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Adjusted U.S. April CPI Falls to 0.6%, Meeting Market ExpectationsThe U.S. Consumer Price Index (CPI) for April, adjusted for seasonal variations, decreased to 0.6%, marking the lowest level since February this year. According to Jin10, this figure aligns with market expectations.

Adjusted U.S. April CPI Falls to 0.6%, Meeting Market Expectations

The U.S. Consumer Price Index (CPI) for April, adjusted for seasonal variations, decreased to 0.6%, marking the lowest level since February this year. According to Jin10, this figure aligns with market expectations.
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U.S. Defense Secretary Affirms Iran Ceasefire Agreement Amid TensionsU.S. Defense Secretary Hegseth has confirmed that the ceasefire agreement with Iran remains effective despite recent tensions and exchanges of fire. According to Odaily, Hegseth emphasized that any negotiations with Iran will proceed under U.S. terms, indicating Washington's firm stance in diplomatic and security matters.

U.S. Defense Secretary Affirms Iran Ceasefire Agreement Amid Tensions

U.S. Defense Secretary Hegseth has confirmed that the ceasefire agreement with Iran remains effective despite recent tensions and exchanges of fire. According to Odaily, Hegseth emphasized that any negotiations with Iran will proceed under U.S. terms, indicating Washington's firm stance in diplomatic and security matters.
CME: Fed Likely to Maintain Rates Through JulyThe CME's 'FedWatch' tool indicates a 97.1% probability that the Federal Reserve will keep interest rates unchanged through June, with a 2.9% chance of a cumulative 25 basis point rate cut. According to Jin10, the probability of maintaining rates through July stands at 96%, while the likelihood of a 25 basis point cut is 3.9%.

CME: Fed Likely to Maintain Rates Through July

The CME's 'FedWatch' tool indicates a 97.1% probability that the Federal Reserve will keep interest rates unchanged through June, with a 2.9% chance of a cumulative 25 basis point rate cut. According to Jin10, the probability of maintaining rates through July stands at 96%, while the likelihood of a 25 basis point cut is 3.9%.
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Market News: Hot April CPI Kills Fed Rate Cut Hopes — Bitcoin Slips as Markets Reprice Higher for LongerUS inflation came in hotter than expected across every major measure in April, reinforcing the case for the Federal Reserve to keep interest rates on hold not just at its June 17 meeting but likely through the remainder of 2026. Bitcoin slipped 1.2% to around $80,600 following the release as Treasury yields climbed, stock futures fell, and markets digested the implications of an inflation print that surprised to the upside on both a monthly and annual basis. The numbers: every measure beat forecasts The Consumer Price Index rose 3.8% year-over-year in April, according to the Bureau of Labor Statistics — above economist forecasts of 3.7% and a meaningful acceleration from March's 3.3% reading. On a monthly basis, CPI rose 0.6%, double the expected 0.3% and well above March's 0.2% increase. Core CPI, which strips out food and energy and is the measure the Federal Reserve watches most closely, also came in above expectations. Monthly core CPI rose 0.4% against forecasts of 0.2% and March's 0.3%. Year-over-year core CPI climbed to 2.8%, above the 2.7% forecast and March's 2.6% reading. There were no soft spots to find in the report. Headline and core inflation both accelerated month-over-month and beat estimates at every level — a clean upside surprise that leaves the Fed with no data-driven justification to begin cutting rates. Market reaction: yields up, stocks down, Bitcoin lower The reaction across asset classes was swift and consistent. The 10-year Treasury yield rose to 4.44% as bond markets priced in a longer period of elevated rates. US stock index futures fell across the board. WTI crude oil added further macro pressure, rising 3% on the day to $101 per barrel — a level that itself feeds back into inflation and complicates the Fed's path forward. Bitcoin traded at approximately $80,600 to $80,800 in the minutes following the release, down 1.2% over the prior 24 hours. The move was contained relative to the equity market reaction, consistent with Bitcoin's recent pattern of holding above $80,000 even as macro headwinds emerge. Whether that support level holds through the week will depend on how markets continue to digest not just the CPI print but the PPI and retail sales data still to come. Fed rate cuts: effectively off the table for 2026 Ahead of the CPI release, markets were already pricing a 98% probability that the Fed would leave rates unchanged at its June 17 meeting, according to the CME FedWatch tool. Wednesday's data does nothing to change that — and likely pushes any meaningful rate cut discussion further out into 2027. The Fed currently holds its benchmark fed funds rate at 3.50% to 3.75%. Bank of America had already revised its forecast this week to project no cuts until the second half of 2027. With April CPI accelerating on both a monthly and annual basis — and core inflation moving in the wrong direction — the argument for earlier cuts has become harder to make. The timing is particularly notable given that Kevin Warsh is set to be confirmed as the next Federal Reserve chair this week, expected to take over from Jerome Powell on May 15. Warsh is widely regarded as more hawkish on inflation than Powell. Inheriting a CPI print that shows inflation re-accelerating on his first week in the role sets a clear tone for how his tenure is likely to begin — prioritizing price stability over any pivot toward easier policy. What it means for crypto For Bitcoin and the broader crypto market, the hot CPI print removes one of the near-term bullish catalysts that had been building over the past several weeks. Rate cut expectations had been a supporting narrative for risk assets — the idea that an eventual Fed pivot would push capital into higher-risk, higher-return assets including crypto. That narrative now has to be pushed further into the future. The more immediate risk is whether persistently elevated inflation, combined with oil at $101 and a newly confirmed hawkish Fed chair, begins to weigh on the institutional risk appetite that has been the primary driver of Bitcoin ETF inflows and the broader crypto rally since April. If professional investors begin treating higher-for-longer rates as a reason to reduce risk exposure rather than maintain it, the $80,000 support level that has held through recent turbulence will face a more sustained test. The CLARITY Act deliberations in the Senate Banking Committee this week remain a potential positive offset — regulatory clarity would reduce institutional friction around crypto allocation regardless of the macro backdrop. But Wednesday's CPI data made clear that the path to Bitcoin's next leg higher runs through an inflation problem that is not yet resolved.

Market News: Hot April CPI Kills Fed Rate Cut Hopes — Bitcoin Slips as Markets Reprice Higher for Longer

