1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: +0.56%
ETH: -1.87%
XRP: -2.56%
SOL: +1.49%
PEPE: +0.47%
DOGE: -0.72%
BNB: -0.66%
SUI: +5.29%
ADA: +1.65%
TRX: -0.22%
24 H increase list (data source: OKX):
AERGO: +55.35%
RUNECOIN: +25.6%
DORA: +25.09%
GMX: +18.61%
NAVX: +13.33%
CVC: +9.68%
KAITO + 9.15%
SATS: +8.78%
BADGER: +8.76%
PRQ: +8.59%
3. 24-hour hot search currencies
RFC: For details, please see A 200% surge against the trend, will Musks political concept coin RFC be the next big golden dog?
Headlines
Odaily Planet Daily reported that OKX market data showed that BTC fell below 75,000 USDT, reaching a low of 74,501.6 USDT.
Trump says he wont suspend tariffs
Odaily Planet Daily News: US President Trump said on the 7th that he would not suspend the so-called reciprocal tariff policy. After talks with visiting Israeli Prime Minister Netanyahu at the White House that day, Trump told the media that he had no intention of suspending the tariff policy at the moment, and leaders of many economies were seeking to negotiate with him. He believes that the two things of forcibly implementing tariff policies and conducting negotiations are not contradictory. Trump also said that he rejected the EUs proposal earlier that day to exempt tariffs from the United States, No, this is totally not enough, They are cheating us on trade issues. Netanyahu told the media after the talks that Israel will eliminate its trade deficit with the United States as soon as possible. According to US government data, the bilateral trade volume between the United States and Israel in 2024 will be approximately US$37 billion, and Israels trade surplus with the United States will be US$7.4 billion. (Jinshi)
Odaily Planet Daily News: Trumps rapid response team responded to the market rumors of 90-day tariff suspension: Hassett, chairman of the US National Economic Council, said he did not say the relevant news, and (the relevant rumors) are fake news. (Jinshi)
Odaily Planet Daily reported that Hassett, director of the National Economic Council of the United States, was interviewed by Fox News. When host Jimmy asked Trump whether he would consider suspending tariffs for 90 days, Hassett said the interjection Yep before answering, and then said: I think the president will make his decision... Even if you think there will be some negative impact on trade, it will only account for a small part of GDP. Financial blog Zero Hedge explained that the market seemed to have misunderstood Yep as a meaning of agreement, but he said Yep just to show that he heard the question clearly. (Jinshi)
Arthur Hayes: I have been building a Bitcoin position today and will continue to buy
Odaily Planet Daily News: BitMEX co-founder Arthur Hayes wrote, I have been slowly buying BTC today and will continue to buy. Altcoins are approaching our entry range, but I think Bitcoins dominance will continue to be close to 70%. So we will not buy a lot in the altcoin supermarket.
Odaily Planet Daily reported that according to Hyperrscan data, the 50x leveraged whale on Hyperliquid has closed its ETH long position and withdrawn 6395256.49 USDC to Arbitrum, making a profit of 1.87 million US dollars (initial amount of 4.52 million US dollars).
Industry News
Odaily Planet Daily News: As the US governments tariff policy has raised concerns about a global economic recession, traders have raised their expectations for the Federal Reserve to cut interest rates this year, and some even believe that the Fed will cut interest rates before its next meeting.
The overnight interest rate swap market shows that the market expects the Fed to cut interest rates by 125 basis points by the end of this year, equivalent to five 25 basis point rate cuts. Although this expectation has subsequently fallen back, the increase is very significant. Compared with last week, the market has only fully digested the expectation of three rate cuts. Swap contracts also show that the probability of the Fed cutting interest rates by 25 basis points next week is about 40%, which is well before the Fed’s next scheduled policy meeting on May 7.
