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“New Stock God” Serenity: AAOI, SIVE, Foci, and Shunsin Are the 4 Stocks with the Best Risk-Reward Ratio at Current Levels
“New Stock God” Serenity shared on platform X his top 4 most favored stocks currently: AAOI, SIVE, Foci, and Shunsin, stating that at their current market capitalizations, these targets offer the best risk-reward ratio.He indicated that AAOI benefits from capacity expansion in 2027 and growing demand for silicon photonics; SIVE’s photonics business revenue pipeline is growing rapidly with high profit margins; Foci is a key participant in the NVIDIA and TSMC FAU supply chain; and Shunsin is deeply involved in the CPO and photonics packaging business undertaken by Foxconn, yet its related value has not been fully priced in by the market.Additionally, Serenity listed XFAB as a “runner-up” target, believing it stands to benefit from the EU's Chips Act 2 and the development of the silicon photonics industry.
Greeks.live: Today, 25,000 BTC options and 274,000 ETH options expire.
According to analyst [email protected] (@BTC__options), the options expiry data for May 15 is as follows: For BTC, 25,000 contracts expired, with a Put-Call Ratio of 0.59, a maximum pain point at $80,000, and a notional value of $2 billion. For ETH, 274,000 contracts expired, with a Put-Call Ratio of 0.4, a maximum pain point at $2,300, and a notional value of $620 million. This week, Bitcoin traded sideways near $80,000, exhibiting clear technical support; market attention remained low, with only 6% of BTC options expiring, versus 11% for ETH. BTC’s key-term implied volatility (IV) stood at approximately 35%, while ETH’s was around 50%. Skew has fluctuated minimally over the past month, reflecting neutral directional sentiment, and options activity remains extremely low—approximately 20% of open interest is expected to remain by end-May and roughly 30% by end-June. Overall, Bitcoin performed relatively well in both price and market热度 during Q2 2024, supported by favorable legal, regulatory, and macroeconomic developments. However, market热度 still falls short of expectations. Against this long-term bullish backdrop, Bitcoin remains the primary trading instrument, and positioning in medium-to-long-dated options is widely viewed as a reasonable strategy.
HyperLiquid Upgrades to AQAv2 Mechanism: USDC Balances in Contract and Treasury Addresses Maintain Dynamic 1:9 Ratio
: HyperLiquid has announced an upgrade to the AQAv2 mechanism. The system will use on-chain automated trading to maintain a dynamic 1:9 balance of USDC between two core addresses in each HyperEVM block, corresponding to the contract execution layer and the treasury reserve layer, respectively.According to the mechanism design, this ratio is used for functional stratification between "high-frequency trading and liquidation liquidity" and "long-term reserves and yield pools," aiming to enhance system stability and isolate trading risks.On the technical side, the balancing process is executed automatically by the system without manual intervention. Circle is responsible for the technical deployment, while Coinbase undertakes the treasury deployment and management.Regarding the yield mechanism, AQAv2 stipulates that stablecoin issuers must distribute approximately 90% of their cost-adjusted reserve earnings generated within the Hyperliquid ecosystem to the protocol. Settlement occurs on a 30-day cumulative cycle, and the earnings will be automatically transferred to the Assistance Fund on the 8th day after the cycle ends.Additionally, the mechanism includes a transition period arrangement:1. Start of yield accrual: August 26;2. First yield payment: October 3.The market believes this design marks the evolution of stablecoins from traditional custody structures toward an on-chain infrastructure model characterized by "protocolized capital stratification + automated yield distribution."
PlanB: Ethereum Has Trailed Bitcoin for a Decade, ETH/BTC Ratio Still at 2016 Levels
on-chain analyst PlanB posted on Platform X, stating that despite not wanting to downplay Ethereum, based on the ETH/BTC trend, Ethereum has underperformed Bitcoin over the past decade. The current ETH/BTC ratio remains around 0.026, a level similar to March 2016. Ethereum did not experience a significant surge during the 2023/2024 crypto bull market, a pattern also seen in 2017 and 2021. Even now, Ethereum still lacks upward momentum relative to Bitcoin.
