AI Research Report

Recently also affected by fluctuations in China-US trade relations, particularly strong statements from US officials Bassett and Trump regarding China’s tariff policies. Bassett emphasized that increasing pressure on China is crucial, while Trump expressed dissatisfaction with China’s continued purchase of Russian oil.

Macroeconomic Factors:

The ADP employment data will be released on Wednesday. If the data is strong, it indicates a healthy US labor market and strong economic resilience, which reduces the likelihood of a Fed rate cut in September.

A rate cut in July is now almost off the table. The market’s focus has shifted to whether Powell will turn dovish in September, with the ADP data potentially influencing his stance.

On-Chain and Market Sentiment Observations:

Turnover rate has slightly increased during the workweek, but mainly among investors with positions costing over $100,000, reflecting concerns over renewed China-US trade tensions and the Fed’s hawkish stance.

The FOMO (fear of missing out) sentiment has clearly diminished, buying momentum has decreased, but selling pressure is also easing, putting the market in a balanced state of reduced buying and selling.

Technical and Risk Points:

Overall support levels remain stable.

However, the unfilled $112,000 URPD gap still poses a potential risk.

Overall Viewpoint: The market currently faces many uncertainties with frequent data releases and policy announcements, so cautious trading is advised. I personally lean toward expecting Powell to deliver a dovish signal in September to ease pressure, but ongoing attention to upcoming data and speeches is essential.

Learn More

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

📰Daily Market Insights

Linea Announces Tokenomics: Total Supply of approximately 72 billion tokens, with 9% Allocated for Early User Airdrop

2.Ethereum celebrates its tenth anniversary today, having grown from $0.3 to become the world’s 28th largest asset.

3.Ethereum 10th Anniversary Torch Commemorative NFT Free Minting is Now Open

4.The SEC Approves Bitcoin and Ethereum ETF Physical Redemption Mechanism

Check the orign link

2025-07-16 Report

📅 July 16, 2025｜Crypto Research Brief

Before We Begin

Cryptocurrencies involve uncertainty and risk. You may lose your entire principal.

This report is for sharing purposes only and does not constitute investment advice. Please make investment decisions rationally.

一、Indicators

📊The Market

Currencies: 17,672

Exchanges: 1,316

Total Market Cap: US$380 B 2.2%📉

24-Hour Trading Volume: US$206 B

BTC 61.7% ETH 9.9%

Gas: 0.83 GWEI

Altcoin Season Index: 39

Fear & Greed Index:71

（Data sourced from CoinGecko）

🧭Stablecoin Metrics

Market Cap of USD-Pegged Stablecoins: $262 B

🔥Liquidation Map

二、SEC&ETF&Policy & Macro Analysis

BTC ETF

ETH ETF

🏙️Macroeconomic Overview

Trump Delays Tariffs to August 1. What Does He Want?

Last week, it became clear that the reciprocal tariffs would be delayed to August 1. Trump sent letters to key trade partners—EU, Canada, Mexico, Japan, South Korea—announcing the plan. While these countries show willingness to negotiate, they’re also preparing retaliation.

So what does Trump really want?

1️⃣ He Wants Revenue

In May, the U.S. collected over $22B in tariffs—three times the 2024 monthly average. Annual revenue could reach nearly $400B if tariffs expand further. This helped the U.S. achieve a budget surplus in June for the first time in 8 years (+$27B).

For Trump, tariffs are a key tool to fund fiscal expansion 2.0 after the “Big Beautiful Act,” especially under high debt and interest costs.

2️⃣ He Wants Trade Concessions

Trump is using tariffs as leverage, not an end goal. He wants:

•

Major reduction or elimination of tariffs on U.S. goods

•

Increased purchase of American products (agriculture, energy, planes)

•

Acceptance of sector-specific U.S. tariffs (cars, steel, etc.)

•

Removal of non-tariff barriers like Digital Services Taxes (DST)

Some partners like UK and Canada have already removed DST. The EU resists.

3️⃣ Small Nations Yield, Major Players Push Back

Vietnam and Indonesia mostly agreed. But EU, Japan, Canada, Mexico are tougher. They’re open to negotiation but firm on red lines.

E.g., Japanese carmakers absorbed 17.7% of Trump’s car tariffs, while U.S. consumers bore only 7.3%. If exporters eat most of the cost, Trump may continue or raise tariffs.

4️⃣ What’s Next in Talks?

80% of U.S. imports come from EU, Mexico, China, Canada, Japan, Vietnam, and Korea. These talks are crucial.

If they agree to lower tariffs, buy more U.S. goods, or reduce DST, Trump may ease up—possibly with quotas or partial exemptions.

If not, full tariffs roll out August 1.

5️⃣ Market Impact

Markets have become more resilient to tariff headlines. If deals happen before August, markets could react positively.

If not, new tariffs could hit—but likely with less shock than April’s.

Did Ancient Whale BTC Transfers Really Crash the Market?

BTC price dropped earlier this week, with many pointing to an “ancient whale” moving coins as the trigger. But what do the numbers really say?

📈 Selling pressure was already rising

After BTC broke above $115K, daily exchange inflows jumped from 30,000 BTC to 50,000 BTC. Investors began taking profit even before the whale news.

🐋 The whale only moved ~3,000 BTC

The so-called ancient whale only added ~3,000 BTC to the inflows — a small portion of the total. And exchange withdrawals didn’t rise, meaning most of the BTC hasn’t been sold yet.

⚖️ Stability relies on low selling, not strong buying

Net inflow data shows 13,000+ BTC are now sitting idle on exchanges. That means excess supply hasn’t been absorbed. If negative news hits, it could trigger panic selling.

