Yesterday, U.S. stocks rose broadly, and Trump continued to urge the Federal Reserve to cut interest rates in his 100-day inauguration speech, perhaps adding another weight to the expectations for rate cuts, hence risk assets have seen a rebound. Tonight, U.S. GDP data for the first quarter will be released. The data released this week may affect the trends for the next month.
On April 29, Bitcoin ETFs saw a net inflow of $172 million, and Ethereum ETFs saw a net inflow of $18.4 million. There was no outflow yesterday, with BlackRock still dominating the market, achieving a single-day net inflow of over $200 million, while others continued to see outflows. BlackRock's clients only purchased Bitcoin ETFs and did not buy Ethereum.
Camp Network completed $25 million Series A financing, co-led by 1kx and Blockchain Capital; Miden completed $25 million seed round financing, led by a16z and others; Ika received a strategic investment from the Sui Foundation, with total financing exceeding $21 million; Web3 entertainment company YOAKE entertainment completed approximately $1.25 million in financing; Nous Research completed $50 million Series A financing, led by Paradigm; recently, primary market VCs have started to become active, it seems like there might be a bit of a bull market coming back? But currently, the top gainers are still MEME, while VC coins have not received much funding support.
ALPACA continues to perform miracles, with a single-day increase exceeding 3 times today. The contract will be delisted today, with a mandatory liquidation at 5 PM, which may also indicate that all short positions have been closed. Now the long positions are fully loaded. This market maker is manipulating all retail investors, which is very evil.
The top four holders attending the TRUMP dinner can receive Trump Tourbillon watches. It is reported that each Trump Tourbillon watch is numbered, with only 147 pieces issued worldwide. President Trump owns watch number 1. TRUMP seems to lack continuity; let's see if he stirs up any events this weekend.
Market Analysis
After Bitcoin announced data today, as long as there are no major negative factors, it will rise to over 97,000 this week. It’s simple and straightforward, that’s all.
On the altcoin front:
The Binance ALPHA rewards are currently being heavily redeemed, but they are indeed quite appealing. Each time you can get a few hundred dollars, which should cover lunch money for a week. The sustainability of the MEME market is still present; once this wave of delistings is over, funds will flow back to the normal market. Recently, these delisted coins have made the market very chaotic. It’s still better to pay more attention to the on-chain market; it’s not too late to focus once the secondary market truly starts.
