
This week saw a long-awaited moderate rebound, with global market cap rising 2.17% and ETF flows turning positive. However, the sentiment index remains at 9 (Extreme Fear), indicating that market confidence will take time to recover. New stablecoin issuance reached $2.69B (all USDC), up 28.83% week-over-week, accumulating momentum for a potential rebound. On-chain performance showed increasing divergence: Solana led with 38.5% growth in DEX volume, BNB Chain surged 85.9%, and Base overtook Arbitrum to claim the top spot in L2 market share. Despite extreme fear, structural recovery signals are emerging across the ecosystem.

Spot Copy Trading allows users to follow the publicly available spot trading activities of selected traders based on their own judgment. Under the spot trading scenario, users may independently choose a trader to follow, and the system will automatically execute corresponding buy or sell orders according to the parameters preset by the user.

GemW is an intelligent on-chain trading platform that focuses on early-stage on-chain assets and popular Meme tokens, with the goal of making decentralized trading simpler, smarter, and easier to participate in.

Spot trading refers to the buying and selling of crypto at the current market price (spot price). Once an order is filled, the corresponding assets are usually delivered immediately. Users may also place orders in advance so that trades are automatically executed when the price reaches a specified spot price.

USDT-Margined Perpetual Contracts are crypto derivatives designed for crypto trading. Similar to traditional futures contracts, they have no expiration or settlement date and allow users to hold positions as long as margin requirements are met.

CoinW OTC (P2P) Trading Platform provides users with efficient and convenient digital asset matchmaking and transaction support services. Our platform conducts identity verification and basic information reviews for merchants applying to join, and implements dynamic management based on merchants’ trading behavior, user feedback, and other relevant factors to enhance the overall credibility of the trading environment.

Market sentiment deteriorated further into "Extreme Fear" this week (index 9), with global market cap falling below $2.3 trillion. However, capital flows and on-chain activity reveal clear structural divergence: all new stablecoin issuance came from USDC ($2.088B), indicating compliant capital is still cautiously positioning amid risk-off sentiment. Solana's daily active addresses grew against the trend, with DEX volume remaining the highest, while Aptos also showed strong user activity. Despite broader market pressure, the resilience within specific ecosystems is accumulating strength for the next market phase.

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