US inflation came in hotter than expected across every major measure in April, reinforcing the case for the Federal Reserve to keep interest rates on hold not just at its June 17 meeting but likely through the remainder of 2026. Bitcoin slipped 1.2% to around $80,600 following the release as Treasury yields climbed, stock futures fell, and markets digested the implications of an inflation print that surprised to the upside on both a monthly and annual basis.
The numbers: every measure beat forecasts
The Consumer Price Index rose 3.8% year-over-year in April, according to the Bureau of Labor Statistics — above economist forecasts of 3.7% and a meaningful acceleration from March's 3.3% reading. On a monthly basis, CPI rose 0.6%, double the expected 0.3% and well above March's 0.2% increase.
Core CPI, which strips out food and energy and is the measure the Federal Reserve watches most closely, also came in above expectations. Monthly core CPI rose 0.4% against forecasts of 0.2% and March's 0.3%. Year-over-year core CPI climbed to 2.8%, above the 2.7% forecast and March's 2.6% reading.
There were no soft spots to find in the report. Headline and core inflation both accelerated month-over-month and beat estimates at every level — a clean upside surprise that leaves the Fed with no data-driven justification to begin cutting rates.
Market reaction: yields up, stocks down, Bitcoin lower
The reaction across asset classes was swift and consistent. The 10-year Treasury yield rose to 4.44% as bond markets priced in a longer period of elevated rates. US stock index futures fell across the board. WTI crude oil added further macro pressure, rising 3% on the day to $101 per barrel — a level that itself feeds back into inflation and complicates the Fed's path forward.
Bitcoin traded at approximately $80,600 to $80,800 in the minutes following the release, down 1.2% over the prior 24 hours. The move was contained relative to the equity market reaction, consistent with Bitcoin's recent pattern of holding above $80,000 even as macro headwinds emerge. Whether that support level holds through the week will depend on how markets continue to digest not just the CPI print but the PPI and retail sales data still to come.
Fed rate cuts: effectively off the table for 2026
Ahead of the CPI release, markets were already pricing a 98% probability that the Fed would leave rates unchanged at its June 17 meeting, according to the CME FedWatch tool. Wednesday's data does nothing to change that — and likely pushes any meaningful rate cut discussion further out into 2027.
The Fed currently holds its benchmark fed funds rate at 3.50% to 3.75%. Bank of America had already revised its forecast this week to project no cuts until the second half of 2027. With April CPI accelerating on both a monthly and annual basis — and core inflation moving in the wrong direction — the argument for earlier cuts has become harder to make.
The timing is particularly notable given that Kevin Warsh is set to be confirmed as the next Federal Reserve chair this week, expected to take over from Jerome Powell on May 15. Warsh is widely regarded as more hawkish on inflation than Powell. Inheriting a CPI print that shows inflation re-accelerating on his first week in the role sets a clear tone for how his tenure is likely to begin — prioritizing price stability over any pivot toward easier policy.
What it means for crypto
For Bitcoin and the broader crypto market, the hot CPI print removes one of the near-term bullish catalysts that had been building over the past several weeks. Rate cut expectations had been a supporting narrative for risk assets — the idea that an eventual Fed pivot would push capital into higher-risk, higher-return assets including crypto. That narrative now has to be pushed further into the future.
The more immediate risk is whether persistently elevated inflation, combined with oil at $101 and a newly confirmed hawkish Fed chair, begins to weigh on the institutional risk appetite that has been the primary driver of Bitcoin ETF inflows and the broader crypto rally since April. If professional investors begin treating higher-for-longer rates as a reason to reduce risk exposure rather than maintain it, the $80,000 support level that has held through recent turbulence will face a more sustained test.
The CLARITY Act deliberations in the Senate Banking Committee this week remain a potential positive offset — regulatory clarity would reduce institutional friction around crypto allocation regardless of the macro backdrop. But Wednesday's CPI data made clear that the path to Bitcoin's next leg higher runs through an inflation problem that is not yet resolved.
Статья
eBay Rejects GameStop's $56 Billion Takeover Bid, Calling It "Neither Credible Nor Attractive"eBay has rejected a roughly $56 billion acquisition offer from GameStop, dismissing the bid as "neither credible nor attractive," according to market sources reported on May 12. The rejection sets the stage for a potential proxy battle after GameStop CEO Ryan Cohen signaled he is prepared to take the proposal directly to eBay shareholders if the board refuses to engage. How the bid came together GameStop made its offer on May 4, proposing to acquire eBay at $125 per share in a combination of cash and stock — a price that valued the e-commerce giant at approximately $56 billion. Cohen disclosed that GameStop already held around 5% of eBay's outstanding shares at the time of the offer, giving the company an existing stake in the target it was bidding for. The $125 per share offer represented a meaningful premium to eBay's trading price, and Cohen's public disclosure of GameStop's existing stake was a clear signal that the approach was not a casual inquiry — it was a calculated opening move in what he was prepared to make a prolonged campaign if necessary. eBay's rejection and what comes next eBay's board moved quickly to reject the offer, characterizing it in blunt terms as lacking both credibility and attractiveness. The dismissal leaves Cohen with a decision to make: walk away or escalate. Based on his stated position ahead of the rejection, escalation appears to be the more likely path. Cohen had already made clear that if eBay's board declined the offer, he was prepared to launch a proxy fight — a process through which GameStop would campaign directly to eBay's shareholders to either force a vote on the acquisition or push for board-level changes that would make a transaction more likely. With GameStop holding approximately 5% of eBay shares, Cohen has a meaningful platform from which to build that case to other investors. Proxy fights at this scale are expensive, time-consuming, and uncertain in outcome. But Cohen has a track record of using aggressive shareholder activism to force corporate change — most notably at GameStop itself — which makes the threat more credible than it might be coming from another acquirer. The broader context The bid represents an unusual move for GameStop, a company that has spent the past several years rebuilding its balance sheet and pivoting away from its brick-and-mortar retail roots. An acquisition of eBay at $56 billion would be transformational in scale — eBay's marketplace business would dwarf GameStop's current operations — and the financing structure of a cash-and-stock deal raises questions about how GameStop would fund and integrate an acquisition of that magnitude. Those are likely among the reasons eBay's board felt comfortable rejecting the offer as not credible. Whether shareholders agree with that assessment — or whether Cohen can assemble enough support to force a different outcome — is the question that will drive this story forward.

eBay Rejects GameStop's $56 Billion Takeover Bid, Calling It "Neither Credible Nor Attractive"

eBay has rejected a roughly $56 billion acquisition offer from GameStop, dismissing the bid as "neither credible nor attractive," according to market sources reported on May 12. The rejection sets the stage for a potential proxy battle after GameStop CEO Ryan Cohen signaled he is prepared to take the proposal directly to eBay shareholders if the board refuses to engage.
How the bid came together
GameStop made its offer on May 4, proposing to acquire eBay at $125 per share in a combination of cash and stock — a price that valued the e-commerce giant at approximately $56 billion. Cohen disclosed that GameStop already held around 5% of eBay's outstanding shares at the time of the offer, giving the company an existing stake in the target it was bidding for.
The $125 per share offer represented a meaningful premium to eBay's trading price, and Cohen's public disclosure of GameStop's existing stake was a clear signal that the approach was not a casual inquiry — it was a calculated opening move in what he was prepared to make a prolonged campaign if necessary.
eBay's rejection and what comes next
eBay's board moved quickly to reject the offer, characterizing it in blunt terms as lacking both credibility and attractiveness. The dismissal leaves Cohen with a decision to make: walk away or escalate. Based on his stated position ahead of the rejection, escalation appears to be the more likely path.
Cohen had already made clear that if eBay's board declined the offer, he was prepared to launch a proxy fight — a process through which GameStop would campaign directly to eBay's shareholders to either force a vote on the acquisition or push for board-level changes that would make a transaction more likely. With GameStop holding approximately 5% of eBay shares, Cohen has a meaningful platform from which to build that case to other investors.
Proxy fights at this scale are expensive, time-consuming, and uncertain in outcome. But Cohen has a track record of using aggressive shareholder activism to force corporate change — most notably at GameStop itself — which makes the threat more credible than it might be coming from another acquirer.
The broader context
The bid represents an unusual move for GameStop, a company that has spent the past several years rebuilding its balance sheet and pivoting away from its brick-and-mortar retail roots. An acquisition of eBay at $56 billion would be transformational in scale — eBay's marketplace business would dwarf GameStop's current operations — and the financing structure of a cash-and-stock deal raises questions about how GameStop would fund and integrate an acquisition of that magnitude.
Those are likely among the reasons eBay's board felt comfortable rejecting the offer as not credible. Whether shareholders agree with that assessment — or whether Cohen can assemble enough support to force a different outcome — is the question that will drive this story forward.
Статья
Buffett Indicator Hits Record 230% — What the US Stock Market's Extreme Valuation Means for CryptoThe most widely cited long-term valuation gauge for US equities just broke into uncharted territory. The Buffett Indicator — which measures total US stock market capitalization as a percentage of GDP — surpassed 230% for the first time in May 2026, setting a new all-time record and reigniting debate about whether Wall Street's rally has pushed valuations beyond any reasonable historical precedent. What the Buffett Indicator measures The ratio was popularized by Warren Buffett, who described it in a 2001 Fortune magazine interview as "probably the best single measure of where valuations stand at any given moment." The calculation is straightforward: divide the total market capitalization of all US-listed stocks by the country's gross domestic product. The result expresses how large the stock market is relative to the actual size of the underlying economy producing the wealth that stocks are supposed to represent. A reading above 100% has historically been considered overvalued. The ratio peaked at around 140% during the dot-com bubble before the Nasdaq collapsed. It reached approximately 200% in late 2021 before the 2022 bear market. Breaking above 230% in May 2026 puts current valuations in a category with no direct historical comparison. What is driving the record Analysts point primarily to the concentration of market capitalization in a small number of mega-cap technology companies. The AI capital expenditure boom has driven extraordinary earnings growth and valuation expansion at the handful of companies sitting at the top of the index — and because those companies now represent an unusually large share of total market cap, their valuations pull the aggregate ratio higher in ways that do not necessarily reflect conditions across the broader market. This concentration dynamic is important context for interpreting the indicator. A 230% reading driven by five or ten companies trading at extreme multiples tells a different story than a 230% reading spread evenly across thousands of companies. The former reflects a specific bet on a specific technology cycle. The latter would indicate broad-based speculative excess. Both can end badly. But they tend to end differently and on different timelines. What it doesn't mean: this is not a timing signal Analysts are consistent on one point: a record Buffett Indicator reading is not a signal that a crash is imminent or even likely in the near term. The ratio has been elevated relative to historical norms for most of the past decade, and markets have continued higher for extended periods despite persistent overvaluation warnings. The indicator is better understood as a long-term risk assessment tool than a precise market timing mechanism. It tells investors that the margin of safety in US equities is historically thin — that future returns over a ten or twenty year horizon are likely to be lower than they would be if stocks were purchased at more reasonable valuations. It does not tell investors that next month, or next quarter, will be the moment of reckoning. Markets can remain extended for longer than any valuation model predicts, particularly when driven by structural forces — technological transformation, institutional capital flows, or regulatory tailwinds — that are difficult to price conventionally. What it means for Bitcoin and crypto The record Buffett Indicator reading sits uncomfortably alongside the broader market narrative that has supported Bitcoin's rally since April. The same institutional risk appetite and AI-driven optimism that pushed the Nasdaq to record highs and Bitcoin above $80,000 is also the force pushing the Buffett Indicator to levels never seen before. If that risk appetite reverses — whether triggered by a policy shock, a geopolitical escalation, an earnings disappointment from a key tech giant, or simply the weight of extreme valuations becoming too heavy to ignore — the correlation between US equities and Bitcoin that has strengthened significantly since the launch of spot ETFs means crypto would not be insulated from the fallout. The more constructive reading is that the same structural forces driving equity valuations — AI adoption, institutional digitization, tokenization of financial infrastructure — are also long-term tailwinds for crypto specifically. In that framing, Bitcoin and digital assets are not just along for the ride on the equity bubble; they are part of the same technological transformation that is reshaping how capital is allocated and valued. Either way, a Buffett Indicator above 230% is a data point that belongs in every serious investor's risk framework — not as a reason to sell everything today, but as a reminder that the current environment offers less margin for error than almost any point in market history.

