ey

According to CoinDesk, Silicon Valley Bank has released a report stating that Bitcoin lending has entered a new institutional era after experiencing the 2022 crypto credit crisis, with stronger risk control, increased institutional participation, and declining borrowing costs. Bitcoin is being viewed as a collateral asset with immediate global liquidity, fast settlement, and interchangeability. Currently, several major banks in the United States have offered Bitcoin-backed credit services, with the total amount of crypto mortgages increasing by 49% year-on-year to $67 billion. Bitcoin lending platform Ledn estimates that the current consumer BTC mortgage market is about $3 billion, which could expand to $1 trillion over the next decade.The report points out that the collapses of Celsius, BlockFi, and Genesis from 2022 to 2023 exposed issues such as maturity mismatches and excessive leverage, making conservative underwriting and transparent risk management the foundation of the industry. Currently, Bitcoin mortgage interest rates range from 7.5% to 16%, and Silicon Valley Bank expects that participation from banks and private credit funds will gradually narrow the spread.

According to a report by crypto.news, Galaxy Digital CEO Mike Novogratz stated that the core reason for Bitcoin's recent decline is the "collapse of confidence triggered by Strategy." The issue lies not only in the price of Bitcoin itself but also in the growing concerns in the market regarding Strategy's financing model.As the largest publicly traded holder of Bitcoin globally, Strategy's stock and preferred securities have become key indicators for traders to measure Bitcoin market risk. Previously, the company's Bitcoin flywheel effect had come under pressure, with stock trading prices dipping below the value of its Bitcoin holdings, indicating that its long-reliant "premium stock issuance to repurchase Bitcoin" model is being challenged. Novogratz bluntly stated that STRC trading is weak, which should have been maintained around $100. Currently, Strategy's annual dividend obligation has risen to about $1.2 billion, and a decline in cash reserves has reduced the dividend coverage period to only about 14 months.Bitcoin is also facing pressure on a macro level. Novogratz summarized the current market logic as "a strong dollar means a weak Bitcoin," with hawkish central bank signals and a strengthening dollar suppressing demand for risk assets. From a technical perspective, the $59,000 to $60,000 range for Bitcoin has become a critical defense line, and if it breaks down, the downward space could open up to $45,000.Novogratz also admitted that the current situation is complex, with a 50-50 probability of a rebound or a deep correction. Outflows from ETF funds, weak liquidity, and cautious positioning in the options market further confirm the fragile market sentiment. Now, the health of Strategy's balance sheet, the performance of STRC prices, and cash positions have evolved from being company-level issues to becoming confidence signals for the overall Bitcoin market.

The Federal Bureau of Investigation (FBI) reminds victims of the OneCoin international cryptocurrency investment scam that they can apply for compensation through a special program by the Department of Justice (DOJ) before the deadline.This process allows individuals who purchased OneCoin and suffered direct financial losses due to the OneCoin scheme between 2014 and 2019 to submit applications. Victims can submit applications via mail, email, or an online form. However, submitting an application does not guarantee financial compensation.The DOJ stated that global investors in OneCoin have collectively lost over $4 billion.

Coinbase officially stated that it is cooperating with the Brooklyn District Attorney's Office in New York, assisting in the investigation of a long-term impersonation fraud case targeting platform users and supporting victims in recovering funds.According to the Brooklyn District Attorney's Office, a Brooklyn man has been charged with long-term impersonation of Coinbase customer service, using social engineering techniques to mislead users into believing their accounts were compromised and requesting them to transfer funds to a "secure wallet," subsequently transferring and stealing the funds. The case involves approximately 100 victims, with the amount in question nearing $16 million, and over $600,000 has been recovered so far.Coinbase stated that such scams do not stem from platform security vulnerabilities but are social engineering attacks that exploit user trust and urgency, with common tactics including identity forgery, impersonating customer service, and creating account risk panic. The company claims to have cooperated with law enforcement to complete various investigative tasks, including identifying suspects, assisting victims in notifications, providing legal request data support, and on-chain fund tracking, emphasizing that blockchain traceability helps law enforcement track the flow of funds.Coinbase also reminds users that the platform will never ask users to transfer funds to a "secure wallet," nor will it request 2FA verification codes, recovery phrases, or password reset links, and advises users to contact customer service only through official in-app channels. The company will continue to strengthen anti-fraud mechanisms, user education, and cooperation with law enforcement to address the increasingly complex cryptocurrency asset fraud.

According to GMGN data, the top 5 tokens with net inflow of KOL in the past 24 hours are as follows:𝕏Money (DhEr....ump): Net inflow of $7,000, with a 24-hour increase of 4487.6%, currently priced at $0.0003.ZERO (Emcx....ump): Net inflow of $3,000, with a 24-hour decrease of -31.8%, currently priced at $0.0022.piss (DXXc....kbu): Net inflow of $836, with a 24-hour increase of 1354.2%, currently priced at $0.0001.のん (J8pJ....ump): Net inflow of $480, with a 24-hour increase of 799.4%, currently priced at $0.0001.infinity (91Nz....ump): Net inflow of $409, with a 24-hour increase of 68.9%, currently priced at $0.0001.

