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As market risk appetite rebounds, altcoins have recently outperformed Bitcoin overall, with the Hyperliquid ecosystem token HYPE leading the 24-hour gains. Data shows that funds are shifting from Bitcoin and Ethereum to high-volatility assets, driving up certain DeFi and trading platform-related tokens. Analysts point out that improved risk sentiment among traders and active derivatives markets are important reasons for the recent outperformance of altcoins against BTC.

Due to issues with the project's nodes, Binance's originally scheduled launch of Gensyn (AIGENSYN) on May 14, 2026, at 21:00 will be further postponed to May 15, 2026, at 01:00.

Binance's Gensyn (AIGENSYN), originally scheduled to launch on May 14, 2026, at 21:00, will be postponed to launch at 23:00 on the same day.

U.S. Judge Margaret M. Garnett in New York postponed the ruling on Aave's emergency application on Wednesday, which aims to unfreeze $71 million in ETH related to the Kelp DAO hacking incident, and requested both parties to submit supplemental briefs before the hearing on June 5. Aave is attempting to reclaim the $71 million in ETH frozen on Arbitrum to assist in the asset recovery efforts from this hacking incident—Kelp DAO suffered losses of up to $293 million from the hack, making it one of the most severe security incidents in the DeFi space this year.However, the U.S. law firm Gerstein Harrow LLP submitted a restraining order to the court in early May, claiming that its client has rights to the aforementioned funds. Aave then filed an emergency motion to lift the freeze, warning that if the funds are not released in a timely manner, it could lead to user liquidations and potentially impact the entire DeFi market. Judge Garnett noted in her ruling that Aave failed to adequately explain how user funds would incur "compound losses" if the restraining order remained in place. She also acknowledged the complexity of the case, the risks faced by the victims, and requested both parties to provide supplemental statements on six key issues, including: whether the hacking transaction is subject to New York state sanctuary principles, the legal distinctions between fraud and theft and what rights the hacker has over the stolen assets, which laws apply to determine the priority of claims for frozen assets, whether constructive trusts are an appropriate remedy, and whether Aave or Arbitrum can identify individual victims and proportionally return assets. Both parties must submit supplemental briefs by May 22.Meanwhile, the overall compensation work for Kelp DAO is progressing. Kelp and Aave announced on Tuesday that the rsETH held by the hacker has been destroyed on Arbitrum, and approximately $278 million in loss tokens will be restored within the next two weeks through the funds of the Aave Recovery Guardian multi-signature wallet. Once the relevant smart contracts are reactivated, all functions of rsETH will return to normal.

According to CoinDesk, Ethereum application developer Consensys has postponed its potential IPO plans until at least the fall due to unfavorable market conditions. Consensys had planned to confidentially submit an S-1 registration statement to the SEC by the end of February this year and had hired JPMorgan and Goldman Sachs to lead the process.In February 2026, the cryptocurrency market saw a significant decline due to macroeconomic uncertainties, tariff concerns, and outflows from Bitcoin ETFs, leading several crypto companies to suspend their IPO plans. BitGo was the only crypto-native company to go public in 2026, but its stock price fell about 36% from its IPO price. A Consensys spokesperson stated that they do not comment on market speculation. Consensys completed a $450 million Series D funding round in early 2022, with a valuation of $7 billion.

According to CoinDesk, hardware wallet manufacturer Ledger has suspended its plans to go public in the U.S. due to unfavorable market conditions. Sources say that Ledger had discussions with investment banks such as Goldman Sachs, Jefferies, and Barclays about an IPO in the U.S. this year, with a potential valuation of around $4 billion, but has not yet submitted an S-1 registration document to the SEC. The company is evaluating other options, including private financing.The report points out that after several crypto companies go public in 2025, many institutions, including Kraken, have postponed their IPOs due to weakening token prices, declining trading volumes, and stock market volatility. Additionally, the only crypto-native company that went public in 2026, BitGo, has seen its stock price drop about 36% below its offering price.

Bloomberg's senior ETF analyst Eric Balchunas posted on the X platform that since March of this year, the Bitcoin spot ETF $IBIT has significantly outperformed the gold ETF $GLD, leading by 33 percentage points.In terms of capital, $IBIT saw a net inflow of $4.2 billion during this period, while $GLD experienced a net outflow of $9 billion, resulting in a total capital flow difference of up to $13 billion between the two.

Avant posted on platform X that after communicating with multiple stakeholders, partners, and market trust figures, and based on an assessment of market conditions, it has decided to postpone the TGE until mid-September. Avant stated that current DeFi tokens are under significant pressure, and there have been several protocol vulnerability incidents in the field in recent months. Although Avant has maintained growth during this period, it is still indirectly affected by category pressures.Avant indicated that it expects the market to recover and will advance multiple collaborations during this time, continue TVL growth, and expand products. Points accumulation will stop on May 15, and the allocations that users have received are protected, allowing participation in the subsequent TGE. The Avant team will hold a public Space on Thursday at 2 PM Eastern Time.

