Minseung Kang

Following the hacking incident of Cetus (CETUS), the largest decentralized exchange (DEX) based on Sui (SUI), the trading volume of SUI has also plummeted. According to cryptocurrency media U.Today on the 24th (local time), SUI's 24-hour trading volume decreased by approximately 42.82% after the Cetus hacking incident on the 22nd. The media reported that hackers stole assets worth about $223 million in this attack, of which $162 million was immediately frozen. Currently, Cetus is attempting to recover the remaining assets by offering the hacker a $6 million white hat bounty. The price of SUI also could not escape the impact of the hacking. As of today, SUI is trading at $3.64, down 5.22% from the previous day. This level has given back a significant portion of the 23% gain recorded earlier this month.

The Solana (SOL) Foundation has officially announced a new open-source identity verification protocol, the 'Solana Attestation Service (SAS)'. On the 24th, Solana stated through its official X (formerly Twitter), "Today, we unveil SAS, a new open-source protocol that can prove everything (on-chain)," adding, "It will become a trust layer for the internet capital market." SAS is based on a public blockchain that anyone can participate in. SAS is a protocol that enables the implementation of trust-based services by linking various off-chain data with Solana wallets. It particularly supports proving elements such as Know Your Customer (KYC), investor eligibility, and on-chain reputation linked to wallet addresses through a signature-based authentication method. It is explained that it can prove the trustworthiness of wallets without compromising user privacy. Solana added, "SAS has been launched in collaboration with various ecosystem partners, including CivicKey, Trusta Labs, Solana Identity, Range Security, Exo, Polyflow PayFi, Roam, Sumsub, and RNS Global, and will be linked with more projects in the future."

