Daily View

1️⃣ Bitcoin Stats

$BTC is testing critical resistance near $93,000, with analysts warning that a failure to hold above this level could trigger significant technical and psychological setbacks.

2️⃣ Token to Watch

$PARTI $0.2817 +24.03%
$CHILLGUY $0.0534 +20.59%

3️⃣ Daily Focus

The Federal Reserve's May meeting is imminent, and expectations for a rate cut have diminished to only 2.7%, contributing to cautious sentiment. Meanwhile, broader regulatory developments and shifting institutional strategies also influence market dynamics.

CoinEx: Your Crypto Trading Expert

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💰 Bitcoin's Surge: Approaching $100,000 Amidst Growing Institutional Interest

📈 Bitcoin's price surged to $97,469 per coin, after hovering around $94,000 for most of the day. With a trading volume of $24.27 billion, it accounted for 33.11% of all trades. The leading cryptocurrency climbed over $3,500 from its intraday low on May 5, reaching its latest high just after 8:25 p.m. Eastern on Tuesday. At that time, BTC was trading at $97,283, reflecting a 2% increase in 24 hours and a 2.8% rise for the week. This uptick also boosted the broader market, which now stands at $2.98 trillion after a daily gain of 1.16%.

🔝 However, Bitcoin faces significant resistance at $97,800, $98,000, and other subsequent price levels. Four days prior, it reached a peak of $97,938 but has not surpassed it since, despite strong bullish pressure. Following that peak, the coin experienced a steady decline culminating in a sharp drop on May 5, accompanied by heavy selling.

📊Current oscillator metrics suggest a cautiously optimistic outlook for BTC/USD. The Relative Strength Index (RSI) is near 66, indicating approaching overbought levels while remaining within neutral parameters. This signals ongoing accumulation dynamics without excessive speculation. The Average Directional Index (ADX) at 30 indicates an emerging trend trajectory consolidating momentum without achieving definitive directional dominance.

🔄 Today's rebound reflects renewed investor enthusiasm and a potential psychological shift after recent retracements. Data from Coinglass shows that over $40 million in BTC short positions were forcibly unwound in the past four hours, with more than $55 million liquidated in the previous 24 hours. Overall market signals increasingly align with a maturing bullish posture, albeit one that remains tempered and non-exuberant.

As bitcoin approaches $100,000 once again, a growing theme is for private companies to add more BTC to their balance sheet, there are currently about 70 companies doing this worldwide,

said Greg Magadini, director of derivatives at Amberdata. He added,

Combine this theme with returning inflows into bitcoin ETFs and now new ATHs are back in sight.

Magadini also noted that during last week’s MSTR earnings call, Saylor suggested that MSTR would double its acquisition plans from 21/21 to 42/42, planning to raise $84B for BTC purchases over the next two years.

Crypto Resurgence in April 2025

1️⃣ Bitcoin bounced back big time, breaking $90K thanks to a U.S. tariff pause & renewed market optimism. Now $BTC has skyrocketed to over $100k!

2️⃣ Innovations in Bitcoin staking and high-speed blockchains like Monad added depth to the ecosystem.

3️⃣ Stablecoin inflows remained strong, though growth slowed, hinting at potential consolidation before the next major move.

Looking ahead, May will be crucial. Watch for regulatory shifts, economic data, and key technological developments to guide the market's direction.

CoinEx: Your Crypto Trading Expert

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🔄 Finder Partners with Swyftx for User Migration

📰 Aussie fintech firm Finder has teamed up with Swyftx to assist its users in migrating to the latter's crypto exchange platform. Finder Wallet users can choose to transfer their cryptocurrency balances to their existing or newly created Swyftx accounts. However, users must consent to this transfer, which will be managed by the Finder team.

🔗 The migration process involves sending users two links: one for current Swyftx users and another for new users. Existing Swyftx users need to log in through the provided link to authorize the transfer. In contrast, new Swyftx users must sign up via the link.

Once a user has signed up and verified their account via this link, they will receive an email to the address they used to sign up with confirming the transfer of funds from their Finder Wallet to their Swyftx account,”

the Finder team explained.

