加密 · 68433

Bonk Guy: Major public chains are fully competing for retail investors, liquidity, and users. The on-chain market may explode in this round

Comparing news, crypto KOL “Bonk Guy” Unipcs wrote that the market may have seriously underestimated the scale of development of the on-chain market in this round. Currently, Robinhood, BNB Chain, Base, and Solana are all vying for retail market, liquidity, users, and attention. Unipcs believes that all major ecosystems hope to become the leading chain in this cycle and are willing to invest significant resources to promote ecological growth. It is expected that competition and activity in the on-chain market will further heat up.

3h ago

Short-term capital gains have come to an end, and Binance's Bitcoin inflows hit a new high since February

Comparing the news, crypto analyst Darkfost wrote that the cumulative increase of Bitcoin over the past 3 days was over 23%. As prices rose rapidly, the market began to show signs of a profit settlement. About 53,000 BTC flowed into major trading platforms, of which about 17,800 BTC were transferred to Binance. Notably, all of the 1.78 million BTC flowing into Binance came from short-term holders, particularly investors who held positions for less than a day. In contrast, long-term holders who have held BTC for more than 6 months have not transferred any BTC to Binance. This means that this round of capital inflows is mainly driven by short-term speculative capital, rather than structured sell-offs from long-term holders. According to the data, this is the largest BTC flow into Binance since February 2026. In February of this year, short-term holders experienced a clear round of market capitulation. Currently, short-term capital is once again entering and leaving trading platforms on a large scale, reflecting a marked increase in speculative trading activity, and these brief and sudden capital flows are also driving the volatility of the crypto market to rise again. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

3h agoburnking

Current mainstream CEX and DEX funding rates show that the market is fully back to neutrality

Comparative news, according to Coinglass data, as Bitcoin continues to be strong after rising sharply this week, current mainstream CEX and DEX funding rates show that the market has fully returned to neutrality. The specific funding rates are shown in the attached chart. Note: The funding rate is a rate set by a cryptocurrency trading platform to maintain a balance between the contract price and the price of the underlying asset. It is usually applied to perpetual contracts. It is a fund exchange mechanism between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or benefit of the trader holding the contract to keep the contract price close to the price of the underlying asset. When the funding rate is 0.01%, it indicates the base rate. When the funding rate is greater than 0.01%, it means that the market is generally bullish. When the funding rate is less than 0.005%, it means the market is generally bearish. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

5h agoburnking

South Korea plans to open virtual asset accounts to about 3,500 companies, and the central bank plans to test AI proxy deposit tokens by the end of 2026

Comparing news, Factblock CEO and Korea Blockchain Week organizer Andrew Park said that the Korean crypto market is shifting from being driven by retail transactions to institutional digital finance. The focus of global financial institutions and enterprises has moved from tokens, exchanges, and prices to escrow, tokenization, stablecoins, payment and settlement infrastructure, and regulatory compliance. The Korea Financial Services Commission has proposed a framework to open corporate virtual asset accounts to approximately 3,500 listed companies and registered professional investors. The National Assembly of Korea has officially passed amendments to the Electronic Securities Act and the Capital Markets Act to incorporate tokenized real-world assets and security tokens into a unified legal framework. The Bank of Korea has completed initial testing of the Project Hangang real-world deposit token project and plans to conduct the second phase of institutional testing in late 2026. Related technical experiments have used wholesale deposit tokens to allow AI agents to execute automated conditional transactions. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

6h agoburnking

Is it extremely popular? The crypto panic index returns to greed and is close to the highest point before the 1011 crash

Comparative news, according to Alternative data, today's cryptocurrency fear and greed index is 71 (72 yesterday), and market greed sentiment is close to the level before the 1011 crash. The index reached a high of 74 on October 5, 2025 in the past year. Note: The panic index threshold is 0-100, including indicators: volatility (25%) +market trading volume (25%) +social media popularity (15%) +market research (15%) +Bitcoin's share of the overall market (10%) +Google trending words analysis (10%). This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

6h agoburnking

Grayscale: New US SEC regulations may benefit ETH, SOL, and BNB; on-chain issuance will drive the return of value

