PA Daily | Ethereum Pectra upgrade will be ushered in May 7; Bernstein predicts that companies will purchase another $330 billion in BTC by 2029
転載元： panewslab
05/06/2025·8DToday's news tips:
DWF Labs announces the wallet address for purchasing tokens in the secondary market
MYX Finance has opened the airdrop query page to airdrop 14.7% of the total supply of tokens
Coinbase will temporarily suspend Ethereum business on May 7 to cooperate with Pectra upgrade
Binance Wallet: Users with Alpha points ≥142 can participate in the 15th TGE activity
Regulatory/Macro
US Treasury Secretary: 145% tariffs imposed on China cannot be maintained for a long time
According to CNBC, U.S. Treasury Secretary Bescent said on May 5 local time that he expects progress in the U.S.-China trade negotiations will be made in the next few weeks. He also pointed out that the Trump administration's 145% tariff policy on China cannot be maintained for a long time.
Binance Wallet: Users with Alpha points ≥142 can participate in the 15th TGE activity
According to Binance Wallet announcement, users with Alpha points ≥142 can participate in the "15th Exclusive TGE Project MYX Finance" event. In addition, users with points between 99 and 141 and UID last rank "8" will be eligible for lucky draw. The official reminds users to prepare sufficient BNB on their BNB chain in advance to prevent network congestion.
Florida Strategic Bitcoin Reserves Act Withdraws from State Crypto Legislative Competition
According to Cointelegraph, Florida House of Representatives Bill 487 and Senate Bill 550 were "delayed indefinitely and withdrawn from deliberation" on May 3. The two bills originally planned to allow state finance to invest up to 10% of some public funds in Bitcoin and establish state-level crypto reserves. However, the Florida Legislature did not pass relevant legislation before the end of its meeting on May 2 and has officially withdrawn from the state-level Bitcoin Reserves Act competition. Previously, similar bills also failed in South Dakota, Montana and other places. By contrast, Arizona still has two related proposals pending.
Bernstein predicts that companies will purchase another $330 billion in Bitcoin by 2029
According to CoinDesk, Wall Street broker Bernstein expects global corporate finance to add $330 billion in Bitcoin purchases by the end of 2029. Among them, MicroStrategy (Strategy) is expected to contribute about US$124 billion, and the remaining US$205 billion comes from slower growth SMEs. The report pointed out that the US crypto-friendly regulatory environment promotes the trend of corporate currency holding. Currently, listed companies hold about 720,000 BTC, accounting for 2.4% of the total supply. But Bernstein also warned that MicroStrategy's model is difficult to be fully copied.
Coinbase will temporarily suspend Ethereum business on May 7 to cooperate with Pectra upgrade
According to Coinbase Assets, the Ethereum Pectra upgrade will be held at 3:05 am on May 7 (18:05 Beijing time on the same day). To ensure the safety of user funds, Coinbase will suspend Ethereum's recharge and withdrawal operations during the upgrade period, with the suspension period from 17:50 to 18:45 Beijing time. At the same time, the new pledge request will be resumed after 18:45, and existing pledged positions will not be affected.
According to the official website of the U.S. House of Representatives Financial Services Committee, Representatives French Hill, GT Thompson, Bryan Steil and Dusty Johnson jointly issued a discussion draft of the Digital Asset Market Structure Act of 2025. The bill intends to establish a unified regulatory framework, clarify the definitions of digital goods, stablecoins, self-custodial rights and decentralized finance, give CFTC and SEC division of labor supervision authority, and establish registration mechanisms such as exchanges, brokers, and custodians. The bill emphasizes protecting consumers, promoting innovation and filling regulatory gaps, and aims to consolidate the U.S. leadership in the global digital asset market. The bill is currently in the consultation phase.
Viewpoint
QCP Capital said that the Taiwan dollar rose 8% this Monday, and Asia-Pacific currencies such as the South Korean won also generally strengthened, and the spread between the Taiwan dollar spot and one-year forward contracts hit a 20-year high. This is mainly affected by the rising market speculation about the US-Taiwan trade agreement and the increase in US dollar assets hedging by Taiwan insurance institutions. QCP believes that this may be an early signal of adjustments in global capital flows, similar to the large fluctuations in the yen due to changes in interest rate spreads last year. Meanwhile, gold prices also rose nearly 3% on Monday, reflecting market concerns about weaker dollar and geopolitical risks. In the future, Bitcoin may be affected by this, either decoupled from the gold trend or benefiting from the progress of trade negotiations, and the foreign exchange market may become a weather vane for macro changes.
