The correction could have more room to run, with ETH potentially falling to as low as $2,700-$2,800, 10x Research's Markus Thielen warned.

[U.S. SEC Suspends Crypto Treasury Investigation Due to Government Shutdown, Subpoenas May Be Issued After Resumption] The U.S. government shutdown has entered its second month, and the SEC's investigation into potential insider trading related to the crypto asset treasury strategies (DAT) adopted by publicly listed companies has been temporarily halted. A former SEC attorney stated that the investigation is almost certain to resume once the government reopens. If the preliminary investigation escalates into a formal one, the SEC may issue subpoenas within one to two months. Legal experts believe that although the Trump administration is relatively friendly toward the crypto industry, the SEC's efforts to clarify potential violations will help improve the regulatory framework for the digital asset market.

The cryptocurrency market has experienced significant fluctuations recently, with a total settlement amount exceeding $2 billion. The continuous decline in Bitcoin prices has driven Ethereum to a 4-month low. Market data shows that a large number of leveraged trades have been forcibly liquidated in the past 24 hours, further exacerbating market panic. Investors need to be vigilant about market volatility risks. （Decrypt）

US Senator Cynthia Loomis stated that the cryptocurrency market structure is the most significant digital asset legislation in US history. （Watcher.Guru）

[Trump Says Supreme Court Tariff Case Concerns the Survival of the United States] Trump stated that the tariff case soon to be heard by the U.S. Supreme Court is crucial to the nation's survival. He believes that if the case is won, the United States will achieve fair economic and national security guarantees; if lost, it will struggle to resist other countries that have long taken advantage. He also mentioned that the economic security brought by tariff policies and related agreements are key reasons for the U.S. stock market reaching new highs and the nation being respected.