1. Bitcoin breaks through $96,000, sparking market discussions, analysts predict it could reach an all-time high.
The price of Bitcoin has broken through the $96,000 mark, sparking heated discussions in the market. Analysts predict that if the current upward trend continues, Bitcoin could reach an all-time high of between $135,000 and $175,000 in the next 100 days. This prediction is based on trend analysis, seasonality, and market volatility data.
The surge of Bitcoin is primarily driven by institutional adoption and mainstream awareness. An increasing number of institutional investors and companies are beginning to accept Bitcoin, viewing it as a means of value storage and an investment tool. Meanwhile, the recognition and awareness of Bitcoin among the public is also continuously increasing.
However, some analysts express skepticism about whether Bitcoin can continue to rise. They point out that Bitcoin's high volatility and lack of intrinsic value may hinder its long-term development. In addition, changes in regulatory policies could also have a significant impact on Bitcoin's price.
2. The five major exchanges in South Korea delisted WEMIX, causing the token to briefly drop by 60%.
South Korea's five major cryptocurrency exchanges Upbit, Bithumb, Coinone, Korbit, and Gopax announced that they will delist the Wemade-owned blockchain platform token WEMIX on June 2. Token withdrawals will be terminated on July 2. Following this news, WEMIX briefly plunged 60% to $0.25, but has since rebounded to $0.38.
According to reports, this decision was made by the Korean Digital Asset Trading Association (DAXA). DAXA believes that the Wemix Foundation has not adequately addressed the issues that led to WEMIX being designated as a cryptocurrency with investment caution. After a comprehensive review of the credibility and security of the issuing entity, DAXA determined that the asset does not meet the criteria for maintaining trading support.
This move has sparked widespread attention and discussion within the cryptocurrency community. Some believe that the exchange's decision is reasonable and beneficial for protecting investors' interests. However, others worry that it could severely impact the development of WEMIX and have negative effects on the entire cryptocurrency market.
3. The Ethereum ecosystem is under scrutiny, with over $1.2 billion in capital outflows triggering a crisis of trust.
Ethereum is undergoing unprecedented scrutiny. Since the launch of the Ethereum ETF, funds have been flowing out, with outflows exceeding $1.2 billion. A massive crisis of trust is emerging, involving Ethereum's core researchers, developer community organizations, ConsenSys-related businesses, and external investors.
The root of this trust crisis lies in the fact that Ethereum, as a large decentralized business entity, lacks a clear direction and objectives for development. Vitalik Buterin, the founder of Ethereum, needs to better guide different participants and unify the development approach.
In addition, some problems within the Ethereum ecosystem have exacerbated this trust crisis. For example, the correlation between Ethereum and Bitcoin has decreased, tail risks have significantly increased, and performance is no longer predictable. This has caused troubles for algorithmic trading and lending businesses.
Analysts point out that Ethereum is facing a situation where nothing can be established without breaking. If the current trust crisis cannot be resolved, Ethereum's development will be severely hindered. Relevant parties need to work together to rebuild trust and promote Ethereum towards a healthier and more sustainable development path.
4. The crypto gaming sector is facing challenges, and the industry is calling for adjustments to the token unlocking mechanisms.
The crypto gaming sector has become exceptionally difficult, and all parties involved are losing confidence. This challenging situation forces participants to leave or to create more innovative products and fun games.
Industry professionals are calling for adjustments to the utility of tokens and unlocking terms. There are significant issues with the existing unlocking mechanisms and utility. Traditional IPOs typically require a lock-up period of only 6 months to a year, but for investments in super early-stage seed round companies in the cryptocurrency space, the overall lock-up period can last as long as 3 to 4 years.
This long-term locking is detrimental to project development and capital flow, and it exacerbates the industry's difficulties. Therefore, industry insiders are calling for broader discussions and research to explore more reasonable token unlocking mechanisms to inject new vitality into industry development.
5. Entrepreneurs are confused, and the industry hopes that the integration of AI and cryptocurrency will bring new opportunities.
In the past year, popular sectors such as blockchain games, NFTs, WeChat social, and Ethereum L2 have frequently encountered setbacks and developed slowly, leaving practitioners feeling pessimistic and confused. During the TOKEN2049 conference, many "serious" project teams and investors have started to invest in AI and cryptocurrency-related sectors.
An investor bluntly stated, "98% of AI+We applications have been debunked. I am very optimistic about the future of AI and cryptocurrency, believing that there will definitely be an AI project in the future that rivals Ethereum, but the current AI projects are all memes."
Entrepreneurs and investors have high hopes for the integration of AI and cryptocurrency, hoping that this emerging track can bring new opportunities to the industry. Analysts believe that the combination of AI technology and cryptocurrency is expected to drive innovation, improve efficiency, and enhance user experience, thereby injecting new vitality into the industry.
2. Industry Data
1. BTC
The last traded price is 95025.5000 USDT, an intraday increase of +0.4000%.
The recent transaction price is 22.0010 USDT, with a daily increase of +0.3000%.
3. Industry News
1. Bitcoin breaks through the $96,000 barrier, sparking heated discussions in the market.
The price of Bitcoin broke through the key resistance level of $96,000 at the end of April, attracting widespread attention from the market. Analysts generally believe that this breakthrough marks the official start of a new bull market cycle for Bitcoin.
According to on-chain data, the trading activity and holding volume of Bitcoin have seen a significant increase, reflecting the optimistic sentiment of investors regarding Bitcoin's future prospects. In addition, the large-scale entry of institutional investors has also injected new momentum into the rise of Bitcoin's price.
However, some analysts remind that after Bitcoin's price broke through $96,000, there was a brief pullback, which may indicate that there is some profit-taking pressure in the market. Investors need to closely monitor Bitcoin's performance at this key level to assess the future market trend.
2. The popularity of mainstream altcoins such as Ethereum has risen, sparking discussions about "altcoin season".
With the rise in Bitcoin prices, mainstream altcoins such as Ethereum and Solana have also seen varying degrees of increase, sparking heated discussions in the market about the arrival of "altcoin season."