According to GMGN data, the top 5 trending sector tokens in the past 24 hours are as follows:BMNTP (6EQK....ump): Currently priced at $0.0002, market cap of $140,000, 24h increase of +4.57K%, 24h trading volume of $11.38 million, number of trades 119,400;MAGA (Hon2....ump): Currently priced at $0.0061, market cap of $5.89 million, 24h decrease of -35%, 24h trading volume of $3.09 million, number of trades 128,520;Goblin (3KHM....ump): Currently priced at $0.021, market cap of $14.86 million, 24h increase of +132.7%, 24h trading volume of $13.87 million, number of trades 50,463;HANTA (2tXp....s9y): Currently priced at $0.0027, market cap of $2.68 million, 24h decrease of -20.2%, 24h trading volume of $3.65 million, number of trades 28,614;AGI (4ZEz....ump): Currently priced at $0.0006, market cap of $520,000, 24h decrease of -29.4%, 24h trading volume of $3.60 million, number of trades 36,683;

Goldman Sachs has postponed its predictions for the next two Federal Reserve rate cuts to December 2026 and March 2027. The report indicates that the transmission of energy costs may keep core Personal Consumption Expenditures (PCE) inflation around 3% for the entirety of 2026, above the Federal Reserve's 2% target. Previously, the International Monetary Fund (IMF) also predicted that core PCE would not return to 2% until early 2027 at the earliest.Goldman Sachs' U.S. economists believe that a cooling of monthly data and a weakening labor market need to occur before rate cuts happen. The Federal Reserve maintained the federal funds rate at 3.50% to 3.75% on April 29, with four dissenting votes, the most since 1992. According to CME FedWatch data, the market sees a 93.4% probability that rates will remain unchanged at the June 17 meeting. Lindsay Rosner from Goldman Sachs Asset Management previously stated that hawks may have the upper hand at the June FOMC meeting. For the cryptocurrency market, the delay in rate cuts tightens liquidity flowing into risk assets, and a stronger dollar tends to suppress the valuation of crypto assets.

Data shows that since the escalation of the situation in Iran, Bitcoin has continued to perform strongly relative to gold, with the BTC/Gold ratio increasing by approximately 35% to 36%.

According to CoinDesk, real estate investor Grant Cardone stated at the Consensus conference that his company has simultaneously increased its holdings of $100 million in Bitcoin to its corporate treasury as part of a $235 million real estate acquisition.Cardone indicated that this latest allocation is an addition to an earlier Bitcoin purchase made in 2025. At that time, Cardone Capital incorporated 1,000 Bitcoins into its balance sheet, with that position valued slightly above $100 million, bringing the company's total Bitcoin exposure to about $200 million. He believes that this combination strategy of holding income-generating real estate along with Bitcoin will outperform real estate investment trusts (REITs).Cardone stated that traditional REITs can never structurally incorporate Bitcoin into their balance sheets, while his strategy aims to combine stable real estate cash flow with the upside potential of Bitcoin, expecting to achieve returns of 22% to 32%. He mentioned that 80% of the investors in the company's fund had never held Bitcoin before, and this strategy is designed to introduce this asset to crypto newcomers.

According to The Block, CoinShares released a report showing that last week, global crypto asset ETPs recorded a net inflow of $117.8 million, achieving a fifth consecutive week of net inflows, with a cumulative inflow of over $4 billion in five weeks and a total management scale of approximately $155 billion. However, the funding structure has shown significant differentiation.The report pointed out that from Monday to Thursday, there was a total net outflow of $619 million, but on Friday, a large inflow of $737 million was recorded in a single day, reversing the week to a net inflow, reflecting a significant rebound in market risk appetite before the weekend. From a regional perspective, net inflows in the U.S. market dropped to $47.5 million, a significant slowdown compared to the previous week's $1.1 billion; Germany and Canada recorded inflows of $43.8 million and $16 million, respectively, with European funds performing relatively steadily.In terms of assets, Bitcoin-related products led the way with a weekly inflow of $192.1 million, of which the U.S. spot ETF contributed approximately $162.8 million; Ethereum products, on the other hand, saw a net outflow of $81.6 million. Analysts believe that the number of participating assets has decreased from 9 to 4, indicating that market sentiment weakened significantly in the middle of the week before showing signs of recovery.

