Bitcoin is fluctuating at high levels, market sentiment is polarized, slightly retreating to $103,864 after hitting $105,000. Ethereum has dropped to $2,516, with mainstream coins like Solana and XRP adjusting simultaneously. The total market capitalization is $3.46 trillion, and the fear and greed index is 70 (greed).
China-U.S. economic and trade negotiations have made 'substantial progress', and the market expects the Federal Reserve may lower interest rates earlier, which could weaken the dollar and benefit crypto assets. Bitcoin is temporarily affected by decreased demand for safe-haven assets, but its long-term role as an anti-inflation tool remains unchanged.
The U.S. government's cryptocurrency holdings have surged to a record high of $21.156 billion, including 198,012 Bitcoins valued at approximately $20.69 billion, 59,965 Ethereums valued at about $150.7 million, and 122 million Tether coins.
Twenty Democratic Senators in the U.S. jointly proposed the '2025 Termination of Cryptocurrency Corruption Act', aiming to prohibit the President, Vice President, Congressional members, Cabinet members, and their spouses and children from issuing or promoting cryptocurrencies and other digital assets.
The Bank of Korea emphasizes that if a stablecoin backed by the Korean won is launched, the central bank should intervene from the initial approval stage.
BlackRock's spot Bitcoin ETF (IBIT) has seen net inflows for 20 consecutive days, setting the longest inflow record of the year.
Larry Fink, CEO of BlackRock, predicts that Bitcoin may exceed $500,000 in the next 5-10 years, and its market cap is expected to reach the trillion-dollar level, reflecting growing confidence among institutional investors in Bitcoin.
Goldman Sachs increased its Bitcoin ETF (IBIT) holdings by 28%, with a holding value of $1.4 billion, becoming the largest holder; Cathie Wood predicts that Bitcoin could rise to $1.5 million, stimulating bullish sentiment in the market.
Goldman Sachs has become the largest holder of BlackRock's IBIT; Trump's family crypto project WLFI claims it will cooperate deeply with the Ethereum ecosystem.
The U.S. Vice President will attend the Bitcoin 2025 conference, sending positive signals on policy; the perpetual contract long-short ratio has jumped to 1.7, with trading volume exceeding $35 billion.
Ethereum's market cap has reached $304.26 billion, surpassing Alibaba ($303.72 billion), ranking 39th in global assets, with a 24-hour trading volume of $23.5 billion and a price range of $2,490-$2,500.
The EU's MiCA regulation is about to be implemented, which may raise compliance costs; losses from on-chain attack incidents reached $920 million in the first half of the year.
Binance Web3 wallet occupies 95.7% market share through a points airdrop mechanism, the BNB Chain ecosystem is recovering, and TVL has increased by over $6 billion. Starting from May 13, Binance Alpha points will implement a consumption mechanism, and users must deduct points to receive airdrops, further intensifying competition.
After the upgrade, OKX wallet's share rebounded to 8.5%, while MetaMask's share plummeted to 2.9%, as traditional wallets are squeezed by exchange ecosystems.
Stablecoins have reduced remittance costs for small and medium-sized enterprises in Southeast Asia to 1.2%, with transaction volumes exceeding $1 trillion.
Japanese listed company MetaPlanet increased its holdings by 1,241 BTC, bringing its total holdings to 6,796 BTC, surpassing El Salvador (6,174 BTC).
Summary: Bitcoin is consolidating at high levels, meme coins are experiencing increased volatility, funds are flowing towards compliant assets and high-potential sectors (concentration, short-term vigilance is needed regarding overbought corrections, policy fluctuations, and leverage risks; easing of trade tensions between China and the U.S. and global liquidity expansion provide support for the crypto market, and institutionalization trends are accelerating.
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