Buffett Indicator Hits Record 230% — What the US Stock Market's Extreme Valuation Means for Crypto

The most widely cited long-term valuation gauge for US equities just broke into uncharted territory. The Buffett Indicator — which measures total US stock market capitalization as a percentage of GDP — surpassed 230% for the first time in May 2026, setting a new all-time record and reigniting debate about whether Wall Street's rally has pushed valuations beyond any reasonable historical precedent.
What the Buffett Indicator measures
The ratio was popularized by Warren Buffett, who described it in a 2001 Fortune magazine interview as "probably the best single measure of where valuations stand at any given moment." The calculation is straightforward: divide the total market capitalization of all US-listed stocks by the country's gross domestic product. The result expresses how large the stock market is relative to the actual size of the underlying economy producing the wealth that stocks are supposed to represent.
A reading above 100% has historically been considered overvalued. The ratio peaked at around 140% during the dot-com bubble before the Nasdaq collapsed. It reached approximately 200% in late 2021 before the 2022 bear market. Breaking above 230% in May 2026 puts current valuations in a category with no direct historical comparison.
What is driving the record
Analysts point primarily to the concentration of market capitalization in a small number of mega-cap technology companies. The AI capital expenditure boom has driven extraordinary earnings growth and valuation expansion at the handful of companies sitting at the top of the index — and because those companies now represent an unusually large share of total market cap, their valuations pull the aggregate ratio higher in ways that do not necessarily reflect conditions across the broader market.
This concentration dynamic is important context for interpreting the indicator. A 230% reading driven by five or ten companies trading at extreme multiples tells a different story than a 230% reading spread evenly across thousands of companies. The former reflects a specific bet on a specific technology cycle. The latter would indicate broad-based speculative excess.
Both can end badly. But they tend to end differently and on different timelines.
What it doesn't mean: this is not a timing signal
Analysts are consistent on one point: a record Buffett Indicator reading is not a signal that a crash is imminent or even likely in the near term. The ratio has been elevated relative to historical norms for most of the past decade, and markets have continued higher for extended periods despite persistent overvaluation warnings.
The indicator is better understood as a long-term risk assessment tool than a precise market timing mechanism. It tells investors that the margin of safety in US equities is historically thin — that future returns over a ten or twenty year horizon are likely to be lower than they would be if stocks were purchased at more reasonable valuations. It does not tell investors that next month, or next quarter, will be the moment of reckoning.
Markets can remain extended for longer than any valuation model predicts, particularly when driven by structural forces — technological transformation, institutional capital flows, or regulatory tailwinds — that are difficult to price conventionally.
What it means for Bitcoin and crypto
The record Buffett Indicator reading sits uncomfortably alongside the broader market narrative that has supported Bitcoin's rally since April. The same institutional risk appetite and AI-driven optimism that pushed the Nasdaq to record highs and Bitcoin above $80,000 is also the force pushing the Buffett Indicator to levels never seen before.
If that risk appetite reverses — whether triggered by a policy shock, a geopolitical escalation, an earnings disappointment from a key tech giant, or simply the weight of extreme valuations becoming too heavy to ignore — the correlation between US equities and Bitcoin that has strengthened significantly since the launch of spot ETFs means crypto would not be insulated from the fallout.
The more constructive reading is that the same structural forces driving equity valuations — AI adoption, institutional digitization, tokenization of financial infrastructure — are also long-term tailwinds for crypto specifically. In that framing, Bitcoin and digital assets are not just along for the ride on the equity bubble; they are part of the same technological transformation that is reshaping how capital is allocated and valued.
Either way, a Buffett Indicator above 230% is a data point that belongs in every serious investor's risk framework — not as a reason to sell everything today, but as a reminder that the current environment offers less margin for error than almost any point in market history.
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Crypto News: ETH/BTC Ratio Falls to 10-Month Low — Ether's Underperformance Against Bitcoin Signals Weakening Risk AppetiteThe ETH/BTC ratio fell to its lowest level in ten months on Tuesday, dropping to 0.02835 — the weakest reading since July 2025 and a decline of more than 35% from its August peak of 0.04324. The move came as Ether dropped more than 2% on the day against Bitcoin's more modest 1% decline, extending a pattern of persistent underperformance that has become one of the clearest signals of where institutional capital is — and isn't — flowing in the current cycle. What the ETH/BTC ratio measures and why it matters The ETH/BTC ratio tracks Ether's performance relative to Bitcoin across crypto exchanges and is one of the most widely followed gauges of broader market risk appetite. When the ratio rises, it typically signals that investors are rotating capital out of Bitcoin and into Ether and other higher-risk assets — a sign of strengthening risk sentiment and a broader crypto bull market gaining momentum. When the ratio falls, as it has been doing, it signals the opposite: investors favoring Bitcoin's relative stability and defensive characteristics over the more speculative exposure that Ether represents. In that sense, Tuesday's ten-month low is not just an Ether story. It is a statement about where the current market cycle stands — and the picture it paints is one of selective, Bitcoin-centric institutional demand rather than the broad-based risk appetite that historically drives altcoin outperformance. The long-term trend: a multi-year decline Tuesday's reading fits into a deteriorating longer-term picture for Ether relative to Bitcoin. The ETH/BTC ratio peaked above 0.08 in December 2021 — more than double its current level — before entering a prolonged multi-year downtrend. Much of the weakness through 2024 and into 2025 was driven by Bitcoin's outperformance following the January 2024 launch of US spot Bitcoin ETFs, which attracted significant institutional inflows that disproportionately benefited Bitcoin rather than the broader crypto market. The ratio eventually bottomed at 0.01770 in April 2025 during the market turmoil surrounding President Trump's Liberation Day tariff announcements. It then staged a sharp recovery, gaining roughly 135% through the remainder of 2025 as sentiment improved. But that recovery has since unwound by 35% from its highs, and the ratio is now trading substantially below its 200-week moving average of 0.04828 — a long-term technical benchmark that reinforces the view that Ether remains in a structural bear market relative to Bitcoin, not just a short-term dip. Why Bitcoin keeps winning the institutional capital battle The ETF dynamic is central to understanding the divergence. US spot Bitcoin ETFs have pulled in billions in institutional inflows since their January 2024 launch, creating a sustained and structurally new source of demand for Bitcoin that has no equivalent on the Ether side — at least not yet at the same scale. When professional capital allocators add crypto exposure through regulated vehicles, they are predominantly adding Bitcoin exposure. Ether ETFs exist but have attracted a fraction of the flows. The result is a two-speed crypto market. Bitcoin benefits from institutional demand that is increasingly disconnected from retail sentiment cycles. Ether and the broader altcoin market remain more dependent on the kind of speculative retail rotation that tends to emerge later in bull cycles — if and when it emerges at all. What a recovery would require For the ETH/BTC ratio to reverse its downtrend meaningfully, one of two things would likely need to happen. Either Ether-specific catalysts — accelerating ETF inflows, a major network upgrade driving fee revenue and burn, or a breakout in DeFi and stablecoin activity — would need to attract fresh institutional demand specifically for ETH. Or Bitcoin would need to stall at a key resistance level long enough for capital to rotate into higher-beta assets, as has happened in previous cycle phases. Neither condition is clearly in place right now. Bitcoin is holding above $80,000 with continued ETF support, the CLARITY Act's progress through the Senate Banking Committee this week is primarily a Bitcoin and broad digital asset story rather than an Ether-specific catalyst, and Ether's own ETF flows have been modest at best. Until the ratio can reclaim and hold above the 200-week moving average at 0.04828 — a level nearly 70% above current prices — the long-term bearish trend for Ether relative to Bitcoin remains firmly intact.