⬆️ Rebound driven by low liquidity + policy hope

Today’s rebound seems to reflect low Asian-session liquidity + hope that Trump flipped some lawmakers before the upcoming stablecoin vote. A small amount of buying lifted price, not strong demand.

🧠 Whale panic = psychological, not structural

Exchange BTC reserves are now up 18,000 BTC from last week’s low. That supply hasn’t exited yet. The real threat isn’t the whale — it’s investor fear and lack of buying power.

Did Ancient Whale BTC Transfers Really Crash the Market?

BTC price dropped earlier this week, with many pointing to an “ancient whale” moving coins as the trigger. But what do the numbers really say?

📈 Selling pressure was already rising

After BTC broke above $115K, daily exchange inflows jumped from 30,000 BTC to 50,000 BTC. Investors began taking profit even before the whale news.

🐋 The whale only moved ~3,000 BTC

The so-called ancient whale only added ~3,000 BTC to the inflows — a small portion of the total. And exchange withdrawals didn’t rise, meaning most of the BTC hasn’t been sold yet.

⚖️ Stability relies on low selling, not strong buying

Net inflow data shows 13,000+ BTC are now sitting idle on exchanges. That means excess supply hasn’t been absorbed. If negative news hits, it could trigger panic selling.

⬆️ Rebound driven by low liquidity + policy hope

Today’s rebound seems to reflect low Asian-session liquidity + hope that Trump flipped some lawmakers before the upcoming stablecoin vote. A small amount of buying lifted price, not strong demand.

🧠 Whale panic = psychological, not structural

Exchange BTC reserves are now up 18,000 BTC from last week’s low. That supply hasn’t exited yet. The real threat isn’t the whale — it’s investor fear and lack of buying power.

✅ Bottom line:

The “ancient whale” headlines caused fear, but the actual data shows limited impact. What really matters is whether the market can absorb increasing BTC inflows without stronger demand.

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

•

New Narratives vs. Liquidity Injection: A Debate

•

@0xcryptowizard

•

There’s no need to be disappointed in crypto—try looking at things from a more complete perspective. Over the past three years, despite tight macro conditions and a lack of innovation, on-chain inscriptions and memes have still brought plenty of opportunities.We can’t even predict tomorrow, so stop worrying about the future of crypto. Liquidity and innovation usually come together when that moment comes, shut up and ape in.

•

🔗https://x.com/0xcryptowizard/status/1942721154093076900

•

@qinbafrank

•

Without innovation, there are no expectations; without expectations, it’s hard to form consensus and naturally, the market lacks imagination. Liquidity is a catalyst, but it cannot replace innovation. If so-called “innovation” only comes with liquidity, it’s likely just storytelling and won’t last. What truly drives long-term market growth is ongoing innovation and real-world value. In past cycles—like the internet and AI booms—it wasn’t liquidity that led the way, but constant technical breakthroughs and real adoption. Only then will capital keep flowing in and create a positive feedback loop.

•

🔗https://x.com/qinbafrank/status/1942760175795888479

•

Why Have Many Major Players “Retired” Their Main Wallets? There are likely two main reasons behind this trend:

•

Excessive copy-trading pressure – Once a main wallet makes a purchase, various copy-trading bots immediately push the price up. As a result, the price often hits the expected target almost instantly, leaving no room for further operations. If they sell, they’re criticized by the public; if they hold, they face heavy sell pressure.

•

Avoiding conspiracy theories – Public wallets often attract baseless accusations such as “insider trading,” “coordinated dumping,” or “using alt wallets to exit positions.” These rumors create emotional stress and reputational risks for the wallet owner.

•

https://x.com/0xSunNFT/status/1942821038401937806

•

Bonk.Fun gaining momentum — These 3 meme tokens are leading the market this week

•

USELESS

•

HOSICO

•

LetsBONK

•

🔗https://www.theblockbeats.info/news/58857

•

The Pump Fades, Bonk Takes the Throne | A Wild 48 Hours of Letsbonk

•

🔗https://x.com/kaikaibtc/status/1942157561081495565

📰Daily Market Insights

1.Trump Says GENIUS Bill Will Be Passed Tomorrow

2.TAC Announces Airdrop Claim Guide: Only Supports TON Wallet, Staking and Locking for 60 Days to Receive 100% Allocation

3.PUMP Surges Over 15% in 24 Hours, Market Cap Reaches $23.9 Billion

4.Meme Coin Ani, Based on the Grok Humanoid Companion, Sees Market Cap Briefly Exceed $25 Million

5.Plasma Announces Testnet is Now Live

🐶MemeCoins

The war between BONK and BSC is about to erupt. Tom has been actively engaging in Chinese, winning the hearts of the CN community. If BSC doesn’t step up, it’ll be left with nothing but scraps.

So FOUR couldn’t stay silent—launched Chinese-character tokens overnight to join the battle.

🚀 BONK’s Chinese leader: 旺柴 CA: 83kGGSggYGP2ZEEyvX54SkZR1kFn84RgGCDyptbDbonk

🔥 BSC’s response: 哈喽 CA: 0x29776fcd48e9506f9421cec21cd48304ff564444

Check the orign link

2025-07-09 Report

📅 July 09, 2025｜Crypto Research Brief

⛱️ Before We Begin

Cryptocurrencies involve uncertainty and risk. You may lose your entire principal.

This report is for sharing purposes only and does not constitute investment advice. Please make investment decisions rationally.

