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Previously, David Hoffman, co-founder of Bankless, which officially announced the liquidation of ETH, expressed the view that the current Bitcoin price is just at the 200-week moving average (MA).Reviewing the historical market, BTC only effectively broke below this moving average during the bear market phase triggered by the consecutive collapses of Terra, Three Arrows Capital, and FTX, which was also a highly destructive systemic crisis in the history of the crypto industry.In his opinion, the market risks brought by the convertible bonds and other operations launched by Michael Saylor's Strategy do not reach the level of harm caused by the previous series of collapses. In addition, he disclosed the cost of his holdings again, with the cost of NEAR at about $1.4, HYPE at about $45, and ZEC at about $560.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "French Open ATP: Rafael Nadal vs. Alexander Zverev," the sub-market "French Open ATP: Rafael Nadal vs. Alexander Zverev spread +/-1.5" saw the winning probability of the "Zverev" option fluctuate dramatically, dropping from 61.5% an hour ago to the current 44.5% (a fluctuation of 17%). Please note the impact of related breaking news.

According to Cointelegraph, Federal Reserve Governor Christopher Waller and Bank of England policymaker Megan Greene expressed starkly different views on the prospects of stablecoins at the Dubrovnik Economic Conference. Waller stated that the growth in the use of dollar-backed stablecoins could enhance the global influence of U.S. monetary policy, describing stablecoins merely as payment tools, "neither evil nor dangerous," and only bringing competition to the payment sector.Greene, on the other hand, held an opposing view, believing that tokenized deposits could replace stablecoins within a few years, stating, "In five years, we might wonder why we were talking about stablecoins." Greene compared central bank digital currencies to "turtles," stablecoins to "rabbits," and tokenized deposits to "rhinos," predicting that the rhino would ultimately prevail.

According to CNN, officials stated that after meeting with advisors on Friday, Trump made modifications to the proposed agreement with Iran, which will extend the negotiation process by another week. The specific modifications requested by Trump are unclear, but officials indicated that the president insists on including tougher language regarding Iran's nuclear commitments and guarantees for the reopening of the Strait of Hormuz. There are also concerns about the economic relief measures that the agreement might provide to Iran.Additionally, Trump previously stated that the U.S. would take over and destroy Iran's stockpile of highly enriched uranium, and he mentioned that the agreement does not involve any exchange of funds. However, the Iranian side stated that the current negotiations do not involve details of the nuclear program and insists that any agreement must include arrangements related to funding. It remains unclear how these differences will be resolved as both sides continue to bargain over the wording of the agreement.

According to Bitcoin News, Greek politician and former finance minister Yanis Varoufakis admitted that he once held 2,000 bitcoins.Yanis Varoufakis stated that he later donated all of his bitcoins due to his disagreement with the ideology represented by bitcoin.

CloverPool data shows that the Bitcoin mining difficulty was adjusted at 18:29 at block height 951,552, with the mining difficulty increased by 1.72% to 138.96 T. Currently, the average hash rate across the network for the past seven days is 1.02 ZH/s.

According to CNBC, SpaceX officially submitted its IPO prospectus last week, but its CEO Musk recently posted on social media, revealing significant discrepancies between the details of the company's agreement with Anthropic for computing power rental and the content of the prospectus.The prospectus shows that the cooperation between the two parties will last until 2029, with a monthly rent of $125 million; however, Musk stated that the agreement is only a short-term lease of 180 days, and both parties can terminate the cooperation with 90 days' notice.This discrepancy makes it difficult for investors to assess the company's valuation, and industry experts have raised questions about the regulatory compliance of the information disclosure. Additionally, analysts pointed out that the prospectus is missing several key data points.SpaceX is expected to go public on June 12, with the company's valuation currently exceeding $1 trillion, and it continues to operate at a loss.

