Odaily News Over the past two days, the price of Bitcoin (BTC) has continued to weaken, falling from a high of $105,000 to around $101,500, a drop of more than 3%. Although it tried to rebound at the beginning of this week, it failed to successfully break through the key resistance level of $107,500, causing market sentiment to become conservative. The entire crypto market has pulled back synchronously, with the market value falling to about $2.3 trillion, a drop of more than 5% in 24 hours. Ethereum (ETH) fell below $3,700, and mainstream currencies such as Solana (SOL) and Avalanche (AVAX) all fell to varying degrees. Analysts believe that the current market lacks a clear catalyst for growth, and funds tend to wait and see. Investors are closely watching the non-farm payrolls data for May to be released this Friday. If the number of new jobs is lower than expected, it may strengthen the market's bet on interest rate cuts this year, thereby providing support for risky assets. In addition, Federal Reserve Chairman Powell's recent speech did not explicitly mention the economic outlook, triggering market concerns about "dovish expectations being dashed." 4E reminds that the crypto market is at a critical juncture where macroeconomic games and technical adjustments intersect. Investors are advised to remain patient and wait for further clarity from the Federal Reserve and economic data.

Odaily News According to OnChain Lens monitoring, 5 hours ago, WLFI transferred $4.54 million worth of cryptocurrencies to another wallet, including 103,911 AVAX (about $2.04 million) and 5.98 million SEI (about $1.18 million). In addition, the company also transferred 7.58 million MOVE (about $1.32 million), which was then transferred to the Ceffu wallet.

Odaily News According to the latest data shared by Bloomberg analyst @JSeyff, many institutions have submitted applications for spot crypto ETFs such as LTC, SOL, and XRP. Bloomberg Intelligence estimates that the probability of approval for Litecoin, Solana, and crypto asset basket/index ETFs is 90%, XRP is 85%, DOGE and HBAR are 80%, and DOT, AVAX, ADA, etc. are 75%. The 19b-4 documents of all projects have been confirmed by the SEC, and the final approval deadline is concentrated in the second half of 2025.

Odaily News According to SoSoValue data, affected by multiple positive news such as Trump's easing of tariff policies and reiterating that interest rates will be cut as soon as possible, the crypto market sectors generally rose, with a 24-hour increase of about 2% to 11%. Among them, Bitcoin (BTC) rose 4.59%, approaching $94,000 at one point. Ethereum (ETH) rose 10.94%, breaking through $1,700. In addition, the Meme sector led the rise by 11.20%. Within the sector, Shiba Inu (SHIB), OFFICIAL TRUMP (TRUMP), Dogecoin (DOGE), and Pepe (PEPE) rose 8.63%, 9.92%, 11.21%, and 12.06% in 24 hours, respectively. It is worth noting that MAG7.ssi rose 6.68%, DEFI.ssi rose 8.11%, and MEME.ssi rose 12.16%. In terms of other sectors, the Layer2 sector rose 7.62% in 24 hours, of which Mantle (MNT) and ex-MATIC (POL) rose 5.80% and 8.66% respectively; the DeFi sector rose 7.41%, Chainlink (LINK) and Uniswap (UNI) rose 8.04% and 11.10% respectively; the AI sector rose 5.47%, KAITO and Virtuals Protocol (VIRTUAL) rose 12.55% and 25.36% respectively; the PayFi sector rose 4.71%, and Telcoin (TEL) rose 14.25%; the Layer1 sector rose 4.54%, Avalanche (AVAX) and Sui (SUI) rose 12.06% and 23.44% respectively; the CeFi sector rose 1.91%, and Cronos (CRO) rose 10.94%. In addition, the crypto sector index, which reflects the historical market trends of the sector, shows that the ssiNFT, ssiMeme, and ssiGameFi indices rose by 11.53%, 11.16%, and 10.51%, respectively.

