Bitget NEAR/USDT's perpetual trading volume surged 7 times within 10 minutes, with a turnover of 43.53 million US dollars in the past 24 hours, an increase of 14.29% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

[EU Plans to Advance Pension and Cryptocurrency Regulatory Reforms by Year-End] EU Financial Services Commissioner Albuquerque announced plans to promote pension investment reforms and simplify transaction processes by the end of the year, while considering granting the European Securities and Markets Authority (ESMA) direct regulatory powers. Emerging sectors such as crypto asset service providers will also be included in a more centralized regulatory framework, but this will not undermine the functions of national regulatory authorities.

Hedera’s native token surged on high trading activity, breaking through multiple resistance levels and holding gains near $0.25.

The team claims that the network will debut with more than $2 billion in stablecoin liquidity.

[Royal Canadian Mounted Police Seize Over $56 Million in Cryptocurrency and Shut Down TradeOgre Platform] The Royal Canadian Mounted Police (RCMP) Federal Policing East District has announced the completion of the largest cryptocurrency seizure operation in the country's history, involving over $56 million, and for the first time, the shutdown of the cryptocurrency trading platform TradeOgre. The operation began in June 2024, following a lead provided by Europol. Investigations revealed that TradeOgre was not registered as a financial services business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and failed to fulfill customer identification obligations. Preliminary findings by the police indicate that the majority of the platform's funds are linked to criminal activities. Currently, related transaction data is under further analysis, and charges may be brought against the parties involved in the future.

[Trump Administration Seeks Supreme Court Ruling on President's Authority to Dismiss Federal Reserve Governor Cook] The Trump administration has formally submitted a request to the U.S. Supreme Court, seeking a ruling on whether the president has the authority to dismiss Federal Reserve Governor Cook. This move could have profound implications for the independence of the Federal Reserve, especially in the current context of highly sensitive economic policies. The appointment and dismissal of Federal Reserve governors are typically subject to strict limitations to ensure the independence of monetary policy. This case could become a landmark in defining the relationship between executive power and the Federal Reserve's independence.

[PayPal Stablecoin PYUSD Launches on Stellar Network] According to Golden Finance, PayPal's stablecoin PYUSD has officially launched on the Stellar network.

[U.S. Senator Questions Whether Binance Complied with Settlement Agreement] According to Bloomberg, U.S. Senator Elizabeth Warren is pressuring the Department of Justice to confirm whether Binance has complied with the settlement agreement reached with federal prosecutors in 2023. The agreement involves money laundering and sanctions violations, with Binance agreeing to pay $4.3 billion and accept compliance oversight. The senator also inquired about details of Binance's interactions with Trump administration officials. Prosecutors are considering whether to allow the removal of compliance oversight requirements in the agreement.

Stock rebounds on technical support while peers in bitcoin treasury space struggle.

Brera’s Solmate will hold and stake SOL, with support from ARK Invest, RockawayX, Pulsar Group and the Solana Foundation.

The SHIB-DOGE pair has fallen to its lowest level since November 2021, continuing a downtrend from March 2024 highs.

[Brazil Leads the World in Crypto ETFs] Brazil has excelled in the crypto ETF sector: In 2021, it approved its first crypto ETF, and there are now at least 15 ETFs being traded. Additionally, it launched the world's first SOL and XRP-related ETFs, showcasing its industry-leading position.

[Main Password: Main Large Orders Reveal Short term bearish pressure on BTC, Main Transactions $37.45 million Bet on This Direction] The main large order is displayed on the K line in the form of a horizontal line, the thicker the line means the larger the pending order amount, and the longer the line represents the longer the pending order time

After three years of rebuilding, decentralized finance has returned to pre-Terra levels with more measured growth and rising institutional adoption.

[Kraken Partners with Legion to Launch MiCA-Compliant Token Sales] Kraken has partnered with ICO platform Legion to conduct MiCA-compliant token sales on its newly launched Launch platform in Europe. The two parties will share curated token sales, and the related tokens will be listed for trading on Kraken after the sales conclude. Legion anticipates that the majority of token sales will take place on Kraken Launch, with the first batch of joint sales to be announced next week. The platform utilizes a performance scoring system for token allocation and plans to expand access to the U.S. market. Kraken stated that it will conduct independent compliance reviews for the token sales.

[MoneyGram CEO Says Stablecoins Will Promote Financial Inclusion] MoneyGram CEO Anthony Soohoo stated at the Meridian 2025 conference that cryptocurrencies, especially stablecoins, will play a significant role in providing financial opportunities for the unbanked and underserved communities. Earlier this week, MoneyGram launched its own stablecoin, further accelerating its expansion in the crypto space.

Avalanche (AVAX) gained 10.4% and Bitcoin Cash (BCH) rose 7.8%, leading index higher.

OKX-ETH/USDT is currently trading at $4602.69, with a 5-minute increase of 0.24%. Please be aware of market fluctuations.

At the opening of the US stock market, the Dow Jones Industrial Average fell 4 points, the Nasdaq rose 174 points, and the S&P 500 index rose 0.39%.

[Former Pantera Partner to Invest $300 Million to Advance Solana Projects] According to Bloomberg, a former Pantera Capital partner will lead Solmate in the UAE and plans to invest $300 million to advance Solana DAT projects.