### Interview with Bowen Wang, Founder of NEAR One ### ### Maximizing Blockchain Processing Speed with 'Sharding' ### Building Infrastructure for 1 Million TPS to Enhance Scalability ### Establishing a Foundation for AI Agents ### ### Rapid Verification of Transaction Data with 'Zero-Knowledge Proof' ### Connecting with External Chains through 'Chain Signatures' ### Advancing Shard Structure with 'Nightshade 2.0'  **"Our goal is to actually process 1 million transactions per second (TPS) within this year. We aim to enhance interoperability between different blockchains so that more nodes and chains can naturally connect to the NEAR ecosystem, creating an AI and blockchain environment where users can participate more easily."** Bowen Wang, the founder of NEAR One—the core R&D organization overseeing the infrastructure development of NEAR Protocol (NEAR)—emphasized this in an interview with Bloomingbit on the 24th. Founder Wang led the design and implementation of NEAR Protocol's sharding structure, 'Nightshade,' and has recently been spearheading the development of key technologies such as 'Stateless Validation' and an AI agent-based Blockchain Operating System (BOS). Bloomingbit met with Founder Wang through a video interview to delve deeply into NEAR Protocol's sharding technology structure, expansion strategy, and user-centric blockchain vision. ## Maximizing Blockchain Processing Speed with 'Sharding' Bowen Wang emphasized that NEAR Protocol will clearly demonstrate how fast and flexibly it can expand through 'sharding.' **Sharding** is a distributed processing technology used to maximize processing speed in databases and blockchains. In a blockchain structure where a single ledger is shared by all participants, bottlenecks occur when multiple users attempt to record transactions simultaneously. Sharding addresses this by splitting the ledger and installing multiple pipelines that can process transactions in parallel. Originally emerging from existing database systems like Oracle, MySQL, and NoSQL, sharding is considered an 'extreme measure' for performance improvement. Although sharding has a high development complexity, it is highly effective in resolving bottlenecks and securing scalability.  Bowen Wang stated, "We will process 1 million transactions per second (TPS) within this year to prove how powerful our designed structure is," and "We will further develop the 'Chain Signatures,' a device that naturally connects various blockchains. We plan to bring more participants and external chains into NEAR." The 1 million TPS target is a significant leap considering NEAR's current real-world performance. In reality, NEAR Protocol's average TPS is about 83. The recent maximum recorded was 4135 TPS, and theoretically, it can reach up to 12,000 TPS. For reference, Solana processes about 1150 TPS in real-time, with a theoretical maximum throughput of 65,000 TPS. In contrast, Ethereum's main network (mainnet) processes transactions at a rate of 15-30 per second. NEAR is also rapidly preparing a foundation for AI agents. He stated, "We are making it so that AI can operate in a safe and personal environment, and we are developing a system where AI can make its own judgments and even learn in the future." He added, "Ultimately, our goal is to create an AI-based internet that is not centrally controlled but operated by users themselves." An 'AI agent' refers to an artificial intelligence system that performs various tasks autonomously without human intervention. ## Rapid Verification of Transaction Data with 'Zero-Knowledge Proof' No matter how quickly data is recorded and processed, if the content is inaccurate, the trust in the blockchain system is difficult to maintain. The process of verifying whether transaction records are actually correct is essential, but it sometimes requires a lot of time and resources. NEAR plans to introduce cutting-edge cryptographic technology called **zero-knowledge proofs**—a leading-edge cryptographic technology to dramatically improve this process. Founder Wang stated, "Currently, like most blockchains, NEAR uses Merkle proof to compactly verify some state data, but in the future, even this process will be replaced by a single small proof." He explained, "This proof is small, about a few hundred kilobytes (KB), but it verifies that the entire internal value of the blockchain has been correctly calculated at once. This will significantly reduce the cost and network transmission volume for data verification." In particular, when this technology is applied, anyone can verify whether a block has operated correctly without having all the blockchain data. NEAR fundamentally utilizes a 'state witness' structure that extracts only the necessary data samples from each block to prove the entire state. This structure also compresses data, but if the state is complex, the proof file size can reach several megabytes (MB). Founder Wang emphasized, "By incorporating zero-knowledge proof, even complex state computations can be compressed into a single proof of a few hundred kilobytes, drastically reducing overall verification costs." In other words, a structure is being established where anyone can verify whether the entire network is functioning properly, even on lightweight devices or mobile environments. NEAR is moving towards a 'lightweight verifier system' that can verify core data without installing a full node that synchronizes all data. ## Sending Bitcoin with NEAR Wallet... How 'Chain Signatures' Changes Blockchain Usage Since blockchains operate as independent networks, connecting different chains or moving assets between them remains a challenging task. Recent projects are also focusing on interoperability technology that connects blockchains that are isolated like islands. NEAR Protocol has introduced a **'Chain Signatures'** structure as a technology to solve this problem. He stated, "With NEAR's Chain Signatures, you can send transaction commands directly to external blockchains like Ethereum, Solana, and Cosmos with a single NEAR wallet." In other words, an account on the NEAR blockchain holds addresses connected to each external chain, allowing it to create and send transactions that actually operate on those chains.  Transactions created in the NEAR wallet are transmitted to the external chain by an intermediary called a **'relayer.'