一、Indicators

📊The Market

Currencies: 17,595

Exchanges: 1,308

Total Market Cap: US$3340 B 2.4%📈

24-Hour Trading Volume: US$82.4B

BTC 62.9% ETH 9.2%

Gas: 0.35 GWEI

Altcoin Season Index: 27

Fear & Greed Index:67

（Data sourced from CoinGecko）

🧭Stablecoin Metrics

Market Cap of USD-Pegged Stablecoins: $260 B

🔥Liquidation Map

二、SEC&ETF&Policy & Macro Analysis

BTC ETF

ETH ETF

🏙️Macroeconomic Overview

•

On Interest Rate Cuts

Interest rate cuts are key to advancing Trump’s fiscal and trade policies. However, under current circumstances, Powell is unlikely to cooperate—especially with a July rate cut now virtually off the table.

As a result, Trump is highly likely to nominate a new Federal Reserve Chair this month. Among the potential candidates, Biesent—though pro-Trump—lacks a seat on the Fed’s Board of Governors, making it difficult to influence internal policy direction. By contrast, if a sitting governor such as Bowman or Waller were appointed, it could create internal momentum within the Fed to gradually pivot toward a more dovish stance.

Such a personnel shift would not only intensify internal dynamics at the Fed but also raise market expectations for future rate cuts. Without timely signals of monetary easing, fiscal pressure will continue to drain market liquidity through persistently high interest rates.

Therefore, Trump is likely to use this appointment to counterbalance monetary policy, providing support for both his tariff strategy and the “Make America Beautiful Act.”

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

•

New Narratives vs. Liquidity Injection: A Debate

•

@0xcryptowizard

•

🔗https://x.com/0xcryptowizard/status/1942721154093076900

•

@qinbafrank

•

🔗https://x.com/qinbafrank/status/1942760175795888479

•

Why Have Many Major Players “Retired” Their Main Wallets? There are likely two main reasons behind this trend:

•

https://x.com/0xSunNFT/status/1942821038401937806

•

Bonk.Fun gaining momentum — These 3 meme tokens are leading the market this week

•

USELESS

•

HOSICO

•

LetsBONK

•

🔗https://www.theblockbeats.info/news/58857

•

The Pump Fades, Bonk Takes the Throne | A Wild 48 Hours of Letsbonk

•

🔗https://x.com/kaikaibtc/status/1942157561081495565

📰Daily Market Insights

SOON Team Responds to Unusual Price Volatility: No Token Sale, Will Continue Product Development

Phantom Introduces Perpetual Contract Trading Feature in Wallet Supported by Hyperliquid

CME Group’s Solana Futures Trading Volume Surpasses $4 Billion

REX-Osprey SOL Spot ETF Sees Net Inflow of $21 Million Yesterday, Accumulating Net Inflow of $41.2 Million Since Listing

Musk Mentions “Peanut” in Tweet, Suggests Government Is in Deep Trouble

Check the orign link

2025-07-02 Report

📅 July 02, 2025｜Crypto Research Brief

⛱️ Before We Begin

Cryptocurrencies involve uncertainty and risk. You may lose your entire principal.

This report is for sharing purposes only and does not constitute investment advice. Please make investment decisions rationally.

一、Indicators

📊The Market

Currencies: 17,575

Exchanges: 1,298

Total Market Cap: US$3400 B 2.2%📉

24-Hour Trading Volume: US$86 B

BTC 62.5% ETH 8.7%

Gas: 0.4 GWEI

Altcoin Season Index: 24

Fear & Greed Index:62

（Data sourced from CoinGecko）

🧭Stablecoin Metrics

Market Cap of USD-Pegged Stablecoins: $262.7 B

🔥Liquidation Map

二、SEC&ETF&Policy & Macro Analysis

BTC ETF

ETH ETF

🏙️Macroeconomic Overview

•

BTC According to recent weekly distribution data of $BTC, high-net-worth investors have continued accumulating, while smaller investors appear more hesitant and reactive to price movements. Signs of buying tops and selling bottoms are evident, with many retail holders offloading their positions. Meanwhile, the price has returned to around **$107,000**.

•

Four Key Policy Events

•

The “Great America Act” narrowly passed the Senate thanks to a key vote from Vance. However, due to discrepancies between versions, it still needs to go through a reconciliation process with the House.

•

Trump vs. Musk Clash: The bill reignited tensions between Trump and Musk. This time, Trump took a more aggressive stance, publicly lashing out at Musk. Given SpaceX and Starlink’s heavy reliance on U.S. government contracts, Musk currently lacks strong leverage.

•

Powell’s Speech: Fed Chair Jerome Powell made it clear that there will be no rate cut in July, but the window for a September cut is open. Trump immediately responded by calling Powell an “idiot” and even threatened to announce his replacement as early as next week.

•

SEC ETF Regulation: The SEC is preparing to roll out a standardized framework for token-based spot ETFs, clarifying rules around NAV calculation, custody, service provider agreements, and governance structure. Regulatory implementation is clearly accelerating.

$BTC price remains relatively stable with solid support and low turnover rates. There’s no sign of panic in the market. Most believe the Trump–Musk conflict is just political drama with limited systemic impact. On the contrary, the passing of the “Great America Act” has raised expectations for potential fiscal stimulus.

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

📰Daily Market Insights

1.Publicly Listed Companies Accumulate 245,510 Bitcoins in the First Half of the Year, More Than Twice the ETF Purchase Volume

2.US Stock Market Company Oblong Spends $1.65 Million to Increase Its TAO Holdings

3.Publicly Listed Company Dogecoin Cash Establishes New Subsidiary to Support DOGE Treasury Strategy

4.Ethereum Community Fund is Now Officially Established to Drive ETH Price Increase

5.Nomura Raises Robinhood’s Target Price to $99

Check the orign link

2025-06-25 Report

📅 June 25, 2025｜Crypto Research Brief

⛱️ Before We Begin

Cryptocurrencies involve uncertainty and risk. You may lose your entire principal.

