Key Takeaways
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Macro Environment: U.S. April CPI cooled, with the drop in inflation supporting at least two Fed rate cuts this year and helping stabilize market sentiment. Trump repealed Biden-era "AI technology export control rules" and once again hyped up U.S. stocks, leading to a rally in tech stocks—especially chip stocks—which lifted major indexes.
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Crypto Market: Bitcoin rebounded before the U.S. market opened, then decoupled and declined after equities began trading, before recovering again following Trump's remarks. ETH/BTC rose 6%, Bitcoin dominance dropped 0.7% QoQ, and altcoin enthusiasm remained strong with meme coins and Ethereum ecosystem assets leading gains.
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 5,886.54 | +0.72% |
| NASDAQ | 19,010.08 | +1.61% |
| BTC | 104,124.70 | +1.30% |
| ETH | 2,679.77 | +7.39% |
Crypto Fear & Greed Index: 73 (was 70 24 hours ago), level: Greed
Macro Economy
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U.S. April CPI YoY rose 2.3%, below expectations
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Trump: Congress is about to pass the largest tax cut in history
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Trump: The stock market will rise significantly
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China adjusted tariffs on imports from the U.S. from 34% to 10%, suspending the 24% additional tariff for 90 days
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U.S. tariff revenue in April hit a record high; budget surplus reached the second highest in history
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Trump plans to repeal Biden-era “AI technology export control rules”
Industry Highlights
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Wyoming will issue the first state-level stablecoin in the U.S. this July
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Thailand to issue $150 million worth of "digital investment tokens" (G-Token), targeting returns higher than traditional bank deposits
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Swiss banks are actively exploring the stablecoin sector
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VanEck and Securitize to launch a tokenized U.S. Treasury fund
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Robinhood to acquire Canadian digital asset platform WonderFi for CAD $250 million
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Twenty One purchased an additional 4,812 BTC at an average price of $95,300
Project Highlights
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Trending Tokens: ENA, GOONC, ETHFI
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Meme sector continues to boom: NEIRO, MOODENG, BOME surged in secondary markets; Launchcoin's GOONC, NOODLE, LAUNCHCOIN soared in primary Alpha platform battle
Weekly Outlook
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May 14: Consensus Toronto 2025 to be held
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May 16: Preliminary data for U.S. May 1-year inflation expectations and University of Michigan Consumer Sentiment Index; Immutable (IMX) to unlock 24.5 million tokens (~$14 million)
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