Crypto Fund Inflows Continue for Sixth Week Global crypto investment products recorded $858 million in inflows for the sixth consecutive week, according to CoinShares. US products and Bitcoin ETFs led the inflows. Progress on the Clarity Act has boosted sentiment, with institutional investors continuing to add positions. This marks the longest streak of positive weekly inflows since the beginning of the year.
Bitcoin briefly crossed the $82,000 threshold in the past 24 hours, reaching a recent high. Market analysts attribute the rally primarily to improving macroeconomic conditions. The Block reports that simultaneously, Sui surged 25% over the same period. Analysts pointed to Sui Group Holdings’ decision to stake 108.7 million SUI tokens as the catalyst. This large-scale staking reduced circulating supply, driving the price upward. The broader crypto market is showing signs of recovery. After weeks of volatility, improving macroeconomic data is gradually restoring investor confidence. Analysts suggest that if the current trend persists, Bitcoin may test higher resistance levels. ...
The world’s largest asset manager files to expand its tokenized fund lineup as real-world asset tokenization grows 200% year over year.
Cross-chain interoperability protocol LayerZero acknowledges primary responsibility for a $292M exploit affecting KelpDAO, reversing its initial framing of the incident as a developer configuration failure.
A CertiK report reveals a surge in physical extortion attacks targeting crypto holders, with criminals increasingly threatening victims’ family members. The so-called wrench attacks represent a growing physical security threat in the crypto space.
Kraken Parent Company Payward Has Applied for an OCC Charter Payward, the parent company of cryptocurrency exchange Kraken, has filed an application with the Office of the Comptroller of the Currency (OCC) to become a federally regulated trust company. This would add a federal banking charter to Kraken’s existing Wyoming state bank charter and Federal Reserve master account access. The move represents a significant step in crypto industry regulatory engagement, as Kraken seeks to operate under federal banking oversight. The OCC charter would allow the company to offer trust services and potentially expand its banking operations under federal supervision. ...
[Brief] Bitcoin’s rally cooled after April jobs data failed to break through macroeconomic resistance levels, with Iran tensions and Bitcoin ETF outflows adding downward pressure. Analysts suggest BTC may need to consolidate while awaiting clearer macro signals. Source: The Block
[Brief] European Central Bank President Christine Lagarde warned Friday that Europe should not simply replicate the US stablecoin model when launching the digital euro. She emphasized that Europe needs its own regulatory framework and monetary policy transmission mechanism, rather than relying on private-sector issuance. Source: CoinDesk
Bitcoin Falls Below $80,000 Triggering $300M in Liquidations Bitcoin retreated below $80,000 on May 8, triggering approximately $300 million in futures contract liquidations, according to CoinDesk. The drop followed US military strikes on Iran that briefly pushed oil prices above $100 per barrel, sparking risk-off sentiment across markets and a shift toward bearish positioning in crypto futures. CryptoQuant data indicates traders are taking profits into strength. Analysis firm Enflux linked the move to easing tensions in the Strait of Hormuz, while Glassnode argues that Bitcoin has reclaimed key on-chain support levels despite the price decline. ...
Coinbase Trading Disrupted for Hours Due to AWS Outage Coinbase, one of the world’s largest cryptocurrency exchanges, experienced a multi-hour trading outage on May 8, attributing the disruption to a technical fault with Amazon Web Services (AWS). According to reports from CoinDesk and The Block, Coinbase entered “Cancel Only” and auction-mode restrictions during the incident, preventing users from executing normal trades. The company has since announced that services have been fully restored but stated it will conduct a thorough investigation into the cause and impact of the outage. ...