PANews reported on May 2 that according to MarketWatch, U.S. Treasuries suffered a sharp sell-off earlier this month, and Bitcoin has shown relative strength against U.S. stocks and the U.S. dollar in the past few weeks, but Nationwide Financial chief market strategist Mark Hackett believes that this does not mean that Bitcoin has suddenly joined the ranks of traditional safe-haven assets, or has become a store of value or defensive asset. Gold is obviously a defensive asset, while Bitcoin is more of a risk-seeking asset rather than a safe-haven asset. Until recently, it has changed. It is "too early" for Bitcoin bulls to claim that it has become a means of storing value, but this trend is worth paying attention to.

PANews reported on May 2 that according to The Block, the U.S. GDP in the first quarter of 2025 fell by an annualized 0.3%, the first negative growth since 2022. BRN chief research analyst Valentin Fournier pointed out that slowing economic growth and cooling inflation may prompt the Federal Reserve to adopt a more dovish monetary policy stance, providing support for risky assets such as Bitcoin. The current bullish price trend is the main demand driver. A new round of liquidity injection may lead to alternative risk assets such as cryptocurrencies benefiting more than stocks, as stocks may struggle in the event of an economic slowdown.

PANews reported on May 2 that according to CNBC, Mathew McDermott, global head of digital assets at Goldman Sachs, said at TOKEN2049 that it will expand digital asset trading activities, explore crypto lending, and bet heavily on tokenization. Mathew McDermott believes that more and more Goldman Sachs clients are eager to participate more actively in digital asset trading, and Goldman Sachs will focus on business implementation.

According to the official announcement, Binance Futures will launch pre-market trading of SXTUSDT perpetual contracts at 16:30 (ET8) on May 2, with a maximum leverage of 5 times.

The Ethereum spot ETF with the largest single-day net inflow yesterday was the Grayscale Ethereum Mini Trust ETF ETH, with a single-day net inflow of US$11.984 million. The current total net inflow of ETH in history has reached US$617 million.

The Bitcoin spot ETF with the largest single-day net inflow yesterday was Blackrock ETF IBIT, with a single-day net inflow of US$351 million. Currently, IBIT's total historical net inflow has reached US$43.006 billion.

Movement tweeted that it has confirmed that co-founder Rushi Manche has been suspended from Movement Labs. This decision is based on current events and Groom Lake is still undergoing a third-party review of organizational governance and recent events involving market makers.

According to the monitoring of on-chain analyst @ai_9684xtpa, the top 5 whales on the TRUMP dinner list recharged all 126,000 TRUMP into Bybit 11 hours ago, with a value of US$1.65 million; the proposed price was US$9.71 and the recharge price was US$13.02. If sold, the profit will be US$420,000.

According to Onchain Lens, a whale deposited the last 2,680 ETH (worth $4.93 million) into Kraken after staking for two years, but still faced a loss of about $255,000. The whale initially staked 4,889 ETH (worth $9.14 million) and received a reward of 291 ETH. A total of 5,180 ETH (US$8.88 million) was returned, resulting in a net loss.

According to an official announcement, Japanese listed company Metaplanet will issue 3.6 billion yen (about 24.69 million US dollars) of zero-interest ordinary bonds to purchase Bitcoin.

According to The Data Nerd, 10 minutes ago, whale user 0xaDd recharged 3,000 ETH (worth $5.53 million) to Kraken. These ETH were purchased during the ICO and had been idle for 3 years before the recharge. Currently, the whale still has 2,000 ETH (about $3.69 million) in his wallet.

Two Prime claims that as an algorithmic trading company, it values data rather than narrative. The data shows that ETH has changed fundamentally. Its correlation with BTC has decreased, and its tail risk has increased significantly. Now, its trading style is more like a meme coin than a predictable asset. Even during the turbulent first quarter of 2025, Bitcoin maintained its fundamental trend, while ETH experienced multiple standard deviation fluctuations. This stems from the risk-averse environment and the widespread selling of long-term ETH holders. This is troublesome for both algorithmic trading and ETH-backed lending, because the performance of the asset is no longer predictable, even taking into account the high volatility expectations in the digital asset market.

According to people familiar with the matter, French Hill, chairman of the House Financial Services Committee, and others are expected to release a draft regulation on cryptocurrencies before a hearing on May 6 (local time). The hearing will be held at 10 am Eastern Time on the 6th, with the theme of "American Innovation and the Future of Cryptocurrency: A 21st Century Blueprint". It is expected to focus on the long-awaited legislation to define the structure of the crypto market in the United States. The draft is expected to be similar to the 21st Century Financial Innovation and Technology Act (FIT 21) passed by the House of Representatives last year. A staff member of the House Agriculture Committee also confirmed that the draft text will be released before the hearing.

Kraken’s revenue jumped to $472 million in the first quarter of 2025, up 19% from the same period last year, largely due to a surge in market volatility in the first quarter (the first 100 days of President Trump’s second term). The company’s adjusted earnings before interest, taxes, depreciation and amortization (EBITA) increased 17% year-over-year to $187.4 million, as total exchange volume increased 29% during the same period.