ChainCatcher news, Coindesk analyst Oliver Knight stated that the current trend of Bitcoin is similar to that of 2021, which may form a "double top" structure. Key on-chain indicators include three bearish divergences in the weekly RSI (RSI is a technical indicator that measures overbought and oversold conditions, with bearish divergence indicating a decline in RSI while prices rise), low trading volume during breakouts, and divergence between futures open interest and price. Knight pointed out that despite the price reaching new highs, the overall upward momentum has significantly weakened.

ChainCatcher news, according to data from Dune and BscScan on May 9, the Binance Alpha project in the BNB Chain ecosystem has performed outstandingly: over 70% of the 121 Alpha projects are BSC tokens, with 38% being BSC native projects, covering popular sectors such as AI, Meme, and DeFi. The trading volume of BSC tokens accounts for about 40% of the total trading volume of Alpha; weekly trading volume surged by 122.5%, and weekly trading value increased by 78%, indicating strong ecological growth momentum.Among the top 20 trading Alpha tokens, half are BSC native projects. In the top 10 Alpha tokens with new active users, 90% are BSC tokens, with 6 projects having new user proportions exceeding 20%; on-chain data for BSC has also surged: approximately 4.3 million new users in the past week, with the number of new addresses exceeding one million for two consecutive days, active addresses surpassing 2 million, and the total number of independent addresses on BSC reaching 552 million.Currently, 12 BSC project tokens have been listed on Binance spot trading through Alpha, forming a positive ecological cycle. In addition, an ongoing BSC Alpha trading competition is distributing rewards, counting double towards trading volume, and holding certain BSC Meme tokens qualifies for Binance airdrops.Thanks to low gas fees, high performance, and a large user base, BNB Chain is forming deep synergy with Binance Wallet and Alpha, becoming a core platform for project incubation, user growth, and wealth effect.

ChainCatcher news, according to Arkham monitoring, Mechanism Capital co-founder Andrew Kang (@Rewkang) doubled his Bitcoin position this morning, holding Bitcoin worth $200 million, with profits reaching $6.8 million.

ChainCatcher news, according to the Blockworks data dashboard, Solana's liquid staking rate has doubled in a year.Among them, Jito significantly leads with a market share of 34.6%, ahead of Binance's bnSOL (18.8%) and Marinade's mSOL (10.3%).

ChainCatcher news, according to The Block, Defiance ETFs has submitted a new fund application to launch the "Defiance MSTR Double Short Hedged ETF," which will short two ETFs tracking the Strategy (formerly MicroStrategy) with 2x leverage on an intraday basis (long and short), in order to profit from the volatility decay effect brought by holding leveraged products for the long term.

ChainCatcher news, the token issuance platform CoinList announced that it will hold a token sale event for DoubleZero. The DoubleZero token, named 2Z, will be offered to qualified investors in the United States. This is also the first time in over five years that CoinList has offered tokens to participants in the U.S. (the last time was the Kadena token sale in 2019).

ChainCatcher news, Real Vision's chief cryptocurrency analyst Jamie Coutts posted on the X platform that the tokenized market size has doubled in the past 12 months, reaching $19 billion.Among them, the tokenization size of private credit has grown 1.7 times, reaching $12 billion; the tokenization size of U.S. Treasury bonds has grown 4 times, reaching $4 billion; and the tokenization size of stocks has grown 70 times, reaching $450 million.He added that 75% of these assets under management (AUM) are managed on Ethereum or its Layer 2 blockchains.

ChainCatcher news, Bitcoin continues its previous downward trend, dipping to $83,387. During the same period, U.S. stocks faced intensified sell-offs, with the Dow Jones plummeting 700 points and the S&P 500 index dropping 112 points, evaporating a trillion dollars in market value in a single day. The market attributes the panic to the February core PCE price index unexpectedly rising to 2.8%, compounded by the Trump administration's announcement of a 25% tariff on imported cars, creating a chain reaction in the market.On the technical front, a double top pattern has triggered a sell warning. Trader Peter Brandt has issued a warning that the BTC daily chart has formed a "bearish wedge," with the double top pattern establishing a target of $65,635. Crypto trader HTL-NL agrees with Brandt's view, believing that Bitcoin's failure to "break" the long-term downtrend line and confirm the bearish wedge pattern is evidence that BTC is likely to revisit its range low, technically confirming a continuation pattern for the decline.

