AABCDDE

1. Sign (Sign Protocol)

Basic Introduction:
• Positioning: Decentralized Identity Authentication and Reputation Protocol.
• Goal: Users can record and prove their actions and achievements on the blockchain, creating an 'on-chain resume.'
• Application Scenarios: DAO elections, guild organizations, on-chain job markets (e.g., credit verification for freelancers).

Positive Analysis:
• Rising Demand for Web3 Identity: With the rise of DAOs and decentralized social platforms, 'on-chain identity management' will become one of the infrastructures.
• Trend of Privacy Protection: Sign emphasizes protecting user privacy rather than complete transparency, aligning with future compliance and privacy protection trends.
• Large Potential for Collaboration: Opportunities for integration with social protocols, DeFi protocols, gaming platforms, and other cross-domain areas.

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2. Shell (Shell Protocol)

Basic Introduction:
• Positioning: A new type of cross-chain liquidity protocol in the DeFi space.
• Goal: To make asset swaps between different chains faster, cheaper, and more secure.
• Application Scenarios: Cross-chain asset trading, synthetic assets, stablecoin liquidity management.

Positive Analysis:
• Long-term Demand for Cross-Chain: As the multi-chain ecosystem develops (e.g., ETH, BNB, Solana), secure and convenient cross-chain protocols become a fundamental infrastructure need.
• Driven by Cross-Chain Trends like LayerZero: Shell is related to cross-chain concepts and may benefit from the overall sentiment in the space.
• Innovative Design: Introduces mechanisms similar to 'smart routing,' allowing users to experience cross-chain operations close to single-chain operations, showcasing novel technology.
• Opportunity to Leverage RWA Concept: If Shell integrates real-world assets (RWA) in the future, it could also open new markets.

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3. Pengu (Pengu Coin / Pengu Protocol)

Basic Introduction:
• Positioning: Meme coin, characterized by community culture and humorous entertainment.
• Goal: To create a community token centered around a penguin image, promoting Web3 cultural development.
• Application Scenarios: Mainly focused on community interaction, NFTs, simple games, and events.

Positive Analysis:
• Meme Coin Hype Continues: Especially in markets where small coins can easily be speculated (e.g., Dogecoin, Shiba Inu effect).
• High Community Engagement: There is a loyal base of supporters who promote the token voluntarily, increasing its exposure.
• Ultra-Low Market Value, High Potential for Explosive Growth.

🔍 How to Discover Cryptocurrency Airdrop Opportunities

1. Follow Official Communities and Announcements
• Social Media Platforms: Follow the project's official accounts on Twitter (now known as X), Discord, Telegram, etc., as these platforms are often used to announce airdrop information.
• Crypto Communities and Forums: Community platforms like Reddit, Bitcointalk, etc., also share information related to airdrops. 

2. Use Airdrop Information Aggregation Websites
• Airdrops.io: Provides a list of upcoming and ongoing airdrops, along with detailed instructions.
• CoinMarketCap Airdrop: Lists the latest airdrop activities and provides participation conditions and deadlines. 
• Airdrop Alert: Tracks various airdrop information and offers reminder functions. 

3. Participate in Testnets and Beta Programs

Many projects reward early users through testnets or beta testing, and participating in these activities may provide opportunities to receive airdrops. 

4. Use Airdrop Checking Tools
• Lootbot: An automated cryptocurrency airdrop tool that will notify you when your wallet meets airdrop conditions. 
• DeBank: View your wallet assets and interactions, helping you track possible airdrop eligibility.
• Dune Analytics: Provides on-chain data analysis to help you understand the project's activity.

5. Hold Specific Tokens or NFTs

Some airdrop activities require users to hold specific tokens or NFTs, and these holders may automatically receive airdrops. 

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🛠 Useful Tools and Resources
• DeFiLlama: View top-ranking DeFi applications on various public chains and understand the project's total value locked (TVL). 
• Ultrasound.money: Provides real-time Gas fee queries for Ethereum to help you save on transaction costs. 
• Revoke.cash: Revoke unnecessary smart contract authorizations to improve wallet security.

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⚠️ Notes
• Beware of Scams: Be cautious of airdrop activities that ask for your private keys or transfers, as these might be scams. 
• Sybil Attack: Avoid using multiple accounts to participate in airdrops, as this may be seen as abuse, leading to disqualification. 
• Gas Fee Considerations: When participating in airdrop activities, pay attention to the transaction's Gas fees to ensure cost-effectiveness.

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#空投发现指南

#特朗普税改
As of April 27, 2025, President Trump proposed a large-scale tax reform plan aimed at reducing the tax burden on middle- and low-income families through tariff revenue and promoting economic growth. Below are the main contents and potential impacts of the tax reform plan:

⸻

🧾 Core Contents of the Tax Reform

1. Expanding Individual Income Tax Deductions
• The plan will make the individual income tax deductions from the 2017 Tax Cuts and Jobs Act (TCJA) permanent and add tax exemptions for tips, social security income, and overtime pay.
• These measures are expected to reduce federal revenue by approximately $4.5 trillion between 2025 and 2034.