** The relayer ensures that it is actually executed on the respective chain. For example, if a Bitcoin transfer command is created on NEAR, it is propagated on the Bitcoin network and operates immediately. It's as if the NEAR blockchain acts as a wallet for external blockchains. For reference, NEAR is not the first to connect blockchains. The Cosmos ecosystem is also designed to send and receive messages between chains through a protocol called 'IBC (Inter-Blockchain Communication).' However, IBC requires the same access client to be installed on each chain and focuses on data transmission. In contrast, NEAR's Chain Signatures allows transactions to be constructed and executed directly on external chains at the account level, providing a much simpler and more intuitive user experience (UX) from the user's perspective. ## The Choice of Sharding... Capturing Both UX and Resilience with Architecture Founder Bowen Wang also emphasized that NEAR Protocol aims to capture both user experience (UX) and resilience through the adoption of traditional sharding. In the case of Ethereum, one of the leading blockchain representatives, it initially attempted to secure scalability by adopting sharding but has now shifted direction to a 'rollup' structure that processes computations on external networks and records only the results. Rollups are relatively simple to develop and have a low adoption barrier as they can be connected like an adapter to the Ethereum main chain. However, some opinions suggest that there are still various constraints in terms of user experience. Founder Wang pointed out, "In the rollup structures used these days, users may have to move assets between multiple rollups and wait for 30 minutes. This UX feels more disconnected than a distributed ecosystem." He continued, "In contrast, NEAR Protocol allows users to process various requests seamlessly with a single account they own," emphasizing, "It is particularly low in entry barriers for new users." While choosing a traditional sharding structure increased development complexity, it resulted in a smoother UX. Meanwhile, Founder Wang explained that a blockchain designed based on sharding can respond more stably in network congestion situations. He stated, "Solana can achieve very high performance thanks to its monolithic architecture optimized closely with hardware, but we saw its structure shake under extreme loads over the past year. We also had similar congestion situations, but we could mitigate the problem by splitting shards." He added, "Although the horizontal expansion method based on sharding is more complex in structure, we have become convinced that it is ultimately more stable and advantageous." NEAR completed this mechanism last March, expanding from 6 to 8 shards on the mainnet and testing actual performance to secure data on it. Founder Wang explained, "We confirmed through testing that the processing speed actually increases as the number of shards increases to a certain extent." However, he noted, "Just because there are 10 shards doesn't mean it's necessarily 10 times faster than when there is 1," and "As the number of shards increases, the resources and time required to coordinate them also increase." He particularly mentioned, "If the number of shards approaches 100, bottlenecks can occur in the process of aligning information between shards," and "This is one of the important technical challenges we need to solve in the future." ## The Core of NEAR Protocol's Shard Expansion Strategy is 'Nightshade'  Nightshade is NEAR blockchain's proprietary sharding structure, designed as an expansion technology that automatically splits or merges chains according to traffic conditions. The name "Nightshade" was inspired by Spensa Nightshade, the protagonist of Brandon Sanderson's science fiction novel "Skyward," who overcomes her own limitations and carves out her own path. To deeply understand what NEAR's core technology model 'Nightshade' is, it is necessary to first understand NEAR Protocol's sharding structure. NEAR Protocol supports both 'transaction sharding' and 'state sharding' processing methods. It also has a structure where validators are randomly assigned to shards and verify data in each block. Transaction sharding refers to distributing a large list of pending transactions across multiple pipelines for parallel processing. State sharding, on the other hand, involves breaking down and distributing the "state" data within each transaction—such as account balances or smart contract variables—into separate parts. (In blockchain, "state" refers to the entire store of network data: user accounts, token balances, contract variables, and more. Every transaction that occurs updates this global state.) One method spreads out the transaction count; the other breaks down the internal complexity of each transaction. Based on the 'Nightshade' technology, NEAR Protocol utilizes both transaction sharding and state sharding to not only increase the overall speed by finely dividing the blockchain but also implement a 'flexible structure' that automatically splits or merges the network according to the situation.  In reality, NEAR Protocol continues to develop to optimize the number of shards according to network conditions. Founder Wang stated, "Currently, the shard structure is fixed, but ultimately, we aim for a system that automatically splits and merges shards according to network load. For example, if there is congestion at one point, causing overload, the shard is split into two, and conversely, if both shards are idle, they are merged back into one." This is similar to increasing lanes when cars are crowded on the road and reducing them when it is quiet. Until now, shards have been manually adjusted to match network throughput, but in the future, the blockchain itself will determine when to split and merge shards based on indicators such as traffic load and resource usage. Last August, NEAR Protocol launched 'Nightshade 2.0' with this goal, undertaking a major structural overhaul to simultaneously enhance scalability and security. Previously, creating a new shard required building separate state data over several hours. In contrast, the new structure transitions to a method where shards are split and verified within a single block. This structural improvement allows for real-time shard expansion while conserving resources. Founder Wang emphasized, "We are simultaneously elevating the scalability and user experience of the blockchain. Our ultimate goal is to implement a pleasant blockchain operating system where AI agents can operate autonomously on top of it." This aligns with NEAR's long-term vision of creating a blockchain environment that supports real-time applications and on-chain automation, allowing users to intuitively utilize it. Kang Min-seung, Bloomingbit Reporter minriver@bloomingbit.io

