Bitwise's European research director, André Dragosch, stated in a post on the 28th that Bitcoin is being distributed from early retail investors to institutional investors such as funds/ETPs, companies, and governments. Unlike other traditional asset categories in history, the adoption of Bitcoin started with retail investors such as cypherpunks and early adopters, followed by family offices, fund managers, ETFs, and other institutional investors making their first investments in Bitcoin. Even today, individual investors still hold about 66% of the BTC. This means that the vast majority of Bitcoin is still controlled by non-institutional investors, and in terms of institutional adoption, "we are still in the early stages." Nevertheless, there is currently a large-scale shift of BTC from retail to institutional investors happening. Institutional investors (ETPs and treasury companies) currently hold about 12.5% of the BTC supply, and this number is rapidly increasing. This shift is not something that can be achieved overnight, it is a long-term trend. And this "big shift" ultimately means that the price of BTC needs to be higher to incentivize BTC to move from early retail investors to institutional investors.

 according to TraderT monitoring, the net inflow of 202.03 million US dollars in the US spot Ethereum ETF yesterday.

 according to official sources, Perp DEX platform StandX announced the launch of a Market Making program. Currently, the application form for this program is open, aiming to provide discounted fees and token rewards to eligible market makers.

OpenSea released the tokens with the largest price increase in the past 24 hours:

Lee Chang-yong, the Governor of the Bank of Korea (central bank), stated, "If a stablecoin linked to the Korean won is introduced hastily, I would be very concerned about exchange rate fluctuations in the foreign exchange market and capital outflow issues." Governor Lee pointed out during a National Assembly Planning and Finance Committee audit, "Many people may take the stablecoin linked to the Korean won overseas, which is indeed worrisome." He also emphasized, "It is important to first conduct pilot projects with banks at the core, and then gradually expand the scope of promotion after achieving good control over capital outflows." He reiterated his concerns, stating, "From the perspective of the authorities responsible for foreign exchange management, this issue is of great concern. If a stablecoin linked to the Korean won is introduced, there is a high possibility of bypassing foreign exchange controls." In response to the opinion expressed by Democratic Party of Korea lawmaker Ahn Dae-je, who supports the introduction of a stablecoin linked to the Korean won, Governor Lee clearly expressed a different stance, saying "My opinion is completely different from yours." At the same time, he pointed out, "I do not believe that introducing a stablecoin linked to the Korean won will reduce the demand for stablecoins linked to the US dollar, as those who want to convert their assets into dollars will still choose to use stablecoins linked to the US dollar." He also added, "Although it may be premature to think that stablecoins linked to the US dollar will dominate the Korean won payment market, due to the significant increase in their future usage, further efforts are needed to improve related regulatory measures."

 the digital asset infrastructure company BDACS announced on the 29th that it plans to issue the Korean won stablecoin "KRW1" on the new blockchain "Arc" of the global financial technology company Circle. To advance this project, BDACS has signed a memorandum of understanding with Circle and established a collaborative mechanism. In addition, BDACS completed the trademark registration of "KRW1" in December 2023.

according to OnchainLens monitoring, a certain early Bitcoin holder (OG) once again deposited 200 BTC into the Kraken exchange, worth $22.52 million. In the past two weeks, this holder has deposited a total of 5,803 BTC into Kraken, with a total value of $649.6 million.

Joe Burnett, strategic director of the Bitcoin treasury company Semler Scientific, stated on the X platform, "Compared to the B- credit ratings of MSTR and JBLU, we are gradually realizing that the pace of Bitcoin integrating into the traditional credit system is still in its early stages.

 Robert Kiyosaki, author of "Rich Dad Poor Dad," shared his views on Bitcoin on his social media platform. Kiyosaki stated that he currently holds millions of dollars worth of BTC and predicts that the price of BTC will double this year, possibly reaching a high of $200,000. Kiyosaki said, "When his friends saw his account, they only focused on the loss of tens of thousands of dollars, ignoring the millions of dollars in profit. He believes that this psychological difference is the key distinction between the rich, the poor, and the middle class, known as emotional intelligence (EQ). The reason why the poor and the middle class are poor is because they fear failure more than they desire success, and emotional intelligence is more important than IQ in the world of money. Successful rich people understand how to respect the emotions of 'fear' and 'greed' and can rationally control them."

 U.S. President Trump admitted on Wednesday that although he has repeatedly mentioned the idea of running for re-election in the past few months, the Constitution clearly does not allow him to seek a third presidential term. Trump told reporters on Air Force One, "If you read the Constitution carefully, you will find it very clear that I cannot run," he added, "sadly," he currently has a high level of political support. Before Trump made the above remarks, U.S. House Speaker Johnson said on Tuesday that he did not see a "path" for Trump to seek a third term. (Golden Finance)