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Ethereum shows mixed signals as trend strength weakens and key resistance tests loom. May 2025 could define ETH’s next major breakout or breakdown.
SUI meme coins are gaining traction as DEX volume surges, with leading tokens like SONIC, MIU, and FUD setting up for major moves in the fast-growing ecosystem.
Solana’s surge past 400 billion transactions boosts its network strength, but with momentum indicators cooling, SOL faces a critical support test near $145.
The SEC’s delay in approving the XRP Spot ETF and others has not caused significant market disruption, with analysts predicting final decisions by October.
IBIT’s gains stood out as broader Bitcoin ETFs saw mixed flows, showing selective investor demand.
The Trump International Hotel and Tower in Dubai will allow cryptocurrency payments for condos, with prices ranging from $1 million to $20 million. Eric Trump leads the project, aiming to merge real estate with the crypto world.
- 01:25Crypto Investor Pompliano Seeks to Raise $200 Million Through SPAC IPOPANews reported on May 1 that cryptocurrency investor Anthony Pompliano has filed for a $200 million SPAC IPO through ProCap Acquisition Corp, which he leads, with plans to list on Nasdaq under the ticker "PCAPU". This SPAC will target high-growth companies in the fintech and digital asset sectors, with Pompliano leveraging his social media influence and investment experience to drive the company's growth. Despite mixed performances of crypto SPACs in the past, Pompliano is betting that his network and early investment experience will make ProCap stand out.
- 01:25Tesla Board Initiates Process to Find Successor for CEO MuskAccording to a report by Jinse Finance, as reported by the Wall Street Journal: Tesla (TSLA.O) board initiates the process of finding a successor for CEO Elon Musk.
- 01:14Weak U.S. Economic Data May Prompt Fed to Turn Dovish, Bitcoin Could BenefitBlockBeats reports that on May 1, according to TheBlock, Bitcoin briefly fell below the $94,000 mark on Wednesday following the release of U.S. macroeconomic data, with an intraday decline of 1%. Major altcoins like Ethereum and Solana also fell in tandem, with the total cryptocurrency market cap retreating nearly 4%. The U.S. economy contracted by 0.3% in the first quarter, below the expected growth of 0.2%. The core PCE for March rose 2.6% year-on-year, matching expectations but below the revised February figure of 3.0%. In April, ADP employment added 62,000 jobs, a significant drop from March's 147,000. 21Shares crypto investment expert David Hernandez pointed out, "Federal funds futures indicate that the market now expects the Federal Reserve to cut rates more than four times this year. In the context of slowing inflation and signs of economic recession, policymakers' balancing act will be key to market trends in the coming weeks." CoinPanel senior automation expert Kirill Kretov believes that rate cuts will benefit Bitcoin through a triple mechanism: a weaker dollar, improved liquidity, and declining Treasury yields. "The -0.3% GDP data combined with President Trump's increased pressure on the Federal Reserve significantly raises the probability of a dovish policy shift. In the current context of thin Bitcoin liquidity, even moderate capital inflows could drive prices up significantly." The market generally believes that weak economic data may force the Federal Reserve to start an easing cycle earlier than anticipated.