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Coinbase and Glassnode's latest global investor survey shows that over 70% of cryptocurrency investors believe Bitcoin is currently undervalued, with 82% of institutional investors and 70% of non-institutional investors thinking the market is in the "late bear market" or "value retracement phase." The survey covered a total of 91 global investors, including 29 institutions and 62 non-institutional investors.The data indicates that about 75% of institutional investors and 61% of non-institutional investors believe BTC is undervalued, with only a few respondents thinking the price is overvalued. On-chain data also signals a tendency towards the bottom area. CryptoQuant analyst Woominkyu's Bitcoin Combined Market Index (BCMI) recently rose from 0.26 to 0.37; this index combines MVRV, NUPL, SOPR, and market sentiment, and historically corresponds to a phase of deep undervaluation for Bitcoin. Additionally, the realized market cap ratio of short-term holders from 1 week to 1 month has dropped to 3.91%, close to the level when Bitcoin was around $27,000 in October 2023. Analysts believe this indicates a significant decline in market speculation activity, suggesting that Bitcoin may be entering a "value accumulation range."

According to CoinDesk, 21Shares Chief Investment Officer Adrian Fritz stated that the spot Bitcoin ETF continues to attract inflows, reinforcing Bitcoin's core position in institutional asset allocation, even as prices remain fluctuating below $80,000. Adrian Fritz pointed out that since the beginning of this year, Bitcoin ETFs have accumulated nearly $2 billion in funds, with sources including retail investors, institutions, and hedge fund arbitrage and options strategy trading.As traditional asset management institutions like Morgan Stanley accelerate their layouts, crypto assets are being more widely incorporated into multi-asset portfolio allocations. Bitcoin's current daily trading volume has exceeded $50 billion, and liquidity levels are approaching those of large tech stocks like Nvidia. The ETF mechanism simultaneously provides liquidity in both primary and secondary markets, gradually giving it "institutional-grade asset" attributes.Although the market is still suppressed by macro and interest rate environments, Adrian Fritz believes that ETF inflows have shifted from being driven by speculation to structural demand. He expects that with improvements in geopolitical conditions, continued inflows, and short covering, Bitcoin is likely to challenge the $100,000 mark within the year. Meanwhile, the differentiation among altcoins is intensifying, and the market is shifting towards a logic of asset selection that emphasizes fundamentals and cash flow.

According to Coinglass data, if ETH falls below $2,188, the cumulative long liquidation intensity on mainstream CEX will reach $883 million. Conversely, if ETH breaks above $2,416, the cumulative short liquidation intensity on mainstream CEX will reach $842 million.

According to Coinglass data, if BTC falls below $72,914, the cumulative long liquidation intensity on mainstream CEX will reach $1.279 billion. Conversely, if BTC breaks above $80,474, the cumulative short liquidation intensity on mainstream CEX will reach $970 million.

The Ethereum Foundation has announced the list of grants and ecosystem support projects for the first quarter of 2026, focusing on cryptography, zero-knowledge proofs (ZK), protocol security, and core infrastructure development, continuously strengthening the Ethereum underlying technology stack and long-term scalability.This quarter's funding covers several key areas. At the protocol and client level, projects include optimizations for the Geth and Erigon clients, upgrades to the Lighthouse client, and the development of network monitoring tools after the Pectra upgrade, with a focus on improving network performance and attack resistance. Additionally, projects such as HSM key management, the validator security tool Vero, and the DISC-NG node discovery mechanism have also received support to enhance node-level reliability and institutional compliance capabilities.In the areas of cryptography and ZK, the foundation continues to invest in projects such as the analysis of the Poseidon hash function, research on Gröbner basis attacks, exploration of quantum-resistant and homomorphic mixed encryption, and formal verification of RISC-V zkVM, further strengthening the security boundaries of zero-knowledge proofs and cryptographic infrastructure.In terms of the developer ecosystem, the BuidlGuidl education system upgrade, ERC standard community building, WalletConnect clear signature library, and Open Creator Rails toolchain are continuously advancing to lower development barriers and enhance user interaction security. Meanwhile, L2BEAT continues to provide transparency analysis for Layer 2, strengthening the data infrastructure for scaling ecosystems.Furthermore, the foundation supports privacy technologies (such as Tor integration and Privacy Pool SDK), decentralized identity (did:ethr standard upgrade), DAO governance research, and public goods experimental projects, covering a complete ecological structure from the protocol layer to the application layer. Overall, this round of funding continues Ethereum's long-term investment in the three core directions of "cryptography + ZK + protocol engineering," emphasizing the support for future multi-layer scaling and institutional-level application implementation through infrastructure and standardization development.

According to Gate market data, at the opening of the US stock market, the Dow Jones Industrial Average rose by 0.04%, the S&P 500 index fell by 0.07%, and the Nasdaq Composite Index fell by 0.28%. NXP Semiconductors (NXPI.O) rose by 21.7% due to its strong second-quarter earnings guidance. As a result, ON Semiconductor (ON.O) rose by 6.4%, and Microchip Technology (MCHP.O) rose by 4.8%. Silicon Motion (SIMO.O) rose by 35%, as its first-quarter performance and second-quarter guidance significantly exceeded expectations.

