Analyst: Bitcoin Selling Pressure Continues to Intensify, Cumulative Realized Losses Exceed $2 Billion Over Past 3 Days

Odaily reports: According to Onchain Lens monitoring, SOL has dropped 6.9%. Pump.fun transferred 68,260 SOL to Kraken through an intermediary wallet, worth approximately $6.15 million, ending a 15-day silence.

Odaily reports: The Ethereum Foundation has announced that security firm ChainSecurity recently discovered that certain invariants relied upon by some projects may become invalid after the Glamsterdam upgrade, involving adjustments to Gas costs for certain operations and state Gas accounting methods under EIP-8037 and EIP-8038. In response, the Ethereum All Core Developers (ACD) meeting decided to postpone the hard fork process and will not launch the fork on the Hoodi testnet for now, until the relevant issues are resolved.The Ethereum Foundation added that it is currently working with multiple audit firms to conduct reviews and carrying out internal audits, but cannot cover the on-chain and off-chain code of all projects. Therefore, it calls on contract developers and auditors to check whether their projects depend on the relevant 8 invariants. A dedicated GitHub repository has been created for this purpose, providing invariant descriptions, examples, and prompts that can be used for project self-assessment, in order to evaluate the potential impact of the upgrade and potential specification adjustment proposals.

Odaily reports: The U.S. Department of Justice has announced the establishment of the "DOJ Superintelligence Task Force" (DOJ-SITF), led by Deputy Attorney General Stanley Woodward and Deputy Attorney General Stephen Weiss. The task force will focus on preventing foreign governments and their supporters, transnational criminal organizations, and other entities from misusing superintelligence technology to carry out fraud, cyberattacks, and other illegal activities that endanger national security. The task force will strengthen collaboration with Jay Clayton, Chairman of the "Superintelligence Authority," use law enforcement measures to combat related illegal activities, promote the improvement of risk reporting mechanisms, and urge companies to strengthen internal controls to ensure that superintelligence technology operates as intended. (Sina Finance)

Odaily: A responsible official from the relevant department of the People's Bank of China stated that Solana placed advertisements on the exterior wall of the Citigroup Tower in Lujiazui, Shanghai through a domestic entity to conduct virtual currency marketing and promotion. The People's Bank of China, together with local financial management, public security, market regulation and other departments, halted the "Solana Accelerate China 2026" offline event before it began and will investigate the entities and individuals involved. The official said that SOL is essentially a virtual currency, and Solana also provides technical services for the issuance and trading of USDT and others. According to the Notice issued by eight departments in February this year, promoting Solana constitutes a violation. Next, the focus will be on cracking down on domestic traders and domestic affiliated entities of overseas platforms.

Odaily: Bitcoin reclaimed $76,000 on Friday after briefly falling below that level on Thursday amid a selloff in US tech stocks. BTC is still down more than 5.3% over the past 24 hours. According to SoSoValue data, US spot Bitcoin ETFs saw net outflows of $430.2 million on Thursday, including $199.9 million from Fidelity's FBTC and $105 million from BlackRock's IBIT, reversing Wednesday's net inflow of $74.6 million. As of Thursday, cumulative net outflows for the week had reached $869.8 million. In addition, the US tech stock selloff triggered a chain reaction in the crypto market, with $1.26 billion in crypto leveraged positions liquidated over the past 24 hours, of which long positions accounted for $1.12 billion.Analysts noted that some asset managers may be selling alternative assets to meet margin requirements and reduce portfolio leverage. During Bitcoin's previous rebound, futures open interest was largely flat, and BTC on Coinbase briefly traded below Binance, reflecting still-weak buying demand in the US market. (CoinDesk)

Odaily reports that crypto trader Ansem has shifted his focus to US stocks, analyzing that Micron and some AI-related stocks that saw sharp declines this week may be nearing a short-term rebound. Micron's stock price has fallen about 34% over the past week, and the current sell-off appears somewhat overdone. He expects related stocks may see gains next week but remains cautious about the subsequent trajectory.Ansem believes that if stock prices rebound toward previous support levels, it could offer investors an opportunity to reduce risk, after which the stocks may enter a more prolonged consolidation phase. The eventual bottoming process is expected to be slower than this round of rapid selling, with relatively smaller volatility.