Bankless founder David Hoffman explained his reasons for liquidating his ETH holdings in a post on X.Hoffman wrote: "I remain extremely optimistic about the Ethereum network and the entire ecosystem ------ Ethereum's architectural design exists to maximize the success probability of its applications, L2, and ecosystem. The 'fat-app' theory means that applications on Ethereum can capture the vast majority of transaction fee revenue; while the 'Rollup-centric' roadmap means that L2 can achieve profit margins of up to 97%.However, for the asset ETH itself, I find it increasingly difficult to see it being repriced by the market on a structural level ------ whether upwards or downwards. Therefore, my selling of ETH is not because I am bearish on ETH, but because I believe the narrative of 'ETH is Money' has essentially played out. I hope to allocate my funds to other opportunities in the market that I see."

FTSE Russell has passed a rule change that will accelerate the inclusion of newly listed large-cap stocks into its main indices, coinciding with SpaceX's anticipated IPO in the coming weeks. According to the new policy, IPOs with an investable market capitalization exceeding the threshold of the Russell 5000 index will be eligible for fast-tracking after the fifth trading day following their listing. Previously, qualifying companies were only assessed during quarterly reviews.Arne Noack, Head of Americas Equity and Multi-Asset Indices at FTSE Russell, stated in a release, "Introducing a fast-track mechanism for large-scale IPOs allows the indices to more promptly reflect significant market developments." FTSE Russell is following Nasdaq's similar move earlier this year to accommodate potential mega IPOs, which has reduced the waiting period for index inclusion from at least three months to 15 days.

According to on-chain analyst Ai Yi's monitoring, the ESPORTS on-chain has a price difference of up to 45% with Binance contracts, and the funding rate is negative. The current on-chain price is $0.04072, the current Binance contract price is $0.0492, with a price difference of 20.8%. The reason is as follows: Currently, Gate, Mxc, and Bitget have all suspended token deposits, leading to a price difference between on-chain and centralized exchanges that cannot be arbitraged.The Binance contract price index references Gate (10.52%), Mxc (15.78%), Bitget (15.78%), PancakeswapV3 (52.63%), and Binance contracts (5.26%). When the latest price of a certain price source deviates from the median price of other prices by more than 3%, the value of that price source will be adjusted to 1.03 or 0.97 times. Due to the prices of other centralized exchanges being significantly higher than on-chain due to the suspension of deposits, the Binance contract price is distorted.

Mike Novogratz, the founder of Galaxy Digital, stated in court at the Delaware Chancery Court that the U.S. Securities and Exchange Commission (SEC) made it very difficult for the company’s $1.2 billion merger plan with BitGo in 2021. This merger was the largest cryptocurrency merger plan at the time. Galaxy Digital canceled the deal in August 2022, and BitGo is seeking $100 million in termination fees from Galaxy Digital.Mike Novogratz indicated that regulatory approval was unlikely to be achieved and that BitGo failed to provide the required financial information on time, thus losing the right to the $100 million termination fee. BitGo CEO Mike Belshe stated that BitGo had provided all necessary information. The trial is expected to conclude this week, and the judge will decide whether BitGo is entitled to the $100 million fee.

According to The Block, crypto research firm K33 stated that despite Bitcoin's decline of about 6% after retesting the 200-day moving average of approximately $82,000 this month, the low of about $60,000 in February this year may still represent the largest pullback of this cycle.K33's research director Vetle Lunde pointed out that unlike the bear market rebounds in 2014, 2018, and 2022, this market has experienced a slow recovery lasting 189 days after breaking below the 200-day moving average, and market leverage and risk appetite have not been quickly rebuilt. Therefore, the current trend resembles a mild adjustment rather than a precursor to a new round of deep declines.K33 also noted that institutional capital flows still reflect a defensive sentiment. The latest 13F data shows that institutional investors collectively reduced their holdings by about 26,733 BTC in the first quarter, while retail investors increased their holdings by about 19,395 BTC; among them, neutral strategy firms like Jane Street and Millennium contributed most of the reduction.Additionally, Bitcoin ETFs recently recorded the ninth largest five-day outflow since the launch of the U.S. spot ETF. K33 believes this typically occurs when BTC approaches the ETF cost basis, reflecting that investors tend to stop losses or reduce risk exposure after experiencing a deep pullback.

