The US stock market rebounded by more than 2% due to the easing of tariffs and the reduction of political uncertainty, but BTC failed to rise synchronously and entered a narrow range of fluctuations, indicating that its linkage with the US stock market has weakened. Tomorrow is the last day of trading this week. Starting next week, it will be time to gamble on GDP. In the latest data, GDPNow has once again lowered the US GDP in the first quarter. This data will be an important basis for determining the difficulty of trading in May.
On-chain data shows that despite a small correction in BTC, the overall market sentiment remains stable, the turnover rate has declined, short-term bargain hunting funds have begun to leave, and early and loss-making holders choose to wait and see. The center of gravity of price support is also changing, the $83,000 line is gradually lost, and the holdings in the $93,000 to $98,000 range have increased, indicating that medium- and long-term investors are more willing to hold coins.
1. The Federal Reserve revokes the 2022 regulatory letter and relaxes banking industry encryption restrictions
“The Board is rescinding its 2022 supervisory letter requiring state member banks to provide advance notification of planned or current crypto-asset activities,” the Fed’s board of governors explained in a statement Thursday.
2. Announced at the end of April (Financial Innovation and Technology Act of the 21st Century) (FIT21).
The post stated that "the discussion draft and hearings on the text will be released in the 'next few weeks'."
"Copy MicroStrategy's method of continuously increasing its holdings of large amounts of Bitcoin." Now more and more listed companies are setting their sights on Solana (SOL).
The five companies have different ways of increasing their holdings of SOL in 2025, with reasons ranging from asset diversification to DeFi potential, but the purposes are actually similar, and Canada has recently passed a SOL ETF with staking capabilities.
After the new SEC chairman takes office, there is a high probability that a series of ETFs including Solana will be approved, which will compete with ETH for funds. If the ETH ETF can be pledged, the same can be said for ETFs such as Sol. It is worth noting that the staking yield of Sol is 7.63%, while that of ETH is only 3.1%.
This means for ETH ETF: multi-currency ETFs will compete with it for funds, and many ETFs have staking capabilities, and Sol staking rewards are twice that of ETH. Do you think that the past year has verified the level of Ethereum ETF's decline and the decline of Wall Street? I would like to ask you, how will ETH face the two major competitive pressures I mentioned above? Will ETH, which has a small purchase volume, be further drained?
SUI soars against the trend: value awakening under the resonance of technology, ecology and capital
In April 2025, the SUI token rose 54% against the trend, breaking through $3.39, with a locked value of $1.46 billion, becoming the only project among the top 20 tokens by market value to break through the historical pressure level against the trend, achieving multi-dimensional breakthroughs in ecology and technology.
Its innovative technical architecture (such as DAG consensus and sharding mechanism) improves performance and decentralization. Its ecosystem covers DeFi, Meme+AI, hardware and other tracks, attracting mainstream capital to enter and reconstruct valuation logic, and promoting blockchain into the era of "digital economic operating system".
Finally, I shared a few sections that you can pay attention to. Each section has two recommended altcoins. All of them are tokens with contracts on Binance. They are also carefully selected coins. There are too many to buy.
New public chains: SUI, APT
Modularity: SAGA, DYM
AI sector: TAO, VIRTUAL
MEME Board: PEPE, NEIRO
ETH ecosystem: ENA, PENDLE, DEFI, AAVE, CRV
BTC Ecosystem: BABY, SOLV
SOL Ecosystem: JTO, TRUMP
RWA board: ONDO, RIO
Cross-chain: W, SYN
Blockchain Game: BIGTIME