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Bitmine (BMNR) Chairman and Fundstrat co-founder Tom Lee said the company may slow its pace of Ethereum purchases as it approaches its corporate supply target of 5%, CoinDesk reported. He noted that at its current rate of buying roughly 100,000 ETH per week, the company expects to reach its 5% goal within six weeks and is now considering a slowdown. Lee added that after reaching the target, Bitmine will focus on staking and share buybacks. The company had initially projected that acquiring 5% of the Ethereum supply would take five years, but it has already secured 4.29% in less than one year. Bitmine currently holds over 5.1 million ETH.

Donald Trump Jr. has refuted recent online rumors about the bankruptcy of World Liberty Financial (WLFI). According to CoinDesk, speaking at the Consensus event in Miami, he said that not everything reported by the media is true and that stories are often fabricated or manipulated. He stressed that critics and some media outlets are intentionally spreading misleading narratives about WLFI.

The U.S. Senate Banking Committee is expected to announce a markup schedule for the CLARITY Act as early as tomorrow, according to Eleanor Terrett, host of Crypto in America. The committee has reportedly distributed a draft of the bill to some industry stakeholders ahead of the vote. While the bill's details are still under negotiation, further amendments may be made to reflect Democratic priorities. Terrett added that while the overall mood following a review of the bill and discussions with industry leaders has been positive, concerns remain that some provisions could alter key points previously thought to be settled.

Ethereum's (ETH) share of the total value locked (TVL) in DeFi has fallen below 54%, marking its lowest level since May 2025, according to Unfolded.

The Bitcoin bear market is likely over, according to Tom Lee, Chairman of Bitmine (BMNR) and co-founder of Fundstrat. Speaking at the Consensus 2026 Miami event, he told CoinDesk that Bitcoin is breaking out of the downtrend that saw it fall from $126,000 last October to $60,000 in February. Lee noted that after positive monthly closes in March and April, the cryptocurrency has gained another 5% so far in May. He argued that Bitcoin has never recorded three consecutive monthly gains during a bear market, emphasizing that if BTC closes above $76,000 this month, the bear market will be definitively over.

Nathan McCauley, CEO of crypto custody and banking firm Anchorage Digital, has revealed that numerous financial institutions and major tech companies are preparing to issue their own stablecoins, CoinDesk reported. Speaking at the Consensus conference in Miami, McCauley stated that Anchorage has secured most of the major stablecoin issuance projects following the passage of the stablecoin regulation bill (GENIUS Act). He added that between 12 and 20 institutions and large tech firms are currently working with the company to launch their own stablecoins. McCauley also noted that banks are showing interest in issuing stablecoins to achieve specific financial objectives, while existing stablecoin operators are looking to expand their distribution channels.

The U.S. Treasury Department has demanded that Binance enhance its compliance measures following media reports that Iran is using the exchange to evade American sanctions, The Information reported. Previously, The New York Times and The Wall Street Journal raised allegations that Iran had bypassed U.S. sanctions and financed terrorist groups through Binance. The demand is seen as a follow-up to the major settlement Binance reached with U.S. authorities in 2023. At that time, the exchange agreed to a $4.3 billion fine for anti-money laundering and sanctions violations and pledged to implement an independent compliance monitoring system. The Treasury Department appears to be using the latest allegations to verify Binance's adherence to its obligations under the settlement, demanding a block on Iran-related transactions and stronger internal controls.

CryptoQuant reported that unrealized profits for BTC investors have reached their highest level since June 2025. The firm's analysis indicates that, historically, the likelihood of a price correction has increased in such scenarios as investors move to take profits. This pattern has repeatedly shown that as the margin of unrealized gains expands, so does the sell-side pressure from profit-taking.

The CLARITY Act has the support of 52% of voters, with only 11% opposed, reported Eleanor Terrett, host of Crypto in America. According to a recent poll, the bill is backed by Republican, Democratic, and independent voters alike.

An analysis suggests a deepening concentration of short positions in the BTC futures market, CoinDesk reported. Speaking at the Consensus event in Miami, James Atchison, founder and Chief Investment Officer (CIO) of Caerus Global, explained that BTC funding rates are moving at an annualized rate of -4%. He described this as a rare structure where investors with long positions receive funding fees, reflecting a discrepancy within the derivatives market. Atchison pointed out that even as the price of BTC surpassed $75,000 in April, the funding rate fell to its lowest level since 2023. He added that in the past, similar phenomena have been followed by a medium- to long-term upward trend for BTC.

