BTC Spot ETF Sees Immediate Inflow of 604.4 Billion Won
According to Trader T, on May 1st (local time), the US BTC Spot ETF saw an inflow of $42.254 million (approximately 604.4 billion won). Just a day after switching to net outflow, it returned to net inflow. BlackRock's IBIT alone saw an inflow of $35.146 million, Grayscale BTC received $41.92 million, and Bitwise BITB saw an inflow of $38.39 million. In contrast, ARK Invest's ARKB experienced an outflow of $87.23 million.
Goldman Sachs "Plans to Expand Cryptocurrency Business"
CNBC reported that Matthew McDermott, Global Head of Digital Assets at Goldman Sachs, stated at Token2049 in Dubai that they will "expand cryptocurrency trading activities and fully invest in cryptocurrency-based loans and tokenization business." He added that "more and more customers want Goldman Sachs to actively participate in cryptocurrency trading, and we are working to specifically realize this."
US Senate Majority Leader Urges Stablecoin Bill Processing
Decrypt reported that Republican Senate Majority Leader John Thune is urging the processing of the GENIUS Act, a stablecoin bill aimed at establishing a federal regulatory framework. The bill, proposed by Republican Senator Bill Hagerty, seeks to establish a regulatory framework for stablecoins and define cases where issuers are supervised by state or federal authorities. Local banking circles are reportedly opposing the bill, arguing that it could pose risks to the existing financial system.
Tiger Research: "Stablecoin Transactions Beyond Sanction Evasion"
Asian Web3 research and consulting firm Tiger Research explained in a recent report that "Despite domestic cryptocurrency regulation policies, China and India are enjoying significant advantages through stablecoin-based transactions with Russia. Both countries are actually experiencing the efficiency of decentralized finance at the national level."
ETH Spot ETF Sees 9.2 Billion Won Inflow
According to Passaid Investor, the US Ethereum (ETH) Spot ETF saw a total inflow of $6.5 million (approximately 9.2 billion won) on May 1st (local time). Just a day after switching to net outflow, it returned to net inflow. Grayscale ETH received $12 million, Fidelity FETH saw $6.5 million inflow, while Grayscale ETHE experienced an outflow of $12 million. Other ETFs showed no net inflow or outflow.
Analysis: "BTC On-chain Indicators Positive... Beginning of Bull Market"
An analysis suggests that the bull market's prelude has begun with BTC holders' restored confidence. Crypto Quant analyst Axel Adler Junior stated, "The annual True MVRV indicator has turned positive again. This means BTC holders' bullish sentiment is recovering. Panic selling is decreasing, and many BTC holders have re-entered the profit zone. Prices are expected to continue rising until holders want to realize profits. The bull market's prelude has begun."
Zeus Network Launches fragBTC BTC Revenue Product
Zeus Network (ZEUS), a communication protocol for Solana and Bitcoin ecosystems, announced the launch of fragBTC, the ecosystem's first revenue-generating BTC product, in collaboration with SOLV Protocol and Fragmetric. Users can generate BTC revenue through SOLV's SolvBTC.JUP and deposit zBTC on Fragmetric's platform to receive additional rewards. The Zeus team is currently running an event distributing ZEUS tokens to fragBTC users for about two weeks.
Tokamak Network to Release Staking V2
Tokamak Network announced through its official Medium that it will release Staking V2, which upgrades the network's governance and reward structure, offering approximately 31% annual percentage yield (APY) and including airdrops and DAO participation rights.
World Adopts Circle CCTP V2
World (WLD), an iris scan identity verification project, announced through its official blog that it will support Circle's USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) V2.
US SEC Requests Dismissal of Lawsuit Against Crypto Influencer
Cointelegraph reported that the US Securities and Exchange Commission (SEC) has requested to withdraw the lawsuit against crypto influencer Ian Balina. The SEC submitted a joint settlement to the Austin Federal Court, stating that "the case's dismissal is appropriate." Previously, Balina was charged with violating securities laws during the token sale of the development platform Sparkster (SPRK), and the US court had previously acknowledged his guilt.
24-Hour Cryptocurrency Perpetual Futures Liquidation Scale
Recent 24-hour cryptocurrency perpetual futures liquidation scale and liquidation ratio are as follows:
BTC Liquidation Scale: $87.78 million, Liquidation Ratio: Short 90.6%
ETH Liquidation Scale: $39.41 million, Liquidation Ratio: Short 77.82%
SOL Liquidation Scale: $7.56 million, Liquidation Ratio: Short 71.4%
Top 3 Futures Exchanges BTC Perpetual Futures Long/Short Ratio
Based on open interest, the recent 24-hour BTC perpetual futures long/short position ratios at the world's top 3 crypto futures exchanges are as follows:
Overall Exchanges: Long 51.18% / Short 48.82%
1. Binance: Long 52.23% / Short 47.77%
2. OKX: Long 50.62% / Short 49.38%
3. Bybit: Long 51.96% / Short 48.04%
Bithumb Delists WEMIX
Bithumb announced through its official website that it will delist WEMIX (WEMIX) on June 2nd at 3 PM (scheduled).
Bit.get OnChain lists BOOP, MAGA, horni
Bit.get announced through its official channel that "BOOP, MAGA, and horni have been listed on Bit.get OnChain. Bit.get OnChain is a service provided on the mobile app that supports on-chain asset trading within a centralized exchange system without a separate Web3 wallet."
Binance lists SXT perpetual futures pre-market
Binance announced through its official website that it will list SXT/USDT perpetual futures in the pre-market on May 2nd at 5:30 PM (Korean time). It supports up to 5x leverage.
WOO X lists HAEDAL perpetual futures
Global cryptocurrency exchange WOO X announced that it will list HAEDAL perpetual futures on May 2nd at 5 PM.
Bithumb lists HAEDAL
Bithumb announced that it will list HAEDAL Protocol (HAEDAL) on the KRW market on May 2nd at 6 PM.
EOS announces changes to Vaulta rebranding schedule
EOS Network announced the rebranding schedule to Vaulta. EOS stated that "the new token contract deployment has been moved up from May 23rd (local time) to May 14th, and exchanges must complete the rebranding support notice by May 7th". Previously, EOS Network had announced the rebranding to Vaulta and a token swap in late May.
Bithumb temporarily suspends ATOM deposits and withdrawals
Bithumb announced that it will temporarily suspend ATOM deposits and withdrawals on the 6th at 3 PM to support the Cosmos (ATOM) network (mainnet) upgrade.
Bithumb temporarily suspends CSPR deposits and withdrawals
Bithumb announced that it will temporarily suspend CSPR deposits and withdrawals on the 6th at 10 AM to support the Casper (CSPR) network (mainnet) upgrade.
Analysis: "BTC rises on US-China tariff agreement expectations... Key to breaking $100,000"
Coindesk analyzed that Bitcoin broke $97,000 on expectations of a potential resolution to US-China tariff issues, but the possibility of an agreement remains skeptical. Recent Chinese state media reported that the US has been contacting China through various channels to discuss tariff issues. However, the decentralized prediction market platform Polymarket sees less than a 20% chance of an agreement by June. The media explained, "BTC's future hinges on the substantial progress of US-China negotiations and breaking the $100,000 mark. While technical expectations are high, geopolitical risks remain a variable."