Bitcoin (BTC) open interest (OI) has recently surged, raising concerns about short-term price volatility. On the 25th, cryptocurrency analyst Daan Crypto Trades reported on X (formerly Twitter) that "Bitcoin's open interest has increased by over $1 billion (approximately 1.368 trillion won) in the last 3 hours," warning that "as Bitcoin remains bullish, excessive leverage over the weekend could lead to unexpected price swings." Meanwhile, open interest refers to the total number of outstanding contracts in the derivatives market. An increase in this figure indicates that new funds are flowing into the market, and generally, as open interest rises, the potential for asset price volatility also increases.

The Binance Chain (BNB) based project BuildOn (B) surged approximately 81% over 24 hours as of the 24th. According to CoinMarketCap on the 24th, the price of B is trading at $0.3247, up 89.72% from the previous day. BuildOn aims to expand the usage and liquidity of the stablecoin 'USD1' from the decentralized finance (DeFi) project World Liberty Financial (WLFI), which is associated with the family of US President Donald Trump. The project introduces that it is building a universal trading environment for USD1 through various dApps and infrastructure. Additionally, on the 22nd, Binance began supporting USD1/USDT spot trading. Meanwhile, the US stablecoin regulation bill, the Genius (GENIUS) Act, recently passed a procedural vote in the Senate with a 66 to 32 vote, increasing the likelihood of passing the plenary session. Despite concerns about potential conflicts of interest with digital asset projects linked to the Trump family, the bill is proceeding with bipartisan support from some members of both parties.

Bitcoin (BTC) temporarily recovered to $109,000. As of 8:09 PM on the 24th, BTC is trading at $109,373 on the Binance USDT market, down 1.93% from the previous day (152.5 million KRW on Upbit exchange). Meanwhile, according to Cryprice, the Kimchi Premium for major virtual assets (cryptocurrencies) including Bitcoin (BTC) slightly increased to 1.86%.

Raoul Pal, a macroeconomic expert and founder of Real Vision, has projected that Bitcoin (BTC) could surpass $140,000 by July. According to The Daily Hodl, a cryptocurrency-focused media outlet, Pal recently stated on YouTube, "Bitcoin's price shows a close correlation with the global 'broad money (M2),' and the current M2 indicator suggests that Bitcoin could rise about 28% from now to exceed $140,000." This analysis reflects that the M2 indicator, which mirrors global liquidity flows, is still sending strong bullish signals. Typically, an increase in M2 raises liquidity within the financial system, increasing investable funds, which tends to boost demand for risk assets like Bitcoin. Pal noted, "M2 had previously signaled Bitcoin's $75,000 adjustment last month," emphasizing, "People focus on tariffs or geopolitical issues, but ultimately, it's liquidity that moves the market." He added, "I predicted Bitcoin's all-time high in May, and the current indicators point to the possibility of surpassing $140,000 by July." He also analyzed, "As the cycle progresses, Bitcoin will rise at a pace exceeding M2, and when the market reverses, it will fall faster than liquidity." Pal predicted, "When 'FOMO' (Fear of Missing Out) operates in the market, Bitcoin's upward trend will outpace liquidity," adding, "Conversely, if fear spreads, the decline will also be faster than liquidity."

