加勒密船长

The Federal Reserve will not cut interest rates in June or July as it believes there is no need to rescue the economy. The Federal Reserve will maintain interest rates this summer. There will be no rate cuts in June or July. After observing the joint statement issued by the United States and China on Monday, the Federal Reserve's position is as follows. In the statement, both countries claimed to hope to ease trade tensions. Upon hearing this news, major banks and traders on Wall Street immediately abandoned their expectations for a rapid rate cut by the Federal Reserve. They now indicate that the first rate cut may not come until September, and even then, it will only happen if the situation truly worsens. Trump has revitalized jobs and Wall Street, so the economy is not in distress, and inflation has not cooled enough for anyone at the Federal Reserve to start issuing cheaper credit. Federal Reserve Chairman Jerome Powell told reporters that the central bank is observing how new trade policies affect inflation and economic growth before taking any action. He made it clear that there is no data indicating the economy is collapsing.

美国现货比特币 ETF 周二报告净流出 9600 万美元，而前一天累计流入量达到峰值。
美国现货比特币交易所交易基金 (ETF) 周二出现 9614 万美元净流出，在前一天创下累计流入纪录后，结束了连续四天的流入势头。
SoSoValue 的数据显示，富达旗下 FBTC 周二净流出 9139 万美元，Hashdex 旗下 DEFI 净流出 475 万美元。它们是当日仅有的两只出现资金流出的比特币现货 ETF，其他 ETF 的资金流出均为零。
周二出现资金流出之前，12 只现货比特币 ETF 的累计净流入额于周一创下 411.8 亿美元的新高。
加密货币市场延续涨势，市场对中美贸易谈判的进展以及4月份的消费者物价指数（CPI）数据进行了评估。
加密货币涨势的持续时间可能在很大程度上取决于中美贸易争端的发展以及关税的更广泛的经济影响。
昨晚发布的 4 月份 CPI 数据弱于预期，这为美联储降息奠定了一些基础。

The U.S. Securities and Exchange Commission (SEC) announced a delay in its decision on the Grayscale Solana ETF proposal submitted to the New York Stock Exchange (NYSE). This delay was widely anticipated, as the SEC has up to 240 days from the receipt of the initial filing confirmation to make a final ruling. In this case, the deadline is October 2025. This move aligns with the SEC's standard approach to 19b-4 filings, allowing the agency time to assess whether the ETF complies with federal securities laws, its structural details, and any broader market impacts. This delay reflects the SEC's ongoing cautious stance towards crypto-related financial products, particularly when weighing the risks and regulatory complexities posed by new products such as SOL-based ETFs. The SEC's review of the Grayscale Solana ETF is part of a broader effort to enhance regulatory scrutiny, aimed at ensuring that digital asset products meet existing compliance standards before being approved for public trading.

The U.S. Bureau of Labor Statistics released the Consumer Price Index (CPI) report for April 2025, showing that inflation remains stable.
In April 2025, U.S. consumer inflation slowed more than expected, providing some comfort to markets anticipating a potential shift in Federal Reserve policy. According to the latest data from the U.S. Bureau of Labor Statistics, the Consumer Price Index (CPI) rose by 0.2% in April, below the expected 0.3%. The annualized inflation rate is 2.3%, slightly lower than the expected 2.4% and last month’s data.
Excluding food and energy prices, the core CPI increased by 0.2%, also below the expected 0.3%. Year-over-year, the core inflation rate remained unchanged at 2.8%, in line with analyst expectations.
These data suggest that inflationary pressures are gradually easing, a trend that may influence the Federal Reserve's future interest rate decisions. While these data are not sufficient to trigger an immediate rate cut, they do indicate a continued cooling trend in the economy, which could impact financial markets in the coming months.
After the release of the Consumer Price Index data, the cryptocurrency market saw a slight increase. Bitcoin (BTC) rose slightly, trading at around $103,645, while Ethereum (ETH) also saw a slight increase to approximately $2,503.84. Investors interpreted the stable inflation as a positive signal, potentially reducing the likelihood of significant rate hikes by the Federal Reserve.
The response of the cryptocurrency market reflects optimistic sentiment, believing that stable inflation could lead to more favorable monetary policy, which may benefit risk assets such as cryptocurrencies.

In the past 20 days, over 6 billion dollars in cash has entered the cryptocurrency market through the newly issued USDT (Tether). This massive injection has brought Tether's total market capitalization to 150 billion dollars, setting a historical high for leading stablecoins.
The new capital inflow appears to have a profound impact on the entire cryptocurrency market. Although Bitcoin's dominance has recently declined, Ethereum's market share has increased, indicating that some of the newly issued USDT may have been transferred to altcoins rather than just flowing into BTC.
USDT is widely used as a trading pair and source of liquidity on exchanges. During periods of rising demand or anticipated volatility, the issuance of USDT typically surges as traders prepare to deploy funds. The timing of this surge may indicate strategic accumulation before market catalysts or ongoing sector rotation.

