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According to WisdomTree's BiG (Bitcoin in Gold) model, the current Bitcoin-to-gold ratio stands at 15.6, which is 26% below the model's fair value estimate of 21.1, CoinDesk reported. The analysis suggests that Bitcoin has the potential for a stronger rally than gold during periods of declining real yields or expanding liquidity.

BlackRock Chief Operating Officer (COO) Rob Goldstein said demand for cryptocurrency has exceeded the firm's expectations, Foresight News reported. Speaking during a Binance online stream, Goldstein discussed the market's reaction to the launch of its BTC ETF, IBIT, and outlined future strategies. He noted that global demand for IBIT was stronger than anticipated, viewing it not as mere speculative fervor but as a new value proposition based on emerging technology. Goldstein also predicted that the tokenization of capital market tools is still in its infancy and that future growth will be measured in multiples rather than percentages. He added that AI agents will eventually transact directly via digital rails, or blockchain infrastructure, instead of logging into traditional bank accounts. The biggest current obstacle, he pointed out, is a lack of investor education on the technical aspects of virtual assets and how to allocate them efficiently within a portfolio.

Major exchanges have seen $108 million worth of futures liquidated in the past hour. In the past 24 hours, $383 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $79,000. BTC is trading at $78,990.01 on the Binance USDT market.

Veteran trader Peter Brandt has analyzed that the recent Bitcoin rally is merely a technical rebound within a classic downward channel, U.Today reported. Brandt emphasized three times that a bottom pattern for Bitcoin has not yet formed. He is focusing on a potential downward channel that began with the low in February, predicting that the price will fall back toward the lower boundary after hitting the top of the channel.

The U.S. House Financial Services Committee is considering a bill to amend the Federal Reserve Act, which would eliminate the Fed's dual mandate of maximum employment and price stability in favor of a single mandate focused only on price stability, according to Nick Timiraos of The Wall Street Journal. The proposed legislation would amend Section 2A of the act by removing the phrase "maximum employment, stable prices," leaving only "stable prices." Timiraos noted that it is worth considering whether the Fed would have cut interest rates last year if the bill had already been law.

The unrealized profit margin for Bitcoin traders has reached 17.7%, its highest level since June 2025, CryptoQuant reported. The analytics firm added that the last time this profit margin was reached while Bitcoin tested its 200-day moving average was in March 2022, immediately preceding a resumption of the market's downtrend.

BitMEX founder Arthur Hayes has recommended buying Bitcoin on dips around the $80,000 level, according to Crypto Briefing. Hayes views the recent downturn as a shakeout of retail investors driven by macroeconomic pressures, asserting that the long-term upward trend remains intact. He predicted that while BTC is facing pressure from shocks in U.S. CPI and PPI data, soaring Treasury yields will compel the Trump administration to expedite a trade agreement with China. While acknowledging the possibility of a short-term correction to $70,000, Hayes added that the price could target $250,000 if the Fed implements quantitative easing (QE).

Susan Collins, president of the Federal Reserve Bank of Boston, said that it may be necessary to raise interest rates to ease inflationary pressures.

The Ethena network has recorded its largest growth in three months, with new wallet creation reaching a three-month high, according to Santiment. Additionally, ENA whale activity has climbed to its highest level in five weeks.

Animoca Brands and Nuva Labs have officially launched NUVA, an Ethereum-based marketplace they jointly developed, CoinDesk reported. The platform connects $19 billion in real-world asset (RWA) tokens from Figure Technologies, issued on the Provenance blockchain, to the Ethereum DeFi market.

U.S. senators have submitted over 100 amendments ahead of the Senate Banking Committee's markup session for the Clarity Act scheduled for tomorrow, Eleanor Terrett reported. Several of these amendments could negatively impact the decentralized finance (DeFi) sector, including proposals to expand software developer liability, regulate DeFi front-ends, and extend Anti-Money Laundering (AML) obligations. In response, the DeFi Education Fund (DEF) is urging emergency lobbying efforts, as the legislation's outcome could pose an existential threat to the U.S. DeFi ecosystem.

Coinbase announced in its first-quarter Ethereum validator report that it currently has 4.5 million ETH staked, accounting for 12.17% of the total staked supply. The company added that it continues to uphold its commitment to keep its validator share on the Ethereum network under 30%.

