May 6 Wednesday
Gate exchange is hosting a 'Crazy Wednesday' event from May 6 to May 10, offering a 50 USDT dual-currency experience bonus to the first 10,000 registrants. Participants can complete tasks to win blind boxes containing luxury items like Louis Vuitton trunks, and enjoy up to 200% annualized yield on certain crypto savings products.
Consensys CEO and Ethereum co-founder Joseph Lubin praised Strategy, SharpLink, and BitMine as positive examples of Digital Asset Treasury (DAT) projects building long-term permanent capital for the Ethereum ecosystem without leverage. He warned that weak assets and copycat DATs could harm the ecosystem, and noted that Ethereum has embedded a path to quantum security in its scaling roadmap, while Bitcoin faces more complex property rights issues in migrating quantum-vulnerable addresses.
Bitcoin climbed above $82,000 as a weaker dollar boosted crypto markets. Privacy coins Zcash and Dash posted double-digit gains, while AI-linked tokens also rallied.
Pension-usdt.eth's 3x short positions on Bitcoin and Ethereum have incurred unrealized losses exceeding $19.6 million as the market rallies. The profit has dropped from over $32 million to $10.66 million.
Circle minted approximately 750 million USDC on the Solana blockchain over the past 24 hours. The move increases the total USDC supply on Solana.
Bitcoin has surged over 36% since its February 6 low, with its dominance rate climbing above 61.3%, the highest since November 2025. Meanwhile, altcoins show early stabilization as TOTAL3 rose 15% and 11.7% of Binance-listed altcoins reclaimed their 200-day moving average.
ETH/USDT is currently trading at $2,401.63 on Gate exchange, according to market data. The cryptocurrency has risen 1.2% over the past 24 hours.
Gate Alpha has launched the 36th Hot Coin Trading Competition, offering a total prize pool of over $100,000. Participants can earn rewards through basic and advanced mechanisms, including blind boxes with prizes like iPhone 17 and GT tokens.
According to Gate data, US stock index futures rose sharply in short-term trading. The Dow Jones futures gained 0.65%, S&P 500 futures rose 0.61%, and Nasdaq 100 futures increased 1.11%.
Bitcoin climbed toward $82,000 alongside a more than 1% rise in Nasdaq futures amid reports of progress toward a U.S.–Iran memorandum of understanding. Oil prices fell 6% on the same news.
The Ekubo protocol was exploited in 85 transactions, resulting in a loss of $1.36 million. The incident highlights potential vulnerabilities in DeFi wallet security.
The euro strengthened against the US dollar, gaining over 0.5% in intraday trading. The EUR/USD pair is currently trading at 1.1751, according to data from Gate exchange.
At Consensus Miami 2026, Solana Foundation President Lily Liu argued that stablecoin adoption by firms like Western Union validates Solana’s role as financial infrastructure for both human and machine economies.
Bitcoin's three-month rally exhibits a clear internal structure, with gains clustering around specific trading windows across global sessions. The pattern suggests a hidden rhythm driving price movements beyond typical market expectations.
Chiara Scotti, Deputy Governor of the Bank of Italy, stated that tokenization of SEPA payments is increasingly relevant for the EU. This signals a potential policy shift towards integrating digital assets into traditional payment systems.
CoinMarketCap has issued a warning that it has no official token. Any promotions of a CMC-Token are scams.
Ultiland will host a live stream on Binance Square on May 6 at 20:00 UTC+8, unveiling Art Trading as its core profit engine. The event will also cover access to ARToken.
BitMine's Tom Lee announced a $238 million Ethereum purchase, citing AI demand for public networks as a catalyst. He declared the start of a 'Crypto Spring' for the market.
Bittime CEO Ryan Lymn forecasts a surge in real-world asset (RWA) transactions, expecting them to double by 2026. Amid rupiah pressure, USDT has become the top choice for Indonesian investors.
MYBX participated as an official partner at the RWA & Payments 2026 summit held during Hong Kong Web3 Carnival. The team engaged with Bitget Wallet, Cobo, Aleo, Conflux, and CREGIS on topics including RWA asset settlement, payment protocol interoperability, and trading infrastructure, highlighting MYBX 2.0's high-concurrency matching and atomic settlement capabilities.