Crypto News: ETH/BTC Ratio Falls to 10-Month Low — Ether's Underperformance Against Bitcoin Signals Weakening Risk Appetite

The ETH/BTC ratio fell to its lowest level in ten months on Tuesday, dropping to 0.02835 — the weakest reading since July 2025 and a decline of more than 35% from its August peak of 0.04324. The move came as Ether dropped more than 2% on the day against Bitcoin's more modest 1% decline, extending a pattern of persistent underperformance that has become one of the clearest signals of where institutional capital is — and isn't — flowing in the current cycle.
What the ETH/BTC ratio measures and why it matters
The ETH/BTC ratio tracks Ether's performance relative to Bitcoin across crypto exchanges and is one of the most widely followed gauges of broader market risk appetite. When the ratio rises, it typically signals that investors are rotating capital out of Bitcoin and into Ether and other higher-risk assets — a sign of strengthening risk sentiment and a broader crypto bull market gaining momentum. When the ratio falls, as it has been doing, it signals the opposite: investors favoring Bitcoin's relative stability and defensive characteristics over the more speculative exposure that Ether represents.
In that sense, Tuesday's ten-month low is not just an Ether story. It is a statement about where the current market cycle stands — and the picture it paints is one of selective, Bitcoin-centric institutional demand rather than the broad-based risk appetite that historically drives altcoin outperformance.
The long-term trend: a multi-year decline
Tuesday's reading fits into a deteriorating longer-term picture for Ether relative to Bitcoin. The ETH/BTC ratio peaked above 0.08 in December 2021 — more than double its current level — before entering a prolonged multi-year downtrend. Much of the weakness through 2024 and into 2025 was driven by Bitcoin's outperformance following the January 2024 launch of US spot Bitcoin ETFs, which attracted significant institutional inflows that disproportionately benefited Bitcoin rather than the broader crypto market.
The ratio eventually bottomed at 0.01770 in April 2025 during the market turmoil surrounding President Trump's Liberation Day tariff announcements. It then staged a sharp recovery, gaining roughly 135% through the remainder of 2025 as sentiment improved. But that recovery has since unwound by 35% from its highs, and the ratio is now trading substantially below its 200-week moving average of 0.04828 — a long-term technical benchmark that reinforces the view that Ether remains in a structural bear market relative to Bitcoin, not just a short-term dip.
Why Bitcoin keeps winning the institutional capital battle
The ETF dynamic is central to understanding the divergence. US spot Bitcoin ETFs have pulled in billions in institutional inflows since their January 2024 launch, creating a sustained and structurally new source of demand for Bitcoin that has no equivalent on the Ether side — at least not yet at the same scale. When professional capital allocators add crypto exposure through regulated vehicles, they are predominantly adding Bitcoin exposure. Ether ETFs exist but have attracted a fraction of the flows.
The result is a two-speed crypto market. Bitcoin benefits from institutional demand that is increasingly disconnected from retail sentiment cycles. Ether and the broader altcoin market remain more dependent on the kind of speculative retail rotation that tends to emerge later in bull cycles — if and when it emerges at all.
What a recovery would require
For the ETH/BTC ratio to reverse its downtrend meaningfully, one of two things would likely need to happen. Either Ether-specific catalysts — accelerating ETF inflows, a major network upgrade driving fee revenue and burn, or a breakout in DeFi and stablecoin activity — would need to attract fresh institutional demand specifically for ETH. Or Bitcoin would need to stall at a key resistance level long enough for capital to rotate into higher-beta assets, as has happened in previous cycle phases.
Neither condition is clearly in place right now. Bitcoin is holding above $80,000 with continued ETF support, the CLARITY Act's progress through the Senate Banking Committee this week is primarily a Bitcoin and broad digital asset story rather than an Ether-specific catalyst, and Ether's own ETF flows have been modest at best.
Until the ratio can reclaim and hold above the 200-week moving average at 0.04828 — a level nearly 70% above current prices — the long-term bearish trend for Ether relative to Bitcoin remains firmly intact.
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Lawmakers Release Crypto Market Structure Bill TextLawmakers have publicly released the text of the crypto market structure bill ahead of their vote, according to CoinDesk. The bill, which had been circulating within the industry behind closed doors, aims to address regulatory frameworks for the cryptocurrency sector. This move is seen as a significant step towards formalizing the legal landscape for digital assets, potentially impacting market participants and regulatory compliance.

Lawmakers Release Crypto Market Structure Bill Text

Lawmakers have publicly released the text of the crypto market structure bill ahead of their vote, according to CoinDesk. The bill, which had been circulating within the industry behind closed doors, aims to address regulatory frameworks for the cryptocurrency sector. This move is seen as a significant step towards formalizing the legal landscape for digital assets, potentially impacting market participants and regulatory compliance.
AI TRENDS | Anthropic in Talks to Acquire Developer Tools Startup StainlessAnthropic is reportedly in discussions to acquire Stainless, a startup specializing in developer tools. According to Jin10, both OpenAI and Google utilize products from Stainless. The acquisition could potentially enhance Anthropic's capabilities in the AI development sector.

AI TRENDS | Anthropic in Talks to Acquire Developer Tools Startup Stainless

Anthropic is reportedly in discussions to acquire Stainless, a startup specializing in developer tools. According to Jin10, both OpenAI and Google utilize products from Stainless. The acquisition could potentially enhance Anthropic's capabilities in the AI development sector.
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Silver Hits Two-Month High at $87 — On-Chain Whale Short Position Just 2.5% From LiquidationSpot silver continued its sharp rally into Monday morning, reaching a high of $87 and hitting its highest level in nearly two months. The move has put significant pressure on at least one large on-chain short position that is now just 2.5% away from forced liquidation — while a whale who went long with 20x leverage during the overnight surge is sitting on floating profits exceeding 100% of their initial investment. Silver's rally: seven percent in 24 hours Spot silver climbed steadily from Sunday night through Monday morning, peaking at $87 before the SILVER perpetual contract on Hyperliquid settled around $85.8 at the time of writing — still representing a 7% gain over the prior 24 hours and a new two-month high for the metal. The move comes against a broader backdrop of elevated commodity prices, with oil also trading above $100 per barrel amid ongoing geopolitical tensions around the Strait of Hormuz. The short position under pressure Among all whale positions exceeding $1 million opened on-chain in the past week, only one is positioned against the current trend. A single short position worth $1.72 million carries a liquidation price of $88.26 — just 2.5% above current trading levels. If silver continues higher and breaks above $88, this position would become the first on-chain whale liquidation of the current rally, with the forced buyback potentially accelerating the move higher as the liquidation engine closes the position at market. The proximity of that liquidation level to current prices makes it a closely watched technical trigger. Traders monitoring the move will be watching whether silver can sustain momentum above $86 and push toward the $88 zone where the liquidation would activate. The long whale printing over 100% On the other side of the trade, the most profitable on-chain address during this rally is wallet 0x9e8b1e51c642f4c8b87c6ba11c53d516a218afc4. During the main upward wave overnight, this address entered a long position with 20x leverage, deploying $5.17 million at an average entry price of $81.2. At current prices around $85.8, the position is carrying a floating profit of approximately $270,000 — representing more than 100% return on the initial margin deployed. The position has not been closed at the time of writing, meaning the profit remains unrealized and subject to reversal if silver pulls back. At 20x leverage, a 5% adverse move from the entry price would eliminate the initial margin entirely — making position management critical as the metal approaches the $88 level where the opposing short liquidation sits.

