Morning Report: Market Volatility, Eroding Confidence

📌 Market Dynamics

1️⃣ $BTC | Volatile fluctuations, each drop makes people think $100,000 is just around the corner.

2️⃣ $ETH | Exchange rate continues to decline, market expectations for ETH are cooling; SEC is seeking opinions on considering approval for spot ETH ETF options trading.

3️⃣ $SOL | The last hot topic in the circle also struggles to escape the sell-off wave, with a large unlock at 3.1 being a double-edged sword; Sol Strategies increases holdings by 12,456 SOL (about $2.55 million).

4️⃣ $BNB | Market sentiment drives trends, @BNBCHAIN ecosystem is chaotic, projects like $CAKE and $LISTA can’t hold up, and the community jokingly refers to BNB as “DogeChain” or “Broccoli Chain.”

🔥 Key Events

5️⃣ SEC confirms Bitwise submitted XRP ETF 19b-4 document, XRP is still in the game regarding ETF progress.

6️⃣ Fold Holdings Inc. announces listing on Nasdaq on February 19, 2025, Bitcoin financial services company accelerates capitalization.

7️⃣ @saylor raises $2 billion to buy more Bitcoin, the only steadfast buyer in the market.

8️⃣ Kelsier Ventures CEO reveals payments made to the Milei family influenced decisions, information is getting crazier.

9️⃣ FTX begins to pay small claims under $50,000, the next distribution on May 30, 2025, the long liquidation continues.

🔟 Federal Reserve's Daly: Global uncertainty remains high, interest rate cuts are undecided, macroeconomic variables are significant.

11️⃣ @monad_xyz testnet goes live today, developers are ready.

12️⃣ Echo founder Cobie hints at launching ICO products, possibly providing new fundraising channels.

13️⃣ @BNBCHAIN corrects blog error: MONKY is not listed on Binance, leaked contract list caused a surge.

14️⃣ Binance responds to PI community voting controversy, votes from certain regions will be excluded, compliance review becomes critical.

15️⃣ Google explores lowering barriers for Web2 users to use Bitcoin, the BTC ecosystem may see improvements.

16️⃣ OpenSea suspends new airdrop reward mechanism due to user feedback, NFT prices previously surged as a result.

📢 Market confidence continues to erode, once-shared consensus is fracturing, and the struggle between faith and reality continues.