Daily News | RWA Leader ONDO Rose By More Than 20%, And The AI ​​Agents Sector Ushered In A Recovery

Crypto Daily Digest: On-chain speculation cooled down significantly, and analysis shows that the crypto market may see a rebound opportunity

According to Farside Investors data, the U.S. Bitcoin spot ETF had a net outflow of $16.8 million yesterday, of which Bitwise BITB had an outflow of $6.5 million and BlackRock IBIT had an inflow of $38.51 million.

Yesterday, the Ethereum spot ETF had a net outflow of $63.3 million, of which Grayscale ETHE had a net outflow of $63.3 million.

U.S. Commerce Secretary: Trump will announce Bitcoin strategic reserves at the White House crypto summit

According to market news, U.S. Commerce Secretary Howard Lutnick said that Trump will announce a strategic reserve of Bitcoin at the White House crypto summit, and “other tokens will be treated positively, but they will be different.”

The on-chain speculation craze cooled down greatly. Only 3 pump.fun tokens graduated in 24 hours

Market data shows that in the past 24 hours, only three graduated tokens of pump.fun have a market value of over $1 million, and the on-chain speculation craze has cooled down extremely.

Viewpoint: The crypto market may have a chance to bottom out and rebound

A few days ago, CoinDesk analyst Shaurya Malwa said that the Crypto Fear and Greed Index has been in the “extreme fear” range for several consecutive days, which may indicate that the price of Bitcoin is bottoming out and will rise in the next few weeks. Similar situations have previously caused BTC to rise by 200%.

Vincent Liu, CIO of Kronos Research, said: “Bitcoin fell to ‘Extreme Fear’ on the Fear and Greed Index for the first time since September 2024, when BTC was priced at $53,000, which echoed the historical low. At that time, Bitcoin doubled in the next three months, which may mean a potential buying opportunity for investors.”

Market Trends: BTC once stood above the $90,000 mark, and the AI ​​Agents sector began to recover

Market Hotspots

ONDO, the leader in the RWA track, has risen by more than 20% in 24 hours. RWA is a track that traditional financial giants have focused on, and ONDO has close cooperation with BlackRock. The coin has risen more than 40 times in 2024.

KAITO’s 24-hour trading volume exceeded $400 million, an increase of more than 20%. Kaito AI was once the best performing new coin, and with a strong team background, it was listed on major mainstream trading platforms including Gate.io on the first day of its launch. The AI ​​sector has always been a hot topic in the market, and as the market rebounded, KAITO also performed well in this wave of gains.

Mainstream Coins

BTC rebounded and reached above the $90,000 mark. On the news, a crypto summit will be held at the White House this Saturday, and the market has certain expectations for it.

ETH still shows a trend of following the market. Although the price of the currency is upward, the momentum is weak. From the perspective of capital inflow, the ETH ETF has been in a net outflow state for 8 consecutive days recently, which may indicate that it is difficult to see a turning point in the short term.

Thanks to the influence of the overall market, Altcoins have once again seen a general rise, the AI ​​Agents sector has begun to recover, and some coins such as ALCH, GRAIFFAIN, and Fartcoin have taken the lead in rebounding.

Macro News: The three major U.S. stock indexes closed higher, and Trump may make concessions on tariffs

U.S. stocks closed higher on Wednesday, with all three major indexes rising by more than 1%. The Dow Jones Industrial Average rose 485.60 points, or 1.14%, to 43,006.59 points; the Nasdaq rose 267.57 points, or 1.46%, to 18,552.73 points; and the S&P 500 rose 64.48 points, or 1.12%, to 5,842.63 points.

On the news front, Trump may make concessions on tariffs. White House officials said on Wednesday that U.S. President Trump will grant a one-month tariff exemption for cars imported through the US-Mexico-Canada Agreement.

In addition, the Federal Reserve’s Beige Book report on economic conditions released on Wednesday said that economic activity rose slightly, but consumer spending fell overall. The report was compiled based on the latest survey results of the Federal Reserve’s 12 regional reserve banks (i.e. 12 districts). The report showed that overall economic activity has risen slightly since mid-January. Six regions reported no change, four showed mild or modest growth, and two reported slight contractions. Consumer spending fell overall, with the report showing strong demand for necessities but increased price sensitivity for discretionary items, especially among lower-wage consumers. Traders now believe the Federal Reserve will cut interest rates in June, the first reduction in borrowing costs this year, according to data compiled by the London Stock Exchange Group (LSEG).