20%

According to Cointelegraph, multiple analysts have pointed out that Ethereum faces downside risks, with ETH potentially dropping another 20% to the $1,700 range. The increase in holdings on trading platforms and the decline in ETF demand are the main sources of pressure.CryptoQuant analyst BorisD noted that from May 5 to May 9, the ETH reserves on Binance surged from 3.36 million to 3.84 million, while the price dropped 7% from $2,390 to $2,260 during the same period. He stated, "This indicates that liquidity is being absorbed and distributed simultaneously. The overall structure still points to dominant downside risks."Another analyst, PelinayPA, shares the same view, believing that any short-term rebound will "be accompanied by high volatility, followed by a continuation of a broader downward trend," and added, "A large amount of ETH continues to flow into trading platforms, creating significant resistance to price increases." The net inflow of ETH to trading platforms surged to 585,000, marking the largest single-day inflow since December 2025—at that time, the ETH price was around $3,000, which subsequently dropped to $1,750 in February this year, a decline of 42%. Such large-scale inflows typically indicate that large holders are offloading.Meanwhile, the demand for spot Ethereum ETFs continues to weaken, recording net outflows for four consecutive days, with a total outflow amounting to $190 million. From a technical perspective, the ETH daily chart shows that the ascending wedge pattern has broken below the support level of $2,280. If the daily closing price confirms a break below, the target will point to the wedge measurement target of $1,725, a 22% drop from the current price, aligning with the macro low on February 6 of this year.Analyst ShangoTrades stated that this breakdown "is starting to become concerning." From a longer-term perspective, analyst CryptoBullGod pointed out that the measurement target for the ETH weekly bear flag pattern is $1,280.

According to the Korea Herald, Korea Investment & Securities is jointly promoting a plan with OKX to acquire approximately 20% of Coinone's shares, with both parties planning to acquire about 20%, primarily through the issuance of new shares. This investment is mainly financial and is expected not to involve a change in management rights. However, there are opinions in the industry that OKX may seek to participate in management and gain substantial influence in the future, which would make it the second case of a large foreign exchange attempting to control the management rights of a Korean original currency exchange after Binance's acquisition of Gopax.Currently, the main shareholders of Coinone are: The One Group holds 34.30%, Com2uS Holdings holds 21.95%, founder and CEO Cha Myung-hoon holds 19.14%, and Com2uS Plus holds 16.47%.

According to a report by Reuters, the American cybersecurity service company Cloudflare announced it will lay off about 20%, or more than 1,100 employees, to reorganize operations around the application of AI tools. CEO Matthew Prince stated that the company is redesigning each team and function to adapt to the era of agent-based AI.Cloudflare stated that its own AI usage has increased more than sixfold over the past three months, and this layoff is a redesign of internal processes and positions, rather than due to employee performance or short-term cost pressures. Cloudflare expects second-quarter revenue to be around $664 million to $665 million, slightly below the analyst expectation of $665.3 million.

Zhao Changpeng (CZ) stated at the Consensus Miami 2026 conference that YZi Labs is currently investing 70% of its funds in blockchain, 20% in AI, and 10% in biotechnology. The positioning of BNB should be as the native currency for AI Agents, and all blockchains need to be "AI ready," supporting agent payments and protocols for AI tools like MCP. Cryptocurrency should be the most native way for AI Agents to conduct cross-border payments. Regarding RWA, CZ mentioned that a year ago he believed RWA was overvalued, but he has changed his view; RWA is real and currently undervalued.

According to The Block, BlackRock submitted a letter of opinion to the Office of the Comptroller of the Currency (OCC), opposing several reserve asset restrictions proposed in the draft implementation rules of the GENIUS Act.BlackRock opposes setting the cap on tokenized reserve assets at 20%, as this limitation would restrict the development of its products such as the BUIDL fund. The BUIDL fund supports over 90% of the shares of USDtb under Ethena and JupUSD under Jupiter. BlackRock also requested that the OCC confirm whether Treasury bond ETFs qualify as reserves and include two-year floating rate Treasury bonds in the list of eligible assets.

The token CAS issued by the Base ecosystem AI project Caspius has been continuously rising since its launch yesterday afternoon, reaching a market cap high of $18 million, currently reported at $16.6 million, with a 24-hour increase of 220%.It is reported that Caspius is an embodied AI data infrastructure project focusing on robot training data.ChainCatcher reminds users that meme coin trading is highly volatile, largely relying on market sentiment and conceptual speculation, with no actual value or use case; investors should be aware of the risks.

According to DL News, data from CoinMarketCap shows that the MEME coin sector has risen nearly 20% in the past month, with a total market capitalization increasing to $34 billion, but it is still down about 75% from its peak of nearly $140 billion in December 2024.Analysts say that this round of rebound is mainly driven by improved risk appetite, increased on-chain speculation, and significant gains in a few leading tokens, which may not fully reflect the overall health of the sector. Dogecoin remains the MEME coin with the highest market capitalization and trading volume, but it has fallen 87% from its peak in 2021. In addition, the SEC and CFTC recently proposed a classification framework for five types of tokens, categorizing meme coins as collectibles; Canary Capital has also submitted a Pepe ETF application to the SEC.

