According to analyst Willy Woo, based on the historical adoption curve of Bitcoin, he explained when Bitcoin can develop to a level comparable to the US dollar (USD). Woo stated that the financial industry now sees Bitcoin as a rapidly rising asset class. However, the current total market capitalization of this currency is only about $1.2 trillion, while analysts point out that the value of asset classes is usually in the trillions of dollars. Woo believes that this expectation for BTC means that the financial industry believes in three things: BTC will grow at least tenfold from now on (breaking through the $10 trillion market cap barrier), will be on par with the US dollar in terms of scale, and will become a reserve asset. Woo refers to the 'adoption' curve of cryptocurrency, from the chart, it can be seen that, according to the analyst's model estimate, the number of Bitcoin users currently accounts for about 4.7% of the world's population. If the S-curve of the Internet continues, BTC may still be in the early stages. Assuming this is indeed the case, the number of users of this token will accelerate from now on. Woo believes that this could happen in the 2030s when the curve enters the 25% to 40% range.

On May 9, Xinhua Finance and Bread Finance researchers counted the issuance of domestic credit bonds and overseas bonds by domestic real estate development enterprises in April 2024. Statistics show that in April, domestic real estate development enterprises issuance domestic credit bonds totaled 49.377 billion yuan, down 12.13% month-on-month and 6.37% year-on-year; The average par Intrerest Rate at issuance was 2.83%, down 0.12 percentage points from the previous month and 0.85 percentage points from the same period last year. Among them, SCPG issuance credit bond financing was the most long, with an amount of 3.29 billion yuan. In April, domestic real estate development enterprises issuance 4 foreign bonds, of which US dollar bonds raised US$150 million.

On May 7th, Jin10 Data reported that *ST Meishang announced that as of May 7th, 2024, the closing price of the company's stock has been below 1 yuan for nineteen consecutive trading days. There is a risk that the company's stock may be delisted due to the stock price being lower than the face value. Investors are advised to pay attention to the risk.

coin Hong Kong is taking steps to establish a legal framework for the use of stablecoin, while China has imposed sweeping Crypto Assets bans and cracked down on Crypto Assets such as the use of USDT in forex transactions. Hong Kong's proposed rules emphasize maintaining full reserves that match par value, secure storage, and local offices with key personnel. Chinese cash is likely to flood Bitcoin exchange and ETF markets, and Arthur Hayes predicts an upcoming sell-off

PANews reported on March 8 that according to CoinDesk, JPMorgan said in a research report that if Bitcoin (BTC) is comparable to gold in investors' portfolios, its market capitalization should rise to $3.3 trillion, which means that its price will more than double, but this may not happen due to the increased risk and volatility of this cryptocurrency. Gold is the best comparison for cryptocurrencies, given that investors view Bitcoin as a digital version of the metal, the report said. "Most investors take risk and volatility into account when allocating asset classes, and given that bitcoin is about 3.7 times more volatile than gold, it is unrealistic to expect a notional amount of bitcoin in an investor's portfolio to be comparable to gold," analysts represented by Nikolaos Panigirtzoglou wrote. JPMorgan Chase & Co. said that if bitcoin is on par with gold in terms of "risk capital", then the implied allocation will fall to $0.9 trillion, which means that the price of bitcoin is $45,000, which is significantly lower than the current level of about $67,400, and the implied allocation of bitcoin in investors' portfolios has now surpassed gold after volatility adjustment. Using a volatility of 3.7 to estimate the potential size of the Bitcoin ETF market means that the size of the Bitcoin ETF market is around $62 billion, the bank said. Spot Bitcoin ETFs saw net inflows of around $9 billion, some of which could be a rotational transfer of existing products. "This is a realistic goal that the potential size of a Bitcoin spot ETF could be achieved over time in two to three years, although most of the implied net inflows may represent a continued rotation of ETFs from existing instruments and venues," the report added. ”

PANews news on February 29, according to Reuters, as Hong Kong investors chase the rally of Bitcoin, Hong Kong's largest Bitcoin futures ETF, the CSOP Bitcoin futures ETF, has increased fivefold in the past five months to just over $100 million. CSOP Asset Management said demand rose sharply in February. Alessandro Zhu, deputy head of crypto products at CSOP Asset Management, said that the approval and launch of Spot Bitcoin exchange-traded funds in the United States this year has stimulated demand from investors, who believe that the limited supply of Token will push prices higher. He added that Bitcoin has significantly outperformed Hong Kong stocks, which has also boosted demand. The average daily turnover of the CSOP Bitcoin futures ETF has jumped to US$2.8 million this year, compared to US$970,000 last year, and is now on par with that of some Hong Kong real estate giants such as the Wharf Group (0004.HK).

On January 20, Glassnode data showed that BitcoinOptions implied Volatility reversed from mid-October last year, and since May 2021, with the weakening of market interest during the Bear Market, implied Volatility has been declining for many years, but now this downward trend seems to have reversed in the near future, and implied Volatility has more than tripled from the low of about 30% in October, exceeding 97% this week. As Spot ETF products open new doors for institutional and retail capital, Bitcoin's Fluctuation characteristics may begin to evolve as well. It is also worth noting that the infrastructure, Liquidity and Depth of the Options market have matured significantly in 2023, with un Close Position contracts currently on par with the futures market.

Odaily Glassnode data shows that BitcoinOptions implied Volatility has reversed from mid-October last year, and since May 2021, as market interest has weakened during the Bear Market, implied Volatility has been declining for many years, but now this downward trend seems to have reversed in the near term, with implied Volatility more than tripled from a low of about 30% in October to more than 97% this week. As Spot ETF products open new doors for institutional and retail capital, Bitcoin's Fluctuation characteristics may begin to evolve as well. It is also worth noting that the infrastructure, Liquidity and Depth of the Options market have matured significantly in 2023, with un Close Position contracts currently on par with the futures market.

BTC Digital Ltd., a NASDAQ-listed Bitcoin miner, announced that it has entered into a subscription agreement with three individual investors to issue and sell 303,497 shares of the company's common stock, with a par value of $0.06 per share, raising a total of $1,014,286, or $3.342 per share.

21:00-7:00 Keywords: Solana 1. Sui TVL exceeded 200 million US dollars; 2. Data: The total asset size of crypto ETP products reached $50.3 billion; 3. Galxe Announces Collaboration with BRC20 Inscription Turtsat to Deepen Community Engagement; 4. Opinion: Solana price will be on par with Ethereum and eventually surpass Ethereum; 5. Director of Government Relations of the Blockchain Association: The probability of passing the Stable Coin Act in 2024 is 75%; 6.Glassnode: Stable coins have become the "preferred quote currency" and the main source of liquidity for traders; 7. Bloomberg Analysts: The introduction of cost-effective ETFs could overturn the exchange's current high fee model; 8. Chairman of the Financial Market Committee of the State Duma of Russia: Crypto legislation is expected to become law in the first half of 2024.

Golden Finance reported that angel investor Santiago R Santos posted on the X platform that Solana will be on an equal footing with Ethereum and eventually surpass it, with an 80% probability of this happening this cycle. In addition, as the inflow grows and the overall Crypto Assets market cap grows (the high correlation within Crypto Assets persists throughout the cycle), the fully diluted Market Cap (FDMC) and price of ETH and SOL are likely to rise, with the SOL/ETH ratio, as well as the convergence, such that the FDMC for both is ultimately equal to 1:1.