News linked to both this project and an event.
According to TheEnergyMag, AI cloud service provider Nebius (NASDAQ: NBIS) released its first-quarter financial results, reporting revenue of $399 million—more than seven times higher year-on-year and exceeding analysts’ expectations of $371 million. Its adjusted net loss stood at $100.3 million, better than market expectations. Following the earnings release, Nebius’s stock rose approximately 17% in pre-market trading, with its year-to-date gains exceeding 100%. This quarter, the company’s capital expenditures surged to approximately $2.5 billion. It also announced securing 1.2 gigawatts of power capacity and land in Pennsylvania for constructing a new AI factory. CEO Arkady Volozh stated that enterprises are transitioning from the AI experimentation phase to large-scale production deployment, and the company continues to face “unprecedented demand.” Additionally, Nebius recently acquired AI startup Eigen AI for approximately $643 million and signed a five-year, up-to-$27 billion long-term AI compute supply agreement with Meta Platforms.
although Bitcoin has retraced approximately 2.5% from its local high of $82,800 on May 6, market analysts widely believe its overall uptrend structure remains intact, and it has re-entered the "full bull market momentum" zone. Swiss wealth management firm Swissblock points out that Bitcoin has re-entered a price expansion zone, with the Bull Market Support Band turning into support. The 21-week EMA has crossed back above the 20-week SMA, shifting the trend structure back to bullish.Bitcoin is currently consolidating around the $80,000 level, where the "Realized Market Mean" and the short-term holder cost basis form key support, while the realized price near $85,000 represents overhead resistance. Spot buying pressure driven by whales and institutions is strengthening, while the proportion of speculative derivatives activity is declining. Historically, similar structural setups have often corresponded to sustainable uptrends. If this indicator remains persistently positive, it could further propel Bitcoin's upward cycle.On the liquidity front, the Stablecoin Supply Ratio (SSR) has rebounded from historical lows into a critical range, indicating stablecoin capital is flowing back into the market. This signal previously corresponded to阶段性底部反弹 (significant bottom bounces) in mid-2021, 2022, and mid-2023.Meanwhile, Binance's Stablecoin Supply Ratio Oscillator (SSR Oscillator) has risen to 2.8, hitting a 12-month high, demonstrating a notable increase in stablecoin purchasing power. On-chain activity is also strengthening. Bitcoin's daily transaction volume increased by 116% in May to 831,400 transactions, a 20-month high; the number of active addresses grew 7.1% week-over-week to 707,700; and total fees rose 37% to $279,300, indicating significantly heightened network usage activity. Regarding capital structure, the 90-day spot Taker CVD has turned consistently positive, suggesting spot buying is dominating the market. Glassnode data shows this indicator has further increased to $62 million compared to a week earlier, reflecting a strengthening of active buying sentiment in the market.In summary, price structure, liquidity indicators, and on-chain demand all indicate that Bitcoin remains in a "strong trend expansion phase," with the bull market momentum not yet exhausted. (Cointelegraph)
Odaily Odaily News According to the latest weekly report from Gate Ventures, global markets continued to strengthen last week, driven by the technology sector. Both the S&P 500 and the Nasdaq index hit new record highs, with the S&P 500 gaining 2.36% for the week and the Nasdaq rising 4.52%. In the crypto market, BTC rose 4.6% last week, ETH rose 2.1%, spot BTC ETFs recorded net inflows for the fifth consecutive week, and market sentiment recovered to the neutral range. Additionally, the total market cap of cryptocurrencies excluding the top ten assets increased by 12.6% for the week.On the macroeconomic front, the ISM Services Price Index rose to 70.7, a two-year high, coupled with energy price fluctuations and the Federal Reserve's policy expectation of "keeping interest rates higher for longer," leading to increased market focus on a "stagflation" environment. On the industry level, Payward, the parent company of Kraken, has applied to the OCC for a national trust charter, highlighting the increasingly evident trend of industry compliance. In terms of investment and financing, 10 deals were completed last week totaling $34.2 million, primarily concentrated in the DeFi and infrastructure sectors. Among them, OpenTrade completed a $17 million funding round to accelerate the development of institutional-grade stablecoin yield infrastructure; OnRe secured a $5 million Series A round to advance its Solana-based tokenized reinsurance product offerings.
