What does it feel like to earn 4.9 million dollars in 1 hour?
In the very early days of #Fartcoin, when the market cap was only about 32 million dollars, he started building his position and sold in batches during the rise, achieving extremely high single transaction returns. In the end, he cashed out 4.9 million dollars!
After completing the first arbitrage, he spent 563,000 dollars to repurchase part of Fartcoin (about 488,000 dollars in market value), continuing to hold and wait for the second round of the market.
This guy is not new to this game; he has long been a frequent presence on the early top buyer list of #Solana's popular MEME projects. His trading style can be described as extremely fast, accurate, and ruthless! He never lingers in a trade; he exits after making the first wave of profits but smartly buys back at lower levels to bet on the second round.
The SEC has just approved ProShares' XRP futures ETF, which will officially launch next Tuesday (4/30). There's so much to say, so I'll share a little at a time.
First of all, I was really shocked when I saw the news. The SEC actually approved it. And they approved three at once: ✅ProShares Ultra XRP ETF ✅UltraShort XRP ETF ✅Short XRP ETF It's not just a single one; it's a whole set that they've given the green light to.
However, it's important to clarify that this is not a #spotETF, but rather a #futuresETF. This means they are buying XRP's futures contracts, not actually holding the XRP coins themselves. But that doesn't matter anymore; direction is more important than form.
Why am I so excited? Because behind this lies a two-year battle between #Ripple and the #SEC.
To recap briefly, On January 17 of this year, ProShares officially submitted the application. At the same time, Ripple's lawsuit with the SEC was also nearing its conclusion;
Ripple voluntarily withdrew its cross-appeal, and the SEC also withdrew its procedural sales appeal. The two sides finally reached an agreement, with Ripple paying a $50 million fine and $75 million being returned.
This really counts as a handshake agreement between them.
So, do you understand now?
Why is #ProShares' XRP ETF able to pass now?
It's not a sudden change of heart, nor is it a policy relaxation, It's because the legal foundation has been solidified, and the door to compliance has started to slowly open a little crack.
Moreover, the bigger story is that the next script is already on its way: #Grayscale, #21Shares, #Bitwise, #CoinShares, #WisdomTree, #FranklinTempleton... a bunch of big names are already lined up to apply for XRP spot ETFs.
It's expected to be revealed by mid-October.
If the #spotETF is really approved, the market estimates that, Just from the first wave, #XRP could attract $8 billion in institutional funds.
$8 billion, brothers and sisters! This is not small money; this has the potential to completely refresh the entire valuation system of XRP, like hitting the refresh button.
So, what you see today with the approval of the #ProShares ETF, I personally think it is a signal, a stronghold, a starting point.
The real big show is still ahead. Don't rush, take your time to watch and slowly prepare.
Recently researched Pump.fun, and the more I look, the more I feel that it is a very contradictory existence on Solana.
On one hand, there is a total revenue of $613 million, and it has crazily absorbed $205 million in the past 30 days; On the other hand, on-chain data shows that over 80% of meme coins do not survive 48 hours.
Every day, over 1800 new coins are born, transaction fees on the Solana chain have skyrocketed, and trading volume has reached record highs, making the ecosystem look super prosperous. But if you take a closer look, most projects have no fundamentals at all, and prices are entirely supported by FOMO sentiment.
In simpler terms, Pump.fun has pushed the Web3 idea of 'anyone can create a coin' to the extreme, And has thoroughly exposed the short cycle and rapid speculation of the meme economy.
The essence of this game is: Who can hype it up the fastest, pump it the fastest, and run away the fastest.
On-chain data shows that over 65% of project pools have liquidity of less than $500, with major players controlling the market and liquidity mining pits visible everywhere. Moreover, regulators have already started paying attention, and it is likely that this freedom and revelry will not last forever.
Today, the price of #黄金 reached a historic high, at $3,384 per ounce, an increase of nearly 29% since the beginning of the year.
This brings us to the cryptocurrency world with PAXG and XAUT, as these two digital gold bars once again showcase a peak showdown:
PAXG/Paxos' well-known player • Daily trading volume: $46.77 million • Market cap: $780 million
XAUT/Tether's low-profile wealthy player • Daily trading volume: $27 million • Market cap: $837 million
Don't be fooled by XAUT's slightly higher total market cap; in terms of trading activity, PAXG holds more value, meaning more people are using it, believing in it, and trading it.
Distinguishing between them is also simple:
#PAXG is backed by the regulated #Paxos in New York, where the gold bar's location and serial number can be checked, and it can even be exchanged for physical gold!
#XAUT , although issued by #Tether and of a larger scale, the physical redemption process has always been a mystery, more like 'if you believe, it exists; if you don't, it doesn't.'
10 hours ago, the mysterious whale again withdrew 1,897 #ETH (about 3 million US dollars) from #Bitget , which is the second large transfer in the past two weeks.
Since April 3, the whale has withdrawn a total of 3,844 ETH (over 6.51 million US dollars), and all funds have been transferred to #coldwallet, with no signs of further transfer.
Below is the wallet address of #鲸鱼 🔗 0x2C3a1986f93b8Fe78e4788888584D2BA093Dd605
Kraken has quietly laid off hundreds of employees over the past few months, affecting multiple core business departments.
This is not the first time, nor is it an isolated case.
The industry signals have completely changed: • Tightening U.S. regulations (SEC targeting custody and staking services) • After the launch of ETFs, exchange traffic has shifted to BlackRock and Fidelity • Severe loss of retail investors, with on-chain active user numbers down over 30% year-on-year • Overall daily trading volume: from a peak of $240 billion/day in 2021 → now only remains at less than $70 billion
Timeline of layoffs for this crypto giant over the past few years:
Five Must-Eat Melons Before the U.S. Stock Market Opens on Thursday
1/NVIDIA Reports $5.5 Billion Impairment • Due to #G20 chip export restrictions to China + overseas markets, NVIDIA's stock price plummeted 6.9% in a single day, evaporating $200 billion in market value overnight. • Dragging down #NASDAQ, which dropped 3.1%, with #Tech heavyweight stocks suffering heavy losses.
