The US SEC is unlikely to approve a spot Ethereum ETF before 2025.

How is the airdrop designed? When will the transfer be activated? How do you view the valuation?

Key time node, May 23rd.

BTC spot ETF has seen net outflows for three consecutive weeks, and the market has fluctuated and fallen. The ETH/BTC exchange rate has rebounded to above 0.051, driving the Layer2 and Restaking sectors up. The US Federal Reserve will hold a monetary policy meeting and release a non-farm payroll report in early May, and the results of the meeting will have a significant impact on the market.

Last Friday, the US Treasury yields took a breather, and the core PCE data basically met the high expectations of analysts (overall and core increased by 0.3% month-on-month, and increased by 2.7%/2.8% year-on-year). There was no significant buying interest in major ETF products. After an outflow of $218 million on Thursday, another $84 million flowed out on Friday.

The SEC's move to reclassify Ethereum as a security simply does not stand up to scrutiny.

The wind of the re-staking track has already blown, and it has become Ethereum’s new expected DeFi Summer. In the short term, Fud may find it difficult to stop this wind from continuing to strengthen.

News that ETH has been designated as a security could lead to widespread unemployment among American workers.

Currently, there are only three major asset classes in the true sense: BTC, ETH, and Stablecoins.

TxFusion introduces a new wallet method called wallet_sendCalls.

Hong Kong Exchanges and Clearing Limited: Includes Bose HashKey, Huaxia, Harvest Bitcoin and Ethereum ETFs as eligible securities for multiple counters of the central clearing system.

In the past week's market, the prices of Bitcoin and Ethereum both fell and rebounded at the beginning of the week. The historical volatility was the largest when it fell from the high of 4.24, the trading volume was large when it fell from 4.19, and the open interest increased slightly. The implied volatility of BTC and ETH both fell sharply. In addition, the funding rate remained at a low level, indicating that the contract trading sentiment continued to be sluggish. The overall market is still in a weak stage in terms of market breadth indicators. In terms of events, we need to wait for the Federal Reserve's interest rate meeting on May 2. After the Bitcoin halving, various indicators show that investors are temporarily waiting to see the market.

Focus on on-chain data and review daily news.

The correlation between BTC and U.S. stocks has strengthened recently, with the price of the currency dropping below 63,000 at the opening of the U.S. market, attracting a large number of buy orders at 59,000-P and 60,000-P for BTC in the next week.

The US GDP grew by only 1.6% in the first quarter, much lower than 3.4% in the fourth quarter, with personal consumption growth falling from 3.3% to 2.5% and commodity spending falling from 3.0% to -0.4%. In terms of cryptocurrencies, investors' attention is still distracted by the memecoin/BTC rune, which has performed strongly this year.

Data shows that the top five holders on the personal on-chain crypto asset holdings list currently own a total of US$3.631 billion in digital assets.