Bernstein predicts that companies will buy another $330 billion in Bitcoin by 2029
According to CoinDesk, Wall Street brokerage Bernstein predicts that by the end of 2029, global corporate finances will add $330 billion in Bitcoin purchases. Among them, MicroStrategy is expected to contribute about $124 billion, and the remaining $205 billion will come from slower-growing small and medium-sized enterprises. The report pointed out that the crypto-friendly regulatory environment in the United States has promoted the trend of corporate currency holdings. Currently, listed companies hold about 720,000 BTC, accounting for 2.4% of the total supply. But Bernstein also warned that MicroStrategy's model is difficult to be fully replicated.
Berachain ends Boyco pre-deposit activity, BERA rewards are now available for inquiry and collection
According to the Berachain Foundation announcement, its Boyco liquidity deposit activity has officially ended. Users can now redeem their deposited assets and query and claim $BERA airdrop rewards through the reward checker on the official website. Non-BERA rewards (such as application tokens) must be claimed separately from each participating protocol. Rewards from some early deposit vaults (such as StakeStone, EtherFi, etc.) are not displayed in the checker and must be operated separately in each protocol. The official said that in the future, it will support one-click investment of Boyco rewards in high-yield strategies within the Berachain ecosystem.
According to Ember, a total of 3,422 unused bitcoins since 2012 were transferred to new addresses in the past three hours. Tracing back to the source shows that these BTC were first extracted from the closed early exchange BTC-e, when the price of Bitcoin was only $13.5, worth about $46,000. Today, the value has reached $324 million, a 7,018-fold increase.
Riot Platforms sold 475 Bitcoins last month in response to industry pressure
According to Decrypt, the listed mining company Riot Platforms sold 475 bitcoins in April, cashing in about $38.8 million to support operations and avoid equity dilution. 463 of them were newly mined that month, with an average selling price of $81,731. Affected by the halving of Bitcoin in April 2024, Riot's output that month fell 13% year-on-year. Although BTC has risen 47% this year, the current price is still lower than the historical high at the beginning of the year. In addition, the difficulty of mining across the entire network has increased by 35% year-on-year, further squeezing miners' profits. Riot's stock price fell 5.84% on Monday.
According to the official website of the U.S. House of Representatives Financial Services Committee, Representatives French Hill, GT Thompson, Bryan Steil and Dusty Johnson jointly released a discussion draft of the Digital Asset Market Structure Act of 2025. The bill intends to establish a unified regulatory framework, clarify the definitions of digital commodities, stablecoins, self-custody rights and decentralized finance, grant the CFTC and SEC a division of regulatory authority, and establish a registration mechanism for exchanges, brokers, custodians, etc. The bill emphasizes protecting consumers, promoting innovation, and filling regulatory gaps, aiming to consolidate the United States' leadership in the global digital asset market. The bill is currently in the stage of soliciting opinions.
Coinbase Adds PAX Gold to Listing Roadmap
According to Coinbase Assets, Coinbase has added PAX Gold (PAXG) to its asset listing roadmap, and its ERC-20 contract address has been announced. Coinbase said that the official launch of PAXG still needs to meet market-making support and technical infrastructure conditions, and the specific launch time will be announced separately.
Tether issues $1 billion USDT on Tron chain as inventory replenishment
According to Whale Alert, Tether Treasury issued an additional $1 billion USDT (worth approximately $1.001 billion) on the Tron network at 4:52 a.m. today. Tether CEO Paolo Ardoino later stated that the additional issuance was an "authorized but unissued" transaction, intended as a reserve for future coin issuance requests and on-chain exchanges, and did not mean that it would immediately enter the market for circulation.
US SEC Delays Decision on Canary Capital’s Litecoin Spot ETF Application
According to former Fox Business reporter Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Litecoin (LTC) spot ETF application submitted by Canary Capital and launched a public comment process to focus on evaluating whether the ETF meets regulatory requirements to prevent fraud and manipulation. The deadline for comments is May 26 (May 27, Beijing time), and the deadline for replies is June 9 (June 10, Beijing time). This postponement is consistent with Bloomberg analyst James Seyffart's prediction yesterday that "there is a high probability that the final decision will be postponed rather than directly approved or rejected."
The U.S. CFTC plans to participate in multiple industry tokenization pilot projects as an observer
According to Eleanor Terrett, Caroline D. Pham, acting chairwoman of the U.S. Commodity Futures Trading Commission (CFTC), said at the Medici Network conference that the CFTC plans to participate as an observer in multiple industry tokenization pilot projects in order to gain first-hand experience in how tokenized assets work in the real world and to gain relevant technical experience.
The probability of the Federal Reserve keeping interest rates unchanged in May is 97.3%.
According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in May is 97.3%, and the probability of a 25 basis point rate cut is 2.7%. The probability of the Fed keeping interest rates unchanged in June is 69.8%, the probability of a cumulative 25 basis point rate cut is 29.4%, and the probability of a cumulative 50 basis point rate cut is 0.8%.
