Hyperliquid’s new policy center, OpenAI’s EVMbench security launch, and Solana’s critical $80 support test signal a major regulatory and technical shift as Bitcoin nears a decisive breakout. Bitcoin has been consolidating within a tight range of $65K to $70K over the past two weeks, with the current market structure indicating extreme volatility compression, suggesting a decisive breakout is imminent. From a technical perspective, the one-hour chart shows a descending channel with a clear bullish divergence in the Relative Strength Index (RSI), signaling that short-term selling pressure is gradually fading. Despite a minor price correction, aggregate open interest in the futures market has grown 3% to USD 15.50 billion over the past two days, while the funding rate has ticked higher to 0.046%, reflecting increased long positioning near the $66K level. Analysts point out dense liquidity clusters below $66K and above $71K; if Bitcoin can successfully hold above $68K, it may challenge the external liquidity zone at $71,500. Conversely, a break below $66K could invalidate the bullish divergence and trigger a retest of deep support between $62K and $60K.

Ethereum’s market performance appears relatively weak, with a classic bear pennant structure forming on the daily chart, typically forecasting a continuation of the downtrend. As network activity drops significantly, ETH faces severe challenges, with daily transaction volume shrinking 33% from 2.9 million in early February to 1.95 million. Furthermore, the Total Value Locked (TVL) within the Ethereum ecosystem plummeted from USD 70 billion to USD 54.50 billion in just two weeks, a decrease of over 22%. Derivatives data is equally discouraging, with global ETH investment products recently recording USD 85.10 million in net outflows. Technical analysis suggests that if ETH fails to maintain the $1,950 key support level, the pennant’s measured target could see prices correct further to $1,100, unless bulls can swiftly reclaim $1,800 to invalidate the bearish setup.

According to the latest Coinglass data, the crypto market saw USD 224 million in total liquidations over the past 24 hours, with long liquidations reaching USD 162 million and short liquidations at USD 62.33 million, as 97,394 traders were cleared out. Regarding specific assets, Bitcoin saw USD 57.35 million in long liquidations and USD 20.91 million in shorts, while Ethereum recorded USD 42.11 million in long liquidations and USD 17.39 million in shorts. Notably, the largest single liquidation event occurred on a major CEX in a BTC/USDT pair, valued at USD 11.87 million. While the leverage has been intense, it has effectively reduced systemic risk and created conditions for the market to find a new equilibrium, though investors should remain vigilant regarding liquidity shifts in high-leverage zones.

Key News Highlights:

Hyperliquid Launches Policy Center to Advocate for DeFi Regulatory Clarity

Decentralized exchange Hyperliquid has officially launched the Hyperliquid Policy Center in Washington, D.C., aiming to drive policy reforms in Congress to benefit the growth of decentralized finance. The organization is led by CEO Jake Chervinsky, a veteran crypto lawyer and former policy chief at the Blockchain Association. The center’s core mission is to advance a clear, regulated path for DeFi to thrive in the United States, with a specialized focus on perpetual derivatives and blockchain-based financial infrastructure. Hyperliquid stated that this is a critical time for U.S. crypto policy, as traditional financial institutions accelerate the adoption of blockchain products, making it essential for the U.S. to embrace innovation to maintain global competitiveness. To fund the launch, the Hyper Foundation has committed 1 million HYPE tokens, hoping to provide DeFi with a unified voice amid current legislative stalemates.

OpenAI Releases EVMbench to Evaluate AI Impact on Smart Contract Security

AI giant OpenAI, in collaboration with Paradigm and OtterSec, has released the "EVMbench" report, a benchmark designed to evaluate the ability of various AI models to detect, patch, and exploit vulnerabilities in smart contracts. Test results showed that Anthropic’s Claude Opus 4.6 topped the rankings in "detect awards," followed by OpenAI’s OC-GPT-5.2 and Google’s Gemini 3 Pro. OpenAI emphasized that as agentic AI payments and stablecoin transactions become more widespread, evaluating model performance in economically meaningful environments is vital. Industry leaders like Circle CEO Jeremy Allaire predict that billions of AI agents will use stablecoins for transactions within five years, positioning crypto as the native currency for AI. Drawing from 120 real-world vulnerabilities, EVMbench aims to help developers track AI progress in identifying contract risks at scale, ultimately enhancing the security of the DeFi ecosystem.

Weak On-chain Metrics Put Solana’s $80 Support to the Test

Solana (SOL) has shown sluggish price action recently, with multiple recovery attempts rejected near $89 as the token struggles to hold the critical $80 support. Market data reveals that SOL futures open interest has plummeted 75% from its peak of USD 13.50 billion five months ago, indicating that traders are exiting the market rather than opening new positions. More concerning is the decline in Solana’s weekly dApp revenue to USD 22.80 million, the lowest level since October 2024, with nearly 40% of that revenue generated by a single memecoin launchpad. This highlights the ecosystem's heavy reliance on retail speculation. In contrast, Ethereum’s revenue remains anchored in mature DeFi infrastructure like Aave. Additionally, SOL spot ETF inflows lag significantly behind Ethereum’s USD 15.80 billion scale, as institutional demand remains cautious. Without a breakthrough in AI infrastructure or prediction markets, weak derivatives and on-chain metrics may trigger further downside.

Disclaimer: The information provided in this section is for informational purposes only and doesn't represent any investment advice or FameEX's official view.