Event:



- Institutional fund outflows: BlackRock IBIT saw $54 million in redemptions, and BTC ETFs recorded net outflows for 3 consecutive days.

- Regulatory developments: The U.S. “Crypto Transparency Act” is set to be advanced; the Senate bans lawmakers from participating in prediction market trading.

- DeFi risks: The Solana ecosystem’s Carrot protocol was shut down due to a vulnerability, with losses of $8 million; April marked the highest month on record for hacking incidents.

- Industry commentary: Musk said that most cryptocurrencies are scams; a large whale bought an additional 12,000 BTC against the trend.

Analysis: Institutions are waiting and watching + regulation is tightening + security incidents are occurring frequently; market sentiment is cautious, with tight-range fluctuations.
BTC1.8%
SOL1.16%
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