API Gasoline Inventories in the U.S. for the week ending May 9

BTC breaks through the $40,000 mark, analysis of the reasons behind it. The price of Bitcoin (BTC) recently surpassed the $40,000 mark, attracting widespread attention in the market. However, the conversion of a certain trust company's BTC trust fund into a spot ETF may have a negative impact on the BTC price. The market has already reacted to this news, but we cannot ignore the second part of "buy the rumor, sell the news." The market may see a sell-off when the news materializes, leading to a significant drop in BTC prices. In the coming years, the BTC price cycle may repeat itself. It is worth noting that the launch of ETFs could have a positive impact on cryptocurrency prices in the long run. However, the current market does not have the conditions to initiate a new bull market. We should not rule out the possibility of experiencing a small bear market phase before that. Speculators maximize profit potential by betting on these events. A certain BTC trust fund has been affected since the beginning of this year.

Crypto Assets Industry: Choosing Between Innovation and Tradition In the past year, the Crypto Assets industry has engaged in a two-way interaction with traditional finance, tech giants, and politicians. The token launched by a certain political figure marks the end of Crypto Assets liquidity, but the cooperation between both sides has just begun. Events such as the advisor from Pakistan, the mine in Bhutan, and the large-scale financing in the Middle East ultimately became the last straw that broke the camel's back for retail investors. In this situation, it might be better to go to the wishing well and be a turtle, perhaps gaining some comfort. The Crypto Assets industry is stagnant. Humans seem to always repeat the mistakes of history. When a certain Crypto Assets spot ETF is approved, many believe it will change the world. However, the prevailing view now is that it is merely a mapped asset of the fiat currency supply, unable to resist inflation or preserve value, and cannot drive a bull market after being withdrawn by the ETF. After a certain political figure launched a token, the market experienced a brief surge before returning to calm. Several Crypto Assets projects are taking self-rescue actions.

FTX's bankruptcy liquidation has entered a new phase, and creditors can declare their claims through a designated website, with the deadline for declarations set for May 15, 2024. The article provides a detailed introduction to the claim declaration process, key points to note, and the impact of duplicate declarations, emphasizing the reference value of the liquidation work for future similar cases.

The Ethereum Foundation announces its expenditure situation and responses to related issues. Recently, the funding usage of the Ethereum Foundation has attracted widespread attention from the crypto community. In response to various questions, the Foundation publicly released its official expenditure details at the end of August. According to the published data, the "new institutions" account for the largest proportion of the foundation's expenditures, reaching 36.5%. This category mainly includes funding for various organizations, aimed at long-term strengthening of the Ethereum community building. The second largest expenditure item of the foundation is L1 research and development, accounting for 24.9% of total expenditures, including funding for external client teams and internal researchers. Other major expenditures include community development (12.7%), zero-knowledge applications (10.4%), internal operations (7.7%), developer platform (6.5%), and L2 research and development (1.4%). The foundation also revealed that it has been regularly publishing reports on external expenditures or funding activities over the past four years. About the foundation

Aptos Labs collaborates with Microsoft to promote the innovative integration of Web3 and AI. Aptos Labs recently announced a multi-year strategic partnership with tech giant Microsoft, aimed at opening new horizons for exploration and development in the Web3 space, providing innovators with more resources and opportunities. This collaboration is built on Aptos's relentless pursuit of a decentralized, user-centric internet vision over the past five years. The core of this collaboration lies in a developer-first design philosophy, providing developers with a secure and reliable infrastructure, allowing them to focus on optimizing user experience and driving consumer-facing innovation. The specific cooperation involves deploying new products that integrate AI and blockchain technology using Microsoft's infrastructure. Among them, a new chatbot called Aptos Assistant will be a key project, which will answer users' questions about the Aptos ecosystem.