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Bitcoin slumped shortly after the US stock market opened, briefly breaking below the $79,000 mark, with a daily decline of approximately 3%, trading near its lowest level since May. Market consensus suggests this pullback is closely linked to the sell-off in risk assets triggered by a surge in US Treasury yields.Data shows that the yield on the 10-year US Treasury note rose above 4.55%, reaching its highest level in nearly a year, fueling concerns over tightening liquidity and a reassessment of risk assets. Analysts point out that this level previously triggered adjustments in US stocks and policy expectations last year, and is now once again serving as a key pressure signal.Trading firm The Kobeissi Letter stated that the "panic-driven rally" in the bond market is intensifying, with expectations for prolonged high interest rates growing. The market has begun pricing in the possibility of further rate hikes in the future, quickly cooling the previous "euphoria" in risk assets.From a technical perspective, analysts believe that after encountering multiple rejections from resistance above $82,000, Bitcoin's support structure is weakening. In the short term, it may retest the $75,000–$77,000 range, as the market enters a phase of range-bound trading and directional selection. (Cointelegraph)
According to Odaily, Bitcoin's price is hovering around $80,350, up a slight 0.8% in the short term, facing sustained pressure after multiple failed attempts to break through the $82,000 resistance level. This zone is considered a confluence of resistance from the ETF cost basis, the 200-day moving average, and the CME gap fill area.Although the US CLARITY Act has passed the Senate Banking Committee, bringing positive expectations for crypto regulation, institutional capital continues to withdraw. Data shows that the 7-day average net outflow from US spot Bitcoin ETFs has fallen to -$88 million per day, the largest outflow scale since mid-February. Analysts suggest this selling pressure is more driven by "profit-taking" than panic selling.On the macro front, rising US Treasury yields are a core source of pressure. The yield on the 10-year US Treasury note has climbed to approximately 4.52%, a 10-month high. Meanwhile, the April CPI rose 3.8% year-over-year, the highest level in three years, further pushing back market expectations for a Fed rate cut. Analysts point out that geopolitical conflicts are driving up energy prices, exacerbating inflationary pressures, thereby weakening the appeal of risk assets.From an institutional perspective, some analysts believe the current ETF outflows represent portfolio rebalancing rather than a structural retreat. The options market indicates significant resistance for Bitcoin in the $82,000-$84,000 range, while $77,000 stands as a key support level. If the price breaks below this zone without a cooling of leverage, the market could enter a deleveraging phase, increasing the risk of a correction. (Decrypt)
on-chain detective ZachXBT stated that the hacker "Dritan Kapplani Jr" transferred approximately $2.59 million in assets today, including 1.99 million DAI and 259 ETH. The funds were moved from address 0x4487...bba6 to address 0x67ec...125d. The stolen funds currently remain dormant.ZachXBT stated that on May 12, they published an investigation detailing the connection between Dritan Kapplani Jr and Trenton (Trent) Johnson in a social engineering theft involving 185 Bitcoin (approximately $13 million).
Gemini, the crypto exchange founded by the Winklevoss twins, saw its stock price surge over 25% in pre-market trading after releasing its Q1 2026 financial results. The report showed the company's quarterly revenue increased 42% year-over-year to $50.3 million, while its net loss narrowed 27% year-over-year to $109 million. However, this still exceeded the market's expected loss per share of $0.61.The report indicates that Gemini's operating expenses rose 73% year-over-year to $144.5 million. Within this, employee compensation costs increased by 91% and included approximately $6.5 million in severance expenses. Sales and marketing spending also doubled year-over-year to $19.1 million. The company stated it is currently pushing forward with a business transformation via layoffs, business contraction, and a $100 million Bitcoin capital injection from the Winklevoss Capital Fund, as it seeks to achieve profitability.In February of this year, Gemini closed its operations in the UK, the EU, and Australia, and cut approximately 25% of its workforce to refocus on the US market and prediction market business. In April, the company received approval from the U.S. Commodity Futures Trading Commission for a Derivatives Clearing Organization (DCO) license, officially entering the crypto prediction market space. Bolstered by these developments, the company's stock has been rebounding recently, currently trading above $6.60. (CoinDesk)
According to Cryptopolitan, U.S. Senator Cynthia Lummis told CNBC in an interview that large banks are attempting to block legislation aimed at clarifying cryptocurrency regulation because they cannot compete with the crypto industry. She emphasized that Bitcoin’s adoption is unstoppable: “This will become the financial system of the future.”
CoinShares tweeted that the cryptocurrency market saw a net outflow of $920 million this week. In the short term, macroeconomic headwinds continue to dominate: PPI data came in higher than expected, U.S.-Iran tensions pushed oil prices higher, and the Federal Reserve’s room for rate cuts is constrained—Bitcoin fell 1.4% this week. Meanwhile, the U.S. Senate Banking Committee passed the Clarity Act by a vote of 15–9, bringing long-term regulatory direction into sharper focus. CoinShares noted that the market is currently caught in a tug-of-war between short-term macro pressures and long-term regulatory tailwinds.
