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If the four-year cycle theory is dead, how much further can bitcoin rise in this round?



Since the Penpie $PNP IDO launch, its price once surged 5x. Riding on this momentum, Magpie announced it will continue to launch the "Convex" for Radiant $RDNT—Radpie—in the subDAO model. With multiple narratives supporting it, will Radpie be able to replicate or even surpass the returns of PNP?

Amidst a Favorable Regulatory Climate, Canary Capital Advances in the Crypto ETF Space with Litecoin and HBAR Filings

Final Allocations to be Determined by Community Engagement Metrics, Following Rapid Oversubscription

Whale Sparks Market Activity by Withdrawing Over a Billion Tokens as Pump.fun's Buybacks Surpass $150 Million

Unveiling Arc: A New Blockchain Utilizing USDC as Native Gas Token with Major Tech and Financial Giants in the Testing Phase

Enhancing Institutional Yields through Combined Staking and Restaking Services in Linea's zkEVM Layer 2
- 03:21Bitwise: A large-scale transfer of BTC from retail to institutional investors is currently underwayJinse Finance reported that André Dragosch, Head of Research Europe at Bitwise, stated on the 28th that bitcoin is currently being distributed from early retail investors to institutional investors such as funds/ETPs, corporations, and governments. Unlike other traditional asset classes in history, the adoption of bitcoin was initially driven by retail investors such as cypherpunks and early adopters, with family offices, fund managers, and ETF institutional investors only making their first investments in bitcoin later on. Even today, individual investors still hold about 66% of BTC. This means the vast majority of bitcoin is still controlled by non-institutional investors, and “we are still in the early stages” in terms of institutional adoption. Nevertheless, a large-scale transfer of BTC from retail to institutional investors is currently underway. At present, institutional investors (ETPs and treasury companies) hold about 12.5% of the BTC supply, and this figure is growing rapidly. This transfer is not something that can be achieved overnight; it is a long-term trend. Ultimately, this “great transfer” means that the price of BTC will need to be higher to incentivize BTC to move from early retail investors to institutional investors.
- 03:21Perp DEX platform StandX announces the launch of a Market Making program, distributing 5 million StandX tokens as rewards each month.Jinse Finance reported, according to official sources, that the Perp DEX platform StandX has announced the launch of its Market Making Program. The application form for this program is now open, aiming to provide preferential fee rates and token rewards to eligible market makers. Each month, StandX will distribute 5 million StandX tokens as rewards to qualified market makers based on the number of market makers and their trading performance. Each market maker's reward share = market maker's effective trading volume / total effective trading volume x reward pool.
- 03:11Data: The crypto sector continues to pull back, with only the SocialFi sector remaining relatively resilientChainCatcher news, according to SoSoValue data, various sectors of the crypto market continue to pull back, with only the SocialFi sector remaining relatively resilient, rising slightly by 0.40% in the past 24 hours. Within the sector, Toncoin (TON) increased by 1.39%. In addition, Ethereum (ETH) fell by 3.71%, dropping below the $4,000 mark, while Bitcoin (BTC) declined by 1.69%, retreating to around $112,000. In other sectors, the PayFi sector fell by 1.04% in the past 24 hours, with Bitcoin Cash (BCH) rising slightly by 0.30% within the sector; the DeFi sector dropped by 2.14%, but Hyperliquid (HYPE) remained relatively strong, rising by 1.77%, and AERO (Aerodrome Finance) increased by 9.70%; the Meme sector declined by 3.00%, with MemeCore (M) and OFFICIAL TRUMP (TRUMP) bucking the trend and rising by 4.60% and 5.84% respectively; the Layer1 sector fell by 3.02%, with Solana (SOL) down by 3.68%; the CeFi sector dropped by 3.08% in the past 24 hours, and the Layer2 sector declined by 4.30%. According to the crypto sector indices reflecting historical sector performance, the ssiSocialFi index rose by 1.09%, while the ssiLayer2 and ssiGameFi indices fell by 4.35% and 4.02% respectively.