- CEX Hot Coins
CEX Trading Volume Top 10 and 24-Hour Price Change:
BTC: +0.56%
ETH: -1.87%
XRP: -2.56%
SOL: +1.49%
PEPE: +0.47%
DOGE: -0.72%
BNB: -0.66%
SUI: +5.29%
ADA: +1.65%
TRX: -0.22%
24H Price Increase Ranking (Data Source: OKX):
AERGO: +55.35%
RUNECOIN: +25.6%
DORA: +25.09%
GMX: +18.61%
NAVX: +13.33%
CVC: +9.68%
KAITO: +9.15%
SATS: +8.78%
BADGER: +8.76%
PRQ: +8.59%
- 24H Hot Search Coins
RFC: See "RFC, the Political Concept Coin of Musk, Surges 200% Against the Trend; Will It Be the Next Big Dog?".
Headlines
Odaily Planet Daily reports that OKX market data shows BTC has dropped below 75,000 USDT, reaching a low of 74,501.6 USDT.
Trump States He Will Not Suspend Tariff Policy
Odaily Planet Daily reports that U.S. President Trump stated on the 7th that he will not suspend the so-called "reciprocal tariff" policy. After meeting with visiting Israeli Prime Minister Netanyahu at the White House, Trump told the media that he currently has no plans to suspend the tariff policy, as many leaders of economies are seeking to negotiate with him. He believes that enforcing tariff policies and negotiating are not contradictory. Trump also mentioned that he rejected the EU's earlier proposal for mutual tariff exemptions with the U.S., saying, "No, that's completely insufficient," and "They are deceiving us on trade issues." Netanyahu stated to the media after the meeting that Israel would work to eliminate the trade deficit with the U.S. as soon as possible. According to U.S. government data, the bilateral trade volume between the U.S. and Israel is about 37 billion dollars in 2024, with a trade surplus for Israel of 7.4 billion dollars. (Jin Shi)
Odaily Planet Daily reports that Trump's rapid response team has responded to market rumors about a "90-day tariff suspension": U.S. National Economic Council Chairman Hassett stated that he did not say anything related to this news, and that the rumors are "fake news." (Jin Shi)
Odaily Planet Daily reports that U.S. National Economic Council Director Hassett, in an interview with Fox News, was asked by host Jimmy D about whether Trump would consider suspending tariffs for 90 days. Hassett said "Yep" before answering, then stated, "I think the president will make his decision… even if you think there will be some negative impacts on trade, that only accounts for a small part of GDP." Financial blog Zero Hedge explained that the market seems to have misunderstood "Yep" as an agreement, but he only meant to indicate that he heard the question clearly. (Jin Shi)
Arthur Hayes: I Have Been Accumulating Bitcoin Today and Will Continue to Buy
Odaily Planet Daily reports that BitMEX co-founder Arthur Hayes stated, "I have been slowly buying BTC today and will continue to buy. Altcoins are approaching our entry range, but I believe Bitcoin's dominance will remain close to 70%. So we will not be making large purchases in the altcoin supermarket."
Odaily Planet Daily reports that according to Hyperrscan data, a whale on Hyperliquid with 50x leverage has closed its ETH long position and withdrawn 6,395,256.49 USDC to Arbitrum, making a profit of 1.87 million dollars (initial amount 4.52 million dollars).
Industry News
Odaily Planet Daily reports that due to concerns about a global economic recession triggered by the U.S. government's tariff policy, traders have raised their expectations for the Federal Reserve to cut rates this year, with some even believing that the Fed may cut rates before the next meeting.
The overnight interest rate swap market shows that the market expects the Fed to cut rates by 125 basis points by the end of this year, equivalent to five cuts of 25 basis points each. Although this expectation has since eased, the increase is quite significant. Compared to last week, the market had only fully digested three rate cut expectations. Swap contracts also indicate that the likelihood of the Fed cutting rates by 25 basis points next week is about 40%, which is much earlier than the Fed's next scheduled policy meeting on May 7.
