The market showed a clear risk aversion before the release of the US CPI data on May 15, and the BTC price fell rapidly and then fluctuated over the weekend. The gas fee on the ETH network dropped to a low of 2 Gwei, the on-chain interaction activity was low, and the market was lacking in hot spots.

In terms of digital currency, as the beginning of the week, BTC started strongly, breaking through the 63,000 mark in the short term, and the front-end implied volatility flattened and increased significantly.

Risk assets performed solidly last week, as financial conditions continued to ease after the recent release of weak employment data. Cryptocurrency price action was disappointing, with BTC falling sharply from 63.5k to 60.5k during New York trading on Friday, and ETFs seeing a small outflow of 85 million.

Compared to the Bitcoin ETF, the prospects for the Ethereum ETF are not as optimistic.

The trend of modular blockchain is not only a technological change, but also an important strategy to drive the entire blockchain ecosystem to meet future challenges.

In the past week, the prices of Bitcoin and Ethereum both rose after the release of non-farm data, but then Ethereum fell back significantly. The historical volatility reached its maximum when Bitcoin rose to 5.3, while Ethereum reached its maximum when it fell back to 5.6. The trading volume reached its maximum after the release of non-farm data, and the open interest increased slightly. The implied volatility was declining overall. The funding rate remained low, and the market breadth indicator showed that the market was gradually recovering. In terms of events, the US non-farm data was far below expectations, and Bitcoin and Ethereum quickly rebounded from lows after the data was released.

The positive side of the coin is that Ethereum’s fundamentals are good, but the negative side is that new users do not choose Ethereum. How should Ethereum long-termists think about this?

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Nothing much happened this week, obviously, but the small surprise in weekly jobless claims (231k vs 212k) was enough to push all major asset classes higher.

In terms of currency prices, BTC performed poorly this week, giving up most of the gains brought by the macro-positive since last Friday. In terms of options, the implied volatility fluctuated slightly at the recent low point, with a relatively flat front-end surface. ETH still has a higher Vol Premium than BTC.

A deep dive into the complexity and potential of multi-dimensional gas pricing on the Ethereum network.

Over 200,000 MOR tokens have been claimed.

We are still in the early stages of this cycle.

LP APY is close to 600%. How is the platform economy of friend.tech V2 set up? What is the upside potential of FRIEND?

In terms of node token rewards, CARV is the most generous, with 25% of the total reward nodes being the largest allocation among the three, and it released 12.5% of the total tokens in the first year of the bull market, more than twice that of the other two projects.

Yesterday, BTC briefly fell below $63,000 and is now quoted at around $62,500. Currently, the power of Bitcoin mining machines leaving the factory is approximately 30W/T, and the shutdown price is around $60,000.