According to CoinDesk, K33 Research stated in a report that this round of the Bitcoin bear market is different, as exceptionally pessimistic traders have limited the downside. Bitcoin traders remain in a defensive stance, reducing the risk of a leveraged-driven collapse. Research director Vetle Lunde pointed out that the current slow bottoming process has not replicated the rapid reversals seen after bear market rebounds in previous cycles, and derivative data instead points to extreme pessimism.The 30-day average funding rate for Bitcoin has been negative for 81 consecutive days, nearing the longest historical record. The annualized basis for CME Bitcoin futures has dropped below 2.5%, which is an extremely cautious level. However, Bitcoin derivative open interest remains high, and further price weakness could trigger volatility. K33 maintains its fundamental judgment, believing that Bitcoin falling to $60,000 in February could be the largest pullback of this round.

According to Jinshi reports, the CICC research report points out that several recent U.S. inflation data have exceeded expectations, the employment market is stabilizing, and there has been a sell-off in bonds, intensifying market concerns about inflation. It is expected that the U.S. PCE inflation will remain above 3.5% for the year, with core PCE inflation above 3%, both significantly higher than the Federal Reserve's 2% policy target. Against this backdrop, the Federal Reserve's policy stance will be more cautious, and further interest rate cuts may be difficult within the year.

According to The Block, Nasdaq-listed Bitcoin ATM operator Bitcoin Depot has filed for Chapter 11 bankruptcy in the Southern District of Texas to gradually shut down operations. CEO Alex Holmes stated that changes in the regulatory environment have made the current business model unsustainable, with states implementing stricter compliance obligations, including new transaction limits, and some jurisdictions even directly restricting or banning Bitcoin ATM operations.In April, the company experienced a security breach that resulted in the theft of $3.7 million. Last week, the company stated that there were "significant deficiencies" in cash transportation reconciliation, preventing timely delivery of the first-quarter financial report. Preliminary unaudited data shows that first-quarter revenue decreased by 49.2% year-over-year, with a net loss of $9.5 million, compared to a net profit of $12.2 million in the same period last year. The company was founded in 2016 and operates the largest Bitcoin ATM network in North America, with over 9,000 machines globally.

The latest disclosed SEC documents show that as of March 31, 2026, Avenir Group holds 18,276,100 shares of BlackRock's IBIT Bitcoin Spot ETF, with a position market value of approximately $702 million based on the quarter-end closing price, a slight decrease of about 0.061% compared to the fourth quarter of 2025. Since the second quarter of 2024, Avenir Group has maintained its position as the largest institutional holder of Bitcoin ETFs in Asia for eight consecutive quarters.Since 2026, Avenir Group has been continuously promoting the integration of TradFi and Crypto, including strategic investments in CoinRoutes, leading a $20 million seed round for Inference Research, and signing a cooperation MOU with Tiger Brokers, AMINA Bank, and CoinRoutes during Consensus Hong Kong 2026 to advance the construction of next-generation institutional trading infrastructure.

According to crypto journalist Eleanor Terrett, sources say that a bipartisan group of minority senators in the U.S. Senate held discussions last night regarding the CLARITY Act, attempting to push the Democrats to make concessions on at least two outstanding issues, but ultimately failed to reach an agreement.Senator Cynthia Lummis stated that both sides had reached consensus on "99% of the content" of the bill and expressed hope that the Democrats would continue to address the remaining issues after the bill passes committee review; otherwise, if a similar incident to FTX occurs in the future, "they can only blame themselves."Reports indicate that Democratic Senators Adam Schiff and Ruben Gallego have been pushing for a compromise on the ethical standards and conflict of interest clauses involving the president's family before the committee review, making it one of the conditions for supporting the bill.Additionally, some Democratic lawmakers have raised concerns about provisions related to the Blockchain Regulatory Certainty Act (BRCA). This provision aims to prohibit lawsuits against non-custodial software developers based on money transfer laws.Sources say that both sides have made substantial progress on ethical and conflict of interest issues, but disagreements over amendments to the BRCA ultimately led to the breakdown of negotiations. The market currently widely expects that this committee review will show clear partisanship.