According to Matrixport analysis, the price of Bitcoin has risen by nearly 25%, and the scale of open contracts has risen from US$22 billion to US$29 billion, but the capital fee rate is still close to zero, indicating that some futures traders choose to establish short positions rather than chase the rise. This rare market structure may indicate greater fluctuations: if prices continue to rise, short positions may be forced to close positions to drive the rise; if prices pull back, short positions may be strengthened. The overall market structure points to the intensification of volatility in the future.
Glassnode: Bitcoin may face strong selling pressure at $99,000
According to Glassnode's analysis, Bitcoin price is likely to face significant selling pressure when it approaches $99,900. Data shows that long-term holders (wallets that hold coins for at least 155 days) usually start to distribute tokens more aggressively when they achieve about 350% of unrealized profits, and this profit level corresponds to the price of Bitcoin at about $99,900. Additionally, wallets that purchased Bitcoin in the $95,000-$98,000 price range earlier this year may choose to close positions or make a small profit when prices rebound to that range, which may further exacerbate selling pressure. Glassnode pointed out that this price range forms a key resistance level, and if Bitcoin can effectively break through $99,900, it may open a channel to discovery of more than $100,000. Previously, the price of Bitcoin had exceeded $90,000, and the market was concerned about whether it could hit a new high, surpassing the $109,000 record set in January this year.
Binance founder CZ (Zhao Changpeng) recently shared his feelings about prison life, Trump's views on the future development of the crypto industry in an interview. CZ said the prison experience has made him value health and family more and gained a new understanding of priority in life and work. He also mentioned that the Trump administration’s support for cryptocurrencies has brought positive changes to the industry and believes that the shift in the U.S. policy is crucial to industry development. When talking about the crypto industry, CZ pointed out that although the market has paid more attention to Memecoin recently, he is more optimistic about the combination of blockchain with AI, scientific research and other fields, and expects that decentralized exchanges (DEX) will surpass centralized exchanges (CEX) in the future. In addition, CZ revealed that it currently helps entrepreneurs more as mentors and consultants, and no longer plans to re-lead Binance or create new crypto projects. For the future price of Bitcoin, CZ predicts that this cycle may be between $500,000 and $1 million. He also stressed that the industry needs to focus more on long-term value than short-term speculation.
Project News
DWF Labs announces the wallet address for purchasing tokens in the secondary market
According to official news, Andrei Grachev, a partner of DWF Labs, disclosed that DWF Labs used to purchase tokens in the secondary market, which currently includes three addresses of EVM, Solana and Tron networks.
MYX Finance has opened the airdrop query page to airdrop 14.7% of the total supply of tokens
MYX Finance has officially launched a community airdrop campaign to reward early supporters and ecosystem contributors. The total allocation of this airdrop accounts for 14.7% of the total supply of tokens, of which 6.7% (approximately 67.036 million $MYX) are allocated in the first phase. The token issuance is based on BNB Chain, ensuring fast transactions and low fees. Airdrops will be released in batches in multiple stages, with the initial release of 30% in the first stage and the remaining 70% will be released linearly over the next 5 months. Users need to complete the collection within 90 days after each release, and tokens that have not been collected within the deadline will be reclaimed to the project vault. BMYX holders will receive the allocation directly without additional action. Previous news, the 15th TGE event of Binance Wallet will be launched in MYX Finance (MYX).
Binance adds ASR/USDT and ALPINE/USDT perpetual contracts
Binance Futures will launch the ASRUSDT perpetual contract at 17:30 Beijing time on May 6, and the ALPINEUSDT perpetual contract at 17:45. Both support up to 75 times leverage.
According to the official announcement of Treasure, with the passage of the TIP-52 proposal, Treasure Chain will be officially closed on May 30. Users need to bridge ETH, MAGIC, SMOL and Beacon WOP NFT assets to L1 or Arbitrum chains by the end of the month. Currently, on-chain bridging has stopped, MAGIC-ETH liquidity has been moved to the Ethereum main network and launched Uniswap.
Berachain ends Boyco pre-sale activity, BERA rewards open inquiry and collection
According to the announcement of the Berachain Foundation, its Boyco liquidity pre-deposit activity has officially ended. Users can now redeem pre-deposit assets and query through the reward inspector online on the official website and receive $BERA airdrop rewards. Non-BERA rewards (such as application tokens) must be collected separately from each participating agreement. Rewards for some early pre-deposited vaults (such as StakeStone, EtherFi, etc.) are not displayed in the inspector and need to be operated separately in each protocol. The official said that in the future, it will support one-click investment of Boyco rewards into high-yield strategies within the Berachain ecosystem.
