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1-Min Market Brief_20250429

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Key Takeaways

  • Macro Environment: The three major U.S. stock indices showed mixed performance, with the S&P 500 narrowly closing higher and the Nasdaq down 0.1%, as the market awaits this week's earnings season and employment data. The Russell 2000 small-cap index outperformed large caps, indicating optimistic market risk appetite.
  • Crypto Markets:Strategy added 15,355 bitcoins to its holdings last week at a cost of $92,737 per bitcoin.Bitcoin rallied past $95,500 after falling to $93,000 support in pre-market U.S. equities, and ended up 1.35% in sync with U.S. equities during U.S. trading hours. Bitcoin dominance rings up 0.19% from yesterday as AI Agent heat picks up.

Main Asset Changes 

Index Value % Change
S&P 500 5,528.74 +0.06%
NASDAQ 17,366.13 -0.10%
BTC 95,013.20 +1.35%
ETH 1,799.77 +0.47%
 
Crypto Fear & Greed Index: 60 (54 a day ago), level: Greed

Macro Economy

  • Trump: "No red lines will change tariff policies."
  • U.S. Treasury Secretary: The first trade agreement could be reached as early as this or next week.
  • Chinese Foreign Ministry: "China and the U.S. are not engaged in consultations or negotiations on tariffs."

Industry Highlights

  • Arizona House passes Bitcoin Reserve Bill, advancing the establishment of a cryptocurrency reserve.
  • Strategy added 15,355 bitcoins to its holdings last week for about $1.42 billion, at a price of about $92,737 per bitcoin
  • ProShares XRP ETF listing date still pending.
  • Swiss supermarket chain Spar plans to accept Bitcoin payments nationwide.
  • Trump’s crypto project WLFI officially signs MoU with Pakistan.
  • Abu Dhabi sovereign wealth fund plans to collaborate with multiple entities to launch a dirham-backed stablecoin.
  • Mastercard pushes for stablecoin integration into global payment networks.

Project Highlights

  • Hot Tokens: XRP, VIRTAL, AIXBT
  • AI Agent Sector: Average gain of 29.38%, led by VIRTAL, GOAT, AIXBT, AI16Z, ARC.
  • XMR: Suspected theft of 3,520 BTC, quickly swapped to XMR.
  • STX: Stacks Asia partners with Abu Dhabi to expand Bitcoin projects.

Weekly Outlook

  • Apr 29: Binance Alpha lists Haedal Protocol (HAEDAL).
  • Apr 30:
    • U.S. April ADP employment data.
    • U.S. Q1 annualized GDP growth rate (preliminary).
    • U.S. March core PCE data.
    • Frax Finance North Star upgrade (Frax Share renamed to Frax as gas token).
    • KMNO unlock (16.98% of circulating supply, ~$14.5M).
    • REZ unlock (19.57% of circulating supply, ~$7.4M).
    • TOKEN 2049 Dubai (Apr 30–May 1).
    • Microsoft, Meta earnings.
  • May 1:
    • U.S. April S&P Global Manufacturing PMI (final).
    • U.S. April ISM Manufacturing PMI.
    • SUI unlock (2.28% of circulating supply, ~$267M).
    • Bank of Japan target rate decision.
    • Apple, Amazon earnings.
  • May 2:
    • U.S. April non-farm payrolls & unemployment rate.
    • Berkshire Hathaway Annual Shareholders Meeting.
 
 
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