The data shows that the transaction activity of popular public chains such as Ethereum and Solana and the ( of the total lock-up value of TVL) have increased significantly, reflecting that funds are flowing into these ecosystems. At the same time, some emerging meme coins and game coins are also sought after by investors, with a significant increase in trading volume and social media discussion.
Analysts believe that this phenomenon reflects investors seeking higher investment returns, and the speculative nature of the altcoin market makes it a target of enthusiasm. However, some analysts also remind that the volatility of the altcoin market is significant, and investors need to remain cautious.
The total market capitalization of the cryptocurrency market has returned to $3 trillion, and investor sentiment is becoming optimistic.
Driven by Bitcoin and mainstream altcoins, the total market value of the cryptocurrency market surpassed the $3 trillion mark again on May 2, reaching its highest level since November 2021.
The market sentiment index shows that investors' sentiment towards the cryptocurrency market is turning optimistic. The net inflow of funds into exchanges has also seen a significant increase, reflecting that capital is flowing into the cryptocurrency market.
However, some analysts remind that the volatility of the cryptocurrency market is high, and investors need to remain cautious. In addition, the uncertainty of regulatory policies may also have a certain impact on the market.
Overall, the cryptocurrency market is recovering, but investors need to have a full awareness of the risks and reasonably control the scale of their investments.
4. Project News
1. Yala has reached a strategic cooperation with Plume to promote the injection of Bitcoin liquidity into the RWA field.
The native liquidity layer of Bitcoin, Yala, announced a strategic partnership with the real-world asset finance (RWAfi) public chain Plume to jointly promote the seamless integration of the Bitcoin ecosystem and the yield of real assets. Bitcoin holders will be able to easily access Plume's institutional-grade asset portfolio through Yala RealYield, achieving the dual objectives of asset appreciation and stable returns.
As a leading RWA infrastructure, Plume has aggregated over 180 projects through its EVM-compatible ecosystem, transforming traditional financial products, carbon credits, GPU computing power, as well as alternative assets and collectibles into liquid DeFi products via its end-to-end tokenization engine. Meanwhile, Yala's innovative Bitcoin-native solution conveniently injects Bitcoin liquidity into the DeFi and RWA sectors.
Through this collaboration, Bitcoin holders can participate in Plume's selected tokenized fixed income assets ( such as US Treasury bonds, corporate bonds, private credit, etc. ), to earn stable BTC returns. Each asset is accompanied by clear risk levels, terms, and annualized yield ( APY ) clauses to ensure user decision-making safety.
This collaboration marks the acceleration of Bitcoin's penetration into the RWA field. The synergy between Yala and Plume will jointly drive a transformation of the trillion-dollar real asset market, significantly enhancing Bitcoin's capital efficiency and application scenarios.
Industry analysts believe that this collaboration will help expand the application scenarios of Bitcoin, providing more revenue channels for Bitcoin holders. At the same time, it injects new vitality into traditional financial assets, promoting the integrated development of DeFi and traditional finance. However, since the RWA sector is still in its early stages, the uncertainty of relevant regulatory policies may affect its development process.
2. The Aptos ecosystem continues to iterate, and the activity level of DeFi has significantly increased.
The Aptos ecosystem has been continuously advancing its technology iteration and ecosystem construction recently, achieving multiple progress. Among them, Aave completed its first deployment on a non-EVM testnet, marking a significant increase in the activity level of the Aptos DeFi ecosystem.
As a new blockchain network aimed at Web3.0, Aptos has focused on ecological construction since its mainnet launch in October last year. With outstanding performance and an innovative technical architecture, Aptos has attracted numerous well-known projects, continuously expanding its ecological scale.
In addition, the market value of stablecoins also exceeded $1 billion for the first time on March 24, showing a year-on-year growth of more than ten times, demonstrating strong ecological attractiveness and capital carrying capacity. Against this backdrop, Aptos not only achieved continuous iteration at the technical level but also made multiple breakthroughs in ecological construction: Aave completed its first non-EVM environment testnet deployment, and DeFi activity significantly increased.
To meet the rapidly growing trading demand, the Aptos team continues to promote technological solutions such as Zaptos and Shardines, accelerating the construction of a scalable sharding architecture. Meanwhile, the Aptos Foundation is also continuously increasing its support for the ecosystem, providing developers with funding, technical, and operational assistance.
Analysts point out that the rapid development of the Aptos ecosystem highlights its advantages in performance, security, and innovation. As a new generation of public chain, Aptos is expected to become an important infrastructure in areas such as DeFi and GameFi. However, Aptos also faces a fierce competitive environment, and whether it can ultimately stand out remains to be seen.
3. The Solana DePIN ecosystem continues to heat up, with projects emerging in multiple fields.
Whether it's shared GPUs, telecommunications networks, or street map collection, DePIN is reshaping the construction and operation of infrastructure through cryptographic incentive mechanisms. Solana is gradually becoming the core platform of this trend, with its high-performance network providing an ideal breeding ground for DePIN projects.
According to the latest research report jointly released with Slice Analytics, several core DePIN projects on Solana have performed remarkably well over the past year, with significant growth in both user base and ecosystem scale.
Taking Cudo Miner as an example, this GPU sharing network based on Solana has seen the number of active miners grow fivefold over the past year, reaching nearly 20,000. During the same period, its total hash rate increased from 1.5 PFlops to 6 PFlops, accounting for about 2% of the global hash rate.
Helium is a decentralized 5G network where users can build network infrastructure by deploying hotspot devices and earn HNT token rewards. Data shows that the number of hotspots for Helium on Solana has surpassed 630,000, spread across more than 190 countries and regions worldwide.
In addition to GPU sharing and telecommunications networks, map data collection is also an important track in the DePIN ecosystem. Cere Network is a distributed geospatial data network based on Solana that incentivizes users to contribute geographic data to build a high-quality map database. Currently, Cere has attracted over 15,000 contributors, covering more than 200 countries and regions worldwide.
