Recent dynamics in the cryptocurrency market have been frequent, with CoinShares and Grayscale sequentially applying for XRP and Litecoin ETFs, marking a gradual recognition of cryptocurrency assets by traditional finance. Meanwhile, BTC price fluctuated, briefly falling below $105,000 but then rebounding to $107,000 USDT, with a daily increase of 1.17%, while ETH broke through $3,400, with an increase of 0.49%. Notably, the US Congress is adjusting policies regarding the cryptocurrency industry, focusing on the phenomenon of "de-banking," which may affect the future market structure. Additionally, the ANIME token reached a market capitalization of over $350 million on its first day of launch, reflecting strong market attention towards emerging projects. According to data, as market liquidity tightens, overall sentiment appears slightly weak, but the long-term trend remains optimistic. Overall, the cryptocurrency market is exhibiting complex and active volatility under the dual influence of regulation and market demand. Currently, the cryptocurrency market shows a narrow range of fluctuations, with signs of renewed warmth.