The regulatory environment for the crypto industry continues to improve, but macro interest rate risks are dampening market sentiment. The US CLARITY Act has passed the Senate Banking Committee with a 15:9 vote, moving closer to a full Senate vote. The market expects that this bill could provide a clearer regulatory framework for tokenization, stablecoins, and smart contract platforms, potentially accelerating institutional capital inflow.Kavi Jain, Senior Research Associate at Bitwise, stated that the progress of the CLARITY Act is a significant milestone for US digital asset regulation. It is expected to particularly benefit smart contract platforms like Ethereum and Solana, and drive growth in institutional activities related to stablecoins, tokenized funds, and on-chain capital markets.However, the macro environment continues to exert pressure on the crypto market. US April inflation data came in higher than expected, driven primarily by rising energy prices. The market is now even beginning to price in the possibility of another rate hike by the Federal Reserve before April 2027. Meanwhile, the US 30-year Treasury yield has reached 5% for the first time since 2007, indicating growing market concern over long-term inflation risks. Analysts suggest that in a high-interest-rate environment, the appeal of high-risk assets, including Bitcoin, may be suppressed. (CoinDesk)
According to analyst [email protected] (@BTC__options), the options expiry data for May 15 is as follows: For BTC, 25,000 contracts expired, with a Put-Call Ratio of 0.59, a maximum pain point at $80,000, and a notional value of $2 billion. For ETH, 274,000 contracts expired, with a Put-Call Ratio of 0.4, a maximum pain point at $2,300, and a notional value of $620 million. This week, Bitcoin traded sideways near $80,000, exhibiting clear technical support; market attention remained low, with only 6% of BTC options expiring, versus 11% for ETH. BTC’s key-term implied volatility (IV) stood at approximately 35%, while ETH’s was around 50%. Skew has fluctuated minimally over the past month, reflecting neutral directional sentiment, and options activity remains extremely low—approximately 20% of open interest is expected to remain by end-May and roughly 30% by end-June. Overall, Bitcoin performed relatively well in both price and market热度 during Q2 2024, supported by favorable legal, regulatory, and macroeconomic developments. However, market热度 still falls short of expectations. Against this long-term bullish backdrop, Bitcoin remains the primary trading instrument, and positioning in medium-to-long-dated options is widely viewed as a reasonable strategy.
CME Group announced plans to launch Nasdaq CME Crypto Index futures on June 8, 2026, subject to regulatory review. This will be its first market-cap-weighted futures contract, offered in both micro and standard sizes, and cash-settled. Final settlement will be based on the Nasdaq CME Crypto Settlement Price Index, which measures the performance of the largest and most actively traded cryptocurrencies by market capitalization—currently including BTC, ETH, SOL, XRP, ADA, LINK, and XLM.
According to PR Newswire, MoonPay has officially launched MoonPay Headless Onramps—the industry’s first native crypto checkout platform enabling one-click crypto purchases via Apple Pay, credit cards, and Google Pay across the U.S., the European Economic Area, and over 100 countries worldwide. In contrast, competing headless payment solutions currently support mobile payments only within the U.S. This product replaces MoonPay’s branded widget with a pure API integration, enabling partners to deliver a fully white-labeled and highly customizable checkout experience—while MoonPay handles payment processing, compliance, and identity verification in the background. Launch partners include Moonshot, Bitcoin.com, Bread, and Trust Wallet. Notably, Apple Pay is now fully embedded into partner apps for the first time: verified users can complete purchases with a single tap—no redirects or re-verification required.
CME Group announced plans to launch Nasdaq CME Cryptocurrency Index Futures on June 8, pending regulatory review. The Nasdaq CME Cryptocurrency Index Futures will be the company’s first market-capitalization-weighted futures contract and will be available in both micro and standard contract sizes. These contracts will provide market participants with a capital-efficient way to gain exposure to the top-ranked cryptocurrencies by market capitalization through a single financially settled futures contract. At expiration, the Nasdaq CME Cryptocurrency Index Futures will settle against the Nasdaq CME Cryptocurrency Settlement Price Index, which measures the performance of the most actively traded and liquid cryptocurrencies. As of May 14, the index includes Bitcoin, Ethereum, SOL, XRP, ADA, LINK, and Lumens (XLM).