Analysts say that the rise of the DePIN ecosystem is expected to promote the decentralization process of infrastructure construction and facilitate the efficient use of resources. At the same time, it also provides ordinary users with new income channels. However, the DePIN ecosystem is still in its early stages, and issues such as regulatory policies, security, and sustainability still need to be addressed.
4. The Sui ecosystem continues to expand, and competition in the Move ecosystem intensifies.
As a rising star in the Move ecosystem, Sui has been continuously promoting ecological expansion recently, attracting widespread attention in the industry. At the same time, competition within the Move ecosystem is intensifying, with projects like Aptos and Movement actively laying out their plans.
Sui is a new public chain based on the Move language, initiated by former Meta employees, and successfully launched its mainnet last May. With excellent performance and innovative design concepts, Sui has attracted numerous developers and projects, continuously expanding its ecosystem.
According to reports, the Sui ecosystem currently has a number of star projects such as Cetus, Navi, and Scallop, covering multiple fields including DeFi, NFT, and GameFi. In addition, Sui has launched the SuiPlay game ecosystem and set up the largest game booth at the KBW conference in South Korea.
At the same time, the Sui ecosystem is continuously introducing new funding support. Recently, the Sui Foundation announced the launch of the TON:Acc incubator, which will provide investments of up to $2.5 million for high-quality startups to accelerate their development. Additionally, the TON:Acc Portal ecosystem incubation platform will be launched to inject new momentum into the Sui ecosystem.
However, while Sui is rapidly developing, it also faces fierce competition from Move ecosystem projects like Aptos and Movement. Analysts point out that although Sui is currently in a leading position in terms of technology and ecosystem development, other projects are also actively catching up, and the competitive landscape of the Move ecosystem needs further observation.
5. The Ethereum scaling solution R1 has officially debuted, enhancing network scalability.
The Ethereum R1 Layer 2 scaling solution was officially unveiled recently, aiming to improve the network's scalability, reduce transaction congestion and costs, marking a new milestone in the development of Ethereum.
As the second-layer scaling solution officially supported by Ethereum, R1 was developed in collaboration between the Ethereum core development team and StarkWare, using ZK-Rollup technology to significantly enhance Ethereum's throughput and transaction speed.
According to reports, R1 will package Ethereum's transaction data into a ZK-Rollup and generate a compressed cryptographic proof on the Ethereum mainnet. This design can move a large amount of transaction data from the mainnet to R1, significantly reducing the load pressure on the mainnet.
Test data shows that a single R1 Rollup can achieve a throughput of thousands of transactions per second, with transaction confirmation times of only a few seconds, significantly outperforming the performance level of the Ethereum mainnet. At the same time, R1 can also significantly reduce Gas fees, saving users a substantial amount of transaction costs.
In addition to performance improvements, R1 will also bring a better user experience to Ethereum. Developers can build innovative applications on R1, achieving faster transactions, lower costs, and promoting further prosperity of the Ethereum ecosystem.
However, the launch of R1 also faces some challenges. For example, how to achieve seamless integration with the Ethereum mainnet and ensure the security of funds and data requires further technical breakthroughs. In addition, R1 also needs to gain sufficient ecological support to truly realize its value.
Overall, the debut of R1 marks significant progress for Ethereum in terms of scalability, and it is expected to further enhance its leading position as a smart contract platform. The industry looks forward to R1 bringing new vitality to Ethereum and driving innovative development across the entire ecosystem.
5. Economic Dynamics
1. The US manufacturing PMI for April hit a 5-month low, with weak employment data.
Economic Background: The pace of economic recovery in the United States has slowed, with manufacturing activity contracting for the seventh consecutive month in April. According to the latest data, the manufacturing Purchasing Managers' Index (PMI) for April is 48.7, down from the previous value of 49.2, reaching a five-month low. The PMI has remained below the neutral line of 50 for seven consecutive months, indicating a continued contraction in the manufacturing sector. Additionally, April's employment data also showed weakness, with initial jobless claims rising to 241,000 and continuing claims increasing to 1.916 million, both at recent high levels.
Important events: The U.S. government continues to impose tariffs, leading to an increase in production costs for businesses. The Trump administration has imposed a 25% tariff on Chinese goods and has levied tariffs on steel and aluminum from other major trading partners, triggering international trade disputes. High tariff measures have increased cost pressures on businesses and constrained the development of the manufacturing industry.
Market Reaction: Investors are concerned about the economic outlook. Weak manufacturing PMI and employment data have intensified worries about an economic recession. Stock market volatility has increased, and investors are seeking safe-haven assets. Bond yields have declined, reflecting pessimistic expectations for economic growth.
Expert opinion: Former Treasury Secretary Yellen warns that Trump's tariff policy will have an "extremely adverse" impact on the U.S. economy. She stated that tariffs "hinder" companies that rely on key mineral supplies from China, and Trump's broad taxation of trade partners could plunge the U.S. into recession. The escalation of the trade war will further exacerbate cost pressures on businesses and harm the competitiveness of U.S. manufacturing.
2. The EU proposes a 50 billion euro trade agreement in an attempt to avoid a trade war with the United States.
Economic Background: Global trade tensions have intensified, and the trade relationship between the US and Europe has deteriorated. The EU's economic growth has slowed, with a GDP growth rate of only 0.5% in 2023, below expectations. The inflation rate exceeded 8% in early 2024, and the unemployment rate decreased at the beginning of 2025 but remains at a relatively high level.
Important event: To avoid a full-scale trade war with the United States, the European Union proposed a trade agreement worth 50 billion euros with the U.S. The agreement aims to eliminate trade barriers between the two sides and promote the free flow of goods and services. However, the U.S. government has reacted coolly to this, insisting on maintaining the current tariff measures.
Market reaction: European companies are concerned about the risk of a trade war. Industries such as German automakers and French vintners are at risk of being subject to high tariffs. European stock markets fell, and investors' confidence in the economic outlook took a hit. The euro slipped slightly against the dollar.