2. Using Tariff Revenue as a Source of Tax Relief Funding
• Trump proposed a 10% tariff on all imported goods and higher tariffs on countries with the largest trade deficits with the U.S.
• These tariffs are expected to generate new revenue for the government to offset the fiscal gap caused by the tax relief.

3. Establishing a 'Foreign Income Service Bureau'
• To manage the new tariff revenue, the government plans to establish a new agency responsible for collecting and managing taxes from abroad.

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⚠️ Potential Risks and Controversies

1. Expansion of the Fiscal Deficit
• According to forecasts, without corresponding spending cuts, these tax reform measures could increase the federal deficit by about $5.7 trillion over the next decade.

2. Impact of Tariffs on Consumers
• Although tariffs are aimed at protecting domestic industries, they may lead to higher prices for imported goods, increasing the cost of living for consumers.

3. Divisions within Congress
• There are divisions within the Republican Party on how to balance tax relief with fiscal responsibility, particularly regarding the restoration or increase of State and Local Tax (SALT) deductions.

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📊 Possible Economic and Market Impacts
• Stock Market Reaction: Tax relief may boost the stock market in the short term, but long-term concerns about the fiscal deficit may dampen investor confidence.
• Consumer Spending: Reduced tax burdens on middle- and low-income families may increase their disposable income, promoting consumption.
• Corporate Investment: Corporate tax cuts may incentivize businesses to increase investment, but tariffs may raise import costs, affecting supply chains.

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114/4/27「Garbage Coin Analysis」solv

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Factors of Solv:
1. Project positioning is relatively niche, limited demand
• Solv focuses on "Programmable Asset Vouchers" and "Yield Tokens"; although the concept is new, the actual market demand for such products is relatively small.
• Without integration or collaboration with major DeFi platforms, growth potential may be limited.
2. High reliance on the DeFi macro environment
• The application scenarios of Solv mainly rely heavily on the prosperity of the DeFi sector. If the DeFi market cools down and funds flow out, the demand for SOLV will directly decline, and the token value will naturally be under pressure.
3. Insufficient liquidity and trading volume
• Compared to mainstream tokens (like ETH, SOL, etc.), SOLV has relatively low trading volume on major exchanges, poor liquidity, and is easily manipulated by large funds, leading to significant price volatility.
4. Potential risks of smart contracts
• Although Solv has undergone audits, due to the involvement of multi-layered asset management and programmable logic, if a smart contract has vulnerabilities, the impact will far exceed that of traditional DeFi protocols.
5. Pressure from the token economic model
• If the unlocking pace of SOLV tokens for early fundraising and early investors is too fast, selling pressure will increase, easily causing long-term price stagnation and decreasing attractiveness.

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Recent potential event risks for Solv:
1. Risk of institutional fund withdrawal
• Some institutions that supported Solv early (such as Binance Labs, Mirana, etc.) may withdraw or reduce their holdings in batches due to market conditions or strategic adjustments, leading to a decline in confidence in Solv's funding.
2. Airdrop releases and sell-off waves
• Solv has recently implemented airdrop activities; these airdrop users typically have strong short-term arbitrage intentions. Once they receive the tokens, they may sell quickly, creating significant selling pressure.
• Especially if the overall market is weak, the selling pressure will be amplified.
3. Cross-chain asset security risks
• Solv involves multi-chain operations (such as Ethereum, BNB Chain, etc.), and cross-chain bridges have always been high-risk areas in the blockchain field. If a security incident occurs, confidence in the funds can easily collapse.
4. Market trust crisis in high-yield protocols
• In the past year, many high-yield products have caused the market to be extremely cautious due to inability to redeem or black swan events (such as the Anchor Protocol incident). As a yield certificate protocol, Solv is naturally prone to being impacted in terms of trust.

【Today's Popular Cryptocurrencies and Trends】
• Bitcoin (BTC)
• Funds are flowing back to Bitcoin for hedging in the U.S. market, continuously strengthened by institutional asset allocation.
• The market is focused on whether the upcoming U.S. GDP data will further boost Bitcoin demand.
• Ethereum (ETH)
• Progress on the Ethereum ETF has sparked discussions, with the U.S. Securities and Exchange Commission (SEC) expected to respond to several applications by May.
• The activity level of the Layer2 ecosystem has increased, driving up the daily transaction volume on the Ethereum network.
• Solana (SOL)
• Ecosystem explosion: DeFi, NFT, and GameFi projects are returning in large numbers, leading to a significant increase in on-chain transaction volume.
• Some large capital has begun to reallocate funds to the Solana ecosystem, strengthening infrastructure layout.
• XRP
• Brazil launched the world's first XRP spot ETF (XRPH11), managed by Hashdex, enhancing market confidence.
• After Ripple's settlement with U.S. regulators, market sentiment for XRP has turned significantly positive.
• Trump (TRUMP) Token
• Due to increased exposure from Trump-related events and news (such as dinners and campaign rallies), community sentiment is high.
• It has become one of the focal points of recent crypto community speculation and discussion, driving a short-term trading frenzy.

