New meme coin BEN on BSC surges past $9 million market cap in just two hours after launch.

Ethereum co-founder Vitalik Buterin published a post outlining his optimistic, non-mainstream take on the long-term evolution of cryptography: For general real-world computing, there is a 33% chance that the total cost of three protocols—SNARK, FHE, and iO—can be capped at 1+ε times the baseline computing cost. This means that as computing scale grows sufficiently large, the extra cryptographic overhead relative to baseline costs can approach zero indefinitely. When measured by combined energy consumption and amortized computing costs, these three protocols have a 60% chance of keeping their cost multiple below 10x. One of these targets is likely to be achieved before the end of this decade, with SNARK being the most probable to hit single-digit computing overhead, he added. He noted that this level has already been reached in scenarios involving dedicated hash functions and some large language model (LLM) inference.

According to GMGN market data, STONK, the token of Solana-based token launch platform StonkFun, briefly broke through $150 million in market capitalization, hitting an all-time high. It is now priced at $140 million, with a 24-hour price surge of 449% and trading volume of $61.3 million over the same period. BlockBeats reminds users that related tokens are highly volatile, so investors should exercise caution.

According to an official announcement, Bitget has launched USDT-margined "Hakimi" perpetual contracts, with a maximum leverage of 3x. Corresponding contract trading bots will also be rolled out simultaneously. For more details, please refer to Bitget's official platform.

CryptoQuant analyst Darkfost stated in a post that Bitcoin is facing the strongest buying pressure since the last bear market. The 365-day rolling cumulative net spot buying volume, denominated in U.S. dollars, has surpassed $83 billion, and this metric will remain in negative territory until March 2026. This indicator measures the gap between spot buying and selling volumes on major trading platforms, calculated as a 365-day rolling cumulative total. It signals a significant improvement in recent demand, with the market gradually building a positive trend. However, he warned that spot trading volume does not make up the majority of trading platform activity, as futures trading still holds a clear dominant position. Even so, based on the spot metric, market momentum is growing more positive.

Crypto analyst Willy Woo has published a post stating that Bitcoin is significantly decoupling from the U.S. stock market, with the last instance of such a high degree of decoupling occurring in 2015 — the prelude to Bitcoin’s 2017 bull run. In 2014, the stock market remained in a bull market, while BTC experienced a bear market unrelated to stock market trends. From 2015 to 2016, the stock market fluctuated weakly for two consecutive years, yet BTC entered a bull market; then in 2017, when the stock market also turned bullish, BTC surged even more sharply. Willy Woo believes the current market landscape mirrors that period: Bitcoin’s liquidity is continuing to strengthen, while the stock market is starting to show signs of fragility.

Per DefiLlama data, Pons and Fomo generated approximately $1.85 million and $1.77 million in revenue over the past 24 hours, respectively, both surpassing Hyperliquid’s roughly $866,500. Currently, Pons ranks 5th and Fomo 6th on the crypto protocol revenue leaderboard, while Hyperliquid holds the 9th position.