News
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WeBank Technology Services has unveiled a new blockchain-based infrastructure to enhance Hong Kong’s Web3 ecosystem, announced at the Hong Kong Web3 Festival 2025.
Dubai is taking a bold step toward modernizing its real estate sector through blockchain technology, as two key regulators sign a strategic cooperation agreement to explore property tokenization.
Investor caution returned to digital asset markets last week as cryptocurrency exchange-traded products (ETPs) recorded $240 million in outflows, ending a two-week streak of inflows totalling $870 million.
Conor McGregor’s much-hyped REAL memecoin has failed to deliver on its ambitious presale target, raising only $390,000—61% below its $1 million minimum goal.
Glassnode data has confirmed that more than 80% of TRX and XRP holders are currently in unrealized profits despite the market crash.
The PI token shot up over 3% in the past 24 hours as 1.5 million tokens are scheduled to be unlocked per day starting April 11.
Quick Take Despite the slowdown, decentralized exchanges still claim a growing share of spot trading, with newer platforms and Layer 2s helping offset Ethereum’s volume decline. The following is an excerpt from The Block’s Data and Insights newsletter.
Larry Fink, CEO of BlackRock, warns of US economy weakening He sees zero chance of four or five interest rate cuts this year Fink doesn’t rule out another 20% market decline
- 15:04U.S. Treasury Secretary: U.S. Stock Market Shows Anti-FragilityOn May 5th, U.S. Treasury Secretary Besent stated that the United States will strengthen its position as the global capital center. The U.S. stock market has "anti-fragility," and in the long run, there is never a bad time to invest in the U.S.
- 15:02Analyst: If Bitcoin Falls Below $90,000, It May Trigger a Deeper PullbackAccording to CoinDesk, Bitcoin fell below the $95,000 mark during Monday's trading as macroeconomic uncertainty intensified and the upcoming Federal Reserve meeting heightened market caution. FxPro analyst Alex Kuptsikevich stated that if the price continues to be under pressure, the key support levels below are $92,500 and $89,000; once it falls below $90,000, it may trigger a deeper correction. Additionally, despite market volatility, the Bitcoin spot ETF launched last year recorded a net inflow of approximately $1.81 billion last week, indicating continued enthusiasm for allocation from both institutions and retail investors. On-chain data shows that the unrealized profit of long-term holders has approached 350%, which may pose potential selling pressure on the price.
- 15:01Analysis: U.S. Economic Data Shows Little Sign of Weakness, Fed Unlikely to Cut Rates This WeekAccording to Jinshi reports, Julius Baer economist David Kohl stated that the U.S. economy shows almost no signs of weakness. After the release of the April non-farm payroll report, he said: "The unstable and restrictive economic policies of the United States, including the introduction of high tariffs, have so far not had the expected negative impact on labor market data." The economist pointed out that better-than-expected job additions and low unemployment rates have driven continued strong growth in private consumption. Kohl added that the data is very solid, and it is expected that the Federal Reserve will not cut interest rates this week. Kohl said the Federal Reserve might ignore the negative data from survey indicators and wait to act until economic data shows weakness.