The Cairo ceasefire negotiations have failed. It seems that Israel is going to cut the grass completely this time. What I am talking about is the balance in your wallet!

The number of Americans filing for unemployment benefits this week exceeded expectations and echoed last week’s non-farm payrolls. The probability of a rate cut in September has increased to 70%!

ETF outflows again reached 11.3 million, with GBTC still the main outflow, but ETF trading has reached a balance point and its influence on the market has weakened! JPMorgan Chase said that the SEC's attack on Robinhood was just a minor episode. Although the Ethereum ETF will not pass in the short term, the SEC will naturally pass it after losing many cases!

The $rndr logo is revealed in Apple's M4 chip promotional video. This overwhelming wealth is shared by the entire#AIsector! @thenotcoin became the first project in history to be listed on Binance and OK IEO at the same time. Although it is just a small game of clicking to earn coins, it has more than 30 million users with the support of $ton. Moreover, this wave of full circulation listing is different from the previous VC coin slow-cooking method. Maybe there will be great opportunities!

Let's talk about the macro first. First of all, the conflict between Israel and Kazakhstan. The ceasefire negotiations in Cairo last night failed. The Israeli army will continue to launch operations in the southern city of Rafah in the Gaza Strip as planned. There is nothing much to say about this. It is definitely bad news for the market in the short term. Then last night, the US announced the number of people who filed for unemployment and benefits for the first time this week. As expected, it exceeded expectations and coincided with the non-farm employment data last Friday. It was a response to the previous and the next. Daly of the Federal Reserve also jumped out to add fuel to the fire and said that if employment continues to deteriorate, the Federal Reserve must consider cutting interest rates. CME also updated the data in a timely manner. The probability of a rate cut in September has increased to nearly 70%, which is also the main reason for the market recovery last night.

Let's continue to talk about Bitcoin spot ETFs. As I predicted yesterday, the inflow of ETF funds is unsustainable. Sure enough, there was another net outflow of 11.3 million last night. The main source of capital outflow this time was still Grayscale, with a single-day outflow of 43.4 million. Except for BlackRock, which received 14.2 million, the other institutions had symbolic inflows of several million. At present, the market funds have basically maintained a balance, and both buying and selling have decreased. Including Hong Kong ETFs, the daily trading volume does not exceed 3 million US dollars. These data mean that the currency market has entered an adjustment phase. In addition, according to statistics from data vendors, the global encrypted trading volume has declined for the first time in April after growing for 7 consecutive months. This can also confirm the adjustment period mentioned above, because the major institutions, family offices, and listed companies that should have bought have already bought, and those who have shipped have also sold out by taking advantage of the halving market.

: Speaking of the market, it has shown a significant recovery since last night. Bitcoin has risen from a low of 60,600 to more than 60,300. Many friends regard the current pattern as a W-bottom. I think this is just normal fluctuation. After the ETF was passed, Bitcoin's daily fluctuation of 3,000 points is actually very normal. In the current market, if the Bitcoin ecosystem does not see a sustained outbreak, it will be difficult to get out of a large-scale market. Ethereum's performance is still relatively weak. ETH/BTC has fallen to around 0.048 again, and gas has remained at a low level. The boss of Consensys criticized the SEC at a conference last night, saying that the SEC maliciously suppressed encryption innovation. He also revealed that the SEC has now labeled ETH as a security, which is the main reason for the SEC's rejection. Another reason why the SEC cracked down on Robinhood may also be because ETH was judged to be a security. This Wells notice was also issued at the time when the SEC was about to reject the Ethereum ETF. However, JPMorgan Chase said yesterday that this wave of rejections would not hinder the approval of the future Ethereum spot ETF. Although it is impossible in the short term, it will be difficult for the SEC to reject it after countless lawsuits.

As for copycats, due to the recovery of the broader market, all sectors are generally rising, and the sectors with better growth are mainly the traditional three strong#AI#RWA #MEME. As for #AI, $rndr has skyrocketed because Apple mentioned rndr's software octane in the M4 chip promotional video, and the logo of the RNDR token was also revealed in the video. Several other similar track projects, $akt $ar $wld, have also been brought up. The entire AI sector can be said to be of the same spirit and prosper together. Then the#memesector soared mainly due to the influence of Trump's video. Trump's sentence "If you support encryption, vote for him" made his memes of the same name, $trump $tremp $maga, take off all the way, and no matter what chain, whether real or fake, they all rose indiscriminately. At the same time, the meme $trumpwif of Trump wearing a hat on the Internet has also become popular, and various cats and dogs have also risen a lot. Then there were various favorable projects. $qtum released an AI image generator and its price took off directly. BlackRock's securities token $build submitted a proposal to deploy tokens on $arb, but the increase in $arb was very general. $deso said it would have a POS hard fork. Xiaohei wrote a report on oracles saying that $flr was undervalued, and $flr soared.

Let's talk about the most popular copycat @thenotcoin on the entire network last night. This is the only project that I can remember that has IEO on both Binance and OK, two major CEXs. This project is actually a small game on telegram where you can earn coins by clicking on the screen. Due to the brainless gameplay and official support from telegram, the data is very strong. It is said that there are more than 30 million real players and 5 million daily active users. Moreover, the biggest difference between this project and other previous IEOs is that it is fully circulated. It may be that the two major CEXs have seen the criticism on the Internet. The previous VC coins all had very large FDV and very small initial circulation. As a result, the trend has been falling since listing. The disgusting thing about this trend is that no matter when you buy in the secondary market, there is only one ending of being trapped. Therefore, this wave of notcoin's full circulation approach is quite different. Of course, there are risks, because the coins of the project party and the institution are not locked, so it still depends on the control ability and gameplay of each party. However, the advantage of this full circulation is that the FDV will not be too high. In addition, $not also has a clone token $wnot, which, as the name suggests, is mapped on the ETH chain. Since it is an erc20 token, it can also be grabbed by various small CEXs. After buying $wNOT, you can exchange it for $not at a ratio of 1000:1 on @shardify_app. In addition, you should know that @thenotcoin is a $ton ecological project. This wave of listing on Binance IEO also means that the probability of $ton being listed on Binance has increased from the previous 99% to 100%.
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