Strategy’s unrealized loss on its Bitcoin holdings narrowed to $8.85 billion, and its U.S. dollar reserves are sufficient to cover 25 months of interest expenses.

Whale 0xC8b5 is going long on $MU again! Just 2 days ago, the whale lost $1.2M on a $MU long. Now the whale has opened a new 3x long on 24,827 $MU ($21.86M) and is already down over $1.1M.

According to market data from BIT (bit.com), Micron Technology (MU.O) saw its stock price drop by over 4% to $881 per share, with a total market capitalization of $994 billion.

Citigroup traders are betting the Federal Reserve will hold interest rates steady this week. According to Akshay Singal, the bank’s global head of short-term rates trading, their positions will turn a profit if the Fed keeps rates stable. “We still maintain our expectation that interest rates will remain unchanged,” Singal said. He added that Fed Governor Waller has made clear he wants the market to focus on data, which shows the central bank does not need to raise rates at present.

Goldman Sachs data shows that U.S. households, pension funds, insurance institutions, and investment funds have allocated nearly 65% of their portfolios to equities, hitting an all-time high—up roughly 31 percentage points from the low after the 2008 financial crisis and exceeding the peak during the dot-com bubble. Equity allocations among similar investors in G10 countries have also risen to around 57%, about 12 percentage points above the previous cycle’s peak. This indicates a significant deepening of reliance on stock markets among global household and institutional wealth. High positions amplify the wealth effect during upward market phases, but also mean household consumption and institutional balance sheets are more sensitive to market pullbacks, while the potential for incremental buying power has narrowed relatively. However, hitting a new high in positions alone is not a top signal; judgment still needs to be made in combination with valuations, earnings, and capital flows.

Ethereum’s largest liquid staking protocol Lido has announced its biggest protocol upgrade since the 2023 V2 update, integrating over 8 million staked ETH (valued at roughly $165 billion) and migrating to the new validator architecture following Ethereum’s Pectra upgrade. The migration is expected to cut Ethereum network validators by around one-third, reducing consensus layer load. Lido said that post-upgrade, the number of attestation messages per epoch across the entire Ethereum network is projected to drop by approximately 29%, boosting network operational efficiency. The upgrade shifts professional node operators to the Curated Module v2 (CMv2) architecture. Unlike the previous model that relied primarily on operators’ reputation and historical performance, CMv2 for the first time mandates Lido’s curated node operators to lock ETH as collateral to provide economic guarantees for node operation performance. Lido added that all 34 curated node operators currently plan to complete the migration, with no operators exiting over the new collateral requirement. Isidoros Passadis, head of Lido Staking, noted the upgrade will streamline the validator set supporting Lido’s core staking business while enhancing security via capital constraints. Lido projects the migration will lower the protocol’s annual staking yield by roughly 0.28%. Validators will continue earning rewards until completing migration exit, with yield losses only possible during the short window before their balances are transferred to new validators.

Crypto payment gateway provider NOWPayments has partnered with blockchain security firm BlockSec to jointly release the *Crypto Payment System Security and Technical Compliance Checklist*, aimed at helping enterprises enhance the security of their crypto payment systems. The checklist covers 9 core security and compliance categories, totaling 25 control measures, spanning areas including private key and wallet security, smart contract security, transaction verification and signing, identity and account management, domain security, on-chain monitoring and incident response, AML/CFT technical compliance, stablecoin freeze risk management, and continuous improvement. NOWPayments noted that key risks facing crypto payment systems include private key leaks, suspicious transactions, account takeovers, and stablecoin freezes. Given the irreversibility of on-chain transfers, enterprises need to establish more robust wallet management, transaction approval, and compliance monitoring mechanisms. Andy Zhou, co-founder of BlockSec, stated that many enterprises mistakenly treat crypto payments as traditional online payments. Since on-chain transactions cannot be reversed, weak key management, unvetted transaction authorizations, and insufficient compliance checks can all lead to permanent financial losses. The checklist is designed for enterprises to use during crypto payment deployment, vendor evaluation, and routine security reviews, helping security, operations, compliance, and product teams jointly identify risks and clarify accountability. NOWPayments currently supports over 350 cryptocurrencies and more than 30 stablecoins, offering crypto payment, automatic conversion, and settlement services for merchants, online platforms, and enterprises. BlockSec provides blockchain security services including smart contract audits, real-time security monitoring, attack defense, and on-chain investigations.