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BitMEX co-founder Arthur Hayes has set a price target for ZEC at one-tenth of BTC's price, or approximately $8,193, stating that the token still has significant room for growth. With ZEC currently trading at $571.9, the token would need to surge by about 1332.6% to reach Hayes' target.

According to CoinNess market monitoring, BTC has risen above $82,000. BTC is trading at $82,000 on the Binance USDT market.

Global government bond yields and the U.S. dollar fell in tandem today amid growing expectations for an easing of tensions in the Middle East. Axios reported that the United States and Iran are nearing an agreement on a one-page memorandum of understanding (MOU) to end the war, which also triggered a sharp drop in oil prices. Bas Kooijman of Dutch asset manager DHF Capital analyzed that the decline in oil prices could ease inflation concerns and lead to a drop in U.S. Treasury yields. The U.S. 10-year Treasury yield fell 6.4 basis points to 4.351%, Germany's 10-year bond yield dropped 8.5 bp to 2.991%, and the UK's 10-year yield fell 11 bp to 4.958%.

Brent crude oil fell below $101 per barrel, marking its lowest level since April 27. The intraday drop reached 7.40%.

Robert Kiyosaki, author of 'Rich Dad Poor Dad,' stated on X that he has recommended assets like gold, silver, Bitcoin (BTC), and Ethereum (ETH) for years as the foundation for Baby Boomers' future plans. He urged them to use these assets to prepare for a global economic crisis. Kiyosaki noted that the retirement of the Baby Boomer generation is now imminent, with many facing financial difficulties that could leave them on the streets. He added, however, that it is not necessary to follow a complicated path to enjoy a wealthy and happy retirement.

According to U.S. media outlet Axios, a draft agreement between the United States and Iran is expected to include provisions for Iran to halt its nuclear enrichment activities, for the U.S. to lift sanctions and unfreeze billions of dollars in Iranian assets, and for both sides to lift restrictions on passage through the Strait of Hormuz.

Crypto analyst Michaël van de Poppe has forecast a high probability that Bitcoin (BTC) will continue its ascent to $90,000 in the short term. He noted that BTC has recently shown sustained bullish momentum, adding that intermittent periods of consolidation and correction are healthier for the market than uninterrupted surges. Van de Poppe also pointed to continued inflows into spot ETFs, suggesting the supply-and-demand driven rally is likely to persist. He concluded that if this upward trend continues, BTC could soon reach the $90,000 level, which corresponds to its 50-week moving average (MA).

Stable has announced it will conduct its mainnet v1.3.0 upgrade on May 13. The upgrade focuses on enhancing security and improving network consistency. It is not backward-compatible, and node operators are required to upgrade by the specified deadline.

DePIN tokens are rallying across the board, according to CoinNess market monitoring. Over the past 24 hours, IO has surged more than 69% to trade at $0.2008, STORJ is up over 30% at $0.1311, OVPP has risen more than 22% to $0.019, HONEY is up 22% at $0.00235, and FIL has gained 13% to $1.08.

XRP could soon experience significant volatility after trading sideways for approximately three months, according to one analyst. Crypto analyst Dom stated on X that XRP has been in a prolonged period of range-bound movement within a key price zone, suggesting a directional move is likely in the near future, U.Today reported. He explained that a strong upward trend could develop if XRP successfully secures a position above $1.47. However, Dom added that this would require a broader market bull run, noting that XRP's momentum could improve if Bitcoin (BTC) manages to break through its $82,000 resistance level.

Digital asset infrastructure firm Taurus has secured a Markets in Financial Instruments Directive II (MiFID II) license from the Cyprus Securities and Exchange Commission (CySEC), CoinDesk reported. The license enables Taurus to provide investment services for tokenized financial instruments to banks and asset managers across Europe. The company will also support secondary trading services for assets including tokenized bonds, fund shares, equities, and structured products.

Crypto prime broker FalconX announced through official channels a partnership with Kalshi to support prediction market services for institutional investors. Through the partnership, the two companies plan to provide institutional clients with structured derivatives and block trade services for event-based markets.

While Bitcoin (BTC) continues to dominate the market, early signs of stabilization are appearing in the altcoin sector, on-chain analyst Darkfost noted in a CryptoQuant contribution. Bitcoin recently surpassed $81,000, a roughly 36% increase from its February low, with its market share climbing above 61.3% to its highest level since November 2025. Despite market funds remaining concentrated in BTC, several indicators point to a potential shift. The total market capitalization of altcoins excluding ETH (TOTAL3) rose by approximately 15% over the same period. Additionally, the proportion of altcoins on Binance that have reclaimed their 200-day moving average has increased from 2.3% to 11.7%. The share of altcoin trading volume on Binance relative to BTC and ETH has also grown from 31% to 49%, signaling a potential recovery in investor interest. Analysts view these developments as initial signals of capital rotation, although they do not yet constitute a strong altseason.

