Crypto Daybook Americas: Bitcoin Threatened by Regulation Hiccup, Weakening Demand

As Bitcoin (BTC) and the Wider Crypto Market Await the Fed’s Rate Decision on Wednesday, Anomaly Has Emerged that Cold Weigh Heavily on Market Mood: Renewed DOBT OPOBT.

Early Tuesday, Coindesk Reported That Senate Democrats Are Hesitant to Push Forward Landmark Stablecoin Legislation, City Conceerns Over President Donld Trump

WHEN TRUMP DOOKE OFFICE, Many Observers Felt Crypto Regulation would Proceed Smoothly. Looking Back, that Optimism Was Probably Misplaced. With the president actively involved in Digital assets through family-linked projects like wlfi and memecoins, Opposition has Mounted, Potentilly Slowing the Regulatory.

That might lead investors to reprice regulatory uncertainty just as charts for btc and xrp are signaling PullBack risks. Additionally, accounting to cryptoquant, there are signs of renewed weakness in bitcoin Demand from US-Based Investors.

“Over The Past Month, The Premium Recovered Significantly But Is Now Dropsing Again – Aligning with The Recent Btc Price Correction,” Cryptoquant Contribute Abramchart Said.

On the Positive Side, US-Listed Spot Bitcoin Exchange-Traded Funds (ETFS) Marked Three Straight Days of Net Inflows.

ACTING CFTC Chairman Caroline Pham Told Crypto Journalist Eleanor Terret That Derivatives Market Regulator Plans to Obertve a Handyful of Tokonz. Tokenized Assets Function in the Real World.

Speaking of Traditional Markets and Macro, Taiwan Dollar Forward Contracts Signal Extreme Pressure on the US Dollar, Meaning The Greenback Coulde Continue to Weaken Against The Asianst. Currencies Like The Euro. The Broad-Based USD Weakness May Act As A Tailwind for Crypto. FX Market Valativity Could Drive Investors to Gold and Perhaps Bitcoin, Too, Unless It Leads to a Broad-Based Risk-Off, In Which Case Btc May Feel The Heat.

The Other Bullish Development is the US Treasury Secretary Scott Bessent’s Comments that US Rates Now Carry Sovereign Credit Risk and Not Just Long-Term Growth and Inflation Expectations. In Other Words, Rates Are Artificiality High Because the US Government Itlef is Now the Risk Premium, As Pseudonymous Observer Endgame Macro Said. SO, A Shift Away from US Assets and Into Alternative Investments Could Continue. Stay Alert!

What to Watch

• Crypto:
  • May 6, 7:15 AM: Casper Network (CSPR) Launches ITS 2.0 Mainnet Upgrade, Introduction Faster Transactions, Enhanced Smart Contracts, And Improved Stake F.
  • May 7, 6:05 AM: The PECTRA HARD FORK NETWORK UPGRADE WILL GET ACTIVATED ON THE ETHEREUM (ETH) MAINNET AT EPOCH 364032. PETRA Combines Two Majoer Components: Consensus Layer Upgrade.
  • May 8: Judge John G. Koeltl Will Sennce Alex Mashinsky, The Founder and Former Ceo of the Now-Defunct Crypto Lending Firm Celsius Network, at the Us Distric York.
• Macro
  • May 6, 9 Am: S&P Global Releases Brazil April Purchasing Managers’ Index (PMI) DATA.
    • Composite pmi prev. 52.6
    • Services PMI Prev. 52.5
  • May 6, 10 AM: US House Financial Services Committe and Agriculture Committee Joint Heint Hearing Titled “American Innovation and The Future of Digital Assets: A Blueprint for the 21st Century. LIVESTREAM LINK.
  • May 7, 2 PM: The Federal Reserve Announces Its Interest-Rate Decision. The Fomc Press Conference is LIVESTREAMED 30 Minutes Later.
    • Federal Funds Rate Target Range Est. 4.25% -4.5% Vs. Prev. 4.25%-4.5%
  • May 8, 7 Am: The Bank of England Announces Its Interest-Rate Decision. The Monetary Policy Report Press Conference is LIVESTREAMED 30 MINUTES LATER.
    • Bank Rate Est. 4.25% Vs. Prev. 4.5%
• Earnings (Estimates Based On Factor Data)
  • May 6: CIPPHER MINING (CIFR), Pre-Market, $ -0.08
  • May 8: Cleanspark (CLSK), Post-Market, $ -0.11
  • May 8: Coinbase Global (Coin), Post-Market, $ 1.88
  • May 8: Hut 8 (Hut), Pre-Market, $ -0.10
  • May 8: Mara Holdings (Mara), Post-Market, $ -0.52
  • May 13: Semler Scientific (SMLR), Post-Market

