BNB, ETH, BTC

The BSC ecosystem remains strong. He Yi began to promote the ecological Meme project. Influenced by his comments and attention, the Meme coins BUBB and TAT on the Binance chain have become popular recently.

The Binance Smart Chain (BSC) ecosystem continues to flourish with the initiative of He Yi, partner at Binance, to promote the ecosystem's meme project. This initiative has sparked interest in meme coins on the Binance chain, particularly BUBB and TAT, which are already showing signs of popularity.

Meanwhile, the Solana ecosystem is also heating up with internal competition. Pump.fun has launched its native decentralized exchange, PumpSwap, while Raydium is developing a meme coin issuance platform called LaunchLab.

In other news, the U.S. Securities and Exchange Commission (SEC) has made an important decision, determining that Proof-of-Work (PoW) mining activities do not constitute the issuance of securities.

At the same time, NYSE Arca has submitted an application to the SEC for changes to the Bitwise Ethereum ETF pledge rules. Robert Mitchnick, head of digital assets at BlackRock, said that the Ethereum ETF has performed mediocre since its launch in July last year, mainly due to the problem of not being able to obtain pledge income. In addition, Ripple CEO expects to launch the XRP ETF by the end of 2025, while Bitnomial announced the launch of the first XRP futures product in the United States regulated by the CFTC.

QCP Capital analysis pointed out that the Fed's decision to reduce the quantitative tightening (QT) program from April provided an important upward catalyst for the market, which was one of the important factors that pushed the price of Bitcoin above $85,000. However, considering the Fed's expected three interest rate cuts in 2025 and the current differentiation of market sentiment, traders need to pay special attention to the performance of price support levels and do a good job of risk management.

At the same time, retail investor sentiment remains cautious. The latest survey of the American Association of Retail Investors (AAII) shows that bullish sentiment is only 21.6%, which is far below the historical average of 37.5%, while the bearish ratio is as high as 58.1%, which has remained above 57% for the fourth week.

Here are some key data and market observations:

* Bitcoin: $84,384.27 (-9.82% year-to-date), daily spot volume $24.648 billion

* Ethereum: $1,972.88 (-40.89% year-to-date), with a daily spot volume of $13.189 billion

* Fear and corruption index: 31 (fear)

* Average GAS: BTC 2 sat/vB, ETH 0.44 Gwei

* Market share: BTC 60.6%, ETH 8.6%

* Upbit 24-hour trading volume ranking: XRP, AUCTION, BTC, VANA, LAYER

* 24-hour BTC long-short ratio: 0.9818

* Sector gains and losses: SocialFi sector rose 3.25%, RWA sector rose 2.48%

* 24-hour liquidation data: A total of 83,084 people were liquidated worldwide, with a total liquidation amount of US$191 million, including BTC liquidation of US$64.04 million and ETH liquidation of US$33.12 million

* Bitcoin ETF: $166 million

* Ethereum ETF: -$12,409,300