Silver Hits Two-Month High at $87 — On-Chain Whale Short Position Just 2.5% From Liquidation

Spot silver continued its sharp rally into Monday morning, reaching a high of $87 and hitting its highest level in nearly two months. The move has put significant pressure on at least one large on-chain short position that is now just 2.5% away from forced liquidation — while a whale who went long with 20x leverage during the overnight surge is sitting on floating profits exceeding 100% of their initial investment.
Silver's rally: seven percent in 24 hours
Spot silver climbed steadily from Sunday night through Monday morning, peaking at $87 before the SILVER perpetual contract on Hyperliquid settled around $85.8 at the time of writing — still representing a 7% gain over the prior 24 hours and a new two-month high for the metal. The move comes against a broader backdrop of elevated commodity prices, with oil also trading above $100 per barrel amid ongoing geopolitical tensions around the Strait of Hormuz.
The short position under pressure
Among all whale positions exceeding $1 million opened on-chain in the past week, only one is positioned against the current trend. A single short position worth $1.72 million carries a liquidation price of $88.26 — just 2.5% above current trading levels. If silver continues higher and breaks above $88, this position would become the first on-chain whale liquidation of the current rally, with the forced buyback potentially accelerating the move higher as the liquidation engine closes the position at market.
The proximity of that liquidation level to current prices makes it a closely watched technical trigger. Traders monitoring the move will be watching whether silver can sustain momentum above $86 and push toward the $88 zone where the liquidation would activate.
The long whale printing over 100%
On the other side of the trade, the most profitable on-chain address during this rally is wallet 0x9e8b1e51c642f4c8b87c6ba11c53d516a218afc4. During the main upward wave overnight, this address entered a long position with 20x leverage, deploying $5.17 million at an average entry price of $81.2. At current prices around $85.8, the position is carrying a floating profit of approximately $270,000 — representing more than 100% return on the initial margin deployed.
The position has not been closed at the time of writing, meaning the profit remains unrealized and subject to reversal if silver pulls back. At 20x leverage, a 5% adverse move from the entry price would eliminate the initial margin entirely — making position management critical as the metal approaches the $88 level where the opposing short liquidation sits.
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U.S. Inflation Data Exceeds Expectations, Impacting Market SentimentU.S. inflation data has surpassed expectations, dampening hopes for a Federal Reserve rate cut this year and causing a broad retreat in risk assets. According to Odaily, following the data release, the market anticipates that the Federal Reserve will maintain interest rates between 3.50% and 3.75% at its June 17 meeting, potentially keeping them unchanged through the end of the year. The data's impact led to a short-term decline in Bitcoin, trading around $80,700 to $80,814, with a 24-hour drop of approximately 1.2%. U.S. stock futures also weakened, and the yield on the 10-year U.S. Treasury rose to 4.44%. In commodities, WTI crude oil increased by about 3%, reaching $101, further intensifying concerns over persistent inflation. Analysts note that with inflation exceeding expectations and energy prices strengthening, market risk appetite is suppressed in the short term, putting pressure on the repricing of both crypto assets and equity markets.

U.S. Inflation Data Exceeds Expectations, Impacting Market Sentiment

U.S. inflation data has surpassed expectations, dampening hopes for a Federal Reserve rate cut this year and causing a broad retreat in risk assets. According to Odaily, following the data release, the market anticipates that the Federal Reserve will maintain interest rates between 3.50% and 3.75% at its June 17 meeting, potentially keeping them unchanged through the end of the year.
The data's impact led to a short-term decline in Bitcoin, trading around $80,700 to $80,814, with a 24-hour drop of approximately 1.2%. U.S. stock futures also weakened, and the yield on the 10-year U.S. Treasury rose to 4.44%. In commodities, WTI crude oil increased by about 3%, reaching $101, further intensifying concerns over persistent inflation.
Analysts note that with inflation exceeding expectations and energy prices strengthening, market risk appetite is suppressed in the short term, putting pressure on the repricing of both crypto assets and equity markets.
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Cointelegraph и 1 др.
🇺🇸 The US Senate Banking Committee is set to review the CLARITY Act this week, but ethics provisions remain a key hurdle.
Some Democrats say they won’t back the bill without stronger safeguards addressing potential conflicts of interest for public officials.
Meanwhile, lawmakers have reportedly made progress on stablecoin yield language, helping move discussions forward.
The bill’s path still includes committee approval, Senate passage, House reconciliation, and presidential sign-off.
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Microsoft Aims for $92 Billion Return from OpenAI InvestmentMicrosoft set a target to achieve a $92 billion return from its early significant investment in OpenAI, according to Bloomberg. This information was revealed during a court hearing on May 11 in Oakland, California, involving a lawsuit filed by Elon Musk against OpenAI and Microsoft. Microsoft CEO Satya Nadella stated in court that the investment was successful because the company took on the associated risks.

Microsoft Aims for $92 Billion Return from OpenAI Investment

Microsoft set a target to achieve a $92 billion return from its early significant investment in OpenAI, according to Bloomberg. This information was revealed during a court hearing on May 11 in Oakland, California, involving a lawsuit filed by Elon Musk against OpenAI and Microsoft. Microsoft CEO Satya Nadella stated in court that the investment was successful because the company took on the associated risks.
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Marathon Digital Holdings Reports Revenue Decline and Increased Net Loss in Q1Marathon Digital Holdings (MARA) has announced its financial results for the first quarter, revealing a revenue of $174.6 million, which marks an 18% decrease compared to the same period last year. According to NS3.AI, the company emphasized that bitcoin mining continues to be its core operational focus. The net loss for the quarter expanded to $1.3 billion, largely attributed to unrealized losses on the 38,689 BTC held on its balance sheet. In an effort to manage debt and improve financial flexibility, MARA sold approximately $1.1 billion worth of bitcoin towards the end of the quarter.

Marathon Digital Holdings Reports Revenue Decline and Increased Net Loss in Q1

Marathon Digital Holdings (MARA) has announced its financial results for the first quarter, revealing a revenue of $174.6 million, which marks an 18% decrease compared to the same period last year. According to NS3.AI, the company emphasized that bitcoin mining continues to be its core operational focus. The net loss for the quarter expanded to $1.3 billion, largely attributed to unrealized losses on the 38,689 BTC held on its balance sheet. In an effort to manage debt and improve financial flexibility, MARA sold approximately $1.1 billion worth of bitcoin towards the end of the quarter.
Nvidia CEO Jensen Huang's Compensation Drops 27% in Fiscal 2026Nvidia CEO Jensen Huang's total compensation package fell by 27% to $36.3 million in fiscal 2026. Bloomberg posted on X, highlighting that the decrease was primarily due to a decline in the value of his stock awards. This adjustment reflects changes in the company's stock performance, impacting the overall valuation of executive compensation packages. Nvidia, a leading player in the technology sector, continues to navigate market dynamics that influence executive pay structures.

