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The U.S. government's tough trade policies have somewhat eased, with the SPX index rising for the first time for nine consecutive days, and U.S.-China relations continue to improve. The market expects the Trump administration to respond, as the non-farm payroll report is strong and the economic fundamentals are solid. The fixed income market anticipates a low probability of interest rate cuts, the bond market is normal, and cryptocurrency prices are stable, with positive ETF inflows. The rebound is difficult to predict, and attention must be paid to corporate profit growth and economic impacts. The market is evolving upward, but caution is needed for dead cat bounces.

Source: The US dollar is rapidly devaluing! Bitcoin veteran Jack Mallers: Currency crises in various countries! 42,000 Bit aircraft carriers!
Compiled & Edited by: Daisy, ChainCatcher
Editor's note:
This article is compiled from the video interview between Jack Mallers and hosts David Lin and Bonnie Chang. Jack Mallers is the founder of the Bitcoin payment platform Strike and the co-founder and CEO of the investment firm 21 Capital, who has long been dedicated to promoting the practical application of Bitcoin in global payments and capital markets.
In the interview, Jack

The dominance of Bitcoin, macroeconomic headwinds, an oversupply of alts, the absence of retail investors, regulatory uncertainties, and historical patterns have contributed to the current delay in the alt season. A lack of liquidity, cautious investing, and regulatory barriers have constrained the performance of alts, but history shows that once Bitcoin stabilizes, alts may have an opportunity to rise. Investors should remain patient, choose projects with strong fundamentals, and pay attention to Bitcoin's dominance; the alt season may just be a matter of time.

Author: YBB Capital Researcher Zeke

1. Celebrity Coin, from Birth to Marketing

Warren Buffett has continued the charitable legacy of his late wife, Susan Buffett, for 23 years, transforming the admiration of a group of business elites into a globally renowned "time auction," creating the most iconic "lunch auction" model in the history of human philanthropy.
The monetization of celebrity time is actually not uncommon in Web3, dating back to the ancient period of Time New.

Pump Fun reached its peak in 2025 as Trump issued coin, with daily revenue around 7 to 5 million USD. However, with the market experiencing a significant fall, the end of the AI narrative, and no new meme hotspots, various unfavourable information factors directly reflected in Pump Fun's revenue performance, reaching a bottom in March this year, with daily revenue often below 1 million USD. Consequently, it was announced that the Solana meme event has been put on pause.
However, recently Pump Fun's revenue has grown, although not as much as the previous meme boom, it is gradually increasing, with about a 30%~50% growth compared to the lows. The revenue growth represents the birth of a new "golden dog," and RFC's market value has surpassed 100 million USD despite the uncertain market conditions, driving a revival of the Solana meme trend. Let's let WOO X

You may not have noticed, but Avalanche's C chain has been hot again recently.
While the majority of ecosystems are experiencing a slow decline in TVL and the market is filled with discussions around AI, Restaking, and Memes, Chain C has quietly rebounded against the trend: active addresses have increased for three consecutive weeks, the TVL of mainstream protocols has risen again, and even the "forgotten" old project BENQI has made a strong comeback.
At the same time, Avalanche launched the Visa virtual card, and the Core wallet supports免

Author: Bitcoin Magazine Pro
In 2025, Bitcoin did not experience the explosive start that many had expected. After the price broke through $100,000, there was a significant pullback, leading investors and analysts to begin questioning our position in the overall Bitcoin cycle.
This article will delve into a series of key on-chain data and macro indicators through market noise to assess whether Bitcoin's bull market remains intact or if it will face deeper corrections.

01
Health pullback or cycle end?

A good place to start is the MVRV-Z score, which is a long-used valuation metric that compares market value to realized value. After reaching a peak of around 3.36, the MVRV-Z score has dropped to about 1.43, coinciding with Bitcoin's decline from over $100,000 to a low of $75,000. At first glance, this

Bitcoin may experience a big pump due to increased liquidity resulting from changes in the global environment; the legalization of Bitcoin and active participation from institutions contribute to price stability, which is an accumulation phase; resilience reflects long-term potential; market cycle stage characteristics are evident, retail investors are withdrawing, and after institutional accumulation, the price rises significantly. Successful individuals need to hold patiently.

The cryptocurrency industry faces innovations and challenges as it matures, and speculation remains the dominant force. The stablecoin market may be facing a turning point, the Token premium is declining, and venture capital is facing liquidation. A long-term vision to build consumer applications requires a focus on it. The integration of crypto and AI has great potential, and crypto games and equity raising will affect the development of the industry. There is potential for the creative industries to combine crypto technology. Taking a long-term view and tackling new challenges is key to shaping the future of cryptocurrency.

The global market was influenced by the big pump in the U.S. stock market, followed by a big dump, causing market volatility. In addition, the U.S. March CPI data was below expectations, prompting investors to reassess the Federal Reserve (FED) policy outlook. The expectation of interest rate cuts has led to a revaluation of the crypto market, with inflows into crypto assets. The interest rate cut cycle may accelerate institutional capital inflows into the crypto market, boosting the recovery of Decentralized Finance (DeFi) and the popularity of NFT and GameFi markets. The crypto market is set to experience a new structural pump, requiring attention to policy cycles and market rhythms.