GreeksLive: Today, 21,000 BTC options and 129,000 ETH options expire.
According to GreeksLive, today 21,000 BTC options expire, with a Put/Call Ratio of 0.66, maximum pain at $78,500, and notional value of $1.6 billion; 129,000 ETH options expire, with a Put/Call Ratio of 0.92, maximum pain at $2,200, and notional value of $280 million. This week, BTC concluded a one-and-a-half-month rally amid muted market conditions; expiring BTC and ETH options each account for only ~5% of total open interest. BTC’s maximum pain level lies close to the current spot price, implying relatively strong gamma/pin risk; ETH’s expiry volume is half that of last week, and its current spot price sits below maximum pain—short-term implied volatility (IV) is highly likely to decline post-expiry. IV across all major maturities declined broadly: BTC IV fell below 35%, ETH IV fell below 50%, and the Volatility Risk Premium (VRP) rose slightly. On the large-trade front, whales concentrated positions in bearish put spreads (5,000-lot 75K/71K puts expiring end-May), totaling nearly $200 million in notional value. Overall, volatility expectations remain low, and market activity falls short of expectations.
$6.25 billion in Bitcoin options expire, with traders concentrating bets on the $82,000 call option
According to CoinDesk, approximately $6.25 billion worth of Bitcoin options contracts will expire on May 29, with the $75,000 strike price hosting the largest put position—valued at roughly $394 million—and the $80,000 strike price holding the largest call position—valued at approximately $532 million. The current maximum pain price stands at $75,000, about 3% below Bitcoin’s current price of $77,250. Data shows that a total of 80,535 contracts are set to expire, comprising 43,184 calls and 37,351 puts, yielding a Put/Call Ratio of 0.86—indicating the market remains moderately bullish overall. Notably, the Bitcoin call option expiring on May 29, 2026, with a $82,000 strike price emerged as Thursday’s most actively traded single options product, with around 1,600 contracts traded and a notional value of approximately $126 million—suggesting some traders are betting on an upside breakout for Bitcoin.
Greeks.live: Today, 25,000 BTC options and 274,000 ETH options expire.
According to analyst [email protected] (@BTC__options), the options expiry data for May 15 is as follows: For BTC, 25,000 contracts expired, with a Put-Call Ratio of 0.59, a maximum pain point at $80,000, and a notional value of $2 billion. For ETH, 274,000 contracts expired, with a Put-Call Ratio of 0.4, a maximum pain point at $2,300, and a notional value of $620 million. This week, Bitcoin traded sideways near $80,000, exhibiting clear technical support; market attention remained low, with only 6% of BTC options expiring, versus 11% for ETH. BTC’s key-term implied volatility (IV) stood at approximately 35%, while ETH’s was around 50%. Skew has fluctuated minimally over the past month, reflecting neutral directional sentiment, and options activity remains extremely low—approximately 20% of open interest is expected to remain by end-May and roughly 30% by end-June. Overall, Bitcoin performed relatively well in both price and market热度 during Q2 2024, supported by favorable legal, regulatory, and macroeconomic developments. However, market热度 still falls short of expectations. Against this long-term bullish backdrop, Bitcoin remains the primary trading instrument, and positioning in medium-to-long-dated options is widely viewed as a reasonable strategy.
