Cryptocurrency: $1.6 billion position cleared in the past 24 hours
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In the past 24 hours, the cryptocurrency market has cleared approximately $1.6 billion in positions, indicating increased market volatility and investors need to pay attention to risks. （Cointelegraph）
Sergey Nazarov, co-founder of Chainlink, stated that large institutions, including JPMorgan, are adopting blockchain technology based on its advantages. This indicates that the application of blockchain technology is gradually gaining recognition from traditional financial institutions. More institutions may join the ranks of blockchain technology applications in the future. （CoinDesk）
In the wake of the U.S. GENIUS Act, Canadian lawmakers are moving on Canadian-dollar-backed stablecoin legislation, which is being cheered by crypto interests.
US President Trump has stated that Bitcoin and cryptocurrencies can alleviate the pressure on the US dollar, implying their potential impact on the US dollar. This statement has attracted market attention. Source: (Bitcoin Archive)