往东行

Key events to focus on next week to help you better understand industry trends:

Thursday 02:00 (UTC+8), the Federal Reserve announces interest rate decision;

On June 16, $32.1 million worth of ARB will be unlocked, accounting for 0.931% of the total supply;

On June 17, $38.02 million worth of ZK will be unlocked, accounting for 3.66% of the total supply;

On June 18, $53.96 million worth of QAI will be unlocked, accounting for 5.657% of the total supply;

On June 19 at 02:00 (UTC+8), the Federal Reserve announces interest rate decision; at 02:30, Powell holds a monetary policy press conference; on the same day, Juneteenth, the US stock market will be closed for one day;

On June 20, $49.10 million worth of ZRO will be unlocked, accounting for 2.571% of the total supply;

On June 21, $89.00 million worth of FTN will be unlocked, accounting for 2.0% of the total supply.

Humbly asking all the experts, how do you accumulate points? I just lost about 2 dollars for a single transaction exchange #SOON

From today’s trend of rising U.S. stocks, the positive non-farm data has driven the S&P up by 1.5% and the Nasdaq up by 1.6%. The increases in the S&P and Nasdaq are similar, while $BTC has risen by 0.7%, which is about half of the increase in the S&P and Nasdaq. However, BTC has not yet opened for trading, and there’s still the weekend ahead. After all, the sentiment was very good on Friday, and with no disturbances on Saturday, it’s very likely to continue the upward trend.
#非农就业数据来袭

After a slight net outflow on Wednesday, on Thursday, the $BTC spot ETF returned to a net inflow, which is normal. It was mentioned yesterday that the reason for Wednesday's situation was mainly due to GDP expectations, while Thursday's price continued to rise, boosting investor sentiment, especially as BlackRock investors continued to buy for the 13th consecutive working day, and the buying data is continuously improving.

Compared to the data of $BTC , the data of $ETH is still lacking. BTC has already returned to positive inflow, but ETH is still maintaining a net outflow, especially as BlackRock investors who bought a lot of BTC have not made any moves on ETH for several days. Instead, Fidelity investors have been the main force for the last three working days, but only Fidelity has made purchases, while others besides Grayscale are almost zero. Furthermore, Grayscale's recent selling volume is also considerable.

In the past few years, ZK has been hailed as the king of the Web3 security narrative, but now FHE is quietly taking its place—

As the most attention-grabbing track for the next decade,

I am convinced that AI will continue to thrive, and AI Agents are currently the most talked-about aspect of the application layer;

I have previously written many related research reports;

Personally, I believe that the future Agentic World will not lack Agents; what it lacks is a trustworthy, secure, and encrypted coordination layer;

And I focus on
@mindnetwork_xyz
, not because it just launched on Binance contracts, nor because it has the halo of Binance investment, EF Grants, Chainlink Build, etc.,

but precisely because it is currently the only project that has truly brought FHE from underlying engineering into the AI Agent scenario.

Why is this important?

Because the AI world is rapidly evolving towards an 'Agentic World': AI is no longer just a tool, but a collaborator, executor, and player.

However, one question has been overlooked—how does an Agent trust another Agent? Has the model been tampered with? Is task execution a black box? Can the results be verified?

ZK guarantees partial privacy, while FHE enables true computation and verification in a fully encrypted state. And Mind Network is addressing this urgent need.

More critically, the current $FHE FDV is only 58M, even lower than the entry price of the previous VC round (100M).

From the perspectives of application scenarios, valuation logic, engineering implementation, and trading rhythm, it possesses all the conditions for a narrative to shift from 'early consensus' to 'widespread diffusion.'

In the narrative of AI x Web3, most projects are still telling stories, while only a very few are constructing the structural puzzle. Mind is one of the latter.

Mind is waiting for spot landing + more head projects to go live; this track may not be a Narrative, but the Infrastructure itself;
#FHE

The challenges and solutions faced by FHE are different from ZK and MPC, and FHE is still in the early stages.

The main challenges include:
Slow performance: Currently, private smart contracts using fh-EVM have only 5 TPS. Additionally, TFHE's current performance is about 1000 times slower compared to pure data.

Not developer-friendly enough: There is still a lack of standardized algorithms and overall supported FHE tools.

