Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

May 9 — BlackRock, the world’s largest asset manager, plans to launch two tokenized money market funds targeting stablecoin holders, signaling another bet on the long-term growth of the “digital dollar economy.” Per a recent regulatory filing, BlackRock intends to offer on-chain digital shares for its BlackRock Select Treasury-Based Liquidity Fund (BSTBL), which holds roughly $6.1 billion in assets. The fund primarily invests in cash, U.S. Treasury notes, and short-term securities with a remaining maturity of 93 days or less. The newly issued tokenized shares will be deployed on the Ethereum blockchain and operate alongside the fund’s existing traditional shares. Markets view the move as a sign the traditional asset management giant is actively advancing on-chain integration for U.S. Treasuries, money market funds, and other traditional financial assets—further connecting stablecoins to real-world asset (RWA) ecosystems.

**On May 9, trader Eugene Ng Ah Sio shared on his personal social media channel:** - Several charts are edging toward a bottom, while Bitcoin remains hovering around the $80,000 mark. - He expects the market to kick off a significant rally (ideally to the upside) in the next week or so, with many altcoins poised to break out of their current ranges. - Per trading volume and open interest (OI) metrics, most assets now only need a small dose of marginal buying pressure to push prices higher—meaning overall positioning across most assets remains fairly light. - The market’s next key catalyst: Bitcoin clearly breaking above $80k, followed by leading altcoins like ETH, SOL, and HYPE leading a clear new uptrend. “Fingers crossed we don’t get pushed back from these levels,” he noted.

On May 9, British media reported that the UK’s HMS Defender will be redeployed to the Middle East to take part in escort operations in the Strait of Hormuz. (Jinse)

May 9th As the Suez Canal blockade enters its 71st day, expectations are growing for progress in U.S.-Iran negotiations. That’s pushed gold prices to rebound quickly after dipping below $4,500 an ounce, with spot gold hitting a weekly high of $4,764.73 an ounce—up roughly 2.15% on the week. Even as geopolitical tensions ease marginally, global funds keep pouring into gold assets. World Gold Council data shows global physical gold ETFs posted a net inflow of $6.6 billion in April, reversing a prior outflow trend. Asian gold ETFs have seen net inflows for eight straight months. Meanwhile, the People’s Bank of China added 260,000 ounces to its gold reserves in April—marking its 18th straight month of net purchases. Major institutions still see gold’s long-term bull case intact. Bridgewater Associates founder Ray Dalio notes that amid global sovereign debt expansion and currency depreciation, gold remains a critical store of value. Goldman Sachs forecasts gold could hit $5,400 an o

On May 15, Federal Reserve Chair Jerome Powell will officially step down, concluding an eight-year tenure defined by extraordinary challenges—from the COVID-19 pandemic and a 40-year high in inflation to aggressive rate hikes and fights to preserve the Fed’s independence. An unconventional central bank leader who lacks an economics background, Powell navigated a turbulent term: - Early on, he continued the Fed’s gradual rate hikes and balance sheet reduction. - When the pandemic struck in 2020, he led a historic response: zero interest rates, unlimited quantitative easing (QE), and emergency lending facilities. These moves quickly stabilized market liquidity, averted a deep U.S. recession, and fueled a V-shaped recovery. - A key misstep: Powell and the Fed infamously labeled early inflation “transitory.” By 2022, U.S. CPI hit 9.1% (a 40-year high), triggering the Fed’s most aggressive rate-hike cycle since the 1980s—11 consecutive hikes pushing rates to 5.25%-5.5%. - The U.S

**Crypto Whale’s Short Positions: All-Time Profit $86.36M, Still Adding Shorts** Per Auntie Ai’s monitoring data as of May 9, a crypto whale known for shorting a basket of altcoins still maintains an all-time total profit of $86.36 million. Currently, the whale holds 28 altcoin short positions—including ZEC, TON, NEAR, and LIT—plus a short on crude oil (CL), with a total position value of roughly $47.66 million. It is actively adding to its short positions. **May 4 Turning Point for P&L** May 4 marked a turning point for the whale’s profit and loss (P&L). Before then, its entire position set was still in floating profit. However, as expectations grew for a resolution to the Middle East conflict and the broader crypto market rebounded, its short position portfolio gradually moved into negative territory.