Overview of the Crypto Assets Market This Week

Market Dynamics

In the past week, Bitcoin spot ETFs achieved net inflows for the third consecutive week, reaching $920 million. The inflows for the previous two weeks were $3.03 billion and $1.81 billion, respectively. This continued influx of funds reflects the market's optimistic outlook on future trends. The price of Bitcoin reached a high of $105,000 this week and is expected to set a historical high in May. Market sentiment indicators show that investor sentiment has entered the greed phase.

Although the Ethereum ETF experienced a net outflow of $38 million, its price still surged from $1,800 to $2,600, with a single-day increase of up to 25%. The exchange rate of Ethereum against Bitcoin has significantly risen, currently at 0.024. Meanwhile, Ethereum's market share has rebounded from around 7% to 9%. It is worth noting that the recent upward trend of Ethereum seems to have little to do with ETF capital flows. Some viewpoints suggest that this may just be a temporary rebound triggered by various indicators being at historical lows.

Performance of Popular Coins

This week, the standout Crypto Assets include MOODENG, GOAT, PNUT, PI, and KAITO. Among them, MOODENG saw an increase of up to 566.53% within the week, with a highest price of 0.2889USDT, and a current market value of approximately 260 million USD. GOAT and PNUT also rose by 212.9% and 167.6% respectively, with GOAT reaching a peak price of 0.2503USDT.

Overview of the U.S. Financial Markets

The US stock market showed mixed performance. The S&P 500 index fell by 0.8%, the Dow Jones Industrial Average dropped by 1.2%, and the Nasdaq index decreased by 1.5%. The market was affected by uncertainty over trade tariffs and mixed corporate earnings reports. Although news of tariff exemptions brought a brief rebound, the tension between China and the US and stricter chip export restrictions impacted technology stocks. Intel's poor earnings report weighed down the Nasdaq index, while Tesla's strong performance provided some support for the S&P 500 index.

Important Economic Data and Events

• Monday: Federal Reserve officials give a speech
• Tuesday: US April Consumer Price Index (CPI) released
• Thursday: Initial Jobless Claims in the United States; April Producer Price Index (PPI); Federal Reserve Chair Powell delivers opening remarks.
• Friday: The preliminary value of the US May one-year inflation expectation is released.
• Saturday: Federal Reserve officials Barkin and Daly will speak.

Popular Sector Analysis

The Meme coin sector has shown strong performance, with coins like MOODENG, GOAT, and CHILLGUY experiencing significant increases. Market funds seem more inclined to choose popular Meme coins with good liquidity. MOODENG's daily increase exceeded 130%, leading the altcoin market, with a weekly increase of over 6 times. Several mainstream trading platforms have announced the listing of MOODENG, stimulating its purchasing demand.

In the AI agent sector, tokens such as PIPPIN, SWARMS, and GRIFFAIN have also seen an increase. This indicates that AI agents remain one of the hot areas of market interest. However, these tokens still have a significant gap from their historical highs, reflecting some skepticism in the market regarding existing AI agent projects, and new projects may still emerge.

Token Unlock Reminder

• APT will unlock approximately 11.31 million tokens on May 12, worth about 58.47 million dollars.
• Avalanche plans to unlock approximately 9.54 million AVAX coins on May 17, 2025, accounting for 2.49% of the total supply, valued at approximately $329 million based on current prices. These coins will be allocated to the team, foundation, and strategic partners, among others. Additionally, approximately 1.13 million AVAX (valued at about $38.81 million) will be distributed through airdrops.

Risk Warning

Crypto Assets investment is highly speculative and carries a significant risk of loss. Past performance is not indicative of future results. The value of digital currencies can fluctuate dramatically, and investors should make careful decisions about whether to participate in trading or hold digital currencies based on their individual circumstances.