分析：市场情绪逐步企稳，下行风险有所缓和

European Bitcoin Reserve Strategies Diverge from MicroStrategy Model as Local Approaches Gain Traction

European enterprises face unique regulatory challenges compared to the U.S. in issuing financial instruments, leading them to adopt localized strategies for bitcoin investments. Major European bitcoin-holding companies are significantly smaller than U.S. firms.

Bitcoin ETFs See $291 Million Outflow as Ether Gains $9 Million

Bitcoin exchange-traded funds (ETFs) opened the week with heavy outflows, reversing last week’s momentum. Ether ETFs posted modest gains, while XRP declined, and solana activity stalled. Key Takeaways: Bitcoin ETFs saw $291.11 million outflows led by Fidelity FBTC, signaling renewed caution. Et

Adam Back 倡导可选量子抗性升级方案，反对 BIP-361 强制冻结计划

Blockstream 首席执行官 Adam Back 在巴黎区块链周支持对比特币进行一项可选的量子抗性升级，反对 BIP-361 提案中冻结量子易受攻击地址的做法。他强调，要采取主动的措施，而不是在危机中被动应对。

卡托研究所批评美国比特币税收规则，称其成为支付障碍，并呼吁改革

卡托研究所批评美国的比特币税收政策，认为这会使交易变得复杂，并阻碍采用。他们提出改革方案，例如取消对小额加密货币支付征收资本利得税，并提高豁免门槛，以提升可用性。

不丹在 24 小时内售出 18.46M 美元 BTC，$264M 持仓仍在

不丹近期出售了约 18.46 million 美元的比特币，保留了约 3,524 BTC，按当前价值约为 $264 million。其策略已从通过水电挖矿进行积累，转为主动清算；截至 2026 年已售出 $198 million。若继续出售，预计到 2026 年 9 月其持仓可能会大幅减少。

Central African Republic Approves Cryptocurrency Regulation Bill, Not Bitcoin Legal Tender

The Central African Republic's parliament approved a cryptocurrency regulation bill, legalizing its use in financial markets while imposing strict penalties for offenses. The regulation aims to streamline remittances and provide access to digital currencies, despite concerns over crime and donor disbursements.