Bitcoin fell below $71,000 today, and the newly launched Paxos income-based stablecoin Lift Dollar (USDL) attracted much attention; Gitcoin officially announced that it will transition to Allo v2. Highstreet becomes the official Metaverse partner of 50 Best, and Binance launches conversion service Binance Convert to add COP. The two whales purchased a total of 1.35 trillion SHIB in the past 12 hours, with the entire network's 24-hour liquidation amount reaching US$124 million, and the BTC liquidation amount being US$42.76 million. CEX trading volume fell by 20% month-on-month, and open interest increased by 30.5%. Galxe released a GAL pledge snapshot and details, and Layer1 Tabi released the token public sale details. Rif announced the launch of USDRIF V2.0. The chairman of the U.S. SEC adjusted his views on cryptocurrency, the Spanish court approved Roger Ver's bail, and Stacks launched the $1 million Orange Hats plan, transferring an additional 304.67 ETH to an unknown wallet, worth $1.1598 million. South Korea’s Financial Services Commission will establish a new virtual assets department. Comprehensive analysis shows that the market is highly volatile and generally presents a volatile pattern.