Nvidia CEO Jensen Huang's Compensation Drops 27% in Fiscal 2026

Nvidia CEO Jensen Huang's total compensation package fell by 27% to $36.3 million in fiscal 2026. Bloomberg posted on X, highlighting that the decrease was primarily due to a decline in the value of his stock awards. This adjustment reflects changes in the company's stock performance, impacting the overall valuation of executive compensation packages. Nvidia, a leading player in the technology sector, continues to navigate market dynamics that influence executive pay structures.
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AI TRENDS | OpenAI to Acquire TOMORO for Private Equity Joint VentureOpenAI has announced plans to acquire the consulting firm TOMORO to establish a private equity joint venture. According to Jin10, this strategic move aims to expand OpenAI's influence in the financial sector by leveraging TOMORO's expertise. The acquisition is expected to enhance OpenAI's capabilities in providing AI-driven solutions to private equity firms, marking a significant step in its business diversification efforts.

AI TRENDS | OpenAI to Acquire TOMORO for Private Equity Joint Venture

OpenAI has announced plans to acquire the consulting firm TOMORO to establish a private equity joint venture. According to Jin10, this strategic move aims to expand OpenAI's influence in the financial sector by leveraging TOMORO's expertise. The acquisition is expected to enhance OpenAI's capabilities in providing AI-driven solutions to private equity firms, marking a significant step in its business diversification efforts.
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DTCC Builds Out Blockchain-Based Collateral System With Chainlink IntegrationAccording to CoinDesk, the Depository Trust & Clearing Corporation (DTCC) will integrate Chainlink's Runtime Environment and data standard into its blockchain-based Collateral AppChain — a Besu-based platform enabling tokenized, 24/7 real-time collateral management across traditional and blockchain markets. Chainlink will handle pricing, valuation, margining, eligibility checks and settlement orchestration. The integration extends a 2024 Smart NAV pilot involving JPMorgan, BNY Mellon and Franklin Templeton. DTCC's subsidiaries processed $4.7 quadrillion in securities transactions in 2025 and custody assets valued at $114 trillion.

DTCC Builds Out Blockchain-Based Collateral System With Chainlink Integration

According to CoinDesk, the Depository Trust & Clearing Corporation (DTCC) will integrate Chainlink's Runtime Environment and data standard into its blockchain-based Collateral AppChain — a Besu-based platform enabling tokenized, 24/7 real-time collateral management across traditional and blockchain markets. Chainlink will handle pricing, valuation, margining, eligibility checks and settlement orchestration. The integration extends a 2024 Smart NAV pilot involving JPMorgan, BNY Mellon and Franklin Templeton. DTCC's subsidiaries processed $4.7 quadrillion in securities transactions in 2025 and custody assets valued at $114 trillion.
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Bitcoin Ordinals Browser Ord.io to Shut Down on June 1Bitcoin Ordinals browser Ord.io announced on the X platform that it will cease operations on June 1. According to PANews, the platform, launched three years ago, has served over one million users. The team plans to upload the complete history of likes, replies, and public address data to GitHub, allowing future developers to build related Ordinals browsing tools based on this data.

Bitcoin Ordinals Browser Ord.io to Shut Down on June 1

Bitcoin Ordinals browser Ord.io announced on the X platform that it will cease operations on June 1. According to PANews, the platform, launched three years ago, has served over one million users. The team plans to upload the complete history of likes, replies, and public address data to GitHub, allowing future developers to build related Ordinals browsing tools based on this data.
Global Banking Giant Expands Tokenized Money Market LineupA global banking giant is expanding its tokenized money market offerings, following a similar move by BlackRock just days ago, according to CoinDesk. This expansion highlights the growing interest and adoption of tokenized financial products among major financial institutions. The move is seen as a strategic effort to capitalize on the increasing demand for digital assets and blockchain technology in traditional finance sectors.

Global Banking Giant Expands Tokenized Money Market Lineup

A global banking giant is expanding its tokenized money market offerings, following a similar move by BlackRock just days ago, according to CoinDesk. This expansion highlights the growing interest and adoption of tokenized financial products among major financial institutions. The move is seen as a strategic effort to capitalize on the increasing demand for digital assets and blockchain technology in traditional finance sectors.
Malicious Repository Impersonating OpenAI Model Removed After 244,000 DownloadsA repository on Hugging Face, falsely claiming to be OpenAI's Privacy Filter model, became the top trending project, amassing approximately 244,000 downloads in less than 18 hours before it was taken down. According to NS3.AI, HiddenLayer reported that around 657 out of the 667 likes for the repository exhibited bot-like naming patterns. The malicious campaign deployed a multi-stage infostealer on Windows systems, which extracted browser passwords, Discord tokens, cryptocurrency wallet keys, and SSH credentials, subsequently transmitting them to servers controlled by the attackers.

Malicious Repository Impersonating OpenAI Model Removed After 244,000 Downloads

A repository on Hugging Face, falsely claiming to be OpenAI's Privacy Filter model, became the top trending project, amassing approximately 244,000 downloads in less than 18 hours before it was taken down. According to NS3.AI, HiddenLayer reported that around 657 out of the 667 likes for the repository exhibited bot-like naming patterns. The malicious campaign deployed a multi-stage infostealer on Windows systems, which extracted browser passwords, Discord tokens, cryptocurrency wallet keys, and SSH credentials, subsequently transmitting them to servers controlled by the attackers.
STOCKS | U.S. Chip Stocks Experience Dramatic Reversal Amid Market VolatilityOn May 13, U.S. chip stocks faced one of their toughest trading days this year, with some of the best-performing stocks experiencing dramatic reversals. According to Jin10, Broadcom (AVGO.O), Intel (INTC.O), and Micron Technology (MU.O) were among the top five decliners in both the S&P 500 and Nasdaq 100 indices. The Philadelphia Semiconductor Index, which had risen over 60% this year, fell as much as 6.8% intraday, marking its largest intraday drop in over a year, and closed down 3%. Almost all components ended the day lower, with Qualcomm (QCOM.O) leading the declines with an 11.4% drop. Nvidia (NVDA.O) was the only stock to close higher, despite underperforming the sector overall this year. Susquehanna International's co-head of derivatives strategy, Murphy, commented, "The historic rally in chipmakers cannot last indefinitely. This sell-off was overdue after a remarkable rise, but given the market's persistent FOMO sentiment, this pain may not last long."

STOCKS | U.S. Chip Stocks Experience Dramatic Reversal Amid Market Volatility

On May 13, U.S. chip stocks faced one of their toughest trading days this year, with some of the best-performing stocks experiencing dramatic reversals. According to Jin10, Broadcom (AVGO.O), Intel (INTC.O), and Micron Technology (MU.O) were among the top five decliners in both the S&P 500 and Nasdaq 100 indices. The Philadelphia Semiconductor Index, which had risen over 60% this year, fell as much as 6.8% intraday, marking its largest intraday drop in over a year, and closed down 3%. Almost all components ended the day lower, with Qualcomm (QCOM.O) leading the declines with an 11.4% drop. Nvidia (NVDA.O) was the only stock to close higher, despite underperforming the sector overall this year. Susquehanna International's co-head of derivatives strategy, Murphy, commented, "The historic rally in chipmakers cannot last indefinitely. This sell-off was overdue after a remarkable rise, but given the market's persistent FOMO sentiment, this pain may not last long."
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Stream Finance Explores Strategic Alternatives for Asset MaximizationStream Finance announced on Platform X that it is seeking ways to maximize the value of assets for customers and creditors. According to Odaily, the goal is to integrate, liquidate, and distribute assets prudently and swiftly. The team is considering several strategic alternatives that require the involvement of customers and creditors, with more details expected in the coming weeks. Inquiries can be directed to Jeremiah Ledgwidge at Cooley LLP. In November last year, Stream Finance reported a loss of $93 million in assets and subsequently suspended withdrawals, leading to a significant de-pegging of XUSD.

Stream Finance Explores Strategic Alternatives for Asset Maximization

Stream Finance announced on Platform X that it is seeking ways to maximize the value of assets for customers and creditors. According to Odaily, the goal is to integrate, liquidate, and distribute assets prudently and swiftly. The team is considering several strategic alternatives that require the involvement of customers and creditors, with more details expected in the coming weeks. Inquiries can be directed to Jeremiah Ledgwidge at Cooley LLP.

