Today’s preview
1.FOMC Permanent Voter NY Fed President John Williams to deliver a keynote speech at the 2025 Reykjavik Economic Conference.
2.
Token
Launch Platform Antifun launches today; the project has caught the attention of
Solana co-founder Toly.
3.$MOVE
Token
Unlock: 50 million tokens worth approx. $8.7M to be unlocked, 2.0% of circulating supply.
4.TON to Decommission Toncoin Bridge: Users will no longer be able to bridge Toncoin to
Ethereum or BNB Chain; previously bridged assets remain claimable.
Key market highlights
1.Bitcoin Breaks $100K as Trade Tensions Ease: Following Trump's announcement of a trade deal with the UK, optimism around reduced global trade tensions pushed
Bitcoin past the $100,000 mark for the first time since February. BTC rose 3.4% on Thursday, with Ethereum surging 12%. On Trump’s inauguration day, BTC hit a record $109,000. The deal will accelerate customs clearance for US goods and reduce barriers in sectors such as agriculture, chemicals, energy, and industry.
2.Missouri House Passes Bill to Eliminate Capital Gains Tax on Stocks, Crypto, and Real Estate: The first US state to introduce such policy. The bill, backed by Republican Governor Mike Kehoe, would exempt individuals starting in 2025, with gradual implementation for businesses.
3.Texas House Committee Approves SB 21 to Establish State Bitcoin Reserve: Passed 9-4; earlier passed Senate with a 25-5 vote. The reserve must invest only in digital assets with over $500B market cap over the past 12 months—currently only Bitcoin qualifies.
4.Ethereum Soars Past $2,200: 24-hour gain over 20%, outperforming most altcoins. Daily candle closed with a 21.8% gain, a move not seen since January 3, 2021.
5.Ripple Reaches Settlement with SEC: Court restrictions from the August 2024 ruling to be lifted. Ripple will pay $50M of the $125M fine; the remaining $75M will be returned to Ripple. Both parties agree not to appeal or request reversal of the prior judgment. The deal aligns with the SEC’s withdrawal from many crypto cases post-Gary Gensler’s term, with pro-crypto Paul Atkins appointed as the new SEC Chair. XRP surged 9% on the news.
6.SEC Considering Allowing DLT-based Securities Issuance, Trading, and Settlement: Commissioner Hester Peirce revealed a potential exemption order enabling the use of distributed ledger technology (DLT) for securities and tokenized assets.
Market Overview
Bitcoin Hits $104K, Ethereum up 20% daily; altcoins rally with TOTAL3 market cap up 7.56%.
Markets Surge: Trade deal announcement and Trump’s call to "buy" push U.S. stocks higher; Bitcoin breaks $100K; U.S. bonds plunge; oil rebounds 3%; gold drops 2%.
Bitget BTC/USDT Liquidation Map: At $103,114, if BTC drops 1K to ~$102,114, over $126M in long positions will be liquidated. If it rises 1K to ~$104,114, over $90M in shorts will be cleared. Longs face higher liquidation risk—use leverage cautiously.
BTC Spot Flows (24H): $39.1B inflow vs. $34.9B outflow, net inflow of $4.2B.
Top Net Outflows in Furures (24H): $LAYER, $MEMEFI, $TIA, $TRUMP, $OM may present trading opportunities.
Institutional Insights
CryptoQuant: ETH valuation relative to BTC at its lowest since 2019. Link
Bitcoin Suisse: Meme AI projects outperformed in April; DeFi and infrastructure under pressure. PDF Report
Greeks.Live: Sentiment leans bullish; most traders believe Trump’s policies dominate market direction. Link
QCP Capital: Warns against chasing BTC at current levels until daily close confirms $100K support. Link
News Updates
1.Trump reportedly
unaware of pro-XRP lobbying posts, reacted angrily after learning.
2.El Salvador’s Bitcoin Office confirms more BTC purchases.