Analysts: Fed's inaction unlikely to support dollar
According to Jinshi, Roberto Mialich, a foreign exchange analyst at UniCredit, said in a report that the Federal Reserve is expected to keep interest rates unchanged on Wednesday, a decision that is unlikely to provide much support for the dollar. Mialich said that Federal Reserve Chairman Powell made it clear in a speech last month that the central bank will wait for clearer information on how tariffs will affect the economy and inflation. The US dollar index remains weak, and the options market still shows that investors tend to bet on a fall in the dollar rather than a rise. UniCredit expects Europe and the United States to continue trading around 1.13.
A whale spent 390,000 USDC to buy 4.47 million AVA today
According to Lookonchain monitoring, a whale spent 390,000 USDC to buy 4.47 million AVA today. The whale had previously invested in Fartcoin and made a profit of US$7.5 million. He currently holds 29.58 million AVA, worth US$2.44 million, and has unrealized profits of US$1.12 million.
Binance Alpha Launches Jager Hunter (Jager)
According to the Binance APP information, Binance Alpha has launched Jager Hunter (Jager) and donkey (DONKEY).
Binance Launchpool launches Space and Time (SXT), use BNB, FDUSD and USDC to obtain SXT
According to the official announcement, Binance Launchpool has launched the 69th project - Space and Time (SXT), a blockchain based on data verified by ZK technology and supported by Microsoft. The website is expected to be updated within about twelve hours of this announcement before the event opens. Users can put BNB, FDUSD and USDC into the SXT reward pool on the Launchpool website after 08:00 (Eastern Time) on May 6, 2025 to receive SXT. The event will last for a total of 2 days. Binance will list Space and Time (SXT) at 21:00 (Eastern Time) on May 8, 2025, and open SXT/USDT, SXT/USDC, SXT/BNB, SXT/FDUSD and SXT/TRY trading markets, and the seed tag trading rules will apply. Project Details: Token Name: Space and Time (SXT) Total Token Supply: 5,000,000,000 SXT Maximum Token Supply: 5,000,000,000 SXT Initial Circulation: 1,400,000,000 SXT (28.00% of Total Token Supply) Launchpool Total: 125,000,000 SXT (2.50% of Maximum Token Supply)
Binance Alpha to List Space and Time (SXT) with Trading Opening on May 8
Binance Alpha announced that it will list Space and Time (SXT), and the trading opening date is May 8, and the specific time will be announced later. Users who meet the Alpha points threshold conditions will receive an airdrop within 10 minutes after the token is launched. The points threshold will be announced on May 8.
The U.S. Securities and Exchange Commission (SEC) Crypto Asset Task Force announced the detailed agenda and guest list for the roundtable meeting scheduled for May 12 - "Tokenization: Assets on the Chain - The Intersection of Traditional Finance and Decentralized Finance". The roundtable is part of the SEC's series of crypto asset regulatory activities launched in March. It will be held at the SEC headquarters from 1:00 p.m. to 5:30 p.m. local time on May 12. Participants from the U.S. Securities and Exchange Commission include: Chairman Paul S. Atkins, Director of the Crypto Working Group Office Richard B. Gabbert, Commissioner Hester Peirce, etc.; the agenda includes: Financial Evolution: Capital Markets 2.0, the Future of Tokenization; other participants include: Cynthia Lo Bessette (Fidelity), Eun Ah Choi (Nasdaq), Will Geyer (Invesco), Robert Mitchnick (BlackRock), etc.
CZ posted on the X platform: “There are former employees who were fired by Binance due to insider trading, and a few years later they said they were the founder or CXO of something. Binance has never had any other C or O except the CEO, CTO, CMO, CCO, CFO, and COO. The above story is purely fictional, please do not take it personally.”
Goldman Sachs: The Fed is unlikely to cut interest rates because of weak "soft data"
According to Jinshi, US consumer and business surveys show an anxious economic mood, but the underlying data has not yet shown a serious economic slowdown. Goldman Sachs economists wrote that the Fed is unlikely to ease policy based on "soft data" alone, especially because soft data has wrongly predicted an impending recession in the recent past, such as during the Fed's fight against inflation in 2022. The Fed "also wants to see evidence from the labor market and other hard data before cutting rates," the Goldman Sachs team wrote. The investment bank, like other Wall Street institutions, believes that the Fed will keep interest rates unchanged in its interest rate decision on Wednesday.
According to CoinDesk, Bitcoin fell below $95,000 amid macroeconomic uncertainty and expectations of the Federal Reserve meeting. Analysts warned that prices could fall further, with key support levels at $92,500 and $89,000. Despite the decline, Bitcoin ETFs still saw net inflows of $1.81 billion last week, indicating continued investor interest. Alex Kuptsikevich of FxPro noted that the market has returned to the key resistance zone that served as support from December to February, with the next downside targets being $92,500 and $89,000. A drop below $90,000 would cause damage on both the technical and psychological levels and fall below the 200-day moving average.