Analysis: Bitcoin Remains in Strong Expansion Zone, Multiple On-Chain and Capital Indicators Confirm “Full Bull Market Momentum”
although Bitcoin has retraced approximately 2.5% from its local high of $82,800 on May 6, market analysts widely believe its overall uptrend structure remains intact, and it has re-entered the "full bull market momentum" zone. Swiss wealth management firm Swissblock points out that Bitcoin has re-entered a price expansion zone, with the Bull Market Support Band turning into support. The 21-week EMA has crossed back above the 20-week SMA, shifting the trend structure back to bullish.Bitcoin is currently consolidating around the $80,000 level, where the "Realized Market Mean" and the short-term holder cost basis form key support, while the realized price near $85,000 represents overhead resistance. Spot buying pressure driven by whales and institutions is strengthening, while the proportion of speculative derivatives activity is declining. Historically, similar structural setups have often corresponded to sustainable uptrends. If this indicator remains persistently positive, it could further propel Bitcoin's upward cycle.On the liquidity front, the Stablecoin Supply Ratio (SSR) has rebounded from historical lows into a critical range, indicating stablecoin capital is flowing back into the market. This signal previously corresponded to阶段性底部反弹 (significant bottom bounces) in mid-2021, 2022, and mid-2023.Meanwhile, Binance's Stablecoin Supply Ratio Oscillator (SSR Oscillator) has risen to 2.8, hitting a 12-month high, demonstrating a notable increase in stablecoin purchasing power. On-chain activity is also strengthening. Bitcoin's daily transaction volume increased by 116% in May to 831,400 transactions, a 20-month high; the number of active addresses grew 7.1% week-over-week to 707,700; and total fees rose 37% to $279,300, indicating significantly heightened network usage activity. Regarding capital structure, the 90-day spot Taker CVD has turned consistently positive, suggesting spot buying is dominating the market. Glassnode data shows this indicator has further increased to $62 million compared to a week earlier, reflecting a strengthening of active buying sentiment in the market.In summary, price structure, liquidity indicators, and on-chain demand all indicate that Bitcoin remains in a "strong trend expansion phase," with the bull market momentum not yet exhausted. (Cointelegraph)
HyperLiquid Upgrades to AQAv2 Mechanism: USDC Balances in Contract and Treasury Addresses Maintain Dynamic 1:9 Ratio
: HyperLiquid has announced an upgrade to the AQAv2 mechanism. The system will use on-chain automated trading to maintain a dynamic 1:9 balance of USDC between two core addresses in each HyperEVM block, corresponding to the contract execution layer and the treasury reserve layer, respectively.According to the mechanism design, this ratio is used for functional stratification between "high-frequency trading and liquidation liquidity" and "long-term reserves and yield pools," aiming to enhance system stability and isolate trading risks.On the technical side, the balancing process is executed automatically by the system without manual intervention. Circle is responsible for the technical deployment, while Coinbase undertakes the treasury deployment and management.Regarding the yield mechanism, AQAv2 stipulates that stablecoin issuers must distribute approximately 90% of their cost-adjusted reserve earnings generated within the Hyperliquid ecosystem to the protocol. Settlement occurs on a 30-day cumulative cycle, and the earnings will be automatically transferred to the Assistance Fund on the 8th day after the cycle ends.Additionally, the mechanism includes a transition period arrangement:1. Start of yield accrual: August 26;2. First yield payment: October 3.The market believes this design marks the evolution of stablecoins from traditional custody structures toward an on-chain infrastructure model characterized by "protocolized capital stratification + automated yield distribution."
Binance Releases Updated Proof of Reserves, BTC Reserve Ratio at 100.58%
Binance has released an updated Proof of Reserves, showing that asset reserves consistently exceed a 1:1 ratio to safeguard user funds. Among these, the BNB reserve ratio stands at 100.58%, the Bitcoin reserve ratio at 100.20%, and the ETH reserve ratio at 100%. The USDT reserve ratio is 103.17%.
Binance Updates Perpetual Contract Leverage and Collateral Ratio
According to an official announcement, Binance will update the collateral ratio and tiered collateral ratio for certain assets under the portfolio margin mode at 14:00 (Beijing Time) on May 29, 2026. This involves DOGE, SAHARA, SKY, 1MBABYDOGE, CTSI, and AAVE under the PMPro mode. Additionally, at 14:30 (Beijing Time) on the same day, Binance Futures will adjust the leverage and margin tiers for the following USDⓈ-M perpetual contracts: ESPORTSUSDT, SYRUPUSDT, VVVUSDT, FFUSDT, BEATUSDT, GOATUSDT, LIGHTUSDT, TAKEUSDT, NFPUSDT, PORTALUSDT, CLOUSDT, TUTUSDT, HMSTRUSDT. Existing positions will be affected, and users need to make adjustments in advance.
