The recent developments in the #大户持仓变化 exchange ecosystem are worth noting.

First, there are slight adjustments in compliance and user experience. The platform is optimizing the user identity verification process, with KYC requirements in many regions being upgraded, which is a necessary step to adapt to local regulations. Meanwhile, some well-known investment institutions are accelerating their early-stage deployments in DePIN and AI sectors, and these funding trends often influence market expectations for related assets.

There are also quite a few moves in new tokens. NOT (a notification protocol in the Web3 gaming field) recently listed on exchanges and launched liquidity mining programs, which temporarily boosted trading activity. However, such new assets are typically highly volatile, so caution is advised when chasing gains.

The macro environment remains the same — US CPI data and Federal Reserve statements indirectly influence capital flows. On the security front, although occasional rumors of platforms being hacked emerge within the industry, mainstream exchanges' protective systems generally show no alarms. Technical updates are also progressing, with Ethereum spot ETFs continuing to generate bullish sentiment, which can boost overall ecosystem activity.

Overall, compliance upgrades, DeFi ecosystem expansion, and macro policy changes are reshaping the flow of funds in the market.