News

1. OP Labs lays off 20% of staff to focus on core business: not due to financial pressure; 2. OpenClaw founder questions Tencent's scraping of Skills and urges support to avoid increasing server costs; 3. Bloomberg: US prosecutors believe SBF's retrial request should be rejected; 4. Bitcoin spot ETF saw a total net inflow of $115 million yesterday, marking three consecutive days of net inflows; 5. BONK.fun: Official domain hacked, please refrain from any interactions for now; 6. Trump crypto advisor: Compliant stablecoins will drive global capital inflows into the US banking system; 7. A whale deposited $4 million USDC into Hyperliquid again to short oil; 8. Major Wall Street brokers plan to access prediction markets, with Clear Street and Marex taking the lead; 9. Brent crude oil futures surged over 9%, returning above $100/barrel due to disruptions at a key port in Oman; 10. Kyle Samani: PropAMM is one of the most important innovations in market microstructure in decades.

XRP price is fluctuating narrowly around $1.38, with market volatility compressed. Investors are focusing on the potential impact of the US Consumer Price Index (CPI) data on Federal Reserve policy expectations. Both on-chain and institutional activity remain active, with XRP Ledger daily transaction volume exceeding 2.7 million, and XRP-related investment products having assets under management of approximately $1.4 billions. Ripple has launched a $750 millions stock buyback, with its valuation approaching $50 billions. Traders are watching the price movement in the $1.35–$1.37 support zone and the $1.40–$1.42 resistance zone. AI interpretation: The upcoming US CPI data is attracting significant attention, reflecting investors' sensitivity to inflation trends. CPI data will directly influence the Federal Reserve's monetary policy direction, especially in the current economic environment, where changes in inflation will have a major impact on interest rate decisions. Market expectations for CPI will further affect the price volatility of risk assets, and investors should closely monitor market reactions following the data release.

ChainCatcher News, The development team behind Across Protocol, Risk Labs, has proposed dissolving the current DAO structure and transforming the project into a US C-corporation. The team pointed out that the existing token and DAO framework have substantially affected their ability to establish partnerships with institutions and corporate partners, and that a traditional corporate structure would help open up new business opportunities. According to the proposal, ACX holders can choose to swap their tokens for shares in the new company at a 1:1 ratio, or exchange them for USDC at a price of $0.04375 per token, which is a 25% premium over the average price of the past 30 days. Holders with more than 5 million tokens can directly convert to equity, while smaller holders can participate through a special purpose vehicle (SPV). After the announcement, ACX surged 70% in a single day to $0.06. The redemption window is expected to open within three months after the proposal is approved and will last for six months. Co-founder Hart Lambur emphasized that a formal decision must be approved by a DAO vote.