ChainCatcher news, according to Cointelegraph, Professor Yu Xiong, Dean of the School of Blockchain and Metaverse Applications at Surrey University, conducted an in-depth analysis of the inclusion of cryptocurrencies in national-backed reserves, calling it a "double-edged sword" with clear advantages and disadvantages.Xiong pointed out that the main advantage of a multi-asset reserve is the provision of more diverse options, reducing over-reliance on Bitcoin, which currently accounts for about half of the total cryptocurrency market capitalization. "The DeFi ecosystem of Ethereum (with a total locked value of about $50 billion) and the high-speed transactions of Solana (65,000 TPS) represent technological diversity." He added that the inclusion of altcoins also acknowledges the broader application scenarios of blockchain, such as Ukraine raising $135 million in crypto donations through coins like ETH and SOL after being invaded by Russia in 2022.However, Xiong emphasized several potential risks. The first is regulatory uncertainty, as the SEC is still in litigation with Ripple, "the government holding these tokens may face opposition." The second is liquidity risk; due to the low trading volumes of these coins, government purchases or sales could lead to significant price surges or drops. In the last 24 hours, Bitcoin's trading volume was $54.8 billion, while ETH was $23.4 billion, XRP was $5.5 billion, SOL was $5.4 billion, and ADA was $3.6 billion, which may indicate that some altcoins "lack the depth for large-scale reserves."Regarding concerns about market manipulation, Xiong stated, "The market disruption caused by the U.S. Treasury's sale of 30,000 Silk Road Bitcoins in 2014 was minimal, but today, selling 3% of the Bitcoin supply (about $5.5 billion) could lead to a 15% price drop."On the potential impact of U.S. crypto reserves, Xiong believes it will provide strong support for the crypto and blockchain industry, marking an increase in institutional acceptance and accelerating the adoption of traditional financial companies, similar to how BlackRock attracted $18 billion in assets under management within six months after launching a Bitcoin ETF. He stated, "U.S. reserves may mimic the role of the Strategic Petroleum Reserve in energy security, positioning cryptocurrencies as geopolitical tools."Xiong also warned that the crypto market remains fragile, with Bitcoin's annualized volatility fluctuating between 30% and 60% over the past year, while oil volatility is below 35%. Higher volatility raises concerns about manipulation or unintended market distortions.Regarding the impact of U.S. crypto reserves on the crypto and blockchain industry, Xiong summarized it as "short-term optimism, long-term caution," believing it could provide "cover" for institutional investors like pension funds. "If the U.S. government deems it appropriate, then corporate treasuries and institutional investors may also find it appropriate. The $50 trillion managed by pension funds and insurance companies globally may increase their allocation to cryptocurrencies," Xiong stated, similar to the situation after the approval of Bitcoin ETFs in early 2024.

ChainCatcher message, according to Arkham data, Trump's decentralized finance (DeFi) platform World Liberty Financial (WLFI) significantly increased its holdings when ETH recently dropped below $2,000, adding approximately $10 million in ETH within a week, bringing the total holdings to 66,239 ETH, with a market value of about $225 million.In addition, WLFI also purchased $10 million in wrapped Bitcoin (WBTC) and $1.5 million in Movement Network (MOVE) tokens. However, Lookonchain data shows that WLFI has unrealized losses exceeding $89 million on the nine tokens it has invested in.

ChainCatcher news, the game AI agent iAgent Protocol announced the completion of a $3 million financing round, with participation from Japanese blockchain gaming company double jump.tokyo, IBC Group, PG Group, Alliance, Cointribune, and others. The new funds will support the construction of an "infrastructure layer" for on-chain AI agents, allowing gamers to utilize decentralized GPU computing power to train their own AI agents and earn token incentives.

ChainCatcher news, according to CoinDesk, sources revealed that DoubleZero Foundation has secured $28 million in its latest funding round, with a valuation of $400 million, and is currently seeking additional investment at a valuation of $600 million. This round of funding was led by Dragonfly and Multicoin Capital. DoubleZero declined to comment on this matter.DoubleZero is building a global private fiber network to enhance blockchain data transmission efficiency and reduce latency. It has opened its testnet to Solana validators and plans to expand to more public chains. The network integrates private lines from institutions such as Jump Crypto, RockawayX, and Latitude.

ChainCatcher message, 1confirmation founder Nick Tomaino posted on X stating, "The biggest question for any investor regarding ETH is: Is it more like BTC, or is it more like XRP, ADA, SOL, and other altcoins? BTC extremists believe ETH is just another altcoin, while altcoin supporters argue that ETH is closer to them, but with inferior technology.1confirmation will continue to double down on ETH, as the only two credible, neutral, and sufficiently decentralized ecosystems in the world are Bitcoin and Ethereum. This gives them unique social scalability. The market may not care about social scalability in the short term, but in the long run, it will become crucial."

ChainCatcher news, according to Bitcoin News, the California State Teachers Retirement System's (CSTRS) holdings in MicroStrategy (MSTR) have doubled, currently valued at $83 million.

ChainCatcher message, according to the latest 13F filing submitted by Goldman Sachs on Tuesday, it increased its holdings in the two largest spot Bitcoin ETFs in Q4 2024.As of December 31 last year, Goldman Sachs held $1.27 billion (or 24.07 million shares) of BlackRock's IBIT, an increase of 88% quarter-over-quarter.Goldman Sachs also increased its holdings in the Fidelity Wise Origin Bitcoin Fund, holding $288 million of FBTC (3.5 million shares), an increase of 105% quarter-over-quarter. Goldman Sachs also reported smaller Bitcoin ETF positions, which either decreased or were closed out.It is understood that institutional investment managers managing at least $100 million in stock assets submit 13F reports to the U.S. SEC each quarter. These reports are required to be submitted within 45 days after the end of each quarter to provide insight into the managers' stock holdings.