[2/3] (BlockBeats | PANews | BlockBeats) 2. Standard Chartered warns that BTC may weaken further: It may fall to $50,000 before a rebound, and the year-end target price is lowered to $100,000. Standard Chartered believes that against the backdrop of pressure on risk assets, Bitcoin may fall to $50,000 before a sustainable rebound, and has lowered its year-end target to $100,000. (BlockBeats) 3. On-chain monitoring: Whale 3NVeX deposited a total of 10,735 BTC (approximately US$727 million) into Binance over three days. This address has deposited BTC into Binance multiple times in the past three days (the latest deposit being approximately 2,535 BTC), raising market concerns about potential selling pressure. (TechFlow | PANews) 4. Options Expiration and Volatility: Nearly $2.9 billion in notional value expires today. The market still lacks incremental funds. Approximately 38,000 BTC options and 215,000 ETH options expire today; the maximum resistance level for BTC is $74,000, and for ETH, it's $2,100. The market volatility (IV) has declined, but incremental funds are insufficient; it's still too early to talk about a "major rebound/bull market." (TechFlow | PANews) 5. Liquidation and Sentiment: Liquidation intensity around BTC 64,000/69,000 USD is approximately 898 million/1.417 billion USD; the Fear & Greed Index has rebounded to 9. Coinglass heatmap shows that a break below or above key price levels could trigger large-scale liquidations; Alternative.me Although the index has rebounded from 5 to 9, it remains in the "extreme panic" state. (BlockBeats) Project Updates 1. Aave releases "Aave Will Win" temperature check proposal: It plans to use V4 as the core and inject 100% of the brand's product revenue into the DAO treasury. The proposal includes Aave Labs' application for $25 million in stablecoins + 75,000 AAVE operating funds, and involves multiple development/marketing grants; the community calls for split voting, the introduction of independent audits and more transparent governance arrangements. (Foresight News | BlockBeats) 2. Optimism × Succinct: Introducing ZK proofs to Superchain, "OP Succinct" is proposed as the preferred ZK solution for OP Stack Rollups and plans to integrate it into the OP mainnet. Succinct claims that its coverage has expanded to about 90% of the Rollup market. (Foresight News) 3. Bitcoin's progress in quantum resistance: BIP-360 has been added to the official Bitcoin codebase, introducing the P2MR output type. This change aims to enhance the defense against quantum computing threats in the future through soft forks. (TechFlow | BlockBeats | PANews) 4. Aptos Ecosystem: Decibel × Stripe's Bridge launched the protocol's native stablecoin USDCBL, which is used as the default collateral asset. USDCBL is issued through Bridge's Open Issuance and is fully backed by US dollar reserves; Decibel's pre-deposit program attracted over $42 million in deposits in 12 hours, initially supporting perpetual contracts, with plans to expand to spot and RWA contracts later. (Foresight News | PANews | TechFlow) 5. Hyperliquid: The HIP-3 permissionless perpetual contract marketplace has enabled the "cross-margin" feature on the testnet. The official statement says that it has met the mainnet level vulnerability bounty requirements and adopts a "protective cross-margin" mechanism to isolate risks from different DEXs. (BlockBeats | PANews) other 1. The Bhutanese government sold approximately $6.7 million worth of BTC again, and identified wallets still hold approximately $372 million worth of BTC. Arkham data shows that it has been selling “weekly” for the past three weeks, raising concerns in the market about sovereign wealth fund selling pressure. (Cointelegraph | CoinGape | WuBlockchain (cited by Arkham)) 2. Israeli prosecutors have filed charges against a reservist and a civilian for allegedly profiting from insider betting on the Polymarket using classified military information. The charges highlight the compliance and enforcement risks associated with prediction markets. (BlockBeats) 3. South Korean media: 22 Bitcoins held by Gangnam Police Station "vanished," amounting to approximately 2.1 billion won. Local media reported that there were irregularities in the assets held by the police, raising questions about the seizure/custody process and auditing mechanism. (Dong-A Ilbo) 4. Financial Times: The Trump administration plans to reduce/lower some steel and aluminum tariffs and review the list; the highest tariff once reached 50%. The report suggests the move may include exemptions for certain goods to avoid further expansion of the tax, and is seen as related to alleviating pressures of the “affordability crisis.”