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Jinse Finance reported that Citibank released a report indicating that the recent record surge in Ethereum trading volume and active addresses does not represent healthy growth. Analysts believe that the vast majority of new transactions are less than $1, which is characteristic of "address poisoning" scams. Scammers take advantage of Ethereum's low transaction fees to send tiny amounts of tokens to a large number of wallets with addresses that closely resemble those frequently used by users, attempting to trick users into making mistaken transfers later. Research shows that about 80% of newly active addresses are related to small stablecoin transfers. Citi pointed out that this growth, driven by malicious activity, contrasts with the declining activity trend of Bitcoin, and also explains why ETH has recently underperformed BTC in price.

Jinse Finance reported that the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) will hold a joint event next week to showcase the collaborative advancement of crypto policies by the two major regulatory agencies. With Trump-appointed CFTC Chairman Mike Selig taking office, SEC Chairman Paul Atkins will join him to elaborate on how the two agencies will work together to implement the Trump administration's pro-crypto policy agenda. In a joint statement, both parties pointed out that market participants have long been forced to deal with unclear boundaries and imbalanced regulatory fragmentation. This event aims to promote regulatory coordination, ensure that crypto innovation develops within the U.S. legal framework, and serves investors, consumers, and the competitiveness of the U.S. economy. The two chairmen will also engage in a dialogue on the formulation of digital asset regulatory rules, which is seen as the latest progress in the ongoing regulatory coordination between the SEC and CFTC, and a move to downplay long-standing regulatory differences.

According to Odaily, crypto asset custody company BitGo Holdings was listed on the New York Stock Exchange on Thursday, with its stock price experiencing significant volatility on its first day of trading. The company's Class A shares (BTGO) surged rapidly after the opening, soaring as much as 36% to $24.50 during the session, but later gave back most of the gains. BitGo's IPO was priced at $18 per share, raising approximately $213 million in total, with the company's overall valuation exceeding $2 billion. By the close, BTGO was at $18.49, up about 2.7% for the day; in after-hours trading, the stock price fell back to around $18.35, essentially returning to the IPO price. Market participants pointed out that the sharp volatility on BitGo's first trading day reflects investors' strong interest and divergent expectations regarding crypto infrastructure companies. Meanwhile, peers such as certain exchanges and custody institutions are reportedly also evaluating the possibility of launching IPOs this year.