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According to CoinMarketCap data, the performance of the top 100 cryptocurrencies by market capitalization is as follows:Top five gainers: SKYAI (SKYAI) up 44.45%, current price $0.5792; BUILDon (B) up 15.32%, current price $0.6454; Humanity (H) up 13.06%, current price $0.2646; Injective (INJ) up 7.06%, current price $4.66; JUST (JST) up 2.95%, current price $0.08974.Top five losers: Ondo (ONDO) down 10.28%, current price $0.3908; Aerodrome Finance (AERO) down 10.16%, current price $0.4725; Ethena (ENA) down 7.57%, current price $0.1204; Sei (SEI) down 7.03%, current price $0.0695; Virtuals Protocol (VIRTUAL) down 6.99%, current price $0.8131.

Michael Saylor tweeted that the CLARITY Act being advanced by the U.S. Congress will unlock the potential of the next phase of the "digital capital, digital credit, and digital equity" market, and will bring stronger institutional legitimacy and adoption framework for BTC.

Grayscale has submitted a Zcash spot ETF application, converting the existing Zcash trust into a spot product, becoming the first privacy coin ETF seeking to be listed in the United States. At the same time, Multicoin Capital disclosed that it has been continuously building a position in ZEC since February, with co-founder Tushar Jain linking the investment logic to the proposed wealth tax legislation in the U.S., believing that the government's expansion of monitoring private financial holdings will drive structural demand for assets that shield regulation on a mathematical level.However, this application has also raised institutional custody challenges: approximately 30% of Zcash's supply is located in shielded address pools, the highest in history, but ETF custody must almost exclusively use transparent address pools to meet audit and balance proof requirements. Previously, the SEC concluded its long-term review of Zcash in January 2026 without taking enforcement action, significantly reducing regulatory uncertainty.

Australia is considering significant reforms to its Capital Gains Tax (CGT) system, planning to replace the current 50% tax discount policy for long-term held assets with an "inflation-indexed" mechanism, covering investment categories such as cryptocurrencies and stocks. The current system allows individuals to be taxed only on 50% of the capital gains if they hold the asset for more than a year, a policy that has been in place since 1999.If the reform is implemented, investors will calculate their gains based on inflation-adjusted cost bases, which may lead to an increase in actual tax burdens during periods of rapid asset price increases. According to the proposal's logic, the new mechanism will only tax "real gains" (the portion after excluding the effects of inflation), but in a low-inflation environment, the indexed deduction may be lower than the current 50% discount, resulting in increased tax burdens for most investors. The impact on cryptocurrency investors is particularly pronounced.The current "hold to reduce tax" mechanism reinforces long-term holding (HODL) strategies, while the new proposal will weaken the advantage of time holding, significantly increasing the tax burden on unrealized gains during periods of high appreciation. The proposal is still in the discussion stage and is expected to face strong opposition from investor groups and the financial industry, with the focus of the controversy centered on the balance between capital formation efficiency and tax system fairness.

According to GMGN data, TROLL's market capitalization has exceeded 135 million USD, currently reported at 135.02 million USD, with a 24H increase of 55.96%.Market news reminds users that the prices of Meme coins are highly volatile, and investors should participate with caution.

According to Cointelegraph, the Australian government plans to replace the 50% capital gains tax discount applicable to assets held for more than 12 months with an inflation-indexed taxation model. If the new regulations are implemented, it may increase the tax burden on long-term investments such as cryptocurrencies.The Australian Financial Review cited informed sources stating that this adjustment will be included in the budget for the fiscal year 2027, which the Albanese government will announce on Tuesday. The report noted that under the current rules, investors holding assets for more than 12 months can enjoy a 50% capital gains tax discount; the proposed plan will change this to taxing the full amount of real gains after deducting inflation. The new regulations are expected to take effect at the end of the fiscal year in July 2027, with a one-year transition period for assets purchased after May 10, 2026.