🔄 It's important to note that Finder Wallet users holding MATIC or FTM will have these tokens converted to POL and SONIC, respectively, during the migration. This move comes as Finder decides to exit the crypto business amid a shifting regulatory landscape in the Australian cryptocurrency market. The Australian Securities and Investments Commission (ASIC) has increased its oversight of crypto-related products and services, leading to heightened scrutiny for some operators.

⚖️ Finder was previously involved in a legal dispute with ASIC over its “Earn” crypto product. Although Finder won the case in 2023, it has reportedly been downsizing for the past two years. In contrast, Swyftx has managed to avoid regulatory issues, allowing it to grow and establish itself as a key player in the Australian cryptocurrency exchange market. The exchange is registered with AUSTRAC, demonstrating its commitment to regulatory compliance.

🚨 Breaking: MicroStrategy Acquires 13,390 Bitcoin For $1.34 Billion 📢

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📈 Bitcoin ETFs Continue Strong Performance While Ether Funds Struggle

💰 Bitcoin ETFs have experienced their fourth consecutive week of net inflows, attracting $934 million in the week ending May 9. This surge is primarily driven by Blackrock’s IBIT, which alone contributed $1.03 billion in net inflows. Other notable performers include Fidelity’s FBTC with $62.44 million, Ark 21shares’ ARKB at $45.59 million, and Vaneck’s HODL with a smaller addition of $5.06 million.

🔻 However, not all funds fared well. Grayscale’s GBTC saw a significant outflow of $171.45 million, while Bitwise’s BITB and Franklin’s EZBC also reported redemptions of $26.77 million and $11 million respectively. The only day that recorded outflows was Tuesday, May 6; however, a strong inflow of $425 million on Monday helped maintain a positive weekly balance.

📉 In contrast, ether ETFs faced challenges with total weekly outflows reaching $38.15 million. Fidelity’s FETH led the losses with $37.17 million exiting, followed by Grayscale’s ETHE which saw $26.21 million withdrawn. Blackrock’s ETHA also lost $4.17 million. The only exception was Grayscale’s Ether Mini Trust that managed to attract $3.19 million in new capital.

🔄 As bitcoin ETFs continue to thrive, ether ETFs are under pressure, indicating a divergence in investor sentiment towards these two leading digital assets.

📈 Bitcoin's Market Overview on May 15, 2025

💹 On May 15, 2025, Bitcoin opened trading at $102,288 with a market capitalization of $2.03 trillion and a 24-hour trading volume of $26.86 billion. Throughout the day, its price fluctuated between $101,769 and $104,156, indicating limited volatility despite noticeable structural changes across various timeframes.

📊 The daily chart shows that Bitcoin has been on a bullish path since falling below $80,000 and reaching a recent peak of $105,700. This upward movement was backed by strong buying momentum, highlighted by a significant volume increase. However, recent red candles with long upper wicks indicate overhead resistance and growing seller interest. Despite this, technical indicators suggest a bullish trend persists, with all moving averages from the 10 to 200-period showing buy signals.

🔍 The 4-hour chart presents a more cautious view. Here, Bitcoin has created a double top at $105,700 and has retraced to about $100,764. The subsequent price action has formed a lower high, signaling bearish divergence. Recovery attempts have been weak, reflected in declining volume. Key indicators like the stochastic oscillator and relative strength index (RSI) show neutral readings, indicating indecision in the short term.

📉 On the hourly chart, Bitcoin is in a short-term downtrend, consistently forming lower highs and lower lows. Buying attempts have been feeble, with volume confirming low interest. The recent bounce from $101,550 lacks strength unless the $103,000 level is decisively reclaimed. Market participants are looking for long positions only above $102,800 with tight stop-losses, while failed tests of $103,000 present opportunities for short entries.

🔄 A comprehensive strategy suggests cautious optimism for the broader trend but vigilance on lower timeframes. The daily structure supports long entries on pullbacks to the $98,000–$100,000 range, while short entries on the 4-hour chart are advised near failed rallies at $103,000. Protective stop-loss placements are recommended below $98,000 for longs and above $104,000 for shorts.

⚖️ Overall, while the macrostructure aligns bullishly, immediate price action is characterized by a struggle between waning momentum and strong historical support zones. Traders are advised to adhere to disciplined entries, remain responsive to breakout confirmations, and respect key levels to navigate the transitional conditions present in Bitcoin’s current technical landscape.