Emergency rate cuts are extremely rare. The last time the Fed did so was in early 2020 when the coronavirus outbreak disrupted markets. Last August, when U.S. stocks fell sharply due to the unwinding of yen carry trades, traders briefly expected the Fed to cut rates between meetings, but policymakers did not act.
Odaily Planet Daily reported that according to market news: Strategy (formerly MicroStrategy) had unrealized losses of US$5.91 billion in digital assets in the first quarter of 2025, and outstanding debts as of March 31 were US$8.22 billion. The company purchased 80,715 bitcoins in the first quarter, worth US$7.66 billion, an average of US$94,922 per bitcoin.
ZKasino Rug address closed 20x leveraged ETH long position, losing $27.1 million
Odaily Planet Daily reported that according to Onchain Lens monitoring, the ZkCasino Rug address closed its 20x leveraged ETH position on Hyperliquid, with a cumulative loss of US$27.1 million. Previously, its fraud amount exceeded US$40 million.
Pakistan Appoints CZ as Crypto Strategy Advisor
Odaily Planet Daily News Pakistan appointed Binance co-founder CZ as a cryptocurrency strategic advisor. It is reported that CZ will join the Pakistan Cryptocurrency Committee, which is a regulatory agency within the Pakistani government responsible for overseeing blockchain and cryptocurrency projects and helping guide cryptocurrency infrastructure, education, adoption and other aspects. (The Block)
Project News
WLFI plans to airdrop USD 1 to all WLFI holders to test the airdrop function
Odaily Planet Daily News World Liberty Financial released a governance proposal, suggesting that a small amount of USD 1 be airdropped to all current $WLFI holders to test the technical functions of its on-chain airdrop system and thank early supporters.
The proposal shows that the airdrop will be carried out on the Ethereum mainnet, and the specific amount will be finalized by World Liberty Financial based on the total number of eligible wallets and budget, and the funds will be borne by the company. Eligible wallets must hold any amount of $WLFI, and other eligibility criteria and airdrop time will be determined by the company at its sole discretion.
World Liberty Financial said that even if the proposal is approved, the company still reserves the right to suspend, modify or terminate the test airdrop and set other eligibility conditions. This move is aimed at verifying the functionality of smart contracts, increasing market awareness of USD 1, and thanking early supporters.
Tether may launch a new stablecoin specifically for the US market
Odaily Planet Daily reported that according to the Financial Times, Tether, the issuer of the stablecoin USDT, may launch a new token specifically for the United States. Tether CEO Paolo Ardoino said in an interview that the company has been involved in discussions about US stablecoin regulations and may create a token only for the United States, depending on the progress of these discussions.
Paolo Ardoino said the Trump administration sees stablecoins as “an important tool for the United States” and that Tether might be interested in creating a “domestic American” stablecoin, essentially a “settlement currency,” if new rules are introduced to make (U.S.) stablecoins competitive. (CoinDesk)
Mantra launches $108 million ecosystem fund to support RWA and DeFi startups
Odaily Planet Daily News Mantra announced the launch of an ecosystem fund of $108,888,888, which aims to support startups focusing on real-world asset (RWA) tokenization and decentralized finance (DeFi). Mantra said that in the next four years, it will invest funds in high-potential blockchain projects around the world and seek investment opportunities through Mantras partner network. The funds supporters include many institutional partners, including Laser Digital, Shorooq, Brevan Howard Digital, Valor Capital, Three Point Capital and Amber Group. (Cointelegraph)
Regulatory policies
European Commission proposes 25% retaliatory tariffs on a range of US imports
Odaily Planet Daily News: The European Commission proposed to impose a 25% counter-tariff on a series of US imports, which will take effect from May 16. The European Commission removed US bourbon from the list of goods on which it intends to impose counter-tariffs. The document also shows that the European Commission proposed to impose counter-tariffs on some US imports, which are scheduled to take effect on December 1. (Jinshi)
Odaily Planet Daily News: Cai Fengyi, Executive Director of the Investment Products Department of the Hong Kong Securities and Futures Commission, attended the Hong Kong Web 3 Carnival today and stated that the Hong Kong Securities and Futures Commission will issue a circular today to allow licensed virtual asset trading platforms to provide pledge services, including pledges for virtual asset spot ETFs. Pledges allow investors to lock up their virtual assets to support blockchain networks and earn returns, but due to the risks involved, the Securities and Futures Commission will implement additional safeguards, including requiring licensed platforms to keep the pledged virtual assets and setting an upper limit on the proportion of virtual asset spot ETFs that can be pledged to manage liquidity risks.
