Bitcoin hovers near 64K, gold coins fall. Regulatory developments are frequent, the SEC postpones encryption rules, Tether completes its audit, and the South Korean encryption fraud case is pronounced.
The crypto market maintained a narrow range yesterday, with Bitcoin rising slightly by 0.1% to $63,517.29, Ethereum and Solana rising by 0.57% and 0.58% respectively, while BNB fell slightly. On the regulatory front, the SEC once again postponed the “innovation exemption” and canceled the Reg Crypto meeting, indicating that it will still take time to implement the regulatory framework and increase short-term market uncertainty. Tether completed its first comprehensive audit and received an unqualified opinion from KPMG, which enhanced confidence in the stablecoin market. The CEO of South Korea's Delio was sentenced to 15 years in prison, demonstrating the severity of regulatory crackdowns on fraud. At the macro level, the U.S. PPI data cooled down and the number of initial jobless claims slightly exceeded expectations. However, the stock market still rose and risk appetite rebounded. Gold tokens fell, possibly due to rising real yields and weakening safe-haven demand.
Bitcoin is hovering near $64,000 amid cautious market sentiment. The SEC has delayed crypto rules, and regulatory uncertainty has dampened investors’ aggressive operations. Tether passed the audit, and the stability of USDT was endorsed, which will help stabilize the currency market. South Korea's Delio case warns of industry risks, but the overall impact is limited. In terms of public chain ecology, Robinhood Chain TVL is close to US$1 billion, and Uniswap integration improves liquidity. Mining companies turned to AI infrastructure, and computing power dropped by 13.4%, but AI revenue increased. Overall, the market lacks directional driving and may remain volatile in the short term.
Gold tokens XAUT and PAXG fell 1.9% and 1.88% respectively, diverging from the trend of London gold and COMEX futures, which may reflect insufficient liquidity or premium changes in the token market. High real yields have undermined gold's appeal, but geopolitical risks such as the situation in Iran have provided some support. The market is paying attention to U.S. economic data on Thursday, and if the data is weak, it may boost gold prices. The current price of gold tokens is highly volatile, and investors need to be aware of the risks.
This briefing is generated automatically from public sources for reference only and is not investment advice. Markets carry risk; make your own decisions.
