After Bitcoin broke through $111,000 to reach a historical high, it fell back to $108,055. The market generally believes that the short-term pullback is a normal fluctuation. Spot Bitcoin ETF saw a net inflow of $934 million in a single day, setting a four-month high, with BlackRock's IBIT contributing 93.8% of the inflow.
The options market shows strong bullish sentiment, with a large amount of call options at strike prices of $110,000 and $120,000 on Deribit exchange. The market expects the next target to be $125,000.
The US House of Representatives passed a $4 trillion tax cut bill proposed by President Trump for ten years, raising concerns about fiscal deficits and US debt liquidity, leading to a triple whammy in US stocks, bonds, and currency. Additionally, Trump's trade negotiation representative is forcing the EU to unilaterally cut tariffs on US goods, or else the EU will not make progress in negotiations.
The yield on 30-year US Treasury bonds has surpassed 5%, federal debt has reached $36 trillion, and Moody's has downgraded US debt's credit rating to Aa1, intensifying market worries about the 'fiscal cliff'.
The US dollar index has fallen to 99.93, and Trump's tariff policy has triggered a chain reaction. Bank of America warns that the dollar may continue to depreciate in the medium to long term.
Sun Yuchen attended a dinner with President Trump and delivered a speech: Sun Yuchen, founder of TRON, as the largest holder of $TRUMP, attended the dinner on May 23 and thanked the Trump administration for its support of the cryptocurrency industry.
MicroStrategy announced the issuance of $2.1 billion in preferred stock to increase its Bitcoin holdings, with a total holding value exceeding $60 billion, showcasing institutional confidence.
Mastercard applied for a Web3 payment patent, planning to achieve real-time exchange between fiat and cryptocurrencies through NFTs.
Binance wallet's daily trading volume surpassed $5 billion, capturing 95.3% of the market share, while the Alpha incentive mechanism promotes fairness in early project participation.
Medical announced a purchase agreement with the Bitcoin holders alliance, planning to acquire up to 10,000 BTC through a common stock issuance to diversify the company's capital reserves. America's largest new energy vehicle retailer, JZXN, announced plans to acquire 1,000 bitcoins within a year.
FIFA collaborates with Avalanche: The International Football Federation will use Avalanche network technology to build its exclusive Layer 1 blockchain to advance digital collectibles and other Web3 plans.
The Sui chain DEX protocol Cetus was attacked by hackers, leading to a 50% plunge in the CETUS token and significant user fund losses.
Coinbase was exposed due to a 2024 data breach incident, involving sensitive information of 70,000 users, but the platform refused to pay a $20 million ransom.
Sweden's H100 Group purchased 4.39 bitcoins, driving its stock price up, reflecting the company's asset allocation shifting towards cryptocurrencies.
Summary:
Market Trends: Bitcoin is consolidating at a high level, altcoins are showing clear rebound, and funds are continuing to shift from dollar assets to cryptocurrencies.
Risk Warning: The risks of leveraged trading and contract liquidations are intensifying, while security vulnerabilities and regulatory uncertainties remain pain points for the industry.
Policy Direction: US cryptocurrency policy has entered a game period, highlighting the phenomenon of corporate compliance being tied to political interests.
Web3 Prospects: Ecological applications are accelerating deployment, but the capital market's enthusiasm for Web3 concept stocks is diverging, and technological maturity remains to be verified.
#币圈那点事 #web3 #加密资讯
