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Despite the emergence of AI models like Anthropic's Claude Mythos that can automatically detect and exploit security vulnerabilities—a risk to the crypto market highlighted by DL News—75% of institutional investors still view Bitcoin (BTC) as an undervalued asset, according to Coinbase. David Duong, Head of Institutional Research at Coinbase, acknowledged that this type of AI could target weaknesses across protocols, exchanges, and infrastructure. However, he added that while the outlook for the next quarter is neutral, there are early signs of the market forming a bottom. BTC is currently trading at around $77,000, down approximately 40% from its October high.

Eastern Harbor, a fund managed by Chinese investor Duan Bin, has purchased an additional 31,700 shares of Circle. According to a filing, the stake is valued at approximately $3.02 million.

On-chain analyst Ali Martinez has raised the possibility of a further decline in Bitcoin (BTC), noting that its current price structure resembles the bottoming formation seen in 2022, CryptoPotato reported. He analyzed that if BTC faces resistance in the $80,000 to $82,000 range, its price could fall below $55,000. This resistance zone is reportedly concentrated with a significant whale sell wall. BTC has recently shown slowing upward momentum, repeatedly facing resistance around the $79,000 mark. Furthermore, on-chain data indicates that whales have recently transferred over 10,000 BTC, worth approximately $770 million, to exchanges—a move often interpreted as a precursor to selling. This has led to speculation in the market about a potential repeat of a bear market rally pattern, where a temporary rebound is followed by another significant downturn.

The United States could soon decide whether to resume military operations against Iran, an Israeli media outlet reported on May 1. The report comes as Israel is intensifying its preparations for a potential renewed conflict with Iran. According to Israel's Channel 12, Israeli officials are on full alert for the possibility of U.S.-Iran negotiations breaking down as early as next week. Citing a senior Israeli government official, the report added that the U.S. is increasing pressure on Iran over issues related to the Strait of Hormuz and may conduct military strikes against the country's energy facilities and government infrastructure.

Analyst Justin Low suggested today that Japan appears to have conducted a second currency intervention in response to sharp fluctuations in the yen. He explained that a second intervention would be more effective, as speculators caught on the wrong side of the trade would likely move to the sidelines. The dollar-yen exchange rate briefly plunged by 130 to 150 pips, falling back toward yesterday's low of around 155.55 before rebounding. Low noted that the Ministry of Finance's decision to intervene a second time indicates its determination to push the exchange rate below that level at any cost. However, he also pointed out that depleting foreign exchange reserves simply to send a message to the market would be wasteful, even with sufficient holdings. Low added that all current fundamentals are unfavorable for the yen, a fact he believes policymakers are aware of, describing the situation as a "desperate phase" amid the ongoing U.S.-Iran conflict and the continued closure of the Strait of Hormuz.

According to MLM Monitoring, global crypto VC Paradigm has transferred 2.14 million HYPE tokens, worth approximately $86 million, to Coinbase Prime over the past two days.

According to Onchain Lens, 400 BTC worth approximately $30.78 million has been withdrawn from Binance to a newly created wallet.

Digital asset company Bakkt announced it has completed its acquisition of stablecoin infrastructure provider DTR (Distributed Technologies Research). The all-stock transaction involved Bakkt issuing approximately 11.3 million shares to DTR. The CEO of Bakkt stated that the company will build a 24-hour digital payment layer by combining its AI-based payment engine with stablecoin technology, which he said will become a key infrastructure for connecting traditional finance and digital assets. The acquisition, first announced in January, was finalized on an expanded scale. The company's name was also changed to Bakkt Inc. at that time.

According to Kairos Research, leading Silicon Valley venture capital firm Andreessen Horowitz (a16z) has unstaked 4,270 HYPE and transferred 3,875 of them to a specific address. Additionally, approximately 30,000 more HYPE have entered the unstaking process, which is scheduled to be completed around 8:00 p.m. UTC on May 4.

Spot gold fell below $4,600 per ounce, down 0.47% intraday.

BTC perp long/short ratios on top exchanges by open interest 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: 50.02% long, 49.98% short - Binance: 51.21% long, 48.79% short - OKX: 49.83% long, 50.17% short - Bybit: 50.88% long, 49.12% short

CryptoQuant has warned of a potential medium-term decline for Bitcoin, noting that its April rally was driven by futures demand while spot demand fell, Cointelegraph reported. Although BTC gained around 20% in April, rising from $66,000 to $79,000, the analytics firm described the divergence between rising prices and falling spot demand as a signal of a speculative rally. CryptoQuant pointed out that this market structure resembles the beginning of the 2022 bear market, which led to a sustained downturn. The firm's Bull Score index also dropped from 50 to 40 despite the price increase, a pattern it said is historically similar to periods of prolonged bearish activity.

In the first quarter of 2026, the market share of decentralized exchanges (DEXs) in spot trading relative to centralized exchanges (CEXs) rose to 27.4%, an increase of 270 basis points from the previous quarter, BeInCrypto reported, citing a report from ARK Invest. During the same period, overall DEX trading volume fell by 26% to $832 billion, ending a five-quarter streak of growth. The decline was driven by a general contraction in trading, including a 32% drop in memecoin volume and a 58% decrease in project token volume. However, stablecoin swap transactions edged up by 0.7% to $185 billion, while trading in tokenized assets surged by approximately 83% to $4.6 billion. ARK Invest noted that the growth in DEX market share, despite the fall in trading volume, suggests a structural shift toward decentralized trading. By protocol, Uniswap reclaimed the top position with $231 billion in volume, followed by PancakeSwap with $138 billion.

