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Driven by optimistic expectations for an extended ceasefire agreement between the U.S. and Iran, the U.S. stock and oil markets continued to strengthen this week. The S&P 500 index rose for the ninth consecutive week, setting the longest winning streak since 2023; Brent crude oil stabilized around $92 per barrel. However, the cryptocurrency market failed to follow the rise of macro risk assets. Over the past week, Bitcoin fell 2.6% to $73,445, Ethereum dropped 2.5% to $2,011, Solana decreased by 2.2%, and TRX saw a decline of 5.6%, making it one of the weakest tokens among the top ten cryptocurrencies by market capitalization. Market analysts believe that the cooling inflow of funds into spot Bitcoin ETFs is putting pressure on coin prices.In contrast, some small and mid-cap tokens performed remarkably well. Among them, the native token of Hyperliquid, HYPE, surged 19.4% this week to around $65, becoming the biggest highlight in the market. Previously, Intercontinental Exchange (ICE) CEO Jeffrey Sprecher referred to Hyperliquid as "a bigger opportunity than Nasdaq" at the Bernstein conference, further boosting market sentiment. Additionally, BNB rose 1.9% this week, XRP increased by 0.7%, and DOGE remained basically flat.On the macro level, U.S. President Trump stated that a final decision on the U.S.-Iran ceasefire memorandum is close, but he still insists on Iran abandoning its nuclear program, handing over its enriched uranium stockpile, and opening the Strait of Hormuz. Market participants believe that due to significant differences between the two sides on key issues, the current rebound in risk assets remains relatively fragile, and any negative news regarding the Iran negotiations could trigger a reversal in market sentiment.

According to Gate market data, U.S. stocks closed higher on Friday, with the Dow Jones Industrial Average initially rising by 0.72%, the S&P 500 index up by 0.22%, and the Nasdaq up by 0.2%. IBM rose over 12%, Qualcomm rose over 3%, and Oracle rose over 10%. The Nasdaq China Golden Dragon Index closed flat, with Baidu up 2.4% and Alibaba down 1.5%. The S&P 500 index has risen 5.15% this month, the Nasdaq has risen 8.36%, and the Dow has risen 2.78%. The S&P 500 index has risen for the ninth consecutive week, setting the longest consecutive increase record since December 2023.

According to Bloomberg, Bitcoin volatility has dropped to a nine-month low, and the market is entering a breather period. During the Asian trading session, the Bitcoin Volmex implied volatility index fell to 36.11 on Monday, the lowest since September of last year, approaching the lowest level since 2023. This index reflects the market's expected 30-day Bitcoin volatility through real-time cryptocurrency options prices. Additionally, the U.S. spot Bitcoin ETF saw a net outflow of about $1 billion in May, reversing a trend of net inflows for two consecutive months, indicating a cooling of investor demand.Caroline Mauron, co-founder of Orbit Markets, stated that retail interest is shifting towards other trading opportunities. Rajiv Sawhney, head of international portfolio management at Wave Digital Assets, noted that selling volatility has become one of the hallmark trades recently, and for Bitcoin, which lacks intrinsic yield, long-term holders, miners, and large funds are generating returns from their positions by selling volatility.

According to The Block, the U.S. Department of Justice sentenced Ohio resident Rathnakishore Giri to nine years in prison for operating a long-running investment fraud scheme that defrauded investors of at least $10 million. Giri pleaded guilty in 2024 to a charge of telecommunications fraud. In a revised plea agreement submitted before the sentencing hearing, Giri admitted to continuing to solicit funds from investors even after pleading guilty.The Department of Justice stated that Giri falsely promised high returns and guaranteed the principal was risk-free, while in reality, he used funds from new investors to pay old investors, which is a typical Ponzi scheme. The Commodity Futures Trading Commission previously accused Giri of operating Bitcoin derivatives schemes through multiple entities since 2019 and initiated enforcement action in August 2022, with the Department of Justice filing five counts of telecommunications fraud against him in November 2022.

According to Cointelegraph, the U.S. spot Bitcoin ETF has recorded six consecutive weeks of net inflows, marking the longest consecutive record since August 2025. This round of inflows has continued from the week of April 2 to this Friday, totaling $3.4 billion. The week of April 17 saw the strongest inflow at $996 million, while the most recent week had an inflow of $623 million, and the week of April 2 had the lowest inflow of only $22.34 million.The last longer consecutive record was a seven-week continuous inflow from June 13 to July 18, 2025, totaling approximately $7.57 billion. Notably, there was a pullback in the latter half of this week, with outflows of $278 million and $146 million on Thursday and Friday, respectively, after strong inflows of $532 million and $467 million on Monday and Tuesday. Regarding Ethereum ETFs, as of the week of May 8, there was a return to net inflows of $70.49 million, reversing the previous week's net outflow of $82.47 million.

