The 'greed' sentiment in the cryptocurrency market has cooled down and returned to a 'neutral' level

OKX-BTC/USDT is currently trading at $96504.30, with a 24-hour increase of 2.20%. Please be aware of market fluctuations.

According to Chainwire, online learning provider Classover Holdings, Inc. (Nasdaq: KIDZ, KIDZW) announced that it has signed an equity subscription agreement with Solana Strategies Holdings LLC. According to the agreement, the company will sell up to $400 million worth of Class B common stock. The proceeds from this equity subscription will be used to support the company's digital asset reserve strategy centered around Solana, as well as for working capital and strategic acquisitions. According to this measure, subject to certain restrictions, Classover will allocate a significant portion of the proceeds from the sale of any stocks through this agreement to purchase, hold for the long term, and pledge SOL tokens - making it one of the first listed companies to directly incorporate SOL into its core storage business. In addition, the company also plans to operate SOL verification nodes to facilitate network decentralization and security, while earning on chain staking rewards.

According to CoinDesk, Kuwaiti authorities are cracking down on illegal cryptocurrency mining activities, with over 60 people currently under investigation. This is a large-scale operation carried out by the country aimed at eradicating unlicensed mining. The security operation led by the public prosecution department was launched nationwide last Friday, focusing on residential areas suspected of installing mining machines. Acting Prime Minister Sheikh Fahad Al Yousef and Minister of Electricity Subaih Al Mukhaizeem personally coordinated this operation, aimed at curbing illegal electricity usage that leads to grid overload and power outages in some areas. The Kuwait Ministry of Electricity has started cutting off the power supply to properties related to mining, and approval from the Ministry of Interior is required to restore power. The country's Anti Money Laundering Committee, with the support of regulatory agencies such as the National Bank of Kuwait, has completely banned all cryptocurrency mining activities. The authorities have warned that more suspects may be discovered in the coming weeks and are conducting follow-up investigations in multiple communities.

According to Finance Feeds, cryptocurrency exchange Kraken has launched its Crypto-as-a-Service product Kraken Embed, allowing financial institutions to provide digital asset trading services to customers without the need to build their own trading systems. This product supports over 370 digital assets, and the European digital bank Bunq has become the first integrated partner. Kraken's head of payments and blockchain business, Brett McLain, stated that this solution can help financial institutions comply with cryptocurrency regulations within weeks while avoiding the complexity of operating their own exchanges. At present, the service has met the requirements of regulatory frameworks such as the EU MiCA, and more partners are expected to gradually integrate.

Odaily Planet Daily News: According to official data, the top of Sui's ecosystem, DEX Turbo Finance TVL, has surpassed 40 BTC. Among them, the TVL of LBTC wBTC pool is close to 4 million US dollars. Liquidity providers can receive a combination of TURBOS and DEEP rewards by providing pool liquidity, with a current annualized rate of return (APR) of 10%.