According to Reuters, the U.S. Securities and Exchange Commission (SEC) has delayed the review of the first batch of predictive market ETFs, resulting in the postponement of more than 24 products originally scheduled for launch. Insiders revealed that the SEC is requesting issuers to provide further clarification on product mechanisms and information disclosure details, and this delay is expected to be temporary.Issuers such as Roundhill Investments, Bitwise Asset Management, and GraniteShares submitted applications in February this year to launch ETF products linked to real-world events such as election results, economic recessions, tech layoffs, and oil prices.According to SEC rules, ETF applications typically become effective automatically 75 days after submission unless the regulatory agency intervenes. Currently, Roundhill has set May 5 as the effective date, and Bitwise and GraniteShares' products are also expected to launch around the same time. The market is closely watching whether the SEC will ultimately approve these products that open up the "event contract" asset class.Bitwise Chief Investment Officer Matt Hougan stated, "This is a rapidly maturing field, and regulation is maturing in parallel," noting that innovative products like Bitcoin ETFs have also gone through a lengthy review process but ultimately launched successfully.

According to The Block, asset management company WisdomTree disclosed that its cryptocurrency exchange-traded products (ETPs) recorded a net inflow of $137 million, a significant improvement compared to a net outflow of $89 million during the same period in 2025.As of the end of the first quarter, WisdomTree's total assets under management (AUM) rose to $152.6 billion, an increase of over 30% year-on-year, with strong capital inflows in the U.S. and European market products being the main driving force.Its cryptocurrency ETP AUM grew to approximately $1.8 billion in the first three months, a year-on-year increase of 15%. However, affected by the decline in digital asset prices, the initial AUM of about $2.2 billion for cryptocurrency ETPs shrank by approximately $596 million during the quarter.WisdomTree also stated that it has launched new cryptocurrency ETP products tracking Bitcoin, Ethereum, XRP, and Solana this quarter, and continues to advance the tokenization of real-world assets (RWA). Related products have been deployed on Ethereum and multiple chains such as Arbitrum, Avalanche, Base, Optimism, as well as the Stellar network.

According to Jin Shi reports, Morgan Stanley stated on Wednesday that due to persistent inflation in the United States and resilient economic performance, the bank has abandoned its previous forecast for a Federal Reserve rate cut in 2026 and now expects cuts to begin next year. The bank noted that inflation remains above the Federal Reserve's 2% target, and recent economic data indicates that growth and the labor market remain strong, reducing the urgency for further policy easing. Morgan Stanley expects the Federal Reserve to implement rate cuts in January and March of next year.

According to BBX data, several listed companies disclosed their latest reserve actions yesterday, with the core dynamics as follows:Tron Inc. (NASDAQ: TRON) announced that it increased its holdings of 154,494 TRX tokens at an average price of $0.3236 yesterday, further raising the total amount of TRX in its treasury to over 693.3 million tokens.The Jupiter Strategic Reserve Trust, Jupiter Litterbox Trust, increased its holdings by 211,474 JUP yesterday, valued at approximately $36,000. This month, it has accumulated a total purchase of 9,405,535 JUP, valued at about $1.63 million. As of now, its total purchases amount to 113,508,785 tokens, valued at approximately $19.76 million.Nasdaq-listed Bitcoin mining company Bitdeer (NASDAQ: BTDR) released the latest data on its Bitcoin holdings. As of the week of April 24, the Bitcoin mining output was 185.7 Bitcoins, but the same amount was sold during the same period, resulting in a net addition of 0 Bitcoins, and it currently maintains zero Bitcoin holdings.

According to The Block, AWS Marketplace has integrated data services such as Chainlink's Data Feeds, Data Streams, and Proof of Reserve, supporting developers in connecting AWS's computing, storage, database, and API capabilities with blockchain smart contracts.AWS stated that the Chainlink oracle infrastructure provides a secure two-way connection between AWS resources and on-chain smart contracts, making it easier for institutions to develop applications that interact with tokenized assets and smart contracts in a familiar AWS environment.

According to PR Newswire, Valour, a subsidiary of DeFi Technologies, has secured approximately $11 million in institutional investment to purchase its Hedera (HBAR) related ETP products, with about $10 million corresponding to products listed on the Frankfurt Stock Exchange and about $1 million corresponding to Valour Hedera SEK listed on the Swedish Spotlight Exchange.DeFi Technologies stated that these two transactions were facilitated by its Abu Dhabi seminar, reflecting the growing institutional demand for gaining exposure to Hedera through regulated exchange-traded products and supporting its asset management growth in the German market.

According to The Block, Thom Tillis, a key negotiator for the U.S. Senate Banking Committee and a Republican senator from North Carolina, stated that the committee is unlikely to schedule a hearing to revise and vote on the cryptocurrency market structure bill within April.The main disagreement in the current legislation centers on how to handle rewards for stablecoins. The existing draft proposes to prohibit rewards for idle stablecoin accounts but allows earnings from trading activities; banking representatives are concerned that such earnings will attract deposits away from traditional banks, while cryptocurrency companies argue that limiting rewards will hinder innovation. Tillis suggested that the committee postpone the review until May.Previously, Senator Bernie Moreno warned that if the bill fails to pass before May, "digital asset legislation will not advance in the foreseeable future."