2/Powell vs. Trump: Policy Tensions Rise • Powell made a rare statement: "Tariffs may put the Fed's dual mandate (inflation + employment) in conflict." • Trump quickly retorted: He shouldn’t be doing this anymore; rate cuts immediately → Policy path once again becomes unclear, increasing market volatility.
3/Healthcare Giants in Pain: Seniors Seeking Medical Care Too Aggressively • UnitedHealth lowered its full-year profit forecast, with stock price plummeting over 7% in pre-market trading. • CVS, Cigna, and Humana all followed suit with declines. • Rising healthcare costs challenge insurers’ profit and loss models once again.
4/Target's Diversity Cuts Backfire • After a one-size-fits-all approach to the DEI project, traffic plummeted drastically, prompting the CEO to urgently meet with Al Sharpton for "crisis management." • The latter responded: If you don’t want us, we will collectively withdraw.
5/OpenAI Aims to Spend $3 Billion to Acquire WindSurf • For AI programming tools, focusing on fast coding and low costs, reportedly even Microsoft Copilot feels the pressure. • OpenAI is taking a dual approach, releasing its own models while acquiring competitors.
Market value drops by 1 trillion, ETH plummets, DEX changes kings! What exactly happened in the crypto space in Q1 2025?
The total market value of cryptocurrencies plummeted by 18.6% in Q1, evaporating a full 1 trillion dollars. Did you think it was a market issue? In fact, it was triggered by Trump taking office + the global tariff war igniting a macro funds repricing.
Even more outrageous is the trading volume, which dropped directly from an average of over 200 billion a day to 146 billion, a decrease of 27%.
BTC ascended to the throne, while ETH was marginalized. • Bitcoin's dominance surged to 59.1%, hitting a four-year high. • But ETH collapsed from $3336 to $1805, a staggering decline of 45.3%, its dominance only remaining at 7.9%, falling back to 2019 levels.
Solana DEX exploded, replacing the L2 duo. In Q1, Solana accounted for 39.6% of the DEX market share, new dark horses SonicLabs and Berachain parachuted into the top ten, bumping Optimism and Polygon out directly.
Chain games receded, DeFi shrank, and centralized platforms also collapsed. • Pumpdotfun token deployment plummeted by 56%. • ETH on-chain TVL plummeted by 35%. • Bybit was hacked, and trading volume was directly cut in half.
This is not a bear market; it is a reshuffle. Understanding where the funds are going is the key to knowing how to win in Q2.
In the past 5 days, Galaxy Digital deposited a total of 49,681 ETH to Binance and Coinbase, worth approximately $79.37 million at the time.
Combined with its recent completion of a $100 million fundraise, it may be preparing liquidity for new projects or conducting cross-chain capital restructuring.
As of April 16, 2025, the Atlanta Fed's GDPNow model forecasts the U.S. Q1 real GDP to be an annualized -2.2% (a slight upward adjustment from the previous -2.4%), but it still points to recession risks.
The main drag factors are as follows: 1. Net exports: -3.70 percentage points 2. Personal Consumption Expenditures (PCE): +0.87 percentage points 3. Residential investment and inventory: slight positive adjustment
This round of GDP decline is not a full-blown recession, but rather a combination of "net export statistical deviations + consumption slowdown." If PCE rebounds in the coming period, the model's expectations may be significantly revised, with short-term signals weaker than the actual fundamentals.
Singapore is impacted by a 10% tariff from the U.S., with #GDP expectations revised down to 0%-2%, and #MAS is set to ease monetary policy for the second time this year.
The Singapore dollar has depreciated by about 1.5% against the U.S. dollar since the beginning of the year.
On-chain data shows that the trading volume of #USDC flowing from Singapore addresses to Coinbase Prime has significantly increased, indicating that funds may be seeking safe-haven assets.
In the past 5 hours, 6 wallets that may belong to the same entity extracted 15,953 ETH (approximately $26.16 million) from #OKX , then immediately deposited the funds into #AAVE for collateralized lending.
They then borrowed $15.4 million in stablecoins and transferred it back to OKX.
In the past 3 hours, they purchased 4,208 ETH (approximately $6.87 million) from OKX using 4 additional wallets.
They borrowed another $4.85 million from Aave and transferred it back to OKX, is this to continue shopping for #ETH ?
The true whales in the South Korean crypto market are not Generation Z, but their parents.
According to the latest statistics, over 48% of high-net-worth crypto holders in South Korea (with individual account assets exceeding $100,000) are over the age of 50: • 50-59 years old: 29% • Over 60 years old: 19%
They: • Prefer Bitcoin and stablecoins • Favor long-term holding • Deploy in cold wallets and offline asset allocations
Young people are speculating, while the older generation is holding the reins. The future on the chain is a cross-generational game.
They had purchased 84.14 million OM from Binance at the end of March, costing about $560 million. Now, the remaining amount is only worth $62.2 million, resulting in a paper loss of over $400 million.
Fear and Greed Index High Pullback, Bull Market Sentiment Reversal?
In the past month, the average value of this index has significantly corrected after reaching a two-year high. This is not a bear market signal, but rather the market entering a risk compression phase.
Similar trends occurred in September 2024, followed by a 50% surge in Bitcoin.
Now, the index is once again testing the critical 25% zone, and on-chain data shows: • Active addresses up 6.2% • Net inflow of stablecoins exceeds 110 million USD • Leverage positions rapidly shrinking