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$XRP
【Global Economic Major Events】
• U.S. GDP data to be released soon
The U.S. first quarter GDP data is expected to be announced this week, and the market is highly concerned whether the data results will support signs of economic slowdown, which will have significant implications for the Federal Reserve's (Fed) subsequent interest rate policy direction.
• U.S. CPI data raises market expectations
Multiple investment banks have raised their forecasts for the April CPI year-on-year growth rate, and the market is concerned that high inflation may delay the Fed's interest rate cuts.
• U.S.-China relations continue to play out
The U.S. has announced new tariff proposals targeting China's semiconductor, electric vehicle, and new energy sectors, with China's Ministry of Commerce stating it will respond firmly, leading to heightened tensions and increased market risk aversion.
• Japanese government discusses intervening in yen exchange rate
The yen continues to depreciate, and Japanese Ministry of Finance officials reiterated that "if necessary, decisive action will be taken," increasing the likelihood of intervention.

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【Cryptocurrency and Blockchain】
• XRP spot ETF launches
The Brazilian stock exchange B3 has launched the world's first XRP spot ETF (XRPH11), managed by Hashdex, signifying XRP's official entry into the compliant financial market.
• Bitcoin ecosystem expansion
With multiple financial companies and international enterprises incorporating Bitcoin into their asset allocation, the cryptocurrency market sentiment is warming up, reinforcing the narrative of Bitcoin as an inflation hedge and a store of value.
• Increased activity on Solana blockchain
The trading volume and number of active wallets in the Solana ecosystem have recently continued to rise, showing clear signs of recovery in the DeFi and NFT sectors.
• Bitget platform faces community controversy
Recently, users have reported trading anomalies and liquidation disputes on the Bitget platform, with the official response stating that an internal investigation will be initiated, but the incident has still sparked dissatisfaction among parts of the community.

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【Other Highlights】
• Internal discussions at the European Central Bank to slow down quantitative tightening
Under the pressure of a slowing European economy, some officials are calling for adjustments to the asset reduction plan by mid-year.
• Global corporate merger and acquisition wave continues
Several large tech companies and financial institutions have initiated mergers or investment actions, indicating an active market capital, but accompanied by rising potential regulatory risks.

54122748965
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【The world's first XRP spot ETF launched in Brazil, leading globally】
• The world's first XRP spot ETF:
• On April 25, 2025, the Brazilian Stock Exchange (B3) officially launched the world's first ETF tracking XRP spot, coded XRPH11, managed by asset management company Hashdex.
• Fund allocation and characteristics:
• XRPH11 tracks the NQXRP index, with at least 95% of its asset allocation in XRP and related assets.
• Management fees as low as 0.7%, with no structured additional fees, designed to attract institutional investors’ attention.
• Brazil leads, U.S. lags behind:
• Following the approval of the Solana spot ETF in 2023, Brazil has once again taken the lead over the United States by launching the XRP spot ETF first.
• In contrast, the U.S. is still reviewing applications for crypto asset ETFs, with a relatively slow regulatory process.
• Ripple lawsuit concluded:
• The four-year tug-of-war lawsuit between Ripple and the U.S. SEC has ended, with both parties reaching a settlement. After Ripple paid a fine of $50 million, the remaining funds were refunded.
• This move removes significant legal barriers for XRP in the U.S. market and boosts market confidence.
• Market significance:
• XRP officially enters the mainstream compliant financial market, expected to attract more institutional capital attention, further enhancing XRP's international recognition and market position.

$ETH
【1】TRUMP
• Major News:
• Trump has recently mentioned 'support MAGA, like $TRUMP' repeatedly in speeches and on social media platforms, driving community sentiment.
• Related Meme coin sectors continue to see active funding, especially as the U.S. enters a presidential election year, with political heat continuing to rise.
• Potential Risks:
• If Trump's subsequent attitude changes or is impacted by other political events, sentiment may quickly reverse.
• Legal lawsuits and election variables may impact TRUMP-related assets.

