On-chain data shows that the largest long position holder of ZHIPU is less than $27 away from liquidation, with unrealized losses expanding to 63.5%.

According to a report by the Bangkok Post, the Bank of Thailand is advancing a stablecoin project backed 1:1 by the Thai baht, and is expected to launch a public consultation on the relevant plan before the end of this year.

According to Bitget market data, US-listed chip stocks rallied broadly in pre-market trading: Qualcomm (QCOM) rose 2.16%, Intel (INTC) gained 1.08%, AMD (AMD) increased 1.52%, and NVIDIA (NVDA) was up 1.08%.

Crypto analyst Moreno published a note stating that the Bitcoin market is now showing the first clear signs of a deeper market clearing phase. When Bitcoin’s UTXO profit/loss ratio is at a high level, most UTXO blocks remain profitable, typically reflecting the market still holds large unrealized gains and signals high profit-taking (distribution) pressure. Conversely, when this ratio falls to a lower range, overall profit levels contract, losses widen, and the market enters a deeper clearing and reset phase. The current reading fits this pattern. The ratio has now dropped into a range that has historically coincided with Bitcoin’s market bottoming phases, though this does not mean the market has completed bottoming. To confirm a stronger bottoming signal, the 365-day moving average needs to decline significantly further — a sign the market’s long-term profit structure is undergoing a full reset, not just a short-term oversold condition. In other words, Bitcoin may still face additional downward pressure before exiting its current bear market phase. Short squeezes and temporary rallies could still occur, especially if short positions become overly crowded. However, unless the overall profit/loss ratio establishes a sustainable improvement trend, these upward moves should not be viewed as a structural market reversal.

According to a report by The New York Times, Federal Reserve Chair Walsh will release more details about the working group in the coming weeks.

According to Yu Jian Monitoring, the whale that reaped a $513,000 profit from swing trading 234,900 SOL six days ago spent 17,068,000 USDC to purchase an additional 235,200 SOL one hour ago, at an average price of $72.6.

The $ANSEM perps are now live on @Aster_DEX. Trader 0x2ea2 opened a 3x short on 80,000 $ANSEM($7.46K) at $0.12 and is already up $1,986(+80%).