1) Market Trends
Ethereum's weekly increase is nearly 30%, poised to achieve its best single-week performance in four years, with over 12 million ETH held in Ethereum contracts across the network, reaching an all-time high in coin-based valuation. Established meme coins are experiencing a rally.
Viewpoint: CryptoQuant analyst: Bull and bear market cycle indicator shows bullish signals for the first time in weeks.
Recent hot topic: Trump: Costs are down, there is no inflation, which is completely different from what the Federal Reserve and fake news media 'hope' for.
2) ALPHA Information
(1) TRUMP team-related address has deposited 3.5 million TRUMP into CEX.
(2) Metis states that the next round of evolution for Metis L2 will start on May 14, with the Andromeda upgrade launching as the first phase of Metis ReGenesis.
(3) A certain whale has accumulated 20 trillion PEPE over the past 9 days with a floating profit of $7.66 million and is now beginning to take profits.
(4) Binance sponsors $2.2 million; Sonic's layout will explode after 6 months?
(5) DWF Labs partner: currently purchasing large amounts of various different altcoins, may establish strategic reserves.
(6) Abraxas Capital has withdrawn a total of $297 million worth of ETH from the trading platform over the past two days.
3) Hot Topics Handwritten Report
01 (Bitcoin breaks $100,000 for the 7th time; can Ethereum keep up this time?)
Data shows that Strategy spent $555.8 million to acquire 6,556 BTC from April 14 to 20, with an average price of $84,785. Subsequently, it spent another $180.3 million to acquire 1,895 BTC at an average price of $95,167. Additionally, Strategy launched an ambitious '42/42 plan', aiming to raise $84 billion over two years for purchasing Bitcoin, following last year's implementation of the '21/21 plan' which raised $42 billion.
Indian listed company Jetking, NASDAQ-listed company Thumzup, and US-listed medical technology company Semler Scientific are purchasing or planning to purchase more Bitcoin.
02 (Futu Securities embraces the crypto windfall)
On the morning of May 7, Twitter user FORAB revealed that Futu Securities is conducting internal testing of a token recharge feature, supporting Bitcoin, Ethereum, and USDT. Just hours later, it was confirmed by the official source. Hong Kong fintech giant Futu Securities International (Hong Kong) Limited (hereinafter referred to as 'Futu Securities') announced that its core trading platform, Futu NiuNiu, has officially launched BTC, ETH, and USDT recharge services. Qualified investors can complete token recharges and trade cryptocurrencies through the one-stop trading platform Futu NiuNiu to acquire funds, which can then be used to invest in more asset classes or to withdraw.
03 (With the token issuance imminent, everything you need to know about IKA)
On April 28, 2025, IKA announced it received strategic investment from the Sui Foundation, bringing the project's total financing scale to over $21 million. Previously, IKA raised over 1.4 million SUI tokens by issuing THE MF SQUID MARKET series NFTs on Sui, and received support from institutions including DCG, Big Brain Holdings, Blockchange, Node Capital, Amplify Partners, Liquid2 Ventures, and FalconX. As of now, the project's highest financing valuation is $600 million. Meanwhile, on the pre-market token OTC trading platform PinataBot Market, the circulating market value of token IKA has reached $1.2 billion (with low trading volume).
04 (On its 2nd anniversary, why has Sui become the strongest new public chain in this cycle?)
On May 3, 2023, the Sui mainnet was officially launched, marking two years since its inception. Many may recall that when Sui was first launched, the situation was not as optimistic as it is now — the investor FTX collapsed, forcing the foundation to 'buy back tokens'; during the bear market, the token price fell from $1.7 to $0.4; now Sui ranks 9th among all public chains with a DeFi TVL (Total Value Locked) of $1.78 billion, surpassing established public chains like Avalanche and Aptos, which launched its mainnet a year earlier. However, the construction of Sui's DeFi ecosystem was not completed overnight.