Odaily Planet Daily reports that the U.S. Securities and Exchange Commission (SEC) Investor Advisory Committee held a meeting on Thursday to discuss asset tokenization, with executives from Citadel, Coinbase, and Galaxy participating to discuss regulatory pathways. Citadel recommended that the SEC strictly define the role of intermediaries such as decentralized trading protocols, sparking opposition from some crypto enthusiasts who argue that traditional rules are inapplicable to DeFi architectures. Coinbase stated that rule differences should be reviewed on a case-by-case basis to avoid imposing inapplicable obligations. SEC Chairman Atkins stated that a compliance path should be provided to promote innovative development in tokenization. (The Block)

According to official sources, Base has launched a cross-chain bridge connecting to Solana, supporting the native use of Solana assets on Base and allowing Base assets to migrate to Solana. This bridge is powered by Chainlink's Cross-Chain Interoperability Protocol (CCIP) and uses dual-verification messages from Coinbase and Chainlink nodes to ensure security.

According to a report released Wednesday by Nikolaos Panigirtzoglou, Managing Director of JPMorgan Chase, and his team, the recent continued pressure on Bitcoin prices stems primarily from two factors: the recent decline in Bitcoin network hashrate and mining difficulty, and the latest developments surrounding Strategy. Analysts stated that the decline in hashrate and mining difficulty reflects the combined effects of two forces: China's reaffirmation of its ban on Bitcoin mining following a surge in private mining activity, and the squeeze on profits from lower Bitcoin prices and high energy costs, leading to the exit of high-cost miners outside of China. While a decline in hashrate typically increases miners' revenue, analysts stated that "Bitcoin prices continue to hover below their production costs," resulting in selling pressure on the first and largest cryptocurrency. JPMorgan analysts have now lowered their Bitcoin production cost estimate to $90,000, down from $94,000 last month. According to analysts' estimates, this update is based on an electricity price assumption of $0.05/kWh; for high-cost producers, every $0.01/kWh increase in electricity price would add $18,000 to their production costs. A JPMorgan report stated, "Some high-cost miners have been forced to sell Bitcoin in recent weeks due to squeezed profits caused by rising electricity costs and falling Bitcoin prices." Even so, analysts say miners are not the primary driver of Bitcoin's next move. Instead, they believe the key lies in Strategy's balance sheet and its ability to avoid selling Bitcoin. (The Block)

the total open interest amounted to $107078806472.42015, with BTC at $50.78 billion, ETH at $31.40 billion, XRP at $5.00 billion, LTC at $2.20 billion, ETC at $1.37 billion, DASH at $1.20 billion, IOTA at $1.08 billion, QTUM at $680.11 million, . The data is sourced from the quarterly and perpetual contracts on Bitget,dYdX,Deribit,CME,Hyperliquid,Binance,Coinbase,OKX,Bybit,Gate,HTX,Kraken,Crypto.com,Bitfinex,BitMEX. This report is for informational purposes only and does not constitute investment advice.

According to data from msx.com, US stocks closed on Thursday with the three major indexes showing a flat trend throughout the day. The Dow Jones Industrial Average initially closed down 0.07%, the S&P 500 rose 0.1%, and the Nasdaq Composite rose 0.2%. The crypto sector was mixed, with Circle (CRCL) up 1.36%, BitMine (BMNR) up 7.9%, Coinbase (COIN) down 1.04%, Strategy (MSTR) down 1.26%, SharpLink (SBET) up 5.38%, and CEA Industries (BNC) down 5.05%. msx.com is a decentralized RWA trading platform that has listed hundreds of RWA tokens, covering US stocks and ETF tokens such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.