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The blockchain data analysis platform glassnode pointed out on social platform X that Bitcoin whales have fully returned to the market, and large investors are continuously buying, participating in the recent upward trend. The institution cited its 'trend accumulation score for holding groups', with a score closer to 1 indicating more obvious signs of the group accumulating Bitcoin, while a score close to 0 indicates they are distributing or not accumulating.

Source: glassnode

glassnode noted that the group holding more than 10,000 Bitcoins is showing nearly perfect accumulation behavior (trend accumulation score around 0.9), followed closely by the group holding between 1,000 and 10,000 Bitcoins (trend accumulation score around 0.7), and the group holding between 100 and 1,000 Bitcoins is also pivoting to accumulate Bitcoin (trend accumulation score around 0.5).

Master the eight major thinking models and become one of the few winners in the cryptocurrency market.

Original title: (Mind-shifts Amidst The Chaos)

Original author: The Learning Pill (@thelearningpill)

Translation: Odaily Planet Daily researcher Asher (@Asher_0210)

In the uncertain world of the cryptocurrency market, the support provided by technical analysis and token economics is limited. True competitive advantage comes from mindset: the psychological models that can influence decisions under complex market conditions. In other words, successful cryptocurrency investing relies not only on fundamental analysis or market trends but also on mastering how to think in probabilistic terms, deeply understanding the second-order effects of the market, seeking asymmetric investment opportunities where returns far exceed risks, building anti-fragile strategies that gain resilience amidst turmoil, clearly assessing the opportunity costs of every investment, identifying and following emerging market narratives, effectively managing one's attention to avoid noise, maintaining a long-term investment perspective, avoiding linking personal identity to investment performance, and focusing on optimizing the investment process rather than individual trade outcomes.

Cosine, the founder of the blockchain security company SlowMist, reminded cryptocurrency wallet users on the social platform X that with Ethereum Gas fees being so low, 'revoke all token authorizations that you are unsure of, do not fully understand, or think are safe.'

He stated that the Gas fee required to revoke a single token authorization is now less than $0.1. Even if there are hundreds of abnormal authorizations to cancel, it would only cost a few dollars, but it can block potential huge risk exposures. Cosine mentioned several tools for revoking token authorizations, including Revoke.cash, Rabby, and OKX Wallet.

BitMEX founder and well-known cryptocurrency investor Arthur Hayes published his latest commentary yesterday, likening Trump's trade policy to the avalanche risk on a ski resort, and asserting that Bitcoin has reached a regional low in this bull market cycle, positioning it to be the ultimate beneficiary amidst the turbulence of the monetary system.

Arthur Hayes uses skiing in Hokkaido as an example to describe the behavior of the market in the face of risks and the analogy of policy responses. He pointed out that the tariff policy announced by Trump on April 2 was a "deliberately induced avalanche," pushing the volatility of the U.S. bond market to a historic high. The MOVE index briefly surged to 172 points, and market panic quickly spread to the stock market and global asset markets.

The FBI's Internet Crime Complaint Center (IC3) released the 2024 annual report on April 23, detailing fraud and crime complaints related to cryptocurrency.

In 2024, the total losses from fraud cases reached approximately $9.3 billion.

The report shows that in 2024, over 140,000 fraud complaints related to cryptocurrency were received, resulting in total losses of approximately $9.3 billion. The group aged 60 and above was the most severely affected, with around 33,000 complaints filed, resulting in losses as high as $2.8 billion. This group also had the highest number of complaints and the greatest losses among all fraud and extortion victims.

The Japanese investment company Metaplanet announced on Thursday that it spent 1.926 billion yen (approximately 13.6 million USD) to acquire 145 Bitcoins as part of its 'Bitcoin financial operation' strategy, with an average purchase price of 13,280,472 yen (approximately 93,327 USD).

This is the second time Metaplanet has announced its Bitcoin acquisition this week. The company stated on Monday that it spent 4.02 billion yen (approximately 28.23 million USD) to acquire 330 Bitcoins.

As of April 24, Metaplanet holds a total of 5,000 Bitcoins (valued at approximately 466 million USD). According to Metaplanet CEO Simon Gerovich, the purchase cost of these Bitcoins was around 428.1 million USD, with an average purchase price of approximately 85,621 USD. Based on the current Bitcoin price of about 93,250 USD, the company's total Bitcoin holdings currently have an unrealized gain of about 8.9%.

Former U.S. President Donald Trump will host the largest holders of his meme coin at a private golf club in the U.S. capital.

