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According to SoSoValue data, yesterday (Eastern Time May 14), the total net inflow of Bitcoin spot ETFs was $131 million.The Bitcoin spot ETF with the highest single-day net inflow yesterday was Blackrock ETF IBIT, with a single-day net inflow of $144 million. Currently, IBIT's historical total net inflow has reached $65.917 billion.The second was Bitwise ETF BITB, with a single-day net inflow of $17.7038 million. Currently, BITB's historical total net inflow has reached $2.086 billion.The Bitcoin spot ETF with the highest single-day net outflow yesterday was Grayscale ETF GBTC, with a single-day net outflow of $31.6357 million. Currently, GBTC's historical total net outflow has reached $26.4 billion.As of the time of publication, the total net asset value of Bitcoin spot ETFs is $107.746 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.61%. The historical cumulative net inflow has reached $58.630 billion.

According to BIT analysis, if Bitcoin could keep up with the Nasdaq's rise, the current price should be close to $140,000. The relative underperformance of Bitcoin may be related to the resurgence of inflation since the third quarter of 2025. Overall, Bitcoin had generally followed the fluctuations of the Nasdaq, but since October 2025, the divergence between the two has begun to widen significantly. At that time, the latest CPI reading had risen back to 3%, which is 100 basis points above the Federal Reserve's target, and the interest rate market also began to gradually retract some pricing for rate cuts in 2026. This is precisely the source of the pressure on Bitcoin; its upward logic relies on expectations of Federal Reserve easing, and once the market starts to retract pricing for rate cuts, performance often comes under pressure. Subsequently, this logic continued to influence Bitcoin's trend.Stocks, on the other hand, are completely different. As long as the market still views inflation as mild and temporary, a rise in inflation can actually be beneficial for stocks: even if sales do not increase significantly, it can boost nominal corporate income, reduce real debt burdens, and enhance the attractiveness of stocks as a hedge against purchasing power. The latest U.S. inflation data seems to have caught some market participants off guard, although the agency's model had previously indicated that price pressures might rise again. The current key question is whether this round of inflation expectation repricing will weaken the ongoing positive fundamentals for Bitcoin; and how investors should adjust their positions in this context.

According to SoSoValue data, the overall cryptocurrency market is on an upward trend, with the DeFi sector performing exceptionally well, rising 5.15% in 24 hours. Among them, TAC (TAC) increased by 30.88%, influenced by factors such as the approval of the Bitwise Hyperliquid ETF, while Hyperliquid (HYPE) rose by 19.02%. Additionally, Bitcoin (BTC) increased by 2.20%, returning above $81,000; Ethereum (ETH) rose by 0.80%, approaching the $2,300 mark.It is worth noting that MAG7.ssi rose by 2.30%, DEFI.ssi increased by 7.55%, and MEME.ssi rose by 1.64%.In other sectors, the PayFi sector rose by 3.42% in 24 hours, with Telcoin (TEL) increasing by 13.85%; the Layer1 sector rose by 1.85%, with Canton Network (CC) increasing by 8.05%; the Layer2 sector rose by 1.27%, with ImmutableX (IMX) increasing by 8.93%; the CeFi sector rose by 1.14%, with FTX (FTT) increasing by 5.45%; the Meme sector rose by 0.11%, with TROLL (TROLL) increasing by 18.37%.Only the AI sector fell by 2.18%, but Billions Network (BILL) rose by 7.80%.The cryptocurrency sector indices reflecting historical market trends show that the ssiDeFi, ssiPayFi, and ssiSocialFi indices increased by 6.60%, 3.73%, and 2.50%, respectively.

According to SoSoValue data, yesterday (Eastern Time May 13), the total net outflow of Bitcoin spot ETFs was $635 million.The Bitcoin spot ETF with the highest net outflow yesterday was the Blackrock ETF IBIT, with a net outflow of $285 million. Currently, the historical total net inflow of IBIT has reached $65.773 billion.The second highest was the Ark Invest and 21Shares ETF ARKB, with a net outflow of $177 million. Currently, the historical total net inflow of ARKB has reached $1.451 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $105.010 billion, with an ETF net asset ratio (market value compared to the total market value of Bitcoin) of 6.58%. The historical cumulative net inflow has reached $58.499 billion.

