The following are five news worthy of note in the currency circle in the past 24 hours:

1. Canary Capital launches HBAR trust fund to expand interest and investment in Hedera blockchain.

2. Bitwise submitted an XRP ETF application to demonstrate the market potential of XRP and further expand crypto investment products.

3. Multicoin Capital pointed out that excess capital in the bull market has led to overvaluation of projects, and market adjustments have forced companies to cut costs.

4. Proton dismisses Swan Bitcoin lawsuit

Denying accusations of stealing trade secrets, the two sides continue to argue over business practices.

5. As the conflict in the Middle East escalates, the hedging function of Bitcoin is questionable, and the market still regards it as a high-risk asset.