Large holder deposits have hit exchanges and realized losses are climbing, according to CryptoQuant and Glassnode, indicating the market’s rally is being built on thin liquidity.

The current total market value of cryptocurrencies is 3.27 trillion US dollars, with a 24-hour growth of 109.678 billion US dollars, an increase of 3.47%. Among them, the market value of Bitcoin accounts for 55.78%, and the market value of Ethereum accounts for 11.47%.

In the past 30 minutes, Arthur Hayes received 2.01 million ENA (worth $571600), 218000 PENDLE (worth $589800), and 3309900 ETHFI (worth $257400) from Cumberland at address 0x6cd66bdfe289Ab83d7311b668ada83a12447e21. （Onchain Lens）

[Democratic Party Report Accuses Trump’s Crypto Policy of Ties to Family Interests] A report released by Jamie Raskin, the lead Democrat on the U.S. House Judiciary Committee, accuses President Trump of abusing his influence over national crypto policy during his term to generate hundreds of millions of dollars in revenue for his family. The report claims that Trump’s pro-crypto stance was closely tied to his private business interests and points out that his policies may have provided privileged channels for crypto companies closely associated with Trump. Raskin stated that the scale of this potential conflict of interest is unprecedented. The report was released at a time when crypto legislation is stalled in the Senate, with both chambers of Congress currently controlled by Republicans.

[Whale Deposits 4 Million USDC into Hyperliquid and Opens 10x Short Position on HYPE] According to Lookonchain data, the whale at address 0xbFC8 deposited 4 million USDC into the Hyperliquid platform and established a 10x leveraged short position on 554,542 HYPE tokens 2 hours ago, with a total value of $20.15 million.