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【2】BTC (Bitcoin)
• Major News:
• Bitcoin's market capitalization continues to rank as the 10th largest asset globally.
• Central banks and large asset management companies worldwide are increasing their attention on Bitcoin (especially as a hedge asset).
• Recent geopolitical situations (Middle East, Ukraine-Russia situation) have led to capital flowing into hedge assets, including Bitcoin.
• Potential Risks:
• The U.S. may strengthen regulatory investigations into cryptocurrency money laundering and tax evasion.
• If U.S. economic data exceeds expectations, hedge demand may weaken, and capital may shift out of the Bitcoin market in the short term.

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【3】ETH (Ethereum)
• Major News:
• The U.S. SEC is accelerating the review process for cryptocurrency-related ETFs, and calls for an ETH spot ETF are continuously rising.
• The Ethereum ecosystem continues to grow steadily, with Layer 2 (like Arbitrum, Optimism) showing robust trading volume.
• Rumors suggest large U.S. financial institutions are testing Ethereum blockchain for enterprise-level applications (not officially announced).
• Potential Risks:
• If the SEC rejects the ETH spot ETF application, it will severely impact market sentiment.
• Ethereum transaction fees remain relatively high, and some emerging chains (like Solana, Sui) are capturing market share.

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【4】SOL (Solana)
• Major News:
• The Solana ecosystem's Meme craze continues to erupt, driving overall on-chain activity.
• DePIN (Decentralized IoT, Computing Network) application projects like Helium and Render still primarily deploy on Solana.
• Solana's official team continues to strengthen network upgrades (reducing downtime issues and improving performance).
• Potential Risks:
• Small-scale network congestion events still occasionally occur on the Solana chain, raising concerns among users.
• Some Meme coin sectors are overheating, which could lead to a funding bubble bursting and subsequently affect the short-term confidence in the entire chain.

#特朗普暂停新关税

Trump Suspends New Tariffs

Latest Situation Summary (April 2025):
• Event Overview:
Former U.S. President Donald Trump announced at a recent public event that if he is elected again, he will suspend plans to impose new tariffs on certain countries. This move is interpreted by the market as an attempt to alleviate inflationary pressures while maintaining the international competitiveness of American companies.
• Main Content:
• Freeze new tariff proposals, temporarily refraining from increasing trade pressure on China, Mexico, Vietnam, and other regions.
• The goal is to prevent further increases in the prices of imported goods, especially in the fields of apparel, electronics, and automotive parts.
• Emphasize that there will still be supervision over 'unfair trade practices,' but large-scale new tariffs will not be implemented for now.
• Impact Analysis:
• In the short term, it alleviates market concerns, leading to a slight rebound in global stock and commodity markets.
• The U.S. dollar index has slightly declined, as the market expects reduced import price pressures in the U.S., lowering inflationary risks.
• Bitcoin and cryptocurrency market sentiment is bullish, as the risk of global economic recession temporarily decreases, leading to more aggressive asset allocation.
• There is a temporary positive effect on U.S.-China trade relations, helping to stabilize supply chains.
• Subsequent Focus Points:
• Whether Trump will propose new alternative trade policies (such as subsidies, tax incentives) to strengthen American manufacturing.
• Formal responses from various countries regarding this policy change, especially whether China will proactively signal easing.
• Trends in U.S. domestic inflation and unemployment rates, affecting the sustainability of policies.

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$ETH

The following is a summary of the latest developments in the cryptocurrency space as of April 25, 2025 (Friday) afternoon:

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📉 Market Overview
• Bitcoin (BTC): The price stabilizes around $93,000, unable to break through the key resistance level of $95,000.
• Total cryptocurrency market capitalization: Dropped below $3 trillion on Thursday, down about 3.5% from the $3.2 trillion high earlier this week.

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🔥 Popular Coins and Themes
• SUI: Strong performance, becoming one of the market focal points.
• TRUMP Coin: Price surged over 50%, with market sentiment high.

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🏦 Policy and Regulatory Dynamics
• Federal Reserve withdraws guidelines related to banks and cryptocurrency assets: The U.S. Federal Reserve announced the withdrawal of banking regulations related to cryptocurrency activities, a move seen as positive news for the crypto market.

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📈 Technical and Market Observations
• Bitcoin Technicals: If it can break through $95,000, it may further test $100,000; if it falls below $88,750, it could drop to the range of $84,000 to $86,300.

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114/4/25「Garbage Coin Analysis」
OM, empty to zero!

［OM］
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1. Project narrative overly relies on speculation, lacking substantial progress

MANTRA focuses on RWA (Real World Asset Tokenization) narrative, but still lacks representative landing applications or actual usage, leaning towards speculative themes, and the market doubts its technical implementation capabilities.

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2. Team has faced skepticism and has a poor reputation

Early on, OM coin was classified as a 'meme project', having experienced issues with opaque token distribution and high selling pressure from early investors, resulting in a collapse of community trust. Even though it has recently shifted towards RWA, it cannot completely escape the impact of its past reputation.

