🌐 May 7, 2025 Cryptocurrency Morning Report
🚀 Market trends and macro connections
1️⃣ BTC leads the surge, breaking 98,000
- Boosted by the initiation of US-China tariff dialogue and stabilization of US stocks, BTC strongly rebounds from yesterday's low of 93,000, approaching the 98,000 mark this morning, with market sentiment turning optimistic;
- Related events: The UK and US are close to reaching a low tariff quota agreement, easing global trade risks.
2️⃣ ETH and SOL follow the market trend
- ETH's rebound strength is weaker than BTC's, and the 3,500 support level is crucial;
- SOL has seen a long-awaited increase in volume, breaking the 220 resistance level; whether it can form an independent trend remains to be observed.
3️⃣ Whales under short pressure
- Two whales are shorting BTC on HyperLiquid with high leverage, currently facing unrealized losses, and the risk of short position liquidation is rising.
📜 Policy and regulatory dynamics
4️⃣ US policy dual breakthroughs
- New Hampshire passes the first state-level Bitcoin reserve bill in the US, and the $SBR token gains popularity;
- Senator Lummis promotes the (GENIUS Act), requiring 1:1 reserves for stablecoins and strengthening consumer bankruptcy protections.
5️⃣ Global trade agreement progress
- The US and China engage in tariff issue dialogue, with A-shares surging yesterday reflecting optimistic market expectations;
- The UK and US plan to set low tariff quotas to alleviate trade shocks from the Trump era.
⚠️ Industry trends and risk warnings
6️⃣ Project and capital movements
- Movement Labs transfers tokens to Binance to preheat for Launchpool Season 2; the testing token has not been airdropped, causing controversy;
- The Trump family project $WLFI transfers $4.54 million in assets to a new wallet and proposes a USD1 stablecoin airdrop, raising questions about liquidity maneuvering.
7️⃣ Payment and compliance upgrades
- Visa strategically invests in BVNK to accelerate the construction of stablecoin payment infrastructure;
- Tether's asset tokenization platform Hadron integrates Chainalysis to strengthen on-chain compliance monitoring.
8️⃣ ETF and legal battles
- Bitwise applies for a NEAR spot ETF, which, if approved, could become a benchmark in the Layer1 track;
- Ripple adjusts the disclosure method of XRP, accusing the SEC of abusing transparent information, and regulatory conflicts may escalate.
9️⃣ Trust crisis events
- Zerebro's founder orchestrates a 'fake death exit' scam, fabricating the $LLJEFFY token incident and deleting the obituary, exposing trust vulnerabilities in the industry.
🚨 Today's focus and risk warnings
- Pay attention to whether BTC can stabilize above 98,000 and challenge the 100,000 psychological barrier;
- Beware of the volatility risk of high-leverage positions, prioritize assets with strong compliance and clear fundamentals;
- Stay away from tokens with high control, pay attention to policy implementation and changes in project liquidity.
📌 A concise point: The wind rises at the end of the green plumes; under the resonance of policies and markets, adhering to principles while being innovative is the way to survive!