According to Jinshi reports, Federal Reserve's Williams stated that the standing repo operations are a key tool to curb interest rate pressures.

According to The Block, a survey by CoinShares of 261 wealth management professionals in Europe shows that 52% of UK wealth advisors indicate that most of their clients' crypto asset exposure is outside their management scope (with a management gap exceeding 50%), while the overall percentage in Europe is one-quarter.The report points out that this "management blind spot" is primarily driven by company policies rather than a lack of advisor knowledge or client demand. In companies with explicit restrictions or a lack of internal guidance, the proportion of advisors actively recommending crypto assets is only 1%, while the management gap reaches 34%; in contrast, in companies with clear support, the recommendation rate is 48%, and the management gap is only 4%.The survey also found that the changes advisors most want to see are regulatory recognition of digital assets as a mainstream asset class (45%) and access to exchange-traded products (ETPs) (43%), rather than purely educational training.Currently, the UK's Financial Conduct Authority (FCA) has proposed allowing authorized funds to hold up to 10% in crypto ETPs, and the European regulatory environment is gradually shifting towards support, which may help narrow this management gap.

With the current price of Bitcoin at $59,291 and a 200-day dollar-cost averaging (C200) of $75,821, the Bitcoin Ahr999 "bottom-fishing" indicator is currently at 0.285. The previous low this year was 0.27 on February 6.According to statistics, an Ahr999 below 0.3 is a rare case of extreme undervaluation, mainly occurring during significant market crashes or moments of panic. Historically, there have been the following major instances of falling below 0.3:In November 2011, when the price of Bitcoin was only in single digits and had not yet reached widespread consensus;The bottom of the bear market in 2018 (lowest around 0.24);The "March 16 flash crash" in 2020 (COVID panic);In June 2022, during the ETH liquidation crash and the FTX crash in November, it touched around 0.27 multiple times;In February 2026, it reached 0.27-0.29, close to historical lows.It is reported that this indicator assists Bitcoin dollar-cost averaging users in making investment decisions in conjunction with timing strategies. This indicator implies the short-term yield of Bitcoin dollar-cost averaging and the deviation of Bitcoin prices from expected valuations. Historically, the Ahr999 index has been below the bottom line (0.45) for 655 days.

According to Arkham monitoring, Morgan Stanley has once again "bought the dip," increasing its total holdings by 143.312 BTC through its spot Bitcoin exchange-traded fund MSBT, worth 8.54 million dollars.As of now, its total Bitcoin holdings have reached 4,784 BTC, valued at approximately 293 million dollars.

According to the New Straits Times, Thailand has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of being involved in a transnational network that uses illegal cryptocurrency mining to launder money from fraud and online gambling. The Thai Special Investigation Bureau stated that Wang Yicheng was charged with theft and violating the Computer Crimes Act in November 2025, and is currently suspected of having fled the country. Thai authorities are cooperating with international law enforcement agencies to track his whereabouts.

According to Xinhua News Agency, the Supreme People's Procuratorate held a press conference today. Deputy Chief Procurator Miao Shengming introduced that the procuratorial organs are deeply investigating and thoroughly examining "self-money laundering" and "third-party money laundering" crimes, vigorously promoting the recovery of drug-related assets, and ensuring comprehensive coverage in the investigation and prosecution of drug-related money laundering crimes. From January last year to May this year, more than 1,200 people have been prosecuted for drug-related money laundering crimes. The Supreme People's Procuratorate has taken over the supervision of a major cross-border smuggling, trafficking, transporting drugs, and money laundering case involving Li Moubo and others, handled by the Chongqing procuratorial organs. Li Moubo laundered more than 48 million yuan through virtual currency and was sentenced to death after being punished for multiple crimes according to the law.

According to CoinDesk, Bitcoin has repeatedly found support around $59,000 in June, a position that has replaced $60,000 as a more critical technical support level. On Wednesday, as the decline accelerated, the price briefly approached $59,000 before rebounding to $61,000, a similar trend that occurred on June 5, when the price rebounded to $67,000 after stopping the decline near $59,000.The Federal Reserve's most closely watched PCE data will be released on Thursday evening, with core PCE expected to rise year-on-year by 3.3%-3.4%, the highest since October 2023. If the data exceeds expectations, it will confirm that the rise in inflation is not a temporary phenomenon, potentially strengthening interest rate hike expectations and pushing the dollar index further up, putting pressure on cryptocurrencies; if it falls short of expectations, it may alleviate concerns about interest rate hikes, providing support for Bitcoin's rebound from $59,000.

