BlockBeats News: On May 4th, according to Dune data, the circulating supply of Coinbase Wrapped BTC (cbBTC), a packaged Bitcoin launched by Coinbase, reached 40884, an increase of over 8000 in the past month. The current market value of cbBTC is about $3.892 billion, ranking second in the packaged Bitcoin market share with a market share of 22.8%, second only to wBTC.

On May 4th, according to Ultrasound.money data, Ethereum's net supply increased by 17575 tokens in the past 7 days, with an increase of approximately 18200 ETH in supply. 625 ETH were destroyed through the destruction mechanism. The total supply of Ethereum has reached 120734538 ETH, with a current supply growth rate of 0.76% per year.

BlockBeats news, on May 4th, according to Alternative data, the cryptocurrency panic and greed index was 64 today (65 yesterday), with an average of 61 last week. Market sentiment remained 'greedy', significantly recovering from the April average of 28 'panic' caused by tariff shocks. Note: The threshold for the panic index is 0-100, including indicators such as volatility (25%)+market trading volume (25%)+social media popularity (15%)+market research (15%)+Bitcoin's proportion in the entire market (10%)+Google keyword analysis (10%).

The current price range has sparse chips, and market volatility may be amplified. Based on the analysis of chip distribution, the recent support level is around 1800, only 1.91% away from the current price, indicating strong short-term support. However, due to the extreme decline in trading volume and the strong wait-and-see sentiment in the market, we need to be vigilant about the effectiveness of price downward support. From the candlestick pattern, a cross star appears in the latest 1-hour cycle, coupled with increased downward momentum in MACD, indicating an urgent need for direction selection. Activate member unlock chip distribution indicators, accurately locate strong and weak support, and seize breakthrough opportunities! The data is sourced from the PRO member's [ETH/USDT Binance 1-hour] K-line, for reference only, and does not constitute any investment advice.

According to South Korean media Point Daily, the presidential election on June 3 is approaching, and the ruling and opposition parties have reached a consensus on traditional investment related bills. Winning the votes of virtual asset investors will be crucial to winning the presidential election. The estimated number of virtual asset investors in South Korea is 16 million, accounting for about 36% of the total number of voters in the 22nd general election held on April 10 last year (approximately 44.25 million). Candidates from various political parties have put forward policies related to virtual assets. The Common Democratic Party has pledged to advance the Basic Law on Digital Assets, while the National Power Party has proposed seven major policies, including lifting restrictions on institutional investment and allowing ETF trading. Industry insiders say that due to investors' strong demand for policy relaxation, the voting orientation of virtual asset investors will have a significant impact on the election situation.