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price

Dan Bin: Circle has been established, and its stock price is expected to welcome a new round of increase

Renowned investor and chairman of Shenzhen Oriental Harbor Investment Management Co., Ltd., Dan Bin, stated on social media, "Due to a strong recommendation from researchers, I have made a small investment in Circle Internet Group (CRCL.US). CRCL surged significantly on Monday, becoming one of the standout performers in the U.S. stock market that day. The core catalyst for this surge is the key progress of the U.S. CLARITY Act, which has reached a compromise on stablecoin regulatory provisions in the Senate, clearing the main differences for the advancement of the bill and completely resolving the long-term regulatory uncertainties in the industry, opening up long-term growth space for compliant stablecoin leaders like Circle.The market generally expects that as the regulatory framework is implemented, the compliance advantages of USDC will be further strengthened, with market share likely to continue to increase in emerging scenarios such as cross-border payments and AI intelligent transactions. On the fundamental side, Circle's core business is entering an explosive growth phase. The circulation of USDC it issues has surpassed $79 billion, setting a historical high, and the interest income from reserve assets has significantly increased. The company's profit expectations for the first quarter of 2026 are clear, and the fundamental performance continues to solidify.At the same time, a new industry narrative of AI + stablecoins is emerging, with USDC as the base currency for on-chain transactions, and its value positioning is being comprehensively upgraded. The market is continuously advancing the valuation reshaping process from "crypto cyclical stocks" to "Web3 + AI infrastructure targets." In addition, the overall sentiment in the crypto market is warming up, adding further momentum to stock price increases. Bitcoin once broke through the $80,000 mark, driving a collective strengthening of crypto concept stocks, with market liquidity and risk appetite significantly increasing, and funds accelerating their entry into the market. CRCL, as a core target in this sector, is favored by capital.Moving forward, two key points need to be closely monitored: first, the release of the first-quarter financial report data on May 11, which will verify the performance realization; second, the final implementation rhythm of the stablecoin bill. If the regulatory and fundamental logic continues to be realized, CRCL is expected to welcome a new round of valuation increases."

first_img Buffett on Wall Street's speculative frenzy: The current market is like a church with a casino attached, which could lead to a long-term high in asset prices

According to Gelonghui, Buffett responded in an exclusive interview with CNBC regarding "Berkshire currently holding about $380 billion in cash, and the market is highly concerned about why it has not made large-scale acquisitions or investments": the prices are too high, and there are too few targets.Buffett stated, "Now is not our ideal environment for deploying cash for Berkshire." He emphasized that the company has the right management team to selectively choose opportunities: "Sometimes we do nothing, but sometimes we are very active."When discussing the current macro stock market environment, Buffett used the metaphor of "a church with a casino" to describe the speculative atmosphere on Wall Street. People can move between the church and the casino, with more people in the church than in the casino, but the casino has become very attractive to people.He pointed out, "If you are buying and selling single-day options, that is not investing, nor is it speculation; it is outright gambling." Referring to a recent case where a U.S. soldier used confidential information about military operations in Venezuela to profit $400,000 in the prediction market, he said: unless one knows when we will strike into Venezuela like that person, no one can explain why they would buy a one-day option; the number of such occurrences is astonishing.We have never encountered a crowd with a greater propensity for 'gambling' than now. Buffett further noted that the surge in gambling enthusiasm does not necessarily mean the market will collapse, but it will lead to a long-term high price for many assets.

Analysts say that Bitcoin's return to $100,000 does not require a new narrative; as prices rise, the narrative will naturally emerge

MN Trading Capital founder Michael van de Poppe stated that Bitcoin may not need a new story or catalyst to drive it back to $100,000—Bitcoin has not reached that price for nearly five months. In a post on X on Friday, van de Poppe posed the question, "What kind of narrative can push Bitcoin to $100,000?" He then stated, "No narrative is needed to push the price." He added, "Prices rise, and narratives will emerge. That’s why relying solely on math, statistics, and logic is enough to win, and why the current ranges of Bitcoin are still good accumulation zones."Many participants in the crypto market still believe that Bitcoin needs a strong narrative to drive prices upward. Recently, the market's focus has been on potential catalysts such as the Federal Reserve's interest rate decisions, regulatory progress in the U.S., and inflows into spot Bitcoin ETFs. Some participants also pointed to the potential passage of the CLARITY Act as a factor that could drive Bitcoin upward. However, veteran trader Peter Brandt stated that the CLARITY Act is a positive step for the industry but is unlikely to be the main catalyst for pushing Bitcoin prices higher. Brandt said, "Is this a macro development that shakes the world? No. It's certainly necessary, but it is not an event that should redefine value." Meanwhile, White House crypto advisor Patrick Witt stated this week at the Bitcoin conference in Las Vegas that a "major announcement" regarding President Trump's Bitcoin reserves will be made in a few weeks.

