Market News: Cooling inflation and Trump's comments boost market optimism, Ether's market capitalization share approaches 10%, on-chain Meme popularity continues to rise.

1. Market Observation

Keywords: SOL, ETH, BTC

Recently, Trump once again spoke publicly, predicting a sharp rise in the stock market, and at the same time pressuring Fed Chairman Jerome Powell to implement a policy of interest rate cuts as soon as possible. At the same time, US inflation data unexpectedly cooled in April, with CPI falling to 2.3% y/y, the lowest since February 2021, while core CPI remained unchanged at 2.8% y/y. The data pushed short-term interest rate futures prices higher, and the market's expectations for a Fed rate cut were significantly strengthened, and it is widely believed that September will be the time point when the Fed will cut interest rates for the first time.

! Trading moment: After CPI cooled, Trump shouted again that the stock market rose, Ethereum's market capitalization accounted for nearly 10% and filled the CME gap, and the popularity of on-chain Meme coins soared

However, major investment banks have been more cautious about rate cuts, with Goldman Sachs and Barclays delaying rate cut expectations until December, JPMorgan Chase & Co. taking a similar view, and Citi adjusting from June to July. Despite the positive signals from the inflation data, potential tariff policy remains the focus of market concerns. Analysts note that the full impact of tariffs on inflation has not yet been fully felt, as retailers are still digesting previously accumulated inventories. Goldman Sachs lowered the probability of a U.S. recession from 45% to 35% as trade tensions between China and the United States eased temporarily, but warned that high tariffs and ongoing policy uncertainty could still have a negative impact on corporate investment decisions and market confidence.

Bitcoin is currently in a volatile range, while Ethereum has broken through the $2,700 mark, accounting for nearly 10% of its market capitalization. According to market analysis, BTC is likely to continue to fluctuate in the current range as the macro environment shifts from protectionism to optimism. In contrast, ETH's market performance is clearer, with its $2,400 break coinciding with the Pectra upgrade and the re-emergence of long-term option liquidity, suggesting that ETH could be the next major allocation in the market. It is worth noting that Abraxas Capital, an investment institution, bought 242,652 ETH worth about $561 million in the past week, indicating strong institutional interest in Ethereum.

! Trading moment: After the CPI cooled down, Trump shouted again that the stock market rose, Ethereum's market capitalization accounted for nearly 10% and filled the CME gap, and the popularity of Meme coins on the chain soared

Technically, Ethereum has fully filled the CME intraday gap of about $2,530 and $2,630, and analysis shows that the next CME intraday gap could be between about $2,892 and $3,033.5. If the price of Ethereum continues to climb and break above the current support zone, this range could become a potential target for the market to watch.

! Trading moment: After the CPI cooled down, Trump shouted again that the stock market rose, Ethereum's market capitalization accounted for nearly 10% and filled the CME gap, and the popularity of on-chain Meme coins soared

The altcoin market has risen as a whole, with AI-related tokens and mainstream MEME coins becoming the first choice for funds, and on-chain transactions continue to be hot. The multi-platform, multi-chain competitive landscape of the GLONK token has emerged, with the market cap of the letsbonk.fun version reaching a high of $18 million, while the Pump.fun version has a market cap of up to $15 million.

At the same time, the market capitalization of the well-known crypto KOL Pata van Goon exceeded $70 million after the launch of Gooncoin (GOONC) launched on the Believe platform. The Believe platform token LAUNCHCOIN (formerly PASTERNAK) has performed amazingly, soaring from a market value of $2.7 million on May 9 to $280 million today, an increase of more than 100 times in a week.

! Trading moment: After the CPI cooled, Trump shouted again that the stock market rose, Ethereum's market capitalization accounted for nearly 10% and filled the CME gap, and the popularity of Meme coins on the chain soared

2. Key Data (as of May 14, 12:00 HKT)

• Bitcoin: $103,564 (Year-to-date +10.92%), Daily spot trading volume $32.876 billion

• Ethereum: $2,638.26 (Year-to-date -20.2%), daily spot trading volume is $35.33 billion

• Fear and Greed Index: 74 (Greed)

• Average GAS: BTC 1.07 sat/vB, ETH 0.95 Gwei

• Market Share: BTC 61.3%, ETH 9.5%

• Upbit 24-hour trading volume ranking: XRP, Ether, KAITO, DOGE, BTC

• 24-hour BTC Long/Short Ratio: 1.0141

• Sector Rise and Fall: Launchpad sector rises by 15.15%, Meme sector rises by 8.51%

• 24-hour liquidation data: A total of 123,265 people worldwide were liquidated, with a total liquidation amount of 364 million USD, including 49.539 million USD in BTC, 157 million USD in Ether, and 16.926 million USD in SOL.