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3. Severe inflation structure, potential sell pressure is high

The total token supply reaches 888,888,888 coins, with a significant proportion allocated to early mining, the team, and ecological funds. Although some have been unlocked, there are still future unlocking schedules, which could trigger large sell-offs if prices rise.

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4. High market competition pressure

The RWA track currently has several mature projects (such as Ondo Finance, Maple, Centrifuge), and MANTRA lacks significant technological advantages and compliance cooperation foundation, facing marginalization risks.

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5. Market sentiment is sensitive, small and medium coins are sold off first

When the overall market weakens (such as during the major market correction in April 2025), low liquidity and highly speculative coins like OM are the first to be discarded by investors, leading to declines often exceeding those of mainstream coins.

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6. Lack of a clear financial return model

The project party has not explained how RWA asset returns will flow back to token holders, leading investors to question the actual value of long-term holding, further weakening support.

114/4/24 ‘Garbage Coin’ API3 Analysis
Join me in going to zero!

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1. Insufficient Practicality and Adoption
• Limited real-world applications: Although API3 emphasizes the innovative concept of “first-party Oracles,” mainstream DeFi protocols (such as Aave, Compound, Uniswap) still choose to use Chainlink or built-in Oracles, with low adoption rates for API3's dAPI and a lack of significant partnership cases to support it.
• Misestimated demand: There is a strong demand for highly reliable data in the blockchain world, but most projects prefer the more mature Chainlink, making it difficult for API3 to change the existing ecosystem.

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2. Technical and Governance Risks
• Low code update frequency: Slow development progress, relatively inactive GitHub activity, and community doubts about the team's enthusiasm and commitment.
• Centralized governance issues: Although there is a DAO structure, actual voting is concentrated among a few large holders and funds, leading to potential imbalances.

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3. Token Economics and Price Pressure
• Inflation and unlocking pressure:
• API3 has a larger allocation of reserved tokens for the team, advisors, and DAO inventory.
• The long-term unlocking rhythm can create market selling pressure, especially when the fundamentals cannot support the price.
• Long-term price weakness: Compared to other Oracle projects, performance is sluggish, and most investors have categorized API3 as a project that “failed to meet expectations.”

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4. Intense Competition
• Overwhelming market share of Chainlink: Chainlink not only has a high market share but has also launched the Cross-chain Interoperability Protocol (CCIP), expanding its domain, making it difficult for API3 to shake its position.
• Other emerging Oracles: Projects like Band Protocol and Pyth also offer innovative solutions, competing for attention.

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Conclusion

Although API3 has a creative concept, it currently shows weakness in adoption, technological advancement, market confidence, and token performance. Without significant breakthroughs or partnerships, it is highly likely to continue deteriorating, potentially becoming one of the “zero projects” after the funds are exhausted.

The following is the latest overview and analysis of four cryptocurrencies: SUI, ADA (Cardano), XRP (Ripple), and SOL (Solana) as of April 2025:

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1. SUI (Sui)

Overview:
Sui is a next-generation L1 blockchain developed by Mysten Labs, focusing on high scalability and low latency, using the Move language.
Recent Developments:
• The ecosystem is rapidly expanding, particularly in the GameFi and NFT sectors.
• Due to funding grants and incentive programs, there is a short-term upward trend in TVL.

Positive Factors:
• Solid technical foundation, emphasizing parallel transaction processing.
• Supported by several large VCs, such as a16z and Jump.

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2. ADA (Cardano)

Overview:
Cardano is led by Ethereum co-founder Charles Hoskinson, valuing academic research and formal verification.
Recent Developments:
• The Basho era is coming to an end, with ongoing testing of the Hydra Layer 2 solution.
• The growth rate of the ecosystem is slow, and TVL rankings have been surpassed by several other chains.

Positive Factors:
• The community is stable and loyal, with strong long-term believers.
• The technical roadmap is rigorous, with potential applications in government and institutions.

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3. XRP (Ripple)

Overview:
XRP is mainly used for cross-border payments, with Ripple Labs collaborating long-term with various financial institutions.
Recent Developments:
• The lawsuit with the SEC is basically concluding, but it is still not completely clear.
• Ripple continues to promote the XRP Ledger for stablecoin and CBDC models.

Positive Factors:
• Wide foundation of cooperation with financial institutions, especially in Asia and Latin America.
• The legal battle may gradually clarify issues, restoring market confidence.

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4. SOL (Solana)

Overview:
Solana emphasizes high TPS and low transaction fees, making it one of the fastest L1s available.
Recent Developments:
• On-chain activity is extremely active, with a surge in users and TVL driven by the Meme coin craze, such as WIF and BONK.
• Collaboration between Solana Pay and Shopify is promoting physical payment applications.

