BNB，ETH，BTC

BSC生態系統保持強大。他開始促進生態模因項目。在他的評論和關注的影響下，Meme Coins Coins Bubb和Binance Chain上的Tat最近變得很受歡迎。

The Binance Smart Chain (BSC) ecosystem continues to flourish with the initiative of He Yi, partner at Binance, to promote the ecosystem's meme project. This initiative has sparked interest in meme coins on the Binance chain, particularly BUBB and TAT, which are already showing signs of popularity.

Binance Smart Chain（BSC）生態系統繼續隨著Binance合夥人Yi的主動性促進生態系統的模因項目而繼續蓬勃發展。該計劃激發了對二元連鎖店的模因硬幣的興趣，尤其是BUBB和TAT，它們已經顯示出受歡迎程度的跡象。

Meanwhile, the Solana ecosystem is also heating up with internal competition. Pump.fun has launched its native decentralized exchange, PumpSwap, while Raydium is developing a meme coin issuance platform called LaunchLab.

同時，Solana生態系統也隨著內部競爭而加熱。 Pump.Fun推出了其本地分散交易所Pumpswap，而Raydium正在開發一個名為LaunchLab的模因硬幣發行平台。

In other news, the U.S. Securities and Exchange Commission (SEC) has made an important decision, determining that Proof-of-Work (PoW) mining activities do not constitute the issuance of securities.

在其他新聞中，美國證券交易委員會（SEC）做出了重要決定，確定工作證明（POW）採礦活動不構成證券的發行。

At the same time, NYSE Arca has submitted an application to the SEC for changes to the Bitwise Ethereum ETF pledge rules. Robert Mitchnick, head of digital assets at BlackRock, said that the Ethereum ETF has performed mediocre since its launch in July last year, mainly due to the problem of not being able to obtain pledge income. In addition, Ripple CEO expects to launch the XRP ETF by the end of 2025, while Bitnomial announced the launch of the first XRP futures product in the United States regulated by the CFTC.

同時，紐約證券交易所ARCA已向SEC提交了一項申請，以更改以太坊ETF承諾規則。貝萊德（Blackrock）數字資產負責人羅伯特·米奇尼克（Robert Mitchnick）表示，自去年7月推出以來，以太坊ETF一直表現平庸，這主要是由於無法獲得承諾收入的問題。此外，Ripple CEO預計將在2025年底之前推出XRP ETF，而Bitnomial宣布推出了由CFTC監管的美國第一個XRP期貨產品。

QCP Capital analysis pointed out that the Fed's decision to reduce the quantitative tightening (QT) program from April provided an important upward catalyst for the market, which was one of the important factors that pushed the price of Bitcoin above $85,000. However, considering the Fed's expected three interest rate cuts in 2025 and the current differentiation of market sentiment, traders need to pay special attention to the performance of price support levels and do a good job of risk management.

QCP資本分析指出，美聯儲從4月起減少定量收緊計劃（QT）計劃的決定為市場提供了重要的向上催化劑，這是將比特幣價格提高到85,000美元以上的重要因素之一。但是，考慮到美聯儲在2025年的預期降低3次利率以及當前市場情緒的差異化，交易者需要特別注意價格支持水平的績效，並在風險管理方面做得很好。

At the same time, retail investor sentiment remains cautious. The latest survey of the American Association of Retail Investors (AAII) shows that bullish sentiment is only 21.6%, which is far below the historical average of 37.5%, while the bearish ratio is as high as 58.1%, which has remained above 57% for the fourth week.

同時，零售投資者的情緒仍然謹慎。對美國散戶投資者協會（AAII）的最新調查表明，看漲的情緒僅為21.6％，遠低於37.5％的歷史平均水平，而看跌比率高達58.1％，在第四周仍然保持在57％以上。

Here are some key data and market observations:

以下是一些關鍵數據和市場觀察：

* Bitcoin: $84,384.27 (-9.82% year-to-date), daily spot volume $24.648 billion

*比特幣：$ 84,384.27（-9.82％）

* Ethereum: $1,972.88 (-40.89% year-to-date), with a daily spot volume of $13.189 billion

*以太坊：$ 1,972.88（-40.89％至今），每日現貨量為1318.9億美元

* Fear and corruption index: 31 (fear)

*恐懼與腐敗指數：31（恐懼）

* Average GAS: BTC 2 sat/vB, ETH 0.44 Gwei

*平均氣體：BTC 2 SAT/VB，ETH 0.44 GWEI

* Market share: BTC 60.6%, ETH 8.6%

*市場份額：BTC 60.6％，ETH 8.6％

* Upbit 24-hour trading volume ranking: XRP, AUCTION, BTC, VANA, LAYER

* UPBIT 24小時交易量排名：XRP，拍賣，BTC，VANA，層

* 24-hour BTC long-short ratio: 0.9818

* 24小時BTC長短比率：0.9818

* Sector gains and losses: SocialFi sector rose 3.25%, RWA sector rose 2.48%

*部門的收益和損失：社會活動行業上漲了3.25％，RWA行業上升了2.48％

* 24-hour liquidation data: A total of 83,084 people were liquidated worldwide, with a total liquidation amount of US$191 million, including BTC liquidation of US$64.04 million and ETH liquidation of US$33.12 million

* 24小時清算數據：全球銷售總計83,084人，總清算金額為1.91億美元，包括BTC清算6404萬美元，ETH清算3,312萬美元

* Bitcoin ETF: $166 million

*比特幣ETF：1.66億美元

* Ethereum ETF: -$12,409,300

* Etherum ETF： - $ 12,409,300