Trump releases TRUMP dinner poster, plans to attend on May 22
Trump released a meme coin TRUMP dinner poster on his social platform Truth Social. Previously, TRUMP officials said that Trump himself will attend the dinner on May 22.
Bitfinex Report: Bitcoin Closes Strong in April, Miner Reserves Remain Steady
Bitfinex released the Bitfinex Alpha report, which pointed out that Bitcoin closed April with a strong monthly increase of 14.08%, surpassing its historical average for April and reversing its trend after a sharp pullback at the beginning of the month. In this round of rebound, Bitcoin rose more than 32% from a low of $74,501 in April to nearly $98,000, highlighting the resilience of the asset in the face of macroeconomic turmoil and shifting risk sentiment. On-chain data supports this view: miner reserves remain stable, and the Puel multiple indicator shows that miners have little motivation to sell on a large scale, indicating that the market is confident that Bitcoin will rise further. Although the short-term price trend of Bitcoin depends on whether this recovery can be transformed into sustainable support, structural signals still tend to be bullish-this lays the foundation for the possible continuation of the current cycle after the macro environment stabilizes.
Semler Scientific, a listed company, officially announced that it has increased its holdings of 167 bitcoins for $16.2 million. The company's bitcoin yield has reached 22.2% since the beginning of the year. Its total bitcoin holdings currently reach 3,634, making it the fourth largest bitcoin asset management company in the United States.
Michael Saylor: Strategy's Bitcoin return has reached 14% so far in 2025
Michael Saylor, chairman of the board of directors of Strategy (formerly MicroStrategy), posted on the X platform that after purchasing 1,895 bitcoins at a price of approximately US$180.3 million, the total amount of bitcoins held by Strategy has reached 555,450, with an average purchase price of US$68,550. So far in 2025, Strategy's bitcoin yield has reached 14%.
Strategy disclosed an increase of 1,895 Bitcoins
Strategy (formerly MicroStrategy) has bought an additional 1,895 bitcoins between April 28 and May 4, at an average purchase price of $95,167 (total: $180.3 million).
According to the latest weekly data from CoinShares, digital asset investment products recorded inflows for the third consecutive week, totaling $2 billion last week. Bitcoin was the biggest beneficiary of capital inflows, with $1.8 billion in inflows last week, followed by Ethereum, with a total inflow of $149 million.
CZ: Kyrgyzstan has been advised to include BTC and BNB in the national cryptocurrency reserves
CZ posted on the X platform that he had provided advice on using BNB and BTC as the first digital currencies in Kyrgyzstan’s national cryptocurrency reserve. Earlier, CZ announced that he had accepted the invitation of Kyrgyz President Sadyr Japarov to join the Kyrgyz National Cryptocurrency Committee.
Market News: VanEck Submits S-1 Form for BNB ETF
According to market news: VanEck submitted the S-1 form for BNB ETF to the U.S. Securities and Exchange Commission.
According to CoinDesk, the Bollinger Band indicator of the ETH/BTC exchange rate narrowed to the tightest level since June 2020, indicating that market volatility may be about to rise. Usually, the contraction of the Bollinger Band usually indicates that the price is about to break through, which may cause violent fluctuations. This technical signal appeared on the eve of Ethereum's upcoming Pectra upgrade on May 7. The upgrade aims to improve network scalability and validator operation efficiency, including increasing the maximum staking limit of a single validator from 32 ETH to 2048 ETH, and increasing the number of "blob" data units per block from 3 to a maximum of 9. In addition, Pectra will introduce the EVM object format (EOF) to optimize the structure of smart contracts. Analysis company Nansen pointed out that the Pectra upgrade will benefit the Layer 2 network the most, further consolidate Ethereum's position as a data availability layer by expanding blob capacity, and strengthen its Rollup-centric expansion strategy. DeFi, NFT and blockchain games may also benefit from it.
QCP Capital released a market analysis pointing out that the macro data released last Friday provided a nuanced snapshot of the US economy, with non-farm payrolls increasing by 177,000, exceeding expectations of 133,000, and the unemployment rate stabilizing at 4.2%. However, behind the strong data, economists continue to warn that the full economic impact of the recent tariffs has not yet emerged, and the market is cautiously optimistic about this. At the same time, the market generally expects the Federal Reserve to keep interest rates unchanged at this week's policy meeting. Despite a record loss in the first quarter, Strategy has doubled its financing target to $84 billion. The loss was caused by the adoption of new digital asset market price accounting standards. This latest move highlights the company's firm belief in its long-term Bitcoin strategy. At the same time, the steady inflow of spot Bitcoin ETFs indicates that institutional demand continues to exist and reinforces the growing role of the asset in a diversified portfolio.
