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DOGE $0.0976 -0.10%
ADA $0.2547 +1.64%
BCH $450.30 +1.72%
LINK $9.43 +1.32%
HYPE $43.45 -3.46%
AAVE $113.74 +6.14%
SUI $0.9889 +1.07%
XLM $0.1661 +3.72%
ZEC $335.43 -1.32%

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Tom Lee: The net effect of the war on the U.S. economy is positive, and the market has begun to price in favorable outcomes

Tom Lee, chairman of BitMine, a company in the Ethereum treasury, stated in an interview with CNBC, "The reason the stock market remains resilient is that even in the face of war, the economy is actually performing better than expected." He pointed out that defense spending is currently about $30 billion per month and could rise to $60 billion per month in the future, which has a significant stimulating effect on the economy; meanwhile, the rise in oil prices by $20 per month only adds about $12 billion in burden to households, "Overall, the war is actually helping corporate profits right now."Tom Lee cited historical precedents, saying, "Looking back at World War II, the stock market bottomed out in May 1942, just five months after the U.S. entered the war, and at that time, no American troops had even set foot on the European or Pacific battlefields." He believes, "The market is very good at pricing in outcomes ahead of time; the current rise in the stock market means that the market is pricing in a favorable outcome, although I can't clearly articulate the specific reasons, but that's the signal conveyed by the market's performance."Regarding the three major variables in the current market— the Iran war, corporate earnings reports, and interest rates—Tom Lee stated, "Among the three, only war can create tail events in both directions, so this is the variable that deserves the closest attention." In terms of sector allocation, he remains bullish on the energy sector and pointed out that energy security is one of the most important structural themes in recent years.

Analysis: Affected by the bear market, 21 cryptocurrency projects announced closures or service reductions

According to statistics from DeFi analysts, affected by the bear market, 21 cryptocurrency projects have recently announced closures or significant reductions in services, covering the fields of DeFi, NFT, wallets, and gaming.Among them, Leap Wallet will completely shut down all products on May 28, and users need to migrate their assets to Keplr or MetaMask as soon as possible. Magic Eden has decided to close ME Wallet and focus on the NFT market and infrastructure on Solana, with the wallet ceasing operations on May 1. Fantasy Top plans to take non-core functions offline in mid-June to concentrate resources on prediction market games.In the DeFi sector, Angle Protocol has stopped its stablecoin business due to reduced activity and increased competition, while ZeroLend and Polynomial Finance have scaled back services due to insufficient liquidity and low trading volume. The NFT platforms Nifty Gateway and Sound.xyz have closed some operations due to market changes and strategic adjustments.In addition, gaming projects like Runiverse and Pixiland Social have paused blockchain-related operations due to high development costs and regulatory uncertainties, while projects like Dmail, Yupp AI, and DataHaven have been forced to exit due to funding issues or market changes.Analysts believe that this industry reshuffle is a necessary reconfiguration of the market, and Web3 projects that prioritize actual utility and sustainable economic models will be more competitive in the future.

Gate 2026 Q1 key data for spot listing: Continuously providing effective opportunities in a weak market, with a 35.7% exclusive project weekly increase exceeding 100%

Gate Research Institute released the "Gate Q1 2026 Key Data on Spot Listings," which analyzes the market performance of 37 new asset samples launched in Q1 across multiple time windows from 5 minutes to 7 days. The report indicates that in an environment where the market is under pressure and project differentiation is intensifying, new listings are not only a means to acquire project resources but also a comprehensive test of the platform's selection capability, liquidity organization, and price discovery efficiency.From the supply structure perspective, leading exchanges launched a total of 48 new projects in Q1, with Gate covering 37 of them, achieving a coverage rate of 77.1%. Among these, the proportion of initial listings is 73%, and the proportion of exclusive listings is 37.8%. In terms of post-listing performance, the percentage of new coins that increased in multiple time windows remained above 50%, with median returns of +9.3% for 24 hours and +10.0% for 3 days.Structurally, the average increase for initial listing projects reached 502.8% on the first day and 440.7% over 3 days, while non-initial listing projects achieved a 90% success rate for increases within 24 hours. Exclusive projects had a 71.4% success rate for increases within 72 hours, with a median return of +37.8%. Overall, Gate still demonstrates strong capabilities in project acquisition, selection, and result realization even in a weak market.
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