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Ethereum breaks $2,000, with $2,490 as the next resistance after a strong rally. Crypto Rover notes a 30.24% May increase, signaling strong growth potential for Ethereum. Ethereum surpasses key SMAs, signalling sustained bullish momentum compared to Bitcoin.
Cardano’s recent 17% surge signals a potential recovery from March’s 40% loss. The key to further growth lies in breaching the $0.85 resistance and holding support above $0.74.
Pi Network’s price has risen 27%, fueled by strong investor sentiment, but it faces a tough resistance at $0.78. A breakout could push the price higher, while failure to hold support at $0.71 risks a decline.
Solana’s price has surged recently, but the $180 resistance and investor profit-taking may hinder its progress toward the $200 mark. Key support levels are crucial for continued momentum.
The uodated Bitcoin and Ethereum ETF filings reflect BlackRock’s continued engagement with regulators and evolving market structures in the crypto ETF space.
In Brief Ethereum surged nearly 20%, fueling a broader altcoin rally. Technical indicators show strength, yet new altcoin season debate persists. Growth in ETH and altcoins challenges Bitcoin's dominance amid market shifts.
In Brief Ethereum's price surged past $1,900, outpacing Bitcoin significantly. Institutional investments drove Ethereum's substantial upswing post-Pectra update. Potential record surge may push Ethereum above $6,000, exciting cryptocurrency enthusiasts.
- 00:48Meme Coin TRUMP Contest Ends and NFTs to be Distributed, 220 Dinner Winners to Undergo Background ChecksChainCatcher reports that the official Trump Meme Coin project announced on Monday, "The official contest to decide who can have dinner with the President has ended, and 220 winners will be notified," and they will undergo background checks. The dinner will be held at Trump's National Golf Club in Washington. The project team added, "All users holding the same amount of TRUMP as the final leaderboard during the dinner will also receive a limited edition Trump Diamond Hand Solana NFT." According to Reuters citing Inca Digital data, "TRUMP Meme Coin buyers invested approximately $148 million in this contest." Chainalysis data shows, "58 wallets that purchased the coin made profits exceeding $10 million, with total earnings over $1 billion, while another 764,000 wallets incurred losses."
- 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.