守护全世界最牛逼的方源

#XRPETF ETF is an exchange-traded fund with XRP as the underlying asset. Below is a detailed introduction to it:
Definition and Operation Principle
• XRP ETF is a financial product that holds XRP as its underlying asset and issues fund shares. After investors purchase shares, they can trade these shares on the secondary market like stocks, thereby indirectly gaining exposure to XRP price fluctuations without the need to directly purchase, store, or manage XRP.
• Its price is primarily determined by the value of XRP but is also influenced by other factors such as the fund's net asset value (NAV), which is calculated by dividing the total value of the XRP held by the fund by the number of ETF shares outstanding, providing a benchmark for the ETF's market price.

#XRPETF ETF is an exchange-traded fund (ETF) with XRP as the underlying asset. Here is a detailed introduction to it:
Definition and Operating Principle
• XRP ETF is a financial product that holds XRP as the underlying asset and issues fund shares. After investors purchase shares, they can trade these shares on the secondary market like stocks, thereby gaining indirect exposure to XRP price fluctuations without the need to directly buy, store, or manage XRP.
• Its price is primarily determined by the value of XRP, but is also influenced by factors such as the fund's net asset value (NAV), which is calculated by dividing the total value of the XRP held by the fund by the number of ETF shares outstanding, providing a benchmark for the ETF's market price.

On October 17, 2023, Trump suddenly halted the planned new tariffs on Chinese goods, catching the market off guard with this unexpected move. While speaking to the media at Mar-a-Lago, he held a document printed with a Bitcoin price chart: "Now is not the time for tax increases; we should focus our energy on the depreciation of the dollar." Wall Street immediately understood the implication—Bitcoin surged by 7%, gold hit a historic high, and the dollar index fell below 104.
However, a closer look at this "tariff exemption" list reveals the secret: the main beneficiaries are American companies like Apple and Tesla, while new energy vehicles and semiconductors remain locked in the sanctions list. More cleverly, the Trump team simultaneously hinted at plans to "reduce capital gains tax," a clear strategic move to win over cryptocurrency voters ahead of the election.

Next week, $ETH will welcome the PCE inflation data and other critical macro indicators, which may serve as a catalyst to break the current deadlock.
If the data strengthens interest rate cut expectations, it may stimulate a rebound in risk assets; if it shows an overheated economy, the narrative of maintaining high interest rates for a longer period will suppress the market.
Currently, BTC is fluctuating in the 94,000-95,000 range, with resistance forming at 96,400/97,500 above, and support existing at 93,100-94,300 below. Mainstream altcoins like ETH and SOL are also entering a wait-and-see state along with the market.
Survival strategies for ordinary investors
Abandon the 'carving the boat to seek the sword' mindset: The model of becoming rich by holding altcoins in 2021 is extremely dangerous in the current environment, as the high interest rate environment will continue to drain market liquidity.

$TRUMP
Trump Token (TRUMP) is a meme coin based on Solana, capitalizing on the hype of Donald Trump's 2024 campaign. Here’s what you need to know:
Key Details
Launch Date: May 2024 (released alongside Trump’s pro-crypto statement)
Market Cap: Peaks over $300 million (highly volatile)
Tokenomics: No utility - purely speculative asset
Why It Soared
Trump's Crypto Shift: Accepting Bitcoin mining and attacking CBDCs

#比特币市值排名 1. The Complex Emotions of Ecstasy and Unease

"Digital Gold" Finally Gains Mainstream Recognition
Watching Bitcoin's price break through $94,000 and its market capitalization surpassing tech giants like Google and Meta, I feel both excited and dazed. Once ridiculed as a "scam," cryptocurrency is now ranked alongside gold and oil as a core global asset. This cognitive shift is reminiscent of Bitcoin's journey from being labeled as "dark web currency" to becoming a "safe haven asset."

The "Survivor Bias" of Wealth Effect
The social media is filled with "get rich quick myths" (like early holders becoming billionaires), leading to a sense of "fear of missing out." However, looking back at the on-chain data: 76% of long-term Bitcoin holders have not sold, which means that ordinary retail investors who did not enter at the lows in 2024 can only buy at high prices now.

