Market Briefing Monday - 28/04

+ U.S. stock futures drop, BTC falls below $93K, altcoins start the new week in the red

+ IMF confirms El Salvador still adheres to its commitment to stop accumulating Bitcoin, while noting progress in governance and financial reforms

+ Founders of the Trump project WLFI met with CZ in Abu Dhabi to discuss promoting global crypto adoption

+ Bitget will send 8 legal notices related to the VOXEL incident, aiming to recover $20M that was exploited via airdrop back to users

+ SEC approves ProShares to launch XRP futures ETFs, effective from 30/4; NOT approved for XRP spot ETF

+ Michael Saylor reveals he is accumulating more Bitcoin - Strategy currently holds 538,200 BTC ($36.5B)

🗓 Macroeconomic Calendar

+ 19:30 30/04 U.S. to release first estimate of Q1/2025 GDP (Forecast = 0.5%, previous = 2.4%)

+ 21:00 30/04 U.S. to announce March PCE inflation:

PCE Y/Y (Forecast = 2.2%, previous = 2.5%)

Core PCE Y/Y (Forecast = 2.5%, previous = 2.8%)

+ 19:30 02/05 U.S. to release Non-farm employment data for April:

Unemployment rate (Forecast = 4.2%, previous = 4.2%)

Number of jobs added (Forecast = 129K, previous = 228K)

+ Giants like Apple, Microsoft, Amazon, and Meta will announce Q1 earnings from 30/04 – 01/05

🔓Token Unlock

30/04: IOTA unlocks 15.16M $IOTA (0.41% of circulating supply), worth $3.28M

30/04: Optimism unlocks 31.34M $OP (1.89% of circulating supply), worth $24.32M

01/05: Sui unlocks 74M $SUI (2.28% of circulating supply), worth $259M

01/05: ZetaChain unlocks 44.26M $ZETA (5.67% of circulating supply), worth $11.1M

01/05: dYdX unlocks 8.33M $DYDX (1.09% of circulating supply), worth $5.35M

02/05: Ethena unlocks 40.63M $ENA (0.73% of circulating supply), worth $13.98M

🪂 Airdrop

+ $HAEDAL will be the second project airdropped with the Alpha Points system

+ Alpha Point - The key to projects listed on Binance