Positive Factors:
• Rich ecosystem with thriving DeFi, NFTs, and Meme coins.
• Active developer community, with gradual promotion of Solana Phone.

#比特币市值排名

As of April 2025, the market capitalization of Bitcoin has reached approximately $1.83 trillion, successfully surpassing Google (Alphabet) and Amazon, becoming the fifth largest asset globally, only behind gold, Apple, Microsoft, and Saudi Aramco. This achievement marks Bitcoin's transition from a marginal asset to one of the core members of the global capital market, possessing high attributes of hedging and value storage.

The rapid rise in Bitcoin's market capitalization is mainly due to the significant influx of institutional funds, the continued enthusiasm for Bitcoin spot ETFs in the United States, and the market's demand for hedging against fiat currency devaluation and geopolitical risks. Bitcoin is gradually gaining a status similar to that of gold, being regarded as "digital gold," and this narrative has also secured its place in global asset allocation.

Currently, Bitcoin's performance also symbolizes the significant enhancement in the maturity and acceptance of the entire cryptocurrency market. With the uncertainty of the Federal Reserve's monetary policy and the increased risk of a global economic slowdown, cryptocurrency assets, especially Bitcoin, may continue to attract more funds in the future, challenging higher market capitalization rankings. If the market capitalization continues to grow, it could even threaten Saudi Aramco and further approach the status of tech giants Apple and Microsoft.

$TRUMP

Below are the key news highlights from the cryptocurrency market on April 24, 2025, covering price dynamics, policy trends, exchange activities, and market sentiment:

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📊 Market Conditions and Trends
• Bitcoin (BTC): Price slightly decreased by 1.2%, reported at $92,413, with market capitalization falling to $1.835 trillion and market dominance at 63.43%. Nevertheless, BTC still rose approximately 12% this week, surpassing Google and Amazon to become the fifth largest asset globally.
• Ethereum (ETH): Price decreased by 0.8% to $1,766. The recent Pectra upgrade introduced EIP-7732, which is expected to reduce transaction fees to $0.001, and the staking annual yield has rebounded to 4.2%.
• XRP: Price fell by about 4%. Analyst Edoardo Farina warned that selling XRP now might be a wrong decision, advising investors to wait for Ripple to announce details of its custody plan.
• Dogecoin (DOGE): Price dropped by about 4%, reflecting cautious sentiment in the market towards risk assets.

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🏦 Exchange and Institutional Dynamics
• Bitget: Upgraded its liquidity incentive program, offering top-tier market maker rebates for institutional traders, aimed at attracting more professional liquidity providers.
• MEXC: Recorded the fastest market share growth in the spot and derivatives markets during Q1 of 2025, demonstrating strong performance during market downturns.
• Toobit: Launched a cryptocurrency gifting feature on Telegram, allowing users to send cryptocurrencies directly through the chat application, enhancing user interactivity.

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🌐 Policy and Institutional Movements
• Sovereign Wealth Funds: According to a report by Coinbase, sovereign wealth funds are quietly accumulating Bitcoin, indicating growing confidence among institutional investors in crypto assets.
• Russia: Plans to launch an official Bitcoin and cryptocurrency exchange, a move that could have significant implications for the global crypto market.

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🧠 Market Sentiment and Technical Indicators
• Bitcoin Technical Indicators: Despite the occurrence of a golden cross between the 21-day and 50-day moving averages, new trend forecast signals indicate that BTC may face tests of support levels.
• Increase in Dormant Bitcoin Activity: In Q1 2025, trading volume of Bitcoin held for over seven years significantly increased, potentially signaling a shift in market participant behavior.

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#TRUMP晚宴

Recently, U.S. President Donald Trump announced that a private dinner will be held on May 22, 2025, at the Trump National Golf Club in Washington, D.C., inviting the top 220 holders of the '$TRUMP' meme coin to attend. This news caused the price of the cryptocurrency to soar over 70% in a short period, attracting widespread market attention.

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🍽️ Dinner Details
• Date and Location: May 22, 2025, at the Trump National Golf Club in Washington, D.C.
• Invitees: The top 220 holders of the '$TRUMP' coin.
• Special Treatment: The top 25 holders will be invited to a private reception with the President and will receive a tour of the White House.
• Registration Method: Participants must connect their wallets and register through the official website between April 23 and May 12, 2025; the system will rank based on the number of coins held.

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📈 Price Fluctuation and Market Reaction

After the dinner announcement, the price of the '$TRUMP' coin rapidly rose from about $7 to $16, an increase of over 70%. However, the coin had reached a peak of $75 in January 2025, before significantly dropping due to increased market supply and decreased demand.

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⚠️ Controversy and Risks

This move has sparked ethical debates regarding the intersection of politics and cryptocurrency. Critics argue that Trump is using the presidency for personal financial gain, which may constitute a conflict of interest. White House Deputy Press Secretary Anna Kelly stated that the President's assets are managed by a trust fund run by his children, denying any conflict of interest.