This report is for sharing purposes only and does not constitute investment advice. Please make investment decisions rationally.

一、Indicators

📊The Market

Currencies: 17,515

Exchanges: 1,294

Total Market Cap: US$3400 B 0.4📈

24-Hour Trading Volume: US$117.9 B

BTC 61.7% ETH 9.0%

Gas: 4.8 GWEI

Altcoin Season Index: 18

Fear & Greed Index:48

（Data sourced from CoinGecko）

🧭Stablecoin Metrics

Market Cap of USD-Pegged Stablecoins: $262.7 B

🔥Liquidation Map

二、SEC&ETF&Policy & Macro Analysis

BTC ETF

ETH ETF

🏙️Macroeconomic Overview

•

On the Fed’s Rate Cuts At Powell’s congressional testimony last night, I personally think the most important part is this: you could say he was dodging direct answers (like practicing Tai Chi), but he also outlined the Fed’s decision-making path going forward:

•

If inflation isn’t as strong as expected or the labor market weakens, a rate cut could come earlier;

•

But if inflation and the labor market remain strong, then the cut would come later. It will take time to observe—seems like it all hinges on inflation and labor data from July and August. Previously, it was believed that with final tariffs expected to settle around the 10% level, inflation would have a one-time effect (not lasting too long). The recent Israel ceasefire mainly pulled oil prices down, which weakens the upward pressure on June inflation.

Personally, I previously expected a September cut to be more likely—let’s see if that turns out accurate.

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

📰Daily Market Insights

CICC International Officially Approved to Provide Cryptocurrency and Other Virtual Asset Trading Services

US Stock Coinbase Surges 10% Intraday, Reaching a Market Value of $86 Billion

“SOL Edition MicroStrategy” DDC Launches WIF Validation Node, Plans to Share Staking Rewards with the Community

New York City Mayor Unveils Cryptocurrency Plan, Proposing Cryptocurrency Payments for Municipal Service Fees

Crypto Fear Index Rises to 66, Market Returns to “Greed” State

Check the orign link

2025-06-17 Report

📅 June 11, 2025｜Crypto Research Brief

⛱️ Before We Begin

Cryptocurrencies involve uncertainty and risk. You may lose your entire principal.

This report is for sharing purposes only and does not constitute investment advice. Please make investment decisions rationally.

一、Indicators

📊The Market

Currencies: 17,411

Exchanges: 1,292

Total Market Cap: US$3391 B 3.7%📉

24-Hour Trading Volume: US$117.9 B

BTC 61.7% ETH 9.0%

Gas: 0.3 GWEI

Altcoin Season Index: 18

Fear & Greed Index:48

（Data sourced from CoinGecko）

🧭Stablecoin Metrics

Market Cap of USD-Pegged Stablecoins: $261.6 B

🔥Liquidation Map

二、SEC&ETF&Policy & Macro Analysis

BTC ETF

ETH ETF

🏙️Macroeconomic Overview

•

US Stock Market Alt Season The current “altcoin season” in the crypto market presents an awkward contrast when compared to the stock market. Reflecting on the past two and a half years, the wealth creation effect on crypto has been underwhelming. Beyond Bitcoin, very few altcoins have outperformed stocks like NVIDIA, not to mention other high-flyers such as $PLTR, $APP, or crypto-linked equities like $COIN, $MSTR, and $HOOD.

Short-term speculative spikes are meaningless—what. What truly matters is an asset’s ability to recover and sustain value after corrections. Yet, many crypto tokens (and even some of today’s hot crypto-related stocks) surge briefly only to fade permanently.

From an investment perspective, returns alone are insufficient; durability and predictability are equally critical.

•

Stablecoins

•

JD Coin Chain CEO: JD Worldwide Hong Kong & Macau Station to Support Stablecoin Payments

•

Coinbase CEO: Stablecoins are the Viral Flywheel for Crypto User Onboarding

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

📰Daily Market Insights

1.U.S. Senate Votes to Approve the “GENIUS Stablecoin Act”

2.JPMorgan to Pilot Deposit Token (JPMD) on the Base Network

3.pump.fun and Its Founder’s Official X Account Are Now Unbanned

4.VanEck Solana Spot ETF with Code VSOL Listed on DTCC Official Website

5.Coinbase Seeking SEC Approval to Offer Stock Trading Services on Blockchain

Other Hot Topics

100,000 Users Exit: Those Who Lost Money in Binance Alpha

•

After the flash crashes of $ZKJ and $KOGE, activity on Binance Alpha has seen a significant decline. According to Dune data, the number of Alpha trading users plummeted from a peak of 233,000 on June 12 to 195,000 on June 15 — a sharp drop of nearly 40,000 users in just three days. As of today, the number of users actually making trades on the platform has further decreased to 70,000, revealing a cliff-like drop in user enthusiasm and participation. Meanwhile, the marginal cost of point farming has risen substantially, and the cost-effectiveness of the Alpha game is rapidly deteriorating.

•

Learn More

Reviewing the $ZKJ and $KOGE Flash Crashes

•

The flash crashes of $ZKJ and $KOGE may have been a long-planned rug pull 🔪.Three key addresses targeted the massive wash-traded volumes and liquidity of these two tokens under the Binance Alpha campaign. Tonight, by applying dual pressure — withdrawing large amounts of liquidity and continuous selling — they triggered the successive collapse of both $ZKJ and $KOGE, leaving no survivors.