According to SoSoValue data, the cryptocurrency market is generally in a pullback, with the NFT sector leading the decline at 3.95% over 24 hours. Within the sector, Audiera (BEAT) rose by 6.27%, while ApeCoin (APE) fell by 4.64%. Additionally, Bitcoin (BTC) dropped by 1.93%, falling below $80,000; Ethereum (ETH) decreased by 1.23%, dropping below $2,300.In other sectors, the Meme sector fell by 0.25% over 24 hours, with TROLL (TROLL) relatively strong, rising by 24.93%; the CeFi sector declined by 0.6%, with Cronos (CRO) down by 5.54%; the PayFi sector decreased by 1.69%, with Dash (DASH) down by 6.84%; the Layer1 sector fell by 2.15%, but Canton Network (CC) rose by 1.45%; the DeFi sector dropped by 3.16%, with LAB (LAB) significantly rising by 22.84%; the AI sector decreased by 3.57%, with Unibase (UB) peaking at 32.63% during the day; the Layer2 sector fell by 3.6%, with zkSync (ZK) down by 8.37%.The cryptocurrency sector indices reflecting historical market trends show that the ssiRWA, ssiAI, and ssiSocialFi indices fell by 9.26%, 9.25%, and 8.42%, respectively.

According to SoSoValue data, the total net outflow of Bitcoin spot ETFs is $233 million. The Bitcoin spot ETF with the highest net inflow yesterday was the Morgan Stanley ETF MSBT, with a net inflow of $6.0195 million for the day, and the historical total net inflow of MSBT has reached $226 million.The Bitcoin spot ETF with the highest net outflow yesterday was the Fidelity ETF FBTC, with a net outflow of $86.1294 million for the day, and the historical total net inflow of FBTC has reached $11.045 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $107.312 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.64%, with a historical cumulative net inflow of $59.134 billion.

According to SoSoValue data, the total net outflow of Ethereum spot ETFs is $131 million. The Ethereum spot ETF with the highest net inflow in a single day is Blackrock Staked ETH ETF ETHB, with a single-day net inflow of $11.7469 million, and the historical total net inflow of ETHB has reached $517 million.The Ethereum spot ETF with the highest net outflow in a single day is Blackrock ETF ETHA, with a single-day net outflow of $102 million, and the historical total net inflow of ETHA has reached $11.897 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $13.393 billion, and the ETF net asset ratio (the market value as a percentage of the total market value of Ethereum) is 4.86%, with a historical cumulative net inflow of $11.939 billion.

According to SoSoValue data, the total net outflow of Ethereum spot ETFs is $16.8868 million. The Ethereum spot ETF with the highest single-day net inflow is the Blackrock ETF ETHA, with a single-day net inflow of $2.1186 million, and the historical total net inflow of ETHA has reached $11.999 billion. The Ethereum spot ETF with the highest single-day net outflow is the Grayscale Ethereum Trust ETF ETHE, with a single-day net outflow of $7.587 million, and the historical total net outflow of ETHE has reached $5.272 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs is $13.85 billion, and the ETF net asset ratio (the market value as a percentage of Ethereum's total market value) is 4.91%, with a historical cumulative net inflow of $12.07 billion.

As the first federally chartered crypto bank in the United States, Anchorage Digital has stated that it will reduce its involvement in the Global Dollar (USDG) stablecoin alliance and will no longer play a more prominent role as it did previously. Members of the alliance include institutions such as Robinhood, Kraken, Galaxy Digital, OKX, and Visa Inc.Nathan McCauley, co-founder and CEO of Anchorage, stated that the company will adopt "a higher degree of neutrality" in the stablecoin issuance space in the future, avoiding targeted support for any single stablecoin to accommodate its expansion as a white-label issuance and custody platform. He pointed out that as more institutions seek to issue stablecoins through Anchorage (with about 20 potential partners currently), the company needs to reassess its incentive structures and alignment of interests.Currently, USDG is issued by Paxos Digital Singapore and regulated by the Monetary Authority of Singapore, with a circulation size of approximately $3 billion. Market participants generally believe that stablecoin issuance is entering a new phase of parallel development among multiple institutions and networks.

According to Jinshi reports, due to the lack of progress in the US-Iran peace talks, oil prices have risen, triggering market concerns about prolonged disruptions and intensified inflation, leading to a 1% drop in gold futures prices. Soojin Kim, an analyst at Mitsubishi UFJ Financial Group, stated that the market increasingly expects interest rates to rise to address inflation risks associated with high energy prices, which is unfavorable for gold. Meanwhile, strong US labor market data continues to support market expectations that the Federal Reserve will maintain high interest rates for a longer period.