According to Jinshi reports, the US dollar against the Japanese yen (USD/JPY) briefly reached 160, setting a new high since April 7.

According to Jinshi News, major investment banks have conducted forward-looking analyses on the Federal Reserve's future interest rate path. Wells Fargo and ING both expect the Federal Reserve to cut rates by 25 basis points in September and December. ANZ believes that the rate-cutting cycle may restart in the third quarter. Goldman Sachs and Barclays also stated that if inflation falls, the Federal Reserve will ease policy around September. Bank of America predicts that the rate cut could reach 50 basis points.

According to CNBC, the crypto data and research platform Blockworks announced the completion of its Series A extension financing, with a post-money valuation of $192 million. This round was co-led by Parafi Capital and Reciprocal Ventures, with participation from several institutions including Coinbase Ventures, Advancit Capital, and MoonPay. Over 20 founders and operators from projects such as Solana, LayerZero, Pyth, EigenLayer, Kraken, Arbitrum, and Polygon also participated personally, though the specific financing amount has not been disclosed.The company stated that the crypto market has grown to a trillion-dollar scale without the infrastructure of traditional capital markets, but still faces issues such as data fragmentation, inconsistent disclosures, and a lack of communication mechanisms for investors. Blockworks aims to fill this gap through a "data + disclosure + investor relations" integrated framework.

Andre Cronje stated in an interview with Cointelegraph that many DeFi protocols today are "no longer truly DeFi" and are more like "profit-driven companies operated by teams," as they generally rely on upgradable contracts, multi-signatures, off-chain infrastructure, and manual operational control.Cronje pointed out that the current industry is still overly focused on smart contract audits while neglecting operational risks that are closer to traditional finance (TradFi). He believes that recent attack incidents are not due to code vulnerabilities but stem from off-chain infrastructure, permission management, and social engineering attacks.The discussion arises from the recent frequent security incidents in DeFi. In April, protocols such as Flying Tulip, Drift Protocol, and Kelp encountered security events, with Drift and Kelp suffering losses of approximately $280 million and $293 million, respectively.In response, Flying Tulip has introduced a "Withdrawal Circuit Breaker," which can delay or queue withdrawal requests when unusually large withdrawals occur, allowing the team about 6 hours to respond. Cronje emphasized that this mechanism does not permanently freeze withdrawals but serves as a layer of protection within the security system.However, Michael Egorov holds a cautious attitude towards this. He stated that the circuit breaker itself could also become a new point of centralized risk. If control permissions fall into the hands of an attacker, the mechanism originally intended to protect the protocol could instead be used to freeze assets or directly transfer funds.Egorov believes that the long-term direction of DeFi should be to minimize human intervention and centralized permissions as much as possible, rather than adding more layers of manual control. "The security of DeFi comes from decentralization, not more human management."

According to Gate market data, as international crude oil prices rise, the US Dollar Index DXY has reached an intraday high, peaking at 98.77.

According to official news, Visa has announced the formal inclusion of Polygon in its global Stablecoin Settlement Program. Visa partners, including issuing institutions and acquiring institutions, can now complete stablecoin settlements through the Polygon network. Polygon stated that it has now become the largest USD stablecoin payment network in the world.According to Allium and Dune data: 34% of USD stablecoin transfers occur on Polygon, more than twice that of BNB Chain; 54% of USDC transfers occur on Polygon, higher than the total of all other chains; 36% of global USDC transactions run on Polygon; Polygon currently has approximately 3.19 million weekly active stablecoin users; the on-chain stablecoin supply has reached a historic high of $3.62 billion; in March, the number of USD stablecoin transactions reached 178.1 million.Visa stated that its stablecoin settlement program has achieved an annualized operating scale of $7 billion this quarter, a 50% increase from three months ago. Polygon emphasized that its network features low transaction fees, approximately 4 seconds for transaction finality, and has been used by institutions such as Stripe, Revolut, Flutterwave, and BlackRock for real financial activity settlements.