Odaily News Geoffrey Kendrick, head of digital asset research at Standard Chartered Bank, said that if the independence of the Federal Reserve is under continued threat, Bitcoin may see further gains. The current market concerns that Federal Reserve Chairman Powell may be replaced have pushed the 10-year U.S. Treasury term premium to a 12-year high, and Bitcoin's response to this is still lagging. Kendrick pointed out that Bitcoin's core role in the portfolio is to combat the risks of the traditional financial system, including bank failures or policy interventions. Historical data shows that since 2024, the correlation between Bitcoin and the U.S. Treasury term premium has increased, and he believes that Bitcoin is expected to catch up with recent gains. He reiterated that Bitcoin's target price is $200,000 at the end of the year and $500,000 in 2028. In addition, he expects the total market value of stablecoins to increase to $2 trillion by 2028, and is optimistic about AVAX rising to $250 and XRP rising to $12.5. (The Block)

Odaily News According to @ai_9684xtpa, 9 altcoins including SOL, XRP, LTC, ADA, AVAX, APT, SUI, MOVE, TRX and 4 Memecoins including DOGE, TRUMP, BONK, and PENGU have submitted spot ETF applications. Except for TRX, most of the other altcoin project teams are from the United States or have deep American resource backgrounds, or belong to WLFI Portfolio, showing a "resource-oriented application pattern."

Odaily News According to The Data Nerd, 8 hours ago, a whale deposited 710,000 AVAX (about 14.49 million USD) into Coinbase. When the address received these tokens 3 months ago, they were worth 26.68 million USD. If they were sold at that time, their account would have an extra 12.2 million USD. The current price of AVAX has dropped significantly compared to 3 months ago.

Odaily News According to Embers monitoring, WLFI, a DeFi project backed by the Trump family, purchased $775,000 of SEI at $0.158 yesterday. In the past two months, WLFI spent about 1 million USDC to purchase 5.983 million SEI through 3 transactions, with an average price of $1.67. Currently, SEI is one of the only three tokens in WLFI's portfolio that are not losing money (the other two are TRX and AVAX).

Odaily News U.S. consumer confidence has fallen sharply, with the latest survey by the University of Michigan showing consumer sentiment falling from 57.0 to 50.8, close to its lowest level in three years, and inflation expectations soaring to 6.7% over the next year. At the same time, investors have dumped U.S. government bonds and the dollar, causing gold prices to hit a record high of $3,240 per ounce. The cryptocurrency market performed well, with Bitcoin rising 4% to stabilize at $82,000, and mainstream tokens SOL and AVAX rising 6% each. Some analysts believe that market volatility is due to the withdrawal of highly leveraged market participants rather than fundamental changes. (CoinDesk)

Odaily News According to SoSoValue data, the crypto market sectors generally pulled back, and only the AI and DePIN sectors were relatively strong. The AI sector rose 0.66% in 24 hours. Within the sector, Bittensor (TAO), Render (RENDER), and Fartcoin (FARTCOIN) rose 2.30%, 7.51%, and 7.94%, respectively. The DePIN sector rose 0.60%, among which Helium (HNT) and Grass (GRASS) rose 2.47% and 3.82%, respectively. At the same time, the crypto sector index reflecting the historical market conditions of the sector showed that the ssiAI and ssiDePIN indexes rose 1.72% and 1.19% in 24 hours, respectively, and the ssiAI index had a weekly return rate of 3.79%. In addition, the decline of Bitcoin (BTC) narrowed to 2.47%, rebounding above $80,000. Ethereum (ETH) fell 6.16% in 24 hours, falling below $1,600. In other sectors, the CeFi sector fell 0.03%, but Hyperliquid (HYPE) rose 6.01%; the Meme sector fell 0.85%, and the Layer1 sector fell 0.99%. Within the sector, Avalanche (AVAX) rose 1.20%, and Hedera (HBAR) rose 1.71%; the Layer2 sector fell 1.09%, among which Arbitrum (ARB) rose against the trend by 1.21%; the PayFi sector fell 1.39%, and the DeFi sector fell 1.45%.