🔮 Bull Verdict: If Bitcoin can hold above the $101,000 support level and break convincingly above $104,000 with strong volume, the bullish trend remains intact.

📉 Bear Verdict: Should Bitcoin fail to reclaim $103,000 and instead break below $101,000 with volume confirmation, it would signal further downside toward $100,000 or even $98,000.

🟢 Ethereum's Potential Reversal Against Bitcoin: Signs of an Upcoming "Alt Season"

📈 A recent Cryptoquant report suggests that Ethereum (ETH) may be on the brink of a significant turnaround against Bitcoin (BTC), potentially marking the beginning of an "Alt season." The ETH/BTC price ratio surged by 38% last week after reaching its lowest point since January 2020. On-chain data indicates decreased selling pressure and increasing institutional demand for ether.

🔍 According to Cryptoquant researchers, Ethereum's relative valuation against Bitcoin has entered an extreme undervaluation zone for the first time since 2019. This is based on the ETH/BTC MVRV metric. Historically, similar conditions from 2017 to 2019 preceded periods where ETH significantly outperformed BTC, suggesting a strong potential for mean reversion.

📊 Last week, ETH's spot trading volume relative to BTC spiked to 0.89, the highest since August 2024. This indicates increased trader exposure and mirrors trends from 2019 to 2021 when ETH outpaced BTC by four times. The surge aligns with ETH's price rebound, reflecting renewed market confidence.

🏦 Institutional interest in ETH is also rising, with ETF holdings increasing since late April. Analysts from Cryptoquant attribute this to expectations of ETH's outperformance driven by scaling upgrades and macroeconomic factors. The ETH/BTC ETF holdings ratio and price ratio have both risen, indicating strategic portfolio shifts.

📉 Additionally, exchange inflows for ETH have dropped to their lowest levels since 2020, signaling reduced sell pressure compared to Bitcoin. Historically, lower inflows precede ETH rallies as fewer tokens enter exchanges for potential liquidation.

⚠️ However, despite the recent rally, Cryptoquant analysts caution that the ETH/BTC ratio must surpass its one-year moving average (MA) to confirm a sustained upward trend. Current levels resemble past bottoms, but technical validation is crucial for long-term momentum. The report states,

The ETH/BTC price ratio still needs to cross above its 365-day moving average to confirm a new leg up against bitcoin.

🚀 Bitcoin Price Eyes $108K ATH as Economic Signals and ETFs Boost Rally 🔥

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📱 Solana Mobile Unveils Seeker Phone and TEEPIN Platform

🚀 Solana Mobile is set to disrupt the mobile phone ecosystem with two major announcements: the launch of its Seeker phone on August 4 and the introduction of a new platform called TEEPIN, which will feature an ecosystem token.

📦 The Seeker phone, previously known as Chapter Two during its pre-order phase, was announced in January 2024 as the successor to Saga, Solana Mobile's first phone released in April 2023. Over 100,000 units were ordered, with more than half paid for using stablecoins.

🌐 With this launch, Solana Mobile aims to challenge the existing mobile duopoly by introducing its Trusted Execution Environment Platform Infrastructure Network (TEEPIN). This platform seeks to create an open alternative to current ecosystems controlled by gatekeepers who dictate monetization and app permissions.

🗣 Emmett Hollyer, General Manager of Solana Mobile, emphasized the need for change in mobile ecosystems:

Current mobile ecosystems weren’t built for the web3 economy. Users have a clunky experience and limited access to real innovation.

He highlighted that TEEPIN consists of three layers: hardware, distribution, and verification, enabling decentralized apps to reach users globally without excessive restrictions or fees.

💬 Hollyer also mentioned the decentralization of their dapp ecosystem control, allowing users to have a say in curation. He expressed enthusiasm for expanding access to their platform on other devices, stating they are

excited to work with OEMs to implement their software on more platforms.

📉 Ethereum's DeFi Dominance Declines as Rivals Rise

📊 The total value locked in decentralized finance (DeFi) is approximately $117.856 billion. Ethereum, which once held over 56% of this value at the end of 2024, has seen its share decrease to 51.24% by May. Despite still leading in areas like total value locked, NFT sales, and tokenized U.S. Treasuries, its dominance is being challenged by other blockchains.