Dan Morehead, CEO of Pantera Capital, predicted that the US government will sell its gold holdings and invest up to $600 billion in Bitcoin (BTC). According to cryptocurrency media outlet CoinDue on the 24th, Morehead recently stated in a speech, "The US has '110 million years' worth of labor wages' buried in gold at Fort Knox, Kentucky," noting, "This is an extremely outdated method, akin to what pharaohs did 40 centuries ago." He emphasized that "this gold will transition to Bitcoin over time." The media added, "This statement reflects the view of Bitcoin as the reserve asset of the digital age and suggests the possibility of a paradigm shift in government financial management." Meanwhile, the 8,133 tons of gold held by the US have been valued at $42.22 per ounce on the books since 1973. When converted to current market prices, the total value would increase more than 70 times the book value. Therefore, some have proposed using the revalued gold to address the US fiscal deficit, a concept known as the 'US Gold Revaluation Theory.'

Following U.S. President Donald Trump's high tariff remarks, major cryptocurrency markets, including Bitcoin (BTC), plummeted, resulting in approximately $500 million worth of long positions being forcibly liquidated within a day. On the 24th (local time), cryptocurrency specialist media CoinDesk, citing CoinGlass data, reported that "following President Trump's tariff remarks, the liquidation of long positions in the derivatives market exceeded $500 million within 24 hours." The liquidation amount for Bitcoin futures was about $181 million, Ethereum (ETH) was about $142 million, and major altcoins such as Solana (SOL), Dogecoin (DOGE), and XRP also saw liquidations amounting to $100 million. The largest single trade liquidation was recorded in the BTC-USDT perpetual futures contract on the OKX exchange, resulting in a loss of approximately $9.53 million. Previously, President Trump announced on his social media platform Truth Social that "from June 1, I propose to impose a 50% tariff on the European Union (EU)." He also warned Apple, "If iPhones are not manufactured in the U.S., a 25% tariff will be imposed." Immediately after these remarks, Bitcoin fell below the $110,000 mark, dropping to around $108,000. Liquidations were also accompanied in major asset markets. The media stated, "Amid expanding ETF fund inflows and institutional interest, a strong shock occurred in the market due to geopolitical variables," and predicted, "As trade war concerns resurface, investors are likely to adopt defensive strategies in the short term."

It has been claimed that global companies will hold half of the total Bitcoin (BTC) supply by 2045. According to cryptocurrency media outlet Cointelegraph on the 24th, Jesse Myers, Bitcoin Strategy Lead at Moon, stated on X (formerly Twitter), "Companies holding Bitcoin will eventually hold more than half of the total supply in the long term," adding, "This far exceeds what most Bitcoin investors imagine." He emphasized, "Currently, Bitcoin accounts for only 0.2% of the world's $100 trillion in assets, but capital movement from fiat-based assets to hard money (Bitcoin and gold) has already begun." He continued, "Bond capital worth $318 trillion is seeking new stores of value," explaining, "In the coming decades, major buyers of Bitcoin will be corporate holders." Meanwhile, Myers also predicted that Strategy (formerly MicroStrategy) will hold a total of $70 trillion worth of Bitcoin by 2045. Currently, Strategy holds approximately 576,320 BTC (worth about $62.2 billion).

It has been observed that the adoption of XRP in Singapore has significantly increased. According to CoinDue, a cryptocurrency media outlet, on the 24th, the Australian cryptocurrency exchange Independent Reserve stated in its '2025 Singapore Cryptocurrency Report' that "Singapore's XRP holdings rose from 14% last year to 17% this year, marking a significant increase. This is the second largest increase among major altcoins." Meanwhile, the altcoin with the largest increase in holdings was Ethereum. The report added, "The holdings of Ethereum (ETH) by Singapore investors increased from 41% to 48%, showing the largest increase, while Solana (SOL) and Dogecoin (DOGE) also rose by about 1-2 percentage points each." This report was based on a survey of 1,500 adults residing in Singapore.