The new research lab Ethlabs was launched this week, co-funded by Ethereum co-founder Joe Lubin, Bitmine Immersion Technologies holding approximately 5.7 million ETH, and Sharplink holding approximately 876,000 ETH, with the specific funding amount undisclosed.Sharplink CEO Joseph Chalom stated that Ethlabs will complement the Ethereum Foundation, but acknowledged that the two will "overlap in certain areas," and that "the most concentrated talent" will be at Ethlabs. The lab focuses on faster settlement, cross-chain interoperability, and readiness for institutional and AI applications, which highly overlaps with the priorities of the Foundation after its reorganization this week.This move comes as the Ethereum Foundation cut about 40% of its 2026 budget and eliminated 54 positions this week, with Vitalik Buterin defining it as a shift towards a donation fund model. Former Foundation core development coordinator Trent Van Epps warned last week that core development faces a funding gap in three to nine months. Ethlabs' first real test will be the Glamsterdam upgrade, where the roadmaps of the two organizations will intersect for the first time in a limited upgrade queue.

According to The Wall Street Journal, blockchain public chain data analysis shows that Iranian entities have completed over $3.84 billion in transactions through the cryptocurrency exchange CoinEx to evade U.S. economic sanctions.Investigators have traced funds associated with two digital wallets controlled by the Central Bank of Iran, which are linked to the $1.5 billion stolen by North Korean hackers from the Bybit exchange. After flowing through a complex multi-layer transaction path, the related funds ultimately entered CoinEx, making it one of the core channels for Iran to bypass the sanctions system using cryptocurrency.

According to Arkham monitoring, Morgan Stanley has once again "bought the dip," increasing its total holdings by 126.115 BTC through its spot Bitcoin exchange-traded fund MSBT, worth 7.86 million dollars.As of now, its total Bitcoin holdings have reached 4,641 BTC, valued at approximately 291 million dollars.

Cryptocurrency payment company Alchemy Pay announced that it has obtained a Money Transmitter License in the state of Illinois, USA. As a key state with Chicago, a global financial center, Illinois is regarded as an important market for the development of fintech and digital assets in the United States. With this approval, the number of state-level remittance licenses held by Alchemy Pay in the U.S. has increased to 18, further strengthening its compliance operational capabilities in the core U.S. market and supporting the development of its stablecoin payment public chain, Alchemy Chain.

According to GMGN data, the top 5 tokens with net inflows of smart money in the past 24 hours are as follows:Goblin (3KHM....ump): Net inflow of $3,000, with a 24-hour increase of -7.6%, currently priced at $0.0057.Jonah (8xt6....ump): Net inflow of $669, with a 24-hour increase of 2161.9%, currently priced at $0.0001.CASHBACK (J7ne....ump): Net inflow of $486, with a 24-hour increase of 614.2%, currently priced at $0.0002.FARM (yMJP....ump): Net inflow of $304, with a 24-hour increase of -38.9%, currently priced at $0.0019.SOB (yVGw....Fmp): Net inflow of $285, with a 24-hour increase of 10.8%, currently priced at $0.0001.

According to Decrypt, the Thai Special Investigations Department (DSI) has expanded its investigation into the "gray Chinese capital" network. This network is suspected of using illegal cryptocurrency mining to launder money from phone scams and online gambling, with an annual amount involved exceeding 30 billion Thai Baht (approximately 300 million USD). Currently, authorities have seized 6,390 mining machines, with illegal electricity theft losses reaching 953 million Thai Baht (approximately 29 million USD), and arrest warrants have been issued for 4 Chinese financiers and 4 Myanmar nationals.The U.S. Secret Service has seized over 17.8 million USD in cryptocurrency assets related to key suspect Wang Yicheng, who is alleged to be connected to "pig butchering" scam operations. Additionally, the investigation also involves several officials from Thai electricity agencies and law enforcement personnel, and the case has been handed over to the National Anti-Corruption Commission for handling.

According to HK01, the Hong Kong police have cracked a cross-border money laundering case. The involved group used 43 Hong Kong bank accounts to process funds from 34 fraud cases between June and September 2024, amounting to approximately HKD 18 million, and is suspected of laundering up to HKD 230 million in criminal proceeds through cryptocurrency transactions via bank accounts.The police investigation found that a 34-year-old woman from mainland China is suspected of coming to Hong Kong to set up multiple puppet bank accounts, assisting the criminal group in laundering approximately HKD 9.29 million in criminal proceeds, and purchasing cryptocurrency through virtual asset exchange shops to disguise the source and flow of funds. The woman was sentenced to 47.5 months in prison.The Hong Kong police remind that assisting a criminal group in handling funds could face up to 10 years in prison, and those involved in money laundering could face fines of up to HKD 5 million and imprisonment for up to 14 years.