According to Bloomberg, Bitcoin Ordinals trading volume has dropped significantly over the past month, falling by more than 70%. Analysts pointed out that this may be related to the market's waning interest in meme coins.

In addition, Cardano’s development team announced a new upgrade plan aimed at improving the scalability and security of the network. The plan is expected to be implemented gradually in the coming months.

USDT issuance has also increased, indicating that market demand for stablecoins remains strong. Experts believe this may be due to investors seeking safe-haven assets.