Strategy is accumulating Bitcoin at a faster pace this year and could purchase around $30 billion worth of the asset if the current trend holds, according to JPMorgan. In a report cited by The Block, the investment bank noted that Strategy has already added approximately 145,834 BTC this year. At this rate, its annualized purchase volume would reach about $30 billion, a significant increase from the roughly $22 billion acquired in both 2024 and 2025. The report suggests Strategy is pursuing a more aggressive buying strategy tailored to market conditions and financing opportunities.

Decentralized cryptocurrency exchange (DEX) Aster (ASTER) has launched its Real-World Asset (RWA) Sprint Season 1, the project announced on X. During the event, taker fees for all RWA perpetual futures trading pairs will be reduced from 4 bp to 0.9 bp, with no maker fees. These changes took effect at 1:00 p.m. UTC on May 7. The first season will run until June 7 and will apply to all future RWA trading pairs listed on the platform. The sprint supports over 30 assets, including commodities like XAU, XAG, and CL; ETFs such as QQQ, EWY, DRAM, and SPY; and stocks including SNDK, MU, INTC, and TSM. Aster added that users can access these various RWA trading pairs directly through their wallets.

Iran has implemented new regulations for passage through the Strait of Hormuz, CNN reported. Under the new rules, vessels must complete a pre-application process to ensure safe passage.

The Canton ETF (TCAN) from crypto asset manager 21Shares has been listed on Nasdaq. 21Shares also acts as a validator and global synchronizer participant within the Canton ecosystem.

According to CoinNess market monitoring, BTC has fallen below $80,000. BTC is trading at $79,959.71 on the Binance USDT market.

Solv Protocol is moving over $700 million in tokenized BTC assets to Chainlink's (LINK) Cross-Chain Interoperability Protocol (CCIP) and will phase out support for its LayerZero (ZRO) bridge. According to CoinDesk, Solv has adopted Chainlink CCIP as its new standard bridge infrastructure, a decision influenced by recent cross-chain security incidents and an internal security review. As a result, LayerZero bridge support will be discontinued on the Corn, Berachain, Rootstock, and TAC networks.

Aave has announced plans to completely overhaul its collateral assessment and listing standards following the recent KelpDAO hack, CoinDesk reported. The protocol will now evaluate all future collateral assets not only on price volatility but also on factors such as cybersecurity, interoperability, and technical architecture. Additionally, Aave will revamp and publish a minimum standards playbook for issuers seeking to list on the protocol. Linda Jeng, Chief Legal and Policy Officer at Aave Labs, stated that while the protocol's existing risk management framework is robust, it has been overly focused on financial risk and volatility. She added that unlike traditional financial crises where governments had to bail out banks, the DeFi ecosystem came together to save itself, and that navigating such a crisis naturally leads to higher standards.

On-chain analyst ZachXBT has accused LAB token founder Boba Sadikov of market manipulation. ZachXBT stated that Sadikov used centralized exchanges to manipulate the market while posting philosophical content on X, leading to losses for retail investors. He has offered a $10,000 bounty for anyone who can provide evidence of the alleged manipulation.

Mantle (MNT) has announced it is phasing out the minting of its liquid restaking token, cmETH. Accordingly, new issuance of cmETH has been suspended as of May 7, while unstaking and bridging functions will continue to be supported for existing users. The operations of other services on the mETH protocol are not affected.

The German government is planning to reform its tax system for Bitcoin and other cryptocurrencies starting in 2027, Cointelegraph reported. Finance Minister Lars Klingbeil announced the policy to change the virtual asset tax method during a press conference on the 2027 budget on April 29. Under current German law, cryptocurrencies sold within one year of acquisition are subject to tax, but capital gains on assets held for more than one year are tax-exempt. This policy has made Germany a leading European country favorable to long-term investors. Cointelegraph noted that while Klingbeil did not directly mention the tax exemption for long-term holdings, industry groups such as the German Bitcoin Association believe the government is highly likely to target the exemption first in its efforts to expand crypto tax revenue.

The total market capitalization of stablecoins rose 1.6% in April to a new all-time high of $321 billion, CoinDesk reported. This marked the third consecutive month of growth for stablecoins, occurring while the broader cryptocurrency market moved sideways. Tether led the market with a capitalization of $190 billion, accounting for more than half of the total stablecoin supply.

A joint proposal to unfreeze approximately $71 million in ETH is expected to pass today, CoinDesk reported. The funds were frozen by the Arbitrum (ARB) Security Council following an exploit of Kelp DAO. The proposal's passage is anticipated to accelerate the recovery of rsETH collateral. Submitted jointly by Aave (AAVE) Labs, Kelp DAO, and LayerZero (ZRO), the measure would allow the DeFi United recovery project to restore a portion of the rsETH collateral. Upon approval, the proposal will advance to the final on-chain governance stage.

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

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

Coinbase has announced the addition of NEX to its listing roadmap.