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Whale Alert reported that 331,462,197 USDT has been transferred from an unknown wallet to Kraken. The transaction is valued at about $331 million.

According to CoinNess market monitoring, BTC has risen above $79,000. BTC is trading at $79,025.07 on the Binance USDT market.

We provide real-time cryptocurrency updates around the clock from 10:00 p.m. UTC on Sunday through 3:00 p.m. UTC on Saturday. Outside these hours, coverage is limited to critical market-moving developments. Note: Overseas economic news flashes will continue to be provided through the CoinNess Live app and the CoinNess website.

U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig is pursuing a plan to limit state government interference in prediction markets, The Information reported. The outlet noted that Selig is known as an avid sports fan with a deep interest in the field, displaying a large amount of sports memorabilia in his office. If the measure is implemented, platforms such as Polymarket and Kalshi, which have been hindered by state-level gambling laws and regulations, would be able to more freely offer trading services on sports and current events across the United States.

A wallet suspected of being an insider or market maker has realized an estimated profit of $1.13 million from the token LAB, which surged tenfold over the past month, EmberCN reported. Before the price increase, the wallet accumulated 575,000 LAB for $128,000 at an average price of $0.20. The holdings were deposited into Gate.io and KuCoin approximately 30 minutes ago.

Prediction markets are evolving from platforms for one-off event betting to hubs for small, frequent trades by individual users, Bitget and Polymarket said in a report. Polymarket's monthly trading volume surged from about $1.2 billion in 2025 to over $20 billion in early 2026, while its number of active wallets more than tripled in six months. Small-scale traders with under $10,000 account for 82% of all users. These users are trading on the real-time prices of a wide range of events, from cryptocurrency prices and economic indicators to sports and entertainment news. The total market size is projected to exceed $240 billion this year and is expected to grow into a $1 trillion industry in the long term.

Ethereum mainnet transactions reached a new all-time high of 72.8 million in April, according to a report from Blockbeat. The breakdown of transaction types was as follows: - Token transfers: 62% - Utility: 13% - Financial: 8% - Cross-chain: 2% - Other: 15%

Nasdaq-listed mining company Bitdeer sold all of its mined Bitcoin again this week. The company announced that it mined 186 BTC this week and sold the entire amount. Bitdeer has maintained its strategy of holding zero BTC since February.

Bitcoin has entered the lower range of the Adjusted Realized Price Bands model, according to CryptoQuant analyst Axel Adler Jr. He stated that while this zone could be where a market bottom begins to form, the process is not a short-term one. Adler Jr. analyzed that the bottoming-out process typically takes about six months. He added that a genuine bull market reversal is not possible through simple psychological factors or temporary bounces, and that the market must wait for an inflow of actual long-term demand.

A developer claims to have created a new CUDA-based tool capable of recovering 8,999 BTC lost in 2010, BeInCrypto reported. The funds, which belonged to a user known as Stone Man, were lost due to a bug in an early version of the Bitcoin client. The developer, a Reddit user named CompetitiveRough8180, asserts the tool can exploit weak entropy, or randomness, in the old client software to retrieve the lost coins. The stash of 8,999 BTC is currently valued at over $700 million.

Hyperliquid has launched its first prediction market contract, BlockBeat reported. The inaugural contract on the HIP-4 binary prediction market will settle based on whether Bitcoin surpasses $78,213 at 5:00 a.m. UTC on May 3. Users can participate in the market using their existing futures trading margin without needing to connect a separate wallet.

According to data from Coinglass, a drop below $77,547 for BTC could trigger the liquidation of $424.31 million in long positions on major centralized exchanges. Conversely, a move above $79,067 would liquidate an estimated $395.66 million in short positions.

A whale with an 80,000 ETH ($182 million) long position on Hyperliquid (HYPE) currently has an unrealized profit of $3.11 million, ai_9684xtpa reported. The position was opened from two separate wallets, each with 40,000 ETH, at an average entry price of around $2,265.

