❓ What happened in #Crypto in the past 24 hours
1. Market Trends
▪️ $BTC keeps rising 📈 to the point of fatigue, suddenly surged past 107,000 this morning, currently falling back to 105,000, a new high seems to be just a matter of days 🥳
▪️ $ETH performs steadily but cannot keep up with Bitcoin's trend, currently around 2500
▪️ $SOL is in between $BTC and $ETH, but everyone's attention is on $BTC, $SOL is being overlooked 😂 currently around 170
▪️ Altcoins are rising across the board, but not as aggressively as last week, waiting for $ETH to lead the charge
2. On-chain News
▪️ Total TVL across all chains is 114.469B, little change over the weekend
▪️ There might be opportunities for on-chain funds to overflow into the primary market, $XBT has risen over 5% in the last 24 hours, currently valued at 13.2M; $COLLAT has been discovered for its value, nearly doubling in the last 24 hours, currently valued at 48.7M; $KNET shows stable fluctuations above 10M
3. Hot News
▪️ Bitcoin transaction fees hit a yearly high, non-liquid supply reaches a new high
▪️ Bitcoin broke through 107,000 USD this morning, setting the highest weekly closing price ever
▪️ Texas Bitcoin Reserve Bill is set for a second review on May 20
▪️ Binance Alpha's single-day trading volume exceeds 1 billion USD
▪️ The SEC will review executive compensation disclosure rules
▪️ Chain game Nyan Heroes announces it will cease operations
▪️ The mayor of Panama hints at establishing Bitcoin reserves
▪️ Galaxy Digital officially listed on Nasdaq, stock code GLXY
▪️ Market news: Trump’s tax bill was not passed in the House committee
▪️ U.S. listed company Basel Medical Group launches a 1 billion dollar $BTC acquisition strategy
▪️ Ukraine considers establishing strategic Bitcoin reserves
▪️ Luxury watchmaker Top Win rebrands to AsiaStrategy and launches a Bitcoin reserve strategy
▪️ The U.S. May one-year inflation expectation preliminary value is 7.3%, expected 6.5%, previous value 6.5%
#Crypto $BTC $ETH $SOL $XBT $COLLAT $KNET