Important data
According to Lookonchain data, BlackRock's iShares Bitcoin Trust ETF has increased its holdings by 41,452 bitcoins in the past two weeks, worth about $3.92 billion. Its total holdings have reached 614,639 Bitcoins, with a total value of approximately US$58.07 billion.
According to Binance market data, ASR rose 53.34% in a short period of time and is now quoted at US$2.094; ALPINE rose 62.23% in a short period of time and is now quoted at US$1.2. Previous news, Binance added a perpetual contract between ASR/USDT and ALPINE/USDT.
According to SoSoValue data, Bitcoin spot ETF recorded a total net inflow of US$425 million on May 5, Eastern Time, achieving net inflow of funds for the third consecutive day. Among them, BlackRock's IBIT had a net inflow of US$531 million in a single day, ranking first, with a total historical inflow of US$44.212 billion; Fidelity FBTC had a net outflow of US$57.82 million, the largest that day. As of now, the total net asset value of Bitcoin spot ETFs is US$110.685 billion, accounting for 5.91% of Bitcoin's total market value, and the cumulative net inflow has reached US$40.662 billion.
KuCoin's Bitcoin reserves have dropped by more than 77% since KYC rumors
According to OnChainSchool citing CryptoQuant data, since the official announcement of the mandatory real-name system on June 5, 2023, the KuCoin exchange's Bitcoin reserves have dropped sharply from 18,300 to 4,100, with a net outflow of 14,200, a decrease of 77.6%. Although the overall decline in centralized exchange reserves is an industry trend, KuCoin's sharp decline has attracted attention, highlighting users' high sensitivity to privacy and compliance policies. The chart shows that the trend has been ongoing downward trend since the announcement.
According to Embers, a total of 3,422 unused Bitcoins since 2012 have been transferred to a new address within the past three hours. Traceable sources show that these BTCs were first withdrawn from the closed early exchange BTC-e, when Bitcoin was only $13.50, worth about $46,000. Today, the value has reached US$324 million, an increase of 7018 times.
Tether issues $1 billion in Tron Chain as inventory supplement
According to Whale Alert monitoring, Tether Treasury issued an additional $1 billion USDT on the Tron network at 4:52 am today (worth approximately $1.001 billion). Tether CEO Paolo Ardoino later stated that the additional issuance is an "authorized unissued" transaction, and is intended as a stock preparation for future coin issuance requests and on-chain redemption, and does not mean that it will enter the market immediately.
Financing
The new generation of L1 blockchain protocol Litheum announced the completion of a US$750,000 strategic financing, led by Alphemy Capital and Amber Group. This round of funds will be used to advance its testnet online program to further realize its vision of "compressing blockchain usage costs to the physical limits." Litheum plans to launch a testnet next quarter to lay the foundation for its mainnet release. It is reported that Litheum adopts an innovative PoP (Proof-of-Performance) consensus mechanism, which encourages all core functional nodes in the network and dynamically adjusts block size and transaction fees, improving on-chain performance and cost efficiency while ensuring security and decentralization.
According to Bloomberg, staking service provider Figment is looking for acquisition targets, planning to invest between $100 million and $200 million, focusing on projects with strong regional influence or specific blockchain ecosystems. Figment co-founder and CEO Lorien Gabel said in an interview that the move aims to seize the opportunity of the current merger and acquisition boom in the crypto field and further expand its business layout.
According to TNGlobal, Singapore's stablecoin cross-border payment company XWeave announced a $3 million seed round of financing, led by Jungle Ventures and Lightshift, with White Star Capital, Fabric Ventures, DCG, The Venture Dept., and venture capital studio Menyala. XWeave aims to combine traditional fiat currency systems with a stablecoin network to support instant, compliant and cost-effective flow of funds across markets, and its non-custodial infrastructure allows institutions to conduct cross-border transactions without custodial user funds. The new funding will support its expansion of the network to other parts of the Middle East and Asia.
Kevin Tian, co-founder and CEO of Doppel, digital risk management and protection platform, announced on the X platform that the company has completed a US$35 million Series B financing, led by Bessemer, and participated by 9Yards Capital, SOZO VENTURES, Strategic Cyber Ventures, a16z, South Park Commons, Script Capital and others. Doppel is an AI-driven digital risk protection platform designed to protect organizations from social engineering threats such as phishing, impersonation and deep forgery fraud. The new funding will be used to support the construction of digital protection infrastructure that combines generative AI with expert manual analytics.
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