TKEN EVENTS

• Governance Votes & Calls
  • Uniswap Dao is voteing on WHETHER to PAY FOESS, A DATA -ASALYTICS PLATFORM from STABLELAB, $ 60,000 in Uni to Build an “Analytics Hub” that tracks how’s intenive Programs. Voting Ends on May 6.
  • Arbitrum Dao is voteing on WHATHER to put the Last $ 10.7 Million from Its 35 Million Arb Diversification Plan Into Three Low -Risk, Dollar -Based Funds From. Voting Ends On May 8.
  • May 6, 1:30 PM: Metamask and Aave to Host An X Spaces Session on USDC Supplied to Aave Being Sportable On the Metamask Card.
  • May 7, 7:30 AM: Pancakeswap to host an X Spaces Ask Me Anything (Ama) Session on the Future of Trading.
  • May 7, 9 Am: Binance to Host An Ama on Its Binance Seeds Program.
  • May 7, 11 AM: PENDLE TO HOST A PENDLE YIELD TALK: STABLECOIN ALPHA X SPACESSESSION.
  • May 8, 10 Am: Balaner and Euler to Host An Ask Me Anything (Ama) Session.
• Unlocks
  • May 7: Kaspa (Kas) to Unlock 0.55% of It Circulating Supple Worth $ 13.24 Million.
  • May 9: Movement (Mova) To Unlock 2.04% of It Circulating Supple Worth $ 8.97 Million.
  • May 11: Solayer (Layer) to Unlock 12.87% of It Circulating Supple Worth $ 55.93 Million.
  • May 12: Aptos (Apt) To Unlock 1.82% of It Circulating Supple Worth $ 54.97 Million.
  • May 13: Whitebit Coin (WBT) to Unlock 27.41% of Its Circulating Supple Worth $ 1.12 Billion.
  • May 15: Starknet (Strk) To Unlock 4.09% of It Circulating Supple Worth $ 16.34 Million.
• TKEN LAUNCHES
  • May 7: Obol (Obol) to be listed on binance, Bitget, Bybit, Gate.io, Mexc, and others.
  • May 16: Galxe (Gal), Litentry (Lit), Mines of Dalarnia (Dar), Orion Protocol (Orn), and Parsiq (Prq) to Be Delisted from Coinbase.

ConferencesCoindesk’s Consensus is Taking Place in Toronto on May 14-16. Use Code Daybook and SAVE 15% ON PASSES.

• Day 1 of 2: Financial Times Digital Assets Summit (London)
• Day 1 of 3: Stripe Sessions (San Francisco)
• May 7-9: Salt’s Bermuda Digital Finance Forum 2025 (Hamilton, Bermuda)
• May 11-17: Canada Crypto Week (Toronto)
• May 12-13: Dubai Fintech Summit
• May 12-13: Filecoin (Fil) Developer Summit (Toronto)
• May 12-13: Latest in Defi Research (Tldr) Conference (New York)
• May 12-14: Aci’s 9th Annual Legal, Regulatory, and Compliance Forum on Fintech & Emerging Payment Systems (New York)
• May 13: Blockchain Futurist Conference (Toronto)
• May 13: EthWomen (Toronto)
• May 14-16: Coindesk’s Consensus 2025 (Toronto)