The dinner with #TRUMP晚宴 and the Buffett lunch gives a sense of familiarity, and even more familiar is the figure of a man who is always around - that's right, it's Brother Sun!
Back in the day, Brother Sun bid for the Buffett lunch, first officially announcing "the meal appointment is confirmed", then pulling a stunt with a sudden "kidney stone attack", turning a meal into a three-fold pump, making him a genius PR in the crypto world.
Now it's here, the Trump dinner is coming, and Brother Sun is directly serving as a crypto advisor this time. I dare to predict the three-part plot:
1⃣
Officially announce the dinner, big players wanting to have dinner with Trump go on a buying spree, $Trump pumps;
2⃣
As the dinner approaches, Trump suddenly has "appendicitis", the dinner is canceled, and the market crashes;
3⃣
The final twist, Trump appears for photos and gifts commemorative NFTs, $TRUMP peaks once again.

#加密市场反弹 The financial market has recently staged an impressive counterattack: the US stock market not only erased previous losses but also surged strongly, with the Fear and Greed Index (FGI) rising to 72, indicating a significant recovery in market sentiment. Meanwhile, Bitcoin broke through $94,000, continuing its strong upward trend. Surprisingly, this surge has no obvious new positive factors supporting it; monetary policy remains unchanged, and the debate between Trump and Powell is gradually being forgotten by the market. What has ignited this round of market movement? What opportunities and risks lie ahead? Let's analyze in depth.

$ETH Four-Hour Level: MACD Golden Cross, RSI at a neutral 55, price breaks through the key support level of $1720, showing further upward momentum, possibly testing the resistance level of $1820.
• Daily Level: Continuous bullish candles, short-term trend is strong, but attention is needed as 4000 ETH have been transferred out of exchange wallets in the last 24 hours, which may have a potential impact on price.
Fundamentals
• Staking Liquidity: Ethereum staking rate has dropped to 27%, Lido market share is 28.04%, net outflow of staked ETH has slowed after the Shanghai upgrade, and market concerns about selling pressure have diminished.
• Layer 2 Progress: Arbitrum and Optimism TVL have rebounded to $25 billion, Uniswap V4 trading volume has increased, enhancing the demand for ETH as a settlement layer.
• DeFi Activity: Curve Finance TVL has surpassed $5 billion, the proportion of stablecoin trading has increased, and ecosystem activity has shown signs of recovery.
Overall, Ethereum has a certain upward trend from a technical perspective, the fundamentals show good ecosystem recovery, alleviation of staking selling pressure, and the development of Layer 2 and DeFi also brings positive effects. However, the outflow of funds needs to be monitored, as continued large outflows could exert downward pressure on the price.

#Strategy增持比特币 最近美股持续跌，黄金涨，比特币也涨。
Strategy上周增持了6500+的比特币，均价84785刀，恐怕很多再重新入手比特币的人都都再难买到这个价，那些盼望着继续大跌的人可能又要追高买入了，别看现在88000+，有些人就是非得等到90000+才迫不及待地买，跌了不买。涨了追着买。
如同大多数人买黄金，黄金不温不火时没人想到要买，现在看到黄金速涨，马上上赶着要买入，再不买价格越高越来不及的心态。
事实上很多人没意识到，比特币是可长期持有的资产，10万跌下来随时能买入，如黄金一般升值潜力巨大，短期能做个波段，别看如今的价格，长期其实也就顶多等个三四年$BTC 能翻几倍。
BTC
88,726.13
+1.59%

#Metaplanet增持比特币 Metaplanet在动荡市场中展现战略定力，坚定推进比特币资产配置，计划2024年末持币量达1万枚。当前持有4,855枚比特币，位列全球上市公司第十、亚洲首位。其财务策略成效显著：每股比特币持有量年内激增119.3%，超原定目标3倍，通过可转债等工具实现270亿日元附加收益（折合2,174枚BTC）。股东基数半年内由不足1万扩至6.5万，机构关注度持续攀升。该路径以优化企业价值为核心，为传统企业探索数字资产配置提供实践范本。