Emergency rate cuts are very rare; the last emergency rate cut by the Fed was in early 2020 when the COVID-19 pandemic disrupted the market. Last August, when U.S. stocks fell sharply due to the unwinding of yen carry trades, traders briefly expected the Fed to cut rates between meetings, but policymakers did not take action. (Jin Shi)
Strategy Reports Unrealized Losses of $5.91 Billion in Digital Assets for Q1 This Year
Odaily Planet Daily reports that according to market news, Strategy (formerly MicroStrategy) reported unrealized losses of $5.91 billion in digital assets for Q1 2025, with outstanding debt of $8.22 billion as of March 31. The company purchased 80,715 bitcoins in the first quarter, valued at $7.66 billion, averaging $94,922 per bitcoin.
ZKasino Rug Address Closes 20x Leverage ETH Long Position, Losing $27.1 Million
Odaily Planet Daily reports that according to Onchain Lens monitoring, the ZkCasino Rug address has closed its 20x leveraged ETH position on Hyperliquid, with total losses reaching $27.1 million, previously scamming over $40 million.
Pakistan Appoints CZ as Cryptocurrency Strategic Advisor
Odaily Planet Daily reports that Pakistan has appointed Binance co-founder CZ as a cryptocurrency strategic advisor. It is reported that CZ will join Pakistan's cryptocurrency committee, which is a regulatory body within the Pakistani government responsible for overseeing blockchain and cryptocurrency projects, helping to guide work on cryptocurrency infrastructure, education, adoption, and other aspects. (The Block)
Project News
WLFI Plans to Airdrop USD 1 to All WLFI Holders to Test Airdrop Functionality
Odaily Planet Daily reports that World Liberty Financial has released a governance proposal to airdrop a small amount of USD 1 to all current $WLFI holders to test the technical functionality of its on-chain airdrop system while thanking early supporters.
The proposal states that the airdrop will be conducted on the Ethereum mainnet, with the specific amount to be determined by World Liberty Financial based on the total number of eligible wallets and budget. The funds will be borne by the company. Eligible wallets must hold any amount of $WLFI, and other eligibility criteria and airdrop timing will be determined solely by the company.
World Liberty Financial stated that even if the proposal is approved, the company reserves the right to suspend, modify, or terminate the test airdrop and may set other eligibility conditions. This move aims to verify the functionality of smart contracts, enhance market awareness of USD 1, and express gratitude to early supporters.
Tether May Launch a New Stablecoin Specifically for the U.S. Market
Odaily Planet Daily reports that according to the Financial Times, stablecoin issuer Tether may launch a new token specifically for the U.S. market. Tether CEO Paolo Ardoino stated in an interview that the company has been involved in discussions regarding U.S. stablecoin regulations and may create a token solely for the U.S., depending on the progress of these discussions.
Paolo Ardoino mentioned that the Trump administration views stablecoins as "an important tool for the U.S." and that if new rules are introduced to make U.S. stablecoins competitive, Tether may be interested in creating a "domestic" stablecoin, which would essentially be a "settlement currency." (CoinDesk)
Mantra Launches an Ecosystem Fund of $108 Million to Support RWA and DeFi Startups
Odaily Planet Daily reports that Mantra has announced the launch of an ecosystem fund totaling $108,888,888, aimed at supporting startups focused on the tokenization of real-world assets (RWA) and decentralized finance (DeFi). Mantra stated that over the next four years, it will invest in "high-potential blockchain projects" globally and seek investment opportunities through Mantra's partner network. The fund's supporters include numerous institutional partners, such as Laser Digital, Shorooq, Brevan Howard Digital, Valor Capital, Three Point Capital, and Amber Group. (Cointelegraph)
Regulatory Policies
European Commission Proposes 25% Retaliatory Tariffs on a Range of U.S. Imports
Odaily Planet Daily reports that the European Commission has proposed a 25% retaliatory tariff on a range of U.S. imports, set to take effect from May 16. The European Commission has removed U.S. bourbon whiskey from its list of goods subject to the proposed retaliatory tariffs. The document also indicates that the European Commission plans to implement retaliatory tariffs on certain U.S. imports, which are scheduled to take effect on December 1. (Jin Shi)
Odaily Planet Daily reports that the Executive Director of the Investment Products Division of the Hong Kong Securities and Futures Commission, Cai Fengyi, stated today at the Hong Kong Web 3 Carnival that the SFC will release a circular today allowing licensed virtual asset trading platforms to offer staking services, including staking for virtual asset spot ETFs. Staking allows investors to lock their virtual assets to support blockchain networks and earn returns, but due to associated risks, the SFC will implement additional safeguards, including requiring licensed platforms to custody the staked virtual assets and setting limits on the proportion of stakable virtual asset spot ETFs to manage liquidity risks.
