Market

BTC led the crypto market, breaking above $107,000, and the technical bullish sentiment continued to strengthen. ETH underperformed, maintaining a volatile pattern. Altcoins rebounded as a whole, with SEI leading the gains. Net ETF inflows continued, indicating strong institutional demand. On the macro front, the US PMI performed strongly, and the stablecoin market capitalization rose to $256.5 billion. In terms of market hotspots, the SEC said that the physical redemption mechanism of BTC ETF may be implemented, and the market regulatory environment is becoming more mature. Bit Digital's announcement of a shift focused on ETH staking shows a market preference for a shift to a PoS model. Lumia has teamed up with Avail to promote the new infrastructure of RWA cross-chain assets. (Click to view the full article)