Today's Headlines
Bloomberg ETF Analyst: Spot Ethereum ETF Will Not Be Approved in May.
The frenzy is coming! Billions of dollars in cryptocurrencies are waiting for "sell-off".
The New York Times: About 30% of the global gold farmers in blockchain games come from the Philippines.
Bitcoin spot ETF sees large net outflows recently, and blockchain concept stocks are all falling.
US SEC delays decision on Hashdex and Ark 21Shares Ethereum ETF.
USDC Treasury has destroyed a total of 265,390,695 USDC through three transactions in the past 5 hours.
Immutable, King River Capital, and Polygon Labs establish a $100 million Web3 gaming fund.
Galaxy Digital will launch cryptocurrency ETPs in the European market in the coming weeks.
MicroStrategy purchases approximately 9,245 bitcoins for about $623 million in cash.
Grayscale CEO: Expects to reduce the fees for its Bitcoin ETF in the coming months.
Hot Projects (Cross-chain Token Projects)
- Axelar (AXL)
Axelar is a cross-chain interoperability project aimed at providing a unified development environment for all Web3 applications. Its prospects are considered positive as it is connected to 60 chains and has over 600 integrated smart contracts. The Axelar team has a strong academic background and development capabilities, and has completed multiple rounds of financing with a total funding amount of $113.8 million.
- Cosmos (ATOM)
Cosmos allows different blockchain networks to interact and scale independently through its unique blockchain interoperability protocol. Its technological architecture and ecosystem maturity make it an investment worth paying attention to.
- Polkadot (DOT)
Polkadot adopts relay chain technology, supporting a multi-chain and multi-layer architecture that allows the transfer of data and value between different blockchains. Its flexibility and scalability are its main investment highlights.
- Chainlink (LINK)
Chainlink is a decentralized Oracle network that provides cross-chain data transmission services. It plays an important role in the practicality of smart contracts and cross-chain communication.
- Wanchain (WAN)
Wanchain aims to establish a distributed financial infrastructure that supports asset transfer and interaction between different blockchains. Its uniqueness lies in the use of distributed private key control technology, enhancing transaction security.
Market Overview
Bitcoin (BTC) experienced significant fluctuations in the past 24 hours, falling by 6.13%. It reached a high of $68,925 and a low of $61,560, with a volatility of 8.71%. Ethereum (ETH) fell by 6.35% in the past 24 hours, reaching a high of $3,678.84 and a low of $3,207, with a volatility of 9.82%.
Major coins all experienced declines, with SHIB showing a relatively better performance with a 2.69% decrease. The total market capitalization of cryptocurrencies is $2.451 trillion, a 7.2% decrease from yesterday; the 24-hour trading volume across the network is $221.1 billion, showing a slight increase from yesterday.
Today's fear and greed index is 74, a decrease of 5 points from yesterday, indicating a greedy market sentiment.
Today's Huobi fixed investment index is 18, unchanged from yesterday, indicating a holding and wait-and-see attitude.
Market Opportunities
Analyst MAX: Yesterday, cryptocurrencies experienced a deep retracement once again. The blockchain and cryptocurrency sectors of the US stock market fell, leading to a downturn in the cryptocurrency market. The outflow of Bitcoin spot ETF increased, and the lack of news of major institutional buying to support the bulls has led to an increase in bearish sentiment in the market. The price has entered an adjustment phase, with increased downside risks, so caution is advised when considering long positions. Consider shorting opportunities after a rebound. The recent market volatility is significant, so strict risk control and position management are essential. The above is personal advice, for reference only.
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