#Gate广场五月交易分享 Arthur Hayes issues a major warning: 99% of altcoins will eventually go to zero, is your holdings safe?

Core News Highlights
1. The U.S. Senate will review the "Clarity Act" next week, bringing hope for a clear crypto regulatory framework
Summary: The U.S. Senate Banking Committee plans to review the "Clarity Act" (Clarity Act) on May 14, which will clarify the regulatory classification of cryptocurrencies (securities, commodities, or others), define the jurisdiction of financial regulators, and include key provisions such as interest payments on stablecoins. The crypto industry believes this is crucial for the future of digital assets in the U.S. and could break the deadlock between crypto companies and banks.
Market Impact Assessment: May cause short-term market volatility but is a long-term positive, as regulatory clarity will attract institutional funds. Disputes over stablecoin provisions may impact some projects.
2. Coinb layoffs 14%, about 700 people, announce transition to "AI-native" model
Summary: The largest compliant cryptocurrency exchange in the U.S., Coinb, announced a 14% layoff, affecting about 700 employees. The company states it will shift to an "AI-native" model to adapt to market changes and improve efficiency. This round of layoffs is part of Coinb’s recent strategic adjustment, reflecting the industry’s response during a period of restructuring.
Market Impact Assessment: May raise concerns about the exchange sector, with short-term bearish sentiment, but the AI transition could be seen as a long-term positive signal.
3. Arthur Hayes warns: 99% of altcoins will go to zero, market cleansing is normal
Summary: Arthur Hayes, co-founder and former CEO of BitM, stated at Consensus Miami 2026 that the vast majority of altcoins will eventually go to zero, which is a normal market cleansing process. He compared weak tokens to failed companies in the traditional stock market (about 98% of S&P 500 companies have gone to zero), and pointed out that the crypto market eliminates weaker assets faster due to 24/7 trading and fewer restrictions. Hayes suggests viewing tokens as software projects, focusing on users, retention, and revenue rather than narratives.
Market Impact Assessment: May trigger selling pressure on altcoins, investors reassess risks, and funds may concentrate on mainstream coins like Bitcoin.
4. On May 10, a total of $419 million worth of tokens will be unlocked, with RAIN unlocking $382 million dominating
Summary: Today (May 10), the crypto market will see a large-scale token unlock, totaling about $419 million. Among them, RAIN will unlock approximately $382 million, accounting for 91% of the total unlock today. Other involved projects include ME, CHEEL, LINEA, B3, HOME, etc. Token unlocks may increase market supply, causing selling pressure and price volatility.
Market Impact Assessment: Short-term pressure on related tokens’ prices, especially for large unlock projects like RAIN. May raise concerns about overall liquidity.
5. Bitcoin fluctuates around $80k, market awaits clear direction
Summary: Bitcoin is currently trading near $80,765, up 0.60% in 24 hours, oscillating around the psychological level of $80k. Ethereum is at $2,330, up 0.87%. The overall market shows consolidation, as investors await clearer regulatory policies and macroeconomic signals. Data from Gate exchange shows Bitcoin fluctuating between $80k and $81k, with intense battles between bulls and bears.
Market Impact Assessment: Maintains range-bound oscillation; a break above $81,000 could trigger a new rally, while falling below $80,000 may test support at $79k.