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According to the official website of the U.S. Securities and Exchange Commission (SEC), SEC Commissioner Hester M. Peirce delivered a speech at the "Regulating the PETshop Series" seminar at Georgetown University Law Center, calling for the inclusion of Privacy-Enhancing Technologies (PETs) in the financial regulatory framework.She criticized the current regulatory approach for being overly inclined towards government surveillance, arguing that technology should serve to protect personal privacy rather than expand the scope of surveillance, and pointed out that blockchain public wallet addresses can reduce the risk of personal information leakage for investors while meeting compliance requirements.Peirce also invited technology teams that can minimize personal information collection while meeting KYC and anti-money laundering regulatory requirements to actively collaborate with the SEC's Crypto Task Force.

The cryptocurrency market research organization Santiment stated that ETH has fallen below $2000 for the first time since March 29. Typically, after a significant price drop, the market exhibits two typical sentiments: one is retail investors falling into FUD due to weak performance, and the other is FOMO sentiment viewing the drop as a "discount buying opportunity." Santiment pointed out that the market is currently experiencing the latter. As ETH breaks below a key psychological support level, a large number of retail investors are starting to "buy the dip."They believe this usually indicates that the price of ETH may still have further room to decline, as retail sentiment is currently too optimistic, and historically, the general market tends to make incorrect judgments. Santiment stated that a truly better buying opportunity usually occurs after market FOMO cools down and sentiment shifts to panic.

The cryptocurrency market research firm Santiment stated that ETH has fallen below $2000 for the first time since March 29. Typically, after a significant price drop, the market exhibits two typical sentiments: one is retail investors falling into FUD due to weak performance, and the other is the FOMO sentiment that views the drop as a "discount buying opportunity."Santiment pointed out that the latter is currently emerging in the market. As ETH breaks below a key psychological support level, a large number of retail investors are starting to "buy the dip." It believes that this usually indicates that the price of ETH may still have further room to decline, as retail sentiment is currently too optimistic, and historically, the general market tends to make incorrect judgments. Santiment stated that the truly better buying opportunities usually arise after market FOMO cools down and sentiment shifts to panic.

According to Cointelegraph, the crypto analysis platform Swissblock stated that Bitcoin is sliding into a high-risk environment due to continuous selling by institutions. Its Bitcoin risk index is currently at 33 points, in the high-risk zone. Swissblock pointed out that every time the risk index signals a structural selling pressure overwhelming the market, it is backed by institutions selling off.Glassnode reported that since May 7, the U.S. Bitcoin ETF has recorded net outflows almost every trading day, with continuous institutional selling signals increasing pressure on the supply side for more than two weeks, while demand has not offset this. CoinEx chief analyst Jeff Ko stated that over the past two weeks, more than $2 billion has flowed out of spot ETFs, and institutional risk appetite remains in a marginally sensitive state. News of the U.S. launching new strikes against Iran on Tuesday morning further intensified the risk, causing Bitcoin to drop by 1%, falling from $77,000 to below $76,500.

According to Livecoins, a survey jointly released by Mercado Bitcoin and Opinion Box shows that cryptocurrency has entered the investment portfolios of 16% of investors in Brazil, while another 56% of respondents who have never invested in crypto assets expressed intentions to enter the market in the future.The survey states that digital assets are more often seen as tools for diversifying asset allocation rather than as replacements for traditional investments. Meanwhile, 61% of Brazilian respondents believe that a drop in Bitcoin is a buying opportunity, with this percentage rising to 79% among investors who already hold crypto assets. However, the market's popularity still faces obstacles, with 62% of respondents indicating difficulty in understanding the specialized terminology of the crypto field, 76% believing the market is too complex, and 55% considering regulatory oversight of platforms as the primary factor in choosing a crypto asset investment platform.

According to Decrypt, MoonPay has launched a dedicated app within the ChatGPT application, allowing users to purchase cryptocurrencies such as Bitcoin, XRP, Solana, and USDC directly within the OpenAI chatbot. Users can ask ChatGPT for cryptocurrency information and then request to purchase a specified amount, after which ChatGPT will generate a MoonPay checkout link. Users must complete the standard KYC process and connect their wallets.MoonPay's blockchain engineer stated that ChatGPT is becoming an entry point for financial research, and the cryptocurrency purchasing feature has been previously missing. This app is part of MoonPay's expansion into AI-driven cryptocurrency tools. Earlier this month, MoonPay also acquired the AI trading startup Dawn Labs and launched the trading assistant Dawn CLI. Arifin mentioned that chatbots like ChatGPT are becoming the new entry points to the internet.

