News linked to both this project and an event.
According to Bybit’s latest options weekly report, the implied volatility indicator DVOL has further declined to an extreme historical low of 37–41%, marking the lowest reading since the outbreak of the current conflict. The report notes that the current DVOL level is exceptionally rare in BTC’s history; low volatility often precedes major price moves rather than signaling their conclusion. Combined with a technical ascending wedge pattern and persistently negative funding rates, these three signals collectively suggest that the derivatives market is poised for a directional shift—though price action has yet to confirm the specific nature of this move, prompting the report to advise investors to maintain close observation.
According to an analysis released by CryptoQuant-certified analyst MorenoDV_, the Bitcoin Bull-Bear Market Cycle Indicator has just generated its first “Early Bull Market” signal since March 2023. Historically, when this indicator transitions from the bear market zone into the early bull market zone, it typically signals that the worst phase of correction is over and that market structure is beginning to recover—similar signals appeared after deep bear markets in early 2019 and early 2023, both of which preceded stronger upward trends. However, this signal should not be interpreted uncritically. In March 2022, the indicator also entered the early bull market zone, yet price subsequently faced rejection—indicating a local top rather than the start of a new bull market. Analysts note that Bitcoin is no longer behaving like a deep bear-market asset, and the rebound in its 30-day moving average suggests improving underlying momentum. At the same time, however, multiple other market indicators are already showing signs of weakness, making this signal less clear-cut than classic early-cycle confirmations. The analyst leans toward interpreting this signal as more likely indicating a local top—unless strong price follow-through confirms the bullish thesis—rather than the onset of a new bull market.
BIT's official Chinese-language market analysis stated that Circle's stock price rose 16% overnight, currently approaching its March 2026 high. The market is pricing in expectations that uncertainty surrounding crypto regulation may ease.BIT indicated that this week could become a critical juncture for the advancement of the CLARITY Act, with the market generally viewing Circle as a direct beneficiary of regulatory clarity. It also noted that USDC market capitalization has maintained steady growth lately, and Circle's recent rally reflects market expectations for potential favorable policies and regulatory developments, rather than short-term fundamental improvements.BIT believes that if digital asset regulatory rules are further clarified, it could not only provide support for Bitcoin but also encourage more institutions to participate in the market.
According to the official announcement, Upbit will list VVV trading pairs against KRW, BTC, and USDT.
Glassnode’s Week 20 BTC Market Report states that BTC rose last week from above $77,000 to below $82,000, with strengthening spot demand and futures activity and sustained buying absorbing pullbacks. The report notes rising Spot Cumulative Volume Delta (CVD), spot trading volume, futures open interest, and perpetual swap CVD—indicating a rebound in market risk appetite. However, price momentum slowed, and long funding rates declined, signaling a marginal cooling of bullish sentiment. In the options market, demand for downside protection decreased and open interest increased, yet the volatility skew widened, reflecting persistently high market uncertainty. On-chain metrics show increases in daily active addresses, entity-adjusted transaction volume, and total fees; profitability indicators improved, and the overall market structure continues to recover.
CleanSpark Releases First-Quarter Fiscal Year 2026 Financial Results: Revenue for the quarter totaled $136.4 million, down 24.9% year-on-year; net loss was $378.3 million, compared to a net loss of $138.8 million in the same period last year; adjusted EBITDA was negative $241.2 million. Meanwhile, the company stated that contracted power capacity doubled year-on-year, including 585 MW of ERCOT-approved capacity; Bitcoin holdings increased 14% year-on-year; and average monthly hash rate rose 18% year-on-year. As of March 31, 2026, CleanSpark held $260.3 million in cash, $925.2 million in Bitcoin assets, and total assets of $2.9 billion.
Nasdaq-listed Bitcoin mining company LM Funding America (LMFA) released its unaudited operational report for April 2026, disclosing data on its Bitcoin treasury holdings and mining output. As of April 30, the company held 334 Bitcoins, valued at a total of $25.3 million based on a price of approximately $75,800 per coin that month. This corresponds to a Bitcoin asset value per share of $1.18, significantly higher than the company's U.S. stock closing price of $0.24.Data shows that the company net mined 9.4 BTC in April and sold 13.5 BTC during the same period, leading to a slight decrease in Bitcoin holdings from 338.1 BTC in March. The company's total mining machine count remains at 7,508 units, with a stable network hashrate of 0.79 EH/s, showing no change in hashing power scale.
