The Crypto Assets market welcomes multiple significant news today, attracting widespread follow from investors.

Firstly, the price of Bitcoin has risen again, approaching the historical high of $122,000. This surge not only reflects the market's ongoing confidence in Bitcoin but also suggests that Crypto Assets may be entering a new bull market cycle.

At the same time, institutional investors' interest in Bitcoin seems to be on the rise. Reports indicate that a large institutional investor recently increased their holdings of Bitcoin worth approximately $18 million, further confirming that Bitcoin's status as an institutional-grade investment asset is steadily strengthening.

However, the market has also received a piece of news that could trigger turbulence. Do Kwon, who has been controversial due to the Terra/LUNA collapse incident, is reportedly considering changing his previous defense strategy and opting to plead guilty. This potential shift could not only impact the related legal proceedings but also have far-reaching effects on the regulatory environment of the entire Crypto Assets industry.

These developments together create the complex situation of the current Crypto Assets market. On one hand, the rise in Bitcoin prices and the increase in institutional investment demonstrate optimism in the market; on the other hand, new developments in the Do Kwon case remind investors to closely follow regulatory risks. In this context, market participants need to remain vigilant and weigh potential opportunities against risks.