Expert Opinion: Christian Devries, a trade expert at the Bruegel think tank, believes that the proposed trade agreement by the EU is "commendable," but its implementation may face numerous obstacles. He pointed out that the "deficit attack" strategy adopted by the Trump administration against trade partners could lead to a deadlock in negotiations. If the trade disputes between the US and Europe cannot be resolved, it will have a serious impact on the global economic recovery.
3. The Federal Reserve may hold steady in May as economic slowdown pressures increase.
Economic background: The US economic growth slowed to 1.1% in the first quarter of 2025, below expectations. The inflation rate fell to around 6% in February, but still above the Federal Reserve's target level of 2%. The job market remains robust, with the unemployment rate holding steady at a low of 3.5%.
Important Event: The Federal Reserve's monetary policy meeting in May will be held this week. Against the backdrop of simultaneous economic slowdown and inflationary pressures, the market generally expects that the Federal Reserve will not raise interest rates for the time being, keeping the federal funds rate target range unchanged at 5.00% - 5.25%.
Market reaction: US stocks rose slightly as investors hold optimistic expectations for the Federal Reserve to pause interest rate hikes. The dollar index edged lower. The bond yield curve continues to be inverted, reflecting market concerns about an economic recession.
Expert opinion: Goldman Sachs Chief Economist Jan Hatzius stated that the Federal Reserve may pause interest rate hikes at the May meeting, but will not announce the end of the current rate hike cycle. He expects the Federal Reserve to raise rates again in June or July, and later this year begin to assess whether rate cuts are necessary. UBS economists believe that the Federal Reserve may start cutting rates in the fourth quarter of this year to address the pressures of economic slowdown.
6. Regulation & Policy
1. The Republican Party of the U.S. House of Representatives will release the digital asset regulatory draft before May 6.
According to informed sources, senior Republicans from the House Financial Services Committee and the Agriculture Committee will release a discussion draft before the hearing on May 6, aimed at establishing an important regulatory framework for digital assets.
The draft is expected to (FIT 21) similar to the 21st Century Financial Innovation and Technology Act passed by the House of Representatives last year, clarifying when it will be (SEC) by the Securities and Exchange Commission. The Commodity Futures Trading Commission regulates digital assets (CFTC) or both. The senior executive of the Blockchain Association said the draft was "90% similar to FIT 21," but the Trump family's foray into the crypto space "has complicated the legislative work."
This move reflects that U.S. regulators are accelerating the regulatory process for digital assets. As the adoption of cryptocurrencies continues to increase on Wall Street and within traditional financial institutions, establishing a clear regulatory framework to protect investors, maintain market order, and promote industry development has become a pressing priority.
Industry insiders generally welcome this. Faryar Shirzad, Chief Policy Officer of the cryptocurrency exchange Coinbase, stated that the draft will bring greater regulatory clarity to the industry, helping to attract more institutional investors. However, there are also concerns that excessive regulation could stifle innovation, with calls to leave room for industry development while protecting investors.
2. The UK's Financial Conduct Authority is seeking opinions on the regulation of cryptocurrency trading platforms.
The UK Financial Conduct Authority ( FCA ), in a discussion paper released on Friday, sought public opinion on the regulation of activities related to crypto assets, including intermediaries, staking, lending, and decentralized finance ( DeFi ).
The FCA stated that once the legislation is passed, specific cryptocurrency activities will fall under its regulatory scope. The agency will consult on the final framework later this year after considering feedback.
This initiative aims to address the rapid development of the cryptocurrency market and provide appropriate protection for investors. The head of the FCA stated that cryptocurrencies are highly risky and volatile, and regulation helps maintain market order and prevent illegal activities such as money laundering.
Cryptocurrency companies have reacted differently to this. Some mainstream exchanges and lending platforms welcome regulation, believing it will enhance transparency and trust in the industry. However, there are also concerns that excessive regulation could stifle innovation, with calls for the industry to be given some room to grow.
Ian Taylor, Chairman of the UK Cryptocurrency Association, stated that regulation should keep pace with the times, protecting investors' rights while not hindering the healthy development of the industry. He calls for the FCA to maintain close communication with the industry and to develop a practical regulatory framework.
3. The U.S. Treasury Department intends to cut off the Cambodian Huione Group, which is suspected of money laundering, from the financial system
The U.S. Department of the Treasury's Financial Crimes Enforcement Network ( FinCEN ) proposed to cut off the Cambodia-based Huione Group from the U.S. financial system, citing the organization's alleged long-term money laundering activities and connections to North Korean hacking groups.
According to Section 311 of the Patriot Act, FinCEN will require financial institutions in the United States to prohibit Huione Group and its affiliated entities from opening and managing accounts, cutting off their access to agency banking operations, and weakening their ability to launder illicit proceeds.
FinCEN alleges that between August 2021 and January 2025, the Huione Group laundered over $4 billion in illegal funds, including $37 million in stolen assets from a North Korean-led cyber theft. Treasury Secretary Besant revealed that the cryptocurrency trading platforms and online payment services operated by the Huione Group have become the "preferred market" for cybercriminals.
This decision aims to combat money laundering and cybercrime, maintaining the integrity of the U.S. financial system. However, some are concerned that overly harsh sanctions may affect the normal development of Cambodia's cryptocurrency industry.
Peng Rath, the chairman of the Cambodia Cryptocurrency Association, stated that while cracking down on crime is essential, regulators should also distinguish between legitimate businesses and criminals. He urged the U.S. government to maintain transparency during the sanctions process and to provide legitimate enterprises with some room for development.
Overall, this move highlights the U.S. government's increased regulatory efforts in the cryptocurrency sector, aimed at curbing money laundering and other illegal activities. However, finding a balance between maintaining financial order and promoting industry development still requires further communication and coordination between the government and the industry.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
5.2 AI Daily Crypto Assets market heat rises, regulatory policies will become key
1. Headlines
1. Bitcoin breaks through $96,000, sparking market discussions, analysts predict it could reach an all-time high.
The price of Bitcoin has broken through the $96,000 mark, sparking heated discussions in the market. Analysts predict that if the current upward trend continues, Bitcoin could reach an all-time high of between $135,000 and $175,000 in the next 100 days. This prediction is based on trend analysis, seasonality, and market volatility data.
