To be frank, the market has been so good these past two days. If you haven't flipped your position, then I believe you are not qualified. Just yesterday during the day, there was a wave of bullish momentum, and some friends in the free community told me they instantly flipped their positions. So, is flipping positions that hard? If you get the direction right, it's just a matter of two or three candlesticks. However, if you keep misjudging the direction and are always misled by those contrary views from certain articles, then flipping your position is just a pipe dream! Not losing money is already quite good!
#TradeWarEases Tariff Truce Incoming! šŗšø The U.S. is slashing tariffs on China from 145% to 30% for the next 90 days. šØš³ China responds by cutting tariffs on U.S. goods from 125% to 10% over the same period.
RedStone (RED): Breakdown After Community Questions
A lot of you have asked me during the lives about RedStone (RED), and I said Iād look into it and get back to you ā so hereās a detailed, neutral overview of what I found, purely for educational purposes.
About the Project: RedStone is a modular oracle network aiming to bring more flexibility, speed, and cost efficiency to how data is delivered across various blockchains. The project is especially interesting because of its modular design ā it separates data sourcing from on-chain delivery, which helps reduce congestion and optimize gas usage.
Key Highlights:
Token Symbol: RED
Total Supply: 1,000,000,000 RED
Circulating at Launch: Around 28% (roughly 280 million RED)
Initial Listing Price: Around $0.40
Currently Trading Around: $0.46 (as of writing this)
Core Features:
Works across more than 70 blockchains, including Ethereum, Arbitrum, and Polygon.
Enables custom-built data feeds tailored for things like stablecoins, NFT pricing, and DeFi tools.
Uses a pull-based mechanism ā meaning smart contracts request the data when they need it, rather than constantly receiving updates ā which reduces costs and increases efficiency.
Pros:
Integrated already with a number of DeFi protocols.
Backed by notable venture firms, including names like Coinbase Ventures.
Designed to be scalable, fast, and flexible ā which suits the needs of modern DeFi projects.
Cons:
Competes with major players like Chainlink, which already have a strong market presence.
Still early in its adoption phase, so the network and its token are in a developmental stage.
Token unlocks are scheduled over time, so that could introduce some volatility or pressure on price in the short to mid term.
About the Mining Program: RedStone also has a mining initiative where users can contribute to the network and earn rewards. Itās a technical program geared more towards those who want to support infrastructure and data delivery ā so not something casual users usually dive into, but worth knowing it exists for those interested. $RED
Disclaimer: This is not financial advice, and Iām not promoting or hyping the project. This post is simply a breakdown based on community questions and publicly available information. Always do your own research before making any investment decisions. #CryptoJourney #KeanuLeafes #RedStone @KeanuLeafes @VERIFYLINK @AlondraCrypto @Potenzza @MMH_001 @prince BV07
At this point in the market, Bitcoin and Ethereum are leading the way, and the overall altcoin recovery is nearing its end. Only those who are chasing the rise hope for continued gains, while those waiting to buy more hope for a drop. I hope you are in the latter group.
Bitcoin today dipped to 102400, tested this support, and had a slight rebound. The support at this level is weak. If Bitcoin dips again, the 10000 mark will face another challenge. Support is here, and if it goes lower, there is a trend toward the vicinity of 97200, which needs to be monitored.
In comparison to Bitcoin, Ethereum has support around 2480. Today it also tested this support, which is relatively weak. Moreover, Ethereum has just started to rise and has not yet gained solid footing. There is support around 2400, and further down, support is at approximately 2330.
Based on the trends of Bitcoin and Ethereum, we should prepare our MEME, Solana ecosystem, and BNB ecosystem lightly before this correction. Pay special attention to the key positions of Bitcoin at 101000 and Ethereum at 2330. If these levels are broken, we need to promptly reduce our positions to avoid the risk of a downturn. When the time is right, we can update the post to indicate the buying positions.