Agent Economy project NeoSoul announced a strategic partnership with AI-powered financial OS Infini. Currently, NeoSoul has adopted the Infini corporate card to support the team's expenses in SaaS subscriptions, AI APIs, cloud services, marketing, community operations, and collaboration tools during the globalization process, further enhancing the payment efficiency and financial management capabilities of AI/Web3 teams.As the globalization of AI and Web3 projects continues to increase, the team's daily expenses are showing characteristics of high frequency, small amounts, cross-border, and multi-platform. From model calls, cloud infrastructure, and node services to advertising, content production, and community growth, corporate financial tools have become an important infrastructure affecting R&D efficiency and market execution speed. Through this collaboration, NeoSoul will leverage the Infini corporate card and related tools to optimize the team's experience in cross-border spending, budget management, expense visualization, and operational collaboration, providing more flexible financial support for subsequent product development and global market expansion.In the future, both parties will further communicate around corporate financial operations in the AI era. Potential directions include the application of AI Agents in corporate expense management, budget control, subscription management, and cross-border payments, the role of stablecoin payments in the global operations of AI/Web3 teams, and the potential needs for payment authorization, settlement, and credit infrastructure that may arise during the development of the Agent Economy. NeoSoul and Infini also plan to continuously focus on the integration of AI Agents and corporate financial infrastructure through industry exchanges, closed-door discussions, and ecological communication, promoting more discussions on AI-native operations, stablecoin payments, and digital economic infrastructure.NeoSoul co-founder Kaelan stated: "The development of AI Agents is gradually moving from content generation and information processing to more complex economic behaviors. As Agents begin to participate in forecasting, collaboration, payments, settlements, and long-term credit accumulation, enterprises and development teams also need financial infrastructure that is more suitable for globalization, digitization, and automation scenarios. This collaboration with Infini will start from NeoSoul's own team operation scenarios and gradually explore more possibilities for the integration of AI and new financial tools."Infini founder Christian stated: "NeoSoul is exploring cutting-edge directions such as AI Agents, predictive markets, and the Agent Economy, which highly aligns with Infini's judgment on the future of corporate financial automation. We are pleased to support NeoSoul's global operations through corporate cards and financial operation tools. In the future, Infini also looks forward to more discussions with NeoSoul around financial management for AI-native teams, stablecoin payments, and automated operations."

According to Coinglass data, despite the recent downward trend of Bitcoin, as April is coming to an end, the monthly return of Bitcoin is expected to set a record for the highest single-month return in nearly 12 months. Currently, the Bitcoin return stands at 13.84%, slightly above the historical average return of 13.12%, and higher than the historical median return of 10.05%.In addition, the current Ethereum return is 10.97%, below the historical average return of 19.16%.

According to Cointelegraph, the cross-chain protocol ZetaChain disclosed that the security issues involved in its recent approximately $334,000 vulnerability attack event had been reported in advance by researchers in the bug bounty program but were deemed "expected behavior" by the project team at that time and were not addressed.According to the official incident review, this attack originated from a combination of three design flaws that initially appeared to be independent and low-risk: the Gateway contract allowed anyone to send any cross-chain instructions; the receiving end could execute calls on almost any contract, and the blacklist restrictions were too narrow; some wallets retained unlimited approvals for a long time without being cleared. The attacker ultimately combined these flaws to instruct the Gateway to transfer tokens directly to their controlled address, thus completing the asset transfer.ZetaChain stated that this attack involved 9 transactions across four chains: Ethereum, Arbitrum, Base, and BSC, with the stolen funds all coming from wallets controlled by ZetaChain, and user funds were not affected. The official noted that the attack showed clear premeditation. The attacker funded the wallet through Tornado Cash three days before the attack and deployed a dedicated Drainer contract in advance, while also implementing an Address Poisoning attack.Currently, ZetaChain has begun pushing repair patches to the mainnet nodes, permanently disabling the arbitrary call function and changing the unlimited approval mechanism in the deposit process to "exact amount authorization."

The token CAS issued by the Base ecosystem AI project Caspius has been continuously rising since its launch yesterday afternoon, reaching a market cap high of $18 million, currently reported at $16.6 million, with a 24-hour increase of 220%.It is reported that Caspius is an embodied AI data infrastructure project focusing on robot training data.ChainCatcher reminds users that meme coin trading is highly volatile, largely relying on market sentiment and conceptual speculation, with no actual value or use case; investors should be aware of the risks.

According to Coinglass data, if ETH falls below $2,228, the cumulative long liquidation intensity on mainstream CEX will reach $1.171 billion. Conversely, if ETH breaks above $2,438, the cumulative short liquidation intensity on mainstream CEX will reach $536 million.

According to Coinglass data, if BTC falls below $74,003, the cumulative long liquidation intensity on major CEXs will reach $1.518 billion. Conversely, if BTC breaks above $80,975, the cumulative short liquidation intensity on major CEXs will reach $714 million.

According to monitoring by BitcoinTreasuries.NET, the Total Stock Market Index Fund of Vanguard Group, with assets under management of $12 trillion, increased its holdings in the Bitcoin treasury company Strive (ASST) by 276,200 shares, bringing the total holdings to 1.72 million shares, valued at approximately $25.2 million.

According to official news, B.AI announced a formal partnership with deBridge, and both parties will jointly explore intent-driven cross-chain infrastructure to provide seamless cross-chain execution for a scalable AI Agent economy. B.AI is committed to building the financial underlying infrastructure for the AI Agent era, while deBridge's 0-TVL model and gasless cross-chain technology provide secure and decentralized underlying support. With deBridge's MCP and intent-driven Bundles, both parties will work together to promote an efficient and secure autonomous trading system, accelerating the implementation of cross-chain execution in the AI Agent era.