According to SoSoValue data, last week's trading day saw a net inflow of $70.49 million for Ethereum spot ETFs. The Ethereum spot ETF with the highest net inflow last week was BlackRock ETHA, with a weekly net inflow of $100 million, bringing ETHA's historical total net inflow to $12 billion.The second highest was Grayscale Ethereum Trust ETH, with a weekly net inflow of $6.3257 million, and its historical total net inflow currently stands at $1.94 billion. The Ethereum spot ETF with the highest net outflow last week was Fidelity FETH, with a weekly net outflow of $32.1563 million, and its historical total net inflow is currently $2.26 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $13.73 billion, with an ETF net asset ratio of 4.94%, and the historical cumulative net inflow has reached $12.09 billion.

According to SoSoValue data, the cryptocurrency market sector shows a general upward trend, with the PayFi sector performing outstandingly, rising 3.26% in 24 hours. Among them, XRP rose 3.29%, Trust Wallet (TWT) rose 6.55%, and eCash (XEC) rose 12.85%. At the same time, Bitcoin (BTC) rose 1.17%, returning above $81,000; Ethereum (ETH) rose 1.75%, approaching $2,400.It is worth noting that MAG7.ssi rose 1.98%, DEFI.ssi rose 2.18%, and MEME.ssi rose 2.14%. In other sectors, the Layer2 sector rose 2.76% in 24 hours, with Mantle (MNT) rising 4.12%; the DeFi sector rose 2.56%, with Uniswap (UNI) rising 7.72%; the Meme sector rose 2.25%, with TROLL (TROLL) soaring 50.14%; the Layer1 sector rose 2.08%, with Sui (SUI) rising 24%; the AI sector rose 1.85%, with Unibase (UB) rising 13.24%; the CeFi sector rose 1.57%, with Cronos (CRO) rising 6.53%.The cryptocurrency sector indices reflecting historical market trends show that the ssiPayFi, ssiGameFi, and ssiLayer1 indices rose 3.34%, 2.76%, and 2.33%, respectively.

According to SoSoValue data, the total net outflow of Bitcoin spot ETFs is $146 million.The Bitcoin spot ETF with the highest net inflow yesterday was the Morgan Stanley ETF MSBT, with a net inflow of $5.7385 million for the day. Currently, the historical total net inflow of MSBT has reached $194 million.The Bitcoin spot ETF with the highest net outflow yesterday was the Fidelity ETF FBTC, with a net outflow of $97.6041 million for the day. Currently, the historical total net inflow of FBTC has reached $11.134 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $106.611 billion, with an ETF net asset ratio (market value as a percentage of total Bitcoin market value) of 6.67%. The historical cumulative net inflow has reached $59.34 billion.

According to SoSoValue data, yesterday (Eastern Time May 8), the total net inflow of Ethereum spot ETFs was $3.5747 million.The Ethereum spot ETF with the highest single-day net inflow yesterday was Blackrock Staked ETH ETF ETHB, with a single-day net inflow of $3.5747 million. Currently, the historical total net inflow of ETHB has reached $82.7645 million.As of the time of writing, the total net asset value of Ethereum spot ETFs is $13.732 billion, and the ETF net asset ratio (the market value as a percentage of the total market value of Ethereum) is 4.94%. The historical cumulative net inflow has reached $12.087 billion.

According to Jinshi reports, Federal Reserve official Harker stated that the Federal Reserve's signal regarding the next action being a rate cut is misleading.

According to CoinGlass data, in the past 4 hours, the leaderboard for contract positions has been led by stock index assets. HK50 positions are approximately $2.0061 million, with a growth rate of 5772.15%, ranking first; US30 positions are approximately $3.2118 million, with a growth rate of 779.86%, ranking second. The top two on the growth leaderboard are both products launched by Gate, significantly boosting the trading activity of related contracts.Gate has pioneered index perpetual contracts, using mainstream global indices and volatility indices as underlying assets, introducing market sentiment indicators into the cryptocurrency derivatives trading system, maintaining USDT settlement, and supporting 24/7 trading. The platform will continue to build a multi-asset contract system covering mainstream TradFi assets, providing users with more flexible multi-asset trading options.