#ETHCrossed2500 Just Blasted Shorts Into Oblivion with a Precision Bass Strike! $3,287.60 Liquidated at $2,502.00! This wasnāt a breakoutāit was a target-locked surge, and shorts got caught in the echo of a massive bass detonation. At $2,502.00, over $3.2K in short positions were ruthlessly liquidated, as $ETH surged past resistance like a rocket riding a subwoofer. Basslve Breakdown: Short Liquidation: $3,287.60 Trigger Point: $2,502.00 Market Mood: Aggressive. Merciless. Bass-loaded ignition.
Recently, the cryptocurrency market has experienced remarkable changes, with Ethereum's market cap surpassing that of the traditional consumer giant Coca-Cola. As of May 9, 2025, Ethereum's market cap reached $303.5 billion, successfully overtaking Coca-Cola and rising to the 40th position in the global asset market capitalization rankings.
Following the successful implementation of the Pectra upgrade on May 7, the price of Ethereum surged significantly. From May 8 to May 10, Ethereum's price increased by over 40% within 72 hours, soaring from $1,811 to $2,597.68, with a peak increase of 43%. As of May 11, Ethereum's price fluctuated around $2,540, with a cumulative increase of 39.62% over the past week.
This round of growth is primarily attributed to factors such as technological upgrades, a 'short squeeze' market, and improvements in the macroeconomic environment. The Pectra upgrade introduced important improvements such as a higher staking cap and account abstraction (EIP - 7702 standard), enhancing the usability and flexibility of the Ethereum network, reducing network fees, and instilling confidence in investors. At the same time, starting from May 8, the Ethereum futures market witnessed a 'short squeeze', with large-scale short positions being liquidated, forcing short sellers to buy Ethereum to cover their positions, further driving up the coin price. Additionally, easing global trade tensions, the new trade agreement between the US and UK, and high-level economic talks between China and the US boosted market risk appetite, creating a positive atmosphere for the cryptocurrency market, including Ethereum.
In the past, Coca-Cola, with its vast global consumer market and stable performance, held a long-term high market cap position. As an important representative in the blockchain field, Ethereum has continuously evolved and innovated since its inception, especially in the application of technologies like smart contracts. This market cap surpassing reflects the vigorous development of the cryptocurrency market and investors' high recognition of Ethereum's future potential. The recent Pectra upgrade of Ethereum introduced key improvements such as a higher staking cap and account abstraction, enhancing network performance and user experience, which greatly propelled its market cap growth. This phenomenon also indicates that the digital economy and traditional physical economy are undergoing profound changes in market cap dynamics.
Ethereum's market value surpasses Coca-Cola, rising to the 40th position in global asset market value
Ethereum's current market value has exceeded 300 billion USD, currently reaching 303.57 billion USD, with a 24-hour increase of 4.17%, surpassing Coca-Cola (303.53 billion USD), rising to the 40th position in global asset market value.
Altcoins make a strong breakthrough, and the cryptocurrency market welcomes a cognitive revolution
After the successful implementation of the Ethereum Pectra upgrade in the cryptocurrency field, the market landscape is undergoing dramatic changes. Ethereum has demonstrated strong growth momentum, with a weekly increase exceeding 30%, becoming the market's focal point.
At the same time, a number of notable altcoins are also not willing to be outdone, as SOL, ADA, XRP, and BNB all see price increases, with growth rates ranging from 2% to 6%, collectively creating an upward trend in the cryptocurrency market.
Many experienced traders have keenly captured this market dynamic, and they generally believe that the cryptocurrency industry is approaching a crucial turning point. With altcoins successfully reversing their previous downward trend, a new wave of risk appetite is rapidly spreading in the market, injecting strong buying power into cryptocurrencies and subtly changing investors' perceptions and attitudes towards cryptocurrencies.
However, the complexity and uncertainty of the market still exist. The China-U.S. trade negotiations, which will commence this weekend in Switzerland, hang over the cryptocurrency market like the "Sword of Damocles." Any emergence of negotiation deadlock or escalation of tensions is likely to extinguish the current market's heated momentum, weaken the upward trend of altcoins, and add more variables to market dynamics.