V-neck

## **Bitcoin’s $80,000 Breakout Expectation Heats Up, Institutionalization Presses the “Turbo Button”**
As Bitcoin’s price fluctuates around the $70,000 level, market expectations of a breakthrough to $80,000 have strengthened significantly. Citing analysts’ views, Forbes points out that continued net inflows into Bitcoin spot ETFs, demand for risk-asset allocation under the Federal Reserve’s rate-cut cycle, and supply contraction following the 2024 halving event together form the drivers pushing prices higher.
More striking are the actions on the institutional side. The options open interes

In the context of ongoing volatility in the cryptocurrency market, several recent major events within the industry are reshaping the competitive landscape and development direction of this field. From the rise of emerging platforms to technological deployments by tech giants, and warnings from security vulnerabilities, these hot topics collectively depict a complex industry picture.
## Hyperliquid Challenges Solana's Capital Map
Hyperliquid, as an emerging decentralized derivatives trading platform, is rapidly capturing the "Internet capital market" status within the Solana ecosystem. This phe

The U.S. Senate Banking Committee voted 15-9 to pass the CLARITY Act (Legislation on the Structure of the Digital Asset Market), advancing the bill to a full Senate vote. During the vote, Sen. Ruben Gallego (D-AZ) expressed support for moving the bill out of committee but emphasized that "agreement" in committee does not equal final support for the vote. Committee Chair Sen. Tim Scott (R-SC) announced a bipartisan compromise and joined five amendments proposed by Sen. Cynthia Lummis (R-WY), which were ultimately adopted. In the final committee vote to advance, only Gallego and Sen. Angela Also

Solana Foundation Growth Lead Chase pointed out that the core of competition in the Perp market is deep liquidity, and the essence of liquidity comes from whether market makers are willing to provide quotes long-term and at high frequency. Compared to the community's long-standing debate over market microstructure, market makers are more concerned with whether order sequencing is consistent, whether cancellations can be prioritized for execution, and whether the overall execution environment is stable and predictable enough. He also admitted that Solana still has shortcomings in these areas, l

This is also why stablecoin payment infrastructure is not simply a Web3 business. It must simultaneously understand crypto, card networks, banks, payment processing, compliance, and local financial systems. Here, it is important to clarify one point: this map is not meant to assign a fixed label to each company. The same company may span multiple layers. For example, Gnosis Pay can be understood by users as both a front-end card product and a more underlying on-chain payment and card issuance infrastructure. After Bridge was acquired by Stripe, it became more like stablecoin payment orchestrat

Elon Musk may participate as a member of the U.S. delegation during Trump's trip to China
According to market sources, Elon Musk will participate as a member of the U.S. delegation during Trump's visit to China, and Tesla's stock price immediately surged by over 1%. Previously, some sources indicated that Nvidia CEO Jensen Huang was not invited and would not accompany the trip to Beijing.
FTX/Alameda Unpledges 200k SOL, Worth $19.4 Million
According to Onchain Lens monitoring, FTX/Alameda has unpledged 199.26k SOL, valued at approximately $19.4 million.

The U.S. Senate will vote on May 11 on whether to initiate “cloture (end of debate)” regarding Kevin Wirth’s nomination to become the Chairman of the U.S. Federal Reserve.
The U.S. Senate will vote on Monday (May 11) on whether to initiate “cloture” on the nomination of Kevin Wirth to become the 17th Chairman of the Federal Reserve. After this step is completed, the Senate will decide the final date for a vote to confirm Wirth’s nomination. For reference, Powell’s term will expire on May 15.
Project Updates:
Roundhill submits the effective date for the world’s first prediction market ETF, sche

The U.S. Senate will vote on May 11 whether to initiate a "cloture" (end of debate) on Kevin Wirth's nomination to become the 17th Federal Reserve Chair.
After this step is completed, the Senate will decide the final date to vote on confirming Wirth's nomination. For reference, Powell's term will expire on May 15.
Project Updates:
Roundhill submits the effective date for the world's first prediction market ETF, scheduled for May 11
Bloomberg ETF analyst Eric Balchunas posted on X platform that Roundhill has just submitted the effective date for the world's first prediction market ETF,

Founder of Tudor Investment, Paul Tudor Jones, in an interview, stated that the AI-driven bull market may last another one to two years. He has also been continuously increasing his holdings in AI-related stocks and compared the current market situation to Microsoft's rise in the 1980s and the internet bubble on the eve of the 1990s, but also warned that a 40% increase could trigger a shocking correction.
(Background summary: Morning Crypto Market Analysis » Bitcoin falls below 80k and fluctuates, RSI reveals that the bottom signal has not yet appeared! Technical analysis: BTC firmly holds t

As is well known, for most ordinary users, the biggest problem in the on-chain world has never been a lack of information, but an overload and clutter of information.
For example, a token might appear simultaneously on Twitter, Telegram, DEX Screener, block explorers, project documentation, and various KOL discussions, and the vast majority of users find it difficult to determine where its profit and risk points are within limited time.
Therefore, the earliest AI features implemented by many wallets and trading platforms are all centered around "information understanding."

