Real-time news in the crypto market over the past 24 hours

1. **U.S.-China Summit Begins**: Trump’s visit to China enters its second day, with an official meeting held this morning in Beijing. Market reports indicate that both sides are discussing the establishment of an “Energy and Digital Asset Security Communication Mechanism.” Boosted by these expectations, overall market risk appetite has increased.
2. **PPI Growth Surpasses Expectations**: U.S. April Producer Price Index (PPI) rose **3.1%** year-over-year, higher than the expected 2.9%. This reflects ongoing heavy supply chain cost pressures, making it more difficult for the Federal Reserve to cut interest rates in the short term.
3. **“Peace Window” in the Strait of Hormuz** Appears: U.S.-Iran negotiators resume secret talks in Doha. Iran stated that if the U.S. stops intercepting Iranian oil tankers, Iran will consider allowing some stranded ships to leave under “joint supervision.”
4. **Gold Price Sharp Rebound**: Due to easing safe-haven sentiment following U.S.-China talks, spot gold plunged **1.8%** in a single day, breaking below the **$4,650 support level**, showing clear signs of “de-risking.”
5. **International Crude Oil Prices Retreat**: Brent crude oil fell to around **$102**. Market analysis suggests that if Trump’s visit to China can help de-escalate geopolitical tensions, oil prices may fall back to the $90 range.
### Crypto Market: Institutional Movements and On-Chain Ecosystem
6. **BTC Approaching $82,000 Resistance**: Bitcoin hit **$81,800** but was pressured by PPI data, resulting in a slight pullback, currently around $80,450. Both bulls and bears are fiercely contesting the $80,000 level.
7. **ETH Whale Address Activity**: Monitoring shows that a dormant Ethereum whale address that has been inactive for 8 years woke up today, transferring **4,500 ETH** to a compliant custody institution. Market speculation suggests it may be participating in a new liquidity re-staking round.
8. **XRP Compliance Benefits**: Following the SEC’s classification of XRP as a “qualified asset,” Ripple announced partnerships with three major Asian commercial banks for XRP-based cross-border clearing.
9. **AI Sector Performs Brightly**: Nvidia’s stock surged again, driving on-chain AI compute token prices (such as RNDR, FET) to an average daily increase of over **8%**.
10. **Aave Bad Debt Progress**: The Aave community passed an emergency proposal to use funds from the Safety Module to cover the previously incurred **$200 million** bad debt caused by the rsETH vulnerability, initially restoring protocol stability.
11. **SOL’s Global Node Count Hits New High**: Solana announced that its active validator nodes worldwide have exceeded **3,500**, with hardware improvements enabling better performance in handling high-concurrency geopolitical transactions compared to Ethereum.
12. **New Round of Stablecoin Minting**: Over the past 24 hours, Tether issued an additional **1 billion USDT** on the Tron network. Tether’s CEO stated this is to meet the surge in trading demand driven by improved diplomatic relations in Asia.
13. **On-Chain Security Alert**: SlowMist detected an active phishing tactic called “Fake Signature (Permit2),” which has caused approximately **$12 million** in asset losses over the past week.
14. **Crypto Shadow Market SpaceX Trading Volume Doubles**: Stimulated by Musk’s visit to China, the daily trading volume of SpaceX-linked products on crypto platforms surpassed **$500 million**.
15. **Sentiment Index Returns to “Greedy”**: The Fear and Greed Index today stands at **62**. Despite hawkish macro data, easing U.S.-China relations have boosted retail investors’ confidence in a “red month of May.”