3.Missouri could
become
first U.S. state to waive capital gains tax on crypto stocks.
4.Bank of England cuts rates by 25bps, as expected.
5.OCC clarifies banks can offer crypto custody and execution services.
Project Developments
1.Pyth Network: April data shows $67B+ in trading volume, TVS over $15B.
2.ether.fi Foundation: April protocol revenue was $2.4M; part will be used to buy back $ETHFI.
3.Arbitrum DAO Approves $11.6M Investment: 35M ARB to tokenized U.S. Treasury assets.
4.Ethereum Foundation Q1 2025 Grants: Total $32.65M in funding.
5.Bitcoin Market Cap Ranks #6 Globally, surpassing Google.
6.Bitget Wallet Partners with Sei, launching $700K ecosystem month campaign.
7.Linea Waives Gas Fees for Ethereum-to-Linea cross-chain transfers.
8.OX.FUN Allegedly Minted 9.8B OX Tokens Illegally; community fears potential liquidation or rug.
9.Monad Launches Testnet-2, seeking 100–150 participants.
10.Sei Labs Proposes to Drop CosmWasm Support, move to full EVM-only architecture.
Highlights on X
1.CaNoe: Focus, Narrative, and the Awareness of Failure –
Why
You Keep Struggling with On-Chain Trading
The essence of on-chain trading isn’t about piling on tools or techniques — it’s a deeply cognitive psychological game. Those who survive and thrive in this fiercely competitive environment often possess a near-obsessive commitment to trading, the ability to enter a state of deep focus, and the courage to reflect on failure and rebuild their mental models. The market doesn't lack opportunities; it lacks traders who can construct a map of attention, tune into emotional rhythms, set clear goals, and execute with persistence. The core of on-chain trading isn’t about "getting one lucky trade right," but about exchanging a chapter of your life for genuine growth and improved win rates.
Link
2.Millionaire Eric: Trends Always Offer Opportunities — It’s the Rushed Players Who Lose Money
The real chance for average people to get rich doesn’t come from catching some mythical entry point — it lies in accurately riding the clearest and most defined segment of a trend. Emotion-driven, extreme actions (like going all-in short at 99K) violate trading discipline and significantly amplify risk. Even if you succeed by chance once, it’s unlikely to be sustainable in the long run. A truly effective short strategy must be based on a clear plan: including position sizing, scaling logic, stop-loss rules, and a contingency plan for unrealized losses — not emotional, one-shot gambles. Trend markets will give opportunities, but they have no mercy for the reckless.
Link
3.Lutu｜0x664: Why Do You Still Lose Money Even When You See a Trend Reversal?
The issue behind “bearish but not shorting, bullish but not buying” lies in the gap between trend recognition and execution. Extreme market conditions may flash reversal signals, but a signal doesn’t always equal a good entry point — left-side trading involves high uncertainty. Truly seasoned traders stay alert on the strategic level and restrained on the tactical level. They don’t act impulsively, but choose to reduce positions, hedge, or continue observing — avoiding premature bets and misjudging timing. Compared to impulsive "divers," a rational execution system is what ensures long-term success. Link
4.Crypto_Painter: The Liquidation Wave Came as Expected — If It Pushes Higher, It’ll Have to Be Spot-Led
The BTC liquidation rally played out like a script — liquidity below 101,400 was completely flushed out, driving a price surge that ignored fundamentals. This wasn’t triggered by any sudden bullish news but was a textbook short squeeze: short sellers refused to concede, kept adding to their positions, and inadvertently became fuel for the rally. Meanwhile, longs hesitated due to fear of heights, further reducing resistance to the upside. As price surpassed 103,000 and more shorts got liquidated, the rally entered a zone of expected exhaustion. If it continues to break higher, it would suggest spot buyers are stepping in — potentially altering the market structure. Once again, this move proves: the key to trading isn’t predicting direction, but preparing for failure and sticking to the plan. Link