Binance Releases May Proof of Reserve Update, BTC Reserve Ratio Reaches 100.22%
Binance has released its May proof of reserve update. As of May 1st, users' net BTC balance stood at 606,742.388 BTC, while Binance's wallet balance was 608,067.979 BTC, resulting in a BTC reserve ratio of 100.22%.Additionally, users' net ETH balance was 3,762,321.834 ETH, with Binance's wallet balance at 3,762,328.82 ETH, giving an ETH reserve ratio of 100%. The USDT reserve ratio was 104.27%, and the BNB reserve ratio was 101.68%.
USDD Releases April Monthly Report: Supply Exceeds $1.5 Billion, Collateralization Ratio Reaches 146% at Month-End
Decentralized USDD released its April 2026 Monthly Transparency Report. The report shows that USDD’s total supply peaked at $1.558 billion in April, representing a month-on-month increase of approximately 10.87%; as of April 30, 2026, the total value of collateralized assets reached $2.16 billion, with the overall collateralization ratio maintained at 146% at month-end. Smart Allocator’s cumulative earnings surpassed $16.24 million, with approximately $2.46 million in new earnings generated during the month. Additionally, USDD further optimized its reserve composition this month by introducing the WBTC Vault, increasing the proportion of non-native collateral assets. It also launched the MCP functionality and machine-readable documentation tailored for large language models (LLMs), supporting the development of the AI Agent ecosystem. According to the official USDD team, future priorities include strengthening stability, optimizing the yield system, upgrading transparency, and expanding the ecosystem—aiming to become a trusted stablecoin infrastructure within both the AI Agent economy and decentralized finance (DeFi) use cases.
CryptoQuant: BTC is still in a bear market rally at this stage; profit-taking may further intensify.
According to The Block, Julio Moreno, Research Director at on-chain analytics platform CryptoQuant, released a report on May 8 stating that Bitcoin has surged over 20% since early April, reaching a three-month high. However, the firm characterizes this rally as a “bear market bounce” and warns that profit-taking pressure may intensify further. On the data front, Bitcoin holders’ daily realized profit reached 14,600 BTC on May 4—the highest level since December 10, 2025. Meanwhile, the Short-Term Holder Spent Output Profit Ratio (STH-SOPR) has remained consistently above 1.00 since mid-April, indicating the market has entered a sustained profit-taking phase. On a 30-day rolling basis, holders’ net realized profit turned positive at +20,000 BTC—the first time since December 22, 2025—after net losses plunged as deep as -398,000 BTC between February and March. Nonetheless, Moreno notes that the current net profit level of +20,000 BTC remains far below the historical 130,000–200,000 BTC threshold typically required to confirm a bull market transition, reinforcing the view that this is a “bear market bounce” rather than a structural trend reversal. Additionally, the current unrealized profit ratio stands at approximately 18%; historical experience shows that when this indicator rises to elevated levels, holders tend to sell to lock in gains, increasing correction risk.
Related news
HyperLiquid Upgrades to AQAv2 Mechanism: USDC Balances in Contract and Treasury Addresses Maintain Dynamic 1:9 Ratio
: HyperLiquid has announced an upgrade to the AQAv2 mechanism. The system will use on-chain automated trading to maintain a dynamic 1:9 balance of USDC between two core addresses in each HyperEVM block, corresponding to the contract execution layer and the treasury reserve layer, respectively.According to the mechanism design, this ratio is used for functional stratification between "high-frequency trading and liquidation liquidity" and "long-term reserves and yield pools," aiming to enhance system stability and isolate trading risks.On the technical side, the balancing process is executed automatically by the system without manual intervention. Circle is responsible for the technical deployment, while Coinbase undertakes the treasury deployment and management.Regarding the yield mechanism, AQAv2 stipulates that stablecoin issuers must distribute approximately 90% of their cost-adjusted reserve earnings generated within the Hyperliquid ecosystem to the protocol. Settlement occurs on a 30-day cumulative cycle, and the earnings will be automatically transferred to the Assistance Fund on the 8th day after the cycle ends.Additionally, the mechanism includes a transition period arrangement:1. Start of yield accrual: August 26;2. First yield payment: October 3.The market believes this design marks the evolution of stablecoins from traditional custody structures toward an on-chain infrastructure model characterized by "protocolized capital stratification + automated yield distribution."
