In the past 24 hours, there have been many noteworthy developments in both the crypto and traditional financial markets.

On the political front, Trump is about to interview Reed for the Federal Reserve Chair position, which could have significant implications for future monetary policy and market liquidity. Meanwhile, US regulators are accelerating institutional development in the blockchain space—CFTC has officially established an Innovation Advisory Committee, focusing on regulatory frameworks for crypto assets and prediction markets. Bipartisan lawmakers are also jointly pushing the "Blockchain Regulatory Certainty Act," which may open regulatory exemption channels for DeFi software developers.

There has been active movement in exchanges and financial infrastructure. BitGo announced preparations for an IPO in the US, aiming to raise approximately $201 million, reflecting the continued rising demand for crypto custody services. Web3 financial infrastructure firm VelaFi also made a breakthrough in funding, recently completing a Series B round of $20 million.

Regarding institutional holdings, Strategy invested $1.25 billion last week to buy 13,627 Bitcoin, demonstrating sustained confidence in mainstream cryptocurrencies by large funds. BitMine has also been active on Ethereum, increasing its holdings by approximately 24,200 ETH last week, with total holdings surpassing 4.16 million ETH, indicating no signs of slowing down in institutional deployment.

Traditional commodity markets have also shown remarkable performance—spot silver surged over 6% intraday, and NYMEX silver even touched $85 per ounce. This reflects macro risk aversion sentiment and may also be related to the US dollar trend and geopolitical risks.