According to the official announcement, the top 220 holders of the official Trump meme coin $TRUMP will be able to have a private dinner with Trump on May 22 at the Trump National Golf Club in Washington, D.C. Among them, the top 25 holders will also be invited to an exclusive reception before the dinner, as well as a VIP special itinerary arranged separately by the official team.

Holders must register their information and crypto wallet on the official website to participate, and the official will rank based on the average holdings from April 23 to May 12. Data shows that as of the publication of this article, the largest registered holder has 400,000 TRUMP, worth approximately $5.26 million.

According to Axios, a rare conflict occurred at the White House last week, where Tesla CEO Elon Musk and Treasury Secretary Scott Bessent erupted into a heated argument in front of President Donald Trump and other senior officials.

Treasury Secretary clashes with Musk

Reports indicate that several witnesses confirmed the loudness of the argument, alarming the entire West Wing of the White House. Witnesses described it as: "Like two middle-aged billionaires performing a WWE wrestling show in the White House corridor." This conflict even caught the attention of the visiting Italian Prime Minister Giorgia Meloni that day.

It is reported that the trigger for the conflict was Donald Trump appointing Gary Shapley, backed by Elon Musk, as the IRS acting director on April 16, but Scott Bessent originally promoted Michael Faulkender, the Deputy Secretary of the Treasury, to take over. He pressured Donald Trump, believing that Elon Musk was privately interfering with team operations.

John D’Agostino, Head of Institutional Strategy at Coinbase, pointed out in an interview on CNBC that during April 2025, sovereign wealth funds and institutional investors significantly increased their purchases of Bitcoin (BTC); at the same time, retail investors began to withdraw from trading funds (ETFs) and the spot market.

Bitcoin possesses similar characteristics to gold

John D’Agostino compares Bitcoin to gold and points out that the main motivation for many institutional investors buying Bitcoin is to hedge against currency depreciation risk and macroeconomic uncertainty. He stated:

Web3 gaming infrastructure company Immutable announced on Wednesday that its strategy card game (Might & Magic: Fates) developed in collaboration with gaming giant Ubisoft is set to launch soon, and players will be able to play for free on mobile platforms (iOS and Android). Ubisoft also released a trailer for the game today.

According to official website information, (Might & Magic: Fates) will have hundreds of classic cards available for collection, allowing players to build custom decks to challenge other players. This game will also offer optional Web3 features, enabling players in need to unlock digital ownership of cards, with the opportunity to trade their cards using Immutable blockchain.

The Canadian publicly traded company SOL Strategies, which emulates the bitcoin acquisition strategy of Strategy (formerly MicroStrategy), announced today that it has reached an innovative convertible note financing agreement worth up to $500 million with ATW Partners.

SOL Strategies is a publicly traded company headquartered in Toronto, Canada, focusing on investing and providing infrastructure for the Solana blockchain ecosystem. The company was formerly known as Cypherpunk Holdings Inc. and officially changed its name to SOL Strategies in September 2024 to reflect its strategic focus on the development of the Solana ecosystem. SOL Strategies has completed multiple SOL acquisition transactions, and to date, the company's total SOL holdings have reached 267,151 tokens, valued at approximately $40 million.

According to a report by Bloomberg, U.S. payment company PayPal plans to offer rewards to holders of its stablecoin PayPal USD (PYUSD) to encourage more people to use the digital token in an increasingly competitive market.

U.S. users of PayPal and Venmo will be able to earn 3.7% rewards annually by holding PYUSD in their platform wallets. These rewards will be distributed in the form of PYUSD, which users can exchange for fiat currency, transfer to others, use for cross-border remittances, or spend at PayPal Checkout. The program is expected to launch this summer.

Jose Fernandez da Ponte, PayPal's Senior Vice President and General Manager of Blockchain, Cryptocurrency, and Digital Currency, stated in an interview that these rewards (calculated daily and paid monthly) are aimed at encouraging users to use PYUSD as a payment tool widely on the PayPal network.

Bitcoin broke through the $94,000 level on Wednesday afternoon, reaching around $94,450, with an increase of about 6.5% over the past 24 hours.

On-chain data analysis firm Glassnode points out that Bitcoin's current price has surpassed the realized price (cost basis, currently around $92,595) of short-term holders. This level serves as a benchmark for market sentiment and investment positioning. If Bitcoin can maintain its position above this price, it typically indicates a recovery in market confidence and may serve as a springboard for further increases.

