Daily News | KAITO Rose Against the Trend and Hit a New Record High, ALCH Led the AI ​​Agent Track to Generally Recover

Crypto Daily Digest: BTC ETF has experienced net outflows for 7 consecutive days, and the market’s downward trend has not reversed

According to Farside Investors data, the U.S. Bitcoin spot ETF had a net outflow of $756 million yesterday, marking seven consecutive days of net outflows; among them, BlackRock had an outflow of $420 million, which was also the largest single-day outflow since the launch of BlackRock IBIT. In addition, Fidelity FBTC had an outflow of $145 million and Ark ARKB had an outflow of $60.5 million.

Yesterday, the Ethereum spot ETF saw an outflow of $24.5 million, of which Fidelity FETH saw an outflow of $18.4 million. BlackRock ETHA data has not been updated yet.

Analysis: Options data shows that BTC trend may not have reversed, and ETH volatility is expected to be low in the near future

Adam, an analyst at the well-known options trading platform Greeks.live, posted on social media that there is a general bearish sentiment in the market, believing that the rebound is weak and BTC may fall further to below $80,000. Some even believe that it will “reproduce” last year’s volatile trend. Many traders pointed out that the current price has fallen below the “M top” and there are risks in the medium-term direction. At the same time, the Bitcoin spot ETF has also seen a record net outflow, which has exacerbated the bearish sentiment in the market.

In terms of options data, options traders discussed the abnormal performance of current market volatility. Despite the sharp drop, the volatility of medium and long-term options has not increased effectively. This may indicate that the market expects this to be a one-time drop rather than a trend change. Traders observed that ETH’s gamma distribution is very strong at $2,500, and the negative gamma dispersion indicates that the market expects less volatility in the near term.

Ondo enters into partnership with MasterCard to launch RWA service on MTN

RWA project Ondo Finance has joined the Mastercard network to improve cross-border payments. Ondo’s Short-Term US Government Bond Fund (OUSG) investment product will be open to businesses on the Mastercard Multi-Token Network (MTN), enabling them to earn returns on tokenized assets, according to official news.

It is reported that most of OUSG’s assets are invested in BlackRock’s US Dollar Institutional Digital Liquidity Fund (BUIDL), the largest blockchain-based money market fund backed by short-term U.S. government bonds. Mastercard’s MTN combines API-enabled blockchain tools to help banks simplify domestic and cross-border transactions.

Fed’s Bostic: Fed may cut interest rates twice this year, uncertainty is high

Fed’s Bostic said he expects two rate cuts this year, but more or fewer could happen amid “pervasive” uncertainty. He doesn’t expect inflation to suddenly explode, and his overall inflation forecast is a bumpy downward path. He believes inflation will move toward the 2% target, but it’s not there yet. The Fed’s goal is to reach the 2.0% target without hurting the labor market.

Bostic said businesses are optimistic about deregulation but are concerned about the impact of tariffs and immigration policy changes. In addition, he sees signs of easing in the labor market. Bostic said the current benchmark interest rate is moderately restrictive and needs to remain so. He said the economic slowdown is a major concern due to the upcoming policy shift, but businesses expect solid economic growth in 2025.

Market Trends: KAITO hit a new record high against the trend, and AI Agent track generally rose

Market Hotspots

KAITO rose against the trend, reaching $2.6 within the day, setting a new record high. KAITO became the best performing new coin in the past week. Kaito AI has a strong background of investors, and was listed on major mainstream trading platforms including Gate.io on the first day of its launch. In addition, the Kaito AI team has a good control of the operation rhythm, and launched social cards of different levels at the beginning of this week, which also stimulated capital buying during the market downturn. Kaito AI is an AI-based web3 information integration tool that aims to solve the current problems of information fragmentation in the crypto industry;

Trending AI Agent tokens such as ALCH, PIPPIN, AIXBT, and all rose, with ALCH achieving a three-day increase of more than 200%; Nvidia released its financial report early this morning, with revenue significantly higher than expected, which to a certain extent boosted the market’s confidence in the AI ​​track. AI must be the most mainstream narrative in the future crypto industry.

Mainstream Coins

BTC once fell below $82,500 during the day. BTC ETF has seen a large net inflow for a week in a row, with a single-day outflow of more than $1.1 billion the day before yesterday. From the perspective of ETF funds, the market outlook is weak; today’s AHR999 index is 0.86, indicating that it is suitable for long-termists to invest regularly;

ETH has fallen for three consecutive days and is currently consolidating around $2,350. It may take a long time to recover from the bad market. ETHD (ETH market share) is about to fall below 10%. ETHD has been on a downward trend since 2021. Compared with the historical high of 23% in 2021, ETHD has fallen by more than 55%;

Altcoins no longer follow the market down, and the AI ​​Agent track rose against the trend under the stimulus of Nvidia’s financial report. Trending Altcoins may have bottomed out.

Macro News: U.S. Treasury yield curve inverted, Fed rate cut expectations increased

The three major U.S. stock indexes rose and fell, with the S&P 500 up 0.01% to 5956.06 points, the Dow Jones down 0.43% to 43433.12 points, and the Nasdaq up 0.26% to 19075.26 points. The benchmark 10-year Treasury yield was 4.25%, and the 2-year Treasury yield, which is most sensitive to the Fed’s policy rate, was 4.05%.

In addition, the 10-year U.S. Treasury yield fell for the sixth consecutive day, falling to a low point this year and falling below the 3-month Treasury yield, forming a “yield curve inversion”. The yield curve inversion has always been one of the common indicators for predicting economic recession, which has once again heated up market expectations for interest rate cuts. The market currently expects the Federal Reserve to cut interest rates by at least 0.5 percentage points this year.