Japan's pro-crypto policies and incentives attract firms, while global players like Deutsche Börse integrate fiat-backed stablecoins into financial systems. - Hong Kong's framework mandates reserves and

- Japan's $135.4B stimulus package triggered a 3.41% surge in 30-year bond yields, destabilizing the $20T yen carry trade and sparking global crypto/stock selloffs. - Rising yields threaten Japan's 230% GDP debt load with higher servicing costs, creating a "debt death spiral" risk as BOJ hesitates to tighten policy. - Forced deleveraging by financial institutions intensified Bitcoin's 26% drop, with Ethereum/XRP/Solana also falling 3-5.6% amid margin calls and capital repatriation. - Upcoming 40-year bond