Token TalkBy shaurya malwa

• Tokens of Some Defi Powerhouss Are Catching A Bid As Attcture Turns to Fundamentals in a Flat Market.
• Hyperliquid’s Hype Token Surged 72% Over The Past Week, Outpacing Most of the Top 100 Tokens. The Platform’s Gas-Free, Order Book-Based, Decentralized Exchange Model Is Attracting Tradracting Seneking Efficiency and Transparent Trading Environments.
• Aave has seen increasted Activity with the Integration of Ripple’s Rlusd Stablecoin Into ITS V3 Ethereum Core Market. The Move Aims to Bridge Traditional Finance with Defi, Enhanceing Aave’s Appeal to Institute Investors.
• Despite A Recent Security Breach on Curve Finance’s X Account, CRV Managed to Post A 40% Gain in the Past Week, Demonstrating Investor Confidentnce in the Underly Protocol.
• Kay Lu, CEO OF HASHKEY ECO Labs, SAID IN A Note to Coindesk That Traders Are Turning To Projects Wits Stronger Fundamentals and Token Economics As Memecoins Fall Out Out.

Derivatives Positioning

• XMR, TAO, Ada Lead Majors in 24-HOUR Growth of Perpetual Futures Open Interest. Xrp, Meanwhile, Has The MOST NEGATIVE 24-HOUR CUMULATIVE VOLUME DELTA, HINTING AT An Influx of Selling Pressure.
• BTC’s Funding Rate Is Barely Positive, While Eth Has Flipped Marginally Negative, Both Pointing to Weakening of Bull Momentum.
• Cme Futures Basis Climbed to Between 5% and 10%, Reviving Interest in Cash-and-Karry Arbitrage Trades, Accounting To Binance Research.
• Flows in the Deribit-Listed Options Market Have Been Mixed With May Btc Calls and Puts Lifted.

Market Movements

• BTC is Down 0.19% from 4 pm et monday at $ 94.160 (24hrs: -0.18%)
• ETH IS DOWN 1.09% AT $ 1.795.10 (24hrs: -0.66%)
• Coindesk 20 is Down 1.05% AT 2.675.34 (24hrs: -0.96%)
• Ether Cesr Composite Staking Rate Is Up 7 BPS at 2.964%
• BTC FUNDING RATE IS AT 0.0046% (5.1147% Annualized) on Binance

• DXY IS DOWN 0.14% AT 99.69
• GOLD IS UP 1.99% AT $ 3.379.76/OZ
• Silver is up 2.13% AT $ 32.99/Oz
• Nikkei 225 CLOSED +1.04% AT 36,830.69
• Hang Seng Closed +0.7% AT 22,662.71
• Ftse is down 0.18% at 8,580.67
• Euro Stoxx 50 is Down 1.14% AT 4.719.66
• DJIA CLOSED ON MONDAY -0.24% AT 41,218.83
• S&P 500 CLOSED -0.64% AT 5,650.38
• NASDAQ CLOSED -0.74% AT 17,844.24
• S&P/Tsx Composite Index Closed -0.31% AT 24,953.52
• S&P 40 Latin American Closed -1.15% AT 2.493.86
• US 10-YEAR Treasury Rate Is Up 1 Bp At 4.36%
• E-mini S&P 500 Futures Are Down 0.74% AT 5.629.75
• E-mini NASDAQ-100 Futures Are Down 1.05% AT 19,845.50
• E-mini Dow Jones Industrial Average Index Futures Are Down 0.61% AT 41,067.00

Bitcoin Stats

• BTC Dominance: 64.91 (0.13%)
• Ethereum to Bitcoin Ratio: 0.01910 (-0.52%)
• Hashrate (Seven-Day Moving AVERAGE): 908 eh/s
• HashPrice (Spot): $ 50.13
• Total Fees: 5.10 BTC / $ 480,379.20
• CME FUTures Open Interest: 143,680 BTC
• BTC PRICED IN GOLD: 28.1 OZ
• BTC VS Gold Market Cap: 7.97%