Global cryptocurrency exchange Kraken has officially listed Pi Network (PI) perpetual futures trading. On the 24th (local time), according to cryptocurrency specialist media CoinDue, Kraken Pro launched a perpetual futures product offering up to 20x leverage for PI tokens. This is the first time PI has been listed on a major cryptocurrency derivatives exchange. Previously, on the 23rd, Kraken announced the listing of PI perpetual futures. The media added, "Despite this listing, the PI price has not shown a noticeable uptrend, and market skepticism about the project's decentralization, liquidity, and mainnet delay remains."

An analysis has been raised that Ethereum (ETH) may face strong resistance around $2800. On the 24th, on-chain analysis firm Glassnode stated on X (formerly Twitter) that "the cost basis (average price) level of Ethereum investors is concentrated around $2800." It further warned, "As the price approaches this range, holders who were previously at a loss are likely to sell at the break-even point." Glassnode added that this price range could act as a psychological resistance level for market participants.

With the recent rise in Bitcoin (BTC) prices, the valuation of Bitcoin held by American electric vehicle company Tesla has exceeded $1.25 billion (approximately 1.7 trillion won). According to CryptoPolitan, a cryptocurrency media outlet, on the 24th, on-chain data company Arkham Intelligence revealed that Tesla's BTC holdings amount to approximately 11,900, valued at $1.25734 billion as of the day's market price. Previously, Tesla had liquidated about 75% of its holdings in the second quarter of 2022. Since then, it has repurchased some, increasing its holdings again. The media added, "Led by Elon Musk, Tesla is establishing itself as a representative company with long-term confidence in Bitcoin."

David Sacks, the US White House Cryptocurrency (Crypto) and Artificial Intelligence (AI) Czar, is scheduled to speak at the 'Bitcoin 2025' conference in Las Vegas starting on the 27th. According to cryptocurrency media outlet CoinQu, the 'Bitcoin 2025' conference is set to take place in Las Vegas, USA, starting on the 27th. The event is expected to see the attendance of key industry figures, including David Sacks, the Winklevoss twins, co-founders of Gemini, and representatives from Coinbase. The conference will particularly focus on discussions surrounding US cryptocurrency policies and regulatory directions. The media noted, "There is interest in what stance Sacks will take on the 'Strategic Bitcoin Reserve' being pursued by President Trump," adding, "His remarks could potentially influence the market trends of major cryptocurrencies like Bitcoin and Ethereum."

There is a forecast that Bitcoin (BTC) could continue a longer and stronger upward trend, contrary to the traditional bull cycle theory. According to cryptocurrency media outlet Coinpedia on the 24th, crypto strategist Michael van de Poppe analyzed that "this market is unfolding differently from the traditional 4-year cycle, and the peak could be delayed to 2026 or 2027, not 2025." He projected that Bitcoin could reach $400,000 to $600,000 by next year or 2027. Currently, Bitcoin holds about 64% of the total cryptocurrency market capitalization and has maintained market dominance for over 18 months. Van de Poppe assessed that "this rally is the result of structural changes due to institutional capital inflow, not speculative demand from individual investors." He added that the launch of Bitcoin spot ETFs and increased government interest are the foundations for the continuation of the bull market. If Bitcoin's upward trend continues, the altcoin market is also expected to rebound. He diagnosed that "if this cycle is prolonged, altcoins could show an even stronger upward trend," and "the industry is seeing an expansion of real-use cases and infrastructure improvements."

An analysis has emerged that institutional buying pressure is expanding in the Ethereum (ETH) futures market. On the 23rd, cryptocurrency specialist media CoinDo cited CryptoQuant data, stating, "In the past 30 days, Ethereum futures open interest (OI) on Binance has increased by about 41%, reaching $5.1 billion." Furthermore, "Currently, the total Ethereum futures OI across all exchanges is around $17 billion, with Binance holding a market share of about 30%, the highest among single platforms," it added. CryptoQuant diagnosed, "The surge in OI indicates an upward trend based on structured futures positions rather than simple spot buying pressure." ETH surged approximately 65% from $1,600 to $2,650 during the same period. It continued, "When Ethereum leads the rise, altcoins often follow," predicting that "this breakthrough could be a signal for a future altcoin rotation rally." Meanwhile, open interest refers to contracts in derivatives like futures and options that have not yet been settled. An increase in open interest means that funds are flowing into the market.

