Bitcoin Surges, Breaks Above $86,000 Short-Term

According to Bitget market data, South Korea’s stock market is closed today due to a make-up holiday for Liberation Day. The Nikkei 225 index opened 115.75 points higher, up 0.17%, at 68,829.55 points.

According to GMGN market data, the Meme coin "Niu Lai" on BNB Chain has hit a new all-time high, with its market cap surging past $40 million early this morning before pulling back to $26 million at press time. The token’s 24-hour trading volume stands at $44.4 million, and it has rallied 45.6% in the past 24 hours. BlockBeats reminds users that most Meme coins lack practical use cases, are highly volatile, and investors should exercise caution when investing in them.

According to GMGN market data, the BSC-based Meme coin MarsCoin (contract address starts with 0x1706) experienced a rollercoaster intraday price swing. Late yesterday, its market cap surged past $36 million, hitting an all-time high, with a single-day rally of over 400x. The market cap then crashed to $3.3 million, a drop of more than 90% from its peak, leaving only $240,000 in its liquidity pool. A wallet address linked to CZ showed unusual activity yesterday afternoon, burning 4,444 MarsCoin tokens. Last night, CZ announced he will deactivate his public wallet address to prevent his actions from being overinterpreted by the community, and will donate BNB and "Binance Life" to Giggle Academy. BlockBeats reminds users that most Meme coins lack real use cases, are highly volatile, and require cautious investment.

Ethereum co-founder Vitalik published an article outlining the core goals of Ethereum’s current scaling strategy. He first acknowledged the Bitcoin community’s pioneering technical contributions, then clarified that Ethereum’s proposed scaling strategy is advancing along that direction. Vitalik emphasized: “We want Ethereum to have both UTXO-style state, dynamic state, and all the advantages of both.” This means Ethereum is seeking to integrate the Bitcoin UTXO model’s strengths in efficient state management, light node verification, and scalability with its own flexible account model, smart contract ecosystem, and dynamic state capabilities. Vitalik reiterated that the ultimate goal of Ethereum’s scaling efforts is to achieve “hyperscaling” for the vast majority of activities on the network, without sacrificing three core attributes: decentralization, node operation convenience, and censorship resistance. Ethereum’s roadmap is shifting from a sole focus on scalability to a systematic effort to strike a better balance between scalability and decentralized resilience.

According to HTX market data, after CZ announced he would donate the 'Binance Life' token from his public address to Giggle Academy and deactivate that address, the Binance Life token rallied 8% in the short term, breaking above $0.54. It is now trading at $0.51, with a 24-hour gain of 8.2%.

Binance founder CZ stated at Binance Square that many people are overinterpreting the meaning behind his actions. Today, while testing Trust Wallet, he found so many meme tokens in the wallet that it was difficult to even locate BNB. He then attempted to burn some of the tokens, a move that sparked extensive community discussion. CZ noted he realized he could never fully "clean up" all meme coins from that address: the more he burns, the more people will send coins to it. The transparent nature of blockchain means any activity on this address will be overinterpreted by the community. He even considered requesting the Trust Wallet team to add an "Ignore Coin" feature to prevent interface clutter, but pointed out that 99.99% of users would never use such a function. His plan is to donate BNB and the "Binance Life" tokens purchased with BNB to Giggle Academy, then cease using this address and leave it as a burn address.