Additionally, the coin recently unlocked approximately 40 million tokens, and the increased market supply could exert downward pressure on the price. Investors should be wary of price volatility risks and avoid losses due to short-term speculation.

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🧭 Investment Advice

For individuals interested in attending the dinner or investing in the '$TRUMP' coin, it is recommended to:
• Carefully assess risks: Consider the coin's price volatility and market supply and demand conditions.
• Follow official information: Obtain the latest registration and ranking information through the official website.
• Avoid blind following: Analyze investment value rationally and avoid making impulsive decisions based on short-term news.

🧱 Stafi (FIS)

Project Introduction: Stafi is a protocol focused on providing liquidity for staked assets, allowing users to trade assets without unstaking.

Potential Negative Factors:
• Competitive Pressure: With the rise of other liquidity staking protocols (such as Lido, Rocket Pool), Stafi faces intense market competition, which may affect its market share.
• Technical Risks: As a newer protocol, there may be undiscovered smart contract vulnerabilities that pose a threat to fund security.

Zero Risk:
• Insufficient Market Demand: If user demand for liquidity staking decreases, the utility and value of Stafi may decline significantly.
• Governance Failures: Poor project governance may lead to decision-making errors, affecting project development and user confidence.

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🏛️ IDEX (IDEX)

Project Introduction: IDEX is a hybrid decentralized exchange that combines features of both centralized and decentralized exchanges, providing fast trading and user asset control.

Potential Negative Factors:
• Market Competition: Facing competition from large decentralized exchanges like Uniswap and SushiSwap, IDEX may struggle to attract sufficient users and liquidity.
• Regulatory Risks: Global regulation on cryptocurrency exchanges is becoming increasingly strict, and IDEX may face compliance challenges.

Zero Risk:
• Liquidity Exhaustion: If trading volume remains low, it may lead liquidity providers to withdraw their funds, further weakening the platform's appeal.
• Security Incidents: If subjected to hacking attacks or exploitation of smart contract vulnerabilities, it may result in user asset losses and decreased trust.

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🧙 Magic (MAGIC)

Project Introduction: Magic is the native token of the Treasure ecosystem, primarily used to support its gaming and NFT platform.

Potential Negative Factors:
• Market Volatility: As a gaming and NFT-related token, the price of MAGIC is highly dependent on market sentiment and trends in that field.
• User Engagement: If the number of gaming users declines, it may affect the token's utility and demand.

Zero Risk:
• Ecosystem Development Stagnation: If the Treasure platform cannot continuously attract developers and users, the value of MAGIC may decline significantly.
• Emergence of Competitive Projects: The success of other gaming and NFT platforms may divert user attention, affecting MAGIC's market position.

#加密市场反弹

The following is a summary of the latest market analysis and overview for three cryptocurrencies – Turbo (TURBO), Bio Protocol (BIO), and MixMarvel (MIX): 

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🐸 Turbo (TURBO)

Turbo is a meme coin created with the assistance of AI, gaining attention for its unique founding story and community support. 
• Price Performance: The current price is approximately $0.0041, up over 60% in the last 24 hours, and up more than 130% over the past week. 
• Market Cap and Trading Volume: The market cap is approximately $280 million, with a 24-hour trading volume exceeding $440 million, indicating high market activity. 
• Supply: The total supply is 69 billion coins, all of which are in circulation. 
• Future Outlook: According to CoinCodex's forecast, TURBO's price may reach $0.0194 by 2025, with a potential return rate exceeding 370%. 

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🧬 Bio Protocol (BIO)

Bio Protocol is a decentralized science (DeSci) platform aimed at providing funding and governance mechanisms for research projects. 
• Price Performance: The current price is approximately $0.0809, up about 50% in the last 24 hours and over 90% in the past week.
• Market Cap and Trading Volume: The market cap is approximately $113 million, with a 24-hour trading volume of around $143 million, showing strong market demand. 
• Supply: The circulating supply is about 1.41 billion coins, with a total supply of 3.32 billion coins.
• Future Outlook: If BIO Protocol becomes the standard platform in the DeSci field and attracts global research institutions and investors, its market cap has the potential to reach billions of dollars. 

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🎮 MixMarvel (MIX)

MixMarvel is a project focused on blockchain gaming and virtual worlds, providing a game development and asset trading platform. 
• Price Performance: The current price is approximately $0.0011, up about 4.25% in the last 24 hours. 
• Market Cap and Trading Volume: The market cap is approximately $10.26 million, with a 24-hour trading volume of about $619,000, indicating relatively low market activity.
• Supply: The circulating supply is 9.2 billion coins, with a total supply of 10 billion coins.
• Future Outlook: If MixMarvel can establish a strong ecosystem in the blockchain gaming sector and attract a large number of users, its token value is expected to rise accordingly.

