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On-chain Data Academy (10): Market Barometer RUPL (II) Strongest Top Signal & Detailed Analysis of Historical Cycle Tops

This article discusses the application of the RUPL indicator in market top signals. By observing the divergence between RUP and price movement, market top signals can be provided. The author analyzes top signals from historical cycles and points out that each historical cycle top has shown RUP divergence. Currently, there has been one RUP divergence top signal in the market, which may indicate a potential market top. Readers are advised to closely follow market developments.
ai-iconThe abstract is generated by AI
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Exclusive interview with Sherry, the founding engineer of Aptos: The technical journey of Meta Blockchain "OG" in building a "global trading engine".

Interview: Tong,
Editor: Yuliya,
Against the backdrop of increasingly fierce competition in public chains, Aptos is steadily moving towards its strategic positioning as a "global trading engine" through technological innovation and ecological expansion. Since first breaking through a total locked value (TVL) of $1 billion last November, Aptos reached $1.03 billion by the end of March. Additionally, the market value of stablecoins also surpassed $1 billion for the first time on March 24, a year-on-year increase of over ten times, demonstrating strong ecological appeal and capital bearing capacity.
In this context, Aptos has not only achieved continuous iterations on the technical level but has also made several breakthroughs in ecological construction: Aave completed its first deployment of a non-EVM test network, significantly enhancing DeFi activity. To meet the rapidly growing transaction demands, the Aptos team continues to advance technologies such as Zaptos and Shardines to accelerate construction.
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Ripple's bid of $5 billion for the acquisition of Circle did not go as planned, unveiling an unexpected power play.

Source: Forbes
Compiled by: Moni, Odaily Planet Daily
Editor's note: A major news story has emerged in the stablecoin market — Ripple has made a $4-5 billion acquisition offer to its competitor Circle Internet Group, which is advancing towards an IPO! Yes, you heard it right, it's Ripple, which just got the U.S. Securities and Exchange Commission to drop its appeal and acknowledge that XRP is not a security. However, this offer was considered too low and was rejected. It is reported that Ripple remains very interested in Circle, but has not yet decided whether to make another offer.
Why would Ripple, a well-known company in the crypto industry, attempt to acquire Circle at this point in time? Will Circle ultimately say "Yes" or "No"? In response to these questions, Forbes published an in-depth analysis.
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The Gate.io twelfth anniversary celebration has successfully concluded, and founder Dr. Han delivered the strategic vision of the "next-generation super unicorn trading platform."

On April 30, 2025, the world's leading encryption asset trading platform Gate.io successfully held its twelfth anniversary global celebration series in Dubai. The two-day agenda not only brought together investors, blockchain entrepreneurs, and industry leaders from around the world, but also injected new communication momentum and sparks of thought into the entire Web3 industry. This celebration received strong support from partner Huawei, witnessing the important moment of Gate.io's brand renewal and anniversary celebration.
Open the path of evolution for the "Next Generation Super Unicorn Trading Platform"
At the home event, Gate.io founder and CEO
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Virtuals returned to $1 billion,深入了解Genesis Launch“打新带老”新模式

Ancestral: Deep Tide TechFlow
Last year, we noticed the VIRTUALS Protocol early on, at a time when the AI Agent craze had not yet begun, and the VIRTUAL token had a market value of only around 800 k.
The story that followed is well known to everyone. Virtuals initiated a wave of AI Agent craze on Base. Besides the impressive performance of the Virtuals token itself, it also gave rise to a phenomenal token like AIXBT.
However, after a cycle, the hype around AI Agents gradually faded, and the market seems to have fallen into silence; with the emergence and iteration of large models like DeepSeek, people increasingly feel that the narrative of AI Agents in Web3 is being gradually debunked and has little utility.
When you let your guard down and feel disheartened by the market
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