Zora launched Attention Markets on Solana, Quantoz gained Visa membership, and the CFTC defended prediction markets, signaling shifts in social trading, payments, and regulation. Over the past 24 hours, the crypto market has continued to trade within a compressed range, with Bitcoin consolidating between the key $65K to $70K zone. While Ethereum has hovered narrowly around $2,000,  derivatives positioning adjustments and liquidation pressure remain the dominant drivers of short-term price action. Technically, Bitcoin remains capped within the 200-week moving average range, with $70K acting as a near-term structural resistance level, while the $65K to $63K area has developed into a dense cost-basis cluster that the market is closely watching as a potential medium-term support line. If price decisively breaks above $70,953, cumulative short liquidation intensity across major CEX platforms could reach USD 1.393 billion, potentially amplifying upside volatility through squeeze dynamics. Conversely, a breakdown below $64,279 would expose cumulative long liquidation intensity of USD 1.096 billion, suggesting that leveraged positioning still carries downside cascade risk. On the Ethereum side, price action between $1,900 and $2,100 has formed a two-way liquidation concentration zone. A move below $1,899 would trigger cumulative long liquidation intensity of USD 758 million across major CEX venues, while a breakout above $2,092 would expose USD 625 million in short liquidations, highlighting an ongoing high-leverage standoff structure. In the past 24 hours, total liquidations across the market reached USD 195 million, including USD 136 million in long liquidations and USD 58.8811 million in short liquidations, indicating that risk capital continues to prioritize deleveraging and position rebalancing.

Key News Highlights:

Zora Launches Attention Markets On Solana, Sparking Ecosystem Discussion

Decentralized SocialFi platform Zora announced the launch of its new Attention Markets product on Solana, enabling users to trade tokenized exposure to keywords, topics, hashtags, and emerging trends by converting online attention into tradable instruments. The platform allows users to create Trends and corresponding trading pairs, with certain structures offering creator rewards, alongside a real-time profit and loss dashboard for performance tracking. Zora stated that deploying a Trend requires 1 SOL as a threshold mechanism to discourage spam. Following the announcement, the ZORA token rose 6.2% over the past 24 hours to $0.022. The move also triggered discussion within the Base community, where some developers expressed disappointment over the perceived shift in product focus toward Solana, while other ecosystem participants noted that Zora’s creator tools remain operational on its previous network. The company has not issued any formal statement regarding a migration, but its recent community positioning and job postings have drawn market attention.

Quantoz Gains Visa Membership, Advancing Stablecoin-Linked Card Payments

Dutch electronic money institution Quantoz Payments has become a principal member of Visa, enabling it to issue virtual debit cards backed by its regulated e-money tokens USDQ, EURQ, and EURD, while also acting as a BIN sponsor to provide card issuance services to fintech partners across Europe. The company holds an Electronic Money Institution license from the Dutch central bank, with its tokens issued under a 1:1 reserve structure within the European Economic Area and safeguarded through segregated custody arrangements, alongside an additional minimum 2% reserve buffer requirement. In recent years, Visa has expanded its stablecoin settlement capabilities by integrating multiple public blockchains and supporting various dollar- and euro-denominated stablecoins for cross-border transactions. Quantoz and Visa have not yet disclosed launch timelines or named initial fintech partners, but the partnership is widely viewed as a structural milestone in the convergence of regulated stablecoins and mainstream payment networks.

CFTC Chair Reaffirms Federal Jurisdiction In Response To State-Level Lawsuits

Michael Selig, chair of the US Commodity Futures Trading Commission, stated that the agency has filed an amicus brief to defend its exclusive jurisdiction over prediction markets, responding to legal challenges brought by multiple states against event contract platforms. Selig emphasized that prediction markets fall within the scope of derivatives markets and have been regulated by the CFTC for over two decades, adding that any state-level attempts to challenge federal authority would be addressed through the judicial process. In recent weeks, several state regulators have initiated legal actions against related platforms, while some platforms have filed counterclaims. Additionally, 23 US senators sent a letter urging the CFTC to refrain from intervening in ongoing litigation and to ensure that its actions align with congressional intent. Market participants are also monitoring the progress of a digital asset market structure bill under review in the US Senate, though it remains unclear whether sufficient support exists for passage at this stage.

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