In November last year, Stream Finance reported a loss of $93 million in assets and subsequently suspended withdrawals, leading to a significant de-pegging of XUSD.
U.S. API Distillate Stocks Decrease by 319,000 BarrelsAccording to Jin10, the American Petroleum Institute (API) reported that U.S. distillate stocks decreased by 319,000 barrels for the week ending May 8. This figure was below the expected decrease of 2.995 million barrels and follows a previous decline of 4.642 million barrels.

U.S. API Distillate Stocks Decrease by 319,000 Barrels

According to Jin10, the American Petroleum Institute (API) reported that U.S. distillate stocks decreased by 319,000 barrels for the week ending May 8. This figure was below the expected decrease of 2.995 million barrels and follows a previous decline of 4.642 million barrels.
U.S. API Crude Oil Inventory Decline Surpasses ExpectationsThe American Petroleum Institute (API) reported a decrease in U.S. crude oil inventories by 2.188 million barrels for the week ending May 8. According to Jin10, this decline exceeded the anticipated reduction of 1.654 million barrels and follows a previous decrease of 8.141 million barrels.

U.S. API Crude Oil Inventory Decline Surpasses Expectations

The American Petroleum Institute (API) reported a decrease in U.S. crude oil inventories by 2.188 million barrels for the week ending May 8. According to Jin10, this decline exceeded the anticipated reduction of 1.654 million barrels and follows a previous decrease of 8.141 million barrels.
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Ondo Project Transfers Significant ONDO Tokens to CEXOn May 12, a significant transfer of ONDO tokens was observed. According to BlockBeats On-chain Detection, the Ondo project's multi-signature address transferred 150 million ONDO tokens seven hours ago. Subsequently, 21.338 million ONDO tokens were moved to centralized exchanges (CEX) one hour ago.

Ondo Project Transfers Significant ONDO Tokens to CEX

On May 12, a significant transfer of ONDO tokens was observed. According to BlockBeats On-chain Detection, the Ondo project's multi-signature address transferred 150 million ONDO tokens seven hours ago. Subsequently, 21.338 million ONDO tokens were moved to centralized exchanges (CEX) one hour ago.
U.S. API Gasoline Inventory Increases by 502,000 BarrelsThe American Petroleum Institute (API) reported an increase in U.S. gasoline inventories for the week ending May 8. According to Jin10, the gasoline stockpiles rose by 502,000 barrels. This figure contrasts with the expected decrease of 2.549 million barrels and the previous week's decline of 6.107 million barrels.

U.S. API Gasoline Inventory Increases by 502,000 Barrels

The American Petroleum Institute (API) reported an increase in U.S. gasoline inventories for the week ending May 8. According to Jin10, the gasoline stockpiles rose by 502,000 barrels. This figure contrasts with the expected decrease of 2.549 million barrels and the previous week's decline of 6.107 million barrels.
MARA Holdings Sells 20,880 BTC, Plans Acquisition of Ohio Power Plant OperatorMARA Holdings has sold 20,880 BTC for approximately $1.5 billion in the first quarter of this year. According to NS3.AI, the company allocated around $1 billion of the proceeds to repay convertible bonds, effectively reducing its debt from approximately $3.3 billion to $2.3 billion. Additionally, MARA Holdings announced plans to use the remaining funds for the acquisition of Long Ridge Energy, a 505 MW power plant operator based in Ohio.

MARA Holdings Sells 20,880 BTC, Plans Acquisition of Ohio Power Plant Operator

MARA Holdings has sold 20,880 BTC for approximately $1.5 billion in the first quarter of this year. According to NS3.AI, the company allocated around $1 billion of the proceeds to repay convertible bonds, effectively reducing its debt from approximately $3.3 billion to $2.3 billion. Additionally, MARA Holdings announced plans to use the remaining funds for the acquisition of Long Ridge Energy, a 505 MW power plant operator based in Ohio.
Expert Predicts Rapid Growth in Tokenized Asset Market with Regulatory ClarityBloomberg ETF analyst James Seyffart has indicated that the tokenized asset market could experience significant growth in the coming years. According to NS3.AI, this potential expansion is contingent upon the U.S. Congress passing the CLARITY Act. Seyffart suggests that regulatory clarity could serve as a catalyst for attracting institutional capital into tokenized securities, bonds, and funds.

Expert Predicts Rapid Growth in Tokenized Asset Market with Regulatory Clarity

Bloomberg ETF analyst James Seyffart has indicated that the tokenized asset market could experience significant growth in the coming years. According to NS3.AI, this potential expansion is contingent upon the U.S. Congress passing the CLARITY Act. Seyffart suggests that regulatory clarity could serve as a catalyst for attracting institutional capital into tokenized securities, bonds, and funds.
JPMorgan Plans Ethereum-Based Tokenized Money Market FundJPMorgan is reportedly developing a tokenized money market fund based on Ethereum. According to NS3.AI, Kinexys Digital Assets will manage the fund, which will include U.S. Treasury bonds and ultra-short-term repurchase agreements. The fund is intended to serve as collateral for stablecoin reserves under the GENIUS Act.

JPMorgan Plans Ethereum-Based Tokenized Money Market Fund

JPMorgan is reportedly developing a tokenized money market fund based on Ethereum. According to NS3.AI, Kinexys Digital Assets will manage the fund, which will include U.S. Treasury bonds and ultra-short-term repurchase agreements. The fund is intended to serve as collateral for stablecoin reserves under the GENIUS Act.
Switzerland Leads in Crypto Services with Over 20 Banks Offering TradingUBS initiated direct Bitcoin and Ethereum trading for select private banking clients in January 2026. According to NS3.AI, a report by The Big Whale highlights that Switzerland now hosts approximately 20 banks providing crypto services, surpassing any other nation. The report also notes that the 2024 launches by Zurcher Kantonalbank and PostFinance expanded crypto access to over 2.5 million Swiss accounts.

Switzerland Leads in Crypto Services with Over 20 Banks Offering Trading

UBS initiated direct Bitcoin and Ethereum trading for select private banking clients in January 2026. According to NS3.AI, a report by The Big Whale highlights that Switzerland now hosts approximately 20 banks providing crypto services, surpassing any other nation. The report also notes that the 2024 launches by Zurcher Kantonalbank and PostFinance expanded crypto access to over 2.5 million Swiss accounts.
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Fluid Addresses $21 Million Bad Debt from Resolv Infrastructure DamageFluid announced on Platform X that damage to Resolv infrastructure has resulted in approximately $21 million in bad debt. According to Odaily, a solution has been devised to address the remaining $19.3 million in debt: Resolv will cover about $9.7 million, Fluid's governance treasury will handle $8.2 million, and the Fluid team will take on $1.5 million. Fluid has destroyed all remaining USR tokens within the protocol at the contract level, allowing users to exchange them directly through Resolv. To ensure long-term sustainability, Fluid will pause token buybacks, significantly reduce or eliminate FLUID token incentives, and the foundation will halt its monthly $250,000 grant from March to June. Additionally, its Solana DEX is expected to launch within six weeks.

Fluid Addresses $21 Million Bad Debt from Resolv Infrastructure Damage

Fluid announced on Platform X that damage to Resolv infrastructure has resulted in approximately $21 million in bad debt. According to Odaily, a solution has been devised to address the remaining $19.3 million in debt: Resolv will cover about $9.7 million, Fluid's governance treasury will handle $8.2 million, and the Fluid team will take on $1.5 million. Fluid has destroyed all remaining USR tokens within the protocol at the contract level, allowing users to exchange them directly through Resolv.

To ensure long-term sustainability, Fluid will pause token buybacks, significantly reduce or eliminate FLUID token incentives, and the foundation will halt its monthly $250,000 grant from March to June. Additionally, its Solana DEX is expected to launch within six weeks.
Citigroup Increases Investment in Strategy to $138 MillionCitigroup has increased its investment in Strategy, formerly known as MicroStrategy, to approximately $138 million. According to NS3.AI, Citigroup, a leading U.S. bank, has shown confidence in Strategy, a company known for its significant Bitcoin holdings.