•

Learn More

Check the orign link

2025-06-11 Report

📅 June 11, 2025｜Crypto Research Brief

⛱️ Before We Begin

Cryptocurrencies involve uncertainty and risk. You may lose your entire principal.

This report is for sharing purposes only and does not constitute investment advice. Please make investment decisions rationally.

一、Indicators

📊The Market

Currencies: [17,411]

Exchanges: [1,281]

Total Market Cap: [US$3754 B] 1.7%📉

24-Hour Trading Volume: [US$140.18 B]

[BTC 61%📈 ETH 9.4%📈]

Gas: 1.62 GWEI

Altcoin Season Index: [31]

Fear & Greed Index:[68]

（Data sourced from CoinGecko）

🧭Stablecoin Metrics

Market Cap of USD-Pegged Stablecoins: $254.4 B

🔥Liquidation Map

二、SEC&ETF&Policy & Macro Analysis

BTC ETF

ETH ETF

🏙️Macroeconomic Overview

•

Divergence Between U.S. Institutional and Retail Investors Resurfaces

•

According to the latest trading data from Goldman Sachs, after heavy selling and shorting in April, hedge funds have now entered a full-blown panic buying mode. Last week marked their fifth consecutive week of net buying U.S. equities, with long positions outpacing shorts by approximately 3 to 1. While hedge funds are “chasing the rally” in U.S. stocks, retail investor enthusiasm in Asia is cooling. Korean and Japanese retail investors have turned to short-selling, while buying activity in Singapore has dropped sharply.

•

Official data released on Tuesday showed that South Korean retail investors became net sellers of U.S. stocks in May for the first time, while Japanese accounts turned net sellers of U.S.-listed ETFs. In Singapore, the number of traders buying U.S. equities in May fell by one-fourth compared to the previous month.

•

The tokenization of US stocks is heating up again. Which on-chain platforms support trading US stocks?

•

Recently, the lines between “crypto” and “U.S. stocks” have increasingly blurred. On one hand, U.S.-listed firms like SharpLink and GameStop have seen stock surges after embracing crypto assets. On the other, crypto companies are going public—most notably Circle, which closed its first trading week at $107.7, up 247% from its IPO price of $31. BitMEX co-founder Arthur Hayes even suggested Circle’s debut could spark a wave of crypto IPOs. As excitement builds, on-chain trading of U.S. stocks is quickly becoming a hot trend.

•

Learn more 👉https://en.theblockbeats.news/news/58527

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

📰Daily Market Insights

1.Ethereum ecosystem tokens see broad gains, with UNI surging 23.4% in 24 hours

2.Silhouette, a privacy execution layer based on Hyperliquid, completes $3M Pre-Seed funding round led by RockawayX

3.Ethereum Foundation releases the 1TS “Security Challenges Overview” report

4.SlowMist’s Cosmos: Stolen assets from Alby wallet have been recovered

5.HYPE surpasses $42, hitting a new all-time high

Check the orign link

2025-06-04 Report

📅 June 04, 2025｜Crypto Research Brief

⛱️ Before We Begin

Cryptocurrencies involve uncertainty and risk. You may lose your entire principal.

This report is for sharing purposes only and does not constitute investment advice. Please make investment decisions rationally.

一、Indicators

The Market

Currencies: [17,210]

Exchanges: [1,276]

Total Market Cap: [US$3.561T 1.5%]

24-Hour Trading Volume: [US$122.567 B]

Market Dominance:

[BTC 60.9%ETH 8.97%]

Gas: 0.87 GWEI

Fear & Greed Index:[68]

（Data sourced from CoinGecko👉https://www.coingecko.com/）

Stablecoin Metrics

Market Cap of USD-Pegged Stablecoins: $251.4 B

Liquidation Map

二、SEC&ETF&Policy & Macro Analysis

BTC ETF

ETH ETF

Macroeconomic Overview

•

The Fear & Greed Index has dropped to 64. In a bull market, when this value approaches 40, it often signals a strong short-term entry point.Meanwhile, ETF data is showing some notable changes: Over the past 3 days, Bitcoin ETFs have seen net outflows, with BlackRock reportedly selling some of its holdings.On the other hand, Ethereum ETFs are experiencing consistent net inflows.While the inflow volume isn’t large yet, it does mark a positive trend and a potential shift in market sentiment toward ETH.

•

Indicator Analysis – June 4, 2025

•

Percentage of coins held >1 year: 62.2% (Below 55% indicates a high-risk zone)

•

Ahr999X Index: 2.88 (>9 indicates DCA zone; <0.4 indicates market top)

•

Bitcoin Dominance: 64.03% (Near 40% typically signals a market top)

•

Fear & Greed Index: 64 (Near 100 indicates high risk; below 10 indicates a bottom-buy zone)

•

Bitcoin Rainbow Chart: HODL! (Orange-red indicates high risk; dark blue indicates accumulation zone)

•

PI Cycle Indicator Cross Distance: Very far (“Cross” typically signals a bull market top)

•

RHODL Ratio: 3115 (>10,000 suggests a top; <300 indicates a strong bottom-buy zone)

•

Jiang Zhuoer’s 60-day BTC Gain: 25.8% (>80% signals short-term bubble risk)

•

RSI (Relative Strength Index): 70.08 (<45 indicates accumulation; >85 signals a possible top)

•

Altcoin Season Index: 22 (<25 = undervalued zone; >75 = bubble zone)

•

Bitcoin ETF Net Flow (USD million): -267.5

•

Ethereum ETF Net Flow (USD million): 78.2

•

DCA / Take-Profit Index: Hold Zone (Ranges: Accumulation / DCA / Hold / Take Profit / Market Top)

•

Daily BTC Trend: Uptrend (Options: Uptrend / Downtrend)

•

Bull Market Exit Countdown: 105 days remaining

•

Source: Bull Market Exit Guide

•

The End of the VC-Era Foundation Model

•

Venture capital giant a16z just published a powerful piece calling for the end of the “foundation era” in crypto — and the timing couldn’t be better.It’s time to move beyond outdated structures and build new systems with better incentives, accountability, and scalability.

