LAUNCHCOIN market cap surpasses $250 million, with a 24-hour price increase of over 193.08%.

On May 14th, Ki Young Ju, the founder and CEO of CryptoQuant, posted on the X Platform, indicating that all three major presidential candidates in South Korea are in favor of Bitcoin spot ETF and institutional investment. Presently, in South Korea, Bitcoin ETF and institutional investment are still prohibited, and 100% of the market's trading volume is derived from retail investors.

On May 14th, based on HTX market data, Bitcoin fell below $103,000, with a 0.01% decline in the past 24 hours.

On May 14th, as per an official announcement, Binance will provide support for the EOS (EOS) token swap and rebrand it to Vaulta (A). Binance will suspend trading and delist all existing EOS spot trading pairs (EOS/BTC, EOS/ETH, EOS/FDUSD, EOS/TRY, EOS/USDC, and EOS/USDT) at 11:00 (UTC+8) on May 26, 2025, and will automatically cancel all orders. The A/BTC, A/ETH, A/FDUSD, A/TRY, A/USDC, and A/USDT spot trading pairs will commence trading at 16:00 (UTC+8) on May 28, 2025.

On May 14th, QCP released its daily market observation, indicating that the US-Saudi trade led to a market rebound. The US and Saudi Arabia signed a milestone $600 billion trade agreement, which prompted the removal of tariffs and triggered a new wave of risk appetite. The US CPI came in lower than expected, easing market concerns about inflation and boosting expectations for rate cuts. However, the Fed remains cautious. The current market expectation for the first rate cut is in July, but we believe that a more realistic time frame may be September. Two rate cuts are expected in 2025, while the expectation was four cuts a month ago. In this round of rebound, the crypto market outperformed the stock market, with the Bitcoin price approaching its all-time high. Ethereum is striving to catch up, and the ETH/BTC exchange rate is currently at 0.025. We believe that digital assets still have further room to rise, especially against the backdrop of Coinbase's formal inclusion in the S&P 50

On May 14th, based on HTX market data, Ethereum fell below $2600, with a 24-hour change of 5.6%.

On May 14th, according to Glassnode data, the 7-day moving average (SMA) of Bitcoin's on-chain transaction volume has turned positive. It reached a local high of nearly $5 billion yesterday. This kind of positive net buying pressure has only occurred a few times this year, confirming that the breakout above $100,000 is supported by real buying pressure in the spot market.