TVL统计口径不一致，Mega的数据包含了Native Token $MEGA，而Monad的数据没有包含$MON，而且把Mega的原生稳定币USDm也算进Bridged TVL了。
所以这里我们只看Third Party的占比：
剔除Native Token后，通过第三方桥和特定资产通道进入Mega的外部资产占比约为57.0%，而Monad为30.6%。
第三方桥带来的流动性，可以帮助新链快速冷启动。但在分析TVL的含金量时，Third Part的占比过高，意味着资金更策略化、更不稳定，主要跟着短期激励走。（后面会详细证明）

Reviewing the development path of Bitcoin, it was born after the 2008 financial crisis and overlaps significantly with multiple rounds of quantitative easing by the Federal Reserve.
From Ben Bernanke's large-scale balance sheet expansion, to market skepticism during Janet Yellen's tenure, and then to Jerome Powell's stress tests under an environment with interest rates above 5%, Bitcoin has continuously reshaped its market positioning at different policy stages.
Especially after the approval of spot Bitcoin ETFs in 2024, "currency devaluation trading" has gradually become a mainstream inst

The U.S. Custodian Trust and Clearing Corporation (DTCC) plans to launch limited production trading of tokenized real-world assets (RWA) in July 2026, with full service rollout scheduled for October 2026.
DTCC is the core backend infrastructure organization for the U.S. financial markets, responsible for securities custody, clearing, and settlement services. According to DTCC disclosures, its subsidiaries handled securities transactions totaling $3 trillion in 2024, covering asset classes such as U.S. stocks, corporate bonds, municipal bonds, U.S. Treasuries, mortgage-backed securities, money

The tokenization of real-world assets (RWA) pilot program by the US securities clearing giant DTCC has attracted significant market attention. According to insiders, the organization will launch its first pilot transaction in July, focusing on testing on-chain settlement processes for traditional financial assets such as stocks and bonds. Notably, Ripple's institutional service platform Ripple Prime has confirmed its participation in the DTCC working group, working with over 20 financial institutions including BlackRock, JPMorgan Chase, and HSBC to develop technical standards.
"This marks the

The tokenization of real-world assets (RWA) pilot program by the US securities clearing giant DTCC has attracted significant market attention. According to insiders, the institution will launch its first pilot transaction in July, focusing on testing on-chain settlement processes for traditional financial assets such as stocks and bonds. Notably, Ripple's institutional service platform Ripple Prime has confirmed its participation in the DTCC working group, working with more than 20 financial institutions including BlackRock, JPMorgan Chase, and HSBC to develop technical standards.
"This marks

PANews May 3 News, stablecoin issuer Tether's CEO Paolo Ardoino announced on the X platform that Tether may promote the integration of WDK (Wallet Development Kit) and QVAC (Native AI SDK) in the future, providing core support for its Agent Cards related features. Analysts believe this direction will help improve the connection layer between AI agents and cryptocurrency payment infrastructure, offering more efficient underlying support for automation application scenarios.

The first is RWA and institutional finance.
From Chainlink’s partnership matrix, it can be seen that it has previously collaborated with Swift and multiple institutions to complete cross-chain tokenized-asset trials; last year, it worked with 24 major financial institutions to advance the on-chain plan for corporate actions data. The DTCC Smart NAV pilot then distributed mutual-fund NAV data onto the chain.
In the same year, Chainlink partnered with Mastercard to enable on-chain crypto purchase flows for more than 3 billion cardholders. The U.S. Bureau of Economic Analysis (BEA) has also used

PANews May 1st reported that, according to Cointelegraph, the crypto industry’s venture capital market cooled significantly in April, with total crypto VC funding dropping to $659 million for the month, completing 63 funding rounds, a sharp 74% decrease from March’s $2.6 billion (84 rounds), marking the lowest monthly funding level since July 2024.

PANews April 30 News, the UK Financial Conduct Authority (FCA) released the policy statement and supporting guidelines titled "Progressing fund tokenisation," clarifying that asset management companies can use distributed ledger technology (DLT) for fund tokenization within the existing regulatory framework. The new regulation also introduces an optional Direct to Fund (D2F) model, allowing investors to trade directly with traditional or tokenized funds to improve subscription and redemption efficiency. FCA stated that the framework provides operational guidance for funds adopting tokenization

At the current moment, the crypto market is showing a dynamic balance between traditional financial instruments and native liquidity pools. The divergence between the recovery of USDT liquidity and the capital flow into Bitcoin ETFs is a microcosm of this balance. Meanwhile, the collaboration between OpenAI and AWS opens up new imaginative space for the market from a technological perspective. The future market trend will depend on the ongoing competition and mutual reinforcement of these three factors.