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QCP: Ethereum regains market attention, limited progress in US-China trade negotiations.
Odaily News QCP stated that Bitcoin briefly broke through $110,000 against the backdrop of the resumption of US-China trade negotiations, but market enthusiasm quickly waned due to the lack of substantial breakthroughs. Meanwhile, Ethereum is quietly regaining narrative dominance, with its implied volatility rising and options skew turning bullish, while ETF inflows are significant (last week $281 million, yesterday $52.7 million), indicating a resurgence of institutional investor interest. As the GENIUS bill advances in the US Senate, discussions on Circle's IPO restart, and stablecoins receive regulatory support, Ethereum's role as a tokenization and settlement infrastructure may usher in structural upside opportunities.