Analysis suggests that the rise in U.S. Treasury yields and bond yields in major global economies is weakening the market's willingness to allocate to high-risk, non-yielding assets like Bitcoin. At the same time, influenced by the situation in Iran, concerns about potential supply risks in the Strait of Hormuz are heating up, and some speculative funds are flowing into the commodities market for crude oil, copper, and sulfur.Market data shows that Bitcoin has dropped over 3% in the past 24 hours, retreating about 10% from its peak of approximately $82,500 on May 6. As the market declines, U.S. spot Bitcoin ETFs continue to experience outflows. This week, U.S.-listed spot Bitcoin ETFs saw a net outflow of about $1.26 billion, marking the largest single-week outflow since January of this year, with the previous week also seeing outflows close to $1 billion, bringing the total net outflow over the past two weeks to more than $2.26 billion. Additionally, there are views that funds may be shifting towards potential IPO-related trades for SpaceX, with the trading volume of some blockchain-based SpaceX IPO pre-market derivatives already reaching millions of dollars.

According to Jinshi reports, market pricing shows that U.S. interest rate futures traders now expect the Federal Reserve to raise interest rates as early as October.

According to The Block, Bitcoin fell below $78,000 on Thursday, with growing concerns in the market about the momentum for a subsequent rebound. Data shows that Bitcoin spot ETFs have seen a net outflow of funds for four consecutive trading days, while the liquidation of approximately $584 million in long positions earlier this week continues to suppress market risk appetite. Analysts believe that before on-chain spot demand recovers, BTC will still struggle to effectively hold above $80,000 in the short term.Glassnode analysis points out that Bitcoin's spot CVD (Cumulative Volume Delta) has been negative for nine consecutive trading days, marking the longest net selling period since 2026. When Bitcoin previously rebounded to $82,000, it briefly reclaimed the key level of $78,300, the "real market average," but has now fallen below it again. Historical cycles show that BTC typically needs to consolidate in this area for several weeks to months to confirm a switch in the bull-bear structure.

The DAO infrastructure service provider Syndicate announced that it will gradually cease operations. It stated that after five years of continuous development of on-chain developer infrastructure, the Rollup market has undergone fundamental changes. Currently, the Rollup market size has significantly shrunk, with some Rollup projects gradually shutting down, and the market has shifted from EVM Rollups to custom chain models built from scratch by consulting teams, resulting in a significant decline in reusable technology and network value.Syndicate stated that its system consists of two parts: Syndicate Labs, responsible for development, will shut down, while the independent entity Syndicate Network Collective (Wyoming DUNA), which holds SYND tokens and has governance rights, will continue to exist, and SYND governance will not be affected in the short term.In addition, Syndicate emphasized that this decision to cease operations is unrelated to recent cross-chain security incidents, and affected users and SYND holders have received full compensation through treasury reserves, while team and investor tokens are still locked.

According to Jinshi reports, the Federal Reserve's meeting minutes show that the economic outlook forecast by Federal Reserve staff is slightly stronger than during the March meeting.

According to Jinshi reports, the Federal Reserve meeting minutes show that several participants indicated that if the conflict is resolved quickly and inflationary pressures ease, it will be necessary to cut interest rates later this year.

According to Fortune, Catena Labs, an AI financial infrastructure company founded by Circle co-founder Sean Neville, announced the completion of a $30,000,000 Series A funding round, co-led by Acrew Capital and Andreessen Horowitz's a16z crypto, with participation from Breyer Capital, General Catalyst, and QED.Catena Labs focuses on building "AI-native banking" infrastructure, aiming to enable AI Agents to securely perform financial operations such as payments, transfers, and fund management. The company also announced that it has applied for a national trust bank charter from the Office of the Comptroller of the Currency (OCC) to support payment processing and client fund custody.

Bitwise tweeted that it will use 10% of the management fees from its Hyperliquid ETF ($BHYP) to hold HYPE on the company's balance sheet, taking concrete action to support the development of the Hyperliquid ecosystem.Bitwise emphasized that Hyperliquid adopts a community-first model, with 99% of the blockchain's revenue used for the buyback and destruction of HYPE, stating, "If the protocol succeeds, the community should succeed." Bitwise's decision to hold HYPE is based on this principle.

