Recent market developments worth noting. Bitcoin is currently seeking support near the 100-week moving average, which has traditionally been a key technical level. In comparison, MicroStrategy's stock price has already broken below its corresponding technical support, indicating that market sentiment remains cautious.

Another interesting development is Marshall Islands' pioneering initiative—launching an on-chain UBI project on the Stellar blockchain, backed by fiscally supported USDM1 digital bonds. This innovative application is quite worth watching.

In the spot market, BitMine increased their positions counter to the trend when Ethereum fell below $3K, investing a total of $140M in one go. Now, their total ETH holdings are approaching 4 million coins. Such actions usually reflect a long-term optimistic attitude.

On the financing front, RedotPay has just completed Series B funding, raising $107M from Goodwater to expand its global stablecoin payment network. Exodus is also collaborating with MoonPay to plan a new payment integration solution. The entire market is indeed accelerating its exploration in the payment layer.