Citigroup Increases Investment in Strategy to $138 Million

Citigroup has increased its investment in Strategy, formerly known as MicroStrategy, to approximately $138 million. According to NS3.AI, Citigroup, a leading U.S. bank, has shown confidence in Strategy, a company known for its significant Bitcoin holdings.
Saudi Arabia Conducts Unreported Strikes on Iran Amid Middle East TensionsSaudi Arabia has carried out several undisclosed attacks on Iran in retaliation for assaults on its territory during the Middle East conflict, according to Odaily. Two Western officials and two Iranian officials familiar with the situation revealed these actions, which had not been previously reported, indicating Saudi Arabia's increasing assertiveness against its regional rival. The strikes, conducted by the Saudi Air Force, are believed to have taken place in late March, as assessed by the Western officials. This follows a report by The Wall Street Journal on Monday that the United Arab Emirates also launched military strikes against Iran. The actions by Saudi Arabia and the UAE highlight a largely hidden conflict where Gulf states, targeted by Iranian attacks, are beginning to retaliate. Iranian and Western officials noted that Saudi Arabia informed Iran of these strikes, leading to intense diplomatic engagements. Saudi Arabia threatened further retaliatory measures, which eventually resulted in an agreement between the two nations to de-escalate tensions.

Saudi Arabia Conducts Unreported Strikes on Iran Amid Middle East Tensions

Saudi Arabia has carried out several undisclosed attacks on Iran in retaliation for assaults on its territory during the Middle East conflict, according to Odaily. Two Western officials and two Iranian officials familiar with the situation revealed these actions, which had not been previously reported, indicating Saudi Arabia's increasing assertiveness against its regional rival.

The strikes, conducted by the Saudi Air Force, are believed to have taken place in late March, as assessed by the Western officials. This follows a report by The Wall Street Journal on Monday that the United Arab Emirates also launched military strikes against Iran. The actions by Saudi Arabia and the UAE highlight a largely hidden conflict where Gulf states, targeted by Iranian attacks, are beginning to retaliate.

Iranian and Western officials noted that Saudi Arabia informed Iran of these strikes, leading to intense diplomatic engagements. Saudi Arabia threatened further retaliatory measures, which eventually resulted in an agreement between the two nations to de-escalate tensions.
PRECIOUS METALS | SPDR Gold Trust Holdings Increase by 1.999 TonsThe SPDR Gold Trust, the world's largest gold exchange-traded fund (ETF), reported an increase in its holdings by 1.999 tons. According to Jin10, the current total holdings now stand at 1,038.279 tons.

PRECIOUS METALS | SPDR Gold Trust Holdings Increase by 1.999 Tons

The SPDR Gold Trust, the world's largest gold exchange-traded fund (ETF), reported an increase in its holdings by 1.999 tons. According to Jin10, the current total holdings now stand at 1,038.279 tons.
Bitcoin Suisse Secures Bermuda Digital Asset LicenseBitcoin Suisse (International) Ltd., an affiliate of the Bitcoin Suisse Group, has obtained a Class F license under Bermuda's Digital Asset Business Act and Class B registration approval under the Investment Business Act from the Bermuda Monetary Authority. This authorization allows Bitcoin Suisse to offer regulated digital asset management and investment advisory services to professional and institutional clients, according to BeInCrypto. The approval marks a significant step in Bitcoin Suisse's international expansion, enhancing its ability to serve clients outside Switzerland.

Bitcoin Suisse Secures Bermuda Digital Asset License

Bitcoin Suisse (International) Ltd., an affiliate of the Bitcoin Suisse Group, has obtained a Class F license under Bermuda's Digital Asset Business Act and Class B registration approval under the Investment Business Act from the Bermuda Monetary Authority. This authorization allows Bitcoin Suisse to offer regulated digital asset management and investment advisory services to professional and institutional clients, according to BeInCrypto. The approval marks a significant step in Bitcoin Suisse's international expansion, enhancing its ability to serve clients outside Switzerland.
Square Enables Bitcoin Payments for 1 Million MerchantsSquare has auto-enrolled approximately 1 million U.S. merchants to accept Bitcoin payments, leveraging the Lightning Network. According to NS3.AI, this feature allows customers to pay in Bitcoin while merchants receive U.S. dollars by default. Sellers have the option to opt out of this payment method. The rollout began on March 30, aiming to streamline cryptocurrency transactions for businesses.

Square Enables Bitcoin Payments for 1 Million Merchants

Square has auto-enrolled approximately 1 million U.S. merchants to accept Bitcoin payments, leveraging the Lightning Network. According to NS3.AI, this feature allows customers to pay in Bitcoin while merchants receive U.S. dollars by default. Sellers have the option to opt out of this payment method. The rollout began on March 30, aiming to streamline cryptocurrency transactions for businesses.
21Shares' THYP Hyperliquid ETF Sees $1.8 Million Trading Volume on Debut21Shares' THYP Hyperliquid ETF recorded approximately $1.8 million in trading volume on its first day. According to NS3.AI, Bloomberg ETF analyst James Seyffart commented that this volume is considered decent for a typical new ETF launch.

21Shares' THYP Hyperliquid ETF Sees $1.8 Million Trading Volume on Debut

21Shares' THYP Hyperliquid ETF recorded approximately $1.8 million in trading volume on its first day. According to NS3.AI, Bloomberg ETF analyst James Seyffart commented that this volume is considered decent for a typical new ETF launch.
AI TRENDS | Meta Offers Free WhatsApp Access to Competitors' AI ChatbotsMeta has announced that it will provide a month of free access to WhatsApp for artificial intelligence chatbots developed by its competitors. According to Jin10, this initiative aims to foster collaboration and innovation within the AI industry. By allowing rival AI chatbots to utilize WhatsApp, Meta seeks to enhance the capabilities and reach of these technologies. This move is part of Meta's broader strategy to integrate AI more deeply into its platforms and services.

AI TRENDS | Meta Offers Free WhatsApp Access to Competitors' AI Chatbots

Meta has announced that it will provide a month of free access to WhatsApp for artificial intelligence chatbots developed by its competitors. According to Jin10, this initiative aims to foster collaboration and innovation within the AI industry. By allowing rival AI chatbots to utilize WhatsApp, Meta seeks to enhance the capabilities and reach of these technologies. This move is part of Meta's broader strategy to integrate AI more deeply into its platforms and services.
U.S. Appeals Court Examines Jurisdiction in Roman Sterlingov CaseA U.S. federal appeals court is reviewing the case of Roman Sterlingov, focusing on whether cryptocurrency services fall under U.S. legal jurisdiction. According to Odaily, the case centers on whether a few transactions conducted by law enforcement in Washington are sufficient to establish jurisdiction, and the reliability of the FBI's 'IP overlap analysis' used to identify the defendant. The U.S. Department of Justice argues that Bitcoin Fog, as a global money transmission service catering to U.S. users, should be subject to U.S. laws. Meanwhile, the defense questions the legitimacy of the jurisdiction established by law enforcement actions.

U.S. Appeals Court Examines Jurisdiction in Roman Sterlingov Case

A U.S. federal appeals court is reviewing the case of Roman Sterlingov, focusing on whether cryptocurrency services fall under U.S. legal jurisdiction. According to Odaily, the case centers on whether a few transactions conducted by law enforcement in Washington are sufficient to establish jurisdiction, and the reliability of the FBI's 'IP overlap analysis' used to identify the defendant.

The U.S. Department of Justice argues that Bitcoin Fog, as a global money transmission service catering to U.S. users, should be subject to U.S. laws. Meanwhile, the defense questions the legitimacy of the jurisdiction established by law enforcement actions.
Bitcoin Surges Past $80,000 Amid Leverage-Driven RallyBitcoin's recent rise above $80,000 is attributed more to leverage than actual spot demand, according to Wintermute. The firm noted that open interest increased by approximately $10 billion over the past month. According to NS3.AI, Wintermute also highlighted that spot trading volume has dropped to its lowest level in two years, describing the situation as a classic short squeeze setup.

Bitcoin Surges Past $80,000 Amid Leverage-Driven Rally

Bitcoin's recent rise above $80,000 is attributed more to leverage than actual spot demand, according to Wintermute. The firm noted that open interest increased by approximately $10 billion over the past month. According to NS3.AI, Wintermute also highlighted that spot trading volume has dropped to its lowest level in two years, describing the situation as a classic short squeeze setup.
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