Binance Research released a chart analysis this week indicating that four on-chain signals point to the same conclusion: supply is tightening, and selling pressure has been exhausted.Long-term dormancy: Nearly 60% of BTC supply has not moved for over a year, significantly higher than 27% in 2012. The dormancy rate peaked at 69.5% when the spot Bitcoin ETF was approved in January 2024 and has since remained close to historical highs.SLRV indicator: The short-term to long-term holder value ratio is deeply entrenched in historical bottom territory, indicating a lack of market sentiment. Long-term holders dominate the supply, while short-term speculators have largely exited. Historically, every cycle bottom has been accompanied by this ratio entering the current region.Exchange balances: Since peaking at 17.6% during the pandemic, exchange balances have dropped to 15%, with approximately 500,000 BTC permanently leaving exchanges, and seller supply has fallen to a six-year low.STH MVRV indicator: Since November 2024, the BTC short-term holder MVRV has mostly remained below 1, gradually exhausting selling pressure. Currently, this ratio has rebounded to 1, and short-term holders are beginning to reaccumulate unrealized gains. As profit accumulation is still in its early stages, a new wave of selling pressure is unlikely to emerge immediately; historically, this pattern often appears before a sustained recovery.

Liquid Capital founder Yi Lihua posted on platform X: "The rebound of this wave is basically over. I have expressed multiple times that this round is about looking for a rebound rather than a reversal, with a strategy to close positions upwards. The possible upcoming bearish factors include a normal correction in US stocks at high levels, the impact of oil prices on inflation issues, which may lead to changes in interest rate cut expectations, and notably, the significant rebound in US Treasury yields. Crypto is long-term beautiful; we are now in the darkness before dawn. Every round of a bear market has countless pessimists and those leaving the market, but deep bear markets are often good opportunities for entry and patience. The AI era benefits two waves of people: one wave is those who dare to go all in on AI stocks, and the other wave is AI entrepreneurs. I recommend allocating 50% of future earnings to the AI field; this is an irreversible trend. ALL IN AI is the only choice."

The U.S. Attorney's Office for the Southern District of New York stated in a court filing on Tuesday that Roni Cohen-Pavon, the former Chief Revenue Officer of the defunct crypto lending platform Celsius, has agreed to a forfeiture judgment of $1.07 million, representing the proceeds traceable to his criminal conduct. Cohen-Pavon pleaded guilty in September 2023 to charges of fraud and conspiracy to manipulate the price related to Celsius's CEL token, and is scheduled to be sentenced this Thursday. Cohen-Pavon's lawyer previously requested a sentence of time served, citing his cooperation agreement with the government and his potential role in the guilty plea of former Celsius CEO Alex Mashinsky.Mashinsky was sentenced to 12 years in prison in May 2025 for commodity and securities fraud and agreed to forfeit over $48 million. In a letter to the judge, Cohen-Pavon stated, "I plead guilty because I am guilty. I participated in the manipulation of the CEL token. I should have stopped it but did not, I could have left but did not. I take full responsibility for this."Additionally, on Thursday, Judge Lewis Kaplan of the same court ordered that $10 million in assets associated with former FTX CEO Sam Bankman-Fried be used to fulfill his forfeiture agreement. Bankman-Fried was sentenced to 25 years in prison for defrauding FTX users and investors and is subject to over $11 billion in forfeiture. His appeal to overturn the conviction and sentence is still pending.

According to official news, Ethena announced the launch of a dedicated USDe market on Jupiter Lend, which is completely independent of the existing Jupiter Lend deployment. Bitwise is responsible for on-chain asset management and risk supervision, and institutional participation is supported. Users can now deposit USDe on Jupiter Lend, engage in lending, and execute leveraged USDe strategy operations.In addition, USDe can also be bridged to the Solana network through Stargate Finance.

According to Jinshi reports, the market has currently priced in a probability of over 30% for interest rate hikes before December. After the unexpectedly strong PPI data in the U.S. for April, the market believes it will be almost more difficult for the Federal Reserve to justify any rate cuts this year.The April PPI rose by 1.4%, significantly higher than the general expectation of 0.5% from economists, indicating that inflationary pressures are stronger than expected and reinforcing the trend of the market repricing the interest rate path.