🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
BTC ETF continues to inflow, ETH rises 25%, popular MEME coin big pump over 5 times
Crypto Market Weekly Report: BTC ETF continues to see inflows, ETH rises 25%
Last week, Bitcoin ETF continued to maintain a net inflow of funds, achieving positive inflow for the third consecutive week, amounting to $920 million. This figure is lower than the $3.03 billion and $1.81 billion of the previous two weeks, but still shows that the market remains optimistic about the future. The price of Bitcoin reached a high of $105,000 in the past week, with the potential to set a historical high in May. The market greed and fear index continues to rise, indicating that the current market sentiment is in the greedy stage.
In contrast, the Ethereum ETF saw a net outflow of $38 million last week. However, the price of Ethereum surged significantly from the $1,800 range to $2,600, with a maximum daily increase of 25%. The ETH/BTC exchange rate has risen significantly, currently at 0.024; Ethereum's market share has also rebounded from about 7% to 9%. It is noteworthy that the rise in Ethereum's price does not seem to have a direct correlation with the flow of ETF funds. Some believe that the current rise in Ethereum may just be a short-term rebound due to various indicators being at historical lows.
In terms of popular cryptocurrencies, MOODENG, GOAT, PNUT, PI, and KAITO have performed outstandingly. Among them, MOODENG had a weekly rise of up to 566.53%, with a peak price of 0.2889USDT and a current market value of about 260 million USD. GOAT and PNUT increased by 212.9% and 167.6%, respectively, with GOAT's highest price reaching 0.2503USDT.
The U.S. stock market showed mixed performance, with the S&P 500 index, Dow Jones Industrial Average, and Nasdaq index falling by 0.8%, 1.2%, and 1.5% respectively. The market was influenced by uncertainty over tariff policies and mixed corporate earnings reports. Although news of tariff exemptions had triggered a brief rebound, the tension in U.S.-China trade relations and strengthened restrictions on chip exports have taken a toll on tech stocks. Intel's poor earnings dragged down the Nasdaq, while Tesla's strong performance provided some support for the S&P 500.
This week's important economic data and events include: speeches by Federal Reserve officials, the release of April CPI and PPI data, weekly initial jobless claims, and the preliminary value of May inflation expectations.
In terms of market hotspots, the Meme coin sector has performed remarkably well, with multiple currencies such as MOODENG, GOAT, and CHILLGUY experiencing big pumps. MOODENG stands out in particular, with a daily rise of over 130% and a weekly rise of more than 6 times, making it the best-performing Meme coin. Several trading platforms have announced they will list MOODENG, further stimulating demand.
The AI agent sector is also gaining attention, with tokens like PIPPIN, SWARMS, and GRIFFAIN rising, showing that this track remains a market focus. However, these tokens are still far from their historical highs, reflecting some skepticism in the market regarding existing AI agent projects, and new projects may emerge in the future.
It is worth noting that APT will unlock approximately 11.31 million tokens on May 12, worth about $58.47 million. Avalanche plans to unlock approximately 9.54 million AVAX tokens on May 17, 2025, accounting for 2.49% of the total supply, worth approximately $329 million at current prices.
Investors should be aware that the crypto market is highly speculative and carries significant risks. Past performance does not guarantee future results. Before making any investment decisions, one should fully consider personal investment goals, financial situation, and risk tolerance.