ahead of the release of the April US CPI data, the crypto market rally has temporarily stalled. Bitcoin has been oscillating within the $80,000 to $82,000 range recently, failing to break out effectively since last Wednesday. Market participants believe that while capital flows still point to the potential for a future breakout, inflation and macroeconomic risks are weighing on risk appetite.The United States will release the April Consumer Price Index (CPI) at 8:30 PM Beijing time tonight. According to FactSet data, the market expects April CPI to rise 3.7% year-over-year, up from 3.3% in March. If this forecast materializes, it would mark the largest increase since January 2024 and be significantly higher than the average of 2.7% over the past 12 months. Core CPI is expected to rise 2.7% year-over-year, up from the previous 2.6%.Analysts are concerned that against a backdrop of high oil prices and Trump's characterization of the US-Iran ceasefire as "extremely fragile," inflation data exceeding expectations could further trigger risk-off sentiment in the markets, dragging down risk asset performance.Lukman Otunuga, Head of Market Research at FXTM, stated that the market is entering a sensitive phase where geopolitical risks, inflation concerns, and central bank expectations are intertwined. High oil prices, uncertainties surrounding the Iran situation, and key US economic data could drive increased volatility in commodities, currencies, and global stock markets.Beyond macroeconomic factors, XRP and SOL are also approaching key supply zones again. XRP tested $1.50 today, but this level has repeatedly failed to be breached since February this year; SOL is once again nearing the resistance zone around $97.Meanwhile, institutional interest in related assets is heating up. The US spot XRP ETF recorded net inflows of $25.8 million on Monday, the highest since January 5th. Bitcoin and Solana ETFs also maintained net capital inflows, while the Ethereum ETF saw net outflows of $16.9 million. (CoinDesk)
Bitget released its April 2026 transparency report, detailing the latest developments in its core businesses, including tokenized stocks, AI trading infrastructure, and IPO Prime. Data shows that in April, Bitget's average daily trading volume remained stable above $10 billion. According to DefiLlama statistics, its net inflow for the month reached $359.37 million, ranking second among centralized exchanges. Furthermore, Bitget secured the second position globally in stock perpetual futures market share for the first quarter.On the product ecosystem front, the adoption rate of AI trading tools such as GetAgent, GetClaw, Agent Hub, and Gracy AI continues to rise, empowering users with intelligent trading experiences through the UEX system. In terms of innovative products, Bitget launched IPO Prime, a subscription service for US stock IPOs, extending the product boundaries of UEX into the primary market. According to rwa.xyz data, its first-phase projects ranked third globally among tokenized private equity and VC assets.
According to an analysis released by CryptoQuant-certified analyst MorenoDV_, the Bitcoin Bull-Bear Market Cycle Indicator has just generated its first “Early Bull Market” signal since March 2023. Historically, when this indicator transitions from the bear market zone into the early bull market zone, it typically signals that the worst phase of correction is over and that market structure is beginning to recover—similar signals appeared after deep bear markets in early 2019 and early 2023, both of which preceded stronger upward trends. However, this signal should not be interpreted uncritically. In March 2022, the indicator also entered the early bull market zone, yet price subsequently faced rejection—indicating a local top rather than the start of a new bull market. Analysts note that Bitcoin is no longer behaving like a deep bear-market asset, and the rebound in its 30-day moving average suggests improving underlying momentum. At the same time, however, multiple other market indicators are already showing signs of weakness, making this signal less clear-cut than classic early-cycle confirmations. The analyst leans toward interpreting this signal as more likely indicating a local top—unless strong price follow-through confirms the bullish thesis—rather than the onset of a new bull market.
Bloomberg ETF analyst Eric Balchunas posted on X that the prediction market ETF was not launched today as originally scheduled, as the U.S. Securities and Exchange Commission (SEC) has decided to conduct further reviews of related products.Eric Balchunas stated that the delay "is not a fatal issue" at this point, but rather suggests that regulators want to conduct additional scrutiny on the disclosure documents. He noted that such products are groundbreaking and, once approved, will set an important regulatory precedent for prediction market ETFs, so it is understandable that the SEC wants to dedicate more time to review them.