the Bank of New York Mellon (BNY) has announced the launch of a compliant institutional-grade digital asset custody service in the Abu Dhabi Global Market (ADGM), aiming to position Abu Dhabi as a global digital finance hub. The service is designed to provide institutional clients with highly secure and scalable digital asset custody solutions. Initially, the service will support the custody of Bitcoin and Ethereum, with subsequent phases expanding to stablecoins, tokenized real-world assets (RWAs), and more regulated digital financial products. The project remains subject to final agreement confirmation and relevant regulatory approvals. (Crowdfundinsider)
Odaily, Tether has announced the launch of its Developer Grants Program, providing financial support to developers building products based on its open-source technology stack. There is no total cap on the funding amount, and payments are made based on specific technical deliverables. The program is now open for applications. Developers can earn USDT or Bitcoin rewards by completing designated tasks, with individual grants ranging from approximately $1,500 to $4,000, covering areas such as wallet infrastructure, browser extensions, and e-commerce payment integrations.Additionally, Tether will focus on enhancing its open-source wallet development kit, WDK (Wallet Development Kit), allowing developers to embed non-custodial wallets directly into applications. This enables local key generation, transaction signing, and asset transfers without relying on custodial services or third-party APIs.Tether CEO Paolo Ardoino stated that much of the current infrastructure still relies on centralized platforms and data-driven business models. Tether aims to support systems that can "run locally, directly hold value, and operate without dependency on external service providers" to enter the market.The grants program covers four main areas: core protocol development, technical documentation and educational resources, application development based on the Tether technology stack, and research into decentralization, edge AI, P2P networks, and cryptography.
CoinShares data shows crypto funds saw net inflows of $858 million last week, marking the fifth consecutive week of inflows and the largest single-week inflow since the end of April. Among them, Bitcoin funds attracted over $700 million in a single week, with year-to-date inflows reaching $4.9 billion, indicating sustained growth in institutional investor demand for the crypto market.Market analysis suggests that positive expectations related to the "Clarity Act" have driven an improvement in institutional sentiment. Currently, BTC prices remain above the $80,000 mark, with the market watching for a potential breakout of the 200-day moving average near $82,000. Marex analysts point out that if Bitcoin manages a daily close above $82,000 accompanied by stable spot buying, it could initiate a new upward trend.In the altcoin space, SUI rose 12% in 24 hours to $1.26. Mysten Labs co-founder Adeniyi Abiodun revealed that Sui plans to launch confidential transaction features this year to support fee-free private payments. Additionally, Nasdaq-listed Sui Group Holdings (SUIG) previously announced that it has staked most of its reserve SUI, effectively reducing the circulating market supply by approximately 2.7%. (CoinDesk)
According to QCP analysis, this week features a dense schedule of macroeconomic events, with market attention focused on three key themes: First, President Trump and President Xi Jinping are scheduled to meet in Beijing this week, with discussions expected to cover tariffs, the rare-earth supply chain, and the Middle East situation; markets are watching closely to see whether substantive progress can be achieved on trade. Second, April’s CPI, PPI, and retail sales data will be released sequentially; if inflation stabilizes, real yields may decline—historically providing support for the crypto market—whereas the opposite would reinforce expectations of monetary tightening. Third, the U.S. Senate Banking Committee will hold hearings on the CLARITY Act; legislative progress could further catalyze institutional capital inflows. Currently, despite ETF outflows last week, BTC has held the $80,000 level, while crypto volatility remains near its lowest point of the year, with the VIX at approximately 18. In the short term, BTC is highly likely to remain range-bound, with $84,000 serving as a key resistance level.
Binance has released its May proof of reserve update. As of May 1st, users' net BTC balance stood at 606,742.388 BTC, while Binance's wallet balance was 608,067.979 BTC, resulting in a BTC reserve ratio of 100.22%.Additionally, users' net ETH balance was 3,762,321.834 ETH, with Binance's wallet balance at 3,762,328.82 ETH, giving an ETH reserve ratio of 100%. The USDT reserve ratio was 104.27%, and the BNB reserve ratio was 101.68%.
Michael Saylor has once again released Bitcoin Tracker information, with potential disclosure of increased holdings data next week.
Nasdaq-listed Bitcoin mining company Bitdeer released its latest Bitcoin holdings data on X. For the week ending May 8, its Bitcoin mining output was 193.8 BTC, but during the same period, it sold 193.8 BTC, resulting in a net addition of 0 BTC. It currently maintains zero Bitcoin holdings.
According to GlobeNewswire, IREN, a Nasdaq-listed company, released its latest financial results and disclosed that it has signed a $3.4 billion AI cloud contract with NVIDIA. Under the agreement, IREN will deploy air-cooled Blackwell GPU infrastructure for NVIDIA over a five-year term. The financial report also indicates that IREN is accelerating its transition from Bitcoin mining to AI cloud services. Construction of the data center related to its $9.7 billion contract with Microsoft is underway. As of April 30, IREN held $2.6 billion in cash. Revenue for the third quarter of fiscal year 2026 totaled $144.8 million, down from $184.7 million in the prior quarter. The company reported a net loss of $247.8 million, primarily driven by non-cash impairments related to the retirement of mining equipment.