The surge of Bitcoin is primarily driven by institutional adoption and mainstream awareness. An increasing number of institutional investors and companies are beginning to accept Bitcoin, viewing it as a means of value storage and an investment tool. Meanwhile, the recognition and awareness of Bitcoin among the public is also continuously increasing.
However, some analysts express skepticism about whether Bitcoin can continue to rise. They point out that Bitcoin's high volatility and lack of intrinsic value may hinder its long-term development. In addition, changes in regulatory policies could also have a significant impact on Bitcoin's price.
2. The five major exchanges in South Korea delisted WEMIX, causing the token to briefly drop by 60%.
South Korea's five major cryptocurrency exchanges Upbit, Bithumb, Coinone, Korbit, and Gopax announced that they will delist the Wemade-owned blockchain platform token WEMIX on June 2. Token withdrawals will be terminated on July 2. Following this news, WEMIX briefly plunged 60% to $0.25, but has since rebounded to $0.38.
According to reports, this decision was made by the Korean Digital Asset Trading Association (DAXA). DAXA believes that the Wemix Foundation has not adequately addressed the issues that led to WEMIX being designated as a cryptocurrency with investment caution. After a comprehensive review of the credibility and security of the issuing entity, DAXA determined that the asset does not meet the criteria for maintaining trading support.
This move has sparked widespread attention and discussion within the cryptocurrency community. Some believe that the exchange's decision is reasonable and beneficial for protecting investors' interests. However, others worry that it could severely impact the development of WEMIX and have negative effects on the entire cryptocurrency market.
3. The Ethereum ecosystem is under scrutiny, with over $1.2 billion in capital outflows triggering a crisis of trust.
Ethereum is undergoing unprecedented scrutiny. Since the launch of the Ethereum ETF, funds have been flowing out, with outflows exceeding $1.2 billion. A massive crisis of trust is emerging, involving Ethereum's core researchers, developer community organizations, ConsenSys-related businesses, and external investors.
The root of this trust crisis lies in the fact that Ethereum, as a large decentralized business entity, lacks a clear direction and objectives for development. Vitalik Buterin, the founder of Ethereum, needs to better guide different participants and unify the development approach.
In addition, some problems within the Ethereum ecosystem have exacerbated this trust crisis. For example, the correlation between Ethereum and Bitcoin has decreased, tail risks have significantly increased, and performance is no longer predictable. This has caused troubles for algorithmic trading and lending businesses.
Analysts point out that Ethereum is facing a situation where nothing can be established without breaking. If the current trust crisis cannot be resolved, Ethereum's development will be severely hindered. Relevant parties need to work together to rebuild trust and promote Ethereum towards a healthier and more sustainable development path.
4. The crypto gaming sector is facing challenges, and the industry is calling for adjustments to the token unlocking mechanisms.
The crypto gaming sector has become exceptionally difficult, and all parties involved are losing confidence. This challenging situation forces participants to leave or to create more innovative products and fun games.
Industry professionals are calling for adjustments to the utility of tokens and unlocking terms. There are significant issues with the existing unlocking mechanisms and utility. Traditional IPOs typically require a lock-up period of only 6 months to a year, but for investments in super early-stage seed round companies in the cryptocurrency space, the overall lock-up period can last as long as 3 to 4 years.
This long-term locking is detrimental to project development and capital flow, and it exacerbates the industry's difficulties. Therefore, industry insiders are calling for broader discussions and research to explore more reasonable token unlocking mechanisms to inject new vitality into industry development.
5. Entrepreneurs are confused, and the industry hopes that the integration of AI and cryptocurrency will bring new opportunities.
In the past year, popular sectors such as blockchain games, NFTs, WeChat social, and Ethereum L2 have frequently encountered setbacks and developed slowly, leaving practitioners feeling pessimistic and confused. During the TOKEN2049 conference, many "serious" project teams and investors have started to invest in AI and cryptocurrency-related sectors.
An investor bluntly stated, "98% of AI+We applications have been debunked. I am very optimistic about the future of AI and cryptocurrency, believing that there will definitely be an AI project in the future that rivals Ethereum, but the current AI projects are all memes."
Entrepreneurs and investors have high hopes for the integration of AI and cryptocurrency, hoping that this emerging track can bring new opportunities to the industry. Analysts believe that the combination of AI technology and cryptocurrency is expected to drive innovation, improve efficiency, and enhance user experience, thereby injecting new vitality into the industry.
2. Industry Data
1. BTC
The last traded price is 95025.5000 USDT, an intraday increase of +0.4000%.
2. ALPACA
Recent transaction price 0.5062 USDT, daily decline -52.4999%.
3. ETH
Recent transaction price 1810.8100 USDT, daily increase +0.8000%.
4. SUI
Recent transaction price 3.4944 USDT, intraday decline -1.7000%.
5. GT
The recent transaction price is 22.0010 USDT, with a daily increase of +0.3000%.
3. Industry News
1. Bitcoin breaks through the $96,000 barrier, sparking heated discussions in the market.
The price of Bitcoin broke through the key resistance level of $96,000 at the end of April, attracting widespread attention from the market. Analysts generally believe that this breakthrough marks the official start of a new bull market cycle for Bitcoin.
According to on-chain data, the trading activity and holding volume of Bitcoin have seen a significant increase, reflecting the optimistic sentiment of investors regarding Bitcoin's future prospects. In addition, the large-scale entry of institutional investors has also injected new momentum into the rise of Bitcoin's price.
However, some analysts remind that after Bitcoin's price broke through $96,000, there was a brief pullback, which may indicate that there is some profit-taking pressure in the market. Investors need to closely monitor Bitcoin's performance at this key level to assess the future market trend.
