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1. Hot topics: PUMP, DOGE, POLYMARKET; 2. Biggest rises and falls: $NEIRO, $DEEP, $VIRTUAL; 3. On-chain fund movement: $11.9M flows into Solana, $29.6M flows out of Ethereum; 4. Top news: Solana ecosystem DEX Jupiter TVL hits a record high
No one really knows how much yield and staking income Ethena has received from its $2.6 billion user fund, or whether it has flowed all of it to SUSDe holders.
The cryptocurrency market is preparing for large amounts of token unlocks in many altcoins in the new week.
MyShell creates an open AI consumption ecosystem by combining AI, cryptocurrency and creator economy.
Share link:In this post: Michael Bouhanna, Sotheby’s VP, launched his own meme coin, BAN, after losing money on other meme coins, using insider wallets to make over $1 million. Bouhanna openly shared his wallet address before deleting it, revealing his link to BAN’s creation and insider buys for profit. His setup included multiple wallets funded from a single source, allowing him to control and trade under the radar.
Share link:In this post: Bitcoin dominance hit 59.75% this week as BTC pushes higher, while Ethereum struggles against it, dropping to a new low on the ETH/BTC pair. Institutional interest in Bitcoin is strong, with $997.7 million flowing into BTC ETFs, its third straight week of inflows. Tether’s USDT faced volatility after reports of a U.S. government investigation, briefly dipping below its peg before recovering slightly.
- 05:27The Hong Kong government has officially renamed "virtual assets" to "digital assets"Odaily Planet Daily News According to Hong Kong media outlet Hong Kong Economic Journal, with the release of the "Hong Kong Digital Asset Development Policy Statement 2.0" by the Hong Kong government, the wording now officially changes "virtual assets" to "digital assets." Industry insiders believe that "digital assets" is a more comprehensive term, covering the tokenization of existing financial products and presenting a more positive image. Hong Kong Legislative Council member Duncan Chiu stated that after the renaming, digital assets have a broader scope, and the policy vision and direction for the next steps are now more clearly articulated.
- 05:25Hong Kong Stock Market Securities Sector Weakens in the Afternoon, Victory Securities (08540.HK) Drops Over 11%According to Jinse Finance, the Hong Kong stock securities sector weakened in the afternoon, with Victory Securities (08540.HK) falling over 11%, Guotai Junan International (01788.HK) dropping more than 10%, and other stocks such as Guolian Minsheng (01456.HK) and Everbright Securities (06178.HK) also declining. (Jin10)
- 05:18Analyst: US Stock Index Futures Hit Record Highs, Potentially Driving BTC to Break Resistance and Reach New HighsAccording to a report by a certain exchange cited by Jinse Finance, U.S. stock index futures have reached historic highs, and analysts predict this could drive Bitcoin to break through resistance and set new records. On Thursday, S&P 500 futures surged to 6,145 points, surpassing the February peak, while Nasdaq Composite Index futures also hit a new high of 20,180 points. Since the crash on April 8, the S&P 500 has risen by 23%, mainly due to the easing of trade tariff impacts and the ceasefire agreement between Israel and Iran. Nick Ruck, Director at LVRG Research, stated that with U.S. stock index futures nearing all-time highs and Bitcoin’s recent rebound, expectations for Bitcoin to set new records in the near future have increased. If the Federal Reserve cuts interest rates in the coming months, sustained stock market momentum and institutional capital inflows could push Bitcoin past the $109,000 resistance level.