According to Decrypt, publicly traded Bitcoin mining company TeraWulf (WULF) released its Q1 2026 financial results, reporting a net loss of $427 million for the quarter—significantly higher than the $61.4 million net loss in the same period last year. Total revenue amounted to $34 million, of which AI high-performance computing (HPC) revenue accounted for 60%, or approximately $21 million—a 117% sequential increase. In contrast, Bitcoin mining revenue declined by 50% sequentially to roughly $13 million, marking the first time AI compute revenue has surpassed mining revenue. The company previously signed a 25-year lease agreement with FluidStack, valued at approximately $9.5 billion in total, and has received Google’s endorsement.
According to The Block, Julio Moreno, Research Director at on-chain analytics platform CryptoQuant, released a report on May 8 stating that Bitcoin has surged over 20% since early April, reaching a three-month high. However, the firm characterizes this rally as a “bear market bounce” and warns that profit-taking pressure may intensify further. On the data front, Bitcoin holders’ daily realized profit reached 14,600 BTC on May 4—the highest level since December 10, 2025. Meanwhile, the Short-Term Holder Spent Output Profit Ratio (STH-SOPR) has remained consistently above 1.00 since mid-April, indicating the market has entered a sustained profit-taking phase. On a 30-day rolling basis, holders’ net realized profit turned positive at +20,000 BTC—the first time since December 22, 2025—after net losses plunged as deep as -398,000 BTC between February and March. Nonetheless, Moreno notes that the current net profit level of +20,000 BTC remains far below the historical 130,000–200,000 BTC threshold typically required to confirm a bull market transition, reinforcing the view that this is a “bear market bounce” rather than a structural trend reversal. Additionally, the current unrealized profit ratio stands at approximately 18%; historical experience shows that when this indicator rises to elevated levels, holders tend to sell to lock in gains, increasing correction risk.
Odaily Bitcoin mining company TeraWulf announced its Q1 financial report, showing that its high-performance computing (HPC) business has surpassed Bitcoin mining revenue for the first time, marking a critical phase in the company's transition to AI and cloud computing infrastructure. The company's total Q1 revenue was $34 million, roughly flat compared to the same period last year. HPC leasing revenue reached $21 million, exceeding digital asset mining revenue of less than $13 million for the first time, becoming the primary revenue source.The financial report also showed that the company's net loss widened to $427.6 million, primarily due to non-cash warrant revaluation. However, CFO Patrick Fleury emphasized that the company is shifting from "volatile mining revenue" to "stable long-term computing power contract revenue."Currently, 60MW of HPC capacity at TeraWulf's Lake Mariner data center in New York has begun generating revenue, with plans to continue expansion within the year. Meanwhile, the company is retrofitting some of its mining infrastructure into AI/HPC computing resources to support hyperscale computing demand. This trend continues to spread across the industry, with Bitcoin miners like Riot Platforms also diversifying their revenue structures through data center and AI contracts, gradually transitioning into "computing infrastructure companies." (The Block)
Bitget PoolX will list the BILL project, with a total airdrop of 5,000,000 BILL tokens. This campaign features two BTC staking pools, open for deposits from May 9 at 19:00 to May 16 at 19:00 (UTC+8). Specifically, the BTC Static Staking Pool allocates 2,250,000 BILL tokens, with a per-user staking cap of 30 BTC; the BTC Dynamic Staking Pool allocates 2,750,000 BILL tokens, with a tiered staking cap determined by users’ trading volume over the past 15 days, and a per-user staking cap of 50 BTC. Additionally, users whose net BTC deposits are positive during the campaign period will receive a 3% BTC interest-boosting coupon upon campaign completion. First-time PoolX participants who meet the net deposit requirement will receive a 10% BTC interest-boosting coupon. The net deposit window runs from May 8 at 19:00 to May 15 at 19:00 (UTC+8). For more details, please refer to the official Bitget platform.
Cango Inc., a U.S.-listed Bitcoin mining company, released its operational update for April 2026, reporting that as of April 30, its total operational hash rate stood at 31.58 EH/s—comprising 20.43 EH/s from in-house mining operations and 11.15 EH/s from leased hash rate. In April, the company mined 230.04 Bitcoins through its in-house operations, with an average cash cost per Bitcoin of $68,061. As of the end of April, its Bitcoin holdings totaled 1,057.46 BTC. Cango stated that during April it continued phasing out older S19 miners at select international sites while procuring and deploying S21-series miners to enhance energy efficiency and production efficiency. The company currently operates 26 active sites globally.