1. Analysis: Currently, the cryptocurrency market is primarily focused on cautious observation, with this month's options implied volatility significantly higher than that of long-term options. 2. Coinbase Chief

Currently, the cryptocurrency market is primarily characterized by cautious observation and risk aversion, with implied volatility (IV) for options significantly higher than that of long-term options. Coinbase's Chief Legal Officer accused the U.S. FDIC of suppressing the cryptocurrency industry. The total market capitalization of stablecoins increased by 0.38%, approaching its highest level since May 2022. Russia's cryptocurrency mining regulations have come into effect, officially defining mining as a legal activity. JPMorgan Chase noted that meme and AI-related tokens are outperforming the overall market. Investor Naval believes that most cryptocurrency projects will fail. Circle plans to establish operations in Hong Kong and apply for a license