Weekly Web3 Research | Market trend generally declined; ApeCoin released Q1 transparency report; The Fed may lower its benchmark interest rate by more than 2% in the next 12 months

The net inflow of US dollars into the crypto market last week was $6.283 billion, reaching a historic high since January 2022. The SHIB destruction rate surged to over 1,800%.

Bitcoin market momentum weakened, with South Korean trading volume dropping from $25 billion to $6.7 billion. The stolen funds from DEXX are currently being transferred to Tornado Cash, with approximately 1,000 ETH already deposited.

Michael Saylor: The proposal for strategic Bitcoin reserves is crucial for strengthening the United States_ economic leadership position. Cosmos Health, a US listed company, included Bitcoin and Ethereum as reserve assets.