Crypto Daybook Americas: Bitcoin Dips, but ETF Inflows, Fed Week Keep Bulls Interested
Your day-ahead look for May 5, 2025
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Gold-Backed Crypto Minting Volume Hits 3-Year High as Central Bank Buying Drops
A surge in demand, particularly from ETFs, pushed the average quarterly gold price to a record high.
A Tiny Company Wants to Buy $20M TRUMP Token to Change U.S.-Mexico Trade Deals
Freight Technologies, which also invested in FET tokens, says it’s aiming to strengthen its technology and geopolitical positioning.
Arizona Governor Calls Crypto an ‘Untested Investment,’ Vetoes Bitcoin Reserve Bill
The bill, Senate Bill 1025, aimed to create a digital assets reserve managed by the state.
‘Like Spitting on a Fire’: Tether CEO Slams EU Deposit Protections Amid Bank Failure Warnings
Paolo Ardoino criticizes EU rules that could force stablecoin issuers to rely on fragile banks and warned about potential bank failures in the future.
CME Group Crypto Derivatives Volume Soars 129% in April With ETH Leading the Charge
The exchange saw its crypto derivatives volumes rise sharply to $8.9 billion in April, led by ether futures growth.
IRS’ Crypto Leads Are Leaving the Agency After Accepting DOGE Deals
The pair took voluntary resignation offers and left their positions after only a little more than a year of government service, according to two people.
Franklin Templeton Backs Bitcoin DeFi Push, Citing ‘New Utility’ for Investors
“I don’t think focusing on Bitcoin DeFi will dilute or complicate Bitcoin’s core narrative.” Farrelly said.
Cambodian Huione Group Received $98B in Crypto Leading to U.S. Crackdown: Elliptic
The group rolled out its own stablecoin in January to avoid traditional currency restrictions.
Strategy’s $84B Bitcoin Expansion Plan Backed by Wall Street Analysts
Sell-side bulls from Benchmark and TD Cowen viewed Michael Saylor and team’s plan as a bold yet realistic escalation of its bitcoin-focused strategy amid rising institutional interest.