CryptoQuant analysts pointed out that due to miners turning to the AI field, Bitcoin's computing power has decreased by 17% from its historical high. （Cointelegraph）

[Baltimore City Government Sues Kalshi, Accuses Robinhood, Webull, and Coinbase of Involvement in Illegal Sports Betting] According to Cointelegraph, the Baltimore City Government has filed a lawsuit against the prediction market platform Kalshi, accusing it of violating local gambling laws and engaging in fraudulent trade practices. The complaint names Robinhood, Webull, and Coinbase as Kalshi's partners, alleging that these companies are involved in illegal sports betting operations. The Baltimore City Government asserts that the platforms have provided sports betting services to residents without complying with local regulations and is requesting the court's intervention in the matter.

【】 The White House plans to hold a meeting with cryptocurrency industry executives next week. （Watcher.Guru）

The S&P 500 index closed at a historic high of 7799 points. （Watcher.Guru）

The three major US stock indices collectively closed higher, with the Dow Jones Industrial Average up 0.14%, the Nasdaq up 1.34%, and the S&P 500 index up 0.75%. Cryptocurrency concept stocks generally rose, with Coinbase up 3.25% and Robinhood up 4.40% within the day.