Poison Crypto Daily | May 10

BTC at $80,652, ETH at $2,322, total market cap around $2.77 trillion, overall sideways movement in 24 hours, BTC market share 58.3%.
Today, the market is focusing on three main themes:
1. The U.S. Senate will review the CLARITY Act on May 14, reigniting legislative discussions on crypto market structure, with key focus on SEC/CFTC boundaries, consumer protection, and stablecoin regulations.
2. CME plans to launch Bitcoin volatility futures on June 1, indicating that institutional demand for crypto derivatives continues to deepen, with BTC shifting from directional trading to a more mature risk management asset.

Additionally, Trump Media disclosed that due to BTC and CRO floating losses, Q1 net loss expanded to $405.9 million; discussions on the long-term threat of quantum computing to crypto asset security are also heating up.
Poison's judgment: The current main trend is not a single explosive news event, but rather the repair of regulatory expectations, improvement of institutional tools, and a warming of risk appetite. As long as BTC continues to hold the strong zone, the market is likely to maintain a structure of “Bitcoin stable, altcoins rotating.”
Risk reminder: Do not treat legislative expectations as actual implementation, and avoid blindly chasing high during low-volume rebounds.