Gate Research Daily Report: On June 25, the crypto market continued its recovery as BTC rebounded from 98,000 USDT, forming a V-shaped structure, while ETH remained in a consolidation pattern. Market sentiment has shifted toward greed. Among top-performing tokens, CFG surged 16.8% as renewed attention focused on its tokenized U.S. Treasury fund JRTSY. APT rose over 12% driven by the launch of its new project “Shelby,” and VELO gained nearly 9% following its cross-border product expansion with Solana. Solana’s CME futures volume hit a record high, signaling increased institutional activity. Meanwhile, the BIS criticized stablecoins for lacking core monetary attributes and advocated for a unified ledger and tokenized central bank assets. Ethereum developers proposed reducing block time to 6 seconds to enhance performance and lower costs.