$TRX 潜力正随全球金融市场对区块链资产的接纳度提升而显现。其底层网络的高效处理能力与稳定币基础设施，为ETF产品提供了流动性基础。当前与德国证券交易所等机构的合规化探索，可能加速其融入主流金融体系，吸引更多机构资金注入。
相较于传统ETF，波场链上资产的透明性与即时结算特性，更契合新兴资产配置需求。随着全球被动投资趋势深化，这类产品有望成为多元化配置的新选择。
监管政策差异可能延缓落地进程，而以太坊等公链的同类布局已提速，竞争压力凸显。投资者需警惕流动性不足与溢价波动风险，避免盲目跟风炒作。长期策略可关注合规进展与生态创新，若主权数字货币合作突破，或将重塑市场预期。

#波场ETF 波场（TRON）现货ETF于2025年4月19日正式向美国证券交易委员会（SEC）递交申请，成为加密行业迈向主流金融市场的里程碑。此次申请标志着波场生态在全球资本市场布局的重要进展，旨在通过合规化途径提升市场流动性和知名度。若获批，波场ETF将吸引更多传统金融机构和投资者进入其生态，增强TRX的全球认可度。波场创始人孙宇晨强调，此举是波场融入全球金融体系的历史性一步。市场分析认为，ETF的推出可能推动波场生态的多元化发展，为去中心化金融（DeFi）和区块链应用提供更广阔舞台。然而，SEC审批的不确定性及加密市场波动性仍需关注。投资者需谨慎评估潜在风险与机遇

#加密市场季度观察 Everyone pay attention to a few points:
1. Do not touch the old low market cap altcoins, which can be delisted at any time;
2. Do not touch altcoins with unlimited issuance. Some old mainstream coins, like DOT and FIL, have undergone issuance this round, and this time can still be played, but next time it won't be playable. As for smaller altcoins, there's no need to consider them.
3. Be steady, buy value altcoins that have normal income and have been heavily sold off, such as LINK, AAVE, and stablecoin sectors like ENA, CRV, which are also key this year. Alternatively, consider some undervalued new coins that still have capital; once the trend comes, they will rebound the fastest.
Currently, whether on-chain or off-chain, trading volume has significantly decreased, retail investors lack confidence, and large institutions are also worried. However, this also creates opportunities, so just wait.

#Solana激增 Solana不靠memecoin，也能收割全场？
Solana上的memecoin热度断崖式下跌，交易活动缩水超80%，但你以为它要凉？错了。最新数据显示，尽管交易量滑坡，Solana仍吃下了整个链上收入的70%份额，堪称“链上印钞机”。3月，Solana dApps贡献了全网链上收入的46%，哪怕收入相比年初腰斩90%，依旧打爆其他链。背后的逻辑很简单： 不是靠情绪炒作，而是靠真应用撑起了收入天花板。memecoin退潮，Solana能否靠真正的用户需求撑起未来？下一个爆点应用，正在路上。

$SOL Solana（$SOL ）近期價格從1月高點295美元跌至111.2美元，跌幅逾60%，現回升至約125美元，七日內漲17.5%。 總鎖倉價值（TVL）激增12%至70.8億美元，超越Tron與Base，顯示DeFi用戶回流。 機構興趣升溫，Janover增持SOL至2120萬美元，並計劃運行驗證節點。 迷因幣如Popcat與Bonk分別大漲50%與13%，帶動生態熱度。 然而，技術面顯示$SOL 需守住130美元的50日均線，並突破160-180美元阻力區間，方能延續漲勢。 網路穩定性與安全疑慮仍存，Bybit空投失誤更凸顯挑戰。 $SOL 在市場波動中展現韌性，後市表現備受矚目