Bitget Launchpool will host KAIO (KAIO) with a total reward pool of 10,000,000 KAIO. Staking pools for BGB, USDGO, and KAIO are open from May 6 to May 13, 2025 (UTC+8).
Data from Coinglass shows total liquidations of $349 million across all crypto assets in the past 24 hours, with long liquidations at $84.17 million and short liquidations at $265 million. Bitcoin short liquidations reached $90.89 million, while Ethereum short liquidations were $20.28 million; the largest single liquidation order occurred on Hyperliquid for BTC-USD worth $13.02 million.
ZEC has broken through the 600 USDT mark, currently trading at 598.83 USDT. The cryptocurrency surged 42.63% in the past 24 hours, according to Gate exchange data.
Taurus, a cryptocurrency custody firm, has obtained a MiFID II investment license from the Cyprus Securities and Exchange Commission. The license allows Taurus to offer tokenized financial instrument investment services and secondary trading of tokenized bonds, fund shares, stocks, and structured products to banks and asset managers across the EU.
According to Coinglass data, BTC's current 8-hour average funding rate across all exchanges is -0.0052%. Among major exchanges, Binance has a rate of -0.0062%, OKX -0.0039%, Bybit -0.0031%, and Gate -0.009%.
Bitget will list KAIO (KAIO) on its Launchpool platform. Users can stake to earn a share of 14,120,000 KAIO tokens.
Strategy CEO Phong Le stated that if the company remains the largest Bitcoin holder for the next 10 to 20 years, it could become the world's largest company. The company currently holds a significant amount of Bitcoin as part of its corporate strategy.
Crypto custodian Taurus has secured a MiFID license in Cyprus, enabling it to offer tokenized financial instruments to EU banks. The license also permits secondary trading for tokenized bonds, fund shares, equities, and structured products.
Institutional crypto brokerage FalconX has partnered with prediction market platform Kalshi. The collaboration aims to provide institutional clients access to event-driven markets through structured derivatives and block trade execution, covering contracts on cryptocurrencies, macroeconomics, and global elections.
South Korea's Foreign Exchange Transactions Act amendment, which expands forex regulation to include virtual asset service providers like crypto exchanges, passed the Legislation and Judiciary Committee. The bill now heads to the National Assembly plenary session for a final vote, possibly as early as May 7.
Hyperliquid platform whales currently hold $4.494 billion in positions, with longs at $2.266 billion and shorts at $2.229 billion, resulting in a long-short ratio of 1.02. A whale address 0xa5b0..41 opened a 15x long position on ETH at $2,265.48, with unrealized profit of $4.3 million.
Perpetual futures are becoming the key link between crypto and traditional finance. Equity perpetuals may soon demonstrate this convergence.
Gate.io announced a 13th anniversary VIP welcome event from April 21 to May 20, and the second phase of VIP triple rewards from May 6 to May 19. Users upgrading to VIP 5 or above can unlock welcome packages and share an 800,000 USDT airdrop pool, while meeting trading requirements can earn up to 1,500 USDT in airdrops.
Gate's GT mining product has reached a total staking amount of 40.2971 million GT. The platform also offers multi-currency staking options with reference annualized yields: GUSD 2.80%, BTC 2.67%, ETH 4.05%, SOL 8.50%, and USDT 3.47%.
Anchorage Digital has launched a new product called agentic banking, enabling AI agents to access capital across traditional finance and crypto payment rails in a compliant manner. CEO Nathan McCauley described the opportunity as potentially 'trillion-dollar'.
Toncoin's price surged past $2 following Telegram's announcement that it became the largest validator on the TON network. The move strengthens Telegram's commitment to the blockchain project.
Anchorage Digital announced Agentic Banking, enabling AI systems to access compliant, governed funds with identity, policy control, and settlement across crypto and traditional finance. The service leverages Anchorage's federally chartered crypto bank license to provide an auditable execution layer with permission controls and real-time risk management.
LayerZero CEO Bryan Pellegrino responded to KelpDAO's allegations regarding the rsETH security incident, stating that many claims were false. He noted that KelpDAO initially used LayerZero's default MultiDVN or DeadDVN configuration and later manually switched to the not-recommended 1/1 configuration, which handled nearly 100% of rsETH transactions.
