According to the latest market dynamics, the correlation between Bitcoin and gold has recently fallen to an 11-month low, showing changes in market risk appetite. At the same time, the market value of the Pnut project reached US$1 billion, marking a significant increase in its market recognition. In terms of legal risks, Stronghold Mining Company settled a class action lawsuit for US$4.75 million and 25 Bitcoins, indicating that the industry still needs to deal with compliance challenges. In addition, a certain whale deposited 5,000 ETH on Binance, suggesting an acceleration of capital inflows. In terms of market transactions, the transaction volume of Hong Kong virtual asset ETFs reached HK$92.79 million, reflecting investors’ continued attention to virtual assets. The Bitcoin Volatility Index rose to 62.32, a single-day increase of more than 8%, showing increased price volatility in the short term, but analysts believe that its upside potential still outweighs the downside risks. The expansion of Revolut’s cryptocurrency services to 30 European countries will promote the popularity of cryptocurrency. Overall, the cryptocurrency market is still experiencing volatility, but signs of underlying upward momentum and inflows suggest a positive trend is taking shape. The current market trend is relatively optimistic.