#国会议员交易限制 The insider trading and manipulation in the cryptocurrency market is now too serious, severely harming the interests of ordinary retail investors, who have been 🈹 taken advantage of!
Members of Congress from both parties in the United States are promoting the "Ban on Congressional Stock Trading Act," which requires members of Congress and their spouses and children not to buy or sell individual stocks during their terms, aimed at curbing insider trading and maintaining public trust in the legislative body.
This is a good thing.
This move responds to long-standing criticism of lawmakers using their positions for improper gain, reflecting the public's strong demand for political transparency and fairness. Prohibiting individual stock trading will force lawmakers to turn to more transparent investment methods, such as mutual funds or ETFs, thereby reducing the risk of conflicts of interest.
However, the advancement of the bill faces resistance, as some lawmakers may oppose restrictions on their personal financial freedom, and the implementation details and regulatory strength still need to be clarified.
If the bill passes, it will significantly enhance the ethical standards of Congress and may have a demonstration effect on the political and financial regulations of other countries.
Nevertheless, completely eradicating insider trading still requires broader regulation and cultural change.
The discussion of this bill highlights the balance between power and responsibility in a democratic system, which deserves continued attention.

The current price of $BTC is above MA7 and MA20, with short-term moving averages showing a bullish alignment, indicating that the market is in an upward channel in the short term. The MACD histogram is positive, and DIFF has crossed above DEA, further confirming strong short-term upward momentum. The intraday high of 85835 is a key short-term resistance; if broken, it may open further upward space. MA7 and MA20 provide dual support, and if there is a pullback, attention should be paid to this area. In the KDJ indicator, the J value has entered the overbought zone, and caution is needed for the possibility of a technical pullback after a surge in the afternoon. The afternoon trend is biased towards high-level fluctuations, with resistance above and support below; flexible operations should be combined with changes in volume. Under overbought signals, it is not advisable to be overly aggressive; it is recommended to focus on buying low and selling high.

#比特币与美国关税政策 Trump's Crypto Gamble: The Financial Dark War Behind Tariff-Bought Coins!
The White House played this hand beautifully, using collected tariff money to buy the dip in Bitcoin?
If this news is true, the crypto market is likely to stage a wild roller coaster.
Trump's move is clearly aimed at putting Bitcoin in the yellow jacket of "national reserves," standing shoulder to shoulder with gold.
This is much more than El Salvador's approach to legal tender; it directly overturns and redefines global financial rules.
Supporters applaud: the credit of the dollar is shaky, and Bitcoin's hard cap of 21 million coins stands there, isn't this a natural safe-haven tool?
But the opposition is hopping mad: using taxpayers' money to gamble on such volatile digital assets, what’s the difference from a casino's all-in? Not to mention the regulatory red lines and political games that are still lurking.
Regardless of whether this plan can ultimately be realized, Bitcoin has definitely turned the tide this time.
From being labeled as a "dark web money laundering tool" to now being discussed on the White House stage, this identity transformation is faster than a Sichuan opera face change.
If it really works out, central banks around the world might have to hold emergency meetings to figure out how to follow suit and stockpile coins; even if it flops, it’s enough to give the crypto market a shot of adrenaline. This game is much more exciting than trading coins in front of our screens.

#比特币与美国关税政策 Trump's Crypto Gamble: The Financial Dark War Behind Tariffs and Buying Coins!
The White House played this hand beautifully, using collected tariff money to buy the dip in Bitcoin?
If this news is true, the crypto market is likely to experience a wild roller coaster.
Trump's move is clearly aimed at giving Bitcoin the status of a "national reserve," standing shoulder to shoulder with gold.
This is far more impactful than El Salvador's approach to making it legal tender; it directly overturns and redefines global financial rules.
Supporters cheer: the credibility of the dollar is shaky, and Bitcoin's hard cap of 21 million coins is there; isn't this a natural hedge against risks?
But the opposition is anxious: using taxpayers' money to gamble on this volatile digital asset is no different from a casino bet. Not to mention that regulatory red lines and political games are still lurking in the background.
Regardless of whether this plan can ultimately be realized, Bitcoin has definitely made a comeback this time.
From being a "dark web money laundering tool" to now being discussed openly by the White House, this identity transformation is quicker than a Sichuan opera face change.
If it really happens, central banks around the world will probably have to hold overnight meetings to figure out how to follow suit and stock up on coins; even if it fails, it will be enough to give the crypto market a shot of adrenaline. This game is much more thrilling than trading coins in front of our screens.