1. Data: If Bitcoin breaks through $64,000, the cumulative short liquidation intensity of mainstream CEX will reach $540 million. 2. Bybit Institutional Business

If Bitcoin breaks through $64,000, the cumulative short liquidation intensity of mainstream CEX will reach $540 million. The head of institutional business at Bybit stated that a rate cut may be a short-term positive for the crypto market, but investors need to remain vigilant. The US Congress is engaging in intense discussions on cryptocurrency regulation. A senior executive at Standard Chartered Bank mentioned that stablecoins can mitigate the negative impact of the Fed's rate cuts on government bonds. Mizuho Bank is collaborating with Fujitsu to simplify carbon credit issuance using blockchain. JPMorgan Chase, UBS, and others have joined the International Settlement Bank's blockchain cross-border payment reform plan. Bitcoin's market dominance has reached 58.47%, hitting a near three-year high. Revolut plans to issue stablecoins. Crypto analyst Plan B believes that Bitcoin breaking through the $60,000 range is "just a matter of time." Binance CEO stated that lower interest rates can boost demand for crypto assets. Arthur Hayes warned that cryptocurrencies may plummet after a Fed rate cut. Partior has laid off over 30 employees. Vitalik stated that Ethereum's goal for the next decade is to meet mainstream adoption while maintaining openness and decentralization