Bitcoin is improving.
But after a 50% drawdown, being ~40% below the all-time high is still early in the recovery process.
Recoveries from drawdowns of this size take time.

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Editor's Note: In the early hours of May 25th, Ethereum co-founder Vitalik Buterin published a lengthy article on X. In it, Vitalik reinterpreted his expectations for Ethereum's future development and the role and functions of EF from a personal perspective.

Vitalik emphasized that Ethereum should not bow to mainstream trends, but must be impressive, and must uphold the CROPS values of censorship resistance, openness, privacy, and security. Vitalik also explicitly stated that "Ethereum's most valuable product is..."

Vitalik has finally relented; ETH is the most important product of Ethereum.

A wallet linked to the research-focused Web3 investment firm IOSG Ventures has moved a significant amount of crypto assets to the Binance exchange, a move typically interpreted as a precursor to selli...

IOSG Ventures-Linked Wallet Deposits $11.5M in UNI and COMP to Binance, Signaling Potential Sell-Off

Author: Xiaobing, TechFlow TechFlow
On May 22, after the China Securities Regulatory Commission (CSRC) announced its intention to impose severe penalties on three overseas brokerage firms—Futu, Tiger Brokers, and Longbridge—their stock prices plummeted.
However, in Futu's own app community, the style suddenly changed. It was no longer just about exchanging stock information; overnight, it became a dating platform for stock investors.
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A mainland Chinese woman with a D-cup bust who claims to be beautiful is seeking a foreign man; a mainland Chinese born in the 1990s with a 2046% return on investment is willing to accept a "gender-neutral" identity change; a Hong Kong man holding a German passport...

When Futu becomes a matchmaking corner, overseas status becomes a form of hard currency for the middle class.

The interesting part isn’t the drawdown.
It’s that flows are turning, the Nasdaq is back above trend, and historically that shifts the odds.
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