High computational overhead (cost): The management of noise and the complexity of computations can lead to node centralization.

Unsafe on-chain FHE risks: For any secure threshold decryption system, the decryption keys are distributed among nodes. However, due to the high overhead of FHE, this may result in a reduced number of validators, thus increasing the likelihood of collusion.

Solutions:
Programmable bootstrapping: It allows computations to be applied during bootstrapping, thus improving efficiency while catering to specific applications.

Hardware acceleration: Develop ASICs, GPUs, and FPGAs alongside the OpenFHE library to accelerate FHE performance.

Better threshold decryption systems: In short, to make on-chain FHE more secure, we need a system (which can be MPC) to ensure: low latency, reduced decentralization entry barriers for nodes, and fault tolerance.
#FHE #FHE打新
#加密市场反弹

Musk Once Privately Messaged Crypto KOL Tiffany Fong Asking for a Child but Was Rejected
On April 17, according to The Wall Street Journal, cryptocurrency KOL Tiffany Fong gained interaction from Musk on X due to her reporting on the FTX crash. As Fong posted more political content supporting Trump, Musk's interaction with her increased. Last summer, Musk began to follow her. According to insiders, Musk directly messaged Tiffany Fong to ask if she was interested in having a child with him. The two had never met before. Tiffany Fong did not continue to engage with Musk, and after learning that Tiffany Fong disclosed this request to others, Musk reprimanded her for not being careful enough and unfollowed her.

Powell said in a speech on Wednesday that the US economy remains 'strong' and will not intervene to rescue the market; proposed establishing a legal framework for stablecoins. On April 17, Federal Reserve Chairman Powell attended an event at the Chicago Economic Club and delivered a speech. He stated that, at present, higher-than-expected tariffs may mean higher inflation and slower growth. Despite increasing uncertainty, downside risks still exist, and the US economy remains 'strong.' The market's hope that the Federal Reserve will intervene to calm volatility may be misguided. He said, 'The market is dealing with a lot of uncertainty, which means volatility. Given the significant changes in President Trump's tariff system, it is understandable that the market may encounter difficulties.' He also added, 'In the short term, we may continue to see volatility in the market.' He emphasized that the Federal Reserve will not be influenced by political pressure. In his speech that day, Powell rarely mentioned cryptocurrencies, stating that cryptocurrencies are gradually becoming mainstream, and establishing a legal framework for stablecoins is a good idea. Stablecoins may have broad appeal and consumer protection measures should be established.

Solana Spot ETF Launches in Canada This Week, Supporting Token Staking
On April 14, Bloomberg ETF analyst Eric Balchunas posted on social media that Canada is set to launch a spot Solana ETF this week, after regulators have given the green light to several issuers, including Purpose, Evolve, CI, and 3iQ. These ETF products will provide staking services through TD Bank.

Trump's Latest Crypto Project Will Be a Real Estate Video Game
On April 15, Fortune reported that Trump's latest crypto project will be a real estate video game. In 1989, the real estate mogul launched 'Trump: The Game', a variant of a board game themed around real estate. In 2006, he considered launching a reality show inspired by 'Monopoly', but the show ultimately did not materialize. Now, Trump's latest project will be a crypto game branded with his name—according to two insiders, this game has a similar feel to 'Monopoly'. This planned real estate game will become the latest addition to Trump's and his family's growing list of crypto projects. In addition to an NFT series and a MEME coin, there are decentralized finance projects like World Liberty Financial, a stablecoin, and a Bitcoin mining company, in which the president's son Eric Trump and Donald Trump Jr. hold significant stakes.

Killing and heart-piercing, the two maps should be viewed together!

MANTRA Co-Founder: The OM Token Burn Plan Will Be Announced Soon
BlockBeats News, on April 19, MANTRA Co-Founder JP Mullin stated, "The OM token burn plan has entered the final stage of discussion and will be announced soon. The buyback plan is also progressing smoothly."

