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The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 49.96% long, 50.04% short - Binance: 51.4% long, 48.6% short - OKX: 51.59% long, 48.42% short - Bybit: 51.12% long, 48.88% short

The cumulative trading volume for prediction market platforms Polymarket and Kalshi surpassed $150 billion as of April, The Block reported. However, a seven-month streak of setting new monthly highs was broken last month. The number of active trading users on Polymarket fell from 733,000 in March to 643,000, contributing to the slowdown in trading volume. Meanwhile, Polymarket is expanding its business in the U.S. market, while Kalshi saw its trading volume increase from $13 billion in March to $14.28 billion in April.

Andreessen Horowitz's (a16z) crypto arm, a16z Crypto, has suggested that the concept of stablecoins may eventually fade away and be replaced by new terminology. The firm highlighted that stablecoins are increasingly serving as financial infrastructure for various applications, including cross-border remittances, real-time settlements, direct ownership, and embedded payments. The core function, a16z Crypto stressed, is to make money programmable like software. The firm explained that these assets could be rebranded in the future as digital dollars, digital euros, or on-chain assets.

Bitcoin does not require a specific narrative to reach the $100,000 mark, according to crypto analyst Michael van de Poppe. In a post on X, he argued that a narrative is not a prerequisite for a price increase; rather, narratives tend to form on their own after a price surge. He noted that while there is no clear narrative currently driving the market, significant liquidity is flowing into the AI sector, with investors seemingly unconcerned about a potential price drop despite signs of overheating. Van de Poppe described this as the natural way markets operate. Looking ahead, he asserted that digital assets will gain importance and highlighted Bitcoin as the best-performing inflation hedge in history. He suggested that even if price movements slow down, it could be a preparatory phase for a future rally, concluding that the current price level remains favorable for accumulation.

A significant concentration of BTC short positions is clustered around the $80,000 price level, according to on-chain analyst Ali Martinez. He suggested that a breakout above this area could trigger a short squeeze, potentially driving the price rapidly to $84,000. Martinez noted that while BTC continues to consolidate in a narrow range at the start of May, the key area to watch is the large accumulation of shorts at $80,000. Conversely, if Bitcoin fails to overcome this resistance, the $70,000 to $75,000 range is expected to act as a support level. He described the current market as a tight tug-of-war between buyers and sellers, adding that a daily close outside the $75,000-$80,000 range will be a crucial variable in determining the trend for the month.

Taiwanese lawmaker Ko Ju-Chun has delivered a report to the country's Premier and Central Bank Governor proposing the introduction of a Bitcoin strategic reserve, Wu Blockchain reported. During a parliamentary session, Ko urged the executive branch to study the possibility of allocating a portion of Taiwan's $602 billion in foreign exchange reserves to BTC. She also requested that the central bank submit a report on stablecoins and cryptocurrency strategic reserves within one month.

Bitcoin mining difficulty dropped by 2.30% to 132.47 T around 2:06 a.m. UTC today. The next difficulty adjustment is scheduled to occur in 13 days and 17 hours.

U.S. spot Ethereum ETFs recorded a net inflow of approximately $101.2 million on May 1, marking a shift from net outflows for the first time in four trading days, according to data from Farside Investors. - BlackRock ETHA: +$43.2 million - BlackRock Staking ETHB: +$5.9 million - Fidelity FETH: +$49.4 million - Bitwise ETHW: +$1.3 million - 21Shares TETH: +$1.4 million

U.S. spot Bitcoin ETFs recorded approximately $629.8 million (928.9 billion won) in net inflows on May 1, marking the second consecutive day of positive flows, according to data from Farside Investors. - BlackRock IBIT: +$284.4 million - Fidelity FBTC: +$213.4 million - Bitwise BITB: +$27.3 million - Ark Invest ARKB: +$88.5 million - VanEck HODL: +$5.5 million - Morgan Stanley MSBT: +$4.5 million - Grayscale Mini BTC: +$6.2 million

The Billions Foundation announced on its official X (formerly Twitter) account that its digital identity verification platform, Billions Network, is scheduled to hold a Token Generation Event (TGE) for its BILL token on May 4.

According to Onchain Lens, a newly created wallet (bc1qyhr..) has withdrawn 1,051 BTC, worth approximately $82.37 million, from Binance.

The odds of the Digital Asset Market Clarity Act (CLARITY Act) passing in 2026 have surpassed 60% on the prediction market Polymarket. This represents a 14% increase from yesterday. The development follows a compromise reached on the issue of stablecoin revenue sharing.