CoinShares data shows crypto funds saw net inflows of $858 million last week, marking the fifth consecutive week of inflows and the largest single-week inflow since the end of April. Among them, Bitcoin funds attracted over $700 million in a single week, with year-to-date inflows reaching $4.9 billion, indicating sustained growth in institutional investor demand for the crypto market.Market analysis suggests that positive expectations related to the "Clarity Act" have driven an improvement in institutional sentiment. Currently, BTC prices remain above the $80,000 mark, with the market watching for a potential breakout of the 200-day moving average near $82,000. Marex analysts point out that if Bitcoin manages a daily close above $82,000 accompanied by stable spot buying, it could initiate a new upward trend.In the altcoin space, SUI rose 12% in 24 hours to $1.26. Mysten Labs co-founder Adeniyi Abiodun revealed that Sui plans to launch confidential transaction features this year to support fee-free private payments. Additionally, Nasdaq-listed Sui Group Holdings (SUIG) previously announced that it has staked most of its reserve SUI, effectively reducing the circulating market supply by approximately 2.7%. (CoinDesk)
: Crypto analyst Axel Adler Jr stated that although Bitcoin rebounded after falling from around $125,000 to $60,000, the current trend remains a "repair after decline" and has not yet been confirmed as entering a new bull market cycle.He pointed out that from an on-chain data perspective, multiple key indicators have not yet entered the historical bear market bottom range. This includes the "Supply in Loss" and 90-day UTXO-related metrics, which have not yet shown a sufficient cyclical bottom structure. Meanwhile, the "LTH Realized Supply" has also not displayed the typical accumulation pattern seen at the end of a bear market, indicating that the market has not yet entered a deep reallocation phase.Additionally, spot selling pressure indicators have not shown obvious "capitulation selling", suggesting that a typical comprehensive market cleansing has not occurred during this decline. Axel Adler Jr believes that before improvements are seen simultaneously in on-chain structure, spot demand, and supply pressure, the current upward move is more likely a technical rebound rather than a trend reversal.On a macro level, he pointed out that the global risk environment remains tight. The conflict between the US and Iran has pushed Brent crude oil close to $100 per barrel, reigniting inflationary pressure. Consumer confidence and financial health indices are weakening, indicating pressure on the demand side. Meanwhile, US Treasury yields remain high, with real interest rates and inflation expectations rising concurrently, further suppressing risk asset valuations.He also mentioned that the leadership of the US Federal Reserve is about to enter a potential transition phase, but the interest rate market is no longer pricing in rapid rate cuts and has even begun to price in the probability of rate hikes. Market expectations have clearly shifted towards "higher for longer". In an environment of high oil prices, high interest rates, and uncertain monetary policy, overall financial conditions remain tight.Axel Adler Jr stated that the current market needs to wait for clearer on-chain bottom structures and signs of demand-side recovery. Until then, he maintains a cautious stance on the market outlook.
Bitcoin held above the $80,000 mark over the weekend, with no further significant decline in the market for now. However, market analysts believe that the short-term correction is not yet over. Cryptic Trades stated that current low-timeframe charts indicate that after encountering resistance near a high-timeframe resistance level, BTC is more likely to retest the "Bull Market Support Band" in the short term, which consists of two key moving averages located below $80,000. As long as BTC can hold this support band and the high-timeframe support zone around $75,000, the subsequent trend still leans towards an upward move.Additionally, some market analysis points out that Bitcoin's previous breakout above the bull market support band was "not clear-cut," and the market needs to consolidate firmly above the lower $80,000 region for one to two weeks to confirm a strengthening trend. (Cointelegraph)
Odaily News Circle announced that USDC stablecoin issuer Circle will release its first-quarter earnings report before the U.S. stock market opens on May 11, and will hold an earnings conference call at 8:00 PM Beijing time on May 11 to discuss financial results and business progress.Market expectations for Q1 revenue are approximately $715 million, down about 7% from $770 million in Q4 2025, and up approximately 11% year-over-year; GAAP earnings per share are expected to be $0.18, with adjusted earnings per share expected at $0.27. The average analyst price target is $144.36. Oppenheimer maintains a Buy rating with a target price of $152, while Needham also maintains a Buy rating but has lowered its target price from $190 to $130. Circle's market cap currently stands at $28.1 billion, with the stock price at $113.67.
on-chain analysis firm CryptoQuant stated that with the recent price increase, profit-taking activity in the Bitcoin market could increase further.Data shows that Bitcoin has risen over 20% since the beginning of April, but the firm still defines this market movement as a "bear market rally." Currently, the short-term holder profitability indicator has remained above 1, suggesting that the market has been in a phase of continuous profit-taking since mid-April.The analysis suggests that although selling pressure is rising, a price correction may still take time to materialize.