Arthur Hayes, co-founder of BitMEX, predicted a bullish trend for Hyperliquid's native token HYPE, setting a future target price of $100. According to CoinDue, a cryptocurrency-focused media outlet, Hayes mentioned on X (formerly Twitter) on the 23rd, "There's no better promotion than this. Let's take HYPE to $100." Following this statement, HYPE surged 17% within 24 hours, reaching $32.50. Hayes also mentioned that trader James Wynn initiated a $1.1 billion Bitcoin long position using 40x leverage on the Hyperliquid platform. He assessed, "Such a large position demonstrates the top investors' trust in the platform." The media reported, "Hyperliquid has recently been gaining rapid attention among advanced traders due to its low latency, non-custodial structure, and deep liquidity."

Approximately $2.8 billion worth of Bitcoin (BTC) options contracts are set to expire on the 24th (local time), raising concerns about short-term volatility in the market. According to the cryptocurrency media outlet CryptoEconomy.com on the 23rd (local time), $2.8 billion worth of Bitcoin options will expire on the 24th. The max pain price is set at $103,000. Typically, coin prices tend to move towards the max pain price, which is the price at which the most options contracts are liquidated. This suggests a potential decline considering the difference from the current price. The media added, "In the options market, there are approximately $1 billion worth of call options open interest concentrated in the $110,000 to $130,000 range," noting that the current price acts as a trigger for short-term adjustments and, conversely, could serve as a starting point for further gains."

Scott Besant, the US Treasury Secretary, stated that most countries, excluding the European Union (EU), are sincerely engaging in trade negotiations. According to economic news channel Walter Bloomberg on the 23rd, Secretary Besant said, "Most countries, except the EU, are negotiating in good faith, and more agreements are expected to be announced within the next 90 days." On this day, Bitcoin, which had fallen to $107,300 following President Trump's tariff remarks, successfully rebounded and recovered to $109,000.

Michael Saylor, CEO of MicroStrategy, projected a long-term bullish outlook for Bitcoin (BTC) despite U.S. President Donald Trump's high tariff remarks. On the 23rd, Saylor stated on X (formerly Twitter), "No Tariffs on Bitcoin." Earlier that day, President Trump proposed imposing a 50% high tariff on the European Union starting next month. Following this statement, global stock and asset markets have shown mixed trends.

Following U.S. President Trump's proposal of tariffs on the European Union (EU), Bitcoin (BTC) has shown a short-term decline, according to analysis. On the 23rd, cryptocurrency analyst Dan Crypto Trades stated, "Bitcoin broke through the compression zone due to Trump's remarks today," adding, "The market is reflecting the resurfacing trade uncertainty." Earlier that day, President Trump proposed imposing a high tariff of 50% on the European Union starting next month. Subsequently, global stock and asset markets have shown mixed trends. Dan added, "The global market does not seem to welcome this news," and "It is crucial to see where Bitcoin stabilizes today and how it performs relative to stocks amid the resurfaced trade uncertainty."

US Nasdaq-listed company Semler Scientific recently announced the purchase of an additional 455 Bitcoins (BTC) for approximately $50 million. On the 23rd, Eric Semler, CEO of Semler Scientific, stated on X (formerly Twitter), "We purchased 455 Bitcoins for $50 million, and the BTC return since the beginning of the year is 25.8%." He added, "Our total Bitcoin holdings are currently 4264 BTC. The flywheel is in motion." The flywheel refers to a virtuous cycle where asset accumulation accelerates through repeated profit generation and reinvestment.