French listed company Capital B (ALCPB) announced the completion of a €15.2 million financing, with investors including global institutional investors and strategic investors Adam Back and TOBAM, to accelerate its Bitcoin treasury company strategy.

According to CryptoQuant analyst Darkfost, Bitcoin's realized market capitalization month-on-month growth rate has turned positive at +0.25%, marking the beginning of capital flowing back into the Bitcoin market.Bitcoin's realized market capitalization measures the difference between profits and losses realized in the market, reflecting the transfer of assets from weak hands to strong hands and an improvement in sentiment. However, Darkfost also cautions that the market's subsequent direction should pay attention to the sustainability of this indicator.

Bitcoin fell below the $80,000 mark this week, following a five-day streak of net inflows into spot ETFs, as the market's rebound momentum from February's lows showed signs of cooling. The U.S. April non-farm payroll data added 115,000 jobs, exceeding the expected 62,000, while the unemployment rate remained at 4.3%. Although the overall data was relatively strong, it did not significantly alleviate market concerns about macroeconomic uncertainty; instead, it reinforced expectations that "energy-driven inflation limits the space for interest rate cuts."In terms of capital flow, the spot Bitcoin ETF saw a net outflow of $277 million on Thursday, ending a previous cumulative inflow of $1.69 billion; the Ethereum ETF also recorded a net outflow of $104 million on the same day, indicating a short-term cooling of institutional risk appetite. On the geopolitical front, tensions between Iran and the U.S. have escalated again, prompting the market to reprice the risks in the Strait of Hormuz, leading to a rebound in oil prices, which partially offset the support that previous risk assets received from the decline in oil prices.The derivatives market shows a more long-term hawkish outlook, with interest rate futures pricing in over a 50% probability of rate hikes beyond 2027, suggesting that the easing cycle may be delayed until 2028. On-chain data indicates that the current rise in Bitcoin is primarily driven by institutional spot buying and short covering, with retail participation remaining relatively low, and funding rates maintaining a moderate level, resulting in a weak market momentum structure. Analysts believe that if retail funds do not return, BTC may still face the risk of testing the support range of $75,000 to $78,000.

Analyst Murphy stated that the market is generally focused on the $60,000 price low, but the chip structure analysis reveals that Bitcoin's true bottom may lie in the dense trading area around $66,000.Data shows that this location has accumulated about 440,000 BTC, with 240,000 of that trading occurring between February and April. Currently, the chip proportion in the $65,000 to $78,000 range has reached 13.8%. Although it is still below the 18.7% level before the FTX collapse in October 2022, considering that traditional funds like ETFs and MicroStrategy have locked about 13% of the circulating chips at relatively high levels in this cycle, the current ratio has laid a foundation for building a bottom structure.If the market can experience a second retest and achieve further trading in this range, it will make the bottom foundation more solid and have a stronger "resilience." The true bottom should not be judged by the lowest price ($60,000) but rather by the trading area where large funds concentrated their entry ($66,000). Currently, the trading in the $78,000 to $82,000 range is still insufficient, and market divergences still need to be digested.

According to EmberCN monitoring, a suspected Arrington Capital associated address transferred 100,000 COMP ($2.26 million) to Binance in the last 4 hours, while COMP dropped 4% during that time, currently reported at $22.

According to on-chain analyst Yu Jin (@EmberCN), an address suspected to belong to Arrington Capital recently transferred 100,000 COMP to Binance, worth approximately $2.26 million at the time.This transfer may have caused COMP to drop about 4% in the past 4 hours, with the price falling from $22.9 to $22.

