There have been a series of important developments in the cryptocurrency market recently, especially large-scale trading activities and technical updates. A trader bought SUNDOG at $1,690 and has made a floating profit of more than $20 million, showing the strong performance of the project. At the same time, another whale transferred 15,000 ETH to Kraken, showing the market's continued interest in Ethereum. However, the market is not all positive. Analysts pointed out that the possibility of Solana ETF being approved in the United States is very small, and the dependence on political factors has increased market uncertainty. In addition, Tether has added 1 billion unissued USDT on the Ethereum network, which may have an impact on market liquidity. In addition, the Mt.Gox address recently transferred 12,000 BTC, indicating that large amounts of funds are moving in the market, which has a potential impact on price trends. CME's Bitcoin futures long open interest increased to $5.64 billion, showing investors' confidence in Bitcoin. Overall, the current cryptocurrency market dynamics are complex, institutional capital liquidity and market psychological fluctuations have become important factors, and there may be pressure for adjustment in the short term. The overall trend tends to be cautious.