•

Today, foundation employees and board members often receive high salaries without delivering meaningful work. Worse, they’re nearly impossible to fire and face little to no consequences — even when they underperform or actively harm the project.This is one of the core ethical dilemmas in crypto today:Once a token is launched and listed on major exchanges, many founding teams lose the motivation to keep building. There’s little accountability — rugging, ghosting, or simply coasting becomes normalized.

•

Full article:👉https://a16zcrypto.com/posts/article/end-foundation-era-crypto/

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

Daily Market Insights

1.TRUMP Team-Associated Address Deposits 4.16M TRUMP to CEX, Valued at Approximately $46.97M

2South Korean Media: Lee Jae-myung Elected President of South Korea

3.Trump’s Social Media Platform Truth Social Submits Bitcoin ETF Application

4.Ethereum Co-founder: Currently in Talks with a Sovereign Wealth Fund of a Certain “Major Country” for a Collaborative Project Based on Ethereum

5.Trump’s Son: Market’s New TRUMP Wallet Launch Unrelated to Trump Organization, WLFI to Release Official Wallet

On-Chain Trends

•

Binance Alpha’s Bull Run

•

This week’s bull run belongs solely to Binance Alpha. On BNB Chain, it feels like “a spring breeze came overnight, and thousands of meme tokens bloomed.” The explosive rally was led by **$BOB**, the first mover to break out.

•

$BOB was the pioneer who “ate the crab” first.And it’s only the beginning — **$Ghibli, $TAT, $BNBXBT**, and $QUA are following closely. With market caps in the hundreds of thousands, just a small push in volume is enough to send them skyrocketing onto the trending list. A few multiples of gain is no longer a dream.The key is, now everyone understands the playbook:Alpha exposure → team accumulation → trending pump → retail FOMO in.

•

Beyond Binance Alpha: What’s the next wealth playbook?

•

What other trending tokens on the BNB Chain are quietly attracting capital inflows? How can retail investors leverage USD1 and the liquidity waves created by Binance Alpha to seize new opportunities?This article breaks down the BNB Chain wealth meta to help you discover the next big move.

•

Read more 👉 https://www.theblockbeats.info/news/58443

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2025-05-28 Report

📅 May 28, 2025｜Crypto Research Brief

⛱️ Before We Begin

Cryptocurrencies involve uncertainty and risk. You may lose your entire principal.

This report is for sharing purposes only and does not constitute investment advice. Please make investment decisions rationally.

一、Indicators

The Market

Currencies: [17,210]

Exchanges: [1,276]

Total Market Cap: [US$3.561T] 1.5%

24-Hour Trading Volume: [US$122.5667B]

Market Dominance:

[BTC 60.9%ETH 8.97%]

Gas: 0.87 GWEI

Fear & Greed Index:68

（Data sourced from CoinGecko）

Stablecoin Metrics

Market Cap of USD-Pegged Stablecoins $249.4 B

Liquidation Map

二、SEC&ETF&Policy & Macro Analysis

BTC ETF

ETH ETF

Macroeconomic Overview

Last night, U.S. stocks surged. Trump’s media group raised $2.5 billion with plans to accumulate Bitcoin in the future. SharPlink secured $400 million to stockpile Ethereum. Square has enabled all its payment terminals to accept Bitcoin payments. Despite these bullish developments, Bitcoin failed to reach a new high, and Ethereum only briefly touched its two-week peak.

This suggests that market sentiment is weakening — a signal that shouldn’t be ignored. The next potential catalyst lies in whether the U.S. can finalize agreements with India, Japan, or the EU. If that happens, it may give sentiment a final boost, though by then, expectations may already be fully priced in.

As it stands, the rally that began in mid-April seems to have played out for the most part, though it’s not yet over. We may be closer to the end, but the move hasn’t completely exhausted itself. Attention now turns to whether U.S.-India, U.S.-Japan, or U.S.-EU trade deals can be reached in the next two weeks to fully price tariff negotiation optimism.

Bull Market Top Signals Checklist

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

Daily Alpha

A major whale has once again accumulated $10 million worth of AAVE, with unrealized gains on the total position nearing $30 million.

The SEC has initiated further review proceedings for WisdomTree’s spot XRP ETF application.

The Bitcoin 2025 Conference has officially opened, featuring speeches from Donald Trump Jr. and David Sacks on the first day.

Circle has spent approximately $99.8 million to acquire RWA issuer Hashnote.

Metaplanet’s share price has risen over 20% in the past five days, pushing its market cap to $4.53 billion.

On-Chain Trends

•

HYPE Is it true that someone transferred 3,000 ETH to A8? How can you participate in Hyperliquid’s wealth effect?

It has been two months since the $JELLYJELLY incident. The Hyperliquid platform token $HYPE has not only hit an all-time high but has also gained wide attention due to James Wynn. Beyond $HYPE and James Wynn, another aspect of Hyperliquid is quietly developing—their their Layer 1 HyperEVM. Read more 👉 https://www.theblockbeats.info/news/58350

•

Solana Over the past week, only a few Meme projects on-chain have stood out as hotspots. However, the overall sector heat has clearly cooled, with most projects falling silent and community discussions gradually fading. Market sentiment has become more subdued.