Jeong Eun-bo, chairman of the Korea Exchange, announced plans to introduce digital asset-based derivatives to establish the city of Busan as a global hub for the derivatives market, The Korea Economic Daily reported. Speaking at a ceremony in Busan on May 6 celebrating the 30th anniversary of the derivatives market, Jeong said the exchange would actively pursue the introduction of such products. He added that the exchange aims to attract international conferences to solidify Busan's position as South Korea's leading financial center for derivatives.

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: 50.36% long, 49.64% short - Binance: 53.54% long, 46.46% short - OKX: 51.89% long, 48.11% short - Bybit: 50.46% long, 49.54% short

A bill to apply foreign exchange regulations to South Korean virtual asset service providers, including crypto exchanges, has passed the National Assembly's Legislation and Judiciary Committee. Digital Asset reported that the committee approved the amendment to the Foreign Exchange Transactions Act during a plenary meeting today with revisions suggested by professional members. The bill now awaits a final vote in a plenary session. The earliest possible session is scheduled for tomorrow, May 7, as the ruling and opposition parties are currently discussing which bills to bring to the floor.

Whale Alert reported that 225,860,006 USDT has been transferred from an unknown wallet to Bitfinex. The transaction is valued at about $226 million.

Whale Alert reported that 225,860,006 USDT has been transferred from Kraken to an unknown wallet. The transaction is valued at about $226 million.

Binance CEO Richard Teng announced via X that the cumulative payment volume for its service, Binance Pay, has surpassed $280 billion. He added that since its launch in 2021, Binance Pay has expanded its reach in both online and offline payments globally and plans to extend its QR-based payment service to more than 10 countries by the third quarter of this year.

An anonymous whale address starting with 0x0a8 just withdrew 9,288 ETH, worth $21.94 million, from Bybit, Onchain Lens reported via X. Withdrawals from exchanges are typically interpreted as a sign of intent to hold. The address now holds a total of 27,098 ETH, valued at $64 million.

Crypto analyst Murphy (@Murphychen888) suggested on X that Bitcoin (BTC) is moving out of its bear market, pointing to the Net Realized Profit/Loss (NRPL) indicator recovering above zero. An NRPL reading above zero indicates that overall realized profits in the market are exceeding realized losses, while a reading below zero suggests investors are selling at a loss. Murphy referenced a historical three-stage cycle: a deepening bear market, the end of capitulation, and a transition from bear to bull market. He explained that the current market's behavior is similar to the transition phase that follows a deep bear market. He added that this cycle is notable because the NRPL has recovered quickly without an extreme capitulation phase. Additionally, the BTC price has broken through the STH-RP and TMMP resistance levels.

DeepBook Protocol (DEEP), a dApp in the Sui (SUI) layer-1 blockchain ecosystem, has announced the testnet launch of DeepBook Predict, its on-chain options and prediction market infrastructure. Predict is an options primitive that can be combined with DeepBook's spot and margin features, supporting the creation of binary markets, call and put options, leveraged products, and structured products. DeepBook explained that it has implemented an institutional-grade options pricing model on-chain through an options oracle developed in collaboration with Block Scholes. The protocol added that Predict integrates with its margin function to enable leveraged positions and supports transaction finality under 400ms on the Sui network. "The on-chain options market TVL is currently around $100 million, which is still an early stage," DeepBook stated, adding that "Predict will accelerate the expansion of DeFi options infrastructure."

LayerZero CEO Bryan Pellegrino has refuted claims from KelpDAO regarding a recent rsETH security incident. Citing on-chain records, Pellegrino stated on X that KelpDAO itself changed the rsETH cross-chain configuration from the default multi-DVN structure to a 1:1 single DVN mode in April 2024. He explained that LayerZero's official documentation warns against using this setting in a live environment and that the team has consistently recommended a more secure multisig structure. Pellegrino added that most related transactions during the period the 1:1 structure was active originated from rsETH. He is now awaiting a final audit report from an external security firm.

Lawyers for the victims of the KelpDAO hack are shifting their legal strategy to seize $71 million in frozen ETH, CoinDesk reported. In a court filing, they argued the incident was not a simple theft but a loan based on collateral fraud, asserting that assets obtained fraudulently can still be legally owned. The lawyers explained that the North Korea-linked Lazarus Group allegedly secured a loan of real ETH using worthless rsETH as collateral. They emphasized that under the U.S. Terrorism Risk Insurance Act (TRIA), assets linked to North Korea can be seized. Previously, Aave had requested the freeze be lifted, arguing that temporary possession of stolen assets does not confer ownership and that the funds belong to the victims, not the perpetrators.

The U.S. Federal Reserve is unlikely to pursue additional interest rate hikes, according to an analysis by Jim Smigiel, an analyst at the Nasdaq-listed financial services firm SEI (SEIC). He explained that the Fed, with its dual mandate of price stability and full employment, must consider the potential negative impact of rate hikes on the economy and the labor market. In contrast, Smigiel noted that some other global central banks, such as the ECB, are more focused on price stability, making further tightening relatively more likely. However, he added that central banks in other major economies are likely to largely follow the Fed's policy path due to concerns about exchange rate and capital market instability.