Top News

1. Key Event and Data Preview: Fed to Release April Core PCE Price Index YoY on Friday

2. This Week's Unlocking Data Overview: SUI, OP, ZETA to Experience Large One-time Token Unlocking

3. US Bitcoin Spot ETF Cumulative Net Inflows Hit New All-time High, Surpassing $44.4 Billion

4. B Market Cap Briefly Surpasses $4.4 Billion, Reaching New All-time High

5. Meme Coin LABUBU Market Cap Surges Past $30 Million, Reaching New All-time High

Articles & Threads

1. "How Stablecoins Are Changing Global Trade Beyond Sanctions"

Russia's use of stablecoins in oil trading demonstrates that stablecoins are no longer a fringe tool — they have become real financial infrastructure in high-risk cross-border commerce. Despite China and India's restrictions on domestic cryptocurrency, they benefit from stablecoin transactions with Russia, quietly experiencing the efficiency of decentralized finance at a national level. Governments worldwide are responding in different ways, but all acknowledge that stablecoins are reshaping the way value flows across borders.

2. "USDe Plans 250 Billion Circulation, Will Ethena Become a Financial Nexus?"

Ethena, with a 26-person team, maintains the $5 billion market cap stablecoin USDe, hedging ETH, BTC, and other asset volatility through a delta-neutral strategy, maintaining a $1 peg while providing double-digit annualized returns. Its automated risk management and multi-platform hedging have built a moat, successfully navigating market turbulence and the Bybit hack incident. Ethena plans to drive USDe circulation to 250 billion through iUSDe, Converge Chain, and Telegram app, becoming a financial nexus connecting DeFi, CeFi, and TradFi.

Market Data

Daily Market Overall Funding Heatmap (as reflected by Funding Rate) and Token Unlocks

Data Source: Coinglass, TokenUnlocks

Funding Rate

Token Unlocks

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