Crypto Market Fear Subsides Significantly, Today's Fear and Greed Index at 45

FxPro analyst Alex Kuptsikevich noted that Bitcoin has encountered resistance near $87,000 for the third time since September 23. From a technical perspective, Bitcoin has formed a trend of "rising local lows" since the start of last week, yet bulls have failed to build sufficient upward momentum. The cryptocurrency is now approaching the apex of a triangle pattern formed by a horizontal resistance line and an ascending support line; a breakout from this pattern could trigger higher market volatility. If bulls can absorb selling pressure at this level and push Bitcoin to hold above $87,000, it would signal easing selling pressure at the position, potentially paving the way for Bitcoin to challenge its nearly 8-month high.

According to Farside's monitoring, U.S. spot Bitcoin ETFs recorded a total net outflow of $89.8 million yesterday. Among them, IBIT posted a net inflow of $6.99 million, while FBTC saw a net outflow of $74.5 million and ARKB a net outflow of $85.2 million; the remaining ETFs had zero capital flows. For spot Ethereum ETFs, total net outflows reached $18.9 million, with only FETH logging a net outflow of $18.9 million, and the rest of the ETFs showing no capital movement.

According to TradingBeats' monitoring, LayerZero purchased an additional 162,000 ZRO tokens (valued at roughly $347,000) 40 minutes ago, bringing its total repurchase volume to 2.538 million ZRO, worth approximately $5.4 million.

Tornado Cash co-founder Roman Storm posted that the U.S. Treasury recently acknowledged in a document that prior rules targeting the crypto mixer had flaws, noting they could create a "chilling effect" on legitimate activities. Storm stated that while relevant U.S. Treasury departments now recognize the policy is problematic, the U.S. Department of Justice (DOJ) still maintains in its case that even legitimate transactions conducted via Tornado Cash are illegal, as they could be used for money laundering, sanctions evasion and other criminal acts. He pointed out that non-criminal U.S. government agencies consider the policies improper, while the criminal justice department deems all related transactions criminal. Storm argued that the "war" on the crypto industry is ongoing and could set a dangerous legal precedent for the U.S. regarding developers and open-source software. He added that he has been detained and prosecuted for over 1,139 days, noting his case originates from developing open-source code. Storm revealed that a new filing was submitted today by the Southern District of New York (SDNY) federal court, with the DOJ still pushing for his conviction.

According to HTX market data, SOL has broken through $120, currently trading at $120.03, with its 24-hour decline narrowed to 0.24%.

AI crypto investment application Virtuals Protocol announced in a post that its Virtuals App has entered closed beta testing. The official noted that the app is equipped with personal AI, a built-in wallet, and market integration, enabling users to discuss investment ideas, research assets, and execute trades within group chats. The Virtuals App is currently limited to iOS closed beta, requiring an invitation code to access.