The cryptocurrency market has been under significant pressure recently. Data shows that the British Financial Conduct Authority said that 87% of cryptocurrency company registration applications failed to meet the standards, indicating that industry compliance risks have increased. At the same time, whales increased their holdings of 3.9 million NEIRO, indicating that some funds were flowing into emerging projects. The net outflow of the US Bitcoin ETF reached 720 BTC, and the Ethereum ETF saw an outflow of 15,367 ETH, showing investors' cautious attitude towards mainstream encryption. In terms of market price, Bitcoin fell below $56,000, which also affected BNB to fall below the $500 mark again. In addition, in the past hour, the entire network liquidated $20.78 million in positions, mainly concentrated on long orders, showing the extreme volatility of the market. The Riot platform holds more than 10,000 Bitcoins, and HIVE Digital holds 2,533 BTC. The stability may bring some support to the market. With the launch of new projects such as Bybit's Catizen (CATI) trading, market activity will increase, but at the same time, high volatility and outflow risks remind investors to stay vigilant. Overall, the cryptocurrency market is currently in a period of adjustment, and it is necessary to pay attention to changes in compliance and capital flows.