Cai Fengyi also mentioned that the SFC is expanding the range of eligible virtual asset targets. Initially, virtual asset spot ETFs primarily focused on Bitcoin and Ethereum, but now more virtual assets meet the criteria for retail trading on licensed platforms, paving the way for diversification of ETF products, such as a single ETF tracking a basket of virtual assets.
Investment and Financing
Multicoin and Electric Both See Over 50% Growth in Assets Under Management in 2024
Odaily Planet Daily reports that new filings required by the U.S. Securities and Exchange Commission (SEC) show the assets under management (AUM) of various companies. From 2023 to 2024, based on financial disclosures from six of the largest crypto venture capital firms: Electric Capital, Pantera Capital, Haun Ventures, Multicoin Capital, Polychain Capital, and Paradigm, their AUM all grew by over 10%, with Electric and Multicoin both exceeding 50% growth. (Fortune)
Odaily Planet Daily reports that real estate lending market operator Janover has announced it will adopt a digital asset reserve strategy, primarily holding SOL tokens. A group of crypto industry leaders has already acquired 728,623 shares of common stock and 10,000 shares of Series A preferred stock. The company intends to change its name to DeFi Development Corporation and modify its stock code.
Janover's new Chairman and CEO Joseph Onorati stated that the team behind the company plans to start purchasing SOL immediately, but did not specify a timeline or method for the purchases. Additionally, the company has raised $42 million through the issuance of convertible notes and warrants for acquiring SOL, with investors including Pantera Capital, Kraken, Arrington Capital, and others. (CNBC)
Odaily Planet Daily reports that stablecoin protocol Cap has announced the completion of an $11 million seed round financing, co-led by Franklin Templeton and Triton Capital, with participation from Flow Traders, Laser Digital (a subsidiary of Nomura), GSR, and IMC Trading. Additionally, industry leaders such as Curve founder Michael Egorov and LayerZero founder Bryan Pellegrino also participated in this round of financing.
Cap plans to use the funds to accelerate the development of its stablecoin yield engine, which is set to launch in Q2 2025. The team stated that Cap utilizes the EigenLayer shared security mechanism, which can enhance the sustainability of stablecoin yields and provide safer yield strategies for DeFi users.
Cap was co-founded by Benjamin.lens (former co-founder of QiDAO), Weso (former CTO of Beefy), and DeFi Dave. Previously, Cap had received a $3 million investment from institutional and individual investors, including SCB (a subsidiary of Susquehanna), Synthetix founder Kain Warwick, and Balancer founder Fernando Martinelli.
Sats Terminal Completes $1.7 Million Pre-Seed Round Financing, Led by Coinbase Ventures
Odaily Planet Daily reports that the Bitcoin decentralized aggregation protocol Sats Terminal has completed $1.7 million in Pre-Seed round financing, led by Coinbase Ventures and Draper Associates, with participation from Draper Dragon, BitcoinFi Accelerator, UTXO Management, Core Chain Ventures, Sats Ventures, Delta Blockchain Fund, Tenzor Capital, and 3Commas Capital. Sats Terminal was founded by Stanislav Havryliuk and Rishabh Java, with the aim of making Bitcoin-native DeFi products more intuitive and interconnected. (The Block)
Voices
U.S. Presidential Advisor: As Long as You Don't Sell, You Won't Lose Money
Odaily Planet Daily reports that White House Chief Strategist and Senior Advisor to the President Peter Navarro stated in an interview with FOX NEWS: "As long as you don't sell (stocks), you won't lose money. The smartest strategy now is not to panic and hold on. Under Trump's policies, the stock market will experience the biggest boom we've ever seen."
