Introduction:
1. The House passed three cryptocurrency bills; the CLARITY Act and the anti-CBDC monitoring state bill will be sent to the Senate for consideration. The GENIUS Act is expected to be signed into law by Trump on Friday local time.
2. [It seems to have a formal reason, should not be dismissed] Powell formally responds to building renovation matters
3. BLACKROCKS applies to add staking functionality for its Ethereum ETF
Stablecoin super inflow of $1.66 billion, USDT inflow of $280 million, USDC inflow of $1.34 billion.
4, SHARPLINK GAMING submitted a $5 billion stock issuance application to increase ETH holdings.
5, Stakestone USD1 wealth management APY 20.32%
I. Macroeconomic markets
(I) Traditional markets
1. U.S. stocks: Nasdaq up 0.75%, S&P up 0.54%, Dow up 0.52%
2. U.S. Treasuries, USD: 10-year Treasury down 0.09% to 4.45%, DXY 98.46
3. Gold: High oscillation reported at 3338.7
4. Circle up 0.87%, reported at 235.08, Sbet down 2.62, reported at 36.4
(II) Policy trends
1. Federal Reserve
[It seems to have a formal reason, should not be dismissed] Powell formally responds to building renovation matters
2. SEC-related news
(1) The SEC Chairman stated, 'I support the merger of the U.S. Securities and Exchange Commission (SEC) with the Commodity Futures Trading Commission (CFTC).'
(2) The SEC Chairman stated that after the U.S. House passed the landmark stablecoin bill earlier this Thursday, the SEC is weighing whether to launch an 'innovation exemption' to incentivize the market to advance the tokenization process.
3. The House passed three cryptocurrency bills
4. Chuanzi is preparing to open cryptocurrency, gold, and private equity investments to the $9 trillion U.S. retirement market, which will stimulate a fundamental shift in how Americans manage savings.
、
According to three insiders, Trump is expected to sign an executive order as early as this week to open alternative investments beyond traditional stocks and bonds for 401k retirement plans. These investments will involve a wide range of asset classes, from digital assets to metals, and funds focused on corporate acquisitions, private loans, and infrastructure deals.
(III) Other dynamics
BLACKROCKS applies to add staking functionality for its Ethereum ETF
II. Market review
1. Market data:
On the 17th, BTC.D fell by 1.11%, currently at 61.99%
2. Stablecoin super inflow of $1.66 billion, USDT inflow of $280 million, USDC inflow of $1.34 billion.
3. ETF data
The net inflow of $1.6796 billion for the 16-entry ETH ETF is the highest record since its launch. The previous highest net inflow record occurred on December 5, 2024, with a net inflow of $428 million that day.
4. Large inflow and outflow of BTC and ETH
(1) A certain Bitcoin whale just transferred the last 40,192 BTC (about $4.83 billion) to Galaxy Digital.
In the past four days, this Bitcoin OG has transferred a total of 80,201 BTC (about $9.6 billion) to Galaxy Digital.
(2) Although many whales are currently buying ETH, two major whales have recently sold 178,080 ETH ($528 million).
5. Institutional dynamics
(1)
(2) SharpLink Gaming further increases ETH holdings worth $68.4 million. With the recent rise in ETH prices, their total holdings have reached $1.1 billion; SHARPLINK GAMING submitted a $5 billion stock issuance application.
(3) [Doge Microstrategy appears]
Nasdaq-listed mining company Bit Origin announced it has reached an agreement with qualified investors to sell up to $400 million in Class A common stock and up to $100 million in convertible bonds, with the $500 million raised to launch Dogecoin DOGE treasury reserves.
(4) U.S. publicly listed company DeFi Development Corporation announces the launch of the 'DFDV Financial Accelerator', a strategic franchise model to help establish public SOL treasury tools globally. The alliance includes Kraken, Pantera, Arrington, RK Capital, and Borderless Capital, and they are expected to support the launch of new regional investment tools through potential investments, strategic guidance, and infrastructure support.
III. Industry hot spots
1. Last week, the Ethereum Foundation announced that Ethereum L1's own zkEVM will be coming within a year. According to Drake's previous viewpoint, once ETH L1 is fully ZK-enabled, TPS is expected to rise to 1000.
[Current ETH trading model]
As a user, you draft a transaction to submit, and I, as a node (miner), use my own equipment to help you execute and run this transaction. Considering that there are 1 million nodes on the Ethereum network that need to reach consensus, this step cannot be fast, so Ethereum's TPS is suppressed at around 60.
[And the ZK-enabled ETH trading model]
It has become a direct trading by users, who then provide proof of payment, and the nodes only need to verify this proof. As we all know, one major feature of ZK is that verification speed is very fast, without the need for constant consensus. This way, concurrency can increase significantly.
Complete analysis https://x.com/0x_Todd/status/1945783057082126451
2. The base foundational speed has now improved 10 times
Flashblocks launched on Base, reducing effective block time from 2 seconds to 200 milliseconds, making it the fastest EVM chain currently.
3. [The Saturday Daily Report will conduct targeted research] Mable Jiang, Chief Growth Officer of FSL, the parent company of Stepn, announced her departure and founded the social protocol Trends.
4. Exposing the report on Hyperliquid founder Jeff Yan
https://x.com/cryptobraveHQ/status/1945768547608908259
5. Musk said the name of the male companion in the Grok humanoid companion will be Valentine, named after the protagonist in Heinlein's novel (Stranger in a Strange Land); our AI name 'Grok' was born from this novel, meaning to understand something deeply and empathetically.
The meme of the same name skyrocketed, with a current market value of $12.7 million.
6. OpenAI released the heavyweight product ChatGPT Agent.
ChatGPT Agent has the ability to think and act autonomously, able to proactively select appropriate tools from its skill set, including Operator, Deep Research, and ChatGPT to complete various super complex tasks. For example, users can request the ChatGPT Agent to analyze three competitors and create a slide presentation.
IV. Alpha
1. OKX wallet collaborates with @aspecta_ai to launch the new issue of Cryptopedia: TGE Express activity
https://x.com/OKXWallet_CN/status/1945755601876746734
2. Stakestone USD1 wealth management APY 20.32%
Official introduction: https://x.com/Stake_Stone/status/1945827414631760115
3. At @KaminoFinance
After launch, xStocks can be used as collateral for USDC and USDG, allowing users to borrow against tokenized blue-chip stock names and earn returns on their stable assets.
4. Meteora airdrop rules
Is it fully allocated linearly? Answer: This is a hybrid model of linear and fixed allocation.
Linear: The 8% and 5% for 2024 and 2025 are based on earned points.
Fixed: Fixed airdrops based on qualifying criteria, aimed at reducing points being overly concentrated among top users. Note: Multipliers have been removed to reduce the advantage of whale users. Next: Points checks and points analysis.
Question: Is the 8% for 2024 and 5% for 2025 fair?
Answer: It seems good at the moment, and the community also seems satisfied. The trading volume for 2025 is higher than in 2024, with a slightly higher token ratio (5% for 6 months, 8% for 12 months). We are reviewing the data and will announce adjustments.
We have taken several measures to ensure the LP incentive program favors retail LP providers.
Malicious actors will be blacklisted from the points system.
$TRUMP and other major projects will draw from the launch pool incentives.
A fixed allocation of 2% will benefit small wallets (with anti-Sybil measures).
Has worked hard to ensure that no one is 'screwed'.**
