
Ethereum privacy returns as pERC-20 and STRK20 open a new path for DeFi
🔐 Privacy is moving back into focus across the Ethereum ecosystem, but this time the story is not about full anonymity. The key shift is that new token standards are trying to combine privacy with control, auditability, and regulatory compliance.
🧩 pERC-20 is still in the proposal and discussion stage, but its design direction is important. Instead of exposing balances, fund flows, and counterparties like traditional ERC-20 tokens, pERC-20 aims to let token transfers be verified through ZK-proofs without revealing transaction details.
🛡 The balance comes from keeping total supply public while allowing issuers to freeze specific notes when required for compliance. This is a major difference from older privacy models, which were often seen as harder to control and more likely to clash with regulators.
⚡ While pERC-20 remains a draft, STRK20 is already live on Starknet. The standard allows ERC-20 tokens to be shielded and could open the door for private transfers, private swaps, lending, and staking without exposing full on-chain positions.
📊 For the market, the short-term price impact remains unclear, but the long-term narrative is worth watching. If privacy becomes a usable infrastructure layer for DeFi, large traders, funds, and institutional applications may have another reason to pay attention to Ethereum and its related L2s.
🧠 The main challenge is still UX. Privacy only becomes valuable when enough users actually use it, so simple integration into wallets, DEXs, and DeFi apps will decide whether this trend stays a short-term narrative or becomes a new utility layer for Ethereum.
#Ethereum
Today’s Outlook
1、Japan may lift its ban on crypto ETFs by 2028, with SBI and Nomura actively advanc
Today’s Outlook
1、Japan may lift its ban on crypto ETFs by 2028, with SBI and Nomura actively advancing related product development.
2、This week, Microsoft, Apple, Tesla, and Meta will release earnings reports, offering insights into the health of industries ranging from cloud computing and consumer electronics to software and digital advertising.
3、Michael Saylor once again posted Bitcoin Tracker updates, with potential disclosure of additional BTC purchases later this week.
4、Data shows that SIGN, JUP, and other tokens will see major unlocks this week.
Macro & Hot Topics
1、Analysis: Markets expect the Federal Reserve to pause rate cuts this week; any dovish or hawkish signals from Powell may influence Bitcoin’s price action.
2、Spot silver broke above $107 for the first time, gaining over $35 this month; spot gold historically surpassed the $5,000 mark.
3、Placeholder partner stated that if the crypto market falls further, they will increase allocations, and below $50,000 BTC, “Bitcoin is dead” narratives may re-emerge.
Market Performance
1、Over the past 24 hours, total crypto market liquidations reached $676 million, with long liquidations accounting for $612 million. BTC liquidations were about $194 million, while ETH liquidations were approximately $217 million.
2、U.S. equities: Dow Jones -0.58%, Nasdaq +0.28%, S&P 500 +0.03%. Additionally, CRCL (Circle) -0.03%, MSTR (Strategy) +1.32%, NVDA (NVIDIA) +1.53%.
3、Bitget BTC/USDT liquidation map shows a clear liquidation gap near the current price (~87,600). Short liquidation liquidity accumulates rapidly above, creating conditions for a potential short squeeze if price is pushed higher. Long liquidations below are more dispersed and weaker, suggesting downside may be a gradual pullback, while upside breakouts could accelerate.
4、In the past 24 hours, BTC spot inflows totaled approximately $232 million, outflows about $190 million, resulting in net inflows of $42 million.
News Updates
1、CoinDesk reports that U.S. crypto asset regulation is accelerating. If the proposed crypto market structure bill passes, it will clarify federal regulatory authority over digital assets, making cryptocurrencies easier to manage, track, and trade, potentially attracting more investors and boosting token valuations.
2、Data: In 2025, stablecoin issuers generated $5 billion in revenue on Ethereum.
3、The White House official account posted that “the U.S. is already the global crypto capital,” with the CFTC set to follow up on modernization of rules and regulations.
4、Colombia’s second-largest pension fund manager, AFP Protección, plans to launch a Bitcoin exposure fund.
Project Developments
1、A “buy high, sell low” whale panic-sold 5,500 ETH over the past three days, worth $16.02 million.
2、WLFI transferred rewards from treasury USD1 holdings to Binance, totaling $40 million worth of WLFI tokens.
3、Two whale/institutional addresses are suspected to have accumulated 61,000 ETH and 20,000 ETH respectively.
4、a16z Crypto: Quantum threats are overstated; protocol governance and upgrade coordination are the biggest challenges for public blockchains.
5、Pendle Finance team–associated addresses deposited 1.8 million PENDLE into CEXs.
6、Report: Ethereum is achieving both high throughput and low fees, potentially transitioning toward a modular settlement layer. Meanwhile, an agent of the “1011 insider whale” stated that Ethereum will become the settlement layer for global capital markets, with 2026 being the “Year of RWA.”
7、Yesterday, a whale transferred $11 million worth of PUMP to Binance, with potential profits of $3.15 million if sold.
8、A Spark lending whale sold 11,190 ETH, lowering its liquidation price to $2,268.
9、The Coinbase Bitcoin premium index has remained negative for ten consecutive days, with only two positive days so far this year.
10、Seven wallets linked to the same entity purchased $21.71 million worth of $XAUT.
Disclaimer: This report is generated by AI, with human verification for information accuracy only, and does not constitute any investment advice.
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