Group 1: Regulatory Developments - The probability of approval for spot crypto ETFs in the U.S. has surged to 90% or higher, significantly exceeding previous expectations, driven by the SEC's unusually positive interactions with issuers [3][4] - The SEC's recent engagement is seen as a critical signal of a friendlier regulatory environment, with potential approval expected within the next few months [3] - The approval of ETFs is anticipated to lower the entry barriers for retail investors and attract billions in institutional funds [3] Group 2: Market Sentiment and Bitcoin's Positioning - Paolo Ardoino's statement on CNBC labeling Bitcoin as the "new gold" has resonated globally, emphasizing Bitcoin's scarcity, anti-inflation properties, and decentralized nature [6] - Bitcoin's trading volume increased by 15% within 24 hours following Ardoino's comments, reflecting heightened investor interest in Bitcoin as a core asset [6] - XBIT has optimized its liquidity pools for Bitcoin, enabling rapid settlements and low slippage, catering to the demand for core asset trading [6] Group 3: Market Reactions and Performance - Cryptocurrency-related stocks in the U.S. saw significant pre-market gains, with ProShares Bitcoin Strategy ETF and iShares Bitcoin Trust both rising by 2.5% [9] - Coinbase's stock increased by 1.2%, while MicroStrategy recorded a gain of 1.7%, driven by reduced policy uncertainty and positive market sentiment [9] - XBIT's daily active users surged by 25% following the news of rising stock prices, showcasing its appeal as a decentralized hub [10]

Group 1 - U.S. cryptocurrency stocks experienced a decline, with Coinbase Global down by 1.3% [1] - Bitfarms saw a decrease of 3.2% [1] - Strategy also fell by 1.3% [1] Group 2 - ProShares Bitcoin Strategy ETF dropped by 2.8% [1] - iShares Bitcoin Trust declined by 3.1% [1]

Core Viewpoint - The cryptocurrency sector in the U.S. stock market is experiencing a pre-market decline, primarily influenced by the downward trend of Bitcoin [1] Group 1: Market Performance - Coinbase (COIN.O) shares fell by 2.1% [1] - Strategy's stock decreased by 2.5% [1] - Riot Platforms saw a decline of 3.9% [1] - HUT 8 Mining dropped by 2.7% [1] - MARA Holdings experienced a 3.7% decrease [1] - Cleanspark's shares fell by 3% [1] - Both ProShares Bitcoin Strategy ETF and iShares Bitcoin Trust ETF declined by 2% [1] Group 2: Bitcoin Price Impact - The overall decline in the cryptocurrency sector is attributed to the falling price of Bitcoin against the U.S. dollar [1]

Group 1 - Cryptocurrency stocks are rising in pre-market trading, with ProShares Bitcoin Strategy ETF up by 3.5% and iShares Bitcoin Trust up by 3.4% [1] - Bitcoin has reached its highest point in two and a half months, hitting $99,598 per coin [1]