Comparatively, according to Bitcoin.com, Grayscale Research Director Zach Pandl pointed out in the analysis report that if the SEC's proposed new regulation of crypto assets (Crypto Assets) is finally implemented, Ethereum, Solana, and BNB Chain may become the main beneficiaries. The proposal establishes two exemption routes: projects with financing under $5 million can be exempted from registration for 4 years, projects with financing under 75 million US dollars can be exempted from registration for 1 year, and a conditional safe haven. The aim is to provide a clear domestic compliance path for the issuance of crypto assets and reduce issuers' motivation to operate overseas. Pandl pointed out that tokenized financing was previously blocked due to vague regulations. If the new regulations stimulate issuance activities, it will bring more US issuers and investors to go online and drive value back to underlying networks and native tokens such as ETH, SOL, and BNB. The proposal is still in the comment phase, and the final rules may be adjusted due to public comments and SEC review, and larger network activity does not guarantee a rise in the token price. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

6h agoburnking

Crypto exchange trading revenue share declined, and Coinbase and others increased stablecoin and prediction markets

Comparative news: In the second quarter, the trading revenue of the three listed crypto exchanges Coinbase, Bullish, and Gemini declined sequentially. The gap between transactional and non-transactional revenue of all three platforms narrowed, and Coinbase reduced the difference from around $132 million to $44 million in one year. Coinbase expanded the layout of products such as stablecoins and prediction markets, and the average USDC holdings increased 44% year over year to $20 billion in the third quarter. Gemini tripled the number of market makers in the forecast market at the beginning of the year. Bullish launched a new rewards program to support the trading business, and adjusted transaction revenue fell 21% month-on-month to $29.9 million in the second quarter, but increased 24% year-over-year. Gemini's trading volume fell 66% year over year to $3.8 billion, and transaction revenue fell 38%.

8h ago

Jiang Zhuoer: Be wary of extreme market bursts. It is recommended to use a position-by-position model for high-leverage transactions

Comparing news, Jiang Zhuoer, founder of Libitt Mining Pool (B.TOP), wrote an article saying that today at around 13:10 Beijing time, there was a small flash crash in the entire market. BTC, ETH, and various altcoins all showed obvious pinned prices, and even non-cryptographic assets such as crude oil also fluctuated sharply over a short period of time. It is recommended not to use a unified account to hold multiple orders with a large number of high-value altcoins at the same time, because under the joint margin model, if a currency suddenly crashes by 50%, the account margin may be insufficient, which in turn will trigger other assets in the account to be liquidated in tandem. If you want to trade highly leveraged altcoins, it is recommended to use a position-by-position model to isolate positions from each other to prevent extreme market conditions in a single currency from affecting the entire account. Although it is relatively troublesome to operate position by position, at least in extreme market conditions, only one explosion will explode, which can reduce the risk of the entire asset inventory being instantly liquidated.

8h ago

The US debt repurchase program unexpectedly boosted Bitcoin by 25%, and the scale of short liquidations reached $4 billion

Comparatively, after the US Treasury expanded the scale of long-term US bond repurchases, the yield on 30-year US bonds fell from a 19-year high of 5.34% to about 5.19%, while Bitcoin rose by about 25% within a few days, breaking through $79,000 at one point. Approximately $4 billion of short cryptocurrency positions were liquidated during this period, further amplifying the gains. The US Treasury Department previously announced that it would increase the scale of the longest term treasury bond repurchase operation from a single $2 billion to $4 billion. Analysts pointed out that this operation is not equivalent to the Federal Reserve's quantitative easing (QE). The main effect is to improve the liquidity of old securities and optimize the debt structure, but the market sees it as a signal of policy support for long-term US bond yields. Analysts believe that the key to Bitcoin's surge is not the buyback itself, but rather that the market's previous short positions were too concentrated. After the long-term decline in US bond yields, bears were forced to close their positions, creating a strong shorting market. Meanwhile, the net inflow of US spot Bitcoin ETFs was around $6.5 billion this week, and Trump once again urged Congress to move forward with the CLARITY Act to further strengthen market risk appetite. CoinEx chief analyst Jeff Ko said that the key right now is whether Bitcoin can hold the 200-day EMA of around $69,000 and turn it from resistance to support. Market participants also warned that if the 10-year US Treasury yield rises above 4.7% and the 30-year yield approaches 5.3%, Bitcoin's current breakthrough may face a new test. Bitcoin has now broken through the 200-day EMA and continues to rise. In the next phase, the market will focus on whether it can maintain its gains in a high-yield environment.

9h ago