币毒

The CSRC has really cracked down hard on Futu, Tiger, and Changqiao this time. The most critical part is not the rectification, but the phrase "confiscate illegal gains both domestic and overseas." Originally, many people thought the worst would be restricting domestic business, but now even the overseas income is included, which changes the whole tone. After the news came out, the market reaction was very direct, with stock prices plummeting. To some extent, this wave actually seems to be diverting traffic to Crypto. The tighter TradFi gets, the more people might engage with on-chain US stocks, RWA, stablecoins, and these kinds of things in the future.

The market on May 22, to put it simply, is still one thing: BTC hasn't crashed, altcoins continue to diverge. BTC is currently moving sideways around $77,000, with a slight pullback in 24 hours, but no panic selling pressure. The total market cap is about $2.67 trillion, and trading volume has even increased slightly compared to the previous day, indicating that money hasn't left, it's just more selective. The strongest recently is still HYPE. Ranked first on CoinGecko's popular list, and CoinDesk is also mentioning it continuing to hit new highs. The market is like this now: big coins are stable, and among small coins only the strongest narratives can keep attracting funds. Another point worth watching is that traditional finance is still pushing onto the blockchain. MoonPay has started providing banks and fintech companies with stablecoin, tokenized asset, and DeFi access; Blockchain has also submitted a confidential IPO filing in the US. This signal doesn't immediately pump the market but is positive for the industry's mid-term outlook. So my judgment today remains unchanged: this is not a full takeoff market, but more like a phase where funds hold core assets and strong leaders. Don't chase random small coins, focus on the main line, and wait for BTC to choose its direction first.

Good morning, the market is still showing relatively strong fluctuations. BTC has returned to around $77,900, up 1.58% in 24h; ETH at $2140, up 1.53%; BNB at 652.6, up 2.15%; SOL at 86.56, up 2.90%. The total market capitalization across the network is about $2.68 trillion, up 1.55% in 24h, with BTC market dominance at 58.25%. There are several interesting points in today's news. SpaceX confirmed in its IPO filing that it holds 18,712 BTC, valued at approximately $1.29 billion at fair value as of the end of Q1. Large companies putting BTC on their balance sheets is a trend that continues. In the US, regulatory groundwork for crypto is also progressing. The Federal Reserve proposed a lighter version of a payment account scheme, allowing non-traditional institutions access to the payment clearing system; the new version of the Parity Act in Congress also brings stablecoin and small payment tax exemption research back to the table. Additionally, custody platform Copper is reportedly seeking a sale of about $500 million, indicating that institutional-grade custody and clearing infrastructure integration is accelerating. My own feeling: the short-term is still risk-on recovery, with the narrative continuing to focus on three main lines: "institutional allocation + regulatory refinement + infrastructure integration." As long as BTC stays above $77,000, sentiment is not bad, but we should also be wary of large IPOs diverting market liquidity.

Together in the same crypto circle, sharing one X Club Pizza🍕 Thanks to my newly appointed X Club Yangtze River Delta leader, Chief @CryptoBigHand, for the warm invitation. I heard this time X Club, in collaboration with @okxchinese, has booked a 1000 square meter venue, inviting over 100 industry professionals to camp, enjoy tea, and eat pizza together! If you are in Jiangsu, Zhejiang, or Shanghai and haven't been invited, don't be shy, just DM him. Let the brave ones have the pizza first. It is said that X Club holds events every month in the Jiangsu-Zhejiang-Shanghai area, you can always reach out to Chief for a meetup. #OKXPizzaDay #XClub

Today's market is still weak and sideways. BTC is hovering around 76,700, showing no major drop but also no sign of strengthening. The more realistic situation is: bears haven't continued to push down, bulls haven't taken over, and the market is stuck like this. Among the major coins, ETH, SOL, XRP, and DOGE are mostly drifting down, indicating that risk appetite hasn't returned. Moreover, trading volume has shrunk by over 27%, which looks worse than the price itself. Because a volume-shrinking downtrend is the most frustrating—it won't shock you all at once but will gradually wear down sentiment. Additionally, regulatory pressures are still adding obstacles. Elizabeth Warren continues to attack crypto bank charters like Coinbase and Ripple. Such news may not directly crash the market, but in a weak environment, it acts as negative feedback. So my current view is simple: This is not stabilization, just weak sideways movement. Until clear signs of strengthening appear, don't prematurely interpret sideways trading as an opportunity; it currently looks more like a bottoming phase.

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Today's session isn't strong, but it's a bit steadier than the past two days. BTC is hovering around 76,800, at least it hasn't continued to plunge; ETH and SOL have also seen slight recoveries, but it's not yet a true strengthening. What I think is most worth noting today isn't how much it has risen, but that the market has finally shifted from "pure defense" to "wait and see". Additionally, trading volume has increased by over 48%, which is quite significant. But increased volume doesn't mean the market has started to rally; we still need to see if prices continue to move upward. The current real state of the market looks more like: Bears are taking a breather first, bulls haven't truly taken over yet. So my current view is simple: This is not a confirmed reversal, more like a period of observing a stop in the decline. Next, the key focus is whether BTC can leverage the increased volume to firmly hold above 77,000.