surge

Bloomberg's senior ETF analyst Eric Balchunas posted on the X platform that the 2x leveraged SK Hynix ETF has grown approximately 10 times in asset size this year, and is now the third largest ETF in the Hong Kong market, accounting for about 8.5% of total ETF assets.Eric Balchunas also pointed out that the daily trading volume of this ETF exceeds $1 billion. When calculated on a scale equivalent to the U.S. market, this corresponds to a daily trading level of about $150 billion, which is considered extremely rare in the global ETF market. If proportionally converted, the scale of this ETF in the U.S. market would be equivalent to about $1.3 trillion ETFs, but products of this magnitude do not currently exist globally.

According to CoinDesk, Bitcoin mining company turned HPC infrastructure developer TeraWulf (WULF) announced the acquisition of a site in Kentucky, USA, capable of supporting over 1 gigawatt of AI and high-performance computing (HPC) loads for the development of a massive data center. The first phase of 500 megawatts is expected to gradually come online starting in the second half of 2028, with a goal of adding another 500 megawatts before 2030. The company stated that the key constraints in the market under the AI boom have shifted from computing hardware to power and transmission infrastructure. Following the news, TeraWulf's stock price surged 13% during trading, and shares of other companies in the same sector, such as Hut 8 (HUT), Keel Infrastructure (KEEL), IREN (IREN), and Cipher Mining (CIFR), also rose.

BitMEX senior research analyst Shang Wu stated that the continued rise in government bond yields signals an impending "structural" shift, which will create a "super cycle" for Bitcoin's price increase.Shang Wu pointed out that under the pressure of the $39 trillion U.S. debt and massive spending on AI infrastructure, central banks will ultimately respond through currency devaluation and invisible liquidity injections. At that time, investors will sell off devalued traditional assets and turn to allocate Bitcoin, a scarce asset that cannot be inflated.Last week, the yield on the 30-year U.S. Treasury bond broke 5.14%, while the yield on Japan's 10-year government bond reached 2.8%.He believes that while short-term volatility is inevitable, in the long run, this will be the biggest structural benefit for Bitcoin.

According to monitoring by Hyperinsight, the funding on the Hyperliquid cross-chain bridge has significantly increased, with USDC bridging inflows exceeding $268 million in the past 24 hours, reaching a new high since February 7; net inflows surpassed $173 million, reaching the highest level in nearly 10 months (since August 22 of last year), and on the same day, the total locked value on the cross-chain bridge reached $4.02 billion.As of the time of writing, the trading volume on Hyperliquid in the past 24 hours reached $7.84 billion, with an open interest of $9.6 billion, among which, trade.xyz had a trading volume of $2.59 billion and an open interest of $2.49 billion during the same period.

According to monitoring by Hyperinsight, SNDK (SanDisk) rose sharply again by 10% during the last trading day, maintaining a high position in the night session. The SNDK contract on the Hyperliquid platform is currently reported at $1540, with a daily trading volume of $101 million. The on-chain long position with the most considerable profit in this round of increase is 0x7b5, which went long on 2050.7 SNDK with 10x leverage, currently realizing a floating profit of $700,000. This address initially invested only $246,000 in April, with an average entry price of $1199, and has now recorded a return of 284% on the principal. Address: 0x7b51c5d9366077e1b3c1cba383389752f486071b.

According to GMGN monitoring, the Base ecosystem token GITLAWB rose by 30% within 1 hour, reaching a market cap high of $37.5 million, currently reported at $36.6 million, with a 24-hour increase of 39% and a trading volume of approximately $3.3 million during the same period.ChainCatcher reminds users that on-chain trading is highly volatile, largely relying on market sentiment and speculative concepts, and investors should be aware of the risks.

According to the Wall Street Journal, the Commodity Futures Trading Commission (CFTC) is reviewing the surge in crude oil futures trading that occurred before Trump postponed action against Iran in March, and the CFTC has expressed concern about at least three companies.

Glassnode stated that the signals from various Bitcoin derivatives markets are diverging, and the overall structure is beginning to weaken. A significant shift in selling pressure has been observed, with the cumulative volume delta (CVD) for spot trading plummeting by 848.7%. Nevertheless, spot trading volume has increased by 4.2%, indicating a rise in trading activity, but this may stem more from trading interest rather than bullish sentiment. Open interest has slightly decreased by 2.9%, reflecting a cautious attitude towards leverage in an uncertain environment. However, the funding rate paid by the long side has surged by 136.6%, showing a rebound in demand for long positions and an increase in bullish sentiment among traders. Yet, the CVD for perpetual contracts has sharply declined by 278.7%, highlighting significant selling pressure and indicating that bearish sentiment still dominates.The 25-Delta Skew for options has risen by 42.75%, as traders seek more downside protection, with the market clearly turning bearish. Meanwhile, open interest and volatility spreads for options have increased by 1.7% and 124.52% respectively, indicating heightened market participation and increased expectations for future price volatility. The MVRV of the US spot ETF has decreased by 6.1%, with net flows for the ETF deteriorating sharply, reflecting a decline in institutional confidence. However, ETF trading volume has risen by 7%. On-chain activity presents a mixed picture: the number of active addresses has decreased, while the adjusted transfer volume has increased, suggesting relatively low network usage, but large amounts of capital continue to move.Overall, as momentum, spot demand, and speculative positions weaken across the board, the Bitcoin market structure is beginning to soften. Options traders are increasingly hedging against downside risks, liquidity and profitability indicators continue to cool, and the market structure remains relatively stable, but stable liquidity and the strength of long-term holders still provide some resilience to the market.

