Daily News | TRUMP Rose By More Than 60% in the Short Term, 100M MILK Tokens Will Be Airdropped

Crypto Daily Digest: DDC once again increased its holdings of $9.9 million SOL, and 100 million MILK tokens will be airdropped

According to Farside Investors data, the US Bitcoin spot ETF had a total net inflow of $273 million yesterday, of which FBTC had a net inflow of $124 million, ARKB had a net inflow of $129 million, and BITB had a net outflow of $15.2 million. IBIT data has not been updated yet.

As of press time, the Ethereum spot ETF received inflows of $6.4 million yesterday, all of which were Grayscale ETH inflows. Other structural data have not yet been updated.

DDC once again increased its holdings of SOL by $9.9 million

DeFi Development Corporation, a US-listed company, announced that it has increased its holdings of 65,305 SOL tokens, worth about $9.9 million. After this purchase, the company’s total SOL holdings increased to 317,273 tokens, worth about $48.2 million.

Opinion: Bitcoin can hedge against uncertainty and dollar volatility

On April 24, according to CNBC, LMAX market strategist Joel Kruger said in an interview that the recent wave of Bitcoin‘s rise mainly reflects that the market has seized an opportunity to take advantage of the decline in asset prices to make profits, and the asset has consistently proved itself as a powerful choice for portfolio diversification and hedging against macroeconomic uncertainty and US dollar fluctuations.

MilkyWay will airdrop 100 million MILK

Celestia ecosystem liquidity staking protocol MilkyWay tweeted that it will airdrop 100 million MILK tokens (10% of the total supply) to mPoint holders, Moolitia NFT holders and milkINIT testers.

Fed officials: Recent volatility is normal

Hammack of the Federal Reserve stated that the recent market turmoil is the result of risk transfer and the market operation is still normal. He pointed out that the threshold for the Fed’s intervention is “abnormally high” and there is no need to intervene at present. At the same time, he emphasized that it is normal for investors to adjust their positions during volatile periods. The market should judge the level of term premium on its own and price discovery should be dominated by the market.

Market Trends: TRUMP tokens surged in the short term, and ZKsync recovered 5 million stolen funds

Market Hotspots

TRUMP Meme posted that on May 22, top TRUMP coin holders will have a private dinner with President Trump at the Trump National Club in Washington, DC. In addition, the first batch of unlocked tokens and the daily release shares for the next three months will be locked for an additional 90 days. Affected by this, the TRUMP token rose sharply in the short term, breaking through $16, and rose more than 60% in 24 hours. It has now fallen back to around $13.

On April 24, according to official news, ZK Nation announced that the hacker had cooperated and returned $5 million of the stolen ZKsync funds within the stipulated period. These assets are now in the custody of the Security Committee, and the decision on how to deal with these assets will be made by governance. The final investigation report is being prepared and will be released after completion.

Mainstream Coins

After Bitcoin surged yesterday, it began to fluctuate in a range, perhaps accumulating strength for the later market. The current price is $93,450. As Bitcoin breaks through the $90,000 mark, the market value of Bitcoin has reached $1.86 trillion, ranking eighth in the world.

Ethereum follows the trend of the market and is currently priced at $1,790, a slight drop from yesterday. Ethereum has risen significantly this round, but due to the large drop in the previous period, the current price has only returned to the early April price, and there is still a difference of $2,000 from the price in late March.

Altcoins entered a sideways trading mode, with mixed gains and losses, but overall volatility was small. The NFT sector rose 2%, the SocialFi sector rose 1.2%, the RWA sector fell 0.9%, and the CeFi sector fell 1.1%.

Macro News: Market uncertainty intensified, US stocks narrowed gains

The Trump administration has sent shaky signals on trade tariffs, including earlier reports that it was considering reducing tariffs on Chinese imports, then saying any such action would not be unilateral and informing Japan that it would not receive special tariff treatment. U.S. President Trump’s comments to Federal Reserve Chairman Powell and his subsequent retraction also added to market uncertainty.

Tariffs have affected the market’s nerves, and the rise of US stocks has been suppressed. The three major US stock indexes all rose by more than 1%, but gave up nearly half of their intraday gains. Tesla closed up more than 5%, leading the seven technology giants in two days.