2. The popularity of mainstream altcoins such as Ethereum has risen, sparking discussions about "altcoin season".
With the rise in Bitcoin prices, mainstream altcoins such as Ethereum and Solana have also seen varying degrees of increase, sparking heated discussions in the market about the arrival of "altcoin season."
The data shows that the transaction activity of popular public chains such as Ethereum and Solana and the ( of the total lock-up value of TVL) have increased significantly, reflecting that funds are flowing into these ecosystems. At the same time, some emerging meme coins and game coins are also sought after by investors, with a significant increase in trading volume and social media discussion.
Analysts believe that this phenomenon reflects investors seeking higher investment returns, and the speculative nature of the altcoin market makes it a target of enthusiasm. However, some analysts also remind that the volatility of the altcoin market is significant, and investors need to remain cautious.
The total market capitalization of the cryptocurrency market has returned to $3 trillion, and investor sentiment is becoming optimistic.
Driven by Bitcoin and mainstream altcoins, the total market value of the cryptocurrency market surpassed the $3 trillion mark again on May 2, reaching its highest level since November 2021.
The market sentiment index shows that investors' sentiment towards the cryptocurrency market is turning optimistic. The net inflow of funds into exchanges has also seen a significant increase, reflecting that capital is flowing into the cryptocurrency market.
However, some analysts remind that the volatility of the cryptocurrency market is high, and investors need to remain cautious. In addition, the uncertainty of regulatory policies may also have a certain impact on the market.
Overall, the cryptocurrency market is recovering, but investors need to have a full awareness of the risks and reasonably control the scale of their investments.
4. Project News
1. Yala has reached a strategic cooperation with Plume to promote the injection of Bitcoin liquidity into the RWA field.
The native liquidity layer of Bitcoin, Yala, announced a strategic partnership with the real-world asset finance (RWAfi) public chain Plume to jointly promote the seamless integration of the Bitcoin ecosystem and the yield of real assets. Bitcoin holders will be able to easily access Plume's institutional-grade asset portfolio through Yala RealYield, achieving the dual objectives of asset appreciation and stable returns.
As a leading RWA infrastructure, Plume has aggregated over 180 projects through its EVM-compatible ecosystem, transforming traditional financial products, carbon credits, GPU computing power, as well as alternative assets and collectibles into liquid DeFi products via its end-to-end tokenization engine. Meanwhile, Yala's innovative Bitcoin-native solution conveniently injects Bitcoin liquidity into the DeFi and RWA sectors.
Through this collaboration, Bitcoin holders can participate in Plume's selected tokenized fixed income assets ( such as US Treasury bonds, corporate bonds, private credit, etc. ), to earn stable BTC returns. Each asset is accompanied by clear risk levels, terms, and annualized yield ( APY ) clauses to ensure user decision-making safety.
This collaboration marks the acceleration of Bitcoin's penetration into the RWA field. The synergy between Yala and Plume will jointly drive a transformation of the trillion-dollar real asset market, significantly enhancing Bitcoin's capital efficiency and application scenarios.
Industry analysts believe that this collaboration will help expand the application scenarios of Bitcoin, providing more revenue channels for Bitcoin holders. At the same time, it injects new vitality into traditional financial assets, promoting the integrated development of DeFi and traditional finance. However, since the RWA sector is still in its early stages, the uncertainty of relevant regulatory policies may affect its development process.
2. The Aptos ecosystem continues to iterate, and the activity level of DeFi has significantly increased.
The Aptos ecosystem has been continuously advancing its technology iteration and ecosystem construction recently, achieving multiple progress. Among them, Aave completed its first deployment on a non-EVM testnet, marking a significant increase in the activity level of the Aptos DeFi ecosystem.
As a new blockchain network aimed at Web3.0, Aptos has focused on ecological construction since its mainnet launch in October last year. With outstanding performance and an innovative technical architecture, Aptos has attracted numerous well-known projects, continuously expanding its ecological scale.
In addition, the market value of stablecoins also exceeded $1 billion for the first time on March 24, showing a year-on-year growth of more than ten times, demonstrating strong ecological attractiveness and capital carrying capacity. Against this backdrop, Aptos not only achieved continuous iteration at the technical level but also made multiple breakthroughs in ecological construction: Aave completed its first non-EVM environment testnet deployment, and DeFi activity significantly increased.
To meet the rapidly growing trading demand, the Aptos team continues to promote technological solutions such as Zaptos and Shardines, accelerating the construction of a scalable sharding architecture. Meanwhile, the Aptos Foundation is also continuously increasing its support for the ecosystem, providing developers with funding, technical, and operational assistance.
Analysts point out that the rapid development of the Aptos ecosystem highlights its advantages in performance, security, and innovation. As a new generation of public chain, Aptos is expected to become an important infrastructure in areas such as DeFi and GameFi. However, Aptos also faces a fierce competitive environment, and whether it can ultimately stand out remains to be seen.
3. The Solana DePIN ecosystem continues to heat up, with projects emerging in multiple fields.
Whether it's shared GPUs, telecommunications networks, or street map collection, DePIN is reshaping the construction and operation of infrastructure through cryptographic incentive mechanisms. Solana is gradually becoming the core platform of this trend, with its high-performance network providing an ideal breeding ground for DePIN projects.
According to the latest research report jointly released with Slice Analytics, several core DePIN projects on Solana have performed remarkably well over the past year, with significant growth in both user base and ecosystem scale.
Taking Cudo Miner as an example, this GPU sharing network based on Solana has seen the number of active miners grow fivefold over the past year, reaching nearly 20,000. During the same period, its total hash rate increased from 1.5 PFlops to 6 PFlops, accounting for about 2% of the global hash rate.
Helium is a decentralized 5G network where users can build network infrastructure by deploying hotspot devices and earn HNT token rewards. Data shows that the number of hotspots for Helium on Solana has surpassed 630,000, spread across more than 190 countries and regions worldwide.
