Talk about the market

The market saw a large influx of capital last night, with a net inflow of $590 million into ETFs, and BlackRock alone had a net inflow of nearly $1 billion in one day. This is definitely a sign of intense enthusiasm, but many sovereign funds have rushed in through BlackRock. MicroStrategy also raised over $1 billion to continue buying, and last week, the son of the U.S. Secretary of Commerce's 21 fund was reportedly looking to accumulate 42,000 Bitcoin, worth about $4 billion, which is even more than the $3 billion rumored in the market. The buying power for Bitcoin is strong on the funding side;

The ETH/BTC exchange rate continues to rise, and the price seems poised to approach $1900. Last night, ETFs also saw an inflow of over $64 million, almost entirely contributed by BlackRock. It’s very likely that in the coming days, we will hear news of BlackRock applying for a staking ETF. Vitalik and the foundation also began to express their intentions last night, stating they want to enhance the usage rate and decentralization of ETH. Additionally, there is an upgrade benefit in May, as well as suggestions from high-level executives at ROIT for ETH to go public. All of these are positive expectations, and holding ETH spot is not problematic;

In terms of sectors, AI agents are making a comeback, with $virtual seeing a 160% increase over the past week. The fully diluted valuation (FDV) has returned to $1.5 billion, reopening the ceiling for the entire sector, which had previously dropped to just over $400 million. This wave is definitely set to kick off the flywheel again. Previous old agents like $aixcb, $vader, $game, $nomai, and $ai16z have all doubled in price over the past few days. In this round of the bull market, AI agents continue to be the main narrative for altcoins;

Regarding new listings, Coinlist has launched a new project, Fleek, with a public market value of $75 million. Although it's a bit large, it has been halved compared to the previous round's $200 million private placement. This is also an AI-related project, with major institutions like Polychain, DCG, and CB investing—definitely a VC-backed endeavor. This can be participated in to bet on it being listed on Binance and CB. Binance Alpha's latest project, MilkyWay, has a participation threshold of 75 points, which has precisely kept friends with 74 points out. However, the hype remains high, with over 500 times oversubscription already. It feels like the requirements for participants are getting higher. Yesterday, the Alpha project $sign was listed on Upbit and surged by 50%. Now the FDV has exceeded $1.2 billion, and it looks like the market cap ceiling for new coins on Binance is also about to be opened;

On-chain, Teacher San San is also about to release a meme, which should also be a domestic team effort. However, the market conditions are good, so we can pay attention tomorrow.