HYPE Financial Company Hyperliquid Strategies disclosed its third-quarter report on Thursday, currently holding approximately 20 million tokens. Since its establishment in December 2025, the company has invested $216 million to acquire about 7.3 million HYPE tokens. Hyperliquid Strategies went public last year through a merger with Sonnet BioTherapeutics, focusing on accumulating HYPE tokens through staking, yield optimization, and ecosystem participation to maximize shareholder value.In addition to buying HYPE, the company also deployed $10.5 million to repurchase approximately 3 million shares of PURR stock at an average price of $3.42 per share. The company maintains a cash position of $103 million for future treasury deployments, repurchases, and other corporate expenses.For the nine months ended March 31, a net loss of $165.4 million was recorded. The announcement stated that the loss was "primarily due to" a $64 million unrealized net loss on HYPE tokens, a $35.6 million one-time write-down related to the acquisition of the legacy Sonnet business, and an increase of $60.5 million in deferred income tax expenses. For the three-month period ended March 31, staking income reached $2.6 million, with interest income increasing by another $1 million, and operating expenses amounted to $7.2 million.

According to BBX data, yesterday the earnings season for cryptocurrency-related stocks and the expansion of stablecoin infrastructure advanced simultaneously, with the following key developments:Robinhood Markets, Inc. (NASDAQ: $HOOD) released its Q1 2026 earnings report and submitted SEC Form 8-K after the market closed on April 28: total revenue of $1.07 billion (up 15% year-over-year), below the analyst consensus expectation of $1.14 billion; adjusted EPS of $0.38, slightly lower than the consensus of $0.39; cryptocurrency trading revenue plummeted 47% year-over-year to $134 million (compared to $252 million in the same period last year), with cryptocurrency trading volume also declining 48% to $24 billion, marking the third consecutive quarter of declining cryptocurrency revenue. Meanwhile, revenue from event contracts (prediction markets) surged 320% year-over-year to $147 million, surpassing cryptocurrency revenue for the first time to become the largest source of trading revenue, with a record contract volume of 8.8 billion for the quarter; affected by the earnings report, $HOOD fell about 13.24% to $71.20 yesterday.Visa Inc. (NYSE: $V) announced on April 29 through an official BusinessWire press release that five new blockchains—Arc, Base, Canton, Polygon, and Tempo—have been added to its global stablecoin settlement pilot, expanding the total supported network to nine (previously Ethereum, Solana, Avalanche, Stellar); the annualized scale of stablecoin settlements reached $7 billion, a 50% increase from the previous quarter. The pilot allows issuing banks and acquiring banks to settle using stablecoins instead of traditional banking rails, currently covering over 50 countries and more than 130 stablecoin-related card projects, and has expanded to USDC settlements with U.S. banks.Senator Cynthia Lummis publicly confirmed on April 29 that the markup for the CLARITY Act in the Senate Banking Committee is scheduled for May 2026; at the same time, the SEC announced it will hold a roundtable discussion on May 3 regarding issues related to the CLARITY Act, further clarifying the signals of coordination between regulatory and legislative bodies to accelerate the process, providing an official timeline endorsement for the previously anticipated "end of May" market expectations.

Bitcoin fell below $77,000, with the U.S. spot Bitcoin ETF recording a net outflow of $263.2 million, ending a nine-day streak of net inflows. This coincided with the eve of this week's Federal Reserve FOMC meeting, adding a touch of caution to the already resilient April rebound.Bitcoin declined today, but it has still risen about 15% over the past month, reaching a high of $79,000 in April. The interruption of ETF fund momentum is significant because it occurs just before a week of major macroeconomic events. The market is currently digesting the Federal Reserve's decisions, new inflation concerns, GDP data, a series of earnings reports from major tech companies, and another round of interest rate decisions from central banks in Europe and Asia.Timothy Misir, head of research at BRN, stated that the crypto market entered this week with inspiring momentum, but there are too many cross factors to determine a clean risk appetite trend. In his view, investors are showing signs of "war fatigue" regarding the situation in the Middle East, while central banks are forced to find a balance between supply-driven inflation and weakening confidence along with mixed data.Glassnode expressed a similar view in its latest weekly pulse report. Analysts noted that Bitcoin still exhibits a "mix of bullish momentum, cautious sentiment, and consolidation," with strong buying pressure offset by weaker speculative participation and lower trading activity.QCP Capital stated that Bitcoin had a significant rebound in April, maintaining an overall constructive pattern. However, the firm believes that $82,000 remains a key level, with the nearby CME gap constituting the next real test.Andy Baehr, managing director at GSR Asset Management, mentioned that prices are "gradually rising," and $80,000 remains a key psychological level.

