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Backpack CEO Armani: Actively deploying compliance systems to cover both crypto services and traditional financial services in the future Backpack CEO Armani revealed in a community AMA that Backpack is actively developing a compliance system, which will cover both crypto services and traditional financial services in the future. In addition, Armani also shared Backpack's vision - to become the preferred financial service provider for global users, and introduced that the name of Backpack was inspired by the "backpack" item of the "World of Warcraft" character. He said: "In the crypto world, Backpack has become a carrier of crypto assets, a tool that can carry credit cards, cash, and even all important items, allowing people to carry it around the world and embark on an adventure. Backpack represents freedom, self-sufficiency and the spirit of exploration. This is not only the name of a fintech product, but also a symbol of the new generation of global financial institutions that we hope to create."

EigenLayer Adds Key ‘Slashing’ Feature, Completing Original Vision EigenLayer CEO Sreeram Kannan. (Bradley Keoun)

RWA's Wall Street 2.0 vision: Becoming a bridge for large funds to enter the market under the new compliance environment Build patiently and wait for the outbreak.

Bitcoin continues to climb, gaining over 10% in the past week. Yet beneath the surface, a deeper transformation is underway in the crypto market. As observed by Ki-Young Ju, CEO of CryptoQuant, the era of value-driven investment seems to have faded. He observes that since 2018, many original long-term crypto believers have either left the market or shifted to seeking short-term profits. The focus now, Ju argues, involves fast, speculative capital chasing quick returns across a volatile landscape, with potentially less commitment to the long-term vision for many projects beyond Bitcoin itself. Related: This Bitcoin 2016 Fractal Could Send XRP Price Towards $6: Analysis Ju points out that over the years, Web3 projects have struggled to achieve meaningful adoption. Consequently, builders and investors alike face increasing pressure. Most projects no longer attract dedicated backers, and even the strongest believers are showing signs of fatigue. Related: Q2 Bitcoin Outlook Brightens on Favorable Macro Shifts, Technical Strength With the flow of capital moving rapidly between assets, often with little fundamental support, the nature of crypto investing has become transactional. Ki-Young Ju notes that today’s environment rewards speed over conviction, creating an atmosphere that leaves little room for patient innovation. Additionally, the cyclical nature of Bitcoin’s supply and demand further complicates things. Historical analysis of Bitcoin’s price versus its 365-day moving average signal reveals a predictable rhythm. Peaks near the 0.6–0.8 signal range have consistently marked overbought phases. In contrast, troughs around -1.2 tend to precede major rallies, marking accumulation zones. The current upward trajectory in this signal suggests increasing demand. However, it has not yet reached historically significant peaks, hinting that Bitcoin could still have room to grow, possibly toward the $100,000 level. According to analyst Ali Martinez, Bitcoin is currently trading within a horizontal channel. The price recently bounced off the key support level of $83,200. This reaction suggests strong buying interest and may lead to a retest of resistance near $84,500. Should momentum continue, Bitcoin could break toward the upper boundary near $85,800 . A confirmed move beyond that level would indicate a bullish trend continuation. As of press time, Bitcoin trades at $84,830.17 with a daily volume exceeding $23 billion. The current trend shows resilience, even as broader investor behavior shifts. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Base scrutinized over promotion of token that briefly crashed 95%; says part of 'contentcoin' vision