Main password: Binance launches Kite, main player trades $300 million bet on this direction

Patrick Witt stated that some US senators still struggle to understand the core concept of decentralized finance (DeFi), but progress has been made in pushing for meaningful legislation. He expressed the above viewpoint during an interview at Ripple's Swell 2025 event. In the future, the progress of DeFi related legislation is worth paying attention to. （CoinDesk）

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）

Ripple CEO Brad Garlinghouse stated at the Swell 2025 event that cryptocurrency should not be used as a tool for partisan divisions. He believes that regulation should focus on outcomes rather than the technology itself, and warns that politicizing cryptocurrency may bring risks. Garlinghouse emphasizes that technology should transcend partisan boundaries and calls on leaders to promote more inclusive policies. （CoinDesk）

Cryptocurrency prices rebounded, and after a sluggish market sentiment yesterday, Bitcoin rose to $103800 and Ethereum rose to $3440. Multiple tokens have shown strong performance, with HYPE up 10%, AVAX up 5%, UNI up 6%, and WLFI up 7%. （Santiment）

[U.S. Supreme Court Tariff Case Outcome May Have Limited Economic Impact] The U.S. Supreme Court today reviewed whether the International Emergency Economic Powers Act (IEEPA) grants the president the authority to impose tariffs in emergency situations. An article from the Brookings Institution pointed out that regardless of the ruling, the actual economic impact may be limited. Even if the Supreme Court upholds the previous ruling unfavorable to former President Trump, he may still implement similar tariffs under other trade laws. If the court rules that the president does not have the authority to impose tariffs under IEEPA, the government may be required to refund over $100 billion in tariffs already collected.