Odaily News Greeks.live released a community briefing, which pointed out that the current market sentiment is mixed and slightly bearish. The resistance level of BTC has come to around $106,000. The market is particularly worried about high downside risks and potential volatility spillover effects in traditional markets, which will affect the trend of cryptocurrencies.

Odaily News According to @ai_9684xtpa’s monitoring, in order to stake 10.17 million USDC to Plasma, a user spent 39.15 ETH of Gas to become the first staking address as he wished. However, the number one address only spent $7.16 in Gas fees to deposit 50 million USDC.

Odaily News At the opening of the US stock market, the Dow Jones Industrial Average rose 0.02%, the S&P 500 rose 0.12%, and the Nasdaq rose 0.22%. Tesla (TSLA.O) opened down 3%. The company was downgraded by multiple investment banks and fell nearly 15% last week; Circle (CRCL.K), the first stablecoin stock, continued its rise last week, rising more than 22%. (Jinshi)

Odaily News The initial pledge of Plasma, a stablecoin network backed by Bitfinex and Tether, ended in 2 minutes at 9 o'clock tonight. The XPL subscription amount will be allocated according to the deposit amount and pledge time. Among them, the whale/institution 0x790...41023 pledged 50 million USDC, and the pledge share of a single address accounted for 20%.

Odaily News RISE Chain, a Layer 2 blockchain focusing on low latency, announced the completion of a new round of financing of $4 million, with Galaxy Digital's venture capital arm Galaxy Ventures participating in the investment. The total financing amount of the project has reached $8 million. The new funds will be used to promote its mainnet launch to build a high-throughput, low-latency blockchain. (CoinDesk)

Odaily News According to Brazil's O Globo newspaper: Brazil will propose to impose a 17.5% income tax on all financial assets. (Jinshi)