In addition to GPU sharing and telecommunications networks, map data collection is also an important track in the DePIN ecosystem. Cere Network is a distributed geospatial data network based on Solana that incentivizes users to contribute geographic data to build a high-quality map database. Currently, Cere has attracted over 15,000 contributors, covering more than 200 countries and regions worldwide.
Analysts say that the rise of the DePIN ecosystem is expected to promote the decentralization process of infrastructure construction and facilitate the efficient use of resources. At the same time, it also provides ordinary users with new income channels. However, the DePIN ecosystem is still in its early stages, and issues such as regulatory policies, security, and sustainability still need to be addressed.
4. The Sui ecosystem continues to expand, and competition in the Move ecosystem intensifies.
As a rising star in the Move ecosystem, Sui has been continuously promoting ecological expansion recently, attracting widespread attention in the industry. At the same time, competition within the Move ecosystem is intensifying, with projects like Aptos and Movement actively laying out their plans.
Sui is a new public chain based on the Move language, initiated by former Meta employees, and successfully launched its mainnet last May. With excellent performance and innovative design concepts, Sui has attracted numerous developers and projects, continuously expanding its ecosystem.
According to reports, the Sui ecosystem currently has a number of star projects such as Cetus, Navi, and Scallop, covering multiple fields including DeFi, NFT, and GameFi. In addition, Sui has launched the SuiPlay game ecosystem and set up the largest game booth at the KBW conference in South Korea.
At the same time, the Sui ecosystem is continuously introducing new funding support. Recently, the Sui Foundation announced the launch of the TON:Acc incubator, which will provide investments of up to $2.5 million for high-quality startups to accelerate their development. Additionally, the TON:Acc Portal ecosystem incubation platform will be launched to inject new momentum into the Sui ecosystem.
However, while Sui is rapidly developing, it also faces fierce competition from Move ecosystem projects like Aptos and Movement. Analysts point out that although Sui is currently in a leading position in terms of technology and ecosystem development, other projects are also actively catching up, and the competitive landscape of the Move ecosystem needs further observation.
5. The Ethereum scaling solution R1 has officially debuted, enhancing network scalability.
The Ethereum R1 Layer 2 scaling solution was officially unveiled recently, aiming to improve the network's scalability, reduce transaction congestion and costs, marking a new milestone in the development of Ethereum.
As the second-layer scaling solution officially supported by Ethereum, R1 was developed in collaboration between the Ethereum core development team and StarkWare, using ZK-Rollup technology to significantly enhance Ethereum's throughput and transaction speed.
According to reports, R1 will package Ethereum's transaction data into a ZK-Rollup and generate a compressed cryptographic proof on the Ethereum mainnet. This design can move a large amount of transaction data from the mainnet to R1, significantly reducing the load pressure on the mainnet.
Test data shows that a single R1 Rollup can achieve a throughput of thousands of transactions per second, with transaction confirmation times of only a few seconds, significantly outperforming the performance level of the Ethereum mainnet. At the same time, R1 can also significantly reduce Gas fees, saving users a substantial amount of transaction costs.
In addition to performance improvements, R1 will also bring a better user experience to Ethereum. Developers can build innovative applications on R1, achieving faster transactions, lower costs, and promoting further prosperity of the Ethereum ecosystem.
However, the launch of R1 also faces some challenges. For example, how to achieve seamless integration with the Ethereum mainnet and ensure the security of funds and data requires further technical breakthroughs. In addition, R1 also needs to gain sufficient ecological support to truly realize its value.
Overall, the debut of R1 marks significant progress for Ethereum in terms of scalability, and it is expected to further enhance its leading position as a smart contract platform. The industry looks forward to R1 bringing new vitality to Ethereum and driving innovative development across the entire ecosystem.
5. Economic Dynamics
1. The US manufacturing PMI for April hit a 5-month low, with weak employment data.
Economic Background: The pace of economic recovery in the United States has slowed, with manufacturing activity contracting for the seventh consecutive month in April. According to the latest data, the manufacturing Purchasing Managers' Index (PMI) for April is 48.7, down from the previous value of 49.2, reaching a five-month low. The PMI has remained below the neutral line of 50 for seven consecutive months, indicating a continued contraction in the manufacturing sector. Additionally, April's employment data also showed weakness, with initial jobless claims rising to 241,000 and continuing claims increasing to 1.916 million, both at recent high levels.
Important events: The U.S. government continues to impose tariffs, leading to an increase in production costs for businesses. The Trump administration has imposed a 25% tariff on Chinese goods and has levied tariffs on steel and aluminum from other major trading partners, triggering international trade disputes. High tariff measures have increased cost pressures on businesses and constrained the development of the manufacturing industry.
Market Reaction: Investors are concerned about the economic outlook. Weak manufacturing PMI and employment data have intensified worries about an economic recession. Stock market volatility has increased, and investors are seeking safe-haven assets. Bond yields have declined, reflecting pessimistic expectations for economic growth.
Expert opinion: Former Treasury Secretary Yellen warns that Trump's tariff policy will have an "extremely adverse" impact on the U.S. economy. She stated that tariffs "hinder" companies that rely on key mineral supplies from China, and Trump's broad taxation of trade partners could plunge the U.S. into recession. The escalation of the trade war will further exacerbate cost pressures on businesses and harm the competitiveness of U.S. manufacturing.
2. The EU proposes a 50 billion euro trade agreement in an attempt to avoid a trade war with the United States.
Economic Background: Global trade tensions have intensified, and the trade relationship between the US and Europe has deteriorated. The EU's economic growth has slowed, with a GDP growth rate of only 0.5% in 2023, below expectations. The inflation rate exceeded 8% in early 2024, and the unemployment rate decreased at the beginning of 2025 but remains at a relatively high level.
Important event: To avoid a full-scale trade war with the United States, the European Union proposed a trade agreement worth 50 billion euros with the U.S. The agreement aims to eliminate trade barriers between the two sides and promote the free flow of goods and services. However, the U.S. government has reacted coolly to this, insisting on maintaining the current tariff measures.
