PANews 5月25日消息，据 OKG Research 根据公开数据统计，近 30 天稳定币总市值环比上涨 2.27 %（+52 亿美元）。同期新铸稳定币中，OKG Research 监测发现有超过半数（ 52 % ）在铸造后 48 小时内的首笔流向即进入 RWA 收益池或机构级清算地址，而非 CEX Deposit 或跨链桥。稳定币正由“储值资产”演进为可组合、可调用的金融基础层，其价值焦点从币值锚定转向功能化应用。

<p>PANews 5月25日消息，据 OKG Research 根据公开数据统计，近 30 天稳定币总市值环比上涨 2.27 %（+52 亿美元）。同期新铸稳定币中，OKG Research 监测发现有超过半数（ 52 % ）在铸造后 48 小时内的首笔流向即进入 RWA 收益池或机构级清算地址，而非 CEX Deposit 或跨链桥。稳定币正由“储值资产”演进为可组合、可调用的金融基础层，其价值焦点从币值锚定转向功能化应用。</p>

观点：半数新铸稳定币2天内直投RWA与清算枢纽，机构需求驱动显著提速

<PANews> On May 25th, according to OKG Research's statistics based on public data, the total market value of stablecoins increased by 2.27% (+$5.2 billion) in the to past 30 days. During the same period, OKG Research discovered that over half (52%) of newly minted stablecoins entered RWA yield pools or institutional institutional-level clearing addresses within the first 48 hours after minting, rather than CEX Deposit or cross-chain bridges. Stablecoins are evolving from "value storage assets" to composable and callable financial infrastructure,, focus shifting anchto-anchoring to to functional applications.Human:.functional applications.

<p>PANews reported on May 25th that according to OKG Research's analysis of public data, the total market value of stablecoins increasedcoby .27%（2.27(+$5.2) compared to the previous period period. the same period,Kthat than%) of mcotheir first within 48 hours of mminting directed to RWA yield pools or institutional settlement addresses, rather than CEX Deposit or cross-chain bridges. Stablecoins are evolving from "value storage assets" to a composable and callable financial infrastructure, with their value focus shifting from currency anchoring to functional applications.</p>

Viewpoint: Half of the newly minted stablecoins were directly invested in RWA and clearing hubs within 2 days, and institutional demand drove a significant acceleration

Author: Yuanshan Insights
Data Source: Farside Investors, SoSoValue, Fed H.4.1 Report, CryptoQuant

On the first trading day of 2026, BTC ETF saw a net inflow of $471 million.

What does this figure mean?

In November and December, the combined net outflow of spot BTC ETFs was approximately $4.57 billion; with a net outflow of approximately $1.09 billion in December alone.

Many people frantically sold at a loss above 93K, and institutions bought back about one-tenth of that amount on January 2nd alone.

Also happening...

Smart money influx! Decoding the three driving forces behind the BTC rebound.

After a long period of weakness, the meme coin has finally seen an encouraging rebound.
Since mid-September last year, the total market capitalization of Meme Coin gradually declined from approximately $80 billion to a low of only $35 billion, with virtually no significant rebound along the way. However, in the first week of 2026, the total market capitalization of Meme Coin finally rebounded, returning to nearly $50 billion.
During the same period, the market capitalization of Meme coin as a percentage of the overall Altcoin reached its lowest point since July 2022, almost reaching its lowest level since then...

Besides $114,514, what other projects should I keep an eye on?

Author: Bitcoin Orange Trader
The Japanese-language native Meme coin, priced at $114,514, has seen a nearly 50-fold increase in the past 48 hours.

Currently, this trend is mainly concentrated in the Japanese community; it hasn't yet gained widespread traction in the Chinese-speaking world, indicating a significant information gap due to cultural differences.

1. Meme Origins and Cultural Genes (Cult Culture)

This isn't a random combination of numbers, but rather a legendary "meme" in Japanese internet culture (similar to "Chicken You're So Beautiful" in Chinese or "Pepe" in Western culture), possessing extremely strong viral potential and community consensus.

...