Odaily reports that Nvidia CEO Jensen Huang stated that the memory shortage will last for several years and that he will meet with Samsung's Vice Chairman tomorrow. (Jin10)

Odaily reports that Vietnam's securities regulator stated the country's digital finance development is entering a critical phase. In the near future, plans may be announced to launch a pilot program for a crypto asset trading market, aiming to promote the standardized development of the digital asset industry. Currently, Vietnam ranks seventh globally in cryptocurrency user adoption and fifth in transaction growth rate. (CoinDesk)

Odaily Odaily reported that the Coinbase Bitcoin Premium Index has been in a negative premium range for 20 consecutive days, with the latest reading at -0.0467%. This index measures the deviation of Coinbase (a major US-compliant platform) BTC price relative to the global average price. A sustained negative value indicates heavier sell-side pressure in the US market, declining risk appetite, capital outflows, or heightened risk aversion. Historical data shows that prolonged negative premiums often accompany the withdrawal of US institutional capital, warranting caution against short-term correction pressures.

Odaily Planet Daily News: On-chain analyst Darkfost stated that they have compiled the realized losses (denominated in USD) of the Bitcoin market during various bear markets. Theoretically, as the total market capitalization continues to expand, under similar market behaviors, the scale of USD losses during bear markets should also continue to grow.

Data shows that during the 2014 bear market, realized losses amounted to only about $2.4 billion, when Bitcoin's market capitalization was roughly $6 billion to $8 billion; during the 2019 bear market, realized losses increased to $60 billion.

Since the current cycle peaked last October, the market has accumulated approximately $174 billion in realized losses. However, this figure has not yet set a record; the cumulative realized losses in the previous bear market once reached $211 billion.

Darkfost believes that this could mean there is still further room for market clearing, but this judgment remains highly subjective. If the bear market persists for several more months, the scale of realized losses could surpass the level of the previous cycle. However, for now, although this bear market has entered a relatively deep stage, cumulative losses have still not reached the historical peak.

According to a recent report by Lloyd's List, some vessels passing through the Strait of Hormuz are required to pay over $100,000 per ship for passage permits from Iran, with the fees having significantly decreased compared to the early stages of the conflict. The report, citing information from shipping security operators, stated that the current single-passage fee for bulk carriers can reach up to $120,000, and up to $160,000 for oil tankers. The specific rate varies depending on factors such as vessel type, cargo, and the nationality of the shipowner, representing a significant drop from the $1 million to $2 million per vessel charged during the early stage of the conflict. (Xinhua)

Odaily reported that according to Iranian media Fars News: Each tanker passing through the Strait of Hormuz will be charged a fee ranging from $150,000 to $2 million. Some vessel fees may be paid not in cash, but in goods or through barter arrangements. (Jinshi)

Odaily reports that analyst Ali noted on X platform that Coinbase stock will face a key technical test next week. If the stock can hold the critical support level of $141, it could potentially rebound to around $185; however, if it breaks below this level, it may further decline to the $74 area. His analysis indicates that $141 has become an important inflection point for Coinbase’s current price action, with investors closely monitoring market performance around this level.

Odaily reported that according to on-chain analyst EmberCN's monitoring, 15 minutes ago, a whale on-chain borrowed 30 million USDS from Spark via recursive lending, and then used it to buy 18,212 ETH at an average price of $1,647.

Odaily reports, according to GMGN data, Binance Life's market cap has surpassed $860 million, currently reported at $860 million, with a daily increase of over 26%, continuing to hit a new all-time high.

Odaily reminds users that Meme coin prices are highly volatile, and investors should be aware of the risks.

Odaily Planet Daily News: Iranian Vice President and Head of the Department of Environment, Shina Ansari, stated that Iran has initiated the drafting of the "Regulations on Environmental Service Charges in the Strait of Hormuz," with the preliminary draft completed recently. However, the charging standards and specific collection mechanisms have not yet been finalized. (CCTV News)

Odaily Odaily News According to on-chain analyst EmberCN, BNBChain Life, which has surged 20x in two months, may be controlled by Garrett Jin – the whale entity that converted tens of thousands of BTC into over 900,000 ETH last year and suffered a $230 million loss from a long position liquidation on Hyperliquid this February.

1. From February to recent days, an address cluster has accumulated 284 million BNBChain Life tokens ($237 million) through Binance withdrawals and on-chain purchases. This represents 28.4% of the total BNBChain Life supply.

Including holdings on CEX, they likely control a significant proportion of BNBChain Life. The token has also surged 20x during these months ($0.04 → $0.85).

2. Intersection with the Garrett Jin whale entity: Shared deposit addresses.

- Multiple addresses that withdrew large amounts of BNBChain Life from Binance shared a Binance deposit address with the Garrett Jin whale entity six months ago. Addresses that have been heavily buying BNBChain Life on-chain in the past five days shared a Bybit deposit address with the Garrett Jin whale entity.

Therefore, BNBChain Life is highly likely being manipulated by the Garrett Jin whale entity.

◎The Garrett Jin whale entity is the prominent entity that held 100,000 BTC last year, managed by Garrett Jin.

◎Last year, via Hyperliquid, it swapped tens of thousands of BTC for over 900,000 ETH at prices above $3,500.

◎This February, the entity opened a long position of over 200,000 ETH on Hyperliquid, ultimately resulting in a $230 million liquidation loss.

◎In May, when ETH was around $2,350, they transferred 577,000 ETH ($1.351 billion) into Binance, after which ETH continued to decline.

Barry Silbert, Founder and CEO of DCG, the parent company of Grayscale, stated on platform X that while some in the crypto community may continue to mock Zcash (ZEC) prices dropping back to levels seen six weeks ago, they could instead choose to learn from the experience and dedicate more effort to preparing for the risks posed by AI and quantum computing in the future. Barry Silbert believes that rather than focusing on short-term price volatility, crypto projects should proactively improve their technical architecture in advance to address potential security challenges arising from AI and quantum computing.

According to a post by CLLCT founder Darren Rovell on platform X, the "Bored Ape" Bored Ape Yacht Club (BAYC) #8554 was sold for just $13,046 yesterday. This NFT previously sold for $147,953 on November 5, 2021, representing a price decline of over 90%. Analysts suggest this transaction reflects significant value fluctuations among certain high-end NFTs during a market adjustment period.

According to data disclosed by crypto analyst Scott Melker, Bitcoin short-term holders have recorded the largest loss-taking sell-off in history, while approximately 5.3 million BTC held by long-term holders are in a state of unrealized loss, with market sentiment turning extremely pessimistic.

Additionally, Bitcoin's daily Relative Strength Index (RSI) has dropped to around 15.5, its lowest level since the pandemic-induced bear market in March 2020, indicating the market is deeply oversold. Having already fallen below $60,000, the likelihood of Bitcoin testing $50,000 is increasing. However, if it can sustain the key support level at $60,000 in the near term, a rebound toward the 20-day EMA around $70,600 could be possible in the coming weeks.

Odaily reports that Binance has released an updated Proof of Reserves, showing that asset reserves consistently exceed a 1:1 ratio to safeguard user funds. Among these, the BNB reserve ratio stands at 100.58%, the Bitcoin reserve ratio at 100.20%, and the ETH reserve ratio at 100%. The USDT reserve ratio is 103.17%.

Odaily reports: According to Saudi media outlet Alhadath, citing a senior diplomatic source, Pakistan's Interior Minister has conveyed to Iran that the United States has agreed to ease sanctions. (Jinshi)