•

Web 2IP: Labubu Achieved 40x returns in one month. How did retail investors capture the $LABUBU opportunity? | 100x Review Read more 👉 https://www.theblockbeats.info/news/58350

•

BSC In contrast, BSC saw a new wave of single-letter Meme tokens sparked by the launch of the $USD1 trading pair. Among them, $B surged strongly, igniting market sentiment and driving related projects like $CA and $USD1DOGE to take turns performing, injecting a bright spot into the otherwise sluggish market.

Check the orign link

2025-05-21 Report

📅 May 21, 2025｜Crypto Research Brief

⛱️ Before We Begin

Cryptocurrencies involve uncertainty and risk. You may lose your entire principal.

This report is for sharing purposes only and does not constitute investment advice. Please make investment decisions rationally.

一、Indicators

The Market

Currencies: [17,124]

Exchanges: [1,273]

Total Market Cap: [$ 3.511T ]0.5%

24-Hour Trading Volume:[$ 120.159B]

Market Dominance:

[BTC 60.7%ETH 8.90%]

Fear & Greed Index: 69

Altcoin Season Index:18

（Data sourced from CoinGecko）

Stablecoin Metrics

Market Cap of USD-Pegged Stablecoins $247.1 B

Liquidation Map

二、SEC&ETF&Policy & Macro Analysis

BTC ETF

ETH ETF

Macroeconomic Overview

Market Analysis

At the moment, the market is still in a wide-ranging sideways chop. Since I’m not good at short-term trading, I’m staying on the sidelines and waiting it out. If the price dips significantly, I’ll consider buying; if it rises, I’ll just sit back and stay calm — simple and stress-free.

There’s nothing particularly unusual in the data. The main thing worth noting is that the Bitcoin ETFs have been repeatedly hitting new highs.

Looking at the long/short ratio and funding rates, overall market sentiment has picked up slightly, but not by much. Bears seem to be showing signs of surrender on the surface, but behind the scenes, they’re still eager to fight. Once the market fully shakes them out and they start flipping long, that’s usually a sign the top is near.

Market Indicators – May 20, 2025

BTC Holding Period >1 Year: 62.8% (Below 55% indicates a high-risk zone)

Ahr999X Index: 2.77 (>9 = DCA zone; <0.4 = market top)

Bitcoin Dominance: 63.9% (Near 40% often signals a cycle top)

Fear & Greed Index: 71 (Closer to 100 = high-risk; <10 = buy zone)

Bitcoin Rainbow Chart: HODL! (Orange-red = high risk; dark blue = bottom)

PI Cycle Distance: Far (Crossing = bull market top)

RHODL Ratio: 3,024 (>10,000 = top zone; <300 = bottom zone)

**60-Day Price Change (Jiang Zhuo’er Index)**: +24% (>80% indicates short-term bubble risk)

**RSI (Relative Strength Index)**: 69.07 (<45 = buy zone; >85 = top signal)

Altcoin Season Index: 16 (<25 = undervaluation zone; >75 = bubble zone)

BTC Spot ETF Net Flow: $667.4 million

ETH Spot ETF Net Flow: $13.7 million

DCA Strategy Index: Holding Zone (Buy Zone / DCA Zone / Holding Zone / Sell Zone / Top Zone)

BTC Daily Candlestick Trend: Uptrend (Uptrend / Downtrend)

Bull Market Top Countdown: 120 days remaining

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

Daily Market Insights

1.Hyperliquid High Win Rate Whale Goes Short on Bitcoin with 40x Leverage, Short Position Valued at $88.41 Million

2.BNB Chain Ecosystem Project BUILDon(B) On-Chain Transaction Volume Surpasses $100 Million

3.Ethereum Co-Founder Jeffrey Wilcke has transferred 394,000 ETH to Kraken since 2016, with a total cash-out amount of approximately $510 million.

4.Bloomberg Analyst: BlackRock’s Bitcoin Holdings Reach 57% of Satoshi Nakamoto’s, Projected to Become the World’s Largest Bitcoin Holder by Next Summer

5.Robinhood has submitted a proposal to the U.S. SEC to advance the establishment of an RWA tokenization federal framework.

Meme Coins – Trending in the Last 24 Hours

•

$GENE

•

Narrative: A meme launched by Chinese creators, quickly reached a $10M market cap.

•

$EVIE

•

Narrative: The “third daughter” of Peppa Pig — meme storytelling driving hype.

Check the orign link

2025-05-14 Report

📅 May 14, 2025｜Crypto Research Brief

⛱️ Before We Begin

Cryptocurrencies involve uncertainty and risk. You may lose your entire principal.

This report is for sharing purposes only and does not constitute investment advice. Please make investment decisions rationally.

一、Indicators

The Market

•

Currencies: 16,970

•

Exchanges: 1,268

•

Total Market Cap: $3.5 Trillion (+1.1%)

•

24H Trading Volume: $150.25 Billion

Market Dominance:

•

BTC: 58.9%

•

ETH: 9.20%

Sentiment Indicators

•

Fear & Greed Index: 74

•

Altcoin Season Index: 29

（Data sourced from CoinGecko）

Stablecoin Metrics

•

Market Cap of USD-Pegged Stablecoins: $245.3 B

Liquidation Map

二、SEC&ETF&Policy & Macro Analysis

BTC ETF

ETH ETF

Macroeconomic Overview

📈 Market Analysis

Since mid-April, macro narratives have centered around four key themes:

Trump’s shift in stance (softening tone and pushing forward trade negotiations)

Rising expectations of a recession

Concerns over re-inflation

Federal Reserve policy outlook

Following the conclusion of the Geneva summit and the subsequent joint economic and trade statement, tariff and trade negotiations have temporarily receded from the spotlight.