On-chain analyst Axel Adler Jr. argued that Bitcoin has historically ended its bear markets and begun to rebound only after a significant price drop, a signal that has not yet appeared in the current cycle. In a post on X, he stated that while many influential figures are claiming Bitcoin has already formed a bottom, a model based on the past four cycles indicates otherwise. According to Adler, bear markets have always concluded after a major decline, a phase he believes the market has not yet entered.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 49.96% long, 50.04% short - Binance: 51.4% long, 48.6% short - OKX: 51.59% long, 48.42% short - Bybit: 51.12% long, 48.88% short

The cumulative trading volume for prediction market platforms Polymarket and Kalshi surpassed $150 billion as of April, The Block reported. However, a seven-month streak of setting new monthly highs was broken last month. The number of active trading users on Polymarket fell from 733,000 in March to 643,000, contributing to the slowdown in trading volume. Meanwhile, Polymarket is expanding its business in the U.S. market, while Kalshi saw its trading volume increase from $13 billion in March to $14.28 billion in April.

Andreessen Horowitz's (a16z) crypto arm, a16z Crypto, has suggested that the concept of stablecoins may eventually fade away and be replaced by new terminology. The firm highlighted that stablecoins are increasingly serving as financial infrastructure for various applications, including cross-border remittances, real-time settlements, direct ownership, and embedded payments. The core function, a16z Crypto stressed, is to make money programmable like software. The firm explained that these assets could be rebranded in the future as digital dollars, digital euros, or on-chain assets.

Bitcoin does not require a specific narrative to reach the $100,000 mark, according to crypto analyst Michael van de Poppe. In a post on X, he argued that a narrative is not a prerequisite for a price increase; rather, narratives tend to form on their own after a price surge. He noted that while there is no clear narrative currently driving the market, significant liquidity is flowing into the AI sector, with investors seemingly unconcerned about a potential price drop despite signs of overheating. Van de Poppe described this as the natural way markets operate. Looking ahead, he asserted that digital assets will gain importance and highlighted Bitcoin as the best-performing inflation hedge in history. He suggested that even if price movements slow down, it could be a preparatory phase for a future rally, concluding that the current price level remains favorable for accumulation.

A significant concentration of BTC short positions is clustered around the $80,000 price level, according to on-chain analyst Ali Martinez. He suggested that a breakout above this area could trigger a short squeeze, potentially driving the price rapidly to $84,000. Martinez noted that while BTC continues to consolidate in a narrow range at the start of May, the key area to watch is the large accumulation of shorts at $80,000. Conversely, if Bitcoin fails to overcome this resistance, the $70,000 to $75,000 range is expected to act as a support level. He described the current market as a tight tug-of-war between buyers and sellers, adding that a daily close outside the $75,000-$80,000 range will be a crucial variable in determining the trend for the month.

Taiwanese lawmaker Ko Ju-Chun has delivered a report to the country's Premier and Central Bank Governor proposing the introduction of a Bitcoin strategic reserve, Wu Blockchain reported. During a parliamentary session, Ko urged the executive branch to study the possibility of allocating a portion of Taiwan's $602 billion in foreign exchange reserves to BTC. She also requested that the central bank submit a report on stablecoins and cryptocurrency strategic reserves within one month.

Bitcoin mining difficulty dropped by 2.30% to 132.47 T around 2:06 a.m. UTC today. The next difficulty adjustment is scheduled to occur in 13 days and 17 hours.

U.S. spot Ethereum ETFs recorded a net inflow of approximately $101.2 million on May 1, marking a shift from net outflows for the first time in four trading days, according to data from Farside Investors. - BlackRock ETHA: +$43.2 million - BlackRock Staking ETHB: +$5.9 million - Fidelity FETH: +$49.4 million - Bitwise ETHW: +$1.3 million - 21Shares TETH: +$1.4 million

U.S. spot Bitcoin ETFs recorded approximately $629.8 million (928.9 billion won) in net inflows on May 1, marking the second consecutive day of positive flows, according to data from Farside Investors. - BlackRock IBIT: +$284.4 million - Fidelity FBTC: +$213.4 million - Bitwise BITB: +$27.3 million - Ark Invest ARKB: +$88.5 million - VanEck HODL: +$5.5 million - Morgan Stanley MSBT: +$4.5 million - Grayscale Mini BTC: +$6.2 million

The Billions Foundation announced on its official X (formerly Twitter) account that its digital identity verification platform, Billions Network, is scheduled to hold a Token Generation Event (TGE) for its BILL token on May 4.

According to Onchain Lens, a newly created wallet (bc1qyhr..) has withdrawn 1,051 BTC, worth approximately $82.37 million, from Binance.