I) Market trend
Altcoins are correcting, BTC is strong, the market needs explosive news to stimulate, ETH is currently showing a slight upward trend, with the Fed's May meeting approaching, the probability of a 25 basis point rate cut is only 2.7%, and the probability of a U.S. economic recession is increasing this year. Buffett believes there will be opportunities for a sharp drop in U.S. stocks in the next five years.
Viewpoint: 88% of Bitcoin circulating supply is in profit status, with $75,000 to $95,000 becoming a new structural bottom.
Recent hot topic: OKX wallet dex aggregation has returned to normal after several months.
II) ALPHA information
(1)In the past week, the number of active addresses on the Solana network was about 24.2 million, ranking first in the entire network. The number of active addresses on the Tron network was 5.9 million, and Base was 5.4 million, ranking 2nd and 3rd respectively.
(2)CoinGecko report: Over 50% of cryptocurrency projects have failed, with more than 1.8 million projects failing in Q1 of this year.
(3)Strategy invested $180.3 million to increase holdings of 1,895 BTC.
(4)BSC chain's four, jager, and donkey surged. Jager is a plate, and donkey is a meme that CZ has called out multiple times, both have made it to alpha.
(5)According to Trump's executive order, the U.S. Treasury today will release a report proposing to include seized Bitcoin in strategic reserves.
May 6 Z Daily Report
I) Market trend
Altcoins are correcting, BTC is strong, the market needs explosive news to stimulate, ETH is currently showing a slight upward trend, with the Fed's May meeting approaching, the probability of a 25 basis point rate cut is only 2.7%, and the probability of a U.S. economic recession is increasing this year. Buffett believes there will be opportunities for a sharp drop in U.S. stocks in the next five years.
Viewpoint: 88% of Bitcoin circulating supply is in profit status, with $75,000 to $95,000 becoming a new structural bottom.
Recent hot topic: OKX wallet dex aggregation has returned to normal after several months.
II) ALPHA information
(1)In the past week, the number of active addresses on the Solana network was about 24.2 million, ranking first in the entire network. The number of active addresses on the Tron network was 5.9 million, and Base was 5.4 million, ranking 2nd and 3rd respectively.
(2)CoinGecko report: Over 50% of cryptocurrency projects have failed, with more than 1.8 million projects failing in Q1 of this year.
(3)Strategy invested $180.3 million to increase holdings of 1,895 BTC.
(4)BSC chain's four, jager, and donkey surged. Jager is a plate, and donkey is a meme that CZ has called out multiple times, both have made it to alpha.
(5)According to Trump's executive order, the U.S. Treasury today will release a report proposing to include seized Bitcoin in strategic reserves.