He Yi: Binance Aims Not Just to Be a Trading Platform, but Also to Play an Infrastructure Role
Odaily Planet Daily reports that Binance co-founder He Yi stated at the Hong Kong Web3 Carnival that Binance aims not just to be a trading platform; we also hope to play an infrastructure role, similar to Amazon or Alibaba Cloud, to help more entrepreneurs. Users do not need to be educated; the most important thing is how to create products that users need.
Jack Dorsey: Bitcoin Will Fail If It Only Becomes a Store of Value
Odaily Planet Daily reports that Twitter co-founder and current Block CEO Jack Dorsey stated in the "Presidio Bitcoin" podcast that if Bitcoin only becomes a store of value, it will fail because Bitcoin's success stems from payments. However, due to its limited supply, Bitcoin has the potential to become a store of value equivalent to gold. This view has led many people to be reluctant to spend their Bitcoin, as they hope the asset's value will continue to grow. But Jack Dorsey pointed out that if Bitcoin does not transition to payments and find everyday use cases, it will ultimately deviate from the original intent of the white paper and lead to failure.
Odaily Planet Daily reports that Vance Spencer, co-founder of Framework Ventures, stated on the X platform that the current situation is complex, international trade has completely collapsed, the real economy is on the brink, and a massive wave of unemployment is imminent. Subsequently, the government will have to launch large-scale stimulus plans to save the inevitable economic recession.
In this market environment, investment categories that are not affected by tariffs and areas that Trump has publicly favored should be prioritized. Aside from cryptocurrencies, perhaps only special commodities with rigid demand, such as gold and uranium, meet the criteria. Within the cryptocurrency market, it is essential to focus on assets with solid fundamentals, those implementing buybacks, and those experiencing growth in adoption, as well as small-cap coins that may capture market share. Stablecoins, DeFi, and emerging public chains are most likely to develop independently. The entire crypto industry will enter a war of attrition alongside the private equity market—teams will gradually collapse, funds will be exhausted or marginalized, and fundraising for venture capital will become increasingly difficult, leading to a gradual shrinkage of capital supply. This may not be a bad thing, as the industry needs to eliminate half of the VC funds and junk projects.
Spencer added that he has never been so optimistic about the crypto market in years. The triple resonance of price trends, adoption rates, and fundamentals indicates that many assets in the crypto ecosystem will see a 10-20 times increase. Framework will increase its holdings of high-liquidity quality assets while also investing in early-stage venture capital. The kind of market where "you could make 2-3 times just by closing your eyes and investing" after the FTX collapse will not reoccur; careful selection is the key.
DWF Labs Partner: Gradually Buying the Dips, Market Clarity Expected in One to Two Weeks
Odaily Planet Daily reports that DWF Labs partner Andrei Grachev stated on X that if countries provide the U.S. with zero-tariff agreements, the Federal Reserve may choose to cut interest rates, leading to a rise in stocks and cryptocurrencies. If the Fed enters "money printing mode," Bitcoin may reach new historical highs, and these developments will become clear in one to two weeks. Andrei Grachev added, "Do you have cash? Now is a good time; we are gradually buying in."
Odaily Planet Daily reports that trader Eugene Ng Ah Sio stated on his personal channel, "Today, at $75,000 for Bitcoin, I bought my first batch of spot BTC, which is the first time since we liquidated all major positions in January. I’m not saying this is the bottom, but I believe we are approaching a price level that makes me willing to accumulate Bitcoin long-term. Anyway, we are close to the first target price. There are many pessimistic posts today, which is understandable—many people are panicking and suffering greatly. However, despite what you see online, in most cases, even if we eventually go down, the market won't keep falling indefinitely. I believe we have witnessed an extreme event (especially after the 5% drop in pre-market futures today) that is worth taking action on. If the market continues to decline, I will look for short-term rebounds in BTC and SOL for short-term trading while continuing to accumulate more Bitcoin at lower points, preparing to hold long-term."
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