Source: Glassnode

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Malaysian Prime Minister Anwar Ibrahim stated on the social media platform X on Tuesday that he had a 'productive' meeting with Binance founder Zhao Changpeng (CZ) to discuss Malaysia's potential as a major hub for the digital asset and blockchain industry.

Anwar emphasized the importance of the government's leadership role and inter-agency collaboration in promoting the development of the blockchain industry. He hopes to continue dialogue with institutions such as the Securities Commission, Bank Negara Malaysia, and the Ministry of Digital to 'jointly explore how to promote and drive responsible innovation.'

The preferred software platform for on-chain organizations, Tally, announced today the completion of an $8 million Series A financing. This round of financing was led by AppWorks, Blockchain Capital, and 1kx, with participation from Cyberfund, Placeholder, BitGo, and Bloccelerate. The funds will be used to expand Tally's comprehensive infrastructure for the on-chain economy.

Tally provides infrastructure for multiple leading protocols, including Arbitrum, Uniswap DAO, ZKsync, Wormhole, Eigenlayer, Obol, Hyperlane, and other well-known on-chain organizations. Tally initially started as a DAO governance tool and has now evolved into the most widely used on-chain organization software suite on Ethereum and Solana.

According to data compiled by SoSoValue, the total net capital inflow for US Bitcoin spot exchange-traded funds (ETFs) on Tuesday was approximately $936 million, the largest single-day net inflow since President Trump took office on January 20.

Among these 12 Bitcoin spot ETFs, none recorded net outflows yesterday. The highest net inflow was from the ARKB fund, issued jointly by ARK Investment and 21Shares, amounting to approximately $267 million, followed by the FBTC fund issued by Fidelity, which had a net inflow of about $254 million.

The well-known venture capital firm YZi Labs (formerly Binance Labs) announced the launch of a ten-week global entrepreneurship incubation program called “EASY Residence.” This program aims to assist top founders in fields such as Web3, artificial intelligence (AI), and medical technology, providing in-depth resource support, professional mentoring, and funding to help them transform innovative concepts into successful products in the market.

The first phase of the EASY Residence program will be launched on June 2, 2025, in Silicon Valley, USA, providing selected teams with full accommodation, meals, and startup funding, allowing founders to focus on product development and company growth without being affected by other distractions. The focus areas for this phase include, but are not limited to: high-performance blockchain, cross-chain technology, decentralized finance (DeFi), AI autonomous systems, AI infrastructure and robotic control systems, as well as decentralized scientific research (DeSci) in the medical field, AI diagnostic technology, and patient data security management systems.

U.S. cryptocurrency exchange Coinbase has confirmed to (Cointelegraph) that the company is considering applying for a U.S. federal banking license.

In a statement to Cointelegraph, a Coinbase spokesperson said:

"This is something Coinbase is actively considering, but no formal decision has been made yet."

This comment was made following recent reports by multiple media outlets about Coinbase and other major cryptocurrency companies planning to apply for a U.S. banking license. In addition to Coinbase, the crypto asset custody company BitGo and stablecoin issuers Circle and Paxos are other companies mentioned.

According to reports from two informed sources quoted by CoinDesk, the renowned Dutch financial institution ING is developing a stablecoin, seeking to leverage the new European cryptocurrency regulations that began to be implemented last year.

Two informed sources revealed that ING's stablecoin project may proceed in the form of an alliance involving other banks and cryptocurrency service providers. One of the informed sources stated:

"ING is collaborating with several other banks to promote a stablecoin project. Progress is currently slow because forming a joint entity requires approval from the boards of multiple banks."

The European Markets in Crypto-Assets Regulation (MiCA) requires all issuers of stablecoins in EU member states to hold an authorized license, while also encouraging the development of euro-denominated stablecoins. Most stablecoins currently on the market are pegged to the US dollar.

Tesla CEO Elon Musk announced that he will step back from the White House's 'Department of Government Efficiency' (DOGE) starting next month, concluding his three-month effort to reshape the U.S. federal government and public service system.

Musk stated during Tesla's earnings call:

'The main construction work of DOGE has been completed, and starting next month, I will devote more time to Tesla.'

Musk later emphasized on X that he is only reducing his working hours at DOGE and not leaving DOGE. He stated that as long as he is still helpful and Trump is willing, he will continue to spend one to two days a week dealing with government-related matters. After Musk announced the reduction of his role at DOGE, Tesla's stock rose about 5% in after-hours trading.