Analyst: The nominal value of $2.14 billion in options will expire, with Bitcoin performing significantly better in both price and popularity compared to the last three months

According to data from Greeks.live, a total of 23,000 BTC options are set to expire, with a Put Call Ratio of 1.13, a maximum pain point of $76,000, and a nominal value of $1.74 billion. Additionally, 175,000 ETH options will also expire, with a Put Call Ratio of 0.94, a maximum pain point of $2,325, and a nominal value of $400 million.Greeks.live analyst Adam stated that this week's market fluctuations are small, with Bitcoin hovering around $78,000, and market sentiment gradually becoming calmer. The short-term RV has significantly decreased, combined with monthly settlements releasing nearly a quarter of the position margin, leading to a noticeable decline in the implied volatility of major expiration options this week. The major expiration IV of Bitcoin has fallen below 40%, while the major expiration IV of ETH has decreased even more, with short-term IV dropping below 50% and medium to long-term also falling below 60%. From the main options data, the Skew remains relatively stable, and the market's directional sentiment remains slightly bearish. This week, only 6% of options are expiring, with about 25% of positions at the end of the month and about 30% of positions at the end of June. Block trades are relatively inactive, all of which are signals of consolidation. In April of this year, Bitcoin performed significantly better in both price and popularity compared to the previous three months, but the altcoin market has seen limited recovery. Currently, the focus is mainly on Bitcoin, and trading altcoins will require further waiting.

Robinhood's Q1 crypto revenue halved, and its stock price fell by 13%. Visa's stablecoin settlement network expanded to nine chains with an annualized scale of $7 billion. Senator Lummis confirmed that the CLARITY Act will undergo markup in May

According to BBX data, yesterday the earnings season for cryptocurrency-related stocks and the expansion of stablecoin infrastructure advanced simultaneously, with the following key developments:Robinhood Markets, Inc. (NASDAQ: $HOOD) released its Q1 2026 earnings report and submitted SEC Form 8-K after the market closed on April 28: total revenue of $1.07 billion (up 15% year-over-year), below the analyst consensus expectation of $1.14 billion; adjusted EPS of $0.38, slightly lower than the consensus of $0.39; cryptocurrency trading revenue plummeted 47% year-over-year to $134 million (compared to $252 million in the same period last year), with cryptocurrency trading volume also declining 48% to $24 billion, marking the third consecutive quarter of declining cryptocurrency revenue. Meanwhile, revenue from event contracts (prediction markets) surged 320% year-over-year to $147 million, surpassing cryptocurrency revenue for the first time to become the largest source of trading revenue, with a record contract volume of 8.8 billion for the quarter; affected by the earnings report, $HOOD fell about 13.24% to $71.20 yesterday.Visa Inc. (NYSE: $V) announced on April 29 through an official BusinessWire press release that five new blockchains—Arc, Base, Canton, Polygon, and Tempo—have been added to its global stablecoin settlement pilot, expanding the total supported network to nine (previously Ethereum, Solana, Avalanche, Stellar); the annualized scale of stablecoin settlements reached $7 billion, a 50% increase from the previous quarter. The pilot allows issuing banks and acquiring banks to settle using stablecoins instead of traditional banking rails, currently covering over 50 countries and more than 130 stablecoin-related card projects, and has expanded to USDC settlements with U.S. banks.Senator Cynthia Lummis publicly confirmed on April 29 that the markup for the CLARITY Act in the Senate Banking Committee is scheduled for May 2026; at the same time, the SEC announced it will hold a roundtable discussion on May 3 regarding issues related to the CLARITY Act, further clarifying the signals of coordination between regulatory and legislative bodies to accelerate the process, providing an official timeline endorsement for the previously anticipated "end of May" market expectations.
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