Wu Shuo Daily Selected Crypto News + This Week's Macro Indicators
Powered by ChatGPT1. Large Token Unlocks This Week
In the next 7 days, single large unlocks (unlock amount greater than 5 million USD) include SUI, OMNI, OP, KMNO, ENA, ZETA, REZ, MEME, DYDX, GUNZ, IOTA, etc. Linear large unlocks over the next 7 days (daily unlock amount greater than 1 million USD) include SOL, WLD, TRUMP, TIA, DOGE, TAO, AVAX, SUI, DOT, IP, MORPHO, NEAR, JTO, etc., with total unlock value exceeding 675 million USD. It is worth noting that the TRUMP project team previously announced on April 24 that the initial token unlock and the daily unlocks for the following three months will each be extended by 90 days of lock-up.
2. Dashan from Waterdrop Capital: Multiple Projects Did Not Distribute Tokens as Per Agreement After Listing on Binance, Investors Have No Countermeasures
Dashan from Waterdrop Capital stated on Space that recently four of their projects have listed on Binance, but none of them distributed tokens to investors as agreed. Although the investment agreements clearly stipulated token distribution, after listing, project teams can arbitrarily modify terms, leaving investors with no means of resistance. The difference between listing or not listing on top exchanges is huge in the current environment.
3. WLFI Founders Meet CZ in Abu Dhabi to Discuss Global Crypto Expansion
WLFI announced that its founders Zach Witkoff, Zak Folkman, and WatcherChase met with Binance founder CZ in Abu Dhabi to discuss promoting global adoption of cryptocurrency and setting new standards. CZ previously posted that he met Zach Witkoff and Bilal Bin Saqib that day and anticipated negative media reports but emphasized continuing to focus on building.
4. Ethereum Researcher Proposes EIP-9698: Suggesting Exponential Growth of Ethereum Gas Limit
Ethereum researcher Dankrad Feist submitted a new draft proposal EIP-9698, suggesting Ethereum's Gas Limit grow exponentially (current Gas Limit is 36 million), through default client settings (addressing the current lack of coordination in miner voting), enabling a 100-fold increase within four years. The goal is to create a predictable and sustainable Gas Limit growth trajectory, enhancing coordination and transparency during Gas Limit adjustments while maintaining backward compatibility with existing mechanisms.
5. Standard Chartered: Bitcoin to Rise to About 120,000 USD in Q2 2025
Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, stated that Bitcoin is expected to rise to about 120,000 USD in Q2 2025, driven by factors such as US investors shifting to non-US assets. He pointed out that the US Treasury term premium is at a 12-year high, whale addresses continue accumulating, and ETF inflows support the upward trend. Additionally, Kendrick maintains a Bitcoin target price of 200,000 USD by the end of 2025.
6. Sunwu Court Hears Virtual Currency Fraud and Money Laundering Case Involving Over 30 Million USDT Transactions
Sunwu Court is hearing a case involving off-exchange virtual currency fraud and money laundering. The two wallets used by the suspects conducted over 30.39 million USDT transactions, engaging in nearly 10,000 USDT transactions with multiple parties, involving close to 10,000 receiving accounts. The total transaction flow reached 120 million CNY. The virtual currency accounts handled were used in seven telecom network fraud cases to gain victims' trust, transfer funds to and from victims, or directly or indirectly receive fraudulent proceeds.
7. Wu Shuo’s Weekly Macro Indicators and Analysis: US Nonfarm Payrolls, Bank of Japan Rate Decision
Summary
This week features many key events and data points, with a focus on the US April Nonfarm Payroll Report, March Core PCE, Q1 GDP, and the Bank of Japan's interest rate decision.
Last Week Review
IMF: Trade war may lead to a slowdown in global economic growth this year.
Federal Reserve Beige Book: Economic activity largely unchanged, strong trade concerns, inflation mentioned less than expected.
US initial jobless claims for the week ending April 19 were 222,000, as expected; previous value revised from 215,000 to 216,000.
US April University of Michigan Consumer Sentiment final reading was 52.2, the lowest since July 2022.
US April one-year inflation expectations final reading was 6.5%, expected 6.8%.
Key Events & Indicators This Week
April 30
China April Official Manufacturing PMI (09:30)
China April Caixin Manufacturing PMI (09:45)
US April ADP Employment Change (10,000s) (20:15)
US Q1 Real GDP Annualized
US Q1 GDP preliminary estimate (20:30)
US March Core PCE Price Index YoY (22:00)
May 1
US April ISM Manufacturing PMI (22:00)
Bank of Japan announces interest rate decision and economic outlook report
May 2
US April Unemployment Rate (20:30)
US April Seasonally Adjusted Nonfarm Payrolls (ten thousands) (20:30)