Cryptocurrency circles have indeed been extremely hot recently. Bitcoin just celebrated its 17th birthday with a strong rebound, rising 2.5% in a single day. Even more impressive is that ETF net inflows reached $471 million in one day, clearly indicating that significant capital is fiercely defending the $89k level.

Ripple's performance is even more remarkable, surging 8% to break through the $2 mark, with its market cap surpassing BNB to become the third-largest asset, a thorough comeback. Correspondingly, the XRP ETF has also attracted a lot of hot money, with total net inflows reaching $1.18 billion. This momentum clearly reflects a consensus among many investors.

What's more interesting is the action in Japan. The authorities just announced a new crypto policy direction, cutting capital gains tax to 20%, which is definitely a major positive for the entire industry. Additionally, they decided to support securities exchanges in integrating crypto trading services, signaling a fundamental shift in Japan's attitude toward digital assets. Institutional participation will likely increase further. Small tokens like SHIB are also rising along with the market, and overall market sentiment is quite heated.