A whale address '0x0a8' withdrew 9,288 ETH (worth $21.94 million) from Bybit. The whale now holds a total of 27,098 ETH, valued at $64 million.
According to GMGN data, the top 5 tokens by smart money net inflow in the past 24 hours are Goblin, PURCH, TrackedBio, CHILLBASS, and MROBOTICS. Goblin saw a net inflow of $6,000 and a 312.8% price increase, while TrackedBio experienced a 39.3% decline.
Colombian President Gustavo Petro stated that Colombia should follow Venezuela and Paraguay in attracting Bitcoin mining investments. He highlighted the untapped renewable energy along the Caribbean coast as a key advantage for mining development.
The payment gateway allows AI agents to pay for APIs on a per-call basis using stablecoins via Solana wallets, eliminating the need for accounts or subscriptions. It integrates with Google Cloud services like Gemini, BigQuery, Vertex AI, and Cloud Run, plus over 50 third-party APIs, through a unified API marketplace.
According to CoinGecko, the anti-quantum sector rose 22.4% in the past 24 hours, leading all sectors. ZEC gained 26.7%, while GEEQ and STRK rose 7.4% and 6.7% respectively.
Data from Coinglass shows that Binance has experienced a net inflow of 560 million USDT in the past 24 hours. This indicates significant capital movement into the exchange.
Spot gold rebounded sharply after falling to $4500 on May 4, rising 2.3% this morning to $4651 on Hyperliquid, marking the third retest of that level in seven days. Abraxas Capital, a prominent short seller on Hyperliquid, saw its 5x leveraged short position of $22 million at $4650 turn from profit to loss, becoming the top gold short holder on-chain.
South Korea's largest cryptocurrency exchange Upbit has listed Dogwifhat (WIF), a Solana-based memecoin. The token is inspired by a viral image of a Shiba Inu wearing a pink knitted hat.
BILL, the native token of Billions Network, rose 10% in the past hour, pushing its market cap to a record high of $10.4 million. The 24-hour gain reached 27% with $83.1 million in trading volume, driven by the launch of contract trading on an exchange.
Upbit announced the listing of Dogwifhat (WIF) on its platform. Trading will be available in KRW, BTC, and USDT markets.
Orochi Network has launched zkDatabase, a system that provides cryptographic proofs for data fed to smart contracts. The solution aims to address trust issues in decentralized finance by ensuring data verifiability.
Jump Trading partners with Securitize to enable regulated tokenized stock trading onchain. The collaboration combines Jump's liquidity infrastructure with Securitize's compliance platform.
SuperEx announced the listing of MegaETH (MEGA) in its Innovation Zone, opening MEGA/USDT spot trading on May 6, 2026 at 11:00 Beijing time. MEGA will also be supported as cross-collateral for contract trading, with deposit and withdrawal channels opening soon.
Bitcoin has stabilized above the $81,000 support level and continues to climb. Major global stock indices, including the S&P 500, Nasdaq 100, and Nikkei 225, have hit new record highs, reflecting a broad risk-on sentiment.
Binance co-founder Changpeng Zhao (CZ) stated on X that the crypto winter is the best time for building. He emphasized that those who remain are long-termists and will not be misled by short-term market fluctuations.
XAU is currently trading at $4,646.96, up 2.25% in 24 hours. Total XAU contract volume across exchanges reached $1.957 billion, down 10.75% from the previous period.
A whale deposited $4.1M into HyperLiquid to open a 2x leveraged long position of 92,161 SOL, valued at $8M. The whale also holds a long position of 5,992 ETH worth about $14M.
Bitcoin spot ETFs recorded a total net inflow of $467 million yesterday, marking four consecutive days of inflows. BlackRock's IBIT led with $251 million, while Grayscale's GBTC saw an outflow of $18.4 million.
Strategy executive chairman Michael Saylor signaled a potential bitcoin sale to cover $1.5 billion in annual dividend obligations. MSTR fell 4% after hours and BTC briefly dipped below $81,000.