Market reaction: European companies are concerned about the risk of a trade war. Industries such as German automakers and French vintners are at risk of being subject to high tariffs. European stock markets fell, and investors' confidence in the economic outlook took a hit. The euro slipped slightly against the dollar.
Expert Opinion: Christian Devries, a trade expert at the Bruegel think tank, believes that the proposed trade agreement by the EU is "commendable," but its implementation may face numerous obstacles. He pointed out that the "deficit attack" strategy adopted by the Trump administration against trade partners could lead to a deadlock in negotiations. If the trade disputes between the US and Europe cannot be resolved, it will have a serious impact on the global economic recovery.
3. The Federal Reserve may hold steady in May as economic slowdown pressures increase.
Economic background: The US economic growth slowed to 1.1% in the first quarter of 2025, below expectations. The inflation rate fell to around 6% in February, but still above the Federal Reserve's target level of 2%. The job market remains robust, with the unemployment rate holding steady at a low of 3.5%.
Important Event: The Federal Reserve's monetary policy meeting in May will be held this week. Against the backdrop of simultaneous economic slowdown and inflationary pressures, the market generally expects that the Federal Reserve will not raise interest rates for the time being, keeping the federal funds rate target range unchanged at 5.00% - 5.25%.
Market reaction: US stocks rose slightly as investors hold optimistic expectations for the Federal Reserve to pause interest rate hikes. The dollar index edged lower. The bond yield curve continues to be inverted, reflecting market concerns about an economic recession.
Expert opinion: Goldman Sachs Chief Economist Jan Hatzius stated that the Federal Reserve may pause interest rate hikes at the May meeting, but will not announce the end of the current rate hike cycle. He expects the Federal Reserve to raise rates again in June or July, and later this year begin to assess whether rate cuts are necessary. UBS economists believe that the Federal Reserve may start cutting rates in the fourth quarter of this year to address the pressures of economic slowdown.
6. Regulation & Policy
1. The Republican Party of the U.S. House of Representatives will release the digital asset regulatory draft before May 6.
According to informed sources, senior Republicans from the House Financial Services Committee and the Agriculture Committee will release a discussion draft before the hearing on May 6, aimed at establishing an important regulatory framework for digital assets.
The draft is expected to (FIT 21) similar to the 21st Century Financial Innovation and Technology Act passed by the House of Representatives last year, clarifying when it will be (SEC) by the Securities and Exchange Commission. The Commodity Futures Trading Commission regulates digital assets (CFTC) or both. The senior executive of the Blockchain Association said the draft was "90% similar to FIT 21," but the Trump family's foray into the crypto space "has complicated the legislative work."
This move reflects that U.S. regulators are accelerating the regulatory process for digital assets. As the adoption of cryptocurrencies continues to increase on Wall Street and within traditional financial institutions, establishing a clear regulatory framework to protect investors, maintain market order, and promote industry development has become a pressing priority.
Industry insiders generally welcome this. Faryar Shirzad, Chief Policy Officer of the cryptocurrency exchange Coinbase, stated that the draft will bring greater regulatory clarity to the industry, helping to attract more institutional investors. However, there are also concerns that excessive regulation could stifle innovation, with calls to leave room for industry development while protecting investors.
2. The UK's Financial Conduct Authority is seeking opinions on the regulation of cryptocurrency trading platforms.
The UK Financial Conduct Authority ( FCA ), in a discussion paper released on Friday, sought public opinion on the regulation of activities related to crypto assets, including intermediaries, staking, lending, and decentralized finance ( DeFi ).
The FCA stated that once the legislation is passed, specific cryptocurrency activities will fall under its regulatory scope. The agency will consult on the final framework later this year after considering feedback.
This initiative aims to address the rapid development of the cryptocurrency market and provide appropriate protection for investors. The head of the FCA stated that cryptocurrencies are highly risky and volatile, and regulation helps maintain market order and prevent illegal activities such as money laundering.
Cryptocurrency companies have reacted differently to this. Some mainstream exchanges and lending platforms welcome regulation, believing it will enhance transparency and trust in the industry. However, there are also concerns that excessive regulation could stifle innovation, with calls for the industry to be given some room to grow.
Ian Taylor, Chairman of the UK Cryptocurrency Association, stated that regulation should keep pace with the times, protecting investors' rights while not hindering the healthy development of the industry. He calls for the FCA to maintain close communication with the industry and to develop a practical regulatory framework.
3. The U.S. Treasury Department intends to cut off the Cambodian Huione Group, which is suspected of money laundering, from the financial system
The U.S. Department of the Treasury's Financial Crimes Enforcement Network ( FinCEN ) proposed to cut off the Cambodia-based Huione Group from the U.S. financial system, citing the organization's alleged long-term money laundering activities and connections to North Korean hacking groups.
According to Section 311 of the Patriot Act, FinCEN will require financial institutions in the United States to prohibit Huione Group and its affiliated entities from opening and managing accounts, cutting off their access to agency banking operations, and weakening their ability to launder illicit proceeds.
FinCEN alleges that between August 2021 and January 2025, the Huione Group laundered over $4 billion in illegal funds, including $37 million in stolen assets from a North Korean-led cyber theft. Treasury Secretary Besant revealed that the cryptocurrency trading platforms and online payment services operated by the Huione Group have become the "preferred market" for cybercriminals.
This decision aims to combat money laundering and cybercrime, maintaining the integrity of the U.S. financial system. However, some are concerned that overly harsh sanctions may affect the normal development of Cambodia's cryptocurrency industry.
Peng Rath, the chairman of the Cambodia Cryptocurrency Association, stated that while cracking down on crime is essential, regulators should also distinguish between legitimate businesses and criminals. He urged the U.S. government to maintain transparency during the sanctions process and to provide legitimate enterprises with some room for development.
Overall, this move highlights the U.S. government's increased regulatory efforts in the cryptocurrency sector, aimed at curbing money laundering and other illegal activities. However, finding a balance between maintaining financial order and promoting industry development still requires further communication and coordination between the government and the industry.