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The S&P 500 fell 0.64% on Monday as market sentiment weakened due to stalled trade talks and new tariff threats, with investors awaiting the Fed’s policy meeting and Powell’s remarks. Gold surged over 2% to $3,321 as a weaker USD and Fed rate hold expectations boosted demand, with traders eyeing resistance at $3,350 ahead of Powell’s upcoming comments. The Coindesk Indices, which tracks the broader crypto market, down 0.53%, with Bitcoin and Ether down 1.33% and 1.44%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today's top performer is ICX, which surged 21.4% after the announcement of its transformation into SODAX, a unified DeFi platform powered by Sonic and $SODA.
ICON Network (ICX), launched in 2017, connects diverse blockchain communities through smart contracts and Citizen nodes, aiming to improve interoperability across blockchains. It uses decentralized identifier (DID) technology to securely store user data, supporting decentralized finance and digital content distribution. ICON is evolving into SODAX, a unified DeFi platform with a new deflationary token ($SODA), optimized liquidity products, and a migration to the faster, low-cost Sonic EVM chain for scalability and sustainability.
Chainlink Rewards, launching on May 8, incentivizes active participation in the Chainlink network. The first phase, Season Genesis, offers 100M SXT tokens to eligible LINK Stakers. Future seasons will introduce a more advanced claiming system and additional rewards linked to various Chainlink Build projects. Stay cautious of phishing attempts, and only rely on official links provided at launch.
Category | Flow (millions) |
GBTC | (16.4) |
Non-GBTC | (89.3) |
Total | (105.7) |
Yesterday, BTC spot ETFs saw total outflows of $105.7M, with $16.4M from GBTC and $89.3M from other ETFs.
Humanity Protocol Phase 2 will launch soon, enabling users to verify their reserved Human ID as an on-chain proof of identity linked to their humanity. RWT will convert to Humanity Points (HP), claimable offchain with one click. Palm scanning via mobile will also be introduced to confirm user presence on the network.