Crypto Daily Brief * Important information not to be missed every day * May 9, 2025

1. Trump announces a "breakthrough" trade agreement with the UK, maintaining a 10% baseline tariff on the UK, expanding market access for both sides, removing tariffs on UK steel and aluminum, implementing a 0% tariff on US agricultural products, and a tiered tariff on UK car imports.

2. Trump’s cooperation with the US-UK tariff agreement boosts the stock market, leading to a comprehensive rise in US stocks. The Dow Jones Industrial Average closed up 0.6%, the S&P 500 index rose 0.58%, and the Nasdaq climbed 1.07%.

3. Gold and Bitcoin moved in opposite directions, with spot gold briefly touching $3,290, ultimately closing down 1.79%. Bitcoin continued to rise, briefly reaching $104,000 per coin.

4. Trump continues to pressure Powell, directly calling him "Mr. Too Late" and a big fool.

5. The Pope has been chosen, but the meme generated on-chain did not materialize, with several around 1 million, then instantly shared.

6. Last night, Kanye retweeted a post with CA, and then #DIDDY instantly surged, reaching a market value of $150 million+, but did not hold for long before starting to sell off; currently, FDV is around $38 million.

7. The CEX market has erupted, with animal memes leading the charge, seeing gains of 30%+ for $neiro, $moodeng, $pnut, $pepe, etc.

8. #ETH surged strongly, leading to a comprehensive explosion in the related ecosystem, with $eigen and others seeing gains exceeding 30%+.

9. The #AI sector continues to perform strongly, with $Virtual @virtuals_io rising over 40%+, bringing its market value to over $2 billion.

10. Doodles: The DOOD airdrop will start on May 9 at 21:05. Yesterday, OKX held a WL lottery that attracted over 300,000 participants; the timing for DOOD was perfect, with favorable conditions all around, definitely a big opportunity.

11. Coinbase will add support for Space and Time (SXT) on the Ethereum network.

12. Coinbase announces the acquisition of the cryptocurrency options platform Deribit for $2.9 billion.

[Market Analysis] In the past 24 hours, the total liquidation amount across the network exceeded $900 million, with short sellers fully capitulating. Yesterday, under the influence of various favorable macro factors, Bitcoin broke through the $100,000 threshold and stabilized completely. The rebound to reversal happened so quickly, earlier than we expected.

If it stabilizes above $100,000 in May, then starting in June, the market will truly explode, officially starting the bull market trend for the second half of the year! #BTC重返10万 #山寨季何时到来？ $BTC $ETH