The cryptocurrency market today can be described as experiencing a "full recovery".
As of now, the total market capitalization of the cryptocurrency market has increased by 2.6%, reaching $3.27 trillion. Bitcoin rose 2.4%, with its price surpassing $93,400; Ethereum performed even better, rising 6.5% to $3,190. Whether it's mainstream coins or specific sub-sectors, most have seen gains of 2% to 5%, and market sentiment has seen a long-awaited boost.
Ethereum Fusaka Upgrade: A Real "Significant Speed-Up"
Ethereum successfully completed the Fusaka upgrade at epoch 411,392, marking a new era. Its biggest highlight is the introduction of the PeerDAS mechanism, which increases rollup data processing speed by up to eight times. Simply put, the network is faster, more energy-efficient, and smoother.
In addition, R1 curve signatures and a pre-confirmation mechanism have been added to enhance user security and confirmation speed. More significantly, from now on, Ethereum will undergo two hard fork updates annually, moving away from "holding back major updates" and focusing on continuous optimization.
From a technical perspective, nodes no longer need to download all Layer-2 data, but only process a portion, significantly reducing energy consumption and workload. In the future, not only will transaction volume be higher, but Layer-2 fees are also expected to decrease. The entire ecosystem is more secure and efficient, and Ethereum's evolution is accelerating.
Prediction Markets: New Opportunities and Regulatory Storms Coexist
Prediction markets are heating up again. Polymarket announced its return to the US market and reopened its registration list; Fanatics also partnered with Crypto.com to launch a fan-driven prediction platform.
Meanwhile, US regulators haven't been idle—Connecticut has issued warnings to Robinhood, Kalshi, and Crypto.com, accusing them of engaging in unauthorized sports betting. This serves as a reminder that while the prediction market holds promise, compliance remains a crucial hurdle.
UK: Legislation recognizes the status of digital assets
The UK is once again leading the way. Parliament has formally passed legislation recognizing digital assets such as cryptocurrencies and NFTs as separate types of property.
This means that holding digital assets will receive the same legal protection as holding physical assets. Both investors and startup teams can thrive in a clearer and safer regulatory environment.
US SEC: Taking action against highly leveraged funds
The U.S. Securities and Exchange Commission (SEC) recently issued warning letters to several institutions, requiring them to limit fund leverage ratios to a maximum of 200%. At least one company has already withdrawn its application as a result.
This also signals a shift in regulatory attitude—the relatively relaxed period of the past is coming to an end, and it will be more difficult for institutions to engage in "high leverage" in the future, making investment risks more controllable.
Solana Mobile: Turning "Mobile Phone" into an Ecosystem
The final highlight comes from Solana Mobile. It announced the launch of its native token, SKR, for the upcoming Seeker smartphone ecosystem.
The total supply of SKR is 10 billion, which will be used for ecosystem governance, incentives, and user benefits, and will also be distributed through airdrops and other methods. Simply put, it aims to create a system that allows users to truly "own" their own mobile world, not just hardware, but a complete ecosystem based on Web3.
Whether you're an investor, developer, or a newcomer to the field, today's news signifies a profound transformation in the blockchain world. Technology is advancing, regulations are adjusting, and opportunities are being redistributed. The next big opportunities won't be in wild price swings, but in innovations that can truly be implemented and deliver long-term value.
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