Ethereum rose nearly 40% last week, jumping from $1,800 to $2,500. However, the DeFi market for Ethereum has significantly declined, with its total locked value down more than 88% from its peak. Meanwhile, Solana is leading in active users and transaction volume due to its faster speeds and lower costs.
High gas fees have deterred many users, prompting DeFi and NFTs to shift to cheaper and faster blockchains. Nevertheless, it remains the most secure, trustworthy, and mature blockchain. Ethereum is continuously improving quietly through new features like account abstraction and re-staking, enabling developers to use Ethereum more easily and efficiently.
Although it won’t skyrocket to its historical high quickly, its utility is constantly being enhanced through innovation. Features such as staking and EIP-1559 help reduce supply, but the demand from new users is the key to price increases.
Despite a recent decline, according to DefiLama data, Ethereum still dominates in total locked value (TVL), reaching $60.95 billion, with stablecoin supply at $124 billion. The developer community of Ethereum remains the largest and continues to lead in the decentralized blockchain space. However, Solana leads in active address count and 24-hour DEX transaction volume, reaching $4.2 billion.
The Ethereum Foundation has recently taken steps to improve its culture and strengthen interactions with developers, which may help regain lost confidence in Ethereum's future, but price increases require genuine demand—people buying and holding ETH, not just using applications built on it. Ethereum needs to find a balance between scalability, decentralization, and value capture to remain competitive.

On May 12, 2025, the issuer of the stablecoin USDC (USDC), Circle, issued an additional $250 million USDC on the Solana blockchain. This issuance has been confirmed by the USDC Treasury, marking another large-scale issuance of this stablecoin on the Solana network.

With the acceleration of lending, the value of Solana DeFi has grown by 50% in one month.
The total locked value of Solana has expanded, reflecting the growth of the lending industry and the influx of funds from other ecosystems. According to data from DeFi Llama, the locked value in DeFi has increased by more than 50% over the past 30 days.
The total locked value in Solana's DeFi sector currently reaches $9.44 billion, marking the highest level since February. Most of the increase reflects SOL's return above $170 after whale purchases and record DEX trading activity.
During the same period, the total locked value (TVL) of JitoSOL has risen by over 41%, reaching $3.15 billion. Kamino has become the second largest protocol, with an increase of over 33%, reaching $2.6 billion. Solana's ecosystem generally focuses more on generating its fees, but TVL remains an indicator of rising usage and market price increases.
Thus, the growth in DeFi value mainly reflects the internal valuation of Solana-based tokens (used as collateral). Higher value is reflected in DEX pools and in DeFi lending protocols like Kamino.
Kamino's lending TVL is nearing historical highs, exceeding $2.6 billion, reaching the highest level since January 20. The increase in activity on Kamino is reflected in a wallet named Kamino Reserve 3. This wallet reflects meme token deposits, which the protocol uses as a basis to lend stablecoins.
On-chain DEX trading has led to peak transaction fees for the Jupiter aggregator, generating $2.86 million daily. The transaction fees generated by the Pump.fun platform amount to $2.67 million. Overall, the Solana ecosystem has generated $2.9 billion in transaction fees over the past 12 months, more than $1 billion higher than all other major blockchains.

In the past week, the trading volume of decentralized exchanges (DEX) on the Solana platform surged to $35.6 billion, reaching its highest level in over two months. According to data from Blockworks Research, this growth propelled protocol revenue to $25.9 million.
During this period, the network's average throughput remained at approximately 1,190 transactions per second (TPS). Meanwhile, Solana's market share in the SOL-USD trading market rose from 27% to 38%, indicating a growing demand for its native asset.
The total value locked (TVL) in Solana also saw a significant increase over the past 30 days. Data from DeFiLlama shows that the network's TVL surged 58% from a low of $13.9 billion to $22.1 billion.
Although still below the peak of over $26 billion in January, this growth indicates a strong recovery in user and developer engagement across the ecosystem.
At the same time, the growth in TVL is partially attributed to the rise in SOL value, which increased by 40% during the same 30 days, peaking at $181.44, the highest price since March.
Solana's price is currently slightly below the key support level of around $170, following several failed attempts to break through the key resistance level of $180, resulting in a short-term pullback that has limited its upward momentum in recent trading days.
Currently, SOL needs to reclaim above $170 quickly and maintain momentum to break through $180, which could lead to a rise to $205, marking the first time it has surpassed $200 since February 10.
On the downside, pay attention to the support level at $160.78; falling below this level would signal a weakening momentum and could push SOL down to $147.6.
If bearish pressure intensifies and the support level fails, the next key level would be at $140.4.