Cai Fengyi also said that the Hong Kong Securities and Futures Commission is expanding the scope of eligible virtual assets. Initially, virtual asset spot ETFs focused mainly on Bitcoin and Ethereum. Now more virtual assets have met the conditions for retail trading on licensed platforms, which will pave the way for the diversification of ETF products, such as a single ETF that tracks a basket of virtual assets.
Investment and Financing
Multicoin and Electrics AUM growth to exceed 50% in 2024
Odaily Planet Daily News According to the regulations of the U.S. Securities and Exchange Commission (SEC), new documents that investment advisors need to submit show the size of assets under management (AUM) of each company. From 2023 to 2024, according to the financial disclosure data of the six largest crypto venture capital companies: Electric Capital, Pantera Capital, Haun Ventures, Multicoin Capital, Polychain Capital and Paradigm. Their AUMs all increased by more than 10%, with Electric and Multicoin both increasing by more than 50%. (Fortune)
Odaily Planet Daily News: Real estate lending market operator Janover announced that it will adopt a digital asset reserve strategy, and the main holdings will be SOL tokens. Currently, a group of crypto industry leaders have acquired 728,623 common shares and 10,000 Series A preferred shares. The company intends to change its name to DeFi Development Corporation and modify its stock code.
Joseph Onorati, the new chairman and CEO of Janover, said that the team behind the company plans to start purchasing SOL immediately, but did not elaborate on the purchase schedule or method. In addition, it has raised $42 million through the issuance of convertible notes and warrants to acquire SOL. Investors include Pantera Capital, Kraken, Arrington Capital, etc. (CNBC)
Odaily Planet Daily News: Stablecoin protocol Cap announced the completion of a $11 million seed round of financing, led by Franklin Templeton and Triton Capital, with participation from Flow Traders, Laser Digital under Nomura, GSR and IMC Trading. In addition, industry leaders such as Curve founder Michael Egorov and LayerZero founder Bryan Pellegrino also participated in this round of financing.
Cap plans to use the funds to accelerate the development of the stablecoin yield engine, which is scheduled to go online in Q2 2025. The team said that Cap uses the EigenLayer shared security mechanism to improve the sustainability of stablecoin earnings and provide DeFi users with a safer earnings strategy.
Cap was co-founded by former QiDAO co-founder Benjamin.lens, former Beefy CTO Weso, and DeFi Dave. Previously, Cap had received $3 million in investment from institutions and individual investors including SCB under Susquehanna, Kain Warwick, founder of Synthetix, and Fernando Martinelli, founder of Balancer.
Odaily Planet Daily News: Bitcoin decentralized aggregation protocol Sats Terminal has completed a $1.7 million Pre-Seed round of financing, led by Coinbase Ventures and Draper Associates, with participation from Draper Dragon, BitcoinFi Accelerator, UTXO Management, Core Chain Ventures, Sats Ventures, Delta Blockchain Fund, Tenzor Capital and 3 Commas Capital. Sats Terminal was founded by Stanislav Havryliuk and Rishabh Java, with the original intention of making Bitcoin native DeFi products more intuitive and interconnected. (The Block)
Character*Voice
US Presidential Advisor: As long as you dont sell, you wont lose money
Odaily Planet Daily News: Peter Navarro, White House chief strategist and senior presidential adviser, said in an interview with FOX NEWS: As long as you dont sell (stocks), you wont lose money. The smartest strategy now is not to panic and hold on. Under Trumps policies, the stock market will see the biggest boom we have ever seen.