📉 In February 2021, Ethereum commanded over 91% of the DeFi market. However, this figure has dropped to 53.68% today, a decline of 37.32%. At the start of 2025, it held 56.38% but has since lost 2.7%, reaching a low of 51.24% earlier this month.

🚀 Competitors like Solana, Bitcoin, Tron, and Binance Smart Chain (BSC) are gaining ground. According to defillama, Solana holds 7.99% of the total value locked, followed by Bitcoin at 5.67%, Tron at 5.64%, and BSC at 5.44%. Other networks such as Base, Arbitrum, Sui, Avalanche, Hyperliquid, and Berachain are also climbing the ranks.

🌐 The DeFi ecosystem is maturing, with Ethereum's early lead being gradually eroded by emerging competitors. While it remains a key player, the shifting landscape indicates a more diverse future where another dominant chain could potentially rise to challenge Ethereum's position.

🔄 This trend suggests that innovation and adoption are spreading across a wider array of contenders rather than being concentrated in a single chain.

📊 Bitcoin Proxy Metaplanet Stock Shoots 18% As Japan Debt Crisis Worsens

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🌍 Binance CEO Highlights Regulatory Clarity for Crypto Adoption

💬 Binance CEO Richard Teng recently emphasized the importance of regulatory clarity for the widespread adoption of cryptocurrency. In a post on social media platform X, he stated that clear rules are essential for shaping the future of the financial sector. Teng urged policymakers to pursue regulations that foster innovation, protect consumers, and facilitate global competitiveness.

Clear rules = mass adoption … Policymakers who understand this will shape the next decade of finance,

he wrote. He further explained that the crypto industry needs frameworks that support technological progress while ensuring user safety.

📉 Teng also pointed out that countries could have reduced budget deficits by holding strategic crypto reserves, citing Bitcoin's performance in recent years. He noted that even those who sold their holdings now recognize the missed opportunities.

⚖️ His remarks come at a crucial time for crypto policy in the United States. There has been significant legislative activity in Congress aimed at defining digital asset oversight. President Donald Trump has also expressed support for the crypto sector, indicating a shift from past skepticism. Changes within the U.S. Securities and Exchange Commission (SEC) and other regulatory agencies suggest a move towards more crypto-friendly policies.

💱 Revolutionizing Remittances: XDC Network and Bitso Business Join Forces

🤝 XDC Network has partnered with Bitso Business to transform U.S.-Mexico remittance flows through a blockchain-based payment framework. This initiative targets the $63 billion inbound remittance market in Mexico and the $70 billion outbound volume from the U.S., leveraging XDC’s ISO 20022-ready blockchain infrastructure and Bitso’s fiat liquidity across Latin America.

🚀 According to XDC’s Amitava Mandal, this collaboration marks

a major leap

in integrating blockchain technology into mainstream finance. The system facilitates multi-currency exchanges (USD-MXN), ensures instant transaction settlements, and integrates smoothly with SMEs and fintechs.

🌍 The partnership prioritizes financial inclusion, interoperability, and real-world impact by enabling tokenized transfers and enterprise integration throughout Latin America.

🚨 Breaking: Strategy Acquires 705 BTC For $75M, MSTR Stock Drops

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🚀 Bull market energy is rising — but who will truly onboard the next wave of real users?

While most chains chase DeFi hype, Sophon is taking a different route: fusing entertainment, AI, and modular ZK tech to make blockchain invisible — and irresistible.

Built on zkSync’s ZK Stack, Sophon has already processed 60M+ transactions, sold 120K+ node licenses, and partnered with major players across gaming, ticketing, AI, and sports.

📈 As the bull run heats up, could this be Web3’s next breakout ecosystem?

🔍 Know more on CoinEx: https://www.coinex.com/s/4HQX

💰 Classover's Strategic Move: Building a Solana-Based Treasury Reserve

📅 On June 2, Classover, a Nasdaq-listed online educational platform, announced a securities purchase agreement to issue up to $500 million in senior secured convertible notes. This initiative is part of its strategy to establish a Solana (SOL)-based treasury reserve. The company plans to conduct an initial closing and funding of $11 million once standard closing conditions are met.