BlockBeats previously reported that on April 18, MANTRA Co-Founder initiated a Twitter survey to consult on the execution method for burning team tokens, stating, "After announcing the burn of all tokens held by the team, we received a lot of feedback from the community, investors, and others in the past few days. This decision is for the community, and the survey aims to understand everyone's views and attitudes on how to implement this matter." There are four voting options: immediate total burn, extend the vesting period by year, transfer to a community multi-signature wallet, and gradually unlock over time.
#om

🔻 Support Level Analysis
Support Level Analysis Description
$74.12 Short-term support level near the current price; if broken, it may trigger further declines.
$72.67 Historical low area, may provide some buying support.
$70.44 Key support level; if broken, it may test lower support areas.
🔺 Resistance Level Analysis
Resistance Level Analysis Description
$77.80 Major resistance level in the short term; breaking this level may open up upward space.
$80.03 Recent high; breaking this level may attract more buying.
$81.48 Strong resistance area, which has been tested multiple times historically without success.

🎯 Entry Suggestions
Short-term Traders
Aggressive Strategy: Consider building positions in batches when the price approaches the $72.67–$74.12 area, with a stop loss set below $70.00.
Conservative Strategy: Wait for the price to break and hold above $77.80 before considering entry, with target levels set at $80.03 and $81.48.
$LTC

American netizens said that Trump has imposed tariffs on China, and China has three options:

First, surrender and agree to all of Trump's demands.

Second, devalue the yuan by 20% to 40%.

Third, launch the largest fiscal stimulus plan in history, estimated at 2 to 3 trillion dollars. ​

Charlie Munger pointed out sharply back in 2010 that Trump's "success" is essentially a trick of "painting rotten wood to look like gold."

I salute OM for this bottom-fishing!

The reasons are as follows, let's start from the beginning:

🔹 What is OM?

OM is the native token of the MANTRA public blockchain, focusing on bringing real-world assets (RWA) on-chain—such as turning traditional assets like real estate and bonds into tokens for trading on the blockchain.

In simple terms, it aims to be a "bridge between traditional finance and DeFi," helping institutions move large sums of money onto the blockchain to get things done.

The underlying structure is a Layer 1 built on Cosmos, supporting cross-chain functionality, privacy protection, governance, staking, lending, liquidity incentives, and more.

🔹 What can it do? What are its uses?

Governance: Holding OM allows participation in voting on major decisions like platform upgrades and interest rate adjustments.

Staking rewards: Staking OM can yield up to 35% annually, and it also allows for mining and lending.

RWA asset trading: Real estate and bonds have already been brought on-chain, attracting over 100 million dollars. In 2024, the asset pool grew by 35%, making it one of the star projects in the RWA sector.

🔹 How did it become popular? Why did it surge?

OM skyrocketed from just a few cents to 8 dollars (February 2025), with an increase of over 100 times, and a market cap exceeding 840 million dollars.

🔥 Three major driving forces for the explosion:

DeFi boom: In 2024, TVL broke 150 billion dollars, and RWA projects reaped the benefits.

Strong partnerships: Secured deals with UAE real estate tycoon MAG and Zand Bank, institutional money started to flow in.

Sentiment-driven: As BTC rises, everyone starts looking for the next big opportunity—RWA became a hot topic.

🔻 Why the crash? Who caused it?

Just a few days ago, OM plummeted from 6U to 0.37U in less than a minute! A short-term collapse of 90%, with over 28.61 million dollars liquidated, wiping out all long positions!

MANTRA's official blog responded:

👉 It was centralized exchanges (CEX) that forcibly liquidated large holders during low liquidity at dawn, triggering a sell-off, and it was not the project team selling tokens.
👉 The team and investors' funds are locked, and the tokenomics hasn't changed.
👉 Market makers also made mistakes, mistakenly pulling BTCDOM (Bitcoin market cap index) up by 20%, becoming one of the black swans.

Even CZ commented: "Don’t chase narratives, look at the project's fundamentals."

Analysis of the core reasons for the plunge:

Controversy on the project side: Some senior players accused the team of suspected withdrawal of funds, calling it a "YD conspiracy coin" and "returning to zero on the spot". Such negative rumors directly triggered panic selling in the market.

Market manipulation signs: Some traders observed that there were abnormal trading behaviors in this plunge, and it was suspected that the market maker failed to control the market, resulting in the price losing liquidity support.

Some traders are focusing on weekly level support, believing that ETH needs to stabilize in the range of $1675-$1715 to alleviate downward pressure; otherwise, it may retest $1529.