News

VIPClarity Act Advances, Opening a Major Growth Opportunity for the RWA Sector

1. Clarity Act advances, opening a major growth opportunity for the RWA sector. The U.S. stablecoin regulatory bill made meaningful progress this week. As the compliance framework becomes clearer, institutional barriers for bringing traditional assets on-chain are being significantly reduced. RWA active market cap has reached $26.5B, covering 171 issuers, and the sector has entered an exponential growth phase since the second half of 2025. 2. OpenAI and SpaceX standing as key names to watch. preSPAX is up 32.7% after 27 days of trading, while preOPAI is up 18.6% just three days after launch, standing out against BTC's 4.8% decline over the same period. OpenAI's annualized revenue has surpassed $10B, while SpaceX's recent stock split has been seen as part of its IPO preparations. Both assets are backed by some of the world's fastest-growing private companies, and PreIPO offers a lower-cost window for early participation. 3. A strong dollar and rising energy prices drove markets this week, with crypto pulling back across the board despite improving underlying conditions. BTC fell 4.8% to $78,200, natural gas led gains at +7.4%, and the DXY rose 1.5%, weighing on non-USD assets. However, the global liquidity Z-score has turned positive, rising from negative territory to +0.15. This suggests the pullback was driven by short-term dollar strength rather than a deterioration in liquidity. The FOMC meeting minutes on Wednesday, May 20, will be the key turning point to watch next week. Assets to watch: ONDO / CFG / SKY (RWA), preSPAX / preOPAI (PreIPO), USOUSD (crude oil CFD), NVDA (earnings on May 20)

VIPBTC Rebound Lifts Altcoin Market Sentiment as U.S. Storage Stocks Surge on Price and Volume

1. Global liquidity has likely bottomed, supporting BTC's rebound and range-based strategies. The Fed net liquidity Z-score has rebounded from a low of -1.5, while BTC rose 3.5% this week in line with the recovery. Backtests show that grid trading (+2.5%) and buy and hold (+3.0%) outperformed all trend-following strategies. In the futures market, altcoin activity is picking up, with ZEREBRO, FIGHT, and SNDK showing short-squeeze structures. 2. AI capex demand is flowing into the storage hardware sector, with HDD/NAND names outperforming the broader market by nearly 6x on rising prices and volume. MU gained 42.4%, SNDK rose 31.8% with volume up 90%, and WDC advanced 19.8%, far outpacing the NAS100's 7.1% gain. Enterprise storage software names such as NTAP and PSTG rose only 6%–9% and saw volume decline. 3. Implied SpaceX valuations differ by nearly 40% across platforms due to differences in product structure, with Bitget preSPAX offering the lowest-priced entry point. While OKX, Hyperliquid, and Prestocks imply valuations of around $2.01T–$2.35T through contract-based products, Bitget preSPAX is priced at an implied valuation of roughly $1.62T and remains the only RWA spot product backed by underlying equity exposure, with no funding fee holding costs. Assets to watch: BTC, PRESPAX, MU, SNDK, the SUI ecosystem, silver (precious metals CFD)

VIPStrait of Hormuz Tensions Escalate, Oil Surge Caps Upside for Risk Assets

1) The Strait of Hormuz standoff continues, with WTI up another 8.5% this week and up 63% since March. Iran's blockade has entered its fifth week, and neither side is showing signs of compromise. WTI closed at $106, compared with around $65 before the war, marking a nearly 80% gain in just two months. The nature of this oil rally matters: it is a pure supply-side shock, which creates a more direct transmission chain. Inflation expectations rise passively, the rate-cut window narrows, liquidity expectations tighten, and valuations for risk assets come under pressure. 2) SpaceX momentum builds, while Bitget offers preSPAX spot trading. Around May 3, the Starship flight test program made important progress, with further improvements in booster and spacecraft landing and recovery capabilities. Full-system reusability reached a new high. At the same time, SpaceX's valuation has continued to climb, placing it among the world's most valuable private companies, with strong market interest in a potential IPO. Bitget currently offers preSPAX spot trading, giving retail users one of the most direct and convenient ways to gain secondary-market exposure to SpaceX's valuation growth. 3) Small-cap futures factor strategy's Top 10 basket is 115.7% YTD. The key is diversification to capture tail events. From 400+ futures, the model selects the Top 10 daily based on factor scores and holds them equally weighted. Core factors include negative funding rates, which indicate crowded shorts paying longs; sharp OI growth without price movement, which suggests concentrated short positioning before a potential breakout; and short-led liquidations, which show that a squeeze is already underway. The Top 10 basket is up 115.7% YTD, with a maximum drawdown of 43.4% and a Sharpe ratio of 2.21. Assets to watch: BTC · PRESPAX · BIO · GALA · Coinbase (spot & derivatives; with Coinbase earnings on May 7 AMC as a potential catalyst.)