ECB Governing Council member Müller said the likelihood of an interest rate hike from the bank is growing. He added that the trend of energy prices remaining at high levels is becoming increasingly apparent.

SBI Holdings has entered into negotiations with Japanese cryptocurrency exchange Bitbank for a potential capital and business alliance, including an equity acquisition, Blockbeats reported. The company is considering making Bitbank a subsidiary, pending due diligence and internal procedures, though the specific timing and method of the acquisition have not yet been finalized. This move follows SBI's acquisition of Bitpoint Japan in April 2026 through its subsidiary SBI VC Trade, as part of its ongoing industry consolidation efforts. Bitbank had previously planned to list on the Tokyo Stock Exchange in 2025, but it remains unclear how these negotiations will affect its IPO plans.

Spot trading volume for tokenized gold reached $90.7 billion in the first quarter of 2026, already exceeding the total annual volume of $84.6 billion recorded in 2025, according to a report by CoinGecko. The report noted that centralized exchanges (CEXs) processed the majority of these trades, with on-chain demand for gold growing amid rising prices for the precious metal. The tokenized gold market is dominated by PAXG and XAUT, which together accounted for 89.1% of the total growth in commodity-based real-world assets (RWAs). By market capitalization, XAUT is valued at $2.52 billion, while PAXG stands at $2.32 billion.

Bitmine staked an additional 162,088 ETH, worth $366 million, approximately eight hours ago, Lookonchain reported. The company is now staking a total of 4,194,029 ETH.

The spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot pair. The top section displays a Volume Heatmap, while the bottom shows the CVD. - The Volume Heatmap tracks trading volume at specific price levels. The background brightens when the price lingers in a range or moves significantly, with these brighter areas potentially acting as support or resistance. - The CVD indicator represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

U.S. spot Ethereum ETFs experienced net outflows of approximately $23.7 million on April 30, according to data from Farside Investors. This marks the fourth consecutive day of net outflows. - BlackRock's ETHA: -$50.6 million - BlackRock's Staking ETHB: +$29.1 million - Fidelity's FETH: -$1.1 million - Bitwise's ETHW: -$3.6 million - Grayscale's ETHE: -$2.2 million - Grayscale's Mini ETH: +$4.7 million

U.S. spot Bitcoin ETFs recorded a net inflow of approximately $23.5 million on April 30, according to data from Farside Investors. This marks a return to net inflows, ending a three-day streak of net outflows. - BlackRock's IBIT: +$19.1 million - Fidelity's FBTC: +$26.6 million - Bitwise's BITB: -$2.9 million - Ark Invest's ARKB: -$6.3 million - Invesco's BTCO: -$4.9 million - VanEck's HODL: -$2.2 million - Grayscale's GBTC: -$5.9 million

The market for tokenized real-world assets (RWAs) has grown by over 420% since 2025 to reach approximately $30.2 billion. Tokenized U.S. Treasurys have spearheaded this growth, surging from $3.9 billion to over $15 billion. An analyst explained that tokenized Treasurys allow investors to receive yields from U.S. government bonds directly on the blockchain, bypassing traditional intermediaries like banks and securities firms. "The key for institutions is the ability to manage stable, dollar-denominated returns on-chain in a regulatory-compliant manner," the analyst said. This signifies a shift for blockchain from being merely an investment tool to serving as an infrastructure for managing institutional capital, the analyst added, noting that the market is expanding even more rapidly with the recent tokenization of commodities like gold.

Tron (TRX) founder Justin Sun highlighted the growing adoption of digital asset payments, describing crypto cards as the next step in payment infrastructure rather than a simple trend. He stated that stablecoins have already expanded into daily payments, and the next step is to achieve full integration with payment systems to ensure accessibility. Market data indicates that crypto card payment volume has surged by around 500% since September 2024, reaching its current level of $600 million per month. This growth is seen in the market as a sign that stablecoin-based payments are rapidly expanding into real-world applications.

Evidence has emerged of a large-scale fund drain affecting hundreds of Ethereum addresses, including wallets that had been dormant for over seven years. According to community reports, withdrawals from these wallets to a single address began yesterday. An official from the Aragon team also confirmed that funds were transferred from their wallet for no apparent reason. While the exact cause remains unconfirmed, speculation points to a possible past leak of mnemonic phrases or private keys, or issues related to old token approvals.

According to data from CoinGlass, while Bitcoin (BTC) closed out April with a gain of approximately 11.87%, historical data shows that May has more often been a positive month. BTC has recorded seven winning months and six losing months in May, with an average return of 7.61%. Meanwhile, Ethereum (ETH) has historically outperformed BTC during the same period, with a record of seven wins and three losses and an average return of 28.45%. In some years, including 2016, 2017, 2019, and 2025, ETH has surged by more than 40% in May.

According to CoinNess market monitoring, BTC has risen above $77,000. BTC is trading at $77,138.48 on the Binance USDT market.