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PENGU, MOG, and BRETT are leading gains on Ethereum, Solana, and Base chains, with each targeting key resistance levels. Watch for breakouts or reversals.
Dogecoin price reclaimed $0.17 after a rally driven by US-China trade optimism. DOGE open interest hits $1.69B as bullish sentiment rises in derivatives markets. Inverse head and shoulders breakout suggests Dogecoin’s price may continue rising.
Bitcoin hits $100K, triggering whale sales of over 60,000 BTC amid strong bullish momentum. Over 3 million BTC return to profit as price nears $98K resistance zone. Arizona and New Hampshire pass bipartisan laws to build state-level Bitcoin reserves.
The funding package, totaling $300m, is expected to include $200m in equity and $100m in convertible debt, aimed at acquisitions and investments.
Open interest for XRP continues to increase as support for XRP gains momentum due to Ripple’s emerging rewards program, and the XRP price hits $2.22. XRP’s market cap hits $129.5B with higher trading volume and active participation on the ecosystem. Vaultro Finance launches on the XRP Ledger, offering growing utility for the blockchain beyond payments.
XRP's technical indicators suggest a new bull run may be on the horizon, with a break above key resistance and growing buying pressure signaling more potential upside.
AVAX sees 290 whale transactions in 24h, signaling steady institutional interest near $19 support zone. Daily active addresses on Avalanche exceed 250K, highest since May 2023. Over 11M AVAX face resistance between $27.38–$28.17, posing a key hurdle for further price gains.
- 00:44CICC: If Tariffs Are Further Downgraded, the Federal Reserve May Consider Cutting Interest RatesAccording to ChainCatcher, as reported by Jinshi, a research report from CICC states that if tariffs are further downgraded, the Federal Reserve may have the opportunity to cut interest rates. The current growth pressure has not manifested, with April's non-farm payrolls still strong and ISM manufacturing and services PMI maintaining resilience. Even if the Federal Reserve wants to react preemptively, there is no sufficient reason, especially considering Powell's term ends in May next year, which poses a significant risk for premature reactions. Therefore, in balancing the "dilemma" of inflation and growth, the Federal Reserve is more likely to choose to wait and see rather than act preemptively. However, if subsequent tariff risks can be further downgraded, the Federal Reserve may have the opportunity to cut interest rates in the third or fourth quarter to alleviate the growth pressure at that time.
- 00:43Yesterday, Grayscale GBTC had a net outflow of $32.9 million, and BITB had a net outflow of $17.7 millionAccording to a report by Jinse Finance, based on monitoring data from Farside Investors, Grayscale's GBTC saw a net outflow of $32.9 million yesterday, while BITB experienced a net outflow of $17.7 million.
- 00:43Overview of Key Overnight Developments on May 1321:00-7:00 Keywords: BlackRock, Citigroup, Nirvana Labs 1. Nasdaq opens 4% higher, major tech stocks in the US surge collectively; 2. BlackRock has applied to enable physical redemption for its Ethereum Trust; 3. Sonic Labs announces the sale of $10 million in tokens to Galaxy; 4. Citigroup postpones its forecast for the next Fed rate cut from June to July; 5. US SEC Chairman Paul Atkins: A comprehensive reform of crypto broker rules may be underway; 6. Blockchain cloud computing company Nirvana Labs completes a $6 million seed extension round, led by Jump Crypto and others.