On May 12, Pump.fun introduced a revenue sharing mechanism for token creators, allowing them to collect 0.05% of the trading volume in Solana (SOL) from transactions made on PumpSwap.
To qualify for the revenue, the token must meet at least one of the following three conditions: it must be newly created, still trading on the Pump.fun joint curve, or previously upgraded to PumpSwap. Rewards are not retroactive, and trading volume prior to May 12 is not counted in the calculation.
According to data from DefiLlama, based on the total trading volume of $14.6 billion for Pump.fun and PumpSwap in April, the new system distributed nearly $7.3 million in rewards to creators last month.
Rewards will accumulate automatically, and users can claim rewards on-chain through their wallet by visiting their Pump.fun account. The platform states that creators can claim rewards at any time, with no lock-up period or threshold.

You can just watch if you don't want to play

The Global Dollar Network (GDN), founded by companies such as Paxos and Robinhood, has added 19 new members to expand the adoption of its Solana-based USDG stablecoin. GDN launched in November 2024 with the aim of creating a new stablecoin alliance that rewards partners driving adoption. At its core is the USDG, a dollar-backed stablecoin issued by Paxos Digital Singapore. It "effectively complies" with the upcoming stablecoin regulations in Singapore and is currently operating on the Solana blockchain.

If there is no large participation from retail investors, the rise of altcoins will lack sustainability, just a reminder to everyone.

DeFi Development 今天宣布已购买 172,670 枚 Solana，平均购买价格为 136.81 美元，价值约 2,360 万美元。这是该公司数字资产财务战略下第 10 次购买 Solana，也是其最大一次购买。
DeFi Development 目前持有 595,988 SOL，价值约 1.027 亿美元（包括质押奖励），
与所有之前购买的代币一样，最近购买的 SOL 将长期持有并质押给各种验证器，包括 DeFi Dev Corp 自己的 Solana 验证器，以产生原生收益。

The recent drop of 2.64% from the $180 level for SOL is not just another decline; it suggests that experienced holders are quietly selling off in exchange for stronger returns. Now, all eyes are on the bulls, and if they trigger a supply shock, these opportunistic shorts may find themselves in trouble, providing SOL with the momentum to break through the $180 resistance and aim for higher levels.
Currently, Solana's trading throughput has surpassed its market value, indicating that the chain is heating up behind the scenes.
But the real key is TVL. So far in May, Solana's total locked value has increased by nearly $3 billion, reclaiming the $22 billion milestone set in mid-February.
Even more surprisingly, the trading price of SOL at that time was 41% higher than the current spot price, and this valuation gap indicates that the market has yet to catch up with the fundamentals—this again suggests that capital allocation is still in the early stages, with much of the potential yet to be realized.
Since Solana surged 25% weekly, the supply of stablecoins on the network has plummeted from $13.09 billion to $11.71 billion, marking the largest drop in nearly three months. This rapid shrinkage is a typical sign of off-market capital flowing out of stablecoins and into risk assets.
In other words, this clearly indicates that the 'fear of missing out' (FOMO) sentiment is starting to rise, and liquidity is pouring into Solana.
The real signal lies in structural demand: addresses holding >1k SOL have jumped from 22,406 to 23,009—mid-tier whales are quietly building positions.
Meanwhile, open interest has surged from $5.45 billion to $6.6 billion, indicating increased speculative leverage and directional conviction.
All signs point to Solana preparing for the next big move. Liquidity is in place, confidence is growing, and the setup is textbook.
If the bulls break through the $180 threshold, it will not only trigger a breakout but may also set off a chain reaction: short liquidations, FOMO-driven entries, and a rapid move towards price discovery.

Brazil's B3 will launch ETH and SOL futures contracts on June 16
These two futures contracts have been approved by the Brazilian Securities Commission (SEC) or the Brazilian Securities Market Regulatory Authority (CVM). Futures contracts allow institutional investors to invest in crypto assets without having to deal with custody issues. This is similar to ETFs. This is an important consideration for institutional investors, particularly for smaller companies, who can refer to this option.
They do not hold the assets themselves but purchase shares from asset providers. In this case, the asset provider is the Brazilian Stock Exchange B3. They hold the underlying assets and are responsible for custody. These institutions only need to purchase fund shares.

Trump is issuing currency again, is there still a chance?