The SEC recently approved Bitcoin Spot ETFs from 11 companies, marking an important integration of encryption and TradFi. This decision will make it easier for ordinary investors to access Bitcoin, and is expected to attract a large influx of funds, driving the price of Bitcoin to rise, while also providing higher levels of information disclosure and investment protection.

Kaspa, with advanced technologies such as the GhostDAG protocol, addresses the speed and scalability issues of Blockchain, enhances security, and achieves Decentralization. Its team continuously innovates, proposing the DAGKnight protocol, which improves network efficiency. Kaspa has immense potential in future Blockchain applications and is worth following.

Ethereum Prague Upgrade Depth Research Report: Technological Innovation, Ecological Impact, and Future Outlook
1. Introduction: Outlook on the Prague Upgrade
Since its launch in 2015, Ethereum has been at the core of technological innovation and application exploration in the blockchain industry. From the initial PoW consensus mechanism to the transition to PoS in September 2022, Ethereum has continuously sought more efficient, environmentally friendly, and scalable solutions. The upcoming Prague upgrade has once again attracted widespread attention from the market.
The Prague upgrade is another important technological iteration of Ethereum, following the Cancun upgrade in March 2024. It involves adjustments to the underlying protocol and multiple EIPs, including optimizations for the EVM, staking, Rollup performance, reducing interaction costs, and strengthening storage management. These changes not only enhance the overall efficiency of the mainnet but also provide more robust infrastructure support for Layer 2, DeFi, NFTs, and more.
Prague Upgrade to

Analysis of Collaborative Sniping Behavior in Solana Token Issuance
Abstract
This report investigates a common and highly coordinated meme Token farming model on Solana: Token deployers transfer SOL to "sniper wallets," allowing these wallets to purchase the Token within the same block that the Token goes live. By focusing on the clear and provable funding chain between deployers and snipers, we identify a set of high-confidence extraction behaviors.
Analysis shows that this strategy is neither a coincidence nor a fringe behavior. In just the past month, over 15,000 SOL of realized profits have been extracted through this method from more than 15,000 token issuances, involving over 4,600 sniper wallets and more than 10,400 deployers. These wallets exhibit an unusually high success rate of (87% in sniper profits ), a clean exit strategy, and a structured operational model.
Key Findings

Renzo: The rising star of the re-staking track
Renzo is an Ethereum re-staking protocol based on Eigenlayer. It simplifies the complexity of re-staking on Eigenlayer, providing users with a more straightforward and convenient way to participate in the process. Users can deposit ETH or liquid staking token (LST) into Renzo and receive ezETH in return. ezETH is a liquid staking token (LRT) that can be used in DeFi applications.
In simple terms, users can stake ETH or LST tokens to Renzo, and Renzo will put these assets into Eigenlayer. Since there are various active validation services (AVS) on Eigenlayer, the operation is relatively complex. Renzo will choose AVS on behalf of the users for delegation, thereby lowering the participation threshold for users. Users can earn ETH staking.

The crypto market is experiencing a dip, with Bitcoin dropping to 93,000 USD.
macroeconomic environment
The Federal Reserve is re-evaluating the potential impact of the new Trump administration on the U.S. economy and inflation. It is reported that the Fed Chair is unhappy with some officials publicly linking Fed policy directly to changes in Trump’s policies. Currently, the market expects the Fed to be more cautious and gradual in its future interest rate cuts. Analysts point out that there are many uncertainties regarding the prospects for Fed rate cuts in 2025, and investors need to brace for potential economic fluctuations.
According to market data, the probability that the Federal Reserve will keep interest rates unchanged in January next year is 87.2%, while the probability of a 25 basis point rate cut is 12.8%. By March, the probability of maintaining the current interest rate drops to 50.6%, the probability of a 25 basis point rate cut rises to 44.1%, and the probability of a 50 basis point rate cut is 5.4%.
crypto market
The crypto market continues to fluctuate downward, and Bitcoin fell again last night.

According to monitoring, 6 hours ago, a certain Whale received 25,540 ETH from a certain platform, worth 86.1 million USD.
Previously, this Whale received 35,615 ETH, worth 130.11 million USD, which was sent to 2 wallets for staking, currently facing a loss of 10 million USD.

The establishment of the Ethereum community fund demonstrates its ecological self-renewal ability, and the Fusaka upgrade will promote commercial applications. Macroeconomic market observations focus on the trends of encryption derivatives and Bitcoin, while AI and Meme Tokens continue to attract attention, with new projects emerging constantly. In terms of regulation, stablecoin cases are frequent, NFTs seek breakthroughs, and market dynamics are complex.

The MetaDAO of the Solana ecosystem recently completed a $2.2 million financing round, demonstrating investor confidence. Its innovative Futarchy decision-making model combines market predictions to enhance the efficiency of DeFi governance. Despite the current market capitalization of nearly $19.77 million, MetaDAO must face market challenges, maintain innovation and governance stability to achieve sustained rise.