Preface
Bitcoin and Ethereum have risen by 3.94% and 3.62% respectively in the past 24 hours, with current prices at $90,163 and $2,236, and an ETH/BTC exchange rate of 0.025. The Crypto Fear & Greed Index is at 25, indicating extreme fear.

Market Trending

After experiencing a rollercoaster ride earlier, the crypto market is catching its breath. News about potential interest rate cuts and the upcoming White House crypto summit have boosted prices, with Bitcoin returning to $90,000 and Ethereum surpassing the $2,200 mark. The total market capitalization of the crypto market has exceeded $3 trillion.

In the past 24 hours, Bitcoin fluctuated between $86,358 and $91,000, accumulating a trading volume of $714 million. This upward trend is driven by positive economic news: the U.S. Treasury Secretary emphasized the importance of the government reducing long-term interest rates, expanding expectations for rate cuts; the expectation of tariff reductions announced by the Commerce Secretary for Canada and Mexico eased concerns about inflation and trade retaliation, creating a positive market sentiment. All three major U.S. stock indices closed higher, with large tech stocks rallying, and the crypto sector responding positively after the U.S. stock market opened.

Bitcoin’s short-term moving average has signaled a buy. If bullish momentum continues and trading volume remains strong, a challenge to the $100,000 resistance level may be achieved in the short term. However, if Bitcoin cannot maintain above $88,000, it may continue the selling pressure indicated by the long-term moving average, suggesting a deeper correction.

Altcoins are also rallying, with the meme sector seeing DOGE rise above $0.20 and TRUMP breaking $13, while other mainstream meme coins have seen slight increases. The AI sector is up 5%, led by FARTCOIN, which has surged over 25% in 24 hours, along with AVAAI and ZEREBRO rising over 10%. The DeFi sector is experiencing a stronger rebound, with ONDO and REZ up over 25%, and LINK, UNI, and AAVE also seeing double-digit recoveries.

Recent volatility driven by macroeconomic and market news highlights Bitcoin’s sensitivity. While long-term market sentiment remains optimistic, participants should remain cautious, as strong fluctuations are expected due to the upcoming White House crypto summit.

Spot Bitcoin ETF Flows

The U.S. spot Bitcoin ETF saw a net outflow of $115.74 million yesterday, with IBIT experiencing a net outflow of $38.51 million, BRR a net outflow of $60.42 million, and GBTC seeing no inflows or outflows.

Check Out the Latest Prices, Charts, and Data of BTC/USDT Spot and BTC/USDT Perp!

Daily Spotlight

Today’s spotlight is FARTCOIN, which has risen 25.88% in the last 24 hours.
Fartcoin (FARTCOIN) shares origins with GOAT and is an AI meme project related to the “Terminal of Truth.” It emerged from a dialogue in Infinite Backrooms. The Opus tutor requested ToT to design a token with “stunning meme attributes, real utility, and community-building value,” to which ToT responded with Fartcoin. This absurdly humorous and irreverent “fart” joke forms the basis of this meme. As the price rises, it has garnered increasing attention; some find the concept of a “fart coin” simple and amusing, while others view it as a reflection of financial nihilism or a form of rebellion and satire against TradeFi.
FARTCOIN has risen 25.88% in the last 24 hours, currently priced at $0.3207.

Check Out the Latest Prices, Charts, and Data of FARTCOIN/USDT Spot and FARTCOIN/USDT Perp!

The Word on the Street

U.S. SEC Commissioner Hester Peirce: The crypto task force has begun defining its scope of authority.

According to Fox Business reporter Eleanor Terrett’s post on X platform, U.S. SEC Commissioner Hester Peirce stated, “The crypto task force has begun to determine what falls outside the SEC’s jurisdiction, and it is important to understand what is within the SEC’s authority and what is not.” Hester Peirce also emphasized the importance of public participation in rule-making discussions, stating that those affected by the rules should have the right to participate in their formulation.

Project Funding

French crypto market maker Flowdesk completes $52 million Series B extension financing.

French crypto market-making and liquidity provider Flowdesk has completed a $52 million Series B extension financing, with 80% being equity financing and about 20% ($10.2 million) being debt financing. This round of equity financing was led by European investment firm HV Capital, with participation from Eurazeo, Cathay Innovation, and ISAI VC. The debt financing portion was provided by a fund managed by BlackRock. Existing investors Eurazeo, Cathay Innovation, and ISAI continue to provide support, bringing the total amount raised in Series B financing to $102 million.