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Foresight News reported, citing Shanghai Securities News, that a series of policy signals indicate that the development of digital RMB has entered a critical transition period from pilot exploration to system improvement. Analysts believe that the current positioning of digital RMB as M0 (currency in circulation) has gradually revealed many limitations in practice, such as the non-interest-bearing feature leading to insufficient user willingness to hold, and the separation from the banking account system exacerbating usage difficulties. Therefore, shifting its positioning to M1 is seen as key to solving the above issues. Liu Xiaochun, Deputy Director of Shanghai New Finance Research Institute and Deputy Director of China Financial Research Institute at Shanghai Jiao Tong University, stated that there are two envisioned paths to achieve this transformation: one is to directly promote the digitization of deposits, converting personal savings and corporate deposits into digital M1, thereby achieving seamless integration between bank accounts and digital wallets. The other is to introduce a new dedicated savings form, allowing funds to be transferred from existing deposit accounts to digital wallets, but still included as on-balance-sheet liabilities of commercial banks, with interest calculated at the demand deposit rate or a slightly lower rate.

According to ChainCatcher, monitored by Lookonchain, the address "1011short" has deposited approximately 20 million USDC into HyperLiquid to continue increasing its position. The current holdings are: 600 BTC (approximately $60.9 million), entry price $104,785.9, liquidation price $43,160.57; 13,000 ETH (approximately $43 million), entry price $3,444.81, liquidation price $593.38. Previously, multiple increases in holdings have pushed the total long position size to about $103 million.