ETFs break 8-week losing streak

1 Bitcoin is nearing a power law support line Fidelity has tracked since 2015

Historical data shows this line has acted as a floor during previous cycles. A bounce here would confirm long-term accumulation, while a break below signals deeper correction risk.

Track the 4-hour close relative to the power law line. A sustained hold confirms support; a daily close below triggers the next support level.

2 Circle won final federal approval for its national trust bank, starting with custody.

This is a big deal. Circle isn't just a stablecoin issuer anymore; they're a regulated bank. This bridges the gap between TradFi and DeFi custody. It legitimizes USDC in a way that "we have reserves" never could. Expect other issuers to scramble for their own banking charters.

Watch for announcements of major institutions moving custody to Circle within 60 days. If TVL doesn't shift, the market doesn't care yet.

3 Robinhood Chain TVL surged 356% this week as capital rotates into the new L2.

Money moves where the yield is. A 356% jump isn't organic growth; it's a liquidity migration. Traders are chasing the new hot thing, likely fueled by incentives or airdrop speculation. The flip side is that OP Mainnet bled 16% of its TVL. This is a zero-sum game for L2 s right now.

If Robinhood Chain TVL holds above $1B for 7 days, the liquidity retention is real. If it dumps 50% in a week, it was mercenary capital.

4 Lending protocol Bonzo lost 77% of its value locked in a $9M oracle exploit on Hedera.

Oracle exploits are the silent killer of DeFi. The code was fine; the data feed was lied to. This is the third major oracle exploit this quarter. Developers are learning the hard way that decentralizing everything doesn't work if your price source is centralized.

Check if other protocols on Hedera pause or post audits this week. If they don't, the contagion risk remains high.

5 The deadline for the BIP-110 fork proposal is approaching, and miner support is sitting at zero.

This proposal is dead on arrival. When miners signal zero interest, a fork usually dies in the crib. The market is ignoring this, which makes sense. No upgrade means no drama, just status quo. For Bitcoin maximalists, no news is good news.

If hash rate suddenly shifts or a major mining pool voices support, the narrative flips. Until then, treat BIP-110 as noise.

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