According to statistics from the Web3 asset data platform RootData, the total disclosed financing amount in the crypto primary market in April 2026 is approximately $860 million. This month, a total of 55 financing events were disclosed (along with 5 mergers and acquisitions), which is similar to last month's 62 events, indicating stable overall activity.CeFi, infrastructure, and DeFi are the top three sectors in terms of financing amounts, with approximately $606 million (8 events), $105 million (14 events), and $90 million (19 events) respectively. Infrastructure had the highest frequency of activity this month with 14 events, as institutional attention continues to focus on foundational construction.The top three projects by financing amount are the Vietnamese CEX CAEX ($380 million, with investments from OKX Ventures and HashKey Capital), the global leading exchange Kraken ($200 million, strategic investment from Deutsche Bank), and the Layer1 project Pharos Network ($44 million in Series A). CAEX and Kraken together raised $580 million, accounting for about 67% of the total disclosed amount this month, indicating a continued significant concentration effect in the CeFi sector.The narrative of the prediction market continues to evolve, but the form is changing. This month, 8 prediction market-related projects received funding, all in angel or seed rounds ([XO Market](https://www.rootdata.com/zh/Projects/detail/XO Market?k=MTczOTA= "decentralized prediction market") $6 million, PUMPCADE multiple rounds totaling $6 million, [Atlasx Protocol](https://www.rootdata.com/zh/Projects/detail/Atlasx Protocol?k=MjQyNTA= "prediction market") $2 million, etc.). After last month's capital ignited the narrative of the prediction market, this sector is evolving from "single giant financing-driven" to "multi-project ecosystem construction."Kraken's "dual positioning" is the most noteworthy chain action this month: In the same month, Kraken acted both as a financing party (receiving a $200 million strategic investment from Deutsche Bank) and acquired the CFTC-licensed derivatives exchange Bitnomial for $550 million.In addition, 8 AI-related projects received funding in April, covering AI agents (Nava $8.3 million in seed round, AIW3.ai $2 million), AI infrastructure ([Cluster Protocol](https://www.rootdata.com/zh/Projects/detail/Cluster Protocol?k=MTIwMjc= "decentralized AI model computation verification protocol") $5 million), AI content creation (Oh $7.5 million in Series A), among other sub-directions. The narrative of AI and crypto integration has entered a stage of blossoming in multiple areas.GSR, Coinbase Ventures, L1D, Tether, Kosmos Ventures, and Animoca Brands are tied as the most active investors in April, each disclosing 3 investments.

According to SoSoValue data, the cryptocurrency market sector has risen across the board, with a 24-hour increase generally reaching about 2% to 10%. Among them, the SocialFi sector led with a 24-hour increase of 13.7%.Within this sector, Toncoin (TON) and Chiliz (CHZ) rose by 15.77% and 6.15%, respectively. Meanwhile, Bitcoin (BTC) increased by 1.4%, surpassing $81,000; Ethereum (ETH) rose by 0.52%, approaching the $2,400 mark.Other standout sectors include: the Meme sector, which rose by 6.18% in 24 hours, with MemeCore (M) increasing by 30.57%; the DePIN sector, which rose by 4.8%, with Filecoin (FIL) increasing by 9.96%; and the AI sector, which rose by 4.14%, with SkyAI (SKYAI) soaring by 25.83%. In other sectors, the DeFi sector rose by 3.61%, with Morpho Token (MORPHO) increasing by 10.04%; the Layer 1 sector rose by 3.45%, with Zcash (ZEC) increasing by 21.96%; the Layer 2 sector rose by 2.34%, with Stacks (STX) increasing by 10.74%; and the CeFi sector rose by 1.3%, with FTX (FTT) increasing by 18.03%.The cryptocurrency sector index reflecting the historical performance of the sectors shows that ssiSocialFi, ssiMeme, and ssiDePIN increased by 14.25%, 7.56%, and 5.36%, respectively.

10x Research stated that although Bitcoin trading volume remains low and funding rates are negative, some early traders have already positioned themselves and achieved about a 10% return. They believe that many traders are still waiting for macro catalysts or think that the bear market has not yet ended, but this misunderstands how the Bitcoin market operates. "The end of a bear market is often not triggered by a single piece of news, but rather by improvements in indicators, changes in risk-reward, and the fact that most participants have not yet entered."10x Research indicated that they turned bullish a month ago. Although market sentiment has improved somewhat, position follow-up is still insufficient. They also remind that there are still risks in the current market, and reasonable hedging and position management remain important.