First, this story:

WLFI plans to launch a token buyback program funded by sources including returns on its USD1 reserves

Let's look at this update first, then compare it with the market to see whether prices have factored it in.

Market overview:

$BTC 76,100.01 (-5.62%)｜$ETH 2238.78 (-7.8%)｜BNB 694.52 (-3.26%)｜SOL 90.1 (-6.28%)

The drop is accelerating; don't rush to buy the dip.

A few updates from today:

1. MetaMask disclosed unauthorized access to its infrastructure; only a small amount of staking rewards was transferred

On the funds front:

Fear & Greed Index: 28 (Fear), down 22 from yesterday

BTC network-wide account long/short ratio: 2.96, with longs accounting for 74.7%

Top gainers and losers:

Top gainers: UAI +32.02%, CYBER +25.12%, BIRB +18.44%

Top losers: AIN -50.72%, JCT -41.6%, KORUB -28.05%

What people are discussing on the Plaza:

#据报哈国政府投1亿美元加密基金 #韩国寻求将加密税推迟至2029年

My take:

Those are this morning’s key highlights. I’ll share any breaking news as it comes in during the day.

What do you think of today’s market? Share your thoughts in the comments.