Today's News Summary (Follow for Updates)

I. Market Overview | Bulls Rebound, Bears Liquidated En Masse

• BTC stabilizes above $75,000, up over 5.8% in 24 hours, mainstream cryptocurrencies all rallying (ETH +7.2%, BNB strengthening together)

• Total liquidations across the network reach $660 million in 24 hours, 79% of which are short liquidations, indicating a clear short squeeze trend, with increased volatility at high levels

• On-chain data: Long-term BTC holders' share of holdings surpasses 68%, indicating strong coin locking, limited room for retracement

II. Institutional Movements | Wall Street Continues to Increase Investment, Long-term Capital Expectations Maxed Out

1. Goldman Sachs officially applies for a Bitcoin premium yield ETF, using a covered call strategy, offering more stable returns in volatile markets, expected to launch by the end of June

2. The U.S. plans to relax restrictions on direct investment of 401(k) plans into BTC/ETH, reinforcing expectations of long-term funds entering the market in the trillions

3. Coinbase obtains a national trust bank license, upgrading compliant custody capabilities, continuously expanding institutional entry channels

III. Macro Events | Federal Reserve + Key Legislative Windows

1. Today, the U.S. Senate reviews the nomination of the Federal Reserve Chair, with policy signals directly affecting dollar liquidity and crypto market valuations

2. The U.S. "Clear Act" enters a critical window in May; if progress cannot be made before recess, crypto legislation may face long-term stagnation

IV. Other Key News

• Stablecoins: Tether added over $8 billion in April, total supply surpassing $300 billion, market liquidity remains ample

• Ecosystem: ETH/BTC ratio hits a January high, capital flowing back into Ethereum, Cancun upgrade expectations heating up