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$ETH

Here are the key global financial highlights for April 23, 2025, covering U.S. policy dynamics, international market trends, Taiwan's stock market overview, and global economic outlook:

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🇺🇸 U.S. Policy and Market Dynamics

Trump pressures Fed Chair Powell, market volatility intensifies

U.S. President Trump recently publicly criticized Federal Reserve (Fed) Chair Powell, calling him "Mr. Slowpoke" and urged for immediate interest rate cuts. This has raised concerns about the Fed's independence, leading to a weaker dollar and simultaneous declines in U.S. stocks and bonds.

U.S. stock indices opened higher but closed lower

Despite investors focusing on corporate earnings reports, the three major U.S. stock indices rose at the opening but ultimately closed down. The Dow Jones Industrial Average fell by 971.82 points, closing at 38,170.41 points; the S&P 500 index fell by 124.50 points, closing at 5,158.20 points; the Nasdaq index fell by 415.55 points, closing at 15,870.90 points.

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🌍 Global Economic and Market Overview

IMF lowers global economic growth forecast

The International Monetary Fund (IMF) latest report has downgraded the global economic growth forecast for 2025 to 3.2% and warned that the tariff war could severely impact the world economy. The report indicates that the pace of global inflation decline will be slower than expected, with a projected 4.3% for 2025.

Gold prices soar to new highs

Driven by safe-haven demand, gold prices have surpassed $3,400 per ounce, setting a new historical high. Investors are concerned that the global trade war will drag down economic and corporate profit growth, leading them to turn to safe-haven assets like gold.

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🇹🇼 Taiwan Market Dynamics

Taiwan's stock market opens lower, market sentiment cautious

Affected by the sharp decline in U.S. stocks, the Taiwan Weighted Index opened lower, and market sentiment turned cautious. Investors are watching U.S. policy trends and the global economic outlook, maintaining a wait-and-see attitude towards Taiwan's stock market in the future.

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🇨🇳 China’s Economic and Policy Trends

Central Committee promotes free trade pilot zone strategy

The Central Committee of the Communist Party of China and the State Council issued "Opinions on Implementing the Strategy for Enhancing Free Trade Pilot Zones," supporting innovative development in digital trade and orderly expansion of financial openness, aiming to promote high-level openness to the outside world.

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#Metaplanet增持比特币

Below is a summary of global financial news on April 22, 2025, covering key points such as U.S. policy dynamics, international market trends, Taiwan's stock market overview, and global economic outlook:

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🇺🇸 U.S. Policy and Market Dynamics

Trump puts pressure on Fed Chairman Powell, market volatility intensifies

U.S. President Trump recently publicly criticized Federal Reserve (Fed) Chairman Powell, calling him 'Mr. Slow to Respond', and urged for an immediate interest rate cut. This has raised concerns about the Fed's independence, leading to a weakening of the dollar and a simultaneous decline in U.S. stocks and bonds.

U.S. stock indices open higher but close lower

Despite investors focusing on corporate earnings reports, the three major U.S. stock indices rose at the open but ultimately closed lower. The Dow Jones Industrial Average fell by 971.82 points, closing at 38,170.41 points; the S&P 500 index fell by 124.50 points, closing at 5,158.20 points; the Nasdaq index fell by 415.55 points, closing at 15,870.90 points.

⸻

🌍 Global Economic and Market Overview

IMF downgrades global economic growth forecast

The International Monetary Fund (IMF) has revised its global economic growth forecast for 2025 down to 3.2%, warning that the tariff war could severely impact the world economy. The report indicates that the pace of global inflation decline will be slower than expected, with an estimate of 4.3% for 2025.

Gold prices soar to new highs

Driven by safe-haven demand, gold prices have surpassed $3,400 per ounce, setting a new historical high. Investors are concerned that the global trade war will hinder economic and corporate profit growth, leading them to turn to safe-haven assets like gold.

⸻

🇹🇼 Taiwan Market Dynamics

Taiwan's stock market opens lower, market sentiment cautious

Affected by the significant decline in U.S. stocks, Taiwan's weighted index opened lower, and market sentiment turned cautious. Investors are paying attention to U.S. policy developments and the global economic outlook, holding a wait-and-see attitude towards the future of Taiwan's stock market.

⸻

🇨🇳 China’s Economic and Policy Trends

Central Committee promotes free trade pilot zone strategy

The Central Committee of the Communist Party of China and the State Council issued the 'Opinions on Implementing the Strategy for Enhancing Free Trade Pilot Zones', supporting the innovative development of digital trade and orderly expansion of financial openness, aimed at promoting high-level opening up to the outside world.