Today's outlook
1. Federal Reserve Vice Chair Jefferson will speak today on the economic outlook.
2. WLFI has initiated a Snapshot proposal to 'airdrop USD1 stablecoin to WLFI holders' to test on-chain airdrop functions, with voting ending today.
3. The token name of the Web3 banking operating system Vaulta (formerly EOS Network) EOS will change to A today, with a 1:1 exchange, no changes in token economics, and no fees.
Macro hotspots
1. President Trump has once again stated that the stock market will rise significantly and called on Powell to cut interest rates. On May 14, President Trump bluntly stated that 'the stock market will rise significantly' and again urged Powell to lower interest rates, saying the Federal Reserve must reduce interest rates.
Trump wrote, there is no inflation, and the prices of gasoline, energy, groceries, and almost all other goods are falling! The Federal Reserve must lower interest rates like Europe and China. 'Too late, Mr. Powell,' why hesitate? This is unfair to America, which is ready to prosper. Let everything take its course; it will be a wonderful thing.
2. Trump will announce the next trade agreement upon his return to the U.S. National Economic Council Director Hassett stated that when President Trump returns to the U.S. (Trump is currently visiting the Middle East), he will announce the next trade agreement. Hassett also mentioned that about 20-25 agreements are currently on the trade negotiation table.
3. The U.S. Securities and Exchange Commission (SEC) announced a delay in its decision on BlackRock's Bitcoin ETF physical purchase mechanism and began soliciting public opinions. If approved, this mechanism will allow investors to directly redeem ETF shares with Bitcoin instead of cash, improving trading efficiency. A rule amendment submitted by Nasdaq in January showed that the iShares Bitcoin Trust intends to adopt this model, but the SEC previously preferred a cash settlement mechanism. On the same day, the SEC also delayed approval for Grayscale Litecoin Trust and Grayscale Solana Trust, requesting public input. The SEC also sought public opinion on the 21Shares Dogecoin ETF on Tuesday.
4. The new SEC chairman's first Crypto-themed speech. In the speech, Paul Atkins mentioned that 'securities are increasingly migrating from traditional (off-chain) databases to blockchain-based (on-chain) ledger systems. His core priority during his term is to establish a reasonable regulatory framework for the cryptocurrency market, setting clear rules for the issuance, custody, and trading of cryptocurrencies while continuing to curb illegal activities. Furthermore, the SEC's regulation of cryptocurrencies will no longer rely on controversial enforcement actions but will utilize existing rule-making, interpretative, and exemption authorities to establish precise applicable standards for market participants.
5. As of today at 01:10, London asset management company Abraxas Capital has purchased nearly $500 million worth of Ethereum in less than a week. Lookonchain posted on platform X: "In the past 12 hours, Abraxas Capital has purchased an additional 33,482 ETH (worth $84.7 million), bringing its total purchases over the past 6 days to 211,030 ETH (worth $477.6 million)." Yesterday, it was reported that Abraxas Capital first borrowed 240 million USDT from Aave, then deposited it into a CEX. Presto Research analyst Min Jung pointed out that the ETH/BTC exchange rate has fallen nearly 40% this year to 0.02, making the current price level attractive for buyers.
6. Publicly listed companies continue to increase their holdings in crypto assets. Twenty One has purchased 4,812 Bitcoins at an average price of $95,300, with the Bitcoin-focused publicly listed company announcing the purchase of 4,812 BTC (worth $458.7 million) at an average price of $95,300. Investment firm Cantor Equity Partners previously announced plans to establish 'Twenty One' through a SPAC merger. This will become a publicly listed company focused on Bitcoin with initial reserves exceeding 42,000 Bitcoins—valued at over $3.9 billion at current prices, supported by funding from Tether, Bitfinex, as well as investment firms Cantor Fitzgerald and SoftBank Group. The company is led by Brandon Lutnick, the son of the U.S. Secretary of Commerce.
Meanwhile, 'SOL version of MicroStrategy' DDC has increased its holdings by approximately 172,600 SOL. On May 14, the publicly listed company 'SOL version of MicroStrategy' DeFi Development Corp (formerly Janover) announced the purchase of 172,670 SOL at an average price of $136.81, with a total value of about $23.6 million. After the transaction, the total holdings increased to 595,988 SOL.
Market trends
1. After a brief decline, BTC has risen strongly, and the overall market is performing well, with only the fan token sector experiencing a decline; DOGE, PEPE, and TRUMP have entered the top ten in market trading volume, with PI's trading volume seeing a significant increase, second only to SOL and BGB, ranking in the top 5 in trading volume.
2. Chip stocks support the S&P 500 index, erasing the year's decline, with Nvidia rising over 5%; U.S. Treasuries continue to decline; and crude oil rises nearly 3%.
3. According to Bitget's liquidation map, based on the current 104,094 USDT, if it drops by a thousand points to around 103,094, the cumulative liquidation amount for long positions will exceed $350 million. If it rises by a thousand points to around 105,094, the cumulative liquidation amount for short positions will exceed $90 million. The liquidation amount for long positions far exceeds that of short positions, and it is recommended to reasonably control leverage ratios to avoid triggering large-scale liquidations during market fluctuations.
4. In the past 24 hours, BTC spot inflows were $2.6 billion, outflows were $2.7 billion, resulting in a net outflow of $100 million.
5. In the past 24 hours, contracts for BTC, XRP, DOGE, SOL, SUI, etc. have seen a leading net outflow, indicating potential trading opportunities.