Bitcoin has fallen below the $80,000 mark, ending a five-day streak of net inflows into spot ETFs, with the market's rebound momentum from the February low showing signs of cooling.The US added 115,000 non-farm payroll jobs in April, surpassing the expected 62,000, while the unemployment rate held steady at 4.3%. Although the data was relatively strong, it did not significantly alleviate market concerns about macroeconomic uncertainty. Instead, it reinforced the expectation that "energy-driven inflation limits the scope for rate cuts."In terms of capital flows, spot Bitcoin ETFs saw net outflows of $277 million on Thursday, ending a cumulative inflow streak of $1.69 billion. Ethereum ETFs also recorded net outflows of $104 million on the same day, indicating a short-term cooling in institutional risk appetite.On the geopolitical front, tensions between Iran and the US have reignited, prompting the market to reprice the risk associated with the Strait of Hormuz. Crude oil prices have rebounded, partially offsetting the previous support that risk assets had gained from falling oil prices.The derivatives market, meanwhile, reflects a more prolonged hawkish outlook. Interest rate futures pricing suggests over a 50% probability of rate hikes persisting beyond 2027, pushing the potential easing cycle back to 2028.On-chain data shows that the recent Bitcoin rally was primarily driven by institutional spot buying and short covering, with retail participation remaining low. Funding rates have stayed moderate, indicating a relatively weak market momentum structure. Analysts suggest that if retail capital does not return, BTC may still face the risk of retesting the $75,000–$78,000 support range. (The Block)
According to CoinDesk, at the “Perp DEX Explosion: Bullish Volumes and Bear Market Resilience” panel at Consensus Miami, several industry insiders stated that institutional investors are still largely avoiding decentralized exchanges offering perpetual futures (Perp DEXs). Veteran trader Wizard of SoHo pointed out that Drift’s recent multi-million-dollar hack highlights security vulnerabilities in the DeFi ecosystem, making secure onboarding of institutional capital a core competitive focus for major Perp DEXs. Anderson of Canary Labs expressed concern about DeFi’s current security posture, noting that large institutions face significantly greater challenges adopting decentralized exchanges compared to centralized platforms. Additionally, the structural tension between DeFi’s permissionless, open design and institutions’ stringent KYC compliance requirements is seen as a key barrier to scaling adoption. Michaël van de Poppe, founder of MN Fund, shared his views on AI-powered trading tools, stating that AI agents represent an evolutionary extension of algorithmic trading—and that trading will increasingly become fully automated.
Odaily News: Garrett Jin, representative of the "BTC OG Insider Whale," published an analytical article titled "A Painted Ceasefire," warning crypto traders not to be lulled by the surface-level market trends. While the market appears stable, underlying risks are continuously building. He pointed out that following Trump’s visit to China, the window for a US-Iran military conflict could reopen at any time. This current ceasefire is merely a delay in confrontation, not the beginning of favorable developments. Market sentiment is currently highly optimistic, with Saudi Arabia and Iran reaching a cooperation memorandum, impressive earnings reports from tech companies, rising South Korean stocks, and Bitcoin approaching the $82,000-$83,000 range. However, macro-level hidden dangers are gradually emerging: a liquidity drought in large corporate transactions, airline bankruptcies, banks provisioning for potential war losses in advance, and Berkshire Hathaway’s cash reserves hitting a new all-time high. Garrett Jin predicts that late May could be a key turning point. If tech giants continue to exceed performance expectations, the risk window may be delayed until the July earnings season. (Garrettsignal)
