This week's crypto market news is dense, with several noteworthy details:

**Whale and Project Actions**

A whale with $259 million has been very active recently—using 10x leverage to long the leading privacy coin ZEC, and simultaneously 20x long positions on BTC, ETH, SOL, and XRP. Currently, the unrealized profit has reached $14 million. On the other hand, small retail investors also have interesting stories: some minor shareholders of certain projects have achieved 22x returns (initial investment of $2 million), while another grassroots community coin player turned $7 million into a 35x gain. There’s also an institutional-level project that has achieved an 85x curve—these are all recent real events.

**Platform and Product Innovation**

Platform X is testing a feature called Smart Cashtags, which essentially allows trading directly on social media—binding information flow and trading depth together. CZ, as a shareholder, probably needs to follow up with some ecosystem integration on BNB.

The Pump project is also continuously iterating, shifting from a single-point revenue model to a multi-user profit-sharing mode, currently supporting 10 wallets sharing transaction fees. This reform indicates that the project team is still carefully refining the product and not rushing to rug.

**Policy Window**

South Korea has just lifted a 9-year ban on corporate crypto, allowing institutions to invest in the top 20 cryptocurrencies, with a maximum single investment ratio of 5%. What does this signal mean? Everyone knows it well.