According to on-chain analysis platform Nansen, in the past 24 hours, whale and celebrity wallets have continued to accumulate HYPE, while exchange supply has decreased by 22.86% during the same period. Specifically, the high-balance address [Adeub6BN] made five consecutive purchases in one afternoon, with each transaction amounting to between $51,000 and $99,000; the address lajay.sol made another purchase of about $66,000 eight hours ago; Token Millionaire [GJvewfRj] directly withdrew HYPE from the Meteora liquidity pool.

According to Jinshi reports, U.S. President Trump stated in an interview that he was surprised by the rebound of the stock market during the Iran war, as he originally thought the Dow Jones index would drop by 20%.

According to GMGN data, the market capitalization of the ETH chain meme coin WOJAK has risen to over 40 million USD, currently reported at 39.86 million USD, with a daily increase of over 320%.Odaily reminds users that meme coin prices are highly volatile, and investors should participate with caution.

According to GMGN monitoring, the market value of the BSC chain meme coin "Lobster" briefly surged, reaching a high of 10 million USD, currently reported at 9.8 million USD, with an increase of 21% in the last 2 hours and a 24-hour trading volume of 1.9 million USD.Meme coin trading is highly volatile, largely relying on market sentiment and speculative concepts, with no actual value or use case; investors should be aware of the risks.

According to Binance spot data, the market has experienced significant fluctuations. ONG has dropped by 13% in 24 hours, and IDEX has decreased by 20.83%, showing a "high and then low" state.In addition, FET and AIXBT have also shown a "high and then low" state, with 24-hour declines of 6.01% and 5.58%, respectively. Meanwhile, PARTI and C have reached a "bottoming rebound" state, increasing by 5.36% and 5.98%, respectively. Finally, ATA has hit a new low for the week, with a decline of 14.01%.

According to monitoring by Hyperinsight, U.S. stock cryptocurrency concept stocks collectively fell back, with Circle (CRCL) down 20.1%. The contract for this asset on Hyperliquid is currently reported at $102.7.During this sharp decline, two on-chain whales (0xcee) and (0x51b) simultaneously took action to bottom-fish early this morning, each opening about $1 million in CRCL long positions, with average entry prices of $106 and $103 respectively, and the liquidation price for the closest one is at $95.8.

According to The Block, Ark Invest, led by Cathie Wood, recently purchased 161,513 shares of Circle stock through its ETF, valued at approximately $16.34 million based on the closing price of $101.17 on that day. This move occurred as Circle's stock price plummeted by 20% on the same day.Ark also sold 41,064 shares of Bullish stock, valued at approximately $1.53 million. The decline in Circle's stock price was attributed to several negative factors: a draft version of the U.S. Clarity Act was leaked, which could prohibit earning income solely from holding stablecoins; Mizuho analysts believe this will impact Circle's USDC business; on-chain investigator ZachXBT revealed that Circle froze the USDC balances of 16 hot wallets related to various enterprises, raising concerns about centralized risks; additionally, competitor Tether announced it would advance its first comprehensive financial audit and hire one of the Big Four accounting firms, which could undermine Circle's advantage as a transparent and compliant alternative. Circle's stock price rebounded by 1.5% in after-hours trading.

According to Gate market data, U.S. stocks closed lower on Tuesday, with the Dow Jones Industrial Average initially down 0.18%, the S&P 500 index down 0.37%, and the Nasdaq down 0.8%. Dell (DELL.N) rose 7%, Supermicro (SMCI.O) rose 3%, and Circle (CRCL.N) fell sharply by 20%. The Nasdaq Golden Dragon China Index fell 0.4%, while Li Auto (LI.O) rose over 3%.

According to GMGN monitoring, the Meme coin "4" on the BSC chain continued to rise last night and this morning, with its market value surging from 7.5 million dollars to 9.7 million dollars, currently reported at 9.2 million dollars, with a 24-hour increase of 20%, and a trading volume of 1.6 million dollars during the same period.ChainCatcher reminds users that Meme coin trading is highly volatile, largely relying on market sentiment and speculative concepts, with no actual value or use cases, and investors should be aware of the risks.

According to market news, the Commodity Futures Trading Commission (CFTC) has provided detailed guidance on a pilot program for using crypto assets as collateral. The regulatory agency has notified futures commission merchants (FCMs) that participation in the pilot requires submitting a notice to the market participants division, stating the start date for accepting crypto assets as margin. Key points include:Capital Requirements: Only Bitcoin, Ethereum, and stablecoins can be accepted as collateral, with BTC/ETH calculated at a 20% capital adequacy ratio and stablecoins at 2%. Futures brokers participating in the pilot can only accept Bitcoin, Ethereum, or stablecoins in the first three months;Compliance and Reporting Obligations: Futures brokers participating in the pilot must promptly report significant cybersecurity or system issues and submit weekly reports on the total amount of crypto assets in customer accounts;Expansion After Three Months: Other crypto assets may be used as collateral after three months, while some reporting requirements will be terminated;Limited Use: Only the remaining rights of dedicated payment stablecoins deposited into customer segregated accounts are allowed; crypto assets cannot be used for uncleared swap collateral, but eligible tokenized assets may be substituted.Derivatives Clearing Organization Requirements: Clearing organizations that meet CFTC credit, market, and liquidity risk requirements may accept crypto assets and stablecoins as initial margin for cleared transactions.

According to GMGN data, SIREN has risen above $0.77, currently reported at $0.766, with an intraday increase of over 20%. The market is highly volatile, and users are advised to pay attention to risks.