U.S. senators have submitted over 100 amendments to the Senate Banking Committee regarding the CLARITY Act, with Elizabeth Warren alone submitting more than 40 of them. (Bitcoin News)
According to QCP Capital’s analysis, BTC is currently consolidating near $82,000—close to its 200-day moving average. The $80,000 support level remains temporarily stable, yet the resistance level at $84,000 has yet to be breached. April’s core CPI rose 2.8% year-on-year—slightly above expectations—driven primarily by housing costs (owners’ equivalent rent), while core goods inflation remains subdued and tariff-related price pressures have not yet fully disseminated. Core services inflation (excluding housing) has accelerated for three consecutive months. Coupled with China’s PPI turning positive for the first time in 41 months, the global deflationary tailwind for commodities may be fading, further raising the bar for Fed rate cuts. Markets are now focused on three key catalysts: the Beijing meeting between Trump and President Xi (covering trade, rare earths, and Middle East issues), the upcoming PPI data release, and the Senate Banking Committee’s deliberation process on the CLARITY crypto regulatory bill. Until these catalysts materialize, spot prices may continue trading sideways within a range, with volatility remaining low.
According to The Block, the U.S. Court of Appeals for the District of Columbia Circuit held oral arguments in the appeal filed by Roman Sterlingov, the alleged operator of Bitcoin Fog. The court focused on whether prosecutors presented sufficient evidence that Bitcoin Fog operated in Washington, D.C., and whether U.S. unlicensed money transmission laws apply to global cryptocurrency service platforms serving U.S. users. Judges also questioned the reliability of FBI evidence linking Sterlingov to Bitcoin Fog based on “IP address overlap” analysis. Sterlingov was previously convicted in 2024 of conspiracy to commit money laundering and operating an unlicensed money transmission business. The outcome of this case may influence the scope of U.S. enforcement actions—under Section 1960—against developers and service providers of cryptocurrency privacy tools.
Genius Group, a Nasdaq-listed bitcoin treasury company, has disclosed a strategic investment of $5 million in digital bank Jewel Bank, acquiring a 9.9% equity stake in the company. It is reported that Jewel Bank is developing a U.S. dollar stablecoin, JUSD, planned to be backed by a 1:1 reserve of cash and U.S. Treasury bonds, with a target launch in the second half of 2026. The bank will also launch a real-time settlement system and offer white-label banking and stablecoin infrastructure services for enterprises. Following this investment, Genius Group will enter the regulated digital banking and stablecoin issuance sector. (Globenewswire)
Odaily Odaily News According to the latest weekly report from Gate Ventures, global markets continued to strengthen last week, driven by the technology sector. Both the S&P 500 and the Nasdaq index hit new record highs, with the S&P 500 gaining 2.36% for the week and the Nasdaq rising 4.52%. In the crypto market, BTC rose 4.6% last week, ETH rose 2.1%, spot BTC ETFs recorded net inflows for the fifth consecutive week, and market sentiment recovered to the neutral range. Additionally, the total market cap of cryptocurrencies excluding the top ten assets increased by 12.6% for the week.On the macroeconomic front, the ISM Services Price Index rose to 70.7, a two-year high, coupled with energy price fluctuations and the Federal Reserve's policy expectation of "keeping interest rates higher for longer," leading to increased market focus on a "stagflation" environment. On the industry level, Payward, the parent company of Kraken, has applied to the OCC for a national trust charter, highlighting the increasingly evident trend of industry compliance. In terms of investment and financing, 10 deals were completed last week totaling $34.2 million, primarily concentrated in the DeFi and infrastructure sectors. Among them, OpenTrade completed a $17 million funding round to accelerate the development of institutional-grade stablecoin yield infrastructure; OnRe secured a $5 million Series A round to advance its Solana-based tokenized reinsurance product offerings.
Odaily Planet Daily reported that Starknet, the Ethereum Layer 2 network developed by StarkWare, has officially launched strkBTC. This is a new Bitcoin-based asset designed to achieve private balances and anonymous transfers through zero-knowledge proof (ZK) technology while maintaining composability with DeFi applications. After its launch, strkBTC supports "re-anonymization," allowing assets to be bridged back to entirely new, unlinked Bitcoin addresses, and also provides compliance audit and asset screening features. (The Block)
Michael Saylor posted on platform X, stating that last night's CLARITY Act hearing will unleash the next wave of digital capital, digital credit, and digital equity in the US and globally, providing institutional validation for BTC, establishing a framework for the STRC-driven digital yield market, and promoting broader adoption of MSTR.
Wintermute’s weekly market report indicates Bitcoin recently broke through $80,000 and briefly touched around $83,000, while also reclaiming the 200-day moving average for the first time in seven months. However, this rally is clearly more driven by leveraged capital rather than spot buying.The report notes that over the past month, Bitcoin open interest increased by approximately $10 billion, while spot trading volume dropped to a two-year low, a classic short squeeze scenario. Although ETFs still recorded net inflows of $623 million and BTC reserves on exchanges fell to a seven-year low, the current RSI has entered overbought territory. If spot buying fails to sustain after the short squeeze ends, BTC prices could face a rapid correction risk.Wintermute also stated that the current crypto market rally is more driven by the strength of US equities and the resonance of leverage, rather than an independent bull market narrative. Upcoming US CPI data and changes in Federal Reserve policy expectations will be key factors in determining whether BTC can stably hold above $80,000.
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.