📊 Market Overview: Rallies then Pullbacks, Volatile Adjustment

· Bitcoin (BTC): Current price around $75,700, down about 2% in 24 hours. Yesterday briefly surged to $78,300 but then quickly retreated, currently fluctuating between $75,000 and $76,500, with clear resistance around $77,000-$77,600.
· Ethereum (ETH): Price between $2,360 and $2,430, following the market correction. Technically, if it can hold above the $2,385 support level, it may continue toward the $2,900 target.
· Other Major Coins: Generally weakening, XRP down 4.32%, Solana down 3.57%, Dogecoin down 4.88%.

🏛️ Policy and Regulatory Developments

· China Regulatory Tone: The People's Bank of China and eight other departments recently issued a notice reaffirming that virtual currencies do not have legal tender status, and related business activities are considered illegal financial activities. Official media also called for strengthened specialized legislation and unified judicial rulings.
· US Regulatory Progress: The U.S. Treasury Department is advancing the GENIUS Act, requiring stablecoin issuers to establish anti-money laundering and sanctions compliance programs.
· South Korea's Active Shift: The South Korean president recently announced that cryptocurrencies will be prioritized as a national strategic matter to promote institutional investment, demonstrating a proactive regulatory stance.