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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: 50.14% long, 49.86% short - Binance: 53.5% long, 46.5% short - OKX: 54.55% long, 45.45% short - Bybit: 53.43% long, 46.57% short

Bitcoin (BTC) may not fall below $60,000 again, U.Today reported. The analysis is based on Bitcoin's 200-week moving average (200WMA) officially surpassing the $60,000 mark. Historically, this indicator has acted as a key support for the price floor, except in extreme bear markets, suggesting a structural rise in the baseline. Separately, anonymous crypto trader DonAlt, who has approximately 710,000 followers on X, suggested that a breakout above $87,000 for BTC would trigger a strong bullish reversal across the broader market.

The U.S. Commodity Futures Trading Commission (CFTC) has received more than 1,500 comment letters on its proposed regulations for prediction markets, Cointelegraph reported. The comment period pertains to rules proposed by the CFTC in March that would allow for modifying existing regulations or introducing new ones for event contracts within these markets. In a letter, Kalshi co-founder Luana Lopes Lara stated that the current regulations are effectively designed and that the CFTC should provide clear guidelines to allow event contracts to continue trading. In contrast, Kevin O'Toole, Executive Director of the Pennsylvania Gaming Control Board, expressed a dissenting view, arguing that prediction market platforms are effectively operating like sports betting in a regulatory blind spot.

Jin Sung-joon, a Democratic Party lawmaker and chairman of the National Assembly's Special Committee on Budget and Accounts, has reiterated his position that virtual assets should be taxed starting in 2027 as scheduled, Digital Asset reported. Jin is a prominent advocate for implementing the tax. During a May 4 appearance on the MTN News program "Yeouido Crossroads," he affirmed his support for proceeding with the tax plan. This follows his previous calls for taxation at the end of 2024, when he served as the Democratic Party's policy committee chairman. At the time, Jin argued that it would be irresponsible to delay the tax again without a compelling reason and suggested raising the deduction limit to 50 million won to target large-scale asset holders.

Veteran trader Peter Brandt predicted that Bitcoin (BTC) could reach approximately $250,000 by 2029, CoinDesk reported. He suggested the market bottom is likely to form in September or October of this year. Brandt noted that while BTC does not necessarily have to retest its recent lows, a period of sideways trading or a further decline could follow any rebound. In a worst-case scenario, he said a return to the $40,000-$50,000 range is possible. However, Brandt added that he would revise his forecast if the price action deviates from previous halving cycles.

Dogecoin (DOGE) has recovered its upward momentum after a prolonged period of sideways movement, CoinDesk reported. According to the outlet, DOGE rose from $0.1075 to $0.1119, establishing a pattern of higher lows and breaking through the key resistance level of $0.109. The increase was characterized by a surge in trading volume over a short period rather than a gradual trend. The price is currently holding around $0.111, and whether this level can be maintained as support is considered crucial.

Bitcoin's ongoing rally is being sustained by leverage demand, indicating a continued lack of market confidence, CoinDesk reported. The outlet noted that last month, BTC's price increase was driven by futures demand while spot demand declined. This divergence has historically created a fragile environment where price rallies are prone to reversal. While there is still potential for further gains, the market could react sensitively to a slowdown in capital inflows or a shift in positioning. CoinDesk pointed out that in the past, similar conditions have more often led to sharp downturns rather than sustained upward trends.

Swell Network (SWELL) announced that it burned a total of 859.9 million SWELL tokens in April. This represents 8.6% of the total supply.

The KOSPI index broke the 6,900 mark for the first time in its history during intraday trading, continuing to set new all-time highs. The index is currently trading at 6,901.02, up 4.58% from the previous trading day.

The term 'stablecoin' is outdated and in need of a change, Cointelegraph reported. Robert Hackett, head of crypto projects at a16z, argued that the name is merely a legacy from the early days of cryptocurrency. He stated that it was a defensive term created to emphasize its value peg to fiat currencies amid extreme volatility, but now that stability is a given, the focus has shifted to what can be done with the technology. John Palmer, president of CBOE Digital, agreed, calling the name "overly passive" and adding that the technology has the potential to expand the influence of cryptocurrency more than tenfold. The stablecoin market is currently valued at around $321 billion and is seeing gradual adoption. Hackett added that while alternative terms like "digital cash" or "programmable cash" have been proposed, they lack impact, and he suggested that stablecoins may eventually be referred to simply as "money" without a special designation.

Lyra (LIT), a decentralized perpetual futures exchange (Perp DEX), has released the second version (V2) of its mobile app, the project announced via its official X account. The new version features improvements to the interface and speed and is available for both Android and iOS.