April CPI Data Highlights

The focus this time is on the month-over-month (MoM) data, which came in at **0.2%**, matching the Cleveland Fed’s forecast.

A significant drop in energy prices helped offset inflation in new/used cars and food. This is likely a major reason why year-over-year (YoY) CPI met expectations while MoM CPI came in slightly lower than expected.

Real income MoM fell by -0.1%, significantly below the previous figure. Since real income reflects the total earnings individuals receive from wages, rents, dividends, and social benefits, it serves as a better gauge of actual purchasing power. This decline in real income is dragging down consumer spending. However, in my view, the main driver of this drop may be stock market correction effects.

Short-term outlook: Slightly bullish. Next focus is Thursday night’s PPI data.

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

Daily Market Insights

1.Abstract Chain is expected to conduct its TGE by the end of the year.

2.Virtuals Protocol Introduces VIRTUAL Staking Feature

3.Believe Ecosystem Token’s Total Market Cap Surpasses $260 Million, Platform Creates Over 3200 Tokens

4.SEC Seeks Feedback on BlackRock Bitcoin ETF Physical Redemption, Delays Grayscale Solana and Litecoin ETF Proposals

5.Cryptocurrency brokerage firm eToro has completed its IPO in the United States, raising nearly $3.1 billion

On-Chain Trends

Believe

•

X：https://x.com/believeapp

•

Project Background

•

👉 Illustrated Guide

•

👉 LaunchCoin 20x in One Day, How Did Believe Create a $200M Market Cap Gold Dog After Going to Zero? | 100x Retrospective

•

Rules & Mechanics

•

KOL Review

•

https://x.com/yuyue_chris/status/1922541237099495645

Pump.fun Sees Its First Breakdown

•

Raydium’s LaunchLab Ecosystem Strikes Back On May 13, on-chain data analyst Adam shared Dune dashboard data on X, showing that in the past 24 hours, Raydium’s token launch platform LaunchLab (including third-party platforms like Letsbonk.Fun built on LaunchLab) saw 198 tokens graduate — surpassing Pump.fun’s 171 graduated tokens during the same period.Adam commented that this marks the first time in history that Pump.fun has faced real competition.

•

👉https://en.theblockbeats.news/news/58155

Check the orign link

2025-05-07 Report

📅 May 07, 2025｜Crypto Research Brief

⛱️ Before We Begin

Cryptocurrencies involve uncertainty and risk. You may lose your entire principal.

This report is for sharing purposes only and does not constitute investment advice. Please make investment decisions rationally.

一、Indicators

The Market

Currencies: 16,978

Exchanges: 1,268

Total Market Cap: US $3.094T 0.1%

24-Hour Trading Volume: US$89.6.88B

Market Dominance: BTC 62.1%ETH 7.16%

Gas: 0.344 GWEI

Fear & Greed Index:68：53

（Data sourced from CoinGecko）

Stablecoin Metrics

•

Market Cap of USD-Pegged Stablecoins: $244.8 B

Liquidation Map

二、SEC&ETF&Policy & Macro Analysis

BTC ETF

ETH ETF

Macroeconomic Overview

1. Tariff Talks Likely to End with Minimal Result

In the end, most countries may only accept a 10% basic reciprocal tariff and a few mild industry-specific tariffs. In return, they’ll cut tariffs on U.S. goods, buy more from the U.S., and offer other benefits. But this won’t happen right away.

Each country wants to negotiate but has its own red lines.

•

Japan wants the U.S. to remove tariffs on cars and steel, but the U.S. hasn’t agreed yet.

•

The EU offered to buy $50B more U.S. goods but also warned it might impose tariffs on $100B U.S. products if talks fail. It also eased limits on China relations.

•

The UK and India signed a trade deal.

•

Trump recently spoke with Australia’s new PM and met Canada’s PM—both still sound tough.

Why? Because 10% is acceptable, but extra or industry-specific tariffs would hit domestic industries hard. So countries delay, waiting for U.S. pressure to rise—especially pressure from Trump’s voter base. Once that happens, he may soften.

Trump’s recent comments already show signs of backing down. He said countries may get lower tariffs to help control prices. The Financial Times reported the U.S. and the UK may soon agree: the U.S. will lower tariffs on British cars and steel, and the UK will reduce tariffs and digital taxes. This deal could become a template for others.

2. Why China’s Central Bank Moved Now

Although China had planned to cut rates later, it acted sooner than expected. There may be several reasons:

China sees the U.S. won’t cut rates soon, and can’t wait any longer due to internal pressure.

China expects the U.S. to cut rates soon and wants to act slightly earlier.

China is confident in trade talks with the U.S. That could mean two things:

•

a) The U.S. is under pressure at home and abroad, and talks must happen. The tariff issue might quietly end.

•

b) U.S.–China trust is low. Even if they reach a deal, it will only be temporary. So no need to wait—just act now.

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

Daily Market Insights

1.The Federal Reserve will announce its interest rate decision tonight, with only a 4.4% probability of a rate cut in May.

2.Binance Alpha’s trading volume reached $290.1 million yesterday, hitting another all-time high.

3.May Day Holiday Meme Frenzy: How Did GORK Get Musk to Change His Avatar? | 100x Review

4.Timeline | 22-year-old Zerebro Co-founder’s「Death」 Mystery: Posthumously Launched Coin to Memorialize Himself, Associated Address Continuously Dumping Tokens

5.The Eight Top Perp DEXs Battle in the “Second Half of the Contract” - Who Will Harvest the Billions in Liquidity?

Check the orign link