Since the new system was launched by the Korean National Tax Service in July 2025, 33.9 billion won in unpaid taxes has been recovered through cross-border tax cooperation over the past nine months, accounting for most of the total amount recovered cross-border since 2015.Reports indicate that starting next year, South Korea will receive virtual asset transaction data from 56 countries based on a new cryptocurrency reporting framework, and plans to exchange information on overseas real estate holdings and transactions starting in 2030.

According to Gate market data, Tesla's stock price rose by 7.9%, expected to set the largest single-day increase in over nine months.

According to Lookonchain monitoring, in the past 24 hours, nine newly created wallets withdrew 87.76 million Binance tokens from Binance, worth 14.9 million USD.

According to Lookonchain monitoring, a certain whale sold 1,870 XAUT at an average price of $4,489 nine hours ago. These XAUT were purchased two weeks ago at $5,075, resulting in a loss of approximately $1.1 million from this transaction.

According to monitoring by Hyperinsight, a whale starting with 0x687 has opened a 40x leveraged long position in BTC, with a position size reaching 10 million USD, an average entry price of 68,563 USD, a liquidation price of 62,817 USD, and a current floating profit of 4,000 USD (1.4%).This address has made its ninth attempt to chase the rise in BTC recently, having previously closed a BTC long position 10 hours ago, recording a loss of about 290,000 USD. In addition, this address is still building a long position in ETH, with a size of 1.69 million USD and an average price of 2,067 USD. As of the time of writing, both positions are still being increased.

According to CoinDesk, the Bank of Korea has officially launched the second phase of the digital won pilot project, collaborating with nine commercial banks to conduct real scenario testing of Deposit Tokens, covering government subsidy distribution and nationwide consumer payment and transfer services.This phase of the project is named "Project Hangang," adding Kyongnam Bank and iM Bank to the original seven banks, jointly testing the won-pegged deposit tokens built on the underlying architecture of wholesale central bank digital currency (Wholesale CBDC). One of the core objectives is to reduce payment costs, providing low-cost payment alternatives for large enterprises and small and micro merchants that bear high credit card fees.

According to SoSoValue data, the total net inflow of Ethereum spot ETFs is $57.012 million.The Ethereum spot ETF with the highest single-day net inflow yesterday was the Fidelity ETF FETH, with a single-day net inflow of $19.1332 million. Currently, FETH's historical total net inflow has reached $2.333 billion.Following that is the Grayscale Ethereum Trust ETF ETH, with a single-day net inflow of $19.0788 million. Currently, ETH's historical total net inflow has reached $1.842 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $11.85 billion, with an ETF net asset ratio (market value relative to the total market value of Ethereum) of 4.75%. The historical cumulative net inflow has reached $11.647 billion.

According to SoSoValue data, yesterday (Eastern Time March 10) the total net inflow of Ethereum spot ETFs was $12.5859 million.The Ethereum spot ETF with the highest single-day net inflow yesterday was the Fidelity ETF FETH, with a single-day net inflow of $10.6566 million. Currently, FETH's historical total net inflow has reached $2.314 billion.Following that is the Grayscale Ethereum Trust ETF ETH, with a single-day net inflow of $1.9293 million. Currently, ETH's historical total net inflow has reached $1.823 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $11.572 billion, with an ETF net asset ratio (market cap as a percentage of Ethereum's total market cap) of 4.69%. The historical cumulative net inflow has reached $11.590 billion.

According to SoSoValue data, the total net outflow of Ethereum spot ETFs is $82.8519 million.The Ethereum spot ETF with the highest single-day net outflow yesterday was the Fidelity ETF FETH, with a single-day net outflow of $67.5669 million. Currently, the historical total net outflow of FETH has reached $218 million. The second highest was the Grayscale Ethereum Trust ETF ETH, with a single-day net outflow of $5.9979 million, and the historical total net inflow of ETH has reached $84.1805 million.As of the time of writing, the total net asset value of Ethereum spot ETFs is $11.283 billion, with an ETF net asset ratio (market value as a percentage of Ethereum's total market value) of 4.72%. The historical cumulative net inflow has reached $11.629 billion.