Technical AnalysisVirtual’s Daily Chart. (TradingView/Coindesk)

• Virtual, The Native Token of the Base-Native Virtuals Protocol for Creating and OWNING AI AI AI AGENTS, HAS ESTABLISHED A BASE ABOVE the 23.6% FIBONACCI retracement of the.
• The Breakout Means Potential for A Rally to the 38.2% Fibonacci Level of $ 2.22.
• Virtual Is The Best-PerForming Coin of the Past 30 Days.

Crypto equities

• Strategy (Mstr): CLOSED ON MONDAY AT $ 386.53 (-1.99%), Down 1.25% AT $ 381.68 in Pre-Market
• Coinbase Global (Coin): Closed AT $ 199.40 (-2.7%), Down 0.63% AT $ 198.15
• Galaxy Digital Holdings (GLXY): CLOSED AT C $ 26.51 (-1.23%)
• Mara Holdings (Mara): CLOSED AT $ 13.09 (-9.6%), Down 1.22% AT $ 12.93
• Riot Platforms (Riot): CLOSED AT $ 7.90 (-5.84%), Down 1.27% AT $ 7.80
• Core Scientific (Corz): CLOSED AT $ 8.75 (+0.11%)
• Cleanspark (CLSK): CLOSED AT $ 8.09 (-8.17%), Down 0.62% AT $ 8.04
• Coinshares Valkyrie Bitcoin Mines ETF (WGMI): Closed AT $ 14.26 (-4.74%)
• Semler Scientific (SML R): CLOSED AT $ 33.58 (-7.13%), Down 0.24% AT $ 33.50
• Exodus Movement (Exod): Closed At $ 41.28 (-7.84%), Up 0.51% AT $ 41.49

ETF FlowsSPOT BTC ETFS:

• Daily Net Flow: $ 425.5 Million
• Cumulative Net Flows: $ 40.63 Billion
• Total BTC Holdings ~ 1.17 Million

Spot eth etfs

• Daily Net Flow: $ 0 Million
• Cumulative Net Flows: $ 2.53 Billion
• Total Eth Holdings ~ 3.47 Million

Source: Farside Investors

Overnight FlowsChart of the dayVolmex’s BVIV OR Bitcoin 30-Day Implied Volatility Index. (TradingView)

• Bitcoin’s 30-Day Implied Volatility Has Droped to the Lowest Since July Last Year.
• In Other Words, Volatility is Cheap, WHICH IS WHEN Seasoned Traders Typical Prefer to Buy Options.

While You Were Sleeping

• Blackrock, Citi Ceos to Visit Saudi Arabia Arabia Along with Trump (Bloomberg): Several Top US CEOS WILL SPEAK May 13 at the Saudi-Us Investment Forum in Riyadh, The Day President Truums Saudi Trade and Investment.
• Bitcoin Developers Plan Op_return Limit Removal In Next Release (Coindesk): Bitcoin Core’s Plan to Lift The Cap Has Divide Developers, with Supporars City City. A Shift Away from Financial Use.
• Watch Out Bitcoin Bulls, $ 99.9k Price May Test Your Mettle (Coindesk): Long-Term Btc Holders May Take Profits at $ 99 to on-chain Data from glassnode.
• Virtual Surges 200% in A MONTH AS SMART MONEY Poures Into Virtuals Protocol (Coindesk) Million in Inflows from Smart Money, accounting to nansen.
• Ukraine Targets Moscow With Drones for Second Straight Night, Officials Say (Reuters): All Four Moscow Airports Were Shut for Several Hours After Russian Forces Intercened 19 World War II Victory Anniversary Celebrations.
• Fed Confronts Lose-Lose Scenario Amid Haphazard Tariff Rollut (The Wall Street Journal) Tariffs and Strained Global Supply Chains.

In the Ether