Michael Saylor's company Strategy has for the first time floated the idea of selling Bitcoin, a departure from his long-held view that Bitcoin should not be sold. Saylor suggested the sale could be used to 'inoculate the market'.
Ethereum co-founder Vitalik Buterin stated in a July 20, 2024 Arbitrum video that consortium blockchains have almost completely failed, inheriting drawbacks of both centralized and decentralized systems. He suggested retrofitting centralized servers with cryptographic proofs anchored on-chain as a more viable alternative.
Wintermute deposited a large amount of token B to a centralized exchange on May 4, causing the price to drop 16.8% to $0.2777. The price later rebounded to $0.5527, resulting in a maximum swing of 99%.
A whale deposited 2.1 million USDC into HyperLiquid to increase its HYPE position. The whale currently holds 82,772 HYPE worth $3.6 million, with an unrealized profit of approximately $144,000.
Senator Bernie Moreno stated that the Bitcoin and crypto market structure legislation will be considered next week. He expects the bill to reach the President's desk by the end of June and be signed into law before July 4.
Gh0st, a privacy trading infrastructure, has officially launched on BNB Chain. Its privacy stack uses complex orchestration across dozens of wallets to break the link between a user's main wallet and trade execution, preventing copy trading.
Multicoin Capital co-founder Tushar Jain disclosed that the firm has accumulated a significant position in Zcash since February. The firm argues that privacy-focused assets like ZEC have clear product-market fit as political wealth confiscation risks grow.
The attack exploited a vulnerability in the IPayer.pay callback, allowing the attacker to control payer, token, and amount parameters to transfer approved tokens. Ekubo core protocol users are unaffected, but users who approved the v2 contract as a token spender are at risk; Blockaid recommends revoking approvals immediately.
Uniswap DAO is voting on a proposal to reclaim approximately 12.5 million UNI tokens (worth $42 million) lent to the Uniswap Foundation and delegates to boost governance participation. The proposal, authored by Uniswap Labs governance lead Erin Koen, aims to address misaligned incentives as average voter turnout has exceeded quorum by 88%.
According to Web3 asset data platform RootData, BounceBit (BB) will unlock approximately 37.03 million tokens at 00:00 Beijing time on May 13. The unlocked tokens are valued at about $1.18 million.
The Tennessee Bankers Association has chosen Stablecore as its preferred digital asset technology provider, offering infrastructure for stablecoins, tokenized deposits, and crypto-backed loans to its 175 member banks. The partnership allows banks to issue and manage tokenized assets without building their own systems, reflecting a trend of traditional financial institutions integrating crypto services through third-party providers.
An address purchased 1.032 million SKYAI tokens for 49,000 USDT in June, later selling 873,000 tokens at an average price of $0.426 for $372,000. The address still holds 158,000 SKYAI tokens worth $125,000, with total profits exceeding $450,000.
The crypto market saw broad gains over 24 hours, with the SocialFi sector leading at 13.7%. Bitcoin rose 1.4% to break $81,000, while Ethereum gained 0.52% to near $2,400.
Chinese tech startups including Moonshot AI and DeepRoute.ai are evaluating moving their incorporation back to China after the securities regulator questioned offshore ownership structures. StepFun has already begun dismantling its offshore structure to expedite Hong Kong IPO approval.
A Kaiko report found that wallet address 0xa1E opened a long position on Lighter (LIT) on Hyperliquid about an hour before Robinhood announced its listing, then closed it after the announcement. The same wallet also opened a short position on HOOD hours before Robinhood reported lower-than-expected Q1 revenue.
An address deposited 500,000 USDC into HyperLiquid and opened a 40x leveraged short position of 250 BTC, worth about $20.32 million. The liquidation price is set at $82,236.61.
Bitcoin's on-chain activity has dropped to a two-year low, with daily active wallets averaging 531,000 and new wallets at 203,000. Santiment notes the price rally above $80,000 is driven by smaller participants, lacking broad retail and returning user influx, making the rally fragile.
10x Research notes that despite low trading volume and negative funding rates, early Bitcoin bulls have secured about 10% gains. The firm warns that many traders misread the market, as bear markets often end without a single catalyst, and emphasizes the need for hedging and position management.