Odaily Planet Daily News: Binance co-founder He Yi said at the Hong Kong Web3 Carnival that Binance does not only want to be a trading platform, but also wants to take on the role of infrastructure, similar to Amazon or Alibaba Cloud, to help more entrepreneurs. Users do not need to be educated, the most important thing is how to make products that users need.
Jack Dorsey: Bitcoin will fail if it is just a store of value
Odaily Planet Daily News: Twitter co-founder and current Block CEO Jack Dorsey said in the Presidio Bitcoin podcast that if Bitcoin becomes just a means of storing value, it will fail because Bitcoins success comes from payment. However, due to its limited supply, Bitcoin has the potential to become a means of storing value on par with gold. This view has led many people to be reluctant to spend their Bitcoin because they hope that the value of the asset will continue to grow, but Jack Dorsey pointed out that if Bitcoin does not transition to payment and find daily use cases, it will eventually deviate from the original intention of the white paper and lead to ultimate failure.
Odaily Planet Daily News: Vance Spencer, co-founder of Framework Ventures, wrote on the X platform that the current situation is complicated, international trade has been completely paralyzed, the real industry is in jeopardy, a large-scale unemployment wave is about to hit, and then the government will have to launch a large-scale stimulus plan to save the inevitable economic recession.
In this market environment, investment categories that are not affected by tariffs and areas where Trump publicly shows favor should be preferred. In addition to cryptocurrencies, perhaps only special commodities with rigid demand such as gold and uranium meet the criteria. Within the cryptocurrency market, focus should be on assets with solid fundamentals, buybacks, and growing adoption, or small-cap currencies that can seize market share. Stablecoins, DeFi, and emerging public chains are most likely to have independent trends. The entire crypto industry will be caught in a war of attrition with the private equity market - teams will collapse one after another, funds will be exhausted or marginalized, venture capital fundraising will become more difficult, and capital supply will gradually shrink. This is not a bad thing. This industry already needs to eliminate half of VC funds and junk projects.
Spencer added that he has never been so optimistic about the crypto market in many years. The triple resonance of price trends, adoption rates and fundamentals indicates that many assets in the crypto ecosystem will see a 10-20 times increase. Framework will increase its holdings of high-liquidity high-quality assets and deploy early venture capital. The market situation after the collapse of FTX, where you can make 2-3 times the profit even if you invest with your eyes closed, will not happen again. Careful selection is the best way.
DWF Labs partner: We are gradually buying on dips, and the market may become clear in a week or two
Odaily Planet Daily News DWF Labs partner Andrei Grachev wrote in X that if countries offer the United States a zero-tariff agreement, the Federal Reserve may choose to cut interest rates, and then we will see stocks and cryptocurrencies rise; if the Federal Reserve turns on the printing mode, Bitcoin may hit a new record high, and these things will become clear in a week or two. Andrei Grachev added: Do you have cash? Now is a good time, we are slowly buying.
Odaily Planet Daily News: Trader Eugene Ng Ah Sio posted on his personal channel, Today, when Bitcoin was $75,000, I bought the first batch of spot BTC, the first time since we liquidated all major positions in January. Im by no means trying to say that this is the bottom, but I think we are approaching a price level that makes me willing to accumulate Bitcoin for the long term. Anyway, its almost reached the first target price. There are a lot of pessimistic posts today, which is understandable-a lot of people are panicking and suffering a lot. However, despite what you see online, in most cases, the market will not keep falling even if we eventually go down. I think we have witnessed (especially after a 5% drop in pre-market futures today) an extreme event that is worth taking action. If the market continues to go down, I will pay attention to the short-term rebound of BTC and SOL and make short-term operations, while continuing to accumulate more Bitcoin at low points, ready to hold for the long term.