Bitcoin briefly approached the key 200-day simple moving average (SMA) around $83,300 on Wednesday but failed to achieve a decisive breakout, subsequently falling back below $81,000. Meanwhile, the broader crypto market weakened, with the CoinDesk Smart Contract Platform Index falling over 2% in the past 24 hours, making it the worst-performing major sector. The 200-day moving average is widely regarded by the market as a key indicator for measuring long-term trends. If BTC can hold above this level, it would further reinforce the market narrative that the bear market, which saw prices fall below $63,000 in February, has ended and a new bull market has begun.However, a similar situation occurred historically in March 2022, when Bitcoin briefly broke above and tested the 200-day moving average before ultimately falling to around $20,000 by June of that year. As a result, some analysts are warning of the risk of a "fakeout."Analytics firm Marex stated that Bitcoin's ability to continue its upward trajectory depends on three factors: sustained spot buying pressure, a continued tightening of exchange supply, and a derivatives market that remains healthy without overheating. If all three factors align positively, Bitcoin could quickly open up the path towards the $85,000 range. Alex Kuptsikevich, Chief Market Analyst at FxPro, noted that this pullback appears more like a brief consolidation within an uptrend rather than an end to the trend. However, he also cautioned that the daily RSI had previously entered overbought territory, and similar instances in the past were accompanied by significant corrections.Additionally, the 10-year US Treasury yield has fallen to 4.32% from its early-month high of 4.46%, which is viewed as a potential positive factor for risk assets. (CoinDesk)
According to CoinDesk, Bitcoin has risen from approximately $63,000 to over $80,000 in the past three months, with multiple key indicators now converging on an $85,000 target. On-chain, BTC has broken above two critical support levels—the “Realized Market Value” ($78,200) and the “Short-Term Holder Cost Basis” ($79,100). Research firm Glassnode notes that the next resistance level lies near the Active Realized Price of $85,200. In the futures market, funding rates have shifted from negative to neutral, signaling a clear retreat of prior large-scale short pressure and rising risk of a short squeeze. In the options market, market makers hold roughly $2 billion in “short gamma” exposure near $82,000; rising prices will compel them to continuously hedge by buying BTC, generating positive feedback. However, analysts caution that Bitcoin remains highly correlated with U.S. tech equities—should equity markets shift toward risk-aversion, upward momentum could be dampened.
On X, on-chain analytics platform Bubblemaps stated that the token MYSTERY may have exhibited highly centralized control during its initial launch phase, describing it as a “textbook scam.” Bubblemaps disclosed data showing that approximately 90 newly created wallets seized roughly 90% of the token’s supply at launch and have since continuously dumped their holdings—generating over $100,000 in proceeds so far, while still retaining about 40% of the total supply. Additionally, the token’s launch featured clear “bundled distribution” and centralized control characteristics, and some KOLs promoting MYSTERY were reportedly paid to do so.
Tether’s official data reveals that Tether Gold (XAUT) continued its expansion in Q1 2026, with its total market capitalization surpassing $3.3 billion—driven by record-high gold prices and heightened macroeconomic uncertainty, which significantly increased investor demand for safe-haven assets. Tether’s quarterly data shows that its underlying gold reserves grew 36% quarter-on-quarter, reaching approximately 707,747 troy ounces as of March 31, fully backing the circulating XAU₮ tokens on a 1:1 basis with physical gold and supporting a total market capitalization of approximately $3.303 billion. Compared to roughly 520,000 troy ounces of gold reserves at the end of 2025, this quarter’s substantial increase in gold holdings reflects sustained capital inflows into digitized physical gold products.
Garrett Jin, agent representing the “1011 Insider Whale,” stated that Trump’s launch of the so-called “Project Freedom” is not a de-risking signal, but is more likely to act as a “fuse” for a new wave of uncertainty. Multiple factors are converging, including energy inventory pressures, enhanced regional military deployments, shifts in policy and legal environments, and tightening diplomatic pathways. Individually, these variables do not constitute definitive signals, but their concentration within the current time window may elevate market volatility risks. Overall, investors are advised to maintain a cautious and hedging mindset, paying close attention to the potential disruption of market sentiment by macroeconomic and geopolitical variables.Although the market has interpreted this move as a sign of easing tensions, driving risk assets higher, the underlying structure is more akin to a strategic framework of “limited engagement plus potential response.” The action primarily maintains shipping security through coordinated shipping lanes, insurance support, and military standby, rather than direct escort operations. This approach could, in fact, amplify reactions to specific triggering events.