PlanB: Ethereum Has Trailed Bitcoin for a Decade, ETH/BTC Ratio Still at 2016 Levels
on-chain analyst PlanB posted on Platform X, stating that despite not wanting to downplay Ethereum, based on the ETH/BTC trend, Ethereum has underperformed Bitcoin over the past decade. The current ETH/BTC ratio remains around 0.026, a level similar to March 2016. Ethereum did not experience a significant surge during the 2023/2024 crypto bull market, a pattern also seen in 2017 and 2021. Even now, Ethereum still lacks upward momentum relative to Bitcoin.
Binance Releases Updated Proof of Reserves, BTC Reserve Ratio at 100.58%
Binance has released an updated Proof of Reserves, showing that asset reserves consistently exceed a 1:1 ratio to safeguard user funds. Among these, the BNB reserve ratio stands at 100.58%, the Bitcoin reserve ratio at 100.20%, and the ETH reserve ratio at 100%. The USDT reserve ratio is 103.17%.
Nominal value of $1.89 billion Bitcoin options expires today, market attention largely focused on US stocks
Greeks.live posted on platform X, stating that nominal value of $1.89 billion Bitcoin options expires today, including 25,600 BTC options expiring, with a Put Call Ratio of 0.56, max pain point at $70,500, and a nominal value of $1.62 billion; 155,000 ETH options expiring, with a Put Call Ratio of 0.92, max pain point at $2,000, and a nominal value of $270 million. Bitcoin suffered a sharp decline this week, once approaching $60,000. Due to the rapid decline, BTC and ETH have both moved away from the support of the "max pain point." The poor market conditions have further dampened the already low market attention. Only 6% of options expire this week, with market attention largely focused on US stocks.
$1.89 billion notional value of Bitcoin options expires today, with market attention largely focused on U.S. equities.
According to Greeks.live data, $1.89 billion in notional value of Bitcoin options expired today, comprising 25,600 BTC options with a Put/Call Ratio of 0.56 and a maximum pain point at $70,500 (with $1.62 billion in notional value); and 155,000 ETH options expired, with a Put/Call Ratio of 0.92, a maximum pain point at $2,000, and $270 million in notional value. Bitcoin experienced a sharp decline this week, briefly approaching $60,000. Due to the rapid drop, both BTC and ETH moved significantly away from their respective “maximum pain” levels. Poor market conditions further dampened already low investor attention—only 6% of options expired this week, with market focus largely centered on U.S. equities.
“New Stock God” Serenity: AAOI, SIVE, Foci, and Shunsin Are the 4 Stocks with the Best Risk-Reward Ratio at Current Levels
“New Stock God” Serenity shared on platform X his top 4 most favored stocks currently: AAOI, SIVE, Foci, and Shunsin, stating that at their current market capitalizations, these targets offer the best risk-reward ratio.He indicated that AAOI benefits from capacity expansion in 2027 and growing demand for silicon photonics; SIVE’s photonics business revenue pipeline is growing rapidly with high profit margins; Foci is a key participant in the NVIDIA and TSMC FAU supply chain; and Shunsin is deeply involved in the CPO and photonics packaging business undertaken by Foxconn, yet its related value has not been fully priced in by the market.Additionally, Serenity listed XFAB as a “runner-up” target, believing it stands to benefit from the EU's Chips Act 2 and the development of the silicon photonics industry.