BNB，ETH，BTC

BSC生态系统保持强大。他开始促进生态模因项目。在他的评论和关注的影响下，Meme Coins Coins Bubb和Binance Chain上的Tat最近变得很受欢迎。

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）生态系统继续随着Binance合伙人Yi的主动性促进生态系统的模因项目而继续蓬勃发展。该计划激发了对二元连锁店的模因硬币的兴趣，尤其是BUBB和TAT，它们已经显示出受欢迎程度的迹象。

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.

同时，Solana生态系统也随着内部竞争而加热。 Pump.Fun推出了其本地分散交易所Pumpswap，而Raydium正在开发一个名为LaunchLab的模因硬币发行平台。

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.

在其他新闻中，美国证券交易委员会（SEC）做出了重要决定，确定工作证明（POW）采矿活动不构成证券的发行。

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.

同时，纽约证券交易所ARCA已向SEC提交了一项申请，以更改以太坊ETF承诺规则。贝莱德（Blackrock）数字资产负责人罗伯特·米奇尼克（Robert Mitchnick）表示，自去年7月推出以来，以太坊ETF一直表现平庸，这主要是由于无法获得承诺收入的问题。此外，Ripple CEO预计将在2025年底之前推出XRP ETF，而Bitnomial宣布推出了由CFTC监管的美国第一个XRP期货产品。

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资本分析指出，美联储从4月起减少定量收紧计划（QT）计划的决定为市场提供了重要的向上催化剂，这是将比特币价格提高到85,000美元以上的重要因素之一。但是，考虑到美联储在2025年的预期降低3次利率以及当前市场情绪的差异化，交易者需要特别注意价格支持水平的绩效，并在风险管理方面做得很好。

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.

同时，零售投资者的情绪仍然谨慎。对美国散户投资者协会（AAII）的最新调查表明，看涨的情绪仅为21.6％，远低于37.5％的历史平均水平，而看跌比率高达58.1％，在第四周仍然保持在57％以上。

Here are some key data and market observations:

以下是一些关键数据和市场观察：

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

*比特币：$ 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），每日现货量为1318.9亿美元

* Fear and corruption index: 31 (fear)

*恐惧与腐败指数：31（恐惧）

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

*平均气体：BTC 2 SAT/VB，ETH 0.44 GWEI

* Market share: BTC 60.6%, ETH 8.6%

*市场份额：BTC 60.6％，ETH 8.6％

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

* UPBIT 24小时交易量排名：XRP，拍卖，BTC，VANA，层

* 24-hour BTC long-short ratio: 0.9818

* 24小时BTC长短比率：0.9818

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

*部门的收益和损失：社会活动行业上涨了3.25％，RWA行业上升了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小时清算数据：全球销售总计83,084人，总清算金额为1.91亿美元，包括BTC清算6404万美元，ETH清算3,312万美元

* Bitcoin ETF: $166 million

*比特币ETF：1.66亿美元

* Ethereum ETF: -$12,409,300

* Etherum ETF： - $ 12,409,300