Over 3.5 million US dollars, both NEAR and OKB spot markets have seen large orders piling up

According to Wintermute, the US stock market hit a new high last week, with BTC and ETH experiencing a slight correction. BTC fell about 1.5% to around $76600, while ETH fell about 1.7%. In the past two weeks, BTC spot ETFs have accumulated a net outflow of over 2 billion US dollars. Recently, institutional buying that pushed BTC up to 80000 US dollars has clearly receded, and ETH/BTC has fallen to a 10 month low. The US stock market continued to rise, driven by the decline in oil prices and US bond yields. After Nvidia announced its performance, the reaction after the market was flat, and the AI sector may have been "perfectly priced". Wintermute pointed out that the BTC price range of $75000 to $76000 has become a key support.

According to Wintermute's analysis, the macro environment has improved but the cryptocurrency market has shown weakness. Brent crude oil fell 9% due to easing tensions in Iran, causing the 10-year yield on US Treasury bonds to fall to 4.5%. US stocks rose for eight consecutive weeks, reaching a historic high. The consumer confidence index fell to a historic low of 44.8, and one-year inflation expectations rose to 4.8%. Nvidia's Q1 revenue was $81.6 billion, a year-on-year increase of 85%. It announced a $80 billion buyback, but the market response was lukewarm. BTC hovers around $76000, ETH drops to $2140, and BTC spot ETF outflows exceed $2 billion in two weeks. The ETH/BTC exchange rate hit a 10 month low, and HYPE's daily ETF inflow reached a new high of $255 million. The key support level for BTC is between $75000 and $76000, and if it falls or retraces to the $70000 to $72000 range.

According to the Securities and Futures Commission of Hong Kong, the Hong Kong Treasury and the Securities and Futures Commission have released a consultation summary on the regulatory system for virtual assets, and the proposed virtual asset licensing system has received widespread market support. The new system follows the principle of "same business, same risk, same rules", is consistent with the scope of regulated activities in categories 4 and 9 of the Securities and Futures Ordinance, and covers virtual asset trading and custody licensing systems, aiming to enhance participation in the Hong Kong digital asset market and build a stable and secure ecosystem.

The Financial Services and the Treasury Bureau of Hong Kong and the Securities and Futures Commission have released a consultation summary confirming the establishment of a licensing system for virtual asset advisors and management service providers. The new system is designed based on the business scope of Class 4 and Class 9 of the Securities and Futures Regulations, and is included in the Anti Money Laundering and Counter Terrorist Financing Regulations. The goal is to submit a draft amendment by 2026. Along with the arrangement of trading and custody licenses, Hong Kong will form a regulatory framework covering the entire chain of virtual assets, and relevant institutions are encouraged to communicate with the Securities and Futures Commission on licensing matters as soon as possible.

The bitcoin price chart is forming a potential lower high while ether languishes in a months-old range even as S&P 500 and Nasdaq 100 index futures push higher. What to know : The price of bitcoin has dropped 7% over two weeks and may confirm another lower high in a bearish structure dating back to October Ether fared even worse after shedding more than 10% over the same period. AI-linked tokens are bucking the weakness, with the CoinDesk Computing Select Index adding 1.9%, led by RENDER and FET, while the DeFi Select Index gained 1.3%. Privacy tokens are broadly lower, with ZEC, XMR and DASH falling as much as 7%.