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The decentralized trading protocol Metric has officially launched, allowing users to exchange tokens, provide liquidity, and deploy their own liquidity pools. Metric is currently available on Robinhood Chain, BNB Chain, and Ethereum.

Metric announced on X that it will launch its decentralized exchange on the BNB Chain, stating that related products are about to go live.Metric introduced that this DEX includes Active Pools and propAMM infrastructure, aimed at building on-chain markets for tokenized stocks and RWAs. Metric also stated that all related transactions will be completed on-chain, with pricing corresponding to real-world prices.

Jeffrey Park, Partner and Portfolio Manager at ParaFi Capital, stated that Anthropic should not proceed with an IPO based on current metrics. He mentioned that the power of American capitalism is built on a social contract: if humanity must bear its risks, the public should also share in its prosperity, rather than just footing the bill.Jeff Park pointed out that Anthropic is valued at $2 trillion but is held by only about 300 private investors. If it goes public, early growth profits will have already gone to a few private holders, while the public will have to bear the risks. In contrast, Meta is owned by over 5,000 institutions and millions of retail investors, with Facebook going public at a $100 billion valuation, allowing the public to share in a tenfold return after the IPO. He also noted that Anthropic's prospectus includes 80 pages of risk factors, warning that its technology could pose "catastrophic or existential risks." He argued that if these risks are real, the company should be partially nationalized rather than sold to retail investors; otherwise, it should remain private and self-finance until it achieves sustainable profitability.

U.S. Treasury Secretary Basant's public pressure campaign to promote the appreciation of the yen has heightened market expectations for the Bank of Japan to take monetary tightening actions. He claimed to have "asymmetric information" regarding the Bank of Japan's next steps and referred to himself as a "big player."Market expectations indicate a 25 basis point interest rate hike next week, and Basant's remarks highlight his level of involvement in the formulation of Japan's economic policy.

According to PR Newswire, AI infrastructure company Neurometric AI announced the completion of a $4 million financing round, with participation from Betaworks, ex-Ante, Everywhere.vc, and others.The company disclosed that it has officially launched an automated Token engineering platform to optimize the cost and performance management of AI Agent workloads, and the new funds will be used to expand the engineering and AI research teams.

Crypto analyst Ali Charts posted that Bitcoin is about to break through. Currently, attention is focused on the symmetrical triangle structure forming for BTC, with resistance at $63,000 and support at $61,000. This range will determine the direction of the next move. If BTC effectively closes outside this range on the hourly chart, a price expansion of about 10% may be triggered as momentum is released. It is essential to closely monitor the volume changes near the boundaries of this range to capture early signals of a sustained breakout.

Zach Pandl, the head of research at Grayscale, stated that on-chain valuation metrics indicate that Bitcoin is currently undervalued, but it has not reached the cheapness of previous cycle bottoms. He noted that this bear market may be shallower than past ones due to the smaller gains in the previous bull market, along with improvements in market structure such as ETP availability, wealth platform deployment, and institutional adoption.Zach believes investors can focus on two major short-term catalysts: the progress of the Senate's "Clarity Act" and whether leveraged Bitcoin holders can stabilize their balance sheets. He remains optimistic about the "Clarity Act," but predicts that market signals show a low probability of the bill passing. Pandl believes the current price levels provide long-term investors with an opportunity to accumulate positions in batches, while short-term traders may wait for developments on the bill.

ZachXBT posted on platform X criticizing Sam Altman's associated project World (formerly WorldCoin), questioning its practice of obtaining biometric data from users in low-income countries in exchange for distributing WLD tokens.He also criticized the low circulation token design of WLD, stating that the related identity verification system has led to a black market for verified accounts, and questioned the token inflation mechanism and the issue of off-exchange holdings circulation.

According to Cointelegraph, Coin Metrics pointed out that since Ethereum completed the Fusaka upgrade in December 2025, network fees have significantly decreased, making on-chain operations more convenient. Currently, Ethereum's daily transaction volume has exceeded 2 million, and the number of active addresses has increased by 60% compared to previous averages.Coin Metrics noted that the low Gas fees have led to a surge in "dusting attacks": such stablecoin (USDC and USDT) "dust transactions" currently account for about 11% of Ethereum's total transaction volume and 26% of daily active addresses. Before the upgrade, "dust transactions" only accounted for 3%-5% of the transaction volume, and this proportion has increased by 2-3 times after the upgrade. "Dusting attacks" refer to hackers sending small amounts of tokens to random addresses to track wallets or cause network chaos.

Despite a recent 17% drop in ETH prices, various metrics of the Ethereum network remain high. Marius Van Der Wijden, a core developer at the Ethereum Foundation, stated that the market often struggles to accurately reflect the on-chain technological fundamentals.Messari analyst Sam Ruskin pointed out that the Ethereum TVL, when measured in ETH, is close to its all-time high, indicating that capital has not flowed out of the ecosystem. Additionally, the queue time for ETH staking entry is about 70 days, showing that institutional demand for locked funds remains strong. Mike Silagadze, CEO of ether.fi, mentioned that user numbers and revenue are still growing, while token prices are lagging behind. Marcin Kazmierczak, CEO of RedStone, believes that the current decline is more of a market noise and that the fundamentals have not weakened.

According to The Block, the open-source cryptography company Zama has officially launched its native token ZAMA, which will gradually be listed on exchanges such as Coinbase and Binance.The team stated that this marks the first deployment of fully homomorphic encryption technology at production scale on the Ethereum mainnet, aiming to address the trade-off between privacy and open participation in public chains. At the same time, Zama has introduced a new privacy metric called Total Value Shielded (TVS), which measures the total economic value kept private on-chain through cryptographic techniques.

According to data shared by @jonbma, CEO of blockchain data provider Artemis, Solana is set to become one of the most widely used chains by 2025. Solana ranks first in key chain metrics:Monthly active users: 98 million users (about 5 times that of Base);Number of transactions: 34 billion transactions (about 18 times that of BNB);Total transaction volume: $1.6 trillion (about 1.7 times that of ETH);Application fees: $5 billion (about 2 times that of ETH);Revenue: $1.5 billion (about 2.4 times that of TRX).

The on-chain analysis platform CryptoQuant stated that the Bitcoin SOPR ratio (LTH-SOPR / STH-SOPR) has dropped to 1.35, marking the lowest level since the beginning of 2024. This decline coincides with Bitcoin's price retreating to the level of $89,700. A higher ratio typically indicates that long-term holders (LTH) are actively taking profits compared to short-term holders (STH).The sharp drop in the ratio to 1.35 suggests that the large-scale distribution phase of older coins has significantly subsided. The actual profit gap between seasoned investors and newcomers is narrowing. This decline indicates that the market is undergoing a large-scale "reset." The speculative bubble that previously drove the ratio to soar has been cleared. Historically, when the SOPR ratio falls to these lower limits during an overall bull market cycle, it usually signals that selling is about to exhaust. If the ratio stabilizes or rebounds from the level of 1.35, it may indicate that a local bottom is forming, laying a more solid foundation for the next upward movement.

Alliance DAO co-founder QwQiao posted on platform X, stating that the most objective metric for measuring a "moat" is the cost/revenue ratio; other metrics are vanity metrics. If your business has a lasting "moat" and is in a growing market, then revenue should continue to grow. Conversely, if there is no "moat," you will either lose market share or can only maintain market share through price wars. Both scenarios will lead to costs stagnating or even declining over time.QwQiao emphasized that a business lacking a moat does not mean it has no value. It simply means that it is passing value to customers rather than keeping it for itself. In fact, this is true for the vast majority of businesses in the world.