An anonymous whale address starting with 0x55e deposited 6,200 ETH, worth $14.54 million, to Binance over the past 24 hours, on-chain analyst ai_9684xtpa reported via X. Deposits to exchanges are typically interpreted as an intention to sell. The average price at the time of the deposit was $2,346.

Ali Nikzad, Deputy Speaker of the Iranian Parliament, stated in an interview on May 2 from the coast of the Strait of Hormuz that the strait will not return to its pre-war condition and that Iran will not retreat from its position on the waterway. Nikzad added that the parliament is scheduled to approve a bill on the management of the Strait of Hormuz. He outlined its main provisions, which include: - A permanent ban on Israeli vessels transiting the waterway - A requirement for ships from nations deemed hostile to pay war reparations - A mandate for all other vessels to obtain prior permission from Iran to pass

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $133.10 million liquidated (94.87% shorts) - ETH: $79.41 million liquidated (85.59% shorts) - ZEC: $11.03 million liquidated (93.55% shorts)

According to CoinNess market monitoring, BTC has risen above $80,000. BTC is trading at $80,160.64 on the Binance USDT market.

Bybit announced via its official X account that it will list Billions (BILL) for spot trading.

Large institutions are holding net long positions in Bitcoin, according to data from the U.S. Commodity Futures Trading Commission's (CFTC) weekly Commitment of Traders (COT) report, Tom McClellan, editor of the McClellan Market Report, said on X. He explained that while commercial traders who produce, hold, or consume an actual commodity typically lead most futures markets, the Bitcoin market is driven by non-commercial traders such as hedge funds and asset managers. McClellan added that, unlike late last year, these non-commercial traders now hold substantial net long positions.

According to Onchain Lens, a Hyperliquid whale (pension-usdt.eth, starting with 0x0ddf) is facing over $16 million in unrealized losses on 3x short positions in BTC and ETH amid rising market prices. The whale, who had previously drawn market attention for a win rate exceeding 80% on Hyperliquid, reportedly opened a total of $110 million in 3x BTC and ETH short positions early last month.

An amendment to South Korea's Foreign Exchange Transactions Act that brings virtual asset service providers (VASPs), including crypto exchanges, under its regulatory scope has passed the Finance and Economy Committee. The bill mandates that any business wishing to offer 'virtual asset transfer services' must register with the Minister of Finance and Economy, establishing a formal monitoring system. It also provides a legal basis for revoking the registration of specialized foreign exchange business operators. The newly defined 'virtual asset transfer services' refer to the transfer of virtual assets between South Korea and other countries through activities such as buying, selling, exchanging, or other actions to be specified by a presidential decree.

Major exchanges have seen $106 million worth of futures liquidated in the past hour. In the past 24 hours, $256 million worth of futures have been liquidated.

Bitcoin could surpass $80,000 driven by buying pressure from Strategy's preferred stock product, STRC, cryptocurrency analyst Taiki Maeda said on X. He expects STRC to purchase between $2 billion and $3 billion worth of BTC over the next two weeks, with buying to begin this week and accelerate from May 14. Maeda added that many investors have already capitulated and sold at the bottom, leaving no significant selling pressure to drive the price down. BTC briefly surpassed $80,000 around 2:00 a.m. UTC today for the first time in approximately three months.

Bithumb announced it will temporarily suspend deposits and withdrawals for Babylon (BABY) starting at 10:00 a.m. UTC on May 5 to support the token's network upgrade.

Bitcoin has surpassed the $80,000 mark for the first time in about three months, a level not seen since Feb. 1. The cryptocurrency is currently trading at $79,822 on the Binance BTC/USDT pair.

AI payment infrastructure firm TokenSquare has launched KRWQ, a won (KRW) stablecoin infrastructure, in the South Korean market, ZDNet reported on May 4. The launch follows a strategic partnership with the Switzerland-based BSV Association. The two entities signed a memorandum of understanding (MOU) in June 2025 and have since collaborated on technical verification, node operation structure, and commercialization plans for the KRWQ infrastructure.

Ethereum whales have purchased $322 million worth of ETH in the past 48 hours, crypto news service BSCN reported. The outlet noted that this buying pressure coincides with a record increase in staking demand. Currently, about 3.48 million ETH, valued at around $8 billion, is in the staking queue, while only 441,000 ETH is queued for withdrawal. BSCN assessed that this indicates accumulation by long-term investors and that the combination of buying from whales and Bitmine (BMNR) and the growing staking queue has created the most positive supply-demand structure for ETH in recent months.