🔗 The agreement stipulates that Classover must allocate up to 80% of the net proceeds for purchasing SOL. By doing so, Classover becomes one of the few publicly traded companies prioritizing SOL over bitcoin for treasury reserves. CEO Hui Luo emphasized the significance of this move, stating,

This agreement marks a significant milestone in the Company’s strategic initiative to build a SOL-based treasury reserve.

📈 Other listed companies that have opted for SOL include DeFi Development Corp. and SOL Strategies Inc.. The secured convertible notes from Classover can be converted into the company’s Class B common stock at an initial conversion price set at 200% of the closing price on the trading day.

💼 This latest agreement adds to Classover’s previously announced $400 million equity purchase agreement, potentially boosting its total financing capacity to $900 million. Prior to this, the company had already begun its SOL reserve strategy by purchasing 6,472 SOL for approximately $1.05 million.

🚀 Federal Reserve's Commitment to Clear Digital Asset Regulations

🗣 The Federal Reserve is intensifying its efforts to clarify regulations surrounding digital assets, aiming to foster innovation in cryptocurrency and financial technologies. During a speech at Georgetown University, Vice Chair for Supervision Michelle W. Bowman highlighted the need for clearer oversight as part of her initiative to modernize regulatory practices.

🔍 Bowman emphasized that uncertainty in current supervisory guidance has hindered banks' ability to innovate, particularly in areas like digital assets and artificial intelligence. She pointed out that previous regulations often created confusion, stating,

Uncertainty in supervisory expectations has long been an obstacle to banks seeking to innovate.

To address this, she pledged to review existing guidelines to remove any that impede technological progress without enhancing safety.

💬 Bowman also referenced past initiatives, such as the Fed’s “office hours” sessions, which aimed to provide transparency and encourage dialogue between regulators and financial institutions. She suggested revisiting these formats to facilitate better communication regarding digital assets.

🔗 Looking forward, Bowman stressed the importance of balancing innovation with prudent oversight. She remarked,

Just as it is imperative that banks innovate to remain competitive in the future, it is critical that bank supervisors enable the adoption of new technologies in a manner consistent with safety and soundness.

This approach reflects the Federal Reserve's commitment to support the evolving landscape of financial technology while ensuring regulatory frameworks are clear and effective.

🌍 Ron Paul Warns: BRICS 'Rio Reset' Could Dismantle Dollar Supremacy

🚨 Former Congressman Ron Paul has raised alarms about the upcoming BRICS summit, scheduled for July 6-7, 2025, in Rio de Janeiro. He claims that the BRICS nations—Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the UAE—are poised to launch the "Rio Reset", a plan aimed at challenging the U.S. dollar's dominance in global trade. Paul stated,

The BRICS alliance is preparing their ‘Rio Reset’ this July – exactly the challenge to dollar hegemony I’ve been predicting.

💔 Paul warns that this initiative could have serious repercussions for the U.S. economy. A decline in the dollar's status as the world's reserve currency could weaken its purchasing power and destabilize retirement accounts, pensions, and government benefits. He cautioned,

When fiat money faces competition, Americans discover the true cost of endless money printing.

📈 In a message on Birch Gold Group, Paul elaborated on the BRICS summit:

In July, the BRICS nations will meet in Rio de Janeiro to unveil their most ambitious plan yet: To create an alternative to the dollar-based financial system that has dominated global trade for 80 years.

He noted that the last major shift in the global financial system occurred when the U.S. dollar replaced the British pound as the dominant reserve currency. Paul remarked,

Today, it’s the dollar that’s on the way out.

💰 He emphasized the importance of gold as a safeguard against currency devaluation, stating,

Gold represents real, honest money that can’t be manipulated or devalued.

He urged individuals to consider transitioning their retirement accounts into gold-backed options.

🌐 The BRICS bloc has been actively working to reduce its reliance on the U.S. dollar. While establishing a single BRICS currency is not their primary goal, the group aims to expand trade settlements in local currencies. In April, Russia reported that national currencies accounted for over 65% of trade among BRICS countries, while the dollar's share had fallen to one-third.