Cryptocurrency hardware wallet maker Ledger has put its U.S. initial public offering (IPO) plans on hold, CoinDesk reported. The decision is attributed to weakened investor sentiment amid recent market volatility. For instance, BitGo, which went public earlier this year, is now trading 36% below its offering price. Kraken has also suspended its plans for a public listing.

Evernorth Holdings, a firm founded by a former Ripple executive, has been profitable for only two weeks since implementing its XRP accumulation strategy, U.Today reported. The company is now facing an unrealized loss of approximately $389 million. Evernorth purchased about $950 million worth of XRP in the fall of 2025 at an average price of $2.44 per coin, but the market entered a sharp downturn shortly after.

Morgan Stanley purchased 395.6 BTC, worth $25.81 million, over the past 24 hours, according to Onchain Lens. The firm now holds a total of 3,389 BTC.

Digital asset infrastructure firm Fireblocks has partnered with Iagon, an enterprise-grade node service for the Cardano (ADA) ecosystem, Crypto Briefing reported. The collaboration will allow institutional investors to directly engage in advanced financial activities, including ADA staking, on-chain governance voting, and native token management, all within Fireblocks' secure environment.

Michael Shaulov, CEO of crypto infrastructure firm Fireblocks, has dismissed concerns that quantum computers pose a technical threat to Bitcoin, Decrypt reported. He argued that transitioning to quantum-resistant cryptography is less a technical challenge and more a matter of ecosystem cooperation and coordination. Shaulov identified the real barriers to institutional adoption as issues like North Korean hacking and privacy. He explained that the key is collective effort, noting that Bitcoin has successfully changed its signature scheme in the past, which demonstrates the network's ability to coordinate on large-scale updates.

A dedicated market for Ethena has opened on Jupiter Lend, the lending platform of Solana-based decentralized exchange Jupiter. According to Ethena, the new market features an infrastructure designed for institutional investors, with Bitwise handling on-chain asset management and risk oversight. Jupiter Lend users can now deposit USDe, use it as collateral for loans, and execute leveraged strategies with USDe on the Solana network.

Grupo Salinas, owned by Mexican billionaire and noted Bitcoin advocate Ricardo Salinas Pliego, has partnered with U.S. crypto bank Anchorage Digital to accelerate cross-border payments using stablecoins, The Block reported. Anchorage Digital stated it will provide Grupo Salinas with dollar stablecoin rails, aiming to significantly improve the speed of international settlements.

The International Monetary Fund (IMF) has warned of a potential global recession if high oil prices persist. IMF Managing Director Kristalina Georgieva predicted that the world economy could enter a technical recession if oil prices remain between $120 and $130 per barrel through 2027.

Hong Kong-based Web3 service and incubation firm Web3Labs Global has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC), Foresight News reported. The company plans to raise up to $28 million through the listing to expand its Web3 hubs across Asia.

Fidelity International is launching its first tokenized fund, FILQ, on the Chainlink network, according to an announcement from Chainlink. The fund will provide on-chain net asset value (NAV) and distribution data.

Transit Finance has announced plans to fully compensate all users affected by a recent hack. The company explained that the incident stemmed from an exploited vulnerability in an early, TRON-based version of its smart contract that was deprecated after 2022, affecting a portion of its user base. Transit Finance stated it responded immediately upon discovering the issue and completed additional reviews and recovery measures yesterday, May 12. No action is required from users, and the current smart contract version remains unaffected, the company added. The announcement follows a report from blockchain security firm PeckShield, which had identified a hack of approximately $1.88 million from the protocol. PeckShield noted the stolen funds were being held as DAI in an address starting with 0x8a6.

An analysis suggests that demand for Strategy's perpetual preferred stock, STRC, is creating a predictable mid-month surge in Bitcoin (BTC) demand that influences its price. According to The Block, Vetle Lunde, head of research at K33, explained that while STRC pays dividends at the end of each month, the shareholder record date is the 15th. This prompts investors to buy STRC ahead of the dividend payment, causing its price to recover to its $100 par value. Strategy then issues additional shares through an at-the-market (ATM) program, using the proceeds to purchase BTC. Lunde noted that this pattern showed signs of re-emerging on May 11, when STRC's price returned to $100 and its trading volume hit the highest level since April 15. However, Lunde also pointed out that STRC's recovery to its par value has been slower this month, with additional purchases through this mechanism amounting to only one BTC, which could signal stagnating demand.