[News Flash] Despite the overall sluggish performance of the cryptocurrency market, ETH, BTC, and SOL have increased by 48%, 44%, and 38% year-to-date in the second quarter of 2024, respectively. Ethereum pledged 33 million ETH, accounting for 27% of the supply, limiting liquidity. The transfer volume of stablecoins reached a record high of $1.2 trillion in May 2024. In addition, Bitcoin's 30-day hash rate fell 7% to 580 EH/s after the halving, while the upcoming Mt. Gox repayment and BTC sales by German authorities added to market pressure. Although these events may put short-term pressure on Bitcoin's price, their one-off nature suggests that the impact may be temporary.