David Marcus, former president of PayPal and current CEO of Lightspark, shared his insights on the integration of artificial intelligence and Bitcoin during the Microstrategy World 2024 event in Las Vegas. He believes that Bitcoin can eliminate the inherent inefficiency and friction of legal currency and predicts that AI agents will adopt this digital native medium for value exchange.

1.Celsius Network destroys 94% of total supply of CEL, worth over $89 million2.USDC Treasury destroyed more than 200 million USDC3.Pike was suspected of being hacked and lost 479 ETH4.Fantom launches $6.5 million development fund, betting on safer memecoins5.Yesterday, the U.S. spot Bitcoin ETF had a net outflow of $162 million6.The balance of Binance Bitcoin wallet increased by 6249.36 in the past 24 hours, and 15565.89 inflows in the past 7 days7.In April, NFT sales on the Bitcoin chain exceeded US$685 million, setting the third highest monthly record in history8.On-chain content distribution agreement Metale Protocol completes additional $2 million in seed round financing9.A whale deposited 1,140 MKR into Coinbase, losing about $1.1 million10.The Bitcoin stablecoin project, bitSmiley, goes live with its Alphanet V1, marking its debut deployment on the Bitcoin Layer 2 network, Bitlayer.

Bitcoin and other cryptocurrencies, including ether and altcoins, experienced a decline in value due to risk-off sentiment in financial markets ahead of the Federal Reserve's interest-rate decision and press conference. Bitcoin's value dropped below $58,000, marking its worst month since November 2022, and has fallen almost 9% in the last 24 hours. The broader crypto market, as measured by the CoinDesk 20 Index, has also lost more than 8.5%. Other major altcoins, such as solana, dogecoin, and avalanche, also experienced losses exceeding 10%.

OKX market data shows that BTC has reached $57,000 and is currently trading at $57,181.53, with a daily decline of 9.35%. The market is highly volatile, so please be prepared for risk control.

On May 1st, 10x Research officially announced on social media that the organization accurately predicted three major corrections in this bull market. However, this adjustment is different from previous ones because institutional investors' risk management methods differ from those of most retail traders. The estimated average entry price for US Bitcoin ETF holders is around $57,300, possibly even 1-2% higher, and the current Bitcoin price is approaching that level.

Golden Finance reported that according to OKX market data, BTC briefly touched $57,700 and is now trading at $58,581.53, with a daily decline of 7.15%. The market is volatile, so please be prepared for risk management.

The market showed that BTC fell below $59,500 and is now trading at $59,468.74, with a daily drop of 6.22%. The market is volatile, so please be prepared for risk control.

According to Coinglass data, CME's Bitcoin futures open interest decreased by 15% in the past 24 hours, now at 125,200 BTC. The total open interest across all platforms is currently about 484,400 BTC, with a 24-hour decrease of 4.6%.

According to Coinglass data, there were $368 million worth of liquidations across the entire network in the past 24 hours, including $317 million in long positions and $50.68 million in short positions. In addition, there were $108 million worth of liquidations in BTC and $105 million worth of liquidations in ETH.

According to Deribit data, nominal value of over 1.285 billion USD BTC options and over 954 million USD ETH options contracts will expire on Friday (May 3rd). The maximum pain point price for BTC is 64,000 USD and for ETH it is 3,050 USD.

On May 1st, it was reported that Bitcoin L2 BOB has integrated the modular blockchain Particle Network's account abstraction protocol BTC Connect to facilitate seamless use of any dApp on BOB by native BTC users. Users can sign transactions on BOB L2 using their native BTC wallet.

Data suggests that newer investors are behind Bitcoin’s sell-off, but sell-side exhaustion will eventually mark BTC’s price bottom.

Coinglass data shows that the current balance of Bitcoin wallets on Binance is 548,778.36, ranking first on CEX; there were 6249.36 incoming transactions in the past 24 hours and 15565.89 incoming transactions in the past 7 days. In addition, Coinbase Pro's Bitcoin wallet balance is 281,881.08, with 30451.49 outgoing transactions in the past 30 days.

The prospect of "higher and longer" interest rates is putting pressure on the cryptocurrency market, with Bitcoin experiencing its largest monthly decline since the collapse of SBF's FTX empire in November 2022. Bitcoin fell nearly 16% in April, and the Bitcoin and Ethereum ETFs launched in Hong Kong on Tuesday failed to provide momentum. Increasing evidence suggests that the Federal Reserve may signal a delay in interest rate cuts after this week's meeting. Chris Weston, research director at Pepperstone, said the recent rise in US Treasury yields and real interest rates is putting pressure on gold, Bitcoin, and the US stock market.

TradingView data shows that the Bitcoin-Yen (BTC/JPY) trading pair on Japanese cryptocurrency exchange bitFlyer is trading at a premium of about 0.2% compared to the Bitcoin-US dollar price on Nasdaq-listed Coinbase (COIN). In recent weeks, mainstream cryptocurrencies have continued to show premiums when priced in yen, with the highest premium reaching 1.49% earlier this month, the highest since March 2020. This indicates that traders are diversifying their investments into alternative assets to avoid volatility in the yen.

Coinglass data shows that the nominal value of unclosed BTC option positions on the entire network is 17.83 billion US dollars, which is the lowest point since February 26; the nominal value of unclosed ETH option positions is 8.07 billion US dollars, which is the lowest point since February 25.

As monitored by on-chain analyst Yu Jin, James Fickel is still bullish on the ETH/BTC exchange rate: one hour ago, he borrowed 40 BTC (worth $2.51 million) from Aave and sold it for 806 ETH. Since the beginning of January this year, he has borrowed a total of 2,301 WBTC (worth $145 million) from Aave and sold it for 41,944 ETH. The cost of the ETH/BTC exchange rate is about 0.055.

Blockchain data tracking company Arkham has discovered a Bitcoin wallet address related to WisdomTree's ETP WBIT asset management company. WBIT holds 8,900 BTC in 134 wallets, worth approximately $579 million.

Glassnode's URPD indicator provides an in-depth understanding of the distribution of Bitcoin's unspent transaction outputs (UTXO) based on its creation price. Since February 28th, the price of Bitcoin has remained above $60,000, with only two brief dips below this level, one on March 5th and another from April 17th to 19th. Despite Bitcoin briefly breaking through $70,000 in March and April, the URPD indicator shows a large accumulation of supply between $60,000 and $65,000 - BTC transactions have been within this range for the past two weeks. According to Glassnode's data, as of April 26th, approximately 7% of the total supply is concentrated in this range.

An indicator measuring the profitability of Bitcoin mining is approaching the historical low point reached after the FTX collapse, indicating that miners will face difficult times in the future. According to the computing power index data, the hash price fell to $57 on Friday. This number represents the amount miners can earn per day from the computing power of 1 petahash per second. Shortly after the FTX crash in November 2022, its price reached a historical low of $55.After the Bitcoin halving on April 20th, the hash price immediately soared to $139 due to a series of activities surrounding the Rune protocol that caused transaction fees to skyrocket. According to CryptoQuant's data, this upward trend quickly reversed as fees fell back to pre-halving levels and mining difficulty increased.