● Grayscale GBTC saw its first net inflow after converting to spot ETF

According to BlockBeats, on May 4, HODL15Capital data showed that Grayscale GBTC saw its first net inflow after converting to a spot ETF, recording $63 million.

● The seasonally adjusted non-farm payrolls in the United States increased by 175,000 in April, the lowest since October 2023

According to Odaily Planet Daily, the seasonally adjusted non-farm payrolls in the United States increased by 175,000 in April, lower than the expected 243,000, the lowest since October 2023. The previous value was 303,000.

● US unemployment rate rose to 3.9% in April

According to BlockBeats, on May 3, the U.S. unemployment rate in April was 3.9%, higher than the expected 3.8% and higher than the previous value of 3.8%.

● US economists comment on non-farm data: interest rate cuts may come earlier than expected

According to Jinshi, Rubeela Farooqi, chief U.S. economist at High Frequency Economics, commented on the U.S. non-farm data and said that if employment and wages continue to slow in the coming months, then interest rate cuts may come sooner rather than later. Farooqi stressed that one month's data should not be overemphasized, but the data showed that labor market conditions were loosening, not weakening.

● Venture capital investment in cryptocurrency and blockchain startups increased significantly in the first quarter of 2024

According to ChainCatcher, Galaxy Research data shows that after three consecutive quarters of decline, venture capital in cryptocurrency and blockchain startups has seen a significant increase. In the first quarter of 2024, venture capital institutions injected $2.49 billion into 603 transactions in crypto startups, an increase of 29% in financing amount and 68% in transaction number from the previous quarter.

Investment dynamics this quarter were influenced by several factors, including the launch of Bitcoin spot funds (ETFs), innovations in areas such as re-staking, modularity and Bitcoin second-layer solutions, and macroeconomic factors such as interest rates.

● Crypto analyst PlanB: $60,000 is an effective support level in the bull market

According to Odaily Planet Daily, crypto analyst PlanB posted on social media that the 5-month realized price (i.e. STH short-term holder price), currently at $60,000, seems to be an effective support level in the bull market. He further pointed out that this situation is similar to the market conditions in 2012, 2016-2017, and 2020.

● More than $3 billion in crypto tokens will be unlocked in May, including projects such as Sui and Pyth Network

According to Odaily Planet Daily, crypto tokens worth more than $3 billion will be unlocked in May, of which projects such as Sui and Pyth Network will release tokens worth more than $1 billion each. In addition, Avalanche, Arbitrum (ARB), Starknet (STRK), Optimism (OP) and Immutable (IMX) will release a total of more than $700 million in tokens.