• BTC Medium to Long-Term Trend Channel: Upper channel line (100716.05 USD), lower channel line (98721.68 USD)

• ETH Medium to Long-Term Trend Channel: Upper line of the channel (2287.28 USD), lower line of the channel (2241.99 USD)

*Note: When the price is above the upper and lower bounds, it indicates a medium to long-term bullish trend; conversely, it indicates a bearish trend. When the price fluctuates within the range or passes through the cost zone repeatedly in the short term, it indicates a bottoming or topping state.

3. ETF Flow (as of May 13)

• Bitcoin ETF: -$96,142,500

• Ethereum ETF: +13.3728 million USD

4. Today's preview

• A wallet will open the 16th TGE project on May 14th: Privasea(PRAI)

• Web3 bank Vaulta (formerly EOS) will convert EOS tokens to A tokens at a ratio of 1:1

• Metis launches the Andromeda upgrade, which will introduce two innovations: fraud proof mechanism and data availability migrating to the Ethereum mainnet.

• BlockFi creditors need to claim bankruptcy compensation as soon as possible, May 15 is the final deadline.

• The distributed validator technology project Obol Collective plans to launch its token $OBOL on May 15.

• If the new proposal of "Sky replaces MKR as the sole governance token" passes, the governance authority will be moved to the new contract from May 15th

• Sei (SEI) unlocks approximately 55.56 million tokens, representing 1.09% of the current circulating supply, worth approximately $14.5 million

• Starknet (STRK) unlocked approximately 127 million tokens, accounting for 4.09% of the current circulating supply, valued at about 23 million USD.

• Initial jobless claims in the U.S. for the week ending May 10 (May 15 at 20:30)

  • Actual: To be announced / Previous: 228,000 people / Expected: 230,000 people

Top 500 Largest Market Capitalization Gains Today: PEOPLE rose 57.55%, SATS rose 45.08%, BOME rose 40.14%, GODS rose 38.79%, NEIRO rose 37.94%.

5. Hot News

• A trader invested $9,075 to purchase LAUNCHCOIN one month ago, and its current value has reached $4.7 million.

• Abraxas Capital's ETH holdings have increased to $561 million in the past week.

• Pudgy Penguin CEO stated: The token issuance of Abstract Chain is expected to take place in the fourth quarter.

• An investor/institution transferred 11.652 million UNI to the trading platform, valued at approximately 82.38 million USD.

• The Uniswap Foundation transferred $3.12 million worth of UNI to a trading platform via FalconX in the past 28 hours.

• A large holder has once again deposited 11.9 million USDC into HyperLiquid, increasing short positions on BTC, Ether, and SOL.

• DeFi Development Corp. invested $23.6 million to increase its holdings of SOL, raising the total amount to 595,988 coins.

• Twenty One Capital has purchased Bitcoin worth $458.7 million.

• DWF Labs purchased 3 million SIREN and performed on-chain withdrawal operations.

• The Moonshot platform launches new coins such as FITCOIN, NOODLE, and GOONC.

• The trading platform Alpha section launched NAVX, SCA, RDAC

• In 2022, the largest market players who hoarded more than 120,000 ETH have completed their liquidations, making a profit of more than $131 million

• The U.S. April unadjusted CPI annual rate fell to 2.3%, with the seasonally adjusted CPI monthly rate at 0.2%.

• The RDAC airdrop on a certain trading platform requires a minimum of 205 points of Alpha credits, and claiming will consume 15 points of Alpha credits.

• Four wallet addresses withdrew approximately $23.82 million worth of NEIRO from centralized exchanges within 4 days, accounting for 24.2% of the total supply.