Odaily News Jeremy Allaire, co-founder and CEO of Circle, recently wrote on the X platform that stablecoins may be the most practical form of currency in history, but the entire industry has not yet reached a critical node similar to the "iPhone moment". He pointed out that once the stablecoin industry enters this stage, developers will be able to unlock programmable digital dollars like unlocking programmable mobile phones. At that time, digital dollars will unleash huge potential and bring extensive opportunities on the Internet. He believes that this era may not be far away.

Odaily News Philippe Laffont, founder of Coatue Management, said that although the high volatility of Bitcoin in the early days made him wait and see about crypto assets, Bitcoin is now maturing with the participation of institutional investors. He pointed out that as Bitcoin's volatility decreases and market awareness increases, its position in the investment portfolio will become "more important" and is expected to become one of the core configuration assets.

Odaily News OKX market data shows that ETH fell below 2500 USDT and is now at 2499.47 USDT, a 24-hour drop of 1.9%. (This newsletter is generated with the assistance of AI)

Odaily News According to on-chain data, a wallet address that has not been active since the Ethereum ICO in 2015 was activated today, having been dormant for about 9.9 years. The address currently still holds 2,000 ETH, which is valued at about $5.06 million at current prices, but was only worth about $620 that year. The address only transferred out 0.001 ETH in two transactions this time, and the specific purpose is currently unknown.

Odaily News According to the monitoring of on-chain analyst @ai_9684xtpa, ZKJ and KOGE, which have always been stable, fell by 3% in a short period of time between 21:20 and 22:05 today, which was suspected to be caused by the withdrawal of liquidity and continuous selling of address 0x364...f18e9. The address withdrew the bilateral liquidity of 1.29 million ZKJ and 8667 KOGE from OKX at 21:49, and then: sold a total of about 3.1 million US dollars of ZKJ at 21:21 and 22:05; sold about 550,000 US dollars of KOGE at 21:20. ZKJ's trading volume surged to 12.73 million US dollars at 21:21, triggering a continuous decline within 15 minutes, which may be caused by a chain reaction caused by LP panic withdrawal; a similar situation occurred at 22:05. KOGE was closely tied to ZKJ, and although the amount of selling was not large, it was also frustrated at the same time.

Odaily News In response to a user's question about whether MetaMask will issue tokens, Joseph Lubin, founder of ConsenSys, said that ConsenSys has developed short-term and medium-term strategic plans involving the protocolization of existing products and multiple new projects. Given that Web3 protocols usually rely on tokens to operate, multiple protocols will launch tokens in the future. Lubin revealed that the first token to be issued will be LINEA, and subsequent protocols will also achieve coordinated development.