Morgan Stanley's defined "warning line" for the U.S. stock market has been breached. The bank's Chief Investment Officer and well-known Wall Street bull, Michael Wilson, warned that if U.S. Treasury yields continue to rise and volatility increases, the U.S. stock market will face "the first significant pullback since the end of March."Michael Wilson stated, "If long-term yields rise along with bond volatility, we expect the stock market to experience its first significant pullback since the bottom in late March." Previously, Morgan Stanley marked a 10-year U.S. Treasury yield of 4.5% as "the critical point where yields may pose a more obvious resistance to stock market valuations."

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Counter-Strike: GamerLegion vs Natus Vincere (BO5) - IEM Atlanta Playoffs," the option "GamerLegion" in the sub-market "Map 3 Winner" has experienced a dramatic fluctuation in win rate, soaring from 29.5% an hour ago to the current 44.5% (a fluctuation of 15%). Please note the impact of relevant breaking news.

The sentiment analysis platform Santiment stated that after the news of the Senate Banking Committee advancing the CLARITY Act, Bitcoin has sparked a wave of enthusiasm on social media. This brings BTC and cryptocurrencies one step closer to eventual approval. Historical data shows that when the number of bullish comments on cryptocurrency market value is 1.55 times that of bearish comments, it is advisable to remain cautious. Market trends often go against public expectations.In summary, any efforts to push the CLARITY Act through should be viewed as a positive for cryptocurrencies in the long run, as it may ultimately bring clearer rules to the U.S. cryptocurrency industry. Currently, one of the biggest issues facing the cryptocurrency sector (especially in 2026) is uncertainty. Many companies, investors, and banks are hesitant to fully commit because they do not know which crypto assets will be classified as securities in the future, what rules they must comply with, and whether regulators will suddenly take action. This uncertainty leads to a wait-and-see attitude regarding funding. If the CLARITY Act is passed, it is expected that more institutional funds and well-capitalized investors will enter (or re-enter) the market. This will create higher demand, thus driving up prices. However, if the market value of many of the largest stocks has already been "digested" within a certain range before the CLARITY Act officially takes effect, do not be surprised.

According to Onchain Lens monitoring, as HYPE surged past $45, a whale holding a long position of 1.38 million HYPE (with 5x leverage) is currently sitting on a profit of over $9 million, but needs to pay $2.3 million in funding fees. This whale's position once faced a loss of over $26 million.

Cryptocurrency exchange Gemini released its Q1 financial report, with revenue reaching $50.3 million, a 42% increase from $35.3 million in the same period last year, which led to a 30% rise in its stock price during after-hours trading. The company stated that the growth mainly came from service business, OTC trading, and cryptocurrency-related credit card businesses such as the Gemini Credit Card. Among these, the credit card segment's revenue grew by approximately 300% year-over-year, nearing half of the total revenue.Gemini also disclosed data on its prediction market business for the first time. Since its launch in December last year, this business has attracted over 20,000 users trading contracts, with a total of over 100 million contracts traded, contributing approximately $400,000 in revenue. The company noted that trading volume in April further increased by 78% compared to the previous month. Gemini CEO Tyler Winklevoss stated that the company is gradually transforming from a cryptocurrency trading platform into a broader "market company." Previously, Gemini obtained a CFTC derivatives clearing organization license to support its expansion into derivatives and prediction market businesses.

According to GMGN market data, the meme coin "Haqimi" on the BNB Chain has a market capitalization exceeding $18 million, with a 10-minute increase of 62.52%.According to the Aster official website, it will launch "Haqimi" spot trading at 20:00.

According to Jinshi Data, just weeks after Samsung Electronics' market value surpassed the trillion-dollar mark, SK Hynix is also poised to enter this trillion-dollar market value club. Thanks to strong demand in the artificial intelligence sector, South Korea has become the core area of this round of AI boom in Asia. After achieving an astonishing 274% increase in 2025, SK Hynix's stock price has further soared over 200% this year.Once SK Hynix follows Samsung in crossing the trillion-dollar market value threshold, South Korea will become the first market outside the United States to have more than two companies with a market value exceeding one trillion dollars. "The current market trend is mainly driven by 'fear of missing out' (FOMO) sentiment, especially among AI-related concept stocks in Japan and South Korea, where this sentiment is particularly evident," said Fabien Yip, a market analyst at Sydney IG Group.

BitMEX co-founder Arthur Hayes tweeted that the rising yield of the 10-year U.S. Treasury (TSY) will force the Trump administration to reach an agreement with China as soon as possible, otherwise the traditional financial markets (TradFi) will face the risk of collapse. He also stated that he is taking this opportunity to buy the dip.

Bankr officially announced the deployment of the BNKR FOMO Feed App, which scans the latest 10 new coin issuances on Clanker and Doppler in real-time through a backend Agent. It automatically updates every 15 minutes and includes a one-click "ape" button that pre-fills 0.001 ETH for purchases. Users can now use it in the Bankr Apps dashboard.According to GMGN data, BNKR has surged over 45% in the last 3 hours, with a market cap briefly exceeding 47 million USD, currently reported at 45 million USD, with a 24-hour trading volume of 2.9 million USD.ChainCatcher reminds users that the prices of related tokens are highly volatile, and investment should be approached with caution.