BTC IV 39%, ETH IV 55%; ETH Skew is at a critical turning point------the mid to long term stabilizes at +2 to +5, while the short term has repeatedly dropped to -10 but quickly returned to zero. If ETH stabilizes above $2,400, the short term turning positive will resonate with the mid to long term, confirming a shift from event hedging to upward chasing. The BTC/ETH GEX Term Structure shows that the near-month Gamma has clearly turned positive, with ETF inflows and Call accumulation driving a positive Gamma slow bull structure------under a Long Gamma environment for market makers, the short term is inclined towards high-level fluctuations and slow increases, with IV retreating. Bull Call Spread and selling Put strategies are dominant, but the far month retains negative Gamma reflecting ongoing tail hedging demand. In terms of block trades, 1,001.8 BTC 5/8 expiration $88K Calls were traded, and 14,288 ETH 5/15 expiration $2,600 Calls were traded, indicating clear bullish signals from institutions.Gate has launched the "Rising Star Trader Support Program" for options, with a total prize pool of $25,000 USDT. During the event, users can earn multiple rewards through options trading, inviting friends, and participating in KOL incubation camps: the highest reward for meeting trading volume standards can reach $3,000, and the highest commission for inviting can reach $2,000. Meanwhile, the platform also provides high-quality traders with 1-on-1 options hedging training, exclusive rate discounts, and traffic support, helping traders enhance their strategy capabilities and market influence, and providing a more competitive trading environment and growth opportunities for professional options users.

According to CoinMarketCap data, the performance of the top 100 cryptocurrencies by market capitalization is as follows:Top five gainers: siren (SIREN) up 28.8%, current price $1.03; Venice Token (VVV) up 10%, current price $12.49; Ondo (ONDO) up 8.12%, current price $0.3589.

According to GMGN monitoring, the Meme coin Freedom of Money on the BSC chain rose 25% within 1 hour, with a market capitalization recovering to 12 million USD, and a 24-hour increase of 40%, with a trading volume of approximately 2.2 million USD during the same period.Meme coin trading is highly volatile, largely relying on market sentiment and concept speculation, with no actual value or use case; investors should be aware of the risks.

According to The Block, London-based crypto startup OpenTrade has completed a $17 million strategic financing round, led by Mercury Fund and Notion Capital, with participation from a16z crypto, AlbionVC, CMCC Global, and others, bringing its total funding to over $30 million.OpenTrade offers on-chain and real-world asset collateralized lending and stablecoin yield products aimed at institutions, planning to use this round of funding to expand its infrastructure in both regulated and unregulated scenarios. Its products include a permissionless protocol layer and a yield vault composition framework called Curation+, which can design yield strategies across RWA and on-chain assets for fintech companies, digital banks, vaults, and asset issuers. OpenTrade claims its total locked value has surpassed $200 million, with a projected transaction volume exceeding $250 million in 2025, and is expected to accumulate over $1 billion by the end of 2026.

According to The Block, the cryptocurrency custody company Taurus has obtained a MiFID II investment license granted by the Cyprus Securities and Exchange Commission, allowing it to provide MiFID-regulated investment services for tokenized financial instruments to banks and asset management companies across the EU, as well as secondary trading of tokenized bonds, fund shares, stocks, and structured products.

Spot gold has rebounded significantly after falling to $4500 on May 4, rising again by 2.3% this morning. The price of GOLD on Hyperliquid is currently reported at $4651, having tested this price level three times in the past seven days.In this round of increase, the well-known short-selling institution Abraxas Capital on Hyperliquid has turned from profit to loss, with an average short position price of $4650 for its 5x leveraged GOLD short position, amounting to $22 million. It is now the top holder of short positions in on-chain gold. Address: 0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36.

Tushar Jain, co-founder of Multicoin Capital, disclosed on social media that he has significantly increased his holdings in the privacy coin Zcash since the beginning of this year. Multicoin Capital pointed out that Zcash has returned to the "cypherpunk" ideals on which cryptocurrency was founded. The proposed wealth confiscation bill in California is a warning signal.As the trend of confiscating private wealth through political means continues to grow, individuals and institutions will increasingly seek private assets that can protect their interests. Additionally, while Bitcoin has censorship resistance and cannot be frozen or blocked from use, this does not prevent governments from confiscating known held assets through wealth taxes. Therefore, assets that truly possess privacy, censorship resistance, and seizure resistance have a clear product-market fit, and the related demand is accelerating. In their view, ZEC is the most direct vehicle to express this investment theme in the public market.