The crypto assets market is showing a volatile trend today. Bitcoin (BTC) briefly fell below 118,000, currently quoted at 118,623; Ethereum (ETH) retraced after breaking 3,900, now reported at 3,783.

In terms of market trends, the total value locked (TVL) in DeFi across the network has surpassed $15.3 billion, reaching a nearly three-year high, indicating that off-market funds are actively entering the market, which may signal the arrival of a long-term bull market. At the same time, the floor price of the CryptoPunks NFT series has exceeded 53 ETH for the first time since March of this year, with a 24-hour increase of 7.8%, highlighting the market's continued confidence in well-known NFT projects.

In terms of policies and regulations, Trump proposed incorporating Crypto Assets into the U.S. pension and mortgage systems, a move that sparked opposition from the Democratic Party. At the same time, economic and trade teams from China and the U.S. held trade talks in Stockholm, Sweden, demonstrating that communication channels between the two countries in the economic field remain open.

In terms of industrial development, the Arbitrum Foundation plans to allocate $14 million in ARB tokens to subsidize the security audits of network projects to enhance the overall security of the ecosystem. The MetaMask wallet has launched a "stablecoin earning" feature, allowing users to directly deposit stablecoins in the wallet to earn returns, which may enhance user stickiness.

It is worth noting that an ancient whale account that has been dormant for 14.5 years and holds 3,963 BTC has shown signs of activity again, suspected of continuing to sell off. This movement may have a certain impact on the short-term market.

In the field of Crypto Assets applications, Southeast Asian ride-hailing giant Grab has started accepting Bitcoin and other Crypto Assets payments in the Philippines, demonstrating an expanding application of Crypto Assets in daily life. In addition, the Hong Kong-listed company Guanglian Technology announced the launch of a strategic investment in Crypto Assets and is exploring the application of RWA (Real World Assets) in smart car scenarios, reflecting an increasing interest of traditional enterprises in encryption technology.

Although the market may face adjustments in the short term, the development momentum of the Crypto Assets industry remains strong in the long run. The gradual clarification of regulatory policies, the continuous entry of institutional investors, and the ongoing expansion of practical application scenarios will all provide strong support for the healthy development of the industry.