The market capitalization of B, a memecoin on the BNB Chain, has surpassed $325 million. The token is currently trading at around $0.327, marking a 155% increase over the past 24 hours. During the same period, its trading volume reached $65.4 million.

The UK Treasury and the Bank of England are discussing plans to slow the development of their central bank digital currency (CBDC), nicknamed Britcoin, Bloomberg reported. A final decision on whether to move forward with the project, which was expected this summer, is now likely to be postponed. The potential delay stems from the view that private sector innovations like tokenized deposits are already offering fast and affordable payment alternatives within the existing banking system. The UK's cautious approach places it between Europe, which is accelerating its digital euro project, and the U.S., which has halted similar work, amid skepticism from Bank of England Governor Andrew Bailey about the need for a CBDC.

Faryar Shirzad, Chief Policy Officer (CPO) at Coinbase, has praised a recent agreement on regulations for stablecoin rewards, a key point of contention in U.S. crypto legislation. Shirzad explained that while the banking sector ultimately secured more restrictions on rewards, the agreement protects the ability of Americans to earn compensation based on the actual use of crypto platforms and networks.

The U.S. Treasury's Office of Foreign Assets Control (OFAC) has issued a warning regarding Iran's demands for passage fees from ships transiting the Strait of Hormuz. The advisory states that while Iran may demand these fees be paid in digital assets, doing so would violate U.S. sanctions. It also noted that U.S. persons are prohibited from transacting with Iranian digital asset exchanges, which are considered sanctioned Iranian financial institutions. Non-U.S. persons who use Iranian crypto exchanges could be deemed to be supporting Iran's financial sector, potentially subjecting them to secondary sanctions that would block their access to the U.S. financial system.

The Crypto Fear & Greed Index from data provider CoinMarketCap is at 45, up one point from yesterday, continuing its 'Neutral' reading. The index measures market sentiment on a scale from 0 (Extreme Fear) to 100 (Extreme Greed). CoinMarketCap's version is calculated using factors such as the price movements of the top 10 cryptocurrencies by market cap, market volatility, derivatives data including put/call ratios, the Stablecoin Supply Ratio (SSR), and proprietary search data.

Repeated security incidents could cause existing DeFi players to lose trust, potentially relegating them to the role of a 'global proof-of-concept' for legacy financial institutions' blockchain adoption, analyst Hong Seong-wook of NH Investment & Securities warned in a report on April 30. He noted that the digital asset industry is rapidly experiencing the same types of incidents that the traditional financial sector faced over the last century. With RWA tokenization emerging as a growth driver, Hong suggested that one path to long-term growth for DeFi projects could be to actively cooperate with legacy firms to gain security and compliance expertise, or even to be acquired by them. The warning follows recent large-scale hacking incidents that exposed procedural vulnerabilities in major DeFi lending platform Aave and interoperability protocol LayerZero.

U.S. President Donald Trump said the United States will not make a premature withdrawal regarding the situation in Iran, stating that such a move would only cause the problem to resurface.

An agreement has been reached on regulations for stablecoin yield provisions, a key sticking point that had stalled U.S. cryptocurrency legislation, Bloomberg reported. The issue centered on whether exchanges could offer customers rewards for holding stablecoins. The banking industry had pushed for a ban, raising concerns that such offerings could trigger an outflow from traditional bank deposits. The new consensus reportedly allows users to continue receiving rewards, albeit with certain limitations.

Whale Alert reported that 3,615 BTC has been transferred from an unknown wallet to Coinbase Institutional. The transaction is valued at about $282 million.

Coinbase has announced the listing of BILL.

Andreessen Horowitz (a16z), a leading Silicon Valley venture capital firm, has voiced its support for the Commodity Futures Trading Commission (CFTC), arguing that state-level regulation of prediction markets could drain liquidity and limit market access. According to The Block, a16z submitted an 18-page comment letter to the CFTC on May 1. In the letter, the firm pointed out that actions by state regulators, such as cease-and-desist orders and proposed bans, create barriers that block users from fair market access. a16z stated that restricting U.S. users from using exchanges based on their state of residence conflicts with CFTC rules on fair market access. The firm also added that blockchain-based prediction markets offer greater transparency than traditional platforms, as the ability to audit on-chain transactions makes them easier for investors and regulators to monitor.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Whale Alert reported that 400 million XRP has been locked in escrow at Ripple.