Odaily News The Bitcoin options market showed mild risk aversion ahead of Federal Reserve Chairman Jerome Powell's upcoming speech on a possible rate cut in June. According to Deribit CEO Luuk Strijers, only slight demand for protective put options emerged despite widespread expectations that interest rates would remain unchanged this week, reflecting limited caution among senior traders. Currently, the spot price of Bitcoin has retreated to around $94,000, and Deribit's implied volatility index DVOL is at 45, the lowest since June 2024, indicating that market sentiment is biased towards mild risk aversion. Meanwhile, traders on the decentralized trading platform Derive.XYZ bought put options with strike prices of $82,000, $78,000 and $76,000, showing concerns that the Federal Reserve may not cut interest rates or even raise them. Although market expectations for a rate cut in June have fallen to 30%, Bank of America believes that Powell may keep an open mind on future rate cuts in his speech, emphasizing that policy will depend on upcoming economic data. (CoinDesk)

Odaily News Bitcoin prices were near their monthly lows before the U.S. stock market opened on May 6, hovering near the $93,500 support level at the beginning of the year, indicating a lack of direction in the market. In contrast, gold prices performed strongly, rising 1.5% on the day and 4.4% this week. Trading firm QCP Capital pointed out that despite the weakening of the U.S. dollar and the strengthening of emerging market currencies (especially the New Taiwan dollar), the volatility of the crypto market remains low and the overall market lacks a clear direction. In terms of technical indicators, the MACD shows a short-term bearish signal, while the weekly chart may show a bullish crossover. Trader Keith Alan warned that if the current support level is lost, the price of Bitcoin may drop to $91,600 or even the $88,000 to $90,000 range. The market is currently focusing on the upcoming Federal Reserve interest rate decision on May 7 and the speech of Chairman Jerome Powell. (Cointelegraph)

Odaily News Ethereum core developer timbeiko.eth posted on the X platform that for stakers, Pectra will introduce a function to increase the effective balance of validators. This means that small operators can directly stake and increase value, while large operators can integrate validators to reduce the bandwidth usage of the p2p network. This function also eliminates the PoW follow-up distance before the merger, shortens the delay in processing validator deposits, and introduces withdrawals that can be triggered by the execution layer, thereby achieving a more trustless equity structure.

Odaily News Analyst PlanB wrote on the X platform that “Ethereum is a centralized, pre-mined project that uses PoS instead of PoW, and the supply mechanism can be switched at will. I have always believed that this type of altcoin is doomed to fail, and it is reasonable that it is weak now. Such projects deserve to be ridiculed and eliminated by the market.”

Odaily News @Murphychen888 posted that since December 2022, ETH has been significantly weaker than BTC in key indicators such as capital inflows, holding returns, and exchange traffic share. Figure 1 shows that ETH's share of exchange traffic has continued to decline since it fell below 35% at the end of 2022, far below the high of more than 50% set in September 2021; in Figure 2, ETH's MVRV indicator has been lower than BTC for a long time since December 2022, reflecting that the unrealized profits of ETH holders continue to lag behind; Figure 3 further points out that ETH has experienced a net outflow of capital since February 15, 2025, with an outflow of $6.2 billion in the past 30 days alone, while BTC still maintained a net inflow of $5.4 billion during the same period. Analysis shows that after ETH completed the transition from PoW to PoS on September 15, 2022, the attention of funds to it has gradually weakened, and the market structure may have quietly changed. To regain its dominant position, it may be necessary to regain the favor of capital.

Odaily News According to Lookonchain monitoring, a wallet possibly related to Jesse Powell (co-founder of Kraken) withdrew 1,501 ETH ($2.46 million) from Kraken 7 hours ago and deposited it into Aave and Compound.

Odaily News According to Lookonchain monitoring, the giant whale "traderpow" sold 309,514 TRUMPs at a price of US$2.63 million 11 hours ago, with a cumulative loss of US$14.06 million.

Odaily News According to the official announcement, BitMart will launch Kadena (KDA) at 16:00 (ET) on April 3, and the KDA/USDT trading pair will be launched. Kadena is a proof-of-work (PoW) blockchain. Kadena uses a smart contract language called "Pact", which is a secure smart contract language with built-in automatic auditing capabilities. KDA is its native utility token, designed to be used to pay network transaction fees.

Odaily News Enterprise-level loyalty platform Superlogic has completed a $13.7 million Series A round of financing, led by Powerledger, with participation from Sangha Capital, 10SQ, Nima Capital, ACTAI Unicorn Fund, Hyla Liquid Venture Fund and Liquid 2 Ventures. As part of the investment, Powerledger co-founder and CEO Jemma Green will join the Superlogic board of directors to provide strategic guidance for integrating environmental accountability into experiential rewards.

Odaily星球日报讯 BitMEX 联合创始人 Arthur Hayes 在 X 平台发文称，预测比特币将在重新测试 76,500 之前先突破 110,000，理由是美联储正在从量化紧缩（QT）转向为国债实施量化宽松（QE），而关税不再重要，因为“通胀是暂时的”，这是杰伊·鲍威尔（Jay Powell）所说的。他表示将在下篇文章中详细阐述这一观点。