This morning's market is again all green, indicating that the market correction is still ongoing.

What is the current price? BTC is hovering around $87,053, down 2.35% over the past day; ETH has fallen more sharply, around $2,929, with a 24-hour decline of 2.53%; other mainstream cryptocurrencies are not doing much better—BNB down 2.07%, DOGE even down 3.23%, and SOL's performance is the worst, with nearly 4.64% drop in a single day.

However, there are some interesting developments in the blockchain space. The Ethereum validator ecosystem has recently been lively, with the queue length approaching twice the length of the exit queue for the first time, hitting a six-month high. What does this indicate? Staking demand is heating up again. It is understood that institutions like BitMine are driving this wave, and the support from the Pectra upgrade has also played a significant role.

Additionally, worth noting are the regulatory developments in South Korea. The Korean government is refining the "Basic Act on Digital Assets" (the second phase of legislation on crypto assets), planning to introduce a no-fault damage compensation system, and establishing a bankruptcy risk isolation mechanism for stablecoin issuers. This is a positive signal for investor protection, but there are still considerable disagreements among government departments regarding core issues such as the issuer of stablecoins.